TCR_Public/141018.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Saturday, October 18, 2014, Vol. 18, No. 290

                            Headlines

AGFEED USA: Cash Balance Slides to $7.53 Million at Aug. 31
ALLONHILL LLC: Suffers $209,201 Net Loss in August
ATLS ACQUISITION: Cash Balance Down to $13.20MM at August 31
COLDWATER CREEK: Incurs $17.48 Million Net Loss at August 31
GLOBAL AVIATION: Lists $1.92 Million Net Revenue in August

GLOBAL AVIATION: Ends September with Zero Cash
NATROL INC: Net Loss Down Further to $403,302 in August
OPTIM ENERGY: Net Income Increases to $3.66 Million at August 31
PITT PENN: Cash Balance Increases to $41,076 at August 31
SCOOTER STORE: Net Loss Decreases to $83,941 in August

SEARS METHODIST: Cash Balance Dips to -$996,916 at August 31
SIMPLEXITY LLC: Net Loss Decreases to $68,491 in June


                             *********

AGFEED USA: Cash Balance Slides to $7.53 Million at Aug. 31
-----------------------------------------------------------
AgFeed USA, LLC, et al., on Sept. 30, 2014, filed their monthly
operating report for the month of August 2014.

The Debtors' statement of operations showed a net loss of $688,897
in August on zero revenue, an increase from the $595,524 net loss
incurred for the previous month.

The Debtors declared total assets of $10.95 million, total
liabilities of $4.91 million, and a total shareholders' equity of
$6.04 million.

The Debtors had $8.04 million cash at August 1.  They reported
zero receipts and $498,845 in total disbursements for the month.
The Debtors spent $24,039 in Restructuring Professional Fees.  At
month end, the Debtors had $7.53 million cash.

A copy of the monthly operating report is available at:

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

                    About AgFeed Industries

AgFeed Industries, Inc., has 21 farms and five feed mills in China
producing more than 250,000 hogs annually. In the U.S., the
business included 10 sow farms in three states and two feed mills
producing more than one million hogs a year. AgFeed's revenue in
2012 was $244 million.

AgFeed and its affiliates filed voluntary petitions under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 13-11761) on
July 15, 2013, with a deal to sell most of its subsidiaries to The
Maschhoffs, LLC, for cash proceeds of $79 million, absent higher
and better offers.  The Debtors estimated assets of at least $100
million and debts of at least $50 million.

Keith A. Maib signed the petition as chief restructuring officer.
Hon. Brendan Linehan Shannon presides over the case.  Donald J.
Bowman, Jr., and Robert S. Brady, Esq., at Young, Conaway,
Stargatt & Taylor, serve as the Debtors' counsel.   BDA Advisors
Inc. acts as the Debtors' financial advisor.  The Debtors' claims
and noticing agent is BMC Group, Inc.

The U.S. Trustee has appointed a five-member official committee of
unsecured creditors to the Chapter 11 cases.  The Creditors'
Committee tapped Lowenstein Sandler as lead bankruptcy counsel and
Greenberg Traurig, LLP, as co-counsel.  CohnReznick LLP serves as
the Creditors' Committee's financial advisor.

An official committee of equity security holders was also
appointed to the Chapter 11 cases.  The Equity Committee tapped
Sugar Felsenthal Grais & Hammer LLP and Elliott Greenleaf as
co-counsel.

Jefferies Leveraged Credit Products and Claims Recovery Group are
represented by Lawrence J. Kotler, Esq., and Catherine B.
Heitzenrater, Esq., at Duane Morris, LLP.


ALLONHILL LLC: Suffers $209,201 Net Loss in August
--------------------------------------------------
Allonhill LLC, on Sept. 19, 2014, filed a monthly operating report
for August 2014.

The Debtor suffered a net loss of $209,201 on zero revenue in
August, a big decrease from the $672,259 net loss incurred for the
previous month.

At Aug. 31, t he Debtor recorded $9.31 million in total assets,
$32.94 million in total liabilities, and a total shareholders'
equity of -$23.63 million.

The Debtor started the month with a cash balance of $7.44 million.
It recorded total receipts of $15,293 and total disbursements of
$222,037.  The disbursements include professional fees of
$206,109.  At month end, the Debtors had a cash balance of $7.23
million.

A copy of the monthly operating report is available at:

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

                      About Allonhill LLC

Allonhill LLC, a professional services firm based in Denver,
Colorado, that previously provided loan due diligence and credit
risk management services for institutions that invest in, sell,
securitize or service mortgage loans, sought protection under
Chapter 11 of the Bankruptcy Code on March 26, 2014.  The case is
In re Allonhill, LLC, Case No. 14-bk-10663 (Bankr. D. Del.).

The Debtor's general counsel is Hogan Lovells US LLP.  Local
counsel to the Debtor are Neil B. Glassman, Esq., Justin R.
Alberto, Esq., and Evan T. Miller, Esq., at Bayard, P.A., in
Wilmington, Delaware.  William & Connolly LLP as well as Haddon,
Morgan, and Foreman, P.C., serve as special appellate counsel.
Upshot Services LLC serves as the Debtor's claims and noticing
agent.  EKS&H LLP is tax accountant and auditor to the Debtor.

The Debtor disclosed $19,205,062 in assets and $32,918,294 in
liabilities as of the Chapter 11 filing.

Roberta A. DeAngelis, U.S. Trustee for Region 3, notified the
Bankruptcy Court that she was unable to appoint an official
committee of unsecured creditors in the case of Allonhill, LLC.
The U.S. Trustee explained that there were insufficient response
to the communication/contact for service on the committee.

                         *     *     *

The Debtor won an extension of its exclusive right to file a plan
through July 24, 2015.


ATLS ACQUISITION: Cash Balance Down to $13.20MM at August 31
------------------------------------------------------------
ATLS Acquisition, LLC, and its affiliates, filed, on Oct. 7, 2014
a monthly operating report for August 2014.

The Debtors suffered a net loss of $10.04 million in August over
net revenues of $18.82 million, a big increase from the $3.28
million net loss incurred in July.

At August 31, the Debtors posted total assets of $124.50 million,
total liabilities of $75.45 million, and a total shareholders'
equity of $49.05 million.

At August 1, the Debtors had $14.82 million cash.  They recorded
total receipts of $18 million and total disbursements of  $19.62
million.  At month end, the Debtors had $13.20 million cash.

A copy of the monthly operating report is available at:

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

                      About Liberty Medical

Entities that own diabetics supply provider Liberty Medical led by
ATLS Acquisition, LLC, sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 13-10262) on Feb. 15, 2013, just less than
three months after a management buy-out and amid a notice by the
lender who financed the transaction that it's exercising an option
to acquire the business.

Liberty has been in business for 22 years serving the needs of
both type 1 and type 2 diabetic patients.  Liberty is a mail order
provider of diabetes testing supplies. In addition to diabetes
testing supplies, the Debtors also sell insulin pumps and insulin
pump supplies, ostomy, catheter and CPAP supplies and operate a
large mail order pharmacy.  Liberty operates in seven different
locations and has 1,684 employees.

Dennis A. Meloro, Esq., at Greenberg Traurig, LLP, serves as the
Debtor's counsel; Ernst & Young LLP to provide investment banking
advice; and Epiq Bankruptcy Solutions, LLC, as claims and noticing
agent for the Clerk of the Bankruptcy Court.

An official committee of unsecured creditors has been appointed in
the case and consists of LifeScan, Inc., Abbott Laboratories, and
Teva Pharmaceuticals USA, Inc.  They are represented by Joseph H.
Huston Jr., Esq., Maria Aprile Sawczuk, Esq., and Camille C. Bent,
Esq., of Stevens & Lee P.C. as well as Bruce Buechler, Esq., S.
Jason Teele, Esq., and Nicole Stefanelli, Esq. of Lowenstein
Sandler LLP.  The Committee has tapped Mesirow Financial
Consulting, LLC, as financial advisors.

                          *     *     *

ATLS Acquisition, LLC, et al., filed with the U.S. Bankruptcy
Court for the District of Delaware a joint plan of reorganization
and an accompanying disclosure statement, which propose to fund a
liquidating trust with proceeds from the sale of the Debtors'
assets.  A full-text copy of the Disclosure Statement dated
Aug. 15, 2014, is available at http://is.gd/aLMnQP


COLDWATER CREEK: Incurs $17.48 Million Net Loss at August 31
------------------------------------------------------------
Coldwater Creek, Inc., et al., filed, on Sept. 25, 2014, their
monthly operating report for the period from Aug. 3 to 30, 2014.

The Debtors incurred $17.38 million in net losses in August over
net sales of $2.29 million, a reversal from the $80.49 million net
income listed at Aug. 2.

At Aug. 30, the Debtors had total assets of $33.31 million, total
liabilities of $126.29 million, and a total shareholders' equity
of -$92.98 million.

The Debtors started the period with a cash balance of $16.19
million.  They reported $20.42 million in total receipts and
$18.80 million in total disbursements.  At Aug. 30, the Debtors
had $17.56 million cash.

A copy of the monthly operating report is available at:

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

                     About Coldwater Creek

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

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

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

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

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

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

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


GLOBAL AVIATION: Lists $1.92 Million Net Revenue in August
----------------------------------------------------------
Global Aviation Holdings, Inc., et al. filed, on Sept. 26, 2014, a
monthly operating report for August 2014.

The Debtors recorded a net revenue of $1.92 million for the month.

The Debtors declared total assets of $500.13 million, total
liabilities of $349.42 million, and total equity of $150.7
million.

The Debtors started August with $839,027 cash.  They posted total
receipts of $823,050 and total disbursements of $234,489.  As a
result, the Debtors had $1.42 million cash at the end of the
month.

A copy of the monthly operating report is available at:

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

                About Global Aviation Holdings

Global Aviation Holdings Inc. -- http://www.glah.com-- the parent
company of North American Airlines and World Airways, sought
Chapter 11 bankruptcy protection on Nov. 12, 2013.  North American
Airlines, founded in 1989, operates passenger charter flights
using B767-300ER aircraft.  Founded in 1948, World Airways --
http://www.woa.com-- operates cargo and passenger charter flights
using B747-400 and MD-11 aircraft.

The parent of World Airways Inc. and North American Airlines Inc.
implemented a prior Chapter 11 reorganization in February 2013.
The new case is In re Global Aviation Holdings Inc., 13-12945,
U.S. Bankruptcy Court, District of Delaware (Wilmington).  The
prior case was In re Global Aviation Holdings Inc., 12-bk-40783,
U.S. Bankruptcy Court, Eastern District New York (Brooklyn).

Peachtree City, Georgia-based Global blamed the new bankruptcy on
decreased flying for the government that reduced revenue for the
first nine months of this year to $354 million from $486 million
in the same period of 2012.

The 2013 petition shows assets and debt both exceeding $500
million. In the first bankruptcy, Global listed $589.8 million in
assets and debt of $493.2 million.

In the 2013 case, the Debtors were represented by Kourtney Lyda,
Esq., at Haynes and Boone, LLP, in Houston, Texas; and Christopher
A. Ward, Esq., at Polsinelli PC, in Wilmington, Delaware.

The first lien agent is represented by Michael L. Tuchin, Esq., at
Klee, Tuchin, Bogdanoff & Stern LLP, in Los Angeles, California.

Wells Fargo Bank, National Association, agent to the second
lienholders and third lienholders, is represented by Mildred
Quinones-Holmes, Esq., at Thompson Hines LLP, in New York.

World Airways Inc. ceased operations on March 27, 2014, after its
bankrupt parent was unable to secure necessary funding to keep the
charter operator airborne.


GLOBAL AVIATION: Ends September with Zero Cash
----------------------------------------------
Global Aviation Holdings, Inc., et al., filed, on Sept. 29, 2014,
their monthly operating report for the month of September 2014.

The Debtors had $1.42 million cash at Sept. 1.  They listed
$411,987 in total receipts and $1.83 million in total
disbursements.  At the end of the month, the Debtors had zero
cash.

A copy of the monthly operating report is available at:

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

                About Global Aviation Holdings

Global Aviation Holdings Inc. -- http://www.glah.com-- the parent
company of North American Airlines and World Airways, sought
Chapter 11 bankruptcy protection on Nov. 12, 2013.  North American
Airlines, founded in 1989, operates passenger charter flights
using B767-300ER aircraft.  Founded in 1948, World Airways --
http://www.woa.com-- operates cargo and passenger charter flights
using B747-400 and MD-11 aircraft.

The parent of World Airways Inc. and North American Airlines Inc.
implemented a prior Chapter 11 reorganization in February 2013.
The new case is In re Global Aviation Holdings Inc., 13-12945,
U.S. Bankruptcy Court, District of Delaware (Wilmington).  The
prior case was In re Global Aviation Holdings Inc., 12-bk-40783,
U.S. Bankruptcy Court, Eastern District New York (Brooklyn).

Peachtree City, Georgia-based Global blamed the new bankruptcy on
decreased flying for the government that reduced revenue for the
first nine months of this year to $354 million from $486 million
in the same period of 2012.

The 2013 petition shows assets and debt both exceeding $500
million. In the first bankruptcy, Global listed $589.8 million in
assets and debt of $493.2 million.

In the 2013 case, the Debtors were represented by Kourtney Lyda,
Esq., at Haynes and Boone, LLP, in Houston, Texas; and Christopher
A. Ward, Esq., at Polsinelli PC, in Wilmington, Delaware.

The first lien agent is represented by Michael L. Tuchin, Esq., at
Klee, Tuchin, Bogdanoff & Stern LLP, in Los Angeles, California.

Wells Fargo Bank, National Association, agent to the second
lienholders and third lienholders, is represented by Mildred
Quinones-Holmes, Esq., at Thompson Hines LLP, in New York.

World Airways Inc. ceased operations on March 27, 2014, after its
bankrupt parent was unable to secure necessary funding to keep the
charter operator airborne.


NATROL INC: Net Loss Down Further to $403,302 in August
-------------------------------------------------------
Natrol, Inc., et al., filed, on Sept. 30, 2014, their monthly
operating report for August 2014.

The Debtors posted $402,302 in net losses over $7.75 million in
net sales for August, a big improvement from the $1.39 million net
loss incurred in July.

The Debtors declared total assets of $123.55 million, total
liabilities of $91.42 million, and a total shareholders' equity of
$32.14 million.

The Debtors had a cash balance of $8.74 million at August 1.  They
listed total receipts of $13.83 million and total disbursements of
$8.06 million.   The disbursements include Bankruptcy Related
Professional Fees of $1.01 million.  They had a closing book
balance of $6.17 million at August 31.  After taking into account
outstanding checks of $908,143, the Debtors had an ending cash
balance (bank) of 7.08 million.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/NATROLINCaug2014mor.pdf

                      About Natrol, Inc.

Headquartered in Chatsworth, Calif., Natrol, Inc. --
http://www.natrol.com-- is a wholly owned subsidiary of Plethico
Pharmaceuticals Limited.  Plethico Pharmaceuticals Limited (BSE:
532739. BO: PLETHICO) engages in the manufacturing, marketing and
distribution of pharmaceutical and allied healthcare products
around the world.  Natrol products are made in the U.S.
Established in 1980, Natrol, Inc. has been a global leader in the
nutrition industry, and a trusted manufacturer and marketer of a
superior quality of herbs and botanicals, multivitamins, specialty
and sports nutrition supplements made to support health and
wellness throughout all ages and stages of life.  Natrol products
are available in health food stores, drug and grocery stores, and
mass-market retailers, and through Natrol.com and other online
retailers.  Natrol distributes products nationally through more
than 54,000 retailers as well as internationally in over 40 other
countries through distribution partners.

Natrol, Inc., and its six affiliates sought bankruptcy protection
on June 11, 2014 (Case No. 14-11446, Bankr. D. Del.).  The case is
assigned to Judge Brendan Linehan Shannon.  The Debtors are
represented by Robert A. Klyman, Esq., and Samuel A. Newman, Esq.,
at GIBSON, DUNN & CRUTCHER LLP, in Los Angeles, California; and
Michael R. Nestor, Esq., Maris J. Kandestin, Esq., and Ian J.
Bambrick, Esq., at YOUNG CONAWAY STARGATT & TAYLOR, LLP, in
Wilmington, Delaware.  The Debtors' Claims and Noticing Agent is
EPIQ SYSTEMS INC.

The Debtors requested that the Court approve the employment of (i)
Jeffrey C. Perea of the firm Conway MacKenzie Management Services,
LLC as chief financial officer and for CMS to provide temporary
employees to assist Mr. Perea in carrying out his duties; (ii)
Stephen P. Milner of the firm Squar, Milner, Peterson, Miranda &
Williamson LLP as chief restructuring officer and for CMS to
provide temporary employees to assist Mr. Milner in carrying out
his duties; (iv) BDO USA, LLP as auditor; (v) TaxGroup Partners as
tax services provider.

The U.S. Trustee for Region 3 on June 19 appointed five creditors
of Natrol, Inc. to serve on the official committee of unsecured
creditors.  The Committee tapped to retain Otterbourg P.C. as lead
counsel; (ii) Pepper Hamilton LLP as Delaware counsel; and (iii)
CMAG as financial advisors.


OPTIM ENERGY: Net Income Increases to $3.66 Million at August 31
----------------------------------------------------------------
Optim Energy, LLC, and its affiliates, on Oct. 10, 2014, filed a
monthly operating report for August 2014.

The Debtors' consolidated statement of operations showed a net
income from operations of $4.75 million on operating revenues of
$32.64 million for August.  After taking into account
reorganization costs of $1.09 million, the Debtors had a net
income of $3.66 million for the month.

At Aug. 31, the Debtors posted total assets of $961.64 million,
total liabilities of $759.01 million, and a total shareholders'
equity of $202.63 million.

Optim Energy LLC recorded $24,493 in total receipts and $2.07
million in total disbursements for the month.

A copy of the monthly operating report is available at:

        http://bankrupt.com/misc/OPTIMENERGYaug2014mor.pdf

                       About Optim Energy

Optim Energy, LLC, and its affiliates are power plant owners
principally engaged in the production of energy in Texas's
deregulated energy market.  Optim owns and operates three power
plants in eastern Texas: the Twin Oaks plant in Robertson County,
Texas, the Altura Cogen plant in Harris County, Texas and the
Cedar Bayou plant in Chambers County, Texas.  The Altura and Cedar
Bayou plants are fueled by natural gas, and the third is coal-
fired.

Optim Energy and its affiliates sought Chapter 11 protection from
creditors (Bankr. D. Del. Lead Case No. 14-10262) on Feb. 12,
2014.

The Debtors have tapped Bracewell & Giuliani LLP and Morris,
Nichols, Arsht & Tunnell LLP as attorneys; Protiviti Inc. as
restructuring advisors; and Prime Clerk LLC as claims agent.

Optim Energy, LLC scheduled $6,948,418 in assets and $716,561,450
in liabilities.  Optim Energy Cedar Bayou 4, LLC, disclosed
$183,694,097 in assets and $717,646,180 in liabilities as of the
Chapter 11 filing.  The Debtors have $713 million of outstanding
principal indebtedness.

On Feb. 27, 2014, Roberta A. DeAngelis, U.S. Trustee for Region 3,
notified the Bankruptcy Court that she was unable to appoint an
official committee of unsecured creditors in the Debtors' cases.
The U.S. Trustee explained that there were insufficient responses
to her communication/contact for service on the committee.


PITT PENN: Cash Balance Increases to $41,076 at August 31
---------------------------------------------------------
Pitt Penn Holding Company, Inc., on Sept. 23, 2014, filed its
monthly operating report for the month of August 2014.

The Debtors posted a net loss of $15,960 on zero revenue for
August.

The Debtors reported $9.83 million in total assets, $15.15 million
in total liabilities, and -$5.44 million in total shareholders'
equity.

The Debtor started the month with a cash balance of $30,820.  It
reported total receipts of $26,00 and total disbursements of
$15,743.  Among the disbursements were professional fees of
$2,173.  At August 31, the Debtor had $41,076 cash.

A copy of the monthly operating report is available at:

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

                       About Pitt Penn

Pitt Penn Holding Co., Inc., and Pitt Penn Oil Co., LLC, each
filed voluntary petitions for Chapter 11 relief (Bankr. D. Del.
Case Nos. 09-11475 and 09-11476) on April 30, 2009.  Industrial
Enterprises of America, Inc., f/k/a Advanced Bio/Chem, Inc., filed
for Chapter 11 protection (Bankr. D. Del. Case No. 09-11508) on
May 1, 2009.  EMC Packaging, Inc., filed a voluntary petition for
Chapter 11 relief (Bankr. D. Del. Case No. 09-11524) on May 4,
2009.  Unifide Industries, LLC, and Today's Way Manufacturing LLC,
each filed a voluntary petition for Chapter 11 relief (Bankr. D.
Del. Case Nos. 09-11587 and 09-11586) on May 6, 2009.

PPH, PPO, EMC, Unifide, and Today's Way are each subsidiaries of
IEAM.  The cases are jointly administered under Case No. 09-11475.

Christopher D. Loizides, Esq., at Loizides, P.A., in Wilmington,
Del., represents the Debtors as counsel.  In its petition,
Industrial Enterprises disclosed total assets of $50,476,697 and
total debts of $17,853,997.

Industrial Enterprises originally operated as a holding company
with four wholly owned subsidiaries, PPH, EMC, Unifide, and
Today's Way.  PPH, through its wholly owned subsidiary, PPO, was a
leading manufacturer, marketer and seller of automotive chemicals
and additives.

EMC's original business consisted of converting hydrofluorocarbon
gases R134a and R152a into branded private label refrigerant and
propellant products.  Unifide was a leading marketer and seller of
automotive chemicals and additives.  Today's Way manufactured and
packaged the products which were sold by Unifide.

Norman L. Pernick was appointed as the chapter 11 trustee for the
Debtors.  The trustee tapped Cole, Schotz, Meisel, Forman &
Leonard, P.A., as counsel, and CohnReznick LLP as his exclusive
financial advisor.


SCOOTER STORE: Net Loss Decreases to $83,941 in August
------------------------------------------------------
The Scooter Store Holdings, Inc., et al., filed, on Sept. 29,
2014, a monthly operating report for August 2014.

The Debtors' consolidated statement of operations showed a net
loss of $83,941 in August on zero sales, a small decrease from the
$108,224 net loss incurred for the previous month.

At Aug. 31, the Debtors posted total assets of $1.48 million,
total liabilities of $120.36 million, and a total shareholders'
deficit of $118.89 million.

The Debtors had $1.27 million cash at the beginning of the month.
They listed total receipts of $34,614, total operating
disbursements of $33,239 and total non-operating disbursements of
$123,545.  The Debtors recorded a closing book balance of $1.15
million.  After taking into account outstanding checks of $49,463,
the Debtors had an ending cash balance (bank) of $1.20 million.

A copy of the monthly operating report is available at:

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

                   About The Scooter Store

The Scooter Store is a supplier of power mobility solutions,
including power wheelchairs, scooters, lifts, ramps, and
accessories.  The Scooter Store's products and services provide
today's seniors and disabled persons potential alternatives to
living in nursing homes or other care facilities.  Headquartered
in New Braunfels, Texas, the Scooter Store has a nationwide
network of distribution centers that service products owned or
leased by the Company's customers.  It has 57 distribution
centers in 41 states.

Scooter Store Holdings Inc., and 71 affiliates filed for
Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 13-10904) in
Wilmington.  The closely held company listed assets of less than
$10 million and debt of more than $50 million.

Affiliates of private equity firm Sun Capital Partners, based in
Boca Raton, Florida, purchased a majority voting interest in the
debtors in 2011.  Scooter Store is 66.8 percent owned by Sun
Capital Partners Inc., owed $40 million on a third lien.  In
addition to Sun's debt and $25 million on a second lien owing to
Crystal Financial LLC, there is a $25 million first-lien revolving
credit owing to CIT Healthcare LLC as agent.  Crystal is providing
$10 million in financing for bankruptcy.


SEARS METHODIST: Cash Balance Dips to -$996,916 at August 31
------------------------------------------------------------
Sears Methodist Retirement System, Inc., on Oct. 9, 2014, filed
its monthly operating report for the month of August 2014.

The Debtor reported a net loss of $246,008 with a net revenue of
$483,182 for the month, a reversal from the net profit of $604,301
recorded in the previous month.

At August 31, the Debtor had $36.79 million in total assets,
$105.99 million in total liabilities, and -$69.20 million in total
shareholders' equity.

The Debtor started August with $93,738 cash.  It listed $6,804 in
total receipts and $1.10 million in total disbursements.  At month
end, the Debtor had a cash balance of -$996,916 cash.

A copy of the monthly operating report is available at:

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

                     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.


SIMPLEXITY LLC: Net Loss Decreases to $68,491 in June
-----------------------------------------------------
Simplexity, LLC, et al., filed, on Oct. 2, 2014, a monthly
operating report for the month of June 2014.

Simplexity LLC reported a net loss of $68,491 in June, a large
decrease from the $960,179 net loss incurred in the previous
month.

At June 30, the Debtor posted $23.43 million in total assets,
$102.36 million in total liabilities, and -$78.93 million in total
shareholders' equity.

Simplexity, LLC had $11.71 million cash at June 1.  It posted
total receipts of $212,166 and total disbursements of $261,831.
The disbursements include professional fees of $559,245.  At month
end, the Debtor had $11.66 million cash.

A copy of the monthly operating report is available at:

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

                       About Simplexity

Simplexity, LLC, a defunct cellphone activator, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No.
14-10569) on March 16, 2014.  The case is before Judge Kevin
Gross.  The Debtors' counsel is Kenneth J. Enos, Esq., and Robert
S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, LLP, in
Wilmington, Delaware.  Prime Clerk LLC serves as claims and
noticing agent.  Simplexity hired Rutberg & Co. as investment
banker.

Simplexity LLC and Simplexity Services LLC both estimated
$10 million to $50 million in assets, and $50 million to $100
million in liabilities.

The U.S. Trustee for Region 3 appointed five members to an
official committee of unsecured creditors.  Peter S. Partee, Sr.,
Esq., and Michael P. Richman, Esq., at Hunton & Williams LLP, in
New York; and Christopher A. Ward, Esq., and Shanti M. Katona,
Esq., at Polsinelli PC, in Wilmington, Delaware, represent the
Committee.


                             *********

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
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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 202-362-8552.


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