TCR_Public/141024.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Friday, October 24, 2014, Vol. 18, No. 296

                            Headlines

38 STUDIOS: Bankruptcy Trustee Wants Corso to Return Payments
ADVANCED MICRO: S&P Revises Outlook to Negative & Affirms 'B' CCR
AEMETIS INC: Union Engineering to Construct Liquid CO2 Facility
ALLEGION PUBLIC: Moody's Assigns Ba1 Corporate Family Rating
AMERICAN AIRLINES: Pilots Can't Challenge CBA Ruling, Judge Says

AMERICAN COMMERCE: Reports $98K Net Loss for Aug. 31 Quarter
AMERICAN INT'L: Trial Turns to Whether US or CEO Is in Charge
ARAMID ENTERTAINMENT: Firm Escapes $590M Movie Loan Suit
ARAMID ENTERTAINMENT: Payments to JVLs Okayed by U.S. Court
ARAMID ENTERTAINMENT: Nov. 10 Fixed as General Claims Bar Date

ARCHDIOCESE OF ST. PAUL-MINNEAPOLIS: Bankruptcy May Be Solution
ASARCO LLC: Reserve Bank of India Approves Sesa Remittance
ASSOCIATED WHOLESALERS: Gets Nod for Executive Bonus Plan
ASSOCIATED WHOLESALERS: Incentive Plan for 15 Employees Approved
ATLS ACQUISITION: Nov. 11 Auction for Most of Assets Set

ATLS ACQUISITION: Court OKs Quick Sale of LMSP Pharmacy Assets
AURA SYSTEMS: Amends Aug. 31 Quarter Report
AUXILIUM PHARMACEUTICALS: FDA Approves sBLA for XIAFLEX
BERGENFIELD SENIOR: Court Closes Chapter 11 Case; Report Okayed
BIOFUEL ENERGY: Incurs $681,000 Net Loss in Third Quarter

BLACKSANDS PETROLEUM: Establishes New 1.7MM Series C Pref. Stock
BLOCK COMMUNICATIONS: S&P Lowers Unsecured Debt Rating to 'B+'
BLUE RIBBON: Moody's Assigns B2 Corporate Family Rating
BLUEJAY PROPERTIES: Case Dismissed, to Pay Quarterly Payments
BOISE COUNTY SCHOOL: Moody's Cuts Rating on 2010 GO Bonds to Ba2

BROADWAY FINANCIAL: Issues 8.8 Million Common Shares
CHINA AUTO: Receives Nasdaq Listing Non-Compliance Notice
CHC-CHESTNUT RIDGE: Section 341(a) Meeting Set for Dec. 16
CIVIC PLAZA: Case Summary & 6 Unsecured Creditors
COMSTOCK MINING: Has $1.05-Mil. Net Loss in Third Quarter

CORINTHIAN COLLEGES: Lenders Hold Off on Defaults Amid Wind-Down
CRUNCHIES FOOD: Wants to Sell Substantially All of Assets
CUE & LOPEZ: Files First Amendment to Plan of Reorganization
CUE & LOPEZ: Oriental Bank Files Objection to Reorganization Plan
DETROIT, MI: Save Schools Instead of DIA, Says Citizen

DETROIT, MI: Residents Put City's Bankruptcy Plan on Trial
DETROIT, MI: Plan-Approval Trial to Wrap Up October 27
EDENOR S.A.: General Extraordinary Meeting Scheduled for Nov. 18
EDISON MISSION: Payouts to Holders of Beneficial Interests Set
ENERGY FUTURE: Replies to Objections to Bidding Procedures

FINJAN HOLDINGS: Markman Order Entered in Blue Coat Case
FURNITURE BRANDS: Former Plant Headed to Auction Block
GENAERA CORP: 3rd Circ. Revives Investor Suit Over Asset Sales
GARLOCK SEALING: Asbestos Liability Docs Unsealed
GENERAL MOTORS: Says Calif. Ignition-Switch Suit Belongs in MDL

GLENN POOL: Moody's Lowers Rating on Sr. Secured Notes to Ba1
GLOBAL GEOPHYSICAL: Key Employee Incentive Plan Approved
GT ADVANCED: Details of Apple Settlement Not Disclosed
GT ADVANCED: In Agreement with Apple on Sapphire Materials
HEALTHWAREHOUSE.COM INC: Shareholders Elected 4 Directors

HIDILI INDUSTRY: Faces Challenges After Debt Repurchase
INTELLICELL BIOSCIENCES: Hires Dawson to Act as Advisor
LDK SOLAR: Commences Chapter 11 & Chapter 15 Cases in U.S. Court
LEHMAN BROTHERS: Hudson City Bancorp Gets Claim Payment of $2.4MM
LIGHTSQUARED INC: GPS Groups Want Quick Dismissal of Falcone Suit

LOU PEARLMAN: Backstreet Boys Settle Bankruptcy Claims
MASON COPPELL: Plan Confirmation Hearing to Begin on Nov. 24
METALICO INC: Closes Debt Restructuring, Sees Improved Q3 Results
MIDTOWN SCOUTS: Edward L. Rothberg Notes Change of Address
MILLER AUTO PARTS: Seeks Authority to Sell Assets Free of Liens

MILLER AUTO PARTS: Creditors Committee Objects to Sale Motion
MUSCLEPHARM CORP: Chief Marketing Officer Quits
NATIONAL AIR: Files Chapter 11 Bankruptcy Petition
NATIONAL MENTOR: Moody's Raises Corporate Family Rating to B2
NATROL INC: Has Until Jan. 7 to File Notices to Remove Actions

NAUTILUS HOLDINGS: Solicitation Period Extended to Mid-January
NCL CORP: Moody's Rates New $500MM Term Loan B 'Ba2'
NCL CORP: S&P Assigns 'BB+' Rating on $500MM Term Loan B
NORTEL NETWORKS: Docs Vital To Rockstar IP Row, Time Warner Says
NYTEX ENERGY: Unit Signs $15 Million Loan Agreement

OPTIM ENERGY: Oct. 29 Hearing on Manager Incentive Plan Approval
PRIME TIME: Has Dec. 15 to Exclusivity Propose Chapter 11 Plan
RADNOR HOLDINGS: Skadden Dispute to Stay in Bankruptcy Court
RB ENERGY: TSX to De-List Shares Following CCAA Filing
REFCO PUBLIC: Plan of Liquidation Declared Effective

RESIDENTIAL CAPITAL: Takes Hit In $88M Suit vs. Capital One Unit
RESPONSE BIOMEDICAL: Signs $8.8 Million Contract With Joinstar
RYNARD PROPERTIES: Nov. 5 Hearing on Approval of Plan Outline
SAN BERNARDINO, CA: Bank Wants Plan Filed by March 1
SCOTT CABLE: IRS Wipes Out Secured Debt in Bankruptcy Case

SEARS HOLDINGS: OKs Cash Awards to Holders of Unvested Shares
SEARS METHODIST: Can Access Lender's Cash Collateral Until Jan. 4
SHILO INN: Not Close to Plan Approval After 1 Year, Says CB&T
SIGA TECHNOLOGIES: Taps Paul Weiss as Counsel in PharmAThene Case
SIGA TECHNOLOGIES: Hiring AlixPartners as Restructuring Advisors

SIGA TECHNOLOGIES: Names Kramer Levin as Corporate Counsel
SIMPLEXITY LLC: Fifth Third Defends New Bid for Ch. 7 Conversion
SONIFI SOLUTIONS: Creditors Lose Challenge to Restructuring
TRUMP ENTERTAINMENT: Levine Wants Allowance of $1.25-Mil. Claim
TRUMP ENTERTAINMENT: Files Schedules of Assets and Liabilities

US AIRWAYS: Pilots Near Settlement in Lump-Sum Pension Fight
W.R. GRACE: Reports Net Income of $74.5 Million in Third Quarter
WESTMORELAND COAL: Conference Held to Discuss Business Updates
WAVE SYSTEMS: Completes Sale of eSignSystems for $1.2 Million

* Berry Spears Enhances Locke Lord's Austin Bankruptcy Team
* CFPB Says Bankruptcy Change Could Spur Student Loan Mods
* The Deal Unveils Results of Q3 2014 Bankruptcy League Tables

* BOOK REVIEW: Landmarks in Medicine - Laity Lectures
               of the New York Academy of Medicine


                             *********


38 STUDIOS: Bankruptcy Trustee Wants Corso to Return Payments
-------------------------------------------------------------
The Associated Press reported that Jeoffrey Burtch, the trustee
appointed in 38 Studios' bankruptcy, is trying to recover payments
to Michael Corso, a lawyer related to the failed Providence video-
game company.  According to the report, the trustee filed a
complaint in U.S. Bankruptcy Court saying Corso should not have
been paid $232,800 shortly before the company collapsed because 38
Studios was insolvent when the money was paid.

38 Studios LLC, a video-game developer founded by former Boston
Red Sox pitcher Curt Schilling, filed for liquidation on June 8,
2012, without attempting to reorganize.  Although based in
Providence, Rhode Island, the company filed the Chapter 7 petition
in Delaware (Case No. 12-11743).


ADVANCED MICRO: S&P Revises Outlook to Negative & Affirms 'B' CCR
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its rating
outlook on Sunnyvale, Calif.-based Advanced Micro Devices Inc. to
negative from positive.  S&P also affirmed its 'B' corporate
credit rating on the company.  At the same time, S&P affirmed its
'B' issue-level rating and '3' recovery rating on the company's
unsecured debt.  The '3' recovery rating reflects S&P's
expectation for meaningful (50%-70%) recovery in the event of
payment default.

"The outlook revision to negative reflects AMD's recently
sharpened revenue declines, weak industry conditions and intense
competition from Intel in PC markets, and challenges to grow in
targeted enterprise, embedded, and semi-custom (EESC) product
markets to offset PC business declines," said Standard & Poor's
credit analyst John Moore.

S&P now expects revenues will decline by about 5% to 15% over
2015, with declining sales in its EESC and PC business lines, in
contrast to S&P's prior expectation for overall revenue growth.
Revenues could stabilize in 2016, with performance underpinned by
two recent semi-custom product wins, recent computing and graphics
business wins with Apple Inc., and the company's focus on EESC
markets under the leadership of Dr. Lisa Su, appointed CEO on
Oct. 8, 2014, just four months after her appointment as COO.
However, further declines are possible considering AMD's modest
share in PC markets, of about 10% to 15% unit share in desktop and
mobile units as of Sept. 30, 2014 according to Mercury estimates.

The negative outlook reflects AMD's recently sharpened revenue
declines, weak industry conditions and intense competition from
Intel in PC markets, and challenges to grow in targeted EESC
markets to offset PC business declines.  S&P expects AMD's revenue
will decline through 2015 as the company embarks on potential
growth opportunities in EESC markets in 2016 in order to mitigate
revenue declines within PC microprocessor markets and those
related to competition from Intel.

S&P could lower the rating if AMD's revenue declines significantly
below its $5 billion 2015 estimate, if EBITDA margins were to
contract significantly below S&P's 10% 2015 estimate, or growth
prospects in EESC markets do not materialize as an offset to PC
revenue declines.

S&P could stabilize the rating if AMD can grow and diversify its
EESC businesses, such that it achieves a more stable base to grow
revenues and earnings, with less cash flow volatility and free
cash flow to debt in the low- to mid-single digits or higher.


AEMETIS INC: Union Engineering to Construct Liquid CO2 Facility
---------------------------------------------------------------
Aemetis Advanced Products Keyes, Inc., a wholly-owned subsidiary
of Aemetis, Inc., entered into an agreement with Denmark-based
Union Engineering to design and construct a 300 ton per day
capacity (approximately 220 million pounds per year) liquified
carbon dioxide (CO2) facility.  The facility will liquify the
carbon dioxide produced at the Aemetis ethanol biorefinery in
Keyes, California at an expected construction cost of
approximately $15 million.

The additional operating cost of the Liquid CO2 facility will be
primarily comprised of electrical power consumption.  The Company
plans to sell the liquefied carbon dioxide to end users and
distributors primarily in the Central Valley of California.
Design and engineering work has begun, and liquid CO2 production
is expected to begin in the fourth quarter of 2015.

                            About Aemetis

Cupertino, Calif.-based Aemetis, Inc., is an international
renewable fuels and specialty chemical company focused on the
production of advanced fuels and chemicals and the acquisition,
development and commercialization of innovative technologies that
replace traditional petroleum-based products and convert first-
generation ethanol and biodiesel plants into advanced
biorefineries.

Aemetis reported a net loss of $24.43 million on $177.51 million
of revenues for the year ended Dec. 31, 2013, as compared with a
net loss of $4.28 million on $189.04 million of revenues in 2012.

The Company's balance sheet at June 30, 2014, showed $95.44
million in total assets, $96.53 million in total liabilities and a
$1.08 million total stockholders' deficit.

                         Bankruptcy Warning

The Company said in the Annual Report for the year ended Dec. 31,
2013, "The adoptions of new technologies at our ethanol and
biodiesel plants, along with working capital, are financed in part
through debt facilities.  We may need to seek additional financing
to continue or grow our operations.  However, generally
unfavourable credit market conditions may make it difficult to
obtain necessary capital or additional debt financing on
commercially viable terms or at all.  If we are unable to pay our
debt we may be forced to delay or cancel capital expenditures,
sell assets, restructure our indebtedness, seek additional
financing, or file for bankruptcy protection."


ALLEGION PUBLIC: Moody's Assigns Ba1 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service assigned a Ba1 Corporate Family Rating,
a Ba1-PD Probability of Default Rating, and a Ba1/LGD3 rating to
Allegion Public Limited Company's $1,475 million Senior Secured
Credit Facility due October 2019. The facility consists of a $500
million Revolver and $975 million Term Loan A. Allegion U.S.
Holding Company Inc.'s Senior Unsecured Notes due 2021 were
affirmed at Ba2. The rating outlook is stable.

As Moody's is rating Allegion Public Company Limited (plc) as the
new borrower under the Senior Secured Credit Facility, it is
simultaneously withdrawing the ratings for Allegion US Holding
Inc., as listed below, relating to the Term Loan A, Term Loan B
and Senior Secured Credit Facility, which will happen at the close
of the transaction.

On October 16, 2014, Allegion announced that it amended and
extended its senior credit facility. The amended facility
primarily (1) replaced and upsized the Term Loan A; (2) repaid the
outstanding Term Loan B facility in its entirety; (3) reduced
credit spreads on Term Loan A; and (4) extended the applicable
maturities to October 15, 2019.

Following is a summary of Moody's rating actions:

Allegion plc

Assigned Corporate Family Rating at Ba1;

Assigned Probability of Default Rating at Ba1-PD;

Assigned $500 million Senior Secured Revolver at Ba1 (LGD 3);

Assigned $975 million Senior Secured Term Loan A at Ba1 (LGD3);

Assigned Speculative Grade Liquidity Rating at SGL-2.

Allegion U.S. Holding Company Inc.

Affirmed $300 million Senior Unsecured Notes at Ba2 (LGD5);

Withdraw Corporate Family Rating at Ba1;

Withdraw Probability of Default Rating at Ba1-PD;

Withdraw Speculative Grade Liquidity Rating at SGL-2.

To be withdrawn $500 million Senior Secured Credit Facility at
Ba1(LGD3);

To be withdrawn $500 million Senior Secured Term Loan A and B at
Ba1(LGD3);

The rating outlook remains stable.

Ratings Rationale

The Ba1 Corporate Family Rating reflects Allegion's modest
adjusted debt leverage, ample free cash flow generation,
respectable interest coverage, and industry leading EBITDA
margins. Additionally, the Ba1 Corporate Family Rating considers
expected conservative balance sheet management. Moreover, the
rating benefits from positive industry dynamics and somewhat
diversified revenue streams by end-market as the company caters to
residential, commercial, and institutional (including government)
segments. At the same time, the rating is constrained by
Allegion's negative tangible net worth, and adjusted debt to
capitalization slightly below 100%. Also, as a newly formed
entity, the company has limited stand-alone operating history.
Furthermore, the rating is negatively impacted by Allegion's
customer concentration as Moody's believe the U.S. residential
business relies heavily on sales from big box stores.

The stable outlook is based on Moody's expectation of steady
revenue growth in the 2-4% range over the next 12-18 months,
conservative balance sheet management, and a good liquidity
profile.

Allegion is well-positioned in the Ba1 rating category and a near-
term upgrade is unlikely. However, Moody's indicated that the
ratings could be upgraded if the company continues to grow its
revenue base, market presence, as well as product offerings.
Additionally, for the ratings to be upgraded, adjusted debt to
EBITDA would have to decline and be maintained below 3.0x and free
cash flow to debt above 10%.

The ratings could be downgraded if Allegion's adjusted debt
leverage increases and is maintained above 4.0x and free cash flow
to debt declines below 7%. Additionally, deterioration in
competitive position, EBITDA margins, revenue, or liquidity could
lead to a ratings downgrade.

The principal methodology used in this rating was the Global
Manufacturing Companies methodology 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.


AMERICAN AIRLINES: Pilots Can't Challenge CBA Ruling, Judge Says
----------------------------------------------------------------
Law360 reported that a New York federal judge refused a challenge
to a bankruptcy court's approval of a collective bargaining
agreement between American Airlines and a pilots' union that
scaled back benefits, finding a group of disgruntled pilots
nearing retirement lack the standing to object.  According to the
report, U.S. District Judge Colleen McMahon said the Bankruptcy
Code establishes a central role for a union and a debtor in
insolvency proceedings, but not for disaffected groups within the
union.

                     About American Airlines

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

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

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

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

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

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

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

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

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

                          *     *     *

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

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

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

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

The TCR, on Oct. 16, 2014, reported that Moody's upgraded its
ratings assigned to the Series 2001-1 Enhanced Equipment Trust
Certificate ("2001 EETCs") of American Airlines, Inc.: A-tranche
to B2 from Caa1, B-tranche to Caa3 from Ca and C-tranche to Caa3
from Ca. Moody's also affirmed all of its other ratings assigned
to American Airlines Group Inc. ("AAG"), including the B1
Corporate Family and B1-PD Probability of Default ratings, and of
American Airlines, Inc. ("AA") and US Airways Group, Inc. and its
subsidiaries, US Airways, Inc. and America West Airlines, Inc. The
outlook is stable and the Speculative Grade Liquidity Rating of
SGL-1 is unchanged. American Airlines Group Inc. guarantees
American Airlines obligations of the 2001 EETCs.


AMERICAN COMMERCE: Reports $98K Net Loss for Aug. 31 Quarter
------------------------------------------------------------
American Commerce Solutions, Inc., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $98,468 on $474,336 of revenue for the
three months ended Aug. 31, 2014, compared to a net loss of
$17,573 on $695,174 of revenue for the same period in the prior
year.

The Company's balance sheet as of Aug. 31, 2014, showed $4.8
million in total assets, $2.99 million in total liabilities and
stockholders' deficit of $1.81 million.

The Company has incurred substantial operating losses since
inception and has used approximately $16,000 of cash in operations
for the six months ended Aug. 31, 2014.  Additionally, the Company
is in default on several notes payable.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.

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

                       http://is.gd/QfYqhP

                     About American Commerce

American Commerce Solutions, Inc., headquartered in Bartow,
Florida, is primarily a holding company with one wholly owned
subsidiary; International Machine and Welding, Inc., is engaged in
the machining and fabrication of parts used in heavy industry, and
parts sales and service for heavy construction equipment.


AMERICAN INT'L: Trial Turns to Whether US or CEO Is in Charge
-------------------------------------------------------------
Andrew Zajac and Christie Smythe, writing for Bloomberg News,
reported that former American International Group Inc. Chief
Executive Officer Edward Liddy will face a key question on the
witness stand in a trial over claims shareholders were cheated of
at least $25 billion in the insurer's bailout: was he or the
government running the show?  According to the report, with Liddy
beginning his testimony, Starr's lawyer, David Boies, has already
confronted witnesses last week with documents to bolster his case
that the government illegally took control of the company rather
than acting as a detached steward.

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

The case is Starr International Co. v. U.S., 11-cv-00779, U.S.
Court of Federal Claims (Washington).

                           About AIG

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

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


ARAMID ENTERTAINMENT: Firm Escapes $590M Movie Loan Suit
--------------------------------------------------------
Law360 reported that U.S. District Judge Peter G. Sheridan in New
Jersey dismissed a Los Angeles firm, since acquired by Venable
LLP, from a suit over $590 million in movie financing, agreeing
the absolute litigation privilege shields the firm from claims it
aided and abetted a client's fraudulent activity.  According to
the report, Judge Sheridan dismissed claims against attorney Alex
Weingarten and Weingarten Brown LLP, the Los Angeles-based
boutique firm Weingarten managed prior to Venable's acquisition in
July.  Weingarten formerly represented film financier David
Bergstein, the report related.

The case is GRANGE CONSULTING GROUP et al v. BERGSTEIN et al.,
Case No. 3:13-cv-06768 (D.N.J.).

                    About Aramid Entertainment

Aramid Entertainment Fund Limited has been engaged in the business
of providing short and medium term liquidity to producers and
distributors of film, television and other media and entertainment
content by way of loans and equity investments.

On May 7, 2014, Geoffrey Varga and Jess Shakespeare of Kinetic
Partners (Cayman) Limited were appointed under Cayman law as the
joint voluntary liquidators of AEF and two affiliates.

On June 13, 2014, the JVLs authorized AEF and two affiliates to
file for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead
Case No. 14-11802) in Manhattan on June 13, 2014.

The Debtors have tapped Reed Smith, LLP, in New York, as counsel
and Kinetic Partners (Cayman) Limited as crisis managers.

AEF estimated at least $100 million in assets and between
$10 million to $50 million in liabilities.


ARAMID ENTERTAINMENT: Payments to JVLs Okayed by U.S. Court
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
has authorized Aramid Entertainment Fund Limited, et al., to
employ and compensate Geoffrey Varga and Jess Shakespeare as joint
voluntary liquidators ("JVLs"), nunc pro tunc to the Petition
Date.

To the best of the Debtors' knowledge, the JVLs are "disinterested
persons" as that term is defined in Section 101(14) of the
Bankruptcy Code.

Additionally, the Debtors are authorized to employ and compensate
Kinetic Partners (Cayman) Limited for the necessary support
services of all other individuals supporting the JVLs in their
efforts performed prior to Nov. 1, 2014; provided, however, that
the fee cap in respect of voluntary liquidation in the engagement
letter will not be applicable to the engagements.

For periods from and after Nov. 1, 2014, only the JVLs will be
employed pursuant to the terms of the order, provided that the
JVLs may seek a further order of the Court approving employment of
a firm unaffiliated with them to provide services similar to those
performed by Kinetic until Nov. 1, 2014.

                    About Aramid Entertainment

Aramid Entertainment Fund Limited has been engaged in the business
of providing short and medium term liquidity to producers and
distributors of film, television and other media and entertainment
content by way of loans and equity investments.

On May 7, 2014, Geoffrey Varga and Jess Shakespeare of Kinetic
Partners (Cayman) Limited were appointed under Cayman law as the
joint voluntary liquidators of AEF and two affiliates.

On June 13, 2014, the JVLs authorized AEF and two affiliates to
file for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead
Case No. 14-11802) in Manhattan on June 13, 2014.

The Debtors have tapped Reed Smith, LLP, in New York, as counsel
and Kinetic Partners (Cayman) Limited as crisis managers.

AEF estimated at least $100 million in assets and between
$10 million to $50 million in liabilities.


ARAMID ENTERTAINMENT: Nov. 10 Fixed as General Claims Bar Date
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
established Nov. 10, 2014, as the deadline for any individual or
entity to file proofs of claim against Aramid Entertainment Fund
Limited, et al.

Proofs of claim filed by governmental units are due Dec. 31.

Proofs of claim must be filed electronically on the Courts Case
Management/Electronic Case File system.  Those without access to
the CM/ECF system may file their proofs of claim by mailing or
delivering the original proof of claim by hand to:

         The U.S. Bankruptcy Court
         Southern District of New York
         One Bowling Green, Room 534
         New York, NY 10004-1408

                    About Aramid Entertainment

Aramid Entertainment Fund Limited has been engaged in the business
of providing short and medium term liquidity to producers and
distributors of film, television and other media and entertainment
content by way of loans and equity investments.

On May 7, 2014, Geoffrey Varga and Jess Shakespeare of Kinetic
Partners (Cayman) Limited were appointed under Cayman law as the
joint voluntary liquidators of AEF and two affiliates.

On June 13, 2014, the JVLs authorized AEF and two affiliates to
file for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead
Case No. 14-11802) in Manhattan on June 13, 2014.

The Debtors have tapped Reed Smith, LLP, in New York, as counsel
and Kinetic Partners (Cayman) Limited as crisis managers.

AEF estimated at least $100 million in assets and between
$10 million to $50 million in liabilities.


ARCHDIOCESE OF ST. PAUL-MINNEAPOLIS: Bankruptcy May Be Solution
---------------------------------------------------------------
Kate Raddatz, writing for CBS Minnesota, reported that the
Archdiocese of St. Paul-Minneapolis, along with the Diocese of
Winona, said they were considering all options to pay for the
settlement in clergy sex abuse lawsuits, including bankruptcy.
According to the report, experts say if their insurance doesn't
step up to cover the payment of the settlement, it could be very
likely they will file for bankruptcy.


ASARCO LLC: Reserve Bank of India Approves Sesa Remittance
----------------------------------------------------------
Sesa Sterlite Limited on Oct. 22 disclosed that 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.

With the aforesaid settlement, any issues pertaining to payment of
dividend to eligible ADR holders has been resolved.

                  About Sesa Sterlite Limited

Sesa Sterlite Limited is one of the world's largest diversified
natural resources companies. Our business primarily involves
exploring, extracting and processing minerals and oil & gas.  The
Company produces oil & gas, zinc, lead, silver, copper, iron ore,
aluminium and commercial power and have a presence across India,
South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka.
Sesa Sterlite has a strong position in emerging markets with over
80% of its revenues from India, China, East Asia, Africa and the
Middle East.

Sustainability is at the core of Sesa Sterlite's strategy, with a
strong focus on health, safety and environment and on enhancing
the lives of local communities.

Sesa Sterlite is a subsidiary of Vedanta Resources plc, a London-
listed company.  Sesa Sterlite is listed on the Bombay Stock
Exchange and the National Stock Exchange in India and has ADRs
listed on the New York Stock Exchange.

                         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: Gets Nod for Executive Bonus Plan
---------------------------------------------------------
Law360 reported that U.S. Bankruptcy Judge Kevin J. Carey in
Wilmington, Del., authorized Associated Wholesalers Inc. to
implement a bonus plan that could pay executives more than
$500,000, finding the food cooperative's program was incentive-
based and modest in size.  According to the report, Judge Carey
approved AWI's recently modified plan at a hearing in Wilmington,
saying the bonus plan is appropriate since the 14 participants are
performing additional duties and the first trigger -- a completed
sale -- is not a foregone conclusion.

As previously reported by The Troubled Company Reporter, citing
Law360, the U.S. Trustee took issue with AWI's proposed bonuses,
saying the incentive plans are pay-to-stay arrangements, with one
of them compensating senior executives for simply being present
when a sale closes.  The U.S. Trustee, along with several
Teamsters unions and the Local 11 Pension, argued that AWI's sale
incentive plan and budget incentive plan -- which could cover up
to 15 of the debtors directors, managers and officers -- don't
pass muster under the Bankruptcy Code that requires the
compensation to be predicated by difficult to reach goals.

                  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.


ASSOCIATED WHOLESALERS: Incentive Plan for 15 Employees Approved
----------------------------------------------------------------
The Bankruptcy Court authorized and approved AWI Delaware, Inc.,
et al.'s incentive plan and payments for employees,
notwithstanding objections filed by certain parties.

Participants may receive incentive payments equal to a certain
percentage of their respective salaries if the Debtors close a
sale of substantially all of their assets.  Participants may also
receive incentive payments equal to a certain percentage of their
salaries if the Debtors meet or exceed certain financial
projections set forth in the DIP Budget.

Of the Debtors' 2,200 employees, only 15 insider and non-insider
managerial employees will serve as participants in the plan,
although not all participants are eligible for a sale incentive
payment.  The total proposed incentive payments will not exceed
$584,252, which is a small fraction of the Debtors' average gross
monthly payroll expenses of $10.9 million, and that payout will be
reduced if participants fail to satisfy the requirements for
earning the sale and/or budget incentive payments.

                            Objections

Certain creditors and parties-in-interest had objected to the
approval of the incentive plan.

The Local 11 Pension Fund, a creditor and party-in-interest, said
that the motion failed to explain how the incentive plan provides
any value to the estate and failed to meet the requirements of the
Bankruptcy Code.   The Local 11 Pension Fund is a multiemployer
employee pension benefit plan to which the Debtors are obligated
to make contributions pursuant to a collective bargaining
agreement with Teamsters Industrial and Allied Workers Union Local
No. 97 of New Jersey.

Teamsters Local Unions Nos. 97, 429, 641, 776, 805 and 863, also
objected to the motion, stating that the incentive plan is a
disguised retention plan for a small, select group of insider and
non-insider employees to remain in the Debtors' employ through the
closing of an already-contemplated sale of substantially all of
the Debtors' assets.  The Plan provides on average nearly $39,000
additional dollars in compensation to already highly compensated
employees for a period of 45 days for work they already perform.

Roberta A. DeAngelis, U.S. Trustee for Region 3, in her objection,
said that the Court must deny the motion because the Debtor has
failed to carry its burden under Section 503(c) of establishing
that the Plans are incentivizing.

The Teamsters are represented by:

         Susan E. Kaufman, Esq.
         COOCH AND TAYLOR, P.A.
         The Brandywine Building
         1000 West Street, 10th Floor
         P.O. Box 1680
         Wilmington, DE 19899
         Tel: (302) 984-3820
         Fax: (302) 984-3939
         E-mail: skaufman@coochtaylor.com

                  - and ?

         Frederick Perillo, Esq.
         Sara J. Geenen, Esq.
         THE PREVIANT LAW FIRM, S.C.
         1555 North River Center Drive, Suite 202
         Milwaukee, WI 53212
         Tel: (414) 271-4500
         Fax: (414) 271-6308
         E-mails: fp@previant.com
                  sjg@previant.com

Local 11 Pension Fund is represented by:

         Kathleen M. Miller, Esq.
         SMITH KATZENSTEIN JENKINS LLP
         800 Delaware Avenue
         Wilmington, DE 19801
         Tel: (302) 652-8400
         E-mail: kmiller@skjlaw.com

         David R. Hock, Esq.
         COHEN, WEISS AND SIMON LLP
         330 West 42nd Street
         New York, NY 10036-6976
         Tel: (212) 563-4100
         Fax: (212) 695-5436

                  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.

The Official Committee of Unsecured Creditors tapped to retain
Hahn & Hessen LLP as its lead counsel; Pepper Hamilton LLP as its
co-counsel; and Capstone Advisory Group, LLC, together with its
wholly-owned subsidiary Capstone Valuation Services, LLC, as its
financial advisors.


ATLS ACQUISITION: Nov. 11 Auction for Most of Assets Set
--------------------------------------------------------
ATLS Acquisition LLC, f/k/a Liberty Medical Supply Inc., won
bankruptcy court approval to launch a sale process where an entity
named Liberty Medical Operations Inc. will purchase substantially
all of the assets for $46.5 million, absent higher and better
offers in an auction.

Liberty Medical Operations has agreed to serve as stalking horse
bidder, with a deal to buy the assets for $13 million cash and
assumed liabilities of $33.5 million, unless outbid at the
auction.  The stalking bidder will purchase all of the assets
except the Debtors' home-delivery pharmacy business line called
LMSP Pharmacy, which it intends to sell in a separate transaction.

Judge Peter J. Walsh approved bid protections in favor of the
stalking horse.  In the event the Debtors sell the assets to
another party, the Debtors will pay a breakup fee of $1,395,000
and an expense reimbursement not to exceed $500,000 for actual and
necessary costs.

Judge Walsh has approved bid procedures that provide for this
timeline:

   -- The Debtors will serve a list of contracts to be assumed and
assigned to the stalking horse, and contract counterparties have
until Nov. 6 at 4:00 p.m. (Eastern Daylight Time) to object to the
assumption and the proposed cure amounts;

   -- Any objections to the sale of the assets will be due Nov. 6,
2014 at 4:00 p.m. (Prevailing Eastern Time);

   -- Competing bids are due Nov. 7 at 5:00 p.m. (prevailing
Eastern Time);

   -- The Debtors will evaluate the bids and no later than Nov.
10, 2014 at 12:00 p.m. (prevailing Eastern Time), the Debtors will
notify all qualified bidders whether the auction will occur;

   -- In the event that the Debtors receive one or more qualified
bids other than the stalking horse purchaser's bid by the bid
deadline, an auction will commence Nov. 11, 2014, at 10:00 a.m.
(Prevailing Eastern Time).

   -- A sale approval hearing regarding the acceptance of the
successful bid(s) and backup bid(s) will be held Nov. 13 at 2:00
p.m. (Prevailing Eastern Time).

The deal with the stalking horse requires a quick sale process.
The closing must occur by Dec. 15, 2014.  In addition, the
Stalking Horse Purchaser may terminate the purchase agreement if
(i) no Bid Procedures Order has been entered by the Bankruptcy
Court by Oct. 9; (ii) the Bid Procedures Order entered by the
Bankruptcy Court sets a deadline for submission of bids for later
than Nov. 7; (iii) the Auction has not been held by Nov. 11; or
(iv) the Sale Order has not been entered by Nov. 14.

                      About Liberty Medical

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

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

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

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

                           *     *     *

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


ATLS ACQUISITION: Court OKs Quick Sale of LMSP Pharmacy Assets
--------------------------------------------------------------
Judge Peter J. Walsh has approved ATLS Acquisition, LLC, et al.'s
proposed procedures for the prompt sale of the assets related to
their mail order supply pharmacy.

As reported in the Oct. 6 edition of the TCR, the Debtors have
asked Raymond James & Associates, Inc. to assist them with
pursuing a sale of the LMSP Pharmacy Assets.  To the extent they
are not able to identify a party interested in purchasing the LMSP
Pharmacy Assets, the Debtors say they intend to wind-down the LMSP
Pharmacy prior to December 3, 2014.

The LMSP Pharmacy is an identifiable segment of the Debtors'
business that involves the Debtors providing front-end pharmacy
services.  The Debtors' ability to maintain the LMSP Pharmacy is
dependent upon the Contracted Pharmacy Services Agreement by and
between Medco Health Solutions, Inc. and Liberty Healthcare Group,
Inc. and the Subscription Services Agreement by and between Medco
and Liberty Healthcare pursuant to which Medco provides certain
services related to the LMSP Pharmacy, including the fulfillment
of mail order prescriptions.

The Pharmacy Contract expires on Dec. 3, 2014.  The Debtors
approached Medco about extending the Pharmacy Contract but Medco
is unwilling to extend the Pharmacy Contract in the absence of a
settlement of all pending issues between the Debtors and Medco.
The Debtors also considered entering into a replacement contract
with a third-party but the cost and time necessary to migrate the
LMSP Pharmacy to a third-party was prohibitive.

As a result of the pending expiration of the Pharmacy Contract,
the Debtors determined that they would need to begin winding down
the LMSP Pharmacy in the near future.  Prior to winding down the
LMSP Pharmacy, however, the Debtors made the decision to test the
market to determine whether a buyer could be found for the assets
related to the LMSP Pharmacy.

The Debtors, with the assistance of Raymond James, have identified
several potential interested parties for the LMSP Pharmacy Assets
and developed a teaser to provide to potentially interested
parties.  If the Debtors are unsuccessful in selling the LMSP
Pharmacy Assets, the Debtors intend to wind-down the LMSP Pharmacy
prior to Dec. 3, 2014.  The Debtors do not intend to market the
LMSP Pharmacy Assets past Nov. 28.

The Debtors proposed these procedures for the sale of the LMSP
Pharmacy Assets:

   (1) The Debtors would file and serve a notice, which will
       contain the material terms of the sale, including the
       identity of the buyer, the purchase price, and any other
       material provisions of the proposed sale, to:

       * the United States Trustee;

       * counsel to the Official Committee of Unsecured
         Creditors;

       * any known party that the Debtors reasonably believe
         could claim an interest in the property associated with
         the LMSP Pharmacy; and

       * all parties that have requested special notice;

   (2) The Notice Parties would have 10 business days from the
       date on which the Notice is filed and served to serve an
       objection to the proposed transaction.  If no written
       objection is received by the deadline, the Debtors would
       be authorized to consummate the proposed sale transaction;
       and

   (3) If a Notice Party properly and timely serves an objection
       to the Notice, the Debtors and the objecting Notice Party
       would use good faith efforts to resolve the objection.  If
       the Debtors and the objecting Notice Party are unable to
       achieve a consensual resolution, the Debtors would not
       proceed with the proposed transaction pursuant to these
       procedures, but would be permitted to seek Court approval
       of the proposed transaction upon expedited notice, subject
       to the Court's availability.

                      About Liberty Medical

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

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

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

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

                           *     *     *

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


AURA SYSTEMS: Amends Aug. 31 Quarter Report
-------------------------------------------
Aura Systems, Inc., filed with the U.S. Securities and Exchange
Commission an amendment to its quarterly report on Form 10-Q for
the quarter ended Aug. 31, 2014.  A copy of the Form 10-Q/A is
available at http://is.gd/SM56Tx

In the report, the Debtor disclosed a net loss of $4.1 million on
$510,550 of net revenues for the three months ended Aug. 31, 2014,
compared with a net loss of $3.73 million on $615,389 of net
revenues for the same period in 2013.

The Company's balance sheet as of Aug. 31, 2014, showed $1.45
million in total assets, $35.07 million in total liabilities and
$33.62 million in total stockholders' deficit.

During the six months ended Aug. 31, 2014 and Aug. 31, 2013, the
Company incurred losses of $8.11 million and $6.71 million,
respectively and had negative cash flows from operating activities
of $3.51 million and $3.92 million, respectively.  If the Company
is unable to generate profits and is unable to continue to obtain
financing for its working capital requirements, it may have to
curtail its business sharply or cease business altogether.
Substantial additional capital resources will be required to fund
continuing expenditures related to our research, development,
manufacturing and business development activities.  Its
independent auditors, in their report on the Company's financial
statements for the year ended Feb. 28, 2014 expressed substantial
doubt about the Company's ability to continue as a going concern.

                       About Aura Systems

El Segundo, Calif.-based Aura Systems, Inc., designs, assembles
and sells the AuraGen(R), its patented mobile power generator that
uses a prime mover such as the engine of a vehicle to generate
power.

Aura Systems incurred a net loss of $13.95 million for the year
ended Feb. 28, 2014, as compared with a net loss of $15.14 million
for the year ended Feb. 28, 2013.

Kabani & Company, Inc., in Los Angeles, California, 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 historically incurred
substantial losses from operations, and may not have sufficient
working capital or outside financing available to meet its planned
operating activities over the next twelve months.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


AUXILIUM PHARMACEUTICALS: FDA Approves sBLA for XIAFLEX
-------------------------------------------------------
Auxilium Pharmaceuticals, Inc., announced that the U.S. Food and
Drug Administration has approved a supplemental Biologics
Application for XIAFLEX(R) (collagenase clostridium histolyticum
or CCH) for the treatment of up to two Dupuytren's contracture
(DC) joints in the same hand during a single treatment visit.

XIAFLEX is a biologic approved in the U.S., EU, Canada and
Australia for the treatment of adult DC patients with a palpable
cord.  DC is a progressive hand disease that can present with
multiple collagen "cords" that limit finger joint movement and
result in ~70,000 procedures to treat affected patients every
year(1).  It is estimated that 35 to 40 percent of annual U.S
surgical procedures to treat DC have been performed to treat at
least two DC joints at a time(2).

"In my opinion, XIAFLEX provides an effective non-surgical option
for treating DC patients with two affected joints concurrently in
one office visit," said Gary M. Pess, M.D., an orthopedic hand
surgeon with Central Jersey Hand Surgery.  "In my practice, the
expanded labeling will also allow flexibility in the scheduling
process due to the ability to delay the finger manipulation
procedure from 24 to up to 72 hours, which may be more convenient
for patients."

The sBLA was based on positive results from the global,
multicenter Phase 3b MULTICORD (Multiple Treatment Investigation
of Collagenase Optimizing the Resolution of Dupuytren's) trial,
together with data from Auxilium's earlier studies (AUX-CC-861 and
AUX-CC-864).  The MULTICORD study also examined efficacy and
safety of the finger extension procedure at 24, 48 or 72 hours
post injection.  In Phase 3b clinical trials, two concurrent
XIAFLEX injections were safely used in the treatment of one hand
with multiple affected joints.

"We are pleased with the FDA approval of the sBLA for a labeling
expansion for XIAFLEX for the treatment of two Dupuytren's joints
in the same hand concurrently and the ability to perform the
finger extension procedure approximately 24 to 72 hours after
injection," said Adrian Adams, chief executive officer and
president of Auxilium Pharmaceuticals.  "We believe this marks an
important milestone for patients and physicians as it expands
their options for treating two joints concurrently in one office
procedure, which may result in less overall treatment time."

Auxilium has also worked with the FDA to modify the XIAFLEX REMS
to communicate a change to the wording of the contraindication in
patients with a history of hypersensitivity to XIAFLEX or other
collagenase and to add information related to the risk of skin
lacerations in the treated finger or hand of patients with
Dupuytren's contracture.

                           About Auxilium

Auxilium Pharmaceuticals, Inc. -- http://www.Auxilium.com/-- is a
fully integrated specialty biopharmaceutical company with a focus
on developing and commercializing innovative products for
specialist audiences.  With a broad range of first- and second-
line products across multiple indications, Auxilium is an emerging
leader in the men's healthcare area and has strategically expanded
its product portfolio and pipeline in orthopedics, dermatology and
other therapeutic areas.

Auxilium now has a broad portfolio of 12 approved products.  Among
other products in the U.S., Auxilium markets edex(R) (alprostadil
for injection), an injectable treatment for erectile dysfunction,
Osbon ErecAid(R), the leading device for aiding erectile
dysfunction, STENDRATM (avanafil), an oral erectile dysfunction
therapy, Testim(R) (testosterone gel) for the topical treatment of
hypogonadism, TESTOPEL(R) (testosterone pellets) a long-acting
implantable testosterone replacement therapy, XIAFLEX(R)
(collagenase clostridium histolyticum or CCH) for the treatment of
Peyronie's disease and XIAFLEX for the treatment of Dupuytren's
contracture.

The Company also has programs in Phase 2 clinical development for
the treatment of Frozen Shoulder syndrome and cellulite.

The Company's balance sheet at June 30, 2014, showed $1.11 billion
in total assets, $935.82 million in total liabilities and $179.40
million in total stockholders' equity.

                           *     *     *

As reported by the TCR on May 7, 2014, Moody's Investors Service
downgraded the ratings of Auxilium Pharmaceuticals, Inc.,
including the Corporate Family Rating to B3 from B2.  "The
downgrade reflects Moody's expectations that declines in Testim,
Auxilium's testosterone gel, will materially reduce EBITDA
in 2014, resulting in negative free cash flow, a weakening
liquidity profile, and extremely high debt/EBITDA," said Moody's
Senior Vice President Michael Levesque.

The TCR reported on Sept. 23, 2014, that Standard & Poor's Ratings
Services raised its corporate credit rating on Auxilium
Pharmaceuticals Inc. to 'CCC+' following the announced
restructuring program and a $50 million add-on to its existing
first-lien term loan.


BERGENFIELD SENIOR: Court Closes Chapter 11 Case; Report Okayed
---------------------------------------------------------------
The Bankruptcy Court approved Villa Rotonda Apartments, LLC,
formerly known as and also known as Bergenfield Senior Housing,
LLC's report of distributions and closing bankruptcy case.

The Court on Sept. 29 also ordered that the Debtor will bring all
operating reports and payment of any outstanding statutory fees
current within 30 days of entry of the order.

                 About Bergenfield Senior Housing

Bergenfield Senior Housing, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. D.N.J. Case No. 13-19703) in Newark, New Jersey,
on May 2, 2013.  Nicholas Rotonda signed the petition as
member/manager.

Aaron Solomon Applebaum, Esq., and Barry D. Kleban, Esq., at
McElroy, Deutsch, Mulvaney & Carpenter, LLP, represent the Debtor
as counsel.

In its schedules, the Debtor disclosed $14,061,100 in assets and
$19,957,026 in liabilities as of the Petition Date.

The Bergenfield, New Jersey-based debtor is a single asset real
estate under 11 U.S.C. Sec. 101(51B) and said total assets and
debts exceed $10 million.  The Debtor operates and wholly owns a
90-unit residential apartment building located at 47 Legion Drive,
Bergenfield, New Jersey.

The Debtor's primary secured creditor is Boiling Springs Savings
Bank.  The Debtor is indebted to Boiling Springs on account of two
promissory notes, both of which are secured by mortgages on the
Property.  Boiling Springs' first-position mortgage secures
indebtedness in the total amount of $12.02 million and the second-
position mortgage secures indebtedness of $575,000.

Judge Donald H. Steckroth oversees the case, taking over from
Judge Morris Stern, who passed away in February 2014.

The Bankruptcy Court, according to Bergenfield Senior Housing's
case docket, on Jan. 23, 2014, confirmed the Debtor's Second
Amended Plan of Liquidation dated Dec. 12, 2013.  The purpose of
the Plan is to liquidate, collect and maximize the cash value of
the assets of the Debtor and make distributions on account of
allowed claims against the Debtor's estate.  The Plan is premised
on the satisfaction of Claims through distribution of the proceeds
raised from the sale and liquidation of the Debtor's assets,
claims and causes of action.


BIOFUEL ENERGY: Incurs $681,000 Net Loss in Third Quarter
---------------------------------------------------------
Biofuel Energy Corp. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $681,000 on $11,000 of revenues for the three months ended
Sept. 30, 2014, compared to a net loss of $5.12 on $0 of revenues
for the same period in 2013.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of $4.29 million on $167,000 of revenues compared to a
net loss of $15.19 million on $0 of revenues for the same period
in 2013.

The Company's balance sheet at Sept. 30, 2014, the Company had
$8.83 million in total assets, $2.07 million in total liabilities,
all current, and $6.75 million in total equity.

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

                         http://is.gd/9vmY4R

                        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.


BLACKSANDS PETROLEUM: Establishes New 1.7MM Series C Pref. Stock
----------------------------------------------------------------
The Board of Directors of Blacksands Petroleum, Inc., approved the
filing of a Certificate of Designation of Preferences, Rights and
Privileges of Series C Convertible Preferred Stock, which was
filed with and accepted by the Secretary of State of the State of
Nevada on Oct. 16, 2014, according to a regulatory filing with the
U.S. Securities and Exchange Commission.  Pursuant to the
Certificate of Designation, the Company established a new series
of 1,750,000 shares of the Series C Convertible Preferred Stock.

On Oct. 16, 2014, the Company entered into a subscription
agreement with Silver BF Ventures SDN BHD, a company incorporated
in Malaysia, whereby the Company issued to Silver BF 1,000,000
shares of Series C Preferred Stock at a purchase price of $1.00
per share.  The Series C Preferred Stock was issued in reliance on
the exemption from registration provided by Regulation S as
promulgated under the Securities Act of 1933, as amended.

Each share of Series C Preferred Stock has a stated value of $1.00
and accrues a dividend of 3% of the Stated Value per annum, which
is payable in additional shares of Series C Preferred Stock
annually on December 31, in arrears, and beginning on Dec. 31,
2014.  Each share of Series C Preferred Stock may be converted at
any time on or before June 30, 2017, into such number of shares of
the Company's common stock equal to the Stated Value divided by
$1.00 per share.  The Company has the right, at any time after
June 30, 2017, to redeem the shares of Series C Preferred Stock,
either in whole or in part, at the price of $1.00 per share. There
are no voting rights underlying the Series C Preferred Stock.

                     About Blacksands Petroleum

Blacksands Petroleum, Inc., is engaged in the exploration,
development, exploitation and production of oil and natural gas.
The Company focuses on the acquisition and development of
conventional and unconventional oil and gas fields in North
America.

The Company's balance sheet at July 31, 2014, showed $4.99 million
in total assets, $10.58 million in total liabilities and a
stockholders' deficit of $5.59 million.

"[T]he Company has incurred an accumulated deficit of $31,163,719
through July 31, 2014.  In addition, at July 31, 2014, the Company
had a working capital deficit of $3,620,277, a stockholders'
deficit of $5,585,789 and cash and cash equivalents of $719,586.

"The current rate of cash usage raises substantial doubt about the
Company's ability to continue as a going concern, absent the
raising of additional capital, restructuring or extending the
terms on its current debt and/or additional significant revenue
from new oil production," the Company stated in its quarterly
report for the period ended July 31, 2014.


BLOCK COMMUNICATIONS: S&P Lowers Unsecured Debt Rating to 'B+'
--------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'BB-'
corporate credit rating on Toledo, Ohio-based diversified
telecommunications and media provider Block Communications Inc.
The outlook is stable.

S&P also assigned a 'BB+' issue level rating to Block's secured
debt, comprised of its proposed $225 million term loan B due 2021
and its $100 million revolver due 2016.  The recovery rating on
those credit facilities is '1', indicating S&P's expectation for
very high (90% to 100%) recovery for secured lenders.  As a result
of the increase in secured debt, S&P lowered the rating on Block's
$250 million of unsecured notes due 2020 to 'B+' from 'BB-',
reflecting lessened recovery prospects.  Specifically, S&P revised
the recovery rating on those notes to '5', indicating its
expectation for modest (in the lower half of the 10% to 30% range)
recovery for the unsecured note holders, from '4'.

"The affirmation of the corporate credit rating on Block
Communications Inc. acknowledges that the financing of the two
acquisitions, which are expected to close in 2014, will increase
leverage only modestly," said Standard & Poor's credit analyst
Richard Siderman.

Operating cost savings at Block's two newspapers and an earlier
union concession that reduced some retiree benefits, mitigate some
of the impact of the acquisition-related debt on financial
metrics.  As a result, S&P expects leverage with its adjustments,
pro forma for the acquisitions and the newspaper cost savings, to
be in the low to mid-4.5x area in 2015.  That is only modestly
higher than S&P's prior expectation of leverage in the 4x area in
2015 and remains consistent with S&P's view of an "aggressive"
financial risk profile.  The downgrade of Block's $250 million of
unsecured notes by one notch to 'B+' reflects the lower recovery
prospects as a result of the acquisition-related secured debt
incurrence.

The stable outlook reflects a measure of revenue visibility from
the subscription-based business model of Block's cable segment,
which generates the bulk of consolidated EBITDA.  S&P's base-case
scenario incorporates its expectation for moderation of the
elevated rate of cable customer erosion experienced in the first
half of 2014.

S&P could lower its ratings if the high rate of cable customer
losses experienced in the first half of 2014 during a
retransmission dispute does not moderate toward a mid-single digit
percentage annual decline in video customers.  Continued elevated
customer erosion at the legacy cable properties that led to
leverage in excess of 5x would result in a rating downgrade.

Block will approximately double its reported debt to fund its CLEC
and cable acquisitions in 2014.  The legacy Ohio cable properties
face maturity and intense competition, and the new cable
properties will need to be integrated and remarketed.  As a
result, S&P thinks it is unlikely that, in 2015, Block can reduce
debt leverage to below the 4x level that would warrant
consideration of a rating upgrade.


BLUE RIBBON: Moody's Assigns B2 Corporate Family Rating
-------------------------------------------------------
Moody's Investors Service assigned first time ratings to Blue
Ribbon, LLC ("Blue Ribbon"), including a B2 Corporate Family
Rating (CFR) and a B2-PD Probability of Default Rating (PDR).
Concurrently, Moody's rated Blue Ribbon's 7-year, $395 million
senior secured 1st lien term loan and $75 million revolving credit
facility expiring in 2019 at B1, and the 8-year $130 million
senior secured 2nd lien term loan at Caa1. Proceeds from the term
loans will be used to fund the acquisition of Blue Ribbon by a
consortium of investors that consists of the Great American
Brewing Company and TSG Consumer Partners. The outlook is stable.

The following ratings were assigned:

Corporate Family Rating at B2

Probability of Default rating at B2-PD

Rating on proposed revolving credit facility at B1 (LGD-3)

Rating on proposed 1st lien term loan at B1 (LGD-3)

Rating on proposed 2nd lien term loan at Caa1 ( LGD-5)

Outlook: Stable

Ratings Rationale

Blue Ribbon's B2 Corporate Family Rating reflects its high
financial leverage of mid 6 times debt/EBITDA post-acquisition,
its heavy reliance on its largest brand, Pabst Blue Ribbon, which
now accounts for more than half of net sales and has recently seen
slowing growth, and declining volume trends in a number of its
other brands due, in part to SKU rationalization activities. While
operating margins have improved to the low teens from high single
digits in recent years, they are still thin relative to larger
beer producers due to the company's asset light business model and
portfolio mix. Blue Ribbon also has more concentration in the U.S.
market and small scale compared to other beer companies and to
other beverage companies in general. The rating is supported by
its well-known, iconic brands, the strong market position of its
largest brand in the sub-premium segment, minimal need for working
capital and capital investment, and good cash flow.

The stable rating outlook reflects Moody's expectation of modest
revenue growth and good cash flow under new ownership that will
support higher post transaction interest expense and allow for
some debt repayment. Moody's also assumes that the company will
not pay out cash to shareholders until leverage is significantly
reduced.

The rating could be upgraded if the company continues to generate
good and predictable cash flows, successfully executes its growth
strategies to support sustained top line and operating profit
expansion, improves its scale and diversification and reduces
leverage. An upgrade would also require that leverage levels are
reduced such that debt to EBITDA approaches 5.5 times and that
large shareholder distribution are not contemplated until leverage
falls below 4 times.

The rating could be downgraded if operating performance weakens
such that EBIT/interest approaches 1 times, debt/EBITDA is
sustained above 6.5 times, free cash flow becomes negative or
overall liquidity weakens. In addition, leveraged acquisitions, or
leveraging transactions including substantial dividend
distributions could also lead to a downgrade.

The principal methodology used in this rating was Global Alcoholic
Beverage Industry published in October 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.

Headquartered in Los Angeles, California, Blue Ribbon, LLC (parent
company of Pabst Brewing Company) is the largest independent
brewer in the US, though well behind market leaders in scale, with
a portfolio of iconic American beer brands. Major brands in the
company's portfolio include Pabst Blue Ribbon, Lone Star, Rainier,
Old Milwaukee, Colt 45 and Schlitz. The company will be owned by a
consortium of investors which consists of the Great American
Brewing Company (owned by beer industry entrepreneur Eugene
Kashper, an American) and TSG Consumer Partners, a US-based
strategic equity firm focused on branded consumer products and
services.


BLUEJAY PROPERTIES: Case Dismissed, to Pay Quarterly Payments
-------------------------------------------------------------
The Bankruptcy Court dismissed the Chapter 11 case of Bluejay
Properties, LLC.  No objections were filed against the Debtor's
motion.

The Debtor agreed to pay all due and owing quarterly payments to
the U.S. Trustee up to and including the day of dismissal of the
case, and monthly reports as the U.S. Trustee may direct.

As reported in the Troubled Company Reporter on Aug. 29, 2014, the
Debtor said that it has completed the auction sale of its
apartment complex and related property to the winning bidder,
Bankers Bank of Kansas (BBOK) via a credit bid.  A transfer of the
property is substantially complete, the Debtor related.  Since the
matter was a single asset real estate case, the sale process has
essentially resulted in the disposition of that sole real estate
asset, the Debtor related.

The sale, free and clear of liens, has resulted in the
satisfaction of the claim of BBOK and the secured claim of
University National Bank, the Debtor narrates.  The Debtor sold
not only the real property, but all accounts, contract rights and
other personal property comprising of the secured property of
these creditors.  In addition, this resolves any issues of the
claimed constructive trust by Kaw Valley Bank (KVB) over said
property, said the Debtor.

The remaining creditors in the case have also either had their
claims satisfied or resolved by the action, the Debtor adds.  The
claim of unsecured creditor Steven H. Mustoe has been assigned to
BBOK and resolved by the sale.  The sale, the Debtor adds,
resolved all ownership claims and interest in the property by
various third-party creditors.  The only parties remaining were
the various sub-participants on the loan to BBOK, and those claims
are resolved with the sale of the property to BBOK, the Debtor
relates.

"As a result, there are no significant assets in the Estate, nor
are there unsecured creditors to seek further benefit from
continuation of the case," the Debtor avers.

The Debtor asserted that cause exists in the case as there are
limited benefits to any creditor continuing the reorganization,
and considering the lack of assets of the Debtor the continuation
of this case would be pointless.  "Thus, it is in the best
interest of the parties to dismiss the case."

Since filing for bankruptcy on Sept. 28, 2012, the Debtor has not
submitted a plan or disclosure statement.

                       About Bluejay Properties

Based in Junction City, Kansas, Bluejay Properties, LLC, doing
business as Quinton Point, filed a bare-bones Chapter 11 petition
(Bankr. D. Kan. Case No. 12-22680) in Kansas City on Sept. 28,
2012.  Bankruptcy Judge Robert D. Berger presides over the case.
Todd A. Luckman, Esq., and Kathryn E. Sheedy, Esq., at Stumbo
Hanson LLP, in Topeka.

The Debtor owns the Quinton Point Apartment Complex in Kansas City
valued at $17 million.  The Debtor scheduled liabilities of
$13,112,325.  The petition was signed by Michael L. Thomas of TICC
Prop., managing member.

Bankers' Bank of Kansas, owed approximately $13.08 million, is
represented by Arthur S. Chalmers of Hite, Fanning & Honeyman,
LLP.  The University National Bank, owed approximately
$1.2 million, is represented by Edward J. Nazar of Redmond &
Nazar, L.L.P., and Todd Thompson of Thompson Ramsdell & Qualseth,
P.A.

There has been no official committee of unsecured creditors
appointed in the case.


BOISE COUNTY SCHOOL: Moody's Cuts Rating on 2010 GO Bonds to Ba2
----------------------------------------------------------------
Moody's Investors Service downgrades to Ba2 from Ba1 the rating on
Boise County School District No. 73 (Horseshoe Bend), ID's General
Obligation Bonds Series 2010. The long term rating carries a
stable outlook. The bonds are secured by the district's full
faith, credit and unlimited property tax pledge, and also backed
by the Idaho School Bond Guaranty Program, which maintains a Aaa
rating.

Ratings Rationale

The downgrade to Ba2 primarily reflects the district's still
stressed financial operations, lack of liquidity and vulnerable
operating position given a small and declining student base. The
district's new management team noted progress is being made,
particularly in the current fiscal year (2015), but Moody's
believe the district is still at least two years away from
eliminating its negative fund balance position. The rating also
reflects a small tax base and below average wealth indices.

Strengths

-- New management team

-- Recently received voter approval of a two-year supplemental
    tax levy

CHALLENGES

-- Negative General Fund balance and no liquidity due to a trend
    of unbalanced financial operations

-- Extremely limited financial flexibility to manage future
    revenue declines and/or expenditure increases

-- Exceptionally small and concentrated tax base

What Could Make The Rating Go UP

-- Substantial and sustainable improvement in reserves and
    liquidity

-- Significant and sustained increases in assessed valuation

What Could Make The Rating Go DOWN

-- Further weakening of the district's financial position

-- Prolonged assessed value contractions

The principal methodology used in this rating was US Local
Government General Obligation Debt published in January 2014.


BROADWAY FINANCIAL: Issues 8.8 Million Common Shares
----------------------------------------------------
Broadway Financial Corporation entered into separate Subscription
Agreements with Gapstow Financial Growth Capital Fund I LP, an
affiliate of Gapstow Capital Partners, and 23 other investors not
affiliated with Gapstow Financial providing for the sale of Common
Stock at a price of $1.10 per share.  The Company sold an
aggregate of 8,829,549 shares of Common Stock to the investors in
the Subscription Offering, including 6,973,320 shares of Non-
Voting Common Stock sold to two investors.  Gapstow Financial
purchased 194,316 shares of Voting Common Stock and 6,169,320
shares of Non-Voting Common Stock.  National Community Investment
Fund purchased 96,000 shares of Voting Common Stock and 804,000
shares of Non-Voting Common Stock.

                     First Supplemental Indenture

The Company also entered into debenture modification transactions
in connection with the restructuring of the Company's Floating
Rate Junior Subordinate Debentures due March 17, 2014, as
contemplated in the previously reported announcement that the
holders of the senior securities of the trust that holds the
Debentures approved the Company's proposal to extend the maturity
of the Debentures and make certain modifications to the terms of
the Debentures.

The specific terms and conditions of the Debenture Extension are
set forth in the First Supplemental Indenture, dated and entered
into as of Oct. 16, 2014, by the Company and U.S. Bank National
Association, as Debenture Trustee, which amended the Indenture,
dated and entered into by the same parties as of March 17, 2004,
pursuant to which the Debentures were originally issued.  The
Supplemental Indenture provided that upon the satisfaction of
certain conditions precedent specified therein, the maturity of
the Debentures would be extended to March 17, 2024, and the
principal of the Debentures will be required to be repaid in equal
quarterly payments of principal, together with accrued interest,
commencing June 17, 2019, and ending on March 24, 2024, provided
that the Company's obligations to make such payments will be
conditioned on receipt of any then-required regulatory approval or
non-objection.

The Supplemental Indenture provided that the Debenture Extension
would only become effective upon satisfaction of certain
conditions precedent, all of which were satisfied upon completion
of the transactions described herein on Oct. 16, 2014.  The
conditions precedent included the consent of the holders of all
outstanding Debentures, obtaining approval for or non-objection to
the transactions contemplated by the Supplemental Indenture from
the Federal Reserve Board and from the Company's senior lender,
completion of sales of common stock resulting in gross proceeds to
the Company of at least $6 million, paying $900,000 in partial
redemption of the principal amount of the Debentures (leaving a
remaining principal amount of $5.1 million), payment of all
interest on the Debentures accrued to the effective date of the
Debenture Extension and certain other customary conditions.  In
addition, the Company was required, pursuant to a separate
agreement with its senior lender, to use 25% of the net proceeds
of its stock sales to repay a portion of the Company's outstanding
loan from the senior lender, which loan was in default.  The
Company elected to repay that loan and accrued interest thereon in
full.

A copy of the Form 8-K filing is available for free at:

                        http://is.gd/g6Q9t7

                     About Broadway Financial

Los Angeles, Calif.-based Broadway Financial Corporation was
incorporated under Delaware law in 1995 for the purpose of
acquiring and holding all of the outstanding capital stock of
Broadway Federal Savings and Loan Association as part of the
Bank's conversion from a federally chartered mutual savings
association to a federally chartered stock savings bank.  In
connection with the conversion, the Bank's name was changed to
Broadway Federal Bank, f.s.b.  The conversion was completed, and
the Bank became a wholly owned subsidiary of the Company, in
January 1996.

The Company is regulated by the Board of Governors of the Federal
Reserve System.  The Bank is regulated by the Office of the
Comptroller of the Currency and the Federal Deposit Insurance
Corporation.

Broadway Financial reported a loss allocable to common
stockholders of $1.08 million in 2013, a loss allocable to common
stockholders of $693,000 in 2012 and a net loss available to
common shareholders of $15.36 million in 2011.

The Company's balance sheet at March 31, 2014, the Company had
$335.07 million in total assets, $308.51 million in total
liabilities and $26.56 million in total stockholders' equity.


CHINA AUTO: Receives Nasdaq Listing Non-Compliance Notice
---------------------------------------------------------
China Auto Logistics Inc., a top seller in China of luxury
imported automobiles and a provider of auto-related services,
reported it has received notification from the Nasdaq Listing
Qualifications Department that it is not in full compliance with
listing requirements for the Nasdaq Global Market because the
market value of the Company's publicly held shares has been below
the required minimum of $5 million for 30 business days.  Under
the Nasdaq Listing Rules, the Company has 180 days (or until
April 14, 2015) in which to regain compliance and avoid delisting
by sustaining a $5 million market value of publicly held shares
for at least ten consecutive business days.

The Company said it plans to monitor the situation closely and to
consider the options available to it, including submitting an
application to transfer to the Nasdaq Capital Market.  At this
time, the Company cannot provide any assurance that it will be
able to regain compliance or successfully transfer to the Nasdaq
Capital Market.

                About China Auto Logistics Inc.

China Auto Logistics Inc. is one of China's top sellers of
imported luxury vehicles.  It also provides a growing variety of
"one stop" automobile related services such as short term dealer
financing.  Additionally, in November, 2013, it acquired the owner
and operator of the 26,000 square meter Airport International Auto
Mall in Tianjin for $91.4 million, with plans to develop the auto
mall, among other things, as the flagship site for a joint venture
with Car King (China) Used Car Trading Co., Ltd.  In August, 2014,
the Company also announced a Strategic Cooperation Agreement with
a leading auto dealer leasing and development company to greatly
expand its high end imported auto business via the purchase and
construction of new auto malls throughout China coupled with a new
e-commerce platform.


CHC-CHESTNUT RIDGE: Section 341(a) Meeting Set for Dec. 16
----------------------------------------------------------
A meeting of creditors in the bankruptcy case of CHC-Chestnut
Ridge Nursing & Rehab Ctr, LLC, will be held on Dec. 16, 2014, at
11:00 a.m. at Courtroom, Lafayette.

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

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

CHC-Chestnut Ridge Nursing & Rehab Ctr, LLC, et al., filed Chapter
11 bankruptcy petitions (Bankr. W.D. La. Case Nos. 14-51287 to
14-51297) on Oct. 17, 2014.  The cases are assigned to Judge
Robert Summerhays.  The petitions were signed by Raymond P. Mulry
as designated officer.  CHC-Chestnut Ridge estimated assets of $10
million to $50 million and liabilities of $1 million to $10
million.  The Debtors are represented by Neligan Foley LLP as
counsel and Baker, Donelson, Bearman, Caldwell & Berkowitz, PC, as
co-counsel.

CHC-Chestnut Ridge, et al., are affiliates of New Louisiana
Holdings, LLC, which filed for Chapter 11 for protection on
June 25, 2014 (Case No. 14-50756).


CIVIC PLAZA: Case Summary & 6 Unsecured Creditors
-------------------------------------------------
Debtor: The Civic Plaza, LLC
        PO Box 1292
        Twain Harte, CA 95383

Case No.: 14-15145

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: October 22, 2014

Court: United States Bankruptcy Court
       Eastern District of California (Fresno)

Judge: Hon. Richard Lee

Debtor's Counsel: Anthony Hughes, Esq.
                  HUGHES FINANCIAL LAW
                  1395 Garden Highway, Ste. 150
                  Sacramento, CA 95833
                  Tel: 916-485-1111
                  Email: Attorney@4851111.com

Total Assets: $1.25 million

Total Liabilities: $959,770

The petition was signed by John-Pierre Mendoza, managing member.

A list of the Debtor's six largest unsecured creditors is
available for free at http://bankrupt.com/misc/caeb14-15145.pdf


COMSTOCK MINING: Has $1.05-Mil. Net Loss in Third Quarter
---------------------------------------------------------
Comstock Mining Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net
loss of $1.05 million on $6.79 million of total revenues for the
three months ended Sept. 30, 2014, compared with a net loss of
$4.52 million on $6.82 million of total revenues for the same
period last year.

The Company's balance sheet at Sept. 30, 2014, showed $49.55
million in total assets, $25.35 million in total liabilities and
total stockholders' equity of $24.2 million.

The Company incurred a net loss of $8.3 million and used cash
flows in operations of $2.6 million for the nine months ended
Sept. 30, 2014.  At Sept. 30, 2014, the Company had cash and cash
equivalents of $9.3 million.

The Company's current capital resources include cash and cash
equivalents and other working capital resources, cash generated
through operations, and existing financing arrangements, including
a $5 million revolving credit facility (the "Revolving Credit
Facility") with Auramet International, LLC ("Auramet"), pursuant
to which the Company may have borrowings up to $5 million
outstanding at any given time, whereby Auramet, on Oct. 9, 2014,
agreed to extend the facility from the current maturity of Feb. 6,
2015, an additional year, to Feb. 5, 2016.  The Company has
financed its exploration, development and start up activities
principally from the sale of equity securities and, to a lesser
extent, debt financing.  In May 2014, the Company raised $11.9
million in gross proceeds (approximately $11 million, net of
issuance costs) through an underwritten public offering of
7,475,000 shares of our common stock at a price of $1.59 per
share.  While the Company has been successful in the past in
obtaining the necessary capital to support its operations,
including registered equity financings from its existing shelf
registration statement, borrowings, or other means, there is no
assurance that the Company will be able to obtain additional
equity capital or other financing, if needed.  The Company
believes it will have sufficient funds to sustain its operations
during the next 12 months as a result of the sources of funding.
Future production rates and gold prices below management's
expectations would adversely affect the Company's results of
operations, financial condition and cash flows.  If the Company
was unable to obtain any necessary additional funds, this could
have an immediate material adverse effect on liquidity and could
raise substantial doubt about the Company's ability to continue as
a going concern.

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

                       http://is.gd/WU24s2

                      About Comstock Mining

Virginia City, Nev.-based Comstock Mining Inc. is a Nevada-based,
gold and silver mining company with extensive, contiguous property
in the historic Comstock district.  The Company began acquiring
properties in the Comstock in 2003.  Since then, the Company has
consolidated a substantial portion of the Comstock district,
secured permits, built an infrastructure and brought the
exploration project into test mining production.  The Company
continues acquiring additional properties in the Comstock
district, expanding its footprint and creating opportunities for
exploration and mining.  The goal of the Company's strategic plan
is to deliver stockholder value by validating qualified resources
(measured and indicated) and reserves (probable and proven) of
3,250,000 gold equivalent ounces by 2013, and commencing
commercial mining and processing operations by 2011, with annual
production rates of 20,000 gold equivalent ounces.

Comstock Mining incurred a net loss available to common
shareholders of $25.36 million in 2013, a net loss available to
common shareholders of $35.13 million in 2012 and a net loss
available to common shareholders of $16.30 million in 2011.

As of June 30, 2014, the Company had $52.71 million in total
assets, $28.19 million in total liabilities and $24.52 million in
total stockholders' equity.


CORINTHIAN COLLEGES: Lenders Hold Off on Defaults Amid Wind-Down
----------------------------------------------------------------
Law360 reported that Corinthian Colleges Inc.'s lenders have
agreed to hold off on taking action to seize assets after a loan
default last month, according to a statement from the for-profit
college operator, which is spinning off its assets in a
government-ordered wind-down.  The report related that lenders
under a credit facility administered by Bank of America NA entered
into a forbearance agreement providing they won't take action to
seize Corinthian's assets or accelerate its debt repayments until
years end.

Corinthian Colleges, Inc. offers post-secondary courses in the
areas of health care, business, criminal justice, transportation
technology and maintenance, information technology, and
construction trades.  The Santa Ana, California-based Company
currently caters to 81,300 students.


CRUNCHIES FOOD: Wants to Sell Substantially All of Assets
---------------------------------------------------------
Crunchies Food Company, LLC, asks the U.S. Bankruptcy Court for
the Central District of California to approve the sale of
substantially all of the Debtor's assets under the terms of an
asset purchase agreement free and clear of all liens, claims,
encumbrances and interests.

The Debtor also seeks authority to assume and assign to the
Purchaser those unexpired leases and executory contracts
identified as part of the Sale.

The Court has previously approved the Debtor's motion for order
establishing bidding procedures for the Sale.  The Official
Committee of Unsecured Creditors submitted an objection to Bid
Procedures Motion.  AEG Cycling, LLC, LA Live Properties, LLC, and
Anschutz 12K Company jointly filed an objection against the Bid
Procedures Motion.  The AEG Entities and the Debtor were parties
to a Corporate Sponsorship Agreement.

Chaucer Foods Ltd. and Seung Chung, as Trustee of the Chung Family
Trust, have formed the Buyer to make a stalking horse bid in
accordance with the APA for the Sale in the amount of $3.63
million.

Initial overbid is set for $3.85 million.  Subsequent overbids
will be in increments of no less than $10,000.  The break-up fee
is $100,000.

In the event of a successful overbid by any party other than the
Buyer, the sale proceeds will be disbursed in this order:

   (1) payment of $1.950 million to Chung, and $1 million to
       Chaucer;

   (2) payment in full of Chaucer's postpetition loan to the
       Debtor;

   (3) payment of $100,000 to the Buyer as Break-Up Fee;

   (4) payment of $350,000 to the bankruptcy estate free of any
       liens held by the Buyer, Chung, Delaski or Chaucer on
       account of the Delaski Loan;

   (5) payment to Chung of 80% of the remaining cash proceeds
       received until Chung receives a total of $2.1 million and
       the remaining 20% of the cash proceeds from a Third Party
       Closing remaining with the Debtor's estate, free of any
       liens on account of the Delaski Loan;

   (6) payment to Chaucer of 40% of the remaining cash proceeds
       from a Third Party Closing in excess of the amount
       necessary for Chung to receive the Chung Threshold Amount,
       until Chaucer receives the additional sum of $2.1 million
       on account of the Delaski Loan, and the remaining 60% of
       the cash proceeds remaining with the Debtor's estate, free
       of any liens on account of the Delaski Loan;

   (7) payment to Chung of 40% of the remaining cash proceeds
       from a Third Party Closing in excess of the amount
       necessary for the Debtor to make the Secure Claims
       Payments and the remaining 60% of the cash proceeds
       remaining with the Debtor's estate; and

   (8) after Chung's claim has been paid in full, the estate will
       be entitled to all remaining cash proceeds from a Third
       Party Closing.

In the event of a successful overbid by the Buyer in excess of the
Purchase Price, 100% of the cash proceeds from the closing of that
sale will be paid to the estate, free and clear of any claims of
the Buyer, Chaucer and Chung.

                       AEG Entities Object

The AEG Entities argue the Debtor has not provided or filed
Schedule 1.2(b) that contains the list of unexpired leases and
executory contracts for assumption and assignment.  The AEG
Entities state that they are parties to executory contracts with
the Debtor, pursuant to which they granted the Debtor certain non-
exclusive licenses to use their trademarks and logos in connection
with the Debtor's business.

Accordingly, the AEG Entities contend that the Agreements may not
be assumed or assigned by the Debtor without their express
consent.  The AEG Entities, hence, reserve the right to withhold
consent, depending upon the ultimate successful buyer and
assurances of future performance.

The AEG Entities are represented by:

          Richard D. Buckley, Jr., Esq.
          Andy S. Kong, Esq.
          ARENT FOX LLP
          555 West Fifth Street, 48th Floor
          Los Angeles, CA 90013
          Telephone: (213) 629-7400
          Facsimile: (213) 629-7401
          E-mail: richard.buckley@arentfox.com
                  andy.kong@arentfox.com

                      About Crunchies Food

Crunchies filed a Chapter 11 bankruptcy petition (Bankr. C.D. Cal.
Case No. 14-bk-11776) in Santa Barbara, California, on August 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.


CUE & LOPEZ: Files First Amendment to Plan of Reorganization
------------------------------------------------------------
Cue & Lopez Construction, Inc., has filed with the U.S. Bankruptcy
Court for the District of Puerto Rico its first amendment to its
Plan of Reorganization.

The Amendment, filed on September 30, 2014, amends Article IV
Class I of the original Plan.  Class 1 consists of Scotiabank's
Allowed Claims.  Class 1 is impaired under the Plan and is
entitled to vote on the Plan.

Scotiabank's Allowed Claim for $2,645,445 arose from a loan to the
Debtor and was partially secured by first mortgages in two
properties.  The Claim will be paid on or before the Effective
Date by the transfer to Scotiabank of the Properties.

Scotiabank's deficiency claim, estimated at $1,735,445 after the
transfer of the Properties, will be dealt with under Class 5 as a
General Unsecured Claim.

A copy of the Amendment is available for free at:

    http://bankrupt.com/misc/Cue&Lopez_Construction_1Plan.pdf

                       About Cue & Lopez

San Juan, Puerto Rico-based Cue & Lopez Construction, Inc., sought
protection under Chapter 11 of the Bankruptcy Code on October 4,
2013 (Case No. 13-08297, Bankr. D.P.R.).  The case is assigned to
Judge Brian K. Tester.

Cue & Lopez Contractors, Inc., filed a separate Chapter 11
petition (Case No. 13-08299) on the same date.

The Debtors are represented by Charles Alfred Cuprill, Esq., at
Charles A Curpill, PSC Law Office, in San Juan, Puerto Rico.  CPA
Luis R. Carrasquillo & Co., P.S.C., serves as accountant.

Cue & Lopez Construction scheduled $13,334,151 in total assets and
$17,520,089 in total liabilities.  The Chapter 11 petitions were
signed by Frank F. Cue Garcia, president.


CUE & LOPEZ: Oriental Bank Files Objection to Reorganization Plan
-----------------------------------------------------------------
Oriental Bank asks the U.S. Bankruptcy Court for the District of
Puerto Rico that confirmation of Cue & Lopez Construction, Inc.'s
Plan of Reorganization be denied.

The Debtor's Plan proposes to allow the stockholders to retain
their interest in the reorganized debtor.  Oriental Bank, a
creditor, contends that these provisions are a clear violation of
the law if there are non-consenting unsecured creditors that are
not paid 100% of their claims.

William Santiago-Sastre, Esq., at De Diego Law Offices, PSC, in
Carolina, Puerto Rico -- wssbankruptcy@gmail.com -- reminds the
Court that the "absolute priority rule" of Section 1129(b) of the
Bankruptcy Code provides that a dissenting class of unsecured
creditors must be provided for in full in a Chapter 11 bankruptcy
plan before any junior class can receive or retain any property
under the plan.  He explains that under the "absolute priority
rule" non-consenting unsecured creditors "in bankruptcy are
entitled to full payment before equity investors can receive
anything."

The Debtor proposes to transfer real properties and a retainage to
the Bank, and concludes that Oriental will have a deficiency claim
in the amount of $2,167,600.  In the case at bar the Debtor
proposes to surrender three real estate properties, Mr. Santiago-
Sastre says.  He contends that the Debtor miscalculates the
deficiency claim of the Bank because the allowed amount of the
claim as of October 15, 2014, is $5,262,465.

The combined estimated value of the properties to be surrendered
according to the Debtor is $890,000.  Therefore, Mr. Santiago-
Sastre asserts, the correct deficiency claim would be $4,372,465.
He points out that this sum varies greatly from the amount
reported in the disclosure, and it affects the payout to the other
class 5 unsecured creditors.

Mr. Santiago-Sastre further contends that the Debtor does not
include in its Plan paying to the Bank $100,000 it received from
the retainage account of Casa Maggiori on September 12, 2013.  He
adds that the Debtor's Plan and Disclosure Statement do not
mention tax credits relating to Parque 228, which credits are
estimated to be sold at $10,000,000, and which the Debtor
apparently owns 50%.  He reveals that the Debtor assigned $900,000
to the Bank from the amount that the tax credits eventually would
produce upon the sale of the credits.

                       About Cue & Lopez

San Juan, Puerto Rico-based Cue & Lopez Construction, Inc., sought
protection under Chapter 11 of the Bankruptcy Code on October 4,
2013 (Case No. 13-08297, Bankr. D.P.R.).  The case is assigned to
Judge Brian K. Tester.

Cue & Lopez Contractors, Inc., filed a separate Chapter 11
petition (Case No. 13-08299) on the same date.

The Debtors are represented by Charles Alfred Cuprill, Esq., at
Charles A Curpill, PSC Law Office, in San Juan, Puerto Rico.  CPA
Luis R. Carrasquillo & Co., P.S.C., serves as accountant.

Cue & Lopez Construction scheduled $13,334,151 in total assets and
$17,520,089 in total liabilities.  The Chapter 11 petitions were
signed by Frank F. Cue Garcia, president.


DETROIT, MI: Save Schools Instead of DIA, Says Citizen
------------------------------------------------------
A man named Stephen P. Banicki -- sbanicki@freemarkets.com --wrote
a letter Oct. 7, 2014, to Judge Steve Rhodes saying that the City
of Detroit until the Detroit Public Schools are fixed.  Mr.
Banicki, who submitted the court filings without counsel, told
Judge Rhodes, who presides over the bankruptcy cases, that fixing
the school system is more important than saving the Detroit
Institute of Arts Museum.  He says that the art at the DIA should
be sold.  Not at a fire sale though so that competition for the
art works would drive up the price.

                 About City of Detroit, Michigan

The City of Detroit, Michigan, weighed down by more than
$18 billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit estimated
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by
lawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

The Hon. Steven Rhodes oversees the bankruptcy case.  Detroit is
represented by David G. Heiman, Esq., and Heather Lennox, Esq., at
Jones Day, in Cleveland, Ohio; Bruce Bennett, Esq., at Jones Day,
in Los Angeles, California; and Jonathan S. Green, Esq., and
Stephen S. LaPlante, Esq., at Miller Canfield Paddock and Stone
PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers was appointed
in the case.  The Retirees' Committee is represented by Dentons US
LLP.  Lazard Freres & Co. LLC serves as the Retiree Committee's
financial advisor.

                           *     *     *

Standard & Poor's Ratings Services, on Sept. 5, 2014, raised its
ratings on five bond CUSIPs of Detroit's outstanding sewerage
disposal and water supply revenue bonds to 'BBB+' from 'D' as S&P
indicated it would do in its report dated Aug. 28, 2014.  The
outlook is stable.

The Troubled Company Reporter, on Oct. 10, 2014, reported that
Moody's Investors Service has placed the City of Detroit's (MI)
Certificates of Participation (COPs) Ca rating on review for
possible downgrade. This action follows the recent settlement
announcement between the city and Syncora, which insures a portion
of the city's outstanding COPs. The settlement includes a cash
payment, as well as extended and optional stakes in city owned
assets. Moody's said it is likely that the recovery for creditors
will be below 35% and as a result consistent with a C rating. The
review will be resolved if and when a settlement with FGIC, the
other main insurer of the city's COPs liabilities, is made public.


DETROIT, MI: Residents Put City's Bankruptcy Plan on Trial
----------------------------------------------------------
Steven Church, writing for Bloomberg News, reported that U.S.
Bankruptcy Judge Steven Rhodes in Michigan gave Detroit residents
and retired public workers temporary control of the city's
historic bankruptcy trial to present their own case against its $7
billion debt-cutting plan, which includes pension reductions.
According to the report, Judge Rhodes set aside Oct. 15 for
opponents who don't have lawyers to try to persuade him to reject
the plan.

                 About City of Detroit, Michigan

The City of Detroit, Michigan, weighed down by more than
$18 billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit estimated
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by
lawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

The Hon. Steven Rhodes oversees the bankruptcy case.  Detroit is
represented by David G. Heiman, Esq., and Heather Lennox, Esq., at
Jones Day, in Cleveland, Ohio; Bruce Bennett, Esq., at Jones Day,
in Los Angeles, California; and Jonathan S. Green, Esq., and
Stephen S. LaPlante, Esq., at Miller Canfield Paddock and Stone
PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers was appointed
in the case.  The Retirees' Committee is represented by Dentons US
LLP.  Lazard Freres & Co. LLC serves as the Retiree Committee's
financial advisor.

                           *     *     *

Standard & Poor's Ratings Services, on Sept. 5, 2014, raised its
ratings on five bond CUSIPs of Detroit's outstanding sewerage
disposal and water supply revenue bonds to 'BBB+' from 'D' as S&P
indicated it would do in its report dated Aug. 28, 2014.  The
outlook is stable.

The Troubled Company Reporter, on Oct. 10, 2014, reported that
Moody's Investors Service has placed the City of Detroit's (MI)
Certificates of Participation (COPs) Ca rating on review for
possible downgrade. This action follows the recent settlement
announcement between the city and Syncora, which insures a portion
of the city's outstanding COPs. The settlement includes a cash
payment, as well as extended and optional stakes in city owned
assets. Moody's said it is likely that the recovery for creditors
will be below 35% and as a result consistent with a C rating. The
review will be resolved if and when a settlement with FGIC, the
other main insurer of the city's COPs liabilities, is made public.


DETROIT, MI: Plan-Approval Trial to Wrap Up October 27
------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the trial for approval of Detroit's debt-
adjustment plan wraps up on Oct. 27 when the bankruptcy judge will
hear closing arguments.

According to the report, on Oct. 22, the judge heard testimony
from the court's own financial expert, Martha E.M. Kopacz, a
senior managing partner at Phoenix Management Services LLC, who
testified that the plan is "feasible" and the city isn't incurring
more debt than it can handle.

                 About City of Detroit, Michigan

The City of Detroit, Michigan, weighed down by more than
$18 billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit estimated
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by
lawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

The Hon. Steven Rhodes oversees the bankruptcy case.  Detroit is
represented by David G. Heiman, Esq., and Heather Lennox, Esq., at
Jones Day, in Cleveland, Ohio; Bruce Bennett, Esq., at Jones Day,
in Los Angeles, California; and Jonathan S. Green, Esq., and
Stephen S. LaPlante, Esq., at Miller Canfield Paddock and Stone
PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers was appointed
in the case.  The Retirees' Committee is represented by Dentons US
LLP.  Lazard Freres & Co. LLC serves as the Retiree Committee's
financial advisor.

                           *     *     *

Standard & Poor's Ratings Services, on Sept. 5, 2014, raised its
ratings on five bond CUSIPs of Detroit's outstanding sewerage
disposal and water supply revenue bonds to 'BBB+' from 'D' as S&P
indicated it would do in its report dated Aug. 28, 2014.  The
outlook is stable.

The Troubled Company Reporter, on Oct. 10, 2014, reported that
Moody's Investors Service has placed the City of Detroit's (MI)
Certificates of Participation (COPs) Ca rating on review for
possible downgrade. This action follows the recent settlement
announcement between the city and Syncora, which insures a portion
of the city's outstanding COPs. The settlement includes a cash
payment, as well as extended and optional stakes in city owned
assets. Moody's said it is likely that the recovery for creditors
will be below 35% and as a result consistent with a C rating. The
review will be resolved if and when a settlement with FGIC, the
other main insurer of the city's COPs liabilities, is made public.


EDENOR S.A.: General Extraordinary Meeting Scheduled for Nov. 18
----------------------------------------------------------------
Edenor S.A.'s Board of Directors had resolved to convene a general
extraordinary shareholders' meeting on Nov. 18, 2014, at 10:00
a.m. at the Company's corporate office at Avenida del Libertador
6363, Ground Floor, City of Buenos Aires.

At the Board Meeting held on Oct. 16, 2014, the Chairman explained
the need to call the Extraordinary Meeting to consider the three-
year extension of the holding period of 9,412,500 Class B treasury
shares, which represent 1.03% of the capital stock, in order to
avoid the capital reduction and frame a proposal for their use.

The Company's Board also ratified the loan for consumption and
collateral assignment of claims agreement entered into by and
between EDENOR and CAMMESA to fund the works intended to extend
and maintain the power distribution network, in accordance with
the provisions of ES Resolution No.65/2014, which agreement is in
addition to the loan for consumption also executed with CAMMESA to
cover the salary increases provided for by Secretary of Labor
Resolution No. 836/2014.

                          About Edenor SA

Headquartered in Buenos Aires, Argentina, Edenor S.A. (NYSE: EDN;
Buenos Aires Stock Exchange: EDN) is the largest electricity
distribution company in Argentina in terms of number of customers
and electricity sold (both in GWh and Pesos).  Through a
concession, Edenor distributes electricity exclusively to the
northwestern zone of the greater Buenos Aires metropolitan area
and the northern part of the city of Buenos Aires.

Edenor SA reported profit of ARS 772.7 million on ARS 3.44 billion
of revenue from sales for the year ended Dec. 31, 2013, as
compared with a loss of ARS 1.01 billion on ARS 2.97 billion of
revenue from sales in 2012.  Edenor reported a net loss of
ARS 291.38 million in 2011.

The Company's balance sheet at June 30, 2014, showed ARS7.40
billion in total assets, ARS6.95 billion in total liabilities and
ARS453.50 million in total equity.

"Given the fact that the realization of the projected measures to
revert the manifested negative trend depends, among other factors,
on the occurrence of certain events that are not under the
Company's control, such as the requested electricity rate
increases, the Board of Directors has raised substantial doubt
about the Company's ability to continue as a going concern in the
term of the next fiscal year, being obliged to defer certain
payment obligations, as previously mentioned, or unable to meet
expectations for salary increases or the increases recorded in
third-party costs," the Company stated in its quarterly report for
the period ended June 30, 2014.


EDISON MISSION: Payouts to Holders of Beneficial Interests Set
--------------------------------------------------------------
BankruptcyData reported that EME Reorganization Trust announced
that its board of managing trustees has approved a cash
distribution of $0.1009262 per beneficial interest, which will be
paid on October 31, 2014, to all record holders of beneficial
interests as of the close of business on October 24, 2014.

According to BData, immediately prior to the distribution, there
will be 3,853,697,304 issued and outstanding beneficial interests
of the EME Reorganization Trust.  The distribution is being made
out of (i) proceeds from the sale of certain zero coupon unsecured
notes that were previously issued by Edison International to the
EME Reorganization Trust and (ii) funds released from an escrow
account in connection with the EIX settlement, the report related.

The aggregate amount of the distribution will be approximately
$388.9 million, the report said.

                       About Edison Mission

Santa Ana, California-based Edison Mission Energy is a holding
company whose subsidiaries and affiliates are engaged in the
business of developing, acquiring, owning or leasing, operating
and selling energy and capacity from independent power production
facilities.  EME also engages in hedging and energy trading
activities in power markets through its subsidiary Edison Mission
Marketing & Trading, Inc.

EME was formed in 1986 and is an indirect subsidiary of Edison
International.  Edison International also owns Southern California
Edison Company, one of the largest electric utilities in the
United States.

EME and its affiliates sought Chapter 11 protection (Bankr. N.D.
Ill. Lead Case No. 12-49219) on Dec. 17, 2012.

EME has reached an agreement with the holders of a majority of
EME's $3.7 billion of outstanding public indebtedness and its
parent company, Edison International EIX, that, pursuant to a plan
of reorganization and pending court approval, would transition
Edison International's equity interest to EME's creditors, retire
existing public debt and enhance EME's access to liquidity.

The Company's balance sheet at Sept. 30, 2012, showed
$8.17 billion in total assets, $6.68 billion in total liabilities
and $1.48 billion in total equity.

In its schedules, Edison Mission Energy disclosed total assets of
assets of $5,721,559,170 and total liabilities of $6,202,215,094
as of the Petition Date.

The Debtors, other than Camino Energy Company, are also
represented by James H.M. Sprayregen, P.C., Sarah Hiltz Seewer,
Esq., and Seth A. Gastwirth, Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois; and Joshua A. Sussberg, Esq., at Kirkland &
Ellis LLP, in New York.  Debtor Camino Energy Company is
represented by David A. Agay, Esq., and Joshua Gadharf, Esq., at
McDonald Hopkins LLC, in Chicago, Illinois.

Perella Weinberg Partners is acting as the Debtors' financial
advisor and McKinsey & Company Recovery and Transformation
Services is acting as restructuring advisor.  GCG, Inc., is the
claims and notice agent.

An official committee of unsecured creditors has been appointed in
the case and is represented by Ira S. Dizengoff, Esq., Stephen M.
Baldini, Esq., Arik Preis, Esq., and Robert J. Boller, Esq., at
Akin Gump Strauss Hauer & Feld LLP in New York; James Savin, Esq.,
and Kevin M. Eide, Esq., at Akin Gump Strauss Hauer & Feld LLP in
Washington, DC; and David M. Neff, Esq., and Brian Audette, Esq.,
at Perkins Coie LLP.  The Committee also has tapped Blackstone
Advisory Partners as investment banker and FTI Consulting as
financial advisor.

EME's Joint Plan of Reorganization was confirmed on March 11,
2014.  The Plan provides for: (a) the sale to NRG Energy, Inc. and
NRG Energy Holdings, Inc. of substantially all of EME's assets for
approximately $2.635 billion, subject to certain adjustments
provided in the Acquisition Agreement, and assumption of so-called
PoJo Leases, as modified; (b) a settlement with Edison
International -- EIX -- and certain EME noteholders pursuant
to which EME will emerge from bankruptcy free of liabilities but
will remain an indirect wholly-owned subsidiary of EIX; and (c)
the transfer of substantially all remaining assets and liabilities
of EME that are not otherwise discharged in the bankruptcy or
transferred to NRG to the Reorganization Trust.  Once consummated,
the Plan will result in recoveries of over 80% for holders of
unsecured claims against EME and payment in full in cash of claims
against EME's subsidiaries.  The Plan was declared effective on
April 1, 2014.


ENERGY FUTURE: Replies to Objections to Bidding Procedures
----------------------------------------------------------
Energy Future Holdings Corp., et al., file their omnibus reply to
the objections to their motion for approval of bidding procedures,
scheduling an auction and related deadlines and hearings, and
approving the form and manner of notice thereof filed by:

   * the indenture trustee under the 10.00% EFIH first lien
     notes;

   * the indenture trustee under, and an hoc group of holders of,
     the EFIH second lien notes;

   * the ad hoc group of holders of EFIH unsecured notes;

   * the ad hoc committee of holders of TCEH first lien debt;

   * the ad hoc group of holders of TCEH second lien notes;

   * the Official Committee of Unsecured Creditors;

   * the ad hoc group of holders of TCEH unsecured notes; and

   * the joinder filed by the indenture trustee for certain TCEH
     unsecured notes.

The Creditors Committee says it would support maximizing the value
of the Debtors' indirect ownership of Oncor but believes that the
Debtors, once again, are mandating outcomes that properly should
be the subject of a consensual plan process.  The Creditors
Committee asserts that contrary to the Debtors' benign
characterization, the Bidding Procedures are much more than a
procedural mechanism to establish appropriate bidding and auction
rules.

The Debtors submit that approval of the Bidding Procedures is in
the best interests of the bankruptcy estates for it will provide
certainty to potential bidders in the market and facilitate the
Debtors' ongoing efforts to maximize the value of the economic
interests in Oncor -- and, thus, secure the greatest possible
benefits for all of the Debtors' stakeholders.

Jason M. Madron, Esq., at Richards, Layton & Finger, P.A., in
Wilmington, Delaware -- madron@rlf.com -- insists that the Motion
does not seek approval of a particular transaction or even a
particular form of transaction.  He asserts that the Objectors'
attacks on the Debtors' decision-making process are unfounded.

The Debtors' boards -- informed by years of experience and
analysis related to this restructuring -- approved the decision to
set aside the proposed EFIH Second Lien DIP Facility and move to
an auction of the economic interests in Oncor -- and, thus, those
boards understood and supported the fundamental tenets of the
Bidding Procedures, Mr. Madron says.  He contends that each of the
Debtors' estates quite plainly benefits from providing certainty
to auction participants regarding the timing and ground rules for
the marketing process, all of which are intended to maximize
value.

"Yet in an effort to find fault with the Bidding Procedures, a
number of the Objections seek to cast the Bidding Procedures as
something more than what they are," Mr. Madron tells the Court.
"These Objections incorrectly assert that the Motion seeks
approval of a transaction or sale of the economic interests in
Oncor, that the Bidding Procedures foreclose future alternatives,
or that the Bidding Procedures are somehow burdened by an
'entrenched' structure," he continues.  He argues that the Motion
does none of these things.

The Debtors further argue that they do not (and need not) dispute
that any bid may impose certain limitations on the ultimate form
of their restructuring.  The Debtors are well aware of these
potential limitations, and, in forming their views, they have
carefully charted a course to what they believe will be a
confirmable, value-maximizing, and hopefully consensual Chapter 11
plan, Mr. Madron contends.

                       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.


FINJAN HOLDINGS: Markman Order Entered in Blue Coat Case
--------------------------------------------------------
Finjan Holdings, Inc., announced an update in the Finjan, Inc. v.
Blue Coat Systems, Inc. case (5:13-cv-03999-BLF) that was filed on
Aug. 28, 2013, in the U.S. District Court for the Northern
District of California.

The Markman hearing was held on Aug. 22, 2014.  On Oct. 20, 2014,
the Honorable Beth Labson Freeman entered her Order construing
disputed claim terms in U.S. Patents Nos. 6,154,844; 6,804,780;
6,965,968; 7,058,822; 7,418,731 and 7,647,633.  The Markman Order
is available on PACER as Docket No. 118.

"We believe the Court's Order coincides with Finjan's infringement
theories against Blue Coat allowing us to move forward without
dropping any of our asserted patents, theories, or any of the
accused products, thereby reinforcing our damages case against
Blue Coat," commented Julie Mar-Spinola, VP, Legal Operations of
Finjan.  "Finjan applauds Judge Freeman's issuance of a
comprehensive Markman Order, which provides both guidance and
clarity on the meaning of certain disputed claim, supporting
Finjan's infringement case," said Mar-Spinola.

A jury trial in this matter is set for July 20, 2015.

Finjan has also filed patent infringement lawsuits against
FireEye, Proofpoint, Sophos, and Symantec relating to,
collectively, more than 20 patents in the Finjan portfolio.  The
Company will continue to provide timely updates of important
events relating to these matters on an on-going basis.

                           About Finjan

Finjan, formerly known as Converted Organics, is a leading online
security and technology company which owns a portfolio of patents,
related to software that proactively detects malicious code and
thereby protects end-users from identity and data theft, spyware,
malware, phishing, trojans and other online threats.  Founded in
1997, Finjan is one of the first companies to develop and patent
technology and software that is capable of detecting previously
unknown and emerging threats on a real-time, behavior-based basis,
in contrast to signature-based methods of intercepting only known
threats to computers, which were previously standard in the online
security industry.

Finjan Holdings reported a net loss of $6.07 million in 2013
following net income of $50.98 million in 2012.  The Company
reported a net loss of $2 million on $175,000 of revenues for the
three months ended March 31, 2014.

The Company's balance sheet at June 30, 2014, showed $24.51
million in total assets, $2.05 million in total liabilities and
$22.46 million in total stockholders' equity.


FURNITURE BRANDS: Former Plant Headed to Auction Block
------------------------------------------------------
Tom Corrigan, writing for Daily Bankruptcy Review, reported that
the trustee responsible for liquidating Furniture Brands
International Inc., once one of the nation's largest furniture
manufacturers, has proposed to sell an expansive office and
warehouse complex to one of two bidders at an auction later this
year.  According to the report, citing papers filed in court, the
former Lane Furniture facility in Tupelo, Miss., along with
another nearby building are expected to fetch at least $1.2
million.

                      About Furniture Brands

Furniture Brands International (NYSE:FBN) --
http://www.furniturebrands.com-- engaged in the designing,
manufacturing, sourcing and retailing home furnishings. Furniture
Brands markets products through a wide range of channels,
including company owned Thomasville retail stores and through
interior designers, multi-line/ independent retailers and mass
merchant stores.  Its brands include Thomasville, Broyhill, Lane,
Drexel Heritage, Henredon, Pearson, Hickory Chair, Lane Venture,
Maitland-Smith and LaBarge.

The balance sheet at June 29, 2013, showed $546.73 million in
total assets against $550.13 million in total liabilities.

On Sept. 9, 2013, Furniture Brands International, Inc. and 18
affiliated companies sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-12329).

Attorneys at Paul Hastings LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  Alvarez and Marsal
North America, LLC, is the restructuring advisors.  Miller
Buckfire & Co., LLC is the investment Banker.  Epiq Systems Inc.
dba Epiq Bankruptcy Solutions is the claims and notice agent.

The official creditor's committee is comprised of the Pension
Benefit Guaranty Corp., Milberg Factors Inc. and five suppliers.
The Committee tapped Blank Rome LLP as co-counsel, Hahn &
Hessen LLP as lead counsel, BDO Consulting as financial advisor,
and Houlihan Lokey Capital, Inc., as investment banker.

In November 2013, Furniture Brands won bankruptcy court approval
to sell the business to KPS Capital Partners LP for $280 million.
Private-equity investor KPS formed a new company named Heritage
Home Group LLC to operate the business.  Furniture Brands changed
its name to FBI Wind Down, Inc., following the sale.

The Debtors on July 14, 2014, won confirmation of their Second
Amended Joint Plan of Liquidation as filed on July 9, 2014.


GENAERA CORP: 3rd Circ. Revives Investor Suit Over Asset Sales
--------------------------------------------------------------
Law360 reported that the Third Circuit sided with shareholders who
contended a Pennsylvania federal judge had wrongly tossed their
putative class action claiming defunct biotech company Genaera
Corp. had undervalued assets sold through a liquidating trust,
finding the judge's decision was "premature."  According to the
report, the appellate panel ruled that at least some of investor
Alan Schmidt's allegations that Genaera had liquidated its assets
for too low a price didn't show at face value that they were filed
too late.

The case is Alan Schmidt v. John Skolas, et al., Case No. 13-3750
(3d Cir.).


GARLOCK SEALING: Asbestos Liability Docs Unsealed
-------------------------------------------------
Law360 reported that U.S. Bankruptcy Judge George Hodges in North
Carolina unsealed nearly all records from a prior hearing to
estimate Garlock Sealing Technologies LLC's asbestos liability,
including internal documents that plaintiffs' attorneys claim will
explain the defunct gasket maker's past decisions to settle
asbestos injury lawsuits.  According to the report, Judge Hodges
made the order from the bench, saying that the First Amendment
supported the unsealing of documents in the case, including
Garlock's major expense authorizations and trial evaluation forms,
according to an attorney present at the hearing.  Only private
information like plaintiffs' Social Security numbers and certain
medical information remain sealed, according to the attorney, the
report related.

                      About Garlock Sealing

Headquartered in Palmyra, New York, Garlock Sealing Technologies
LLC is a unit of EnPro Industries, Inc. (NYSE: NPO).  For more
than a century, Garlock has been helping customers efficiently
seal the toughest process fluids in the most demanding
applications.

On June 5, 2010, Garlock filed a voluntary Chapter 11 petition
(Bankr. W.D.N.C. Case No. 10-31607) in Charlotte, North Carolina,
to establish a trust to resolve all current and future asbestos
claims against Garlock under Section 524(g) of the U.S. Bankruptcy
Code.  The Debtor estimated $500 million to $1 billion in assets
and up to $500 million in debts as of the Petition Date.

Affiliates The Anchor Packing Company and Garrison Litigation
Management Group, Ltd., also filed for bankruptcy.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in their Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel
for asbestos matters.

The Official Committee of Asbestos Personal Injury Claimants in
the Chapter 11 cases is represented by Travis W. Moon, Esq., at
Hamilton Moon Stephens Steele & Martin, PLLC, in Charlotte, NC,
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, and Trevor W. Swett III, Esq., Leslie M. Kelleher, Esq., and
Jeanna Rickards Koski, Esq., in Washington, D.C. 20005.

Joseph W. Grier, III, the Court-appointed legal representative for
future asbestos claimants, has retained A. Cotten Wright, Esq., at
Grier Furr & Crisp, PA, and Richard H. Wyron, Esq., and Jonathan
P. Guy, Esq., at Orrick, Herrington & Sutcliffe LLP, as his co-
counsel.

Judge George Hodges of the United States Bankruptcy Court for the
Western District of North Carolina on Jan. 10, 2014, entered an
order estimating the liability for present and future mesothelioma
claims against EnPro Industries' Garlock Sealing Technologies LLC
subsidiary at $125 million, consistent with the positions GST put
forth at trial.


GENERAL MOTORS: Says Calif. Ignition-Switch Suit Belongs in MDL
---------------------------------------------------------------
Law360 reported that General Motors LLC urged a New York federal
judge to nix the Orange County district attorney's bid to remand
California's suit over the automaker's ignition-switch defect to
the state, saying it's a "carbon copy" of other suits in the MDL
and that it doesn't qualify as a police-power action exempt from
removal.  According to the report, the automaker slammed District
Attorney Tony Rackauckas' contention that GM should not have been
allowed to remove California's suit from Orange County Superior
Court since it was brought in the public interest.

                     About Motors Liquidation

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

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

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

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

                        *     *     *

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

On Oct. 21, 2014, the TCR reported that Fitch Ratings has assigned
a rating of 'BB+' to GM's amended unsecured credit facilities.
Fitch currently rates GM's Issuer Default Rating (IDR) 'BB+'.  The
Rating Outlook is Positive.  Fitch has also affirmed and withdrawn
the 'BB+' IDR of GM's General Motors Holdings LLC (GM Holdings)
subsidiary, as there is no longer any rated debt at the
subsidiary, and Fitch does not expect the subsidiary to be an
active issuer going forward.  Fitch has also withdrawn GM
Holdings' unsecured credit facility rating of 'BB+' as the
subsidiary is no longer a borrower on the facilities.


GLENN POOL: Moody's Lowers Rating on Sr. Secured Notes to Ba1
-------------------------------------------------------------
Moody's Investors Service has confirmed the rating of the senior
secured loan and downgraded the senior secured notes issued by
Glenn Pool Oil & Gas Trust I and Trust II. The senior secured loan
is backed by hydrocarbon deliveries under a 5-year volumetric
production payments (VPP) between Chesapeake Exploration, L.L.C.,
(CELLC), a wholly-owned subsidiary of Chesapeake Energy
Corporation and Glenn Pool Oil & Gas Trust I. The senior secured
notes are backed by hydrocarbon deliveries under a 10-year VPP
between CELLC and Glenn Pool Oil & Gas Trust II. The hydrocarbons
for the VPPs are produced from a group of approximately 3,300
proven developed and producing wells in northern Oklahoma. Total
VPP production consists of approximately 75% natural gas, 17%
natural gas liquids and 8% oil.

The complete rating actions are as follows:

Issuer: Glenn Pool Oil & Gas Trust I and Trust II

Down Loan, Confirmed at Baa2 (sf); previously on Mar 25, 2014
Baa2 (sf) Placed Under Review for Possible Downgrade

Senior Secured Notes, Downgraded to Ba1 (sf); previously on Mar
25, 2014 Baa3 (sf) Placed Under Review for Possible Downgrade

Ratings Rationale

Natural gas production for the securitization has been lower than
the original forecast. At the time of transaction's closing
reserve estimates provided by DeGolyer and MacNaughton, an
independent engineering firm, indicated a production coverage
ratio (90% of actual production over required production volume
under the VPP) of 1.29x over the life of the VPP. However, the
average 12-month production coverage ratio for natural gas as of
September 2014 was only 1.17x. In addition, as of the April 2014
reporting date certain wells did not produce sufficient amounts of
natural gas and oil to meet the required VPP production volume,
with the shortfall covered by the production that CELLC typically
uses to pay for the cost of producing oil and gas.

The rating actions also reflect corrections to several errors in
the cash flow model used in rating this transaction.

Rating Methodology

The principal methodology used in this rating was "Moody's
Approach to Rating Operating Company Securitizations" published in
February 2002.

Moody's believes that reserve risk, operator/seller risk and
transportation risks are the major risks to this transaction.
Moody's utilize a cash flow model to quantitatively assess these
risks based on Monte Carlo simulations. The three key factors in
the model include three production profiles, operator default and
transportation interruptions. The three production profiles
represent a haircut of approximately 2%, 9% and 21% of the
Independent Engineer's estimate of the production of the wells
over the life of the VPP. A probability of 10%, 85% and 5% is
assigned to each of the three production scenarios, respectively.
Operator default is simulated based on its rating but stressed by
one notch down and a loss of delivery of three months is assumed
if operator default occurs. Transportation interruption is assumed
to occur randomly with a 5% probability and will result in a loss
of 5% of the deliveries per occurrence. These stresses and
associated probabilities were judgmentally determined based on the
characteristics of the natural gas wells and the Independent
Engineer's reserve review. Moody's then run the model 20,000 times
to determine the average yield on the loan and the average
reduction in the yield on the loan is mapped to a Moody's rating.

Moody's also conducts qualitative assessments on the risks in the
transaction, including the geological risks of the reserves, the
diversity of the wells, and the legal and regulatory risks
associated with the VPP transaction.

Factors that would lead to an upgrade or downgrade of the rating:

Rating could be upgraded if monthly production increases and the
monthly coverage ratio improves.


GLOBAL GEOPHYSICAL: Key Employee Incentive Plan Approved
--------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court approved
Global Geophysical Services' motion to establish a key employee
incentive plan to ensure that management remains fully
incentivized to pursue both company-changing paths at the same
time -- and to place an extra incentive for (a) ensuring
sufficient cash to operate on exit and (b) attracting higher and
better offers.

According to the report, the KEIP Pool Initial Value will be
$750,000.  If the Implied Enterprise Value in an Alternative
Proposal that is consummated no later than Feb. 27, 2015, is
greater than the Proposed Enterprise Value, the Alternative
Proposal KEIP Pool Amount will be equal to the lesser of (i)
$2,000,000 less the Basic KEIP Pool Amount or (ii) the product of
(A) 2.5% and (B) the difference between the Implied Enterprise
Value and the Proposed Enterprise Value, the report related.

The Court also approved the Debtors' motion to file the KEIP
exhibit under seal, the report further related.

            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: Details of Apple Settlement Not Disclosed
------------------------------------------------------
GT Advanced Technologies Inc. has reached a global settlement with
Apple Inc. in connection with the screen supplier's proposal to
exit from its contractual obligations to the tech giant.

No details were disclosed as the Debtors, Apple, and the Official
Committee of Unsecured Creditors filed a motion for an order
seeking to file the documents -- namely, the Supplemental
Declaration of Daniel W. Squiller in Support of Chapter 11
Petitions and First-Day Motions, and Apple's objection to the
Debtors' motion to reject their contracts -- under seal, pending
approval of the settlement.  The parties request that upon
approval of the settlement agreement, GTAT, Apple, the Creditors'
Committee, and their respective advisors be directed to destroy
all copies of the declaration and the objection, in satisfaction
of a condition precedent to the settlement.

GTAT's proposed settlement with Apple remains subject to the
review and approval, or objection, of the Creditors' Committee

GT has not publicly disclosed details of its contract with Apple,
saying that disclosure of these documents would violate its
confidentiality agreements with Apple, risking liquidated damages
claims in the amount of $50 million per violation.

According to a report, attorney Luc Despins said that GT Advanced
and Apple have reached an accord to shut down its scratch-
resistant sapphire glass manufacturing operations in Mesa, Ariz.,
operations that were financed by Apple.

Apple is represented in the case by:

         Gary T. Holtzer, Esq.
         Michael F. Walsh, Esq.
         Robert J. Lemons, Esq.
         WEIL, GOTSHAL & MANGES LLP
         767 Fifth Avenue
         New York, NY 10153
         Telephone: (212) 310-8000
         Facsimile: (212) 310-8007

The Creditors Committee is represented by:

         James S. Carr, Esq.
         KELLEY, DRYE & WARREN, LLP
         101 Park Avenue
         New York, NY 10178
         Telephone: (212) 808-7955
         Facsimile: (212) 808-7897

                About GT Advanced Technologies

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

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

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

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


GT ADVANCED: In Agreement with Apple on Sapphire Materials
----------------------------------------------------------
Peg Brickley and Daisuke Wakabayashi, writing for The Wall Street
Journal, reported that GT Advanced Technologies Inc. and Apple
Inc. have reached an agreement on terms for the wind-down of
sapphire-materials production in GT's Mesa, Arizona, and Salem,
Massachusetts, locations.

According to the report, citing a news release from GT, the
settlement with Apple releases GT from "exclusivity obligations
under its various agreements with Apple."  GT will own
"production, ancillary and inventory assets located in Mesa,"
while Apple gets a "mechanism for recovering its $439 million
prepayment made to GT," the report further related.

                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.


HEALTHWAREHOUSE.COM INC: Shareholders Elected 4 Directors
---------------------------------------------------------
Healthwarehouse.com, Inc., held an annual meeting of shareholders
on Oct. 17, 2014, at which the shareholders:

   (1) elected Lalit Dhadphale, Youssef Bennani, Joseph Savarino
       and Ambassador Ned L. Siegel to the Board of Directors;

   (2) approved, on an advisory basis, the compensation of the
       Company's named executive officers;

   (3) approved the 2014 Equity Incentive Plan;

   (4) approved an amendment to the Certificate of Incorporation
       to increase the number of authorized shares of common
       stock; and

   (5) ratified the appointment of Marcum LLP as the Company's
       independent registered public accounting firm for the year
       ending Dec. 31, 2014.

                     About HealthWarehouse.com

HealthWarehouse.com, Inc., headquartered in Florence, Kentucky,
is a U.S. licensed virtual retail pharmacy ("VRP") and healthcare
e-commerce company that sells brand name and generic prescription
drugs as well as over-the-counter ("OTC") medical products.

Marcum LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2012, citing significant losses and the need to raise additional
funds to meet the Company's obligations and sustain its
operations.

The Company reported a net loss of $5.57 million on $11.08 million
of net sales for the year ended Dec. 31, 2012, as compared with a
net loss of $5.71 million on $10.36 million of net sales during
the prior year.  As of June 30, 2014, the Company had $1.02
million in total assets, $5.50 million in total liabilities and a
$4.48 million total stockholders' deficit.

"Since inception, the Company has financed its operations
primarily through debt and equity financings and advances from
related parties.  As of June 30, 2014, the Company had a working
capital deficiency of $5,018,086 and an accumulated deficit of
$28,950,810.  During the six months ended June 30, 2014, and the
year ended Dec. 31, 2013, the Company incurred net losses of
$670,683 and $5,489,892, respectively and used cash in operating
activities of $79,176 and $1,024,781, respectively.   These
conditions raise substantial doubt about the Company's ability to
continue as a going concern," the Company stated in its quarterly
report for the period ended June 30, 2014.

                         Bankruptcy Warning

"The Company recognizes it will need to raise additional capital
in order to fund operations, meet its payment obligations,
including the terms of its Loan and Security Agreement... and
execute its business plan.  There is no assurance that additional
financing will be available when needed or that management will be
able to obtain financing on terms acceptable to the Company and
whether the Company will become profitable and generate positive
operating cash flow.  If the Company is unable to raise sufficient
additional funds, it will have to develop and implement a plan to
further extend payables, attempt to extend note repayments,
attempt to negotiate the preferred stock redemption and reduce
overhead until sufficient additional capital is raised to support
further operations.  There can be no assurance that such a plan
will be successful.  If the Company is unable to obtain financing
on a timely basis, the Company could be forced to sell its assets,
discontinue its operation and /or seek reorganization under the
U.S. bankruptcy code." the Company said in the Form 10-Q Report.


HIDILI INDUSTRY: Faces Challenges After Debt Repurchase
-------------------------------------------------------
Stephanie Gleason, writing for Daily Bankruptcy Review, reported
that Chinese coal company Hidili Industry International
Development Ltd. has completed a distressed debt repurchase of
more than half of its senior unsecured bonds, but the company is
still facing significant challenges.  According to the report,
earlier this month, Hidili announced the completion of a tender
offer during which it repurchased $197.2 million in senior
unsecured bonds due 2015, or 51.9% of the outstanding bonds.  The
execution of this deal removed all restrictive covenants and
events of default on the bonds, Hidili said, but it left $187.2
million outstanding and set to mature next year, the report
related.

                  About Hidili Industry

Hidili is a vertically-integrated coal mining enterprise in
southwestern China that supplies coking coal products to the
domestic steel industry. Hidili was listed on the Hong Kong Stock
Exchange in September 2007.

                        *     *     *

The Troubled Company Reporter, on Sep. 22, 2014, reported that
Standard & Poor's Ratings Services lowered its long-term corporate
credit rating on Hidili Industry International Development Ltd. to
'CC' from 'CCC'.  At the same time, S&P lowered the rating on the
company's senior unsecured notes to 'CC' from 'CCC-'.  S&P also
lowered its long-term Greater China regional scale rating on
Hidili to 'cnCC' from 'cnCCC' and that on the notes to 'cnCC' from
'cnCCC-'.

On the same date, Moody's Investors Service has downgraded to Caa3
from Caa2 the rating for the US$400 million 8.625% senior
unsecured notes due November 2015 ("2015 Notes") issued by Hidili
Industry and downgraded Hidili's corporate family rating to Caa2
from Caa1.

The downgrade was in view of Hidili's offer to buy back its senior
unsecured notes as a "distressed exchange," which, according to
S&P, was tantamount to an immediate default."  The proposed offer
represents a 30%-35% discount to the notes' par value.

Hidili offered to buy back its outstanding US$400 million senior
unsecured notes for US$680 plus a consent payment of US$20 per
US$1,000 principal amount if bondholders accept the offer before
an early tender deadline.  Bondholders who accept after that
deadline but before the expiration date will receive US$650 per
US$1,000.  Hidili was also seeking consent from bondholders to
amend restrictive covenants; the amendments would allow the
company to significantly increase its debt.


INTELLICELL BIOSCIENCES: Hires Dawson to Act as Advisor
-------------------------------------------------------
Intellicell Biosciences, Inc., executed an Advisory and Consulting
Agreement having an effective date of Oct. 7, 2014, with Dawson
James Securities, Inc., pursuant to which Dawson James will
provide consulting advice to the Company relating to capital
markets and business.  Those services will include, but not be
limited to, services as a placement agent as well as services
related to merger/acquisition matters.

The Company will pay Dawson James a nonrefundable fee paid as
preferred stock providing for a future conversion to the number of
shares of Company common stock equivalent to 10% of the then fully
diluted stock of the Company at the time of conversion.  The
Company's completion of a minimum of $15 million of new investor
financing, or the acquisition of the Company, will be the
conversion trigger for such preferred stock.  Furthermore, Dawson
James will be entitled to a Finder's Closing Fee (as such term is
defined in the Agreement) equal to eight percent (8%) of the
aggregate purchase price paid in connection with any transaction
consummated in whole or part during the term of the Agreement with
any investor introduced to the Company by Dawson James.  The
Agreement further provides that the Company will issue Dawson
James warrants as additional compensation.

Pursuant to the Agreement, the Company agrees to retain, and
Dawson James agrees to act, as the Company's lead underwriter for
the Company of registered securities to be issued by the Company,
including shares, and if applicable, warrants to purchase shares
of the Company's common stock in connection with a "best efforts"
or "firm commitment" offering to be made pursuant to an effective
registration statement to be filed by the Company under the
Securities Act of 1933, with said underwriting being completed
concurrent with the listing of the Company's stock on a national
exchange.

The Agreement further provides that the Company will indemnify and
hold harmless Dawson James and certain other indemnified parties
against certain liabilities incurred.

                   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, all current,
and a $12.29 million total stockholders' deficit.

"The Company has incurred losses since inception resulting in an
accumulated deficit of $61,164,954 and a working capital deficit
of $15,319,535 as of June 30, 2014, respectively.  Further losses
are anticipated in the continued development of its business,
raising substantial doubt about the Company's ability to continue
as a going concern.  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 stated in
the Form 10-Q for the quarterly period ended June 30, 2014.


LDK SOLAR: Commences Chapter 11 & Chapter 15 Cases in U.S. Court
----------------------------------------------------------------
LDK Solar CO., Ltd. in provisional liquidation and its Joint
Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of
Zolfo Cooper (Cayman) Limited, on Oct. 22 disclosed that on
October 21, 2014 three U.S. subsidiaries of LDK Solar, LDK Solar
Systems, Inc., LDK Solar USA, Inc. and LDK Solar Tech USA, Inc.
filed voluntary petitions to reorganize under Chapter 11 of the
United States Bankruptcy Code in the United States Bankruptcy
Court for the District of Delaware.  The U.S. Debtors commenced
the Chapter 11 Cases in order to implement the prepackaged plan of
reorganization, with respect to which the U.S. Debtors launched a
solicitation of votes on September 17, 2014 from the holders of
LDK Solar's 10% Senior Notes due 2014, as guarantors of the Senior
Notes, and required such holders of the Senior Notes to return
their ballots by October 15, 2014.  Holders of the Senior Notes
voted overwhelmingly in favor of accepting the Prepackaged Plan.

Contemporaneously with the filing of the Chapter 11 Cases, on
October 21, 2014, LDK Solar filed a petition in the same U.S.
Bankruptcy Court for recognition of the provisional liquidation
proceeding in the Grand Court of the Cayman Islands, as previously
announced by LDK Solar, as a foreign main proceeding under Chapter
15 of the United States Bankruptcy Code.

At a hearing on October 22, 2014, the U.S. Bankruptcy Court
ordered customary relief including the authority for the Debtors
to continue to maintain their existing banking structure, to honor
all obligations to employees, and to continue all of their
ordinary course activities during the restructuring.  The U.S.
Bankruptcy Court also scheduled a hearing for November 21, 2014 at
which it will consider confirmation of the Prepackaged Plan and
Chapter 15 recognition of the Cayman Proceeding.

Both the Chapter 11 Cases and Chapter 15 Case are vital steps in
LDK Solar's offshore restructuring, which LDK Solar hopes to
conclude in 2014.  More information about the Chapter 11 Cases and
Chapter 15 Case are available on the website of the U.S. Debtors'
U.S. Voting Agent, Epiq Bankruptcy Solutions, LLC, at
(http://dm.epiq11.com/LDK).

                         About LDK Solar

LDK Solar Co., Ltd. -- http://www.ldksolar.com-- based in Hi-
Tech Industrial Park, Xinyu City, Jiangxi Province, People's
Republic of China, is a vertically integrated manufacturer of
photovoltaic products, including high-quality and low-cost
polysilicon, solar wafers, cells, modules, systems, power
projects and solutions.

LDK Solar was incorporated in the Cayman Islands on May 1, 2006,
by LDK New Energy, a British Virgin Islands company wholly owned
by Xiaofeng Peng, LDK's founder, chairman and chief executive
officer, to acquire all of the equity interests in Jiangxi LDK
Solar from Suzhou Liouxin Industry Co., Ltd., and Liouxin
Industrial Limited.

The Company's balance sheet at June 30, 2014, showed $3.3 billion
in total assets, $5.23 billion in total liabilities and total
stockholders' deficit of $1.92 billion.

The Company had a working capital deficit and negative equity and
incurred net loss over the past years due to the overall market
decline and its financial performance.  Due to the impending
maturity of its Renminbi-denominated US$-settled 10% Senior Notes
due 28 February 2014, with an aggregate principal amount of RMB
1.63 billion, the Company decided to file the appointment of
provisional liquidators in the Grand Court of Cayman Islands
on 21 February 2014.  Eleanor Fisher and Tammy Fu of Zolfo Cooper
(Cayman) Limited were appointed as joint provisional liquidators
of the Company on 27 February 2014.  "These factors raise
substantial doubt as to our ability to continue as a going
concern," according to the Company's regulatory filing with the
SEC.


LEHMAN BROTHERS: Hudson City Bancorp Gets Claim Payment of $2.4MM
-----------------------------------------------------------------
Hudson City Bancorp, Inc. on Oct. 22 disclosed that it had two
collateralized borrowings in the form of repurchase agreements
totaling $100.0 million with Lehman Brothers, Inc. that were
secured by mortgage-backed securities with an amortized cost of
approximately $114.1 million.  The trustee for the liquidation of
Lehman Brothers, Inc. notified the Bank in the fourth quarter of
2011 that it considered its claim to be a non-customer claim,
which has a lower payment preference than a customer claim and
that the value of such claim is approximately $13.9 million
representing the excess of the fair value of the collateral over
the $100.0 million repurchase price.  At that time the Bank
established a reserve of $3.9 million against the receivable
balance at December 31, 2011.  On June 25, 2013, the Bankruptcy
Court affirmed the Trustee's determination that the repurchase
agreements did not entitle the Bank to customer status and on
February 26, 2014, the U.S. District Court upheld the Bankruptcy
Court's decision that the Bank's claim should be treated as a non-
customer claim.  As a result, the Bank increased our reserve by
$3.0 million to $6.9 million against the receivable balance during
the first quarter of 2014.  During the third quarter of 2014, the
Bank received a partial payment on its non-customer claim of $2.4
million reducing the claim amount to $4.5 million as of
September 30, 2014.

The disclosure was made in Hudson City Bancorp, Inc.'s earnings
release for the quarter ended September 30, 2013, a copy of which
is available for free at http://is.gd/HlEfJl

                    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 Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  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.  Several other affiliates followed
thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

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.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch 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 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.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

Lehman made its first payment of $22.5 billion to creditors in
April 2012 and a second payment of $10.2 billion on Oct. 1.  A
third distribution is set for around March 30, 2013.  The
brokerage is yet to make a first distribution to non-customers.

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.


LIGHTSQUARED INC: GPS Groups Want Quick Dismissal of Falcone Suit
-----------------------------------------------------------------
Joseph Checkler, writing for Daily Bankruptcy Review, reported
that the GPS companies and lobby group being sued by Phil Falcone
want a judge to reject LightSquared's request to halt most of the
suit, saying they soon could win a dismissal anyway.  According to
the report, in a filing with U.S. Bankruptcy Court in Manhattan,
lawyers for the global-positioning-systems companies and the U.S.
GPS Industry Council said waiting for a judge's ruling on the
dismissal request would be better for LightSquared.

                     About LightSquared Inc.

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

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

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

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


LOU PEARLMAN: Backstreet Boys Settle Bankruptcy Claims
------------------------------------------------------
Jacqueline Palank, writing for The Wall Street Journal, reported
that the Backstreet Boys have settled their claims against their
creator, Lou Pearlman, whose bankruptcy filing preceded the
onetime music mogul's arrest on fraud charges.  According to the
report, under the settlement, the band members, who said Mr.
Pearlman and his Trans Continental Records owed them roughly $3.5
million, will receive $90,000 on account of their claims.  They'll
also get to take possession of a variety of recordings of their
music as well as a "Star Trek Adventure" VHS tape, the report
related.


MASON COPPELL: Plan Confirmation Hearing to Begin on Nov. 24
------------------------------------------------------------
Judge Stacey Jernigan of the United States Bankruptcy Court for
the Northern District of Texas approved the Disclosure Statement
accompanying the First Amended Plan of Liquidation for Mason
Coppell OP, LLC, et al., filed by the Official Committee of
Unsecured Creditors.

Judge Jernigan also established deadlines and procedures for
submission of Plan ballots and objections to confirmation, and set
a date to consider confirmation of the Plan.  Judge Jernigan set
these dates:

   * Record Date: October 14, 2014;

   * Solicitation Mailing Date: October 17, 2014;

   * Voting Deadline: November 18, 2014, at 4:00 p.m.;

   * Plan Objection Deadline: November 18, 2014, 4:00 p.m.;

   * Filing of Ballot Summary: November 21, 2014; and

   * Confirmation Hearing Date: November 24, 2014, at 10:30 a.m.
     The Confirmation Hearing may continue to other dates as
     necessary and ordered by the Court

Under the Plan, the Committee proposes to administer these assets
through a Liquidating Trust and appoint a Liquidating Trustee to,
among other things:

   (1) allocate the sale proceeds as set forth in the Plan;

   (2) pay all secured claims, administrative expenses and
       priority claims;

   (3) liquidate all remaining assets, converting those assets to
       cash; and

   (4) 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") 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.  The percentage divisions were calculated to (x) allocate
the remaining 75% of the sale proceeds from the Fundamental Sale
among Mason Coppell, Mason Georgetown and Mason Round Rock; (y)
shift a greater percentage of the burden to pay Administrative
Claims on the three foregoing estates actually involved in the
Fundamental sale (i.e., Mason Friendswood's estate pays a smaller
share of the Administrative Claims); and (z) utilize all Oxford
Debtors' assets equally to satisfy the Oxford Secured Claim.

Based on these proposed allocations and divisions, the Committee
anticipates that general unsecured creditors of the Oxford Debtors
will receive distributions of 4% to 7%, and creditors of
Mason Mesquite will receive distributions in the range of 25% to
30% of their Allowed Claims.

Copies of the Disclosure Statement Order and the Amended Plan are
available for free at:

   * http://bankrupt.com/misc/MasonCoppell_1stAmdDS.pdf
   * http://bankrupt.com/misc/MasonCoppell_DS_Order.pdf

                       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.


METALICO INC: Closes Debt Restructuring, Sees Improved Q3 Results
-----------------------------------------------------------------
Metalico, Inc., has closed a restructuring of its major
institutional debt that significantly reduces its leverage with an
equity conversion and an exchange of new ten-year convertible
notes and stock rights for the balance of its previously
outstanding Convertible Notes.

The Company also amended its senior secured financing agreement.
As a result of the Note restructuring and the financing agreement
amendment, Metalico's previously announced payment and covenant
defaults have been waived and a standstill period invoked in July
under the terms of a subordination agreement between the Company's
senior secured lenders and the holders of its Convertible Notes
and their respective successors and assigns has been terminated.

The Company also announced plans for its Third Quarter Results
conference call on Friday, Nov. 14, 2014, at 10:00 a.m. ET amid
expectations of improved operating performance compared to the
prior year quarter.

Metalico's original Convertible Notes, issued in the principal
amount of $100 million in 2008, had an outstanding balance of
$23.4 million when they were put to the Company on June 30, 2014.
On Oct. 17, 2014, the Note holders converted $10 million of the
debt to Metalico common stock under the terms of the 2008 Notes at
a rate of approximately $1.00 per share.  Pursuant to an Exchange
Agreement dated Oct. 21, 2014, the holders exchanged the remaining
principal balance plus accrued unpaid interest, a total of
approximately $14.7 million, for three sets of "New Series
Convertible Notes" and a right to receive additional common shares
in the event the trading price of the Company's stock falls below
certain values, determined at the fortieth trading day after the
date of the Exchange Agreement.

The aggregate principal amounts of both the "Series A" of New
Series Convertible Notes and "Series C" New Series Convertible
Notes is approximately $4.5 million and the aggregate principal
amount of the "Series B" New Series Convertible Notes is
approximately $5.7 million.  The New Series Convertible Notes
mature on July 1, 2024 and bear interest, payable in kind, at a
rate of 13.5% per annum.  The new interest rate is applicable
retroactively to balances under the original Convertible Notes as
of July 1, 2014.  Portions of the new notes may be paid from
proceeds of Metalico's previously announced planned divestiture of
non-core assets.

"Series A" New Series Convertible Notes may be converted into
shares of Metalico common stock at any time after issuance at a
rate of $1.30 per share.  The Company may not redeem any portion
of the Series A Notes prior to July 1, 2017, and after that may
redeem all or a portion of the balance subject to a premium
payable in additional shares of stock.

"Series B" and "Series C" New Series Convertible Notes will be
assigned their conversion rates based on a "Note VWAP" calculation
triggered as of the determination dates of Dec. 31, 2014, and
April 30, 2015, respectively.  "Note VWAP" is the weighted average
price of Metalico common stock for a thirty-day trading period
including the fifteen trading days prior to, and the fifteen
trading days commencing on, the applicable determination date.  As
of the end of the applicable Note VWAP measuring period, each new
series will have a conversion rate of 110% of its respective Note
VWAP and will be convertible to Metalico common stock as of such
date.

All or a portion of the Series C and Series B New Convertible
Notes may be redeemed by the Company, in that order, from portions
of the proceeds of the Company's previously announced planned
divestiture of non-core assets in certain stated and permitted
amounts.  Redemptions of Series B and Series C Notes from proceeds
of such asset sales before their respective determination dates
may be made at par without premium or penalty, and after such
dates subject to the same premium as the Series A Notes.

The New Series Convertible Notes provide for "true-up's" of shares
at a discount in the event the trading price of Metalico stock
falls below certain levels during a twenty- day trading period
following the date of redemption by the Company.

In connection with the restructuring of its convertible note debt,
Metalico also amended its senior secured financing agreement.  The
modifications include increases to certain fees and to applicable
margins over certain interest rates, a resetting of a financial
covenant, and consent to the Note restructuring.

The senior lenders also received an additional fee of $3.5 million
that is payable either in cash at the maturity of the outstanding
term loans under the agreement and/or, at the holder's option, but
without duplication, in shares of the Company's common stock
pursuant to a warrant issued at closing.  The lenders' warrant has
a ten-year term and is exercisable for up to 3,810,146 shares of
Metalico stock at an exercise price of $.9186 per share.  It is
also exercisable on a "cashless" basis.  The warrant shares and
the shares issued and to be issued to the Note holders are also
subject to certain antidilution protections.  The Company will not
receive any cash proceeds as a result of any of the described
transactions.

Under certain rules of the NYSE MKT, the Company is required to
seek stockholder approval for the right to issue more than 20% of
the Company's outstanding common stock as a result of potential
issuances pursuant to the Exchange Agreement and the New
Convertible Notes.  The Company has agreed to seek such
stockholder approval on or prior to Dec. 20, 2014.

If, despite the Company's reasonable best efforts, stockholder
approval is not obtained by that date, Metalico is required to
cause additional special meetings of stockholders to be held until
stockholder approval is obtained, provided that the Company is not
obligated to hold more than two special meetings in addition to
the Company's regular annual meeting in any given calendar twelve-
month period.  If the Company is not able to issue the additional
common shares due under the Note exchange in compliance with NYSE
MKT rules within ten days of the issuance date, the Company will
instead increase the outstanding principal amount of the Series B
Notes or, if no principal amounts are then outstanding under the
Series B Notes, the principal amount of the Series A Notes. The
Company would similarly be obligated to pay cash in lieu of the
shares of common stock that would be otherwise payable under the
warrant.

Metalico has filed a Current Report on Form 8-K with the U.S.
Securities and Exchange Commission describing in significantly
more detail the terms of the Convertible Note restructuring and
the amendments to the financing agreement.  A copy of the
regulatory filing is available at http://is.gd/lZl1l4

Metalico was represented in the restructurings by internal counsel
and Lowenstein Sandler LLP.  Imperial Capital, LLC, served as the
Company's financial advisor.

For the Third Quarter, Metalico anticipates total sales of $146
million, an increase of approximately 7% from $136 million in the
same period last year.  Operating income improved and is
anticipated to be between $2.5 million and $3.0 million, compared
to operating income of $1.8 million (excluding impairment charges)
in the same period last year. Metalico estimates that reported
EBITDA for the quarter will be in a range of $7 million to $7.5
million, compared to $6.5 million for the same quarter in 2013.

Metalico will report financial results for the quarter ended
Sept. 30, 2014, and provide an update on business developments in
a conference call on Friday, Nov. 14, 2014, at 10:00 a.m. ET. The
Company is scheduled to release its results earlier that day.

The conference call can be accessed by dialing (800) 446-1671
(toll free) or (847) 413-3362 (toll), Conference Confirmation
Number 38304004.  Callers should identify the Metalico Third
Quarter Results Call.

A transcript of the results call will be posted on the Company's
website, www.metalico.com, when available.  An audio replay of the
call will be accessible at (888) 843-7419 (toll free) or (630)
652-3042 (toll) for the first week after the call's conclusion.
Callers will be required to enter the Conference Confirmation
Number to access the recording.

                          About Metalico

Metalico, Inc. is a holding company with operations in two
principal business segments: ferrous and non-ferrous scrap metal
recycling, and fabrication of lead-based products. The Company
operates recycling facilities in New York, Pennsylvania, Ohio,
West Virginia, New Jersey, Texas, and Mississippi and lead
fabricating plants in Alabama, Illinois, and California.
Metalico's common stock is traded on the NYSE MKT under the symbol
MEA.

Metalico reported a net loss attributable to the Company of $34.81
million in 2013 following a net loss attributable to the Company
of $13.11 million in 2012.  Metalico incurred a net loss
attributable to the Company of $3.61 million for the six months
ended June 30, 2014.

As of June 30, 2014, the Company had $299.05 million in total
assets, $154.58 million in total liabilities and $144.46 million
in total equity.


MIDTOWN SCOUTS: Edward L. Rothberg Notes Change of Address
----------------------------------------------------------
Edward L. Rothberg of Hoover Slovacek LLP, counsel for Midtown
Scouts Square Property, LP, et al., notified the Bankruptcy Court
of the firm's change of address.

Effective Aug. 25, 2014, the office's new address is:

         Galleria Tower II
         5051 Westheimer, Suite 1200
         Houston, TX 77056

All e-mail addresses, phone and fax numbers will remain the same
for Mr. Rothberg.

                    About Midtown Scouts Square

Midtown Scouts Square Property, LP, and affiliate Midtown Scouts
Square, LLC, own two commercial properties located in Midtown
Houston, Texas.  The first property is a mixed use 36,000-square-
foot two-storey office/restaurant building originally constructed
in 1975, while the second property is a 104,000-square foot eight-
storey parking garage with ground floor retail space, both in
Bagby Street, in Houston.

The two entities sought Chapter 11 protection (Bankr. S.D. Tex.
Lead Case No. 13-32920) on May 9, 2013.  The petitions were signed
by Erich Mundinger as president of general partner.  Judge Karen
K. Brown presides over the case.  In its schedules, MSS Property
disclosed $17,408,328 in assets and $16,666,325 in liabilities.
Edward L. Rothberg, Esq. at Hoover Slovacek, LLP, serves as the
Debtor's counsel.  Hawash Meade Gaston Neese & Cicack, LLP, serves
as special litigation counsel.

The U.S. Trustee has not appointed an official committee of
unsecured creditors in the Debtors' bankruptcy cases.


MILLER AUTO PARTS: Seeks Authority to Sell Assets Free of Liens
---------------------------------------------------------------
Miller Auto Parts & Supply Company, Inc., Johnson Industries,
Inc., Miller Auto Parts & Paint Company, Inc., and
AutoPartsTomorrow.com, LLC, ask the United States Bankruptcy Court
for the Northern District of Georgia to:

   (a) enter an order shortening notice and scheduling an
       expedited hearing to consider approval of certain bidder
       protections for one or more proposed "stalking horse"
       purchasers with whom one or more of the Debtors reach
       agreement to sell any or all of their assets, which bidder
       protections include payment of a proposed "Break-Up Fee,"
       and scheduling an auction sale;

   (b) following the conclusion of the Procedures Hearing, enter
       an order:

       * approving the proposed bidder protections and bid
         procedures and scheduling the proposed Auction Sale; and

       * scheduling a further hearing to consider approval of one
         or more proposed definitive asset purchase agreements
         between one or more of the Debtors and any Initial
         Bidder, or between one or more of the Debtors and any
         other bidder, who will have submitted the highest and
         best offer for the purchase of some or all of the
         Debtors' assets; and

   (c) following the conclusion of the Sale Hearing, enter an
       order:

       * approving an Agreement with any proposed Purchaser;

       * authorizing and approving the sale to any Purchaser the
         assets, which the Debtors propose to sell in the
         underlying Agreement free and clear of all liens,
         claims, interests and encumbrances;

       * authorizing the Debtors to assume and assign to each
         proposed Purchaser some or all of the Debtors' executory
         contracts and agreements and unexpired licenses and
         leases as set forth in the underlying Agreement, to be
         identified prior to the Sale Hearing;

       * fixing cure costs under Section 365 (b)(1) of the
         Bankruptcy Code; and

       * waiving the automatic 14-day stay following entry of the
         order in order to permit the Debtors to consummate
         immediately the sale of any Identified Assets and the
         assumption and assignment of Assigned Contracts to one
         or more Purchasers.

The Debtors believe that sale of Identified Assets as requested
herein and set forth in detail in any Agreement with a proposed
Purchaser will provide a significantly greater realization for
Identified Assets than the liquidation value that would be
obtained if the assets were not sold expeditiously and the
Debtors' business was forced to cease operations.

                     About Miller Auto Parts

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

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

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

The U.S. Trustee for Region 21 appointed three creditors of Miller
Auto Parts & Supply Company Inc. to serve on the official
committee of unsecured creditors.  The Committee selected Kane
Russell Coleman & Logan as its counsel.


MILLER AUTO PARTS: Creditors Committee Objects to Sale Motion
-------------------------------------------------------------
The Official Committee of Unsecured Creditors in the bankruptcy
cases of Miller Auto Parts & Supply Company, Inc., et al., tells
the United States Bankruptcy Court for the Northern District of
Georgia that it does not oppose the sale process.  On the
contrary, the Committee says it is fully committed to furthering
and supporting an active and robust process that puts the Debtors
in the best position to maximize the sale prices of the Debtors'
assets.

However, the Committee says it objects to two provisions in the
proposed Procedures Order on the grounds that the provisions may
unnecessarily discourage parties from participating in the process
or chill bidding at the Auction.  Specifically, the Committee
objects to the provision related to the Break-Up Fee and the
provision related to the "topping" bid.

The Procedures Order proposes a Break-Up Fee of 4% where the total
cash purchase price proposed is $5 million or less and 3% where
the total cash purchase price proposed is greater than $5 million.

Representing the Committee, Joseph M. Coleman, Esq., at Kane
Russell Coleman & Logan PC, in Dallas, Texas -- jcoleman@krcl.com
-- states that the language in the Procedures Order is not clear
as to whether the percentage amount will be applied to the amount
of the Initial Bidder's bid, or if it will be applied to the
ultimate sale price.  He contends that the proposed Break-Up Fee
is slightly more than the average, in the case of sales over $5
million, and significantly more than the average, in the case of
sales under $5 million.

The Committee submits that due to the circumstances of this case,
the proposed Break-Up Fee should be set at a flat 2.5%, which is
slightly less than the average.  Mr. Coleman notes that the
Debtors' bankruptcy cases involve a large number of unsecured
creditors with uncertain recovery prospects, meaning that every
cent counts with respect to the costs associated with
administering the sale.  He adds that while a slight change in the
percentage will make a big difference to creditors, it is unlikely
that the Debtors will be able to show that that change will dis-
incentivize Initial Bidders to participate in the process.

The Procedures Order also proposes a "topping" bid that a bidder
will be required to make, consisting of the Break-Up Fee, "plus
the lesser of the purchase price or $75,000."  Currently, there is
only one Initial Bidder (Fisher Auto Parts, Inc.) for one set of
assets.  The Committee is hopeful that, prior to service of the
Procedures Order, additional Initial Bidders will be identified
with bids for other portions of the Debtors' assets.

At this point, however, it is not clear which assets may be
subject to offers by other Initial Bidders, and whether a $75,000
topping bid amount will be a significant percentage of those
amounts, Mr. Coleman contends.  Therefore, the Committee proposes
that the Procedures Order entered by the Court include a provision
related to the topping bid that will allow the Debtors to alter or
otherwise waive the $75,000 topping bid amount, upon consultation
with the Committee and First Capital Holdings Inc.

The Committee points out that this will allow the Debtors to have
the tools necessary to deal with what may be complicated offers by
various parties for different sets of assets.

                     About Miller Auto Parts

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

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

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

The U.S. Trustee for Region 21 appointed three creditors of Miller
Auto Parts & Supply Company Inc. to serve on the official
committee of unsecured creditors.  The Committee selected Kane
Russell Coleman & Logan as its counsel.


MUSCLEPHARM CORP: Chief Marketing Officer Quits
-----------------------------------------------
Mr. Sydney Rollock resigned his position as chief marketing and
sales officer of MusclePharm Corporation on Oct. 14, 2014,
according to a regulatory filing with the U.S. Securities and
Exchange Commission.

Simultaneously with Mr. Rollock's resignation as an employee of
the Company, Mr. Rollock and the Company entered into a Separation
and Release of Claims Agreement pursuant to which Mr. Rollock
ended his employment with the Company.

Pursuant to the Release Agreement, Mr. Rollock will receive (i)
his current base salary up to and including Dec. 31, 2014, (ii)
$112,500, to be paid on Dec. 31, 2014, and (iii) all unvested
restricted stock units owned by Mr. Rollock pursuant to a
previously executed RSU Agreement (as it is defined the Release
Agreement) will vest as scheduled notwithstanding Mr. Rollock's
resignation, in exchange for releasing and discharging the Company
and its affiliates and subsidiaries from any and all claims of any
kind arising out of, or related to, his employment and separation
from employment with the Company.

Mr. Rollock's resignation was not as a result of any disagreements
with the Company's operations, policies or practices.

Meanwhile, on Sept. 25, 2014, the Superior Court of New Jersey Law
Division: Bergen County ordered judgment in favor of MusclePharm
Corporation in a law suit, Docket No.: BER-L-681-14, the Company
filed against defendant Anthony Connors for defamation and trade
libel seeking injunctive relief and damages.  Pursuant to the
Order for Judgment, the Court awarded damages in the amount of
$5,086,000 plus punitive damages in the amount of $1,000,000.

                         About MusclePharm

Headquartered in Denver, Colorado, MusclePharm Corporation
(OTC BB: MSLP) -- http://www.muslepharm.com/-- is a healthy life-
style company that develops and manufactures a full line of
National Science Foundation approved nutritional supplements that
are 100 percent free of banned substances.  MusclePharm is sold in
over 120 countries and available in over 5,000 U.S. retail
outlets, including GNC and Vitamin Shoppe.  MusclePharm products
are also sold in over 100 online stores, including
bodybuilding.com, Amazon.com and Vitacost.com.

MusclePharm reported a net loss after taxes of $17.71 million in
2013, a net loss after taxes of $18.95 million in 2012, and a net
loss of $23.28 million in 2011.  As of June 30, 2014, the Company
had $66.93 million in total assets, $28.83 million in total
liabilities, and $38.09 million in total stockholders' equity.


NATIONAL AIR: Files Chapter 11 Bankruptcy Petition
--------------------------------------------------
National Air Cargo, Inc., a freight forwarder specializing in
difficult-to-move cargo, on Oct. 20 disclosed that it has filed a
voluntary petition for relief under Chapter 11 of the United
States Bankruptcy Code in the United States Bankruptcy Court for
the Western District of New York.

National Air Cargo, Inc. (NAC Inc.) is a subsidiary company of
National Air Cargo Holdings, Inc., a Florida corporation with more
than 20 different subsidiary companies.  National Air Cargo
Holdings, Inc., National Airlines and National Air Cargo Holdings,
Inc.'s other global subsidiary companies are not parties to and
have nothing to do with the bankruptcy filed by NAC Inc., a New
York corporation.

NAC Inc. and its predecessor have been in business for more than
23 years.  Despite downturns in the economy NAC Inc. has continued
to run a stable business; however, in October 2013, a United
States District Court entered a judgment against NAC Inc.  The
case was filed by start-up Global BTG in 2010, and alleged that
NAC Inc. breached a Letter of Intent by failing to finance
aircraft leases through Global.  NAC Inc. continues to contend
there was no enforceable agreement and there was no breach.  NAC
Inc. has an appeal pending at the United States Court of Appeals
for the Ninth Circuit.

Filing bankruptcy allows NAC Inc. to continue business without the
immediate threat of Global's  judgment, and therefore permits NAC
Inc. to continue serving its clients, making payments to all of
its business partners, and employing its valued team members in
the Orchard Park New York and Herndon Virginia areas.

Christopher Alf, CEO of NAC Inc., explained, "We have appealed the
unjustified and unexpected verdict in the case brought by Global
BTG in 2010, but unfortunately that appeal will not be decided for
some time.  We believe we will be victorious in the appeal.
Seeking Chapter 11 relief will permit NAC Inc. to serve its
customers while reorganizing NAC Inc.'s financial situation caused
by this one off event.  Our focus at this time is to continue to
offer the same high level of service our customers expect and rely
on."

Mark Burgess, Managing Director of NAC Inc., says his team in
Orchard Park "is committed to continuing uninterrupted diligent
hard work in routing challenging cargo to locations around the
globe.  My team gives 110% every day, that won't change.  We'll
move cargo -- whether it's lifesaving medical equipment or mission
critical aircraft parts -- it's what we do best."   Brian Conaway,
Vice President of Finance for the parent company, added, "We
remain committed to performing under all our contracts and growing
our business."


                     About National Air Cargo

National Air Cargo, Inc. -- http://www.nationalaircargo.com/-- is
incorporated in the state of New York and operates out of Orchard
Park New York.  The parent company is incorporated in the state of
Florida.  National Air Cargo, Inc. provides transportation and
logistics solutions to get cargo quickly and safely to wherever it
needs to be.


NATIONAL MENTOR: Moody's Raises Corporate Family Rating to B2
-------------------------------------------------------------
Moody's Investors Service upgraded National Mentor Holdings,
Inc.'s Corporate Family Rating to B2 from B3, Probability of
Default rating to B2-PD from B3-PD, and Senior Unsecured Notes to
Caa1 from Caa2. Moody's also affirmed the B1 ratings on the
company's senior secured credit facilities, as well as its SGL-2
speculative grade liquidity rating, signifying good liquidity. The
rating outlook is stable. This rating action concludes the ratings
review of National Mentor initiated on September 17, 2014.

The upgrade of the Corporate Family Rating reflects the
improvement in National Mentor's financial leverage, namely the
redemption of $162 million of the company's outstanding $212
million 12.5% senior unsecured notes with $199 million in proceeds
raised from an initial public offering ("IPO"). The debt repayment
has resulted in an improvement in the company's pro forma
financial leverage to approximately 5.2x from 6.0x for the 12
months ended June 30, 2014. Moody's expects National Mentor's
financial leverage to remain within a range of 4.8x to 5.2x over
the next 12 to 18 months, and that the company will maintain a
disciplined acquisition strategy and good availability under
combined sources of internal and external liquidity.

As National Mentor reduced the amount of its senior unsecured
notes outstanding, the remaining debt is predominantly comprised
of senior secured credit facilities, with reduced loss absorption
in the form of junior debt. As such, concurrent with the upgrade
of the CFR to B2, the senior secured credit facilities remain B1,
one-notch above the CFR, compared to the prior two-notch gap,
reflecting the reduced loss absorption provided by the senior
unsecured notes.

Following is a summary of Moody's rating actions:

National Mentor Holdings, Inc.

Ratings upgraded:

  Corporate Family Rating to B2 from B3

  Probability of Default Rating to B2-PD from B3-PD

  Senior Global Notes to Caa1 (LGD6) from Caa2 (LGD5)

Ratings affirmed:

  Senior secured credit facilities at B1 LGD3

  Speculative Grade Liquidity Rating at SGL-2

Outlook Actions:

  Outlook, Changed To Stable From Rating Under Review

Rating Rationale

National Mentor's B2 Corporate Family Rating reflects the
company's high financial leverage, high exposure to federal and
state reimbursement, high revenue concentration among its largest
states, and exposure to potential state budget pressures. However,
the ratings also reflect the company's leading position in the
otherwise fragmented market of home and community-based human
services.

The stable outlook reflects Moody's expectation that the company
will be able to effectively manage potential reimbursement
pressures or other operating challenges, while preserving
operating performance. National Mentor should continue to benefit
from its considerable scale in its sector and its market position.
However, Moody's expects leverage to remain high and interest
coverage to remain moderate.

Given Moody's expectation that leverage will remain high and
interest coverage will remain moderate, the rating agency does not
foresee a further rating upgrade over the near term. However, the
rating could be upgraded if performance improves and financial
leverage moderates such that debt/EBITDA approaches 4.0 times.

The ratings could be downgraded if there is deterioration in the
company's operating performance, such that free cash flow turns
negative on a sustained basis, or if the company undertakes
material debt-financed acquisitions or shareholder initiatives. In
particular, the ratings could be downgraded if adjusted
debt/EBITDA approaches 6 times.

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

Headquartered in Boston, MA, National Mentor Holdings, Inc.
(National Mentor) through its subsidiaries, provides home and
community-based health and human services to (i) individuals with
intellectual or developmental disabilities; (ii) persons with
acquired brain injury and other catastrophic injuries and illness;
and (iii) at-risk youth with emotional, behavioral or medically
complex needs and their families. For the twelve months ended June
30, 2014, and on a pro forma basis for the acquisition of Mass
Adult Day Health Alliance, the company generated net revenue of
approximately $1.3 billion.


NATROL INC: Has Until Jan. 7 to File Notices to Remove Actions
--------------------------------------------------------------
The U.S. Bankruptcy Court extended until Jan. 7, 2015, the period
within which Natrol Inc., et al., may remove actions pending in
various state and federal courts as of their bankruptcy filing.

As reported in the Troubled Company Reporter on Sept. 11, 2014,
the Debtors said that since the petition date, they have been
working to ensure their smooth entry into chapter 11 and deal with
issues related to the commencement of the cases, including, inter
alia, preparing and filing their schedules of assets and
liabilities, producing monthly operating and other reports,
responding to creditor inquiries and demands, retaining
professionals, evaluating their existing contracts and leases,
addressing vendor issues, and handling the other various tasks of
the administration of their bankruptcy estates.

                        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.

The Debtors reported total assets of $83,932,462 and total
liabilities of $87,174,387.


NAUTILUS HOLDINGS: Solicitation Period Extended to Mid-January
--------------------------------------------------------------
Judge Robert Drain of the U.S. Bankruptcy Court for the Southern
District of New York extended Nautilus Holdings Limited, et al.'s
exclusive period to solicit acceptances of its plan until Jan. 15,
2015.  According to Law360, Nautilus will use the time to cut
deals with bank syndicate lenders skeptical of its proposed
restructuring plan, which is purportedly being challenged by a
mystery investor who wants to acquire a blocking position in its
debt.

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.


NCL CORP: Moody's Rates New $500MM Term Loan B 'Ba2'
----------------------------------------------------
Moody's Investors Service rated NCL Corporation Limited's ( dba
Norwegian Cruise Line) new proposed $500 million term loan B at
Ba2. At the same time, Moody's affirmed Norwegian's Ba3 Corporate
Family Rating, Ba3-PD Probability of Default Rating, and SGL-2
Speculative Grade Liquidity Rating. The rating outlook has been
revised to stable from negative(m).

Ratings Rationale

The proposed $500 million term loan B along with a proposed $450
million increase in the size of Norwegian's existing $633 million
term loan A, a senior unsecured debt offering or bridge loan, and
an equity issuance of 20.3 million shares will be used to finance
the $3.025 billion acquisition of Prestige Cruises International,
Inc. Prestige is the parent company of Oceania Cruises Inc. and
Seven Seas Cruises S. DE R.L. Upon closing of the acquisition,
Prestige's existing debt (excluding its new build ship debt) will
be repaid and all the existing ratings of Oceania Cruises Inc. and
Seven Seas Cruises S. DE R.L. will be withdrawn.

For NCL Corporation Limited:

Ratings assigned:

  Proposed $500 million term loan B at Ba2, LGD 3

Ratings affirmed:

  Corporate Family Rating at Ba3

  Probability of Default Rating at Ba3-PD

  Speculative Grade Liquidity Rating at SGL-2

Ratings confirmed:

  $625 million revolving credit facility due 2018 at Ba2, LGD 3

  Upsized $1.1 billion term loan A (originally $675 million) due
  2018 at Ba2, LGD 3

  $300 million senior unsecured notes due 2018 at B2, LGD 6

This rating action concludes the review-direction uncertain on
Norwegian's individual debt instruments that was initiated on
September 3, 2014.

The change in rating outlook to stable acknowledges that Moody's
believes Norwegian's earnings growth over the next twelve to
eighteen months supports it quickly reducing its leverage
following the close of the acquisition. The stable outlook
reflects that Moody's expects Norwegian's earnings will grow such
that debt to EBITDA will fall below 5.25 times by December 31,
2015.

The affirmation of Norwegian's Ba3 Corporate Family Rating
reflects Moody's positive view of the Prestige acquisition given
the resulting combined company's larger scale, greater operating
leverage, and increased diversification into the premium and
luxury segments of the cruise industry. Although Norwegian will
remain the third largest cruise company, its net revenues will
increase about 39% to about $3 billion pro forma for the
acquisition and the number of its ships will grow from 13 to 21.
Norwegian's well known brand name -- Norwegian Cruise Line -- and
the young age of its cruise ship fleet, enables the company to
effectively compete against its larger rivals, Carnival Corp
(Baa1, stable) and Royal Caribbean (Ba1, stable) . In addition,
the acquisition of Prestige will reduce Norwegian's revenue
reliance on the heavily saturated Caribbean market from around 49%
to about 43% going forward.

Pro forma for the acquisition, Moody's estimates that Norwegian's
debt to EBITDA is high at 5.8 times and EBIT to interest expense
is 2.9 times for the twelve months ended June 30, 2014. The
ratings considers Moody's view that Norwegian is committed to
reducing debt to EBITDA post acquisition. Moody's expects
Norwegian's debt to EBITDA to quickly improve driven by earnings
growth in the 12 to eighteen months following the acquisition.

The rating also considers the current promotional pricing
environment of the cruise industry as well as rising industry-wide
capacity that could dampen the pace of cruise price improvement.
However, the ratings incorporate Moody's favorable medium term
growth outlook for global leisure travel and the expectation that
the cruise industry will capture its share of this growth.

Ratings could be upgraded should Norwegian sustain debt to EBITDA
below 4.5 times and EBIT to interest expense above 3.0 times so
long as the outlok for the cruise industry is stable. A ratings
upgrade would also require a financial policy that supports credit
metrics remaining at these levels.

Ratings could be downgraded should Norwegian's operating
performance weaken or its financial policy change such that it is
unlikely it will reduce debt to EBITDA to below 5.25 times within
eighteen months of closing the Prestige acquisition or should EBIT
to interest expense decline below 2.0 times.

NCL Corporation Ltd., headquartered in Miami, FL, is a wholly
owned subsidiary of Norwegian Cruise Line Holdings Ltd. It
operates 13 cruise ships that offer itineraries in North and South
America as well as Europe. Genting HK, TPG, and affiliates of
Apollo Management own approximately 55.4% of the company. The
remainder of the company's shares are publically traded. Annual
net revenues are over $2 billion.

In September 2014, Norwegian reached an agreement to acquire
Prestige Cruises International, the parent company of Oceania
Cruises and Seven Seas cruises. Oceania is a five ship cruise
company in the premium segment of the industry with destination
oriented cruises. Oceania's annual revenues are over $490 million.
Seven Seas is a three ship cruise operator that targets the luxury
segment. Seven Seas generates about $365 million of revenues.

The principal methodology used in this rating was Global Lodging &
Cruise Industry Rating Methodology published in December 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.


NCL CORP: S&P Assigns 'BB+' Rating on $500MM Term Loan B
--------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB+' issue-level
rating and '1' recovery rating to NCL Corp. Ltd.'s planned $500
million term loan B due 2021.  The '1' recovery rating on the
facility indicates S&P's expectation for very high (90% to 100%)
recovery for lenders in the event of a payment default.  S&P also
affirmed its 'BB+' issue-level rating and '1' recovery rating on
NCL's term loan A due 2018 following the planned add-on of $450
million in term loan debt.  Following the completion of the
transactions, the planned total size of the term loan A will be
approximately $1.1 billion.

At the same time, S&P affirmed all issue-level ratings on NCL,
including its 'BB-' issue-level and '3' recovery ratings on the
company's unsecured notes.  S&P removed all issue-level ratings
from CreditWatch, where it had placed them with negative
implications on Sept. 3, 2014 following the announcement of the
Prestige acquisition.  The resolution of our CreditWatch follows
S&P's assessment of the company's expected post-acquisition
capital structure.  The '3' recovery rating on NCL's unsecured
debt reflects S&P's expectation for meaningful (50% to 70%)
recovery prospects for noteholders.  The affirmation on the senior
unsecured notes also assumes NCL is contemplating up to $780
million in new unsecured notes to finance the Prestige
acquisition.

NCL will use the proceeds from the planned term loan issuances,
along with up to $780 million of new unsecured debt, to help fund
the acquisition of Prestige Cruises International Inc., owner of
Oceania Cruises Inc. and Seven Seas Cruises S. DE R.L.

"Our 'BB-' corporate credit rating and stable rating outlook on
NCL are unchanged.  We affirmed the corporate credit rating on NCL
and revised our rating outlook to stable from positive on Sept. 3,
2014 upon NCL's announcement it had agreed to acquire Prestige
Cruises International for $3.025 billion.  The affirmation
reflected our view that the acquisition strengthens NCL's business
profile and offsets additional leverage to complete the
acquisition.  In addition, the significant portion of equity
financing that NCL plans to issue limits the increase in leverage
related to the acquisition.  The acquisition improves NCL's scale,
scope, and diversity, by adding two new brands in different price
segments, as well as 20% in additional capacity, to NCL's existing
fleet.  Furthermore, the combined entity's larger scale improves
NCL's ability to internally fund future ship deliveries.  We
believe that the combined entity's greater scale, as well as a
complementary schedule of new ship deliveries over the next
several years, will position NCL to be able to improve leverage
over the next several years," S&P said.

S&P expects NCL's leverage, pro forma for the acquisition, will
increase to the low-to-mid-5x area in 2014 and improve to around
5x by the end of 2015.  Funds from operations to debt will average
around 15% and EBITDA coverage of interest will be above 4x
through 2015.  S&P expects NCL will be able to reduce leverage
further in 2016, to the low- to mid-4x area, because of new ship
deliveries that will add additional capacity and support of fleet-
wide yield growth and meaningful EBITDA growth.

RATINGS LIST

NCL Corp. Ltd.
Corporate Credit Rating           BB-/Stable/--

New Rating

NCL Corp. Ltd.
$500 mil. term loan B due 2021
Senior Secured                    BB+
  Recovery Rating                  1

Rating Affirmed; Recovery Rating Unchanged;
Ratings Removed From CreditWatch
                                   To           From
NCL Corp. Ltd.
Senior Secured                    BB+          BB+/Watch Neg
  Recovery Rating                  1            1

NCL Corp. Ltd.
Senior Unsecured                  BB-         BB-/Watch Neg
  Recovery Rating                  3           3


NORTEL NETWORKS: Docs Vital To Rockstar IP Row, Time Warner Says
----------------------------------------------------------------
Law360 reported that Time Warner Cable Inc. urged a Delaware
bankruptcy judge to reject a bid by defunct Nortel Networks Inc.
to grant it protection against subpoenas it has received in
connection with patent infringement litigation involving Rockstar
Consortium LP, the buyer of Nortel's patent portfolio.  According
to the report, Time Warner, which is facing infringement claims
from patent assertion entity Rockstar over patents that were sold
to it by Nortel, objected to Nortel's motion to stay third-party
discovery.

                      About Nortel Networks

Headquartered in Ontario, Canada, Nortel Networks Corporation and
its various affiliated entities provided next-generation
technologies, for both service provider and enterprise networks,
support multimedia and business-critical applications.  Nortel did
business in more than 150 countries around the world.  Nortel
Networks Limited was the principal direct operating subsidiary of
Nortel Networks Corporation.

On Jan. 14, 2009, Nortel Networks Inc.'s ultimate corporate parent
Nortel Networks Corporation, NNI's direct corporate parent Nortel
Networks Limited and certain of their Canadian affiliates
commenced a proceeding with the Ontario Superior Court of Justice
under the Companies' Creditors Arrangement Act (Canada) seeking
relief from their creditors.  Ernst & Young was appointed to serve
as monitor and foreign representative of the Canadian Nortel
Group.  That same day, the Monitor sought recognition of the CCAA
Proceedings in U.S. Bankruptcy Court (Bankr. D. Del. Case No.
09-10164) under Chapter 15 of the U.S. Bankruptcy Code.

That same day, NNI and certain of its affiliated U.S. entities
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10138).

In addition, the High Court of England and Wales placed 19 of
NNI's European affiliates into administration under the control of
individuals from Ernst & Young LLP.  Other Nortel affiliates have
commenced and in the future may commence additional creditor
protection, insolvency and dissolution proceedings around the
world.

On May 28, 2009, at the request of administrators, the Commercial
Court of Versailles, France, ordered the commencement of secondary
proceedings in respect of Nortel Networks S.A.  On June 8, 2009,
Nortel Networks UK Limited filed petitions in U.S. Bankruptcy
Court for recognition of the English Proceedings as foreign main
proceedings under Chapter 15.

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., and Howard S.
Zelbo, Esq., at Cleary Gottlieb Steen & Hamilton, LLP, in New
York, serve as the U.S. Debtors' general bankruptcy counsel; Derek
C. Abbott, Esq., at Morris Nichols Arsht & Tunnell LLP, in
Wilmington, serves as Delaware counsel.  The Chapter 11 Debtors'
other professionals are Lazard Freres & Co. LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims and notice
agent.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.  Fred S. Hodara, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, in New York, and
Christopher M. Samis, Esq., and Mark D. Collins, Esq., at
Richards, Layton & Finger, P.A., in Wilmington, Delaware,
represent the Unsecured Creditors Committee.

An ad hoc group of bondholders also was organized.  An Official
Committee of Retired Employees and the Official Committee of Long-
Term Disability Participants tapped Alvarez & Marsal Healthcare
Industry Group as financial advisor.  The Retiree Committee is
represented by McCarter & English LLP as Delaware counsel, and
Togut Segal & Segal serves as the Retiree Committee.  The
Committee retained Alvarez & Marsal Healthcare Industry Group as
financial advisor, and Kurtzman Carson Consultants LLC as its
communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

The trial on how to divide proceeds among creditors in the U.S.,
Canada, and Europe commenced on Sept. 22, 2014.


NYTEX ENERGY: Unit Signs $15 Million Loan Agreement
---------------------------------------------------
Sable Operating Company, a wholly-owned subsidiary of NYTEX Energy
Holdings, Inc., entered into a loan agreement of up to $15,000,000
with certain third party lenders, according to a regulatory filing
with the U.S. Securities and Exchange Commission.

The proceeds of the Loan are to be used to fund Sable's purchase
of certain oil and gas leasehold interests and related property
and equipment pursuant to that certain Purchase and Sale Agreement
between Upham Oil & Gas Company, L.P., MKU Producing L.P. and RU
Producing L.P., as seller, and Sable Operating Company (f/k/a
NYTEX Petroleum, as purchaser, dated July 7, 2014, as amended by
that Amendment No. 1 to Purchase and Sale Agreement, dated
Aug. 25, 2014.

In connection with the Loan Agreement, on Oct. 14, 2014, Sable
executed and delivered to the order of each Lender a party thereto
a promissory note in the amount of such Lender's commitment.  As
of Oct. 14, 2014, Sable had issued Notes totaling $8,900,000 and
may issue further Notes for up to an additional $6,100,000.  Each
Note bears interest on the unpaid principal balance from time to
time outstanding at the rate of 13% per annum.  Interest only on
each Note is due and payable quarterly in arrears commencing on
Jan. 15, 2015, and continuing on the fifteenth day of each April,
July, October and January thereafter through April 15, 2016.
Commencing on July 15, 2016, and continuing on the fifteenth day
of each April, July, October and January thereafter, principal and
interest is due and payable quarterly based on a fifteen year
amortization schedule.  The unpaid principal balance, and all
accrued and unpaid interest, is due and payable on Oct. 15, 2017.
Sable can prepay the Notes at any time.

RKJ Holdings, LLC, is one of the Lenders under the Loan Agreement
as of Oct. 14, 2014.  RKJ Holdings, LLC, is owned and managed by
Mr. Cory R. Hall, the president and chief operating officer of
NYTEX and a member of the NYTEX Board of Directors.  As a Lender,
RKJ Holdings loaned Sable $2,850,000 at closing.

In connection with the transactions, effective Oct. 14, 2014,
NYTEX issued warrants exercisable for approximately 4,895,000
shares of common stock of NYTEX to the Lenders on such date, at an
exercise price of $0.50 per share, in consideration of the
distribution of the Loan proceeds to Sable, pursuant to warrant
agreements with each of the Lenders.  As a Lender, Mr. Hall's
entity, RKJ Holdings, LLC, was issued warrants to purchase
1,567,500 shares of NYTEX common stock as part of the transactions
contemplated by the Loan Agreement.

              Completion of Acquisition of Assets

On Oct. 15, 2014, Sable completed an acquisition of certain oil
and gas assets pursuant to the terms of the Acquisition Agreement.
These assets included (i) a one hundred percent working interest
in and to the certain leases and (ii) all right of way agreements,
all pipelines and flow lines, compressor site leases, facility
site leases, tanks, jacks, separators, compressors, well bores,
tubing, casing, pumps and all other equipment and property
directly used in connection with the operation and production from
the Leases.

The Purchased Assets consist of 19,881 leasehold acres with 123
existing wells, including 49 commercially producing wells at the
time of acquisition, 69 shut-in wells that Sable plans to return
to production through a combination of workovers including
mechanical repairs, adding perforations, acidizing, fracture
stimulations and recompletions in additional productive formations
behind pipe, 4 injection wells and 1 salt water disposal well.
The property contains sufficient leasehold acres upon which Sable
intends to drill numerous infield wells.

The total purchase price for these assets was $9,500,000, paid at
closing.

A copy of the Form 8-K filing with the SEC is available for free
at http://is.gd/zMbXwh

                         About NYTEX Energy

Located in Dallas, Texas, Nytex Energy Holdings, Inc., is an
energy holding company with operations centralized in two
subsidiaries, Francis Drilling Fluids, Ltd. ("FDF") and NYTEX
Petroleum, Inc. ("NYTEX Petroleum").  FDF is a 35 year old full-
service provider of drilling, completion and specialized fluids
and specialty additives; technical and environmental support
services; industrial cleaning services; equipment rentals; and
transportation, handling and storage of fluids and dry products
for the oil and gas industry.  NYTEX Petroleum, Inc., is an
exploration and production company focusing on early stage
development of minor oil and gas resource plays within the United
States.

NYTEX Energy reported a net loss of $2.67 million in 2013
following a net loss of $5.15 million in 2012.

In their report on the Company's consolidated financial statements
for the year ended Dec. 31, 2013, Whitley Penn LLP expressed
substantial doubt about the Company's ability to continue as a
going concern, citing that the Company will need additional
working capital to fund operations.

The Company's balance sheet at March 31, 2014, showed $4.32
million in total assets, $1.42 million in total liabilities, $3.72
million in mezzanine equity, and a $816,573 total stockholders'
deficit.

"We cannot be certain that our existing sources of cash will be
adequate to meet our liquidity requirements, including cash
requirements that may be due under existing debt obligations as
well as amounts due to our vendors in the normal course of
business.  The Company's ability to continue as a going concern is
dependent upon its ability to generate future profitable
operations and/or to obtain the necessary financing from
shareholders or other sources to meet its obligations and repay
its liabilities arising from normal business operations when they
come due," the Company stated in its quarterly report for the
period ended March 31, 2014.


OPTIM ENERGY: Oct. 29 Hearing on Manager Incentive Plan Approval
----------------------------------------------------------------
The Bankruptcy Court will convene a hearing on Oct. 29, 2014, at
10:30 a.m., to consider Optim Energy, LLC, et al.'s authorization
to implement a manager incentive program.  Objections, if any, are
due Oct. 22, at 4:00 p.m.

According to the Debtors, this is their second incentive
compensation program for Nick Rahn, chief executive officer.  At
the time they implemented the first incentive compensation
program, they were focused on the sale of the Twin Oaks Plant,
which was rapidly losing money.  The Debtors' strategy regarding
the Gas Plant Portfolio was uncertain at the time.

The MIP proposes to make Mr. Rahn eligible to receive performance
bonuses for managing the successful disposition of the Gas Plant
Portfolio.  The MIP is comprised of two components: (a) $200,000,
which is earned upon the Court's approval of a motion authorizing
the Debtors to enter into a binding sale agreement or plan sponsor
agreement relating to the disposition of the Gas Plant Portfolio;
and (b) a variable amount equal to 33.3 basis points of the
portion of gross sales proceeds above a threshold determined by
the board of directors received for the Gas Plant Portfolio.

The qualified transaction award will be payable upon the entry of:
(a) a final order approving a sale of the Gas Plant Portfolio; (b)
a confirmation order approving the transactions set forth in a
plan sponsor agreement that results in a disposition of the Gas
Plant Portfolio; or (c) an order approving any other transaction.

                        About Optim Energy

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

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

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

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

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


PRIME TIME: Has Dec. 15 to Exclusivity Propose Chapter 11 Plan
--------------------------------------------------------------
The Bankruptcy Court extended Prime Time International Company, et
al.'s exclusive periods to file a chapter 11 plan until Dec. 15,
2014, and solicit acceptances for that plan until Feb. 16, 2015.

Prime Time International Company, formerly known as Single Stick
Inc., manufactures and distributes cigarettes and little cigars.
PTIC has two wholly-owned subsidiaries: USA Tobacco, which
distributes PTIC's products, and 21st Century Brands, LLC, which
distributes non-tobacco consumer products.

Annual sales are $40 million and the company's products are in
100,000 convenience stores in North America.  The company has
direct accounts with each of the top 25 largest convenience store
distributors in the United States.

Prime Time and its two subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. D. Ariz. Lead Case No. 14-03518) in Phoenix on
March 15, 2014.  The Debtors have tapped Greenberg Traurig as
attorneys, Odyssey Capital Group, LLC, as financial advisors, and
Schian Walker, P.L.C., as conflicts counsel.

The Debtors disclosed $26.78 million in total assets and
$23.37 million in total liabilities as of Jan. 31, 2014.


RADNOR HOLDINGS: Skadden Dispute to Stay in Bankruptcy Court
------------------------------------------------------------
Law360 reported that a Delaware federal judge denied defunct
packaging company Radnor Holdings Co.'s motion to move an
adversary case out of bankruptcy court, after its former executive
failed to convince judges that Skadden Arps Slate Meagher & Flom
LLP conspired with a hedge fund to sell off its assets.  According
to the report, in August, a Delaware federal court upheld the
bankruptcy court's $4 million fee award to Skadden Arps Slate
Meagher & Flom LLP for its work representing Radnor, affirming
Judge Peter J. Walsh's June 2013 order.

The case is Radnor Holdings Corporation et al v. Skadden Arps
Slate Meagher & Flom LLP et al., Case No. 1:14-cv-01267 (D. Del.)
before Judge Richard G. Andrews.

                       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.


RB ENERGY: TSX to De-List Shares Following CCAA Filing
------------------------------------------------------
RB Energy Inc. has been advised by the Toronto Stock Exchange that
it will de-list the Company's common shares effective at the close
of business on November 24, 2014 for failure to meet the continued
listing requirements of the TSX.  The Company's common shares will
remain suspended from trading until that time.

The Company is currently subject to creditor protection under the
provisions of the Companies' Creditors Arrangement Act and is
pursuing all options to restructure its affairs.  This process is
expected to span a period of a few months.  While there is no
assurance that the Company will be successful in restructuring its
affairs, if these efforts are successful, and the Company emerges
from creditor protection, it will then consider re-listing its
common shares on the TSX or another exchange.

                     About RB Energy Inc.

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


REFCO PUBLIC: Plan of Liquidation Declared Effective
----------------------------------------------------
Refco Public Commodity Pool, L.P., formerly known as S&P Managed
Futures Index Fund, LP, notified the Bankruptcy Court that the
Effective Date of its Amended Plan of Liquidation occurred on
Sept. 30, 2014.

As reported in the TCR on Oct. 8, 2014, the Debtor won an order
confirming its Amended Plan of Liquidation that provides that the
Debtor will assume as part of the plan a letter agreement with
KPMG (Cayman) regarding the provision of restructuring advisory
services in relation to the SPhinX Companies, dated April 11,
2014.

Under the Plan, holders of allowed secured and unsecured claims
are not impaired and will receive full payment with interest on or
as soon as practicable after the effective date of the Plan.
Holders of limited partnership interests will each receive a pro
rata share of remaining cash after payment of claims and will vote
on the Plan.  Holders of subordinated interests are not receiving
anything and are deemed to reject the Plan.  There are 1,700
limited partners.

As of the date of filing of the bankruptcy case, the Fund had
$11.97 million in cash.  The Fund expects to receive substantial
additional distributions from the SPhinX Group through the end of
its liquidation.

A full-text copy of the Amended Plan dated Sept. 8, 2014, is
available at http://bankrupt.com/misc/RefcoPublicplan0908.pdf

                   About Refco Public Commodity

Refco Public Commodity Pool, L.P., also known as S&P Managed
Futures Index Fund, L.P., is a fund that was formed in May 2003 to
make investments that substantially track the performance of the
Standard & Poor's Managed Futures Index.  It did this by investing
substantially all of its assets in SPhinX Managed Futures Fund,
SPC, a Cayman Islands domiciled segregated portfolio company.
RefcoFund Holdings, LLC was the general partner of the Fund.

Refco Public filed a Chapter 11 bankruptcy petition (Bankr. D.
Del. Case No. 14-11216) in Wilmington, Delaware, on May 13, 2014.
Daniel F. Dooley signed the petition as managing member of MAA,
LLC.  The Debtor estimated assets of $17 million and debt of $0.

The case is assigned to Judge Brendan Linehan Shannon.  Attorneys
for the Debtor are Russell C. Silberglied, Esq., Paul N. Heath,
Esq., and Amanda R. Steele, Esq., at Richards, Layton, & Finger,
PA of Wilmington, Delaware and Dennis J. Connolly, Esq., William
S. Sudgen, Esq., and Suzanne N. Boyd, Esq., at Alston & Bird, LLP
of Atlanta, Georgia.

Morris Anderson & Associates, Ltd., is the Debtor's financial
advisor, and Maples & Calder serves as the Debtor's Cayman Islands
counsel.


RESIDENTIAL CAPITAL: Takes Hit In $88M Suit vs. Capital One Unit
----------------------------------------------------------------
Law360 reported that U.S. District Judge Donovan Frank in
Minnesota has partially granted a Capital One Finance Corp. unit's
motion to dismiss a suit by bankrupt Residential Capital LLC over
$88 million in mortgage loans that it says were misrepresented,
saying that some claims were made too late.  According to the
report, Judge Frank said that the breach-of-contract claims -- one
of two causes of action in the suit against Greenpoint Mortgage
Funding Inc. -- were filed more than six years after the breach
occurred.

The case is Residential Funding Company, LLC v. Greenpoint
Mortgage Funding, Inc., Case No. 0:13-cv-03538 (D. Minn.).

                    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.


RESPONSE BIOMEDICAL: Signs $8.8 Million Contract With Joinstar
--------------------------------------------------------------
Response Biomedical Corp. has entered into a funded Technology
Development Agreement with Hangzhou Joinstar Biomedical Technology
Co. Ltd., to support the co-development by Response and Joinstar
of components and multiple assays that will run on a high
throughput rapid immunoassay analyzer developed by Joinstar.
Under the terms of the Technology Development Agreement and
related agreements, Response will receive cash proceeds totaling
approximately $8.82 million.  The parties have also entered into a
binding term sheet for a definitive Supply Agreement whereby
Response will provide certain raw materials to Joinstar required
for Joinstar to manufacture these multiple assays.

"We are extremely pleased to have entered into these agreements
with Joinstar as they will allow Response to use its extensive
research and development capabilities to create an additional
revenue stream for Response that will complement our sales from
our current distributors in China," said Dr. Tony Holler, acting
chief executive officer of Response.

"Joinstar has been monitoring the product quality performance of
products currently on the market.  We recognized the quality of
the products manufactured by Response so we approached Response to
work with us to co-develop the assays for use on our high
throughput rapid immunoassay analyzer which will be sold into
facilities that require a much higher throughput than current
Point of Care analyzers can provide," stated Mr. Xuyi Zhou,
president of the Board of Directors of Joinstar.

Under the terms of the Technology Development Agreement, Joinstar
will pay US$560,000 upon the signing of the agreement and will pay
a further US$3.24 million in development milestones over the
planned fifteen month development period.  In addition, under the
terms of the Supply Agreement, Response will receive a guaranteed
US$2.13 million in revenue based payments over the first five
years of commercialization of the co-developed assays.  Joinstar
related entities have also agreed to subscribe for 1,800,000
common shares of Response at a price of $1.21 per share for total
gross proceeds of $2,178,000.  Closing of the equity purchase is
subject to approval by the TSX and certain Chinese government
authorities.

                     About Response Biomedical

Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical reported a net loss and comprehensive loss of
$5.99 million in 2013, a net loss and comprehensive loss of $5.28
million in 2012 and a net loss and comprehensive loss of $5.37
million in 2011.  The Company's balance sheet at June 30, 2014,
showed C$13.73 million in total assets, C$16.07 million in total
liabilities and a C$2.33 million total shareholders' deficit.

PricewaterhouseCoopers LLP, in Vancouver, British Columbia, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has incurred recurring losses from
operations and has an accumulated deficit at Dec. 31, 2013, which
raises substantial doubt about its ability to continue as a going
concern.


RYNARD PROPERTIES: Nov. 5 Hearing on Approval of Plan Outline
-------------------------------------------------------------
The Bankruptcy Court will convene a hearing on Nov. 5, 2014, at
10:00 a.m., to consider adequacy of information in the Disclosure
Statement explaining Rynard Properties Ridgecrest, LP's Plan of
Reorganization.

According to the Disclosure Statement dated Sept. 28, 2014, the
general framework for the Plan involves (i) the refinancing of the
indebtedness to Federal National Mortgage Association (FNMA), as
successor to Wells Fargo Bank, secured by the project --  a low
income housing tax credit project; and (ii) the distribution of
the proceeds of the refinancing to the holders of allowed claims
against the Debtor.

The Debtor has received preliminary interest from one or more
lenders to provide a loan in the principal amount of $6 million to
be utilized to refinance the FNMA Secured Claim and to make other
payments required by the Plan.

Pending the consummation of the refinancing, payments to FNMA will
be amortized with payments of principal and interest being made
until the earlier of (i) consummation of the refinancing and (ii)
the maturity date.  The refinancing to be obtained on or before
the maturity date, will be secured by a first position lien on the
project.  The payments to be made under the Plan will come from
several sources.  First, available cash on hand on the Effective
Date and income from operation of the project will be used in
making the payments to holders of Allowed Secured Claims required
under the Plan pending the Refinancing.

Second, on and after the Effective Date, the Reorganized Debtor
will provide sufficient amounts to fund the payments to Class 3
Unsecured Non-Priority Claims in the estimated amount of $200,000.

The Reorganized Debtor's operations will be funded by cash
generated from operations to fund the payments required under the
Plan pending the refinancing.

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

       http://bankrupt.com/misc/RynardProperties_89_DS.pdf

               About Rynard Properties Ridgecrest

Rynard Properties Ridgecrest LP is a Tennessee limited
partnership.  Its principal place of business is 2881 Rangeline
Road, Memphis, TN 38127, and the Debtor operates a 256 unit
multifamily apartment complex of Section 8 housing named
Ridgecrest Apartments and currently has TESCO operating the
complex as leasing agent.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. W.D.
Tenn. Case No. 14-22674) on March 13, 2014.  John Bartle signed
the petition as secretary/treasurer of Ridgecrest LLC, general
partner of the Debtor.  In its schedules, the Debtor disclosed
$16,231,959 in total assets and $8,734,000 in total liabilities.
Toni Campbell Parker serves as the Debtor's counsel.  Judge Jennie
D. Latta oversees the case.

The U.S. Trustee for Region 8 has notified the Bankruptcy Court
that it was unable to appoint an official committee of unsecured
creditors.


SAN BERNARDINO, CA: Bank Wants Plan Filed by March 1
----------------------------------------------------
Katy Stech, writing for Daily Bankruptcy Review, reported that a
Luxembourg bank that extended nearly $50 million to San
Bernardino, Calif., wants a federal judge to set a March 1
deadline for a plan to show how the city will get out of
bankruptcy.  According to the report, the bank, Erste Europaische
Pfandbrief-und Kommunalkreditbank AG, argued that giving city
leaders a deadline to file that plan would pressure the city's
police and firefighter unions to settle their disputes over
proposed benefits cuts.

As previously reported by The Troubled Company Reporter, citing
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, the union representing police officers in San Bernardino
also asked the bankruptcy judge to establish a deadline for the
city to file a plan.

                   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.


SCOTT CABLE: IRS Wipes Out Secured Debt in Bankruptcy Case
----------------------------------------------------------
Law360 reported that the Internal Revenue Service has succeeded in
subordinating secured debt issued by Scott Cable Communications
Inc., with a Delaware bankruptcy judge finding the debtholders
obtained the notes in a Chapter 11 plan structured to keep the
agency from collecting up to $50 million in capital gains taxes.
According to the report, the agency was not successful, however,
in subordinating a different series of debt issued by Scott Cable
because the court said in its opinion the holders of that debt
were not company insiders who engaged in misconduct.

Scott Cable Communications, Inc., began its quest for bankruptcy
relief on Feb. 14, 1996, when it commenced a
Chapter 11 case in the District of Delaware (Bankr. D. Del Case
No. __-______).  Scott successfully prosecuted a chapter 11 plan
to confirmation in Delaware on December 6, 1996.  Among other
things, that plan called for the issuance of "New Restructured
Third Secured PIK Notes" in the amount of
$38.9 million that would be secured by all of Scott's assets and
be subordinated to other security interests, and the PIK Notes
were issued on December 19, 1996.  On July 10, 1998, Scott
executed a purchase and sale agreement for the sale of all of its
property.  The sale would generate approximately $29.9 million in
capital gains taxes and $7.5 million in other federal and state
taxes. That agreement was not submitted to the Delaware bankruptcy
court.   The Delaware case closed on July 31, 1998.  On October 1,
1998, Scott filed a second Chapter 11 case (Bankr. D. Conn. Case
No. 98-51923) with a prepackaged plan which was premised upon
events that occurred in the Delaware case.  The Connecticut filing
included a prepackaged liquidation plan which contemplated a sale
of all of Scott's property.  The plan did not provide for the
payment of any capital gains taxes.  On November 13, 1998, the
Connecticut court authorized the sale of Scott's assets.  On
November 16, 1998, the government objected to confirmation,
arguing, inter alia, that the prepackaged plan was a tax avoidance
scheme.


SEARS HOLDINGS: OKs Cash Awards to Holders of Unvested Shares
-------------------------------------------------------------
Sears Holdings Corporation previously commenced a rights offering
of up to 40,000,000 shares of Sears Canada Inc. on a pro rata
basis to Sears Holdings' stockholders of record as of the close of
business on Oct. 16, 2014.  Holders of Sears Holdings' shares of
restricted stock issued pursuant to the Sears Holdings Corporation
2006 Stock Plan and the Sears Holdings Corporation 2013 Stock Plan
that were unvested as of the Record Date were not expected to
receive subscription rights to purchase common shares of Sears
Canada with respect to their Unvested Shares.

In a Form 8-K filed with the U.S. Securities and Exchange
Commission dated Oct. 22, 2014, the Company disclosed that in
order to preserve the benefit of this rights offering for the
Unvested Shares, the Compensation Committee of the Board of
Directors of Sears Holdings approved for each holder of Unvested
Shares a cash award in lieu of any and all rights such holder may
have had to receive subscription rights to purchase common shares
of Sears Canada with respect to their Unvested Shares, subject to
the same vesting requirements and other terms for the Unvested
Shares to which the cash award is attributable.  The cash awards
represent the right to receive on the applicable vesting date a
cash payment (before tax withholding) from Sears Holdings equal to
the value of the subscription rights to purchase common shares of
Sears Canada that would have been distributed to the holder of
Unvested Shares, calculated on the basis of the volume-weighted
average trading price per subscription right for the 10 trading-
day period beginning on October 16, 2014.

In lieu of a cash payment and to preserve the benefit of this
rights offering for the shares scheduled to be issued to Mr.
Lampert through Jan. 31, 2015, in connection with his March 18,
2013, offer letter, the Compensation Committee also approved an
award of additional shares of Sears Holdings' common stock to Mr.
Lampert, the economic value to be based on the volume-weighted
average trading price per subscription right for the 10 trading-
day period beginning on Oct. 16, 2014.  The actual number of
shares of Sears Holdings common stock to be awarded to Mr. Lampert
will be determined by taking the economic value as set forth in
the previous sentence divided by the volume-weighted average
trading price per common share of Sears Holdings common stock for
the 10 trading-day period beginning on Oct. 16, 2014.

                            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 METHODIST: Can Access Lender's Cash Collateral Until Jan. 4
-----------------------------------------------------------------
The Bankruptcy Court approved a stipulation approving fourth
extension of interim use of cash collateral by Debtor Sears Plains
Retirement Corporation.  Pursuant to the stipulation, lender
Prosperity Bank, N.A., consented to the use of cash collateral
which includes the reserve funds until Jan. 4, 2015.  A copy of
the approved budget is available for free at:

  http://bankrupt.com/misc/SearsMethodist_507_stipcashcoll.pdf

                       About Sears Methodist

As a leading Texas senior living icon established on Christian
principles, Sears Methodist Retirement System Inc. provides
secure, rewarding, and luxurious residency to seniors.  The system
includes: (i) eight senior living communities located in Abilene,
Amarillo, Lubbock, Odessa and Tyler, Texas; (ii) three veterans
homes located in El Paso, McAllen and Big Spring, Texas, managed
by Senior Dimensions, Inc., pursuant to contracts between SDI and
the Veterans Land Board of Texas; and (iii) Texas Senior
Management, Inc. ("TSM"), Senior Living Assurance, Inc. ("SLA")
and Southwest Assurance Company, Ltd. ("SWAC"), which provide, as
applicable, management and insurance services to the System.
Sears Methodist Senior Housing, LLC, is the general partner of,
and controls .01% of the interests in, Canyons Senior Living, L.P.
("CSL").

Sears Methodist and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 14-
32821) on June 10, 2014.  The cases are assigned to Judge Stacey
G. Jernigan.

The Debtors' counsel is Vincent P. Slusher, Esq., and Andrew
Zollinger, Esq., at DLA Piper LLP (US), in Dallas, Texas; and
Thomas R. Califano, Esq., Gabriella L. Zborovsky, Esq., and Jacob
S. Frumkin, Esq., at DLA Piper LLP (US), in New York.  The
Debtors' financial advisor is Alvarez & Marsal Healthcare Industry
Group, LLC, while the Debtors' investment banker is Cain Brothers
& Company, LLC.  The Debtors' notice, claims and solicitation
agent is GCG Inc.

The Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.

The U.S. Trustee has appointed five members to the Official
Committee of Unsecured Creditors.  The Committee is represented by
Clifton R. Jessup, Jr., Esq., and Bryan L. Elwood, Esq., at
Greenberg Traurig, LLP, in Dallas, Texas.


SHILO INN: Not Close to Plan Approval After 1 Year, Says CB&T
--------------------------------------------------------------
California Bank & Trust, responded to Shilo Inn, Twin Falls, LLC,
et al.'s reply to the Court's order to show cause why the case
must not be converted or dismissed.

CB&T states that the Debtors have not shown any reason why they
would be permitted another opportunity to propose a confirmable
plan.  It notes that the case has been pending for more than a
year and they are no closer to confirming a plan.  CB&T says that
any further delay would be prejudicial to creditors.

In response to the Court's order to show cause, the Debtors said
Oct. 2 that they have competently operated their businesses and
manage their bankruptcy estates.  The noted that they had
accomplished two important sales, and are preparing third amended
plan and disclosure statements with reasonable likelihood of being
approved.

CB&T is represented by:

         H. Mark Mersel, Esq.
         Kerry Moynihan, Esq.
         BRYAN CAVE LLP
         3161 Michelson Drive, Suite 1500
         Irvine, CA 92612-4414
         Tel: (949) 223-7000
         Fax: (949) 223-7100
         E-mail: mark.mersel@bryancave.com
                 kerry.moynihan@bryancave.com

                    About Shilo Inn, Twin Falls

Shilo Inn, Twin Falls, LLC, and six affiliates filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 13-21601) on May 1, 2013.
Judge Richard M. Neiter presides over the case.  Shilo Inn, Twin
Falls, estimated assets of at least $10 million and debts of at
least $1 million.

Shilo Inn, Twin Falls; Shilo Inn, Nampa Blvd, LLC; Shilo Inn,
Newberg, LLC; Shilo Inn, Seaside East, LLC, Shilo Inn, Moses Lake,
Inc.; and Shilo Inn, Rose Garden, LLC each operates and owns a
hotel.  California Bank and Trust is the primary, senior secured
lender for each of the Debtors.

The Debtors sought Chapter 11 protection after CBT on May 1, 2013,
filed for receiverships in district court.

David B. Golubchick, Esq., Kurt Ramlo, Esq., and J.P. Fritz, Esq.,
at Levene, Neale, Bender, Yoo & Brill LLP, in Los Angeles,
represent the Debtors in their restructuring effort.

The Debtors' Joint Plan of Reorganization dated Aug. 29, 2013,
provides for payment of all claims in full, unless otherwise
agreed with the claimholder, with unsecured claims to be paid over
a three-month period from the Plan Effective Date.


SIGA TECHNOLOGIES: Taps Paul Weiss as Counsel in PharmAThene Case
-----------------------------------------------------------------
SIGA Technologies Inc. asks the U.S. Bankruptcy Court for the
Southern New York for permission to employ Paul, Weiss, Rifkind,
Wharton & Garrison LLP as its special litigation counsel with
respect to the litigation in the Delaware Court of Chancery,
styled PharmAthene, Inc. v. SIGA Technologies, Inc., Civ. Action
No. 2627-VCP (PharmAthene Action).

A hearing is set for Nov. 5, 2014 at 11:00 a.m. (Eastern Time) in
Room 701, One Bowling Green in New York, New York.  Objections, if
any, are due October 29, 2014 at 4:00 p.m. (Eastern Time).

                      The PharmAthene Action

In December 2006, PharmAthene Inc. commenced an action against
the Debtor alleging breach of contract and other claims, in the
Delaware Court of Chancery.  PharmAthene also alleged that the
Debtor breached an obligation to negotiate such license agreement
in good faith and sought damages for promissory estoppel and for
unjust enrichment based on supposed information, capital, and
assistance that PharmAthene allegedly provided to the Debtor
during the negotiation process.  The Court of Chancery tried the
PharmAthene Action in January 2011.  The Court of Chancery
ruled that PharmAthene is entitled to the value of the revised
calculations plus pre- and postjudgment interest at the legal
rate, compounded quarterly, with prejudgment interest to
accrue from December 20, 2006.  The Debtor says it intends to
appeal the ruling and judgment of the Court of Chancery once a
final order is entered and believes it has meritorious grounds for
an appeal that either will eliminate any claim for expectation
damages that PharmAthene may have or substantially reduce the
amount of such damages.

The firm says it intends to charge the Debtor for services
rendered on an hourly basis in one-tenth of an hour increments, in
accordance with its standard hourly rates in effect on the date
services are rendered, subject to Bankruptcy Court approval and
subject to a 10% discount.  The firm's current customary U.S.
hourly rates:

  Professionals                 Hourly Rates
  -------------                 ------------
  Partners                      $940-$1,275
  Counsel                       $900-$925
  Staff Attorney/Associates     $410-$855
  Legal Assistants              $90-$295

The Debtor says the firm received an aggregate of approximately
$1,550,344 in payments for legal services rendered or to be
rendered and disbursements incurred or to be incurred.  As of the
Debtor's commencement date, the firm held a retainer of $31,681.
The firm intends to apply such retainer to any outstanding fees
and expenses relating to the period prior to the commencement date
that were not processed through the firm's billing system as of
the commencement date -- totaling approximately $3,978 -- and to
retain the balance on account of services rendered and expenses
incurred subsequent to the commencement date.

Stephen P. Lamb, member 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:

   Stephen P. Lamb, Esq.
   PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
   500 Delaware Avenue, Suite 200
   Post Office Box 32
   Wilmington, DE 19899-0032
   Tel: 302-655-4411
   Fax: 302-397-2746
   Email: slamb@paulweiss.com

                      U.S. Trustee Guidelines

Mr. Lamb provided this response to the request for additional
information set forth in Paragraph D.1 of the fee guidelines.

  Question: Did you agree to any variations from, or alternatives
            to, your standard or customary billing arrangements
            for this engagement?

  Response: Yes. Paul Weiss has agreed to provide SIGA with a ten
            percent (10%) discount off the billing arrangements in
            effect from time to time.

  Question: Do any of the professionals included in this
            engagement vary their rate based on the geographic
            location of the bankruptcy case?

  Response: No.

  Question: If you represented the client in the 12 months
            prepetition, disclose your billing rates and material
            financial terms for the prepetition engagement,
            including any adjustments during the 12 months
            prepetition.  If your billing rates and material
            financial terms have changed postpetition, explain the
            difference and the reasons for the difference.

  Response: Paul Weiss represented SIGA in the 12 months prior to
            the commencement date during which period Paul Weiss
            charged its customary U.S. hourly rates (subject to a
            ten percent (10%) discount) ranging from $890 to
            $1,210 for partners, $850 to $880 for counsel, $395 to
            $810 for staff attorneys and associates, and
            $90 to $275 for legal assistants.  As of Oct. 1,
            2014, Paul Weiss's billing rates changed to $940 to
            $1,275 for partners, $900 to $925 for counsel, $410 to
            $855 for staff attorneys and associates, and $90 to
            $295 for legal assistants, though the material
            financial terms with respect to Paul Weiss's
            representation of SIGA have not changed.

  Question: Has your client approved your prospective budget and
            staffing plan, and, if so, for what budget period?

  Response: Yes, the Debtor has approved a prospective staffing
            plan and budget.  The prospective budget covers costs
            incurred from the commencement date through oral
            argument in the PharmAthene Action.

                   About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in
Madison Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

According to the docket, the schedules of assets and liabilities
and the statement of financial affairs are due Sept. 30, 2014.
The Debtor's Chapter 11 plan and disclosure statement are due Jan.
14, 2015.  The initial case conference is due by Oct. 16, 2014.

As of June 30, 2014, SIGA reported consolidated assets and
liabilities of $209 million and $198 million, respectively. The
amount of reported liabilities does not include any amount
attributable to the lawsuit filed by PharmAthene, Inc.  A total of
$2.50 million is outstanding on a secured term loan with General
Electric Capital Corp.  Trade payables total $3.3 million.


SIGA TECHNOLOGIES: Hiring AlixPartners as Restructuring Advisors
----------------------------------------------------------------
SIGA Technologies Inc. asks the U.S. Bankruptcy Court for the
Southern New York for permission to employ AlixPartners LLP as its
restructuring advisors

A hearing is set for Nov. 5, 2014 at 11:00 a.m. (Eastern Time) in
Room 701, One Bowling Green in New York, New York.  Objections, if
any, are due October 29, 2014 at 4:00 p.m. (Eastern Time).

The firm will:

   a) assist with the preparation of the statement of financial
      affairs, schedules, and other regular reports required by
      the Bankruptcy Court as well as providing assistance in such
      areas as testimony before the Bankruptcy Court on matters
      that are within the firm's areas of expertise.

   b) assist with such other matters as may be requested that fall
      within the firm's expertise and that are mutually agreeable.

The firm's current customary U.S. hourly rates:

  Professionals                 Hourly Rates
  -------------                 ------------
  Managing Directors            $875-$1,010
  Directors                     $665-$815
  Vice Presidents               $490-$590
  Associates                    $335-$435
  Analysts                      $290-$320
  Paraprofessionals             $220-$240

Carrianne J.M. Basler, managing director 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:

   Carrianne J.M. Basler
   ALIXPARTNERS LLP
   40 West 57th Street
   New York, NY 10019
   Tel: 1 (212) 490-2500
   Fax: 1 (212) 490-1344
   Email: cbasler@alixpartners.com

The Debtor notes that AlixPartners intends to make a reasonable
effort to comply with the Office of the United States Trustee for
the Southern District of New York's requests for information and
additional disclosures as set forth in the fee guidelines under
Section 330 of the Bankruptcy Code.

                   About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in
Madison Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

According to the docket, the schedules of assets and liabilities
and the statement of financial affairs are due Sept. 30, 2014.
The Debtor's Chapter 11 plan and disclosure statement are due Jan.
14, 2015.  The initial case conference is due by Oct. 16, 2014.

As of June 30, 2014, SIGA reported consolidated assets and
liabilities of $209 million and $198 million, respectively. The
amount of reported liabilities does not include any amount
attributable to the lawsuit filed by PharmAthene, Inc.  A total of
$2.50 million is outstanding on a secured term loan with General
Electric Capital Corp.  Trade payables total $3.3 million.


SIGA TECHNOLOGIES: Names Kramer Levin as Corporate Counsel
----------------------------------------------------------
SIGA Technologies Inc. asks the U.S. Bankruptcy Court for the
Southern New York for permission to employ Kramer Levin Naftalis &
Frankel LLP as special corporate, SEC, and litigation counsel with
respect to the litigation in the Delaware Court of Chancery,
styled PharmAthene, Inc. v. SIGA Technologies, Inc., Civ. Action
No. 2627-VCP (PharmAthene Action).

The firm will continue its representation of the Debtor in
connection with any further proceedings with respect to the
PharmAthene Action.  In addition, the firm has provided the Debtor
with immigration and employment services from time to time.  The
firm currently is handling one immigration matter for the Debtor.

                      The PharmAthene Action

In December 2006, PharmAthene Inc. commenced an action against
the Debtor alleging breach of contract and other claims, in the
Delaware Court of Chancery.  PharmAthene also alleged that the
Debtor breached an obligation to negotiate such license agreement
in good faith and sought damages for promissory estoppel and for
unjust enrichment based on supposed information, capital, and
assistance that PharmAthene allegedly provided to the Debtor
during the negotiation process.  The Court of Chancery tried the
PharmAthene Action in January 2011.  The Court of Chancery
ruled that PharmAthene is entitled to the value of the revised
calculations plus pre- and postjudgment interest at the legal
rate, compounded quarterly, with prejudgment interest to
accrue from December 20, 2006.  The Debtor says it intends to
appeal the ruling and judgment of the Court of Chancery once a
final order is entered and believes it has meritorious grounds for
an appeal that either will eliminate any claim for expectation
damages that PharmAthene may have or substantially reduce the
amount of such damages.

A hearing is set for Nov. 5, 2014 at 11:00 a.m. (Eastern Time) in
Room 701, One Bowling Green in New York, New York.  Objections, if
any, are due October 29, 2014 at 4:00 p.m. (Eastern Time).

The firm's current customary U.S. hourly rates:

  Professionals                 Hourly Rates
  -------------                 ------------
  Members                       $745-$1,100
  Counsel                       $745-$1,100
  Special Counsel               $745-$1,100
  Associates                    $445-$790
  Paraprofessionals             $280-$335

The firm notes it has received payments aggregating approximately
$1,310,306 in connection with its representation of the Debtor as
general corporate counsel and litigation counsel.

James A. Grayer, Esq., member of the firm, assures the Court that
the firm is a "disinterested person" within the meaning of Section
101(14) of the Bankruptcy Code.

   James A. Grayer, Esq.
   Kramer Levin Naftalis & Frankel LLP
   1177 Avenue of the Americas
   New York, NY 10036
   Tel: 212.715.7616
   Fax: 212.715.8000
   Email: jgrayer@kramerlevin.com

                    U.S. Trustee Fee Guidelines

The Debtor and the firm intend to make a reasonable effort to
comply with the U.S. Trustee's requests for information and
additional disclosures as set forth in the Appendix B Guidelines
both in connection with this Application and the interim and final
fee applications to be filed by Kramer Levin in the course of its
Engagement.

The firm provided this response to the request for additional
information set forth in Paragraph D.1 of the Appendix B
Guidelines.

   Question: Did you agree to any variations from, or alternatives
             to, your standard or customary billing arrangements
             for this engagement?

   Response: Kramer Levin has agreed to provide a voluntary
             15% discount.  In addition, Kramer Levin has
             agreed to "freeze" the billing rates that were in
             effect in 2013, through the end of 2014.

   Question: Do any of the professionals included in this
             engagement vary their rate based on the geographic
             location of the bankruptcy case?

   Response: No.

   Question: If you represented the client in the 12 months
             prepetition, disclose your billing rates and material
             financial terms for the prepetition engagement,
             including any adjustments during the 12 months
             prepetition.  If your billing rates and material
             financial terms have changed postpetition, explain
             the difference and the reasons for the difference.

   Response: Prior to the Commencement Date, in recognition of its
             longstanding relationship with SIGA, Kramer Levin
             provided SIGA with a voluntary 15% discount of its
             standard billing rates.  In addition, Kramer Levin
             agreed to "freeze" the billing rates that were in
             effect in 2013, through the end of 2014. During this
             chapter 11 case, Kramer Levin has agreed to continue
             to provide the voluntary 15% discount and the
             aforementioned billing rates.

   Question: Has your client approved your prospective budget and
             staffing plan, and, if so, for what budget period?

   Response: The Debtor has approved a prospective staffing plan.
             Kramer Levin will prepare a budget for the balance of
             the proposed interim fee application period Nov.
             1, 2014 to Jan. 31, 2015.

                   About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in
Madison Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

According to the docket, the schedules of assets and liabilities
and the statement of financial affairs are due Sept. 30, 2014.
The Debtor's Chapter 11 plan and disclosure statement are due Jan.
14, 2015.  The initial case conference is due by Oct. 16, 2014.

As of June 30, 2014, SIGA reported consolidated assets and
liabilities of $209 million and $198 million, respectively. The
amount of reported liabilities does not include any amount
attributable to the lawsuit filed by PharmAthene, Inc.  A total of
$2.50 million is outstanding on a secured term loan with General
Electric Capital Corp.  Trade payables total $3.3 million.


SIMPLEXITY LLC: Fifth Third Defends New Bid for Ch. 7 Conversion
----------------------------------------------------------------
Law360 reported that Fifth Third Bank defended its second motion
seeking a conversion of the Chapter 11 case of Simplexity LLC to
one under Chapter 7, saying the estate can't foot the bill for a
Chapter 11 plan.  According to the report, Fifth Third, a senior
lender, which lost its first conversion bid in June, contended its
new motion should succeed since the estate cannot afford to stay
in Chapter 11, while the official committee of unsecured creditors
countered that a switch to Chapter 7 would let the bank duck
claims uncovered during the investigation period.

                         About Simplexity

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

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

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


SONIFI SOLUTIONS: Creditors Lose Challenge to Restructuring
-----------------------------------------------------------
Law360 reported that a U.S. Bankruptcy Judge Shelley C. Chapman in
New York elected not to hear a suit accusing reorganized LodgeNet
Interactive Corp., now known as Sonifi Solutions Inc., of scheming
with creditor Mast Capital Management LLC to subordinate a rival
lending group's debt in violation of the hotel media provider's
Chapter 11 plan.  According to the report, ruling from the bench,
Judge Chapman found no basis upon which to exercise jurisdiction
over the "purely contractual" dispute, saying it was too far
removed from Sonifi's now-concluded Chapter 11 proceedings.

As previously reported by The Troubled Company Reporter, citing
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, a group of lenders led by General Electric Capital Corp.
sued the reorganized company and other lenders, saying a
subsequent restructuring is "intended to eviscerate" their rights
under the company's original bankruptcy-exit plan.  GE Capital
alleged that Mast cobbled together a majority of lenders and
agreed with Sonifi on a restructuring under which the majority
will make a new senior secured loan, while receiving stock and
warrants to "capture virtually all of the company's value."

The lawsuit is General Electric Capital Corp. v. Sonifi Solutions
Inc., 14-02239, U.S. Bankruptcy Court, Southern District of New
York (Manhattan).

                          About LodgeNet

Sioux Falls, South Dakota-based LodgeNet Interactive Corporation
(Nasdaq: LNET) -- http://www.lodgenet.com/-- provides interactive
media and connectivity services to hospitality and healthcare
businesses and the consumers they serve.  Recently named by
Advertising Age as one of the Leading 100 US Media Companies,
LodgeNet Interactive serves roughly 1.5 million hotel rooms
worldwide in addition to healthcare facilities throughout the
United States.

As of Sept. 30, 2012, LodgeNet, on a consolidated basis, reported
$292 million in assets and $449 million in liabilities.

LodgeNet Interactive and its affiliates sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 13-10238) on Jan. 27,
2013, with a prepackaged Chapter 11 plan of reorganization.  The
plan extends the maturity date and modifies a $332.6 million
term loan and $21.5 million revolver.  Colony Capital, LLC, is
acquiring 100% of the new shares of the reorganized company for
$60 million.

Weil, Gotshal & Manges LLP serves as counsel to the Debtors;
Leonard Street and Deinard is the co-counsel; Miller Buckfire &
Co., LLC and Moorgate Bankers are the investment banker; FTI
Consulting, Inc. is the financial advisor; and Kurtzman Carson
Consultants is the claims and notice agent.

In March 2013, the Bankruptcy Court approved LodgeNet's
prepackaged Chapter 11 plan.  The Plan was declared effective a
few weeks later.  LodgeNet Interactive Corp. has changed its name
to Sonifi Solutions after the company emerged from bankruptcy.


TRUMP ENTERTAINMENT: Levine Wants Allowance of $1.25-Mil. Claim
---------------------------------------------------------------
Levine, Staller, Sklar, Chan & Brown, P.A., asks the U.S.
Bankruptcy Court for the District of Delaware for an order fixing
the value and priority of, and allowing its claim against Trump
Entertainment Resorts, Inc., et al., as secured in full.

Levine Staller holds a $1.25 million' first-priority, prior-
perfected statutory attorney's charging lien on certain judgments
in favor of the Debtors and the proceeds thereof in whosesoever
hands they may come.  The lien on the judgments and proceeds
relates back to 2008 at the start of certain tax litigation Levine
Staller brought on the Debtors' behalf, making it a first priority
lien.

Teresa K.D. Currier, Esq., at Saul Ewing LLP, in Wilmington,
Delaware -- tcurrier@saul.com -- relates that the Charging Lien
was created consensually, with the Debtors' blessing, under New
Jersey law, and reaffirmed by the Debtors several times.

By this Motion, Levine Staller asks the Court for an order
allowing its secured claim in the Debtors' bankruptcy cases for
the full amount of the Charging Lien, and establishing its first-
priority perfected and unavoidable status.

                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
September 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: Files Schedules of Assets and Liabilities
--------------------------------------------------------------
Trump Entertainment Resorts, Inc., filed with the Bankruptcy Court
its schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property                    $0
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $292,257,374
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                                $0
                                 -----------      -----------
        Total                             $0     $292,257,374

A copy of the schedules is available for free at
http://bankrupt.com/misc/TrumpEntertainment_264_SALs.pdf

                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.


US AIRWAYS: Pilots Near Settlement in Lump-Sum Pension Fight
------------------------------------------------------------
Law360 reported that a group of former US Airways Group Inc.
pilots are nearing a settlement with the airline's pension plan
trustee over accusations it takes too long to hand out lump-sum
benefits, a D.C. federal judge revealed in a class certification
order five months after the D.C. Circuit revived the case.
According to the report, the D.C. Circuit reversed a denial of
class certification in June, ruling that the plaintiffs were not
required to exhaust their internal remedies because they had
alleged a statutory violation.  Based on that ruling, the retired
pilots and retirement plan trustee Pension Benefit Guaranty Corp.
are closing in on a settlement, according to the order, the report
related.

The case is James C. Stephens, et al. v. US Airways Group Inc. et
al., case 1:07-cv-01264, in the U.S. District Court for the
District of Columbia.

                        About US Airways

US Airways -- http://www.usairways.com/-- along with US Airways
Shuttle and US Airways Express, operates more than 3,000 flights
per day and serves more than 190 communities in the U.S., Canada,
Mexico, Europe, the Middle East, the Caribbean, Central and South
America.

Under a Chapter 11 plan declared effective on March 31, 2003,
USAir emerged from bankruptcy with the Retirement Systems of
Alabama taking a 40% equity stake in the deleveraged carrier in
exchange for $240 million infusion of new capital.

US Airways and its subsidiaries filed another Chapter 11 petition
(Bankr. E.D. Va. Case No. 04-13820) on Sept. 12, 2004.  Brian P.
Leitch, Esq., Daniel M. Lewis, Esq., and Michael J. Canning, Esq.,
at Arnold & Porter LLP, and Lawrence E. Rifken, Esq., and Douglas
M. Foley, Esq., at McGuireWoods LLP, represented the Debtors in
their restructuring efforts.  The USAir II bankruptcy plan became
effective on September 27, 2005.  The Debtors completed their
merger with America West on the same date.


W.R. GRACE: Reports Net Income of $74.5 Million in Third Quarter
----------------------------------------------------------------
W. R. Grace & Co. on Oct. 22 reported third quarter net income of
$74.5 million, or $0.99 per diluted share.  Net income for the
prior-year quarter was $77.0 million, or $0.99 per diluted share.
Adjusted EBIT increased 27 percent to $180.9 million, and third
quarter Adjusted EPS was $1.07 per diluted share.

"We had a very good quarter," said Fred Festa, Grace's Chairman
and Chief Executive Officer.  "All three businesses achieved solid
sales growth and strong margins.  Catalysts Technologies exceeded
our expectations, benefiting from strong sales in all three
product groups.  Materials Technologies and Construction Products
both benefited from strong growth in North America and Asia.
Year-to-date cash flow increased 14 percent and ROIC increased
more than two points."

Third Quarter Results

Third quarter net sales of $856.4 million increased 11.0 percent
compared with the prior-year quarter, due to higher sales volumes
(+10.2 percent), improved pricing (+0.6 percent) and favorable
currency translation (+0.2 percent).  Acquisitions contributed 4.0
percent to sales growth.

Segment Gross Margin of 38.6 percent increased 170 basis points
compared with the prior-year quarter.

Adjusted EBIT of $180.9 million increased 27.3 percent from the
prior-year quarter primarily due to an increase in segment
operating income, including the benefit of acquisitions, and a
gain related to the termination of certain retiree benefit plans.
Adjusted EBIT margin of 21.1 percent increased 270 basis points
compared with the prior-year quarter.

Adjusted EBIT Return On Invested Capital was 29.8 percent on a
trailing four-quarter basis, compared to 27.4 percent as of
December 31, 2013.

Nine Month Results

For the nine months ended September 30, 2014, sales increased 6.8
percent to $2.44 billion as higher sales volumes (+7.0 percent)
and favorable pricing (+0.1) more than offset unfavorable currency
translation (-0.3 percent),  Acquisitions contributed 3.9 percent
to sales growth.

Segment Gross Margin of 37.9 percent increased 60 basis points
compared with the prior-year period.

Adjusted EBIT of $458.3 million increased 11.2 percent compared
with the prior-year period due to an increase in segment operating
income, including the benefit of acquisitions, and a gain related
to the termination of certain retiree benefit plans.  Adjusted
EBIT margin of 18.8 percent increased 80 basis points compared
with the prior-year period.

Grace Catalysts Technologies
Sales up 20.3 percent; segment operating income up 30.4 percent

Third quarter sales for the Catalysts Technologies operating
segment, which includes specialty catalysts and additives for
refinery, plastics and other chemical process applications, were
$329.3 million, an increase of 20.3 percent compared with the
prior-year quarter.  The increase was due to higher sales volumes
(+22.0 percent) and favorable currency translation (+0.3 percent),
partially offset by lower pricing (-2.0 percent).  The
polypropylene catalyst and licensing acquisition contributed 11.3
percent to sales growth.

Sales of Refinery Catalysts increased 9.6 percent as higher sales
volumes and favorable currency translation more than offset lower
pricing.  Sales of Specialty Catalysts increased 51.0 percent as
higher sales volumes (including licensing sales) and improved
pricing more than offset unfavorable currency translation.

Segment gross margin was 42.5 percent compared with 39.2 percent
in the prior-year quarter.  The increase in gross margin primarily
was due to higher-margin polypropylene catalyst and licensing
sales and lower manufacturing costs.

Segment operating income increased 30.4 percent to $100.9 million
primarily due to higher gross profit.  The ART joint venture
contributed $6.4 million to segment operating income compared with
$2.8 million in the prior-year quarter.

Grace Materials Technologies
Sales up 4.1 percent; segment operating income up 4.1 percent

Third quarter sales for the Materials Technologies operating
segment, which includes engineered materials for consumer,
industrial, coatings and pharmaceutical applications, and
packaging technologies, were $229.1 million, an increase of 4.1
percent compared with the prior-year quarter.  The increase was
due to higher sales volumes (+3.1 percent), improved pricing (+0.8
percent) and favorable currency translation (+0.2 percent).

Engineered Materials sales increased 6.8 percent due to higher
sales volumes, improved pricing and favorable currency
translation.  Packaging Technologies sales increased 0.5 percent
as higher pricing more than offset unfavorable currency
translation.

Segment gross margin was 35.3 percent, an increase of 50 basis
points compared with the prior-year quarter.  The increase in
gross margin primarily was due to improved pricing.

Segment operating income increased 4.1 percent to $48.7 million
primarily due to higher gross profit partially offset by higher
operating expenses.  Segment operating margin was 21.3 percent,
unchanged from the prior-year quarter.

Grace Construction Products
Sales up 7.4 percent; segment operating income up 7.2 percent

Third quarter sales for the Construction Products operating
segment, which includes Specialty Construction Chemicals (SCC)
products and Specialty Building Materials (SBM) products used in
commercial, infrastructure, and residential construction, were
$298.0 million compared with $277.5 million in the prior-year
quarter.  The sales increase was due to higher sales volumes (+4.5
percent) and improved pricing (+2.9 percent).

SCC sales increased 8.8 percent due to higher sales volumes and
improved pricing, partially offset by unfavorable currency
translation.  SBM sales increased 5.0 percent due to higher sales
volumes, improved pricing and favorable currency translation.
Sales of non-residential SBM products increased approximately 10%.

Segment gross margin of 36.8 percent increased 50 basis points
compared with the prior-year quarter due to higher sales volumes
and improved pricing, partially offset by higher manufacturing
costs.

Segment operating income increased 7.2 percent to $48.9 million
primarily due to higher gross profit partially offset by higher
operating expenses.  Segment operating margin was 16.4 percent,
unchanged from the prior-year quarter.

Other Expenses

Total corporate costs were $23.8 million, an increase of $2.9
million primarily due to higher operating expenses including
incentive compensation.  This increase partially offset the
benefit from the termination of certain postretirement plans
related to current businesses of $14.2 million.

Certain pension costs of $8.0 million increased $1.2 million
compared with the prior-year quarter largely due to higher
interest costs.

Interest expense and related financing costs were $14.7 million
for the third quarter compared with $10.7 million for the prior-
year quarter.  Interest accretion on the deferred payment
obligations was $43.7 million for the third quarter.  The weighted
average cash interest rate for the third quarter was 4.3 percent.

Income Taxes

Income taxes on adjusted pre-tax income were recorded at a global
effective tax rate of approximately 34 percent.

Grace generally has not had to pay U.S. Federal income taxes in
recent years since available tax deductions and credits have fully
offset its U.S. tax liability.  Grace generated approximately
$1,300 million in U.S. Federal net operating losses in 2014,
including approximately $670 million upon emergence from
bankruptcy and $632 million upon payment of the deferred payment
obligation in the third quarter.  Income taxes paid in cash, net
of refunds, were $21.7 million during the first nine months of
2014, or approximately 7 percent of income before income taxes.

Cash Flow

Net cash used for operating activities in the first nine months of
2014 was $1.00 billion compared with net cash provided by
operating activities of $342.6 million in the prior-year period.
The year-over-year change in cash flow was largely due to the
payment of $1.32 billion as a result of the company?s emergence
from Chapter 11.

Adjusted Free Cash Flow in the first nine months of 2014 was
$330.3 million an increase of 13.8 percent compared with $290.3
million in the prior-year period.

Share Repurchase Program

In the third quarter, Grace spent $101 million to repurchase
approximately 1.1 million shares at an average price of $95.65.
Through September 30, Grace spent $334 million to repurchase
approximately 3.5 million shares under its $500 million share
repurchase authorization.

2014 Outlook

As of October 22, 2014, Grace expects 2014 Adjusted EBIT to be in
the range of $625 million to $630 million, an increase of 13 to 14
percent compared with 2013 Adjusted EBIT of $550.8 million.  The
company expects Adjusted EBITDA to be in the range of $760 million
to $765 million.  The company expects 2014 Adjusted Free Cash Flow
to be $430 million or more.

                       About W.R. Grace

Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.  Grace employs
approximately 6,500 people in over 40 countries and had 2012 net
sales of $3.2 billion.

The company and its debtor-affiliates filed for chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).

The Debtors are represented by Adam Paul, Esq., and John Donley,
P.C., Esq., at Kirkland & Ellis LLP, in Chicago, Illinois; Roger
Higgins, Esq., at The Law Offices of Roger Higgins, in Chicago,
Illinois; and Laura Davis Jones, Esq., James E. O'Neill, Esq.,
and Timothy P. Cairns, Esq., at Pachulski Stang Ziehl & Jones,
LLP, in Wilmington, Delaware.

The Debtors hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.

Stroock & Stroock & Lavan, LLP, and Duane Morris, LLP, represent
the Official Committee of Unsecured Creditors.  The Creditors
Committee tapped Capstone Corporate Recovery LLC for financial
advice.

Roger Frankel serves as legal representative for victims of
asbestos exposure who may file claims against W.R. Grace.  Mr.
Frankel, a partner at Orrick Herrington & Sutcliffe LLP, replaces
David Austern, who was appointed to that role in 2004.  Mr.
Frankel has served as legal counsel for Mr. Austern who passed
away in May 2013.  The FCR is represented by Orrick Herrington &
Sutcliffe LLP as counsel; Phillips Goldman & Spence, P.A., as
Delaware co-counsel; and Lincoln Partners Advisors LLC as
financial adviser.

Herrington & Sutcliffe LLP and Phillips Goldman & Spence, PA.
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, and Marla
R. Eskin, Esq., at Campbell & Levine, LLC, represent the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee of Property Damage Claimants tapped Scott Baena, Esq.,
and Jay M. Sakalo, Esq., at Bilzin Sumberg Baena Price & Axelrod,
LLP, to represent it.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel, LLP, represents the Official Committee of
Equity Security Holders.

W.R. Grace obtained confirmation of a plan co-proposed with the
Official Committee of Asbestos Personal Injury Claimants, the
Official Committee of Equity Security Holders, and the Asbestos
Future Claimants Representative.   The Chapter 11 plan is built
around an April 2008 settlement for all present and future
asbestos personal injury claims, and a subsequent settlement for
asbestos property damage claims.

District Judge Ronald Buckwalter on Jan. 31, 2012, entered an
order affirming the bankruptcy court's confirmation of the Plan.
Bankruptcy Judge Judith Fitzgerald had approved the Plan on
Jan. 31, 2011.

W.R. Grace defeated four appeals from approval of the Plan.  A
fifth appeal was by secured bank lenders claiming the right to
$185 million of interest at the contractual default rate.
Pursuant to a settlement announced in December 2013, lenders are
to receive $129 million in settlement of the claim for additional
interest.


WESTMORELAND COAL: Conference Held to Discuss Business Updates
--------------------------------------------------------------
Westmoreland Coal Company previously disclosed various
transactions related to the purchase of certain ownership
interests in Oxford Resources GP, LLC, and the contribution of
certain assets by Westmoreland to Oxford Resource Partners LP.

In association with the Oxford Transactions, on Oct. 16, 2014,
Westmoreland hosted a conference call with investors to discuss
various business updates.  The conference call was made available
to the public via conference call and webcast.  The transcript of
the conference call is available for free at http://is.gd/z6QNRh

                      About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest
independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland Coal incurred a net loss applicable to common
shareholders of $6.05 million in 2013, a net loss
applicable to common shareholders of $8.58 million in 2012 and a
net loss applicable to common shareholders of $34.46 million in
2011.

As of June 30, 2014, the Company had $1.58 billion in total
assets, $1.84 billion in total liabilities and a $260.64 million
total shareholders' deficit.

                           *     *     *

As reported by the TCR on Nov. 6, 2012, Standard & Poor's
Ratings Services raised its corporate credit rating on Englewood,
Co.-based Westmoreland Coal Co. (WLB). to 'B-' from 'CCC+'.

"The upgrade reflects our view that WLB is less vulnerable to
default after successfully negotiating less restrictive covenant
requirements for an unrated $110 million term loan due 2018," said
credit analyst Gayle Bowerman.  "Our assessment of WLB's business
risk profile as 'vulnerable' and financial risk profile as 'highly
leveraged' are unchanged.  We also revised our liquidity score to
'adequate' based on the covenant relief and additional liquidity
provided under the company's new $20 million asset-based loan
(ABL) facility from 'less than adequate'."

Westmoreland Coal carries a Caa1 corporate family rating from
Moody's Investors Service.


WAVE SYSTEMS: Completes Sale of eSignSystems for $1.2 Million
-------------------------------------------------------------
Wave Systems Corp. announced that it has sold eSignSystems - a
leader in lifecycle management software for eDelivery, eSignature
and eRentention - to California-based DocMagic, Inc., a leading
provider of loan and document preparation solutions for the
mortgage industry, in an all cash deal for $1.2 million.
eSignSystems has been a division of Wave since 2001.

"The sale of eSignSystems is an important step in our strategy to
focus our resources on our core business objectives.  Wave remains
committed to providing cutting edge cybersecurity solutions for
our customers that provide strong authentication and encryption
management based on a hardware root of trust," said Bill Solms,
president and CEO of Wave.  "As a founding member of the Trusted
Computing Group, Wave has long been a champion of hardware-based
cybersecurity solutions."

"With the sale of eSignSystems," Solms said, "Wave is better
positioned to refocus assets on pursuing targeted market segments
for its current solutions, including the most recently launched
Wave Virtual Smart Card 2.0, as well as accelerating the
development of new solutions.  This is a positive step in our plan
to complete a realignment of the company for the purpose of
greater business efficiency."

"The acquisition of eSignSystems by DocMagic is a marriage of
extraordinarily talented and visionary people with incredible SaaS
and on premise expertise and robust products and services," said
Dominic Iannitti, president and CEO of DocMagic.  "We are very
pleased that this is a mutually beneficial event for both WAVE and
DocMagic.

Security Research Associates of San Francisco, CA, served as M&A
advisors to Wave for this sale.

                        About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products
for hardware-based digital security, including security
applications and services that are complementary to and work with
the specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems reported a net loss of $20.32 million in 2013, a net
loss of $33.96 million in 2012 and a net loss of $10.79 million in
2011.

The Company's balance sheet at June 30, 2014, showed $15.36
million in total assets, $15.91 million in total liabilities and a
$541,220 total stockholders' deficit.

KPMG LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
Wave Systems Corp. has suffered recurring losses from operations
and has an accumulated deficit that raise substantial doubt about
its ability to continue as a going concern.


* Berry Spears Enhances Locke Lord's Austin Bankruptcy Team
-----------------------------------------------------------
Berry Spears, who previously served as the partner-in-charge of
Norton Rose Fulbright's Austin office, has joined Locke Lord's
Austin office as a Partner in the Firm's Litigation Department and
its Bankruptcy, Reorganization and Insolvency Practice Group.

Spears has extensive experience representing clients in a number
of key industries, including energy, financial institutions,
technology, life sciences and healthcare, infrastructure, mining
and commodities.

"We are fortunate to have someone with Berry's stature and stellar
reputation in the bankruptcy and restructuring practice area join
us," said Brian Cassidy, Managing Partner of the Firm's Austin
office. "Berry has represented clients on complex matters spanning
numerous industries and commercial sectors, including energy/oil
and gas, public utilities, high tech, communications, real estate,
manufacturing and government contracts and defense. He will have
an immediate impact on our Austin office and the Firm as a whole."

Spears' most recent work includes:

   * Experience in the electric utility industry, working with
     companies, cooperatives and independent power producers in a
     variety of matters;

   * Representing a major drilling contractor with operations in
     the Gulf of Mexico in its Chapter 11 case; and

   * Counseling a major energy company who was sued in a
     fraudulent conveyance action for more than $1.3 billion.

Spears earned his law degree from The University of Texas School
of Law. He is consistently ranked as one of the top
bankruptcy/restructuring lawyers by Chambers USA and Who's Who
Legal and was included in the Austin Business Journal's list of
"Who's Who in Energy" in 2013. He is a Fellow of the Texas Bar
Foundation and has served in numerous community leadership
positions, including Chairman of the American Heart Association
Walk in Austin in 2013.

Mr. Spears may be reached at:

         Berry D. Spears, Esq.
         LOCKE LORD
         600 Congress Avenue
         Suite 2200
         Austin, TX 78701
         Tel: (512) 305-4724
         Email: bspears@lockelord.com

Locke Lord consistently ranks among American Lawyer's top 100 U.S.
law firms. The Firm's full range of practice and industry areas
serve national and international clients from offices in Atlanta,
Austin, Chicago, Dallas, Hong Kong, Houston, London, Los Angeles,
New Orleans, New York, Sacramento, San Francisco and Washington,
D.C. It has an excellent reputation in complex litigation,
regulatory and transactional work, with its 650-plus lawyers
building collaborative relationships and crafting creative
solutions -- all designed and executed to meet clients' long-term
strategic goals.


* CFPB Says Bankruptcy Change Could Spur Student Loan Mods
----------------------------------------------------------
Law360 reported that the Consumer Financial Protection Bureau said
a change to the bankruptcy code that would allow debtors to
discharge private student loans could spur lenders to restructure
those loans before they go into default.  According to the report,
a 2005 change to the bankruptcy code that exempted private student
loans from discharge in a personal bankruptcy was intended to
lower the costs of those loans and expand access for lower income
borrowers, the CFPB said in its annual report of the student loan
ombudsman.


* The Deal Unveils Results of Q3 2014 Bankruptcy League Tables
--------------------------------------------------------------
The Deal, TheStreet's institutional business, announced the
results of their quarterly rankings of the top firms and
professionals involved in active bankruptcy cases for the third
quarter of 2014.  Data collected captures only active
restructuring work on ongoing U.S. and Canadian cases.

"The favorable interest rate environment continues to subdue the
number of in-court reorganizations, but we have noticed a growing
number of healthcare providers entering bankruptcy to sell their
assets," reported Anders Melin, Senior Editorial Data Coordinator
for The Deal.  "The implementation of the Affordable Care Act
earlier this year came with a number of new mandates on things
such as insurance reimbursement models and digitalization of
medical records, which have squeezed the margins of healthcare
providers.  The smaller players have a tough time incurring these
additional costs and therefore often end up being bought out of
bankruptcy by larger competitors."

League Table highlights:

The top three law firms held onto their rankings from Q2 with Saul
Ewing LLP with $1,091.9 billion in liabilities; Vedder Price PC
with $1061.4 billion in liabilities; Akin Gump Strauss Hauer &
Feld LLP with $1,046.5 billion in liabilities.  They were followed
by Goulston & Storrs PC with 965.9 billion in liabilities and
Duane Morris LLP with $952.9 billion in liabilities.

Amongst lawyers, Michael Schein (Vedder Price PC) held on to his
top ranking from last quarter, followed by Douglas Rosner
(Goulston & Storrs PC), Richard Hahn (Debevoise & Plimpton LLP),
Scott Davidson (King & Spalding LLP) and Daniel Golden (Akin Gump
Strauss Hauer & Feld LLP).

For investment banks, the top four banks held on to their rankings
from Q2 2014.  Blackstone Group LP maintained its lead with $795.5
billion in liabilities, followed by Miller Buckfire & Co. LLC in
second place with $727.8 billion in liabilities, Jefferies LLC in
third place with $88.6 billion in liabilities, Centerview Partners
LLC in fourth place with $52.1 billion in liabilities.  Evercore
Group LLC ranked fifth with $36.9 billion in liabilities.
The top five investment bankers held onto their rankings from Q2
with Timothy Coleman (Blackstone Group LP) in the lead, followed
by Stuart Erickson (Miller Buckfire & Co. LLC), Leon Szlezinger
(Jefferies LLC), Steven Zelin (Blackstone Group LP) and Robert
White (Jefferies LLC).

The full suite of rankings is available now on The Deal Pipeline,
the transaction information service powered by The Deal's newsroom
and the full report is also available online.

            About The Deal's Bankruptcy League Tables

The Deal's Bankruptcy League Tables are the industry's only league
tables focused solely on active bankruptcy cases.  The Bankruptcy
League Tables by volume involve only active U.S. bankruptcy cases
of debtors with liabilities of $10 million or more.  The rankings
are based on the aggregation of those liability values.  The table
reflects the number of active cases fitting that criteria and may
not characterize the total number of active cases.  Firms and
professionals only get one credit for each active case, not each
active assignment.  The Bankruptcy League Tables by number involve
U.S. and Canadian bankruptcy cases irrespective of debtor asset
size.  Professionals receive credit for multiple assignments on
one case.

                        About The Deal

The Deal -- http://www.thedeal.com-- is a media and data company
providing over 45,000 users with extensive coverage of M&A,
private equity, restructuring, activism and ECM.  As the No. 1
provider of deal intelligence in North America, law firms,
investment banks, hedge funds and private equity firms rely on The
Deal's analysis of potential and announced transactions for
business development and research.  The Deal is the institutional
arm of TheStreet, Inc. and has offices in New York, London,
Washington, D.C. and Petaluma, CA.


* BOOK REVIEW: Landmarks in Medicine - Laity Lectures
               of the New York Academy of Medicine
-----------------------------------------------------
Introduction by James Alexander Miller, M.D.
Publisher:  Beard Books
Softcover: 355 pages
List Price: $34.95
Review by Henry Berry

Order your own personal copy today at http://bit.ly/1sTKOm6

As the subtitle points out, the seven lectures reproduced in this
collection are meant especially for general readers with an
interest in medicine, including its history and the cultural
context it works within. James Miller, president of the New York
Academy of Medicine which sponsored the lectures, states in his
brief "Introduction" that this leading medical organization "has
long recognized as an obligation the interpretation of the
progress of medical knowledge to the public." The lectures
collected here succeed admirably in fulfilling this obligation.

The authors are all doctors, most specialists in different areas
of medicine. Lewis Gregory Cole, whose lecture is "X-ray Within
the Memory of Man," is a consulting roentgenologist at New York's
Fifth Avenue Hospital. Harrison Stanford Martland is a professor
of forensic medicine at New York University College of Medicine.
Many readers will undoubtedly find his lecture titled "Dr. Watson
and Mr. Sherlock Holmes" the most engrossing one. Other doctor-
authors are more involved in academic areas of medicine and
teaching. Reginald Burbank is the chairman of the Section of
Historical and Cultural Medicine at the New York Academy of
Medicine. He lectured on "Medicine and the Progress of
Civilization." Raymond Pearl, whose selection is "The Search for
Longevity," is a professor of biology at Johns Hopkins University.

The authors' high professional standing and involvement in
specialized areas do not get in the way of their aim to speak to a
general audience. They are all skilled writers and effective
communicators. As the titles of some of the lectures noted in the
previous paragraph indicate, the seven selections of "Landmarks in
Medicine" focus on the human-interest side of medicine rather than
the scientific or technological. Even the two with titles which
seem to suggest concern with technical aspects of medicine show
when read to take up the human-interest nature of these topics.
"The Meaning of Medical Research", by Dr. Alfred E. Cohn of the
Rockefeller Institute for Medical Research, is not so much about
methods, techniques, and equipment of medical research, but is
mostly about the interinvolvement of medical research, the
perennial concern of individuals with keeping and recovering good
health, and social concerns and pressures of the day. "The meaning
of medical research must regard these various social and personal
aspects," Cohn writes. In this essay, the doctor does answer the
questions of what is studied in medical research and how it is
studied. And he answers the related question of who does the
research. But his discussion of these questions leads to the final
and most significant question "for what reason does the study take
place?" His answer is "to understand the mechanisms at play and to
be concerned with their alleviation and cure." By "mechanisms,"
Cohn means the natural--i. e., biological--causes of disease and
illness. The lay person may take it for granted that medical
research is always principally concerned with finding cures for
medical problems. But as Cohn goes into in part of his lecture,
competition for government grants or professional or public
notoriety, the lure of novel experimentation, or research mainly
to justify a university or government agency can, and often do,
distract medical researchers and their associates from what Cohn
specifies should be the constant purpose of medical research. Such
purpose gives medicine meaning to humankind.

The second lecture with a title sounding as if it might be about a
technical feature of medicine, "X-ray Within the Memory of Man,"
is a historical perspective on the beginnings of the use of x-ray
in medicine. Its author Lewis Cole was a pioneer in the
development of x-rays in the late 1800s and early1900s. He mostly
talks about the development of x-ray within his memory. In doing
so, he also covers the work of other pioneers, notably William
Konrad Roentgen and Thomas Edison. Roentgen was a "pure scientist"
who discovered x-rays almost by accident and at first resented the
application of his discovery to practical uses such as medical
diagnosis. Edison, the prodigious inventor who was interested only
in the practical application of scientific discoveries, and his
co-worker Clarence Dally enthusiastically investigated the
practical possibilities of the discoveries in the new field of
radiation. Dally became so committed to his work in this field
that he shortly developed an illness and died. At the time, no on
knew about the dangers of prolonged exposure to x-rays. But
sensing some connection between his co-worker's untimely death and
his work with x-rays, Edison stopped his own investigations.

Cole himself became involved in work with x-rays during his
internship at Roosevelt Hospital in New York City in 1898 and
1899. His contribution to this important field was in the area of
interpretation of what were at the time primitive x-rays and
diagnosis of ailments such as tuberculosis and kidney stones. Cole
writes in such a way that the reader feels she or he is right with
him in the steps he makes in improving the use of x-rays. He adds
drama and human interest to the origins of this important medical
technology. The lecture "Dr. Watson and Mr. Sherlock Holmes" uses
the popular mystery stories of Arthur Conan Doyle to explore the
role of medicine in solving crimes, particularly murder. In some
cases, medical tests are required to figure out if a crime was
even committed. This lecture in particular demonstrates the
fundamental role played by medicine in nearly all major areas of
society throughout history. The seven collected lectures have
broad appeal. All of them are informative and educational in an
engaging way. Each is on an always interesting topic taken up by a
professional in the field of medicine obviously skilled in
communicating to the general reader. The authors seem almost mind
readers in picking out the most fascinating aspects of their
subjects which will appeal to the lay readers who are their
intended audience. While meant mainly for lay persons, the
lectures will appeal as well to doctors, nurses, and other
professionals in the field of medicine for putting their work in a
broader social context and bringing more clearly to mind the
interests, as well as the stake, of the public in medicine.


                             *********

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.


                  *** End of Transmission ***