TCR_Public/141023.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Thursday, October 23, 2014, Vol. 18, No. 295

                            Headlines

A.M. CASTLE: Moody's Lowers Corporate Family Rating to Caa2
ACCREDITED HOME: Accredited REIT Trust Adopts Liquidation Plan
ALCO STORES: Great American Touts Lead Bid for ALCO Liquidation
AMERICAN ENERGY: Incurs $1.39-Mil. Net Loss in FY Ended June 30
AMERICAN RESOURCE: Shouldn't Sell to Daughter, Examiner Says

ARCHDIOCESE OF MILWAUKEE: Returns to Bankruptcy Court
ASARCO LLC: Sesa Sterlite Pays $82.75-Mil. for Failed Purchase
ASSOCIATED WHOLESALERS: Buyers to Renegotiate With Teamsters
AVIATION SERVICES: Sued by Ports Authority for Contract Breach
AXION INTERNATIONAL: Stockholders OK Reverse Stock Split

BERNARD L. MADOFF: JPMorgan Deal Won't Unravel Fund Settlement
BIOFUEL ENERGY: Stockholders Approve JBGL Builder Acquisition
BLOCK COMMUNICATIONS: Moody's Rates Proposed $225MM Term Loan B1
BLUE RIBBON: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
CASTLE-ROSE INC: Case Summary & 20 Largest Unsecured Creditors

CLUB AT SHENANDOAH: Western Golf Okayed as Bookkeeper
COASTLINE INVESTMENT: Hearing on Dismissal Bid Moved to Nov. 4
CRUNCHIES FOOD: $250,000 DIP Financing from Delaski Approved
CRUNCHIES FOOD: Cash Collateral Access Expires on Oct. 24
D.A.B. GROUP: Defends Hiring of Counsel and Real Estate Broker

D.A.B. GROUP: Reorganization Plan Mulls Future Sale
DARDEN RESTAURANTS: Fitch Rates Credit Protection in BB Territory
DAYCO LLC: S&P Affirms 'B+' CCR & Revises Outlook to Stable
DAYCO LLC: Moody's Affirms 'B2' Corporate Family Rating
DOMARK INT'L: Posts $658K Net Loss in Aug. 31 Quarter

EFUSION SERVICES: Court Dismisses Chapter 11 Bankruptcy Case
ENERGY FUTURE: Wants to Tap Balch & Bingham as Special Counsel
FL 6801 SPIRITS: Z Capital Jilted by Canyon Ranch Hotel
FRIENDLY ICE CREAM: Friendly's Branch at Harrisburg, PA Closes
GELTECH SOLUTIONS: Issues 598,002 Common Shares COO

GENERAL MOTORS: Del High Court Interprets UCC Termination Rules
GLOBAL GEOPHYSICAL: Can Proceed with Dec. 5 Auction
GT ADVANCED: Court OKs Joint Administration of Bankruptcy Cases
H & S CERT. AUTO: Case Summary & 13 Unsecured Creditors
HOLLY HILL: Ch.11 Trustee Hires CBRE as Real Estate Broker

HOUSTON REGIONAL: Comcast's Appeal Expected If Court OKs Plan
HRK HOLDINGS: Can Access Additional Loan From Regions Bank
INTELLICELL BIOSCIENCES: Taps Dinosaur as Placement Agent
IHS INC: Moody's Assigns Ba1 Corp. Family Rating; Outlook Stable
IHS INC: S&P Assigns 'BB+' CCR on Proposed Refinancing

IHS INC: S&P Ratings Unaffected by Upsized Notes
KENNY G: Owner Defeated in Emein Suit Appeal
KID BRANDS: Gets Approval to Resolve Dispute With Disney Consumer
KO-KAUA OHANA: Propsoes GlassRatner as Interest Rate Expert
LEHMAN BROTHERS: Owes $38.6MM, Tobacco Settlement Fund Says

LIBERATOR INC: Issues Letter to Shareholders
LIQUIDMETAL TECHNOLOGIES: Stockholders Elected 6 Directors
MAIN STREET HOLDINGS: Case Summary & 20 Top Unsecured Creditors
MASON COPPELL: Has Nov. 24 Plan Confirmation Hearing
MEDICAL PROPERTIES: Moody's Affirms 'Ba1' Corp. Family Rating

MICHAEL GLYN BROWN: Court Limits Ex-Wife's Claim to $18,000
MVB HOLDING: Names Michael Cavanaugh as Gaming Commission Counsel
NATROL INC: Has Until February 2015 to File Plan
NAUTILUS HOLDINGS: Files Chapter 11 Plan
NEPHROS INC: Files 5 Million Shares Prospectus with SEC

NEW BERN RIVERFRONT: Weaver Can't Appeal Interlocutory Orders
NEW LOUISIANA: Palm Terrace Debtors Win Final Okay on DIP Loan
NEW LOUISIANA: Wants to Hire H. Kent Aguillard as Local Counsel
NEXT 1 INTERACTIVE: Incurs $1.8 Million Net Loss in Aug. 31 Qtr.
OCWEN FINANCIAL: Moody's Lowers Corporate Family Rating to B2

OCWEN FINANCIAL: S&P Lowers Issuer Credit Rating to 'B'
PACIFIC GOLD: OKs Assignment of $37,500 Outstanding Notes
PARTS HUB: Case Summary & 7 Unsecured Creditors
PSL-NORTH AMERICA: Seeks Extension of Plan Filing Date
PSM HOLDINGS: Reports $5.85-Mil. Net Loss for FY Ended June 30

RADNOR HOLDINGS: Suit v. Skadden, Tennenbaum Are Core Proceedings
RESIDENTIAL CAPITAL: Judge Bars 'Scurrilous' Filings by Creditor
RESIDENTIAL CAPITAL: Court Expunges Long Beach Claim
RETAIL PROPERTIES: S&P Assigns 'BB' Rating on Series A Pref. Stock
ROCK AIRPORT: Appeal Over MSA's Standing to File Plan Now Moot

ROCK AIRPORT: Loses Appeal Over MSA Claim Dispute
SAM ADAMS: Faces Eviction, Has Until Oct. 24 to Pay Landlord
SAN BERNARDINO, CA: Police Want Deadline for Filing a Plan
SCHWAB INDUSTRIES: Trust's Suit Against SS&G Parkland May Proceed
SEARS HOLDINGS: To Sell $625-Mil. 8% Senior Notes to Stockholders

SEARS HOLDINGS: S&P Assigns Preliminary 'B-' Rating
SEEGRID CORPORATION: Case Summary & 20 Top Unsecured Creditors
SENTINEL MANAGEMENT: BNY Mellon $312-Mil. Lawsuit Isn't Over
SHALE-INLAND HOLDINGS: Moody's Cuts Secured Notes Rating to Caa1
SOURCE HOME: Seeks February Extension of Exclusive Filing Date

SPECIALTY PRODUCTS: Nov. 14 Fixed as Proofs of Claim Deadline
STHI HOLDINGS: Synergy Health Deal No Impact on Moody's 'B2' CFR
TITAN INTERNATIONAL: Moody's Puts 'B1' CFR for Downgrade
TLC HEALTH: Deadline to Challenge Lenders' Liens Moved to Oct. 27
TPC GROUP: S&P Retains 'B' Rating Over $50MM Secured Notes Add-On

TRIKO LLC: Taps Snell & Wilmer as General Insolvency Counsel
TRINITY INDUSTRIES: FHA Demands New Testing on Guardrails
TRUMP ENTERTAINMENT: March 9 Set as Governmental Claims Bar Date
TRUMP ENTERTAINMENT: Taj Mahal Casino Threatens to Close
UNITEK GLOBAL: To File for Ch 11 Bankruptcy Before Nov. 11

UNIVISION NOTICIAS: Closing News Operation, To Lay Off 100 Staff
VOYAGER FOUNDATION: S&P Assigns 'BB+' Rating on Revenue Bonds
WILSON COUNTY MEMORIAL: S&P Raises Rating on 2003 GO Bonds to 'BB'
YELLOWSTONE MOUNTAIN: Founder's Wife Sued Over Yacht 'Piano Bar'
YOSHI'S SAN FRANCISCO: Jazz Club & Restaurant Renamed as Addition

* Mintz Levin's Bae Discusses 3rd Party Protections in Tort Cases

* Bingham McCutchen Law Firm Weighs Options
* John Harms Joins Huron Consulting Group as Managing Director

* Recent Small-Dollar & Individual Chapter 11 Filings


                             *********


A.M. CASTLE: Moody's Lowers Corporate Family Rating to Caa2
-----------------------------------------------------------
Moody's Investors Service downgraded A.M. Castle & Co.'s corporate
family rating to Caa2 from Caa1, its probability of default rating
to Caa2-PD from Caa1-PD and the rating on Castle's $225 million
senior secured notes to Caa2 from Caa1. The ratings outlook is
negative. The ratings downgrade and negative outlook reflect
Castle's recent weak operating results and deteriorating credit
metrics and the possibility that Castle's liquidity could become
stressed if it does not begin to produce positive free cash flow.
Moody's affirmed Castle's Speculative Grade Liquidity Rating of
SGL-3.

The following actions were taken:

Downgrades:

Corporate family rating, lowered to Caa2 from Caa1;

Probability of default rating, lowered to Caa2-PD from Caa1-PD;

Senior secured notes, lowered to Caa2 (LGD 4) from Caa1 (LGD 4)

Outlook Actions:

Outlook, assigned negative

Affirmations:

Speculative grade liquidity rating, affirmed at SGL-3

Ratings Rationale

A.M. Castle's Caa2 rating reflects its very high leverage,
negative interest coverage, recent operating losses, weak
competitive position and relatively small size versus other rated
steel distributors. The rating is supported by Castle's adequate
liquidity, which provides some flexibility to pursue operating
efficiency and sales improvement initiatives while contending with
volatile metals prices and uneven end market demand.

Castle's recent operating results have been very weak driven by
competitive market conditions, market share losses, severe winter
weather, uneven demand across key end markets, and execution
issues related to branch consolidations, systems conversions and
inventory management. As a result, the company's revenues have
declined by about 13.5% to $990 million and its adjusted EBITDA
has plunged 77% to $12 million during the LTM period ended June
2014 versus the prior year period. This has led to a significant
deterioration in Castle's credit metrics, with its adjusted
leverage ratio (Debt/EBITDA) rising to 31.3x from 7.2x and its
interest coverage ratio ((EBITDA-CapEx)/Interest Expense)
declining to -0.2x from 0.6x.

Moody's expects the company's operating results to remain under
pressure in the second half of 2014 since demand remains uneven
and nickel and aluminum prices have softened recently. In
addition, Castle may face challenges in regaining market share
which has been lost over the past few years as the company focused
on cost cutting and efficiency improvement initiatives and
appeared to have lost some of its commercial focus. Therefore,
Castle will likely produce adjusted EBITDA of only about $15
million in 2014 versus $32 million last year and $81 million in
2012. This will result in Castle's leverage ratio (Debt/EBITDA)
remaining elevated at about 27.0x and its interest coverage ratio
(EBITDA-CapEx/Interest Expense) very weak at about -0.1x since
capital expenditures will be roughly equal to adjusted EBITDA. The
company's operating results should improve in 2015 as they move
past the restructuring disruptions and execution issues
experienced in the past two years and start to benefit from a
lower cost structure and a shift in focus to commercial
development initiatives. However, Castle's EBITDA generation will
remain at historically depressed levels and its credit metrics
very weak for the company's rating.

Castle has an adequate liquidity profile. The company had about
$17 million of cash and $92 million of availability on its $125
million asset based revolver as of the end of June 2014. However,
the ABL revolver matures in December 2015 and the company has been
reliant on this facility since it has produced negative funds from
operations during the past six quarters and negative free cash
flow in the first half of 2014. Castle also utilizes this facility
to support seasonal and cyclical working capital fluctuations.

The negative ratings outlook assumes the company's operating
results and credit metrics will remain at historically depressed
levels and reflects the possibility that Castle's liquidity could
become stressed if it does not begin to produce positive free cash
flow.

The ratings are not likely to experience upward pressure in the
near term. However, a ratings upgrade could occur if the company
reduces its financial leverage below 6.0x and raises its interest
coverage above 1.0x.

A downgrade could occur if the leverage ratio remains above 7.0x
and the interest coverage ratio below 0.75x. A significant
reduction in borrowing availability or liquidity could also result
in a downgrade.

The principal methodology used in this rating was Global
Distribution & Supply Chain Services published in November 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.

A.M. Castle & Co. is a global distributor of specialty grade, high
performance steel, alloy and plastic products. The company sells
alloy and stainless steels, nickel alloys, aluminum, carbon and
titanium products in the form of bars, tubing, extrusions, plate
and sheet. Castle also performs a broad array of processing
services, such as cutting, grinding, shearing and heat treating to
meet specific customer requirements. End markets include
aerospace, oil and gas, heavy equipment and infrastructure. The
company generated revenues of $990 million for the twelve month
period ended June 30, 2014.


ACCREDITED HOME: Accredited REIT Trust Adopts Liquidation Plan
--------------------------------------------------------------
Pursuant to the Plan of Liquidation approved by shareholders on
January 17, 2013, the Board of Trustees of Accredited Mortgage
Loan REIT Trust has declared a partial liquidating distribution to
the holders of its 9.75% Series A Perpetual Cumulative Preferred
Shares in the aggregate amount of $5,117,097.50, representing
$1.25 per preferred share outstanding.  The distribution from
Accredited REIT will be paid on November 14, 2014, to holders of
record of its preferred shares as of the close of business on
November 3, 2014.

Accredited REIT has received various payments from the Liquidating
Trust and Consolidated Holdco estate in the matter styled In Re:
Accredited Home Lenders Holding Co., et al., Case No. 09-11516
pursuant to the provisions of the Debtors' Fifth Amended Chapter
11 Plan of Liquidation approved on May 24, 2011, by the U.S.
Bankruptcy Court for the District of Delaware.  Accredited REIT
also continues to collect in due course certain residual payments
on its assets.  Upon completion of this latest distribution,
Accredited REIT will have distributed an aggregate of
$70,615,945.50, or $17.25 per share, to its preferred shareholders
since confirmation of the Fifth Amended Plan.

Accredited REIT has received its final payment from the
Liquidating Trust in the AHL Bankruptcy.  Accredited REIT may
receive additional payments from the Consolidated Holdco estate
pursuant to the Fifth Amended Plan.  However, the timing and
amount of any such future payments are beyond the control of
Accredited REIT.  Copies of the Fifth Amended Plan, the Fifth
Amended Disclosure Statement, the Bankruptcy Court's Order
Confirming the Fifth Amended Plan and other information concerning
the AHL Bankruptcy may be found at www.kccllc.com

The Board of Trustees of Accredited REIT will declare additional
liquidating distributions to the holders of its preferred shares
if, as and to the extent determined in the sole discretion of its
Board of Trustees, subject to the provisions of law, the Plan of
Liquidation, and the Declaration of Trust of Accredited REIT, as
amended and supplemented to date.

Accredited Mortgage Loan REIT Trust, a subsidiary of Accredited
Home Lenders Holding Co., is a Maryland real estate investment
trust that was formed in May 2004 for the purpose of acquiring,
holding and managing real estate assets.  Statements regarding
future events constitute forward-looking statements within the
meaning of the federal securities laws.  Such statements are based
on current expectations, and the actual results and the timing of
certain events could differ materially from those contemplated by
these forward-looking statements due to a number of factors
including, but not limited to, developments in the AHL Bankruptcy
and the liquidity of Accredited REIT.

                       About Accredited Home

San Diego, California-based Accredited Home Lenders Holding Co. --
http://www.accredhome.com/-- was a mortgage banker servicing U.S.
markets for conforming and non-prime residential mortgage loans
operating throughout the U.S. and in Canada.  Accredited sold its
mortgage-servicing business in July 2009 as part of its
bankruptcy.

Accredited Home Lenders and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 09-11516) on May 1, 2009.
Gregory G. Hesse, Esq., Lynnette R. Warman, Esq., and Jesse T.
Moore, Esq., at Hunton & William LLP, serve as the Debtors'
bankruptcy counsel.  Laura Davis Jones, Esq., James E. O'Neill,
Esq., and Timothy P. Cairns, Esq., at Pachulski Stang Ziehl &
Jones LLP, serve as Delaware counsel.  Kurtzman Carson Consultants
is the Debtors' claims agent.  Andrew I Silfen, Esq., Schuyler G.
Carroll, Esq., Robert M. Hirsch, Esq., at Arent Fox LLP in New
York, and Jeffrey N. Rothleder, Esq., at Arent Fox LLP in
Washington, DC, represent the official committee of unsecured
creditors as co-counsel.  Neil R. Lapinski, Esq., and Shelley A.
Kinsella, Esq., at Elliott Greenleaf, represent the Committee as
Delaware and conflicts counsel.

Accredited Home Lenders estimated its assets at $10 million to
$50 million and its debts at $100 million to $500 million in
its Chapter 11 petition.


ALCO STORES: Great American Touts Lead Bid for ALCO Liquidation
---------------------------------------------------------------
Great American Group, Inc., has been selected as a stalking horse
bidder in the potential liquidation of ALCO Stores, Inc.

The Debtor is seeking to find a "going concern" buyer of the
business.  If ALCO is unsuccessful in securing a buyer of the
business, a bankruptcy auction will take place in mid-November
2014 with Great American along with joint venture partners SB
Capital and Tiger Capital selected as the stalking horse bidder.

"Great American has extensive experience working with very large
retailers and creditors in handling complicated and sensitive
situations such as the ALCO assignment," said Scott Carpenter,
President of GA Retail Solutions.  Great American is a leading
provider of asset disposition and auction solutions, advisory and
valuation services, capital investment, and real estate advisory
services.

"Since the combination of Great American and B. Riley in June of
this year, the two groups have been actively working together to
identify new business opportunities," said Bryant Riley, Chairman
of both the combined company and of broker dealer B. Riley & Co.
LLC.  "In addition to increased activity in the liquidation
business, the synergies between Great American and B. Riley have
presented opportunities in the auctions business, GA Capital,
appraisals, real estate assignments and capital markets
engagements."

Two recently announced retail liquidation assignments include
Naartjie Custom Kids, Inc., and Love Culture, Inc.  In the
Naartjie engagement, Great American was selected to handle the
liquidation of all 56 Naartjie locations in the U.S. containing
merchandise with an approximate retail value of $28 million.  In
the Love Culture engagement, Great American was selected to manage
store closing sales at all 55 locations containing merchandise
with a retail value of approximately $24 million.

A recently announced auction assignment included Todd-Soundelux in
which Great American's auction division, GA Global Partners, was
one of two companies selected to handle the auction of 3,000 lots
of equipment and assets at over $10 million of cost value for the
famed post-production studio.

In addition to U.S.-based auction assignments, GA Global Partners
has expertise in handling international situations, including the
recently announced auction of over $100 million of surplus mining
and construction equipment from PT Asmin Koalindo Tuhup & PT
Borneo Mining Services, located in Jakarta, Indonesia.

"Great American and B. Riley combined have significant experience
in the Retail and Consumer sectors," added Mr. Riley.  "Our B.
Riley capital markets group represents many name brand retailers
in their financial advisory or capital raising needs.  In
September, B. Riley was selected to advise and lead the execution
of Wet Seal's newly announced financing plan."

                       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.


AMERICAN ENERGY: Incurs $1.39-Mil. Net Loss in FY Ended June 30
---------------------------------------------------------------
The American Energy Group, Ltd., filed with the U.S. Securities
and Exchange Commission on Oct. 14, 2014, its annual report on
Form 10-K for the fiscal year ended June 30, 2014.

Pritchett, Siler & Hardy, P.C., expressed substantial doubt about
the Company's ability to continue as a going concern, citing that
the Company has incurred losses and negative cash flows from
operations.

The Company reported a net loss of $1.39 million on $1.11 million
of revenue for the fiscal year ended June 30, 2014, compared with
a net loss of $79,419 on $1.22 million of revenue last year.

The Company's balance sheet at June 30, 2014, showed $4.79 million
in total assets, $1.1 million in total liabilities and
stockholders' equity of $3.69 million.

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

                       http://is.gd/UC01na

Westport, Connecticut-based The American Energy Group, Ltd.,
operates as an energy resource royalty company.  It owns an
interest in two oil and gas leases located in Southeast Texas; and
holds 18% overriding royalty interest in the Yasin Concession
located in Pakistan.  The Company also holds a 2.5% working
interest on oil and gas production acreage in Sanjawi Block
located in Baluchistan Province and in Zamzama North Block located
in Sindh Province, Pakistan.  The Company was formerly known as
Belize-American Corp. Internationale and changed its name to The
American Energy Group, Ltd. in November 1994.


AMERICAN RESOURCE: Shouldn't Sell to Daughter, Examiner Says
------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Jennifer Rood, the examiner appointed in the
Chapter 11 case of American Resource Staffing Network Inc.,
recommended that the bankruptcy judge in New Hampshire deny
approval of the sale of the temporary staffing company to the
owner's daughter.

According to the report, Ms. Rood pointed out that the sale
contract, nominally for $2.4 million, has no fixed payments and
the daughter would pay as much as $500,000 in installments from
net income for years.  Consequently, the business could continue
even if the purchase price weren't paid, the examiner said, the
report related.

                    About American Resource

American Resource Staffing Network, Inc., and American Resource
Network, Inc., which places hundreds of workers into New England
companies that need temporary help, sought protection under
Chapter 11 of the Bankruptcy Code on July 31, 2014.  The lead case
is In re American Resource Staffing Network, Inc., Case No. 14-
11527 (Bankr. D.N.H.).

The Debtors are represented by Deborah A. Notinger, Esq., at
Cleveland, Waters & Bass, P.A., in Nashua, New Hampshire, and
Steven M. Notinger, Esq., at Cleveland, Waters & Bass, P.A., in
Concord, New Hampshire.


ARCHDIOCESE OF MILWAUKEE: Returns to Bankruptcy Court
-----------------------------------------------------
Tom Corrigan, writing for Daily Bankruptcy Review, reported that
the Archdiocese of Milwaukee was back in bankruptcy court to
discuss its progress after a judge insisted that the archdiocese
and hundreds of sexual-abuse claimants work more quickly to
resolve sticking points that for nearly four years have foiled
attempts to produce a settlement.  According to the report, during
the hearing, lawyers updated Judge Susan Kelley of the U.S.
Bankruptcy Court in Milwaukee on a key insurance settlement as
well as the archdiocese's bid to have 11 abuse claims against it
dismissed.

                  About Archdiocese of Milwaukee

The Diocese of Milwaukee was established on Nov. 28, 1843, and
was elevated to an Archdiocese on Feb. 12, 1875, by Pope Pius
IX.  The region served by the Archdiocese consists of 4,758 square
miles in southeast Wisconsin which includes counties Dodge, Fond
du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth,
Washington and Waukesha.  There are 657,519 registered Catholics
in the Region.

The Catholic Archdiocese of Milwaukee, in Wisconsin, filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Wis. Case No.
11-20059) on Jan. 4, 2011, to address claims over sexual abuse
by priests on minors.

The Archdiocese became at least the eighth Roman Catholic diocese
in the U.S. to file for bankruptcy to settle claims from current
and former parishioners who say they were sexually molested by
priests.

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.  The
Official Committee of Unsecured Creditors in the bankruptcy case
has retained Pachulski Stang Ziehl & Jones LLP as its counsel, and
Howard, Solochek & Weber, S.C., as its local counsel.

The Archdiocese estimated assets and debts of $10 million to
$50 million in its Chapter 11 petition.


ASARCO LLC: Sesa Sterlite Pays $82.75-Mil. for Failed Purchase
--------------------------------------------------------------
Patrick Fitzgerald, writing for Daily Bankruptcy Review, reported
that India's Sesa Sterlite Ltd. said that it has paid $82.75
million to Asarco LLC stemming from its failed attempt to acquire
the U.S.-based copper miner in 2008.

According to a press statement dated Oct. 22, 2014, Sesa said "it
has received the necessary approval from Reserve Bank of India for
remittance of US$82.75 million to Asarco LLC in order to satisfy
the Judgment of the US Bankruptcy Court.  Subsequently, pursuant
to a settlement agreement entered on Oct 17, 2014, between the
parties, the Company has paid the approved amount to Asarco LLC
and the parties have settled all their claims against each other
in this matter.  Accordingly, all pending appeals have been
withdrawn by the parties, all enforcement actions have been
terminated by Asarco LLC and the Turnover Order has been vacated
by the US Bankruptcy Court. The Company had already recognized the
Judgment amount of US$82.75 million as expenses and as liability
in FY2012."

                         About Asarco LLC

Based in Tucson, Arizona, ASARCO LLC -- http://www.asarco.com/--
is an integrated copper mining, smelting and refining company.
Grupo Mexico S.A. de C.V. is ASARCO's ultimate parent.

ASARCO LLC filed for Chapter 11 protection (Bankr. S.D. Tex. Case
No. 05-21207) on Aug. 9, 2005.  Attorneys at Baker Botts
L.L.P., and Jordan, Hyden, Womble & Culbreth, P.C., represented
the Debtor in its restructuring efforts.

On Dec. 9, 2009, Asarco Incorporated and Americas Mining
Corporation's Seventh Amended Plan of Reorganization for the
Debtors became effective and the ASARCO Asbestos Personal Injury
Settlement Trust was created and funded with nearly $1 billion in
assets, including more than $650 million in cash plus a $280
million secured note from Reorganized ASARCO.  The Plan, which was
confirmed both by the bankruptcy and district courts, reintegrated
ASARCO LLC back to parent Grupo Mexico concluding the four-year
Chapter 11 proceeding.


ASSOCIATED WHOLESALERS: Buyers to Renegotiate With Teamsters
------------------------------------------------------------
Leaders of the International Brotherhood of Teamsters recently met
to organize their response to developments in the Chapter 11 case
of Associated Warehousing Inc., Bruce Vail reported for
inthesetimes.com.

According to the report, Sandy Pope, President of Local 805 in
Long Island City, New York, said the union had already filed
documents with the court to encourage other potential buyers of
AWI to come forward and bid against C&S Wholesale Grocers, which
is seeking to buy AWI.

According to the report, Ms. Pope said two other bidders have come
forward.  No firm agreements have been made with any of the
potential bidders, but each, including C&S, has said they want to
renegotiate existing Teamster contracts and offer jobs to
"substantially all" of AWI?s current employees, the report added.

"We've had extremely bad experiences with C&S. They have a pretty
bad record," Ms. Pope said.

She also said, "The reason AWI went to court in the first place,
rather than just do[ing] a straight sale, is that they want to
dump all the debt. . . .  That includes more than $30 million in
liability to four of our [Teamster] pension funds, which are
hurting already."

According to the report, Ms. Pope said a coalition of six
Teamsters locals from Pennsylvania, New Jersey and New York are
organized with legal and financial experts from union headquarters
to fight for the members.

As reported by the Troubled Company Reporter on Oct. 14, 2014,
Delaware Bankruptcy Judge Kevin J. Carey approved the procedures
governing the bidding and sale of the assets of Associated
Wholesalers Inc. and its debtor-affiliates.  A qualified bid for
the assets must be submitted on or before Oct. 22 so an auction
scheduled for Oct. 24 can proceed.  The auction will be followed
by a sale hearing on Oct. 29.

If no other bid is timely received, Associated Wholesalers and its
White Rose grocery distribution business will be sold to so-called
stalking horse C&S Wholesale Grocers Inc.  If a competing bid is
declared the winning bid, C&S will be paid a break-up fee in the
reduced amount of $3,750,000 and reimbursed for any necessary
expenses in the amount of up to $1.5 million.

As reported by the TCR, the C&S purchase price consists of the
lesser of the amount of the bank debt, which totals about
$18,100,000 and $152,110,000, plus other liabilities, which amount
is valued at $193,900,000.  Bill Rochelle, a bankruptcy columnist
for Bloomberg News, previously reported that, aside from the C&S
stalking horse bid, Supervalu Inc. and another yet unnamed company
have also offered a bid for the assets.

                  About Associated Wholesalers

Founded in 1962 and headquartered in Robesonia, Pennsylvania,
Associated Wholesalers Inc. services 800 supermarkets, specialty
stores, convenience stores and superettes with grocery, meat,
produce, dairy, frozen foods and general merchandise/health and
beauty care products.  AWI, which owns distribution facilities in
Robesonia, Pennsylvania, and York, Pennsylvania, serves the mid-
Atlantic United States.  AWI is owned by its 500 retail members,
who in turn operate supermarkets.  AWI has 1,459 employees.

White Rose Inc. is a food wholesaler and distributor serving the
greater New York metropolitan area.  The company traces its
origins to 1886, when brothers Joseph and Sigel Seeman founded
Seeman Brothers & Doremus to provide grocery deliveries throughout
New York City.  White Rose carries out its operations through
three leased warehouse and distribution centers, two of which are
located in Carteret, New Jersey, and one in Woodbridge, New
Jersey.  White Rose has 777 employees.

Associated Wholesalers and its affiliates sought Chapter 11
bankruptcy protection on Sept. 9, 2014, to sell their assets under
11 U.S.C. Sec. 363 to C&S Wholesale Grocers, absent higher and
better offers.

The Debtors have sought joint administration of their Chapter 11
cases for procedural purposes, seeking to maintain all pleadings
on the case docket for AWI Delaware, Inc., Bankr. D. Del. Case No.
14-12092.

As of the Petition Date, the Debtors owe the Bank Group
(consisting of lenders, Bank of America, N.A., Bank of American
Securities LLC as sole lead arranger and joint book runner, Wells
Fargo Capital Finance, LLC as joint book runner and syndication
agent, and RBS Capita, as documentation agent) an aggregate
principal amount of not less than $131,857,966 (inclusive of
outstanding letters of credit), plus accrued interest.  The
Debtors estimate trade debt of $72 million.

Saul Ewing LLP and Rhoads & Sinon LLP are serving as legal
advisors to the Debtors, Lazard Middle Market is serving as
financial advisor, and Carl Marks Advisors is serving as
restructuring advisor to AWI.  Carl Marks' Douglas A. Booth has
been tapped as chief restructuring officer.  Epiq Systems serves
as the claims agent.


AVIATION SERVICES: Sued by Ports Authority for Contract Breach
--------------------------------------------------------------
Alexie Villegas Zotomayor at Marianas Variety reports that the
Commonwealth Ports Authority has filed a lawsuit in the CNMI
Superior Court against Aviation Services Ltd., dba Freedom Air,
for four counts of breach of contract and three counts of trespass
to land.

Marianas Variety states that CPA is claiming that Freedom Air
defaulted on its obligations: (i) a 15-year lease for two
unsurveyed parcels of land on Saipan, wherein Freedom Air must pay
$313.80 per month and "for each succeeding five-year term the
rental rate will increase by 20 percent of the immediately
preceding five-year term", but instead has defaulted since March
1, 2011; (ii) a 15-year lease for two unsurveyed parcels of land
on Saipan, wherein Freedom Air must pay $313.80 per month and "for
each succeeding five-year term the rental rate will increase by 20
percent of the immediately preceding five-year term"; (iii) 15-
year lease of 27,136 square feet at the Saipan International
Airport, wherein Freedom Air must pay CPA $1,000 per month; and
(iv) a floor-space lease for $300 per month at the Rota
International Airport, wherein CPA asked that the base monthly
rental will increase by 20 percent every five years that the lease
is renewed and that Freedom Air will pay for utility services
used.  CPA terminated the leases in July 2014, the report adds.

Marianas Variety relates that CPA is claiming Freedom Air also
knowingly and intentionally trespassed on both Parcels A and B,
CPA's building, on its parcel of land at the Saipan International
Airport, and on its property at the Rota International Airport.

Matthew T. Gregory, Esq., represents CPA, Marianas Variety
reports.

Freedom Air filed for Chapter 11 bankruptcy on Sept. 27, 2014.
The case is In re Aviation Services Ltd., 13-00113, U.S.
Bankruptcy Court, District of Guam.

As reported by the Troubled Company Reporter on Oct. 2, 2013,
Bloomberg News bankruptcy columnist Bill Rochelle reported that
Freedom Air listed assets and debt both less than $10 million in
its petition.


AXION INTERNATIONAL: Stockholders OK Reverse Stock Split
--------------------------------------------------------
Axion International Holdings, Inc., disclosed with the U.S.
Securities and Exchange Commission that these proposals were
approved by its shareholders:

  (1) The proposal to amend the Company's current Articles of
      Incorporation to effect a reverse stock split of the
      Company's common stock by a ratio of not less than 1-for-8
      and not more than 1-for-20 at any time prior to March 31,
      2015, with the Board of Directors having the discretion as
      to whether or not the Reverse Stock Split is to be effected,
      and with the exact ratio of any Reverse Stock Split to be
      set at a whole number within the above range as determined
      by the Board in its discretion;

  (2) The proposal to, in the event the Company's Board effects
      the Reverse Stock Split, approve an amendment to the
      Company's current Articles of Incorporation to decrease the
      number of authorized shares of the Company's common stock
      from 250,000,000 shares to an amount equal to 250,000,000
      divided by the number of shares being combined into one
      pursuant to the Reverse Stock Split; and

  (3) The proposal to amend the Company's current Articles of
      Incorporation to provide for the automatic conversion of the
      Company's preferred stock immediately upon the Company's
      shares of common stock being listed upon a U.S. based stock
      exchange.

                     About Axion International

New Providence, N.J.-based Axion International Holdings, Inc. (OTC
BB: AXIH) - http://www.axionintl.com/-- is the exclusive licensee
of patented and patent-pending technologies developed for the
production of structural plastic products such as railroad
crossties, pilings, I-beams, T-Beams, and various size boards
including a tongue and groove design that are utilized in multiple
engineered design solutions such as rail track, rail and tank
bridges (heavy load), pedestrian/park and recreation bridges,
marinas, boardwalks and bulk heading to name a few.

AXION International reported a net loss of $24.19 million on $6.63
million of revenue in 2013, compared to a net loss of $5.43
million on $5.34 million of revenue in 2012.

Following the 2013 results, BDO USA, LLP, expressed substantial
doubt about the Company's ability to continue as a going concern,
stating that the Company has suffered recurring losses from
operations and has working capital and net capital deficiencies.
BDO USA, LLP also issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31,
2012.

As of June 30, 2014, the Company had $16.40 million in total
assets, $34.04 million in total liabilities, $6.94 million in 10%
convertible preferred stock, and a $24.58 million total
stockholders' deficit.


BERNARD L. MADOFF: JPMorgan Deal Won't Unravel Fund Settlement
--------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported U.S. Bankruptcy Judge Stuart Bernstein in Manhattan
sided with Irving Picard, the trustee liquidating Bernard L.
Madoff Investment Securities LLC, concluding that the settlement
between the trustee and JPMorgan Chase & Co. is not similar with a
June 2009 settlement between the trustee and two hedge funds.

According to the report, Judge Bernstein said the agreement with
the hedge funds, which contains a so-called most-favored-nation
clause obligating the trustee to return a portion of his recovery
if he made a similar settlement in another lawsuit for less than
85%, pertains only to claims that were "indefensible preferences."
The JPMorgan settlement, under which the bank agreed to pay $2.24
billion, was different, because it was part of a global settlement
that avoided criminal as well civil liability, according to Judge
Bernstein, the report related.

                     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.


BIOFUEL ENERGY: Stockholders Approve JBGL Builder Acquisition
-------------------------------------------------------------
Biofuel Energy Corp. disclosed with the U.S. Securities and
Exchange Commission that, at the annual meeting of stockholders
held on Oct. 17, 2014, stockholders of the Company approved all
the proposals set forth in the definitive proxy statement filed
with the SEC on Sept. 18, 2014, including those proposals related
to a transaction agreement, dated as of June 10, 2014, by and
among the Company, certain affiliates of Greenlight Capital, Inc.,
Brickman Member Joint Venture, JBGL Builder Finance LLC and
certain subsidiaries of JBGL Capital, LP.

As reported by the TCR on June 24, 2014, Biofuel Energy had
entered into a definitive agreement with certain affiliates of
Greenlight Capital and James R. Brickman pursuant to which the
Company will acquire the equity interests of JBGL Builder Finance
LLC and certain subsidiaries of JBGL Capital, LP, from Greenlight
and Brickman.  JBGL is a series of real estate entities involved
in the purchase and development of land for residential purposes,
construction lending and home building operations.  JBGL is
currently owned and controlled by Greenlight and Brickman.

The Company has received the requisite stockholder approvals to
consummate the Transactions and, subject to the satisfaction or
waiver of the remaining closing conditions (including the
completion of a five business day period following the expiration
of the rights offering described below as set forth in the
Transaction Agreement), the Transactions are expected to close as
promptly as practicable.  The closing of the Transactions remains
subject to customary closing conditions and the receipt of listing
approval from NASDAQ for the continued listing of the Company's
common stock on the Nasdaq Capital Market after the consummation
of the Transactions.

            Expiration of $5.00 per Share Rights Offering

The Company also announced that the subscription period of its
rights offering expired at 5:00 p.m., New York City time, on
October 17, 2014.

Based on preliminary results, the Company received approximately
$59.9 million through the exercise of basic subscription rights in
the rights offering, including amounts committed to be purchased
by Greenlight and its affiliates, which represents the exercise of
approximately 85.6% of the rights issued by the Company in the
rights offering.  Holders who exercised their basic subscription
rights (excluding Greenlight which agreed not to exercise its
over-subscription right) also exercised approximately 49.1% of the
over-subscription rights available to such exercising holders,
including amounts committed to be purchased by affiliates of Third
Point LLC through a priority over-subscription right.  Based on
preliminary results, the Company expects that Third Point will
receive a full allocation of shares pursuant to its priority over-
subscription right resulting in a purchase of approximately $9.3
million of additional shares and that other holders of
subscription rights who properly exercised over-subscription
rights will be allocated shares for an aggregate purchase price of
approximately $800,000 on a  pro-rata basis, which represents
approximately 11.4% of the shares that they over-subscribed for.
The total gross proceeds to be received by the Company in the
rights offering will be $70 million.  No shares will be issued to
the parties that provided backstop commitments in connection with
the rights offering (other than Third Point).  All shares to be
issued by the Company in the rights offering will be purchased by
exercising holders at a price of $5.00 per share.

Subscription rights that were not properly exercised by 5:00 p.m.,
New York City time, on Oct. 17, 2014, have expired and are no
longer exercisable.

The results of the rights offering are preliminary and subject to
finalization and verification by the subscription agent,
Broadridge Corporate Issuer Solutions, Inc.

The stockholders also approved, among other things:

   -- an amendment to the Amended and Restated Certificate of
      Incorporation of the Company to increase the number of
      authorized shares of Common Stock;

   -- an amendment to the Charter to change the name of
      the Company to "Green Brick Partners, Inc.";

   -- an amendment to the Charter to eliminate all provisions in
      the Charter relating to the units of membership interests of
      BioFuel Energy, LLC, and the Class B Common Stock;

   -- an amendment to the Charter to preserve certain tax
      benefits;

   -- the compensation that may be paid or may become
      payable to the Company's named executive officers in
      connection with, or following, the consummation of the
      Transactions;

   -- the 382 Rights Agreement, dated as of March 27, 2014,
      between the Company and Broadridge Corporate Issuer
      Solutions, Inc.; and

   -- the compensation of the Company's executives and the holding
      of future advisory vote on executive compensation on an
      annual basis.

Mark W. Wong, Scott H. Pearce, Elizabeth K. Blake, David Einhorn,
Richard I. Jaffee, John D. March and Ernest J. Sampias were to the
Board of Directors to hold office until the 2015 annual meeting of
stockholders and the due election and qualification of their
respective successors.

                       About Biofuel Energy

Denver, Colo.-based BioFuel Energy Corp. (Nasdaq: BIOF) --
http://www.bfenergy.com/-- aims to become a leading ethanol
producer in the United States by acquiring, developing, owning and
operating ethanol production facilities.  It currently has two
115 million gallons per year ethanol plants in the Midwestern corn
belt.

Biofuel Energy incurred a net loss of $45.65 million in 2013, a
net loss of $46.32 million in 2012 and a net loss of $10.36
million in 2011.  The Company's balance sheet at June 30, 2014,
showed $8.84 million in total assets, $1.40 million in total
liabilities and $7.43 million in total equity.


BLOCK COMMUNICATIONS: Moody's Rates Proposed $225MM Term Loan B1
----------------------------------------------------------------
Moody's Investors Service assigned Ba1 to Block Communications,
Inc.'s proposed $225 million 1st lien senior secured term loan.
Proceeds from the new term loan along with roughly $6 million of
balance sheet cash will be used to fund the $200 million
acquisition of MetroCast cable television operations, including
transaction related fees and expenses as well as repay an
estimated $23 million of advances under the senior secured
revolver. In addition, Moody's assigned Ba1 to the $100 million
1st lien senior secured revolver and downgraded the existing $250
million senior notes due 2020 to B1 from Ba3 reflecting the
effective subordination of the senior notes to the increased
senior secured credit facilities. Moody's also affirmed Block's
Ba3 Corporate Family Rating (CFR) and Ba3-PD Probability of
Default Rating (PDR). The rating outlook remains stable.

Assignments:

Issuer: Block Communications, Inc.

  NEW $225 million 1st Lien Senior Secured Term Loan: Assigned
  Ba1, LGD2

  Existing $100 million 1st Lien Senior Secured Revolver:
  Assigned Ba1, LGD2

Downgraded:

$250 million of 7.25% Senior Notes due 2020: Downgraded to B1,
LGD5 from Ba3, LGD4

Affirmed:

Issuer: Block Communications, Inc.

Corporate Family Rating: Affirmed Ba3

Probability of Default Rating: Affirmed Ba3-PD

Outlook Actions:

Issuer: Block Communications, Inc.

Outlook is Stable

Ratings Rationale

The Ba3 corporate family rating reflects Block's moderate debt-to-
EBITDA of approximately 4.2x estimated for FYE2014 (including
Moody's standard adjustments) and pro forma for announced
transactions with mid-single digit percentage free cash flow-to-
debt ratios. Consistent EBITDA generation from cable and telecom
operations support the Ba3 CFR, despite EBITDA losses from the
newspaper segment and EBITDA margins below industry peers for
television broadcast operations. Block has a track record of
maintaining acceptable leverage, and Moody's expect the company to
apply free cash flow to reduce debt balances and position the
company more strongly in the Ba3 rating. The pending acquisitions
of cable (MetroCast for $200 million) and telecom businesses (Line
System Inc. for $47.5 million) add scale as well as geographic
diversity and reduces exposure to newspaper operations which
continue to weigh on debt ratings. Newspaper revenue has declined
in line with its peer group contributing to increasing annual
EBITDA losses for the publishing segment since 2011. Looking
forward, Moody's believe management will be able to meaningfully
reduce losses from newspaper operations due to announced
restructurings which will result in headcount reductions and to
more efficient production from its new printing press. Secular
changes negatively affecting traditional print media pressure the
company's newspaper segment revenue and free cash flow. Liquidity
is expected to be good with at least $65 million of revolver
availability, and no significant debt maturities for at least two
years.

The stable outlook reflects Moody's expectation that, absent cable
plant upgrades, debt funded acquisitions or sustained increases in
unfunded pension liabilities, debt-to-EBITDA ratios will remain
less than 4.5x (including Moody's standard adjustments) with mid-
single digit percentage free cash flow-to-debt ratios as growth in
combined EBITDA from cable, telecommunications, and broadcast
segments offsets losses from newspaper operations. The outlook
incorporates expectations for good execution of assimilating
announced cable and telecom acquisitions, some progress in
stabilizing recent subscriber losses in Toledo, and realization of
substantially reduced costs for newspaper publishing operations.
The outlook does not incorporate significant shareholder
distributions or another significant debt financed acquisition.
Ratings could be downgraded if Moody's believe the company would
not be able to generate positive free cash flow in the absence of
extraordinary capital spending or investment, or if there is
deterioration in the performance of cable or telecommunications
segments. Inability to realize expected cost reductions for the
newspaper segment or debt-to-EBITDA ratios being sustained above
4.5x (including Moody's standard adjustments) could also lead to a
downgrade. The company's lack of national or regional scale and
newspaper exposure constrain ratings; however, ratings could be
upgraded if newspaper revenue stabilizes and EBITDA losses are
eliminated with total debt-to-EBITDA ratios being sustained
comfortably below 3.0x (including Moody's standard adjustments)
and free cash flow-to-debt ratios of 10% or more. Moody's would
also need to be assured that the company will operate in a
financially prudent manner consistent with a higher rating.

A privately held diversified media company founded in 1900, Block
Communications, Inc. has operations in cable television and
telecommunications (roughly 68% of LTM June 2014 revenue pro forma
for announced transactions), newspaper publishing (23%), and
television broadcasting (9%). The company's cable operations serve
the greater Toledo, OH metropolitan area including Michigan
suburbs, the northern half of Mississippi through its pending
MetroCast acquisition, and Erie County in Ohio. Block operates two
daily metropolitan newspapers in Pittsburgh, PA and Toledo, OH, as
well as television stations in Lima, OH, Louisville, KY, Boise,
ID, and Decatur, IL. The company maintains its headquarters in
Toledo with pro forma revenue of $566 million for LTM June 30,
2014.

Block Communications, Inc.'s ratings were assigned by evaluating
factors that Moody's considers relevant to the credit profile of
the issuer, such as the company's (i) business risk and
competitive position compared with others within the industry;
(ii) capital structure and financial risk; (iii) projected
performance over the near to intermediate term; and (iv)
management's track record and tolerance for risk. Moody's compared
these attributes against other issuers both within and outside
Block Communications, Inc.'s core industry and believes Blocks
Communications, Inc.'s ratings are comparable to those of other
issuers with similar credit risk. Other methodologies used include
Loss Given Default for Speculative-Grade Non-Financial Companies
in the U.S., Canada and EMEA published in June 2009.


BLUE RIBBON: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Los Angeles-based Blue Ribbon Intermediate
Holdings LLC.  The outlook is stable.

At the same time, S&P assigned a 'B' issue-level rating to the
company's proposed $75 million revolving credit facility due 2019
and $395 million first-lien term loan due 2021 with a '3' recovery
rating.  The '3' recovery rating indicates S&P's expectation of
meaningful (50% to 70%) recovery in the event of payment default.
S&P also assigned a 'CCC+' issue-level rating to the company's
proposed $130 million second-lien facility due 2022.  The '6'
recovery rating indicates S&P's expectation of negligible (0% to
10%) recovery in the event of payment default.

Blue Ribbon, through its operating company, Pabst, is a virtual
brewer and benefits from a low cost structure arising from its
agreement with a large U.S. brewer to contract, produce, and
deliver essentially all of Pabst's ongoing volume.  The company
will use the proceeds from the debt offering, along with common
equity from the Great American Brewing Company and TSG Consumer
Partners LLC, to fund the purchase of Blue Ribbon, to refinance
the company's existing debt outstanding, and to pay fees and
expenses.

"Our ratings on Blue Ribbon incorporate our expectation that the
company will be highly leveraged, maintaining debt leverage above
6x, despite our expectation for some debt reduction," said
Standard & Poor's credit analyst Bea Chiem.  "Other factors
considered include Pabst's relatively small size and narrow focus
within the highly competitive U.S. beer industry, and its regional
brand strength in the sub-premium or value-priced beer segment in
the U.S., as well as its limited geographic diversification."

The outlook is stable.  S&P expects Blue Ribbon's operating
performance will remain relatively stable over the near to
intermediate term despite S&P's belief that the company will
increase selling and marketing expenses under new management, that
the company will maintain adequate liquidity, and that the company
will apply free cash flow to debt reduction.  S&P expects leverage
will be in the 6.5x to 7x area and FFO to debt below 12% during
the next 12 to 24 months.


CASTLE-ROSE INC: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Castle-Rose, Inc.
        870 Woodpecker Dr.
        Kelso, WA 98626

Case No.: 14-45648

Chapter 11 Petition Date: October 21, 2014

Court: United States Bankruptcy Court
       Western District of Washington (Tacoma)

Judge: Hon. Paul B. Snyder

Debtor's Counsel: Richard S Ross, Esq.
                  LAW OFFICE OF RICHARD S ROSS
                  1610 Columbia St
                  Vancouver, WA 98660
                  Tel: 360-699-1400
                  Email: ecf@resolvedebt.net

Total Assets: $501,595

Total Liabilities: $1.05 million

The petition was signed by Andrew Masters, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/wawb14-45648.pdf


CLUB AT SHENANDOAH: Western Golf Okayed as Bookkeeper
-----------------------------------------------------
The Bankruptcy Court approved the consulting services agreement
between The Club at Shenandoah Springs Village, Inc., and Western
Golf Properties, LLC.

Western Golf, the Debtor's former on-site management company, will
perform these services for $4,000 per month:

   -- provide monthly bookkeeping and financial reporting
services;

   -- prepare monthly operating reports; and

   -- meet monthly at Western Golf's corporate results and related
financial issues.

           About The Club at Shenandoah Springs Village

The Club at Shenandoah Springs Village, Inc., owns The Club At
Shenandoah Springs Village, a golf and leisure resort in Thousand
Palms, a desert region of central California.  It filed for
Chapter 11 protection (Bankr. C.D. Cal. Case No. 12-36723) on
Dec. 3, 2012.  The Debtor estimated both assets and liabilities of
between $10 million and $50 million.  Judge Mark D. Houle presides
over the case.  Daniel A. Lev, Esq., and Steven Worth, Esq., at
SulmeyerKupetz, in Los Angeles, Calif., represent the Debtor as
counsel.


COASTLINE INVESTMENT: Hearing on Dismissal Bid Moved to Nov. 4
--------------------------------------------------------------
The hearing on the motion for an order authorizing disbursement of
funds to creditors and dismissal of bankruptcy cases of Coastline
Investments, doing business as Hilltop Suites Hotel, and
Diamond Waterfalls LLC, doing business as Diamond Bar Inn &
Suites, has been rescheduled to Nov. 4, 2013 at 10:00 a.m.

The motion will be presented to Bankruptcy Judge Richard M. Neiter
in the Courtroom 1645, the U.S. Bankruptcy Court, at 255 E. Temple
Street, in Los Angeles, California.

As reported in the Sept. 30, 2014 edition of The Troubled Company
Reporter, The Debtors sought dismissal of their Chapter 11 cases
after the Court authorized the sale of their properties and that
transaction closed.  The Court authorized the sale of the Debtors'
hotels for the aggregate purchase price $19.5 million on Aug. 7,
2014, and the sale closed on Aug. 29, 2014.  The Debtors submitted
their memorandum on Sept. 12, 2014 for the dismissal of the cases.

                    About Coastline Investments

Coastline Investments, doing business as Hilltop Suites Hotel, and
Diamond Waterfalls LLC, doing business as Diamond Bar Inn &
Suites, filed Chapter 11 bankruptcy petitions (Bankr. C.D. Cal.
Case No. 14-13028 and 14-13030) in Los Angeles on Feb. 18, 2014.
The cases are jointly administered under Lead Case No. 14-30328.

Coastline Investments is the owner of a hotel located at the top
of a prominent hill with sweeping views in Pamona, California.
The Hilltop Hotel consists of 130 suites located on three acres of
hilltop property by Interstates 10 and 57, Cal-Poly Tech
University, and the Los Angeles County fairgrounds, Fairplex.  The
Hilltop Hotel has three hotel floors along with two levels of
parking and features and outdoor pool, spa, exercise fitness
center, sauna, steam room and a full service restaurant, lounge,
meeting spaces and a banquet ballroom to accommodate 300 guests.

Diamond is the owner of a 161-room hotel located in Pomona,
California.  The Diamond Hotel is a full-service hotel, which
includes a business center, meeting facilities, pool, spa, fitness
center, steam, sauna and offices.

Debtor Coastline Investments disclosed $12,002,061 in asset and
$8,164,554 in liabilities as of the Chapter 11 filing.

The Debtors acquired both of the hotels through voluntary Chapter
11 bankruptcy court 11 U.S.C. Sec. 363 sales in February 2012.
The Hilltop Hotel was acquired from Shilo Inn, Pamona Hilltop, LLC
(Case No. 11-26270) and the Diamond Hotel was acquired from Shilo
Inn, Diamond Bar LLC (Case No. 10-60884).

The Debtors sought bankruptcy protection after the receiver
appointed for the hotels scheduled a trustee sale for both hotels.
The receiver was appointed at the behest of the investor group
which provided a secured loan of $2,500,000, which the Debtors
defaulted.  The Debtors also have loans from First General Bank
each in the amount of $5,250,000.

Shin-Chung Liu is the 100% membership owner and managing member of
both of the Debtors.  The Debtors' affairs are managed by Liberty
Capital Management Corporation.

Judge Richard M. Neiter has been assigned to the cases.

The Debtors are represented by David B. Golubchick, and J.P.
Fritz, Esq., at Levene, Neale, Bender, Yoo & Brill L.L.P., in Los
Angeles, California.

No committee of unsecured creditors was appointed in the case.

As reported by the Troubled Company Reporter on Sept. 9, 2014, the
Bankruptcy Court identified the $19.5 million bid of SCG America
Group or its assignees as the successful bidder for the purchase
of both hotels of the Debtors.


CRUNCHIES FOOD: $250,000 DIP Financing from Delaski Approved
------------------------------------------------------------
The Bankruptcy Court authorized Crunchies Food Company, LLC, to
incur postpetition additional $250,000 in financing from the
Donald Delaski Revocable Trust dated Dec. 14, 2000.

Delaski, the postpetition lender under the original financing
order, advanced $80,000 to fund the Debtor's operations.  The
Debtor needs to incur postpetition debt in order to maximize the
value of its estate.

The Debtor is unable to obtain unsecured credit on terms more
favorable than those offered by postpetition lender.

The terms of postpetition debt include, among other things:

   i) The maximum principal amount of postpetition debt
outstanding will not at any time exceed the sum of $330,000;
provided however, as set forth in the loan and security agreement,
the sum of $80,000 will be paid by postpetition lender directly to
Delaski in satisfaction of the amounts loaned by Delaski to the
Debtor postpetition, and, therefore, the maximum amount of new
funds available to the Debtor on the terms and conditions of the
order is $250,000;

ii) All amounts outstanding under the DIP Facility will bear
interest at 6% per annum compounded annually, payable at the
maturity date, with default interest at 12%.

iii) The postpetition debt will mature and be due and payable in
full by Debtor on Oct. 24, 2014, subject to extension at the
postpetition lender's sole and absolute discretion;

As adequate protection from any diminution in value of the
lender's collateral, the Debtor will grant the lender priming
liens and superpriority administrative expense claim status.

                        About Crunchies Food

Crunchies filed a Chapter 11 bankruptcy petition (Bankr. C.D. Cal.
Case No. 14-bk-11776) in Santa Barbara, California, on Aug. 15,
2014.  The case is assigned to Judge Peter Carroll.

The Debtor has tapped David L. Neale, Esq., at Levene Neale Bender
Rankin & Brill LLP, in Los Angeles, serves as counsel.  For its
legal services, the firm has agreed to accept $50,000.

The U.S. Trustee for Region 16 appointed four creditors of
the Debtor to serve on the official committee of unsecured
creditors.


CRUNCHIES FOOD: Cash Collateral Access Expires on Oct. 24
---------------------------------------------------------
Bankruptcy Judge Peter H. Carroll in an order Oct. 17 authorized
debtor Crunchies Food Company, LLC, to use cash collateral of (a)
the Chung Family Trust; (b) the Provident Trust Group, LLC; (c)
the Delaski Revocable Trust dated Dec. 14, 2000; and (d) the
successor and assigns of the foregoing, until Oct. 24.

The stipulation among the parties provides that, among other
things:

   a) The Debtor may deviate from the line items in the budget by
not more than 10% on a line item basis and not more than 10% on an
aggregate basis;

   b) To the extent, if any, that the Debtor uses the proceeds of
its postpetition loan for a line item in the budget, that line
item will be reduced such that the combined amount of the Debtor's
use of cash collateral and postpetition financing will not exceed
such line item;

   c) The Debtor's authority to use cash collateral is conditioned
upon:

     (i) the Debtor's retention of a chief restructuring officer;

    (ii) the Debtor's deposit of all cash collateral in a
segregated account under the exclusive control of its CRO; and

   (iii) all expenditures of cash collateral being approved by the
Debtor's CRO, subject to the budget.

The Debtor said it has no ability to continue to operate its
business and maintain and preserve the going-concern value of its
business unless the Debtor has immediate access to and use of its
cash to pay the Debtor's ordinary operating expenses.

In December 2013, the Debtor received a loan for $1.5 million from
Seung Chung, as Trustee of the Chung Family Trust, and then an
additional $500,000 in February 2014, which loan is allegedly
secured by all of the Debtor's assets.  The Debtor also received
two loans in the amounts of $300,000 and $500,000 in 2010 and a
third loan in the amount of $4.2 million in October 2011 for a
total loan amount of $5 million from the Donald Delaski Revocable
trust, which loan is allegedly secured by all of the Debtor's
assets.

                        About Crunchies Food

Crunchies filed a Chapter 11 bankruptcy petition (Bankr. C.D. Cal.
Case No. 14-bk-11776) in Santa Barbara, California, on Aug. 15,
2014.  The case is assigned to Judge Peter Carroll.

The Debtor has tapped David L. Neale, Esq., at Levene Neale Bender
Rankin & Brill LLP, in Los Angeles, serves as counsel.  For its
legal services, the firm has agreed to accept $50,000.

The U.S. Trustee for Region 16 appointed four creditors of the
Debtor to serve on the official committee of unsecured creditors.



D.A.B. GROUP: Defends Hiring of Counsel and Real Estate Broker
--------------------------------------------------------------
D.A.B. Group LLC responded to the objections of Orchard Hotel,
LLC, lender, to the retention of Goldberg Weprin Finbkel Goldstain
LLP as counsel, and Massel Knakal Realty Services as real estate
broker.

The Debtor asserts that the lender has a clear litigation agenda
in objecting to the retentions of GWFG and Massey Knakal, assuming
that potential conflicts could arise.  According to the Debtor,
the objections are logged as rhetoric and short in substance and
must be overruled.

As reported in the Troubled Company Reporter on Sept. 4, 2014, the
Debtor has tapped Goldberg Weprin to serve as counsel at these
hourly rates:

       Partner                    $495
       Associates                 $250-$425
       Paralegal                  $90-$120

The Debtor has arranged for the proposed retention of Massey
Knakal to act as the exclusive real estate broker, to
simultaneously market both the DAB Property located at 139-141
Orchard Street, New York, NY (Block 415, Lots 66 and 67), and
lease the Rivington Property located at Block 415, Lots 61 and 62,
owned by the Debtor's affiliate, 77-70 Rivington Street Realty
LLC.  The dual offering will permit the emergence of a possible
single purchaser/lessee for both the DAB Property and the
Rivington Property or for the sale of the DAB Property separately.

                         About DAB Group

D.A.B. Group LLC, owner of a stalled 16-story Allen Street Hotel
project in Orchard Street, New York, sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 14-12057) in Manhattan on July 14, 2014,
to pursue a prompt sale of the property.  The case is assigned to
Judge Shelley C. Chapman.

The property has been in the hands of a receiver since July 18,
2011.  Simon J.K. Miller, of Blank Rome LLP, serves as receiver.

J. Ted Donovan, Esq., at Goldberg Weprin Finkel Goldstein LLP, in
New York, serves as counsel to the Debtor.

DAB Group said in a court filing that its property is continguous
to the commercial property owned by its affiliate, 77-79 Rivington
Street Realty LLC (Bankr. S.D.N.Y. Case No. 14-10339).
Accordingly, DAB's Chapter 11 case is being filed as a related
proceeding.

The Debtor is required to file its Chapter 11 plan and disclosure
statement by Nov. 12, 2014.


D.A.B. GROUP: Reorganization Plan Mulls Future Sale
---------------------------------------------------
D.A.B. Group LLC submitted a Plan of Reorganization that
contemplates a future sale of the property at 139-141 Orchard
Street, New York City.

The Plan fundamentally serves as the mechanism for distributing
the sale proceeds to the holders of allowed claims against the
Debtor with a transfer tax exemption.  Also, in conjunction with
the confirmation process, the Debtor intends to pursue a formal
adversary proceeding or objection to the mortgage claim of Orchard
Hotel LLC, challenging Orchard's entitlement to interest, default
interest, and other costs and legal fees after March 1, 2011,
based upon, inter alia, the equitable defenses outlined in the
Debtor's opposition to Orchard's pre-bankruptcy motion for summary
judgment.

Under the Plan, among other things, each holder of an Allowed
Unsecured General Claim will receive, in full and final
satisfaction of such claims, a pro rata share of the net excess
Sale proceeds and recoveries from causes of action, if any, up to
100%, after the prior payment of Administrative Expense Claims,
and allowed Class 1 and Class 2 claims in full.

In the event the allowed claims of all senior and priority
creditors are paid in full and there is sufficient cash on hand,
Class 3 General Unsecured Claims will be entitled to postpetition
interest at the Federal Judgment Rate, unless such holder consents
to other treatment.

The Plan will be implemented by the sale of the property and the
establishment of the confirmation fund and related reserves on the
closing date.

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

            http://bankrupt.com/misc/DABGroup_43_DS.pdf

                         About DAB Group

D.A.B. Group LLC, owner of a stalled 16-story Allen Street Hotel
project in Orchard Street, New York, sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 14-12057) in Manhattan on July 14, 2014,
to pursue a prompt sale of the property.  The case is assigned to
Judge Shelley C. Chapman.

The property has been in the hands of a receiver since July 18,
2011.  Simon J.K. Miller, of Blank Rome LLP, serves as receiver.

J. Ted Donovan, Esq., at Goldberg Weprin Finkel Goldstein LLP, in
New York, serves as counsel to the Debtor.

DAB Group said in a court filing that its property is continguous
to the commercial property owned by its affiliate, 77-79 Rivington
Street Realty LLC (Bankr. S.D.N.Y. Case No. 14-10339).
Accordingly, DAB's Chapter 11 case is being filed as a related
proceeding.

The Debtor is required to file its Chapter 11 plan and disclosure
statement by Nov. 12, 2014.


DARDEN RESTAURANTS: Fitch Rates Credit Protection in BB Territory
-----------------------------------------------------------------
Recent managerial changes at Darden Restaurants have sent the
company's credit default swap (CDS) spreads to levels not seen in
over a year, according to Fitch Solutions in its latest CDS case
study snapshot.

Five-year CDS on Darden have widened 47% over the past month.
After pricing historically at 'BB+' levels, credit protection on
Darden's debt is now pricing a notch lower in 'BB' territory.
Increased market scrutiny for Darden is likely attributed at least
partly to senior management turnover, according to Director Diana
Allmendinger.  'Darden's replacement of its CEO and entire Board
of Directors, driven by the company's shareholders, seems to be
the primary catalyst behind the recent CDS widening,' said Ms.
Allmendinger.

In terms of credit quality, the verdict is still out given the
tendency for activists to increase leverage and seek short-term
gains over long-term value.

Fitch Solutions case studies build on data from its CDS Pricing
Service and proprietary quantitative models, including CDS Implied
Ratings. These credit risk indicators are designed to provide
real-time, market-based views of creditworthiness. As such, they
can and often do reflect more short term market views on factors
such as currencies, seasonal market effects and short-term
technical influences. This is in contrast to Fitch Ratings' Issuer
Default Ratings (IDRs), which are based on forward-looking
fundamental credit analysis over an extended period of time.


DAYCO LLC: S&P Affirms 'B+' CCR & Revises Outlook to Stable
-----------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B+'
corporate credit rating on Troy, M.I.-based automotive supplier
Dayco LLC and revised its outlook on the company to stable from
negative.

S&P also assigned its 'B+' issue-level and '4' recovery rating to
the proposed $70 million senior secured add-on term loan, to be
issued by Dayco Products LLC, a subsidiary of Dayco LLC.  The '4'
recovery rating indicates S&P's expectation for average recovery
(30%-50%) in the event of a payment default.

"Although the proposed debt-financed dividend will be the second
in one year, we revised our outlook to stable from negative and
affirmed our 'B+' rating because of improving operating trends for
Dayco," said Standard & Poor's credit analyst Robyn Shapiro.
"Improving demand in the North American and European automotive
aftermarket, along with new program launches and sales growth in
South America and China, have sparked sales and EBITDA margin
growth."

The company has also successfully completed bolt-on acquisitions
and continues to make progress on its cost-savings initiatives.
The improvement in operating performance offsets the additional
debt to fund the proposed $125 million dividend to owners,
allowing the company to keep adjusted debt to EBITDA below 5x.

The outlook on Dayco is stable, reflecting the company's improved
EBITDA margins and S&P's expectation of debt to EBITDA remaining
below 5x, despite the current proposed debt-financed dividend.

S&P could consider a downgrade in the coming year if it believes
Dayco's debt leverage will remain higher than 5x on a sustained
basis or if free operating cash flow generation is negative for
several quarters -- excluding temporary fluctuations caused by any
change in accounts receivables sold through factoring programs.
Although S&P don't assume this in its base-case scenario, Dayco
could begin using cash -- even if not at the same levels that
contributed to Mark IV LLC's bankruptcy filing -- if auto
production levels drop suddenly (as they did in late 2008 and
early 2009) amid the economic uncertainties in the U.S. and Europe
and a slower-than-anticipated ramp-up in the company's new
facilities in China and Poland.

S&P could also lower the rating if it forecasts a decline in
headroom under the company's net leverage covenant in the credit
agreement to less than 15%.

Although unlikely in the next year, S&P could raise the rating if
it comes to believe that ownership interest by private equity
investors would decline over time, reducing the likelihood of
additional debt-financed distributions.  S&P would also look for
Dayco to successfully maintain or improve its EBITDA margins,
generate free operating cash flow to debt greater than 10%, and
maintain adjusted debt to EBITDA to less than 4x.  S&P would also
look for an "adequate" liquidity assessment, with headroom under
the financial maintenance covenant in the credit agreement.


DAYCO LLC: Moody's Affirms 'B2' Corporate Family Rating
-----------------------------------------------------
Moody's Investors Service affirmed Dayco LLC's B2 Corporate Family
Rating and B2-PD Probability of Default Rating. In a related
action, Moody's affirmed the B1 rating on the upsized $445 million
(upsized $70 million from $375 million) guaranteed senior secured
term loan B issued by Dayco Products, LLC. Dayco Products, LLC is
Dayco's U.S. primary operating subsidiary. The rating outlook is
stable.

Proceeds from the add-on of $70 million to the existing senior
secured term loan, along with a $15 million draw on the company's
European ABL revolver and cash on hand, will be used to fund a
$125 million dividend to shareholders.

The following rating actions were taken:

Dayco LLC

  Corporate Family Rating, affirmed at B2;

  Probability of Default, affirmed at B2-PD;

Dayco Products, LLC

  $445 million (upsized $70 million) guaranteed senior secured
  term loan due 2019, affirmed B1 (LGD3)

Ratings Rationale

Dayco's B2 Corporate Family Rating reflects the incremental
leverage and interest cost associated with the additional debt
burden used to fund the shareholder distribution transaction. As a
result of the transaction, Dayco's Moody's adjusted Debt/EBITDA is
expected to increase to 4.4x on a pro forma basis for the LTM
period ending May 31, 2014. This dividend follows a $108 million
debt financed dividend taken in December 2013 and results in
funded debt levels now over $500 million on a pro-forma basis.
Dayco's ratings continue to benefit from the company's position as
a leading supplier of belts, tensioners and pulleys in the
automotive and industrial markets, and balanced revenue profile
through exposure to the original equipment market and the
aftermarket. Dayco has a longstanding history in the automotive
industry and through the disposition of non-core businesses over
the past several years is now focused on automotive and industrial
power transmission products. Moody's expects the company's credit
metrics to benefit from the continuing positive demand trends in
the North American automotive market and stabilizing macroeconomic
conditions in Europe.

The stable outlook is supported by the expectation of continued
positive automobile demand trends in the company's regional
markets and the company's strong cash balances.

Future events that have the potential to drive Dayco's rating or
outlook lower include deteriorating conditions in global
automotive and commercial vehicle production which are not offset
by successful cost management. EBITA/Interest below 1.5x or
Debt/EBITDA approaching 6.5x, or a deteriorating liquidity profile
could result in a downgrade of the rating.

Future events that have the potential to drive Dayco's outlook or
ratings higher include: EBITA margins approaching 10% leading to
consistent free cash flow generation and reduced leverage such
that Debt/EBITDA is sustained below 3.5x, and EBITA/Interest
coverage sustained above 2.5x.

The principal methodology used in these ratings was Global
Automotive Supplier Industry published in May 2013. Other
methodologies used include Loss Given Default for Speculative-
Grade Non-Financial Companies in the U.S., Canada and EMEA
published in June 2009.

Dayco, LLC (formerly known as Mark IV, LLC), headquartered in
Troy, MI, is a global manufacturer of engine technology solutions
targeted at primary and accessory drive systems for the worldwide
aftermarket, automotive, and industrial markets. Revenue for the
last twelve month period ended May 2014 was approximately $1
billion.


DOMARK INT'L: Posts $658K Net Loss in Aug. 31 Quarter
-----------------------------------------------------
DoMark International, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing
a net loss of $658,976 on $nil of sales for the three months ended
Aug. 31, 2014, compared with a net loss of $763,610 on $nil of
sales for the same period in 2013.

The Company's balance sheet at Aug. 31, 2014, showed $1.45 million
in total assets, $2.6 million in total liabilities, and a
stockholders' deficit of $1.15 million.

The Company has inadequate working capital to maintain or develop
its operations, and is dependent upon funds from private investors
and the support of certain stockholders which raises substantial
doubt about the ability of the Company to continue as a going
concern.

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

                       http://is.gd/Hi0U6P

                   About Domark International

Based in Lake Mary, Florida, DoMark International, Inc., was
incorporated under the laws of the State of Nevada on March 30,
2006.  The Company was formed to engage in the acquisition and
refinishing of aged furniture using exotic materials and then
reselling it through interior decorators, high-end consignment
shops and online sales.  The Company abandoned its original
business of exotic furniture sales in May of 2008 and pursued the
acquisition of entities to best bring value to the company and its
shareholders.


EFUSION SERVICES: Court Dismisses Chapter 11 Bankruptcy Case
------------------------------------------------------------
The Hon. Michael E. Romero of the U.S. Bankruptcy Court for the
District of Colorado dismissed the Chapter 11 bankruptcy case of
eFusion Services LLC.

As reported in the Troubled Company Reporter on Feb. 17, 2014,
John Dorsey, Thomas McCann, and Anthony Maley, creditors of
Efusion Services LLC, asked the U.S. Bankruptcy Court for the
District of Colorado to dismiss the Debtor's Chapter 11 case
because the Debtor has no debts to reorganize and no business to
rehabilitate.

According to the creditors, the Debtor is a holding company with
no cash, no income, no ability to generate income, nine creditors,
no money to pay its counsel only one month into this case.  This
case was filed in bad faith for the benefit of the Debtor's
majority owner, eFusion Management and its principal Paul Lufkin
so that they could attempt to salvage a deal they failed to close
for almost a year.

Daniel J. Garfield, Esq., at Foster Graham Milstein & Calisher
LLP, counsel of the creditors, said the creditors and the Debtor
agreed in December 2012 that the Debtor would purchase companies
for $35 million and pay Messrs. Dorsey and McCann $27 million by
February 2013.  Despite multiple extensions of the payment
deadline, the Debtor failed to raise any funds, and Messrs. Dorsey
and McCann exercised their right to terminate the purchase, says
Mr. Garfield.

Mr. Garfield noted that the Debtor has claimed no termination
occurred and asserted that Messrs. Dorsey and McCann were not
truthful concerning the finances of the companies.  This dispute,
above all other facts, explains the Debtor's bad faith petition,
he added.

                    About eFusion Services LLC

eFusion Services LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. Colo. Case No. 13-30740) on Dec. 20, 2013.  The
petition was signed by Paul Lufkin, Manager of eFusion Management
LLC.  The Debtor disclosed total assets of $39 million and total
liabilities of $32.6 million, according to amended schedules filed
with the Court.  The Hon. Michael E. Romero presides over the
case.  The Debtor employed Powell Theune PC as its counsel.

Richard A. Weiland, the U.S. Trustee for Region 19, was not
able to form an Official Committee of Unsecured Creditors in the
bankruptcy case of eFusion Services LLC because there were too
few unsecured creditors who are willing to serve on the Committee.


ENERGY FUTURE: Wants to Tap Balch & Bingham as Special Counsel
--------------------------------------------------------------
Energy Future Holdings Corp., formerly known as TXU Corp., seeks
to employ Balch & Bingham LLP as its special counsel.

As special counsel to the Debtor, the firm is expected to provide
these services:

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

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

  (c) Represent the Debtors in administrative proceedings on
      environmental matters.

P. Stephen Gidiere III, a partner at Balch & Bingham LLP, assures
the Court that his Firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The Debtors paid $500,000 to Balch as a classic retainer before
the Petition Date.

           Statement Regarding U.S. Trustee Guidelines

In a declaration filed with the Court, Mr. Gidiere related that
the Firm intends to make a reasonable effort to comply with the
U.S. Trustee's requests for information and additional disclosures
as set forth in the Guidelines for Reviewing Applications for
Compensation and Reimbursement of Expenses Filed Under 11 U.S.C.
Sec. 330 by Attorneys in Larger Chapter 11 Cases Effective As of
November 1, 2013, both in connection with this application and the
interim and final fee applications to be filed by Balch in these
chapter 11 cases.

Attorney Statement Pursuant to Revised U.S. Trustee Guidelines

The Firm has responded to the request for additional information
set for in Paragraph D.1 of the Revised U.S. Trustee Guidelines:

a. Question: Did Balch agree to any variations from, or
              alternatives to, Balch's standard billing
              arrangements for this engagement?

    Answer: No. Balch and the Debtors have not agreed to any
            variations from, or alternatives to, Balch's standard
            billing arrangements for this engagement.

b. Question: Do any of the professionals in this engagement vary
              their rate based on the geographic location of the
              Debtors' chapter 11 cases?

    Answer: No. The hourly rates used by Balch in representing
            the Debtors are consistent with the rates that Balch
            charges other comparable chapter 11 clients,
            regardless of the location of the chapter 11 case.

c. Question: If Balch has represented the Debtors in the 12
             months prepetition, disclose Balch's billing rates
             and material financial terms for the prepetition
             engagement, including any adjustments during the 12
             months prepetition. If Balch's billing rates and
             material financial terms have changed postpetition,
             explain the difference and the reasons for the
             difference.

   Answer: Balch's current hourly rates for services rendered on
           behalf of the Debtors range as follows:

               Billing Category                 Range
               ----------------                 -----
               Partners                    $340 to $655
               Associates                  $230 to $310
               Staff Attorneys             $230
               Paraprofessionals           $175 to $195

   Balch represented the Debtors during the twelve-month period
   before the Petition Date, using the hourly rates listed above.

d. Question: Have the Debtors approved Balch's budget and
              staffing plan, and, if so, for what budget period?

    Answer: For the Debtors' environmental matters on which Balch
            advises the Debtors, the Debtors and Balch routinely
            discuss the scope of Balch's work and the requisite
            staffing and budgetary needs. As a result, Balch
            regularly reevaluates its budgetary and staffing
            needs in connection with its work for the Debtors. To
            that end, the Debtors and Balch are finalizing a
            formal budget and staffing plan for the period from
            Oct. 1, 2014 to December 31, 2014, which Balch
            intends to submit with its first interim fee
            application.

Mr. Gidiere added that Balch's hourly rates and billing policies
are based on market conditions of firms of a size, location, and
practice comparable to Balch's. Further, Balch's hourly billing
rates are comparable to the rates Balch charges other comparable
chapter 11 clients, regardless of location of the debtors.
Consistent with past practice and its staffing policies, Balch
expects that a number of attorneys will provide services to the
Debtors from time to time.

Balch's policy is to charge each client for all expenses and
disbursements incurred in connection with the client's case,
including, among other things, word processing, telephone
and telecopier usage, photocopying charges, travel expenses,
expenses for "working meals," as well as non-ordinary overhead
expenses such as secretarial overtime. Balch believes that
allocating these expenses to the client that incurs them is more
equitable than distributing such expenses among all clients
through higher hourly billing rates.

                     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.


FL 6801 SPIRITS: Z Capital Jilted by Canyon Ranch Hotel
-------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Canyon Ranch Hotel & Spa in Miami Beach, which
is indirectly owned by Lehman Brothers Holdings Inc., said that it
would propose a Chapter 11 plan with 6801 Collins Hotel LLC as the
buyer of its assets although Z Capital Partners LLC has been
announced the winner at an auction.

According to the report, Z Capital told U.S. Bankruptcy Judge
Shelley C. Chapman in Manhattan that she must enforce the auction
results and bar a sale to 6801 Collins under a plan or otherwise.

                     About FL 6801 Spirits

FL 6801 Spirits LLC, a wholly owned subsidiary of Lehman Brothers
Holdings Inc. and three of its wholly owned subsidiaries filed
voluntary Chapter 11 petitions, seeking bankruptcy protection for
their condominium hotel property in Miami Beach.  The affiliates
are FL 6801 Collins North LLC, FL 6801 Collins Central LLC, and FL
6801 Collins South LLC.

FL Spirits' Canyon Ranch Living Hotel and Spa is a luxury full-
service, ocean front condominium hotel located at the site of the
old Carillon Hotel in Miami Beach, Florida.  The current operator
of the hotel, Canyon Ranch Living, is not a debtor, and operations
at the property are expected to continue without interruption.

FL Spirits and the three affiliates companies have sought joint
administration, with pleadings to be maintained at FL 6801's case
docket (Bankr. S.D.N.Y. Lead Case No. 14-11691).

FL Spirits has tapped Togut, Segal & Segal LLP as general
bankruptcy counsel, Shutts & Bowen LLP as special real estate
counsel, CBRE, Inc., as real estate broker, and Prime Clerk as
claims and notice agent.

Lehman Brothers filed for Chapter 11 bankruptcy (Bankr. S.D.N.Y.
Case No. 08-13555) on Sept. 15, 2008.  Lehman's bankruptcy
petition disclosed US$639 billion in assets and US$613 billion in
debts, effectively making the firm's bankruptcy filing the
largest in U.S. history.  Lehman's Chapter 11 plan became
effective on March 6, 2012.


FRIENDLY ICE CREAM: Friendly's Branch at Harrisburg, PA Closes
--------------------------------------------------------------
Sue Gleiter at Pennlive.com reports that the Friendly's restaurant
at 4010 Jonestown Road, in Harrisburg, Pennsylvania, has closed.

Regan Communications Group, which handles Friendly's public
relations, said in a statement that the restaurant closed on Oct.
20 in anticipation of the expiration of its lease.  The restaurant
is one of Friendly's restaurants owned by AKZ Delaware Valley
Hospitality Inc.  AKZ owns seven other Friendly's restaurants in
Pennsylvania, Pennlive.com says, citing Regan Communications.

A report by Gary Puleo, which was posted at Pottsmerc.com in July
2012, stated that AKZ Delaware purchased 13 Friendly's restaurants
in the Philadelphia-Harrisburg region.

According to Pennlive.com, Friendly Ice Cream LLC closed down 63
restaurants in 2011 and in recent weeks, these Friendly's outlets
were also shut down: (i) South Royalton, Vermont; (ii) Darien,
Connecticut; and (iii) Yorktown, New York.

                     About Friendly Ice Cream

Friendly Ice Cream Corp. -- http://www.friendlys.com/-- the owner
and franchiser of 490 full-service, family-oriented restaurants
and provider of ice cream products in the Eastern United States,
filed for Chapter 11 reorganization together with four affiliates
(Bankr. D. Del. Lead Case No. 11-13167) on Oct. 5, 2011, to sell
the business mostly in exchange for debt to Sundae Group Holdings
II LLC, a unit of Sun Capital Partners Inc.  The existing owner
and holder of the Debtors' second-lien debt are also affiliates of
Sun Capital.  Friendly's, based in Wilbraham, Massachusetts, also
announced the closing of 63 stores, leaving about 424 operating.
Franchise operators have about 230 of the locations.

Judge Kevin Gross oversees the case.  James A. Stempel, Esq., Ross
M. Kwasteniet, Esq., and Jeffrey D. Pawlitz, Esq., at Kirkland &
Ellis LLP; and Laura Davis Jones, Esq., Timothy P. Cairns, Esq.,
and Kathleen P. Makowski, Esq., at Pachulski Stang Ziehl & Jones
LLP, serve as the Debtors' bankruptcy counsel.  Zolfo Cooper
serves as the Debtors' financial advisors.

In its petition, Friendly Ice Cream Corp. estimated $100 million
to $500 million in assets and debts.  The petitions were signed by
Steven C. Sanchioni, executive vice president, chief financial
officer, treasurer, and assistant secretary.

Friendly's is one of two companies under Sun Capital's portfolio
to file for bankruptcy in a span of two days.  Mexican-food chain
Real Mex, which operates restaurants such as Chevys, filed in
Delaware bankruptcy court on Oct. 3, 2011.

On Oct. 12, 2011, the U.S. Trustee appointed the Committee.  The
Committee currently consists of seven members.  The Committee
selected Akin Gump Straus Hauer & Feld LLP and Blank Rome LLP to
serve as co-counsel to the Committee, and FTI Consulting to serve
as the Committee's financial advisor.

A Sun Capital affiliate, Sundae Group Holdings, offered to pay
about $120 million for the business.  The price includes enough
cash to pay first-lien debt and an amount of cash for unsecured
creditors to be negotiated with the official creditors' committee.
Aside from cash, Sun Capital made a credit bid from the $267.7
million in second-lien, pay-in-kind notes.  On Dec. 29, 2011, the
Bankruptcy Court entered an order approving the sale to Sundae
Group.  The sale closed on Jan. 9, 2012.  Friendly Ice Cream Corp.
was renamed to Amicus Wind Down Corporation following the sale.

Friendly's was one of two companies under Sun Capital's portfolio
to file for bankruptcy in a span of two days.  Mexican-food chain
Real Mex, which operates restaurants such as Chevys, filed in
Delaware bankruptcy court on Oct. 3, 2011.

In early June 2012, the Debtor won approval of its liquidating
Chapter 11 plan where unsecured creditors were told to expect a
recovery between 1.6% and 3.2%.  The plan is partly based on a
settlement where existing owner Sun Capital receives releases of
claims in return for reducing its $279 million second-lien claim
to $50 million and subordinating the remaining secured claim.


GELTECH SOLUTIONS: Issues 598,002 Common Shares COO
---------------------------------------------------
GelTech Solutions, Inc., disclosed with the U.S. Securities and
Exchange Commission that it received $150,000 from Michael Reger,
the Company's chief operating officer and principal shareholder,
in exchange for 598,002 shares of the Company's common stock and
299,001 two-year warrants exercisable at $2.00 per share.

The shares of common stock and warrants were issued without
registration under the Securities Act of 1933 in reliance upon the
exemption provided in Section 4(a)(2) and Rule 506(b) thereunder.

                           About GelTech

Jupiter, Fla.-based GelTech Solutions. Inc., is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3)
Soil2O(R), a product which reduces the use of water and is
primarily marketed to golf courses, commercial landscapers and the
agriculture market; and (4) FireIce(R) Home Defense Unit, a system
for applying FireIce(R) to structures to protect them from
wildfires.

Salberg & Company, P.A., expressed substantial doubt about the
Company's ability to continue as a going concern, citing that the
Company has net cash used in operating activities in 2014 of $5.13
million and has an accumulated deficit of $35.13 million at June
30, 2014.

The Company reported a net loss of $7.11 million for the fiscal
year ended June 30, 2014, following a net loss of $5.22 million
for the fiscal year ended June 30, 2013.

The Company's balance sheet at June 30, 2014, showed $1.24 million
in total assets, $3.14 million in total liabilities and a
stockholders' deficit of $1.9 million.


GENERAL MOTORS: Del High Court Interprets UCC Termination Rules
---------------------------------------------------------------
The Delaware Supreme Court held that for a termination statement
to become effective under Sec. 9-509 of Delaware's version of the
Uniform Commercial Code and thus to have the effect specified in
Sec. 9-513 of the Delaware UCC, it is enough that the secured
party authorizes the filing to be made, which is all that Sec.
9-510 requires.  The Delaware UCC contains no requirement that a
secured party that authorizes a filing subjectively intends or
otherwise understands the effect of the plain terms of its own
filing.

The U.S. Court of Appeals for the Second Circuit certified to the
Delaware Supreme Court this question of law important to a dispute
pending before it:

     "Under UCC Article 9, as adopted into Delaware law by Del.
Code Ann. tit. 6, art. 9, for a UCC-3 termination statement to
effectively extinguish the perfected nature of a UCC-1 financing
statement, is it enough that the secured lender review and
knowingly approve for filing a UCC-3 purporting to extinguish the
perfected security interest, or must the secured lender intend to
terminate the particular security interest that is listed on the
UCC-3?"

The dispute pending before the Second Circuit turns on the effect
of a UCC termination statement -- a "UCC-3 termination statement"
-- filed with the Delaware Secretary of State on behalf of General
Motors Corporation.  That termination statement, by its plain
terms, purported to extinguish a security interest on the assets
of General Motors -- term loan security interest -- held by a
syndicate of lenders, including JPMorgan Chase Bank, N.A.

But neither JPMorgan nor General Motors subjectively intended to
terminate the term loan security interest when General Motors
filed the termination statement. General Motors' counsel for a
separate "synthetic lease" financing transaction, Mayer Brown LLP,
had inadvertently included the term loan security interest on the
termination statement that it filed in the process of unwinding
the synthetic lease. According to JPMorgan, no one at General
Motors, Mayer Brown, or Simpson Thatcher Bartlett LLP (JPMorgan's
counsel for the synthetic lease transaction) noticed this error,
even though individuals at each organization reviewed the filing
statement before the termination statement was filed on October
30, 2008.

It is assumed that JPMorgan itself reviewed the termination
statement and knowingly approved its filing.

After General Motors filed for reorganization under Chapter 11 of
the Bankruptcy Code, JPMorgan informed the unofficial committee of
unsecured creditors -- Creditors Committee -- that a UCC-3
termination statement relating to the term loan had been
inadvertently filed. On July 31, 2009, the Creditors Committee
commenced a proceeding against JPMorgan in the United States
Bankruptcy Court for the Southern District of New York, seeking,
among other things, a determination that the filing of the UCC-3
termination statement was effective to terminate the term loan
security interest and thus render JPMorgan an unsecured creditor
on par with the other General Motors unsecured creditors.

JPMorgan contested that argument, asserting that it had not
authorized the termination statement releasing the term loan
security interest, and that the statement was erroneously filed
because no one at General Motors, JPMorgan, or the law firms
working on the synthetic lease transaction recognized that the
unrelated term loan security interest had been included on the
statement.

On cross-motions for summary judgment, the Bankruptcy Court found
for JPMorgan on various grounds, including that JPMorgan had not
empowered Mayer Brown to act as its agent in releasing the term
loan security interest in the sense that it had only authorized
Mayer Brown to file an accurate termination statement that
released security interests properly related to the synthetic
lease transaction.  Because neither JPMorgan nor General Motors
intended the legal consequences of the UCC-3 termination
statement, the Bankruptcy Court found that the UCC-3 filing was
not authorized and therefore was not effective to terminate the
term loan security interest.

The Creditors Committee appealed to the Second Circuit, arguing,
among other things, that Mayer Brown was authorized as JPMorgan's
agent to file the UCC-3 termination statement.  The Creditors
Committee argued that the only issue is whether JPMorgan had
authorized the filing of the UCC-3 termination statement. So long
as JPMorgan had authorized the statement to be filed, the
termination of all identified security interests, including the
term loan security interest, would be effective.

The Creditors Committee also contended that JPMorgan's argument
that a party can authorize a filing and then later claim that it
had not authorized the filing because it failed to catch an error
in the statement is inconsistent with the plain language of Sec.
9-513 of Delaware's UCC. That language states in pertinent part
that "upon the filing of a termination statement with the filing
office, the financing statement to which the termination statement
relates ceases to be effective."

By contrast, JPMorgan took the position that a party may authorize
a specific document to be filed on its behalf, but that such
authorization does not cause the termination statement to be
effective if errors in the statement resulted in the release of a
security interest that the party did not subjectively intend to
release.

The Second Circuit has indicated that it would be helpful to have
an answer from the Delaware Supreme Court regarding this aspect of
the parties' dispute. That answer may avoid any need for the
Second Circuit to address the parties' disagreement as to whether
Mayer Brown was authorized to act as JPMorgan's agent to file the
UCC-3 termination statement, or provide some useful clarity if the
agency issue must be addressed.

The case is, OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF MOTORS
LIQUIDATION COMPANY, Plaintiff-Appellant, v. JPMORGAN CHASE BANK,
N.A., Individually and as Administrative Agent for various lenders
party to the Term Loan Agreement described herein, Defendant-
Appellee, No. 325, 2014 (Del.).  A copy of the Supreme Court's
October 17, 2014 decision is available at http://is.gd/Y9lUQZfrom
Leagle.com.

                     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.


GLOBAL GEOPHYSICAL: Can Proceed with Dec. 5 Auction
---------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. Bankruptcy Judge Richard S. Schmidt in
Corpus Christi, Texas, signed an order approving the procedures
governing the bidding and sale of Global Geophysical Services
Inc.'s assets and scheduling an auction for Dec. 5.  According to
the report, competing bids are due Dec. 1.

The $200 million in 10.5 percent senior unsecured notes due 2017
last traded on Oct. 15 for 8.5 cents on the dollar, the Bloomberg
report said, citing Trace, the bond-price reporting system of the
Financial Industry Regulatory Authority.

            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.


GT ADVANCED: Court OKs Joint Administration of Bankruptcy Cases
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Hampshire
authorized the joint administration of the Chapter 11 cases of GT
Advanced Technologies Inc., et al.

The Court ordered that the lead case will be that of GT Advanced
Technologies Inc., Case No. 14-11916.

                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.


H & S CERT. AUTO: Case Summary & 13 Unsecured Creditors
-------------------------------------------------------
Debtor: H & S Cert. Auto, Inc.
        9111 Falcon Ridge Drive
        Bridgeview, IL 60455

Case No.: 14-38111

Chapter 11 Petition Date: October 21, 2014

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Carol A. Doyle

Debtor's Counsel: David P Lloyd, Esq.
                  DAVID P. LLOYD, LTD.
                  615B S. LaGrange Rd.
                  LaGrange, IL 60525
                  Tel: 708 937-1264
                  Fax: 708 937-1265
                  Email: courtdocs@davidlloydlaw.com
                         info@davidlloydlaw.com

Total Assets: $929,036

Total Liabilities: $1.76 million

The petition was signed by Mohammed Hussein, president.

A list of the Debtor's 13 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ilnb14-38111.pdf


HOLLY HILL: Ch.11 Trustee Hires CBRE as Real Estate Broker
----------------------------------------------------------
Richard J. Laski, the Chapter 11 Trustee of Holly Hill Community
Church, aka Holy Hill Community Church, seeks authorization from
the Hon. Julia W. Brand of the U.S. Bankruptcy Court for the
Central District of California to employ CBRE, Inc. as his real
estate broker for the sale of the estate's interest in a
commercial real property commonly known as 1111 Sunset Blvd., Los
Angeles, CA 90012.

CBRE will receive a commission equal to 3% of the Property's sale
price that is either actually received by escrow upon closing of
the sale or the total sale proceeds received by the Debtor's
bankruptcy estate from the Sale of the Property or 4% if the
successful buyer is represented by an outside broker without
further application to or order of the Court.

Phillip Sample, senior vice president of CBRE, 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.

CBRE can be reached at:

       Phillip Sample
       CBRE, INC.
       400 S. Hope Street, Suite 2500
       Los Angeles, CA 90071
       Tel: +1 (213) 613-3301
       E-mail: phillip.sample@cbre.com

                           About Holy Hill

Holly Hill Community Church, aka Holy Hill Community Church, a
protestant church in Los Angeles, filed for Chapter 11 protection
(Bankr. C.D. Cal. Case No. 14-21070) on June 5, 2014.  Holly Hill,
a California non-profit corporation incorporated for the purposes
of conducting religious activities as a protestant Christian
church, disclosed $20 million in assets and $12 million in debt.
John Jenchun Suh, the pastor and CEO of the church, signed the
bankruptcy petition.  W. Dan Lee of the Lee Law Offices, in Los
Angeles, is representing the Debtor as counsel.  Judge Julia W.
Brand presides over the case.

Richard J. Laski has been appointed to serve as Chapter 11 trustee
in the Debtor's case.  The Trustee has tapped Arent Fox LLP to
serve as his bankruptcy counsel, and Wilshire Partners of CA, LLC,
as accountant.


HOUSTON REGIONAL: Comcast's Appeal Expected If Court OKs Plan
-------------------------------------------------------------
David Barron, writing for Chron.com, reports that Comcast has said
it will make an appeal to the 5th U.S. Circuit Court of Appeals if
the Hon. Marvin Isgur of the U.S. Bankruptcy Court for the
Southern District of Texas approves of Houston Regional Sports
Network's plan of reorganization, which will bring CSN Houston to
an end and result in layoffs for at least 96 of 141 workers.

Accroding to Chron.com, Judge Isgur said earlier this month that
he would delay the effective takeover of the network by DirecTV
and AT&T to provide Comcast time to appeal.

Chron.com relates that if the Plan is approved, Root Sports
Houston could be launched on Oct. 29, 2014, the first day a
Rockets regular-season game will be available for local broadcast.

              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.


HRK HOLDINGS: Can Access Additional Loan From Regions Bank
----------------------------------------------------------
HRK Holdings, LLC and HRK Industries, LLC received court approval
to get additional loan from Regions Bank N.A.

Judge K. Rodney May of the U.S. Bankruptcy Court for the Middle
District of Florida signed off on an order allowing the companies
to borrow $228,254 from the bank under an operating line of
credit.

The bankruptcy judge also extended to Nov. 30 the maturity date
under two loan facilities provided by Regions Bank.  A copy of the
court order is available for free at http://is.gd/3m2xgP

                           About HRK Holdings

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

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

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

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


INTELLICELL BIOSCIENCES: Taps Dinosaur as Placement Agent
---------------------------------------------------------
Intellicell Biosciences, Inc., executed a letter agreement having
an effective date of Oct. 10, 2014, with Dinosaur Securities, LLC,
pursuant to which Dinosaur and its subsidiaries, affiliates,
successors and assigns, will act as the Company's advisor and
placement agent of investment capital through a private placement
transaction, according to a regulatory filing with the U.S.
Securities and Exchange Commission.

The Agreement provides that Dinosaur will be entitled to receive a
cash fee equal to 10% of the amount of capital raised from
Dinosaur Contacts.  In addition, at closing, the Company will sell
to Dinosaur, and Dinosaur will purchase from the Company, for
$0.001 per each share covered by the warrants, warrants, to
purchase 10% of the number of shares of common stock obtained and
obtainable by Dinosaur Contacts.  The Warrants will be exercisable
on a "cashless exercise" basis over a five year term.  In the
event Dinosaur Contacts exercise warrants included in the
financing contemplated by the Agreement, Dinosaur will be entitled
to receive a cash fee of 5% on the amount of capital raised by the
Company on each such occasion from the Dinosaur Contacts.

The Agreement further provides that the Company will sell to
Dinosaur, and Dinosaur will purchase from the Company, for $0.0001
each, a number of warrants equal to 5% of the fully diluted shares
issued and outstanding for a total consideration of $1,000.  Each
such warrant will have a term of five years and will be
exercisable for one share at an exercise price of $0.001.

Dinosaur will have the right of first refusal in the event the
Company, within the period of 18 months following the closing of
the private placement, intends effectuate any public offering of
the Company's securities.

The Agreement provides that the Company will indemnify and hold
harmless Dinosaur and any Indemnified Party against certain
liabilities incurred.  The Agreement may be terminated by the
Company at any time upon  30 days prior written notice.

                  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
June 30, 2014, showed $3.34 million in total assets, $15.64
million in total liabilities and a stockholders' deficit of $12.3
million.

                           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.


IHS INC: Moody's Assigns Ba1 Corp. Family Rating; Outlook Stable
----------------------------------------------------------------
Moody's Investors Service assigned a first-time Ba1 Corporate
Family Rating (CFR) and a Ba1-PD Probability of Default Rating to
IHS Inc (IHS) in connection with the company's proposed $500
million senior notes offering. The senior notes due in 2022 are
also rated Ba1. Moody's also assigned a speculative grade
liquidity rating of SGL-1 to IHS. The ratings outlook is stable.
The net proceeds from the new notes will be used to refinance
existing debt.

Ratings Rationale

The Ba1 rating reflects IHS' strong revenue growth prospects,
including Moody's expectations of about 6% to 8% organic growth
that will be augmented by acquired revenues, high EBITDA margins
of approximately 25% (incorporating Moody's standard analytical
adjustments, mainly stock-based compensation expense) and good
EBITDA to free cash flow conversion. Moody's expects IHS to
generate approximately $500 million in free cash flow in 2015
(nearly 20% of total adjusted debt). IHS' credit profile is
further supported by its high proportion of recurring revenues
(77% of revenues) with high renewal rates, especially with the
larger customers that comprise the bulk of the company's revenues
and profitability. The company's subscription products are
embedded in its customers' core operations and capital planning
workflows, leading to high client renewal rates.

However, Moody's expects the company to remain acquisitive and
despite its strong growth, leverage will likely remain in the 3.5x
to 4.0x range over the next 12 to 18 months as free cash flow will
be deployed primarily toward acquisitions. Pro forma for the
refinancing, IHS' leverage will be 4.2x (total debt to LTM 3Q 2014
EBITDA, incorporating Moody's adjustments, notably, stock-based
compensation which adds about 1.1x to leverage).

The stable ratings outlook reflects Moody's expectations that
organic revenue growth should exceed 6% and total debt to EBITDA
should gradually decline to less than 4.0x over the next 12
months.

IHS' SGL-1 speculative grade liquidity rating is supported by the
company's solid free cash flow, good cash balances and
approximately $700 million availability under the new $1.3 billion
revolving credit facility at the close of the refinancing.

Given the expectations of high leverage over the intermediate
term, a ratings upgrade is not expected. However, Moody's could
raise IHS' ratings if earnings increase and the company
demonstrates a commitment to more conservative financial policies.
IHS' ratings could be upgraded if Moody's expects IHS' total debt
to EBITDA (Moody's adjusted) will be sustained below 3.0x and if
the company maintains good revenue growth rates and EBITDA
margins. Conversely, the ratings could be downgraded if financial
policies become more aggressive, organic revenue growth rates
decline to the low single digit rates for an extended period of
time or EBITDA margins decline such that Moody's believes that
total debt to EBITDA and free cash flow-to-debt are unlikely to be
sustained below 4x (Moody's adjusted) and in excess of 10%,
respectively.

The following ratings (assessments) were assigned:

  Corporate Family Rating, Ba1

  Probability of Default Rating, Ba1-PD

  Senior Unsecured Notes due 2022, Ba1(LGD 4)

  Speculative Liquidity Grade, SGL-1

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

IHS is a global provider of research, analytics and information to
customers primarily in the energy, chemicals, electronics and
transportation industries. IHS generated $2.2 billion in revenues
in the twelve months ended August 2014.


IHS INC: S&P Assigns 'BB+' CCR on Proposed Refinancing
------------------------------------------------------
Standard & Poor's Ratings Services said on Oct. 21, 2014, it
assigned its 'BB+' corporate credit rating to Englewood, Colo.-
based IHS Inc.  The outlook is stable.

At the same time, S&P assigned its 'BB+' issue-level rating to
IHS' $1.3 billion senior unsecured revolving credit facility due
2019, $700 million senior unsecured term loan due 2019, and
proposed $500 million senior unsecured notes due 2022.  The '3'
recovery rating on these instruments indicates S&P's anticipation
for meaningful recovery (50% to 70%) in the event of payment
default.  The recovery rating for these instruments is capped at
'3'; recovery ratings on unsecured debt issued by companies rated
'BB-' or higher are capped at '3' to account for the risk of
incremental debt issuance prior to default.

The proceeds from the new notes will be used to repay IHS' term
loan due 2015 and a portion of the balance on its revolving credit
facility.  IHS Global Inc. is the borrower of the $700 million
term loan.

"The ratings reflect our view of IHS' acquisitive growth strategy,
which we believe could result in re-leveraging to the 4x area, and
its good market positions, high recurring revenue, and good track
record of operating performance," said Standard & Poor's credit
analyst Christian Frank.

IHS' business risk profile incorporates S&P's view of its leading
position in the markets for energy and automotive data and
analytics, high recurring revenue (above 75% of total), unique
data sources particularly in the automotive area, and good track
record of operating performance with mid-single-digit average
annual organic revenue growth during the past several years a
increasing profit margins.  Partly offsetting the above strengths,
in S&P's view, are IHS' integration risks associated with
acquisitions that have grown in size over time (although to date,
these risks have not had materially negative effects on operating
performance) and the use of publicly available data sources
particularly in its energy products (although value-added
analytics transform such data into unique offerings).

IHS' financial risk profile reflects S&P's view of its leverage of
2.8x as of Aug. 31, 2014, down from a peak in the high 3x area one
year ago, pro forma for its acquisition of R.L. Polk, on a
combination of pro forma EBITDA growth and debt repayment.  The
company generated $586 million in free operating cash flow (FOCF)
for the 12 months ended Aug. 31, 2014, partly benefiting from high
working capital cash sources.  The rating reflects S&P's view that
the company's acquisitive growth strategy could result in
transactions that would re-leverage the company to the 3x-4x
range.

IHS provides data and analytics products for the energy,
automotive, and other adjacent industries on a global scale.  The
company has targeted capital-intensive industries that use its
products to inform decisions on investment spending.  The industry
is fragmented but differentiated with market participants offering
niche products, and pricing has thus been stable.  IHS competes
against a large number of players in its various segments but no
single competitor across its entire business.  As a result of this
fragmentation, S&P sees significant opportunity for IHS to
continue its acquisitive growth strategy.

The stable outlook reflects S&P's view that IHS' good market
position and recurring revenue base are likely to result in
consistent operating performance over the next 12 months.

S&P could lower the rating if the company pursues debt-financed
acquisitions or implements more aggressive shareholder return
programs resulting in sustained leverage of more than 4x.

S&P could raise the rating if IHS restores debt capacity such that
S&P believes it can achieve its growth and shareholder return
objectives while generally maintaining leverage in the high 2x
area or lower.


IHS INC: S&P Ratings Unaffected by Upsized Notes
------------------------------------------------
In an Oct. 21, 2014 release, Standard & Poor's Ratings Services
said that its corporate credit rating on IHS Inc. (BB+/Stable/--)
remains unchanged following the upsizing of the company's proposed
senior unsecured notes to $750 million from $500 million.  The
company will use the incremental proceeds to pay down borrowings
on its revolving credit facility. Also unchanged are the 'BB+'
issue-level and '3' recovery ratings on the company's revolving
credit facility, term loan, and proposed notes, all of which are
unsecured.  The '3' recovery rating indicates S&P's expectation
for meaningful recovery (50% to 70%) in the event of payment
default.  S&P's recovery expectations fall in the upper half of
the 50% to 70% range.


KENNY G: Owner Defeated in Emein Suit Appeal
--------------------------------------------
In a court trial, Shadi Emein, individually and in her capacity as
trustee of the EM Trust, and her husband Kami Emein obtained a
judgment of $1,796,625.50 against Kenneth Gharib for breach of a
settlement agreement and mutual release arising from prior
litigation between the Emeins and Gharib and a corporation Gharib
controlled, Kenny G. Enterprises, LLC.  The settlement agreement
called for installment and other payments to the Emeins totaling
$1.5 million.

At trial, the parties introduced different documents that they
purported to be the settlement agreement. Under the document the
Emeins introduced, both Gharib and KGE were liable for the $1.5
million.  The Emeins' document bore the parties' original
signatures.  Under the document Gharib introduced, only KGE, and
not Gharib, was liable for the $1.5 million.  Gharib's document
bore copied signatures.

The trial court found that Exhibit 1 was the operative settlement
agreement. After the trial court rendered its verdict but before
it entered judgment, Gharib moved to reopen his case-in-chief,
claiming that he had found his signed original copy of the
settlement agreement under which only KGE, and not Gharib, was
liable.  The trial court denied the motion.

On appeal, Gharib contends that the trial court abused its
discretion in denying his motion to reopen his case-in-chief.
Alternatively, he contends that the trial court erred in
accelerating the payments due under the settlement agreement.

In an October 20 decision available at http://is.gd/zMp9uhfrom
Leagle.com, the Court of Appeals of California, Second District,
Division Five, affirmed the trial court's denial of Gharib's
motion to reopen his case-in-chief, reversed the trial court's
damages award, and remanded the matter to the trial court for a
recalculation of damages, including interest.

The case is, SHADI EMEIN et al., Plaintiffs and Respondents, v.
KENNETH GHARIB, Defendant and Appellant, No. B248352 (Cal. App.).

Kenny G Enterprises, LLC, based in Irvine, Calif., filed for
Chapter 11 bankruptcy (Bankr. C.D. Cal. Case No. 11-24750) in
Santa Ana on Oct. 24, 2011.  Perry Roshan-Zamir, Esq., at the Law
Offices Of Perry Roshan-Zamir, served as counsel.  In its
petition, the Debtor did not declare estimated assets but said
debts are between $1 million to $10 million.  The petition was
signed by Kenneth Gharib, managing member.

At that time of the bankruptcy filing, the bankruptcy estate's
property included the residence located at 10 Horseshoe Court,
Hillsborough, California.

On Nov. 14, 2012, the Debtor filed a reorganization plan. The
Bankruptcy Court confirmed the plan on Jan. 3, 2013.  Paragraph
VII(a) of the plan, consistent with bankruptcy law, revested the
Hillsborough property in the Debtor.


KID BRANDS: Gets Approval to Resolve Dispute With Disney Consumer
-----------------------------------------------------------------
Kid Brands, Inc. received court approval for a deal that would
resolve its dispute with Disney Consumer Products Inc. over the
sale of its assets that include Disney-branded inventory and
tooling.

The settlement allows Kid Brands, the East Rutherford-based maker
of baby bedding, furniture and toys, to sell the assets in
exchange for a release of any claim it may have against Disney.
Meanwhile, Disney agreed to waive any claim tied to the licenses
it previously provided to the company.

                        About Kid Brands

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

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

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

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

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

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


KO-KAUA OHANA: Propsoes GlassRatner as Interest Rate Expert
-----------------------------------------------------------
Ohana Group LLC is seeking approval to employ GlassRatner Advisory
& Capital Group, LLC as its interest rate expert.

Bankruptcy Judge Marc Barreca has scheduled a hearing on Oct. 31,
2014, 9:30 a.m.  Objections, if any, are due Oct. 24.

GlassRatner will assist the Debtor in demonstrating to the Court
that the proposed interest rate in its First Amended Plan is
reasonable and appropriate under the applicable standards.

The Debtor and its former bankruptcy counsel, Bush Strout &
Kornfeld LLP, engaged J. Michael Issa of GlassRatner as its
interest rate expert to prepare a written expert report and
testify, as necessary, at the evidentiary hearing on the Debtor's
First Amended Plan of Reorganization, which was set for Dec. 9 and
10, 2013.  The Debtor intended to seek approval of GlassRatner's
engagement but the application was not filed.

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

The Trustee previously objected to the Debtor's ex parte motion
for approval, nun pro tunc, of GlassRatner's employment, arguing
that the motion must be on a notice basis, and a further showing
of "exceptional circumstances" be made.

The Debtor submitted that "exceptional circumstances" are met, and
that the services rendered by GlasRather did have a direct benefit
to the estate in a significant manner.

In this relation, the Debtor requested that the Court authorize
the engagement of GlassRatner.

                       About Ohana Group LLC

Ohana Group LLC, in Seattle, Washington, filed for Chapter 11
bankruptcy (Bankr. W.D. Wash. Case No. 12-21904) on Nov. 30, 2012.
Judge Marc Barreca oversees the case.  James L. Day, Esq., at Bush
Strout & Kornfeld LLP, serves as bankruptcy counsel.  In its
petition, the Debtor scheduled $16,000,000 in assets and
$11,696,131 in liabilities.


LEHMAN BROTHERS: Owes $38.6MM, Tobacco Settlement Fund Says
-----------------------------------------------------------
Joseph Checkler, writing for Daily Bankruptcy Review, reported
that the state of Washington's tobacco settlement authority says
Lehman Brothers Holdings Inc. owes it nearly $40 million for a
terminated swap agreement tied to money Lehman invested for it.
According to the report, in a filing with U.S. Bankruptcy Court in
Manhattan, lawyers for the tobacco authority say Lehman's expert
witness's contention that Lehman is actually the one owed money is
"absurd."

                      About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On Sept. 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI.

The Bankruptcy Court has approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also
bought Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion (US$33
billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LIBERATOR INC: Issues Letter to Shareholders
--------------------------------------------
Liberator Inc. filed with the U.S. Securities and Exchange
Commission a copy of a letter to shareholders dated Oct. 20, 2014,
to give an update on its significant progress across a number of
fronts and its vision for the future of the business.

Louis Friedman, CEO, said the Company is moving forward with
additional products and business lines.

He added, "Looking back to the changes in our industry and in our
business has led us to the evolution of our vision statement.  It
now reads: We are not just a company; we are a global brand
category that not only enhances a life of intimacy, but helps
create it."

A copy of the Letter is available for free at:

                        http://is.gd/M9ZTRm

                        About Liberator Inc.

Atlanta, Georgia-based Liberator is a vertically integrated
manufacturer that designs, develops and markets products and
accessories that enhance intimacy.  Liberator is also a nationally
recognized brand trademark, brand category and a patented line of
products commonly referred to as sexual positioning shapes and sex
furniture.

Liberator disclosed a net loss of $376,056 on $14.71 million of
net sales for the year ended June 30, 2014, compared to a net loss
of $288,485 on $13.84 million of net sales for the year ended June
30, 2013.

The Company's balance sheet at June 30, 2014, showed $3.31 million
in total assets, $5.20 million in total liabilities and a $1.89
million total stockholders' deficit.

Liggett, Vogt & Webb, P.A., in Boynton Beach, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended June 30, 2014.  The independent
auditors noted that the Company has a net loss of $376,056, a
working capital deficiency of $1,685,712, an accumulated deficit
of $8,423,741 and a negative cash flow from continuing operations
of $199,396.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


LIQUIDMETAL TECHNOLOGIES: Stockholders Elected 6 Directors
----------------------------------------------------------
Liquidmetal Technologies, Inc., held its annual meeting of
stockholders on Oct. 16, 2014, at which the stockholders:

    (i) elected Thomas Steipp, Scott Gillis, Abdi Mahamedi,
        Ricardo Salas, Bob Howard-Anderson and Richard Sevcik
        to the Company's board of directors;

   (ii) voted against the amendment to the Company's 2012 Equity
        Incentive Plan to (a) increase the aggregate number of
        shares of common stock authorized for issuance under the
        plan by 30,000,000 shares, and (b) increase the aggregate
        number of shares of common stock that may be issued or
        transferred upon the exercise of incentive stock options
        by 30,000,000 shares;

  (iii) granted advisory approval of the compensation of the
        Company's named executive officers; and

   (iv) ratified the appointment of SingerLewak LLP as the
        Company's independent registered public accounting firm
        for fiscal year 2014.

                 About Liquidmetal Technologies

Based in Rancho Santa Margarita, Cal., Liquidmetal Technologies,
Inc., and its subsidiaries are in the business of developing,
manufacturing, and marketing products made from amorphous alloys.
Liquidmetal Technologies markets and sells Liquidmetal(R) alloy
industrial coatings and also manufactures, markets and sells
products and components from bulk Liquidmetal alloys that can be
incorporated into the finished goods of its customers across a
variety of industries.  The Company also partners with third-
party licensees and distributors to develop and commercialize
Liquidmetal alloy products.

Liquidmetal reported a net loss and comprehensive loss of $14.24
million on $1.02 million of total revenue for the year ended
Dec. 31, 2013, as compared with a net loss and comprehensive loss
of $14.02 million on $650,000 of total revenue for the year ended
Dec. 31, 2012.

The Company's balance sheet at June 30, 2014, showed $16.01
million in total assets, $8.45 million in total liabilities, and
stockholders' equity of $7.56 million.

SingerLewak LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has suffered recurring losses from operations and
has an accumulated deficit.  This raises substantial doubt about
the Company's ability to continue as a going concern.


MAIN STREET HOLDINGS: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Main Street Holdings, LLC
        PO Box 709
        Waukesha, WI 53187-0709

Case No.: 14-33043

Chapter 11 Petition Date: October 21, 2014

Court: United States Bankruptcy Court
       Eastern District of Wisconsin (Milwaukee)

Debtor's Counsel: William H. Green, Esq.
                  GREEN & KAPSOS LAW OFFICES, LLC
                  3216 South 92nd Street, Ste. 201
                  Milwaukee, WI 53227
                  Tel: 414-543-5369
                  Fax: 414-543-1164
                  Email: greenkapsos@gmail.com

Total Assets: $4.22 million

Total Liabilities: $3.99 million

The petition was signed by J. A. Fuller, manager.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/wieb14-33043.pdf


MASON COPPELL: Has Nov. 24 Plan Confirmation Hearing
----------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the U.S. Bankruptcy Court in Texas has
approved the disclosure statement explaining the liquidating
Chapter 11 plan filed by the Official Committee of Unsecured
Creditors for Mason Coppell OP LLC and scheduled a Nov. 24 hearing
to consider confirmation of the plan.

As previously reported by The Troubled Company Reporter, under the
Plan, the Creditors Committee proposes to administer the
bankruptcy assets through a Liquidating Trust and appoint a
Liquidating Trustee to, among other things, (i) allocate the sale
proceeds; (ii) pay all secured claims, administrative expenses and
priority claims; (iii) liquidate all remaining assets, converting
the assets to cash; and (iv) distribute the cash to unsecured
creditors pursuant to the terms of the Plan.

Secured claims of Oxford Finance LLC will only be paid out of the
assets of the Debtors obligated to Oxford Finance LLC.  Mason
Mesquite's estate will pay 20% of the Chapter 11 Administrative
Claims incurred during the administration of the Bankruptcy Cases
and 100% of any tax, secured or other priority claims asserted
against its estate.  The remaining cash will be allocated to a
Liquidation Reserve established for the Oxford Debtors (the
"Oxford Debtor Reserve" as defined in the Plan) and used to pay
the Oxford Secured Claim, the remaining 80% of the Chapter 11
Administrative Claims, and all other tax, secured or priority
claims asserted against the Oxford Debtors.  To ensure a fair
balancing of the Oxford Debtors' assets, the Plan uses a formula
to divide the remaining cash among the Oxford Debtors.

Creditors will also have the opportunity to participate in future
litigation of estate causes of action.  The Plan gives the
unsecured creditors an option to "opt in" or "opt out" of future
litigation.  The Creditors Committee believes this opt-in/opt-out
approach gives creditors the flexibility to decide how best to use
the available funds -- distribute them faster, or hold some back
in an effort to maximum recoveries through litigation.

Based on these proposed allocations and divisions, the Creditors
Committee anticipates that general unsecured creditors of each
estate will receive distributions of 14% to 17% for creditors of
the Oxford Debtors, or approximately 25% for creditors of Mason
Mesquite.

                       About Mason Coppell

Mason Coppell OP, LLC, Mason Georgetown OP, LLC, Mason Mesquite
OP, LLC, and Mason Round Rock OP, LLC operate five skilled nursing
homes in Texas.  Mason Georgetown RealCo, LLC, owns the real
estate and building for the operations of Mason Georgetown.  They
initiated the Chapter 11 cases to effectuate a prompt transfer of
their assets and operations to preserve patient safety and any
potential value for creditors.

Mason Coppell OP, LLC, et al., filed Chapter 11 bankruptcy
petitions (Bankr. N.D. Tex. Case Nos. 14-31327 to 14-14-31334) on
March 18, 2014.  Judge Stacey Jernigan presides over the cases.

The Debtors estimated assets of at least $10 million and debts of
at least $10 million.

The Debtors, except Mason Georgetown Realco, are represented by
Joe E. Marshall, Esq., Thomas D. Berghman, Esq., and Timothy A.
Million, Esq., at Munsch Hardt Kopf & Harr, P.C.  Georgetown
Realco is represented by Jonathan S. Covin, Esq., and Shayla L.
Friesen, Esq., at Wick Phillips Gould & Martin, LLP.

Deloitte Transactions and Business Analytics, LLP, acts as the
Debtors' restructuring advisor with Louis Robichaux serving as
chief restructuring officer.

On March 28, 2014, the U.S. Trustee appointed an Unsecured
Creditors' Committee in the cases.  To date there has been no
request made for the appointment of a trustee or examiner.

Counsel for the Committee is Cox Smith Mathews Incorporated's Mark
Andrews, Esq.

Counsel for Oxford Finance, LLC, which is owed almost $16 million
on a term loan and revolving credit, is Vedder Price P.C.'s Jon
Aberman, Esq.

Mason Coppell OP, LLC, et al., obtained Court authority to sell
substantially all of their assets for a total of $16.1 million,
consisting of $4.0 million for so-called facility assets and $12.1
million for the 142-bed nursing home facility commonly known as
Estrella Oaks Rehabilitation Care Center, in Georgetown, Texas.

At the closing of the sale, proceeds of the sale of the real
property in the amount of $12.1 million, less adjustments,
required U.S. Trustee fees, and required administrative expenses,
will be paid to Oxford.

Debtor Mason Friendswood OP, LLC, has separately sought authority
to sell the Friendship Haven Health and Rehabilitation Center to
ensure uninterrupted and continued care at the Facility.

The Official Committee of Unsecured Creditors filed a Plan of
Liquidation and accompanying Disclosure Statement on August 29,
2014.


MEDICAL PROPERTIES: Moody's Affirms 'Ba1' Corp. Family Rating
-------------------------------------------------------------
Moody's Investors Service has affirmed the Ba1 senior unsecured
debt rating and Ba1 corporate family rating of Medical Properties
Trust, Inc. The rating outlook is stable. These rating
affirmations follow the REIT's announcement that it has agreed to
acquire and lease back substantially all of the real estate assets
of MEDIAN Kliniken Group, the largest private provider of post-
acute and acute rehabilitation services in Germany. The purchase
price for the real estate is about 705 million euros, or $900
million based on current exchange rates. MPT also announced $155
million of additonal previously undisclosed investments and
commitments, consisting of a mix of US acute care hosptials and
German rehab facilities that will be leased to RHM - a current
tenant of MPT's assets in Germany.

The following ratings were affirmed with a stable outlook:

  MPT Operating Partnership, L.P. -- senior unsecured debt at
  Ba1; senior unsecured debt shelf at (P)Ba1

  MPT Finance Corporation -- senior unsecured debt shelf at
  (P)Ba1

  Medical Properties Trust, Inc. -- corporate family rating at
  Ba1

Ratings Rationale

Moody's notes that the MEDIAN acquisition offers MPT enhanced size
(gross assets increasing about 26%), with a broader and deeper
platform of healthcare real estate investments. This is the REIT's
second investment in Germany, as it acquired a smaller portfolio
of rehabilitation facilities leased to RHM in 2013. Moody's view
the REIT's international strategy positively as it is enhancing
its geographic diversification in a market with stable payment
dynamics and positive demographic trends similar to those that
prevail in the U.S. MPT is also expanding its future growth
opportunities, as it is establishing relationships with leading
operators in the German healthcare market, which is highly
fragmented and ripe for consolidation.

Moody's believes the largest credit risks associated with this
acquisition include execution risk associated with the REIT's
continued rapid growth trajectory, particularly as it is now
entering new markets and moving to a global platform. Furthermore,
it is also gaining a new top tenant exposure with Median, who will
comprise 20% of the pro forma portfolio. Persistent tenant
concentration remains a key credit challenge for MPT. The REIT
does have strong EBITDAR coverage ratios throughout most of its
portfolio, which provides cushion, but risks remain.

Moody's expects that this transaction will be financed with a mix
of long-term capital that allows the REIT to adhere to its stated
financial policies (approximately 40%-45% debt/gross assets). The
REIT has a history of maintaining relatively strong credit metrics
for its rating category and Moody's does not expect this to
change.

MPT's stable outlook reflects Moody's expectation that the REIT
will successfully integrate recent acquisitions and continue to
grow and diversify its portfolio, while maintain relatively
conservative credit metrics for its rating category and sound
liquidity.

Upward ratings movement would likely reflect increased size (gross
assets above $5 billion), while reducing tenant concentration (top
two operators below 30% of revenues). Maintenance of Net
Debt/EBITDA below 5.5x on average and fixed charge coverage closer
to 3.5x, as well as stable tenant operating performance (as
reflected by EBITDAR coverage ratios) would also be needed.

Downward ratings movement would be likely should MPT's fixed
charge coverage fall below 2.5x on a sustained basis or leverage
rise above 50% of gross assets. In addition, should one of MPT's
larger operators experience a reduced capacity to meet rental
obligations, the REIT's ratings could be downgraded.

The principal methodology used in this rating was Global Rating
Methodology for REITs and Other Commercial Property Firms
published in July 2010.

The last rating action with respect to Medical Properties Trust
was on March 1, 2012 when Moody's upgraded the ratings with a
stable outlook.

Medical Properties Trust (NYSE: MPW) is a real estate investment
trust that acquires, develops, leases and makes investments in
healthcare facilities, including acute care hospitals, inpatient
rehabilitation hospitals, and long-term acute care hospitals.


MICHAEL GLYN BROWN: Court Limits Ex-Wife's Claim to $18,000
-----------------------------------------------------------
Bankruptcy Judge Jeff Bohm in Houston, Florida, junked a $571,080
claim filed by Rachel Brown, the widow of debtor Michael Glyn
Brown, against the Debtor's bankruptcy estate.  Judge Bohm said he
can only recommend awarding her the "paltry" sum of $18,000 from
the Debtor's probate estate -- the maximum allowable amount under
Florida law.

"The Court is not enamored with this result, as the Applicant has
undergone several years of hostile divorce proceedings with the
Debtor while raising three minor children. . . .  But, this Court
will not disregard the applicable Florida statute," the judge
explained.  "The Florida Legislature has passed a statute that
unambiguously places a ceiling of $18,000 on the family allowance,
and provides for no allowance in lieu of homestead or exempt
personal property; and this Court cannot "use its remedial powers
to circumvent the intent of the legislature." . . .  The only
consolation that this Court can take in issuing this harsh ruling
is that the Applicant has recently remarried, and hopefully her
new husband can assist her, both emotionally and financially, in
raising her children and leading a more peaceful life herself."

Michael Glyn Brown, who was trained as a physician, owned a
successful group of hand surgery centers utilizing his patented
hand surgery technique.  These centers generated annual revenues
in the millions of dollars for many years.

In August 2010, the Debtor and Rachel Brown separated.  Rachel
Brown thereafter filed for divorce in Texas state court.

On Jan. 23, 2013, the Debtor filed a Chapter 11 petition in the
U.S. Bankruptcy Court for the Southern District of Florida.  On
September 24, 2013, venue of the Chapter 11 case was transferred
to the Southern District of Texas.  On November 10, 2013, the
Debtor died in Florida.

The divorce proceedings were extremely acrimonious and protracted.
The Debtor and Rachel Brown had still not obtained a decree of
divorce by the time that the Debtor died in November 2013.

The bankruptcy cases are In Re MICHAEL GLYN BROWN, In Re LIONHEART
COMPANY, INC., In Re CASTLEMANE, INC., In Re PRORENTALS, INC., In
Re SUPERIOR VEHICLE LEASING CO., INC., and In Re MG BROWN COMPANY,
LLC, Case Nos. 13-35892-H4-7, 13-36390-H4-7, 13-36407-H4-7, 13-
36408-H4-7, 13-36410-H4-7, 13-36411-H4-7, Jointly Administered
under Case No. 13-35892-H4 (Bankr. S.D. Tex.).  A copy of Judge
Bohm's October 17, 2014 Memorandum Opinion is available at
http://is.gd/rbZih4from Leagle.com.


MVB HOLDING: Names Michael Cavanaugh as Gaming Commission Counsel
-----------------------------------------------------------------
MVB Holding, LLC seeks authorization from the U.S. Bankruptcy
Court for the Southern District of Mississippi to employ Michael
Cavanaugh as special counsel.

Mr. Cavanaugh will represent the Debtor with respect to Gaming
matters and matters pending before or related to the Mississippi
Gaming Commission for and on behalf of the debtor-in-possession.

The Debtor will pay Mr. Cavanaugh $350 per hour.

The Debtor assured the Court Mr. Cavanaugh 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.

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.


NATROL INC: Has Until February 2015 to File Plan
------------------------------------------------
Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware extended the period by which Natrol, Inc., et
al., have exclusive right to file a plan until Feb. 6, 2015, and
the period by which the Debtors have exclusive right to solicit
acceptances of that plan until April 7, 2015.

                        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.


NAUTILUS HOLDINGS: Files Chapter 11 Plan
----------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Nautilus Holdings Ltd., the owner of 16
container ships, filed a proposed reorganization plan and
explanatory disclosure statement that would implement changes in
$144.4 million of financing for the vessels M/V Texas and M/V
Washington provided by lender DVB Bank SE.

According to the report, the bankruptcy court will hold a hearing
on Nov. 14 to consider approval of the disclosure statement,
required before creditors can vote.  The agreement with DVB
requires approval of the disclosure statement by Dec. 1 and court
approval of the plan with a confirmation order signed by the
bankruptcy judge by Jan. 15, the report related.

                    About Nautilus Holdings

Nautilus Holdings Limited and 20 affiliated companies, including
Nautilus Holdings No. 2 Limited, filed bare-bones Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 14-22885) in
White Plains, New York, on June 23, 2014.

The affiliates are Nautilus Holdings No. 2 Limited; Nautilus
Shipholdings No. 1 Limited; Nautilus Shipholdings No. 2 Limited;
Nautilus Shipholdings No. 3 Limited; Able Challenger Limited;
Charming Energetic Limited; Dynamic Continental Limited; Earlstown
Limited; Findhorn Osprey Limited; Floral Peninsula Limited; Golden
Knighthead Limited; Magic Peninsula Limited; Metropolitan Harbour
Limited; Metropolitan Vitality Limited; Miltons' Way Limited;
Perpetual Joy Limited; Regal Stone Limited; Resplendent Spirit
Limited; Superior Integrity Limited; and Vivid Mind Limited.

The Debtors' cases have been assigned to Judge Robert D. Drain,
and are being jointly administered for procedural purposes.

Hamilton, Bermuda-based Nautilus estimated $100 million to $500
million in assets and debt.  Monrovia, Liberia-based Reminiscent
Ventures S.A. owns 100% of the stock.  Nautilus has tapped Jay
Goffman, Esq., Mark A. McDermott, Esq., Shana A. Elberg, Esq., and
Suzanne D.T. Lovett, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, in New York, as counsel; and AP Services, LLC, as financial
advisor.  Epiq Bankruptcy Solutions LLC serves as the claims and
noticing agent.


NEPHROS INC: Files 5 Million Shares Prospectus with SEC
-------------------------------------------------------
Nephros, Inc., filed with the U.S. Securities and Exchange
Commission a Form S-1 registration statement relating to the
distribution, at no charge, to holders of its common stock of up
to 5,000,000 Shares of common stock issuable Upon the exercise of
non-transferable rights to subscribe for those Shares.

The Company will not issue any fractional shares.  Instead the
Company will round up any fractional shares to the nearest whole
share.

Shares of the Company's common stock are quoted on the OTCQB
Marketplace operated by the OTC Markets Group, Inc., or OTCQB,
under the ticker symbol "NEPH."  The shares of common stock issued
in the rights offering will also be quoted on the OTCQB under the
same ticker symbol.  The subscription rights will not be listed
for trading on any stock exchange or market or quoted on the
OTCQB.

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

                       http://is.gd/CuIWsp

                           About Nephros

River Edge, N.J.-based Nephros, Inc., is a commercial stage
medical device company that develops and sells high performance
liquid purification filters.  Its filters, which it calls
ultrafilters, are primarily used in dialysis centers and
healthcare facilities for the production of ultrapure water and
bicarbonate.

Nephros, Inc., reported a net loss of $3.69 million in 2013
following a net loss of $3.26 million in 2012.

As of June 30, 2014, the Company had $2.35 million in total
assets, $2.13 million in total liabilities and $216,000 in total
stockholders' equity.

Rothstein Kass, in Roseland, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that the
Company has incurred negative cash flow from operations and net
losses since inception.  These conditions, among others, raise
substantial doubt about its ability to continue as a going
concern.


NEW BERN RIVERFRONT: Weaver Can't Appeal Interlocutory Orders
-------------------------------------------------------------
District Judge W. Earl Britt, denied Weaver Cooke Construction,
LLC's motions for leave to appeal interlocutory orders issued by
U.S. Bankruptcy Judge Stephani W. Humrickhouse in disputes related
to the alleged defective construction of the SkySail Luxury
Condominiums located in New Bern, North Carolina.

In March 2009, the project developer commenced an action against
Weaver Cooke, along with several other defendants, in Wake County
Superior Court to recover for the alleged construction
deficiencies. In November 2009, the developer filed for chapter 11
bankruptcy in the U.S. Bankruptcy Court for the Eastern District
of North Carolina. The state action was subsequently removed to
the U.S. District Court for the Eastern District of North
Carolina, then transferred to the bankruptcy court.

Weaver Cooke filed an answer and third-party complaint in May
2010, but did not name any subcontractors as third-party
defendants. In June 2012, Weaver Cooke filed a second third-party
complaint, this time naming Stock Building Supply, LLC; Curenton
Concrete Works, Inc.; and Waterproof Specialties, Inc., among
others, as third-party defendants, asserting claims of negligence,
breach of express warranty, and contractual indemnity.

Stock, Curenton, and WSI filed motions for summary judgment as to
all three of Weaver Cooke's causes of action. In separate orders,
the bankruptcy court granted Stock's, Curenton's, and WSI's
motions as to the negligence and breach of warranty claims based
on the statute of limitations, but it reserved ruling on the
contractual indemnity claims. Subsequently, the bankruptcy court
granted Stock's motion for summary judgment on the contractual
indemnity claims, dismissing Stock completely from the underlying
adversary proceeding in the bankruptcy court.

A copy of the District Court's Oct. 16, 2014 Order is available at
http://is.gd/vgVzEwfrom Leagle.com.

                     About New Bern Riverfront

Cary, North Carolina-based New Bern Riverfront Development, LLC,
is the developer of SkySail Condominium, consisting of 121
residential condominiums (plus 1 commercial/non-residential unit)
located on Middle Street on the waterfront in historic downtown
New Bern, North Carolina, and sells the SkySail Condominiums in
the ordinary course of business.  New Bern Riverfront filed for
Chapter 11 bankruptcy protection (Bankr. E.D.N.C. Case No.
09-10340) on Nov. 30, 2009.  John A. Northen, Esq., at Northen
Blue, LLP, represents the Debtor.  The Company disclosed
$31,515,040 in assets and $25,676,781 in liabilities as of the
Chapter 11 filing.

New Bern Riverfront has filed an Amended Plan of Reorganization,
which represents a consensual plan negotiated with the Debtor's
secured creditor, Wells Fargo Bank, N.A.  The Debtor contemplates
selling properties.


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

Judge Summerhays also authorized the "Palm Terrace" Debtors to
use cash collateral securing their indebtedness owing to pre-
bankruptcy lender Pacific Western Bank from Oct. 6, 2014, to Nov.
28, 2014, pursuant to the budget.

The "Palm Terrace" Debtors told the Court that they will use the
proceeds of advances, subject to a cash collateral budget, solely
to pay:

a) payroll and related expenses approved by lender in its
    reasonable discretion and by the Bankruptcy Court;

b) deposits to utilities approved by lender in its reasonable
    discretion and by the Bankruptcy Court

c) critical vendors approved by lender in its reasonable
    discretion and by the Bankruptcy Court;

d) working capital reasonable and necessary for operation of the
    "Palm Terrace" Debtors' business and preservation and
    enhancement of the Collateral and meeting the "Palm Terrace"
    Debtors' obligations and responsibilities under Bankruptcy
    Court orders and contracts;

e) amounts necessary to cure executory contracts assumed with the
    written consent of lender;

f) with respect to final borrowing advances only, payment of the
    PacWest loan;

g) the Carve-Out;

h) principal, interest and fees on the DIP facility;

i) payment of Bankruptcy fees; and

j) subject to the limitations set forth in the agreement and the
    DIP facility Orders, expenses of the administration of the
    Chapter 11 Cases -- including the payment of professional fees
    and costs, and United States Trustee fees.

Under the agreement, the "Palm Terrace" Debtors unconditionally
promised to pay the lender the DIP obligations, including the
outstanding principal amount of all advances, accrued and
unpaid interest and fees thereon, costs and expenses, and
bankruptcy fees as and when due.  The lender will make advances
to borrowers up to:

   i) upon entry of the interim order:

      a) in the aggregate amount not to exceed $600,000;

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

      c) the other sum as is approved by the Bankruptcy Court on
         an interim basis with the written consent of the lender;
         and

  ii) upon entry of the final order:

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

      b) such additional amount as may be agreed to by the lender
         in writing; or

      c) such other sum as is approved by the Bankruptcy Court
         with the written consent of the lender on a final basis.

The agreement stated that the DIP facility is not a revolving
loan, and any advances made by lender will reduce the remaining
amount available for interim borrowing advances and final
borrowing advances, as applicable, by the amount of such
advances.

As reported in the Troubled Company Reporter on Sept. 25, 2014,
the final advances will be used to:

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

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

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

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

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

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

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

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

The lender's liens on the collateral and the lender's
administrative claims provided for herein shall be subject to a
carve-out in an amount not to exceed:

   i) fees and any fees payable to the clerk of the Bankruptcy
      Court that are due upon the occurrence of an event of
      default;

  ii) fees and expenses due to professionals employed by the
      "Palm Terrace" Debtors, for services rendered as Borrowers
      and Chapter 11 debtors in possession that are due upon the
      occurrence of an event of default in an amount not to exceed
      $100,000; and

iii) fees and expenses to professionals employed by the Committee
      for services rendered while the "Palm Terrace" Debtors, are
      Chapter 11 debtors in possession that are due upon the
      occurrence of an event of default in an amount not to exceed
      $25,000.

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

A full-text copy of the DIP loan and security agreement is
available for free at http://is.gd/TuL4l8

A full-text copy of the cash collateral budget is available for
free at http://is.gd/mdHxx1

                        About New Louisiana

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

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

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

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

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

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

The U.S. Trustee for Region 5 on Oct. 3 appointed three creditors
of New Louisiana Holdings, LLC to serve on the official committee
of unsecured creditors.


NEW LOUISIANA: Wants to Hire H. Kent Aguillard as Local Counsel
---------------------------------------------------------------
New Louisiana Holdings LLC asks the U.S. Bankruptcy Court for the
Western District of Louisiana for permission to employ H. Kent
Aguillard, Esq., as its local counsel.

Mr. Aguillard is expected to:

  a) provide, when requested, legal advice to the debtors-in-
     possession with respect to Debtors' powers and duties as
     debtors-in-possession in the continued operation of the
     Debtors' businesses, operation of the Debtors' properties;
     and

  b) perform certain legal services for the debtors-in-possession
     which may be necessary in these joined Chapter 11 cases:

     -- SA-St. Petersburg LLC dba Palm Terrace of St. Petersburg
     -- SA-Clewiston LLC dba Palm Terrace of Clewiston
     -- SA-Lakeland LLC dba Palm Terrace of Lakeland
     -- CHC-CLP Operator Holding LLC
     -- CHC-SPC Operator Inc.

The Debtor says Mr. Aguillard will not, and does not, render any
advice concerning taxation or tax related issues or matters.

Mr. Aguillard charges the Debtor at his hourly rate at $350.  The
Debtor adds he received a retainer of $20,000.

The Debtor assures the Court the firm is a "disinterested person"
within the meaning of Section 101(14) of the Bankruptcy Code.

Mr. Aguillard can be reached at:

    H. Kent Aguillard, Esq.
    141 S. 6th Street
    P. O. Drawer 391
    Eunice, LA 70535
    Tel: (337) 457-933
    Fax: (337) 457-2917
    Email: kaguillard@yhalaw.com

                        About New Louisiana

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

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

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

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

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

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

The U.S. Trustee for Region 5 on Oct. 3 appointed three creditors
of New Louisiana Holdings, LLC to serve on the official committee
of unsecured creditors.


NEXT 1 INTERACTIVE: Incurs $1.8 Million Net Loss in Aug. 31 Qtr.
----------------------------------------------------------------
Next 1 Interactive, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $1.88 million on $406,345 of total revenues for the
three months ended Aug. 31, 2014, compared to a net loss of
$5.37 million on $383,851 of total revenues for the same period in
2013.

For the six months ended Aug. 31, 2014, the Company reported a net
loss of $2.42 million on $751,302 of total revenues compared to a
net loss of $6.78 million on $879,292 of total revenues for the
same period a year ago.

The Company's balance sheet at Aug. 31, 2014, showed $4.43 million
in total assets, $13 million in total liabilities and a $8.56
million total stockholders' deficit.

At Aug. 31, 2014, the Company had $72,977 cash on-hand, a decrease
of $44,841 from $117,818 at the start of fiscal 2015.  The
decrease in cash was due primarily to operating expenses and
advances to affiliates.

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

                        http://is.gd/8lBgQm

                      About Next 1 Interactive

Weston, Fla.-based Next 1 Interactive, Inc., is the parent company
of RRTV Network (formerly Resort & Residence TV), Next Trip -- its
travel division, and Next One Realty -- its real estate division.
The Company is positioning itself to emerge as a multi revenue
stream "Next Generation" media-company, representing the
convergence of TV, mobile devices and the Internet by providing
multiple platform dynamics for interactivity on TV, Video On
Demand (VOD) and web solutions.  The Company has worked with
multiple distributors beta testing its platforms as part of its
roll out of TV programming and VOD Networks.  The list of multi-
system operators the Company has worked with includes Comcast,
Cox, Time Warner and Direct TV.  At present the Company operates
the Home Tour Network through its minority owned/joint venture
real estate partner -- RealBiz Media.  As of July 17, 2012, the
Home Tour Network features over 4,300 home listings in four cities
on the Cox Communications network.

The Company incurred a net loss of $18.29 million on $1.56 million
of total revenues for the year ended Feb. 28, 2014, as compared
with a net loss of $4.23 million on $987,115 of total revenues for
the year ended Feb. 28, 2013.

D'Arelli Pruzansky, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Feb. 28, 2014.  The independent auditors noted
that the Company has incurred net losses of $18,295,802 and net
cash used in operations of $4,590,428 for the year ended Feb. 28,
2014, and the Company had an accumulated deficit of $87,625,076
and a working capital deficit of $13,549,796 at Feb. 28, 2014.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.

                         Bankruptcy Warning

"If we continue to experience liquidity issues and are unable to
generate revenue, we may be unable to repay our outstanding debt
when due and may be forced to seek protection under the federal
bankruptcy laws," the Company said in its fiscal 2013 Annual
Report.


OCWEN FINANCIAL: Moody's Lowers Corporate Family Rating to B2
-------------------------------------------------------------
Moody's Investors Service has downgraded the following ratings;
all ratings remain on review for possible downgrade:

Ocwen Financial Corporation (Ocwen)

  Corporate Family Rating downgraded to B2 from B1
  Senior Secured Bank Credit Facility downgraded to B2 from B1
  Senior Unsecured Debt downgraded to B3 from B2

Altisource Solutions S.a.r.l. (Altisource)

  Corporate Family Rating downgraded to B2 from B1
  Senior Secured Bank Credit Facility downgraded to B2 from B1

Home Loan Servicing Solutions Ltd (HLSS)

  Corporate Family Rating downgraded to B2 from Ba3
  Senior Secured Bank Credit Facility downgraded to B2 from Ba3

Ratings Rationale

The rating actions follow the New York Department of Financial
Services' (DFS) allegations, set forth in a letter to Ocwen,
raising serious issues with Ocwen's servicing systems and
processes. These allegations raise the risk of actions that
restrict Ocwen's activities, the levying of monetary fines against
Ocwen, or additional actions that negatively affect Ocwen's credit
strength. In addition, the continued regulatory scrutiny further
damages Ocwen's franchise position.

HLSS and Altisource's ratings are driven in large part by their
reliance on Ocwen whereby any changes to Ocwen's ratings would
likely result in changes to their ratings. The two notch downgrade
of HLSS rating to the same level as Ocwen is due to the
expectation that HLSS' will accelerate its diversification into
other asset classes beyond non-prime servicing assets such as non-
performing loans which have a higher risk profile along with the
increased possibility that the servicing contracts could be
terminated without compensation. While HLSS has contractual
protections in its agreements with Ocwen, there is no guarantee
that HLSS will be able to successfully assert its rights,
including its right to full indemnification, thereunder.

On October 21, 2014, the DFS issued a letter to Ocwen that alleges
material deficiencies with Ocwen's servicing systems and
processes, including Ocwen's backdating of an unknown number of
letters to borrowers. In addition, the letter questions Ocwen's
ability to properly service loans, alleging that Ocwen has not
resolved the issues nearly a year after its initial discovery, as
well as failing to devote the proper urgency to the problem.

The latest letter follows the August 4, 2014 letter from the DFS
to Ocwen raising concerns about potential conflicts of interest
and potentially inconsistent statements and representations
regarding corporate governance. In addition, in August 2014, Ocwen
and HLSS restated their financial statements for several periods.

During the review, Moody's will assess (1) the impact of the
regulatory scrutiny and possible regulatory actions on the
financial strength and franchise position of all three companies
and (2) the long-term impact of an eventual shift in the
companies' business models, possibly to areas with even greater
operating risk, that may be accelerated as a result of regulatory
action.

Ocwen's ratings could be downgraded further in the event that
regulatory action materially restricts the company's business
activities, management or governance, or further harms its
franchise and reputation. In addition, the ratings could be
downgraded if (a) its business model is expected to shift to areas
with even greater operating risk, or (b) if the company's
servicing performance or financial fundamentals weaken.

In the event that Ocwen's ratings are downgraded, the ratings of
HLSS and Altisource would likely also be downgraded. In addition,
negative ratings pressure on HLSS' ratings could result if the
company's financial fundamentals weaken, with particular focus on:
a) adequate funding availability and b) financial leverage. In
addition, negative ratings pressure on Altisource's ratings could
result if it loses its contract with Ocwen or if the company's
financial metrics materially deteriorate for an extended period of
time.

Given the review for possible downgrade, an upgrade to Ocwen,
HLSS, or Altisource's ratings are unlikely at this time.

The principal methodology used in this rating was Finance Company
Global Rating Methodology published in March 2012.


OCWEN FINANCIAL: S&P Lowers Issuer Credit Rating to 'B'
-------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term issuer
credit rating to 'B' from 'B+' on OCWEN Financial Corp.  The
outlook is negative.  In addition, S&P lowered its ratings to 'B'
from 'B+' on OCWEN's senior secured debt and to 'B-' from 'B' on
its senior unsecured debt.

"The rating action reflects our view of increasing regulatory
scrutiny over the company's servicing practices and today's
announcement that the company erroneously dated correspondence to
some borrowers who were facing foreclosure," said Standard &
Poor's credit analyst Stephen Lynch.  "We believe the culmination
of events and ongoing investigations will limit the company's
ability to acquire servicing assets," Mr. Lynch added.


PACIFIC GOLD: OKs Assignment of $37,500 Outstanding Notes
---------------------------------------------------------
Pacific Gold Corp. agreed to the assignment of $20,000, in
principal amount of outstanding notes, according to a regulatory
filing with the U.S. Securities and Exchange Commission.  The
assignment was to a third party that is not affiliated with the
Company.

In connection with the assignment, the Company agreed to various
modifications of the note for the benefit of the new holder, which
enhance and reset the conversion features of the note and change
certain other basic terms of the note.  As a result of the
amendments, the note now (i) has a conversion rate of a 50%
discount to the lowest daily VWAP price of the common stock based
on the ten day period prior to the date of conversion, which rate
will be subject to certain adjustments, (ii) is interest free,
(iii) has a new maturity date of June 25, 2015,  and (iv) has
additional default provisions, including a default penalty of 50%
of outstanding principal and interest at the time of default.  The
assigned portion of the principal note had a conversion rate at an
approximate 50% discount to market and was converted into
400,000,000 shares of common stock of the Company.

On Oct. 16, 2014, Pacific Gold also agreed to the assignment of
$17,500, in principal amount of outstanding notes.  The assignment
was to a third party that is not affiliated with the Company.  In
connection with the assignment, the Company agreed to various
modifications of the note for the benefit of the new holder, which
enhance and reset the conversion features of the note and change
certain other basic terms of the note.  The assigned portion of
the principal note had a conversion rate at an approximate 50%
discount to market and was converted into 350,000,000 shares of
common stock of the Company.

                         About Pacific Gold

Las Vegas, Nev.-based Pacific Gold Corp. is engaged in the
identification, acquisition, and development of prospects believed
to have gold mineralization.  Pacific Gold through its
subsidiaries currently owns claims, property and leases in Nevada
and Colorado.

Pacific Gold reported a net loss of $463,422 in 2013 following a
net loss of $16.62 million in 2012.

As of June 30, 2014, the Company had $1.09 million in total
assets, $3.80 million in total liabilities and a $2.71 million
total stockholders' deficit.

Silberstein Ungar, PLLC, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2013.  The independent auditors noted that the Company has
incurred losses from operations, has negative working capital, and
is in need of additional capital to grow its operations so that it
can become profitable.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.


PARTS HUB: Case Summary & 7 Unsecured Creditors
-----------------------------------------------
Debtor: Parts Hub, Inc.
           dba R & R Mobile, Inc., d/b/a ProTech Chip Performance
           fka Omnicore Automotive Solutions, Inc.,
        128 Rolling Meadow Drive
        Holliston, MA 01746

Case No.: 14-42297

Chapter 11 Petition Date: October 21, 2014

Court: United States Bankruptcy Court
       District of Massachusetts (Worcester)

Judge: Hon. Melvin S. Hoffman

Debtor's Counsel: Jordan L. Shapiro, Esq.
                  SHAPIRO & HENDER
                  105 Salem Street
                  Malden, MA 02148
                  Tel: (781) 324-5200
                  Fax: (781) 322 4712
                  Email: JSLAWMA@aol.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Stuart C. Reid, president and
secretary.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/mab14-42297.pdf


PSL-NORTH AMERICA: Seeks Extension of Plan Filing Date
------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that PSL - North America LLC, once a producer of
large-diameter pipe for the water and gas-transmission industries,
asks the U.S. Bankruptcy Court in Wilmington, Del., to extend
until Jan. 12, 2015, its exclusive plan filing period, saying it
needs more time to analyze the best wind-down path.

According to the report, PSL intends to file a liquidating Chapter
11 plan in the "near future" following the $100 million sale in
August of its business to India's Jindal Tubular USA LLC.

                     About PSL-North America

Founded in 2006, PSL-North America LLC is a manufacturer and
coater of large diameter steel pipes.  The company has a state-of-
the-art facility located in Bay St. Louis, Mississippi, with the
land leased for 99 years.  The company is an American-based
partially owned subsidiary of India's largest producer and
manufacturer of steel piping, PSL Limited.

On June 16, 2014, PSL-North America LLC and PSL USA Inc., filed
voluntary petitions in Delaware (Lead Case No. 14-11477) seeking
relief under chapter 11 of the United States Bankruptcy Code.  The
Debtors' cases have been assigned to Judge Peter J. Walsh.

The Debtors seek to have their cases jointly administered
for procedural purposes.

PSL-North America LL disclosed $93,343,085 in assets and
$204,025,409 in liabilities as of the Chapter 11 filing.  As of
the Petition Date, the company had total outstanding debt
obligations of $130 million, according to a court filing.

Proposed counsel for the Debtor are John H. Knight, Esq., Paul N.
Heath, Esq., Tyler D. Semmelman, Esq., Amanda R. Steele, Esq. and
William A. Romanowicz, Esq. at Richards, Layton & Finger, P.A.
of Wilmington, Delaware.   Epiq Bankruptcy Solutions serves as
claims agent.


PSM HOLDINGS: Reports $5.85-Mil. Net Loss for FY Ended June 30
--------------------------------------------------------------
PSM Holdings, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K for the fiscal year
ended June 30, 2014.

Accounting & Consulting Group, LLP, expressed substantial doubt
about the Company's ability to continue as a going concern, citing
that the Company will not be able to pay the preferred dividends
due Oct. 15, 2014, is unable to remain current with certain
expenses of the Company, and the operating company is experiencing
significant industry and operational risks, including sustained
operating losses.

The Company reported a net loss of $5.85 million on $12.54 million
of total revenue for the fiscal year ended June 30, 2014, compared
with a net loss of $1.8 million on $21.87 million of total revenue
in the prior year.

The Company's balance sheet at June 30, 2014, showed $21.7 million
in total assets, $16.83 million in total liabilities and
stockholders' equity of $4.83 million.

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

                       http://is.gd/G0dGQp

PSM Holdings, Inc., originates mortgage loans funded either
directly off its warehouse lines of credit or through brokering
transactions to other third parties.  The Oklahoma City-based
Company has retail offices located across the United States,
deriving revenues from the loan origination volume from those
offices.


RADNOR HOLDINGS: Suit v. Skadden, Tennenbaum Are Core Proceedings
-----------------------------------------------------------------
Bankruptcy Judge Peter J. Walsh ruled that the lawsuit filed by
Radnor Holdings Corporation and certain entities against Skadden
Arps Meager & Flom LLP, Tennenbaum Capital Partners, LLC, and
Special Value Opportunities Fund, LLC, among other defendants,
contain causes of action that are core proceedings.

The Complaint is 327 paragraphs long and covers 10 separate
counts. These counts are: breach of fiduciary duties, fraud,
conspiracy to commit fraud, malpractice, perjury, unjust
enrichment, obstruction of justice, breach of contract, tortuous
interference, and theft by deception.

According to the Complaint, "this cause of action arises from
false testimony, misrepresentation, non-disclosure, willful
misconduct, gross negligence and deception committed by Defendants
individually and in concert with each other and before the
Honorable Peter J. Walsh for the United States Bankruptcy Court
for the District of Delaware (the "Bankruptcy Court") to the
detriment of Radnor and Kennedy."

The case is, RADNOR HOLDINGS CORPORATION, MICHAEL T. KENNEDY, MTK
TRUST FBO RYAN KENNEDY, MTK TRUST FBO SEAN M. KENNEDY, MTK TRUST
FBO MICHAELA C. KENNEDY, MTK TRUST FBO CONOR R. KENNEDY, Chapter
11, Plaintiffs, v. SKADDEN ARPS MEAGER & FLOM LLP; SK PRIVATE
INVESTMENT FUND 1998 LLC; RICHARD T. PRINS, ESQUIRE; GREGG M.
GALARDI, ESQUIRE; TENNENBAUM & CO LLC; TENNENBAUM CAPITAL
PARTNERS, LLC; BABSON & CO. LLC; SPECIAL VALUE EXPANSION FUND,
LLC; SPECIAL VALUE OPPORTUNITIES FUND, LLC; MICHAEL E. TENNENBAUM;
SUZANNE S. TENNENBAUM; DAVID A. HOLLANDER; MARK K. HOLDSWORTH;
HOWARD M. LEVKOWITZ; RICHARD E. SPENCER; JOSE FELICIANO; ALVAREZ &
MARSAL, INC. and STANFORD M. SPRINGEL, Defendants, Adv. Proc. No.
12-51308(PJW)(Bankr. D. Del.).

A copy of the Court's October 14, 2014 Memorandum Opinion is
available at http://is.gd/gOTdh4from Leagle.com.

Russell C. Silberglied, Esq., and Cory D. Kandestin, Esq., at
RICHARDS, LAYTON & FINGER, P.A., represent Tennenbaum Capital
Partners, LLC, Tennenbaum & Co., LLC, Special Value Expansion
Fund, LLC, Special Value Opportunities Fund, LLC, Michael E.
Tennenbaum, Suzanne S. Tennenbaum, David A. Hollander, Mark K.
Holdsworth, and Howard M. Levkowitz.

                       About Radnor Holdings

Based in Radnor, Pennsylvania, Radnor Holdings Corporation
-- http://www.radnorholdings.com/-- manufactured and
distributed a broad line of disposable food service products in
the United States, and specialty chemicals worldwide.  The Debtor
and its affiliates filed for chapter 11 protection on August 21,
2006 (Bankr. D. Del. Lead Case No. 06-10894).  Gregg M. Galardi,
Esq., and Sarah E. Pierce, Esq., at Skadden, Arps, Slate, Meagher
&Flom, LLP, in Wilmington, Del.; and Timothy R. Pohl, Esq.,
Patrick J. Nash, Jr., Esq., and Rena M. Samole, Esq., at Skadden,
Arps, Slate, Meagher &Flom, LLP, in Chicago, Ill., serve as the
Debtors' bankruptcy counsel.  When the Debtors filed for
protection from their creditors, they disclosed total assets of
$361,454,000 and total debts of $325,300,000.


RESIDENTIAL CAPITAL: Judge Bars 'Scurrilous' Filings by Creditor
----------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. Bankruptcy Judge Martin Glenn summarily
denied a motion for rehearing filed by a Residential Capital LLC
creditor who called himself "state sovereign national."

The report recalled that in September, Judge Glenn threw out every
claim made by the creditor and placed some of the man's court
filings under seal because they contained ?outrageous invective
completely unrelated to the ResCap bankruptcy.?  The filed a
motion for rehearing, the report said.  Short of imposing
sanctions, Judge Glenn directed the court clerk to reject any more
pleadings the erstwhile creditor tries to file, the report
related.

                    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.


RESIDENTIAL CAPITAL: Court Expunges Long Beach Claim
----------------------------------------------------
Suzanne Koegler and Edward Tobias filed claim number 1466 against
Debtor GMAC Mortgage, LLC, asserting a general unsecured claim in
the amount of $1,000,000.  The Claim stems from alleged damage
caused by Hurricane Sandy to real property located at 93 Wisconsin
Street, Long Beach, NY 11561.  The Claimants assert that GMACM (1)
manipulated the national housing market, which resulted in a loss
on the Long Beach Property, and (2) failed to adequately
compensate Claimants for Hurricane Sandy-related damages.

In a previous Memorandum Opinion and Order Sustaining Objection to
Claim No. 1467 of Suzanne Koegler and Edward Tobias, Bankruptcy
Judge Martin Glenn has already ruled on, sustained, and expunged
claim number 1467 filed by Claimants with an identical stated
basis, which claim related to real property located at 75
Princeton Oval, Freehold, NJ 07728.

The Claimants now seek damages related to an entirely different
property, but the Long Beach Claim suffers from the same
infirmities as the now-expunged Freehold Claim.

In a Memorandum Opinion and Order dated Oct. 20, available at
http://is.gd/rKynWLfrom Leagle.com, the Court held that the
Claimants fail to adequately state a claim against GMACM.  For
that reason, the Objection is sustained and the Long Beach Claim
is expunged.

                    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.


RETAIL PROPERTIES: S&P Assigns 'BB' Rating on Series A Pref. Stock
------------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BBB-' corporate
credit rating to U.S.-based real estate investment trust company
Retail Properties of America Inc. (RPAI).  The rating outlook is
stable.  S&P also assigned a 'BB' issue-level rating to RPAI's 7%
series A preferred stock.

"The rating on RPAI reflects our view of the company's measured
investment and operating strategy, and strengthening portfolio
fundamentals," said Standard & Poor's credit analyst George
Skoufis.  Partly offsetting these credit strengths are the risks
associated with the company's capital recycling program, exposure
to cyclical consumer and tenant demand, and the need to maintain
sufficient sources of liquidity to fund the company's acquisitions
pipeline.

"We view RPAI's business risk profile as "satisfactory".  Our
rating incorporates the scale and diversity of RPAI's portfolio
and the progress RPAI's management has made in implementing the
company's repositioning strategy since its initial public offering
(IPO) in April 2012.  This strategy emphasizes consolidating its
geographic footprint to 10 to 15 core markets of 3 million to 5
million square feet, as well as reducing its exposure to noncore
assets.  RPAI has made progress on its portfolio repositioning
strategy, disposing of roughly $1 billion of assets since the end
of 2011, although we note the track record is limited.  While
management has made significant inroads, there remains a large
repositioning task ahead of them to achieve its targeted portfolio
(quality and footprint).  Indeed, RPAI's competitive position is
weighed down by the meaningful execution risk associated with this
repositioning strategy.  Nevertheless, we view RPAI's strategy as
credible and fundamentals should remain supportive of its
repositioning strategy, at least over the next one to two years,
and expect it to result in a simpler operating and investment
strategy as well as incrementally stronger asset quality over
time," S&P said.

The stable outlook reflects S&P's view that RPAI will maintain
credit metrics consistent with an "intermediate" financial risk
profile while executing the company's repositioning strategy.
This includes strategies such as asset recycling that allow the
group to pursue its investment objectives while limiting pressure
on its balance sheet.  Over the longer term, S&P expects that the
asset quality of RPAI's portfolio fundamentals will improve as the
group executes its repositioning strategy.

A downward rating trend could result if RPAI adopts a more-
aggressive growth strategy or its operating performance worsens
such that it exhibits weaker-than-expected credit metrics.  This
would be evidenced by debt to EBITDA of above 7x or fixed-charge
coverage of less than 2.1x.

S&P is not likely to raise the rating in the next two years.
However, S&P would consider an upgrade if the company exhibits
successful progress executing its asset recycling program and is
committed to operating with more-conservative credit metrics.


ROCK AIRPORT: Appeal Over MSA's Standing to File Plan Now Moot
--------------------------------------------------------------
District Judge Arthur J. Schwab for the Western District of
Pennsylvania tossed the appeal taken by Rock Airport of Pittsburgh
LLC from the bankruptcy court's order that allowed Management
Science Associates Inc. to file a plan of reorganization for the
Debtor.

Rock Airport contends MSA did not have standing to file a plan.
MSA counters that Rock Airport's appeal has been rendered moot by
two subsequent Bankruptcy Court Orders, both entered on Sept. 16,
2014, the first of which confirmed the Chapter 11 Trustee's plan
of liquidation, and the second which approved the sale of Rock
Airport's assets free and clear of all liens, claims, and
encumbrances.

Rock Airport and MSA filed competing Chapter 11 Plans in the case.

MSA acquired the claim of "Priscilla Grdn Living Trust" and
thereby established standing to file its Plan.  Rock Airport
objected to MSA's standing.

"It is clear to this Court that the Bankruptcy Court had three
reorganization plans to choose from: the Trustee's Plan, Rock
Airport's Plan, and MSA's Plan. The Bankruptcy Court chose the
Trustee's plan, and upon executing that Plan, sold Rock Airport's
assets for nine million dollars. The Court finds that the sale of
the assets (including the real property) and the Court's decision
to implement the Trustee's Plan, not MSA's Plan, renders this
appeal filed by Rock Airport moot," the District Judge said.

The district court case is, ROCK AIRPORT OF PITTSBURGH, LLC,
Appellant, v. MANAGEMENT SCIENCE ASSOCIATES, INC., Chapter 11,
Appellees, No. 14cv1195 (W.D. Pa.).

A copy of the District Court's October 16, 2014 Memorandum Opinion
is available at http://is.gd/q93OC9from Leagle.com

Rock Airport of Pittsburgh, LLC, based in Pittsburgh,
Pennsylvania, filed for Chapter 11 bankruptcy (Bankr. W.D. Pa.
Case No. 09-23155) on April 30, 2009.  Robert O. Lampl, Esq.,
serves as Rock Airport's counsel.  In its petition, Rock Airport
estimated $1 million to $10 million in both assets and debts.  A
full-text copy of the petition, including the Debtor's list of 16
largest unsecured creditors, is available for free at
http://bankrupt.com/misc/pawb09-23155.pdf

The petition was signed by Rock Ferrone, president of the Company.

Its affiliate, Pittsburgh-based RPP LLC, filed for Chapter 11
bankruptcy (Bankr. W.D. Pa. Case No. 13-20868) on Feb. 28, 2013,
disclosing $6,710,000 in assets and $6,200,000 in liabilities.
Elliott J. Schuchardt, Esq., at Schuchardt Law Firm, serves as
RPP's counsel.  The petition was signed by Rock Ferrone, managing
member.


ROCK AIRPORT: Loses Appeal Over MSA Claim Dispute
-------------------------------------------------
District Judge Arthur J. Schwab dismissed the appeal by Rock
Airport of Pittsburgh, LLC, from the Bankruptcy Court's Order
dated August 8, 2014.

Rock Airport contends that the Bankruptcy Court erred in
overruling its Objection to the claim of Management Science
Associates, Inc. purchased.  Rock Airport contends that MSA did
not establish the merits of its claim by a preponderance of the
evidence.

MSA disagrees with Rock Airport, and counters that: (1) this
Appeal is now moot due to subsequent developments that transpired
in September through the Bankruptcy Court proceedings; and (2)
even if the District Court were to consider the substantive
arguments raised by Rock Airport in this Appeal, the Court would
have to conclude that the findings of the Bankruptcy Court were
not clearly erroneous, but to the contrary, were well supported by
the record.

A copy of the District Court's Oct. 16 Memorandum Opinion
available at http://is.gd/P4Hl7lfrom Leagle.com.

Rock Airport of Pittsburgh, LLC, based in Pittsburgh,
Pennsylvania, filed for Chapter 11 bankruptcy (Bankr. W.D. Pa.
Case No. 09-23155) on April 30, 2009.  Robert O. Lampl, Esq.,
serves as Rock Airport's counsel.  In its petition, Rock Airport
estimated $1 million to $10 million in both assets and debts.  A
full-text copy of the petition, including the Debtor's list of 16
largest unsecured creditors, is available for free at
http://bankrupt.com/misc/pawb09-23155.pdf

The petition was signed by Rock Ferrone, president of the Company.

Its affiliate, Pittsburgh-based RPP LLC, filed for Chapter 11
bankruptcy (Bankr. W.D. Pa. Case No. 13-20868) on Feb. 28, 2013,
disclosing $6,710,000 in assets and $6,200,000 in liabilities.
Elliott J. Schuchardt, Esq., at Schuchardt Law Firm, serves as
RPP's counsel.  The petition was signed by Rock Ferrone, managing
member.


SAM ADAMS: Faces Eviction, Has Until Oct. 24 to Pay Landlord
------------------------------------------------------------
Tracy Record, West Seattle Blog editor, reports that Sam Adams has
until Oct. 24, 2014, to pay $1.1 million in payments to landlord
John Pietromonaco, to hold off eviction.

A "loan contract already executed by [Adams's company] Hollystone
Holdings" was going to provide that money, according to court
orders stipulating the Oct. 24 deadline.

West Seattle Blog says it received a forwarded e-mail of a club
employee to some club instructors saying that an ownership change
is imminent as of next weekend.

As reported by the Troubled Company Reporter on July 15, 2014,
Connie Thompson, writing for Komo News, reported that former
Seattle Seahawk Sam Adams and his wife filed for Chapter 11
bankruptcy on June 28, 2014, in the midst of legal action
surrounding his athletic club, West Seattle Fitness.  Mr. Adams is
represented by Lawrence Engel, Esq., as bankruptcy counsel.


SAN BERNARDINO, CA: Police Want Deadline for Filing a Plan
----------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the union representing police officers in San
Bernardino, California, wants the judge handling the city's
Chapter 9 case to establish a deadline for the city to file a
plan.  According to the report, San Bernardino had negotiated a
tentative agreement with the police officers' union, but the union
said the city revoked the agreement.

                   About San Bernardino, Calif.

San Bernardino, California, filed an emergency petition for
municipal bankruptcy under Chapter 9 of the U.S. Bankruptcy Code
(Bankr. C.D. Cal. Case No. 12-28006) on Aug. 1, 2012.  San
Bernardino, a city of about 210,000 residents roughly 65 miles
(104 km) east of Los Angeles, estimated assets and debts of more
than $1 billion in the bare-bones bankruptcy petition.

The city council voted on July 10, 2012, to file for bankruptcy.
The move lets San Bernardino bypass state-required mediation with
creditors and proceed directly to U.S. Bankruptcy Court.

The city is represented that Paul R. Glassman, Esq., at Stradling
Yocca Carlson & Rauth.

San Bernardino joined two other California cities in bankruptcy:
Stockton, an agricultural center of 292,000 east of San Francisco,
and Mammoth Lakes, a mountain resort town of 8,200 south of
Yosemite National Park.

The City was granted Chapter 9 protection on Aug. 28, 2013.


SCHWAB INDUSTRIES: Trust's Suit Against SS&G Parkland May Proceed
-----------------------------------------------------------------
Bankruptcy Judge Russ Kendig in Ohio ruled that the creditor trust
established pursuant to the confirmed liquidation plan of Schwab
Industries, Inc., and its affiliated debtor-entities may have
valid claims against Laurence V. Goddard and The Parkland Group,
Inc. with respect to their role as restructuring advisors in the
sale of certain assets to OldCastle Materials, Inc. and Resource
Land Holdings, LLC.

John B. Pidcock, as Creditor Trustee, filed the adversary
complaint against the Defendants on April 11, 2014.  He alleges
that the Defendants worked on behalf of the Schwabs to the
detriment of the estate in securing a nearly $8,000,000 earn-out
from OldCastle.  The counts against the Defendants include breach
of fiduciary duties owed to the bankruptcy estates, aiding and
abetting the Schwabs in the breach of their fiduciary duties, and
disgorgement of fees.  The Trust alleges that SS&G Parkland
Consulting, LLC, is the successor to Parkland, which SS&G denies.

The Court ruled that:

     -- the Creditor Trust has standing to bring claims against
the Defendants;

     -- the claims were not sold to OldCastle but were retained by
Debtors and transferred to the Creditor Trust through the
confirmed liquidation plan;

     -- the Trust's contention that the Defendants breached their
fiduciary duties is not barred by application of res judicata
based on the court-approved fee applications for the Defendants;

     -- the sale order does not bar the claims;

     -- the exculpation bars only certain claims; and

     -- the allegations in the complaint, when taken in the light
most favorable to the Trust, suggest the Defendants acted in a way
which may subject them to liability.

The Court further held that count two of the complaint will be
dismissed. There is no indication that Ohio allows a tort for
aiding and abetting.  The Trust also appears to have abandoned any
effort to save this claim.

The case is, JOHN B. PIDCOCK, AS CREDITOR TRUSTEE, Plaintiff, v.
LAURENCE V. GODDARD, et al., Defendants, Adv. Proc. No. 14-6016
(Bankr. N.D. Ohio).  A copy of the Court's October 17, 2014
Memorandum of Opinion is available at http://is.gd/Lud2kqfrom
Leagle.com.

                      About Schwab Industries

Dover, Ohio-based Schwab Industries, Inc., produced, supplied and
distributed ready-mix concrete, concrete block, cement and related
supplies to commercial, governmental and residential contractors
throughout Northeast Ohio and Southwest Florida.

The Company filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Ohio Case No. 10-60702) on Feb. 28, 2010.  Affiliates Medina
Cartage Co.; Medina Supply Company; Quality Block & Supply, Inc.;
O.I.S. Tire, Inc.; Twin Cities Concrete Company; Schwab Ready-Mix,
Inc.; Schwab Materials, Inc.; and Eastern Cement Corp. also sought
bankruptcy protection.  The Parkland Group, Inc., provided
restructuring services and designated Laurence V. Goddard as Chief
Restructuring Officer.  Hahn Loeser & Parks LLP served as
bankruptcy counsel.  Brouse McDowell, LPA, served as special
counsel.  Garden City Group, Inc., served as claims, noticing and
balloting agent.  The Company estimated its assets and liabilities
at $50 million to $100 million.

As part of the bankruptcy, substantially all of the Debtors'
assets via auction.  The Court entered a sale order on May 28,
2010.  Subsequently, the Court confirmed a liquidation plan.
Through the sale and plan, a creditor trust was established for
the benefit of the unsecured creditors and John B. Pidcock was
designated Creditor Trustee.  The Debtor was later renamed SII
Liquidation Company.


SEARS HOLDINGS: To Sell $625-Mil. 8% Senior Notes to Stockholders
-----------------------------------------------------------------
Sears Holdings Corporation's board of directors has approved a
rights offering allowing its stockholders to purchase up to $625
million in aggregate principal amount of 8% senior unsecured notes
due 2019 and warrants to purchase shares of its common stock.
This rights offering will generate up to an additional $625
million in proceeds, if it is fully subscribed and closes as
planned, with the proceeds to be used for general corporate
purposes.

Edward S. Lampert, chairman and chief executive officer of the
Company and Chairman and chief executive officer of ESL
Investments, Inc., and certain affiliated investment funds, have
advised the Company that they intend to exercise their pro rata
portion of the subscription rights in full, though they have not
entered into any agreement to do so.  Fairholme Capital
Management, L.L.C., also has advised the Company that it expects
that certain of its clients will participate in the rights
offering at levels to be determined, subject to review of the
terms and conditions of the rights offering and regulatory
considerations.

The subscription rights will be distributed to all stockholders of
record of the Company, and every stockholder will have the right
to participate on the same terms in accordance with its pro rata
ownership of the Company's common stock, except that holders of
the Company's restricted stock that is unvested as of the record
date are expected to receive cash awards in lieu of subscription
rights.

In the rights offering, the Company anticipates that holders of
its common stock, other than holders of restricted stock that is
unvested, will receive subscription rights on a pro rata basis
based on shares of common stock held at the close of business on
Oct. 30, 2014, the record date for the rights offering.  Each
subscription right will entitle the holder thereof to purchase, at
a subscription price equal to the principal amount of each note,
one unit, consisting of (a) a 8% senior unsecured note due 2019 in
a principal to be determined and (b) a number of warrants equal to
that principal amount divided by the strike price for the
warrants, with each warrant entitling the holder thereof to
purchase one share of the Company's common stock at a strike price
of $28.41, the closing market price on Oct. 17, 2014, the last
trading day before the board approved the offering.  The warrants
will be exercisable for a period of five years following the
offering.  Upon the closing of the rights offering, the components
of the units will immediately separate from one another such that
the senior unsecured notes and warrants will constitute separate
securities and will be transferable separately.

The subscription rights will be transferable, subject to
applicable securities laws, and are expected to be listed and
traded on the NASDAQ.  The senior unsecured notes will be
transferable but will not be listed for trading on any exchange.
The warrants will be transferable, and the Company intends to
apply to list the warrants for trading on the NASDAQ.  Holders of
subscription rights who fully exercise all of their subscription
rights may also make a request to purchase additional units
through the exercise of an over-subscription privilege, although
the Company cannot assure investors that any over-subscriptions
will be filled.

As soon as practicable after the record date, the Company expects
to distribute subscription rights to the holders of its common
stock as of the record date.  However, the Company reserves the
right to cancel or terminate the rights offering or amend the
terms thereof.

               Sells 17.7 Million Shares to ESL Partner

Sears Holdings Corporation, sold 17,741,508 common shares of Sears
Canada Inc. to ESL Partners, L.P., and Edward S. Lampert, chairman
and chief executive officer of Sears Holdings and chairman and
chief executive officer of ESL Investments, Inc., and related
entities, pursuant to the previously announced rights offering to
effect the distribution of up to 40,000,000 common shares of Sears
Canada.  ESL exercised its pro rata portion of the subscription
rights pursuant to the exercise of basic subscription rights.
Accordingly, Holdings sold a total of 17,741,508 common shares of
Sears Canada to ESL.

Sears Holdings received aggregate proceeds from ESL in connection
with the rights offering of approximately $169 million.  Proceeds
from the rights offering will provide additional liquidity to
Holdings as it enters into the holiday period and will be used for
general corporate purposes.

After the sale of Sears Canada shares to ESL, Holdings was the
beneficial holder of approximately 34 million shares, or 34% of
the common shares of Sears Canada.  As such, Holdings no longer
maintains control of Sears Canada and will not continue to
consolidate Sears Canada.

If additional subscription rights are exercised during the rights
offering, which is scheduled to expire on Nov. 7, 2014, Sears
Holdings could distribute up to an additional 22,258,492 shares of
Sears Canada for additional consideration of approximately $211
million.

                            About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $1.36 billion in 2013, a net
loss of $930 million in 2012 and a net loss of $3.14 billion in
2011.  As of Aug. 2, 2014, Sears Holdings had $16.43 billion in
total assets, $15.51 billion in total liabilities and $919 million
in total equity.

                            *     *     *

Moody's Investors Service in January 2014 downgraded Sears
Holdings Corporate Family Rating to Caa1 from B3.  The rating
outlook is stable.

The downgrade reflects the accelerating negative performance of
Sears' domestic business with comparable sales falling 7.4% for
the quarter to date ending January 6th, 2014 compared to the prior
year.  The company now expects domestic Adjusted EBITDA to decline
to a range of ($80 million) to $20 million for the fourth fiscal
quarter, compared with $365 million in the year prior period. For
the full year, Sears expects domestic Adjusted EBITDA loss between
$(308) million and $(408) million, as compared to $557 million
last year. Moody's expects full year cash burn (after capital
spending, interest and pension funding) to be around $1.2 billion
in 2013 and we expect Sears' cash burn to remain well above $1
billion in 2014. "Operating performance for fiscal 2013 is
meaningfully weaker than our previous expectations, and we expect
negative trends in performance to persist into 2014" said Moody's
Vice President Scott Tuhy.  He added "While Sears noted improved
engagement metrics for its "Shop Your Way" Rewards program,
Moody's remains uncertain when these improved engagement metrics
will lead to stabilization of operating performance."

As reported by the TCR on March 26, 2014, Standard & Poor's
Ratings Services affirmed its ratings on the Hoffman Estate, Ill.-
based Sears Holdings Corp., including the 'CCC+' corporate credit
rating.

Fitch Ratings had downgraded its long-term Issuer Default Ratings
(IDR) on Sears Holdings Corporation (Holdings) and its various
subsidiary entities (collectively, Sears) to 'CC' from 'CCC',
according to a TCR report dated Sept. 12, 2014.


SEARS HOLDINGS: S&P Assigns Preliminary 'B-' Rating
---------------------------------------------------
Standard & Poor's Ratings Services assigned its preliminary 'B-'
senior secured issue-level rating, preliminary 'CCC+' senior
unsecured issue-level rating, preliminary 'CCC-' subordinated
issue-level rating, and preliminary 'CCC-' preferred stock issue-
level rating to Sears Holdings Corp.'s (CCC+/Negative/--) Rule 415
shelf registration.  The new shelf has an indeterminate aggregate
initial offering amount and number of debt securities.  The
company may sell a combination of common stock, preferred stock,
debt securities, warrants, stock purchase contracts, units, and
subscription rights.  The company expects to use proceeds from the
sales of the securities for general corporate purposes.  The
preliminary ratings are consistent with our issue-level ratings on
Sears Holdings Corp.'s senior secured and Sears Roebuck Acceptance
Corp.'s senior unsecured debt.  Any final issue-level ratings
would ultimately depend on the securities' final terms and
conditions and S&P's view of recovery prospects for the existing
and shelf drawdown issues.

Sears announced on Oct. 20, 2014, that its board of directors had
approved a rights offering allowing shareholders to purchase up to
$625 million of 8% senior unsecured notes due 2019.  The notes
will be registered under the company's shelf registration
statement.  The potential raising of more cash is a positive for
Sears' liquidity prospects.  Based on completed and announced
transactions, S&P believes Sears could raise approximately $2
billion of liquidity in 2014.  However, S&P believes weak
operating performance will persist over at least the next several
quarters and a turnaround depends on the progress of its
integrated retail strategy to reverse the substantial decline in
profitability and cash use.  S&P's ratings on Sears also reflect
its participation in the highly competitive department store
sector, substantial negative cash flow per our forecast for 2014
to 2015, and significant debt burden albeit with limited near-term
maturities and a track record of asset sales.

RATINGS LIST

Sears Holdings Corp.
Corporate Credit Rating        CCC+/Negative/--

New Ratings
Sears Holdings Corp.
  Senior Secured                prelim B-
  Senior Unsecured              prelim CCC+
  Subordinated                  prelim CCC-
  Preferred stock               prelim CCC-


SEEGRID CORPORATION: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Seegrid Corporation
        216 RIDC Park West Drive
        Pittsburgh, PA 15275

Case No.: 14-12391

Chapter 11 Petition Date: October 21, 2014

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

Judge: Hon. Brendan Linehan Shannon

Debtor's Counsel: Daniel B. Butz, Esq.
                  MORRIS, NICHOLS, ARSHT & TUNNELL LLP
                  1201 N. Market Street, 18th Floor
                  Wilmington, DE 19801
                  Tel: 302-575-7348
                  Fax: 302-658-3989
                  Email: dbutz@mnat.com

                    - and -

                  Robert J. Dehney, Esq.
                  MORRIS, NICHOLS, ARSHT & TUNNELL LLP
                  1201 N. Market Street
                  P O. Box 1347
                  Wilmington, DE 19899-1347
                  Tel: (302) 658-9200
                  Fax: (302) 658-3989
                  Email: rdehney@mnat.com

                     - and -

                  Curtis S. Miller, Esq.
                  MORRIS NICHOLS ARSHT & TUNNELL LLP
                  1201 N. Market St.
                  Wilmington, DE 19801
                  Tel: 302-351-7412
                  Fax: 302-425-3080
                  Email: cmiller@mnat.com

Debtor's          BUCHANAN INGERSOLL & ROONEY PC
Special
Corporate
Counsel:

Debtors'          LOGAN & COMPANY, INC.
Claims and
Noticing
Agent:

Debtor's          SSG ADVISORS
Financial
Advisors:

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $50 million to $100 million

The petition was signed by David Hellman, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/deb14-12391.pdf


SENTINEL MANAGEMENT: BNY Mellon $312-Mil. Lawsuit Isn't Over
------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. District Judge James B. Zagel in Chicago
who initially said he'd hand down a decision in June on the
validity of Bank of New York Mellon Corp.'s $312 million secured
claim against bankrupt money manager Sentinel Management Group
Inc. said on the record last week that his ruling won't come until
late November.

According to the report, even if Judge Zagel does issue a decision
in November, there will probably be another appeal to the federal
circuit court in Chicago.

The suit in district court is Grede v. Bank of New York, 08-cv-
02582, U.S. District Court, Northern District of Illinois
(Chicago).

                     About Sentinel Management

Based in Northbrook, Illinois, Sentinel Management Group Inc. --
http://www.sentinelmgi.com/-- was a full service firm offering a
variety of security solutions.  The Company filed a voluntary
Chapter 11 petition (Bankr. N.D. Ill. Case No. 07-14987) on
Aug. 17, 2007.  Ronald Barliant, Esq., Randall Klein, Esq., and
Kathryn A. Pamenter, Esq., at Goldberg, Kohn, Bell & Black
Rosenbloom & Moritz, Ltd., represented the Debtor.  Lawyers at
Quinn, Emanuel Urquhart Oliver & Hedges, LLP, represented the
Official Committee of Unsecured Creditors.  When the Debtor sought
bankruptcy protection, it estimated assets and debts of more than
$100 million.

On Aug. 28, 2007, the Court approved Frederick Grede as the
Debtor's Chapter 11 Trustee.  Marc I. Fenton, Esq., at DLA Piper
US LLP, and Vincent E. Lazar, Esq., at Jenner & Block LLP,
represent the Chapter 11 Trustee.

The Court confirmed the Fourth Amended Chapter 11 Plan of
Liquidation for Sentinel on Dec. 15, 2008, which created a
Liquidation Trust.  The Plan became effective Dec. 17, 2008, and
Mr. Grede was appointed Liquidation Trustee.


SHALE-INLAND HOLDINGS: Moody's Cuts Secured Notes Rating to Caa1
----------------------------------------------------------------
Moody's Investors Service changed Shale-Inland Holdings, LLC's
outlook to negative from stable and downgraded the rating on the
company's senior secured notes to Caa1 from B3. At the same time,
Moody's affirmed the B3 corporate family rating and B3-PD
probability of default rating. The change in outlook and the
downgrade of the senior secured notes reflects Shale-Inland's
recent weak operating results and weakened credit profile, which
has increased the relative loss potential on the notes.

The following ratings were affected in this rating action:

Downgrades:

  $250 Million Senior Secured Notes due 2019, to Caa1(LGD4) from
  B3(LGD4)

Outlook Actions:

  Changed To Negative From Stable

Affirmations:

  Probability of Default Rating, Affirmed B3-PD

  Corporate Family Rating, Affirmed B3

Ratings Rationale

Shale-Inland's B3 rating reflects its small size, elevated
leverage, weak interest coverage, significant exposure to the
cyclical downstream energy sector, the possibility of further debt
financed acquisitions and the company's low profit margins, which
are typical of the distribution industry. The ratings are
supported by the company's exposure to MRO activity, long-term
relationships with large and well-established customers as well as
the countercyclical working capital needs and limited capital
expenditure requirements of the distribution business model. The
company also has an adequate liquidity profile with a low
outstanding balance on its revolver and no near term debt
maturities.

Shale-Inland's recent operating results have been weak driven by
competitive market conditions, severe winter weather, a reduced
level of project activity, a less profitable sales mix and
increased hiring and personnel costs as the company fills open
executive management positions. As a result, Shale's revenues have
declined by about 6.5% to $809 million and its adjusted EBITDA by
approximately 47% to $26 million during the LTM period ended
August 3, 2014 versus the prior year period. This has led to a
significant deterioration in Shale-Inland's credit metrics, with
its adjusted leverage ratio (Debt/EBITDA) rising to 11.8x from
6.5x and its interest coverage ratio ((EBITDA-CapEx)/Interest
Expense) declining to 0.3x from 1.1x.

Moody's expects the company's operating results to remain under
pressure in the second half of the fiscal year (ending Feb. 1,
2015) since demand remains lackluster and stainless steel and
aluminum prices have softened recently. However, the company is up
against a very easy comparison versus the back half of last fiscal
year when operating results were impacted by weak demand and
severe winter weather. Therefore, Shale should produce improved
second half operating results and adjusted EBITDA of about $35
million to $40 million for the fiscal year ended February 1, 2015
versus $32 million last fiscal year. This will enable Shale-Inland
to substantially reduce its leverage ratio (Debt/EBITDA) to about
8.0x and modestly raise its interest coverage ratio (EBITDA-
CapEx/Interest Expense) to about 0.4x. However, these metrics will
remain weak for the company's rating. Shale-Inland's future pace
of deleveraging will be dependent on its ability to grow EBITDA
since the company had only $5 million of pre-payable debt in
August 2014. The company should produce modestly improved
operating results and credit metrics next fiscal year (ending
January 31, 2016) as downstream and liquefied natural gas project
activity begins to ramp up.

Shale-Inland has an adequate liquidity profile with about $2
million of cash and $166 million of availability on its revolver,
which had $5 million of borrowings and $2 million of letters of
credit outstanding. The company has no debt maturities until March
2017. Moody's views the revolver size as sufficient relative to
Shale's revenues and anticipate usage under the revolver to remain
modest in the short term.

The negative outlook reflects Shale's recent weak operating
results and deteriorating credit metrics. The outlook could return
to stable if operating results improve and result in substantially
improved credit metrics. This would include the leverage ratio
(Debt/EBITDA) declining to 4.5x and the interest coverage ratio
(EBITDA-CapEx/Interest Expense) rising above1.5x.

The ratings are not likely to experience upward pressure in the
near term. However, Shale's ratings could experience upward
pressure if the company reduces its financial leverage below 4.0x
and consistently generates free cash flow of at least $50 million.

Negative rating pressure could develop if Shale's leverage ratio
remains above 4.5x or its interest coverage ratio is sustained
below 1.5x, as measured by (EBITDA-CapEx)/Interest. A significant
reduction in borrowing availability or liquidity could also result
in a downgrade.

The principal methodology used in this rating was Global
Distribution & Supply Chain Services published in November 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.

Shale-Inland Holdings, LLC, headquartered in Houston, Texas, is a
distributor and supplier of pipe, valves, fittings (PVF), related
products and technical solutions to the energy and industrial
sectors and a processor of stainless steel and aluminum products.
The company operates in three segments: Pipe, Fitting, Flanges
(PFF) (approximately 36% of LTM sales) is a distributor of pipe,
fittings, flanges and other products primarily for the
petrochemical, refining, mining and power generation industries;
Valves and Automation (approximately 35% of LTM sales) is a
distributor of manual and automated valve products and accessories
for the petrochemical, refining, upstream and midstream oil & gas,
power generation, mining, marine and other industrial end-markets;
Fabrication & Distribution Services (F&DS) (approximately 29% of
LTM sales) is a provider of processing, stamping, fabrication and
distribution of stainless steel, aluminum and flat products
serving the transportation, energy, petrochemical, food service
and other industrial end-markets. The company operates out of
approximately 46 branch locations throughout the United States and
Canada and generated revenues of $809 million for the trailing
twelve months ended August 3, 2014.


SOURCE HOME: Seeks February Extension of Exclusive Filing Date
--------------------------------------------------------------
Source Home Entertainment, LLC, et al., ask the U.S. Bankruptcy
Court for the District of Delaware to extend the period by which
they have exclusive right to file a Chapter 11 plan through and
including Feb. 18, 2015, and the period by which they have
exclusive right to solicit acceptances of that plan through and
including April 21, 2015.

The Debtors have filed a Chapter 11 plan of liquidation and an
explanatory disclosure statement, which will allow the Debtors to
wind down and distribute their assets to creditors in a timely
manner.  The Debtors, however, need more time to continue to work
with their lenders and the Official Committee of Unsecured
Creditors to reach a global agreement on the complex issues that
are crucial to the confirmation of the Debtors' Plan, Ryan M.
Bartley, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware, tells the Court.

Under the proposed plan, creditors holding priority claims will be
paid in full.  Also to receive full payments are bankruptcy
professionals and creditors who have claims under a revolving
credit agreement.  Meanwhile, each general unsecured creditor will
receive a beneficial interest in its pro rata share of the assets
held in a liquidating trust.  Interests in Source Home
Entertainment will be canceled, according to the disclosure
statement.

The court will hold a hearing on Nov. 10 to consider approval of
the disclosure statement.  A hearing on the confirmation of the
liquidating plan is scheduled for Dec. 18.

A hearing to consider approval of the extension request is
scheduled for Nov. 20, 2014, at 10:00 a.m. (ET).  Objections are
due Nov. 3.

                 About Source Home Entertainment
                       and Source Interlink

Headquartered in Bonita Springs, Florida, Source Home
Entertainment, LLC, manufactures front-end retail checkout
displays and is a leading distributor of books, periodicals, and
other printed material.  Its distribution network spans over
32,500 retail locations in the U.S. and abroad.

In the twelve months ended April 30, 2014, Source Home generated
revenues totaling approximately $600 million on a consolidated
basis.  As of March 31, 2014, Source Home had assets (not
including goodwill or intangibles) of $205 million and liabilities
of approximately $290 million.  Source Interlink Distribution, LLC
disclosed $82,729,238 in assets and $104,521,951 in liabilities.

Source Home, Source Interlink Manufacturing, LLC, and other
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 14-11553) on June 23, 2014, to sell their front-end retail
display fixtures business to lenders, absent higher and better
offers.  The Debtors are winding down their books distribution
business.

The Debtors have tapped Kirkland & Ellis LLP as general bankruptcy
and corporate counsel; Young Conaway Stargatt & Taylor, LLP, as
co-counsel, FTI Consulting, Inc., as crisis and turnaround
advisor; and Kurtzman Carson Consultants, LLC, as claims agent.
Stephen Dube has been designated by the Debtors to act as chief
restructuring officer and Joshua Korsower to act as chief
financial officer.

The United States Trustee for Region 3 appointed seven creditors
to serve on the Official Committee of Unsecured Creditors.  The
Committee is represented by Lowenstein Sandler LLP, and Duane
Morris LLP.  The Committee tapped PricewaterhouseCoopers LLP as
its financial advisor.


SPECIALTY PRODUCTS: Nov. 14 Fixed as Proofs of Claim Deadline
-------------------------------------------------------------
The U.S. Bankruptcy Court in Eastern District of Delaware has
established Nov. 14, 2014, as the deadline for all persons and
entities holding or asserting a claim against Specialty Products
Holdings Corp., aka RPM, Inc., to file a formal proof of claim in
the Debtor's case.

Proofs of claim by governmental entities are due by Dec. 1, 2014.

                      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 were 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.


STHI HOLDINGS: Synergy Health Deal No Impact on Moody's 'B2' CFR
----------------------------------------------------------------
Moody's Investors Service  says contract sterilization service
provider STHI Holdings Corporation, the parent company of
Sterigenics Holdings, Inc. (collectively, "Sterigenics"), will
face increasing competitive pressure over the medium to long term
following the recently announced acquisition of UK-based Synergy
Health (unrated) by US-based STERIS Corporation (unrated). STHI's
ratings, including its B2 Corporate Family Rating and negative
outlook are unaffected at this time.

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

Sterigenics, headquartered in Oak Brook, IL, is a provider of
contract sterilization and ionization services for medical
devices, food safety, and advanced materials applications. STHI
acquired Nordion, Inc. in 2014 for approximately $826 million.
Headquartered in Ottawa, Nordion is a leading supplier of
radioactive isotope products and services used for the prevention,
diagnosis and treatment of disease. On a combined basis, pro forma
revenues totaled $552 million in 2013.


TITAN INTERNATIONAL: Moody's Puts 'B1' CFR for Downgrade
--------------------------------------------------------
Moody's Investors Service has placed Titan International, Inc.'s
ratings, including its B1 corporate family rating, B1-PD
probability of default rating and B1 senior secured notes rating
under review for downgrade. The speculative grade liquidity rating
is unchanged at SGL-2. The review for downgrade was prompted by
Titan CEO's announcement that the cyclical downturn in its primary
end-market industry segments will minimally last through 2015 and
perhaps into 2016. The current negative outlook has been changed
to under review for downgrade.

Ratings placed under review for downgrade:

  Corporate Family Rating, Under Review for Downgrade, currently
  B1

  Probability of Default Rating, Under Review for Downgrade,
  currently B1-PD

  $400 million senior secured notes due 2020, Under Review for
  Downgrade, currently B1 (LGD-3)

  Outlook, Under Review for Downgrade

Ratings unchanged:

  Speculative Grade Liquidity Rating, SGL-2

Ratings Rationale

The review for downgrade results from the expectation that Titan's
operating performance and credit metrics over the next twelve to
eighteen months will be weaker than anticipated. Titan's CEO
attributed the company's current business outlook to a decline in
demand for new equipment due to large agricultural machinery being
in a cyclical downturn. More specifically, the company commented
that "big" agriculture could be down 20 percent or more during
2015, the company's mining side of the business will be flat and
the construction business will be slow to flat. Titan's
debt/EBITDA for the last twelve months ended June 30, 2014, on a
Moody's adjusted basis, stands at approximately 4.6x, within the
B1 range but at risk of softening due to the aforementioned
business outlook. During the company's outlook comments, 2015
revenue and EBITDA guidance was not provided but softness in its
primary end-markets was cited.

The review will focus on the company's operating performance
during the next reported quarter including a reassessment of the
company's short-term liquidity profile and expectations for the
intermediate term. Moody's note that the company has taken actions
to reduce costs and better align its business with current
industry conditions. Nevertheless, the degree with which these
process improvements and cost reductions can address the current
cyclical downturn in the company's end-markets will be evaluated
during the ratings review.

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

Titan, headquartered in Quincy, IL is a manufacturer of wheels,
tires and assemblies for off-highway vehicles serving the
agricultural, earthmoving/construction and consumer end markets.
Last twelve months ended June 30, 2014 revenues totaled $2.1
billion.


TLC HEALTH: Deadline to Challenge Lenders' Liens Moved to Oct. 27
-----------------------------------------------------------------
U.S. Bankruptcy Judge Carl Bucki approved an agreement to extend
the deadline for the official committee of unsecured creditors to
challenge the liens of TLC Health Network's secured lenders.

The agreement allows the unsecured creditors' committee to file an
action challenging the liens of Brooks Memorial Hospital and the
University of Pittsburgh Medical Center until October 27.

The committee will not conduct any further investigation until the
Oct. 27 deadline but it may pursue pending requests for documents
made during the examinations conducted in 2004.

                   About TLC Health Network

TLC Health Network filed a Chapter 11 petition (Bankr. W.D.N.Y.
Case No. 13-13294) on Dec. 16, 2013.  The petition was signed by
Timothy Cooper as Chairman of the Board.  The Debtor estimated
assets of at least $10 million and debts of at least $1 million.
Jeffrey A. Dove, Esq., at Menter, Rudin & Trivelpiece, P.C.,
serves as the Debtor's counsel.  Damon & Morey LLP is the Debtor's
Special Health Care Law and Corporate Counsel.  The Bonadio Group
is the Debtor's accountants.  Howard P. Schultz & Associates, LLC
is the Debtor's appraiser.

The case is assigned to the Hon. Carl L. Bucki.

A three-member panel composed of Cannon Design, Chautauqua
Opportunities, Inc., and Jamestown Rehab Services has been
appointed as the official unsecured creditors committee.  Bond,
Schoeneck & King, PLLC is the counsel to the Committee.  The
Committee has tapped NextPoint LLC as financial advisor.

Gleichenhaus, Marchese & Weishaar, PC is the general counsel for
Linda Scharf, the Patient Care Ombudsman of TLC Health.


TPC GROUP: S&P Retains 'B' Rating Over $50MM Secured Notes Add-On
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that its ratings on
Houston-based TPC Group Inc. are unchanged following TPC's
proposed $50 million add-on to its existing $755 million senior
secured notes.  S&P has maintained its 'B' issue-level rating and
'4' recovery rating on the senior secured notes, indicating S&P's
expectation of average (30% to 50%) recovery in the event of a
payment default.

S&P expects that the company will use proceeds from the add-on
offering to pay down outstanding revolver borrowings and for
general corporate purposes.  All of S&P's other existing ratings
on the company, including the 'B' corporate credit rating, remain
unchanged.  The outlook is stable.

The ratings on TPC Group reflect its narrow product range of
commodity compounds, limited customer and geographic diversity,
cyclicality in its key markets, modest EBITDA margins, and high
level of debt leverage (adjusted debt to EBITDA was about 6x at
June 2014).  These risk factors are partially offset by the
company's favorable competitive position and S&P's expectation
that the on-purpose isobutylene plant (which is expected to come
online in the next few months) will lead to a step change in the
company's EBITDA.  Standard & Poor's characterizes TPC Group's
business risk profile as "weak" and its financial risk profile as
"highly leveraged."

Ratings List

TPC Group Inc.
Corporate Credit Rating             B/Stable/--

Ratings Unchanged

TPC Group Inc.
$805 Mil. Senior Secured Notes      B
  Recovery Rating                   4


TRIKO LLC: Taps Snell & Wilmer as General Insolvency Counsel
------------------------------------------------------------
TriKo LLC asks the U.S. Bankruptcy Court for the Central District
of California for permission to employ Snell & Wilmer LLP as its
general insolvency counsel.

The firm will:

  l) advise and assist the Debtor in evaluating this Chapter 11
     case and complying with the requirements of the Bankruptcy
     Code and the Office of the United States Trustee;

  2) advise the Debtor regarding matters of bankruptcy law,
     including the rights and remedies of the Debtor with regard
     to the estate, its assets and the claims of creditors;

  3) consult with the Debtor concerning the administration of this
     case;

  4) make any court appearances on behalf of and to represent the
     Debtor in any proceedings or hearings in the United States
     Bankruptcy Court for the Central District of California
     involving matters of bankruptcy law and in any other court
     where the rights of the Debtor may be litigated or affected;

  5) conduct examinations of witnesses, claimants or adverse
     parties and to prepare and assist in the preparation
     of reports, accounts and pleadings related to this Chapter 11
     case;

  6) assist the Debtor in the final negotiation, formulation,
     confirmation and implementation of a Chapter 11 plan;

  7) advise the Debtor concerning the requirements of the
     Bankruptcy Code, the Federal Rules of Bankruptcy Procedure,
     the Local Bankruptcy Rules and all other applicable rules
     affecting this proceeding; and

  8) take such other action and perform such other services as the
     Debtor may require of the Firm in connection with this
    chapter 11 case.

The firm proposes to render services to the Debtor at its regular
hourly rates.  The firm's California bankruptcy group who are
expected to render services in this matter and their billing
rates:

   Attorneys                     2014 Hourly Rates
   ---------                     -----------------
   Michael B. Reynolds, Esq.     $605
   Brett H. Ramsaur, Esq.        $335

The firm says it may utilize other professionals in its California
or other offices as needed to expedite and facilitate the handling
of matters on behalf of the Debtor.  These professionals will bill
at their standard rates, which range between $150 and $700 per
hour.  The Debtor will not be charged for intra-firm travel or
accommodation expenses incurred by the firm in connection with the
services rendered by these professionals.  The firm's regular
practice of billing in increments of one-tenth of an hour will be
followed in this case.

According to the firm, its initial engagement agreement with the
Debtor called for a prepetition retainer of $30,000, which was
funded by the Debtor on Aug. 22, 2014.  After it became apparent
that the Debtor would need more time to negotiate a consensual
settlement with lienholders and the potential purchaser of the
Property, the Debtor elected to seek protection under Chapter 11.

Accordingly, the Debtor augmented the firm's retainer by $40,000
on Sept. 17, 2014, plus an additional $1,7l7 two days later, on
Sept. 19, 2014.  Also on Sept. 19, 2014, three of the Debtor's
members, Deanna Ko, Landry Ko and Fiona Ko, each provided the firm
with $10,000 on behalf of the Debtor.  On or about Sept. 22, 2014,
shortly before filing the Debtor's bankruptcy petition, the firm
drew down on the initial retainer to cover pre-petition fees and
costs in the amount of $27,475.  This left a total retainer
account balance of $74,241 as of time the petition was filed on
the afternoon of Sept. 22, 2014.  Thus, at the time the petition
was filed, the Debtor owed nothing to the Firm on account of work
performed or costs incurred.

Michael B. Reynolds, partner of the firm, assures the Court that
the firm is a "disinterested person" within the meaning of Section
101(14) of the Bankruptcy Code.

The firm can be reached at:

   Michael B. Reynolds, Esq.
   Brett H. Ramsaur, Esq.
   SNELL & WILMER LLP
   Two California Plaza
   350 South Grand Avenue, Suite 2600
   Los Angeles, CA 90071-3406
   Tel: 213-929-2500
   Fax: 213-929-2525
   Email: mrevnolds@swlaw.com
          bramsaur@swlaw.com

                         About Triko LLC

Triko, LLC, commenced Chapter 11 bankruptcy proceedings (Bankr.
C.D. Cal. Case No. 14-28008) in Los Angeles on Sept. 22, 2014, to
stop foreclosure of its property in Fullerton, California.  The
Debtor estimated both assets and liabilities between $10 million
and $50 million.


TRINITY INDUSTRIES: FHA Demands New Testing on Guardrails
---------------------------------------------------------
Katy Stech, writing for The Wall Street Journal, reported that
officials of the Federal Highway Administration, a unit of the
U.S. Transportation Department, are demanding that Trinity
Industries Inc. conduct new crash tests for its ET-Plus guardrail
system following a record-setting jury verdict in a lawsuit that
questioned the product?s safety.  According to the report, the FHA
sent a letter that gives Trinity Industries an Oct. 31 deadline to
explain how they plan to runs new tests on the ET-Plus model,
which was redesigned in 2005 and is alleged to malfunction during
collisions, spearing incoming vehicles.

As previously reported by The Troubled Company Reporter, citing
Daily Bankruptcy Review, a federal jury in Texas has awarded $175
million in a trial brought by a whistleblower who questioned the
safety of thousands of highway guardrail end caps on the nation's
roads.  After deliberating for just several hours in U.S. District
Court in Marshall, Texas, a jury sided with whistleblower Josh
Harman, finding Trinity Industries Inc. defrauded the federal
government when it submitted claims tied to a modified guardrail
system.

                     About Trinity Industries

Headquartered in Dallas, Texas, Trinity Industries Inc. (NYSE:TRN)
-- http://www.trin.net/-- is a holding company of diversified
industrial companies. Trinity manufactures and sells railcars and
railcar parts, inland barges, concrete and aggregates, highway
products, beams and girders used in highway construction, tank
containers and structural wind towers. In addition, it leases
railcars to its customers through a captive leasing business,
Trinity Industries Leasing Company. Trinity has five business
groups: Rail Group, Railcar Leasing and Management Services Group,
Construction Products Group, Inland Barge Group and the Energy
Equipment Group.

                        *      *      *

The Troubled Company Reporter, on Sep. 24, 2014, reported that
Moody's Investors Service affirmed all debt ratings of Trinity
Industries, Inc., including the Ba1 Corporate Family Rating, and
changed the rating outlook to positive from stable. Moody's also
assigned a Ba1 (LGD4) rating to Trinity's new issue of $300
million of unsecured notes.

The proceeds of the new notes will be used initially to bolster
its cash reserves following the recent acquisition of Meyer Steel
Structures for about $600 million, which Trinity funded from cash.
Moody's anticipates that the company will continue to acquire
additional manufacturing companies to broaden the product
offerings in its construction products and energy equipment groups
to help reduce the still high concentration of its highly cyclical
rail manufacturing segment.


TRUMP ENTERTAINMENT: March 9 Set as Governmental Claims Bar Date
----------------------------------------------------------------
The U.S. Bankruptcy Court in Eastern District of Delaware has
established March 9, 2014, as the deadline for all governmental
entities to file proofs of claim in the bankruptcy case of Trump
Entertainment Resorts Inc.

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.


TRUMP ENTERTAINMENT: Taj Mahal Casino Threatens to Close
--------------------------------------------------------
Trump Entertainment Resorts Inc.'s Trump Taj Mahal has threatened
to close on Nov. 13, 2014, if its demands wouldn't be met, Brian
Pempus at Cardplayer.com reports.

The Associated Press says that Trump Taj Mahal is seeking
$175 million in state and local government assistance to help it
stay afloat before billionaire Carl Icahn would agree to purchase
the property and bail it out.

Cardplayer.com relates that Trump Taj Mahal has also refused to
take down the Trump from its name.  As reported by the Troubled
Company Reporter on Oct. 13, 2014, Wayne Parry at The Associated
Press reported that Donald Trump and his daughter Ivanka, in a
lawsuit against Trump Entertainment, are seeking to disassociate
themselves from the Debtor and have their name stripped from the
Trump Taj Mahal, and the Debtor itself, claiming that the Debtor
let its two casinos fall into disrepair that it breached quality
standards agreed to by both sides.

A lawsuit from Donald Trump right now will hurt the bankruptcy
process of Trump Entertainment, of which Mr. Trump reportedly
still has a small percent, Cardplayer.com says, citing Trump Taj
Mahal.

                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.


UNITEK GLOBAL: To File for Ch 11 Bankruptcy Before Nov. 11
----------------------------------------------------------
UniTek Global Services, Inc., and its lenders, including
affiliates of Littlejohn & Co. and New Mountain Capital have
agreed to the terms of a comprehensive debt restructuring.

The Restructuring will allow the Company to continue honoring its
obligations and responsibilities to its employees, customers, and
vendors in the ordinary course of business, while significantly
reducing its debt, reorganizing other financial obligations, and
creating a strong financial foundation for the Company's future.
To implement the Restructuring, the Company intends to file before
Nov. 11, 2014, a voluntary petition for a "Pre-Packaged" Chapter
11 Bankruptcy in the U.S. Bankruptcy Court for the District of
Delaware.  In the filing, the Company plans to request a hearing
to approve the Restructuring and to set an expedited schedule for
the Company's emergence from Chapter 11.

The terms of the Restructuring provide for a substantial reduction
of secured debt through a debt-for-equity "swap" of over 40% as
well as a substantial reduction in cash interest rate.  In
addition, the Lenders have agreed to advance up to $43 million of
new capital to support the Company's recapitalization.  All valid
unsecured creditors' claims on UniTek and its subsidiaries will be
assumed in the ordinary course of business and unimpaired.

Concurrently, the Lenders, as well as UniTek's largest customer,
DIRECTV, have entered into a Plan Support Agreement in support of
the Restructuring.  "We are pleased that the Company has taken
steps to improve its financial profile.  We value our relationship
with UniTek and look forward to continuing our partnership,"
stated Dave Baker, Senior Vice President of DIRECTV.

Upon completion of the Restructuring, UniTek will become a private
company entirely owned by its Lenders, the largest of which have
leading private equity practices, as well as deep relationships in
the specialty contracting and fulfillment services industries.

"We are very pleased to have the support of the Lenders in the
steps we have taken to improve our balance sheet and, through it,
the long-term health of our Company," said Rocky Romanella, Chief
Executive Officer.  "As a result of this Restructuring, we will be
positioned as a financially sound competitor in the industries
UniTek serves.  We have taken steps to diminish the impact of this
process on our vendors, customers and employees, and we intend to
move forward as expeditiously as possible to complete the
Restructuring."

                   About UniTek Global Services

UniTek Global Services, Inc., based in Blue Bell, Pennsylvania,
provides fulfillment and infrastructure services to media and
telecommunication companies in the United States and Canada.

UniTek Global reported a net loss of $52.07 million on $471.93
million of revenues for the year ended Dec. 31, 2013, as compared
with a net loss of $77.73 million on $437.59 million of revenues
in 2012.

The Company's balance sheet at March 29, 2014, showed $249.60
million in total assets, $257.33 million in total liabilities and
a $7.72 million total stockholders' deficit.

                        Bankruptcy Warning

"An event of default under either of our credit facilities could
result in, among other things, the acceleration and demand for
payment of all the principal and interest due and the foreclosure
on the collateral.  As a result of such a default or action
against collateral, we could be forced to enter into bankruptcy
proceedings, which may result in a partial or complete loss of
your investment," the Company said in its annual report for the
year ended Dec. 31, 2013.

                           *     *     *

As reported by the TCR on Oct. 17, 2013, Standard & Poor's Ratings
Services said it raised its corporate credit rating on Blue Bell,
Pa.-based UniTek Global Services Inc. to 'B-' from 'CCC'.  "The
ratings upgrade to 'B-' reflects our belief that the company
is no longer vulnerable and dependent on favorable developments to
meet its financial commitments over the next few years," said
Standard & Poor's credit analyst Michael Weinstein.

The TCR reported on Oct. 10, 2014, that Moody's Investors Service
downgraded UniTek Global Services, Inc.'s corporate family rating
to Ca.  The Ca corporate family rating reflects Moody's view that
the forbearance agreement entered into with UniTek's lenders on
August 8th would be considered a default under Moody's definition.


UNIVISION NOTICIAS: Closing News Operation, To Lay Off 100 Staff
----------------------------------------------------------------
Frank Worley-Lopez at Panampost.com reports that Univision
Noticias disclosed on Oct. 17, 2014, that it was closing its
entire news operation at Channel 11, and letting go of roughly 100
workers.

Panampost.com relates that Puerto Rico residents boycott Univision
Noticias over the Channel 11 shutdown.  According to the report,
news of the decision to close went viral and there were calls for
boycotts on all Univision products.


VOYAGER FOUNDATION: S&P Assigns 'BB+' Rating on Revenue Bonds
-------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB+' rating to
the Public Finance Authority, Wis.' charter school revenue bonds,
tax-exempt series 2014A and taxable series 2014B, issued for the
Voyager Foundation in Durham, N.C.  In addition, S&P assigned its
'BB+' rating to the foundation's series 2012A bonds.  The outlook
is stable.

"The rating reflects our view of the foundation and academy's
below-average cash on hand for the rating category and negative
operations, as well as the academy's good demand profile, with
near-capacity enrollment and a wait list of more than 100% of
enrollment," said Standard & Poor's credit analyst Carlotta Mills.

The 2012A debt was used to purchase the elementary and high school
and currently has an outstanding balance of $15.8 million.  The
series 2014 debt will refund $8.0 million in new market tax
credits that were used to purchase the middle school, refund a
$600,000 loan, fund a debt service reserve of $647,000, and pay
for issuance costs.


WILSON COUNTY MEMORIAL: S&P Raises Rating on 2003 GO Bonds to 'BB'
------------------------------------------------------------------
Standard & Poor's Ratings Services raised its underlying rating
(SPUR) to 'BB' from 'B' on Wilson County Memorial Hospital, Texas'
(doing business as Connally Memorial Medical Center) series 2003
general obligation (GO) bonds.  The outlook is stable.

"The raised rating reflects our view of the district's sustained
improved financial metrics in fiscal 2013, through 11 months of
fiscal 2014, and budgeted for fiscal 2015," said Standard & Poor's
credit analyst Karl Propst.

The rating remains speculative grade due to S&P's view of the
district's historically volatile patient volumes coupled with the
inherent vulnerabilities associated with the medical center's
small revenue base and rural location.


YELLOWSTONE MOUNTAIN: Founder's Wife Sued Over Yacht 'Piano Bar'
----------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Timothy Blixseth's current wife, Jessica
Blixseth, is the latest target of lawsuits by creditors of the
bankrupt Yellowstone Mountain Club LLC after the creditors' trust
sued Ms. Blixseth for being a recipient of the 156-foot yacht
"Piano Bar," which, according to creditors, was a fraudulent
transfer from Mr. Blixseth.

The report said the complaint said the couple "reportedly
continues to use and enjoy" the vessel to this day and asked the
judge to enjoin Ms. Blixseth from transferring the yacht until the
suit is resolved.

The new suit is Glasser v. Blixseth, 14-cv-01576, U.S. District
Court, Western District of Washington (Seattle).

                     About Yellowstone Mountain

Located near Big Sky, Montana, Yellowstone Mountain Club LLC --
http://www.theyellowstoneclub.com/-- is a private golf and ski
community with more than 350 members, including Bill Gates and Dan
Quayle.  The Company was founded in 1999.

Yellowstone Club and its affiliates filed for Chapter 11
bankruptcy (Bankr. D. Montana, Case No. 08-61570) on Nov. 10,
2008.  The Company's owner affiliate, Edra D. Blixseth, filed
a separate Chapter 11 petition on March 27, 2009 (Case No.
09-60452).

Attorneys at Bullivant Houser Bailey PC and Bekkedahl & Green
PLLC represented Yellowstone.  The Debtors hired FTI Consulting
Inc. and Ronald Greenspan as CRO.  The official committee of
unsecured creditors were represented by Parsons, Behle and
Latimer; and James H. Cossitt, Esq., as counsel.  Credit Suisse,
the prepetition first lien lender, was represented by Skadden,
Arps, Slate, Meagher & Flom.

In June 2009, the Bankruptcy Court entered an order confirming
Yellowstone's Chapter 11 Plan.  Pursuant to the Plan, CrossHarbor
Capital Partners LLC acquired equity ownership in the reorganized
Club for $115 million.

Marc S. Kirschner, Esq., was appointed the Trustee of the
Yellowstone Club Liquidating Trust created under the Plan.


YOSHI'S SAN FRANCISCO: Jazz Club & Restaurant Renamed as Addition
-----------------------------------------------------------------
Meredith May, staff writer at the San Francisco Chronicle, reports
that the Yoshi's San Francisco, LLC the jazz club and Japanese
restaurant has been renamed the Addition.

The San Francisco Chronicle relates that Peter Williams, former
director of Yoshi's Oakland who will handle music programming for
the 28,000-square-foot venue, said that the Yoshi's sign will be
replaced with a New Addition sign on Nov. 1, 2014.

Emma Silvers at Sfweekly.com reports that six months after the
Company filed for Chapter 11 bankruptcy, new owners Fillmore Live
Entertainment Group, LLC, said that they had won talks to take
over the venue.  According to the San Francisco Chronicle, the new
ownership group, which was created in June 2014 under the
direction of managing partner Michael Johnson, took over on July
1, 2014.

                   About Yoshi's San Francisco

An involuntary Chapter 11 bankruptcy petition (Bankr. N.D. Calif.
Case No. 12-49432) was filed on Nov. 28, 2012, against Yoshi's San
Francisco, aka Yoshi's San Francisco LLC, an upscale nightclub,
music venue, and Japanese restaurant located in Oakland.  The
alleged creditors are Yoshi's Japanese Restaurant, allegedly owed
$1.28 million; Apex Refrigeration Corp., owed $504; and East Bay
Restaurant Supply Inc., owed $2,707.

Judge Roger L. Efremsky oversees the case, taking over from Judge
M. Elaine Hammond.  Scott H. McNutt, Esq., and Shane J. Moses,
Esq., at McNutt Law Group, represent the Debtor as counsel.  YSF
opened its doors in December 2007.  The project was part of a
partnership involving the City and County of San Francisco and a
real estate developer, Fillmore Development Commercial, LLC.  YSF
is a California limited liability company with two members, both
of which are corporate entities.  The majority member is Yoshi's
Fillmore, LLC, of which Yoshi's Japanese Restaurant in Oakland is
the principal member and manager.  The minority member is Fillmore
Jazz Club, LLC, a group of investors managed by Michael Johnson,
who also manages the developer, FDC.

There is a provision in the YSF operating agreement that requires
unanimous agreement to take certain actions that have a permanent
effect on the company such as the filing of a voluntary Chapter 11
restructuring.  This predictably led to acrimony and gridlock, and
prevented YSF management from taking what it believed were the
those actions necessary in the face of the company's continued
financial situation.

On Oct. 29, 2012, FDC filed a lawsuit in state court seeking
appointment of a receiver to take over control of YSF.  YSF
recognized that this would be ultimately unproductive, because
it would be highly disruptive and potentially lead to loss of the
Yoshi's name, as well as the manager who has been the driving
force behind Yoshi's for 40 years.

YSF determined that the only option to allow the continued
operation of Yoshi's and protect the interests of all creditors
was for creditors of Yoshi's to file an involuntary bankruptcy
petition against YSF.

Fillmore is represented by Sara L. Chenetz, Esq., at Blank Rome
LLP.


* Mintz Levin's Bae Discusses 3rd Party Protections in Tort Cases
-----------------------------------------------------------------
John Bae, Esq., at Mintz Levin, discussed third-party protections
in mass tort Chapter 11 cases in an article available at
http://is.gd/ZpgQmf

"A defendant facing thousands of mass tort lawsuits in federal and
state courts throughout the country often will seek to address the
litigation by seeking Chapter 11 relief under the Bankruptcy
Code," Mr. Bae wrote.

He also noted that the mass tort debtor's ability to propose a
confirmable plan will largely be driven by its ability to provide
meaningful distribution to the tort victims.

The article was originally published in the New York Law Journal
on October 1, 2014.


* Bingham McCutchen Law Firm Weighs Options
-------------------------------------------
Jennifer Smith, writing for The Wall Street Journal, reported that
struggling Boston law firm Bingham McCutchen LLP is appealing to
its partners to stick around and says its profitability is
improving after a tough 18 months marked by lawyer exits and
sliding revenue.  According to the report, keeping more partners
from leaving is crucial for the firm as Bingham is attempting to
rebound from a 12.6% plunge in revenue last year, after some
lucrative litigation work wound down, and it has been in
discussions about a possible merger with larger rival Morgan,
Lewis & Bockius LLP as a way out of its troubles.


* John Harms Joins Huron Consulting Group as Managing Director
--------------------------------------------------------------
Huron Consulting Group, a provider of business consulting
services, on Oct. 22 disclosed that John D. Harms has joined the
Company as a managing director within its Business Advisory
practice.

"Economic uncertainty and marketplace challenges continue to drive
demand for business advisory services in a variety of industries,"
said John DiDonato, managing director and Huron Business Advisory
leader.  "John has a distinguished track record helping Fortune
500 and middle-market clients address issues involving strategic
and operational planning, process excellence, reengineering and
supply chain improvements.  We are pleased to welcome John to
Huron and are confident that he will bring value to our clients
across industries."

Mr. Harms has more than 25 years of experience and joins Huron
from IBM Global Business Services where he was a Strategy and
Transformation partner.  He previously held senior management
consulting roles with PricewaterhouseCoopers and Ernst & Young.
At Huron, Mr. Harms will help clients optimize their operational
and financial results across industries including manufacturing,
aerospace, automotive, technology, electronics, retail, and
consumer products and services.

                  About Huron Business Advisory

Huron Business Advisory resolves complex business issues and
enhances value with a full suite of services for middle-market
companies and larger businesses, including forensic
investigations, transaction advisory, restructuring and
turnaround, interim management, capital raising, operational
improvement, and valuation.  Its senior-level team members have
vast experience in a range of industries, with many serving as C-
level executives, who quickly analyze a business situation and
apply our knowledge to finding a workable solution.

                   About Huron Consulting Group

Huron Consulting Group -- http://www.huronconsultinggroup.com--
helps clients in diverse industries improve performance, transform
the enterprise, reduce costs, leverage technology, process and
review large amounts of complex data, address regulatory changes,
recover from distress and stimulate growth.  The Company's
professionals employ their expertise in finance, operations,
strategy and technology to provide its clients with specialized
analyses and customized advice and solutions that are tailored to
address each client's particular challenges and opportunities to
deliver sustainable and measurable results.  The Company provides
consulting services to a wide variety of both financially sound
and distressed organizations, including healthcare organizations,
leading academic institutions, Fortune 500 companies, governmental
entities and law firms.  Huron has worked with more than 425
health systems, hospitals, and academic medical centers; more than
400 corporate general counsel; and more than 350 universities and
research institutions.


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

In re Beef and Britchens II, LLC
   Bankr. D. Ariz. Case No. 14-15527
      Chapter 11 Petition filed October 14, 2014
         See http://bankrupt.com/misc/azb14-15527.pdf
         represented by: Dean M. Dinner, Esq.
                         NUSSBAUM GILLIS & DINNER, P.C.
                         E-mail: ddinner@ngdlaw.com

In re Jimmy G. Fernandez and Susan W. Fernandez
   Bankr. D. Ariz. Case No. 14-15530
      Chapter 11 Petition filed October 14, 2014

In re Erween Epino and Marjorie Miana Epino
   Bankr. C.D. Cal. Case No. 14-29453
      Chapter 11 Petition filed October 14, 2014

In re Mario Silverio Granados and Emma Lazaro-Vanegas
   Bankr. D. Nev. Case No. 14-16872
      Chapter 11 Petition filed October 14, 2014

In re Gale Ann Wallach
   Bankr. E.D.N.Y. Case No. 14-74650
      Chapter 11 Petition filed October 14, 2014

In re Victoria Teodorescu
   Bankr. S.D.N.Y. Case No. 14-23450
      Chapter 11 Petition filed October 14, 2014

In re Dimple, LLC
   Bankr. E.D.N.C. Case No. 14-05962
      Chapter 11 Petition filed October 14, 2014
         See http://bankrupt.com/misc/nceb14-05962.pdf
         represented by: John G. Rhyne, Esq.
                         E-mail: johnrhyne@johnrhynelaw.com

In re Annie's Bakery, Inc.
   Bankr. W.D.N.C. Case No. 14-10554
      Chapter 11 Petition filed October 14, 2014
         See http://bankrupt.com/misc/ncwb14-10554.pdf
         represented by: D. Rodney Kight, Jr., Esq.
                         KIGHT LAW OFFICE PC
                         E-mail: info@kightlaw.com

In re Graphics 2000
   Bankr. D. Nev. Case No. 14-16879
      Chapter 11 Petition filed October 14, 2014
         See http://bankrupt.com/misc/nvb14-16879.pdf
         represented by: Jonathan B. Goldsmith, Esq.
                         E-mail: jonathan@vegaslawsite.com

In re Vicente Calderon Rodriguez and Elizabeth Alicea Aponte
   Bankr. D.P.R. Case No. 14-08446
      Chapter 11 Petition filed October 14, 2014

In re William G. Dickie andBarbara G. Dickie
   Bankr. E.D. Tex. Case No. 14-42197
      Chapter 11 Petition filed October 14, 2014

In re Coucoon Signature Salon & Spa LLC
   Bankr. E.D. Va. Case No. 14-73726
      Chapter 11 Petition filed October 14, 2014
         See http://bankrupt.com/misc/vaeb14-73726.pdf
         represented by: Barry R. Koch, Esq.
                         INMAN & STRICKLER, P.L.C.
                         E-mail: bkoch@inmanstrickler.com

In re S & L Printing and Mailing Inc.
   Bankr. D. Ariz. Case No. 14-15542
      Chapter 11 Petition filed October 15, 2014
         See http://bankrupt.com/misc/azb14-15542.pdf
         represented by: Don C. Fletcher, Esq.
                         LAKE AND COBB
                         E-mail: dfletcher@lakeandcobb.com

In re Smith Heavy Industrial Transit Corp
   Bankr. C.D. Cal. Case No. 14-14690
      Chapter 11 Petition filed October 15, 2014
         See http://bankrupt.com/misc/cacb14-14690.pdf
         Filed Pro Se

In re Susan Marie Glines-Thompson
   Bankr. E.D. Cal. Case No. 14-30248
      Chapter 11 Petition filed October 15, 2014

In re Hossein Panagiotis Zavvari
   Bankr. N.D. Cal. Case No. 14-31496
      Chapter 11 Petition filed October 15, 2014

In re Thanh Van Do
   Bankr. N.D. Cal. Case No. 14-54175
      Chapter 11 Petition filed October 15, 2014

In re One Grace, LLC
   Bankr. S.D. Ind. Case No. 14-09568
      Chapter 11 Petition filed October 15, 2014
         See http://bankrupt.com/misc/insb14-09568.pdf
         represented by: KC Cohen, Esq.
                         KC COHEN, LAWYER, P.C.
                         E-mail: kc@esoft-legal.com

In re Tri-State Health & Wellness Medical Care Center, P.C.
   Bankr. D.N.J. Case No. 14-31002
      Chapter 11 Petition filed October 15, 2014
         See http://bankrupt.com/misc/njb14-31002.pdf
         represented by: Alla Kachan, Esq.
                         LAW OFFICES OF ALLA KACHAN, P.C.
                         E-mail: alla@kachanlaw.com

In re Valgir, Inc.
   Bankr. D.N.J. Case No. 14-31038
      Chapter 11 Petition filed October 15, 2014
         See http://bankrupt.com/misc/njb14-31038.pdf
         represented by: Kenneth J. Rosellini, Esq.
                         E-mail: kennethrosellini@gmail.com

In re David W. King, Jr.
   Bankr. E.D.N.C. Case No. 14-06010
      Chapter 11 Petition filed October 15, 2014

In re Iglesia Cristiana Senderos De La Verdad Inc.
   Bankr. D.P.R. Case No. 14-08478
      Chapter 11 Petition filed October 15, 2014
         See http://bankrupt.com/misc/prb14-08478.pdf
         represented by: Alberto O. Lozada Colon, Esq.
                         BUFETE LOZADA COLON
                         E-mail: lozada1954@hotmail.com

In re DWheeler, Inc.
        dba Moore's Hardware
   Bankr. S.D. W. Va. Case No. 14-30406
      Chapter 11 Petition filed October 15, 2014
         See http://bankrupt.com/misc/wvsb14-30406.pdf
         represented by: Mitchell Lee Klein, Esq.
                         KLEIN LAW OFFICE
                         E-mail: swhittington@kleinandsheridan.com

In re Martin J. Baltazar
   Bankr. D. Nev. Case No. 14-16976
      Chapter 11 Petition filed October 16, 2014

In re Francis Ohio Properties, LLC
   Bankr. N.D. Ohio Case No. 14-52734
      Chapter 11 Petition filed October 16, 2014
         See http://bankrupt.com/misc/ohnb14-52734.pdf
         represented by: David A Mucklow, Esq.
                         E-mail: davidamucklow@yahoo.com

In re 831 Chestnut, LLC
   Bankr. M.D. Pa. Case No. 14-04814
      Chapter 11 Petition filed October 16, 2014
         See http://bankrupt.com/misc/pamb14-04814.pdf
         represented by: Markian R. Slobodian, Esq.
                         LAW OFFICES OF MARKIAN R. SLOBODIAN
                         E-mail: law.ms@usa.net

In re Benjamin Scott Coffey and Katy Elizabeth Coffey
   Bankr. E.D. Tenn. Case No. 14-14687
      Chapter 11 Petition filed October 16, 2014

In re Osondu Ibom
   Bankr. S.D.N.Y. Case No. 14-12915
      Chapter 11 Petition filed October 15, 2014

In re Consumer's Discount Wines and Liquors, Inc.
   Bankr. S.D.N.Y. Case No. 14-37085
      Chapter 11 Petition filed October 15, 2014
         See http://bankrupt.com/misc/nysb14-37085.pdf
         represented by: Thomas Genova, Esq.
                         GENOVA & MALIN, ATTORNEYS
                         E-mail: genmallaw@optonline.net

In re Kellee Patricia Bergendahl
   Bankr. C.D. Cal. Case No. 14-16179
      Chapter 11 Petition filed October 17, 2014

In re Ebrahim K Nakhjavani and Charlotte Nakhjavani
   Bankr. C.D. Cal. Case No. 14-16186
      Chapter 11 Petition filed October 17, 2014

In re Martha J. Castro
   Bankr. C.D. Cal. Case No. 14-14734
      Chapter 11 Petition filed October 17, 2014

In re Unghwan Choi
   Bankr. C.D. Cal. Case No. 14-29665
      Chapter 11 Petition filed October 17, 2014

In re Linda K. Campbell
   Bankr. N.D. Cal. Case No. 14-54238
      Chapter 11 Petition filed October 17, 2014

In re Steven Al Weil
   Bankr. D. Conn. Case No. 14-51591
      Chapter 11 Petition filed October 17, 2014

In re Shirley Varghese
   Bankr. S.D. Fla. Case No. 14-33166
      Chapter 11 Petition filed October 17, 2014

In re James Anthony Deal and Margaret V. Deal
   Bankr. S.D. Ga. Case No. 14-50778
      Chapter 11 Petition filed October 17, 2014

In re Robert E Mayhew
   Bankr. E.D.N.C. Case No. 14-06053
      Chapter 11 Petition filed October 17, 2014

In re Norman Edward McMahon
   Bankr. E.D. Pa. Case No. 14-18302
      Chapter 11 Petition filed October 17, 2014

In re P. John Sopensky
   Bankr. M.D. Pa. Case No. 14-04823
      Chapter 11 Petition filed October 17, 2014

In re 201-221 North 67th Street, LLC
   Bankr. M.D. Pa. Case No. 14-04828
      Chapter 11 Petition filed October 17, 2014
         See http://bankrupt.com/misc/pamb14-04828.pdf
         represented by: Markian R Slobodian, Esq.
                         LAW OFFICES OF MARKIAN R. SLOBODIAN
                         E-mail: law.ms@usa.net

In re George Thomas Bikas
   Bankr. D. S.C. Case No. 14-05912
      Chapter 11 Petition filed October 17, 2014

In re Bill V. Bill V. Way, D.O., PA, DO
        aka Dermatology Institute
   Bankr. N.D. Tex. Case No. 14-35023
      Chapter 11 Petition filed October 17, 2014
         See http://bankrupt.com/misc/txnb14-35023.pdf
         represented by: Areya Holder, Esq.
                         HOLDER LAW
                         E-mail: areya@holderlawpc.com

In re BaseNet, LLC
   Bankr. C.D. Cal. Case No. 14-14742
      Chapter 11 Petition filed October 18, 2014
         See http://bankrupt.com/misc/cacb14-14742.pdf
         represented by: John D. Faucher, Esq.
                         FAUCHER & ASSOCIATES
                         E-mail: jdf@johndfaucher.com

In re Urban Renaissance Management, LLC
   Bankr. D. Md. Case No. 14-26082
      Chapter 11 Petition filed October 19, 2014
         See http://bankrupt.com/misc/mdb14-26082.pdf
         represented by: James L. Wiggins, Esq.
                         OFFICE OF JAMES L. WIGGINS
                         E-mail: jlwigginsesq@verizon.net

In re Samuel E. Wyly
   Bankr. N.D. Tex. Case No. 14-35043
      Chapter 11 Petition filed October 19, 2014

In re Fosters Water Treatment, LLC
   Bankr. N.D. Ala. Case No. 14-71829
      Chapter 11 Petition filed October 20, 2014
         See http://bankrupt.com/misc/alnb14-71829.pdf
         represented by: Harry P. Long, Esq.
                         LAW OFFICES OF HARRY P. LONG, LLC
                         E-mail: hlonglegal@aol.com

In re Sergio Antonucci
   Bankr. C.D. Cal. Case No. 14-16213
      Chapter 11 Petition filed October 20, 2014

In re Jihad Albasha and Bouchra A Abdallah
   Bankr. N.D. Cal. Case No. 14-44232
      Chapter 11 Petition filed October 20, 2014

In re 22 Saulsbury, LLC
   Bankr. D. Del. Case No. 14-12381
      Chapter 11 Petition filed October 20, 2014
         See http://bankrupt.com/misc/deb14-12381.pdf
         represented by: Ronald S. Gellert, Esq.
                         GELLERT SCALI BUSENKELL & BROWN, LLC
                         E-mail: rgellert@gsbblaw.com

In re My Honey Enterprise, Inc.
   Bankr. M.D. Fla. Case No. 14-05164
      Chapter 11 Petition filed October 20, 2014
         See http://bankrupt.com/misc/flmb14-05164.pdf
         represented by: Taylor J. King, Esq.
                         LAW OFFICES OF MICKLER & MICKLER
                         E-mail: tjking@planlaw.com

In re Bay Fabricare Cleaners & Laundry, Inc.
   Bankr. M.D. Fla. Case No. 14-12273
      Chapter 11 Petition filed October 20, 2014
         See http://bankrupt.com/misc/flmb14-12273.pdf
         represented by: John E. Kassos, Esq.
                         JOHN E KASSOS, PA
                         E-mail: jekpa@aol.com

In re James E. Smallwood and Bobbi J. Smallwood
   Bankr. S.D. Ind. Case No. 14-92124
      Chapter 11 Petition filed October 20, 2014

In re Ciao Italian Kitchen, LLC
        fdba Ciao Italian Kitchen 2, LLC
   Bankr. D. Kans. Case No. 14-12393
      Chapter 11 Petition filed October 20, 2014
         See http://bankrupt.com/misc/ksb14-12393.pdf
         represented by: J. Michael Morris, Esq.
                         KLENDA AUSTERMAN, LLC
                         E-mail: jmmorris@klendalaw.com

In re Care Tec Specialty Nursing, LLC
   Bankr. W.D. La. Case No. 14-51308
      Chapter 11 Petition filed October 20, 2014
         See http://bankrupt.com/misc/lawb14-51308.pdf
         represented by: Thomas E. St. Germain, Esq.
                         WEINSTEIN LAW FIRM
                         E-mail: ecf@weinlaw.com

In re So. Maryland Transmissions, LLC
   Bankr. D. Md. Case No. 14-26159
      Chapter 11 Petition filed October 20, 2014
         See http://bankrupt.com/misc/mdb14-26159.pdf
         represented by: Shawn D. Bartley, Esq.
                         SHAWN D. BARTLEY AND ASSOCIATES, LLC
                         E-mail: shawn@bartley-law.com

In re Larry H. Moore and Nancy C. Moore
   Bankr. E.D. Mich. Case No. 14-56389
      Chapter 11 Petition filed October 20, 2014

In re Everardo Maca
   Bankr. D. Nev. Case No. 14-17017
      Chapter 11 Petition filed October 20, 2014

In re Specialty Vehicle Solutions, LLC
   Bankr. D.N.J. Case No. 14-31329
      Chapter 11 Petition filed October 20, 2014
         See http://bankrupt.com/misc/njb14-31329.pdf
         represented by: Laurence R. Sheller, Esq.
                         E-mail: laurence.sheller@verizon.net

In re 40 Street Baking Inc.
   Bankr. S.D.N.Y. Case No. 14-12925
      Chapter 11 Petition filed October 20, 2014
         See http://bankrupt.com/misc/nysb14-12925.pdf
         represented by: Khagendra Gharti Chhetry, Esq.
                         CHHETRY & ASSOCIATES, P.C.
                         E-mail: khunu@aol.com

In re Marcia Avery
   Bankr. S.D.N.Y. Case No. 14-37093
      Chapter 11 Petition filed October 20, 2014

In re Barbara R. Mitchell
   Bankr. E.D.N.C. Case No. 14-06101
      Chapter 11 Petition filed October 20, 2014

In re Douglas Leo Herdt
   Bankr. D. Wyo. Case No. 14-20775
      Chapter 11 Petition filed October 20, 2014

In re New Zealand Forest Products USA, LLC
   Bankr. W.D. Wash. Case No. 14-45616
      Chapter 11 Petition filed October 20, 2014
         See http://bankrupt.com/misc/wawb14-45616.pdf
         represented by: Michael P. Harris, Esq.
                         E-mail: mph4@quidnunc.net

In re Robert L. Norvell
   Bankr. M.D. Fla. Case No. 14-05180
      Chapter 11 Petition filed October 21, 2014

In re Patric Neumann
   Bankr. M.D. Fla. Case No. 14-12343
      Chapter 11 Petition filed October 21, 2014

In re Thomas J. Risalvato, CPA, as Receiver for Elvin Cor
   Bankr. N.D. Fla. Case No. 14-31153
      Chapter 11 Petition filed October 21, 2014

In re Rory O'Keith Holley, Sr.
   Bankr. E.D. La. Case No. 14-12821
      Chapter 11 Petition filed October 21, 2014

In re Gregory B. Burkhardt
   Bankr. D. Md. Case No. 14-26190
      Chapter 11 Petition filed October 21, 2014

In re Kenneth J. Smondrowski
   Bankr. D. Md. Case No. 14-26217
      Chapter 11 Petition filed October 21, 2014

In re Harold P. Cook, III
   Bankr. D.N.J. Case No. 14-31388
      Chapter 11 Petition filed October 21, 2014

In re Adrian P. George
   Bankr. D.N.J. Case No. 14-31432
      Chapter 11 Petition filed October 21, 2014

In re SIF Foods, Inc.
   Bankr. E.D.N.Y. Case No. 14-45285
      Chapter 11 Petition filed October 21, 2014
         See http://bankrupt.com/misc/nyeb14-45285.pdf
         represented by: Michael L. Hurwitz, Esq.
                         THE HURWITZ LAW FIRM, P.C.
                         E-mail: mlh@thehurwitzlawfirm.com

In re Robert Litwin
   Bankr. S.D.N.Y. Case No. 14-12933
      Chapter 11 Petition filed October 21, 2014

In re Richard J. Baldwin and Barbara A. Baldwin
   Bankr. N.D. Ohio Case No. 14-33840
      Chapter 11 Petition filed October 21, 2014

In re Jay Sandford
   Bankr. E.D. Pa. Case No. 14-18364
      Chapter 11 Petition filed October 21, 2014

In re Walter Sandford
   Bankr. E.D. Pa. Case No. 14-18365
      Chapter 11 Petition filed October 21, 2014

In re Hamid A. Munoz Mendez
   Bankr. D.P.R. Case No. 14-08642
      Chapter 11 Petition filed October 21, 2014

In re Nogal Energy, L.L.C.
   Bankr. S.D. Tex. Case No. 14-50226
      Chapter 11 Petition filed October 21, 2014
         See http://bankrupt.com/misc/txsb14-50226.pdf
         represented by: Adolfo Campero, Jr., Esq.
                         CAMPERO & ASSOCIATES, P.C.
                         E-mail: acampero@camperolaw.com

In re Triple T Coil Tubing, L.L.C.
   Bankr. S.D. Tex. Case No. 14-50227
      Chapter 11 Petition filed October 21, 2014
         See http://bankrupt.com/misc/txsb14-50227.pdf
         represented by: Adolfo Campero, Jr., Esq.
                         CAMPERO & ASSOCIATES, P.C.
                         E-mail: acampero@camperolaw.com

In re Holy Convent Christian Ministry Inc
   Bankr. E.D. Wis. Case No. 14-32987
      Chapter 11 Petition filed October 21, 2014
         See http://bankrupt.com/misc/wieb14-32987.pdf
         Filed Pro Se



                             *********

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 202-362-8552.


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