TCR_Public/141013.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Monday, October 13, 2014, Vol. 18, No. 285

                            Headlines

1058 SOUTHERN BLVD: Section 341(a) Meeting Set for Nov. 11
ADVANCED MICRO DEVICES: Lisa Su is New Chief Executive Officer
AMERICAN INT'L: Bernanke Says Company Had No Better Offer
ASPEN GROUP: Has 52.5 Million Shares Resale Prospectus
ANACOR PHARMACEUTICALS: Plans to Sell $70 Million Conv. Notes

AUTOMATED BUSINESS: Bid to Extend Plan Exclusivity Denied as Moot
AUTOMATED BUSINESS: Court Okays Outline for 2nd Amended Plan
AUXILIUM PHARMACEUTICALS: S&P Puts 'CCC+' CCR on Watch Positive
AUXIUM PHARMACEUTICALS: To Be Acquired by Endo for $2.6 Billion
BATE LAND: Has Until January 1, 2015 to Obtain Plan Confirmation

BATE LAND: Wants BLC's Supplemental Brief Against Plan Stricken
BESRA GOLD: Misses Filing Deadline; Applies for MCTO
BFC MANAGEMENT: Case Summary & 20 Largest Unsecured Creditors
CAESARS ENTERTAINMENT: SVP and Chief Accounting Officer Quits
CHIQUITA BRANDS: S&P Affirms 'B' CCR, Alters Outlook to Developing

CONSOL ENERGY: S&P Retains 'BB' Corporate Credit Rating
COUTURE HOTEL: Files for Chapter 11 to Restructure Debt
COUTURE HOTEL: Seeks to Use Creditors' Cash Collateral
COUTURE HOTEL: AFB Opposes Return of Las Vegas Hotels to Debtor
CRUMBS BAKE SHOP: Celebrates Grand Re-Opening on October 14

DELUXE ENTERTAINMENT: S&P Raises CCR to 'CCC+'; Outlook Negative
DUNE ENERGY: Eos Offers to Buy Outstanding Shares at $0.30 Apiece
EMANUEL L. COHEN: Accused by Lender of Misrepresenting Finances
ENERGY FUTURE: Hires Balch & Bingham as Environmental Counsel
ESP RESOURCES: Unit Inks $4-Mil. Factoring Pact With Transfac

FISKER AUTOMOTIVE: Committee Professionals Seek 53.7% in Bonuses
FLUX POWER: Signs $500,000 Credit Agreement With Leon Frenkel
GBG RANCH: Taps Upton Mickits as Special Energy Counsel
GENTIVA HEALTH: Moody's Puts 'B3' CFR on Review for Upgrade
GENTIVA HEALTH: S&P Puts B CCR on Watch Pos. Over Kindred Merger

GLOBALSTAR INC: Files Presentation Materials With SEC
GREAT NORTHERN: Bankruptcy an Issue in Maine's Race for Governor
GT ADVANCED: Proposes KCC as Claims and Balloting Agent
GT ADVANCED: To Close Arizona, Massachusetts Sapphire Plants
GT ADVANCED: Liquidity Issues Led to Bankruptcy, Court Papers Say

HAMPDEN COUNTY PHYSICIAN: Files for Bankr., To Sell 5 Locations
HDOS ENTERPRISES: Holders of Claims Overwhelmingly Accept Plan
HDOS ENTERPRISES: To Serve as Disbursing Agent Under Exit Plan
HOUSTON REGIONAL: Judge Says Comcast Can't Recover $100-Mil.
HS INVESTMENT: Case Summary & 5 Unsecured Creditors

IBAHN CORP: Seeks Extension of Removal Period Until Jan. 2015
INDEX RECOVERY: Disclosure Statement Hearing Set for October 23
INTELLICELL BIOSCIENCES: Amends Previously Filed Reports With SEC
INTELLICELL BIOSCIENCES: Amends Q3 2013 Quarterly Report
INTELLICELL BIOSCIENCES: YA Global Has 0% Stake as of Oct. 9

INTERMETRO COMMUNICATIONS: Fires Chief Financial Officer
INVERNESS DISTRIBUTION: Revolution Acquires Morgan Creek Library
INVISTA BV: Moody's Assigns 'Ba1' Corporate Family Rating
INVISTA BV: S&P Retains 'BB+' CCR; Outlook Stable
ITR CONCESSION: Hires RL&F as Special Committee Counsel

ITR CONCESSION: Hires UBS Securities as Investment Banker
JACQUELINE MELCHER: Sanctions Imposed on 'Vexatious' Litigant
KELLERMEYER BERGENSONS: Moody's Assigns B3 Corp. Family Rating
KELLERMEYER BERGENSONS: S&P Assigns 'B' CCR; Outlook Stable
KID BRANDS: Seeks Approval of Disney Settlement Over Asset Sale

KID BRANDS: Wants to Extend Removal Period Until December 15
KINDRED HEALTHCARE: Moody's Puts B1 CFR on Review for Downgrade
LIGHTSQUARED INC: Wants Falcone Suits Against GPS and U.S. Halted
MEDICAL ALARM: Incurs $48,000 Net Loss in March 31 Quarter
MF GLOBAL: Brokerage Unsecured Creditors May Get 90%

MILLER AUTO: Court Must Deny DIP Motion, Creditors Committee Says
MOBIVITY HOLDINGS: Appoints New Director to Board
MPM SILICONES: Has Accord to Resolve Trustees' Bid to Compel
MPM SILICONES: Resolves Government's Objection to Chapter 11 Plan
NAARTJIE CUSTOM: Great American Emerges as Winning Bid in Auction

NESCO LLC: S&P Revises Outlook to Negative & Affirms 'B' CCR
OMC INC: Voluntary Chapter 11 Case Summary
ORLANDO, FL: Moody's Affirms Ba2 Rating on $33.1MM 2nd Lien Bonds
PANACHE BEVERAGE: Suspends Filing of Reports With SEC
PASCO COUNTY, FL: Moody's Confirms B3 Rating on 1979 Rev. Bonds

PRECISION OPTICS: Registers 1.7 Million Shares for Resale
PREFERRED CONTRACTORS: A.M. Best Puts 'B' FSR Under Review
PRETTY GIRL: Committee Disputes Proposed Cash Collateral Order
QUICKSILVER RESOURCES: Receives Non-Compliance Notice From NYSE
RADIOSHACK CORP: Litespeed Reports 8.8% Equity Stake

RESIDENTIAL CAPITAL: Defective Mortgage Suits Liable to Dismissal
ROCKWELL MEDICAL: Inks Distribution Agreement With Rockwell
SCICOM DATA: Accord Resolves Claims by Venture and Xerox
SCICOM DATA: Seeks Approval of Stipulation to Resolve PBGC Claims
SECUREALERT INC: Rebrands Itself as Track Group

SEVEN S: Father, Son Agree to Temporary Standstill
SEVEN S: Court Issues Joint Administration Order
SOURCEHOV LLC: Moody's Assigns Caa1 Rating on $250MM Term Debt
SOURCEHOV LLC: S&P Affirms 'B' CCR on Proposed Recapitalization
STC & LAM: Case Summary & 6 Largest Unsecured Creditors

SURFACEMAX INC: Case Summary & 20 Largest Unsecured Creditors
T-L BRYWOOD: Has Interim Okay to Use Cash Until October 31
TALISMAN ENERGY: S&P Lowers Preferred Stock Rating to 'BB'
TAMPA WAREHOUSE: Court Approves Joint Plan of Reorganization
TOMS SHOES: S&P Assigns 'B' CCR & Rates $300MM Loan 'B'

TRUMP ENTERTAINMENT: Disclosure Statement Hearing Set for Nov. 5
TRUMP ENTERTAINMENT: Panel Wants Cash Collateral Hearing Delayed
TRUMP ENTERTAINMENT: Levine Staller Objects Cash Collateral Bid
TRUMP ENTERTAINMENT: Wants to Reject CBA by Taj Mahal & Local 54
TRUMP ENTERTAINMENT: Power to Modify Union Contract in Doubt

TRUMP ENTERTAINMENT: Icahn, Lawmakers Battle Over Casino's Fate
TRUMP ENTERTAINMENT: Donald Trump Wants Name Removed From Company
VERITEQ CORP: Receives Notification From OTCQB Marketplace
VUZIX CORP: Freed Maxick Replaced EFP Rotenberg as Accountants
VYCOR MEDICAL: Fountainhead Capital Holds 50.1% Equity Stake

WAJAX CORP: DBRS Confirms 'BB(high)' Issuer Rating
WINDSOR PETROLEUM: Disclosures Approved; Plan Hearing on Nov. 20

* Bankruptcy No Bar to Suing Debt Collector under FDCPA
* Distressed Restructurings Down So Far This Year

* BOND PRICING: For Week From October 6 to 10, 2014


                             *********


1058 SOUTHERN BLVD: Section 341(a) Meeting Set for Nov. 11
----------------------------------------------------------
A meeting of creditors in the bankruptcy case 1058 Southern Blvd.
Realty Corp. will be held on Nov. 13, 2014, at 2:30 p.m. at 80
Broad St., 4th Floor, USTM.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

1058 Southern Blvd. Realty Corp., owner and operator of a mixed-
use multi-unit building known as and located at 1054-1058 Southern
Boulevard, 1042 Westchester Avenue, Bronx, New York, sought
bankruptcy protection (Bankr. S.D.N.Y. Case No. 14-12808) on
Oct. 3, 2014.  Miriam Shasho signed the petition as president of
the Debtor.  The Debtor estimated assets of $10 million to $50
million and liabilities of $1 million to $10 million.  The case is
assigned to Judge Robert E. Gerber.  The Debtor has tapped Gerard
R. Luckman, Esq., at SilvermanAcampora, LLP, in Jericho, New York,
as counsel.


ADVANCED MICRO DEVICES: Lisa Su is New Chief Executive Officer
--------------------------------------------------------------
Rory P. Read had stepped down from his positions as president,
chief executive officer and member of Advanced Micro Devices'
Board of Directors, according to a regulatory filing with the U.S.
Securities and Exchange Commission.

The filing stated that the Board and Mr. Read are currently
negotiating a Transition, Separation Agreement and Release.
Effective Oct. 8, 2014, Mr. Read will continue his employment with
the Company in a non-executive role as an advisor through Dec. 31,
2014, when his employment with the Company will end.  Mr. Read
will continue to receive the salary and benefits he currently
receives during this period of time.

On Oct. 8, 2014, the Board appointed Dr. Lisa T. Su as the
Company's president and chief executive officer and as a director
of the Company.

Dr. Su, 44, joined the Company in January 2012 and has served as
senior vice president and chief operating officer since July 1,
2014.  From January 2012 until July 1, 2014, Dr. Su served as
senior vice president and general manager, Global Business Units.
Before joining the Company, Dr. Su served as senior vice president
and general manager, Networking and Multimedia at Freescale
Semiconductor, Inc., a company that designs and manufactures
embedded processors, where she was responsible for global
strategy, marketing, product management and engineering for
Freescale's embedded communications and applications processor
businesses.  Dr. Su joined Freescale in 2007 as chief technology
officer, where she led the Company's technology roadmap and
research and development efforts.  She was promoted to senior vice
president and general manager, Networking and Multimedia in
September 2008.  Before her employment with Freescale, Dr. Su
spent 13 years with IBM in various engineering and business
leadership positions, including Vice President of IBM's
Semiconductor Research and Development Center, responsible for the
strategic direction of IBM's silicon technologies, joint
development alliances and semiconductor R&D operations.  Dr. Su
has served on the board of directors of Analog Devices since June
2012.  Dr. Su holds a bachelor's, master's and doctorate degrees
in electrical engineering from the Massachusetts Institute of
Technology (MIT), has been published in more than 40 technical
publications and was named a Fellow of the Institute of
Electronics and Electrical Engineers (IEEE) in 2009.  Dr. Su was
also named in MIT Technology Review's Top 100 Young Innovators in
2002.

Dr. Su and the Board are currently negotiating the terms of an
employment agreement.  Dr. Su is currently paid an annual base
salary of $650,000.

                    About Advanced Micro Devices

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

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

                          *     *     *

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

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

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


AMERICAN INT'L: Bernanke Says Company Had No Better Offer
---------------------------------------------------------
Aaron M. Kessler, writing for The New York Times' DealBook,
reported that Ben S. Bernanke, former chairman of the Federal
Reserve, testified in the trial over the U.S. government's bailout
of American International Group that the insurance giant didn't
have any better offer.

As previously reported by The Troubled Company Reporter, citing
The Wall Street Journal, Maurice R. "Hank" Greenberg, who built
AIG into a global financial-services powerhouse during nearly 40
years at its helm, is challenging the historic 2008 government
bailout of the company and has asked a federal judge to rule that
the government coerced AIG's board into harsh terms, allegedly
cheating shareholders including Mr. Greenberg in the process.

                           About AIG

With corporate headquarters in New York, American International
Group, Inc., is an international insurance company, serving
customers in more than 130 countries.  AIG companies serve
commercial, institutional and individual customers through
property-casualty networks of any insurer. In addition, AIG
companies are providers of life insurance and retirement services.

At the height of the 2008 financial crisis, AIG experienced a
liquidity crunch when its credit ratings were downgraded below
"AA" levels by Standard & Poor's, Moody's Investors Service and
Fitch Ratings.  AIG almost collapsed under the weight of bad bets
it made insuring mortgage-backed securities.  The Company,
however, was bailed out by the Federal Reserve, but even after an
initial infusion of $85 billion, losses continued to grow.  The
later rescue packages brought the total to $182 billion, making it
the biggest federal bailout in U.S. history.  AIG sold off a
number of its businesses and other assets to pay down loans
received from the U.S. government.


ASPEN GROUP: Has 52.5 Million Shares Resale Prospectus
------------------------------------------------------
Aspen Group, Inc., filed with the U.S. Securities and Exchange
Commission a Form S-1 registration to register 52,570,607 shares
of common stock which may be offered by Alvin Fund LLC,
Charlestown Jupiter Fund LLC, Leon G. Cooperman, et al.

The Company will not receive any proceeds from the sales of shares
of its common stock by the selling shareholders.

The Company's common stock trades on the Over-the-Counter Bulletin
Board under the symbol "ASPU".  As of the last trading day before
Oct. 8, 2014, the closing price of the Company's common stock was
$0.24 per share.

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

                          http://is.gd/aFxrEr

                            About Aspen Group

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

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

Aspen Group incurred a net loss of $5.35 million for the year
ended April 30, 2014.  The Company also reported a net loss of
$1.40 million for the four months ended April 30, 2013.  The
Company reported a net loss of $6 million in 2012 as compared
with a net loss of $2.13 million in 2011.

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


ANACOR PHARMACEUTICALS: Plans to Sell $70 Million Conv. Notes
-------------------------------------------------------------
Anacor Pharmaceuticals, Inc., said it intends to offer, subject to
market and other considerations, $70,000,000 aggregate principal
amount of Convertible Senior Notes due 2021 in a private placement
under the Securities Act of 1933, as amended.  Anacor also intends
to grant to the initial purchasers of the Convertible Notes a 30-
day option to purchase up to an additional $7,000,000 aggregate
principal amount of the Convertible Notes, solely to cover over-
allotments, if any.  In addition, certain funds affiliated with
Venrock Associates, one of Anacor's affiliates, have indicated an
interest in purchasing $12 million aggregate principal amount of
Convertible Senior Notes due 2021 in a concurrent private
placement under the Securities Act.  The Venrock Notes are
expected to be sold at the same price, and constitute part of the
same series, as the Convertible Notes.  The Venrock Funds'
indication of interest is not a binding agreement or commitment to
purchase the Venrock Notes.

Anacor intends to use a portion of the net proceeds of the
offering and the sale of the Venrock Notes to repay in full its
outstanding indebtedness under its loan and security agreement,
and to use the remaining net proceeds for general corporate
purposes.  As of June 30, 2014, $30 million aggregate principal
amount of loans was outstanding under the loan and security
agreement.  In connection with that repayment, Anacor will be
subject to a prepayment fee equal to 2% of the aggregate principal
amount of loans so repaid.

The Convertible Notes will be general unsecured obligations of
Anacor and interest will be paid semiannually.  Subject to
satisfaction of certain conditions and during certain periods, the
Convertible Notes will be convertible at the option of holders
into cash, shares of Anacor common stock or a combination thereof,
at Anacor's election.  The Convertible Notes will not be
redeemable at Anacor's option prior to Oct. 15, 2018.  On or after
Oct. 15, 2018, the Convertible Notes will be redeemable at
Anacor's option if the last reported sale price of Anacor's common
stock for at least 20 trading days in any 30 trading day period
exceeds 130% of the conversion price for the Convertible Notes.
The interest rate, conversion rate and other terms of the
Convertible Notes will be determined at the time of the pricing of
the offering.

                     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.

For the six months ended June 30, 2014, Anacor reported a net
loss of $45.68 million on $7.08 million of total revenues.

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.


AUTOMATED BUSINESS: Bid to Extend Plan Exclusivity Denied as Moot
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Maryland denied as
moot Automated Business Power Inc., et al.'s motion to extend
their exclusive periods to file and solicit acceptances for
Chapter 11 plans.

The Debtors had asked that the Court extend their exclusive
periods to file a Chapter 11 plan until May 6, 2014, and solicit
acceptances of that plan through and until July 6, 2014.

Automated Business Power has already filed a First Amended Plan of
Reorganization dated May 29, 2014.  The Plan provides that the
funds necessary to implement the Plan will be generated from,
among other things, (i) cash receipts from operations; and (ii)
the acquisition by the Debtors of new financing in an amount
sufficient to pay the Class 1 claim in full and if possible, also
the Allowed Classes 2 and 3 Claims.  A copy of the Plan dated May
29, 2014, is available at:

http://bankrupt.com/misc/AutomatedBus_200_194_Suppdoc_1stAplan.pdf

Bankruptcy Judge Wendell I. Lipp, according to an amended order
and notice of hearing, was scheduled to convene a hearing Sept.
17, 2014, to consider adequacy of information in the Disclosure
Statement explaining Automated Business Power's First Amended
Plan.

The Debtors later filed a revised Disclosure Statement for their
Second Amended Plan of Reorganization.  The amended Plan contains
changes necessitated by Court Orders in connection with hearings
held on September 17, and agreements reached between the Debtors
and certain creditors.

                 About Automated Business Power

Military supplier Automated Business Power, Inc., and Automated
Business Power Holding Co. filed their Chapter 11 petitions
(Bankr. D. Md. Case Nos. 13-27123 and 13-27125) on Oct. 8, 2013.

Automated Business Power has been engaged in the design and
production of advanced filed deployable uninterruptible power
supplies, AC-to-DC power supplier, DC-to-DC converters,
uninterruptible power systems, Power/Voice/Data cases, speakers,
speaker/voice systems and ancillary equipment tactical
transceivers, power amplifiers, SATCOM, and other communications
equipment.

The petitions were signed by Daniel Akman as president.  The
Debtors estimated assets of at least $50 million and liabilities
of at least $10 million.

The Debtor is represented by Nelson C. Cohen, Esq., at Zuckerman
Spaeder LLP, in Washington, D.C.  The Debtor tapped Dickinson
Wright and Michael R. Holzman as Special ESOP Plan Counsel.

PNC Bank is represented by James M. Smith, Esq., and Lisa Bittle
Tancredi, Esq., at Gebhardt & Smith LLP.


AUTOMATED BUSINESS: Court Okays Outline for 2nd Amended Plan
------------------------------------------------------------
Automated Business Power, Inc. and Automated Business Power
Holding Co. filed with the U.S. Bankruptcy Court for the District
of Maryland a Disclosure Statement for all holders of Claims
against or Interests in the Debtors, as a prerequisite to
soliciting acceptances to their Second Amended Plan of
Reorganization.

The amended Plan contains changes necessitated by Court Orders in
connection with hearings held on September 17, 2014, and
agreements reached between the Debtors and certain creditors.
Following that hearing, on September 25, the Court authorized the
transmittal of conditionally approved Disclosure Statement and the
Court fixed the times for filing objections to Plan and
acceptances or rejections of the Plan.  The Court also authorized
the Plan Sponsor to solicit acceptances and rejections of the Plan
based upon the conditionally approved Disclosure Statement.

In the September 25 order, the Court fixed November 4, 2014, as
the last day for filing and serving written objections to the
conditionally approved Disclosure Statement or confirmation of the
Plan.  November 4 is also fixed as the last day for filing written
acceptances or rejections of the Plan.

Under the Plan, the Debtors designate these Classes of Claims and
Interests:

   * Class 1.  Class 1 consists of the Allowed Secured Claim of
     PNC Bank;

   * Class 2.  Class 2 consists of Allowed Unsecured Claims of
     Halevy pursuant to the Automated Business Holding Co. Note;

   * Class 3.  Class 3 consists of all other general unsecured
     claims; and

   * Class 4.  Class 4 consists of all Interests held in the
     Debtors.

The funds necessary to implement the Plan will be generated from,
among other things, (i) Cash Receipts from Operations; and (ii)
the acquisition by the Debtors of new financing in an amount
sufficient to pay the Class 1 Claim in full and, if possible, also
the Allowed Class 2 Claim and Allowed Class 3 Claims.

The hearing on confirmation of the Plan is currently scheduled for
December 17, 2014, at 10:00 a.m. prevailing Eastern Time.
Objections to confirmation are due on November 4.

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

     http://bankrupt.com/misc/AutomatedBusiness_2ndAmdDS.pdf

                 About Automated Business Power

Military supplier Automated Business Power, Inc., and Automated
Business Power Holding Co. filed their Chapter 11 petitions
(Bankr. D. Md. Case Nos. 13-27123 and 13-27125) on Oct. 8, 2013.

Automated Business Power has been engaged in the design and
production of advanced filed deployable uninterruptible power
supplies, AC-to-DC power supplier, DC-to-DC converters,
uninterruptible power systems, Power/Voice/Data cases, speakers,
speaker/voice systems and ancillary equipment tactical
transceivers, power amplifiers, SATCOM, and other communications
equipment.

The petitions were signed by Daniel Akman as president.  The
Debtors estimated assets of at least $50 million and liabilities
of at least $10 million.

The Debtor is represented by Nelson C. Cohen, Esq., at Zuckerman
Spaeder LLP, in Washington, D.C.  The Debtor tapped Dickinson
Wright and Michael R. Holzman as Special ESOP Plan Counsel.

PNC Bank is represented by James M. Smith, Esq., and Lisa Bittle
Tancredi, Esq., at Gebhardt & Smith LLP.


AUXILIUM PHARMACEUTICALS: S&P Puts 'CCC+' CCR on Watch Positive
---------------------------------------------------------------
Standard & Poor's Ratings Services placed its 'CCC+' corporate
credit rating on Auxilium Pharmaceuticals Inc. and the 'B-' issue-
level rating on the company's senior secured debt CreditWatch with
positive implications.

The rating action is in response to the announcement that the
company has accepted the offer by Endo International Plc to
acquire Auxilium for $2.6 billion.  The transaction would be
financed with a mix of stock, debt, and cash on hand.  Endo will
assume and subsequently repay Auxilium's debt upon completion of
the deal.

"The rating action reflects Auxilium's potential for higher
issuer- and issue-level ratings as a part of the consolidated
entity once the acquisition is completed," said Standard & Poor's
credit analyst Maryna Kandrukhin.  "While the 'BB-' corporate
credit rating on Endo remains on CreditWatch with negative
implications, due mainly to the significant amount of debt to be
incurred in its proposed acquisition of Auxilium, we still believe
there is the potential for a higher issue-level rating."

Upon the completion of the transaction, Standard & Poor's expects
to resolve the CreditWatch listings to reflect the final ratings
on the consolidated entity and its debt.  Subsequently, the
ratings on Auxilium will be withdrawn upon retirement of the
issue.


AUXIUM PHARMACEUTICALS: To Be Acquired by Endo for $2.6 Billion
---------------------------------------------------------------
Endo International plc and Auxilium Pharmaceuticals, Inc.,
announced that they have entered into a definitive agreement under
which Endo will acquire all of the outstanding shares of common
stock of Auxilium for a per share consideration of $33.25 in a
cash and stock transaction.

The boards of directors of both companies have unanimously
approved the transaction, which is valued at $2.6 billion,
including the repayment and assumption of debt.  The transaction
will include an election mechanism for Auxilium stockholders to
elect cash and stock, all-stock or all-cash consideration, subject
to proration in accordance with the terms of the definitive
agreement.

The per share consideration represents a premium of 55 percent to
Auxilium's closing price on Sept. 16, 2014, the day Endo made
public its proposal for Auxilium.  Subject to aggregate cash and
equity consideration limits, Auxilium stockholders may elect one
of three options with respect to transaction consideration: 100
percent equity which equates to 0.488 Endo shares per Auxilium
share, 100 percent cash which equates to $33.25 per Auxilium share
or a standard election of an equal mix of $16.625 in cash and
0.244 Endo shares per Auxilium share.  The total cash
consideration will not exceed 50 percent of the total equity value
and the equity consideration will not exceed 75 percent of the
total equity value.

"We are pleased to have reached this agreement with Auxilium,
which we believe will create value for both Endo and Auxilium
shareholders, as well as for patients, customers and employees,"
said Rajiv De Silva, president and chief executive officer of
Endo.  "By adding Auxilium's complementary commercial portfolio,
we believe this transaction is aligned with our strategy of
pursuing accretive, value creating growth opportunities.  We
intend to leverage Auxilium's leading presence in men's health, as
well as our R&D capabilities and financial resources to accelerate
the growth of XIAFLEX(R) and Auxilium's other products.  We look
forward to working with the Auxilium team to achieve the growth
and synergy potential of this compelling strategic combination."

Adrian Adams, chief executive officer and president of Auxilium
said, "We are proud of the work Auxilium has done to develop a
portfolio of important products that are improving the lives of
patients to create significant stockholder value.  We believe this
transaction is the culmination of those efforts.  On behalf of the
Auxilium Board and management team, I want to thank our dedicated
employees, engaged partners and strategic advisors for their
continued hard work and commitment, which have been instrumental
in building Auxilium into the diversified specialty
biopharmaceutical company it is today."

Immediately prior to the entering into the merger agreement with
Endo, Auxilium terminated its proposed merger agreement with QLT,
Inc., in accordance with the terms of the QLT merger agreement.

Endo intends to fund the cash portion of the transaction through a
combination of existing cash on hand and committed debt financing
from Citi.

The transaction is expected to close in the first half of 2015 and
is subject to the approval of Auxilium's stockholders, regulatory
approval in the U.S. and certain other jurisdictions, and other
customary closing conditions.

Citi served as financial advisor to Endo, Lazard provided an
independent fairness opinion and Sullivan & Cromwell LLP served as
legal advisor.  Deutsche Bank served as lead financial advisor,
Morgan Stanley served as financial advisor and Willkie Farr &
Gallagher LLP and Morgan, Lewis & Bockius served as legal advisors
to Auxilium.

A copy of the Agreement and Plan of Merger is available for free
at http://is.gd/bNuZOA

                      Rights Agreement Amendment

The Company entered into Amendment No. 1, dated Oct. 8, 2014, to
the Rights Agreement, dated Sept. 17, 2014, by and between the
Company and Broadridge Corporate Issuer Solutions, Inc., as Rights
Agent.  The Rights Agreement Amendment provides that the Merger
Agreement and related transactions, including the consummation of
the Merger and any related transactions, will not cause the Rights
to become exercisable or cause any of the other protective
features afforded to the Company under the Rights Agreement to
come into effect.  Under the Rights Agreement Amendment, no party
to the Merger Agreement or the related transactions will be deemed
to be the Beneficial Owner of any common shares held by any other
party, solely by virtue of the approval, execution, delivery, or
the existence of the Merger Agreement or the related transactions
or the performance of that party's rights and obligations under
the Merger Agreement or the related transactions.  The Rights
Agreement Amendment further provides that all Rights established
under the Rights Agreement will automatically expire immediately
prior to the closing of the Merger.

                           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.


BATE LAND: Has Until January 1, 2015 to Obtain Plan Confirmation
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of North
Carolina extended the deadline for Bate Land & Timber LLC to
obtain confirmation of its Chapter 11 plan of reorganization until
January 1, 2015.

                    About Bate Land & Timber

Willotte, North Carolina-based Bate Land & Timber, LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D.N.C. Case No. 13-04665) on July 25, 2013.  Judge Stephani W.
Humrickhouse oversees the Chapter 11 case.

The Debtor, in amended schedules, disclosed $53,477,624 in assets
and $74,162,211 liabilities as of the Chapter 11 filing.  The
petition was signed by Brad Cheers, manager.

The Bankruptcy Administrator for the Eastern District of North
Carolina was unable to organize and recommend the appointment of a
committee of creditors holding unsecured claims against the
Debtor.


BATE LAND: Wants BLC's Supplemental Brief Against Plan Stricken
---------------------------------------------------------------
Bate Land & Timber, LLC, asks the U.S. Bankruptcy Court for the
Eastern District of North Carolina to strike the memorandum of law
in support of objections to confirmation of Amended Plan of
Reorganization and Bate Land Company L.P.'s summary of testimony
in opposition to confirmation of the Plan of Reorganization filed
by Bate Land Company, LP.

Representing the Debtor, George Mason Oliver, Esq., at
Oliver Friesen Cheek, PLLC, in New Bern, North Carolina --
gmo@ofc-law.com -- contends that the BLC Supplemental Brief is
outside the scope of what was requested by the Court and raises
new issues not discussed or mentioned in any previous court
hearing or filing in the bankruptcy case.  He asserts that BLC
does not even attempt to hide that its pleading was not limited to
the "legal issues" as provided in the August 12 Order, for it
entitles its brief "Supplemental Memorandum of Law in Support of
Objections to Confirmation of Amended Plan of Reorganization and
Bate Land Company, L.P.'s Summary of Testimony in Opposition to
Confirmation of Plan of Reorganization."

Whole sections of the BLC Supplemental Brief are a rehashing of
BLC's earlier-filed Summary of Testimony and it inappropriately
includes many arguments that were not made in BLC's original
Summary of Testimony opposing the Plan filed at the close of the
evidence on June 9, 2014, Mr. Oliver contends.  He adds among
other things, that BLC Supplemental Brief discusses many cases
from all over the country not previously cited and analyzes the
Swartville and Eng cases, both of which are distinguishable and
decided before the close of evidence in this case.

                          BLC Responds

The BLC Supplemental Brief complies with the Court order, which
invited parties to submit supplemental briefs relating to
unresolved legal issues, BLC contends.  As a result, BLC argues,
the BLC Supplemental Brief may not be stricken from the record,
and the Motion to Strike must be denied.

                    About Bate Land & Timber

Willotte, North Carolina-based Bate Land & Timber, LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D.N.C. Case No. 13-04665) on July 25, 2013.  Judge Stephani W.
Humrickhouse oversees the Chapter 11 case.

The Debtor, in amended schedules, disclosed $53,477,624 in assets
and $74,162,211 liabilities as of the Chapter 11 filing.  The
petition was signed by Brad Cheers, manager.

The Bankruptcy Administrator for the Eastern District of North
Carolina was unable to organize and recommend the appointment of a
committee of creditors holding unsecured claims against the
Debtor.


BESRA GOLD: Misses Filing Deadline; Applies for MCTO
----------------------------------------------------
Besra Gold Inc. on Oct. 9 disclosed that, further to its news
release of September 17, 2014, it has failed to file its annual
filings within the required deadline.

Besra's audited annual financial statements for the year ended
June 30, 2014, including the related management discussion and
analysis, and chief executive officer and chief financial officer
certifications, were not filed by the required filing deadline of
September 29, 2014.  Due to its previously disclosed financial
difficulties, Besra has been unable to engage its external
auditors to perform the required audit of its annual financial
statements.

As announced in a separate news release issued on Oct. 9, the
Company has entered into an investment agreement with George
Molyviatis that will see between CAD$10 and $15 million injected
into the company by December 17, 2014.  A portion of the funds
from the investment transaction will be applied towards rectifying
the Company's filing default as soon as possible.  Based on
discussions with its auditors, the Filer believes that from the
time of engagement of the auditors, it will take approximately 70
days to audit and file the annual financial statements and related
filings.

The company has filed an application with the Ontario Securities
Commission (OSC), as its principal regulator, for a management
cease trade order, in accordance with National Policy 12-203 --
Cease Trade Orders For Continuous Disclosure Defaults (NP 12-203).
If approved, this application would give the company extra time to
complete its financing, engage its auditors, complete the audit
and file its annual financials without a full cease trade order
being issued.

Until the annual financial filings have been filed, the company
intends to continue to satisfy the provisions of the alternative
information guidelines under Policy Statement 12-203 by issuing
default status reports every two weeks in the form of further
press releases, which will also be filed on SEDAR.

                     About Besra Gold Inc.

Besra Gold Inc. -- http://www.besra.com-- is a diversified gold
mining company focused on the exploration, development and mining
of mineral properties in South East Asia.  The Company has four
key properties; the Bau Goldfield in East Malaysia, Bong Mieu and
Phuoc Son in Central Vietnam, and Capcapo in the Philippines.
Besra expects to expand existing gold capacity in Vietnam over the
next two years and is projecting new production capacity from the
Bau gold project during 2016.


BFC MANAGEMENT: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: BFC Management Company
        19245 W. Eight Mile Road
        Detroit, MI 48219

Case No.: 14-55862

Chapter 11 Petition Date: October 9, 2014

Court: United States Bankruptcy Court
       Eastern District of Michigan (Detroit)

Judge: Hon. Mark A. Randon

Debtor's Counsel: Mark H. Shapiro, Esq.
                  STEINBERG SHAPIRO & CLARK
                  25925 Telegraph Rd., Suite 203
                  Southfield, MI 48033-2518
                  Tel: (248) 352-4700
                  Fax: (248) 352-4488
                  Email: shapiro@steinbergshapiro.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Masoud Sesi, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mieb14-55862.pdf


CAESARS ENTERTAINMENT: SVP and Chief Accounting Officer Quits
-------------------------------------------------------------
Diane Wilfong resigned as senior vice president, controller and
chief accounting officer of Caesars Entertainment Corporation to
accept a position with another company.  Her resignation will be
effective on Oct. 31, 2014, according to a regulatory filing with
the U.S. Securities and Exchange Commission.

The Company said it has identified a successor and expects to make
an announcement shortly.

                   About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.
-- http://www.caesars.com/-- is one of the world's largest casino
companies.  Caesars casino resorts operate under the Caesars,
Bally's, Flamingo, Grand Casinos, Hilton and Paris brand names.
The Company has its corporate headquarters in Las Vegas.

Harrah's announced its re-branding to Caesar's in mid-November
2010.

Caesars Entertainment reported a net loss of $2.93 billion in
2013, as compared with a net loss of $1.50 billion in 2012.  As of
June 30, 2014, the Company had $27.06 billion in total assets,
$29.64 billion in total liabilities and a $2.57 billion
total deficit.

                           *     *     *

As reported by the TCR on April 9, 2013, Moody's Investors Service
downgraded Caesars Entertainment Corporation's Corporate Family
Rating to Caa2.

"The downgrade of Caesars' ratings considers that its same store
EBITDA growth in 2012-2013 has failed to materialize to any
significant degree, and so Caesars' credit metrics have
deteriorated and its free cash flow deficit will be higher than
Moody's previous expectations," stated Moody's analyst Peggy
Holloway.

In the April 10, 2014, edition of the TCR, Standard & Poor's
Ratings Services lowered its corporate credit ratings on Las
Vegas-based Caesars Entertainment Corp. (CEC) and wholly owned
subsidiaries, Caesars Entertainment Operating Co. (CEOC) and
Caesars Entertainment Resort Properties (CERP), as well
as the indirectly majority-owned Chester Downs and Marina, to
'CCC-' from 'CCC+'.  The downgrade reflects S&P's expectation that
Caesars' capital structure is unsustainable, and the amount of
cash the company will burn in 2014 and 2015 creates conditions
under which S&P believes a restructuring of some form is
increasingly likely over the near term absent an unanticipated
significantly favorable change in operating performance.

As reported by the TCR on May 1, 2014, Fitch Ratings had
downgraded the Issuer Default Ratings (IDRs) of Caesars
Entertainment Corp (CEC) and Caesars Entertainment
Operating Company (CEOC) to 'CC' from 'CCC'.


CHIQUITA BRANDS: S&P Affirms 'B' CCR, Alters Outlook to Developing
------------------------------------------------------------------
Standard & Poor's Ratings Services revised its rating outlook on
Chiquita Brands International Inc. to developing from positive.
At the same time, S&P affirmed its 'B' corporate credit rating on
the company.

In addition, S&P affirmed the 'B' rating on the company's senior
secured notes due 2021.  The recovery rating remains '3',
indicating S&P's expectation for meaningful (50% to 70%) recovery
in the event of a payment default.  S&P also affirmed its 'CCC+'
rating on the company's unsecured convertible senior notes due
2016.  The recovery rating remains '6', indicating S&P's
expectation for negligible (0% to 10%) recovery in the event of a
payment default.

"The outlook revision reflects the possibility of either a higher
or lower rating following Chiquita's shareholders' decision
regarding the potential sale or merger of the company," said
Standard & Poor's credit analyst Jeff Burian.  "The corporate
credit rating and issue-level ratings could potentially benefit
from operational synergies or capital structure changes resulting
from a ChiquitaFyffes merger.  Alternatively, these ratings could
be weakened by capital structure changes resulting from a
leveraged acquisition."

S&P's rating on Chiquita reflects the company's participation in
the competitive, seasonal, commodity-oriented, and volatile fresh
produce industry, which is subject to political and economic
risks, as well as its product concentration in banana sales.
These factors support S&P's "weak" business risk assessment.
S&P's business risk assessment also incorporates the benefits of
Chiquita's geographic and customer diversification, strong market
positions, and well-recognized brand name, in addition to S&P's
view of the agriculture and commodity food industry's
"intermediate" risk and Chiquita's "low" country risk.

S&P's ratings also reflect the company's history of credit measure
volatility stemming primarily from significant swings in earnings
despite its recent track-record of maintaining leverage below 5x.
S&P estimates the ratios of adjusted total debt to EBITDA and
funds from operations (FFO) to total debt totaled 4.7x and 10.8%,
respectively, for the 12 months ended June 30, 2014.  Although
these ratios weakened somewhat from a year earlier, they compare
favorably to the indicative ratio ranges for a "highly leveraged"
financial risk profile, which include a leverage ratio greater
than 5x and a ratio of FFO to debt of less than 12%.  Still, S&P
continues to view Chiquita's financial risk profile as "highly
leveraged" because it believes leverage may exceed 5x during
weaker earnings cycles.


CONSOL ENERGY: S&P Retains 'BB' Corporate Credit Rating
-------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its
'BBB-' issue-level rating and '1' recovery rating to Canonsburg,
Pa.-based Consol Energy Inc.'s $2 billion senior secured revolving
credit facility, which expires on June 18, 2019.  S&P's '1'
recovery rating indicates very high (90% to 100%) recovery in the
event of a payment default.  The company's 'BB' corporate credit
and senior unsecured debt ratings remain unaffected.

The ratings on Consol reflect S&P's view of the company's business
risk profile as "fair" and financial risk profile as
"significant."  S&P estimates that debt to EBITDA will average
less than 4x during the next few years and interest coverage will
average more than 3x, measures that are consistent with a
significant financial risk profile.  Although S&P acknowledges
that credit measures are likely to remain outside of its
expectation for the 'BB' rating in 2014, S&P expects that the
rapid build out of its natural gas business, supported by its
cost-competitive coal operations, will bring credit measures
within S&P's expectations in 2015.

Ratings List

Consol Energy Inc.
Corporate Credit Rating                      BB/Stable/--

New Ratings

Consol Energy Inc.
$2 bil sr sec revolv cred fac due 2019      BBB-
  Recovery Rating                            1


COUTURE HOTEL: Files for Chapter 11 to Restructure Debt
-------------------------------------------------------
Couture Hotel Corporation, owner of the Wyndham Garden Inn in
Dallas, Texas, the Howard Johnson hotel in Corpus Christi, Texas,
the Howard Johnson in Las Vegas, Nevada, and the former Value
Place hotel in Las Vegas, Nevada, sought bankruptcy protection
after a receiver was appointed for its Las Vegas hotels.

"Although the Debtor's hotels have operated successfully, with the
Debtor generally current on their various obligations, there have
been many unforeseen challenges that have jeopardized operations,
including: major construction on I-635 near the Dallas Hotel;
failure of the United States Air Force to issue contracts for the
Las Vegas Hotels; numerous deaths and other personal losses in the
families of the stockholders; and failure of the elevator
operators to complete work and facilitate re-openings after the
Hotels were remodeled.  Of course, the Hotels have also felt the
effect of an overall economy that has yet to completely recover
from a recession, an overall downturn in the economy of the hotel
industry and hotel branding issues," proposed counsel to the
Debtor, Mark S. Toronjo, Esq., at Toronjo & Prosser Law, explains
in a court filing.

"In addition, all of the Debtor's primary secured obligations have
matured and accelerated, and most of the Debtor's various lenders
have refused to sufficiently extend the terms of the Debtor's
obligations or otherwise restructure the Debtor's secured
obligations."

According to Mr. Toronjo, the Debtor and its secured lender on the
Las Vegas Hotels, Armed Forces Bank, N.A. were unable to reach an
agreement that would resolve Debtor's default under the note and
other accompanying loan documents.  Consequently, Armed Forces
sought appointment of a receiver of real estate on the Las Vegas
Hotels.  By order of the District Court of Clark County, Nevada,
dated Sept. 10, 2014, Smiling Hospitality Inc. was appointed as
receiver.  The appointment of a receiver, particularly the
exorbitant management fees paid to the appointed receiver, will
trigger a domino effect that will likely shut down the Las Vegas
hotels altogether.  This, combined with a present inability to
refinance their obligations in light of market conditions, forced
the Debtor to seek bankruptcy protection in order to restructure
its debts, reorganize its businesses, preserve going concerns, and
maximize the returns for all creditors and shareholders.

                        About Couture Hotel

Couture Hotel Corporation owns and operates four hotels: a Wyndham
Garden Inn in Dallas, Texas, consisting of 356 rooms and remodeled
in 2013; a Howard Johnson in Corpus Christi, Texas, consisting of
140 rooms and remodeled in 2012; a Howard Johnson in Las Vegas,
Nevada, consisting of 110 rooms and remodeled in 2012; and an
independent hotel in Las Vegas, Nevada (formerly branded as a
Value Place), consisting of 121 rooms and also remodeled in 2012.
The Las Vegas hotels are located at one of the entrances to Nellis
Air Force base in North Las Vegas.  The Debtor owns the real
property and improvements, as well as the franchise rights to the
hotels (except for Las Vegas Value Place).

The Company sought Chapter 11 protection (Bankr. N.D. Tex. Case
No. 14-34874) in Dallas, Texas, on Oct. 7, 2014.  The case is
assigned to Judge Barbara J. Houser.  The Debtor has tapped Mark
Sean Toronjo, Esq., at Toronjo & Prosser Law, as counsel.

The Debtor estimated assets and debt in the range of $10 million
to $50 million as of the bankruptcy filing.


COUTURE HOTEL: Seeks to Use Creditors' Cash Collateral
------------------------------------------------------
Couture Hotel Corporation, owner of four hotels in Texas and
Nevada, sought bankruptcy protection and immediately filed
emergency motions for interim authority to use cash collateral of
Armed Forces Bank, N.A., Mansa Capital, LLC, and Ability Insurance
Company.

The Debtor wants the Court to authorize the use of cash collateral
on an emergency, interim basis, for the period from the Petition
Date to approximately Nov. 4, 2014, or such other date that occurs
after the Court holds the final hearing on its request to use cash
collateral.

The Debtor is aware that Armed Forces claims an interest in
various types of property that would constitute cash collateral on
account of: (a) a Promissory Note and Loan Agreement dated Sept.
30, 2011, and executed in favor of Armed Forces in the original
principal of $6,650,000; (b) a Deed of Trust, Assignment of Rents,
and Security Agreement dated Sept. 30, 2011, and allegedly
properly recorded against the Las Vegas Hotels.

The Debtor believes that Mansa may claim interests in Cash
collateral pursuant to a Promissory Note and Loan Agreement dated
July 3, 2013, and executed in favor of Mansa in the original
principal amount of $8,870,000; and (ii) a Deed of Trust,
Assignment of Rents, and Security Agreement dated July 5, 2013 and
allegedly properly recorded against the Dallas Hotel, securing the
Debtor's obligations under the Note.

The Debtor believes that Ability may claim interests in cash
collateral pursuant (i) a Promissory Note and Loan Agreement dated
June 11, 2013, and executed by the Debtor in favor of Southwest
Guaranty Mortgage Corp. (simultaneously transferred to Ability) in
the original principal amount of $3,200,000; and (ii) those
certain Deed of Trust, Assignment of Rents, and Security Agreement
dated June 11, 2013 and allegedly properly recorded against the
Corpus Hotel, securing the Debtor's obligations under the Note.

Although the Debtor was not current on its obligations prior to
the Petition Date, the Debtor believes this bankruptcy
reorganization will help generate positive cash flow post-petition
as the Hotels continue to stabilize.  The Debtor notes that the
Las Vegas Hotels have a projected stabilized value of $13,100,000,
which far exceeds the principal balance of the Armed Forces loan.
The Dallas Hotel has a projected stabilized value of $29,300,000,
which far exceeds the principal balance of the Mansa loan. The
Corpus Hotel has a projected stabilized value of $7,100,000, which
far exceeds the principal balance of the Ability loan.

Nonetheless, the Debtor is prepared to commit itself to a budget,
and to agree to a super-priority claim under section 507(b), as
well as replacement liens in post-petition assets, all to the
extent of any actual diminution in the value of cash collateral.

Mark S. Toronjo, Esq., at Toronjo & Prosser Law, explains that the
Debtor has an immediate, urgent, and ongoing need for the use of
its present and future cash.  Among other things, the Debtor has
ongoing obligations to: (i) pay for employees; (ii) pay for
purchases of food and beverage; (iii) pay for upkeep, maintenance,
and cleaning of the Hotels; (iv) pay franchise fees; (v) pay for
utilities; (vi) pay for security related services; (vii) pay for
taxes; (viii) pay for the costs of their reorganization efforts,
including professional fees and US Trustee fees; (ix) potentially
pay management fees; and (x) pay for all of the various goods and
services necessary to operate and run the Hotels.  Without paying
for the same, the Debtor would not be able to keep the Hotels
open, would be in violation of franchise agreements and numerous
local laws and ordinances, and would have no ability to
reorganize.

                        About Couture Hotel

Couture Hotel Corporation owns and operates four hotels: a Wyndham
Garden Inn in Dallas, Texas, consisting of 356 rooms and remodeled
in 2013; a Howard Johnson in Corpus Christi, Texas, consisting of
140 rooms and remodeled in 2012; a Howard Johnson in Las Vegas,
Nevada, consisting of 110 rooms and remodeled in 2012; and an
independent hotel in Las Vegas, Nevada (formerly branded as a
Value Place), consisting of 121 rooms and also remodeled in 2012.
The Las Vegas hotels are located at one of the entrances to Nellis
Air Force base in North Las Vegas.  The Debtor owns the real
property and improvements, as well as the franchise rights to the
hotels (except for Las Vegas Value Place).

The Company sought Chapter 11 protection (Bankr. N.D. Tex. Case
No. 14-34874) in Dallas, Texas, on Oct. 7, 2014.  The case is
assigned to Judge Barbara J. Houser.  The Debtor has tapped Mark
Sean Toronjo, Esq., at Toronjo & Prosser Law, as counsel.

The Debtor estimated assets and debt in the range of $10 million
to $50 million as of the bankruptcy filing.


COUTURE HOTEL: AFB Opposes Return of Las Vegas Hotels to Debtor
---------------------------------------------------------------
Armed Forces Bank, N.A., is asking the U.S. Bankruptcy Court for
the Northern District of Texas not to require the receiver
appointed for debtor Couture Hotel Corporation's two hotels in Las
Vegas to turn over control of the hotels to the Debtor's
management.

Megan M. Adeyemo, Esq., at Gordon & Rees LLP, narrates that one
month ago, a Nevada state court appointed a receiver, over the
objection of Debtor, to operate the Las Vegas hotels owned by the
Debtor and control the revenues therefrom.  These hotels serve as
collateral for a $7 million loan from AFB. Since its appointment,
the receiver has learned several troubling facts about the manner
and methods by which the Debtor did business at those hotels.
Revenues from the hotels were diverted from use at the hotels or
in payment of the debt they secured even after Debtor's license to
collect the revenues was revoked.  One of the hotels lost its
franchise, yet continued to operate using the franchisor's logo
and branded goods and the franchisor for the other hotel cancelled
use of its reservation system. Rooms were occupied rent free by
insider's relatives who were of marginal productivity.  Financial
records were not kept in compliance with the industry standards.
Moreover, the Debtor has proposed a postpetition cash collateral
budget which contains mathematical errors materially relevant to
the feasibility of the adequate protection purportedly offered to
AFB.

For these reasons, AFB moves the Bankruptcy Court to permit the
receiver to remaining possession of the hotel property by excusing
the receiver from compliance with general requirement that the
Property be turned over to the Debtor pursuant to 11 U.S.C .Sec.
543(d).

AFB tells the Court that since the inception of the receivership,
AFB has provided the necessary working capital to the receiver to
cover the shortfall in funds necessary to operate the Hotels in a
business-like manner.  However, AFB will not provide financing
should the Property be returned to the Debtor's possession and it
is similarly unlikely that the franchisors will agree to continue
the reservation system availability to the Hotels in that event.

According to AFB, in contrast to the Debtor, the Receiver is an
affiliate of a global real estate business which has successfully
operated a large number of hotels.  In this case, since its
appointment, the Receiver has contacted the known vendors and
arranged for payment of past due bills to ensure continued
operation of the hotels.  The Receiver has responded to the
cancellation notice from Howard Johnson's and employed the
Receiver's pre-existing relationship with the franchisor to
restore reservation service.  The Receiver has also obtained a
commitment from Value Place to reinstate the franchise in the
Receiver's name.  The Receiver has also interviewed the hotel
personnel and made employment decisions for continued operations.
Turnover to the Debtor would reverse these positive developments
and result in unnecessary costs to the estate and risks to the
value of the Property.

Ms. Adeyemo argues that continuation of the receivership is
warranted as the Debtor's reorganization is not likely because the
Debtor cannot feasibly propose a plan to meet the requirements of
Section 1129.  The Debtor cannot show that it can repay a note
confirmable under Section 1129(b) over AFB's rejection of such
treatment.  The Debtor cannot sell the Property for a price
sufficient to satisfy the secured claim and the Debtor has no
other unencumbered property known to AFB to provide as an
indubitable equivalent.

AFB's counsel can be reached at:

         Megan M. Adeyemo, Esq.
         Sona J. Garcia, Esq.
         GORDON & REES LLP
         2100 Ross Avenue, Suite 2800
         Dallas, TX
         Telephone: (214) 231-4660
         Facsimile: (214) 461-4053

                        About Couture Hotel

Couture Hotel Corporation owns and operates four hotels: a Wyndham
Garden Inn in Dallas, Texas, consisting of 356 rooms and remodeled
in 2013; a Howard Johnson in Corpus Christi, Texas, consisting of
140 rooms and remodeled in 2012; a Howard Johnson in Las Vegas,
Nevada, consisting of 110 rooms and remodeled in 2012; and an
independent hotel in Las Vegas, Nevada (formerly branded as a
Value Place), consisting of 121 rooms and also remodeled in 2012.
The Las Vegas hotels are located at one of the entrances to Nellis
Air Force base in North Las Vegas.  The Debtor owns the real
property and improvements, as well as the franchise rights to the
hotels (except for Las Vegas Value Place).

The Company sought Chapter 11 protection (Bankr. N.D. Tex. Case
No. 14-34874) in Dallas, Texas, on Oct. 7, 2014.  The case is
assigned to Judge Barbara J. Houser.  The Debtor has tapped Mark
Sean Toronjo, Esq., at Toronjo & Prosser Law, as counsel.

The Debtor estimated assets and debt in the range of $10 million
to $50 million as of the bankruptcy filing.


CRUMBS BAKE SHOP: Celebrates Grand Re-Opening on October 14
-----------------------------------------------------------
Crumbs Bake Shop, a popular specialty retail chain, is celebrating
its grand re-opening on Tuesday, Oct. 14, at 1385 Broadway
(between 37/38th) in New York, beginning at 7:30 am, under the
direction of Marcus Lemonis, entrepreneur and host of CNBC's hit
reality series The Profit, and Fischer Enterprises, owner of
Dippin' Dots, LLC and Doc Popcorn, LLC.  Lemonis and Fischer
Enterprises formed a joint venture, Lemonis Fischer Acquisition
Company, LLC, to save the bake shop from closing its doors last
July when it was on the heels of bankruptcy, and initiated plans
for the bake shop to not only re-open its doors, but to put a
process in place to diversify the brand and bring new products to
the mass market, including a new cookie line, ice cream products
and a chocolate bar among other confectionary items.

"Saving this iconic bake shop was important to me not only because
of its existing delicious products, but because there is a
tremendous opportunity to expand product offerings so that every
sweet lover can find something they'll enjoy," said Mr. Lemonis.
"We'll be leveraging collaborations between Crumbs and other
companies in my portfolio in the coming months to introduce a wide
variety of treats that consumers across the country will have
access to."

"We are thrilled to be able to follow through on our promise by
reopening the first of several Crumbs Bake Shop retail locations,"
said Scott Fischer, C.O.O., Fischer Enterprises.  "We believe we
have found a winning formula by combining the beloved Crumbs
cupcakes with an exciting new mix of products.  The revamped
Crumbs concept should appeal to both the existing Crumbs customer
base and anyone looking for a great sweet or snack option."

Mr Lemonis will appear at the Oct. 14 grand re-opening celebration
at 12:45 p.m., where customers will have the opportunity to sample
many popular favorites Crumbs cupcakes, including Red Velvet,
Carrot Cake and Cookies & Cream.  Customers can expect a new,
modern experience at the renovated facility which has been
repainted and now features a new merchandising cooler installed
for showcasing its frozen dessert product offerings.  While all of
the traditional Crumbs classic cupcakes will be available for
sampling and purchasing, a few new flavors that have already been
added to the menu including a Sweet Pete's Salted Caramel
Chocolate Cupcake and a Key West Key Lime Pie Cupcake will also be
available.  Additionally, Crumbs will now offer a variety of
cupcakes, cookies and brownies as gluten-free and will be
featuring the already popular Crumbnut, a doughnut-croissant
hybrid, and the new Baissant, which is a combination of the bagel
and croissant.

Plans are in place for Crumbs to re-open an additional 25
locations in the next 30 days in major metropolitan areas
including Boston, Chicago, Los Angeles, Newark, DE, New York and
Washington, DC.  Store re-openings will be announced in the coming
weeks online and via social media, and online ordering will be
available at the newly revamped www.Crumbs.com website on
Oct. 14 as well.

Mr. Lemonis continued, "We received feedback from so many
customers that were disappointed in the closing of this iconic
brand. Through restructuring the business, we believe we will be
able to transition the brand from just a cupcake shop to a sweets
and snacks destination."

For more information regarding Crumbs Bake Shop, or to purchase
goods online, visit www.Crumbs.com and tune into CNBC Tuesday's at
10:00 p.m./ ET/PT to watch Mr. Lemonis as he saves struggling
businesses on The Profit.

                   About Fischer Enterprises

Fischer Enterprises is a privately held investment company based
in Oklahoma City, Oklahoma, and is the owner of frozen treat maker
Dippin' Dots, L.L.C., and kettle-cooked popcorn innovator Doc
Popcorn, LLC, both of which serve national and international
markets.  Together with Marcus Lemonis, Fischer Enterprises added
Crumbs Bake Shop to its portfolio in July 2014, rounding out its
product base.

                       About Marcus Lemonis

Marcus Lemonis is an entrepreneur, investor, television
personality, and chairman and CEO of Camping World and Good Sam
Enterprises. Camping World is the nation's largest RV and outdoor
retailer, and Good Sam is the world's largest RV owner's
organization.

Mr. Lemonis is also known as the "business turnaround king" and
host of CNBC's prime time reality series, The Profit, in which he
lends his expertise to struggling small businesses around the
country and judges businesses based on a "Three P" principle:
People, Process, and Product. The Profit returns on CNBC next week
with new episodes beginning Tuesday, October 14 at 10PM ET/PT.
A vast variety of businesses can be found under his holding
company Marcus Lemonis Enterprises LLC, such as: 1-800-Car-Cash,
Amazing Grapes, AutoMatch USA, Bee's Knees Food Co., Betty Lou's,
Crumbs Bake Shop, Dapper Classics, eNet IT Group, Key West Key
Lime Pie Co., Little Miss Baker, Mr. Green Tea, Pie King, ProFit
Protein Bars, RawONE, Rose's Caf' & Bakery, Sweet Pete's and
Wicked Good Cupcakes.

                      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.


DELUXE ENTERTAINMENT: S&P Raises CCR to 'CCC+'; Outlook Negative
----------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Burbank, Calif.-based entertainment services provider
Deluxe Entertainment Services Group Inc. to 'CCC+' from 'CCC', and
removed the rating from CreditWatch with positive implications,
where S&P had placed it on Sept. 23, 2014. The outlook is
negative.

At the same time, S&P raised its issue-level rating on the
company's $605 million first-lien term to 'CCC+' from 'CCC' and
revised the recovery rating to '4' from '3'.  The '4' recovery
rating indicates S&P's expectation for an average recovery (30%-
50%) in the event of a payment default.

"The upgrade reflects our view that Deluxe Entertainment will not
breach its total net leverage covenant on the Sept. 30, 2014, test
due to the $100 million capital commitment by financial sponsor
MacAndrews & Forbes, which will be partially utilized as an equity
cure," said Peter Bourdon.  Although S&P expects that Deluxe
Entertainment will be in compliance with its total net leverage
covenant for the next year, given the MacAndrews & Forbes
commitment, S&P do not expect the company to generate positive
discretionary cash (cash flow from operations minus capital
expenditures) in 2015, thereby adding further pressure to its
already strained liquidity level.

S&P revised the recovery rating on the first-lien term due to a
$40 million increase in the company's draw on its asset-based
lending (ABL) revolving facility and the increase $18 million in
its foreign debt.

The company has experienced a significant decline in its financial
performance in 2014 because of weakness in demand for studio
content.  In addition, the company's expansion into enterprise
services has failed to materialize, and S&P expects that the
combined shortfalls, together with high capital expenditures, will
result in negative discretionary cash flow in 2014 and 2015.  S&P'
expects the company to begin generating positive discretionary
cash flow in the third quarter of 2015.  S&P believes that the
company will need to outperform its base case, achieving 15%-20%
higher revenue from its 2014 projection of $890 million or an
EBITDA margin greater than 15% to achieve positive discretionary
cash flow for full-year 2015.

The negative outlook reflects weak demand for content servicing
that S&P projects will result in negative discretionary cash flow
generation in 2014 and 2015 due to both low cash from operations
and high capital expenditures, and an ongoing thin cushion of
compliance with its total net leverage covenant.

S&P could lower the rating if demand for content servicing
declines further in 2015 and results in liquidity dropping below
$25 million, which S&P will calculate as cash on hand and
availability on both the ABL revolver and MacAndrew & Forbes
commitment.

S&P could revise the outlook to stable or raise the rating if the
company can achieve 15% to 20% growth in revenue in 2015 or EBITDA
margin expansion above 15%, which S&P expects will result in
positive discretionary cash flow in 2015.


DUNE ENERGY: Eos Offers to Buy Outstanding Shares at $0.30 Apiece
-----------------------------------------------------------------
Eos Petro, Inc., and Dune Energy, Inc., announced that Eos'
directly wholly owned subsidiary, Eos Merger Sub, Inc., has
commenced a tender offer to acquire all of the outstanding shares
of Dune common stock for $0.30 per share in cash, without interest
and less any applicable withholding taxes.  The Offer is being
made pursuant to the terms of the previously announced definitive
merger agreement entered into between Eos, Purchaser and Dune on
Sept. 17, 2014.

If the Offer is successfully completed, pursuant to the terms of
the Agreement, Eos expects to acquire any of the Dune common
shares not tendered in the Offer through a merger transaction in
which the remaining shares of Dune are converted into a right to
receive the same consideration per share as paid in the Offer.

The Offer is subject to customary closing conditions, including
valid tender of shares representing at least a majority of Dune's
then outstanding shares on a fully diluted basis.  There is no
financing condition to the Offer.

The Offer is scheduled to expire at 12:00 Midnight, New York City
time, on Thursday, Nov. 6, 2014, unless otherwise extended.

As contemplated in the Agreement, while Dune may not actively
solicit other acquisition proposals, it may respond to certain
proposals which it feels may be superior.  Eos will terminate the
Offer if Dune accepts a superior proposal, which also terminates
the Agreement in accordance with its terms.

Eos filed with the Securities and Exchange Commission a tender
offer statement on Schedule TO, including an offer to purchase and
related letter of transmittal, setting forth in detail the terms
of the Offer.  In addition, Dune filed with the SEC a
Solicitation/Recommendation Statement on Schedule 14D-9 setting
forth in detail, among other things, the recommendation of Dune's
Board of Directors that Dune stockholders tender their shares
pursuant to the Offer.  A full-text copy of the Tender Offer
Statement is available for free at http://is.gd/CGos9K

Copies of the offer to purchase, letter of transmittal and other
related Offer materials, including the Solicitation/Recommendation
Statement, are available free of charge to Dune stockholders from
Okapi Partners, LLC, the Information Agent for the Offer, at (855)
305-0856 (toll-free).  The Depositary for the Offer is American
Stock Transfer & Trust Company.

In connection with the transaction, Perella Weinberg Partners
served as financial advisors to Dune.  Haynes and Boone, LLP
served as Dune's legal counsel. Global Hunter Securities LLC
served as financial advisors to Eos, and Baker Hostetler LLP
served as its legal counsel.

                         About Dune Energy

Dune Energy, Inc. (NYSE AMEX: DNE) -- http://www.duneenergy.com/
-- is an independent energy company based in Houston, Texas.
Since May 2004, the Company has been engaged in the exploration,
development, acquisition and exploitation of natural gas and crude
oil properties, with interests along the Louisiana/Texas Gulf
Coast.  The Company's properties cover over 90,000 gross acres
across 27 producing oil and natural gas fields.

Dune Energy reported a net loss of $46.98 million in 2013, a net
loss of $7.85 million in 2012 and a net loss of $60.41 million in
2011.

As of June 30, 2014, the Company had $231.47 million in total
assets, $143.03 million in total liabilities and $88.43 million in
total stockholders' equity.

                           Going Concern

"We monitor our financial progress very carefully and attempt to
adjust our available projects in order to meet all of the
covenants of the Credit Agreement.  Notwithstanding these efforts,
our future revolver availability is also driven by the amount of
Notes outstanding, as they are part of the EBITDAX covenant
calculation used to determine our borrowing limit under the
revolver.  As a result of the PIK feature contained in the Notes,
the amount outstanding has increased over time and, therefore,
continues to put pressure on the EBITDAX covenant and limit
borrowing availability.  As we are no longer in compliance with
the financial covenant of the Credit Agreement, additional
borrowings may not permitted, and the outstanding revolver loans
may become due and payable upon notice to us by the Bank of
Montreal.  Absent relief from the Credit Agreement Lenders, the
restructuring of a material portion of the Notes or the emergence
of a new lender, our ability to meet our obligations in due course
is threatened.  Management is currently in discussions with all
parties and seeking new credit providers or other strategic
alternatives in an effort to resolve this liquidity stalemate.

"These and other factors raise substantial doubt about our ability
to continue as a going concern for the next twelve months," the
Company stated in the Form 10-Q Report for the period ended
June 30, 2014.


EMANUEL L. COHEN: Accused by Lender of Misrepresenting Finances
---------------------------------------------------------------
Bank Hapoalim B.M. filed an adversary proceeding against Emanuel
L. Cohen in the United States Bankruptcy Court for the Southern
District of Florida.

New York-based BH is a foreign banking corporation, licensed in
the state of New York, and maintains a Florida office in Miami-
Dade County, Florida.

In December 2012, BH made two loans to D.I.T., Inc., and Salon's
Best, Inc., as co-obligors.  The Debtor was the sole owner,
president and co-manager of DIT and Salon.  The other co-manager
was the Debtor's wife, Sally Sue Cohen.

Pursuant to a letter agreement dated as of December 12, 2012, and
other instruments, BH extended a revolving line of credit to the
Borrowers in the maximum principal amount of $4,500,000 and made a
term loan to the Borrowers in the principal amount of $700,000.

The Borrowers' prior lender was Bank Leumi USA.  The proceeds of
the Loans made by BH to the Borrowers were used to pay off similar
loans that were outstanding at that time from the Borrowers to
Bank Leumi USA.

To induce BH to make the Loans, the Borrowers and the Debtor
submitted a loan application, on which the Borrowers were required
to submit financial statements, Peter H. Levitt, Esq., at Shutts &
Bowen LLP, in Miami, Florida -- plevitt@shutts-law.com -- tells
the Court.  He asserts that BH relied on the Borrower's financial
statements, among other documents and information, in making a
credit decision.

The Borrowers defaulted under the Loans by failing to repay the
Loans when they matured on April 1, 2014, and by committing
numerous other defaults, Mr. Levitt says.

As of the Petition Date, the Borrowers and the Debtor, as the
guarantor of the Loans, owed BH $4,888,460, without default
interest and attorney's fees and costs.  Mr. Levitt notes that no
portion of this amount has been repaid.

Mr. Levitt alleges that the Debtor knew the Financial Statements
were false and inaccurate.  He argues that among other things, the
Financial Statements failed to disclose that DIT was indebted on
numerous other loans obtained by DIT from private lenders
aggregating over $6.6 million, many of whom were business
associates, friends or family members of the Debtor or his wife.
He insists that the Other Loans were purposefully not documented
in order to conceal their existence.

BH, hence, seeks judgment in its favor and against the Debtor
determining that the Debtor's debt to BH is not discharged and
granting BH other and further relief.

Emanuel L. Cohen, D.I.T. Inc., and Salon's Best, Inc., filed
Chapter 11 bankruptcy petitions (Bankr. S.D. Fla. Lead Case No.
14-23125) at West Palm Beach, Florida, on June 6, 2014.  D.I.T.
and Salon's Best disclosed $12 million in assets and debt.
Emanuel L. Cohen disclosed $6,699,546 in assets and $14,116,055 in
liabilities as of the Petition Date.  Kenneth S. Rappaport, Esq.,
at Rappaport Osborne & Rappaport, PL, in Boca Raton, Florida,
serves as counsel to the Debtors.

As reported in the Troubled Company Reporter on July 25, 2014, the
U.S. Trustee notified the Bankruptcy Court that until further
notice, it will not appoint a committee of creditors pursuant to
Section 1102 of the Bankruptcy Court.


ENERGY FUTURE: Hires Balch & Bingham as Environmental Counsel
-------------------------------------------------------------
Energy Future Holdings Corp., and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the District of
Delaware to employ Balch & Bingham LLP as special counsel for
certain environmental matters, nunc pro tunc to Oct. 1, 2014.

Balch & Bingham's representation of the Debtors will include, but
shall not be limited to, the following services:

   (a) litigating against entities, including government and non-
       governmental entities, who seek civil penalties or
       injunctive relief related to the Debtors' coal-fueled and
       other generation units;

   (b) providing environmental and regulatory compliance
       counseling, permitting, and other guidance;

   (c) representing the Debtors in administrative proceedings on
       environmental matters;

   (d) seeking judicial review and clarification over certain
       environmental rules and regulations; and

   (e) drafting documents related to all the Services above.

As set forth in the Gidiere Declaration, upon execution of the
Retainer Letter, the Debtors paid $500,000 to Balch & Bingham as a
classic retainer before the Petition Date.  Pursuant to the
Retainer Letter, Balch allocated the Retainer amount toward a
portion of Balch & Bingham's fees and disbursements before the
Petition Date.  As of the Petition Date, Balch & Bingham had been
paid for all professional services and expenses rendered to the
Debtors prior to the Petition Date. As a Tier 1 OCP, Balch &
Bingham sought fees and expenses post-petition through Sept. 30,
2014, in accordance with the procedures set forth in the OCP
Order.  Pursuant to the Retainer Letter, Balch & Bingham intends
to apply the Excess Fees toward the Retainer.

Balch & Bingham will also be reimbursed for reasonable out-of-
pocket expenses incurred.

P. Stephen Gidiere III, partner at Balch & Bingham, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

The Court for the District of Delaware will hold a hearing on the
application on Oct. 28, 2014, at 12:00 p.m.  Objections, if any,
are due Oct. 21, 2014, at 4:00 p.m.

Balch & Bingham can be reached at:

       P. Stephen Gidiere III, Esq.
       BALCH & BINGHAM LLP
       1901 Sixth Avenue North, Ste. 1500
       Birmingham, AL 35203-4642
       Tel: (205) 226-8735
       Fax: (205) 488-5694
       E-mail: sgidiere@balch.com

                       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.


ESP RESOURCES: Unit Inks $4-Mil. Factoring Pact With Transfac
-------------------------------------------------------------
ESP Resources, Inc., announced that its wholly-owned subsidiary,
ESP Petrochemicals, Inc., has entered into a factoring agreement
for up to $4,000,000 with Transfac Capital, Inc.  The Agreement
replaces the Company's previous factoring facility that carried a
higher interest rate.

The Factoring Agreement has an initial term of two years with
automatically renewing successive Contract Terms.  The Factoring
Agreement may be terminated by the Company at the end of a
Contract Term by providing notice to Transfac no more than 90 and
no less than 60 days before the end of the current Contract Term.
Transfac may terminate the Factoring Agreement at any time upon 30
days notice of an event of default.  Under the terms of the
Factoring Agreement, Transfac may purchase any accounts submitted
by the Company.  The Company shall pay a servicing fee equal to
the greater of 0.75% or $10 and will be subject to others fees and
charges and may be required to establish a reserve account as set
forth in greater detail in the Factoring Agreement set forth as an
exhibit to this current report and incorporated herein by
reference.  The Factoring Agreement is secured by substantially
all of the Company's assets and personally guaranteed by David
Dugas and Tony Primeaux and guaranteed by ESP Resources, Inc. and
ESP Ventures, Inc.

David Dugas, President & CEO stated, "When we decided in early
2013 to discontinue certain non-core divisions and focus on our
core production petrochemical business, our expectation was that
we would gain new customers.  We are pleased to announce that we
have been successful in those efforts with the acquisition of 11
new customers in the regions of South Louisiana, North and South
Texas and Southern Oklahoma.  With the acquisition of these new
customers, our revenue has increased substantially in this third
quarter of 2014 compared to the third quarter last year.  We
anticipate the same positive trends in the coming quarters and the
continued improvement of our cash flows and gross margins."  Mr.
Dugas continued, "This new credit line with Transfac bolsters our
working capital needs so that we can support our supply chain and
service our pipeline of business with new and existing customers."

A copy of the Purchase and Sale Agreement between ESP
Petrochemicals, Inc. and Transfac Capital, Inc. executed Oct. 1,
2014, is available for free at http://is.gd/uBpjBJ

                        About ESP Resources

The Woodlands, Texas-based ESP Resources, Inc., through its
subsidiaries, manufactures, blends, distributes and markets
specialty chemicals and analytical services to the oil and gas
industry and also provides services for the upstream, midstream
and downstream sectors of the energy industry, including new
construction, major modifications to operational support for
onshore and offshore production, gathering, refining facilities
and pipelines designed to optimize performance and increase
operators' return on investment.

ESP Resources reported a net loss of $5.23 million on $10.59
million of net sales for the year ended Dec. 31, 2013, as compared
with a net loss of $5.08 million on $16.98 million of net sales in
2012.  The Company's balance sheet at March 31, 2014, showed $6.33
million in total assets, $11.17 million in total liabilities and a
$4.83 million total stockholders' deficit.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has incurred net losses through Dec. 31, 2013, and has
a working capital deficit as of Dec. 31, 2013.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


FISKER AUTOMOTIVE: Committee Professionals Seek 53.7% in Bonuses
----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that professionals representing the Official Committee of
Unsecured Creditors appointed in the Chapter 11 case of Fisker
Automotive Inc. are seeking bonuses of 53.7% for opposing a quick
sale and ultimately arranging a recovery up to 100 times more than
the company's initial offer of $500,000.

According to the report, law firms Brown Rudnick LLP and Saul
Ewing LLP and financial adviser Emerald Capital Advisors Corp.,
who said they overcame considerable odds and bore a constant risk
of nonpayment to achieve "spectacular" results, want bonuses
aggregating about $2.5 million on top of about $4.6 million of
fees they earned based on hourly charges and some $45,500 for fees
and expenses incurred before their retentions because of their
"substantial contribution" during that time.

                      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.

FA Liquidating Corp. (F/K/A Fisker Automotive, Inc.) and FAH
Liquidating Corp. (F/K/A Fisker Automotive Holdings, Inc.)
notified the U.S. Bankruptcy Court for the District of Delaware
that their Second Amended Chapter 11 Plan of Liquidation became
effective as of Aug. 13, 2014.


FLUX POWER: Signs $500,000 Credit Agreement With Leon Frenkel
-------------------------------------------------------------
Flux Power Holdings, Inc., entered into a credit facility
agreement for a line of credit in the maximum amount of $500,000
with Leon Frenkel, according to a regulatory filing with the U.S.
Securities and Exchange Commission.

Borrowings under the Line of Credit bears interest at 8% per
annum, with all unpaid principal and accrued interest due and
payable on Sept. 19, 2016, pursuant to the terms of the Secured
Convertible Promissory Note.  In addition, at the election of
Lender, all or any portion of the outstanding principal, accrued
but unpaid interest or late charges under the Note may be
converted into shares of the Company common stock at any time at a
conversion price of $0.12 per share.  The borrowings under the
Note is guaranteed by Flux Power, Inc., a California corporation
and wholly owned subsidiary, and secured by all of the assets of
the Company and Subsidiary pursuant to the terms of a certain
Security Agreement and Guaranty Agreement dated as of Oct. 2,
2014.  Proceeds from the Line of Credit can be solely used for
working capital purposes.  As of Oct. 7, 2014, the Company has
borrowed approximately $100,000 under the Note.

In consideration for the Line of Credit, on Oct. 2, 2104, the
Company issued a Warrant Certificate to the Lender, entitling the
Lender to purchase a certain number of shares of common stock of
the Company equal to the outstanding advances under the Note
divided by the Conversion Price, for a term of five years, and at
an exercise price per share equal to $0.20.

The Company retained Security Research Associates Inc., on a best-
efforts basis, as its ?placement agent for the placement of the
Note.  The Company agreed to pay SRA for services rendered in
?conjunction with the Note in the amount of 5% of the gross
proceeds ?raised and a warrant for the purchase of the common
stock.  The number of common stock subject ?to the warrant equals
5% of the aggregate gross proceeds from the Note received ?by the
Company from the Lender divided by $0.20 per share.  The warrant
will have a term of 3 years and will include cashless exercise
provisions as well as ?representations and warranties that are
customary and standard in warrants issued to placement ?agents or
underwriters.  The exercise price will equal $0.20.  The Company
also ?agreed to reimburse SRA periodically, upon request, or upon
termination of SRA's services, for ?SRA's expenses incurred in
connection with SRA's financial advisory services, including fees
and ?expenses of legal counsel, travel expenses and printing, with
all such non-accountable fees and ?expenses not to exceed a
combined aggregate amount of $1,000.?  The Company's director and
executive chairman of the Board of Directors, Timothy Collins, is
the chief executive officer, president, director and shareholder
of SRA.

A copy of the Credit Facility Agreement is available for free at:

                        http://is.gd/SFXPqK

                          About Flux Power

Escondido, California-based Flux Power Holdings, Inc., designs,
develops and sells rechargeable advanced energy storage systems.

Flux Power reported a net loss of $4.29 million on $358,000 of net
revenue for the year ended June 30, 2014, compared to net income
of $351,000 on $772,000 of net revenue for the year ended June 30,
2013.  As of June 30, 2014, the Company had $462,000 in total
assets, $1.24 million in total liabilities and a $784,000 total
stockholders' deficit.

Squar, Milner, Peterson, Miranda & Williamson, LLP, in
San Diego, California, issued a "going concern" qualification on
the consolidated financial statements for the year ended June 30,
2014.  The independent auditors noted that the Company has
incurred a significant accumulated deficit through June 30, 2014,
and requires immediate additional financing to sustain its
operations.  These factors, among others, raise substantial doubt
about the Company's ability to continue as a going concern.


GBG RANCH: Taps Upton Mickits as Special Energy Counsel
-------------------------------------------------------
GBG Ranch, Ltd. seeks authorization from the Hon. David Jones of
the U.S. Bankruptcy Court for the Southern District of Texas to
employ Upton, Mickits & Heymann, LLP as special energy counsel to
the Debtor.

The Debtor requires Upton Mickits to:

   (a) consult with the Debtor regarding oil, gas, and renewable
       energy leases and opportunities;

   (b) assist the Debtor in the analysis and negotiation of
       pipeline easements;

   (c) consult with and assisting the Debtor in the evaluation
       and, as applicable, negotiation of renewable energy leases;

   (d) review all necessary documentation is prepared to reflect
       the terms of any and all agreements;

   (e) assist the Debtor's existing counsel in analyzing and
       evaluating the Corrected Quita Wind Lease;

   (f) assist the Debtor's existing counsel, to the extent
       requested, in connection with the litigation of the
       validity and enforceability of the Corrected Quita Wind
       Lease in Adversary No. 14-5006;

   (g) assist the Debtor with the negotiation and evaluation of
       offers for the lease and sale of mineral classified lands
       owned by the Debtor;

   (h) assist the Debtor's Counsel regarding the evaluation and
       ultimate treatment and disposition of mineral classified
       lands in connection with the presentation and confirmation
       of a plan of reorganization to be proposed in the case;

   (i) assist the Debtor's Counsel and special counsel in the
       representation of the Debtor with any other matters that
       may arise during the case in the United States Bankruptcy
       Court for the Southern District of Texas.

Upton Mickits has agreed to perform the legal services on an
hourly fee basis at the negotiated hourly rate hourly rate of
$300.  This rate will be uniform for all shareholders of Upton
Mickits.  The firm has further agreed to an hourly rate of $85 for
paralegals.  The principal attorneys and paraprofessionals
presently designated to represent the Debtor, and their current
hourly rates, are:

       David L. Garrison, partner           $300
       John Heymann, partner                $300
       Kevin Mickits, partner               $300
       Joe Baucum, attorney                 $200
       Alma Gillie, paralegal               $85

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

David L Garrison, partner of Upton Mickits, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Upton Mickits can be reached at:

       David L. Garrison, Esq.
       UPTON, MICKITS & HEYMANN, LLP
       Frost Bank Plaza
       802 N. Carancahua, Suite 450
       Corpus Christi, TX 78401
       Tel: (361) 884-0612
       Fax: (361) 884-5291
       E-mail: dgarrison@uhmlaw.com

                       About GBG Ranch, LTD

GBG Ranch, LTD, a Texas Limited Partnership, sought Chapter 11
protection (Bankr. S.D. Tex. Case No. 14-50155) in Laredo, Texas
on July 8, 2014, without stating a reason.  The company estimated
assets of $50 million to $100 million and debt of less than $10
million.  The company is represented by the Law Office of Carl M.
Barto.


GENTIVA HEALTH: Moody's Puts 'B3' CFR on Review for Upgrade
-----------------------------------------------------------
Moody's Investors Services placed the ratings of Gentiva Health
Services, Inc. under review for upgrade, including the company's
B3 Corporate Family Rating, B3-PD Probability of Default Rating,
B2 senior secured first lien credit facilities rating and Caa2
senior unsecured notes rating. Moody's concurrently affirmed
Gentiva's speculative grade liquidity rating of SGL-3. This action
follows the announcement that Gentiva has entered into a
definitive agreement to be acquired by Kindred Healthcare, Inc.
(Kindred, B1 under review for downgrade) in a transaction valued
at $1.8 billion.

The proposed acquisition, which has been approved by both
companies' boards, is expected to be funded through the issuance
of new debt and equity. The transaction is expected to close in
the first quarter of 2015. Moody's expects that at closing, all of
Gentiva's outstanding debt will be retired and that all of
Gentiva's ratings will be withdrawn.

On Review for Possible Upgrade:

Issuer: Gentiva Health Services, Inc.

  Probability of Default Rating, Placed on Review for Upgrade,
  currently B3-PD

  Corporate Family Rating (Local Currency), Placed on Review for
  Upgrade, currently B3

  Senior Secured Bank Credit Facility (Local Currency) Placed on
  Review for Upgrade, currently B2 (LGD3)

  Senior Unsecured Regular Bond/Debenture (Local Currency) Sep 1,
  2018, Placed on Review for Upgrade, currently Caa2 (LGD5)

Outlook Actions:

Issuer: Gentiva Health Services, Inc.

  Outlook, Changed To Rating Under Review From Negative

Affirmations:

Issuer: Gentiva Health Services, Inc.

  Speculative Grade Liquidity Rating, Affirmed SGL-3

Rating Rationale

The review for upgrade is based upon Moody's view that, should the
acquisition by Kindred be consummated, that Gentiva will become
part of an enterprise with a stronger overall credit profile (and
hence a potentially higher rating) than if Gentiva remains a
standalone company.

Excluding the possible acquisition by Kindred, Gentiva's current
B3 Corporate Family Rating reflects the company's high financial
leverage and weak operating performance. The company's earnings
are vulnerable to industry challenges, mainly arising from
reimbursement rate cuts from Medicare in the home health sector
and volume pressure in the hospice business. The company is
heavily reliant on government related payors (88% total revenue
pro forma for the Harden acquisition). The rating also
incorporates Moody's expectation for leverage to remain between
5.5 to 6.5 times debt/EBITDA as earnings deteriorate with
anticipated rate cuts.

Looking at Gentiva on a stand-alone basis, Moody's gives positive
rating consideration is given to the company's favorable scale,
geographic diversity and market leadership in both home health and
hospice, a relatively fragmented market. Moody's further
recognizes Gentiva's recent volume growth in the home health
segment and reimbursement rate increase for the hospice sector in
2014 and 2015 (as proposed) that should partially offset some of
the earnings pressure. In addition, Moody's anticipates that
Gentiva's capital expenditures will remain modest, and that the
company will be free cash flow positive in the next 12-18 months.

Gentiva Health Services, Inc. ("Gentiva"; NASDAQ: GTIV) is a
leading provider of home health and hospice services in the US.
The company offers direct home nursing and therapies, including
specialty programs, as well as hospice care with over 400
locations in 40 states. Gentiva reported revenues of approximately
$1.9 billion for the last twelve months ended June 30, 2014.

The principal methodology used in this rating was the Global
Healthcare Service Providers published in December 2011. Other
methodologies used include Loss Given Default for Speculative-
Grade Non-Financial Companies in the U.S., Canada and EMEA
published in June 2009.


GENTIVA HEALTH: S&P Puts B CCR on Watch Pos. Over Kindred Merger
----------------------------------------------------------------
Standard & Poor's Ratings Services placed its 'B' corporate credit
rating and issue-level ratings on Gentiva Health Services Inc. on
CreditWatch with positive implications.  The CreditWatch placement
follows the definitive merger agreement with Kindred Healthcare
Inc. to acquire all of Gentiva's outstanding shares for a total
transaction price of about $1.8 billion.

Gentiva entered into a definitive merger agreement with Kindred in
which Kindred will acquire all of Gentiva's common stock for
$19.50 per share in a combination cash and stock deal.  Under the
terms, Gentiva will receive $14.50 per share in cash and $5.00 per
share of Kindred common stock.  The transaction is valued at $1.8
billion.  The combination of the two companies will enhance
Kindred's industry leading position in the post-acute and
rehabilitation services industry and make Kindred the largest and
most geographically diverse home health and hospice organization
in the U.S.

S&P's ratings on Kindred are unchanged following the announcement.

"We will resolve the CreditWatch placement once the transaction is
closed in early 2015 and Gentiva's outstanding debt is redeemed,"
said Standard & Poor's credit analyst Tahira Wright.  "We will
likely raise our 'B' corporate credit rating on Gentiva to match
the 'B+' rating on Kindred.  We will subsequently withdraw the
corporate credit and issue-level ratings on Gentiva following the
close of the transaction."


GLOBALSTAR INC: Files Presentation Materials With SEC
-----------------------------------------------------
During Globalstar's previously announced conference call held on
Oct. 9, 2014, written presentation materials were used.  Topics of
the presentation include, among other things, business
fundamentals and financial performance overview.   The text copy
of the presentation materials is available for free at:

                       http://is.gd/daVcVP

                      About Globalstar, Inc.

Globalstar is a leading provider of mobile satellite voice and
data services.  Globalstar offers these services to commercial and
recreational users in more than 120 countries around the world.
The company's products include mobile and fixed satellite
telephones, simplex and duplex satellite data modems and flexible
service packages.  Many land based and maritime industries benefit
from Globalstar with increased productivity from remote areas
beyond cellular and landline service.  Globalstar customer
segments include: oil and gas, government, mining, forestry,
commercial fishing, utilities, military, transportation, heavy
construction, emergency preparedness, and business continuity as
well as individual recreational users.  Globalstar data solutions
are ideal for various asset and personal tracking, data monitoring
and SCADA applications.

Globalstar reported a net loss of $591.11 million in 2013, a net
loss of $112.19 million in 2012 and a net loss of $54.92 million
in 2011.

As of June 30, 2014, the Company had $1.32 billion in total
assets, $1.53 billion in total liabilities and a $204.45 million
total stockholders' deficit.


GREAT NORTHERN: Bankruptcy an Issue in Maine's Race for Governor
----------------------------------------------------------------
Stephanie Gleason, writing for The Wall Street Journal, reported
that the closure of Great Northern Paper Co.'s paper mill in Maine
and subsequent bankruptcy of the company has become a campaign
issue in the state's race for governor, with a lagging
gubernatorial hopeful trying to bring into the race the state
money provided to the paper producer's owner Cate Street Capital.
According to the report, independent candidate Eliot Cutler said
in a news conference stated: "Before the state of Maine goes the
way of the Great Northern Paper Company, we need new management."

Headquartered in Millinocket, Maine, Great Northern Paper, Inc.,
one of the largest producers of groundwood specialty papers in
North America, filed for chapter 11 protection on January 9, 2003
(Bankr. Maine, Case No. 03-10048).  Alex M. Rodolakis, Esq., and
Harold B. Murphy, Esq., at Hanify & King, P.C., represented the
Debtor.  When the Company filed for chapter 11 protection, it
listed debts and assets of more than $100 million each.  In early
2003, Belgravia purchased substantially all of the Debtor's assets
for approximately $75 million.  The Maine Bankruptcy Court
converted the Debtor's case to a chapter 7 liquidation proceeding
on May 22, 2003.  Gary M. Growe was the chapter 7 Trustee for the
Debtor's estate.  Jeffrey T. Piampiano, Esq., at Drummond Woodsum
& MacMahon represented the chapter 7 Trustee.

GNP Maine Holdings LLC, dba Great Northern Paper Company, filed a
voluntary petition for Chapter 7 bankruptcy on Sept. 22 (Bankr. D.
Del. Case No. 14-12179) in Wilmington, Delaware.  The next day,
three of Great Northern's trade creditors filed an involuntary
Chapter 7 petition (Bankr. D. Maine Case No. 14-10756).


GT ADVANCED: Proposes KCC as Claims and Balloting Agent
-------------------------------------------------------
GT Advanced Technologies Inc. and its affiliated debtors ask the
Bankruptcy Court to approve the retention of Kurtzman Carson
Consultants LLC  as notice, claims, and balloting agent to GTAT in
connection with the chapter 11 cases, effective nunc pro tunc to
the Petition Date.

GTAT proposes to employ KCC as the authorized notice, claims, and
balloting agent to, among other things, undertake mailings as
directed by GTAT, the Court, or the United States Trustee, and as
required by the Bankruptcy Code, the Bankruptcy Rules, or the LBR,
all in accordance with that certain Services Agreement, dated as
of October 6, 2014 between KCC and GTAT.

The Fee Structure, which provides for the rates or prices agreed
to by the parties as to payment of KCC's services and expenses,
were not included in the copy of the Services Agreement that's
publicly available.

The Debtors believe 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 GT Advanced Technologies

GT Advanced Technologies Inc. -- http://www.gtat.com/-- is a
diversified technology company producing advanced materials and
innovative crystal growth equipment for the global consumer
electronics, power electronics, solar and LED industries.
Headquartered in Merrimack, New Hampshire, GT is a publicly held
corporation whose stock is traded on NASDAQ under the ticker
symbol "GTAT."

As of June 28, 2014, the GTAT Group's unaudited and consolidated
financial statements reflected assets totaling $1.5 billion and
liabilities totaling $1.3 billion.  As of Sept. 29, 2014, GTAT had
$85 million in cash, $84 million of which is unencumbered.

On Oct. 6, 2014, GT Advanced Technologies and 8 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D. N.H. Lead Case No. 14-11916).
GT says that it has sought bankruptcy protection due to a "severe
liquidity crisis."

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.


GT ADVANCED: To Close Arizona, Massachusetts Sapphire Plants
------------------------------------------------------------
Joseph Checkler, writing for Daily Bankruptcy Review, reported
that GT Advanced Technologies Inc. said it will close its Arizona
and Massachusetts plants, costing 890 people their jobs.
According to the DBR report, in filings with U.S. Bankruptcy Court
in New Hampshire, GT Advanced called its agreements with Apple
Inc. to produce sapphire materials for iPhones "oppressive and
burdensome" and that terminating their deal was the only way to
stop the bleeding.

Peg Brickley, writing for The Wall Street Journal, reported that
U.S. Bankruptcy Judge Henry Boroff has ruled that GT Advanced and
Apple can keep the details of their arrangement confidential and
directed GT Advanced to seal court papers that explain what went
wrong in the financing and supply arrangement with Apple, GT's
largest creditor and once its potentially largest customer.

                  About GT Advanced Technologies

GT Advanced Technologies Inc. -- http://www.gtat.com/-- is a
diversified technology company producing advanced materials and
innovative crystal growth equipment for the global consumer
electronics, power electronics, solar and LED industries.
Headquartered in Merrimack, New Hampshire, GT is a publicly held
corporation whose stock is traded on NASDAQ under the ticker
symbol "GTAT."

As of June 28, 2014, the GTAT Group's unaudited and consolidated
financial statements reflected assets totaling $1.5 billion and
liabilities totaling $1.3 billion.  As of Sept. 29, 2014, GTAT had
$85 million in cash, $84 million of which is unencumbered.

On Oct. 6, 2014, GT Advanced Technologies and 8 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D. N.H. Lead Case No. 14-11916).
GT says that it has sought bankruptcy protection due to a "severe
liquidity crisis."

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.


GT ADVANCED: Liquidity Issues Led to Bankruptcy, Court Papers Say
-----------------------------------------------------------------
Preliminary court papers say that GT Advanced Technologies Inc.'s
bankruptcy was said to be due to 'severe liquidity issues'.

Mark Osborne at PV-Tech relates that no other financial issues,
including convertible bonds not due until 2016 and 2017 would seem
to explain the Debtor's sudden liquidity issues.  The report says
that the Debtor disclosed it had $85 million in cash when it filed
for bankruptcy.

According to PV-Tech, the Debtor had reported $333 million in cash
at the end of the second quarter of 2014, indicating it spent
$248 million in the third quarter as it primarily invested in its
sapphire substrate manufacturing plant as part of its deal with
Apple Inc.  The report says that the Debtor's executives had noted
in the second quarter earnings call in August that it expected the
third Apple prepayment of $103 million during the third quarter,
while a fourth payment from Apple was expected at the end of
October totalling $139 million.  It would seem that the fourth
payment was not received, forcing the Debtor into bankruptcy, the
report states.

As reported by the Troubled Company Reporter on Oct. 7, 2014,
Joseph Checkler and Matt Jarzemsky, writing for Daily Bankruptcy
Review, reported that Apple indicated it wasn't using sapphire
screens on its latest iPhones.  According to the report, the
Debtor filed for Chapter 11 bankruptcy protection less than a
month later.

PV-Tech relates that it is unclear whether the Debtor failed to
meet operational targets for Apple or whether other circumstances
around the business relationship with Apple led to the bankruptcy
proceedings.

GT Advanced Technologies Inc. is a diversified technology company
producing advanced materials and innovative crystal growth
equipment for the global consumer electronics, power electronics,
solar and LED industries.  Its technical innovations accelerate
the use of advanced materials, enabling a new generation of
products across this diversified set of global markets.


HAMPDEN COUNTY PHYSICIAN: Files for Bankr., To Sell 5 Locations
---------------------------------------------------------------
Jim Kinney, writing for Masslive.com, reports that Hampden County
Physician Associates, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. D. Mass. Case No. 14-30961) on Oct. 2, 2014,
and will sell five of 14 locations to Sisters of Providence Heath
System.  Sisters of Providence has confirmed that it is talks to
acquire parts of the Debtor's medical practices, the report says.

The Debtor owes: (i) $669,000 to Connecticut Physician Services,
the largest single creditor; (ii) $248,000 to landlord Carew
Chestnut Partners LLC, owners of the new building on the Mercy
campus partially rented to the Debtor; (iii) $2.3 million in
secured debt to TD Bank; and (iv) $1 million in secured debt to
Sisters of Providence.  The Debtor estimated its liabilities and
assets at $1 million to $10 million each.

The Debtor also sought authorization from the U.S. Bankrutpcy
Court for the District of Massachussets to pay $288,000 in wages
earned before the petition was filed, then to continue paying its
people as it operates during reorganization.  Masslive.com relates
that the Debtor has not paid the IT vendors, which might result in
the Debtor's loss of access to the computing "cloud" that store
medical and business records.

Masslive.com states that aside from the management's unfruitful
attempts on business expansion that drove up expenses, the Debtor
told the Court that resignation and retirement of several of its
health-care providers in the past two years resulted in a drop in
revenue.  More doctors might leave the practice before any sales
are completed, making it impossible for the practice to properly
care of patients, Masslive.com relates, citing Joseph B. Collins,
Esq., at Hendel & Collins, the attorney for the Debtor.

Mr. Collins, according to Masslive.com, might ask the Cout to let
the practice out of the contracts binding those doctors to the
practice.  Mr. Collins told the Court those contracts guarantee a
pay scale the Debtor can no longer afford, the report says.

Masslive.com reports that the Court plans to appoint a health care
ombudsman in the case.

Headquartered in Springfield, Massachussets, Hampden County
Physician Associates, LLC, one of the oldest and largest doctor's
practices in the region, has 68 health care providers, which
include doctors and other professionals, that serve about 55,000
patients.  It has 27 member physicians.  The business enterprise
employs a total of about  300 individuals and has 14 offices.


HDOS ENTERPRISES: Holders of Claims Overwhelmingly Accept Plan
--------------------------------------------------------------
HDOS Enterprises reveals that Holders of Claims and Interests
entitled to vote on the Debtor's combined Disclosure Statement and
Chapter 11 Plan of Reorganization have voted overwhelmingly to
accept the Plan.

The Debtor filed with the U.S. Bankruptcy Court for the Central
District of California the tabulation and certification of ballots
voting to accept or reject the Plan provided by its claims
administrator and noticing agent.

All of the holders of claims under Class 3, Class 4 and Class 5
voted to accept the Plan.

The Plan, filed on Aug. 4, provides full payment to holders of
allowed secured claims totaling about $2.4 million, general
unsecured claims totaling about $1.9 million, and lease rejection
claims totaling about $1.7 million.  The unsecured claim, if any,
of the employee stock ownership plan, or ESOP, would be
subordinated to secured claims, general unsecured claims, and
lease rejection claims.  The Plan was amended on August 22.  Under
the Amended Plan, the Debtor stated that it holds $8,256,644.99 in
cash as a result of the sale of substantially all of its assets,
which sale closed on Aug. 21.

A copy of the claims administrator's declaration containing the
ballot report is available for free at:

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

                    About Hot Dog On A Stick

Established in 1946 in Southern California, Hot Dog On A Stick --
http://www.hotdogonastick.com-- is known for its fair-inspired
menu of corn dogs, lemonades, and a sampling of other menu items
such as cheese on a stick, hot dog in a bun, fries, and funnel
cake sticks.  HDOS is owned by its employees.

HDOS Enterprises sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 14-12028) on Feb. 3,
2014.  The case is assigned to Judge Neil W. Bason.

The Debtor's counsel is represented by Jerome Bennett Friedman,
Esq., Stephen F. Biegenzahn, Esq., and Michael D. Sobkowiak, Esq.,
at Friedman Law Group, P.C., in Los Angeles, California.  Rust
Consulting Omni Bankruptcy, a division of Rust Consulting, serves
as claims, noticing and balloting agent.  The Law Offices of Brian
H. Cole serves as special counsel.  The petition was signed by Dan
Smith, president and CEO.

The U.S. Trustee has appointed three members to an official
committee of unsecured creditors.  The Committee retained Jeffrey
N. Pomerantz, Esq., at Pachulski Stang Ziehl & Jones LLP, in Los
Angeles, California, as counsel.


HDOS ENTERPRISES: To Serve as Disbursing Agent Under Exit Plan
--------------------------------------------------------------
HDOS Enterprises filed a supplement to its combined Disclosure
Statement and Chapter 11 Plan of Reorganization disclosing that
the Reorganized Debtor will serve as the Disbursing Agent to (i)
make all distributions provided for under the Plan, and (ii)
enforce the terms of the Royalty Agreement.

Dan Smith, the Reorganized Debtor's chief executive officer, and
Dan Bylund, the Reorganized Debtor's chief financial officer, will
assist the Reorganized Debtor during October 2014 in making all
distributions provided for under the Plan.

For the month of October 2014, Messrs. Smith and Bylund will each
be compensated at their salary rate of $23,076 and $14,307,
respectively.  After October 31, 2014, Mr. Smith will continue
providing assistance as needed to the Reorganized Debtor and its
counsel at a rate of $150 per hour.

The Plan, filed on Aug. 4, provides full payment to holders of
allowed secured claims totaling about $2.4 million, general
unsecured claims totaling about $1.9 million, and lease rejection
claims totaling about $1.7 million.  The unsecured claim, if any,
of the employee stock ownership plan, or ESOP, would be
subordinated to secured claims, general unsecured claims, and
lease rejection claims.  The Plan was amended on August 22.  Under
the Amended Plan, the Debtor stated that it holds $8,256,644.99 in
cash as a result of the sale of substantially all of its assets,
which sale closed on Aug. 21.

A full-text copy of the Plan dated Aug. 4, 2014, is available at
http://bankrupt.com/misc/HDOSplan0804.pdf

A redlined version of the Amended Disclosure Statement is
available at http://bankrupt.com/misc/HDOSds0822.pdf

                    About Hot Dog On A Stick

Established in 1946 in Southern California, Hot Dog On A Stick --
http://www.hotdogonastick.com-- is known for its fair-inspired
menu of corn dogs, lemonades, and a sampling of other menu items
such as cheese on a stick, hot dog in a bun, fries, and funnel
cake sticks.  HDOS is owned by its employees.

HDOS Enterprises sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 14-12028) on Feb. 3,
2014.  The case is assigned to Judge Neil W. Bason.

The Debtor's counsel is represented by Jerome Bennett Friedman,
Esq., Stephen F. Biegenzahn, Esq., and Michael D. Sobkowiak, Esq.,
at Friedman Law Group, P.C., in Los Angeles, California.  Rust
Consulting Omni Bankruptcy, a division of Rust Consulting, serves
as claims, noticing and balloting agent.  The Law Offices of Brian
H. Cole serves as special counsel.  The petition was signed by Dan
Smith, president and CEO.

The U.S. Trustee has appointed three members to an official
committee of unsecured creditors.  The Committee retained Jeffrey
N. Pomerantz, Esq., at Pachulski Stang Ziehl & Jones LLP, in Los
Angeles, California, as counsel.


HOUSTON REGIONAL: Judge Says Comcast Can't Recover $100-Mil.
------------------------------------------------------------
Law360 reported that U.S. Bankruptcy Judge Marvin Isgur in Texas
has ruled from the bench that Comcast Corp. can't recover $100
million from Houston Regional Sports Network LP, saying the
interest of Comcast, which jointly owns the network with the
Houston Astros and Houston Rockets, ?inconsequential.?

Comcast is threatening to appeal the ruling, which, according to
Katy Stech, writing for Daily Bankruptcy Review, paves the way for
the struggling sports network to emerge from Chapter 11 by pushing
through with the Houston Rockets plan to sell to AT&T Inc. and
DirecTV LLC.  Law30 reported that Comcast attorney Craig Goldblatt
of WilmerHale told Judge Marvin Isgur his client plans to ask the
Fifth Circuit to overturn the judge's ruling.

             About Houston Regional Sports Network

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

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

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

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

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

Judge Marvin Isgur presides over the case.

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

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

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


HS INVESTMENT: Case Summary & 5 Unsecured Creditors
---------------------------------------------------
Debtor: HS Investment Group Inc
        3811 South Main Street
        Vineland, NJ 08360

Case No.: 14-30719

Chapter 11 Petition Date: October 9, 2014

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

Judge: Hon. Judith H. Wizmur

Debtor's Counsel: Scott Eric Kaplan, Esq.
                  SCOTT E. KAPLAN, LLC
                  12 North Main St., PO Box 157
                  Allentown, NJ 08501
                  Tel: 609-259-1112
                  Fax: 609-259-5600
                  Email: scott@sekaplanlaw.com

Total Assets: $1.20 million

Total Liabilities: $1.65 million

The petition was signed by Huy Lam, president.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/njb14-30719.pdf


IBAHN CORP: Seeks Extension of Removal Period Until Jan. 2015
-------------------------------------------------------------
iBahn Corporation, et al., ask the U.S. Bankruptcy Court for the
District of Delaware to extend the time by which they may file
notices of removal with respect to civil actions pending as of the
Petition Date through and including January 31, 2015.

The Debtors also ask the Court to extend the time by which they
may file notices of removal with respect to civil actions
initiated after the Petition Date to the later of (i) January 31,
2015, and (ii) the shorter of (A) 30 days after receipt of a copy
of the initial pleading setting forth the claim or cause of action
sought to be removed, or (B) 30 days after receipt of the summons
if the initial pleading has been filed with the court but not
served with the summons.

The current removal deadline was slated to expire October 1, 2014,
absent an extension.

The Debtors submit that the extension of the current removal
deadline will afford them the opportunity necessary to make fully-
informed decisions concerning removal of any action and will
assure that the Debtors do not forfeit valuable rights under
Section 1452 of the Judicial Code with respect to any pending or
prospective litigation commenced by or against the Debtors.

The Court will convene a hearing on October 28, 2014, at 9:30 a.m.
(prevailing Eastern Time) to consider the Motion to Extend.
Objections are due on October 14.

                        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.


INDEX RECOVERY: Disclosure Statement Hearing Set for October 23
---------------------------------------------------------------
Index Recovery Company, LP, formerly known as SPhinX Managed
Futures Index Fund, LP, asks the United States Bankruptcy Court
for the Northern District of New York to approve its Disclosure
Statement accompanying the Debtor's Plan of Liquidation dated
September 25, 2014.

The Debtor submits that the Disclosure Statement contains adequate
information within the meaning of Section 1125 of the Bankruptcy
Code and, thus, should be approved.

The Debtor also asks the Court to approve the Debtor's proposed
procedures for the solicitation of votes on the Plan, and to
schedule a date for the confirmation hearing of and the deadline
for filing objections to the Plan.  The Debtor requests that the
Court set October 23, 2014, as the "Record Holder Date" for voting
purposes.

Pursuant to the Plan, Classes 3 (Subordinated Unsecured Claims)
and 4 (Interests) are the only classes entitled to vote under the
Plan.  All other classes of claims are rendered unimpaired under
and, therefore, deemed to have accepted, the Plan without voting.

Although Class 4 (Interests) will receive no distribution under
the Plan and would normally, therefore, be deemed to reject the
Plan without voting, the Debtor is requesting that the Class 4
Interest holders be permitted to vote for or against the Plan,
should they so desire.  Every holder of a Class 4 Interest is also
the holder of a Class 4 Subordinated Unsecured Claim arising out
of the redemption of 95% of their Interests, and the Debtor
believes it is appropriate to permit those Persons to vote their
Class 3 and 4 Claims and Interests consistently.

The Debtor requests that the Court schedule a hearing on
confirmation of the Plan in late November or early December 2014.
In connection therewith, the Debtor asks that the Court direct
that any objections to the Plan be filed no later than seven days
prior to the Confirmation Hearing, at 4:00 p.m. prevailing Eastern
Time.

The Court will convene a hearing on October 23, 2014, at 10:30
a.m. to consider the approval of the Disclosure Statement.

                    About Index Recovery Group

Index Recovery Group, LP, sought Chapter 11 protection (Bankr.
N.D.N.Y. Case No. 14-61434) in Utica, New York, on Sept. 2, 2014.
The Debtor disclosed total assets of $13.76 million and total
liabilities of $35.48 million.  Judge Diane Davis presides over
the case.  The Debtor is represented by Jeffrey A. Dove, Esq., at
Menter, Rudin & Trivelpiece, P.C.


INTELLICELL BIOSCIENCES: Amends Previously Filed Reports With SEC
-----------------------------------------------------------------
Intellicell Biosciences, Inc., had restated its annual report on
Form 10-K for the year ended Dec. 31, 2013, and quarterly report
on Form 10-Q for the period ended March 31, 2014, to reflect
certain corrections made in connection with the Company's
accounting for the application of fair value assessment for
transactions involving derivative obligations related to the
issuance of convertible debt instruments.

The Company also detected errors in the recording of debt
discounts, upon issuance of debt instruments.  These incorrectly
recorded debt discounts also affected amortization expense for the
fiscal year ended Dec. 31, 2013.

For the year ended Dec. 31, 2013, the Company reported a revised
net loss of $15.86 million compared to a net loss of $11.14
million as reported.

The Company reported a net loss of $10.24 million for the three
months ended March 31, 2014, compared to a net loss of $13 million
as previously reported.

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

                         http://is.gd/FmjbVZ

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

                         http://is.gd/OOLq6u

                    About Intellicell Biosciences

Intellicell BioSciences, Inc., headquartered in New York, N.Y.,
was formed on Aug. 13, 2010, under the name "Regen Biosciences,
Inc." as a pioneering regenerative medicine company to develop and
commercialize regenerative medical technologies in large markets
with unmet clinical needs.  On Feb. 17, 2011, the company changed
its name from "Regen Biosciences, Inc." to "IntelliCell
BioSciences Inc".  To date, IntelliCell has developed proprietary
technologies that allow for the efficient and reproducible
separation of stromal vascular fraction (branded
"IntelliCell(TM)") containing adipose stem cells that can be
performed in tissue processing centers and in doctors' offices.

The Company's balance sheet at March 31, 2014, showed $4.09
million in total assets, $20.95 million in total liabilities and a
$16.85 million total stockholders' deficit.

                           Going Concern

"The condensed consolidated financial statements have been
prepared on a going concern basis which assumes the Company will
be able to realize its assets and discharge its liabilities in the
normal course of business for the foreseeable future.  The Company
has incurred losses since inception resulting in an accumulated
deficit of $61,421,672 and a working capital deficit of
$23,780,066 as of March 31, 2014, respectively.  Further losses
are anticipated in the continued development of its business,
raising substantial doubt about the Company's ability to continue
as a going concern.  The ability to continue as a going concern is
dependent upon the Company generating profitable operations in the
future and/or to obtain the necessary financing to meet its
obligations and repay its liabilities arising from normal business
operations when they come due.  Management intends to finance
operating costs over the next twelve months with existing cash on
hand and a private placement of common stock or other debt or
equity securities.  There can be no assurance that we will be able
to obtain further financing, do so on reasonable terms, or do so
on terms that would not substantially dilute our current
stockholders' equity interests in us.  If we are unable to raise
additional funds on a timely basis, or at all, we probably will
not be able to continue as a going concern," the Company said in
the quarterly report for the period ended March 31, 2014.


INTELLICELL BIOSCIENCES: Amends Q3 2013 Quarterly Report
--------------------------------------------------------
Intellicell Biosciences, Inc., had amended its quarterly report on
Form 10-Q/A filed with the U.S. Securities and Exchange Commission
on Nov. 25, 2013, to reflect certain corrections made in
connection with the Company's accounting for the application of
fair value assessment for transactions involving derivative
obligations related to the issuance of convertible debt
instruments.  The transactions include:

    (1) derivative valuation at inception of the debt instrument;

    (2) upon conversion of the instrument to common stock;

    (3) upon assignment of the debt instrument; and

    (4) upon valuation of the derivative at Sept. 30, 2013.

The Company also detected errors in the recording of debt
discounts, upon issuance of debt instruments.  These incorrectly
recorded debt discounts also affected amortization expense for the
quarter ended Sept. 30, 2013.

As restated, the Company reported a net loss of $4.47 million for
the three months ended Sept. 30, 2013, compared to a net loss of
$1.81 million as previously reported.

For the nine months ended Sept. 30, 2013, the Company reported a
revised net loss of $9.45 million compared to a net loss of $6.79
million as previously disclosed.

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

                        http://is.gd/bS2Sl1

                   About Intellicell Biosciences

Intellicell BioSciences, Inc., headquartered in New York, N.Y.,
was formed on Aug. 13, 2010, under the name "Regen Biosciences,
Inc." as a pioneering regenerative medicine company to develop and
commercialize regenerative medical technologies in large markets
with unmet clinical needs.  On Feb. 17, 2011, the company changed
its name from "Regen Biosciences, Inc." to "IntelliCell
BioSciences Inc".  To date, IntelliCell has developed proprietary
technologies that allow for the efficient and reproducible
separation of stromal vascular fraction (branded
"IntelliCell(TM)") containing adipose stem cells that can be
performed in tissue processing centers and in doctors' offices.

Intellicell Biosciences reported a net loss of $11.14 million on
$0 of total net revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $4.15 million on $534,942 of total net
revenues during the prior year.  The Company's balance sheet at
March 31, 2014, showed $4.09 million in total assets, $25.26
million in total liabilities and a $21.16 million total
stockholders' deficit.

                           Going Concern

"The condensed consolidated financial statements have been
prepared on a going concern basis which assumes the Company will
be able to realize its assets and discharge its liabilities in the
normal course of business for the foreseeable future.  The Company
has incurred losses since inception resulting in an accumulated
deficit of $61,421,672 and a working capital deficit of
$23,780,066 as of March 31, 2014, respectively.  Further losses
are anticipated in the continued development of its business,
raising substantial doubt about the Company's ability to continue
as a going concern.  The ability to continue as a going concern is
dependent upon the Company generating profitable operations in the
future and/or to obtain the necessary financing to meet its
obligations and repay its liabilities arising from normal business
operations when they come due.  Management intends to finance
operating costs over the next twelve months with existing cash on
hand and a private placement of common stock or other debt or
equity securities.  There can be no assurance that we will be able
to obtain further financing, do so on reasonable terms, or do so
on terms that would not substantially dilute our current
stockholders' equity interests in us.  If we are unable to raise
additional funds on a timely basis, or at all, we probably will
not be able to continue as a going concern," the Company said in
the quarterly report for the period ended March 31, 2014.


INTELLICELL BIOSCIENCES: YA Global Has 0% Stake as of Oct. 9
------------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, YA Global Master SPV, Ltd., disclosed that as of
Oct. 9, 2014, it does not own any shares of common stock of
Intellicell Biosciences, Inc.

As the Investment Manager of YA Global, Yorkville Advisors Global,
LP, may be deemed to beneficially own the same number of shares of
Common Stock beneficially owned by YA Global.  As a Managing
Partner of Yorkville, the investment manager to YA Global, and as
the portfolio manager to YA Global, Matthew Beckman may be deemed
to beneficially own the same number of shares of Common Stock
beneficially owned by YA Global.

YA Global is the owner of derivative securities which have a cap
that prevents each derivative security from being converted and/or
exercised if such conversion and/or exercise would cause the
aggregate number of shares of Common Stock beneficially owned by
YA Global and its affiliates to exceed 9.9% of the outstanding
shares of the Common Stock following such conversion and/or
exercise of the derivative security.  In addition, the cap
pertaining to the derivative securities limits YA Global's
entitlement to 9.9% of the Common Stock Deemed Outstanding of the
Company for purposes of any corporate vote.

A copy of the Schedule 13G is available for free at:

                         http://is.gd/rql4mR

                    About Intellicell Biosciences

Intellicell BioSciences, Inc., headquartered in New York, N.Y.,
was formed on Aug. 13, 2010, under the name "Regen Biosciences,
Inc." as a pioneering regenerative medicine company to develop and
commercialize regenerative medical technologies in large markets
with unmet clinical needs.  On Feb. 17, 2011, the company changed
its name from "Regen Biosciences, Inc." to "IntelliCell
BioSciences Inc".  To date, IntelliCell has developed proprietary
technologies that allow for the efficient and reproducible
separation of stromal vascular fraction (branded
"IntelliCell(TM)") containing adipose stem cells that can be
performed in tissue processing centers and in doctors' offices.

The Company's balance sheet at March 31, 2014, showed $4.09
million in total assets, $20.95 million in total liabilities and a
$16.85 million total stockholders' deficit.

                           Going Concern

"The condensed consolidated financial statements have been
prepared on a going concern basis which assumes the Company will
be able to realize its assets and discharge its liabilities in the
normal course of business for the foreseeable future.  The Company
has incurred losses since inception resulting in an accumulated
deficit of $61,421,672 and a working capital deficit of
$23,780,066 as of March 31, 2014, respectively.  Further losses
are anticipated in the continued development of its business,
raising substantial doubt about the Company's ability to continue
as a going concern.  The ability to continue as a going concern is
dependent upon the Company generating profitable operations in the
future and/or to obtain the necessary financing to meet its
obligations and repay its liabilities arising from normal business
operations when they come due.  Management intends to finance
operating costs over the next twelve months with existing cash on
hand and a private placement of common stock or other debt or
equity securities.  There can be no assurance that we will be able
to obtain further financing, do so on reasonable terms, or do so
on terms that would not substantially dilute our current
stockholders' equity interests in us.  If we are unable to raise
additional funds on a timely basis, or at all, we probably will
not be able to continue as a going concern," the Company said in
the quarterly report for the period ended March 31, 2014.


INTERMETRO COMMUNICATIONS: Fires Chief Financial Officer
--------------------------------------------------------
InterMetro Communications, Inc., terminated Mr. David Olert from
his position as the Company's chief financial officer, according
to a Form 8-K filed with the U.S. Securities and Exchange
Commission.

The Company engaged James Winter, the Company's Director of
Finance and an employee of the Company for seven years, to act as
interim chief financial officer until a permanent replacement is
found.

Mr. Winter, age 34, has served as the Company's director of
finance since 2009.  Prior to this role, he served as the
Company's accounting manager.  Prior to joining InterMetro in
2007, Mr. Winter served as Sr. Underwriter for The Lending
Company, a national mortgage lending institution.  Mr. Winter
attended California State University, Fullerton.

                          About InterMetro

Simi Valley, Calif.-based InterMetro Communications, Inc.,
-- http://www.intermetro.net/-- is a Nevada corporation which
through its wholly owned subsidiary, InterMetro Communications,
Inc. (Delaware), is engaged in the business of providing voice
over Internet Protocol ("VoIP") communications services.

InterMetro Communications reported a net loss of $2.45 million on
$11.57 million of net revenues for the year ended Dec. 31, 2013,
as compared with net income of $699,000 on $20.06 million of net
revenues in 2012.

As of June 30, 2014, the Company had $3.36 million in total
assets, $15.73 million in total liabilities and a $12.36 million
total stockholders' deficit.

Gumbiner Savett Inc., in Santa Monica, California, issued a "going
cocern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2013.  The independent auditors noted that
the Company incurred net losses in previous years, and as of
Dec. 31, 2013, the Company had a working capital deficit of
approximately $12,082,000 and a total stockholders' deficit of
approximately $12,426,000.  The Company anticipates that it will
not have sufficient cash flow to fund its operations in the near
term and through fiscal 2014 without the completion of additional
financing.  These factors, among other things, raise substantial
doubt about the Company's ability to continue as a going concern


INVERNESS DISTRIBUTION: Revolution Acquires Morgan Creek Library
----------------------------------------------------------------
Marc Graser, Senior Editor at Variety.com, reports that Revolution
Studios said Tuesday it has acquired Inverness Distribution
Limited's international distribution rights and copyrights of
Morgan Creek's film library for $36.75 million.

Gregg Kilday at The Hollywood Reporter relates that the deal was
made through a competitive auction.

Variety.com says that KPMG oversaw the liquidation of Morgan
Creek's library, which includes 64 titles, on behalf of a
syndicate of banks that included Societe Generale, Bank of
Ireland, Santander, Commerzbank, and ING through the Chapter 11
sales process.

According to Variety.com, Morgan Creek retains domestic rights.

Headquaretered in New York, Inverness Distribution Limited, aka
Morgan Creek International Limited, filed for Chapter 11
bankruptcy protection (Bankr. S.D.N.Y. Case No. 11-15939) on Dec.
30, 2011.  Ira S. Greene, Esq., at Hogan Lovells US LLP, serves as
the Debtor's bankruptcy counsel.  The Debtor estimated its debts
at between $50 million and $100 million, but didn't state any any
amount for its assets.  The petition was signed by Michael
Morrison and Charles Thresh, joint provisional liquidators.


INVISTA BV: Moody's Assigns 'Ba1' Corporate Family Rating
---------------------------------------------------------
Moody's Investors Service assigned a Ba1 Corporate Family Rating
(CFR) to INVISTA B.V. (IBV) and rated the proposed senior secured
notes of INVISTA Finance LLC, Ba1. INVISTA Finance LLC is an
indirect, wholly-owned subsidiary of INVISTA B.V. (IBV), which
will guarantee the senior secured notes. The proceeds from the
proposed notes will be used to repay borrowings under IBV's two
revolving credit facilities ($420 million as of June 30, 2014) and
fund future capital expenditures. Additionally, Moody's withdrew
the rating on INVISTA's bank credit facility and IBV's long-term
issuer rating. The outlook is stable.

"INVISTA's Ba1 non-investment grade rating reflects the change in
its owner's financial policy of operating the company on an
unlevered basis and the decision to issue secured debt", stated
James Wilkins, a Moody's Vice President.

The following summarizes the ratings activity:

Ratings assigned:

INVISTA B.V.

Corporate Family Rating - Ba1
Probability of Default Rating - Ba1-PD

INVISTA Finance LLC

Senior secured notes due 2019 -- Ba1, LGD3

Ratings Withdrawn:

INVISTA B.V.

Long Term Issuer Rating -- WR from Baa3

INVISTA S.A.R.L.

$250 million bank credit facility -- WR from Baa3

Outlook: Stable

Ratings Rationale

IBV's Ba1 ratings is driven by its financial policy and secured
capital structure. IBV operated without significant third party
debt through the end of 2013, following the decision by its
parent, Koch Industries, to contribute capital to IBV in 2009-2011
to repay all of its debt. IBV is now investing capital for new
plants, capacity expansion projects, improvements to existing
operations, a corporate ERP system as well as other areas, that
require external financing. The decision to seek third party
financing, rather than additional funding from Koch Industries,
represents a change from its prior financial policy, under which
the company operated without meaningful third party debt.
Additionally, the choice of issuing secured debt is typical of a
non-investment grade capital structure. IBV will significantly
increase its leverage to approximately 2.4x as of June 30, 2014,
on a pro forma basis, up from 2.0x (including Moody's standard
analytical adjustments), although following completion of the
capital projects, Moody's expect IBV's leverage metrics will be
lower and continue to be supportive of a higher rating.

INVISTA's ratings are supported by its business profile (including
meaningful market shares and diversified operations) and scale (as
measured by revenues of approximately $6 billion). The company has
improved its profit margins over the past five years (EBITDA
margin was 12% for the last twelve months ended June 30, 2014) and
generates substantial retained cash flow. However, it will not
generate positive free cash flow through mid 2016 as it spends
heavily on capital projects. The commodity nature of IBV's
products, swings in working capital requirements, raw material
volatility and lack of backward vertical integration into key raw
material feedstocks, are limiting factors for the rating. A weak
market for nylon intermediates has also negatively impacted
profits.

The stable outlook reflects Moody's expectation that INVISTA will
continue to generate substantial retained cash flow. Moody's would
not consider upgrading INVISTA's ratings given its current
financial policies and secured capital structure, even though
Moody's expect the company's leverage metrics will be supportive
of a higher rating. Should the company increase leverage above
3.5x or if retained cash flow / debt dropped below 20%, Moody's
would consider lowering the rating.

The principal methodology used in this rating was the Global
Chemical Industry Rating Methodology published in December 2013.
Other methodologies used include Loss Given Default for
Speculative-Grade Non-Financial Companies in the U.S., Canada and
EMEA published in June 2009.

INVISTA B.V. is headquartered in the United States and is one of
the world's leading producers of chemical intermediates, polymers
and fibers for use in the manufacture of nylon and spandex. The
company is an independently managed, wholly-owned, indirect
subsidiary of Wichita, Kansas based Koch Industries, Inc. Net
sales were $5.9 billion in for the last 12 months ending June 30,
2014.


INVISTA BV: S&P Retains 'BB+' CCR; Outlook Stable
-------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'BBB'
issue rating and '1' recovery rating to INVISTA Finance LLC's (a
subsidiary of INVISTA B.V.) proposed $750 million senior secured
notes due 2019.  The '1' recovery rating indicates S&P's
expectation for very high (90% to 100%) recovery in the event of a
payment default.  The company will use the proceeds to repay
existing debt under the revolving credit facilities and fund
future capital spending.  The existing ratings on INVISTA B.V.,
including the 'BB+' corporate credit rating, are unchanged.  The
outlook is stable.

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

Ratings List

INVISTA B.V.
Corporate Credit Rating              BB+/Stable/--

New Rating

INVISTA Finance LLC
$750 mil sr secd notes due 2019      BBB
  Recovery Rating                     1


ITR CONCESSION: Hires RL&F as Special Committee Counsel
-------------------------------------------------------
ITR Concession Company LLC and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the Northern
District of Illinois to employ Richards, Layton & Finger, P.A.
("RL&F") as counsel to the special committee of the Board of
Directors of Debtor Statewide Mobility Partners LLC nunc pro tunc
to the Sept. 21, 2014 petition date.

Subject to further Court order, and pursuant to the Engagement
Letter, RL&F will serve as counsel to the Special Committee in
connection with the Special Committee's duties and
responsibilities for, among other things, running the process to
effectuate a sale of all or substantially all of the assets of the
Debtor Statewide Mobility Partners LLC and its subsidiaries.

RL&F will be paid at these hourly rates:

       Mark D. Collins         $800
       Srinivas Raju           $700
       Michael J. Merchant     $625
       William A. Romanowicz   $340
       Lindsey Edinger         $235
       Directors               $560-$800
       Counsels                $490
       Associates              $250-$465
       Paraprofessionals       $235

RL&F will also be reimbursed for reasonable out-of-pocket expenses
incurred.

On Sept. 19, 2014, the Debtors paid RL&F a total retainer of
$75,000 in connection with RL&F's representation of the Special
Committee.  Prior to the Petition Date, RL&F drew down the
Retainer in connection with work performed and expenses incurred
pursuant to RL&F's representation of the Special Committee.

Mark D. Collins, director of RL&F, assured the Court that the firm
is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

The Court for the Northern District of Illinois will hold a
hearing on the application on Oct. 28, 2014, at 11:00 a.m.
Objections, if any, are due Oct. 21, 2014, at 4:00 p.m.

RL&F also intends to make reasonable efforts to comply with the
U.S. Trustee's requests for additional information and additional
disclosures set forth in the Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. section 330 by Attorneys in Larger Chapter 11 Cases
Effective as of Nov. 1, 2013 (the "Revised UST Guidelines"), both
in connection with the Application and interim and final fee
applications to be filed by RL&F in these chapter 11 cases.

RL&F can be reached at:

       Mark D. Collins, Esq.
       RICHARDS, LAYTON & FINGER, P.A.
       One Rodney Square
       920 North King Street
       Wilmington, DE 19801
       Tel: (302) 651-7531
       E-mail: collins@rlf.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 Marc Kieselstein, Esq., Chad J. Husnick,
Esq., Jeffrey D. Pawlitz, Esq., and Gregory F. Pesce, Esq., at
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: Hires UBS Securities as Investment Banker
---------------------------------------------------------
ITR Concession Company LLC and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the Northern
District of Illinois to employ UBS Securities LLC as investment
banker and financial advisor to the special committee of the Board
of Directors of Debtor Statewide Mobility Partners LLC nunc pro
tunc to the Sept. 21, 2014 petition date.

UBS Securities, as financial advisor for the Special Committee,
will provide these services upon the request of the Special
Committee:

   (a) advise and assist the Special Committee in analyzing,
       structuring, negotiating and effecting any Sale
       Transactions, including evaluating potential Sale
       Transactions and assisting the Special Committee in
       structuring, negotiating, and effecting the terms of a Sale
       Transaction;

   (b) provide, or arrange for its affiliates to provide, debt
       financing that will be available to prospective buyers in
       connection with a Sale Transaction to finance a portion of
       the consideration to be paid in connection with such Sale
       Transaction;

   (c) at the Special Committee's request, UBS Securities will
       meet with and provide information and updates on a regular
       basis to the Statewide Board of Directors and the Committee
       of Secured Parties and its respective legal counsel and
       financial advisors; and

   (d) provide testimony in these chapter 11 cases on behalf of
       the Special Committee with respect to any of the foregoing,
       if necessary.

Subject to the Court's approval, UBS Securities intends to charge
for services rendered to the Special Committee in these chapter 11
cases pursuant to the terms and conditions of the Engagement
Letter. The Engagement Letter sets forth the terms for the payment
of UBS Securities, which include these fees:

   (a) Transaction Fee.  Upon the closing of a Sale Transaction
       UBS Securities shall earn a single fee, equal to (i)
       $8,000,000 plus (ii) 1.75 percent of Transaction Value for
       amounts in excess of $4,500,000,000 (the "Transaction
       Fee"); and

   (b) Monthly Fee.  UBS Securities shall be entitled to receive a
       monthly fee of $200,000, payable on the first day of each
       month during the Term commencing on August 1, 2014
       (collectively, the "Monthly Fees"); provided that (a) in no
       event shall the aggregate of all monthly fees exceed
       $1,400,000 and (b) all monthly fees paid to UBS Securities
       shall be credited against any Transaction Fee payable under
       the terms of the Engagement Letter.

In addition to any fees payable to UBS Securities, under the terms
of the Engagement Letter, the Debtors will reimburse UBS
Securities for all reasonable out-of-pocket expenses, including
legal fees, subject to a $75,000 cap, unless otherwise expressly
approved by the Special Committee.

Charles Otton, managing director of UBS Securities, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

The Court for the Northern District of Illinois will hold a
hearing on the application on Oct. 28, 2014, at 11:00 a.m.
Objections, if any, are due Oct. 21, 2014, at 4:00 p.m.

UBS Securities can be reached at:

       Charles Otton
       UBS SECURITIES LLC
       1285 Avenue of the Americas
       New York, NY 10019
       Tel: +1 (212) 713-2000

                       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 Marc Kieselstein, Esq., Chad J. Husnick,
Esq., Jeffrey D. Pawlitz, Esq., and Gregory F. Pesce, Esq., at
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.


JACQUELINE MELCHER: Sanctions Imposed on 'Vexatious' Litigant
-------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that U.S. District Judge Ronald M. Whyte in San Jose,
California, sanctioned an individual in Chapter 7 who "opposed
most substantive actions of the trustee to liquidate estate
property," noting that the bankrupt's conduct, which resulted in
more than 1,700 docket entries, was "clearly unreasonable and
vexatious."

The case is In re Jacqueline C. Melcher, 13-04930, U.S. District
Court, Northern District California (San Jose).


KELLERMEYER BERGENSONS: Moody's Assigns B3 Corp. Family Rating
--------------------------------------------------------------
Moody's Investors Service assigned a B3 corporate family rating
and a B3-PD probability of default rating to Kellermeyer
Bergensons Services, LLC ("KBS"). At the same time, Moody's
assigned a B2 rating to the company's proposed first lien senior
secured credit facilities, including a $148 million term loan due
2021 and a $30 million revolving credit facility due 2019, and a
Caa2 rating to proposed $65 million second lien senior secured
term loan due 2022. The rating outlook is stable. This is the
first time Moody's has assigned ratings to this issuer.

GI Partners (the sponsor) has entered into a definitive agreement
to acquire KBS, currently majority-owned by Kohlberg & Company.
The acquisition will be financed with the proceeds from $240
million of first lien and second lien senior secured credit
facilities and an equity contribution from the sponsor.

The following rating actions were taken:

Issuer: Kellermeyer Bergensons Services, LLC:

Corporate family rating, assigned B3;

Probability of default rating, assigned B3-PD;

Proposed $148 million first lien senior secured term loan due
2021, assigned B2 LGD3-38%;

Proposed $30 million first lien senior secured revolving credit
facility due 2019, assigned B2 LGD3-38%;

Proposed $65 million second lien senior secured term loan due
2022, assigned Caa2 LGD5-88%;

The rating outlook is stable.

Ratings Rationale

The B3 corporate family rating reflects the relatively small size
and scale of KBS compared to some of its rated consumer and
business services peers, high pro forma debt leverage of nearly
7.0x debt-to-EBITDA (inclusive of Moody's standard adjustments and
certain one-time items), weak pro forma EBITA-to-interest coverage
of about 1.5x, and high customer concentration. The rating also
reflects potential longer term risks associated with shareholder-
friendly actions given the company's private equity ownership. The
rating is supported by the non-discretionary nature of KBS'
services, which translates into stable recurring revenues. The
company's variable cost structure and the resulting relative
stability of adjusted EBITDA margins, broad geographic footprint
across the United States, long-term relationships with major
customers in the retail industry, and increasing outsourcing
trends further support the rating. The rating also reflects
Moody's expectation for modest revenue growth and for positive
free cash flow to be applied towards debt reduction in the next 12
to 18 months.

The B2 rating on the first lien senior secured credit facilities
reflects their first priority interest in all assets and capital
stock of the company and its guarantors. The Caa2 rating on the
second lien facilities reflects their junior position in the
capital structure, and therefore their loss absorption.

Moody's expects KBS to maintain an adequate liquidity position
over the near term supported by modest free cash flow generation
and the availability under the new $30 million revolving credit
facility due 2019, which is expected to remain largely undrawn.
However, the liquidity is constrained by limited cash balances and
the credit agreement's net leverage maintenance covenant, which
will include step-downs.

The stable rating outlook reflects Moody's expectation of low to
mid single digit revenue growth driven by new customer wins and
existing customers, stable operating margins, and positive free
cash flow to be applied to debt reduction such that leverage
declines towards 6.0x in the next 12 to 18 months.

Upward rating pressure may occur if the company improves its
revenue size and operating scale while maintaining profitability
and generating strong free cash flow, if EBITA-to-interest
coverage increases above 2.0x and leverage declines comfortably
below 6.0x, while conservative financial policies and good
liquidity are maintained.

The ratings could be lowered if Moody's anticipates diminished
revenues or profits due to customer losses or pricing pressure to
slow the pace of deleveraging and weaken free cash flow. A
liquidity deterioration or a debt-financed acquisition could also
pressure the ratings.

The principal methodology used in this rating was Global Business
& Consumer Service Industry Rating 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.

Kellermeyer Bergensons Services, LLC ("KBS"), based in Maumee,
Ohio and Oceanside, California, is a national provider of
outsourced janitorial services primarily to the retail industry.
The company serves over 14,000 customer locations across 50
states, Puerto Rico and Canada. KBS was created as a result of a
merger between Kellermeyer Building Services (founded in 1967) and
Bergensons Property Services (founded in 1984) in 2011.


KELLERMEYER BERGENSONS: S&P Assigns 'B' CCR; Outlook Stable
-----------------------------------------------------------
Standard & Poor's Ratings Services assigned Maumee, Ohio-based
Kellermeyer Bergensons Services LLC (KBS) its 'B' corporate credit
rating.  The rating outlook is stable.

At the same time, S&P assigned KBS' new $30 million senior secured
revolving credit facility and $148 million senior secured first-
lien term loan an issue-level rating of 'B' (at the same level as
the corporate credit rating on the company).  The recovery rating
is '3', reflecting S&P's expectation of meaningful (50%-70%)
recovery for lenders in case of a payment default.

S&P also assigned the company's new $65 million senior secured
second-lien term loan its 'CCC+' issue-level rating (two notches
lower than the corporate credit rating.  The recovery rating on
this term loan is '6', reflecting S&P's expectation of negligible
(0-10%) recovery for lenders in the case of a payment default.

"Our ratings on KBS reflect our view that the company's leverage
materially increases to around 7x with the sale of the company to
private equity sponsor GI Partners, from around 4x prior to the
acquisition," said Standard & Poor's credit analyst Jacqueline
Hui.  "We expect positive operating performance, including the
annualizing of new contract wins and less transaction-related
costs, over the next year, and as such, we believe credit metrics
will improve."

Standard & Poor's ratings on KBS also include S&P's assessment of
the company's small size and narrow focus in the highly
competitive and fragmented outsourced janitorial services
industry, and its concentration of retail customers.


KID BRANDS: Seeks Approval of Disney Settlement Over Asset Sale
---------------------------------------------------------------
Kid Brands, Inc., et al., ask the U.S. Bankruptcy Court for the
District of New Jersey to approve a settlement between the Debtors
and Disney Consumer Products, Inc., relating to the sale of
certain assets.

Disney CPI informally objected to the Debtors' motions to sell
certain assets on the grounds, inter alia, that the motions sought
to sell certain assets, namely certain Disney-branded inventory
and tooling that Disney CPI believes belong to Disney CPI or its
affiliates and are, therefore, not property of the Debtors'
bankruptcy estates.

The Debtors subsequently amended the motions and sale orders.
Disney CPI consented to entry of the Sale Orders, which contain
provisions otherwise reserving to Disney CPI the right to assert
all arguments with respect to the Disney Assets, and making clear
that Disney CPI was not waiving any intellectual property or
licensing rights in connection with its consent to the sales.

The Debtors and Disney CPI have reached a settlement to allow the
Purchasers to acquire the Disney Assets with Disney CPI's consent,
and for Disney CPI to waive any prepetition and postpetition
claims Disney may otherwise assert in connection with all licenses
previously provided to the Debtors, in exchange for the Debtors'
estates releasing any claims or causes of action they may
otherwise seek to assert against Disney CPI and its affiliates.

                        About Kid Brands

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

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

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

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

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

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


KID BRANDS: Wants to Extend Removal Period Until December 15
------------------------------------------------------------
Kid Brands, Inc., et al., ask the U.S. Bankruptcy Court for the
District of New Jersey to extend the time within which the Debtors
may file a notice of removal with respect to any civil action for
an additional 90 days, through and including Dec. 15, 2014.

The Debtors submit that the relief requested is non-controversial
and in the best interests of the Debtors, their estates and their
creditors.  The Debtors are parties to certain civil actions and
need additional time to evaluate those actions.

The disposition of any subsequent civil actions may impact the
Debtors' ability to successfully prosecute these Chapter 11 Cases,
formulate a plan and make a distribution to unsecured creditors.
Kenneth A. Rosen, Esq., at Lowenstein Sandler LLP, in Roseland,
New Jersey -- krosen@lowenstein.com -- tells the Court.  He adds
that extending the Removal Period as requested will not prejudice
any creditors or parties-in-interest.

                        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.


KINDRED HEALTHCARE: Moody's Puts B1 CFR on Review for Downgrade
---------------------------------------------------------------
Moody's Investors Service placed the ratings of Kindred
Healthcare, Inc., including the B1 Corporate Family Rating, under
review for downgrade following the announcement that the company
has entered into a definitive agreement to acquire Gentiva Health
Services, Inc. Under the terms of the agreement, Gentiva
shareholders will receive $14.50 per share in cash and $5.00 of
Kindred common stock. The transaction is valued at $1.8 billion,
including the refinancing of Gentiva's debt. Moody's understands
that the transaction is expected to close in the first quarter of
2015.

Ratings on review for downgrade:

B1 Corporate Family Rating

B1-PD Probability of Default Rating

B1 (LGD 3) senior secured term loan

B3 (LGD 5) senior unsecured notes due 2022

Ratings affirmed:

SGL-2 Speculative Grade Liquidity Rating

Outlook action:

To Rating Under Review From Negative

"We acknowledge the compelling strategic rationale for the
acquisition of Gentiva, but estimate that adjusted debt to EBITDA
will initially be quite high at approximately 6.0 times," said
Dean Diaz, a Moody's Senior Vice President. "Our review of
Kindred's B1 Corporate Family Rating will focus on the company's
ability to reduce leverage to publicly disclosed targets over the
next two years while successfully integrating Gentiva's
operations," continued Diaz. "If we become comfortable that
Kindred can meet its leverage targets, we could confirm Kindred's
ratings at current levels. If we do lower Kindred's ratings, given
our current expectations, we do not expect that we would lower the
company's Corporate Family Rating greater than one notch", added
Diaz.

Combining with Gentiva will rapidly accelerate Kindred's presence
in the home health and hospice service lines. Kindred's strategy
of offering a full suite of post-acute care services in its core
markets is unique and will enable the company to better adapt to
changing payment models for healthcare services and to manage a
patient's care through various care settings. However, the
combination will also increase Kindred's exposure to Medicare
reimbursement. Moody's also believes that there could be
integration risks as the acquisition would be relatively large
compared to Kindred's existing home health and hospice businesses
and would significantly increase the size of its smallest
operating segment.

Moody's review of the ratings will focus on Kindred's final
financing plans, which include the issuance of $1.3 to $1.4
billion in new debt as well as additional equity offerings, the
timeframe for achieving synergies, and the time it will take to
reduce leverage. Moody's will also evaluate the underlying
operating trends and operating results given recent restructuring
efforts at both companies. Further, Moody's will consider the
magnitude of the current transaction and whether it indicates a
more aggressive posture by Kindred's management concerning its
growth plans.

Ratings Rationale

Kindred's current B1 Corporate Family Rating reflects Moody's
expectation that the company will continue to operate with high
leverage. Moody's expects that the company will begin to grow
revenue and EBITDA off of a lower base now that the majority of
its repositioning strategy, which included the selling or exiting
of noncore assets and markets, is significantly complete. Moody's
also considers the scale and diversity of the company and its
position as one of the largest post acute care service providers
with a significant presence across the post acute care continuum.
However, the rating also incorporates Moody's consideration of
risk associated with a high reliance on the Medicare program as a
source of revenue and the expectation that the company will pursue
acquisitions to fill out service line offerings in certain
targeted markets.

The principal methodology used in this rating was Global
Healthcare Service Providers published in December 2011. Other
methodologies used include Loss Given Default for Speculative-
Grade Non-Financial Companies in the U.S., Canada and EMEA
published in June 2009.

Kindred Healthcare, Inc. provided healthcare services in 97 long-
term acute care hospitals (LTCH), five inpatient rehabilitation
hospitals, 98 nursing centers, six assisted living facilities, 153
hospice, home care and private duty services locations, and
operated a contract rehabilitation services business, RehabCare,
as of June 30, 2014. For the twelve months ended June 30, 2014,
the company recognized revenue in excess of $5.0 billion after
accounting for the provision for doubtful accounts.


LIGHTSQUARED INC: Wants Falcone Suits Against GPS and U.S. Halted
-----------------------------------------------------------------
Joseph Checkler, writing for Daily Bankruptcy Review, reported
that LightSquared Inc. wants its bankruptcy judge to halt Philip
Falcone's lawsuits against the global positioning systems industry
and the U.S. government until after LightSquared is out of
bankruptcy.  According to the report, LightSquared said the
bankruptcy court has the power to stop these suits filed by Mr.
Falcone's Harbinger Capital Partners, which currently controls
LightSquared's equity.  The money Harbinger is going after,
LightSquared said, is actually money that could also belong to the
LightSquared estate, the report related.

                     About LightSquared Inc.

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

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

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

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


MEDICAL ALARM: Incurs $48,000 Net Loss in March 31 Quarter
----------------------------------------------------------
Medical Alarm Concepts Holdings, Inc., filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing a net loss of $48,452 on $246,903 of revenue for
the three months ended March 31, 2014, compared to net income of
$105,392 on $179,110 of revenue for the same period in 2013.

For the nine months ended March 31, 2014, the Company reported net
income of $222,587 on $768,494 of revenue compared to net income
of $3.45 million on $464,475 of revenue for the same period a year
ago.

The Company's balance sheet at March 31, 2014, showed $1.19
million in total assets, $3.25 million in total liabilities and a
$2.06 million total stockholders' deficit.

"As reflected in the accompanying consolidated financial
statements, as of March 31, 2014, the Company has working capital
deficit of $684,504; did not generate significant cash from its
operations; had stockholders' deficit of $2,064,067 and had
operating loss for prior three years.  These circumstances, among
others, raise substantial doubt about the Company's ability to
continue as a going concern," the Company stated in the report.

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

                        http://is.gd/hh0oac

                        About Medical Alarm

Plymouth Meeting, Pa.-based Medical Alarm Concepts Holding, Inc.,
utilizes new technology in the medical alarm industry to provide
24-hour personal response monitoring services and related products
to subscribers with medical or age-related conditions.


MF GLOBAL: Brokerage Unsecured Creditors May Get 90%
----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Kevin Starke, a managing director at CRT Capital
Group LLC, said unsecured creditors of the MF Global Inc.
brokerage, who are only receiving a first interim distribution of
23 percent of their claims, are ultimately likely to recover 90
percent or more.  According to the report, Starke, a Connecticut-
based analyst who has been following MF Global since it went
bankrupt, said buyers are quoting unsecured claims against the
broker in the mid-70 cents on the dollar.

MF Global's $325 million in 6.25 percent senior unsecured bonds
due 2016 traded on Sept. 26 for 43.625 cents on the dollar, the
Bloomberg report said, citing Trace, the bond-price reporting
system of the Financial Industry Regulatory Authority.

                         About MF Global

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

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

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

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

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

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

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

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

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

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

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


MILLER AUTO: Court Must Deny DIP Motion, Creditors Committee Says
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors appointed in the
bankruptcy cases of Miller Auto Parts & Supply Company Inc. and
its debtor-affiliates asks the U.S. Bankruptcy Court for the
Northern District of Georgia to deny the Debtors' motion for an
order authorizing secured postpetition financing.

The Court must deny the relief sought in the Debtors' DIP
Financing Motion because both the protections and the control
provisions offered to FCC, LLC, doing business as First Capital,
violate the Bankruptcy Code and are grossly overreaching and
excessive, the Creditors Committee says.

Through the guise of providing postpetition financing, First
Capital seeks to (a) insulate its prepetition debt and security
interests from any challenges from any party in interest, and (b)
effectively control the Debtors' jointly administered bankruptcy
cases, alleges Joseph M. Coleman, Esq., at Kane Russell Coleman &
Logan PC, in Dallas, Texas -- jcoleman@krcl.com -- on behalf of
the Creditors Committee.

In exchange for the use of First Capital's alleged cash
collateral, First Capital asks the Court to deem that use to
constitute a postpetition loan worthy of a priming lien status
under Section 364(d) of the Bankruptcy Code, Mr. Coleman contends.
He asserts that the DIP financing protections offered by the
Debtors to First Capital would constitute impermissible
overreaching even in the event First Capital was advancing new,
additional, funds.  However, he notes, the numerous and onerous
protections and control provisions are especially inappropriate in
these bankruptcy cases because of one simple and inescapable fact:
First Capital is not truly a DIP lender.

In exchange for the minor concession of allowing the Debtors to
use cash collateral (while otherwise not increasing the total
amount of First Capital's prepetition debt), First Capital is
extracting draconian measures from the Debtors in addition to the
protections, Mr. Coleman alleges.  He adds that the protections
and control provisions demanded by First Capital are egregious.

                     About Miller Auto Parts

Miller Auto Parts & Supply Company, Inc., and its affiliates are
distributors of automotive parts and service equipment.  The
companies operate from the Johnson Industries Inc.'s headquarters
in Atlanta, Georgia and have distribution operations in the
southeast, northeast and on-line.  The Southeastern distribution
center is located in Norcross, Georgia and supports nine satellite
centers across the state and supplies parts to key fleet customers
across the country.

Miller Auto Parts and its three subsidiaries sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga.) on Sept. 15, 2014.  The
Debtors have sought joint administration under Lead Case No. 14-
68113.  The cases are assigned to Judge Mary Grace Diehl.

The Debtors have tapped Scroggins & Williamson as counsel and
Logan & Co. as claims and noticing agent.


MOBIVITY HOLDINGS: Appoints New Director to Board
-------------------------------------------------
The board of directors of Mobivity Holdings Corp. appointed
William Van Epps to the Company's board of directors to serve as a
director of the Company until the next annual meeting of the
stockholders of the Company and until his successor is elected and
qualified or until his earlier resignation or removal, according
to a regulatory filing with the U.S. Securities and Exchange
Commission.

Mr. Van Epps, age 66, served as chief executive officer of Agile
Pursuits Franchising, Inc., a wholly-owned subsidiary of The
Procter and Gamble Company, from 2009 to 2011, where he
established Tide Dry Cleaners and Mr. Clean Car Wash operations.
Mr. Van Epps served as president at Papa John's International Inc.
from 2006 to 2009, and as chief operating officer and senior vice
president of Papa John's International Inc. from January 2004 to
2006, where he was responsible for domestic corporate and
franchised restaurant operations and international operations.
Mr. Van Epps also served as managing director of International at
Papa John's International from 2001 to 2004.  Prior to joining
Papa John's, he served as president of the International Division
of Yorkshire Global Restaurants, where he was responsible for the
international development of Long John Silvers and A&W
restaurants.  From 1993 to 1999, Mr. Van Epps served as president
of the International Division at AFC Enterprises where he
developed international brand deployments for Popeye's, Church's
Chicken, Cinnabon, Seattle Coffee Co., and Chesapeake Bakery Cafe.
Mr. Van Epps began his career working alongside Pizza Hut founder,
Frank Carney, where, from 1974 through 1981, he helped expand
Pizza Hut into Hong Kong, Thailand and Singapore while also
overseeing stores in Australia, New Zealand, as well as a joint
venture in Japan.

In connection with his appointment to the board, the Company
granted to Mr. Van Epps Restricted Stock Units, or RSUs,
representing 11,743 shares of common stock of the Company, which
will vest in equal monthly installments commencing on Oct. 31,
2014, and on the last day of the next three months, subject to Mr.
Van Epps continued service on the board through the vesting date.
Pursuant to a RSU Agreement between the Company and Mr. Van Epps,
the Company will issue to Mr. Van Epps 11,743 shares of common
stock of the Company, subject to the vesting of the RSUs, at a
future date as set forth in the RSU Agreement.

                       About Mobivity Holdings

Mobivity Holdings Corp. was incorporated as Ares Ventures
Corporation in Nevada in 2008.  On Nov. 2, 2010, the Company
acquired CommerceTel, Inc., which was wholly-owned by CommerceTel
Canada Corporation, in a reverse merger.  Pursuant to the Merger,
all of the issued and outstanding shares of CommerceTel, Inc.,
common stock were converted, at an exchange ratio of 0.7268-for-1,
into an aggregate of 10,000,000 shares of the Company's common
stock, and CommerceTel, Inc., became a wholly owned subsidiary of
the Company.  In connection with the Merger, the Company changed
its corporate name to CommerceTel Corporation on Oct. 5, 2010.
In connection with the Company's acquisition of assets from
Mobivity, LLC, the Company changed its corporate name to Mobivity
Holdings Corp. and its operating company to Mobivity, Inc, on
Aug. 23, 2012.

Mobivity Holdings reported a net loss of $16.75 million in 2013,
a net loss of $7.33 million in 2012 and a net loss of $16.31
million in 2011.  As of June 30, 2014, the Company had $12.54
million in total assets, $3.52 million in total liabilities and
$9.02 million in total stockholders' equity.


MPM SILICONES: Has Accord to Resolve Trustees' Bid to Compel
------------------------------------------------------------
MPM Silicones, LLC, et al., entered into a Court-approved
stipulation with indenture trustees resolving the Trustees'
emergency motion to compel the Debtors to comply with the Court's
Final DIP Order regarding adequate protection payments.

The Trustees are BOKF, NA, as successor indenture trustee under
that indenture dated as of October 25, 2012, as supplemented by
that certain supplemental indenture, dated as of November 12,
2012, for the 8.875% First-Priority Senior Secured Notes due 2020
issued by Debtor Momentive Performance Materials Inc. and
guaranteed by certain of the Debtors; and Wilmington Trust,
National Association, as successor indenture trustee under that
certain indentures dated as of May 25, 2012, for the 10% Senior
Secured Notes due 2020 issued by MPM and guaranteed by certain of
the Debtors.

The Parties agree that the Confirmation Order will be amended to
include this paragraph:

   "Notwithstanding anything to the contrary in Sections 5.4 and
   5.5 of the Plan and the Final DIP Order, and without any
   concession by the Debtors or the Plan Support Parties of the
   validity of the positions asserted in or relating to the
   Motion to Compel, if the Effective Date occurs on or before
   October 15, 2014, any accrued and unpaid interest with respect
   to the First Lien Notes and the 1.5 Lien Notes arising from
   the Petition Date through the Effective Date shall be paid in
   cash on the Effective Date.  If the Effective Date occurs
   subsequent to October 15, 2014, the rights of all parties are
   fully reserved with respect to the matters set forth in the
   Motion to Compel.  No admission by any party is intended
   hereby."

                   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 Court entered an order confirming the Plan on Sept. 11, 2014.

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.


MPM SILICONES: Resolves Government's Objection to Chapter 11 Plan
-----------------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the
Southern District of New York signed off on a stipulation and
order between MPM Silicones, LLC, et al., and the United States of
America resolving the United States' limited objection to the
Joint Chapter 11 Plan of Reorganization for Momentive Performance
Materials Inc. and its Affiliated Debtors dated July 30, 2014.

The Court confirmed the Plan on September 11, 2014.

The Parties agree to resolve the objection by inserting certain
language in the Confirmation Order as stated on the record at the
Confirmation Hearing.  The language provides that nothing in the
Plan or the Confirmation Order will be deemed to expand the
Court's jurisdiction with respect to determining the federal tax
liability of any person or entity or the federal tax treatment of
any item, distribution or entity, including the federal tax
consequences of the Plan.  The language also provides, among other
things, that no provision in the Plan or the Stipulated Order
relieves the Debtors and the Reorganized Debtors from their
obligations to comply with the Communications Act of 1934 and the
rules, regulations and orders promulgated thereunder by the
Federal Communications Commission.

                   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 Court entered an order confirming the Plan on Sept. 11, 2014.

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.


NAARTJIE CUSTOM: Great American Emerges as Winning Bid in Auction
-----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Naartjie Custom Kids Inc., a designer of children's
clothing, accessories, and footwear, reported that after 116
rounds of bidding at a 12-hour action, Great American Group LLC
came out the winning bidder to conduct going-out-of-business
sales.

According to the report, Great American topped the so-called
stalking horse bid made by a joint venture between Hilco Merchant
Resources LLC and Gordon Brothers Retail Partners LLC, which bid
guaranteed that Naartjie would receive 80% of the cost of the
merchandise.  The Bloomberg report said Great American's offer
guarantees 116.8 percent of cost, which represents an increase of
about $2.6 million in additional value to the estate.

                   About Naartjie Custom Kids

Naartjie Custom Kids, Inc., which designs, manufactures and sells
children's clothing, accessories and footwear for ages newborn
through 10 years old, sought protection under Chapter 11 of the
Bankruptcy Code on Sept. 12, 2014 (Bankr. D. Utah Case No. 14-
29666).  The case is assigned to Judge William T. Thurman.

The Debtor's counsel is Annette W. Jarvis, Esq., Jeffrey M.
Armington, Esq., Benjamin J. Kotter, Esq., and Michael F. Thomson,
Esq., at Dorsey & Whitney LLP, in Salt Lake City, Utah.


NESCO LLC: S&P Revises Outlook to Negative & Affirms 'B' CCR
------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on
Bluffton, Ind.-based specialty equipment rental company NESCO LLC
to negative from stable.  S&P also affirmed its 'B' corporate
credit rating on the company.

In addition, S&P is affirming the 'B-' issue-level rating and '5'
recovery rating on the company's senior secured second-lien notes.
The '5' recovery rating indicates S&P's expectation for
noteholders to receive modest (10% to 30%) recovery in the event
of a payment default.

S&P revised the outlook because it believes NESCO's leverage is
likely to remain in excess of 6x for the rating over the next 12
months.  The company used debt to fund its elevated capital
spending during 2014, but S&P expects the company will generate
positive free cash flow and improve its credit measures over the
next year.

NESCO provides specialty rental equipment to transmission and
distribution (T&D) contractors and utilities.  Unfavorable weather
conditions and some project deferrals resulted in weak performance
in the first half of fiscal 2014, but S&P expects operating
performance should strengthen in the second half of 2014 and in
2015 as end-market demand improves.  S&P expects longer-term
industry fundamentals to remain solid as utilities increasingly
outsource T&D maintenance and construction activity and utility
contractors continue to shift toward rentals versus owned
equipment.  NESCO operates from more than 40 locations across the
U.S. and Canada and manages an equipment fleet of more than 3,000
units.  S&P expects the company will maintain its dependence on
the T&D end market, but it should further expand its geographic
presence over time.

S&P expects rentals to continue to account for a majority of the
company's sales, and lower-margin new and used equipment sales to
account for a small portion.  Equipment rentals will likely
continue to be popular, which S&P attributes to utilities and T&D
contractors relying more on rentals rather than purchasing their
own equipment because of uncertainty on future project demand and
relatively long new equipment lead times.  NESCO's cost
flexibility should allow the company to maintain margins that S&P
considers to be above average for an equipment rental company.
S&P views NESCO's business risk profile as "weak."

S&P considers NESCO's financial risk profile to be "highly
leveraged."  As of June 30, 2014, total adjusted debt to EBITDA
was about 6.5x and funds from operation (FFO) to debt was about
9%. Our ratings do not incorporate any significant acquisition or
other meaningful shareholder initiatives.  The "weak" business
risk and "highly leveraged" financial risk profile combination
has two possible anchor outcomes: 'b' and 'b-'.  S&P continues to
select the 'b' anchor because it expects NESCO to generate free
operating cash flow and return cash flow and leverage metrics to
levels commensurate with other 'B' rated issuers.


OMC INC: Voluntary Chapter 11 Case Summary
------------------------------------------
Debtor: OMC, Inc.
        4010 Park Avenue
        Bronx, NY 10457

Case No.: 14-12854

Chapter 11 Petition Date: October 10, 2014

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

Judge: Hon. Martin Glenn

Debtor's Counsel: Dawn Kirby Arnold, Esq.
                  DELBELLO DONNELLAN WEINGARTEN WISE
                    & WIEDERKEHR, LLP
                  One North Lexington Avenue
                  White Plains, NY 10601
                  Tel: 914-681-0200
                  Fax: 914-681-0288
                  Email: dkirby@ddw-law.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Michael Checchi, president.

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


ORLANDO, FL: Moody's Affirms Ba2 Rating on $33.1MM 2nd Lien Bonds
-----------------------------------------------------------------
Moody's Investors Service has affirmed the City of Orlando's Baa2
rating on $178.2 million Series A Senior TDT Revenue Bonds and Ba2
rating on $33.1 million Series B Second Lien Subordinate TDT
Revenue Bonds; the outlooks are stable. The city also has $87.3
million of Third Lien TDT bonds debt outstanding which are not
rated by Moody's.

The Series 2008A bonds are secured by a senior lien and the Series
2008B bonds by a second (subordinate) lien pledge on revenues from
Orlando's 6th cent TDT that compose one-half of a countywide 6th
cent TDT, plus an additional incremental portion ("Installment
Amount" - see below) available through November 2018. TDT revenues
depend solely on the county's temporary lodging and tourism
activity, and as such the ratings benefit from the Orlando MSA's
well-established and sizable tourism economy that retains
favorable long-term growth prospects. The credit standing of the
TDT-secured bonds is not otherwise linked to the city of Orlando's
overall financial performance or credit position. The city of
Orlando carries a Aa1 issuer rating.

The bond structures initially included separate cash-funded debt
service and liquidity reserves for each series, together equal to
100% for maximum annual debt service of the A and B series and 10%
of par for the series C bonds. The bonds were originally issued to
partially finance the construction of an Event Center in the
city's downtown area. The bonds (Series A, B and C) are insured
for payment of principal and interest by Assured Guaranty Corp.
(A3/NEG).

Summary Ratings Rationale

The Baa2 and Ba2 ratings for the senior and second lien
subordinate bonds are based on the favorable long-term collection
history of the TDT, which provides for coverage of senior lien
bonds even in downside scenarios. The lower rating on the
subordinate lien bonds reflects some reliance on continued growth
in the TDT and the subordinate standing in relation to the Series
A bonds. The third lien Series C bonds currently rely on the third
lien reserves to make the scheduled interest-only payments. A
depletion of these third lien reserves over the next 3 to 5 years
is possible and would trigger cross-default provisions on the
senior and subordinate liens. However, Moody's expect there to be
no practical impact on the payments to senior and subordinate lien
bondholders, as the flow of funds to be used in that scenario
provides protection through its lien status payment basis.

The stable outlooks consider the favorable long-term TDT
collection history. TDT revenues have on average grown by 9.4%
annually since 1979, and annual growth of only 2.1% suffices to
avoid a default on the Series C bonds until the 2038 bullet
maturity.

Strengths

-- The TDT is levied on a sizable base with an established
tourism identity as well as favorable convention activity

-- Historic TDT collections show strong results with periodic
declines recouped within two years

-- Priority lien payment status of the Series A and B bonds
preserved in the case of a Series C default

Challenges

-- Insufficiency of contract 6th cent TDT receipts to adequately
cover debt service requirements on all TDT debt

-- City's inability to adjust the TDT

-- Dependency on global and national economic conditions that
affect discretionary travel

Outlook

The stable outlooks consider the favorable long-term TDT
collection history. TDT revenues have on average grown by 9.4%
annually since 1979, and annual growth of only 2.1% suffices to
avoid a default on the Series C bonds until the 2038 bullet
maturity.

What Could Make the Rating Go UP:

-- Significant improvement in contract TDT receipts,
significantly improving coverage

-- Amortization of targeted Series 2008C term bonds

What Could Make the Rating Go DOWN:

-- Additional declines in contract TDT receipts either further
narrowing coverage for either Series A and/ or Series B bonds

-- Economic events that could reduce discretionary travel to the
Orlando area

The principal methodology used in this rating was US Public
Finance Special Tax Methodology published in January 2014.


PANACHE BEVERAGE: Suspends Filing of Reports With SEC
-----------------------------------------------------
Panache Beverage, Inc., has determined to effect a termination of
the registration of its common stock under Section 12(g) of the
Securities Exchange Act of 1934, as amended, by filing a Form 15
with the U.S. Securities and Exchange Commission, according to a
regulatory filing with the U.S. Securities and Exchange
Commission.

The Company is eligible to deregister its common stock because it
has fewer than 300 holders of record of its common stock.  Upon
the filing of the Form 15, the Company's obligation to file
certain reports with the SEC, including Forms 10-K, 10-Q and 8-K,
will be automatically suspended.  Other filing requirements will
terminate upon the effective date of the deregistration, which is
expected to occur 90 days after the filing of the Form 15.

The Company's Board of Directors believes that the anticipated
accounting, legal and administrative cost savings from
deregistration substantially outweigh any benefits of continued
registration and are in the best interests of both the Company and
its stockholders.  In addition, the Company currently has only
limited operating activities and only limited assets on hand and
is currently in discussions with its senior secured lenders with
respect to its available options and alternatives, which are
relatively limited.  Going forward, the Company expects to explore
various strategic alternatives, and in the absence of an
acceptable option, anticipates seeking to dissolve the corporation
either through Chapter 11, Chapter 7 or otherwise.

The Company expects that its common stock will be quoted on the
OTC Pink tier operated by OTC Markets Group, a centralized
electronic quotation service for over-the-counter securities,
following its deregistration, so long as market makers demonstrate
an interest in trading in the Company's common stock.  However,
there is no assurance that trading in the Company's common stock
will continue on the OTC Pink tier or on any other securities
exchange or quotation medium.  Following deregistration, the
Company does not intend to publish periodic financial information
or furnish such information to its stockholders except as may be
required by applicable laws.

Meanwhile, Nicholas Hines resigned as a member of the Board of
Directors of Panache Beverage on Oct. 8, 2014.

                       About Panache Beverage

New York-based Panache Beverage, Inc., specializes in the
strategic development and aggressive early growth of spirits
brands establishing its assets as viable and attractive
acquisition candidates for the major global spirits companies.
Panache builds its brands as individual acquisition candidates
while continuing to develop its pipeline of new brands into the
Panache portfolio.

Panache Beverage reported a net loss of $4.58 million in 2013
following a net loss of $3.27 million in 2012.

As of June 30, 2014, the Company had $5.73 million in total
assets, $13.16 million in total liabilities and a $7.43 million
total deficit.

In their report on the consolidated financial statements for the
year ended Dec. 31, 2013, Silberstein Ungar, PLLC, expressed
substantial doubt about the Company's ability to continue as a
going concern, citing that the Company has limited working capital
and has incurred losses from operations.

As reported by the TCR on Aug. 28, 2014, Silberstein Ungar
resigned as Panache Beverage's independent accounting firm.  KLJ &
Associates, LLP, was hired as the Company's new accountants.


PASCO COUNTY, FL: Moody's Confirms B3 Rating on 1979 Rev. Bonds
---------------------------------------------------------------
Moody's Investors Service has confirmed the Ba3 rating of Pasco
County (FL) Federal Assistance Housing Inc., Mortgage Revenue
Bonds Series 1979. The outlook on the bonds is negative.

Rating Rationale

Following Moody's review of the Project's audited financial
statements for the year ended on September 30, 2014, the
confirmation of the Ba3 rating is supported by the project's weak
financial performance, dependence on transfers from the Pasco
County Housing Authority (the "Authority") in order to cover
operating expense gaps, and history of low occupancy levels. The
negative outlook reflects the possibility for further financial
deterioration and potential need to tap debt service reserves and
other funds to cover debt service on the bonds, in the absence of
additional discretionary financial support from the Authority.

The bonds are secured by revenues and trustee-held reserve funds
from Hudson Hills Manor (the "Project"), a 64-unit multifamily
rental property located in Hudson Hills, Pasco County, Florida.
The pledged revenues also include payments from a Housing
Assistance Payment (HAP) contract with the U.S. Department of
Housing and Urban Development (HUD). The Project continues
receiving discretionary financial support from the Authority,
although the entity is not legally obligated to cover operating
and/or bond debt service gaps.

Strengths:

-- Strong legal structure with gross revenue pledge and closed
loop flow of funds

-- Low loan-to-value

-- Fully funded replacement and debt service reserve funds

-- Additional funds in surplus account which can only be used to
cover shortfalls in the future

Challenges:

-- Continuation of debt service coverage levels below 1.0x

-- History of low physical occupancy and lack of competitive rent
increases

-- Continued dependence on transfers from the Authority to cover
budget gaps

Outlook

The outlook on the bonds is negative, reflecting the possibility
for further financial deterioration and potential need to tap debt
service reserve and other funds to cover debt service on the bonds
in the absence of additional discretionary financial support from
the Authority.

What Could Make The Rating Go Up?

-- A significant and sustained improvement in financial
performance above a 1.00 times debt service coverage level, driven
by increased occupancy levels and competitive rent increases

What Could Make The Rating Go Down?

-- Further financial deterioration due to decline in occupancy,
stagnant rent levels, or disproportionate increase in operating
expenses

-- An instance of tapping of debt service reserve funds in order
to cover debt service


PRECISION OPTICS: Registers 1.7 Million Shares for Resale
---------------------------------------------------------
Precision Optics Corporation, Inc., filed with the U.S. Securities
and Exchange Commission a Form S-1 registration statement relating
to the sale or other disposition of up to 1,717,152 shares of the
Company's common stock by Arnold Schumsky, Bird Asset Management,
LP, Stuart Sternberg, et al.

The Company is not selling any securities in this offering and
therefore will not receive any proceeds from this offering.  All
costs associated with this registration will be borne by the
Company.  The Company's common stock is quoted on the OTCQB under
the symbol "PEYE."  On Oct. 7, 2014, the last reported sale price
of the Company's common stock on the OTCQB was $0.87 per share.

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

                        http://is.gd/pVxFlh

                       About Precision Optics

Headquartered in Gardner, Massachusetts, Precision Optics
Corporation, Inc., has been a developer and manufacturer of
advanced optical instruments since 1982.  The Company designs and
produces high-quality micro-optics, medical instruments and other
advanced optical systems.  The Company's medical instrumentation
line includes laparoscopes, arthroscopes and endocouplers and a
world-class product line of 3-D endoscopes for use in minimally
invasive surgical procedures.

The Company's balance sheet at June 30, 2014, showed $1.83 million
in total assets, $1.09 million in total liabilities, all current,
and $740,584 in total stockholders' equity.

Precision Optics reported a net loss of $1.16 million on $3.65
million of revenues for the year ended June 30, 2014, compared to
a net loss of $1.78 million on $2.51 million of revenues for the
year ended June 30, 2013.  Precision Optics reported a net loss of
$380,434 for the quarter ended March 31, 2014.


PREFERRED CONTRACTORS: A.M. Best Puts 'B' FSR Under Review
----------------------------------------------------------
A.M. Best Co. has placed under review with negative implications
the financial strength rating of B (Fair) and the issuer credit
rating of "bb" for Preferred Contractors Insurance Company Risk
Retention Group, LLC (PCIC) (Billings, MT).

These rating actions follow the filing extension to Sept. 1, 2014,
of the company's second quarter 2014 financial statement granted
by the State of Montana, requiring PCIC to obtain an actuarial
review of loss and loss adjustment expense reviews, as of June 30,
2014.  The under review with negative implications status reflects
A.M. Best's concern that the actuarial review could potentially
result in additional adverse loss reserve development and, in that
event, cause a deterioration in operating performance and risk-
adjusted capitalization.  The ratings will remain under review
until the second quarter filing has been made, at which time the
ratings will likely be taken out from under review following a
review of the company's latest financial position.

A.M. Best continues to monitor quarterly performance of PCIC.  Any
material negative deviation from the business plan in terms of
management, operating profitability and risk profile, or a decline
in its risk-adjusted capitalization could result in negative
rating pressure.  Factors that could lead to positive rating
movement are evidence of sustained favorable operating performance
and credit metrics that improve risk-adjusted capitalization over
the long term.


PRETTY GIRL: Committee Disputes Proposed Cash Collateral Order
--------------------------------------------------------------
Eric J. Snyder, Esq., at Wilk Auslander LLP, in New York --
esnyder@wilkauslander.com -- wrote to The Honorable Sean H. Lane
of the U.S. Bankruptcy Court for the Southern District of New York
to point out three areas of dispute that remain relating to the
proposed Cash Collateral Order in the bankruptcy case of Pretty
Girl, Inc.

Mr. Snyder and his firm are the proposed conflicts counsel for the
Official Committee of Unsecured Creditors of the Debtor.

The Cash Collateral Motion, Mr. Snyder asserts, refers to a
January 28, 2011 loan agreement with a credit limit of $3 million
but does not refer to the execution of any Security Agreement that
is enforceable against the Debtor.  Despite this, he notes, the
Debtor nonetheless concludes that the lender, JP Morgan Chase
Bank, N.A., holds a first priority security interest in all of the
Debtor's assets.

The only security interest that the Committee has been provided,
despite repeated requests, is a security agreement, dated
April 17, 2014, 74 days prior to the July 2, 2014 petition date
and is only securing the sum of $2 million, Mr. Snyder tells the
Court.  He insists that a security agreement is required to be
executed in order for it to be enforceable against the Debtor.

Therefore, Mr. Snyder says, due to the potential avoidability of
the security interest, the Committee does not believe the Bank
should receive a reimbursement of attorney fees (Issue #1).  He
adds that in the same vein, if the Bank's security interest is
avoided, the Committee would like a sentence in the Proposed Order
reflecting that any adequate protection payments paid pursuant to
the Interim Order and contemplated by this Final Order, should be
returned to the Debtor (Issue #2).

The proposed language sought by the Committee is: "Should the
Bankruptcy Court determine that the Bank does not hold a properly
perfected security interest in the Collateral, then all Adequate
Protection Payments paid to the Bank during the bankruptcy
proceeding shall be remitted to the Debtor."

The third issue is the Committee's standing to commence a Bank
Claim Challenge, Mr. Snyder says.  The Committee seeks authority
in this order to commence a Bank Claim Challenge, without the need
for a further order of the Court.

Mr. Snyder informs the Court that the Bank consents to this relief
but the Debtor does not consent to the Committee obtaining this
standing without requiring an additional hearing.

                         Debtor Responds

Nancy L. Kourland, Esq., at Rosen & Associates, P.C., in New York
-- nkourland@rosenpc.com -- the Debtor's counsel, tells Judge Lane
that although the parties have agreed in large measure to the form
of a proposed order, one issue is unresolved as between the Debtor
and proposed conflicts counsel to the Committee and two issues are
unresolved as between counsel for JPMorgan Chase Bank NA and
proposed conflicts counsel for the Committee.

The Debtor objects to the Committee's proposed language because it
cannot preempt the Court's duty under established Second Circuit
precedent to determine whether the commencement of an adversary
proceeding by the Committee is "'necessary and beneficial' to the
fair and efficient resolution of [the] debtor's bankruptcy
proceeding," Ms. Kourland contends, citing Commodore
International, Ltd. v. Gould (In re Commodore International,
Ltd.), 262 F.3d 96, 100 (2d Cir.2001).

Because the proposed language would not achieve the result
intended by the Committee, Ms. Kourland argues that there is no
purpose to include it.

                        About Pretty Girl

Pretty Girl, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 14-11979) on July 2, 2014.  The petition was
signed by Albert Nigri as president.  The Debtor disclosed total
assets of $10.76 million and total liabilities of $12.27 million.
Rosen & Associates, P.C., acts as the Debtor's counsel.

The U.S. Trustee for Region 2 on July 16, 2014, appointed seven
creditors of Pretty Girl, Inc. to serve on the official committee
of unsecured creditors.


QUICKSILVER RESOURCES: Receives Non-Compliance Notice From NYSE
---------------------------------------------------------------
Quicksilver Resources Inc. announced that it received notice from
the New York Stock Exchange that the company has not met the
NYSE's continued listing standard that requires a minimum average
closing price of $1.00 per share over 30 consecutive trading days.

Under the NYSE rules, Quicksilver has six months from the date of
its receipt of the NYSE notice to regain compliance with the
minimum share price requirement, or, if stockholder approval is
required to cure the price deficiency (as would be the case for a
reverse stock split), until the company's next annual meeting of
stockholders.  During that time, Quicksilver's shares will
continue to be listed and will trade on the NYSE, subject to the
company's continued compliance with the NYSE's other applicable
listing rules.

The NYSE notification does not affect Quicksilver's business
operations or its Securities and Exchange Commission reporting
requirements, and does not conflict with any of the Company's
credit agreements or debt and other obligations.  Quicksilver said
it is taking steps to enhance its current and prospective
financial position, including efforts to market company assets,
identify joint venture partners or otherwise engage in strategic
transactions.  Quicksilver has notified the NYSE that it intends
to cure the deficiency.

                         About Quicksilver

Quicksilver Resources Inc. is an exploration and production
company engaged in the development and production of long-lived
natural gas and oil properties onshore North America.  Based in
Fort Worth, Texas, the company is widely recognized as a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999 and is listed on the New York Stock Exchange under the
ticker symbol KWK.  The company has U.S. offices in Fort Worth,
Texas; Glen Rose, Texas; Steamboat Springs, Colorado; Craig,
Colorado and Cut Bank, Montana.  The Company's Canadian
subsidiary, Quicksilver Resources Canada Inc., is headquartered in
Calgary, Alberta.

Quicksilver Resources posted net income of $161.61 million in 2013
following a net loss of $2.35 billion in 2012.  As of June 30,
2014, the Company had $1.05 billion in total assets, $2.16 billion
in total liabilities and a $1.11 billion total stockholders'
deficit.

                           *     *     *

As reported by the TCR on Sept. 30, 2014, Moody's Investors
Service downgraded Quicksilver Resources Inc.'s Corporate Family
Rating (CFR) to Caa3 from Caa1.  "The downgrade to Caa3 reflects
Moody's view that Quicksilver Resources' risk of default has
further increased," said Pete Speer, Moody's Senior Vice
President.

The TCR reported on Oct. 7, 2014, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Quicksilver
Resources Inc. to 'CCC-' from 'CCC+'.  "The downgrade reflects our
view that Quicksilver could undertake a distressed exchange for
its $350 million subordinated notes due 2016 within the next six
months," said Standard & Poor's credit analyst Carin Dehne-Kiley.


RADIOSHACK CORP: Litespeed Reports 8.8% Equity Stake
----------------------------------------------------
In a Schedule 13D filed with the U.S. Securities and Exchange
Commission, Litespeed Management, L.L.C., and its affiliates
disclosed that as of Oct. 3, 2014, they beneficially owned
8,875,000 shares of common stock of RadioShack Corp. representing
8.8 percent of the shares outstanding.  A copy of the regulatory
filing is available for free at http://is.gd/G6xOim

                    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.


RESIDENTIAL CAPITAL: Defective Mortgage Suits Liable to Dismissal
-----------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Residential Capital LLC in large part avoided
dismissal of lawsuits filed in a federal district court in
Minneapolis against Branch Banking & Trust Co., Golden Empire
Mortgage Inc., Mortgage Outlet Inc., and IServe Residential
Lending LLC.

According to the report, U.S. District Judge Patrick J. Schiltz
said it's "clear" that ResCap is barred from suing based on loans
it purchased before May 14, 2006, six years before bankruptcy, but
said he will decide later whether May 14, 2006, is the proper
cutoff date for lawsuits.  Judge Schiltz did dismiss suits based
on loans purchased before that date, the report related.

A Minnesota lawsuit is Residential Funding Co. LLC v. Mortgage
Outlet Inc., 13-3447, U.S. District Court, District of Minnesota
(Minneapolis).

                   About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.

Neither Ally Financial nor Ally Bank is included in the bankruptcy
filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.68 billion in assets and $15.28 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of
its mortgage servicing and origination platform assets to Ocwen
Loan Servicing, LLC and Walter Investment Management Corporation
for $3 billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


ROCKWELL MEDICAL: Inks Distribution Agreement With Rockwell
-----------------------------------------------------------
Rockwell Medical, Inc., had signed an exclusive agreement with
Baxter Healthcare Corporation, a subsidiary of Baxter
International Inc., to commercialize Rockwell's hemodialysis
concentrate product line in the U.S. and in select overseas
markets.

Under the terms of the agreement, Baxter will become the exclusive
distributor of Rockwell's hemodialysis concentrate and ancillary
products in the U.S. and selected foreign countries for an initial
term of 10 years.  Baxter can extend the agreement for two
additional 5-year terms upon meeting certain sales targets,
coupled with a $7.5 million payment related to the first
extension.  Baxter will purchase products from Rockwell at a pre-
determined gross margin-based price per unit and is required to
meet minimum annual purchase levels in order to retain their
exclusive rights.  Baxter will leverage its unique distribution
operations in order to provide specialized customer and delivery
service for concentrates, covering Rockwell's costs for these
services.  Rockwell will retain sales, marketing and distribution
rights for its hemodialysis concentrate products in certain
foreign countries in which it has an established commercial
presence.

In consideration for the exclusive commercialization rights,
Baxter will pay Rockwell $20 million in cash.  Baxter will also
purchase $15 million of Rockwell common stock.  The investment in
Rockwell shares is being made at a price per share equal to the
average closing price of RMTI shares over the last 12 months (or
$11.39 per share).  Rockwell is eligible for milestone payments
totaling $10 million related to the expansion of its manufacturing
capabilities to serve customers across the U.S.

"This long-term, strategic supply and distribution agreement
enables Rockwell to expand and accelerate our hemodialysis
concentrate business, while we continue to strategically build our
drug pharma business in the U.S. and globally," stated Robert L.
Chioini, founder, chairman and CEO of Rockwell.  "We are excited
to be partnering with Baxter, a global market leader who has a
proven track record in the field of dialysis and renal products.
This agreement benefits dialysis patients and service providers by
expanding access to our market leading products in new
territories, while reducing future risk."

Jill Schaaf, corporate vice president and president of Baxter's
Renal business, added, "Baxter remains committed to addressing the
needs of patients and healthcare providers with a comprehensive
range of therapeutic options across home, in-center and hospital
settings.  This partnership enhances Baxter's product portfolio
with the addition of Rockwell's high-quality hemodialysis
concentrate products."

Pursuant to the Investment Agreement, dated as of Oct. 2, 2014,
between the Company and Baxter, the Distributor invested an
additional $15 million in cash in the Company's common stock by
purchasing 1,316,944 shares of common stock of the Company at a
price per share equal to the average closing price of the
Company's shares over the last 12 months ($11.39 per share).  The
closing of the Investment Agreement occurred on Oct. 6, 2014.

Additional information is available for free at:

                          http://is.gd/6ahF12

                            About Rockwell

Rockwell Medical, Inc. (Nasdaq: RMTI), headquartered in Wixom,
Michigan, is a fully-integrated biopharmaceutical company
targeting end-stage renal disease ("ESRD") and chronic kidney
disease ("CKD") with innovative products and services for the
treatment of iron deficiency, secondary hyperparathyroidism and
hemodialysis (also referred to as "HD" or "dialysis").

Rockwell's lead investigational drug is in late stage clinical
development for iron therapy treatment in CKD-HD patients.  It is
called Soluble Ferric Pyrophosphate ("SFP").  SFP delivers iron to
the bone marrow in a non-invasive, physiologic manner to
hemodialysis patients via dialysate during their regular dialysis
treatment.

Rockwell Medical reported a net loss of $48.78 million in 2013, a
net loss of $54.02 million in 2012 and a net loss of $21.44
million in 2011.

As of June 30, 2014, the Company had $25.88 million in total
assets, $29.79 million in total liabilities and a $3.91 million
total shareholders' deficit.


SCICOM DATA: Accord Resolves Claims by Venture and Xerox
--------------------------------------------------------
SCICOM Data Services, Ltd., seeks authority from the United States
Bankruptcy Court for the District of Minnesota to compromise
certain claims asserted by and among the Debtor, Venture Solutions
Inc., Xerox Corporation and the Official Committee of Unsecured
Creditors.

The Debtor has obtained approval of a sale of substantially all of
its operating assets to Venture and closed on that transaction on
September 30, 2013.  Xerox filed a proof of claim dated September
25, 2013, which asserted a general unsecured claim for $526,498.

The Debtor filed a liquidating plan on February 20, 2014, and an
amended liquidating plan on April 3, 2014.  The Court approved the
disclosure statement for the Plan on April 3.  Creditors then
voted to accept the Plan, and a confirmation hearing was scheduled
for May 20, 2014.

The confirmation hearing has been delayed due to the need to
resolve various issues with Venture and Xerox, James C. Brand,
Esq., at Fredrikson & Byron, P.A., in Minneapolis, Minnesota --
jbaillie@fredlaw.com -- asserts.

The principal terms of the settlement are:

   -- The executory contracts or unexpired leases with Xerox and
      Additional Xerox Contracts will be rejected;

   -- Xerox will receive these claims and no others:

      * Allowance of its claim, filed as Claim Number 11, as a
        general unsecured claim in the amount of $526,498; and

      * Allowance of a rejection damages claim of $473,501;

   -- Venture will receive an allowed administrative expense
      claim of $175,000; and

   -- Venture will pay $283,538 to Xerox.

The Committee is a signatory to the settlement agreement.

                          About SCICOM

Headquartered in Minnetonka, Minnesota, SCICOM provides data
processing solutions that transform critical data into effective
customer communications, on any platform, at any time.  SCICOM's
business focus has been employee benefits, retirement and
investment services, and statement processing.

SCICOM Data Services, Ltd., filed a Chapter 11 petition (Bankr. D.
Minn. Case No. 13-43894) on Aug. 6, 2013, in Minneapolis,
Minnesota, with a deal to sell assets to Venture Solutions without
an auction.

Arden Hills, MN-based Venture Solutions is a provider of print and
digital transactional Communications and is a subsidiary of Taylor
Corporation.

Judge Michael E. Ridgway presides over the case.  The Debtor has
tapped Fredrikson & Byron, P.A., as counsel; Lighthouse Management
Group, Inc., as financial consultant; and Shenehon Company as
valuation expert.

The Debtor disclosed $13,254,128 in assets and $17,801,787 in
liabilities as of the Chapter 11 filing.  The petition was signed
by Timothy L. Johnson, senior vice president and CFO.

Daniel M. McDermott, the U.S. Trustee for Region 12, appointed
three creditors to serve in the Official Committee of Unsecured
Creditors in the Chapter 11 case of Scicom Data Services, Ltd.


SCICOM DATA: Seeks Approval of Stipulation to Resolve PBGC Claims
-----------------------------------------------------------------
SCICOM Data Services, Ltd., asks the United States Bankruptcy
Court for the District of Minnesota to approve a stipulation,
which compromises claims asserted by the Pension Benefit Guaranty
Corporation in this case.

The Debtor is a contributing sponsor of the Scicom Data Services
Ltd. Employee Pension Plan.

PBGC is a wholly-owned United States government corporation, and
an agency of the United States, that administers the defined
benefit pension plan termination insurance program under the
Employee Retirement Income Security Act of 1974.  PBGC guarantees
the payment of certain pension benefits upon the termination of a
single-employer pension plan covered by the ERISA.  When an
underfunded plan terminates, PBGC generally becomes trustee of the
plan and, subject to certain statutory limitations, pays the
plan's unfunded benefits with its insurance funds.

On December 5, 2013, the PBGC filed three proofs of claim on
behalf of the Pension Plan:

   -- Claim No. 20 asserts a claim for $1,098,750 for premiums,
      entirely attributable to termination premiums

   -- Claim No. 21 asserts a claim for $375,382 for "unpaid
      minimum funding contributions;" and

   -- Claim No. 22 asserts a claim for $17,081,868 for "unfunded
      benefit liability."  Claim No. 22 also asserts that the
      PBGC is entitled to priority in an unliquidated amount up
      to 30% of the controlled group's collective net worth as a
      tax.

On February 24, 2014, Scicom filed Form 600, Notice of Intent to
Terminate, proposing a termination date of the Pension Plan of
April 30, 2014.  PBGC failed to respond, and instead moved forward
with a PBGC-initiated termination.

James C. Brand, Esq., at Fredrikson & Byron, P.A., in Minneapolis,
Minnesota -- jbaillie@fredlaw.com -- asserts that proceeding with
a PBGC-initiated termination, as opposed to a distress termination
initiated by the Debtor, would have two negative consequences for
the estate: (i) a PBGC-initiated termination causes certain
"termination premiums" in the estimated amount of $1,098,750, and
(ii) the Pension Plan's assets have appreciated between September
30, 2013 (the date proposed by PBGC) and April 30, 2014 (the date
proposed by the Debtor), thereby, reducing the unfunded pension
liability.

The Debtor has analyzed the PBGC Claims and is prepared to file
objections to the allowance of each of the claims.  The Debtor
asserts that Claim Nos. 20 and 21 should be disallowed.  The
Debtor also asserts that Claim No. 22 was determined using the
wrong methodology and should not be entitled to priority.

The parties have stipulated to resolve their differences according
to the terms of the Stipulation, whereby Claim Nos. 20 and 21 will
be withdrawn and Claim No. 22 will be allowed as a general
unsecured claim in the amount of $17,081,868.

The settlement reduces the PBGC Claims by approximately $1.5
million, ensures that no portion of the PBGC Claims is accorded
priority treatment ahead of other unsecured creditors, provides a
certain outcome, and avoids substantial administrative expenses
that would be required to litigate these issues, Mr. Brand says.

The Debtor understands that the Committee supports the settlement.

The Court will hold a hearing on the approval of the Stipulation
on October 14, 2014, at 9:00 a.m.  Objections were due on Oct. 9.

                          About SCICOM

Headquartered in Minnetonka, Minnesota, SCICOM provides data
processing solutions that transform critical data into effective
customer communications, on any platform, at any time.  SCICOM's
business focus has been employee benefits, retirement and
investment services, and statement processing.

SCICOM Data Services, Ltd., filed a Chapter 11 petition (Bankr. D.
Minn. Case No. 13-43894) on Aug. 6, 2013, in Minneapolis,
Minnesota, with a deal to sell assets to Venture Solutions without
an auction.

Arden Hills, MN-based Venture Solutions is a provider of print and
digital transactional Communications and is a subsidiary of Taylor
Corporation.

Judge Michael E. Ridgway presides over the case.  The Debtor has
tapped Fredrikson & Byron, P.A., as counsel; Lighthouse Management
Group, Inc., as financial consultant; and Shenehon Company as
valuation expert.

The Debtor disclosed $13,254,128 in assets and $17,801,787 in
liabilities as of the Chapter 11 filing.  The petition was signed
by Timothy L. Johnson, senior vice president and CFO.

Daniel M. McDermott, the U.S. Trustee for Region 12, appointed
three creditors to serve in the Official Committee of Unsecured
Creditors in the Chapter 11 case of Scicom Data Services, Ltd.


SECUREALERT INC: Rebrands Itself as Track Group
-----------------------------------------------
SecureAlert, Inc., announced it has rebranded and began operating
under the new trade name Track Group effective Oct. 1, 2014.  With
the adoption of its new name, logo, and brand identity, Track
Group has simultaneously launched their redesigned Web site
http://www.trackgrp.com/. The Company said the rebrand is the
positive outcome of its recent acquisitions and broadening
footprint in the USA and worldwide, unprecedented growth, and
increasing recognition.  The rebranding will continue to build and
foster Track Group's unparalleled dedication to offering
innovative technologies and tracking capabilities that leverage
real-time data, best-practice monitoring, and analytics to create
complete, end-to-end solutions.

"SecureAlert's re-branding represents our evolution and
direction," said Chairman, Guy Dubois.  "This change is a logical
step in our succession and gives us an umbrella under which we can
continue to expand our products, services, and locations during
our next phase of growth and development.  We are so much more
than just a device-driven company and this represents an important
step to better communicate our value proposition."

"Our new brand identity communicates that we're an innovative and
forward-looking company with a commitment to ensure the success of
every client and agency we serve," said Steve Hamilton, chief
marketing officer.  "We are driven to consistently outpace our
competitors, leverage new technologies and tracking capabilities
to create valuable solutions for our customers and maximize
investment returns for our shareholders."

                         About Track Group

Track Group (formerly SecureAlert) is a global provider of
customizable tracking solutions that leverage real-time tracking
data, best-practice monitoring, and analytics capabilities to
create complete, end-to-end solutions.  Visit Web site
http://www.trackgrp.com/.

SecureAlert incurred a net loss attributable to the Company's
common stockholders of $18.95 million for the year ended Sept. 30,
2013, following a net loss attributable to the Company's common
stockholders of $19.93 million for the fiscal year ended Sept. 30,
2012.

As of June 30, 2014, the Company had $50.71 million in total
assets, $27.48 million in total liabilities and $23.22 million in
total equity.

Hansen, Barnett & Maxwell, P.C., in Salt Lake City, Utah, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Sept. 30, 2013.  The independent
auditors noted that the Company has incurred losses, negative cash
flows from operating activities, notes payable in default and has
an accumulated deficit.  These conditions raise substantial doubt
about its ability to continue as a going concern.


SEVEN S: Father, Son Agree to Temporary Standstill
--------------------------------------------------
Basil Umari, Esq., at McKool Smith P.C., in Houston, Texas, the
counsel for the creditors who filed an involuntary bankruptcy
cases against Seven S Capital, Ltd., and Seven S Capital
Management, Inc., notified the U.S. Bankruptcy Court for the
Southern District of Texas, Houston Division, that the parties,
including David Saperstein, have orally agreed to commence
settlement negotiations and that no further legal action will take
place by either party until October 16, 2015.

Mr. Saperstein is the chief executive officer of the Alleged
Debtors.  There is an ongoing dispute between Mr. Saperstein and
his son, Jonathan, who is chief financial officer of the Alleged
Debtors.  Jonathan alleges that his father is actively pilfering
cash from Tree Town USA Ltd., the largest producer of container-
grown trees in the country, to the tune of over $2 million per
year to fund his lavish lifestyle.

                       About Seven S

Jonathan Saperstein, as trustee of the Alexis Daniella Saperstein
1994 Trust, Jonathan Alexander Saperstein 1994 Trust, and
Stephanie Nicole Saperstein 1994 Trust, initiated involuntary
Chapter 11 bankruptcy petitions for the Seven S entities on Oct.
3, 2014 in Houston, Texas (Bankr. S.D. Tex. Case Nos. 14-35384 and
14-35387).

The Petitioning Creditors claim to be owed approximately $21.2
million by Seven S and Seven S Management.

The principal asset of Seven S is its interest in Tree Town, the
largest producer of container-grown trees in the country.  Tree
Town has seven locations in Texas and Florida comprising 4,472
acres. It produces over 200 varieties of shade, ornamental, fruit,
and palm trees ranging from 1 gallon to 670 gallon containers.

Jonathan Saperstein, the trustee of the Trusts, immediately filed
a motion for the bankruptcy court to order appointment of (1) an
interim trustee to administer the affairs of the Alleged Debtors
and (2) a receiver to administer the affairs of the Alleged
Debtors' wholly owned subsidiaries, Tree Town USA, Ltd. and Tree
Town USA Management, LLC, because of corporate waste and
pilferage, insider abuse, breaches of fiduciary duty, and
conflicts of interest of current management.  He says that his
father, Tree Town CEO David Saperstein has pulled millions of
dollars out of Tree Town to fund his own lifestyle.


SEVEN S: Court Issues Joint Administration Order
------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, issued an order consolidating for procedural
purposes and jointly administering the Chapter 11 cases of Seven S
Capital, Ltd., and Seven S Capital Management, Inc., under the
lead case no. 14-35384.

                       About Seven S

Jonathan Saperstein, as trustee of the Alexis Daniella Saperstein
1994 Trust, Jonathan Alexander Saperstein 1994 Trust, and
Stephanie Nicole Saperstein 1994 Trust, initiated involuntary
Chapter 11 bankruptcy petitions for the Seven S entities on Oct.
3, 2014 in Houston, Texas (Bankr. S.D. Tex. Case Nos. 14-35384 and
14-35387).

The Petitioning Creditors claim to be owed approximately $21.2
million by Seven S and Seven S Management.

The principal asset of Seven S is its interest in Tree Town, the
largest producer of container-grown trees in the country.  Tree
Town has seven locations in Texas and Florida comprising 4,472
acres. It produces over 200 varieties of shade, ornamental, fruit,
and palm trees ranging from 1 gallon to 670 gallon containers.

Jonathan Saperstein, the trustee of the Trusts, immediately filed
a motion for the bankruptcy court to order appointment of (1) an
interim trustee to administer the affairs of the Alleged Debtors
and (2) a receiver to administer the affairs of the Alleged
Debtors' wholly owned subsidiaries, Tree Town USA, Ltd. and Tree
Town USA Management, LLC, because of corporate waste and
pilferage, insider abuse, breaches of fiduciary duty, and
conflicts of interest of current management.  He says that his
father, Tree Town CEO David Saperstein has pulled millions of
dollars out of Tree Town to fund his own lifestyle.


SOURCEHOV LLC: Moody's Assigns Caa1 Rating on $250MM Term Debt
--------------------------------------------------------------
Moody's Investors Service assigned to SourceHOV, LLC (NEW)
(SourceHOV) a B2 Corporate Family Rating (CFR) and a B2-PD
probability of default rating. Moody's also assigned B1 ratings to
SourceHOV's proposed $855 million of first lien credit facilities
comprising a $75 million revolving credit facility and a $780
million term loan, and a Caa1 rating to the proposed $250 million
of second lien term loan facility. The company plans to use the
proceeds from the new credit facilities to redeem the preferred
equity interest held in SourceHOV by its existing majority
shareholder, The Rohatyn Group, for approximately $354 million,
and refinance existing indebtedness at SourceHOV and BancTec Group
(BancTec). SourceHOV expects to close its planned merger with
BancTec for $339 million in an all-stock transaction concurrently
with the proposed recapitalization.

The ratings outlook is negative reflecting the execution risk of
integrating the two companies and SourceHOV's high initial
financial leverage. Moody's will withdraw the ratings for
SourceHOV's existing credit facilities at the close of the
transactions.

Ratings Rationale

The combination of SourceHOV with BancTec will enhance SourceHOV's
scale, increase revenue diversity and create a stronger competitor
in the Business Process Outsourcing market with approximately $880
million in combined revenues in FY 2013. The combination will
create opportunities to cross-sell services across a larger
geographic and customer footprint. In addition, management has
identified at least $25 million in cost synergies which it expects
to realize in the next 3 to 4 quarters.

Notwithstanding the strategic merits of the proposed acquisition,
SourceHOV's total debt is increasing by slightly over 2x. The B2
CFR reflects SourceHOV's elevated financial risk profile over the
next 12 months and the execution risk in integrating operations
with a large customer base and a pro forma employee base of over
15,000. SourceHOV's total debt to EBITDA leverage should decline
to the mid 5x range (Moody's adjusted) when full synergies from
the combination are realized. However, excluding synergies,
initial leverage exceeds the mid 6x level even including the cost
savings that BancTec and SourceHOV have executed but are yet to be
reflected in the cash flows. Moody's believes that it will take
next several quarters to fully reflect the anticipated
improvements in profitability through planned cost savings.

The B2 CFR additionally considers SourceHOV's highly competitive
market segments and moderate customer concentration. The rating is
supported by the predictability of SourceHOV's near-term revenues
under contracts and its ongoing projects. Moody's expects organic
revenue growth for the combined company in the low single digit
percentages and that cost savings should drive free cash flow of
at least 5% of total debt in 2015 and total debt to EBITDA
(Moody's adjusted) should progressively decline toward the mid 5x
range.

The negative outlook reflects the execution risks in timely
attainment of synergies, which will be the principal driver of
anticipated deleveraging and free cash flow growth in 2015, and
the risk of potential disruption in customer service operations
during the integration process.

Moody's could change SourceHOV's ratings outlook to stable if
revenue growth and realization of cost savings result in free cash
flow exceeding 5% of total debt. The ratings could be downgraded
if projected improvements in profitability are materially delayed
or revenue growth falters. The ratings could be downgraded if
SourceHOV's liquidity deteriorates or if Moody's believes that the
company is unlikely to attain and maintain total debt-to-EBITDA
leverage below 5.5x or free cash flow remains weak at or below the
low single digit percentages of total debt by the end of 2015.

Moody's assigned the following ratings:

Issuer: SourceHOV, LLC (NEW)

Corporate Family Rating -- B2

Probability of Default Rating -- B2-PD

$75 million Senior Secured First Lien Revolving Credit Facility
due 2019 -- B1, LGD 3

$780 million Senior Secured First Lien Term Loan due 2020 -- B1,
LGD 3

$250 million Senior Secured Second Lien Term Loan due 2021 --
Caa1, LGD 5

Rating Outlook: Negative

The following ratings will be withdrawn upon the closing of the
acquisition:

Issuer: SourceHOV, LLC

  Corporate Family Rating -- B2

  Probability of Default Rating -- B2-PD

  $60 million Senior Secured First Lien Revolving Credit Facility
  -- B1, LGD 3

  $395 million (outstanding) Senior Secured First Lien Secured
  Term Loan -- B1, LGD 3

  $110 million Senior Secured Second Lien Term Loan -- Caa1,
  LGD 5

SourceHOV is a provider of business process outsourcing solutions
to document and information-intensive end markets including
healthcare, financial services, legal and public sector.

The principal methodology used in this rating was Global Business
& Consumer Service Industry Rating 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.


SOURCEHOV LLC: S&P Affirms 'B' CCR on Proposed Recapitalization
---------------------------------------------------------------
Standard & Poor's Ratings Services affirmed all ratings, including
the 'B' corporate credit rating, on Coppell, Tex.-based SourceHOV
LLC.  The outlook is stable.

At the same time, S&P assigned the company's proposed $780 million
first-lien senior secured term loan due 2020 and $75 million
revolving credit facility due 2019 a 'B' issue-level rating, with
a recovery rating of '3', indicating S&P's expectation for
meaningful (50% to 70%) recovery in the event of payment default.

In addition, S&P assigned the company's proposed $250 million
second-lien term loan due 2021 a 'CCC+' issue-level rating, with a
recovery rating of '6', indicating S&P's expectation for
negligible (0% to 10%) recovery in the event of payment default.

S&P expects the company will use the proceeds of the new debt to
repay existing SourceHOV and BancTec debt, redeem TRG's preferred
equity, and pay transaction costs.  The acquisition of BancTec's
equity will be a non-cash transaction.  S&P will withdraw its
issue-level and recovery ratings on SourceHOV's existing debt
after the close of the transaction.

The ratings reflect leverage in the low-7x area at June 30, 2014,
pro forma for the proposed transactions, which S&P expects to fall
below 6x in 2015.  The ratings also reflect the fragmented and
competitive BPO market with much larger competitors, but also the
company's long-term client relationships and its products and
services which are deeply embedded within its clients' operations.

The BancTec acquisition will grow SourceHOV's presence in the
financial services end-market, provide a platform for entry into
the European market, and allow for meaningful cost saving
opportunities.  However, BancTec revenues have trended lower over
the past few years and S&P expects the acquisition to dilute
SourceHOV's revenue growth.

S&P's view of the company's business risk profile incorporates its
niche position in the large, fragmented BPO market with larger,
better-funded competitors.  Revenues from its settlement
administration business can be inconsistent, depending on large
deals, and revenues from financial institutions can fluctuate with
the number of mortgage transactions.  However, roughly 70% of the
company's pro forma revenues will be contractual and recurring,
with significant customer switching costs, providing some revenue
predictability.  The company also has a fairly diverse customer
base with its top two clients, making up about 10% of pro forma
revenues and its top 10 making up 20%.

The company's financial risk profile reflects leverage in the low-
7x area, pro forma for the transaction, down from actual leverage
of 8.2x at June 30, 2014 (which includes our treatment of the
company's preferred stock as debt and which adds almost 3.5x to
adjusted leverage).  S&P expects that leverage will fall to the
mid- to high-5x area in 2015 as the company benefits from cost
reductions and that free operating cash flow (FOCF) will be
positive.


STC & LAM: Case Summary & 6 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: STC & Lam Inc.
           aka Vineland World Gym
           aka World Gym
           aka World Gym Of Vineland
        3821 South Main Road
        Vineland, NJ 08360

Case No.: 14-30718

Chapter 11 Petition Date: October 9, 2014

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

Judge: Hon. Gloria M. Burns

Debtor's Counsel: Scott Eric Kaplan, Esq.
                  SCOTT E. KAPLAN, LLC
                  12 North Main St., PO Box 157
                  Allentown, NJ 08501
                  Tel: 609-259-1112
                  Fax: 609-259-5600
                  Email: scott@sekaplanlaw.com

Total Assets: $11,450

Total Liabilities: $1.66 million

The petition was signed by Huy Lam, president.

A list of the Debtor's six largest unsecured creditors is
available for free at http://bankrupt.com/misc/njb14-30718.pdf


SURFACEMAX INC: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: SurfaceMax, Inc.
        P.O. Box 75
        Wrightsville Beach, NC 28480

Case No.: 14-05896

Chapter 11 Petition Date: October 9, 2014

Court: United States Bankruptcy Court
       Eastern District of North Carolina
       (Wilmington Division)

Judge: Hon. Randy D. Doub

Debtor's Counsel: Trawick H Stubbs, Jr., Esq.
                  STUBBS & PERDUE, P.A.
                  P. O. Drawer 1654
                  New Bern, NC 28563
                  Tel: 252 633-2700
                  Fax: 252 633-9600
                  Email: efile@stubbsperdue.com

Total Assets: $1.37 million

Total Liabilities: $1.29 million

The petition was signed by Patricia A. Teague, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nceb14-05896.pdf


T-L BRYWOOD: Has Interim Okay to Use Cash Until October 31
----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Indiana
authorized T-L Brywood LLC's continued interim use of cash
collateral until October 31, 2014.

The Debtor will use the cash collateral in which RCG-KC Brywood
LLC, successor to lender Private Bank and Trust Company, asserts
an interest, to properly maintain its property.

As adequate protection from any diminution, in value of the
lender's collateral, the Debtor will maintain premiums for
insurance to cover all of its assets from fire, theft and water
damage.  The Debtor will also reserve sufficient funds for the
payment of current real estate taxes relating to the property
commonly known as Brywood Centre.

A hearing on further access to the cash collateral is scheduled
for October 22, 2014, at 11:00 a.m.

A copy of the proposed budget is available for free at:

    http://bankrupt.com/misc/T-LBrywood_Budget_10012014.pdf

                        About T-L Brywood

T-L Brywood LLC filed for Chapter 11 bankruptcy (Bankr. N.D. Ill.
Case No. 12-09582) on March 12, 2012.  The case was transferred to
the U.S. Bankruptcy Court for the Northern District of Indiana
(Case. 13-21804) on May 14, 2013.

T-L Brywood owns and operates a commercial shopping center known
as the "Brywood Centre" -- http://www.brywoodcentre.com/-- in
Kansas City, Missouri.  The Property encompasses roughly 25.6
acres and comprises 183,159 square feet of retail space that is
occupied by 12 operating tenants.  The occupancy rate for the
Property is approximately 80%.

The Debtor and lender The PrivateBank and Trust Company reached an
impasse over the terms and conditions of another extension of a
mortgage loan on the Property.  As a result, the Debtor filed the
Chapter 11 case to protect the Property from foreclosure while the
Debtor formulates an exit strategy from the reorganization case.
As of the Petition Date, no foreclosure relating to the Property
had been filed by the Lender.

Judge Donald R. Cassling oversees the case.  The Debtor is
represented by David K. Welch, Esq., Arthur G. Simon, Esq., and
Jeffrey C. Dan. Esq., at Crane, Heyman, Simon, Welch & Clar, in
Chicago.

The Debtor disclosed total assets of $16,666,257 and total
liabilities of $13,970,622 in its schedules.  The petition was
signed by Richard Dube, president of Tri-Land Properties, Inc.,
manager.

PrivateBank is represented by William J. Connelly, Esq., at
Hinshaw & Culbertson LLP.

No committee of creditors was appointed by the U.S. Trustee.


TALISMAN ENERGY: S&P Lowers Preferred Stock Rating to 'BB'
----------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its long-term
corporate credit rating on Calgary, Alta.-based Talisman Energy
Inc., and its senior unsecured debt rating 'BBB-' from 'BBB'.  At
the same time, Standard & Poor's lowered its global scale rating
on its preferred stock to 'BB' from 'BB+' and its Canada scale
rating on the stock to 'P-3' from 'P-3 (High)'.  Standard & Poor's
also affirmed its 'A-3' short-term and commercial paper ratings on
Talisman.  The outlook is stable.

"The downgrade reflects our view of Talisman's sluggish production
growth profile amidst a high cost structure, limited cash flow
growth, and our expectations regarding the company's credit
metrics," said Standard & Poor's credit analyst Aniki Saha-
Yannopoulos.  Talisman's projected cash flow will remain
constrained due to the company's slow production growth and its
high cost profile.  Also, Talisman needs to spend about US$900
million annually in its noncore plays (which includes the North
Sea and Kurdistan production areas) without a concurrent increase
in production.  At the same time, although S&P views any asset
sale of noncore assets as positive to credit measures (the company
expects to sell US$2 billion in the next 12-18 months), S&P do not
expect any significant improvement in the company's production or
cost profile to support a 'BBB' rating.

The rating on Talisman reflects the company's "satisfactory"
business risk profile and "significant" financial risk profile.
Talisman is a geographically diversified independent oil and gas
exploration and production company with core operations in North
America and Southeast Asia.  The company also has producing assets
in the North Sea, Colombia, and Algeria, with exploration activity
in Kurdistan.  As of Dec. 31, 2013, Talisman had net proved
reserves of about 5.4 trillion cubic feet equivalent (73% gas, 66%
proved developed with a reserve life index of about nine years).
As of the first half of 2014, Talisman had a net production of 279
million barrels of oil equivalent (boe).

The stable outlook reflects Standard & Poor's view that Talisman
will continue to focus on improving its high-netback liquids
production, focus on operational performance, and maintain
balance-sheet strength at current levels.  The outlook also
reflects S&P's expectation that the company's FFO-to-net debt will
remain in the 30%-40% range.

"For us to revise the outlook to positive, we would expect
Talisman's business risk profile to improve substantially -- for
example, if it were to improve its operating costs in line with
those of other higher rated E&P peers and production netbacks
sustainably.  We may also consider a positive action if we expect
the company to improve its FFO-to-net adjusted debt to above 40%
due to improving operating performance.  Better credit metrics due
to significant asset sales alone would not be sufficient for a
positive rating action," S&P said.

If Talisman's capital expenditures accelerate without a clear path
for production growth, such that credit measures rise above 3.0x
for debt to EBITDA and fall below 30% for FFO to debt, S&P would
consider a negative rating action.  Also, material declines in
production, realized commodity prices, or deterioration in
operating efficiency could lead to a downgrade.


TAMPA WAREHOUSE: Court Approves Joint Plan of Reorganization
------------------------------------------------------------
Judge Laura T. Beyer of the United States Bankruptcy Court for the
Western District of North Carolina approved the Joint Plan of
Reorganization co-proposed by debtor Tampa Warehouse, LLC and its
secured creditor Regions Bank.

No objections to confirmation of the Joint Plan were filed.  For
reasons articulated of record at the Confirmation Hearing, the
Court has determined that no parties other than Regions are
entitled to vote on the provisions of the Joint Plan, because no
parties other than Regions are impaired.

Judge Beyer notes that with the withdrawal of the Debtor Plan and
the Regions Plan, and the presentation of the Joint Plan, these
procedural developments moot Region's motion to dismiss or convert
the bankruptcy case, as well as Region's objection to confirmation
of the Debtor's Plan.

Under the Joint Plan, Regions' claim will be allowed as filed, as
a fully secured claim, in the amount of $17,776,926 as of
August 26, 2014.  The Regions Claim will be paid interest only in
arrears on the 15th day of each month beginning 30 days after the
Joint Plan effective date at the existing contract rate.  The full
obligation, including any interest or fees due, will be due and
payable on Feb. 28, 2015.

As of the Joint Plan effective date, CB Richard Ellis will
continue to serve as manager of the Debtor's real property.

The Debtor is required under the Joint Plan to enter into a
binding contract to sell the real property by Dec. 15, 2014; and
enter into a binding contract to sell the real property not
subject to due diligence or other contingencies by Jan. 15, 2015,
with a closing date no later than Feb. 28, 2015.  Any deposits
related to those contracts must be assigned to Regions as
additional collateral.

General unsecured claims of non-insider creditors are expected to
be paid 100% of the allowed claim upon confirmation.  Holders of
insider claims/equity interests will be paid only after all other
claims are fully paid.

                      About Tampa Warehouse

Tampa Warehouse, LLC, filed a Chapter 11 petition (Bankr. W.D.N.C.
Case No. 13-32547) in Charlotte, North Carolina, on December 5,
2013.

The Debtor, a Single Asset Real Estate as defined in 11 U.S.C.
Sec. 101(51B), estimated at least $10 million in assets and
between $10 million and $50 million in liabilities.  The Debtor
said its principal asset is located at 6422 Harney Road, in Tampa,
Florida.

Fred D. Godley, as member and manager, signed the bankruptcy
petition.  Owners of the Debtor are:  Charlotte Housing for the
Elderly (145543%), Clinton Housing for the Elderly (6.951%), Fred
D. Godley (12.516%), Monroe Housing for the Elderly (12.516%) and
Rocky Mount Housing for the Elderly (12.403%).

Judge Laura T. Beyer oversees the case.  The Debtor is represented
by represented by Joshua B Farmer, Esq., at Tomblin, Farmer &
Morris, PLLC, in Rutherfordton, North Carolina.  Michael R. Nash,
CPA, PLLC, serves as accountants.

The Bankruptcy Administrator said in December that an official
committee under 11 U.S.C. Sec. 1102 has not been appointed in the
case.

Jimmy R. Summerlin, Jr., Esq., at Young, Morphis, Bach & Taylor,
LLP, represents lender Regions Bank.


TOMS SHOES: S&P Assigns 'B' CCR & Rates $300MM Loan 'B'
-------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Los Angeles-based casual footwear producer TOMS
Shoes LLC.  The outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating to the
company's proposed $300 million secured term loan due 2020.  The
recovery rating is '3', indicating S&P's expectation for
meaningful (50% to 70%) recovery for secured debtholders in the
event of a payment default.

"The ratings on TOMS reflect its aggressive financial policy and
significant debt burden to support its pending acquisition by
financial sponsor Bain Capital," said Standard & Poor's credit
analyst Linda Phelps.

Bain Capital will acquire a 50% interest and have voting control
of TOMS while TOMS founder and CEO Blake Mycoskie will retain a
substantial 50% stake.  Standard & Poor's estimate the company's
pro forma 2014 debt-to-EBITDA leverage will be about 6x and expect
the transaction to close during third quarter 2014.  As such, S&P
assess the company's financial risk profile as "highly leveraged,"
for which indicative ratios include leverage of over 5x.  S&P
believes the company's financial sponsor owners will influence
financial policy.  Taking shareholder distributions could limit
the company's ability to reduce debt levels or even incur
additional debt to finance distributions.

Additionally, S&P's ratings reflect the company's small scale,
narrow business focus within the highly competitive casual shoe
segment, and reliance on a single brand.  S&P also factored in the
company's well-known brand, enhanced by its socially responsible
business model, and good profitability.  These factors support the
company's "weak" business risk profile.  (TOMS is a privately held
company and does not publicly disclose its financial statements.)

The outlook is stable.  "We expect the company's operating
performance will remain relatively stable over the next year given
the introduction of new products, the company's unique business
model and sound market position within the casual footwear
segment," said Ms. Phelps.  "We forecast debt-to-EBITDA leverage
could improve modestly but leverage will remain in the mid-5x to
6x area for the next year."


TRUMP ENTERTAINMENT: Disclosure Statement Hearing Set for Nov. 5
----------------------------------------------------------------
Trump Entertainment Resorts, Inc., et al., ask the U.S. Bankruptcy
Court for the District of Delaware to approve as containing
"adequate information" the Disclosure Statement for the Debtors'
Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy
Code.

The Debtors also ask the Court to approve the Debtors' proposed
procedures for solicitation and tabulation of votes to accept or
reject the Plan, the procedures with respect to filing objections
to the confirmation of the Plan and the Debtors' proposed cure
amounts for unexpired leases and executory contracts to be assumed
pursuant to the Plan.

In addition, the Debtors ask the Court to approve the
establishment of the "Administrative Expense Claim Bar Date,"
which will be the date by which all parties are required to submit
requests for payment and allowance of Administrative Expense
Claims for the period from the Petition Date through the Voting
Deadline, other than parties holding Fee Claims and Administrative
Expense Claims.

The Debtors propose that the Voting Deadline will be on Dec. 10,
2014.  The Debtors also propose that the hearing on confirmation
of the Plan be scheduled, subject to the Court's availability, for
Dec. 19, 2014, at 10:00 a.m. (prevailing Eastern Time).

The Court will convene a hearing on November 5, 2014, at 11:00
a.m. to consider approval of the Disclosure Statement.

                About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on Sept.
9, 2014, with plans to close the Trump Plaza by next week, and,
absent union concessions, the Taj Mahal by Nov. 13.

TER and its affiliated debtors own and operate two casino hotels
located in Atlantic City, New Jersey.  TER said it will close the
Trump Taj Mahal Casino Resort by Sept. 16, and, absent union
concessions, the Trump Plaza Hotel and Casino by Nov. 13.

The Debtors have sought an order authorizing the joint
administration of their Chapter 11 cases and the consolidation
thereof for procedural purposes only.  Judge Kevin Gross presides
over the Chapter 11 cases.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
counsel; Stroock & Stroock & Lavan LLP, as co-counsel; Houlihan
Lokey Capital, Inc., as financial advisor; and Prime Clerk LLC, as
noticing and claims agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.

The Debtors as of Sept. 9, 2014, owe $285.6 million in principal
plus accrued but unpaid interest of $6.6 million under a first
lien debt issued under their 2010 bankruptcy-exit plan.  The
Debtors also have trade debt in the amount of $13.5 million.

The U.S. Trustee for Region 3 on Sept. 23 appointed seven
creditors of Trump Entertainment Resorts, Inc., to serve on the
official committee of unsecured creditors.


TRUMP ENTERTAINMENT: Panel Wants Cash Collateral Hearing Delayed
----------------------------------------------------------------
The Official Committee of Unsecured Creditors in the bankruptcy
cases of Trump Entertainment Resorts, Inc. and its affiliated
debtors contends that it is premature for the U.S. Bankruptcy
Court for the District of Delaware to consider the Debtors' motion
seeking a final order authorizing their use of cash collateral
(much less grant final approval).

Natasha M. Songonuga, Esq., at Gibbons P.C., in Wilmington,
Delaware -- nsongonuga@gibbonslaw.com -- contends that the final
hearing on the Cash Collateral Motion is not only a matter that
can wait, but a matter that will benefit greatly from a deferral.
She asserts that the Debtors' Proposed Final Cash Collateral Order
contains several provisions that would be highly prejudicial to
the interests of unsecured creditors.

The Committee understands that the Debtors, and particularly the
Secured Parties, want to put cash collateral issues behind them,
Ms. Songonuga says.  However, she contends, the desire to "move
on" does not justify granting unwarranted and preemptive relief
that would irreversibly impair the interests of unsecured
creditors only a few weeks after the Petition Date.

"Indeed, there is no urgent need for the entry of the Proposed
Final Cash Collateral Order now -- adjourning the final hearing
for a couple of weeks until the dust settles will put the Court
and the parties in a much better position to assess the crucial
issues posed in connection with the Proposed Final Cash Collateral
Order," Ms. Songonuga asserts.  Hence, the Committee asks the
Court to adjourn the final hearing on the Cash Collateral Motion
to the omnibus hearing scheduled for Nov. 5, 2014.

                About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on Sept.
9, 2014, with plans to close the Trump Plaza by next week, and,
absent union concessions, the Taj Mahal by Nov. 13.

TER and its affiliated debtors own and operate two casino hotels
located in Atlantic City, New Jersey.  TER said it will close the
Trump Taj Mahal Casino Resort by Sept. 16, and, absent union
concessions, the Trump Plaza Hotel and Casino by Nov. 13.

The Debtors have sought an order authorizing the joint
administration of their Chapter 11 cases and the consolidation
thereof for procedural purposes only.  Judge Kevin Gross presides
over the Chapter 11 cases.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
counsel; Stroock & Stroock & Lavan LLP, as co-counsel; Houlihan
Lokey Capital, Inc., as financial advisor; and Prime Clerk LLC, as
noticing and claims agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.

The Debtors as of Sept. 9, 2014, owe $285.6 million in principal
plus accrued but unpaid interest of $6.6 million under a first
lien debt issued under their 2010 bankruptcy-exit plan.  The
Debtors also have trade debt in the amount of $13.5 million.

The U.S. Trustee for Region 3 on Sept. 23 appointed seven
creditors of Trump Entertainment Resorts, Inc., to serve on the
official committee of unsecured creditors.


TRUMP ENTERTAINMENT: Levine Staller Objects Cash Collateral Bid
---------------------------------------------------------------
Levine, Staller, Sklar, Chan & Brown, P.A., filed an objection to
Trump Entertainment Resorts, Inc., et al.'s motion for authority
to use cash collateral securing their prepetition indebtedness.

Levine Staller holds a $1.25 million first-priority, perfected
statutory attorneys' charging lien on tax refunds received by the
Debtors and the proceeds thereof.  The lien on cash and cash
proceeds predates the Secured Parties' liens because it relates
back to 2008 at the start of certain tax litigation Levine Staller
brought on the Debtors' behalf, Teresa K.D. Currier, Esq., at Saul
Ewing LLP, in Wilmington, Delaware -- tcurrier@saul.com -- tells
the Court.

Despite the irrefutable existence, priority, perfection and re-
perfection of the Charging Lien, the Motion ignores it completely
and grants the Secured Parties priming liens and claims, and seeks
to grant the Debtors authority to use Levine Staller's cash
collateral without its consent and without required adequate
protection, Ms. Currier argues.

If the Debtors commingled the Refund with other cash, the Charging
Lien still extends to the Debtors' cash of any kind, because cash
is fungible, Ms. Currier says.  She contends that under New Jersey
law, the Charging Lien priority "relates back" to 2008, the date
of commencement of the Tax Court litigation, vis a vis other
creditors.  She adds that equitable principles compel the Court to
recognize Levine Staller's first-priority Charging Lien on cash
collateral.

                About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on Sept.
9, 2014, with plans to close the Trump Plaza by next week, and,
absent union concessions, the Taj Mahal by Nov. 13.

TER and its affiliated debtors own and operate two casino hotels
located in Atlantic City, New Jersey.  TER said it will close the
Trump Taj Mahal Casino Resort by Sept. 16, and, absent union
concessions, the Trump Plaza Hotel and Casino by Nov. 13.

The Debtors have sought an order authorizing the joint
administration of their Chapter 11 cases and the consolidation
thereof for procedural purposes only.  Judge Kevin Gross presides
over the Chapter 11 cases.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
counsel; Stroock & Stroock & Lavan LLP, as co-counsel; Houlihan
Lokey Capital, Inc., as financial advisor; and Prime Clerk LLC, as
noticing and claims agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.

The Debtors as of Sept. 9, 2014, owe $285.6 million in principal
plus accrued but unpaid interest of $6.6 million under a first
lien debt issued under their 2010 bankruptcy-exit plan.  The
Debtors also have trade debt in the amount of $13.5 million.

The U.S. Trustee for Region 3 on Sept. 23 appointed seven
creditors of Trump Entertainment Resorts, Inc., to serve on the
official committee of unsecured creditors.


TRUMP ENTERTAINMENT: Wants to Reject CBA by Taj Mahal & Local 54
----------------------------------------------------------------
Trump Entertainment Resorts, Inc. and its affiliated debtors seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to reject the collective bargaining agreement by and
between Trump Taj Mahal Associates, LLC and UNITE HERE Local 54,
dated November 11, 2011; and to implement the terms of the
Debtors' proposal to Local 54 dated September 17, 2014.

The Debtors also ask the Court to eliminate their obligation under
the CBA to contribute to the Local 54 multiemployer pension plan
-- "National Retirement Fund" -- effective immediately, and
thereby, resulting in the Debtors' complete withdrawal from the
National Retirement Fund.

Matthew B. Lunn, Esq., Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware -- mlunn@ycst.com -- relates that the Taj
Mahal is quickly running out of cash to fund operations.  He notes
in the first two months of the Debtors' bankruptcy cases, the
Debtors expect to spend approximately $12 million of cash, a
substantial portion of which represents labor costs associated
with the Local 54 CBA.

Historically, the Debtors have paid $14 million to $15 million per
year in pension, benefit and other amounts for just the Taj Mahal
under the Local 54 CBA.  At the current rate, the Debtors are
expected to run out of cash by mid-December, and may imminently be
forced to close the Taj Mahal consistent with previously-issued
WARN notices, resulting in the loss of thousands of jobs in the
already beleaguered Atlantic City market, Mr. Lunn contends.

Thus, Mr. Lunn argues, the Debtors face an extremely narrow window
of opportunity to formulate a Chapter 11 plan that would allow the
Debtors to reorganize around the Taj Mahal.  To that end, the
Debtors have prepared a Chapter 11 plan of reorganization, to be
filed soon with the Court, pursuant to which the Debtors' secured
lenders would agree to equitize a portion of their existing senior
secured debt, which totals approximately $286 million plus $6
million in prepetition accrued but unpaid interest.

In addition, under the Plan, the First Lien Lenders would invest
$100 million in new capital.  However, Mr. Lunn says, as can be
reasonably expected because of forecasted shortfalls and
significant capital expenditure needs, any capital investment
would be conditioned upon the Debtors obtaining additional
investments, obtaining tax relief and extricating themselves from
the excessively costly multi-employer pension plan and
unsustainable labor costs associated with the Local 54 CBA.

The Debtors submitted formal requests for concessions from each of
its main constituents, including not just Local 54, but also the
First Lien Lenders, the City of Atlantic City and the state of New
Jersey, in an effort to build support for and implement the to-be-
filed Plan.

On September 17, 2014, the Debtors presented Local 54 with the
Proposal, detailing proposed modifications to the CBA and
describing the economic impact of and rationale behind each of
those changes.  The Debtors also shared with the Union financial
data, including a cash flow forecast and two sets of projections
that depict the Debtors' declining performance trajectory, both
with and without the requested concessions.

Among other things, the Proposal provide these terms:

   -- Duration: The Debtors propose to enter into a three-year
      agreement, consistent with the duration of the current CBA
      and so that the benefits of the proposed modifications are
      realized over a necessary period of time;

   -- Health and Welfare: The Debtors propose to withdraw from
      the health and welfare fund and, instead, substitute with
      health care coverage under ObamaCare.  Full-time employees,
      however, would receive additional compensation of $2,000
      per year, which will enable them to offset and, in some
      cases, completely defray the cost of obtaining health
      insurance now available to them and their families under
      ObamaCare.  It is intended that non-union employees
      (including management) would receive identical treatment in
      this regard;

   -- Pension: The Debtors propose to cease making contributions
      to, and permanently withdraw from, the pension fund
      (National Retirement Fund) and, instead institute an
      employer sponsored 401(k) plan with the employer matching
      employee contributions up to 1% of each employee's
      compensation per year. This modification would result in
      substantial cost-savings to the Debtors and enable the
      Debtors to attract new capital;

   -- Severance: The Debtors propose to eliminate future
      contributions to the severance fund, which will, in turn,
      result in cost-savings to the Debtors;

   -- Vacation: The Debtors propose to shorten, from three months
      to 30 days, the advance notice required for the periods
      during which vacation may be taken in any individual
      department, thereby, giving the employer greater
      flexibility over staffing assignments and enabling cost
      savings through greater internal efficiencies;

   -- Holidays: The Debtors propose to reduce the amount of pay
      employees receive for working on a holiday.  Rather than
      receiving double pay (or in some cases, 2.5 times regular
      pay) for hours actually worked, the employee would only
      receive a more market-standard time-and-a-half for hours
      actually worked on the holiday, thereby, matching the
      amount paid to work actually performed.  Employees would
      still receive holiday pay, at straight time, for the
      portion of the employee's usual shift which the employee
      does not work due to the holiday; and

   -- Hours of Work: The Debtors propose to eliminate the
      guarantee that employees will be paid for a full shift if
      they are sent home at the direction of the employer after
      the completion of more than half their shift.  Instead, the
      Debtors propose that employees who are sent home at the
      direction of the employer prior to the completion of their
      full shift shall be guaranteed pay for half of their
      scheduled shift or the hours actually worked, whichever is
      greater.  This would more closely link the amount paid to
      the time worked.

Pursuant to the Proposal, the Debtors demonstrated to the Union
during the September 24 Bargaining Session that Union employees
(a) would likely experience greater retirement investment security
by switching to a company-sponsored 401(k) with matching
contributions, rather than remain with the distressed multi-
employer plan, (b) were not being asked for wage reductions (other
than discrete work rule changes), and (c) could retain their jobs
by avoiding the closure of the Taj Mahal.

In short, Mr. Lunn asserts, the Debtors demonstrated that their
labor cost structure is unsustainable, that the Debtors will be
unable to attract the necessary capital to enable the Debtors to
reorganize, and absent those concessions and funding, the Taj
Mahal will close within the next few weeks and all Union members'
jobs will be lost.

During the September 24 Bargaining Session, the Union did not take
a position as to whether it was accepting or rejecting various
material terms of the Proposal.  Instead, the Union indicated that
it might need certain other information.  The Union subsequently
provided the Debtors, hours prior to the filing of the Motion, a
written request for information and additional questions and
certain purported counter-proposals to the modifications sought by
the Debtors.

The Debtors submit that the Motion should be granted because the
modifications contained in the Debtors' Proposal are the minimum
necessary to allow the Debtors to reorganize and avoid
liquidation, the Proposal and the to-be-filed Plan each treat all
parties fairly and equitably, and the balance of the equities
clearly favor rejection of the CBA and implementation of the
Proposal pursuant to Section 1113 of the Bankruptcy Code.

The Court will convene a hearing on October 14, 2014, at 1:00 p.m.
(ET) to consider the Motion.  Objections were due October 7.

                About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on Sept.
9, 2014, with plans to close the Trump Plaza by next week, and,
absent union concessions, the Taj Mahal by Nov. 13.

TER and its affiliated debtors own and operate two casino hotels
located in Atlantic City, New Jersey.  TER said it will close the
Trump Taj Mahal Casino Resort by Sept. 16, and, absent union
concessions, the Trump Plaza Hotel and Casino by Nov. 13.

The Debtors have sought an order authorizing the joint
administration of their Chapter 11 cases and the consolidation
thereof for procedural purposes only.  Judge Kevin Gross presides
over the Chapter 11 cases.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
counsel; Stroock & Stroock & Lavan LLP, as co-counsel; Houlihan
Lokey Capital, Inc., as financial advisor; and Prime Clerk LLC, as
noticing and claims agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.

The Debtors as of Sept. 9, 2014, owe $285.6 million in principal
plus accrued but unpaid interest of $6.6 million under a first
lien debt issued under their 2010 bankruptcy-exit plan.  The
Debtors also have trade debt in the amount of $13.5 million.

The U.S. Trustee for Region 3 on Sept. 23 appointed seven
creditors of Trump Entertainment Resorts, Inc., to serve on the
official committee of unsecured creditors.


TRUMP ENTERTAINMENT: Power to Modify Union Contract in Doubt
------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that U.S. Bankruptcy Judge Kevin Gross in Wilmington,
Del., will convene a hearing on Oct. 14 to determine whether he
has the power to modify the entire contract between Trump
Entertainment Resorts Inc. and its unions, after concluding in a
quickly convened hearing that he can't modify the contract
piecemeal.  According to the report, Trump Entertainment is
seeking court authority to modify the union contract, which
expired by its terms in September.

                 About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on
Sept. 9, 2014, with plans to close the Trump Plaza by next week,
and, absent union concessions, the Taj Mahal by Nov. 13.

TER and its affiliated debtors own and operate two casino hotels
located in Atlantic City, New Jersey.  TER said it will close the
Trump Taj Mahal Casino Resort by Sept. 16, and, absent union
concessions, the Trump Plaza Hotel and Casino by Nov. 13.

The Debtors have sought an order authorizing the joint
administration of their Chapter 11 cases and the consolidation
thereof for procedural purposes only.  Judge Kevin Gross presides
over the Chapter 11 cases.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
counsel; Stroock & Stroock & Lavan LLP, as co-counsel; Houlihan
Lokey Capital, Inc., as financial advisor; and Prime Clerk LLC, as
noticing and claims agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.

The Debtors as of Sept. 9, 2014, owe $285.6 million in principal
plus accrued but unpaid interest of $6.6 million under a first
lien debt issued under their 2010 bankruptcy-exit plan.  The
Debtors also have trade debt in the amount of $13.5 million.

The U.S. Trustee for Region 3 on Sept. 23 appointed seven
creditors of Trump Entertainment Resorts, Inc., to serve on the
official committee of unsecured creditors.


TRUMP ENTERTAINMENT: Icahn, Lawmakers Battle Over Casino's Fate
---------------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
Trump Entertainment Resorts Inc.'s bid for survival appeared
headed for the rocks, as a group of New Jersey lawmakers joined
Atlantic City Mayor Don Guardian to announce they won't talk to
secured lender Carl Icahn, until Mr. Icahn stops allegedly
squeezing casino workers at the bargaining table.  According to
the report, at an open-air rally with union workers in front of
another Icahn-controlled casino, Tropicana Casino & Resort
Atlantic City, New Jersey Senate President Stephen Sweeney told
Mr. Icahn, "You get nothing from us until you treat these workers
with respect."

                 About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on
Sept. 9, 2014, with plans to close the Trump Plaza by next week,
and, absent union concessions, the Taj Mahal by Nov. 13.

TER and its affiliated debtors own and operate two casino hotels
located in Atlantic City, New Jersey.  TER said it will close the
Trump Taj Mahal Casino Resort by Sept. 16, and, absent union
concessions, the Trump Plaza Hotel and Casino by Nov. 13.

The Debtors have sought an order authorizing the joint
administration of their Chapter 11 cases and the consolidation
thereof for procedural purposes only.  Judge Kevin Gross presides
over the Chapter 11 cases.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
counsel; Stroock & Stroock & Lavan LLP, as co-counsel; Houlihan
Lokey Capital, Inc., as financial advisor; and Prime Clerk LLC, as
noticing and claims agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.

The Debtors as of Sept. 9, 2014, owe $285.6 million in principal
plus accrued but unpaid interest of $6.6 million under a first
lien debt issued under their 2010 bankruptcy-exit plan.  The
Debtors also have trade debt in the amount of $13.5 million.

The U.S. Trustee for Region 3 on Sept. 23 appointed seven
creditors of Trump Entertainment Resorts, Inc., to serve on the
official committee of unsecured creditors.


TRUMP ENTERTAINMENT: Donald Trump Wants Name Removed From Company
-----------------------------------------------------------------
Wayne Parry at The Associated Press relates that Donald Trump and
his daughter Ivanka, in a lawsuit against Trump Entertainment
Resorts Inc., are seeking to disassociate themselves from the
Debtor and have their name stripped from the Trump Taj Mahal
casino, and the Debtor itself, claiming that the Debtor let its
two casinos fall into disrepair that it breached quality standards
agreed to by both sides.

The AP quoted Mr. Trump as saying, "I am saddened to see that the
current managers and owners of the Trump Plaza and Trump Taj Mahal
were unable to operate these properties to the highest standards
of luxury and success as required under the license agreement and
consistent with my name and reputation.  Because of constant
defaults of the standards stipulated in the license agreement, I
had no choice but to terminate the license agreement and require
TER to remove the Trump name from both buildings."

Donald Trump said in a statement that he has had nothing to do
with the Debtor other than licensing his name to it since 2009.

Mr. Trump is still considering buying the Taj Mahal from
bankruptcy court, The AP states, citing Ivanka Trump.  The AP
relates that investor Carl Icahn, who holds most of the Debtor's
debt, has also expressed interest in acquiring Trump Taj Mahal by
converting its debt into ownership if a series of governmental
concessions are made, including a request that Atlantic City
drastically slash its tax assessment of the Debtor's property,
which Mayor Don Guardian has already ruled out.

According to The AP, the Debtor has said that without an injection
of $100 million from Mr. Icahn and without significant cost relief
from the union, including the elimination of workers' pension and
health care, it will shut the Trump Taj Mahal down by Nov. 13,
2014.

As reported by the Troubled Company Reporter on Oct. 6, 2014, Peg
Brickley, writing for The Wall Street Journal, reported that U.S.
Bankruptcy Judge Kevin Gross in Wilmington, Del., rejected the
Debtor's request for emergency relief from its pension funding
obligations, saying that a courtroom debate over a contract with
Unite Here Local 54 is just weeks away and the pension funding
will be part of that litigation.  Judge Gross pointed out that the
Debtor and Unite Here Local 54 are obliged to keep negotiating up
until Oct. 14, the date set for the company and union to face off
over the contract.

                 About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on
Sept. 9, 2014.

TER and its affiliated debtors own and operate the Trump Taj Mahal
Casino Resort and the Trump Plaza Hotel and Casino, two casino
hotels located in Atlantic City, New Jersey.

The Debtors have sought an order authorizing the joint
administration of their Chapter 11 cases and the consolidation
thereof for procedural purposes only.  Judge Kevin Gross presides
over the Chapter 11 cases.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
counsel; Stroock & Stroock & Lavan LLP, as co-counsel; Houlihan
Lokey Capital, Inc., as financial advisor; and Prime Clerk LLC, as
noticing and claims agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.

The Debtors as of Sept. 9, 2014, owe $285.6 million in principal
plus accrued but unpaid interest of $6.6 million under a first
lien debt issued under their 2010 bankruptcy-exit plan.  The
Debtors also have trade debt in the amount of $13.5 million.

The U.S. Trustee for Region 3 on Sept. 23 appointed seven
creditors of Trump Entertainment Resorts, Inc., to serve on the
official committee of unsecured creditors.


VERITEQ CORP: Receives Notification From OTCQB Marketplace
----------------------------------------------------------
VeriTeQ Corporation disclosed with the U.S. Securities and
Exchange Commission that it received notification from the OTCQB
Marketplace on Oct. 6, 2014, that the OTCQB had recently
instituted a minimum closing bid price of $0.01.  If an OTCQB
listed Company's common stock does not have a closing bid price of
at least $0.01 per share on at least one of the prior 30
consecutive calendar days, it will fail the requirement.

Accordingly, if the closing bid price of the Company's common
stock does not have a closing bid price of a penny or more by
Oct. 11, 2014, the OTCQB will stop quoting the Company's common
stock.  The Company's common stock will be quoted on, and will
continue to trade on OTC Pink.  The minimum penny bid price test
and the other additional eligibility standards are part of a new
process that has been implemented for OTCQB companies.

                         Sells $52,500 Note

VeriTeQ entered into a securities purchase agreement, dated Sept.
30, 2014, which became effective on Oct. 2, 2014, with an
accredited investor.  Pursuant to the terms of the Securities
Agreement, the Company issued and sold to the Investor a
convertible promissory note, bearing interest at 12% per annum in
the amount of $52,500.

The 12% Note matures on Sept. 30, 2015, and may be converted in
whole or in part into the Company's common stock, at the option of
the holder at a conversion price equal to a 40% discount from the
average of the three lowest daily trading prices in the ten
trading days prior to the day that the holder requests conversion.
Trading price means, as of any date, the lowest trading price on
the Over-the-Counter Bulletin Board, or applicable trading market
as reported by a reliable reporting service mutually acceptable to
the Company and the holder.  However, in no event will the holder
be entitled to convert any portion of the 12% Note if that
conversion would result in beneficial ownership by the holder and
its affiliates of more than 9.99% of the outstanding shares of the
Company's common stock, subject to possible adjustment as provided
in the 12% Note.

So long as the Company has not received a notice of conversion
from the Holder, then at any time until 90 days following the
issue date, the Company will have the right to prepay the
outstanding principal and accrued interest in full with such
payment being equal to equal to 135% of the principal and accrued
and unpaid interest outstanding.

                         Exchange Agreement

On Sept. 30, 2014, under the terms of a purchase agreement, an
accredited investor purchased from Deephaven Enterprises, Inc., a
portion of a promissory note that had been previously issued by
the Company to Deephaven.  The amount purchased was $50,000.  On
Sept. 30, 2014, the Company entered into an Exchange Agreement
with the Accredited Investor, whereby the Company exchanged the
$50,000 note that the Accredited Investor had purchased from
Deephaven with a new $50,000 promissory note issued by the Company
to the Accredited Investor.  The $50,000 Note, which became
effective on Oct. 2, 2014, bears interest at 12% per annum,
matures on Sept. 30, 2015, and may be converted in whole or in
part into the Company's common stock, at the option of the holder
at a conversion price equal to a 40% discount from the average of
the three lowest daily trading prices in the ten trading days
prior to the day that the holder requests conversion.  Trading
price means, as of any date, the lowest trading price on the Over-
the-Counter Bulletin Board, or applicable trading market as
reported by a reliable reporting service mutually acceptable to
the Company and the Accredited Investor.  However, in no event
shall the holder be entitled to convert any portion of the $50,000
Note if such conversion would result in beneficial ownership by
the holder and its affiliates of more than 4.99% of the
outstanding shares of the Company's common stock, subject to
possible adjustment as provided in the $50,000 Note.

                     $38,000 Convertible Note

On Oct. 1, 2014, the Company entered into a securities purchase
agreement with an accredited investor, which became effective on
Oct. 6, 2014, the date of funding.  Pursuant to the terms of the
SPA, the Company issued and sold to the purchaser a convertible
promissory note in the aggregate principal amount of $38,000.

The note, which accrues interest at a rate of 8% per annum, will
mature on July 3, 2015.  The note provides the Company with
several pre-payment options with varying amount due depending upon
the timing of the prepayment.  The note may be converted in whole
or in part into the Company's common stock, at the option of the
holder, at any time following 180 days after issuance and until
the maturity date, unless the conversion or share issuance under
the conversion would cause the holder to beneficially own in
excess of 4.99% of the Company's common stock.  The conversion
price will be 61% multiplied by the market price.

A copy of the Form 8-K as filed with the SEC is available at:

                         http://is.gd/QVLfp5

                           About VeriTeQ

VeriTeQ (formerly known as Digital Angel Corporation) develops
innovative, proprietary RFID technologies for implantable medical
device identification, and dosimeter technologies for use in
radiation therapy treatment.  VeriTeQ offers the world's first FDA
cleared RFID microchip technology that can be used to identify
implantable medical devices, in vivo, on demand, at the point of
care.  VeriTeQ's dosimeters provide patient safety mechanisms
while measuring and recording the dose of radiation delivered to a
patient in real time.  For more information on VeriTeQ, please
visit www.veriteqcorp.com

Veriteq Corporation reported a net loss of $15.07 million on
$18,000 of sales for the year ended Dec. 31, 2013, as compared
with a net loss of $1.60 million on $0 of sales for the year ended
Dec. 31, 2012.  As of June 30, 2014, the Company had $7.04 million
in total assets, $14.16 million in total liabilities and a $7.12
million total stockholders' deficit.

EisnerAmper LLP, in New York, 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 recurring net losses, and at Dec. 31,
2013, had negative working capital and a stockholders' deficit.
These events and conditions raise substantial doubt about the
Company's ability to continue as a going concern.


VUZIX CORP: Freed Maxick Replaced EFP Rotenberg as Accountants
--------------------------------------------------------------
Vuzix Corporation was recently advised by its independent
registered accounting firm, EFP Rotenberg, LLP, of its intention
to cease serving as the Company's independent registered public
accounting firm upon the Company identifying a successor firm.
The Company understands that the basis for EFPR's decision is that
EFPR has made a strategic decision to serve public companies in
roles other than as the independent auditor.

On Oct. 3, 2014, the Company engaged Freed Maxick, LLP, as the
Company's independent registered public accounting firm, and EFPR
resigned as the Company's independent registered public accounting
firm.  Freed Maxick is headquartered in Buffalo, New York, with a
local office in Rochester, New York.  The decision to engage Freed
Maxick was approved by the audit committee of the Company's board
of directors.  EFPR has informed the Company that it will
cooperate and assist with an orderly transition of audit firms and
the Company has authorized EFPR to respond fully to any inquiries
of the successor auditor.

EFPR's reports on the financial statements of the Company for each
of the past two fiscal years have neither contained an adverse
opinion or a disclaimer of opinion, nor been qualified or modified
as to uncertainty, audit scope or accounting principles, except
that, the reports included an explanatory paragraph with respect
to the uncertainty as to the Company's ability to continue as a
going concern.  During the past two fiscal years and in the
subsequent interim period through Oct. 3, 2014, the Company said
it had no disagreements with EFPR.

During the two most recent fiscal years and in the subsequent
interim period through Oct. 3, 2014, the Company said it has not
consulted with Freed Maxick, LLP.

                       About Vuzix Corporation

Vuzix -- http://www.vuzix.com-- is a supplier of Video Eyewear
products in the consumer, commercial and entertainment markets.
The Company's products, personal display devices that offer users
a portable high quality viewing experience, provide solutions for
mobility, wearable displays and virtual and augmented reality.
Vuzix holds 33 patents and 15 additional patents pending and
numerous IP licenses in the Video Eyewear field.  Founded in 1997,
Vuzix is a public company with offices in Rochester, NY, Oxford,
UK and Tokyo, Japan.

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

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


VYCOR MEDICAL: Fountainhead Capital Holds 50.1% Equity Stake
------------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, Fountainhead Capital Management Limited
disclosed that as of Oct. 6, 2014, it beneficially owned
6,406,285 shares of common stock of Vycor Medical, Inc.,
representing 50.1 percent of the shares outstanding.  A copy of
the regulatory filing is available at http://is.gd/EmtgNF

                         About Vycor Medical

Boca Raton, Fla.-based Vycor Medical, Inc. (OTC BB: VYCO)
-- http://www.VycorMedical.com/-- is a medical device company
committed to making neurological brain, spinal and other surgical
procedures safer and more effective.  The Company's flagship,
Patent Pending ViewSite(TM) Surgical Access Systems represent an
exciting new minimally invasive access and retraction system that
holds the potential for speedier, safer and more economical brain,
spinal and other surgeries and a quicker patient discharge.
Vycor's innovative medical instruments are designed to optimize
neurosurgical site access, reduce patient risk, accelerate
recovery, and add tangible value to the professional medical
community.

Vycor Medical reported a net loss of $2.47 million on $1.08
million of revenue for the year ended Dec. 31, 2013, as compared
with a net loss of $2.93 million on $1.20 million of revenue for
the year ended Dec. 31, 2012.  The Company's balance sheet at
March 31, 2014, showed $4.86 million in total assets, $5.10
million in total liabilities and a $247,332 total stockholders'
deficiency.


WAJAX CORP: DBRS Confirms 'BB(high)' Issuer Rating
--------------------------------------------------
DBRS Inc. has confirmed the Issuer Rating and Senior Unsecured
Notes rating for Wajax Corporation at BB (high) and BB (low) with
a Recovery Rating of RR6, respectively; all trends are Stable.
The Issuer Rating reflects the Company's adequate business profile
and its satisfactory financial profile.  Credit metrics exceed the
currently assigned ratings, despite slightly softer results across
the Company's segments catering to resource-based industries.
DBRS has determined Wajax's asset value at default based on a
liquidation analysis in which DBRS applies discount values to
Wajax's assets.

Wajax's performance was slightly weaker in 2013 relative to DBRS's
expectations as revenues and earnings declined by more than
expected.  The ongoing challenging conditions in the resource
sector as a result of softer commodity prices, decreased
production and little or no expansion continued to weigh in on
results.  Revenues in the Company's equipment and power systems
segments were down, and operating income was affected across all
three segments -- Equipment, Power Systems and Industrial
Components.  Earnings declines were further exacerbated by
competitive conditions across the capital goods dealership
industry.  Similar developments affected H1 2014, with
particularly strong declines in Q1 2014.

Credit metrics for the last 12 months ended June 30, 2014 were
slightly lower compared to those at year-end 2013, but remained
above the currently assigned ratings.  Wajax refinanced its credit
facility, extending the maturity to by three years to August, 2019
and increasing the revolving term portion to $220 million from
$190 million previously.

DBRS expects mixed conditions to continue to affect Wajax's
revenues, earnings and cash flows negatively over the next 12
months.  The Company's diversified exposure, including geographic
and end-market multiplicity, should offset some of the declines in
other areas, although substantial improvement to the financial
profile is not expected over the next 12 months.  DBRS expects the
Issuer Rating to remain at BB (high), although a review will occur
in the event that the Company's indebtedness increases
significantly or in the event of substantially lower-than-expected
results.


WINDSOR PETROLEUM: Disclosures Approved; Plan Hearing on Nov. 20
----------------------------------------------------------------
Judge Peter J. Walsh of the U.S. Bankruptcy Court for the District
of Delaware has approved the disclosure statement explaining
Windsor Petroleum Transport Corporation, et al.'s amended plan of
reorganization and scheduled a confirmation hearing for Nov. 20,
2014, at 3:00 p.m. (prevailing Eastern Time).

Objections to confirmation of the Plan must be submitted on or
before Nov. 13.

As previously reported by The Troubled Company Reporter, the
Debtors the Plan is premised on a restructuring support agreement
negotiated with bondholders who hold more than 70% of the
Company's 7.84% secured notes in a principal amount of
$188,590,000 as of the Petition Date.

The key components of the Plan are as follows:

   * Holders of Allowed General Unsecured Claims, including
     Allowed Claims of trade vendors, suppliers, customers and
     charterers, will not be affected by the filing of the
     bankruptcy cases and, to the extent those Claims have not
     been paid in full in the ordinary course of business during
     the pendency of the Chapter 11 Cases, the Claims will be
     reinstated and left unimpaired under the Plan.  General
     Unsecured Claims are estimated to total $2,975,000.

   * Holders of all Allowed Administrative Claims, Priority Tax
     Claims, statutory fees, Other Priority Claims and Other
     Secured Claims will receive payment in full, in Cash.

   * All Claims under the Secured Notes Indenture will be
     converted into 100% of the ownership units of New Holdco.

A full-text copy of the Disclosure Statement dated Oct. 8, 2014,
is available at http://bankrupt.com/misc/WINDSORds1008.pdf

         About Windsor Petroleum Transport Corporation

Windsor Petroleum Transport Corporation and several of its
subsidiaries and related entities on July 14, 2014, filed for
reorganization under Chapter 11 of the U.S. Bankruptcy Code in the
United States Bankruptcy Court in Wilmington, Delaware (Lead Case
No. 14-11708).

The Debtors' counsel is Pauline K. Morgan, Esq., at Young Conaway
Stargatt & Taylor, LLP, in Wilmington, Delaware.  The Debtors'
crisis managers come from AMA Capital, while their chief
restructuring officer is Paul J. Leand, Jr.

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


* Bankruptcy No Bar to Suing Debt Collector under FDCPA
-------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that U.S. District Judge Susan C. Bucklew in Tampa,
Florida, came down on the side of consumers by ruling that a
bankrupt can mount a successful suit against a debt collector
under the federal Fair Debt Collection Practices Act, or FDCPA.
According to the report, Judge Bucklew allowed a bankrupt's FDCPA
suit to proceed, even though the consumer had a lawsuit also
pending against the debt collector in bankruptcy court for
violation of the automatic stay.

The case is Davis v. NCO Financial Systems Inc., 14-198, U.S.
District Court, Middle District Florida (Tampa).


* Distressed Restructurings Down So Far This Year
-------------------------------------------------
Stephanie Gleason, writing for Daily Bankruptcy Review, reported
that the number distressed restructuring deals in the U.S. and
abroad fell significantly during the first nine months of this
year as sparse corporate default and continued low-interest rates
in the U.S. disguised upticks in Europe and the Middle East.
According to the report, citing Thomson Reuters, there were 187
distressed restructuring transactions involving $118.9 billion
completed globally between Jan. 1 and Sept. 30 this year.


* BOND PRICING: For Week From October 6 to 10, 2014
---------------------------------------------------

  Company               Ticker  Coupon Bid Price  Maturity Date
  -------               ------  ------ ---------  -------------
Allen Systems
  Group Inc             ALLSYS  10.500    52.250     11/15/2016
Allen Systems
  Group Inc             ALLSYS  10.500    53.000     11/15/2016
Brandywine Operating
  Partnership LP        BDN      7.500   104.600      5/15/2015
Buffalo Thunder
  Development
  Authority             BUFLO    9.375    40.000     12/15/2014
Caesars Entertainment
  Operating Co Inc      CZR     10.000    19.750     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    28.500       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     12.750    22.200      4/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      6.500    28.321       6/1/2016
Caesars Entertainment
  Operating Co Inc      CZR      5.750    30.218      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR     10.000    19.000     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    33.250       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR      5.750    17.375      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR     10.750    44.250       2/1/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    33.250       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     10.000    19.500     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.000    22.250     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.000    19.500     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.000    22.250     12/15/2018
Dendreon Corp           DNDN     2.875    63.000      1/15/2016
Endeavour
  International Corp    END      5.500     6.000      7/15/2016
Endeavour
  International Corp    END     12.000    20.000       6/1/2018
Energy Conversion
  Devices Inc           ENER     3.000     7.875      6/15/2013
Energy Future
  Holdings Corp         TXU      5.550    85.000     11/15/2014
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc           TXU     10.000     8.750      12/1/2020
Energy Future
  Intermediate
  Holding Co LLC /
  EFIH Finance Inc      TXU     10.000     8.750      12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc           TXU      6.875     6.000      8/15/2017
Exide Technologies      XIDE     8.625    26.000       2/1/2018
Exide Technologies      XIDE     8.625    16.750       2/1/2018
Exide Technologies      XIDE     8.625    16.750       2/1/2018
FairPoint
  Communications
  Inc/Old               FRP     13.125     1.000       4/2/2018
Federal Farm
  Credit Banks          FFCB     4.000    99.900     10/15/2028
GT Advanced
  Technologies Inc      GTAT     3.000    21.000      10/1/2017
Global Geophysical
  Services Inc          GGS     10.500     8.800       5/1/2017
Global Geophysical
  Services Inc          GGS     10.500     9.625       5/1/2017
Gymboree Corp/The       GYMB     9.125    32.750      12/1/2018
Humana Inc              HUM      6.450   108.449       6/1/2016
Hutchinson
  Technology Inc        HTCH     8.500    92.000      1/15/2026
James River Coal Co     JRCC     7.875     1.140       4/1/2019
James River Coal Co     JRCC    10.000     1.250       6/1/2018
James River Coal Co     JRCC    10.000     4.963       6/1/2018
John Hancock Life
  Insurance Co          MFCCN    3.570    99.900     10/15/2014
Las Vegas Monorail Co   LASVMC   5.500     9.975      7/15/2019
Lehman Brothers Inc     LEH      7.500    12.500       8/1/2026
MF Global Holdings Ltd  MF       6.250    40.500       8/8/2016
MF Global Holdings Ltd  MF       1.875    38.100       2/1/2016
MModal Inc              MODL    10.750    10.125      8/15/2020
MModal Inc              MODL    10.750    10.125      8/15/2020
Molycorp Inc            MCP      6.000    38.750       9/1/2017
Molycorp Inc            MCP      5.500    37.000       2/1/2018
Morgans Hotel Group Co  MHGC     2.375    99.875     10/15/2014
Motors Liquidation Co   MTLQQ    7.200    11.250      1/15/2011
Motors Liquidation Co   MTLQQ    6.750    11.250       5/1/2028
Motors Liquidation Co   MTLQQ    7.375    11.250      5/23/2048
NII Capital Corp        NIHD     7.625    18.410       4/1/2021
NII Capital Corp        NIHD    10.000    27.000      8/15/2016
NII Capital Corp        NIHD     8.875    28.250     12/15/2019
NII Holdings Inc        NIHDQ    2.875     3.000       2/1/2034
Navistar
  International Corp    NAV      3.000    99.500     10/15/2014
Platinum Energy
  Solutions Inc         PLATEN  14.250    74.750       3/1/2015
Platinum Energy
  Solutions Inc         PLATEN  14.250    74.750       3/1/2015
Platinum Energy
  Solutions Inc         PLATEN  14.250    74.750       3/1/2015
Platinum Energy
  Solutions Inc         PLATEN  14.250    74.750       3/1/2015
Powerwave
  Technologies Inc      PWAV     3.875     0.125      10/1/2027
Powerwave
  Technologies Inc      PWAV     3.875     0.125      10/1/2027
Powerwave
  Technologies Inc      PWAV     1.875     0.125     11/15/2024
Powerwave
  Technologies Inc      PWAV     1.875     0.125     11/15/2024
Quicksilver
  Resources Inc         KWK      7.125    25.500       4/1/2016
RadioShack Corp         RSH      6.750    34.000      5/15/2019
Sunoco Inc              ETP      4.875    99.886     10/15/2014
THQ Inc                 THQI     5.000    12.125      8/15/2014
TMST Inc                THMR     8.000    12.000      5/15/2013
Terrestar Networks Inc  TSTR     6.500    10.000      6/15/2014
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250    10.750      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    26.000       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250    10.000      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000    36.200       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500    11.000      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.250    11.375      11/1/2015
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500    10.250      11/1/2016
Toys R Us -
  Delaware Inc          TOY      7.375   101.050       9/1/2016
Tunica-Biloxi
  Gaming Authority      PAGON    9.000    59.875     11/15/2015
US Foods Inc            USFOOD   8.500   105.125      6/30/2019
Walter Energy Inc       WLT      9.875    29.600     12/15/2020
Walter Energy Inc       WLT      8.500    28.500      4/15/2021
Walter Energy Inc       WLT      9.875    27.125     12/15/2020
Walter Energy Inc       WLT      9.875    27.125     12/15/2020
Western Express Inc     WSTEXP  12.500    89.125      4/15/2015
Western Express Inc     WSTEXP  12.500    88.625      4/15/2015


                             *********

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 ***