TCR_Public/141015.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Wednesday, October 15, 2014, Vol. 18, No. 287

                            Headlines

1SOLTECH INC: Voluntary Chapter 11 Case Summary
231 FOURTH AVENUE: PB Wins Stay Relief in Owner's Bankr. Case
30DC INC: Fiscal 2014 Report Includes Going Concern Doubt
AC I INV: Cash Order Requires Sale by Mid-February
AC I INV: Oct. 30 Hearing on Bid for Exclusivity Extensions

AC I INV: Wants to Hire Robinson Brog as Bankruptcy Counsel
AIRTRONIC USA: CEO Fails to Dismiss Suit by Failed Merger Partner
ALCO STORES: Discount Chain Files Ch. 11 to Liquidate or Sell
ALCO STORES: Wants Until Nov. 21 to File Schedules
ALCO STORES: Proposes DIP Financing From Wells Fargo

ALVARION LTD: Creditors' Plan of Settlement Nullified
AMERICAN AIRLINES: FTC Wins Claim Transfer Dispute With JPMorgan
ARCHDIOCESE OF ST. PAUL-MINNEAPOLIS: Outline Protection Protocols
ARIZONA COYOTES: Philadelphia Investor Buys Team
ATLAS PIPELINE: S&P Puts 'B+' CCR on CreditWatch Positive

BANK OF THE CAROLINAS: Files Second Amendment to FY 2013 Report
BARISTAS COFFEE: Posts $128K Net Loss for Second Quarter
BAY AREA: Plan of Reorganization Declared Effective
BAY AREA: Wants to Sell Oxnard, CA Property for $1.7-Mil.
BERNARD L. MADOFF: Solus & SPV Not Entitled to Refund

BROWNSVILLE MD: Bankruptcy Case Dismissed After Foreclosure
BRUSH CREEK AIRPORT: Community Banks of Colorado Seeks Stay Relief
CHRIST CHURCH APOSTOLIC: Case Summary & 2 Top Unsecured Creditors
CLOUDEEVA INC: BAPL Says Balmer Employment Unnecessary
CLOUDEEVA INC: BAPL Says Cole Schotz Should Return Retainer

CLOUDEEVA INC: BAPL Drops Bid for Trustee, Still Pushes Dismissal
COMMUNITY HOME: Ch. 11 Trustee Taps Spotts Fain as Special Counsel
COUPOUNAS LLC: Case Summary & 20 Largest Unsecured Creditors
COUTURE HOTEL: Secured Creditors Object to Use of Cash Collateral
COUTURE HOTEL: Sec. 341(a) Meeting Set for Nov. 6

CRAIGHEAD COUNTY FAIR: Files for Chapter 11 in Arkansas
CRAIGHEAD COUNTY FAIR: Voluntary Chapter 11 Case Summary
CYTODYN INC: Incurs $3.38-Mil. Net Loss for Aug. 31 Quarter
D&L ENERGY: Can Sell Disposable Well Assets for $4.35-Mil.
D&L ENERGY: Compromise Agreement with Resource Land Approved

DARDEN RESTAURANTS: Moody's Lowers Senior Unsecured Rating to Ba1
DAYBREAK OIL: Swings to $114K Profit in Aug. 31 Quarter
DYNAVOX INC: Can Employ Ernst & Young as Tax Advisor
ENDEAVOUR INT'L: Moody's Lowers Default Rating to D-PD
ENERGY FUTURE: Creditors Oppose Proposed Bid Protocol

FERROUS MINER: Case Summary & 20 Largest Unsecured Creditors
FREEFALL ADVENTURES: Files for Ch 11 Months After Owner's Bankr.
GENCORP INC: Reports $9.5-Mil. Net Loss for Aug. 31 Quarter
GENERAL MOTORS: Investors Fret Over Ex-Employee, Car Owners Suit
GILES JORDAN: Galveston Shores Withdraws Motion for Valuation

GLOBAL GEOPHYSICAL: Oct. 15 Hearing on Backstop Agreement
GREEN POWER: Files Bare-Bones Ch. 11 Petition in Seattle
GT ADVANCED: Wants to Disclose Details of Apple Deal to Public
HDGM ADVISORY: Has Until Nov. 3 to File Disclosure Statement
HEDWIN CORPORATION: Taps Keightley & Ashner as Pensions Counsel

HOUSTON REGIONAL: Court Okays Employee Retention Program
INTELLICELL BIOSCIENCES: Has $2.71-Mil. Net Income in Q2
INTELLICELL BIOSCIENCES: Amends 2013 Fiscal Year Report
INTELLICELL BIOSCIENCES: Files Amendment to Q1 2014 Report
INTERNATIONAL TRADE: Files for Chapter 7 Liquidation

ISLAMIC CENTER OF MEMPHIS: Motion for Chapter 11 Discharge Denied
JOSEPH GRASSO: Court Okays Some of Madison Capital's Fee Claim
JPJ REAL ESTATE: Files for Ch 11; Sec. 341 Meeting on Nov. 3
KASPER LAND: Withdraws Motion to Tap Glenn Cumming as Broker
KNR ENTERPRISE: Files for Ch 11; Sec. 341 Meeting on Nov. 6

LDR INDUSTRIES: Adduci Mastriani Approved as Customs Counsel
LDR INDUSTRIES: General Claims Bar Date Set for Dec. 1, 2014
LDR INDUSTRIES: Adduci Mastriani Approved as Customs Counsel
LDR INDUSTRIES: General Claims Bar Date Set for Dec. 1, 2014
LDR INDUSTRIES: Reed Smith Approved as Bankruptcy Counsel

LDR INDUSTRIES: Silverman Consulting Okayed as Advisor
LONGVIEW POWER: Asks Court to Okay Dunkard Creek Settlement
MACKEYSER HOLDINGS: Needs Until 2015 to File Liquidating Plan
MATAGORDA ISLAND: Files Schedules of Assets and Liabilities
MOMENTIVE PERFORMANCE: Hires Deloitte Tax to Provide Tax Services

MONTREAL MAINE: Plan Moratorium Period Extended Until Nov. 30
MSI CORPORATION: Says Primary Issue on Plan Is Feasibility
MVB HOLDING: Has Until Oct. 17 to File Schedules and Statements
MVB HOLDING: Taps Byrd & Wiser to Assist in Reorganization Case
NEW ENGLAND COMPOUNDING: MDL Stayed as to Insiders et al

NEW ENTERPRISE: Has $10.75-Mil. Net Income in Aug. 31 Quarter
NNN PARKWAY: Cases Dismissed; U.S. Trustee Fees Must Be Paid
NORANDA ALUMINUM: S&P Lowers CCR to 'B-'; Outlook Stable
NRG YIELD: S&P Assigns 'BB+' CCR & Rates $500MM Notes 'BB+'
PALM BEACH COMMUNITY: New River to Appraise Palm Beach Gardens

PALM BEACH COMMUNITY: Aucamp Dellenback Approved as Appraiser
PALMETTO INVESTMENTS: Mich. Court Okays Appointment of Receiver
PICHI'S INC: Case Summary & 20 Largest Unsecured Creditors
PRETTY GIRL: Balks at Committee Bid to Tap Moses & Singer, Wilk
PRETTY GIRL: Panel Taps CBIZ Accounting as Financial Advisor

RB ENERGY: Seeks Creditor Protection Under CCAA
RESIDENTIAL CAPITAL: Dist. Judge Tosses Jackson Claim Appeal
REVEL AC: Bonnie Glantz Fatell Named as New Privacy Ombudsman
REVEL AC: Wants Oct. 28 Fixed as Administrative Expense Bar Date
REVEL AC: Withdraws Bid to Employ Cooper Levenson as Counsel

RURAL/METRO CORP: Judge Imposes Additional $76MM Fine on RBC
SALPAT INC: Files for Ch 7 Liquidation; Nov. 12 Sec. 341 Meeting
SEARS METHODIST: Auction for Sears Plains Retirement on Oct. 29
SIGA TECHNOLOGIES: Wants to Hire Weil Gotshal as General Counsel
SIGA TECHNOLOGIES: Taps Prime Clerk as Claims & Noticing Agent

SIGA TECHNOLOGIES: Taps Ostrolenk Faber as IP Counsel
SPECIALTY PRODUCTS: Future Claimants Taps ARPC as Consultants
T-L BRYWOOD: Taps Valbridge Property as Appraiser
TARGA RESOURCES: S&P Puts 'BB+' CCR on CreditWatch Positive
TEXAS RANGERS: Counterclaims Against Aircraft Lessor Rejected

TRANSCOASTAL CORP: Files Third Amendment to 2013 FY Report
TRANSCOASTAL CORP: Amends Q2 Ended June 30 Report
TRUMP ENTERTAINMENT: Panel Says Houlihan's $1.5MM Fee Excessive
YMCA OF METROPOLITAN: Has Until Jan. 31 to Propose Plan
YMCA OF METROPOLITAN: Time to Decide on Leases Extended to Jan. 1

YMCA MILWAKEE: Approved to Sell Assets to Stalking Horse Bidders
YMCA MILWAKEE: Has Until Jan. 31 to File Chapter 11 Plan
ZYNEX INC: Incurs $5.56-Mil. Net Loss in Q2 Ended June 30

* Global Signs of Slowdown Ripple Across Markets
* U.S. & UK Meet to Discuss Key Components for G-SIB Resolution


                             *********


1SOLTECH INC: Voluntary Chapter 11 Case Summary
-----------------------------------------------
The Debtor filed an amended petition to change the name to
1SolTech, Inc.

Debtor: 1SolTech, Inc.
        4724 Towne Square, #1610
        Plano, TX 75024

Case No.: 14-42187

Chapter 11 Petition Date: October 13, 2014

Court: United States Bankruptcy Court
       Eastern District of Texas (Sherman)

Debtor's Counsel: Joyce W. Lindauer, Esq.
                  ATTORNEY AT LAW & MEDIATOR
                  8140 Walnut Hill Lane, Suite 301
                  Dallas, TX 75231
                  Tel: (972) 503-4033
                  Fax: (972) 503-4034
                  Email: joyce@joycelindauer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Zak Fardi, executive vice president.

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


231 FOURTH AVENUE: PB Wins Stay Relief in Owner's Bankr. Case
-------------------------------------------------------------
P.B. #7 LLC may pursue foreclosure of real property located at
227-231 4th Avenue, Brooklyn, New York, Bankruptcy Judge Carla E.
Craig denied the motion of Chapter 13 debtor, Eric H. Richmond, to
stay the Court's order granting PB's motion to lift the automatic
stay, pending the outcome of Mr. Richmond's appeal from the lift
stay order.

Mr. Richmond is the sole shareholder of 231 Fourth Avenue Lyceum,
and a defendant in PB's foreclosure action.  PB is the holder of a
judgment of foreclosure and sale against both Lyceum and Mr.
Richmond.

Lyceum filed for Chapter 11 bankruptcy (Bankr. E.D.N.Y. Case No.
13-42125) to halt the foreclosure proceedings.  The judge in
Lyceum, however, gave PB relief from the automatic stay to allow
foreclosure.  Following that, no further action was taken to
pursue reorganization, and Lyceum's chapter 11 bankruptcy was
dismissed on September 5, 2014.  The order dismissing Lyceum's
case has been appealed.

After the stay was lifted in Lyceum's case, PB sought permission
from the state court to file a notice of sale.  One day before the
return date of PB's motion in state court, Mr. Richmond commenced
the Chapter 13 bankruptcy case (Bankr. E.D.N.Y. Case No. 14-
41678).

Counsel for P.B. #7 LLC is:

     Glenn P. Warmuth, Esq.
     STIM & WARMUTH, P.C.
     2 Eighth Street
     Farmingville, NY 11738

A copy of the Court's October 10, 2014 decision is available at
http://is.gd/9DyUoOfrom Leagle.com.


30DC INC: Fiscal 2014 Report Includes Going Concern Doubt
---------------------------------------------------------
30DC, Inc., filed with the U.S. Securities and Exchange Commission
on Oct. 10, 2014, its annual report on Form 10-K for the fiscal
year ended June 30, 2014.

MaloneBailey, LLP, expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company
has accumulated losses from operations since inception and has a
working capital deficit as of June 30, 2014.

The Company reported net income of $58,918 on $2.8 million of
total revenue for the fiscal year ended June 30, 2014, compared to
a net loss of $407,642 on $1.47 million of total revenue in the
prior year.

The Company's balance sheet at June 30, 2014, showed $2.64 million
in total assets, $1.93 million in total liabilities and total
stockholders' equity of $716,127.

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

                       http://is.gd/E7QnkP

                         About 30DC Inc.

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

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

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


AC I INV: Cash Order Requires Sale by Mid-February
--------------------------------------------------
Bankruptcy Judge Robert D. Drain signed off a stipulated final
order authorizing AC I Inv Manahawkin LLC, et al., to use the
lender's cash collateral.

As of the Petition Date, the total principal amount outstanding
under the loan documents, attorneys' fees and special servicer
fees, was $30,825,406.

As adequate protection from any diminution in value of the
lender's collateral, the Debtor will grant Rialto Capital
Advisors, LLC, solely in its capacity as special servicer for the
lender, adequate protection liens and superpriority administrative
claim status, subject to carve out on certain expenses.

Any objections or reservations to the motion that have not been
withdrawn, waived, or settled were denied and overruled.

As a condition to the lender's consent to Debtor's continued
use of cash collateral under the final order, the Debtor will
comply with these deadlines and milestones in connection with a
sale of substantially all its assets.

   a. by Oct. 30, 2014, the Debtor will have hired a broker,
acceptable to lender, to market and sell all or substantially all
of its business assets as a going concern under Section 363 of the
Bankruptcy Code;

   b. by Dec. 15, 2014, the Debtor will have filed with the Court
a motion or a plan of reorganization that provides for the sale of
the property, in form and substance satisfactory to lender,
seeking approval of a Section 363 sale process;

   c. by Jan. 15, 2015, the Debtor will have: (i) obtained a
final, non-appealable order of the Court approving the proposed
bid, auction, and assumption and assignment procedures; and (ii)
received all qualified bids, and, if two or more competing bidders
are identified, the Debtor will have conducted an auction or, if
any stalking horse bid is the only qualified bid submitted by the
bid deadline, the Debtor will not hold the auction; and

   d. by Feb. 15, 2015, the Debtor will have: (i) obtained a
final, non-appealable order of the Court approving the sale motion
and the sale to the successful bidder, on such terms as may be
acceptable to lender or that pays the lender in full in cash at
closing; and (ii) closed the sale to the successful bidder.

                  About AC I Inv  Manahawkin LLC

AC I Inv Manahawkin LLC, AC I Manahawkin Mezz LLC and AC I
Manahawkin LLC filed separate Chapter 11 bankruptcy petitions
(Bankr. S.D.N.Y. Case Nos. 14-22791, 14-22792 and 14-22793) on
June 4, 2014.  The petitions were signed by David Goldwasser, of
GC Realty Advisors LLC, managing member.  The Debtors estimated
assets of $50 million to $100 million and debts of $0 to $50
million.  Robinson Brog Leinwand Greene Genovese & Gluck, P.C.,
serves as the Debtors' counsel.  Judge Robert D. Drain presides
over the cases.

Affiliates of AC I Inv., et al., have pending bankruptcy cases
before Judge Drain.  NY Affordable Housing Albany Assocs. LLC
sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 13-20007)
on July 26, 2013.  First Bronx LLC sought bankruptcy protection
(Bankr. S.D.N.Y. Case NO. 14-22047) on Jan. 13, 2014.  Ollie Allen
Holding Company LLC sought bankruptcy (Case NO. 14-22204) on Feb.
18, 2014.

U.S. Trustee was unable to form an official unsecured creditors'
committee.


AC I INV: Oct. 30 Hearing on Bid for Exclusivity Extensions
-----------------------------------------------------------
AC I Inv Manahawkin LLC, et al., ask the Bankruptcy Court to
extend their exclusive periods to file a plan of reorganization
until Jan. 30, 2015, and solicit acceptances for that Plan until
March 31.

This is the Debtors' first request for an extension of their
exclusive periods.

The Court set an Oct. 30, 2014 hearing on the matter.  Objections,
if any, are due seven days prior to the hearing.

                  About AC I Inv  Manahawkin LLC

AC I Inv Manahawkin LLC, AC I Manahawkin Mezz LLC and AC I
Manahawkin LLC filed separate Chapter 11 bankruptcy petitions
(Bankr. S.D.N.Y. Case Nos. 14-22791, 14-22792 and 14-22793) on
June 4, 2014.  The petitions were signed by David Goldwasser, of
GC Realty Advisors LLC, managing member.  The Debtors estimated
assets of $50 million to $100 million and debts of $0 to $50
million.  Robinson Brog Leinwand Greene Genovese & Gluck, P.C.,
serves as the Debtors' counsel.  Judge Robert D. Drain presides
over the cases.

Affiliates of AC I Inv., et al., have pending bankruptcy cases
before Judge Drain.  NY Affordable Housing Albany Assocs. LLC
sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 13-20007)
on July 26, 2013.  First Bronx LLC sought bankruptcy protection
(Bankr. S.D.N.Y. Case NO. 14-22047) on Jan. 13, 2014.  Ollie Allen
Holding Company LLC sought bankruptcy (Case NO. 14-22204) on Feb.
18, 2014.

U.S. Trustee was unable to form an official unsecured creditors'
committee.


AC I INV: Wants to Hire Robinson Brog as Bankruptcy Counsel
-----------------------------------------------------------
AC I Inv Manahawkin LLC, et al., ask the Bankruptcy Court for
permission to employ Robinson Brog Leinwand Greene Genovese &
Gluck P.C., as counsel effective as of June 4, 2014.

Robinson Brog will provide legal services and assist the Debtors
in carrying out their duties as debtors in possession.

To the best of the Debtors' knowledge, Robinson Brog is a
"disinterested person" as that term is defined Section 101(14) of
the Bankruptcy Code.

The firm can be reached at:

         A. Mitchell Greene, Esq.
         ROBINSON BROG LEINWAND GREENE GENOVESE & GLUCK P.C.
         875 Third Avenue
         New York, NY 10022

                  About AC I Inv Manahawkin LLC

AC I Inv Manahawkin LLC, AC I Manahawkin Mezz LLC and AC I
Manahawkin LLC filed separate Chapter 11 bankruptcy petitions
(Bankr. S.D.N.Y. Case Nos. 14-22791, 14-22792 and 14-22793) on
June 4, 2014.  The petitions were signed by David Goldwasser, of
GC Realty Advisors LLC, managing member.  The Debtors estimated
assets of $50 million to $100 million and debts of $0 to $50
million.  Robinson Brog Leinwand Greene Genovese & Gluck, P.C.,
serves as the Debtors' counsel.  Judge Robert D. Drain presides
over the cases.

Affiliates of AC I Inv., et al., have pending bankruptcy cases
before Judge Drain.  NY Affordable Housing Albany Assocs. LLC
sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 13-20007)
on July 26, 2013.  First Bronx LLC sought bankruptcy protection
(Bankr. S.D.N.Y. Case NO. 14-22047) on Jan. 13, 2014.  Ollie Allen
Holding Company LLC sought bankruptcy (Case NO. 14-22204) on Feb.
18, 2014.

U.S. Trustee was unable to form an official unsecured creditors'
committee.


AIRTRONIC USA: CEO Fails to Dismiss Suit by Failed Merger Partner
-----------------------------------------------------------------
Merriellyn Kett Murphy, the sole shareholder, CEO, President and
Chairman of the Board of Directors of Airtronic USA Inc., will
have to face claims asserted by Global Digital Solutions, Inc.
over a failed merger deal, after a Florida judge denied Kett's
request to dismiss GDSI's lawsuit.

Kett filed an amended motion to dismiss GDSI's amended complaint
for lack of personal jurisdiction, or alternatively, for transfer
of the case to the U.S. District Court for the Northern District
of Illinois pursuant to 28 U.S.C. Sec. 1404, and further motion to
dismiss the tortious interference, fraudulent concealment and
civil conspiracy claims for failure to state a claim on which
relief may be granted.

District Judge Daniel T.K. Hurley for the Southern District of
Florida tossed Kett's requests.

Airtronic USA Inc., a bankrupt Illinois corporation, manufactures
small arms and supplies weapons to the United States military and
occasionally to private federal agency customers.

GDSI is a New Jersey corporation with principal place of business
in West Palm Beach, Palm Beach County, Florida, engaged in the
acquisition of small arms manufacturers and related companies.

In March 2012, unsecured creditors forced Airtronic into an
involuntary bankruptcy under Chapter 7 proceedings initiated in
the U.S. Bankruptcy Court in the Northern District of Illinois.
After the Bankruptcy Court converted the case into a Chapter 11
proceeding, Kett began negotiating with GDSI to acquire the
financial assistance needed for Airtronic to emerge from
bankruptcy.

In August 2012, GDSI entered into a letter of intent with Kett as
CEO and sole shareholder of Airtronic, agreeing to provide
financial assistance in exchange for an equity stake in Airtronic.
In October 2012, GDSI and Airtronic entered into a Merger
Agreement entitling GDSI to acquire 70% of Airtronic in exchange
for cash, common stock and other consideration.  The pending
merger was scheduled to close on November 18, 2013, and required
to close before December 2, 2013 per order of the bankruptcy court
confirming the reorganization plan.

During the course of merger negotiations, Kett represented to GDSI
that Airtronic needed additional funds as working capital in order
to continue operations through the closing date outlined in the
pending Merger Agreement. Relying on Kett's affirmations of
commitment to the merger, in January 2013, GDSI began a series of
wire transfers to Airtronic from its Florida bank account,
ultimately loaning Airtronic a total of $1,406,173.58 in bridge
loans over an extended period of time. A portion of this funding
went directly to pay Kett's personal salary.

On November 15, 2013, Airtronic announced, through counsel that it
did not intent to proceed with the GDSI merger. On December, 2,
2013, Airtronic reverted back to the status of Debtor in
Possession under Chapter 11 due to its failure to execute the
Merger Agreement and complete the Amended Plan of Reorganization
within 60 days of its confirmation by the bankruptcy court.

GDSI said Kett never intended to close the GDSI/Airtronic merger,
but instead simply worked to exploit GDSI and its principals as a
means of securing $1.5 million in interim financial support to
fund her own personal salary and other benefits during the
pendency of Airtronic bankruptcy reorganization proceedings, while
she simultaneously searched for another more lucrative partner.
Ultimately, Kett entered into a separate merger agreement on
behalf of Airtronic with Kearney Park Investments, LLC and Onset
Capital Partners.

GDSI filed the lawsuit against Kett individually for tortious
interference with contract and advantageous business relationship
(interference with the Airtronic/GDSI Merger Agreement) fraudulent
inducement to contract (inducing GDSI to loan money based on false
representations regarding Airtronic's intent to proceed with the
merger), fraudulent concealment (failing to advise GDSI of her
ongoing discussions with other prospective merger partners) and
civil conspiracy.

The case is, GLOBAL DIGITAL SOLUTIONS, INC., Plaintiff, v.
MERRIELLYN KETT MURPHY, Defendant, Case No. 14-80190-CIV-HURLEY
(S.D. Fla.).  A copy of the Court's Oct. 9 Opinion and Order is
available at http://is.gd/9JMjcwfrom Leagle.com.

Merriellyn Kett Murphy is represented by Troy Sphar, Esq., at
Swanson, Martin & Bell, LLP; and Steven M. De Falco, Esq., at
Meuers Law Firm.


ALCO STORES: Discount Chain Files Ch. 11 to Liquidate or Sell
-------------------------------------------------------------
Alco Stores, Inc., which has 198 discount stores, has sought
bankruptcy protection with plans to let Tiger Capital Group, LLC,
SB Capital Group, LLC, and Great American Group WF, LLC, conduct
store closing sales, absent higher and better offers from other
liquidators, and going concern buyers.

"The lingering economic slowdown has caused disruptions and
significant volatility in financial markets, increased rates of
mortgage loan default and personal bankruptcy, and declining
consumer and business confidence, which has led to decreased
customer traffic and reduced levels of consumer spending,
particularly on discretionary items.  These economic conditions
have negatively impacted the Company's customers, many of whom are
on a fixed or low income, which has in turn negatively affected
sales in the discount retail industry," Stanley B. Latacha,
interim CEO, said in a court filing.

Prepetition lender Wells Fargo Bank, National Association, has
agreed to provide financing for the Chapter 11 effort.

                           Assets & Debt

As of July 2014, the Company had assets totaling $222 million and
liabilities totaling $162 million.  The bulk of the liabilities
was total debt outstanding under a credit facility with Wells
Fargo Bank, National Association, of which the aggregate
outstanding was $104.2 million as of the Petition Date.  The rest
of debt is on account of capital lease obligations, which was
$15.6 million as of July 2014 and claims of vendors, service
providers, and landlords, which totaled $24 million as of
Sept. 15, 2014.

As of the Petition Date, the Company employed 3,000 people.  Of
these employees, approximately 300 are employed in the store
support centers (Abilene, Kansas and Coppell, Texas) and the
Abilene, Kansas distribution center and approximately 2,700 are
employed in the various store locations.

                        Sale or Liquidation

During the fiscal year ended Feb. 2, 2014, the Company generated
net sales from continuing operations of $474.1 million.  This
represents a decrease of 1.6% from $481.8 million in fiscal 2013.
Operating results from continuing operations decreased $26.4
million to a net operating loss of $24.5 million in fiscal year
2014 compared to net income of $1.9 million in fiscal year 2013.

During fiscal year 2014, the Company closed eight underperforming
stores and opened three new stores, and thus far in fiscal year
2015 the Company has closed an additional fourteen stores.

As a result of the decline in the Company's operating results in
the first two quarters of fiscal year 2015, coupled with continued
economic weakness in the markets in which the Company operates,
the Company recognized the critical need to delever its balance
sheet in order to avoid violating various loan covenants.

In September 2014, the Company engaged Houlihan Lokey Capital,
Inc. as financial advisor and investment banker.

The Debtors and their advisors began discussions with at least
four different experienced entities to serve as potential
liquidation agents for the Debtors in conducting store closing
sales of the merchandise, inventory, and owned furniture,
fixtures, and equipment at some or all of the Debtors' stores.
The Debtors, in consultation with their advisors, determined that
it was in the best interest of all parties to conduct a
competitive bidding and auction process to select the liquidation
agent with the highest or otherwise best offer for conducting the
store closing sales.  Accordingly, the Debtors seek approval of
their stalking horse agency agreement with a joint venture among
Tiger Capital Group, LLC, SB Capital Group, LLC, and Great
American Group WF, LLC (collectively, the "Stalking Horse
Liquidator") subject to higher and better offers.

In addition to the store closing sales, the Debtors, after careful
consideration and consultation with their advisors, also
determined that it was necessary to pursue a going concern sale or
other restructuring transaction with one or more potential
purchasers or other strategic partners with respect to the portion
of their assets and business.  Accordingly, the Debtors, together
with their advisors, contacted a number of potential purchasers or
strategic partners in connection with a potential sale or other
restructuring transaction.

Owing to these efforts, the Debtors contemplate a fulsome
marketing process on a dual track: (i) the Debtors will market the
liquidation of all of the Debtors' stores and seek higher
and otherwise better liquidation bids than the stalking horse bid,
and, at the same time, (ii) the Debtors will seek to market a
going concern transaction pursuant to Section 363 of the
Bankruptcy Code with financial and strategic buyers, many of whom
have already been contacted.  In the event that a potential
purchaser seeks to purchase certain of the Debtors' stores as part
of a going concern transaction, the Debtors have preserved the
optionality of pursuing such a going concern transaction (perhaps
in conjunction with a liquidation transaction on stores that may
have to be closed).

                       First Day Motions

The Debtors have filed or about to file these motions and
applications to, among other things:

   -- jointly administer their Chapter 11 cases;

   -- extend the time to file their schedules of assets and
liabilities and statements of financial affairs to the date that
is 40 days after the Petition Date;

   -- maintain their existing insurance policies;

   -- prohibit utilities from discontinuing service and provide
adequate assurance of payment through a cash deposit totaling
$700,000;

   -- maintain their existing cash management system;

   -- pay approximately $2.1 million in employee wages,
commissions, and salaries that have accrued, but remain unpaid;

   -- pay prepetition taxes totaling $5.3 million;

   -- honor their prepetition customer programs;

   -- pay prepetition claims of shippers and warehousemen, which
have claims totaling approximately $1,100,000 as of the Petition
Date;

   -- pay prepetition claims of critical vendor Associated
Wholesale Grocer, which accounted for 26% of the Company's total
purchases in fiscal year 2014;

   -- obtain postpetition financing and use cash collateral; and

   -- launch a comprehensive sale process.

The Debtors say the First Day Pleadings have been designed to meet
the goals of (a) continuing their operations in chapter 11 with as
little disruption and loss of productivity as possible, while
ensuring preservation of value for the estates, (b) maintaining
the confidence and support of their employees, customers, vendors,
suppliers and service providers during the Debtors' reorganization
process, and (c) establishing procedures for the smooth and
efficient administration of the chapter 11 cases.

                       About Alco Stores

Alco Stores, Inc., operates 198 stores in 23 states throughout the
central United States.  Alco offers 35,000 items at its stores,
which are located at smaller markets usually not served by other
regional or national broad line retail chains.  The company was
founded in 1901 as a general merchandising operation in Abilene,
Kansas.

Alco is a public company, and its common stock is quoted on the
NASDAQ National Market tier of the NASDAQ Stock Market under the
ticker symbol "ALCS."

Alco Stores and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. N.D. Tex. Lead Case No. 14-34941) in Dallas,
Texas, on Oct. 12, 2014.  Judge Stacey G. Jernigan presides over
the Chapter 11 cases.

The Debtors have hired DLA Piper LLP US as counsel and Prime Clerk
LLC as claims and noticing agent.


ALCO STORES: Wants Until Nov. 21 to File Schedules
--------------------------------------------------
ALCO Stores Inc., et al., are asking the Bankruptcy Court to
extend until Nov. 21, 2014, the deadline to file their schedules
of assets and liabilities and statement of financial affairs.

Vincent P. Slusher, Esq., at DLA Piper LLP (US), avers that
"cause" exists for an extension of the deadline to the date that
is 40 days after the Petition Date given the substantial burdens
already imposed on the Debtors' management by the commencement of
the chapter 11 cases, the limited number of employees available to
collect the information, the competing demands upon such
employees, and the time and attention the Debtors must devote to
the restructuring process.

                       About ALCO Stores

ALCO Stores, Inc., operates 198 stores in 23 states throughout the
central United States.  Alco offers 35,000 items at its stores,
which are located at smaller markets usually not served by other
regional or national broad line retail chains.  The company was
founded in 1901 as a general merchandising operation in Abilene,
Kansas.

ALCO is a public company, and its common stock is quoted on the
NASDAQ National Market tier of the NASDAQ Stock Market under the
ticker symbol "ALCS."

ALCO Stores and ALCO Holdings LLC sought Chapter 11 bankruptcy
protection (Bankr. N.D. Tex. Lead Case No. 14-34941) in Dallas,
Texas, on Oct. 12, 2014, with plans to let liquidators conduct
store closing sales or sell the business to a going-concern buyer.

Judge Stacey G. Jernigan presides over the Chapter 11 cases.

The Debtors have DLA Piper LLP (US) as counsel, Houlihan Lokey
Capital, Inc., as financial advisor, and Prime Clerk LLC as claims
and noticing agent.

As of July 2014, ALCO Stores had assets totaling $222 million and
liabilities totaling $162 million.  The bulk of the liabilities
was total debt outstanding under a credit facility with Wells
Fargo Bank, National Association, of which the aggregate
outstanding was $104.2 million as of the Petition Date.


ALCO STORES: Proposes DIP Financing From Wells Fargo
----------------------------------------------------
To facilitate adequate funding of debtors ALCO Stores Inc., et
al.'s operations during the Chapter 11 cases, prepetition lender
Wells Fargo Bank, National Association, has agreed, subject to
Bankruptcy Court approval, to provide the Debtors with:

    (i) a senior secured revolving credit facility in an aggregate
principal amount not to exceed $110,000,000 and

   (ii) a senior secured term loan in the original principal
amount of $12,675,000.

Stanley B. Latacha, interim CEO, said in a court filing that the
financing will be used to (a) repay certain prepetition
obligations; (b) fund the Chapter 11 cases in accordance with an
approved budget; (c) make certain other payments on the closing
date; and (d) provide working capital for the Debtors during the
pendency of the Chapter 11 Cases.

Vincent P. Slusher, Esq., at DLA Piper LLP (US), avers that the
DIP financing from Wells Fargo represents the best terms for
debtor in possession financing the Debtors were able to arrange
following arm's-length negotiations and a thorough market process
to third party financiers undertaken by Houlihan Lokey.  The
liquidity provided by the DIP Financing will allow the Debtors to
continue to operate their business as well as provide for a roll
up of the existing borrowings under the prepetition credit
facility.

The Debtors have outstanding secured debt to various lenders
pursuant to a credit agreement dated as of May 30, 2014, with
Wells Fargo, as administrative agent and collateral agent.  As of
the Petition Date, the aggregate outstanding principal amount owed
by the Debtors was not less than $93,517,482, consisting of
revolving credit loans in the outstanding principal of
$76,092,482, a term loan in the outstanding principal of
$12,675,000, and a real estate term loan in the outstanding
principal amount of $4,750,000.

In the weeks leading to the filing of the Chapter 11 cases,
Houlihan Lokey contacted and held talks with potential third-party
lenders that are active in the debtor in possession financing
market to determine whether they would be interested in providing
the Debtors with alternative debtor in possession financing.
Despite these efforts, no third party-lender indicated that they
would be willing to provide postpetition financing to the Debtors
on more favorable terms than those provided by Wells Fargo.

Accordingly, the Debtors ask the Bankruptcy Court for interim and
final approval to access DIP financing and use cash collateral on
these terms:

   * Borrowers:           ALCO Stores and ALCO Holdings, LLC

   * Guarantor:           None

   * Admin. Agent,
     Collateral Agent
     and
     Swing Line Lender:   Wells Fargo

   * Term Loan Agent:     Wells Fargo

   * DIP Lenders:         Wells Fargo, CIT Bank and the banks and
                          other financial institutions or entities
                          from time to time parties to the DIP
                          Credit Agreement.

   * Maturity Date:       Oct. 12, 2015 (or earlier upon
                          confirmation of plan of reorganization
                          or sale of substantially all assets)

   * Interest Rate:       Base Rate Loans: Base Rate plus the
                          Applicable Margin (1.5 percent per
                          annum).

                          LIBO Rate Loans: Adjusted LIBO Rate plus
                          the Applicable Margin (2.5 percent per
                          annum).

                          Alternative Term Loan: A per annum rate
                          equal to the sum of (a) the greater of
                          (i) the Base Rate in effect at such time
                          and (ii) 2 percent plus (b) 7 percent.

                          Term Loan: A per annum rate equal to (a)
                          the sum of (i) the greater of (A) LIBO
                          Rate and (B) 1 percent plus 8 percent,
                          or (b) if the LIBO Rate is not available
                          at such time for any reason, the
                          Alternative Term Loan Interest Rate.

   * Interest Rate:       Base Rate Loans: Base Rate plus the

   * Default
     Interest Rate:       For the Base Rate Loan, Base Rate rate
                          plus the Applicable Margin (1.5 percent
                          per annum), plus 2 percent per annum;
                          For the LIBO Rate Loans, then-applicable
                          rate, including the Applicable Margin
                          (2.5 percent per annum), plus 2 percent
                          per annum; for the Term Loan, then-
                          applicable Term Loan Interest Rate plus
                          2 percent per annum.

   * Borrowing Limits:    Total aggregate revolving loan
                          commitment of $110,000,000; and total
                          aggregate term loan commitment of
                          $12,675,000.

   * Letters of Credit:   The L/C Issuer (Wells Fargo) agrees to
                          (i) issue letters of credit for the
                          account of any Borrower, and to amend or
                          extend Letters of Credit previously
                          issued by it, and (ii) honor drawings
                          under the Letters of Credit.  The
                          Revolving Lenders severally agree to
                          participate in Letters of Credit issued
                          for the account of any Borrower and any
                          drawings thereunder.  The Outstanding
                          Amount of the L/C Obligations will not
                          exceed the Letter of Credit Sublimit
                          (which is $11,000,000).

   * Commitment Fee:      0.375 percent times the average daily
                          amount by which the Aggregate Revolving
                          Commitments exceed the Total Revolving
                          Outstandings (other than Swing Line
                          Loans).

   * L/C Fees:            2.25 percent times the daily Stated
                          Amount under each Letter of Credit.

   * Liens and
     Priorities:          After the entry of the Interim Order,
                          the DIP obligations will constitute
                          allowed administrative expense claims
                          having priority over all administrative
                          expense claims (other than the carve-out
                          for professional fees) and unsecured
                          claims now existing or hereafter
                          arising, of any kind whatsoever.

   * Adequate
     Protection
     Payments:            The prepetition secured parties are
                          entitled to adequate protection of their
                          interests in their respective
                          prepetition collateral, including the
                          cash collateral in the form of adequate
                          protection payments, replacement and
                          additional security interests, and
                          superpriority claims.

   * Milestones:          The affirmative covenants require the
                          Debtors to:

                          (a) On the Petition Date, file a motion
                          requesting approval of bidding
                          procedures and the stalking horse bid of
                          Tiger Capital Group, LLC, SB Capital
                          Group, LLC, and Great American Group WF,
                          LLC, (ii) a motion to consummate the
                          sale and, if applicable, authorizing the
                          conduct of "going out of business"
                          sales;

                          (b) On or before Oct. 24, 2014, obtain
                          order approving the bidding procedures;

                          (c) On or before Nov. 17, 2014, receive
                          qualifying bids;

                          (d) To the extent any qualifying bids
                          are received, on or before Nov. 19,
                          2014, complete an auction of
                          substantially all of the assets;

                          (e) On or before Nov. 21, 2014, obtain
                          an order approving the sale;

                          (f) On or before Nov. 22, 2014, close on
                          the sale of the assets;

                          (g) In the event that the sale approved
                          does not provide for the sale of the
                          Debtors' owned Real Property and
                          Intellectual Property, then (i) on or
                          before Nov. 28, 2014, enter into one or
                          more stalking horse agreements for the
                          purchase of such assets on terms
                          satisfactory to the Agents, (ii) on or
                          before Dec. 1, 2014, file motions
                          requesting (x) approval of approving
                          bidding procedures relating to such
                          sales, and (y) an order from the
                          Bankruptcy Court pursuant to Section 363
                          of the Bankruptcy Code authorizing the
                          to consummate such sales, (iii) to the
                          extent that any qualifying bids for such
                          assets are received in accordance with
                          the bidding procedures approved by the
                          Bankruptcy Court, then, on or before
                          Dec. 18, 2014, complete one or more
                          auctions with respect to such sales, and
                          (iv) on or before Dec. 19, 2014,
                          consummate such sales on terms
                          satisfactory to the Agents.

                       About ALCO Stores

ALCO Stores, Inc., operates 198 stores in 23 states throughout the
central United States.  Alco offers 35,000 items at its stores,
which are located at smaller markets usually not served by other
regional or national broad line retail chains.  The company was
founded in 1901 as a general merchandising operation in Abilene,
Kansas.

ALCO is a public company, and its common stock is quoted on the
NASDAQ National Market tier of the NASDAQ Stock Market under the
ticker symbol "ALCS."

ALCO Stores and ALCO Holdings LLC sought Chapter 11 bankruptcy
protection (Bankr. N.D. Tex. Lead Case No. 14-34941) in Dallas,
Texas, on Oct. 12, 2014, with plans to let liquidators conduct
store closing sales or sell the business to a going-concern buyer.

Judge Stacey G. Jernigan presides over the Chapter 11 cases.

The Debtors have DLA Piper LLP (US) as counsel, Houlihan Lokey
Capital, Inc., as financial advisor, and Prime Clerk LLC as claims
and noticing agent.

As of July 2014, ALCO Stores had assets totaling $222 million and
liabilities totaling $162 million.  The bulk of the liabilities
was total debt outstanding under a credit facility with Wells
Fargo Bank, National Association, of which the aggregate
outstanding was $104.2 million as of the Petition Date.


ALVARION LTD: Creditors' Plan of Settlement Nullified
-----------------------------------------------------
Alvarion(R) Ltd. (in receivership and liquidation) on Oct. 13
disclosed that Yoav Kfir, CPA, Alvarion's court-appointed receiver
and special manager, informed the District Court of
Tel Aviv ? Yaffo that the Creditors' Plan of Settlement which was
approved by the Court in March 2014 is nullified.  Certain
conditions which were prerequisite to the execution of the plan
were not met resulting the nullification of the plan.

The Company's assets were sold for no less than NIS38 million.
Under the terms of the creditors' plan, the Company's creditors
were to receive NIS6.25 million of the proceeds from the sale of
the Company's assets as stipulated in the asset sale agreement and
be issued Company shares constituting 15% of the Company's share
capital.  The cash component was collected and the Receiver
continues to collect payments from the sale proceeds.  In
addition, the Receiver is reviewing different alternatives to
maximize the value of the Company and will update accordingly.

Debt claims are currently being examined.  Once the examination
process ends, the Receiver will notify the creditors' of his debt
decision after which creditors will have 45 days to appeal these
decisions.  The dividend amounts and date of payment will be
announced after the Court approves the Receiver's debt decisions.

                          About Alvarion

With headquarters in Tel Aviv, Israel, Alvarion Ltd. provides
optimized wireless broadband solutions addressing the
connectivity, coverage and capacity challenges of telecom
operators, smart cities, security, and enterprise customers.

The Company reported a net loss of $55.9 million on $49.9 million
of revenue in 2012, compared with a net loss of $33.8 million on
$69.5 million of revenue in 2011.

In July 2013, Alvarion said it has agreed to the appointment of a
receiver and won't contest an attempt by Silicon Valley Bank to
secure a winding up order from theDistrict Court of Tel-Aviv -
Yaffo.

Mr. Yoav Kfir, CPA, has been named as the company's receiver.

The District Court of Tel Aviv -- Yaffo's on July 21, 2013,
approved an operating plan to allow the normal business operation
of the company.


AMERICAN AIRLINES: FTC Wins Claim Transfer Dispute With JPMorgan
----------------------------------------------------------------
Magistrate Judge Robert E. Wier in Lexington, Kentucky, sided with
First Technology Capital, Inc., in a contract dispute with
JPMorgan Chase Bank, N.A.

"Chase cites many wounds from its dealings with FTC, but, legally
at least, those largely are self-inflicted; Chase has no remedy in
this case, and FTC and Bates are entitled to judgment as a matter
of law," the judge ruled.

FTC negotiated a sale to JPMorgan of its $22,886,139 allowed claim
in the American Airlines, Inc. bankruptcy case for 35.75% on the
dollar.  JPMorgan, in turn, negotiated a deal to sell the
$17,886,139 portion of the claim downstream to GoldenTree and the
remaining $5,000,000 downstream to MatlinPatterson.

The deal between FTC and JPMorgan unraveled after Dougherty Air
came into the picture to assert an economic interest in the claim.

FTC and Dougherty Air ultimately sold the Claim to Citigroup
Financial in March 2013 for a significantly higher figure.

FTC's $22.8 million claim stemmed from American's aircraft lease.
In September 2010, FTC executed a Term Promissory Note with
Tennessee Commerce Bank for $10.47 million to purchase 100% of the
beneficial interest in Dougherty Air XVIII Investment Trust.
Dougherty Air administered the Trust as owner trustee. The Trust
owned (or contemporaneously acquired) a 1999 McDonnell Douglas MD-
83 (DC-9-83), tail number N973TW. The Trust leased the MD-83 to
American through a long-term lease. FTC acquired a beneficial
interest in the Trust and a right to (at least most portions of)
future lease payments. As part of the Promissory Note and
financing terms, FTC assigned TCB a 100% security interest in
FTC's assets, to include its beneficial interest in the Trust and
any ensuing proceeds.

American suspended lease payments on November 29, 2011, after
filing for Chapter 11 bankruptcy.  In January 2012, American
Airlines renegotiated the terms of the lease.  The The term sheet
to which the parties agreed awarded the "Lessor" a "separate and
distinct stipulated, allowed general unsecured non-priority pre-
petition claim" against American in the amount of $22,886,139.
The parties do not dispute that, around this same time, the
Federal Deposit Insurance Corporation took over TCB and acquired
its assets.  Thus, as receiver of the bank, the FDIC acquired
FTC's loans (including the loan related to the MD-83) and became
the lienholder on FTC's assets.

FTC sued JPMorgan in state court for declaratory judgment on the
contract claim.  JPMorgan removed the case to federal district
court in Lexington and asserted contract, fraud, and unjust
enrichment counterclaims against FTC and, on the latter counts,
individually, against James L. Bates, the President of FTC.

The case is, FIRST TECHNOLOGY CAPITAL, INC., Plaintiff/
Counterclaim Defendant, v. JPMORGAN CHASE BANK, N.A.,
Defendant/Counterclaimant, v. JAMES L. BATES, Counterclaim
Defendant, NO. 5:12-CV-289-REW (E.D. Ky.).  A copy of the Court's
October 9, 2014 Memorandum and Order is available at
http://is.gd/IMM9OUfrom Leagle.com.

James L. Bates, Counter Defendant, is represented by Andrew M.
Stephens, Esq., Michael Joseph Gartland, Esq., and J. Wesley
Harned, Esq., at DelCotto Law Group PLLC.

                     About American Airlines

AMR Corp. and its subsidiaries including American Airlines filed
for bankruptcy protection (Bankr. S.D.N.Y. Lead Case No. 11-15463)
in Manhattan on Nov. 29, 2011, after failing to secure cost-
cutting labor agreements.  AMR, previously the world's largest
airline prior to mergers by other airlines, is the last of the so-
called U.S. legacy airlines to seek court protection from
creditors.  It was the third largest airline in the United States
at the time of the bankruptcy filing.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtors.  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, are on board as special counsel.  Rothschild
Inc., is the financial advisor.  Garden City Group Inc. is the
claims and notice agent.

Jack Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and
Jay Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
serve as counsel to the Official Committee of Unsecured Creditors
in AMR's chapter 11 proceedings.  Togut, Segal & Segal LLP is the
co-counsel for conflicts and other matters; Moelis & Company LLC
is the investment banker, and Mesirow Financial Consulting, LLC,
is the financial advisor.

The Retiree Committee is represented by Jenner & Block LLP's
Catherine L. Steege, Esq., Charles B. Sklarsky, Esq., and Marc B.
Hankin, Esq.

AMR and US Airways Group, Inc., on Feb. 14, 2013, announced a
definitive merger agreement under which the companies will combine
to create a premier global carrier, which will have an implied
combined equity value of approximately $11 billion.

The bankruptcy judge on Sept. 12, 2013, confirmed AMR Corp.'s plan
to exit bankruptcy through a merger with US Airways.  By
distributing stock in the merged airlines, the plan is designed to
pay all creditors in full, with interest.

Judge Sean Lane confirmed the Plan despite the lawsuit filed by
the U.S. Department of Justice and several states' attorney
general complaining that the merger violates antitrust laws.

In November 2013, AMR and the U.S. Justice Department a settlement
of the anti-trust suit.  The settlements require the airlines to
shed 104 slots at Reagan National Airport in Washington and 34 at
LaGuardia Airport in New York.

AMR stepped out of Chapter 11 protection after its $17 billion
merger with US Airways was formally completed on Dec. 9, 2013.

                          *     *     *

The Troubled Company Reporter, on Sep. 2, 2014, reported that
Standard & Poor's Ratings Services revised its rating outlooks on
American Airlines Group Inc. (AAG) and its subsidiaries American
Airlines Inc. and US Airways Inc. to positive from stable.  At the
same time, S&P affirmed its ratings on the companies, including
the 'B' corporate credit ratings.

The TCR, on Sept. 22, 2014, reported that Standard & Poor's
Ratings Services assigned its 'A (sf)' issue rating to American
Airlines Inc.'s series 2014-1 class A pass-through certificates,
which have an expected maturity of Oct. 1, 2026.  At the same
time, S&P assigned its 'BBB- (sf)' issue rating to the company's
series 2014-1 class B pass-through certificates, which have an
expected maturity of Oct. 1, 2022.  The final legal maturity dates
will be 18 months after the expected maturity dates. American
Airlines is issuing the certificates under a Rule 415 shelf
registration.

The TCR, on the same day, reported that Moody's Investors Service
assigned a B3 (LGD5) rating to the $500 million of new five year
unsecured notes that American Airlines Group Inc. ("AAG") offered
for sale earlier. Its subsidiaries, American Airlines, Inc.
("AA"), US Airways Group, Inc. and US Airways, Inc. will guarantee
AAG's payment obligations under the indenture on a joint and
several basis. Moody's Corporate Family rating of AAG is B1 with a
stable outlook.

The TCR also reported that Fitch Ratings has assigned a rating of
'B+/RR4' to the $500 million unsecured notes to be issued by
American Airlines Group Inc. The Issuer Default Ratings (IDR) for
American Airlines Group Inc., American Airlines, Inc., US Airways
Group, Inc., and US Airways, Inc. remain unchanged at 'B+' with a
Stable Outlook.


ARCHDIOCESE OF ST. PAUL-MINNEAPOLIS: Outline Protection Protocols
-----------------------------------------------------------------
Tom Corrigan, writing for Daily Bankruptcy Review, reported that
the the Archdiocese of St. Paul-Minneapolis and the Diocese of
Winona, Minn., announced the settlement of a child sexual abuse
lawsuit that also laid out wide-ranging protocols aimed at
requiring greater disclosure and ensuring a safe environment for
children.  According to the report, Jeff Anderson, an attorney who
represents the man who filed the lawsuit, joined other alleged
abuse survivors and church officials in St. Paul, Minn., to
announce 17 child protection protocols that the church has agreed
to implement.


ARIZONA COYOTES: Philadelphia Investor Buys Team
------------------------------------------------
The Daily Bankruptcy Review, citing Agence France-Presse, reported
that the Arizona Coyotes will have a new owner after Andrew
Barroway, a Philadelphia investment firm manager, struck a deal to
buy a majority interest in the National Hockey League team.
According to the report, IceArizona, which bought the once-
bankrupt club from the NHL in August of last year, announced early
Saturday it was selling 51% of the team to Mr. Barroway and
retaining a minority stake.


ATLAS PIPELINE: S&P Puts 'B+' CCR on CreditWatch Positive
---------------------------------------------------------
Standard & Poor's Ratings Services placed the 'B+' corporate
credit and senior unsecured ratings on Atlas Pipeline Partners
L.P. on CreditWatch with positive implications.  S&P also revised
the CreditWatch listing on the 'B' corporate credit and senior
secured ratings on Atlas Energy L.P. to developing from negative.
At the same time, S&P placed its 'BB+' corporate credit and senior
unsecured debt ratings on Targa Resources Partners L.P. (Targa) on
CreditWatch with positive implications.

"The positive CreditWatch on Atlas Pipeline and its unsecured debt
reflects our expectation that we will raise the ratings in line
with those of Targa," said Standard & Poor's credit analyst Nora
Pickens.  "Atlas Pipeline will be integrated with Targa's
operations, with Targa assuming Atlas Pipeline's adjusted debt of
about $1.8 billion," said Ms. Pickens.

The existence of material asset value at both Atlas Pipeline and
Targa to support their respective debt claims alleviates potential
structural subordination related concerns should Atlas and Targa
decide not to cross-guarantee each-others debt.  In S&P's view,
Atlas Pipeline's assets are located in favorable basins with
compelling drilling economics, characterized by high utilization
(about 93% to date in 2014) and strong gathering and processing
volumes across the firm's operating footprint.  The partnership
continues to grow rapidly in tandem with robust production
forecasts and S&P expects 2014 gathering volumes to be nearly
three times greater than those of 2011.  Despite favorable
drilling fundamentals, a slower-than-anticipated build-out of
assets, meaningful amounts of ethane rejection, and the need to
offload gathering volumes to third parties have contributed to
compressed margins and lower cash flow.  However, S&P believes
this will partially abate in 2015.

The positive CreditWatch on Targa reflects S&P's expectations that
it could raise ratings to 'BBB-' once we become sufficiently
confident that the proposed merger will close.  The merged entity
benefits from increased scale and diversity and is expected to
have moderate leverage, with pro forma debt to EBITDA of about
3.9x in 2015, before declining to 3.5x in 2016.

In S&P's view, the transaction complements Targa's core
competencies in the gathering and processing business, enhances
its asset position in the Permian Basin, and expands its operating
footprint to attractive regions such as the Anadarko Basin and
Eagle Ford Shale.  Pro forma for the transaction, S&P expects fee-
based arrangements to represent about 60% of the partnership's
operating margins and that Targa will continue to manage its
commodity risk in a disciplined manner.

S&P expects to resolve the CreditWatch listings on Targa, Atlas
Pipeline, and Atlas Energy once S&P has better insight into the
transaction's timing and final terms.  S&P anticipates that if it
raises the corporate credit rating on Targa, S&P would limit it to
one notch.


BANK OF THE CAROLINAS: Files Second Amendment to FY 2013 Report
---------------------------------------------------------------
Bank of the Carolinas Corporation filed with the U.S. Securities
and Exchange Commission on Oct. 10, 2014, a second amendment to
its annual report on Form 10-K for the fiscal year ended Dec. 31,
2013.

Turlington and Company, L.L.P., expressed substantial doubt about
the Company's ability to continue as a going concern, citing that
the Company has suffered recurring credit losses that have eroded
certain regulatory capital ratios.  As of Dec. 31, 2013, the
Company is considered undercapitalized based on their regulatory
capital level.

The Company reported a net loss of $1.35 million on $15.21 million
of total interest income for the year ended Dec. 31, 2013,
compared with a net loss of $4.58 million on $17.05 million of
total interest income in 2012.

The Company's balance sheet at Dec. 31, 2013, showed $423.65
million in total assets, $421.9 million in total liabilities and
total stockholders' equity of $1.75 million.

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

                       http://is.gd/HsI2M3

                   About Bank of the Carolinas

Mocksville, North Carolina-based Bank of the Carolinas Corporation
was formed in 2006 to serve as a holding company for Bank of the
Carolinas.  The Bank's primary market area is in the Piedmont
region of North Carolina.

Turlington and Company, LLP, in Lexington, North Carolina, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has suffered recurring credit
losses that have eroded certain regulatory capital ratios.  As of
Dec. 31, 2013, the Company is considered undercapitalized based on
their regulatory capital level.  This raises substantial doubt
about the Company's ability to continue as a going concern.

The Company reported a net loss available to common stockholders
of $2.33 million in 2013, a net loss available to common
stockholders of $5.53 million in 2012 and a net loss available to
common stockholders of $29.18 million in 2011.

As of June 30, 2014, the Company had $427.82 million in total
assets, $423.04 million in total liabilities and $4.77 million in
total stockholders' equity.


BARISTAS COFFEE: Posts $128K Net Loss for Second Quarter
--------------------------------------------------------
Baristas Coffee Company Inc. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing
a net loss of $128,915 on $297,054 of revenues for the three
months ended June 30, 2014, compared to a net loss of $426,914 on
$428,726 of revenues for the same period in 2013.

The Company's balance sheet at June 30, 2014, showed $3.67 million
in total assets, $1.29 million in total liabilities and total
stockholders' equity of $2.38 million.

As of June 30, 2014, the Company has a loss from operations of
$172,500 and an accumulated deficit of $3.83 million.  The Company
intends to fund operations through equity financing arrangements,
which may be insufficient to fund its capital expenditures,
working capital and other cash requirements for the year ending
Dec. 31, 2014.  These factors, among others, raise substantial
doubt about the Company's ability to continue as a going concern.

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

                       http://is.gd/MFFrjm

Barista Coffee Company, Inc., doing business as Baristas, operates
as a drive-through beverage retailer in the United States.  The
company offers hot and cold beverages, including specialty
coffees, blended teas, and other custom drinks, as well as
smoothies, fresh-baked pastries, and other confections.  It also
provides beverages, such as hot apple cider, hot chocolate, and
frozen coffees.  In addition, the company promotes and sells
Baristas merchandise, calendars, mugs, T-shirts, and hats.  It
owns and operates approximately 10 drive-through locations
primarily in the greater Seattle area.  Barista Coffee Company,
Inc. also sells its merchandise and other novelties through its
baristas.tv Website.  The company was formerly known as Innovative
Communications, Inc. and changed its name to Barista Coffee
Company, Inc. in May 2010.  Barista Coffee Company, Inc. was
founded in 1996 and is headquartered in Kent, Washington.


BAY AREA: Plan of Reorganization Declared Effective
---------------------------------------------------
Bay Area Financial Corp., notified the Bankruptcy Court that the
Effective Date of its First Amended Plan of Reorganization/
Liquidation occurred on Oct. 1, 2014.

The Bankruptcy Court entered on Sept. 12, an order confirming the
Debtor's Plan.

The Debtor filed on April 8, 2014, its proposed plan to exit
bankruptcy protection.  Under the plan, Class 1 consists of
secured tax claims, which are primarily claims for property taxes
on the various real estate parcels owned by the company.  A copy
of the Debtor's latest disclosure statement explaining its
proposed plan is available for free at http://is.gd/Cht1qs

The Court has entered a separate order stating that the Debtor is
not eligible for a discharge.

                   About Bay Area Financial

Bay Area Financial Corp., a consumer finance company, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D.
Cal. Case No. 13-38974) on Dec. 9, 2013.  The case is assigned to
Judge Thomas B. Donovan.

The Debtor is represented by Sandford L. Frey, Esq., and Stuart I.
Koenig, Esq., at Creim Macias Koenig & Frey LLP.

The Debtor disclosed $15,248,851 in assets and $21,239,663 in
liabilities as of the Chapter 11 filing.  There is no secured
debt, although $141,000 is owing on a priority tax claim.

Peter C. Anderson, the U.S. Trustee for Region 16, appointed five
members to the Official Committee of Unsecured Creditors.  The
Committee is represented by James C. Bastian, Jr., Esq., and
Melissa Davis Lowe, Esq., at Shulman Hodges & Bastian LLP.


BAY AREA: Wants to Sell Oxnard, CA Property for $1.7-Mil.
---------------------------------------------------------
Bay Area Financial Corporation asks the Bankruptcy Court to
authorize the sale of the real property of the estate described as
4145 Ocean, Oxnard, California.  The Debtor also wants to
establish overbid procedures for the sale of the property, and pay
a commission of 5% of the sale price to the agents for the Debtor
and the purchaser.

The Debtor has entered into a purchase agreement for the sale of
the property with Fair Home Buyers, LLC for $1,700,000.  The
agreement provides that upon close of the escrow, real estate
brokerage commissions in the amount of $85,000 or five percent of
the purchase price will be paid in full to the agent for the
Debtor, RE/Max Gold Coast Beach Office.

                   About Bay Area Financial

Bay Area Financial Corp., a consumer finance company, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D.
Cal. Case No. 13-38974) on Dec. 9, 2013.  The case is assigned to
Judge Thomas B. Donovan.

The Debtor is represented by Sandford L. Frey, Esq., and Stuart I.
Koenig, Esq., at Creim Macias Koenig & Frey LLP.

The Debtor disclosed $15,248,851 in assets and $21,239,663 in
liabilities as of the Chapter 11 filing.  There is no secured
debt, although $141,000 is owing on a priority tax claim.

Peter C. Anderson, the U.S. Trustee for Region 16, appointed five
members to the Official Committee of Unsecured Creditors.  The
Committee is represented by James C. Bastian, Jr., Esq., and
Melissa Davis Lowe, Esq., at Shulman Hodges & Bastian LLP.


BERNARD L. MADOFF: Solus & SPV Not Entitled to Refund
-----------------------------------------------------
Bankruptcy Judge Stuart M. Bernstein ruled that SPV Optimal SUS
Ltd. -- SPV -- and Solus Recovery Fund LP -- Solus -- are not
entitled to a refund under an Optimal Settlement with Irving H.
Picard, the trustee appointed under the Securities Investor
Protection Act for the the estate of Bernard L. Madoff Investment
Securities LLC.

Early in the BLMIS's SIPA case, Mr. Picard entered into a
settlement agreement with Optimal Strategic U.S. Equity Ltd. --
SUS -- and Optimal Arbitrage Ltd. -- Arbitrage -- under which they
paid the Trustee the aggregate sum of $233,750,000.  The Optimal
Settlement represented 85% of the amount of the preference claims
asserted against them by the Trustee. The Optimal Settlement
included an equal treatment provision, or most favored nations --
MFN -- clause, which required the Trustee to refund a portion of
the settlement payment if he entered into similar future
settlements with other defendants for a lower percentage of the
claimed amount.  SPV acquired SUS's rights and Solus acquired
Arbitrage's rights under the Optimal Settlement.

The Trustee subsequently settled avoidance claims he brought
against JPMorgan Chase & Co., JPMorgan Chase Bank, N.A., JPMorgan
Securities LLC, and JPMorgan Securities Ltd.  JPMorgan paid the
estate $325 million, or slightly more than 76% of the amounts
sought.

SPV and Solus, as applicants, now contend that the JPMorgan
Settlement triggered the MFN clause, and the SIPA Trustee owes
each a refund.

Finding the Optimal Settlement ambiguous on this point, the Court
conducted a trial on July 30, 2014, and concluded that the
Applicants are not entitled to the refunds they seek.

SUS and Arbitrage are Bahamian trading companies that maintained
accounts with BLMIS starting in the mid-1990s.  Although their
November 2008 account statements, the last statements generated by
BLMIS before Madoff's arrest, showed sizeable balances -- SUS and
Arbitrage held $2,919,934,627.70 and $14,567,639.02, respectively
-- the account statements were works of fiction, the balances
bloated by fictitious profits.

In truth, SUS was a net loser, having deposited $1,411,084,183
more than it had withdrawn from its BLMIS account.  In addition,
it had withdrawn $151,831,876 from its BLMIS account within 90
days of the BLMIS December 11, 2008 filing date.

Arbitrage, on the other hand, was a net winner. It had withdrawn
$96,516,185 more than it had deposited into its BLMIS account,
including $125,087,004 within the same 90-day period.

Based on these facts, the Trustee asserted that both entities were
liable to the estate for the withdrawals made within the 90-day
preference period under Bankruptcy Code Sections 547 and 550.  In
addition, the Trustee contended that Arbitrage had received
fraudulent transfers totaling $35,000,000 within six years of the
Filing Date.  SUS and Arbitrage denied liability, and contended
that as Bahamian entities, the Bankruptcy Court lacked
jurisdiction over them and any judgment rendered by the Bankruptcy
Court could not be enforced against them in the Bahamas.

A copy of Judge Bernstein's October 10, 2014 Post-Trial Findings
of Fact and Conclusions of Law is available at http://is.gd/zlAirC
from Leagle.com.

Solus Recovery Fund L.P. is represented in the case by:

     Gary Svirsky, Esq.
     Emily Chepiga, Esq.
     O'MELVENY & MYERS LLP
     Times Square Tower
     7 Times Square
     New York, NY 10036
     Tel: 212-326-4305
     Fax: 212-326-2061
     E-mail: gsvirsky@omm.com
             echepiga@omm.com

                     About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New York granted the application of the Securities Investor
Protection Corporation for a decree adjudicating that the
customers of BLMIS are in need of the protection afforded by the
Securities Investor Protection Act of 1970.  The District Court's
Protective Order (i) appointed Irving H. Picard, Esq., as trustee
for the liquidation of BLMIS, (ii) appointed Baker & Hostetler LLP
as his counsel, and (iii) removed the SIPA Liquidation proceeding
to the Bankruptcy Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789)
(Lifland, J.).  Mr. Picard has retained AlixPartners LLP as claims
agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport
Charitable Remainder Unitrust, Martin Rappaport, Marc Cherno, and
Steven Morganstern -- assert US$64 million in claims against Mr.
Madoff based on the balances contained in the last statements they
got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).

The Chapter 15 case was later transferred to Manhattan.  In June
2009, Judge Lifland approved the consolidation of the Madoff SIPA
proceedings and the bankruptcy case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to
150 years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims, with the fourth
and latest batch of distributions done in May 2014.  Distributions
to eligible claimants have totaled almost $6 billion, which
includes $812.2 million in committed advances from the SIPC.  More
than 1,100 victims have already recovered the full principal they
lost in the fraud.

As of May 2014, Mr. Picard has recovered or reached agreements to
recover $9.8 billion since his appointment in December 2008.


BROWNSVILLE MD: Bankruptcy Case Dismissed After Foreclosure
-----------------------------------------------------------
The Bankruptcy Court dismissed the Chapter 11 case of Brownsville
MD Ventures, LLC.

The Debtor asked the Bankruptcy Court to dismiss its case because
Pineda Grantor Trust II (or its alleged successor) has foreclosed
upon the Debtor's property.  The Debtor has turned over the cash
in the operating account to Pineda.

The Debtor added that there exists a continuing loss to or
diminution of the estate and the absence of a reasonable
likelihood of rehabilitation.

The Debtor noted that it is current on its payments to the U.S.
Trustee and will continue to comply with its obligations until an
order is entered dismissing the case.

                   About Brownsville MD Ventures

Brownsville MD Ventures, LLC, was formed in 2004 for the purpose
of acquiring real property and improvements in Brownsville, Texas.
The company leased the property to Brownsville Doctors Hospital,
LLC, which operated a hospital on the premises.  The tenant has
ceased operations, and the property has been vacant since August
2012.

Brownsville MD Ventures filed a Chapter 11 petition (Bankr. S.D.
Tex. Case No. 13-10341) on Aug. 26, 2013, in Brownsville, Texas.
Chester Gonzalez, the managing member and the chairman of the
board of managers, signed the bankruptcy petition.

The Debtor disclosed $24 million in assets and $14.7 million in
liabilities in its schedules.

The Debtor's property was appraised by Compass Bank in July 2011
with a fair market value in excess of $20,000,000.  Pineda Grantor
Trust II, as assignee of Compass Bank (which provided a loan to
finance the acquisition of the property), is the secured lender.

Kell Corrigan Mercer, Esq., at Husch Blackwell, LLP, in Austin,
Texas, serves as the Debtor's counsel.  The Debtor tapped The
Rentfro Law Firm PLLC as special counsel to provide legal advice
regarding business matters.

Judge Richard S. Schmidt presides over the case.


BRUSH CREEK AIRPORT: Community Banks of Colorado Seeks Stay Relief
------------------------------------------------------------------
Community Banks of Colorado asks the Bankruptcy Court for relief
from automatic stay in the Chapter 11 case of Brush Creek Airport
in order to resume state law foreclosure proceedings on 91
development lots located in the Buckhorn Ranch subdivision of
Crested Butte. The relief request is anchored on the fact that the
Debtor is a single assets real estate debtor and has not filed a
plan of reorganization that has a reasonable possibility of being
confirmed.  Moreover, the Debtor does not generate sufficient
revenues to make interest payments to the Bank and that the Debtor
has not demonstrated to generate sufficient funds.

Before the Debtor commenced a chapter 11 case, the Debtor and, a
related entity, Brookside Custom Homes obtained series of loan
from the Bank and from Ironwood. Subsequently, the Bank acquired
the loan from Ironwood through an assignment of loan documents
dated January 23, 2013.

As of the filing date, the Debtor's loan obligations were
$2,264,214.73 and the Debtor's real estate was encumbered by a
third-position lien of $2,834,232.86. The interest of the contract
rate totals approximately $15,000 per month.

The Debtor appraised the real property from October 2012 to the
tune of $5,060,000. But, the Bank in its independent appraisal
marketed the value at only $2,400,000 as of April 2014.

On July 3, 2014, the Debtor filed a plan and laid therein there
proposed terms in meeting the obligations but it did not file a
disclosure statement providing details on the anticipated lot
sales.  The Debtor also has not had any lot sales since April 10,
2014.

Community Banks of Colorado, a division of NBH Bank, is
represented by:

     Andrew W. Muller, Esq.
     STINSON LEONARD STREET LLP
     1201 Walnut Street, Suite 2900
     Kansas City, MO 64106
     Tel: (816) 691-3198
     Fax: (816) 412-8124
     E-mail: andrew.muller@stinsonleonard.com

                    About Brush Creek Airport

Brush Creek Airport, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Col. Case No. 14-14630) in Denver on April 10, 2014.
The Debtor has tapped Sender Wasserman Wadsworth, P.C., as
counsel.  It estimated assets of $10 million to $50 million and
debt of $1 million to $10 million.


CHRIST CHURCH APOSTOLIC: Case Summary & 2 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: Christ Church Apostolic, Inc.
        6601 Grandview Drive
        Indianapolis, IN 46260

Case No.: 14-09467

Chapter 11 Petition Date: October 13, 2014

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

Judge: Hon. Jeffrey J. Graham

Debtor's Counsel: John Forest Bymaster, Esq.
                  BYMASTER BANKRUPTCY LAW OFFICES
                  4435 E. Whitestown Parkway
                  Lebanon, IN 46052
                  Tel: 317-769-6533
                  Fax: 317-769-4545
                  Email: john@bymasterbankruptcy.com

Total Assets: $1.79 million

Total Liabilities: $3.70 million

The petition was signed by Cliff Paicely, chief financial officer.

A list of the Debtor's two largest unsecured creditors is
available for free at http://bankrupt.com/misc/insb14-09467.pdf


CLOUDEEVA INC: BAPL Says Balmer Employment Unnecessary
------------------------------------------------------
Bartronics Asia Pte. Ltd. objected to Cloudeeva, Inc., et al.'s
application to employ Karen Balmer, CPA, CFF, CFE, as a financial
advisor.

According to BAPL, the Debtors' application did not demonstrate
the necessity of hiring Karen Balmer, and even if the Court
determines that the retention is appropriate, the application must
only be approved if Balmer returns the postpetition retainer.

BAPL stated that Balmer was retained by the Debtors as an expert
in connection with the California arbitration proceedings.  As
disclosed in the accompanying certification of Karen Balmer, the
Debtors paid Balmer a postpetition retainer of $50,000.

                       About Cloudeeva, Inc.

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

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

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

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

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

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


CLOUDEEVA INC: BAPL Says Cole Schotz Should Return Retainer
-----------------------------------------------------------
Bartronics Asia Pte. Ltd., objected to Cloudeeva, Inc., et al.'s
application to employ Cole, Schotz, Meisel, Forman & Leonard, P.A.
as appellate counsel nunc pro tunc to Sept. 10, 2014.

BAPL said that the application must be denied unless Cole, Schotz
returns the postpetition retainer to the estates.

According to BAPL, as disclosed in the affidavit of Michael D.
Sirota, Esq., the Debtors paid Cole Schotz a retainer payment in
the amount of $70,628.  The postpetition retainer followed two
prior retainer payments of $100,000 and $22,424, made to Cole
Schotz on Aug. 26, 2014, and Sept. 8, 2014, respectively.

BAPL also said that the postpetition retainer was an unauthorized
transfer of property of the estate, paid on the same day that the
District Court granted a stay of the dismissal order that had the
effect of reinstating the Chapter 11 cases.

                       About Cloudeeva, Inc.

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

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

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

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

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

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


CLOUDEEVA INC: BAPL Drops Bid for Trustee, Still Pushes Dismissal
-----------------------------------------------------------------
Bartronics Asia Pte. Ltd. notified the Bankruptcy Court that it is
withdrawing the portion of the motion for entry of an order
directing the appointment of a Chapter 11 trustee in the cases of
Cloudeeva, Inc., et al.

BAPL noted though the motion is not withdrawn, and will continue
to be prosecuted, with respect to BAPL's request for entry of an
order dismissing the Debtors' cases.

As reported in the Troubled Company Reporter on Sept. 1, 2014,
BAPL filed a motion seeking appointment of a trustee in the cases
of the Debtors; or, in the alternative, dismissal of the cases.

BAPL told the Bankruptcy Court that Adesh Tyagi, a convicted
felon and the purported CEO and chairman of the Debtors, cannot be
trusted to act as a fiduciary of the Debtors and their estates
during the course of the cases.  In fact, Mr. Tyagi, who pled
guilty in 2012 to grand theft embezzlement, was facing the very
real risk of being forcibly removed from his position of control
when he caused the Chapter 11 petitions to be filed on the eve of
a hearing in the Superior Court of California on BAPL's motion to
appoint a receiver to take over the management of Cloudeeva
Delaware.

BAPL, majority shareholder of Cloudeeva Florida and a creditor of
Cloudeeva Delaware, said that it has determined that to provide
proper evidentiary support for the trustee motion, it is necessary
to cite to documents produced to BAPL in the California
Proceedings, a substantial portion of which were designated as
confidential by the Debtors.  The Debtors' counsel has agreed to
permit BAPL to utilize the California Documents in support of the
trustee motion, so long as the trustee motion and any attached
California Documents are filed under seal.  In this connection,
BAPL requests that the Court authorize the filing under seal of
those documents.

BAPL is represented by:

         Richard M. Meth, Esq.
         FOX ROTHSCHILD LLP
         75 Eisenhower Parkway, Suite 200
         Roseland, NJ 07068
         Tel: (973) 992-4800
         E-mail: rmeth@foxrothschild.com

         Daniel J. Saval, Esq.
         Mason C. Simpson, Esq.
         Shoshana B. Kaiser, Esq.
         BROWN RUDNICK LLP
         7 Times Square
         New York, NY 10036
         Tel: (212) 209-4800
         E-mails: dsaval@brownrudnick.com
                  msimpson@brownrudnick.com
                  skaiser@brownrudnick.com

                       About Cloudeeva, Inc.

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

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

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

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

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

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


COMMUNITY HOME: Ch. 11 Trustee Taps Spotts Fain as Special Counsel
------------------------------------------------------------------
Kristina M. Johnson, Chapter 11 trustee of the Estate of Community
Home Financial Services, Inc., sought permission from the U.S.
Bankruptcy Court for the Southern District of Mississippi to
employ Spotts Fain, PC, as her special counsel.

As special counsel, Spotts Fain expects to represent the Chapter
11 Trustee with regards to an adversary proceeding initiated by
Professional Foreclosure Corporation of Virginia on Aug. 6, 2014
-- the Virginia Adversary Proceeding.

Spotts Fain and its attorneys have agreed to represent the Trustee
for a flat fee of $1,000.

                  Virginia Adversary Proceeding

On May 20, 2014, Travis Kuyper Evans filed a voluntary Chapter 7
petition (Bankr. E.D. Va., Case No. 14-1139).  Mr. Evans owns real
property located at 44 Ringgold Rd., in Falmouth, Virginia.

The Chapter 11 Trustee asserts a first priority Deed of Trust
encumbering the Property and recorded on November 26, 2007 in the
land records of Stafford County, Virginia.  By way of assignment,
a company known as Professional Foreclosure Corporation of
Virginia (PFC) also asserts a first priority Deed of Trust
encumbering the Property and recorded on February 19, 2008 in the
land records of Stafford County, Virginia.

PFC went on to file a lawsuit against the Chapter 11 Trustee on
Aug. 6, 2014, seeking a declaration that its Deed of Trust should
be ranked before the Trustee's Deed of Trust.

Jennifer West -- jwest@spottsfain.com -- a shareholder at Spotts
Fain, assures the Court that her Firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code.

The Chapter 11 Trustee's attorneys can be reached at:

         Jeffrey R. Barber, Esq.
         Kristina M. Johnson, Esq.
         JONES WALKER LLP
         190 East Capitol Street, Suite 800 (39201)
         Post Office Box 427
         Jackson, Mississippi 39205-0427
         Tel No: (601) 949-4765
         Fax No: (601) 949-4804
         E-mail: jbarber@joneswalker.com
                 kjohnson@joneswalker.com

                      About Community Home

Community Home Financial Services, Inc., filed a Chapter 11
petition (Bankr. S.D. Miss. Case No. 12-01703) on May 23, 2012.
Community Home Financial is a specialty finance company located in
Jackson, Mississippi, providing contractors with financing for
their customers.  CHFS operates from one central location
providing financing through its dealer network throughout 25
states, Alabama, Delaware, and Tennessee.  The Debtor scheduled
$44,890,581 in total assets and $30,270,271 in total liabilities.
Judge Edward Ellington presides over the case.

The Debtor was first represented by Roy H. Liddell, Esq., and
Jonathan Bissette, Esq., at Wells, Marble, & Hurst, PPLC as
Chapter 11 counsel.  Wells Marble was terminated Nov. 13, 2013.
The Debtor is now being represented by Derek A. Henderson, Esq.,
in Jackson, Miss.  In 2013, the Debtor sought to employ David
Mullin, Esq., at Mullin Hoard & Brown LLP, as special counsel.

On Jan. 9, 2014, Kristina M. Johnson was appointed as Chapter 11
Trustee for the Debtor.  Jones Walker LLP serves as counsel to the
Chapter 11 trustee, while Stephen Smith, C.P.A., acts as
accountant.

                         *     *     *

On Aug. 8, 2013, the Court approved the Disclosure Statement
explaining the Debtor's Plan of Reorganization dated Jan. 29,
2013.  In the first quarter of 2014, the Court entered an order
holding in abeyance the (i) confirmation of the Debtor's Chapter
11 Plan; and (ii) the objection and amended objection to the
confirmation of Plan pending further Court order.


COUPOUNAS LLC: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Coupounas, LLC
           d/b/a GoLite, LLC
        6325 Gunpark Drive, Suite 102
        Boulder, CO 80301

Case No.: 14-23906

Chapter 11 Petition Date: October 13, 2014

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

Debtor's Counsel: James T. Markus, Esq.
                  MARKUS WILLIAMS YOUNG & ZIMMERMANN LLC
                  1700 Lincoln St., Ste. 4550
                  Denver, CO 80203
                  Tel: 303-830-0800
                  Fax: 303-830-0809
                  Email: jmarkus@markuswilliams.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Demetri Coupounas, president and
managing member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cob14-23906.pdf


COUTURE HOTEL: Secured Creditors Object to Use of Cash Collateral
-----------------------------------------------------------------
Armed Forces Bank, N.A., and Mansa Capital, LLC, holders of
secured claims against Couture Hotel Corporation, object to the
Debtor's proposed use of the cash collateral securing its
prepetition indebtedness.

AFB complains that the revenues generated from the operations of
the two hotels in Las Vegas, Nevada, are not property of the
estate and thus, do not constitute "cash collateral."  AFB says
the deed of trust governing the Las Vegas property assigned the
rents to AFB and specifically stipulated that the same were not
property of the estate in a future bankruptcy.

Mansa, a primary secured lender and holder of a perfected first
priority security interest in the Dallas hotel and its proceeds,
also complains that the revenues and proceeds related to the
Dallas hotel are not property of the estate and further complains
that the Debtor has not provided a reliable budget or provided the
required adequate protection to Mansa to satisfy Sections 361 and
363 of the Bankruptcy Code.

Attorneys for Armed Forces Bank, N.A., are:

         Megan M. Adeyemo, Esq.
         Sona J. Garcia, Esq.
         GORDON & REES LLP
         2100 Ross Avenue, Suite 2800
         Dallas, TX 75201
         Tel: (214) 231-4660
         Fax: (214) 461-4053

            -- and --

         Mark S. Carder, Esq.
         STINSON LEONARD STREET LLP
         1201 Walnut Street, Suite 2900
         Kansas City, MO 64106-2150
         Tel: (816) 691-3415
         Fax: (816) 412-1055

Attorneys for Mansa Capital, LLC, are:

         Charles S. Kelley, Esq.
         Joshua M. Grenard, Esq.
         MAYER BROWN LLP
         700 Louisiana Street, Suite 3400
         Houston, TX 77002-2730
         Tel: (713) 238-3000
         Fax: (713) 238-4888

                        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: Sec. 341(a) Meeting Set for Nov. 6
-------------------------------------------------
A meeting of creditors in the bankruptcy case of Couture Hotel
Corporation will be held on Nov. 6, 2014, at 9:15 a.m. at Dallas,
Room 976.  Creditors have until Feb. 4, 2015, to submit their
proofs of claim.

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.

                        About Couture Hotel

Couture Hotel Corporation 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.

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


CRAIGHEAD COUNTY FAIR: Files for Chapter 11 in Arkansas
-------------------------------------------------------
Craighead County Fair Association filed a bare-bones Chapter 11
bankruptcy petition (Bankr. E.D. Ark. Case No. 14-15490) in
Jonesboro, Arkansas, on Oct. 13, 2014.

The Debtor, which is doing business as the Northeast Arkansas
District Fair, estimated $10 million to $50 million in assets and
debt.

The case is assigned to Judge Audrey R. Evans.

The Debtor is represented by James F. Dowden, Esq., at James F.
Dowden, P.A., in Little Rock, Arkansas, as counsel.

Johnathan Reaves, writing for KASU.org, reports that the
bankruptcy filing will halt a trial that is scheduled for the end
of the month.

According to the report, the association is almost $10 million in
debt resulting from its move to a larger site on East Johnson
Avenue, in Jonesboro, Arkansas.  Unexpected expenses and cost
overruns were factors in the debt.

More than two dozen contractors, with claims amounting to more
than three million dollars, filed liens on the property, which
includes the Northeast Arkansas Exposition and Conference Center.
Focus Bank is also owed more than $6 million.

The commercial development that is taking place at the old
fairground location has involved selling pieces of property, with
Focus Bank getting the proceeds of the sales.  According to the
report, Fair Board Association President Michael Cureton says
everyone will get paid, but how it will all happen is still being
figured out.


CRAIGHEAD COUNTY FAIR: Voluntary Chapter 11 Case Summary
--------------------------------------------------------
Debtor: Craighead County Fair Association
           dba Northeast Arkansas District Fair
        PO Box 2397
        Jonesboro, AR 72401

Case No.: 14-15490

Chapter 11 Petition Date: October 13, 2014

Court: United States Bankruptcy Court
       Eastern District of Arkansas (Jonesboro)

Judge: Hon. Audrey R. Evans

Debtor's Counsel: James F. Dowden, Esq.
                  JAMES F. DOWDEN, P.A.
                  212 Center Street, 10th Floor
                  Little Rock, AR 72201
                  Tel: (501) 324-4700
                  Fax: (501) 374-5463
                  Email: jfdowden@swbell.net

Estimated Assets: $10 million to $50 million

Estimated Liabilities: 10 million to $50 million

The petition was signed by Michael Cureton, acting president.

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


CYTODYN INC: Incurs $3.38-Mil. Net Loss for Aug. 31 Quarter
-----------------------------------------------------------
CytoDyn Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net
loss of $3.38 million for the three months ended Aug. 31, 2014,
compared with a net loss of $2.57 million for the same period last
year.

The Company's balance sheet at Aug. 31, 2014, showed $5.59 million
in total assets, $4.91 million in total liabilities and
stockholders' equity of $680,168.

The Company has an accumulated deficit of $49.81 million as of
Aug. 31, 2014, which raises substantial doubt about the Company's
ability to continue as a going concern.

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

                       http://is.gd/VSTkpk

CytoDyn Inc., a biotechnology company, focuses on the development
and marketing of therapeutic monoclonal antibodies to treat human
immunodeficiency virus (HIV) infections in the United States.  Its
lead product candidate includes PRO 140, an antibody that blocks
HIV from entering a cell by binding to a molecule called CCR5,
which is a normal cell surface receptor protein.  The company also
holds certain rights in two proprietary platform technologies
comprising Cytolin, a monoclonal antibody for the treatment of HIV
infection that targets a normal cell molecule called CD11a, which
is a part of the heterodimer; and CytoFeline, a monoclonal
antibody targeting feline immunodeficiency virus.  CytoDyn Inc. is
based in Vancouver, Washington.


D&L ENERGY: Can Sell Disposable Well Assets for $4.35-Mil.
----------------------------------------------------------
U.S. Bankruptcy Judge Kay Woods has authorized D & L Energy, Inc.,
& Petroflow, Inc., to enter into a private sale of certain
Disposal Well Assets, comprising:

  (1) all of their transferable membership interest in and to
North Lima Disposal Well #4, LLC, or so much of the Debtors'
right, title and interest in the North Lima #4 Units that remains
after the company or its other members exercise their rights of
first refusal under the company's operating agreement;

  (2) the Debtors' 100% ownership interest in Northstar Disposal
Services II, LLC;

  (3) the Debtors' 100% ownership interest in Northstar Disposal
Services VI, LLC and the lease associated with the Northstar #6;
and

  (4) accounts receivable owed to Debtors by North Lima #4.

The purchase price for the sale assets will be $4,350,000, subject
to a proportionate reduction of the purchase price amount based on
the North Lima #4 entity or the members of North Lima #4
exercising their rights of first refusal as permitted by the
operating agreement governing the North Lima #4 as amended and
restated.

The closing will take place no later than 10 days after the later
to occur of (i) the Court's entry of the sale order, or (ii) the
waiver and/or exercise of the rights of first refusal by the North
Lima #4 entity and its members.

All objections to the motion not resolved are dismissed.

                        About D & L Energy

D & L Energy, Inc., based in Youngstown, Ohio, was formed by David
DeChristofaro, Ben Lupo, and James Beshara in 1986 to be a
conventional oil and gas well operator and producer, primarily
targeting oil and gas reserves in the Clinton Sandstone formation
throughout Northeast Ohio and Northwest Pennsylvania.  D&L
currently has three (3) shareholders, Ben Lupo (80.76%
shareholder), Susan Faith (15% shareholder), and Holly Serensky
Lupo (4.24% shareholder).  Nicholas C. Paparodis is the acting CEO
and President of D&L.  Kathy Kaniclides is the acting Secretary
and Treasurer of D&L.  Currently, Serensky Lupo is the sole
director of D&L.

Petroflow, Inc., is an Ohio corporation which is a wholly owned
subsidiary of D&L.  Originally intended to operate as the
"drilling arm" of D&L, Petroflow ceased all operations prior to
the filing of these bankruptcy matters.  Petroflow has no current
income, no bank accounts, and no employees.  Paparodis is the
president, CEO and sole director of Petroflow.

D&L and Petroflow filed for Chapter 11 bankruptcy (Bankr. N.D.
Ohio Lead Case No. 13-40813) on April 16, 2013.  Judge Kay Woods
oversees the case.

The Debtor disclosed in its amended schedules, $40,615,677 in
assets and $6,187,217 in liabilities as of the Chapter 11 filing.

Brian T. Angeloni, Esq., Kathryn A. Belfance, Esq., Steven
Heimberger, Esq., and Todd A. Mazzola, Esq., at Roderick Linton
Belfance, LLP, serve as the Debtors' counsel, and Walter
Haverfield, LLP, is the environmental counsel.  SS&G Parkland
Consulting, LLC, serves as financial advisor and investment
banker.

Sherri Lynn Dahl, Esq., and Peter R. Morrison, Esq., at Squire
Sanders (US) LLP, have been tapped as counsel to the official
committee of unsecured creditors.  BBP Partners LLC serves as the
panel's financial advisors.

Resource Land Holdings emerged as the winning bidder for the
substantially all of the Debtor's assets.  Resource Land offered
to buy the assets for $20.4 million.


D&L ENERGY: Compromise Agreement with Resource Land Approved
------------------------------------------------------------
U.S. Bankruptcy Judge Kay Woods has approved a joint motion to
compromise filed by D&L Energy, Inc. and Petroflow, Inc., and
Resource Land Holdings, LLC and Bobcat Energy Resources, LLC, ask
the Bankruptcy Court to compromise the controversies that have
arisen between Debtors and RLH, and all of the claims and defenses
the parties have asserted in the adversary proceeding.

The parties have proposed a mutually agreeable settlement which
will fully resolve the controversies existing between them without
further litigation.

A general summary of the terms of the compromise/resolution are:

   a. The sale of substantially all of the Debtors' assets will be
divided into two separate sales ? the private sale and the public
sale.  The private sale will consist of all of Debtors' interests
in: 1) Debtors' membership units in Northstar Disposal Services,
II, LLC; 2) the Debtors' membership units in the North Lima
Entity; 3) the Debtors' membership units in Northstar Disposal
Services, VI, LLC; 4) two accounts receivable Debtors own and hold
which are owed by North Lima #4, in the total amount of $394,829;
5) an account receivable that the #2 entity owns against the North
Lima Entity in the amount of $313,655; and 6) certain other
related assets.

   b. The public sale, will consist of all of the Debtors' "Non-
Disposal Well Assets," with RLH participating as stalking horse
bidder for substantially all the Debtors' "Non-Disposal Well
Assets" without bid protections.

   c. RLH has executed and provided Debtors with two new separate
asset purchase agreements, which would result in either: 1) RLH
acquiring all of Debtors' assets for the total purchase price of
$12,000,000; or 2) Debtors receiving more than $12,000,000 as a
result of a third party or parties outbidding RLH at the public
sale.

   d. the Debtors are holding $2,470,000 on deposit from RLH.
The earnest money will continue to be held by Roderick Linton
Belfance, LLP as "Deposit Agent" and will be divided and applied
as two separate good faith earnest money deposits between the New
APAs as: (a) $895,375 earnest money deposit for the private sale;
and (b) $1,574,625 earnest money deposit for the public sale.

   e. The total purchase price RLH will pay for the private sale
is $4,350,000.  The first $4,000,000 of the price is allocated to
Debtors' economic interest in the membership units in the North
Lima Entity.  The remaining $350,000 is allocated to the Debtors'
interest in the receivables and the Debtors' interests in the
#2 Entity and the #6 Entity.

   f. If other members of the North Lima Entity elect to exercise
their rights of first refusal and purchase proportional shares of
Debtors' membership units in said entity, RLH will in any event be
unconditionally obligated to purchase the balance of Debtors'
transferrable interest in the membership units, if any.

                         About D & L Energy

D & L Energy, Inc., based in Youngstown, Ohio, was formed by David
DeChristofaro, Ben Lupo, and James Beshara in 1986 to be a
conventional oil and gas well operator and producer, primarily
targeting oil and gas reserves in the Clinton Sandstone formation
throughout Northeast Ohio and Northwest Pennsylvania.  D&L
currently has three (3) shareholders, Ben Lupo (80.76%
shareholder), Susan Faith (15% shareholder), and Holly Serensky
Lupo (4.24% shareholder).  Nicholas C. Paparodis is the acting CEO
and President of D&L.  Kathy Kaniclides is the acting Secretary
and Treasurer of D&L.  Currently, Serensky Lupo is the sole
director of D&L.

Petroflow, Inc., is an Ohio corporation which is a wholly owned
subsidiary of D&L.  Originally intended to operate as the
"drilling arm" of D&L, Petroflow ceased all operations prior to
the filing of these bankruptcy matters.  Petroflow has no current
income, no bank accounts, and no employees.  Paparodis is the
president, CEO and sole director of Petroflow.

D&L and Petroflow filed for Chapter 11 bankruptcy (Bankr. N.D.
Ohio Lead Case No. 13-40813) on April 16, 2013.  Judge Kay Woods
oversees the case.

The Debtor disclosed in its amended schedules, $40,615,677 in
assets and $6,187,217 in liabilities as of the Chapter 11 filing.

Brian T. Angeloni, Esq., Kathryn A. Belfance, Esq., Steven
Heimberger, Esq., and Todd A. Mazzola, Esq., at Roderick Linton
Belfance, LLP, serve as the Debtors' counsel, and Walter
Haverfield, LLP, is the environmental counsel.  SS&G Parkland
Consulting, LLC, serves as financial advisor and investment
banker.

Sherri Lynn Dahl, Esq., and Peter R. Morrison, Esq., at Squire
Sanders (US) LLP, have been tapped as counsel to the official
committee of unsecured creditors.  BBP Partners LLC serves as the
panel's financial advisors.

Resource Land Holdings emerged as the winning bidder for the
substantially all of the Debtor's assets.  Resource Land offered
to buy the assets for $20.4 million.


DARDEN RESTAURANTS: Moody's Lowers Senior Unsecured Rating to Ba1
-----------------------------------------------------------------
Moody's Investors Service downgraded Darden Restaurants, Inc.'s
senior unsecured ratings to Ba1 from Baa3 and short term
commercial paper rating to Not Prime from Prime-3. In addition,
Moody's assigned Darden a Ba1 Corporate Family Rating (CFR), Ba1-
PD Probability of Default Rating (PD), and SGL-2 Speculative Grade
Liquidity rating. The ratings outlook is stable. This concludes
Moody's review that was initiated on December 19, 2013.

Ratings Rationale

"The downgrade reflects Moody's view that executing a sustained
and profitable turnaround at Olive Garden in the intermediate term
and adoption of a more moderate financial policy is not likely due
to persistently soft consumer spending and unprecedented changes
in Darden's leadership," atated Bill Fahy, Moody's Senior Credit
Officer. Moody's expects earnings will remain under pressure as
consumer spending on discretionary items such as eating out
remains soft, whereas the wholesale change in Darden's leadership
at a time of significant operating challenges adds risk to an
already difficult turnaround of Olive Garden. "Overall, Moody's
believes Darden will not be able to generate the level of earnings
and credit metrics that are representative of a Baa3 rated company
on a sustained basis while the potential for additional asset
sales or brand divestitures that could further impair the
company's credit profile remain a concern." stated Mr. Fahy.

The downgrade follows the recent announcement that Darden's
shareholders replaced the company's entire board of directors, of
which all newly elected board members were nominated by activist
shareholder, Starboard Capital. The company is also actively
searching for a new chief executive officer.

Ratings downgraded are;

$400 million ($122m outstanding) 4.5% senior unsecured notes due
10/15/2021 lowered to Ba1 (LGD4) from Baa3

$500 million 6.2% senior unsecured notes due 10/15/2017 lowered
to Ba1 (LGD4) from Baa3

$450 million ($118m outstanding) 3.35% senior unsecured notes
due 11/1/2022 lowered to Ba1 (LGD4) from Baa3

$300 million 6.8% senior unsecured notes due 10/15/2037 lowered
to Ba1 (LGD4) from Baa3

$150 million 6.0% senior unsecured notes due 8/15/2035 lowered
to Ba1 (LGD4) from Baa3

Senior unsecured shelf and medium term notes program rating
lowered to (P)Ba1 from (P)Baa3

Senior unsecured shelf rating lowered to (P)Ba1 from (P)Baa3

Short term commercial paper program rating lowered to Not Prime
from Prime-3

Ratings assigned are:

  Corporate Family Rating of Ba1

  Probability of Default rating of Ba1-PD

  Speculative Grade Liquidity rating of SGL-2

The Ba1 Corporate Family Ratings (CFR) reflects the scale of
Darden's restaurants that are well known and relatively well
distributed throughout the U.S. which help limit its exposure to
regional economic weakness. Also supporting the ratings is
Darden's brand diversity with two key full service dining out
categories and five specialty restaurant brands that help mitigate
the risk associated with changing consumer tastes. Moody's also
expects Darden's liquidity to remain good. The ratings also
reflect Darden's persistently weak same store sales performance
and earnings concentration of its core brand -- Olive Garden --
and the concern that executing a sustained turnaround of this
trend over the intermediate term will be challenging. Moody's
views persistently soft consumer spending, high level of
promotions and discounting by competitors and leadership changes
as key impediments to a turnaround at Olive Garden over the
intermediate term. The ratings also incorporate Moody's view that
managements financial policy towards shareholders will remain very
aggressive.

The stable outlook reflects Moody's expectation that Darden's
operating metrics should begin to stabilize over the overtime as
management continues to focus on strengthening Olive Garden and
sustaining operating performance at LongHorn and the specialty
restaurant group. The outlook also expects that liquidity will
remain good.

Given the recent downgrade a higher rating over the intermediate
term is unlikely. Factors that could result in upward ratings
pressure include a sustained improvement in operating performance
and same store sales -- particularly traffic -- across all
concepts as well as new management developing a track record of
managing the balance sheet prudently. Quantitatively, a higher
rating would require leverage on a debt to EBITDA basis migrating
towards 3.0 times, EBITA coverage of interest of over 4.0 times
and retained cash flow to debt of around 25%.

Factors that could result in a downgrade include continued
deterioration in same store sales -- particularly at Olive Garden
, and if debt levels increase to support returns to shareholder
without a commensurate improvement in earnings. A downgrade would
likely occur if leverage approaches 4.0, EBITA to interest to drop
towards 3.0 times or if there were no improvement in retained cash
flow to debt on a sustained basis.

Darden Restaurants Inc. owns and operates about 1,500 restaurants
under brands that include Olive Garden, LongHorn Steakhouse, Yard
House, The Capital Grille, Bahama Breeze, Eddie V's, and Seasons
52. Annual revenues are over $6.0 billion.

The principal methodology used in this rating was the Global
Restaurant Methodology published in June 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.


DAYBREAK OIL: Swings to $114K Profit in Aug. 31 Quarter
-------------------------------------------------------
Daybreak Oil and Gas, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing
net income of $114,514 on $1.04 million of oil and gas sales for
the three months ended Aug. 31, 2014, compared with a net loss of
$272,778 on $478,208 of oil and gas sales for the same period last
year.

The Company's balance sheet at Aug. 31, 2014, showed $14.01
million in total assets, $18.66 million in total liabilities and a
stockholders' deficit of $4.65 million.

The Company has incurred net losses since entering the oil and gas
exploration industry and as of Aug. 31, 2014, has an accumulated
deficit of $27.62 million and a working capital deficit of
$3.24 million which raises substantial doubt about the Company's
ability to continue as a going concern.

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

                       http://is.gd/QU6Bwn

                       About Daybreak Oil

Daybreak Oil and Gas, Inc. is an independent oil and natural gas
exploration, development and production company.  The Company is
headquartered in Spokane, Washington and has an operations office
in Friendswood, Texas.  The Company's common stock is quoted on
the OTC Bulletin Board market under the symbol DBRM.OB.  Daybreak
has over 20,000 acres under lease in the San Joaquin Valley of
California.

Daybreak Oil incurred a net loss available to common shareholders
of $1.54 million for the year ended Feb. 28, 2014, a net loss
available to common shareholders of $2.39 million for the year
ended Feb. 28, 2013, and a net loss available to common
shareholders of $1.59 million for the year ended Feb. 29, 2012.

The Company's balance sheet at May 31, 2014, showed $12.94 million
in total assets, $16 million in total liabilities and a $3.05
million total stockholders' deficit.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Feb. 28, 2014.  The independent auditors noted that
Daybreak Oil and Gas, Inc. suffered losses from operations and has
negative operating cash flows, which raises substantial doubt
about its ability to continue as a going concern.


DYNAVOX INC: Can Employ Ernst & Young as Tax Advisor
----------------------------------------------------
DynaVox Intermediate LLC sought and obtained approval from the
U.S. Bankruptcy Court for the District of Delaware to employ Ernst
& Young LLP as its tax advisor.

Angela M. Hudak, a partner at Ernst & Young, assures the Court
that her firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code.

                        About Dynavox Inc.

DynaVox Intermediate LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. Del. Case No. 14-10785) on April 6, 2014.  Two of its
affiliates, DynaVox Inc. and DynaVox Systems Holdings LLC, also
filed for bankruptcy (Case Nos. 14-10791 and 14-10790) the
following day.  The Debtors estimated assets and debts of at least
$10 million.  Cousins, Chipman & Brown, LLP, serves as the
Debtors' counsel.  Judge Peter J. Walsh presides over the case.

DynaVox Inc. (OTC: DVOX) is a holding Company with its
headquarters in Pittsburgh, Pennsylvania, whose primary operating
entities are DynaVox Systems LLC and Mayer-Johnson LLC.  DynaVox
provides speech generating devices and symbol-adapted special
education software to assist individuals in overcoming their
speech, language and learning challenges.


ENDEAVOUR INT'L: Moody's Lowers Default Rating to D-PD
------------------------------------------------------
Moody's Investors Service downgraded Endeavour International
Corporation's Probability of Default Rating (PDR) to D-PD from
C-PD/LD. This rating action is in response to the company's
announcement that Endeavour and certain of its subsidiaries have
each filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code in the US Bankruptcy Court for the District of
Delaware. All of Endeavour's ratings will be withdrawn in the near
future.

Rating Actions:

Downgrades:

Issuer: Endeavour International Corporation

Probability of Default Rating, Downgraded to D-PD from C-PD/LD

Ratings and outlook to be withdrawn in the near future:

Issuer: Endeavour International Corporation

Corporate Family Rating, Ca

Probability of Default Rating, D-PD

Senior Unsecured Regular Bond/Debenture (Local Currency) Jun 1,
2018, C (LGD5)

Senior Unsecured Regular Bond/Debenture (Local Currency) Mar 1,
2018, Ca (LGD4)

Speculative Grade Liquidity Rating, SGL-4

Outlook, negative

Rating Rationale

As contemplated in Moody's rating actions announced in the press
release dated October 2, 2014, a bankruptcy filing by Endeavour
has resulted in its PDR being changed to D-PD. No action has been
taken on any of the other ratings since those ratings already
incorporated the company's limited default, likely bankruptcy
filing and Moody's view on the potential recoveries.

The principal methodology used in this rating was Global
Independent Exploration and Production Industry 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.

Endeavour International Corporation is an independent exploration
and production company headquartered in Houston, Texas.


ENERGY FUTURE: Creditors Oppose Proposed Bid Protocol
-----------------------------------------------------
Creditors of Energy Future Holdings Corp., including senior
noteholders of its generation business and that unit's Official
Committee of Unsecured Creditors, oppose the proposed procedures
governing the bidding and sale of the company's stake in Oncor,
various news sources reported.

According to Peg Brickley, writing for Daily Bankruptcy Review,
some of the opposing creditors demand greater access to the
process and others questioning whether the sale is necessary at
all.  Bill Rochelle and Sherri Toub, bankruptcy columnists for
Bloomberg News, reported that the creditors said the energy giant
is trying to establish a bidding and sale process that locks in
the structure of a reorganization plan and produces ?catastrophic?
results for the unregulated power plants.

The DBR report said the Energy Future declined to comment on the
critique of the bid rules, which are scheduled for review this
Friday, but, the Bloomberg report said the company believes a
taxable transaction will prompt objection from the Internal
Revenue Service and may block approval of a reorganization plan,
resulting in the liquidation of the holding company in Chapter 7.

                       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.


FERROUS MINER: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                      Case No.
     ------                                      --------
     Ferrous Miner Holdings, Ltd.                14-12343
     10 Merrymount Road
     Quincy, MA 02467

     Global NAPs, Inc.                           14-12344
     10 Merrymount Road
     Quincy, MA 02467

Chapter 11 Petition Date: October 14, 2014

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Debtor's Counsel: Michael Jason Barrie, Esq.
                  BENESCH FRIEDLANDER COPLAN & ARONOFF LLP
                  222 Delaware Avenue, Suite 801
                  Wilmington, DE 19801-1611
                  Tel: (302) 442-7010
                  Fax: (302) 442-7012
                  Email: mbarrie@beneschlaw.com

                                Estimated      Estimated
                                 Assets       Liabilities
                               -----------    ------------
Ferrous Miner Holdings, Ltd.   $10MM-$50MM    $50MM-$100MM
Global NAPs, Inc.              $10MM-$50MM    $50MM-$100MM

The petition was signed by Frank T. Gangi, sole director, Ferrous
Miner.

List of Debtors' 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Verizon New England Inc.            Judgment         $35,716,714

Massachusetts Department            Taxes             $7,615,568
of Revenue

Windstream                          Trade Debt        $6,476,119

Southern New England                Judgment          $5,200,000
Telephone Company

National Railroad                   Trade Debt        $4,957,759
Passenger Corporation
(Amtrak)

Level 3 Communications, LLC          Trade Debt       $3,199,184

RCN Telecom Services, LLC            Trade Debt       $2,656,316

Cyberdyne Innovations, LLC           Trade Debt       $2,300,000

Universal Service Administrative     Trade Debt       $1,608,597
Company

Sprint                               Trade Debt       $1,365,177

Ironton Telephone Company            Trade Debt       $1,239,922

Sidera Networks, LLC                 Trade Debt       $1,054,317

NSTAR Communications, Inc.           Trade Debt         $993,769

Core Communications, Inc.            Trade Debt         $958,819

Service Electric Telephone Co.       Trade Debt         $907,636

Xchange Telecom Corp.                Trade Debt         $746,621

Westelcom Network, Inc.              Trade Debt         $644,408

FPL Fibernet, LLC                    Trade Debt         $629,072

NeonOptica Inc.                      Trade Debt         $499,532

Armstrong Telephone Company (MD)     Trade Debt         $473,704


FREEFALL ADVENTURES: Files for Ch 11 Months After Owner's Bankr.
----------------------------------------------------------------
Freefall Adventures filed for Chapter 11 bankruptcy protection
(Bankr. D.N.J. Case No. 14-30235) on Oct. 2, 2014, listing its
liabilities at between $1 million and $10 million against up to
$50,000 in assets.  The petition was signed by John Eddowes,
authorized individual.  The Hon. Andrew B. Altenburg Jr. presides
over the case.

Angelo Fichera at Philly.com quoted Lewis Adler, Esq., at the Law
Office of Lewis Adler, the Debtor's special counsel, as saying,
"You have creditors that demand to be paid."  Philly.com states
that an attorney for the Debtor confirmed that two planes were
taken off-line for a period for repairs, which reduced revenue.
The Debtor mentioned in its petiton that it owed $50,000 to an
aircraft repair firm.

Mr. Adler denied that lawsuits were a determining factor in the
bankruptcy filing, Philly.com relates.  According to the report,
the Debtor has gained attention over the years for accidents and
fatalities, risks commonly associated with the sport.  The Debtor
mentioned in its court filing that customer Reginald Wood, who
broke his legs during skydiving in May 2012, sued the Debtor in
April.  The accident occurred because the instructor
"miscalculated the landing zone," Philly.com states, citing
Salvatore Imbornone Jr., Esq., the attorney for Mr. Wood.

Philly.com reports that owner John Eddowes, who filed for Chapter
13 bankruptcy in August 2014, refused to discuss the bankruptcy
filings when reached Monday afternoon, but assured that the Debtor
is "open for business."

Williamstown, New Jersey-based Freefall Adventures operates out of
Cross Keys Airport in Monroe Township and is a mainstay in the
regional skydiving community.


GENCORP INC: Reports $9.5-Mil. Net Loss for Aug. 31 Quarter
-----------------------------------------------------------
GenCorp Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net
loss of $9.5 million on $419.5 million of net sales for the three
months ended Aug. 31, 2014, compared with a net income of
$197.4 million on $367.5 million for the same period last year.

The Company's balance sheet at Aug. 31, 2014, showed $1.75 billion
in total assets, $1.8 billion in total liabilities, $200,000 in
redeemable common stock and total stockholders' deficit of $48.7
million.

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

                       http://is.gd/zawNSr

GenCorp Inc. produces propulsion systems for defense and space
applications and armament systems for precision tactical and long
range weapon systems. Revenues for the twelve months ended May 31,
2014 were approximately $1.6 billion.


GENERAL MOTORS: Investors Fret Over Ex-Employee, Car Owners Suit
----------------------------------------------------------------
Nick Brown and Jessica Dye at Reuters report that hedge funds
Davidson Kempner Capital Management, Angelo Gordon & Co, Empyrean
Capital Partners, and other investors that bought rights to the
limited pool of Old GM payouts worry that former General Motors
Corp. security guard Roger Dean Gillispie and owners of older cars
recalled in the Company's ignition-switch debacle this year might
be allowed to sue Old GM.

Reuters relates that Mr. Gillispie, who spent 20 years in an Ohio
prison for rape until a federal court ordered him released in
2011, has sought permission from the U.S. Bankruptcy Court for the
Southern District of New York to file a lawsuit against the
Company for allegedly helping to frame him, while the car owners
have filed more than 100 lawsuits seeking class action status and
want permission from the Court to pursue New GM, the profitable
company that emerged from bankruptcy.

The Court will decide if Mr. Gillispie can seek damages from the
New GM or from Old GM, which is a trust composed of limited assets
to settle past claims against the Company, Reuters states.

According to Reuters, the investors worry that if Mr. Gillispie
and the car owners are barred from suing New GM, they will be
allowed to sue Old GM.  Reuters says that Old GM's main assets --
stock in the new company and warrants to buy stock -- are worth
about $9.25 billion, versus roughly $32 billion in claims.  A U.S.
Securities & Exchange Commission filing in July shows that the
trust has already doled out many of the assets, leaving it only
about $1.2 billion worth.

                     About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On
the Dissolution Date, pursuant to the Plan and the Motors
Liquidation Company GUC Trust Agreement, dated March 30, 2011,
between the parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.

                        *     *     *

The Troubled Company Reporter, on Sep. 29, 2014, reported that
Standard & Poor's Ratings Services raised its corporate credit
rating on U.S. automaker General Motors Co. (GM) to 'BBB-' from
'BB+', and revised the outlook to stable from positive.  At the
same time, S&P raised its issue-level rating on GM's unsecured
debt to 'BBB-' from 'BB+' and simultaneously withdrew its '4'
recovery rating on that debt, because S&P do not assign recovery
ratings to the issues of investment-grade companies.


GILES JORDAN: Galveston Shores Withdraws Motion for Valuation
-------------------------------------------------------------
Galveston Shores, LP has withdrawn its motion for valuation to
ascertain the value of the property made the basis of its secured
lien against Giles-Jordan, Inc.

As reported in the TCR on Sept. 22, 2014, Galveston Shores related
that the Debtor purchased the subject property from Galveston
Shores for a sales price of $4,000,000.  On Aug. 28, 2014,
appraiser Michael R. Haithcoat prepared an appraisal of the
subject property at the request of Galveston Shores and Mr.
Haithcoat estimated the present value of the subject value as
$4,800,000.

In its Bankruptcy Petition and subsequent disclosure statement,
the Debtor estimated the value of the subject property at
$12,000,000, higher than its appraised value.

Galveston Shores says that it will be impossible for a plan for
reorganization to obtain acceptance until true value of the
subject property is determined.

On Sept. 2, 2014, Galveston Shores filed its proof of claim in the
amount of $3,740,041.

                        About Giles-Jordan

                     About Giles-Jordan, Inc.

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

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


GLOBAL GEOPHYSICAL: Oct. 15 Hearing on Backstop Agreement
---------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas is
set to hold a hearing on Oct. 15, at 10:00 a.m., to consider
approval of Global Geophysical Services Inc.'s deal with a
noteholders group to backstop a rights offering.

The noteholders group has agreed, by backstopping a rights
offering, to equitize at least $51.9 million of its $151.8 million
senior secured post-petition financing to allow distributions to
Global Geophysical's unsecured creditors.  Together, the
noteholders hold about 57% of the senior unsecured bonds issued by
the company.

The backstop agreement will be implemented through a plan of
reorganization, which the company filed with the bankruptcy court
on Sept 24.

Under the plan, all existing common stock will be canceled and
100% of the new common stock in a reorganized company will be held
by claimants that have unsecured claims tied to the promissory
notes originated by Bancolombia S.A. and Helm Bank S.A., and 10.5%
senior unsecured notes issued by Global Geophysical.

The new common stock will be distributed through two mechanisms.
First, the claimants will receive their pro rata share of a
portion of the new common stock based upon a $190 million total
enterprise valuation.

Moreover, Global Geophysical will offer for purchase between $21
million to $27 million through a rights offering.

The proceeds of the rights offering will be used to repay a
portion of the $151.8 million loan.  The remaining balance will be
repaid through an exit loan.

Without the backstop agreement, Global Geophysical would be
required to repay in full and in cash the $151.8 million loan
before any distribution could flow to creditors, according to its
lawyer, C. Luckey McDowell, Esq., at Baker Botts LLP, in Dallas,
Texas.

A full-text copy of the backstop agreement is available without
charge at http://is.gd/9midNi

                         Rights Offering

In the rights offering, holders of the company's senior notes and
promissory notes that qualify as "accredited investors" will
receive rights to participate in a private placement of up to
3,740,544 million shares of new common stock.

Each right will entitle its holder to purchase one share of new
common stock at a subscription price of $8.0887, representing a
15% discount to the equity value of the reorganized company on the
effective date of the plan.

Global Geophysical anticipates that it will commence the rights
offering no later than Nov. 14.  The deadline to exercise rights
and submit payment for the shares is Dec. 3.

A separate motion filed by Global Geophysical seeking approval of
the rights offering will also be considered by the bankruptcy
court at the Oct. 15 hearing.

             About Global Geophysical, Autoseis et al.

Global Geophysical Services Inc., a provider of seismic data for
the oil and gas drilling industry, sought bankruptcy protection,
intending to reorganize on its own with additional capital or
explore a sale or other transaction.

Based in Missouri City, Texas, Global Geophysical disclosed assets
of $468.7 million and liabilities totaling $407.3 million as of
Sept. 30, 2013.  Liabilities include $81.8 million on a secured
term loan owing to TPG Specialty Lending Inc. and Tennenbaum
Capital Partners LLC.  TPG is the lenders' agent.  Global also
owes $250 million on two issues of 10.5 percent senior unsecured
notes, with Bank of New York Mellon Trust Co. as indenture
trustee.

Global Geophysical and five affiliates, including Autoseis, Inc.
(lead debtor), filed Chapter 11 petitions in Corpus Christi, Texas
(Bankr. S.D. Tex. Lead Case No. 14-20130) on March 25, 2014.

The Debtors are represented by C. Luckey McDowell, Esq., Omar
Alaniz, Esq., and Ian E. Roberts, Esq., at Baker Botts, LLP, in
Dallas, Texas; and Shelby A. Jordan, Esq., and Nathanial Peter
Holzer, Esq., at Jordan, Hyden, Womble, Culbreth, & Holzer, PC in
Corpus Christi, Texas.  Alvarez & Marsal serves as the Debtors'
restructuring advisors, Fox Rothschild Inc. as financial advisor,
and Prime Clerk as claims and noticing agent.

The U.S. Trustee for Region 7, has selected seven creditors to the
Official Committee of Unsecured Creditors.  The Committee tapped
Greenberg Traurig, LLP as counsel; and Lazard Freres & Co. LLC and
Lazard Middle Market LLC, as financial advisors and investment
bankers.

The Ad Hoc Group of Noteholders and the DIP Lenders are
represented by Marty L. Brimmage, Jr., Esq., Charles R. Gibbs,
Esq., Michael S. Haynes, Esq., and Lacy M. Lawrence, Esq., at Akin
Gump Strauss Hauer & Feld LLP.

Prepetition secured lender TPG is represented by David M. Bennett,
Esq., Tye C. Hancock, Esq., and Joseph E. Bain, Esq., at Thompson
& Knight LLP; and Adam C. Harris, Esq., Lawrence V. Gelber, Esq.,
David M. Hillman, Esq., and Brian C. Tong, Esq., at Schulte Roth &
Zabel LLP.


GREEN POWER: Files Bare-Bones Ch. 11 Petition in Seattle
--------------------------------------------------------
Green Power Inc. filed a Chapter 11 bankruptcy protection (Bankr.
W.D. Wash. Case No. 14-17528) in Seattle on Oct. 12, 2014, without
stating a reason.

The Debtor estimated assets and debt ranging from $10 million to
$50 million.

The case is assigned to Judge Marc Barreca.

The Debtor has tapped Matthew W. Anderson, Esq., at the Law
Offices of Matthew W. Anderson, PLLC, in Seattle, as counsel.

According to the docket, the Debtor's schedules of assets and
liabilities, the statement of financial affairs and other
incomplete filings are due Oct. 27, 2014.


GT ADVANCED: Wants to Disclose Details of Apple Deal to Public
--------------------------------------------------------------
Gregg Keizer at Computerworld.com reports that GT Advanced
Technologies Inc. has asked the U.S. Bankruptcy Court for the
District of New Hampshire to make confidential information
regarding its partnership with Apple Inc. public.

Computerworld.com relates that the Court has scheduled for
Wednesday, Oct. 15, a hearing to consider the Debtor's request to
be allowed to submit unredacted versions of the documents into the
public record.  Kristena Hansen at KJZZ.org adds that the Court
will also decide on Wednesday whether to close down the Mesa
factory in Mesa by year-end.

Computerworld.com says that the Debtor had filed the documents in
redacted form, but on Friday, the Debtor filed a motion asking the
Court to allow the Debtor to file unredacted versions of several
documents.  According to the report, the Debtor said that it had
struck out parts of those documents it has filed because the
Debtor signed confidentiality agreements with Apple in 2013, which
would require the Debtor to pay Apple $50 million for each
violation of the accords.

The confidentiality Apple demanded would put other creditors at a
disadvantage because only Apple would have the complete picture,
Computerworld.com states, citing the Debtor.  Computerworld.com
quoted the attorneys for the Debtor as saying, "GTAT believes
that, in the interest of their creditors, equity holders, and
other stakeholders, as well as to ensure an open, transparent, and
fair process in these Chapter 11 cases, unredacted versions of the
Supplemental First Day Declaration, the Motion to Reject, the Wind
Down Motion, and the Motion to Expedite, should be filed . . . .
While parties may have a legitimate interest in protecting their
trade secrets because disclosure of the 'secret sauce' reduces the
value of a business, many times the information for which
protection is sought does not require the level of protection
requested."

The Debtor, according to Computerworld.com, said that if the Court
does not grant its motion, the alternative was to let the Debtor
file unredacted versions under a court seal of secrecy.

The Debtor implied in a court filing that it was considering
taking other actions against Apple once it had emerged from
Chapter 11.  "GTAT believes that it has many claims against Apple
arising out of its business relationship with Apple,"
Computerworld.com quoted the Debtor as saying.

The Debtor claimed in court filing that its agreements with Apple
"imposed oppressive and burdensome terms and obligations on GTAT."
Computerworld.com says that the Debtor asked the Court to be freed
of those accords because they were eating into what cash it had to
the tune of $1 million per day.

Forbes contributor Chuck Jones writes that the Debtor is down
$0.35 to $0.46 on Oct. 13 morning, and that the NASDAQ has begun
the process to delist the shares and stop trading at the end of
Tuesday.

                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.


HDGM ADVISORY: Has Until Nov. 3 to File Disclosure Statement
------------------------------------------------------------
HDGM Advisory Services, LLC, et al., sought and obtained an order
extending until Nov. 3, 2014, the deadline to file a disclosure
statement explaining the terms of their proposed Chapter 11 Plan.

The Debtors filed their Plan on Sept. 17.

The Debtors relate that they need additional time to file a
Disclosure Statement in relation to the court orders appointing an
examiner and not extending the injunction against GPIF-I Equity
Co., Ltd and GPIF-I Finance Co., Ltd that will permit a trial to
proceed against Mr. Garrison in New York.

The appointment of an examiner with powers to investigate and
settle certain claims will require Plan revisions well as examiner
input as to the disclosures related thereto.

The Debtors note that no examiner has yet been appointed or
confirmed.  Thus, the Debtors do not desire to expend unnecessary
funds or effort on a disclosure statement that will likely be
outdated when filed.  The Debtors' resources are limited, and may
yet be further limited depending on the results of a Garrison
trial, if any.

The Debtors need more time to determine the continued efficacy of
their initial Plan, in light of the examiner appointment, and must
not be forced to spend the resources to finalize disclosure at
this time.

                  About HDGM Advisory Services

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

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

The cases are assigned to Judge James M. Carr.

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

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


HEDWIN CORPORATION: Taps Keightley & Ashner as Pensions Counsel
---------------------------------------------------------------
Hedwin Corporation asked permission from the U.S. Bankruptcy Court
for the District of Maryland to employ Keightley & Ashner LLP as
its pensions special counsel.

Keightley & Ashner will assist the Debtor on matters relating to
the Pension Benefit Guaranty Corporation and a standard
termination of its Pension Plan.  K&A will analyze information
relating to the Debtor's Pension Plan and to the PBGC Pension
Claims, and assist the Debtor in connection with a possible
Standard Termination of the Pension Plan and in addressing and
resolving the PBGC Pension Claims.

K&A's hourly rates for its services are:

     Professionals                 Hourly Rate
     -------------                 -----------
     Attorneys                     $400 to $885
     Other professionals           $660 to $710
     paralegals and law clerks     $250

K&A assures the Court that it is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

                    About Hedwin Corporation

Founded in 1946, Hedwin Corporation is a manufacturer of
customized industrial plastic packaging, which it sells to
wholesalers and distributors throughout the United States, Canada
and Europe.  Its manufacturing facility is located at 1600 Roland
Heights Avenue, Baltimore, Maryland.  It has a warehouse facility
at 1700 West 41st Street, Baltimore, Maryland and a warehouse and
assembly facility at 9175 Moya Blvd. (Unit D), Reno, Nevada.  All
of the facilities are leased.

As of the fiscal year end Dec. 31, 2013, the Debtor had total
assets of approximately $15 million.

Hedwin filed a Chapter 11 bankruptcy petition (Bankr. D. Md. Case
No. 14-151940) in Maryland on April 2, 2014, to sell its assets to
Fujimori Kogyo Co., Ltd., absent higher and better offers.

The Debtor is represented by Alan M. Grochal, Esq., Stephen M.
Goldberg, Esq., and Catherine K. Hopkin, Esq., at Tydings &
Rosenberg, LLP, in Baltimore, Maryland.  Shared Management
Resources, Ltd.'s Charles S. Deutchman serves as chief
restructuring officer.

The U.S. Trustee for Region 4 appointed seven creditors to serve
on the official committee of unsecured creditors.

                           *     *     *

At an auction held in May 2014, Fujimori Kogyo Co. ended up the
successful bidder for Hedwin Corp., although an auction forced it
to pay 36% more for the Baltimore maker of industrial packaging.
In a deal reached before the bankruptcy filing, Fujimori agreed to
pay $16.5 million and retain all workers.  During the auction,
Interplast Group Inc. offered $22 million, but Fujimori won with a
$22.2 million bid that included its $600,000 breakup fee and
$250,000 in expense reimbursement.  Judge Alquist on May 12
approved the sale to Fujimori.  The sale was scheduled to close by
the end of May.


HOUSTON REGIONAL: Court Okays Employee Retention Program
--------------------------------------------------------
US Bankruptcy Judge Judge Marvin Isgur on October 6, 2014,
approved debtor Houston Regional Sports Network's employee
retention program. The Court has found that the relief requested
by the motion is in the best interest of the Debtor's estate, the
Debtor's creditors and other parties in interests. Thus, the
Debtor is authorized to take all necessary steps to implement the
Employee Retention Program.

On August 6, 2014, the Debtor filed its Chapter 11 plan of
reorganization. The Plan contemplates the Reorganized Debtor will
be owned by investors. On September 4, 2014, the Court entered a
disclosure statement order and set a hearing to confirm the plan
on October 2, 2014.

However, in the event of the liquidation, the Debtor's employees
may also be terminated. Thus, on September 16, 2014, the Debtor
issued notices under the WARN notices to all its employees.
Notwithstanding the WARN Notices, the Debtor has a critical need
for its employees and it has the intention to retain its
employees.

Houston Regional Sports is represented by:

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

              About Houston Regional Sports Network

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

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

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

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

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

Judge Marvin Isgur presides over the case.

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

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

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


INTELLICELL BIOSCIENCES: Has $2.71-Mil. Net Income in Q2
--------------------------------------------------------
Intellicell BioSciences, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing
net income of $2.71 million on $32,500 of total revenues for the
three months ended June 30, 2014, compared with a net loss of
$3.92 million on $nil of total net revenues for the same period in
2013.

The Company's balance sheet at June 30, 2014, showed $3.34 million
in total assets, $15.64 million in total liabilities and a
stockholders' deficit of $12.3 million.

The Company has incurred losses since inception resulting in an
accumulated deficit of $61.16 million and a working capital
deficit of $15.32 million as of June 30, 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, according to the regulatory filing.

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

                       http://is.gd/JyU1EN

                  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: Amends 2013 Fiscal Year Report
-------------------------------------------------------
Intellicell BioSciences, Inc., filed with the U.S. Securities and
Exchange Commission on Oct. 9, 2014, an amendment to its annual
report on Form 10-K for the year ended Dec. 31, 2013.  A copy of
the Form 10-K/A is available at:

                       http://is.gd/FmjbVZ

The Company reported a net loss of $15.87 million on $nil of total
net revenues for the year ended Dec. 31, 2013, compared to a net
loss of $4.15 million on $534,942 of total net revenues in 2012.

The Company's balance sheet at Dec. 31, 2013, showed $3.21 million
in total assets, $15.49 million in total liabilities and total
stockholders' deficit of $12.28 million.

The Company has incurred losses since inception resulting in an
accumulated deficit of $53.63 million and a working capital
deficit of $8.53 million as of Dec. 31, 2013, 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.

                  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: Files Amendment to Q1 2014 Report
----------------------------------------------------------
Intellicell BioSciences, Inc., filed with the U.S. Securities and
Exchange Commission an amendment to its quarterly report on Form
10-Q.  A copy of the Form 10-Q/A is available at:

                       http://is.gd/OOLq6u

The Company disclosed a net loss of $10.24 million on $32,500 of
total net revenues for the three months ended March 31, 2014,
compared with a net loss of $1.06 million on $nil of total net
revenues for the same period in the prior year.

The Company's balance sheet at March 31, 2014, showed $4.1 million
in total assets, $20.96 million in total liabilities and total
stockholders' deficit of $16.86 million.

The Company has incurred losses since inception resulting in an
accumulated deficit of $63.87 million and a working capital
deficit of $4.83 million 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.

                  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.


INTERNATIONAL TRADE: Files for Chapter 7 Liquidation
----------------------------------------------------
Reston, Virginia-based International Trade and Commerce Group
filed for Chapter 7 liquidation (Bankr. E.D. Va. Case No. 14-
13738) on Oct. 7, 2014, estimating $100,001 to $500,000 in
liabilities against up to $50,000 in assets.

According to The Washington Post, Jane R. Lee, Esq., serves as the
Debtor's bankruptcy counsel, and that ADT Security Services, the
Debtor's largest unsecured creditor, is owed $1,871.


ISLAMIC CENTER OF MEMPHIS: Motion for Chapter 11 Discharge Denied
-----------------------------------------------------------------
The Appellate Division of the Supreme Court of New York, Third
Department, denied:

     -- an Application for supplemental evidence and for further
relief.

     -- a Motion for bankruptcy title 11 (chapter 11) discharge.

     -- a Motion to dismiss and for further relief.

The case before the Appellate Division is THE PEOPLE OF THE STATE
OF NEW YORK, Respondent, v. JAMIL MUHAMMAD, Appellant.

A copy of the Appellate Division's October 9, 2014 Decision and
Order is available at http://is.gd/NXX4cEfrom Leagle.com.

Mr. Muhammad is the president of The Islamic Center of Memphis,
Inc., a debtor in the Chapter 11 case (Bankr. W.D. Tenn. Case No.
11-22615) filed on March 11, 2011.   A copy of Islamic Center's
petition is available at http://bankrupt.com/misc/tnwb11-22615.pdf


JOSEPH GRASSO: Court Okays Some of Madison Capital's Fee Claim
--------------------------------------------------------------
Bankruptcy Judge Magdeline D. Coleman granted, in part, and
denied, in part, the Application for Administrative Expenses dated
April 2, 2013, filed by Madison Capital Company, LLC in the
Chapter 7 bankruptcy case of Joseph Grasso (Bankr. E.D. Pa. Case
No. 12-11063).

Christine C. Shubert, the then Chapter 11 Trustee and now present
Chapter 7 Trustee of the estate of Joseph Grasso, objected to the
Application.

The Law Offices of Paul J. Winterhalter, P.C., on its own behalf
and not in its capacity as the former representative of the
Debtor, also filed an Objection.

Madison seeks reimbursement of attorneys' fees in the amount of
$131,379.50 and costs in the amount of $5,276.62.  Madison
allocates its fees as follows:

     $21,809.20 for 60.25 hours of attorneys' fees incurred
                in connection with Madison's prosecution of
                its Motion for 2004 Examination dated March 29,
                2012

     $26,414.13 for 70.25 hours of attorneys' fees incurred
                in connection with Madison's prosecution of
                the Motion to Convert dated July 23, 2012

     $26,601.60 for 75.4 hours of attorneys' fees incurred in
                connection with Madison's prosecution of the
                Motion to Appoint Trustee dated September 14,
                2012

     $25,487.13 for 76 hours of attorneys' fees incurred in
                connection with Madison's prosecution of the
                Objection to Claim Number 26 dated July 16,
                2012 -- Katz Objection

      $2,495.18 for 8.1 hours of attorneys' fees incurred in
                connection with Madison's prosecution of the
                Objection to Application for Compensation dated
                February 5, 2013 -- PJW Objection

     $28,572.26 for 76.30 hours of attorneys' fees incurred in
                connection with Madison's prosecution of the
                Motion to Convert Case to Chapter 7 dated March
                25, 2013

"T[he] Court will grant the Application as to Madison's fees and
costs incurred in connection with its prosecution of the 2004
Motion, the First Conversion Motion, and the Trustee Motion. After
reviewing the record and based upon this Court's experience
garnered during the course of the administration of the Debtor's
estate, this Court is convinced that Madison's work in connection
with these proceedings provided an exceptional benefit to the
Debtor's estate," Judge Coleman said.

The judge ruled that because of the size of Madison's claim and
the fact that the other factors weigh strongly against an award of
fees, Madison is not entitled to compensation for its fees and
costs incurred in connection with the Katz Objection and the PJW
Objection.  In addition, the Court said Madison's efforts in
connection with the Second Conversion Motion were not sufficiently
transcendent so as to justify reimbursement.

A copy of the Court's October 10, 2014 Memorandum is available at
http://is.gd/5mEvfCfrom Leagle.com.


JPJ REAL ESTATE: Files for Ch 11; Sec. 341 Meeting on Nov. 3
------------------------------------------------------------
Rockville, Maryland-based JPJ Real Estate Holdings, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. D. Md. Case No. 14-25473)
on Oct. 6, 2014, estimating its assets and liabilities at between
$1 million and $10 million each.  The Debtor did not file a list
of its largest unsecured creditors when it filed the petition,
which was signed by Jerome Johnson, managing member.

Craig A Butler, Esq., at The Butler Law Group, PLLC, serves as the
Debtor's bankruptcy counsel.  The Hon. Thomas J. Catliota presides
over the case.

A meeting of creditors in the Debtor's bankruptcy case will be
held on Nov. 3, 2014, at 9:00 a.m., at 341 meeting Room 6th Floor
at 6305 Ivy Ln., Greenbelt.  This is the first meeting of
creditors required under Section 341(a) of the Bankruptcy Code in
all bankruptcy cases.

Proofs of claim must be filed by Feb. 2, 2015.


KASPER LAND: Withdraws Motion to Tap Glenn Cumming as Broker
------------------------------------------------------------
Kasper Land and Cattle Texas, LLC, filed a notice with the U.S.
Bankruptcy Court for the Northern District of Texas withdrawing
its motion to employ Glenn Cummings Real Estate to sell developed
farmland.

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


KNR ENTERPRISE: Files for Ch 11; Sec. 341 Meeting on Nov. 6
-----------------------------------------------------------
Annandale, Virginia-based KNR Enterprise, Inc., filed for Chapter
11 bankruptcy protection (Bankr. E.D. Va. Case No. 14-13660) on
Oct. 1, 2014, $1 million to $10 million in assets and $1 million
to $10 million in liabilities.  The Debtor listed Trust Properties
as its largest unsecured creditor holding a claim of $30,000.  The
petition was signed by Chung Il Ku, president.

The Hon. Robert G. Mayer presides over the case.  John T. Donelan,
Esq., at the Law Office Of John T. Donelan, serves as the Debtor's
bankruptcy counsel.

A meeting of creditors in the Debtor's bankruptcy case will be
held on Nov. 6, 2014, at 10:00 a.m., at the Office of the U.S.
Trustee (Chapter 11), 115 South Union Street, Suite 208,
Alexandria, Virginia.  This is the first meeting of creditors
required under Section 341(a) of the Bankruptcy Code in all
bankruptcy cases.

Proofs of claim are due by Feb. 4, 2015.  Complaints for
determination of dischargeability of debt must be filed by Jan. 5,
2015.


LDR INDUSTRIES: Adduci Mastriani Approved as Customs Counsel
------------------------------------------------------------
The Bankruptcy Court authorized LDR Industries, LLC, to employ
Adduci, Mastriani & Schaumberg, LLP as special customs counsel
nunc pro tunc to the Petition Date.

According to the Debtor, Adduci has extensive experience with and
knowledge of the Debtor's business and legal affairs well as its
customs and trade issues.  Adduci has represented the Debtor since
2012 in connection with customs and trade issues.

Adduci is expected to:

   a) advise the Debtor with respect to customs issues;

   b) assist and guide the Debtor in resolving any disputes with
customs in or out of Bankruptcy Court; and

   c) communicate with potential buyers about customs issues in an
effort to effectuate a successful Section 363 sale.

The head of the Adduci team for the Debtor is Munford Page Hall,
II.  Adduci's personnel with primary responsibilities in the
engagement and their hourly rates are:

         Munford Page Hall, II                  $725
         Beau Jackson                           $385
         Dana Watts' hourly rate                $325
         Paraprofessionals:
           Kelsey Curtis                        $325
           Colleen Kemp                         $200

The hourly rates of other personnel to serve in the case are:

         Partners                            $450 - $750
         Associates                          $275 - $475
         Legal Assistant, Law Clerk
           and Clerical Support               $75 - $235

To the best of the Debtor's knowledge, Adduci does not hold or
represent any interest adverse to Debtor's estate.

                       About LDR Industries

For over 75 years, Chicago-based LDR Industries and its
predecessor companies have engaged in the distribution of plumbing
products to the home improvement industry, including faucets,
showers, sinks, toilet seats and variety of other specialty lines
such as lead-free valves.

LDR Industries, LLC, sought Chapter 11 protection (Bankr. N.D.
Ill. Case No. 14-32138) in Chicago, Illinois on Sept. 2, 2014,
with plans to sell the business following a dispute with the U.S.
Customs.

The bankruptcy case is assigned to Honorable Judge Pamela S.
Hollis.  The Debtor is represented by attorneys at Reed Smith LLP.

The Chicago-based company estimated $10 million to $50 million in
assets and debt.


LDR INDUSTRIES: General Claims Bar Date Set for Dec. 1, 2014
------------------------------------------------------------
Bankruptcy Judge Pamela S. Hollis has established Dec. 1, 2014, at
11:59 p.m., as the deadline for any individual or entity to file
proofs of claim against LDR Industries, LLC.

According to the court order, the governmental unit bar date is
fixed at 11:59 p.m. on March 2, 2015.

The deadline for filing proofs of claim for any claim arising from
the rejection of an executory contract or unexpired lease is fixed
at (a) 11:59 p.m., on the 13th day after the entry of the order
rejecting executory contract or unexpired lease; or (b) the bar
date, whichever is later.

                       About LDR Industries

For over 75 years, Chicago-based LDR Industries and its
predecessor companies have engaged in the distribution of plumbing
products to the home improvement industry, including faucets,
showers, sinks, toilet seats and variety of other specialty lines
such as lead-free valves.

LDR Industries, LLC, sought Chapter 11 protection (Bankr. N.D.
Ill. Case No. 14-32138) in Chicago, Illinois on Sept. 2, 2014,
with plans to sell the business following a dispute with the U.S.
Customs.

The bankruptcy case is assigned to Honorable Judge Pamela S.
Hollis.  The Debtor is represented by attorneys at Reed Smith LLP.

The Chicago-based company estimated $10 million to $50 million in
assets and debt.


LDR INDUSTRIES: Adduci Mastriani Approved as Customs Counsel
------------------------------------------------------------
The Bankruptcy Court authorized LDR Industries, LLC, to employ
Adduci, Mastriani & Schaumberg, LLP as special customs counsel
nunc pro tunc to the Petition Date.

According to the Debtor, Adduci has extensive experience with and
knowledge of the Debtor's business and legal affairs well as its
customs and trade issues.  Adduci has represented the Debtor since
2012 in connection with customs and trade issues.

Adduci is expected to:

   a) advise the Debtor with respect to customs issues;

   b) assist and guide the Debtor in resolving any disputes with
customs in or out of Bankruptcy Court; and

   c) communicate with potential buyers about customs issues in an
effort to effectuate a successful Section 363 sale.

The head of the Adduci team for the Debtor is Munford Page Hall,
II.  Adduci's personnel with primary responsibilities in the
engagement and their hourly rates are:

         Munford Page Hall, II                  $725
         Beau Jackson                           $385
         Dana Watts' hourly rate                $325
         Paraprofessionals:
           Kelsey Curtis                        $325
           Colleen Kemp                         $200

The hourly rates of other personnel to serve in the case are:

         Partners                            $450 - $750
         Associates                          $275 - $475
         Legal Assistant, Law Clerk
           and Clerical Support               $75 - $235

To the best of the Debtor's knowledge, Adduci does not hold or
represent any interest adverse to Debtor's estate.

                       About LDR Industries

For over 75 years, Chicago-based LDR Industries and its
predecessor companies have engaged in the distribution of plumbing
products to the home improvement industry, including faucets,
showers, sinks, toilet seats and variety of other specialty lines
such as lead-free valves.

LDR Industries, LLC, sought Chapter 11 protection (Bankr. N.D.
Ill. Case No. 14-32138) in Chicago, Illinois on Sept. 2, 2014,
with plans to sell the business following a dispute with the U.S.
Customs.

The bankruptcy case is assigned to Honorable Judge Pamela S.
Hollis.  The Debtor is represented by attorneys at Reed Smith LLP.

The Chicago-based company estimated $10 million to $50 million in
assets and debt.


LDR INDUSTRIES: General Claims Bar Date Set for Dec. 1, 2014
------------------------------------------------------------
Bankruptcy Judge Pamela S. Hollis has established Dec. 1, 2014, at
11:59 p.m., as the deadline for any individual or entity to file
proofs of claim against LDR Industries, LLC.

According to the court order, the governmental unit bar date is
fixed at 11:59 p.m. on March 2, 2015.

The deadline for filing proofs of claim for any claim arising from
the rejection of an executory contract or unexpired lease is fixed
at (a) 11:59 p.m., on the 13th day after the entry of the order
rejecting executory contract or unexpired lease; or (b) the bar
date, whichever is later.

                       About LDR Industries

For over 75 years, Chicago-based LDR Industries and its
predecessor companies have engaged in the distribution of plumbing
products to the home improvement industry, including faucets,
showers, sinks, toilet seats and variety of other specialty lines
such as lead-free valves.

LDR Industries, LLC, sought Chapter 11 protection (Bankr. N.D.
Ill. Case No. 14-32138) in Chicago, Illinois on Sept. 2, 2014,
with plans to sell the business following a dispute with the U.S.
Customs.

The bankruptcy case is assigned to Honorable Judge Pamela S.
Hollis.  The Debtor is represented by attorneys at Reed Smith LLP.

The Chicago-based company estimated $10 million to $50 million in
assets and debt.


LDR INDUSTRIES: Reed Smith Approved as Bankruptcy Counsel
---------------------------------------------------------
The Bankruptcy Court authorized LDR Industries, LLC, to employ
Reed Smith LLP as bankruptcy counsel nunc pro tunc to the Petition
Date.

The Debtor is represented by:

         Stephen T. Bobo, Esq.
         Aaron B. Chapin, Esq.
         Melissa A. Mickey, Esq.
         REED SMITH LLP
         10 S. Wacker Drive, 40th Floor
         Chicago, IL 60606
         Tel: (312) 207-1000
         Fax: (312) 207-6400
         E-mail: sbobo@reedsmith.com
                 achapin@reedsmith.com
                 mmickey@reedsmith.com

                       About LDR Industries

For over 75 years, Chicago-based LDR Industries and its
predecessor companies have engaged in the distribution of plumbing
products to the home improvement industry, including faucets,
showers, sinks, toilet seats and variety of other specialty lines
such as lead-free valves.

LDR Industries, LLC, sought Chapter 11 protection (Bankr. N.D.
Ill. Case No. 14-32138) in Chicago, Illinois on Sept. 2, 2014,
with plans to sell the business following a dispute with the U.S.
Customs.

The bankruptcy case is assigned to Honorable Judge Pamela S.
Hollis.  The Debtor is represented by attorneys at Reed Smith LLP.

The Chicago-based company estimated $10 million to $50 million in
assets and debt.


LDR INDUSTRIES: Silverman Consulting Okayed as Advisor
------------------------------------------------------
The Bankruptcy Court authorized LDR Industries, LLC, to employ
Silverman Consulting as financial advisor nunc pro tunc to the
Petition Date.

According to the Debtor, it is negotiating a sale of its business
to a strategic buyer, and it anticipates filing a motion with the
Bankruptcy Court to approve a sale pursuant to section 363 of the
Code.

The Debtor expects that the sale of substantially all of its
assets will not only fully satisfy its secured creditor, JP Morgan
Chase Bank, N.A., but will leave its estate with a substantial
amount of funds to distribute to its unsecured creditors.

Michael Silverman will head a team to provide financial advisory
services, including:

   a) assisting in the preparation of the Debtor's bankruptcy
schedules and statement of financial affairs;

   b) conducting of the marketing of the Debtor's business as a
going concern to interested parties, along with supervising the
due diligence and sale process, in an effort to secure a qualified
buyer and effectuate a successful Section 363 sale; and

   c) advise the Debtor with respect to strategic options,
creditor recoveries and financial planning.

The hourly rates of Silverman's personnel range from $230 to $650.
Mr. Silverman's hourly rate is $650 and Hassaan Mansoor's hourly
rate is $230.

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

                       About LDR Industries

For over 75 years, Chicago-based LDR Industries and its
predecessor companies have engaged in the distribution of plumbing
products to the home improvement industry, including faucets,
showers, sinks, toilet seats and variety of other specialty lines
such as lead-free valves.

LDR Industries, LLC, sought Chapter 11 protection (Bankr. N.D.
Ill. Case No. 14-32138) in Chicago, Illinois on Sept. 2, 2014,
with plans to sell the business following a dispute with the U.S.
Customs.

The bankruptcy case is assigned to Honorable Judge Pamela S.
Hollis.  The Debtor is represented by attorneys at Reed Smith LLP.

The Chicago-based company estimated $10 million to $50 million in
assets and debt.


LONGVIEW POWER: Asks Court to Okay Dunkard Creek Settlement
-----------------------------------------------------------
The Associated Press reports that Longview Power, LLC, is asking
the U.S. Bankruptcy Court for the District of Delaware to approve
its settlement with the Pennsylvania Department of Environmental
Protection that would allow a subsidiary Dana Mining to continue
to discharge treated mine water into Dunkard Creek.

AP relates that under the settlement, the capacity of the Steele
Shaft Treatment Facility in Pennsylvania operated by Dana Mining
and AMD Reclamation Inc. would be increased which, according to
the Debtor, would lessen or eliminate discharges into Dunkard
Creek.  AP states that the Steele Shaft Treatment Facility pumps
water from closed mines not owned by the companies so Dana Mining
can safely mine coal reserves.  The water, says AP, is treated and
discharged into Dunkard Creek along the Mason Dixon line in
Pennsylvania and West Virginia, where the Debtor operates a coal-
fired plant.

The Debtor said in a court filing that the settlement was reached
after it entered into talks with the Pennsylvania agency to
determine an alternative means of compliance with the state's new
requirements.  The Debtor had said in a filing last week that it
would have to invest in additional treatment facilities to meet
requirements implemented by the agency since the facility got a
discharge permit in 2003.  The AP adds that in 2008, the permit
was up for renewal and was extended pending the issuance of a new
permit.

                   About Longview Power LLC

Longview Power LLC is a special purpose entity created to
construct, own, and operate a 695 MW supercritical pulverized
coal-fired power plant located in Maidsville, West Virginia, just
south of the Pennsylvania border and approximately 70 miles south
of Pittsburgh.  The project is owned 92% by First Reserve
Corporation (First Reserve or sponsor), a private equity firm
specializing in energy industry investments, through its affiliate
GenPower Holdings (Delaware), L.P., and 8% by minority interests.

Longview Power, LLC, filed a Chapter 11 (Bank. D. Del. Lead Case
13-12211) on Aug. 30, 2013.  The petitions were signed by Jeffery
L. Keffer, the Company's chief executive officer, president,
treasurer and secretary.  The Debtor estimated assets and debts of
more than $1 billion.  Judge Brendan Linehan Shannon presides over
the case.  Kirkland & Ellis LLP and Richards, Layton & Finger,
P.A., serve as the Debtors' counsel.  Lazard Freres & Company LLC
acts as the Debtors' investment bankers.  Alvarez & Marsal North
America, LLC, is the Debtors' restructuring advisors.  Ernst &
Young serves as the Debtors' accountants.  The Debtors' claims
agent is Donlin, Recano & Co. Inc.

The Debtor disclosed assets of $1,717,906,595 plus undisclosed
amounts and liabilities of $1,075,748,155 plus undisclosed
amounts.

Roberta A. DeAngelis, U.S. Trustee for Region 3, disclosed that as
of Sept. 11, 2013, a committee of unsecured creditors has not
been appointed in the case due to insufficient response to the
U.S. Trustee's communication/contact for service on the committee.


MACKEYSER HOLDINGS: Needs Until 2015 to File Liquidating Plan
-------------------------------------------------------------
Mackeyser Holdings, LLC, et al., ask the U.S. Bankruptcy Court for
the District of Delaware to extend until Jan. 16, 2015, the period
by which the Debtors have exclusive right to file a plan and until
March 17, 2015, the period by which the Debtors have exclusive
right to solicit acceptances of that plan.

The Debtors' current exclusive plan filing period will expire on
Oct. 18, and said in court papers that the remaining time is not
enough to allow them to file a plan although the Debtors have
already entered into a global settlement with the Official
Committee of Unsecured Creditors and their DIP Lenders, which
settlement provides that a Chapter 11 liquidating plan will be
filed and be effective on or before March 31, 2015.

A hearing on the extension request is scheduled for Nov. 3, 2014,
at 10:00 a.m. (ET).  Objections are due Oct. 27.

                  About MacKeyser Holdings, LLC

MacKeyser Holdings, LLC and its operating affiliates -- American
Optical Services, LLC, and Exela Hearing Services, LLC -- manage
integrated eye care and hearing systems providers with over 80
optical retail, optometry and ophthalmology locations in 14
states.  Within certain of the Company's locations, dedicated
audiology and dispensing staff conduct diagnostics, fitting and
dispensing of hearing systems.

MacKeyser Holdings, LLC, American Optical Services, Inc. and their
affiliates filed for Chapter 11 bankruptcy (Bankr. D. Del. Case
Nos. 14-11528 to 14-11550) on June 20, 2014.  David R. Hurst,
Esq., and Marion M. Quirk, Esq., at Cole, Schotz, Meisel, Forman &
Leonard, PA.  The Debtors' financial advisor is GlassRatner
Advisory & Capital Group.  The investment banker is Hammond Hanlon
Camp LLC.  The noticing and claims management agent is American
Legal Claim Services, LLC.

In its petition, MacKeyser Holdings estimated $50 million to $100
million in both assets and liabilities.

The petitions were signed by Thomas J. Allison, authorized
officer.

The U.S. Trustee for Region 3 has appointed three creditors
to serve on the official committee of unsecured creditors.


MATAGORDA ISLAND: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
Matagorda Island Gas Operations, LLC, filed with the U.S.
Bankruptcy Court for the Western District of Louisiana its
schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $40,000,000
  B. Personal Property          $850,551,080
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $7,703,599
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $18,444,176
                                 -----------      -----------
        TOTAL                   $890,551,080      $26,147,777

                       About Matagorda Island

Matagorda Island Gas Operations, LLC, filed a Chapter 11
bankruptcy petition (Bankr. W.D. La. Case No. 14-51099) in
Lafayette, Louisiana, on Sept. 3, 2014. The case is assigned to
Judge Robert Summerhays.  The Debtor has tapped Lugenbuhl,
Wheaton, Peck, Rankin & Hubbard as counsel.

In its amended petition, the Debtor said its estimated assets
range from $100,000,001 to $500,000,000, while its estimated
liabilities range from $10,000,001 to $50,000,000.


MOMENTIVE PERFORMANCE: Hires Deloitte Tax to Provide Tax Services
-----------------------------------------------------------------
Momentive Performance, et al., sought and obtained permission from
the U.S. Bankruptcy Court for Southern District of New York to
employ Deloitte Tax LLP to provide tax services, nunc pro tunc to
May 15, 2014.

Blaise Kah, a partner at Deloitte Tax, assures the Court that his
Firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code.

Deloitte Tax is expected to render various global employer tax
services (GES Services), which include:

   (a) Prepare U.S. federal, state, and local income tax
       returns for all eligible assignees identified by the
       Debtors;

   (b) Tax equalization calculations;

   (c) Foreign tax payment and refund advice; and

   (d) Assistance with tax audits and notices consistent with the
       Engagement Letter.

Deloitte Tax may also provide general tax advisory consulting
services as requested by the Debtors.

Fixed fees for the Firm's GES Services are:

       Service Classification                        Fixed Fees
       ----------------------                        ----------
       Exit/Entrance Interviews                           $600
       Tax Return-Transfer Year                         $1,650
       Tax Return- Full Year                            $1,500
       State/Provincial Tax Return                        $400
       Local Tax Return                                   $200
       Extensions                                         $200
       Amended Tax Return                                 $750
       Tax Equalization Calculation                       $500
       Hypothetical Tax Withholding Calculation           $500
       Tax Gross-Up Calculation                           $425
       Cost Projection                                    $900
       Certificate of Coverage/Soc Ins Exmpt Request      $500
       Arrival/Registration Tax Filings                   $400

Moreover, the Debtors have agreed to pay the Firm these rates for
for the Tax Advisory Services:

       Personnel Classification              Hourly Billing Rate
       ------------------------              -------------------
       Partner/Principal                                  $450
       Director                                           $425
       Senior Manager                                     $375
       Manager                                            $325
       Senior Consultant                                  $275
       Consultant                                         $200

                    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.


MONTREAL MAINE: Plan Moratorium Period Extended Until Nov. 30
-------------------------------------------------------------
The Hon. Louis H. Kornreich extended the "plan moratorium period"
in Montreal, Maine & Atlantic Railway Ltd.'s Chapter 11 case until
(a) Nov. 30, 2014; (b) 10 days after the trustee's filing of a
notice of termination of the plan moratorium period; or (c) 30
days after the service of a notice of termination of the
moratorium period in the case.

Robert J. Keach, the trustee for the Debtor, said that on Sept.
23, 2014, he filed with the Court his Chapter 11 trustee's Report
on CCAA Proceedings to alert the Court to recent filings in the
Canadian Case.  Among those filings is the motion for ninth order
extending the stay period in which MMA Canada seeks an extension
of stay period to Nov. 30, 2014.

The Canadian Court granted the motion to extend stay period on
Sept. 24, 2014, providing an extension until Nov. 24, 2014, to
permit the filing of a plan in the Canadian Case.

Given the importance of ensuring that the case and the Canadian
Case proceed on similar tracks, it is advisable that the U.S.
Court extend the moratorium period to correspond with the
extension of the Canadian Stay.

                       About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine &
Atlantic Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein, Shur, Sawyer, and Nelson,
P.A., has been named as chapter 11 trustee.  His firm serves as
his chapter 11 bankruptcy counsel, led by Michael A. Fagone, Esq.,
and D. Sam Anderson, Esq.  Development Specialists, Inc., serves
as the Chapter 11 trustee's financial advisor.  Gordian Group,
LLC, serves as the Chapter 11 Trustee's investment banker.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana served as counsel
to MM&A.  It now serves as counsel to the Chapter 11 Trustee.

Justice Martin Castonguay oversees the case in Canada.

The Canadian Transportation Agency suspended the carrier's
operating certificate after the accident, due to insufficient
liability coverage.

The town of Lac-Megantic, Quebec, has sought financial aid to
restore the gutted community and a civil complaint alleges a
failure to take steps to prevent a derailment.

In the Canadian case, Andrew Adessky at Richter Consulting has
been appointed CCAA monitor.  The CCAA Monitor is represented by
Sylvain Vauclair at Woods LLP.  MM&A Canada is represented by
Patrice Benoit, Esq., at Gowling LaFleur Henderson LLP.

The U.S. Trustee appointed a four-member official committee of
derailment victims.  The Official Committee is represented by:
Richard P. Olson, Esq., at Perkins Olson; and Luc A. Despins,
Esq., at Paul Hastings LLP.

There's also an unofficial committee of wrongful death claimants
consisting of representatives of the estates of the 46 victims.
This group is represented by George W. Kurr, Jr., Esq., at Gross,
Minsky & Mogul, P.A.; Daniel C. Cohn, Esq., at Murtha Cullina LLP;
Peter J. Flowers, Esq., at Meyers & Flowers, LLC; Jason C.
Webster, Esq., at The Webster Law Firm; and Mitchell A. Toups,
Esq., at Weller, Green Toups & Terrell LLP.

After the U.S. Trustee formed the Official Committee, the ad hoc
committee filed papers asking the U.S. Court to have the official
committee disbanded.  The ad hoc group said it represents 46
victims of the disaster.

On Jan. 23, 2014, the Debtors won authorization to sell
substantially all of their assets to Railroad Acquisition Holdings
LLC, an affiliate of New York-based Fortress Investment Group, for
$15.7 million.  The Bankruptcy Courts in the U.S. and Canada
approved the sale.  The Fortress unit is represented by Terence M.
Hynes, Esq., and Jeffrey C. Steen, Esq., at Sidley Austin LLP.

On Jan. 29, 2014, an ad hoc group of wrongful-death claimants
submitted a plan, which would give 75% of the $25 million in
available insurance to the families of those who died after an
unattended train derailed in Lac-Megantic, Quebec, in July.  The
other 25% would be earmarked for claimants seeking compensation
for property that was damaged when much of the town burned.
Former U.S. Senator George Mitchell, a Democrat who represented
Maine in the U.S. Senate from 1980 to 1995 and who is now chairman
emeritus of law firm DLA Piper LLP, would administer the plan and
lead the effort to wrap up MM&A's Chapter 11 bankruptcy.

As reported by the Troubled Company Reporter on April 3, 2014,
Judge Kornreich ruled that the unofficial committee of wrongful
death claimants and its counsel have failed to comply with Rule
2019 of the Federal Rules of Bankruptcy Procedure, and as a result
of that failure, the Unofficial Committee and its counsel will not
be heard on any pending matter in the case.

As reported by the TCR on April 11, 2014, Judge Kornreich rejected
the disclosure statement for the Plan filed by the ad hoc group of
wrongful-death claimants, holding that the Plan is flawed and
unconfirmable.


MSI CORPORATION: Says Primary Issue on Plan Is Feasibility
----------------------------------------------------------
MSI Corporation, Inc., asked the Bankruptcy Court to adjourn the
Plan confirmation hearing for 45 days and treat the scheduled Oct.
7 confirmation hearing as a status conference.

According to the Debtor, its counsel needs to address any concerns
of the Court or other parties-in-interest.

As of Sept. 29, 2014, the Debtor has received multiple votes in
favor of the Plan and no votes rejecting the Plan.  Accordingly,
the Debtor believes the primary issue for Plan confirmation will
likely be feasibility.

The Debtor relates that one of Plan risks is the possibility of
significant changes in business and, in particular, the loss of
one or more significant customers.

Additionally, the delays in negotiation and communication with one
of its largest customers has been delayed due to unexpected life
events involving key members of MSI's management, including, but
not limited to, an unexpected surgery.

The Debtor submits that a 45-day adjournment of the confirmation
hearing should be sufficient to enable the Debtor to address the
contract issues and better posture it for emergence from Chapter
11.

                             The Plan

As reported in the Troubled Company Reporter on Sept. 22, 2014,
the Debtor has filed a Plan that proposes pay 100% of all allowed
claims of creditors and claimants.

Bankruptcy Judge Jeffery A. Deller has approved the Disclosure
Statement accompanying the Plan of Reorganization dated July 18,
2014, and has allowed the Debtor to begin soliciting votes on the
Plan.

The Disclosure Statement, as amended, notes that the estimated
pool of General Unsecured Claims does not account for the
contingent and unliquidated Claims of the Commonwealth of
Pennsylvania - Department of Community and Economic Development or
the Westmoreland County Industrial Development Corporation.  The
claims may arise in relation to a 2009 grant provided by the
Commonwealth to applicant Westmoreland for assistance in an amount
not to exceed $1,250,000 for the construction of road improvements
that benefitted the Debtor, Contract # C000044971.

In connection with the grant, the Debtor was required to make
certain capital expenditures and hire 50 employees within five
years.  Due to circumstances beyond the Debtor's control, the
Debtor was unable to hire the required amount of employees by the
end of the five-year term.  As a result, the Commonwealth and
Westmoreland may have recourse against the Debtor and could
potentially assert Claims against the Debtor in relation to the
grant.

If asserted, the Claims could be as high as the amount of the
grant, although the Debtor disputes the propriety and validity of
that Claim/recourse.  The Department of Community and Economic
Development has other options available to it as well, including
asserting a small Claim, waiving all Claims or extending the time
by which the Debtor must hire 50 new employees.

The Plan does not contemplate the allowance of a Claim relating to
the grant.  The assertion and allowance of a significant claim by
the Commonwealth or Westmoreland would create greater cash demands
on the Debtor and could impair its ability to implement or
consummate its Plan, asserts Michael J. Roeschenthaler, Esq., at
McGuireWoods LLP, in Pittsburgh, Pennsylvania.

A black-lined copy of the Disclosure Statement, as amended, is
available at no extra charge at:

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

The Debtor is represented by:

         Michael J. Roeschenthaler, Esq.
         McGUIREWOODS LLP
         625 Liberty Avenue, 23rd Floor
         Pittsburgh, PA 15222
         Tel: (412) 667-6000
         Fax: (412) 667-6050
         E-mail: mroeschenthaler@mcguirewoods.com

                         About MSI Corp.

MSI Corporation filed a bare-bones Chapter 11 petition (Bankr.
W.D. Pa. Case No. 13-22457) in Pittsburgh on June 7, 2013.  Judge
Jeffery A. Deller presides over the case.  The Vandergrift,
Pennsylvania-based company estimated at least $10 million in
assets and less than $10 million in liabilities.

Albert's Capital Services LLC is the Debtor's chief restructuring
officer.  Michael J. Roeschenthaler, Esq., and Scott E. Schuster,
Esq., at McGuireWoods LLP, in Pittsburgh, serve as the Debtor's
counsel.  Geary & Loperfito LLC serves as special counsel.

No unsecured creditors was formed because no one responded to the
U.S. Trustee's communication for service on the committee.


MVB HOLDING: Has Until Oct. 17 to File Schedules and Statements
---------------------------------------------------------------
The Bankruptcy Court extended until Oct. 17, 2014, MVB Holding,
LLC's time to file its schedules of assets and liabilities and
statement of financial affairs.

MVB Holding, LLC, in Biloxi, Mississippi, filed a Chapter 11
bankruptcy petition (Bankr. S.D. Miss. Case No. 14-51430) on
Sept. 16, 2014.  MVB owns the Margaritaville casino in Biloxi.

Judge Katharine M. Samson presides over the case.  Robert Alan
Byrd, Esq., at Byrd & Wiser, serves as the Debtor's counsel.  In
its petition, MVB estimated $10 million to $50 million in assets
and liabilities.  The petition was signed by Doug Shipley as
president/CEO.


MVB HOLDING: Taps Byrd & Wiser to Assist in Reorganization Case
---------------------------------------------------------------
MVB Holding, LLC, asks the Bankruptcy Court for permission to
employ Byrd & Wiser as legal counsel to assist it in all phases
and aspects concerning the Chapter 11 proceeding.  The Debtor
proposes to pay Byrd & Wiser's at an hourly rate of $350.

MVB Holding, LLC, in Biloxi, Mississippi, filed a Chapter 11
bankruptcy petition (Bankr. S.D. Miss. Case No. 14-51430) on
Sept. 16, 2014.  MVB owns the Margaritaville casino in Biloxi.

Judge Katharine M. Samson presides over the case.  Robert Alan
Byrd, Esq., at Byrd & Wiser, serves as the Debtor's counsel.  In
its petition, MVB estimated $10 million to $50 million in assets
and liabilities.  The petition was signed by Doug Shipley as
president/CEO.


NEW ENGLAND COMPOUNDING: MDL Stayed as to Insiders et al
--------------------------------------------------------
Paul D. Moore, the Chapter 11 trustee of New England Compounding
Pharmacy, Inc. d/b/a New England Compounding Center, has entered
into three settlement agreements resolving potential claims
against various parties in exchange for, among other things,
substantial contributions of assets and cash to the NECC
bankruptcy estate. The Settlements have been approved in NECC's
pending Chapter 11 case by the U.S. Bankruptcy Court for the
District of Massachusetts.

In accordance with the Settlements, the Trustee filed a Motion for
Entry of an Order Limiting Discovery and Staying These Proceedings
with Respect to NECC Insiders and Related Settling Parties,
seeking to stay multidistrict litigation proceedings, and limit
discovery therein, with respect to:

     (i) the parties defined in the Plan Support and Funding
Agreement dated May 2, 2014, executed by the Trustee and certain
insiders of NECC -- Insiders Settlement Agreement -- as
"Contributors" and as "Contributor and Affiliate Released
Parties".  The "Contributors" are Barry Cadden, Lisa Cadden, Carla
Conigliaro, and Gregory Conigliaro;

    (ii) NECC's affiliated landlord, GDC Properties Management,
LLC; and

   (iii) their respective insurers, Preferred Mutual Insurance
Company, Pharmacists Mutual Insurance Company, and Maxum Indemnity
Company, who have settled with the Trustee in the pending chapter
11 case.

Both the Official Committee of Unsecured Creditors appointed in
NECC's Chapter 11 case and the Plaintiffs' Steering Committee
appointed in the MDL proceedings are in favor of the terms of the
Insiders Settlement Agreement, including the relief requested by
the Trustee in the Motion.  The Unsecured Committee and the
Steering Committee have executed an Addendum to Plan Support and
Funding Agreement dated May 2, 2014.

In an Oct. 9 Order, District Judge Rya W. Zobel granted the
Trustee's motion.  The Court held that the MDL proceedings are
stayed, effective immediately, with respect to the Settling
Parties.

A copy of Judge Zobel's Order is available at http://is.gd/ly6I9y
from Leagle.com.

A copy of the Court's Memorandum of Decision is available at
http://is.gd/0CEwrxfrom Leagle.com.

The case is, IN RE NEW ENGLAND COMPOUNDING PHARMACY, INC.,
PRODUCTS LIABILITY LITIGATION, MDL NO. 13-02419-RWZ (D. Mass.).

             About New England Compounding Pharmacy

New England Compounding Pharmacy Inc., filed a Chapter 11 petition
(Bankr. D. Mass. Case No. 12-19882) in Boston on Dec. 21, 2012,
after a meningitis outbreak linked to an injectable steroid,
methylprednisolone acetate ("MPA"), manufactured by NECC, killed
39 people and sickened 656 in 19 states, though no illnesses have
been reported in Massachusetts.  The Debtor owns and operates the
New England Compounding Center is located in Framingham, Mass.  In
October 2012, the company recalled all its products, not just
those associated with the outbreak.

Paul D. Moore, Esq., at Duane Morris LLP, in Boston, has been
appointed as Chapter 11 Trustee of NECC.  He is represented by
Jeffrey D. Sternklar, Esq., at DUANE MORRIS LLP.

An Official Committee of Unsecured Creditors appointed in the case
has been represented by BROWN RUDNICK LLP's William R. Baldiga,
Esq., Rebecca L. Fordon, Esq., Jessica L. Conte, Esq., and David
J. Molton, Esq.


NEW ENTERPRISE: Has $10.75-Mil. Net Income in Aug. 31 Quarter
-------------------------------------------------------------
New Enterprise Stone & Lime Co., Inc., filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q, disclosing a net income of $10.75 million on $247.57 million
of total revenue for the three months ended Aug. 31, 2014,
compared with a net income of $8.53 million on $242.36 million of
total revenue for the same period in the prior year.

The Company's balance sheet at Aug. 31, 2014, showed $786.38
million in total assets, $904.32 million in total liabilities and
total stockholders' deficit of $117.94 million.

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

                       http://is.gd/Dard1o

New Enterprise Stone & Lime, Co., Inc. ("New Enterprise") is a
privately held, vertically-integrated construction materials
supplier, heavy/highway construction contractor, and traffic
safety services and equipment provider. The company operates 57
quarries and sand deposits, 30 hot mix asphalt plants, 17 fixed
and portable ready mixed concrete plants, three concrete
production plants, three lime distribution centers, six
construction supply centers, and in its traffic safety equipment
segment - five manufacturing facilities and a national network of
sales offices. New Enterprise's operations are primarily
concentrated in Pennsylvania and Western New York, with reach into
the adjacent states including Maryland, West Virginia, and
Virginia. New Enterprise's traffic safety services and equipment
business sell products nationally and sells services primarily in
the eastern United States. In fiscal year 2014 ending February 28,
2014, the company generated $682 million in revenues and
$50 million in adjusted EBITDA.


NNN PARKWAY: Cases Dismissed; U.S. Trustee Fees Must Be Paid
------------------------------------------------------------
At the behest of the U.S. Trustee, the Bankruptcy court dismissed
the NNN PARKWAY 400 26, LLC, et al.'s administratively
consolidated cases.  Dismissal was granted despite opposition by
the Debtors.

The Court directed that each of the Debtors' cases is dismissed
with judgments for unpaid U.S. Trustee quarterly fees as:

NNN Parkway 400 26, LLC            --   $324
NNN Parkway 400 2, LLC             --   $976
NNN Parkway 400 3, LLC             -- $1,952
NNN Parkway 400 4, LLC             --   $976
NNN Parkway 400 5, LLC             --   $976
NNN Parkway 400 6, LLC             --   $976
NNN Parkway 400 7, LLC             --   $976
NNN Parkway 400 8, LLC             --   $976
NNN Parkway 400 9, LLC             --   $976
NNN Parkway 400 11, LLC            --   $976
NNN Parkway 400 12, LLC            --   $976
NNN Parkway 400 13, LLC            --   $976
NNN Parkway 400 14, LLC            --   $976
NNN Parkway 400 15, LLC            --   $976
NNN Parkway 400 16, LLC            --   $976
NNN Parkway 400 17, LLC            --   $976
NNN Parkway 400 18, LLC            --   $976
NNN Parkway 400 19, LLC            --   $976
NNN Parkway 400 20, LLC            --   $976
NNN Parkway 400 22, LLC            --   $976
NNN Parkway 400 23, LLC            --   $976
NNN Parkway 400 25, LLC            --   $976
NNN Parkway 400 28, LLC            --   $976
NNN Parkway 400 29, LLC            --   $976
NNN Parkway 400 30, LLC            --   $976
NNN Parkway 400 31, LLC            --   $976
NNN Parkway 400 35, LLC            --   $976
NNN Parkway 400 32, LLC            --   $976
NNN Parkway 400 33, LLC            --   $976
NNN Parkway 400 10, LLC            --   $976

The Court will retain jurisdiction to consider these:

   a) allowance of final applications for compensation brought
pursuant to Section 330 and 331 of the Bankruptcy Code.

   b) determination of whether any cash collateral proceeds of
WBCMT 2007-C31 Amberpark Office Limited Partnership must be
surcharged pursuant to Section 506(c) of the Bankruptcy Code.

                   About NNN Parkway 400 26 LLC

NNN Parkway 400 26, LLC, filed a bare-bones Chapter 11 petition
(Bankr. C.D. Calif. Case No. 12-24593) in Santa Ana, California,
on Dec. 31, 2012.  Dana Point, California-based NNN Parkway
estimated assets and debts of $10 million to $50 million.  The
Hon. Judge Theodor Albert presides over the case.  The Law
Office of Christine E. Baur, and David A. Lee, Esq., at Weiland,
Golden, Smiley, Wang Ekvall & Strok, LLP, represent the Debtor.

Pre-petition, the Debtors retained HighPoint Management Solutions,
LLC, a bankruptcy consulting company, as a manager of the Debtors,
and HighPoint's President, Mr. Mubeen Aliniazee, as the Debtors'
Restructuring Officer, to assist the Debtors in their compliance
with the Chapter 11 bankruptcy process.

The Debtors' primary asset is a commercial real property commonly
known as Parkway 400, which is a two-building office campus
totaling approximately 193,281 square feet located at 11720 Amber
Park Drive and 11800 Amber Park Drive, Alpharetta, Georgia.  The
Debtors hold a concurrent ownership interest in the Property with
other tenant-in-common investors and the sponsor, NNN Parkway 400,
LLC.

In January 2014, Judge Albert issued an Amended Memorandum of
Decision denying confirmation of the Chapter 11 plan of NNN
Parkway 400 26 LLC and its 30 debtor affiliates, and granting the
lender relief from the automatic stay.  A copy of Judge Albert's
Jan. 28, 2014 Amended Memorandum of Decision is available at
http://is.gd/36UOTofrom Leagle.com.


NORANDA ALUMINUM: S&P Lowers CCR to 'B-'; Outlook Stable
--------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Franklin, Tenn.-based Noranda Aluminum Holding Corp. to
'B-' from 'B'.  The outlook is stable.

S&P also lowered its issue ratings on subsidiary Noranda Aluminum
Acquisition Corp.'s term loan to 'B-' from 'B' and unsecured notes
to 'CCC' from 'CCC+'.  S&P's recovery rating of '3' on the term
loan and '6' on the notes are unchanged.  The '3' recovery rating
indicates S&P's expectation of meaningful (50% to 70%) recovery of
principal and the '6' recovery rating indicates S&P's expectation
of negligible (0% to 10%) recovery of principal in the event of
payment default.

"The lower rating reflects our expectation that cash flow from
operations in 2014 and 2015 will continue to be insufficient to
finance capital spending, necessitating a drawdown of cash
balances or revolving credit facility borrowing," said Standard &
Poor's credit analyst Gail Hessol.  "We also believe the company's
adjusted leverage will generally be sustained above 5x, consistent
with our 'highly leveraged' assessment of its financial risk
profile," said Ms. Hessol.

S&P's base-case expectation is that leverage will be about 8x at
the end of 2014 with improvement projected in 2015 based mainly on
higher aluminum prices.

S&P's "vulnerable" assessment of Noranda's business risk profile
is unchanged.  It reflects the company's participation in the
highly cyclical aluminum industry, the limited scope and
concentration of its operations, and its exposure to relatively
high and variable energy costs.  Noranda is an integrated aluminum
company, producing bauxite, alumina, primary aluminum, and flat-
rolled aluminum products.  With only one mine site, one refinery,
and one smelter, its financial results could be severely affected
by a disruption at one of its key facilities.  The company's
output is tilted toward commodities and commodity-like products
with limited differentiation.  S&P believes overall profitability
is very sensitive to volatile LME aluminum prices and the Midwest
price premium; the flat-rolled segment is more stable but still
subject to cyclical fluctuations in demand from consumer durables,
transportation, and other end markets.

S&P assess Noranda's liquidity as "adequate."  The stable outlook
on Noranda is based on S&P's expectation that EBITDA will remain
volatile, with significant improvement likely in 2015 and 2016,
enabling a meaningful reduction in debt leverage.  S&P also
expects the company to maintain "adequate" liquidity, including a
combination of cash and revolving credit facility availability in
excess of $100 million.

S&P could raise its rating if aluminum prices are sustained at a
higher level than S&P expects, allowing Noranda to deleverage more
substantially than S&P's base-case indicates, and it is confident
the company can consistently generate FOCF.

S&P could lower its rating if it concludes the company's capital
structure is not sustainable, possibly as a result of depressed
aluminum prices for an extended period of time or a sharp increase
in energy costs.  This scenario would likely be associated with
impaired liquidity.


NRG YIELD: S&P Assigns 'BB+' CCR & Rates $500MM Notes 'BB+'
-----------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB+' corporate
credit rating to NRG Yield Inc. The outlook is stable.  At the
same time, S&P assigned its 'BB+' issue-level rating to subsidiary
NRG Yield Operating LLC's $500 million 5.375% senior unsecured
notes due 2024.  The recovery rating on this debt is '3',
indicating that lenders can expect meaningful (50% to 70%)
recovery if a default occurs.

The ratings on NRG Yield reflect its 'bb+' stand-alone credit
profile (SACP).  Because of the number of operating projects and
structural subordination of debt at the NRG Yield level, S&P bases
the rating on the application of its project developer
methodology.  The developer methodology assesses the quality of
distributions from each project to the YieldCo, which provides the
means to support its parent-level debt.  The weighted average
quality of cash flow (QCF) score of the distributions reflects
S&P's opinion of the dividend stream's volatility (Standard &
Poor's QCF scale ranges from '1' to '10', with '1' the most stable
and '10' the most volatile).  S&P has assigned a QCF score of '6'
to the weighted average distributions flowing up to NRG Yield.

While a pipeline of right-of-first-offer (ROFO) assets from parent
NRG Energy Inc. and the long-term contracted nature of Yield's
existing portfolio with investment-grade counterparties will
result in steadily growing distributions, S&P believes that the
portfolio's smaller size relative to peers, aggressive growth
trajectory, an unestablished financial policy, and the fact that
renewables growth relies heavily on federal subsidies detract from
credit.  The YieldCo structure, which gives management incentives
to pay out most of its cash flow after interest and mandatory
capital spending to unitholders each quarter, is another credit
consideration.  Also, NRG Yield's material dependence on dividends
from assets with significant structurally senior project-level
debt weighs negatively on credit.

The stable outlook on NRG Yield reflects S&P's expectation for
minimal merchant price risk and debt to EBITDA that ranges between
3.5x and 4x.

"Because NRG Yield's debt is structurally subordinate to operating
level debt, we expect the company to maintain long-term amortizing
project debt matching the length of power purchase agreements and
nonrecourse to NRG Yield," said Standard & Poor's credit analyst
Aneesh Prabhu.

Specifically, S&P would expect project-level debt to be sized
based on a 1.35x to 1.4x debt service coverage ratio for bank debt
and investment grade-type measures for projects similar in nature
to Thermal, GenConn, and CVSR.  Although S&P's ratings on NRG
Yield are insulated from the effects of parent NRG Energy, they
are not isolated.

S&P would lower its ratings on NRG Yield if ratings of parent NRG
were to decline.  Apart from a reassessment of NRG Energy's group
credit profile, S&P could lower the ratings on NRG Yield if the
company begins to assume more significant merchant price risk,
makes forays into riskier ventures that cause deterioration in its
QCF profile, or if credit measures weaken such that debt to EBITDA
rises above 4.5x.

In the absence of a track record of disciplined growth, S&P do not
foresee a ratings upgrade in the medium term.  Ratings are also
not isolated from parent NRG Energy.  Absent an upgrade of NRG
Energy's group credit profile, S&P would also not envision
upgrading NRG Yield because of the link between the two companies.


PALM BEACH COMMUNITY: New River to Appraise Palm Beach Gardens
--------------------------------------------------------------
Bankruptcy Judge Erik P. Kimball authorized Palm Beach Community
Church, Inc., to employ S. James Akers and New River Appraisal,
P.A., as appraiser.

The appraiser will prepare an appraisal of the Debtor's real
property located at 4901 PGA Boulevard, Palm Beach Gardens, in
Palm Beach County, Florida.  The real property includes improved
property, Tract 1 of Borland Center, and adjacent unimproved
property located in the Midtown Palm Beach Gardens development
addressed as 4885 PGA Boulevard, Palm Beach Gardens, Florida.

The Debtor is authorized to pay the appraisal fee of $6,000.  if
it become necessary for the appraiser to appear for expert witness
testimony, deposition or the like, the Debtor is authorized to pay
the appraiser an hourly fee of $135, payable after application and
hearing.

The appraiser can be reached at:

         James Akers
         NEW RIVER APPRAISAL, P.A.
         1932 N.E. 31st Avenue
         Fort Lauderdale, FL 33305
         Tel: (954)566-2641
         E-mail: sja@newriverfl.com

                   About Palm Beach Community

Palm Beach Community Church, Inc., filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 13-35141) on Oct. 20, 2013.  The
petition was signed by Raymond Underwood as president.  The Debtor
scheduled total assets of $14.6 million and total liabilities of
$11.43 million.

Palm Beach Community Church won permission to employ Robert C.
Furr and the law firm of Furr and Cohen, P.A., as attorney; and
Roy Wiley and Covenant Financial, Inc. dba SmartPlan Financial
Services as accountants.

In December 2013, the U.S. Trustee informed the Bankruptcy Court
that it was unable to appoint a committee of creditors in the
case.


PALM BEACH COMMUNITY: Aucamp Dellenback Approved as Appraiser
-------------------------------------------------------------
Bankruptcy Judge Erik P. Kimball authorized Palm Beach Community
Church, Inc. to employ Douglas S. Whitney, MAI and Aucamp,
Dellenback & Whitney as appraiser.

As reported in the Troubled Company Reporter on Sept. 23, 2014,
the appraiser will assist the Debtor's to estimate the market
value, disposition value and liquidation value of the fee simple
interest in the Debtor's property located at 4901 PGA Boulevard,
Palm Beach Gardens in Palm Beach County, Florida.  The real
property includes improved property, Tract 1 of Borland Center,
and adjacent unimproved property located in the Midtown Palm Beach
Gardens development addressed, as 4885 PGA Boulevard, Palm Beach
Gardens, Florida.

The order also provides that the Debtor is authorized to pay the
appraisal fee of $4,400.  If it becomes necessary for the
appraiser to appear for expert witness testimony, deposition or
the like, the Debtor is authorized to pay the appraiser an hourly
fee of $200, payable after application and hearing.

To the best of the Debtor's knowledge, the firm does not represent
interest adverse to the estate.

                   About Palm Beach Community

Palm Beach Community Church, Inc., filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 13-35141) on Oct. 20, 2013.  The
petition was signed by Raymond Underwood as president.  The Debtor
scheduled total assets of $14.6 million and total liabilities of
$11.43 million.

Palm Beach Community Church won permission to employ Robert C.
Furr and the law firm of Furr and Cohen, P.A., as attorney; and
Roy Wiley and Covenant Financial, Inc. dba SmartPlan Financial
Services as accountants.

In December 2013, the U.S. Trustee informed the Bankruptcy Court
that it was unable to appoint a committee of creditors in the
case.


PALMETTO INVESTMENTS: Mich. Court Okays Appointment of Receiver
---------------------------------------------------------------
E.D. Michigan District Judge Marianne O. Battani granted the
request of the United States Securities and Exchange Commission
for a Temporary Restraining Order and for Appointment of a
Receiver against the Estate of Vincent James Saviano and Palmetto
Investments, LLC.  A copy of the Court's Oct. 9 Order is available
at http://is.gd/RTtb76from Leagle.com.

The case is, UNITED STATES SECURITIES AND EXCHANGE COMMISSION,
Plaintiff, v. The Estate of VINCENT JAMES SAVIANO and PALMETTO
INVESTMENTS, LLC, Defendants, CASE NO. 2:14-CV-13902-MOB-MKM (E.D.
Mich.).


PICHI'S INC: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Pichi's Inc.
           aka Best Western Pichi's Hotel
        PO Box 560115
        Guayanilla, PR 00656

Case No.: 14-08441

Chapter 11 Petition Date: October 13, 2014

Court: United States Bankruptcy Court
       District of Puerto Rico (Ponce)

Debtor's Counsel: Modesto Bigas Mendez, Esq.
                  BIGAS & BIGAS LAW OFFICE
                  P.O. Box 7462
                  Ponce, PR 00732
                  Tel: 787 844-1444
                  Fax: 787-842-4090
                  Email: modestobigas@yahoo.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Luis A Emmanuelli Maldonado, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb14-08441.pdf


PRETTY GIRL: Balks at Committee Bid to Tap Moses & Singer, Wilk
---------------------------------------------------------------
Pretty Girl, Inc., filed an objection to the Official Committee of
Unsecured Creditors' proposal to retain (i) Moses & Singer LLP as
its counsel; and (ii) Wilk Auslander LLP as its conflicts counsel.

According to the Debtor, on July 15, 2014, the U.S. Trustee for
Region 2 appointed the Committee and on that date, the Committee
chose Cooley LLP as its proposed counsel.  Thereafter, Cooley
learned that it also represented the Debtor's prepetition secured
lender, JPMorgan Chase Bank NA, in matters unrelated to the Debtor
and, consequently, had a conflict of interest.

Cooley was informed by the Bank that it would not waive such
conflict.  As a result, Cooley withdrew as proposed counsel to the
Committee.

In this relation, the Committee chose Moses & Singer to represent
it.  On Sept. 3, M&S informed the Debtor and its counsel that it
also had a conflict with the Bank.  However, unlike Cooley LLP,
which withdrew, M&S did not, instead advised the Committee to
retain Wilk Auslander LLP as proposed conflicts counsel.

The Debtor asserts that in light of the magnitude of the Bank's
secured claim, most, if not all, matters will involve the Bank.
Because Moses & Singer is disqualified from advising the Committee
on matters relating to the largest creditor in the case and has
requested that conflicts counsel fill that void, a co-counsel
arrangement in which both general bankruptcy counsel and conflicts
counsel will each bear substantial responsibilities in the case.

In the Committee's application, it stated that the hourly rates of
M&S' personnel are:

         Partners              $465 - $990
         Of Counsel            $375 - $725
         Associates            $260 - $525
         Paralegals            $240 - $260

Personnel who will be primarily responsible for the engagement
are: (i) James Sullivan, a partner who will limit his hourly rate
to $695 until 2014; and (ii) associates Christopher Gresh who will
limit his hourly rate to $480 until 2014, and Robert McFarlane,
who will limit his hourly rate to $260 until 2014.

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

M&S disclosed that it represents the Debtor's secured creditor
JPMorgan Chase, with respect to matters unrelated to the Debtor's
case.

M&S can be reached at:

         James M. Sullivan, Esq.
         Christopher R. Gresh, Esq.
         MOSES & SINGER LLP
         The Chrysler Building
         405 Lexington Avenue
         New York, NY 10174
         Tel: (212) 554-7800
         Fax: (212) 554-7700

The Debtor's counsel can be reached at:

         Nancy L. Kourland, Esq.
         ROSEN & ASSOCIATES, P.C.
         747 Third Avenue
         New York, NY 10017-2803
         Tel: (212) 223-1100

                      About Pretty Girl, Inc.

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.


PRETTY GIRL: Panel Taps CBIZ Accounting as Financial Advisor
------------------------------------------------------------
The Official Committee of Unsecured Creditors in the case of
Pretty Girl, Inc. asks permission from the U.S. Bankruptcy for the
Southern District of New York to retain CBIZ Accounting, Tax &
Advisory of New York, LLC and CBIZ, Inc. as its financial
advisors.

As financial advisors to the Creditors Committee, CBIZ Accounting
is expected to provide these services:

   a. Assist the Committee in its evaluation of the Debtor's
      postpetition cash flow and/or other projections and budgets
      prepared by the Debtor or its financial advisor;

   b. Monitor the Debtor's activities regarding cash expenditures
      and general business operations subsequent to the filing of
      the petition under chapter 11; and

   c. Assist the Committee in its review of the monthly operating
      reports submitted by the Debtor or its financial advisor.

The Firm's standard rates are:

    Professional                      Hourly Rates
    ------------                      ------------
    Director & Managing Director      $420 to $725/hour
    Managers & Senior Managers        $305 to $420/hour
    Senior Associates & Staff         $150 to $335/hour

Charles Berk -- cberk@cbiz.com -- as lead managing director at
CBIZ Accounting assures the Court that his Firm is a
"disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code.

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.


RB ENERGY: Seeks Creditor Protection Under CCAA
-----------------------------------------------
RB Energy Inc. on Oct. 13 disclosed that, in light of the
Company's current financial situation, to facilitate an orderly
restructuring of its business and operations, the Board of
Directors of the Company has approved a filing on Oct. 14 for an
Initial Order to commence proceedings under the Companies'
Creditors Arrangement Act from the Quebec Superior Court.  The
terms and conditions of the restructuring have not yet been
determined.

The Company expects that the Initial Order will provide that while
the Company and its subsidiaries are under CCAA protection, all
proceedings on the part of their creditors will be stayed.  The
Company will provide further updates as developments occur.

                     About RB Energy Inc.

RBI is a Canadian company formed pursuant to the arrangement
involving Sirocco Mining Inc. and Canada Lithium Corp.  It
currently owns Aguas Blancas, an iodine producing mine in northern
Chile, and the Qu'bec Lithium Project near Val d'Or, the
geographical heart of the Qu'bec mining industry.


RESIDENTIAL CAPITAL: Dist. Judge Tosses Jackson Claim Appeal
------------------------------------------------------------
Carla Jackson appeals, pro se, from an order of the U.S.
Bankruptcy Court for the Southern District of New York (Glenn, J.)
disallowing and expunging her proof of claim.  Jackson appears to
allege that GMAC Mortgage, LLC acquired her mortgage note through
false documentation, forged signatures, and "identity theft." The
bankruptcy court held that Jackson's claims were barred by
judicial estoppel and lacked merit.  In an Oct. 9, 2014 Memorandum
Opinion and Order available at http://is.gd/EakKlEfrom
Leagle.com, District Judge John G. Koeltl dismissed the appeal for
lack of jurisdiction.

                   About Residential Capital

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

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

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

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

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

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

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

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


REVEL AC: Bonnie Glantz Fatell Named as New Privacy Ombudsman
-------------------------------------------------------------
Roberta A. DeAngelis, U.S. Trustee for the District of New Jersey,
appointed

         Bonnie Glantz Fatell, Esq.
         BLANK ROME, LLP
         1201 Market Street, Suite 800
         Wilmington, DE 19801
         Tel: (302) 425-6423
         Fax: (302) 428-5110

as the successor consumer privacy ombudsman in the Chapter 11
cases cases of Revel AC, Inc., et al., as a result of the
Sept. 15, 2014, resignation of Luis Salazar, Esq.

The consumer privacy ombudsman may appear and be heard at the
hearing and will provide to the court information to assist the
court in its consideration of the facts, circumstances, and
conditions of the proposed sale or lease of personally
identifiable information under Section 363 (b)(1)(B).

A consumer privacy ombudsman will not disclose any personally
identifiable information obtained by the ombudsman under the
title.

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

In a separate filing, the U.S. Trustee vacated the appointment of
Mr. Salazar as consumer privacy ombudsman based on his disclosure
of a conflict and resulting resignation.

                          About Revel AC

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

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

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

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

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

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

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


REVEL AC: Wants Oct. 28 Fixed as Administrative Expense Bar Date
----------------------------------------------------------------
Revel AC, Inc., asks the Bankruptcy Court to establish Oct. 28,
2014, at 5:00 p.m., as the deadline for the filing of requests for
Pre-October Administrative Expense Claims arising between the
Petition Date and Sept. 30, 2014.

According to the Debtor, after the shutdown date (Sept. 2, 2014),
the Debtors provided patrons with nearly a month to redeem their
outstanding slot vouchers and unredeemed chips.  As of the
expiration of the redemption period on Sept. 30, there were
approximately $212,000 in outstanding slot vouchers and $559,000
in unredeemed chips.

Pursuant to the Shutdown Plan, holders of the outstanding slot
vouchers and unredeemed chips must now pursue their claims
relating to such vouchers and chips in the Chapter 11 cases.

                          About Revel AC

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

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

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

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

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

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

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


REVEL AC: Withdraws Bid to Employ Cooper Levenson as Counsel
------------------------------------------------------------
Revel AC, Inc., et al., notified the Bankruptcy Court of their
withdrawal of application to employ Cooper Levenson, P.A., as non-
bankruptcy counsel.

On Sept. 22, Roberta A. DeAngelis, U.S. Trustee for Region 3,
objected to the Debtor's motion to employ non-bankruptcy legal
professional, stating that during the pendency of the cases,
Cooper was representing both the Debtor and an unsuccessful
purchaser of the Debtors' assets.  The retention application was
filed only after the conclusion of Cooper's representation of the
unsuccessful purchaser.

According to the U.S. Trustee, Cooper's dual representation of the
Debtor and the unsuccessful purchaser is an adverse interest.

The Debtors are represented by:

         Michael J. Viscount, Jr., Esq.
         Raymond M. Patella, Esq.
         FOX ROTHSCHILD LLP
         1301 Atlantic Avenue, Suite 400
         Atlantic City, NJ 08401
         Tel: (609) 348-4515
         Fax: (609) 348-6834
         E-mail: mviscount@foxrothschild.com
                 rpatella@foxrothschild.com

                 - and ?

         WHITE & CASE LLP
         John K. Cunningham, Esq., Esq.
         Richard S. Kebrdle, Esq., Esq.
         Kevin M. McGill, Esq., Esq.
         Southeast Financial Center
         200 South Biscayne Blvd., Suite 4900
         Miami, FL 33131
         Tel: (305) 371-2700
         Fax: (305) 358-5744
         E-mail: jcunningham@whitecase.com
                 rkebrdle@whitecase.com
                 kmcgill@whitecase.com

                          About Revel AC

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

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

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

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

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

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

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


RURAL/METRO CORP: Judge Imposes Additional $76MM Fine on RBC
------------------------------------------------------------
Reynolds Holding, writing for The New York Times' DealBook,
reported that a judge has said shareholders of ambulance operator
Rural/Metro Corp. deserved an extra $76 million in penalty.  The
DealBook relates that when advising the company on its $440
million sale in 2011, RBC Capital Markets was also pitching to
finance the buyer, the private equity firm Warburg Pincus LLC.

As previously reported by The Troubled Company Reporter, J. Travis
Laster, a vice chancellor in Delaware's business court, ruled in
March that RBC was so eager for fees from the sale of Rural/Metro
that it steered the company into a quick sale to Warburg Pincus at
a price that wasn't fair to Rural/Metro shareholders.  The judge
said Rural/Metro was worth more than Warburg was willing to pay,
but to get the deal done RBC revised its valuation downward to
make a lower offer appear worth taking.

Lizz Hoffman, writing for Daily Bankruptcy Review, said the recent
ruling in Rural/Metro's case is one of the largest damages ruling
against a bank for its deal advice.

                      About Rural/Metro Corp

Headquartered in Scottsdale, Arizona, Rural/Metro Corporation --
http://www.ruralmetro.com-- is a national provider of 911-
emergency and non-emergency interfacility ambulance services and
private fire protection services, operating in 21 states and
nearly 700 communities.  Rural/Metro was acquired in 2011 in a
leveraged buyout by Warburg Pincus LLC as part of a transaction
valued at $676.5 million.

Rural/Metro Corp. and 59 affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 13-11952) on Aug. 4, 2013, before
the U.S. Bankruptcy Court for the District of Delaware.  Debt
includes $318.5 million on a secured term loan and $109 million on
a revolving credit with Credit Suisse AG serving as agent. There
is $312.2 million owing on two issues of 10.125 percent senior
unsecured notes.

The Debtors' lead bankruptcy counsel are Matthew A. Feldman, Esq.,
Rachel C. Strickland, Esq., and Daniel Forman, Esq., at Willkie
Farr & Gallagher LLP, in New York.  Maris J. Kandestin, Esq., and
Edmon L. Morton, Esq., at Young, Conaway, Stargatt & Taylor, LLP,
in Wilmington, Delaware, serve as the Debtors' local Delaware
counsel.

Alvarez & Marsal Healthcare Industry Group, LLC, and FTI
Consulting, Inc., are the Debtors' financial advisors, while
Lazard Freres & Co. L.L.C. is their investment banker.  Donlin,
Recano & Company, Inc., is the Debtors' claims and noticing agent.

The U.S. Trustee has appointed a three-member official committee
of unsecured creditors in the Chapter 11 case.

The Debtors have arranged $75 million of DIP financing from a
group of prepetition lenders led by Credit Suisse AG.  An interim
order has allowed the Debtors to access $40 million of the DIP
facility.

The Debtors have filed a reorganization plan largely worked out
before the Chapter 11 filing in early August.  Existing
shareholders receive nothing in the plan.

The Company's debt includes $318.5 million on a secured term loan
and $109 million on a revolving credit with Credit Suisse AG
serving as agent.  There is $312.2 million owing on two issues of
10.125 percent senior unsecured notes.

Interested parties can also contact Rural/Metro's claims agent,
Donlin, Recano & Company, Inc. directly by calling Rural/Metro's
restructuring hotline at 212-771-1128.

Willkie Farr & Gallagher LLP and Young Conaway Stargatt & Taylor,
LLP are serving as legal counsel, Lazard Freres & Co. L.L.C. is
serving as investment banker, and Alvarez & Marsal and FTI
Consulting, Inc. are serving as financial advisors to Rural/Metro.

Rural/Metro won confirmation of its First Amended Joint Chapter 11
Plan of Reorganization on Dec. 17, 2013.  The Plan was declared
effective, and Rural/Metro and its affiliates emerged from
bankruptcy protection on Dec. 31.  The Plan enabled unsecured
noteholders to become controlling stockholders.  Unsecured
noteholders owed $312.2 million took all the new preferred stock
and 70 percent of the common stock in return for a $135 million
equity contribution through a rights offering.


SALPAT INC: Files for Ch 7 Liquidation; Nov. 12 Sec. 341 Meeting
----------------------------------------------------------------
Woodbridge, Virginia-based Salpat Inc filed for Chapter 7
liquidation (Bankr. E.D. Va. Case No. 14-13703) on Oct. 3, 2014,
listing $100,001 to $500,000 in liabilities against up to $50,000
in assets.  The Hon. Robert G. Mayer presides over the case.

The Washington Post reports that the Arlington County Treasurer,
owed $3,825, is the Debtor's largest unsecured creditor.

A meeting of creditors in the Debtor's bankruptcy case will be
held on Nov. 12, 2014, at 9:00 a.m. at the Office of the U.S.
Trustee, 115 South Union Street, Suite 206, Alexandria, Virginia.
This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

Richard G. Hall, Esq., who has an office in Annandale, Virginia,
serves as the Debtor's bankruptcy counsel.  He can be reached at:

      7369 McWhorter Place, Suite 412
      Annandale, VA 22003
      Tel: (703) 256-7159
      Fax: (703)941-0262
      E-mail: richard.hall33@verizon.net


SEARS METHODIST: Auction for Sears Plains Retirement on Oct. 29
---------------------------------------------------------------
The Bankruptcy Court has approved proposed bid procedures in
connection with the sale of all of Sears Plains Retirement
Corporation's assets and certain bid protections to Knight Health
Holdings LLC, a Nevada limited liability company, the stalking
horse bidder.

The $6,240,000 offer of the stalking horse bidder will become the
opening bid at the auction.

The Court also approved (a) the payment in cash of a break-up fee
in the amount of $180,000; (b) the payment in cash of expense
reimbursements in an amount up to $25,000.

The Bid Deadline is Oct. 27, 2014 at 4:00 p.m. (prevailing Central
Time).  The Auction, if necessary under the Bid Procedures, will
be held on Oct. 29, 2014.  The Sale Hearing, at which Plains will
seek approval of the Successful Bid, will be held on Oct. 30,
2014, at 2:30 p.m. (prevailing Central Time).

The APA provides:

   -- purchase of significantly all of assets of The Mildred and
Shirley L. Garrison Geriatric Education and Care Center, a
geriatric learning center and nursing facility located in Lubbock,
Texas on the campus of Texas Tech University (except for cash);

   -- payment by the stalking horse of the purchase price of
$6,240,000 in cash at closing;

   -- payment by the stalking horse of a $1,000,000 earnest money
deposit within five business days after the APA is fully executed;

   -- assumption of the TTU Lease;

   -- purchase of the Garrison free and clear of all encumbrances
(with the option to assume the Plains Loan); and

   -- in the event a higher and better bid is ultimately chosen by
Plains, payment to the stalking horse of a break up fee in the
amount of $180,000, and the payment in cash of expense
reimbursements in an amount up to $25,000.

                      Texas Tech Objects

Sears Plains Retirement Corporation is the owner of The Mildred
and Shirley L. Garrison Geriatric Education and Care Center, a
building located on the campus of Texas Tech University at which
Plains operates a geriatric learning center and nursing facility.
Sears Plains Retirement Corporation is lessee pursuant to a Ground
Lease, effective as of August 1, 1999, between Texas Tech, as
lessor, and Plains, as lessee, for the real property on which the
Garrison facility is located.

While Texas Tech does not conceptually object to the sale proposed
by the Sale Motion, and anticipates requesting authorization from
its Board of Regents to participate in the October 29, 2014
Auction, Texas Tech does object to any language in the bid
procedures that would require Texas Tech to acquire the sale
assets for a price in excess of what Texas Tech would be required
to pay outside of bankruptcy by merely exercising its right of
first refusal as required under the Ground Lease and/or other
operative documents.  Accordingly, Texas Tech requests that the
Court sustain its objection herein, and include in any order
approving the bid procedures a provision or provisions that fully
preserve Texas Tech's right of first refusal contained in the
Ground Lease in connection with the proposed auction and sale of
the Garrison facility.

                    About Sears Methodist

As a leading Texas senior living icon established on Christian
principles, Sears Methodist Retirement System Inc. provides
secure, rewarding, and luxurious residency to seniors.  The system
includes: (i) eight senior living communities located in Abilene,
Amarillo, Lubbock, Odessa and Tyler, Texas; (ii) three veterans
homes located in El Paso, McAllen and Big Spring, Texas, managed
by Senior Dimensions, Inc., pursuant to contracts between SDI and
the Veterans Land Board of Texas; and (iii) Texas Senior
Management, Inc. ("TSM"), Senior Living Assurance, Inc. ("SLA")
and Southwest Assurance Company, Ltd. ("SWAC"), which provide, as
applicable, management and insurance services to the System.
Sears Methodist Senior Housing, LLC, is the general partner of,
and controls .01% of the interests in, Canyons Senior Living, L.P.
("CSL").

Sears Methodist and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 14-
32821) on June 10, 2014.  The cases are assigned to Judge Stacey
G. Jernigan.

The Debtors' counsel is Vincent P. Slusher, Esq., and Andrew
Zollinger, Esq., at DLA Piper LLP (US), in Dallas, Texas; and
Thomas R. Califano, Esq., Gabriella L. Zborovsky, Esq., and Jacob
S. Frumkin, Esq., at DLA Piper LLP (US), in New York.  The
Debtors' financial advisor is Alvarez & Marsal Healthcare Industry
Group, LLC, while the Debtors' investment banker is Cain Brothers
& Company, LLC.  The Debtors' notice, claims and solicitation
agent is GCG Inc.

The Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.

The U.S. Trustee has appointed five members to the Official
Committee of Unsecured Creditors.  The Committee is represented by
Clifton R. Jessup, Jr., Esq., and Bryan L. Elwood, Esq., at
Greenberg Traurig, LLP, in Dallas, Texas.


SIGA TECHNOLOGIES: Wants to Hire Weil Gotshal as General Counsel
----------------------------------------------------------------
SIGA Technologies, Inc., seeks to employ Weil, Gotshal and Manges
LLP as its attorneys nunc pro tunc to the Petition Date.

As counsel to the Debtor, Weil Gotshal is expected to provide
these services:

   a. Prepare on behalf of the Debtor, as debtor in possession,
      all necessary motions, applications, answers, orders,
      reports, and other papers in connection with the
      administration of the Debtor's estate;

   b. Take all necessary action to protect and preserve the
      Debtor's estate, including the prosecution of actions on the
      Debtor's behalf, the defense of any actions commenced
      against the Debtor, the negotiation of disputes in which the
      Debtor is involved, and the preparation of objections to
      Claims filed against the Debtor's estate;

   c. Take all necessary actions in connection with any chapter 11
      plan and related disclosure statement, and all related
      documents, and such further actions as may be required in
      connection with the administration of the Debtor's estate.

The Debtor proposes to pay Weil for services rendered at the
firm's customary hourly rates (subject to a 10% discount) that are
in effect from time to time, and to reimburse Weil according to
the firm's customary reimbursement policies.

Weil's current customary U.S. hourly rates are $835 to $1,175 for
members and counsel, $450 to $820 for associates, and $185 to $335
for paraprofessionals.

The Debtor discloses that Weil Gotshal received a $400,000
retainer for legal services, and a $15,000 advance against
expenses, for services to be performed and expenses incurred,
including in preparation for the commencement of its Chapter 11
case.  The entire amount of the retainer for legal services has
been applied to legal services rendered relating to the period
prior to the Petition Date, and a balance still remains in the
approximate amount of $14,000 with respect to the advance against
expenses.

Weil intends to apply the balance to any outstanding expenses
relating to the period before the Petition Date that were not
processed through Weil's billing system as of the Petition Date
and to retain any remaining balance on account of expenses
incurred subsequent to the Petition Date.

Stephen Karotkin, Esq., a member of Weil, assures the Court that
his Firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

         Harvey R. Miller, Esq.
         Stephen Karotkin, Esq.
         Garrett A. Fail, Esq.
         WEIL, GOTSHAL & MANGES LLP
         767 Fifth Avenue
         New York, New York 10153
         Tel: (212) 310-8000
         Fax: (212) 310-8007

William J. Haynes II, executive vice president of SIGA
Technologies, Inc., also submitted to the Court a declaration in
compliance with Paragraph D.2 of the U.S. Trustee Guidelines for
Reviewing Applications for Compensation and Reimbursement of
Expenses under 11 U.S.C. Sec. 330 in Large Chapter 11 Cases,
effective Nov. 1, 2013.  Mr. Siga affirmed that the Debtor
considered other counsel but selected Weil based on the firm's
reputation and experience in the restructuring field.

Furthermore, Mr. Haynes says he has been informed by Weil that its
attorneys' billing rates are aligned each year to ensure that its
rates are comparable to the billing rates of its peer firms.  He
adds that procedures are in place to supervise fees and expenses
and manage costs incurred by the Debtor's outside counsel, which
in this case is Weil.

                   About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in
Madison Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

According to the docket, the schedules of assets and liabilities
and the statement of financial affairs are due Sept. 30, 2014.
The Debtor's Chapter 11 plan and disclosure statement are due Jan.
14, 2015.  The initial case conference is due by Oct. 16, 2014.

As of June 30, 2014, SIGA reported consolidated assets and
liabilities of $209 million and $198 million, respectively. The
amount of reported liabilities does not include any amount
attributable to the lawsuit filed by PharmAthene, Inc.  A total of
$2.50 million is outstanding on a secured term loan with General
Electric Capital Corp.  Trade payables total $3.3 million.


SIGA TECHNOLOGIES: Taps Prime Clerk as Claims & Noticing Agent
--------------------------------------------------------------
SIGA Technologies, Inc., filed a motion with the U.S. Bankruptcy
Court for the Southern District of New York seeking to employ
Prime Clerk LLC as its claims and noticing agent.

As claims and noticing agent, Prime Clerk will assume full
responsibility for the distribution of notices and the
maintenance, processing and docketing of proofs of claim filed in
the Debtor's Chapter 11 case nunc pro tunc to the Petition Date.

The Firm will provide these services, among other things:

   (a) Prepare and serve required notices and documents in the
       Debtor's Chapter 11 case in accordance with the Bankruptcy
       Code and the Bankruptcy Rules in the form and manner
       directed by the Debtor and/or the Court, including (i)
       notice of the commencement of the chapter 11 case and the
       initial meeting of creditors under section 341(a) of the
       Bankruptcy Code, (ii) notice of any claims bar date, (iii)
       notices of transfers of claims, (iv) notices of objections
       to claims and objections to transfers of claims, (v)
       notices of any hearings on any disclosure statement and
       confirmation of any plan of reorganization of the Debtor,
       including under Bankruptcy Rule 3017(d), (vi) notice of the
       effective date of any plan, and (vii) all other notices,
       orders, pleadings, publications, and other documents as the
       Debtor or Court may deem necessary or appropriate for an
       Orderly administration of this chapter 11 case;

   (b) Maintain an official copy of the Debtor's schedules of
       assets and liabilities and statement of financial affairs,
       listing the Debtor's known creditors and the amounts owed;
       and

   (c) Maintain (i) a list of all potential creditors, equity
       holders, and other parties-in-interest and (ii) a "core"
       mailing list consisting of all parties described in
       Bankruptcy Rule 2002(i), (j), and (k) and those parties
       that have filed a notice of appearance pursuant to
       Bankruptcy Rule 9010; update and make said lists available
       upon request by a party-in-interest or the Clerk.

The Firm's rates for its professionals are:

          Professional                        Hourly Rate
          ------------                        -----------
          Analyst                                 $45
          Technology Consultant                  $125
          Consultant                             $135
          Senior Consultant                      $165
          Director                               $190

Prior to filing for bankruptcy, the Debtor provided Prime Clerk a
$20,000 retainer.

Michael J. Frishberg, Co-President and Chief Operating Officer of
Prime Clerk, assures the Court that the Firm is a "disinterested
person" as the term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached at:

         Shai Waisman
         Prime Clerk LLC
         830 3rd Avenue, 9th Floor
         New York, NY 10022
         Tel No: (212) 257-5450
         E-mail: swaisman@primeclerk.com

The Debtor asserts that its selection of Prime Clerk to act as
claims and noticing agent has satisfied the Court's Protocol for
the Employment of Claims and Noticing Agents pursuant to 28 U.S.C.
Sec. 156(c) in that the Debtor obtained and reviewed engagement
proposals from at least two other Court-approved claims and
noticing agents to ensure selection through a competitive process.
The Debtor avers that based on the proposals reviewed, Prime
Clerk's rates are competitive and reasonable.

                   About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in
Madison Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

According to the docket, the schedules of assets and liabilities
and the statement of financial affairs are due Sept. 30, 2014.
The Debtor's Chapter 11 plan and disclosure statement are due Jan.
14, 2015.  The initial case conference is due by Oct. 16, 2014.

As of June 30, 2014, SIGA reported consolidated assets and
liabilities of $209 million and $198 million, respectively. The
amount of reported liabilities does not include any amount
attributable to the lawsuit filed by PharmAthene, Inc.  A total of
$2.50 million is outstanding on a secured term loan with General
Electric Capital Corp.  Trade payables total $3.3 million.


SIGA TECHNOLOGIES: Taps Ostrolenk Faber as IP Counsel
-----------------------------------------------------
SIGA Technologies, Inc., seeks to employ Ostrolenk Faber LLP as
its intellectual property counsel.

Charles C. Achkar, Esq., a member of Ostrolenk, assures the Court
that the Firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code.

Mr. Achkar first served as intellectual property counsel to the
Debtor in 2007 when he was an attorney at Kramer Levin Naftalis &
Frankel LLP.  He moved from Kramer Levin to Ostrolenk in 2013.
Shortly thereafter, Ostrolenk began serving as the Debtor's
intellectual property counsel.  Ostrolenk has served as counsel
for the Debtor on a variety of intellectual property law matters,
including general patent counseling; patent application drafting
and prosecution in and outside of the United States; review of
internal draft publications for patentable subject matters and
trade secret information; and due diligence on patent related
transactions.  Accordingly, Ostrolenk is intimately familiar with
the Debtor's business and intellectual property.

The Debtor contends that both the interruption and the duplicative
cost involved in obtaining substitute counsel to replace Ostrolenk
would be harmful to its estate.  The Debtor says that if it were
required to retain intellectual property counsel other than
Ostrolenk, its estate and all parties-in-interest would be unduly
prejudiced by the time and expense necessary to pursue the
undertaking.

The Firm's hourly rates are:

    Professional                       Hourly Rate
    ------------                       -----------
    Members and counsel                $350 to $600
    Associates                         $350 to $550
    Paraprofessionals                  $185 to $200

During the nine-month period prior to the filing for bankruptcy,
the Debtor gave Ostrolenk aggregate of approximately $427,458 in
payments for legal services rendered or to be rendered and
disbursements incurred or to be incurred.  As of the Petition
Date, Ostrolenk did not hold a retainer.  Ostrolenk is owed
approximately $10,000 for services rendered or disbursements
incurred prior to the Petition Date.

                   About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in
Madison Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

According to the docket, the schedules of assets and liabilities
and the statement of financial affairs are due Sept. 30, 2014.
The Debtor's Chapter 11 plan and disclosure statement are due Jan.
14, 2015.  The initial case conference is due by Oct. 16, 2014.

As of June 30, 2014, SIGA reported consolidated assets and
liabilities of $209 million and $198 million, respectively. The
amount of reported liabilities does not include any amount
attributable to the lawsuit filed by PharmAthene, Inc.  A total of
$2.50 million is outstanding on a secured term loan with General
Electric Capital Corp.  Trade payables total $3.3 million.


SPECIALTY PRODUCTS: Future Claimants Taps ARPC as Consultants
-------------------------------------------------------------
Eric D. Green, the proposed legal representative for future
claimants -- Future Claimants' Representative -- in the cases of
NMBFiL, Inc. and Republic Powdered Metals, Inc., seeks
authorization from the U.S. Bankruptcy Court for the District of
Delaware to employ Analysis, Research, and Planning Corporation --
ARPC -- as claims evaluation consultants to the Future Claimants
Representative, nunc pro tunc to Aug. 15, 2014, with respect to
NMBFiL, and to Aug. 31, 2014, with respect to Republic.

The Future Claimants' Representative anticipates that ARPC will
render consulting services to the Future Claimants' Representative
as needed throughout the course of these cases, including but not
limited to:

   (a) estimation of the number and value of present and future
       asbestos personal injury claims and demands;

   (b) development of claims procedures to be used in the
       development of financial models of payments and assets of a
       claims resolution trust; and

   (c) analyzing and responding to issues relating to providing
       notice to personal injury claimants and reviewing such
       notice procedures.

ARPC will be paid at these hourly rates:

       Principals          $450-$650
       Directors           $275-$450
       Consultants         $150-$275
       Analysts            $95-$150

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

Dr. Thomas Vasquez, partner of ARPC, 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 was slated to hold a
hearing on the application on Oct. 14, 2014, at 10:30 a.m.
Objections, if any, were due Oct. 7, 2014, at 4:00 p.m.

ARPC can be reached at:

       Dr. Thomas Vasquez
       ANALYSIS, RESEARCH, AND PLANNING CORPORATION
       1220 19th Street, NW Suite 700
       Washington, DC 20036
       Tel: (202) 797-1111
       Fax: (202) 797-3619
       E-mail: t.vasquez@arpc.com

                     About Specialty Products

Cleveland, Ohio-based Specialty Products Holdings Corp., aka RPM,
Inc., is a wholly owned subsidiary of RPM International Inc.  The
Company is the holding company parent of Bondex International,
Inc., and the direct or indirect parent of certain additional
domestic and foreign subsidiaries.  The Company claims to be a
leading manufacturer, distributor and seller of various specialty
chemical product lines, including exterior insulating finishing
systems, powder coatings, fluorescent colorants and pigments,
cleaning and protection products, fuel additives, wood treatments
and coatings and sealants, in both the industrial and consumer
markets.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 10-11780) on May 31, 2010.  Gregory M. Gordon, Esq.,
Dan B. Prieto, Esq., and Robert J. Jud, Esq., at Jones Day, serve
as bankruptcy counsel.  Daniel J. DeFranceschi, Esq., Zachary
I. Shapiro, Esq., Paul N. Heath, Esq., and Tyler D. Semmelman,
Esq., at Richards Layton & Finger, serve as co-counsel.  Logan and
Company is the Company's claims and notice agent.  The Company
estimated its assets and debts at $100 million to $500 million.

The Company's affiliate, Bondex International, Inc., filed a
separate Chapter 11 petition on May 31, 2010 (Case No. 10-11779),
estimating its assets and debts at $100 million to $500 million.

Specialty Products Holding Corp, together with Bondex
International, Inc., are referred to as the Initial Debtors.

Counsel to the Official Committee of Asbestos PI Claimants are
Natalie D. Ramsey, Esq., and Mark A. Fink, Esq. of Montgomery,
Mccracken, Walker & Rhoads, LLP, in Wilmington Delaware, and Mark
B. Sheppard, Esq. of the firm's Philadelphia, Pennsylvania
division.

Counsel to the Future Claimants' Representative are James L.
Patton, Jr., Esq., Edwin J. Harron, Esq., Edmon Morton, Esq.,
Sharon Zieg, Esq., and Erin Edwards, Esq. of Young Conaway
Stargatt & Taylor LLP, in Wilmington, Delaware.

Competing bankruptcy exit plans have been filed by the Initial
Debtors, on one hand, and the Official Committee of Unsecured
Creditors and the Future Claimants' Representative on the other.

The Debtors' First Amended Joint Plan of Reorganization and the
explanatory Disclosure Statement, dated Nov. 18, 2013, provides
for an asbestos trust to be established and funded with cash to
pay present and future asbestos-related claims.  The trust will be
funded by secured notes, issued by the Debtors and their ultimate
parent, RPM International Inc. ("International"), and the amounts
and terms of the notes will, with one exception, be determined by
the final outcome or settlement of the litigation that will
determine the asbestos claimants' rights in the chapter 11 cases.
The one exception is that the notes will provide for an aggregate
initial nonrefundable payment of $125 million to the asbestos
trust irrespective of the outcome of any litigation.  In short,
the Debtors and International have committed to pay to asbestos
claimants the maximum amount to which they are entitled based on
the applicable judgments or rulings in the litigation that will
determine the extent of the claimants' rights in the chapter 11
cases, and to make comparable payments to other similarly situated
creditors.

The PI Committee and the FCR's Third Amended Plan, filed Oct. 15,
2013, provides that: (i) SPHC will be separated from non-Debtor
direct or indirect parent Bondex International; (ii) Reorganized
SPHC will be managed and/or sold for the benefit of holders of all
Claims that are not paid in Cash, subordinated, cancelled or
otherwise treated pursuant to the Plan; (iii) all of SPHC's causes
of action will survive; (iv) Asbestos PI Trust Claims against SPHC
will be channeled to an Asbestos PI Trust; and (v) current SPHC
equity interests will be canceled, annulled, and extinguished.

On May 20, 2013, the Bankruptcy Court entered an order estimating
the amount of the Debtors' asbestos liabilities, and a related
memorandum opinion in support of the estimation order.  The
Bankruptcy Court estimated the current and future asbestos claims
associated with Bondex International, Inc. and Specialty Products
Holding at approximately $1.17 billion.  The estimation hearing
represents one step in the legal process in helping to determine
the amount of potential funding for a 524(g) asbestos trust.

On Aug. 31, 2014, Republic Powdered Metals, Inc., and affiliate
NMBFiL, Inc. -- the New Debtors -- sought Chapter 11 protection
(Bankr. D. Del. Case No. 14-12028).  The New Debtors are
indirect subsidiaries of Bondex International and affiliates of
the Initial Debtors.

Republic Powdered Metal is a leader in the roof coating and
restoration industry which provides exclusive products for roof
and wall restoration, including an extensive line of roof
coatings.

NMBFiL is formerly known as Bondo Corporation. It is a
manufacturer of auto body repair products for the automotive
aftermarket and various other professional and consumer
applications. In November 2007, NMBFiL sold substantially all of
its assets and no longer has business operation.

Republic estimated assets of $10 million to $50 million and debt
of less than $10 million as of the bankruptcy filing.

The New Debtors have been granted, on Sept. 3, 2014, joint
administration of their Chapter 11 cases for procedural purposes
only, with the chapter 11 cases of Specialty Products Holding
Corp. and Bondex International, Inc.


T-L BRYWOOD: Taps Valbridge Property as Appraiser
-------------------------------------------------
T-L Brywood LLC seeks to employ Valbridge Property Advisors/Shaner
Appraisal, Inc. as appraiser to conduct an updated valuation of
the commercial shopping center known as Brywood Shopping Center.

The Debtor proposes to pay Valbridge $4,500 for the updated
appraisal report, plus an additional hourly rate of $300.

Laird Goldsborough, president of Valbridge, assures the Court that
his firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code.

                         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.


TARGA RESOURCES: S&P Puts 'BB+' CCR on CreditWatch Positive
-----------------------------------------------------------
Standard & Poor's Ratings Services placed its 'BB+' corporate
credit and senior unsecured debt ratings on Targa Resources
Partners L.P. on CreditWatch with positive implications. At the
same time, S&P placed the 'B+' corporate credit and senior
unsecured ratings on Atlas Pipeline Partners L.P. on CreditWatch
with positive implications.  S&P also revised the CreditWatch
listing on the 'B' corporate credit and senior secured ratings on
Atlas Energy L.P. to developing from negative.

The positive CreditWatch on Targa reflects S&P's expectations that
it could raise ratings to 'BBB-' once it become sufficiently
confident that the proposed merger will close.  The merged entity
benefits from increased scale and diversity and is expected to
have moderate leverage, with pro forma debt to EBITDA of about
3.9x in 2015, before declining to 3.5x in 2016.

"In our view, the transaction complements Targa's core
competencies in the gathering and processing business, enhances
its asset position in the Permian Basin, and expands its operating
footprint to attractive regions such as the Anadarko Basin and
Eagle Ford Shale," said Standard & Poor's credit analyst Nora
Pickens.  "Pro forma for the transaction, we expect fee-based
arrangements to represent about 60% of the partnership's operating
margins and that Targa will continue to manage its commodity risk
in a disciplined manner," said Ms. Pickens.

Atlas Pipeline's assets bring an extensive backlog of organic
growth projects, including the expansion of the 120 million cubic
feet per day Stonewall processing plant in Southern Oklahoma and
construction of a new 200 million cubic feet per day processing
facility in the Permian Basin.  However, execution risk is
present.  A key credit consideration, in our view, is Targa's
ability to maintain sound relationships with customers while
effectively managing its robust capital spending program.
Liquidity is "adequate", and we expect it to remain so pro forma
for the merger.

S&P expects to resolve the CreditWatch listings on Targa, Atlas
Pipeline, and Atlas Energy once it has better insight into the
transaction's timing and final terms.  S&P anticipates that if it
raises the corporate credit rating on Targa, it would limit it to
one notch.


TEXAS RANGERS: Counterclaims Against Aircraft Lessor Rejected
-------------------------------------------------------------
Dallas Bankruptcy Judge Stacey G. Jernigan barred Texas Rangers
Baseball Partners from pursuing its claims against the lessor of a
Boeing 757 aircraft the baseball club previously used for out-of-
town games.  The judge said the Debtor failed to give proper
notice to Paradigm Air Carriers and SportsJet Operators of TRBP's
intentions with regard to the parties' agreement, which deprived
Paradigm of its ability to take reasonable measures to protect
itself in the bankruptcy case.

Paradigm filed a $29.385 million proof of claim in the TRBP
bankruptcy case, for alleged damages.  It also filed an adversary
proceeding, asserting multiple breach of contract claims against
TRBP.

TRBP fired back, asserting fraudulent transfer claims against
Paradigm.

The case is, PARADIGM AIR CARRIERS, INC., et al.,
Plaintiffs/Counter-Defendants, v. TEXAS RANGERS BASEBALL PARTNERS,
Defendant/Counter-Plaintiff, Adv. Proc. No. 11-04017-SGJ (Bankr.
N.D. Tex.).  A copy of the Court's October 10, 2014 Memorandum
Opinion and Order is available at http://is.gd/Lg2QCNfrom
Leagle.com.

                        About Texas Rangers

Texas Rangers Baseball Partners owned and operated the Texas
Rangers Major League Baseball Club, a professional baseball club
in the Dallas/Fort Worth Metroplex.  TRBP is a Texas general
partnership, in which subsidiaries of HSG Sports Group LLC own a
100% stake.  Controlled by Thomas O. Hicks, HSG also indirectly
wholly-owns Dallas Stars, L.P., which owns and operates the Dallas
Stars National Hockey League franchise.  The Texas Rangers have
had five owners since the club moved to Arlington in 1972.  Mr.
Hicks became the fifth owner in the history of the Texas Rangers
on June 16, 1998.

Texas Rangers Baseball Partners filed a Chapter 11 petition
(Bankr. N.D. Tex. Case No. 10-43400) on May 24, 2010.  The
partnership filed simultaneously with the bankruptcy petition a
Chapter 11 plan that contemplated the sale of the club to an
entity formed by a group that includes the President of the Texas
Rangers, Nolan Ryan, and Chuck Greenberg, a sports lawyer and
minor league club owner.  In its petition, Texas Rangers Baseball
Partners said it had both assets and debt of less than $500
million.

Martin A. Sosland, Esq., at Weil, Gotshal & Manges LLP, served as
bankruptcy counsel to the Debtor.  Forshey & Prostok LLP acted as
conflicts counsel.  Parella Weinberg Partners LP served as
financial advisor.  Major League Baseball was represented by Sandy
Esserman, Esq., at Stutzman, Bromberg, Esserman & Plifka PC.

Lenders to the Texas Rangers sought to force the baseball team's
equity owners -- Rangers Equity Holdings, L.P. and Rangers Equity
Holdings GP, LLC -- into bankruptcy court protection (Bankr. N.D.
Tex. Case No. 10-43624 and 10-43625).  The lenders, a group that
includes investment funds Monarch Alternative Capital and
Kingsland Capital Management, filed an involuntary bankruptcy
petition on May 28, 2010 against the two companies.  The two
companies were not included in the May 24 Chapter 11 filing of
TRBP.

U.S. Bankruptcy Judge Stacey G. C. Jernigan on Aug. 5, 2010
confirmed the Debtor's fourth amended version of the Prepackaged
Plan of Reorganization.  The judge's confirmation order cleared
the way for a group of Hall of Fame pitcher Nolan Ryan, and
Pittsburgh sports attorney and minor-league team owner Charles
Greenberg to purchase the Texas Rangers.  The Ryan group paid
$385 million in cash and assumed $208 million in liabilities.  The
Ryan group outbid Dallas Mavericks owner Mark Cuban at an auction.


TRANSCOASTAL CORP: Files Third Amendment to 2013 FY Report
----------------------------------------------------------
TransCoastal Corporation filed with the U.S. Securities and
Exchange Commission on Oct. 9, 2014, a third amendment to its
annual report on Form 10-K for the year ended Dec. 31, 2013.

Rothstein Kass expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company
has an accumulated deficit, a working capital deficit and a net
loss from operations.

The Company reported a net loss of $4.05 million on $3.62 million
of total revenues for the year ended Dec. 31, 2013, compared with
a net income of $1.04 million on $6.51 million of total revenues
in 2012.

The Company's balance sheet at Dec. 31, 2013, showed $25.83
million in total assets, $22.79 million in total liabilities and
total stockholders' equity of $3.04 million.

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

                       http://is.gd/PWhQcc

TransCoastal Corporation (TCEC: OTC US) is engaged in the
exploration, development and production of natural gas and oil
properties in the United States and Canada.  Dallas-based TCEC has
been focused on its drilling operations in Texas and the
southwestern region of the U.S. since 2000.


TRANSCOASTAL CORP: Amends Q2 Ended June 30 Report
-------------------------------------------------
TransCoastal Corporation filed with the U.S. Securities and
Exchange Commission an amendment to its quarterly report on Form
10-Q. A copy of the Form 10-Q/A is available at:

                       http://is.gd/OIQsgk

The Company disclosed a net loss of $156,000 on $1.11 million of
total revenues for the three months ended June 30, 2014, compared
to a net income of $209,000 on $1.74 million of total revenues for
the same period in 2013.

The Company's balance sheet at June 30, 2014, showed $25.88
million in total assets, $21.16 million in total liabilities and
total stockholders' equity of $4.72 million.

As of June 30, 2014 and Dec. 31, 2013, the Company had a working
capital deficit of approximately $15.77 million and $18.48
million, respectively, and an accumulated deficit of approximately
$42.9 million and $42.57 million, respectively.  For the six
months ended June 30, 2014, the Company had a net loss of
approximately $262,000.  The working capital deficit at June 30,
2014 and Dec. 31, 2013 is primarily the result of increased aged
accounts payable and accrued liabilities due to a reduction in
available cash to pay third party vendors and the Company's long
term debt being current.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.

TransCoastal Corporation (TCEC: OTC US) is engaged in the
exploration, development and production of natural gas and oil
properties in the United States and Canada.  Dallas-based TCEC has
been focused on its drilling operations in Texas and the
southwestern region of the U.S. Since 2000.


TRUMP ENTERTAINMENT: Panel Says Houlihan's $1.5MM Fee Excessive
---------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Trump Entertainment Resorts, Inc., et al., submitted a
limited objection to the Debtors' application to tap Houlihan
Lokey Capital, Inc., as financial advisor and investment banker.

According to the Committee, the application provides that Houlihan
will be (i) paid a monthly fee in the amount of $150,000; and (ii)
a transaction fee in the amount of $1,500,000.  The monthly fee
and the transaction fee are capped at $2,400,000 in total.

The Committee asserts that the proposed transaction fee does not
satisfy the "reasonableness" standard for approval under Section
328(a) of the Bankruptcy Code.

The Committee is represented by:

         Natasha M. Songonuga, Esq.
         GIBBONS P.C.
         Wilmington, Delaware
         1000 N. West Street, Suite 1200
         Wilmington, DE 19801-1058
         Tel: (302) 295-4875
         Fax: (302) 295-4876
         E-mail: nsongonuga@gibbonslaw.com

         Karen A. Giannelli, Esq.
         Mark B. Conlan, Esq.
         One Gateway Center
         Newark, NJ 07102-5310
         Tel: (973) 596-4523
         Fax: (973) 639-6244
         E-mails: kgiannelli@gibbonslaw.com
                 mconlan@gibbonslaw.com

         Nathan A. Schultz, Esq.
         LAW OFFICE OF NATHAN A. SCHULTZ, P.C.
         10621 Craig Road
         Traverse City, MI 49686
         Tel: (310) 429-7128
         Fax: (231) 421-5731
         E-mails: nschultzesq@gmail.com

                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 shutter its casinos.

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, 2014, and, absent union
concessions, the Trump Plaza Hotel and Casino by Nov. 13, 2104.

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.


YMCA OF METROPOLITAN: Has Until Jan. 31 to Propose Plan
-------------------------------------------------------
Bankruptcy Judge Susan V. Kelley extended the exclusive plan
proposal periods of The Young Men's Christian Association of
Metropolitan Milwaukee, Inc., and YMCA Youth Leadership Academy,
Inc.  The exclusive period for each of the Debtors to file a
Chapter 11 plan is extended until Jan. 31, 2015, and their time to
solicit acceptances for that plan is extended until April 1.

                      About YMCA of Milwaukee

The Young Men's Christian Association of Metropolitan Milwaukee,
Inc., and affiliate, YMCA Youth Leadership Academy, Inc., filed
voluntary Chapter 11 bankruptcy petitions (Bankr. E.D. Wis. Case
Nos. 14-27174 and 14-27175) in Milwaukee, on June 4, 2014.

YMCA Milwaukee, which has more than 100,000 members using its
centers and camps, plans to sell a majority of its owned real
estate to help pay down $29 million in debt.

YMCA Milwaukee estimated $10 million to $50 million in both assets
and liabilities.  YMCA Academy estimated $100,000 to $500,000 in
both assets and liabilities.  The formal schedules of assets and
liabilities are due June 18, 2014.

The Debtors are seeking joint administration of their Chapter 11
cases for procedural purposes.  The cases are assigned to Judge
Susan V. Kelley.

The Debtors have tapped Olivier H. Reiher, Esq., and Mark L. Metz,
Esq., at Leverson & Metz, S.C., in Milwaukee, as counsel.


YMCA OF METROPOLITAN: Time to Decide on Leases Extended to Jan. 1
-----------------------------------------------------------------
Bankruptcy Judge Susan V. Kelley extended until Jan. 1, 2015,
The Young Men's Christian Association of Metropolitan Milwaukee,
Inc., et al.'s time to assume or reject any non-residential real
property lease.

The Young Men's Christian Association of Metropolitan Milwaukee,
Inc., and affiliate, YMCA Youth Leadership Academy, Inc., filed
voluntary Chapter 11 bankruptcy petitions (Bankr. E.D. Wis. Case
Nos. 14-27174 and 14-27175) in Milwaukee, on June 4, 2014.

YMCA Milwaukee, which has more than 100,000 members using its
centers and camps, plans to sell a majority of its owned real
estate to help pay down $29 million in debt.

YMCA Milwaukee estimated $10 million to $50 million in both assets
and liabilities.  YMCA Academy estimated $100,000 to $500,000 in
both assets and liabilities.  The formal schedules of assets and
liabilities are due June 18, 2014.

The Debtors are seeking joint administration of their Chapter 11
cases for procedural purposes.  The cases are assigned to Judge
Susan V. Kelley.

The Debtors have tapped Olivier H. Reiher, Esq., and Mark L. Metz,
Esq., at Leverson & Metz, S.C., in Milwaukee, as counsel.


YMCA MILWAKEE: Approved to Sell Assets to Stalking Horse Bidders
----------------------------------------------------------------
The Young Men's Christian Association of Metropolitan Milwaukee,
Inc., told the bankruptcy court that other than the stalking-horse
bidders for its assets, no party submitted a qualified bid by the
deadline.  The bankruptcy judge accordingly approved the Debtor's
sale of these assets:

(a) three Waukesha-area properties (the Southwest YMCA at 11311
W. Howard Avenue in Greenfield, the West Suburban YMCA at 2420 N.
124th Street in Wauwatosa, and the Tri-County YMCA at N84 W17501
Menomonee Ave. in Menomonee Falls) for a total price of $7,000,000
(with the possibility of an additional $1,000,000 based on
earnings from those YMCAs for 2014 ? 2016) to the YMCA of Central
Waukesha County, Inc.; and (b) the Feith Family Ozaukee YMCA at
465 Northwoods Road in Port Washington, for $2,000,000 to Kettle
Moraine YMCA, Inc.

As and for adequate protection of any liens on and security
interests in the proceeds, the Debtor will deposit into and hold
in a segregated account the sum of $1,400,000, of which amount
$32,000 will constitute adequate protection for J.M. Brennan, Inc.
and $106,023 will constitute adequate protection for TCF Equipment
Finance and the Debtor will not use any portion of the Escrowed
Amount until further order of the Court.

                            About YMCA

The Young Men's Christian Association of Metropolitan Milwaukee,
Inc., and affiliate, YMCA Youth Leadership Academy, Inc., filed
voluntary Chapter 11 bankruptcy petitions (Bankr. E.D. Wis. Case
Nos. 14-27174 and 14-27175) in Milwaukee, on June 4, 2014.

YMCA Milwaukee, which has more than 100,000 members using its
centers and camps, plans to sell a majority of its owned real
estate to help pay down $29 million in debt.

YMCA Milwaukee estimated $10 million to $50 million in both assets
and liabilities.  YMCA Academy estimated $100,000 to $500,000 in
both assets and liabilities.  The formal schedules of assets and
liabilities are due June 18, 2014.

The Debtors are seeking joint administration of their Chapter 11
cases for procedural purposes.  The cases are assigned to Judge
Susan V. Kelley.

The Debtors have tapped Olivier H. Reiher, Esq., and Mark L. Metz,
Esq., at Leverson & Metz, S.C., in Milwaukee, as counsel.


YMCA MILWAKEE: Has Until Jan. 31 to File Chapter 11 Plan
--------------------------------------------------------
Bankruptcy Judge Susan V. Kelley extended The Young Men's
Christian Association of Metropolitan Milwaukee, Inc., et al.'s
exclusive periods to file a Chapter 11 Plan until Jan 31, 2015,
and solicit acceptances for that Plan until April 1.

The Young Men's Christian Association of Metropolitan Milwaukee,
Inc., and affiliate, YMCA Youth Leadership Academy, Inc., filed
voluntary Chapter 11 bankruptcy petitions (Bankr. E.D. Wis. Case
Nos. 14-27174 and 14-27175) in Milwaukee, on June 4, 2014.

YMCA Milwaukee, which has more than 100,000 members using its
centers and camps, plans to sell a majority of its owned real
estate to help pay down $29 million in debt.

YMCA Milwaukee estimated $10 million to $50 million in both assets
and liabilities.  YMCA Academy estimated $100,000 to $500,000 in
both assets and liabilities.  The formal schedules of assets and
liabilities are due June 18, 2014.

The Debtors are seeking joint administration of their Chapter 11
cases for procedural purposes.  The cases are assigned to Judge
Susan V. Kelley.

The Debtors have tapped Olivier H. Reiher, Esq., and Mark L. Metz,
Esq., at Leverson & Metz, S.C., in Milwaukee, as counsel.


ZYNEX INC: Incurs $5.56-Mil. Net Loss in Q2 Ended June 30
---------------------------------------------------------
Zynex, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net
loss of $5.56 million on $1.35 million of net revenue for the
three months ended June 30, 2014, compared to a net loss of $1.73
million on $5.47 million for the same period in the prior year.

The Company's balance sheet at June 30, 2014, showed $10.74
million in total assets, $12.84 million in total liabilities and
total stockholders' deficit of $2.1 million.

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

                       http://is.gd/14rODE

                           About Zynex

Zynex, founded in 1996, operates under five primary business
segments: Zynex Medical, NeuroDiagnostics, Monitoring Solutions,
International, and Billing and Consulting.



* Global Signs of Slowdown Ripple Across Markets
------------------------------------------------
Ian Talley, Brian Blackstone and Raymond Zhong, writing for The
Wall Street Journal, reported that gathering signs of slowdown
across many parts of the world, including Germany, China, Japan,
Brazil and South Africa, are roiling financial markets and
confounding policy makers, who after years of battling anemic
economic growth have limited tools left to jump-start a recovery.

According to the report, the pullback is sending tremors through
global markets, hammering equities after years of steady gains and
knocking down commodity prices, although the U.S. remains a
relative bright spot, particularly its job market, which is
gaining traction after years of fitful growth.


* U.S. & UK Meet to Discuss Key Components for G-SIB Resolution
---------------------------------------------------------------
The Bank of England and Federal Deposit Insurance Corporation
disclosed that the heads of the Treasuries and leading financial
regulatory bodies in the United States and United Kingdom on
Oct. 13 participated in an exercise designed to further the
understanding, communication, and cooperation between U.S. and
U.K. authorities in the event of the failure and resolution of a
global systemically important bank, or G-SIB.

The event was hosted by Federal Deposit Insurance Corporation
Chairman Martin Gruenberg.

Additional participants from the United States were Treasury
Secretary Jacob J. Lew, Board of Governors of the Federal Reserve
System Chair Janet Yellen, Comptroller of the Currency Thomas
Curry, U.S. Securities and Exchange Commission Chair Mary Jo
White, U.S. Commodity Futures Trading Commission Chairman Timothy
Massad, Federal Deposit Insurance Corporation Vice Chairman Thomas
Hoenig, Federal Deposit Insurance Corporation Board Member
Jeremiah Norton, Federal Reserve Board Governor Daniel Tarullo,
Federal Reserve Bank of New York President William Dudley, and
Deputy Treasury Secretary Sarah Bloom Raskin.

Participants from the United Kingdom were Chancellor of the
Exchequer George Osborne, Bank of England Governor Mark Carney,
Deputy Governor for Financial Stability Sir Jon Cunliffe, Deputy
Governor for Prudential Regulation and Chief Executive Officer of
the Prudential Regulation Authority Andrew Bailey, Deputy Governor
for Markets & Banking Minouche Shafik; and Financial Conduct
Authority Chief Executive Martin Wheatley.

The exercise's high level discussion furthered understanding among
these principals regarding G-SIB resolution strategies under U.S.
and U.K. resolution regimes, aspects of those strategies requiring
coordination between U.S. and U.K. authorities, and key challenges
to the successful resolution of U.S. and U.K. G-SIBs.  This
exercise builds on prior bilateral work between U.S. and U.K.
authorities, which, since late 2012, has included the publication
of a joint paper on G-SIB resolution, participation in detailed
simulation exercises for G-SIB resolution, and participation in
other joint G-SIB resolution planning efforts.

The exercise demonstrates the continued commitment of the United
States and the United Kingdom since the financial crisis to
promote a safer and sounder financial system by cooperating to
address issues involved in the orderly resolution of large and
complex financial institutions without cost to taxpayers.  Both
countries reiterated their commitment to the Financial Stability
Board's ongoing work concerning G-SIB resolution.  The exercise
was timed to coincide with the IMF annual meeting.



                             *********

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.


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