TCR_Public/141113.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Thursday, November 13, 2014, Vol. 18, No. 316

                            Headlines

30DC INC: Announces 10th Annual Online Training Program
87-10 51ST AVENUE: Order Denying Bid to Reopen Case Upheld
1080 UTICA: Voluntary Chapter 11 Case Summary
ACCELPATH INC: ASC Recap Owns 9.9% Equity Stake
ACCESS CIG: S&P Assigns 'B' Corp. Credit Rating; Outlook Stable

AMERICAN AIRLINES: Makes Joint Contract Proposal to Pilots
AMERICAN SPECTRUM: Files for Ch 11 to Halt Foreclosure
AMR CORP: Dist. Ct. Throws Out "Bremus" Discrimination Lawsuit
ANNA PLAZA: Case Summary & 8 Largest Unsecured Creditors
APPLIED MINERALS: Raises $12.5 Million From Private Placement

ARCHDIOCESE OF MILWAUKEE: 7th Cir. Upheld Order on Doe Claim
ATLS ACQUISITION: Time to Remove Actions Extended to Jan. 12
ATLS ACQUISITION: Ace American Files Limited Objection to Sale
B/E AEROSPACE: S&P Affirms 'BB+' CCR & Removes From Watch Dev.
BAXANO SURGICAL: Case Summary & 20 Largest Unsecured Creditors

BOB BROOKS: Korsunky Can't Challenge Cuevas & Greenwald Retention
BROADVIEW NETWORKS: Incurs $2.4 Million Net Loss in 3rd Quarter
BUCCANEER RESOURCES: Plan Confirmation Hearing on Dec. 8
BUILDERS FIRSTSOURCE: Files Form 10-Q, Posts $8.5MM Q3 Income
BVS CONSTRUCTION: Case Summary & 20 Largest Unsecured Creditors

C.F. TOURNAMENT: Case Summary & 3 Largest Unsecured Creditors
CAIN LITHOGRAPHERS: Case Summary & 11 Largest Unsecured Creditors
CIRCLE RESTAURANT: Owner Hopes Ch 11 Would Clean Up Past Issues
CULLMAN REGIONAL: Moody's Affirms Ba1 Rating on 2009A Bonds
DAHL'S FOODS: Proposes $9.75-Mil. of Financing From AWG

DAHL'S FOODS: Proposes to Hire Bradshaw Fowler as Counsel
DAHL'S FOODS: Taps Crowe & Dunlevy as Conflicts Counsel
DAHL'S FOODS: Proposes Food Partners as Financial Advisor
DENDREON CORP: Bankruptcy Filing Not A Surprise, Zacks Equity Says
DETROIT, MI: Automakers Pitch In to Aid City's Bankruptcy Exit

DOVER DOWNS: Files Form 10-Q, Doubts Going Concern Status
EAT AT JOE'S: Identifies Material Weakness in Financial Reporting
ERF WIRELESS: Inks $2.5-Mil. Financing Agreement With WISPer
EXECUTIVE LIFE: Civil Contempt Order on Stone et al. Upheld
EXPO EMART: Case Summary & 14 Largest Unsecured Creditors

FANNIE MAE: Reports $3.9 Billion Net Income for Third Quarter
FINJAN HOLDINGS: Unit Files $60MM Infringement Suit vs. Palo Alto
FIRST SECURITY: Files Form 10-Q, Posts $927,000 Net Income in Q3
FRED FULLER: In Talks With Potential Buyers
GMG CAPITAL: Athenian Objects to Disclosure Statement

GREEN ENERGY: S&P Retains 'BB-' Rating on Debt After Upsizing
GT ADVANCED: Can Tap Rothschild Inc as Financial Advisor
GT ADVANCED: Court Sets April 6 as Governmental Claims Bar Date
GTA REALTY II: US Trustee Appoints Creditors' Committee
HARRON COMMUNICATIONS: Moody's Hikes Unsec. Bonds Rating to B3

HOVNANIAN ENTERPRISES: Unit Inks Indenture With Wilmington Trust
I2A TECHNOLOGIES: Files Schedules of Assets and Liabilities
INTOWN COMPANIES: Case Summary & 17 Largest Unsecured Creditors
ISLAND BREEZE: Defaulted on $1.5MM Loan From SourcePoint
J.C. PENNEY: S&P Affirms 'CCC+' Corporate Credit Rating

JACKSONVILLE BANCORP: CapGen Capital Holds 42% Equity Stake
KIMBALL HILL: Consolidation of Fidelity et al. Claims Upheld
KLX INC: S&P Assigns 'BB' Corporate Credit Rating; Outlook Stable
LANDDRILL COMPANIES: Debt Owed to Landdrill BC to Be Sold Nov. 21
LDK SOLAR: Incurs $1.6 Billion Net Loss in 2013

LDK SOLAR: Hires Sidley Austin as Attorneys
LDK SOLAR: Hires Young Conaway as Co-counsel
LIGHTSQUARED INC: Ergen Seeks to Halt Discovery in Harbinger Suit
LLRIG TWO: Names Beecher and Conniff as Attorney
MCCLATCHY CO: To Repurchase $459.5 Million Senior Notes

MEDICURE INC: Dr. Albert D. Friesen to File Early Warning Report
MICROVISION INC: Posts $3.3 Million Net Loss in Third Quarter
MINERAL PARK: Settles Dispute With Silver Wheaton, et al.
MJC AMERICA: Files Amended Schedule F Unsecured Nonpriority Claim
MJS LAS CROBAS: FDIC Not a Good Faith Lienholder, Court Says

MOLYCORP INC: Incurs $105.2 Million Net Loss in Third Quarter
MUD KING: Disclosure Statement Hearing Moved Further to Dec. 8
NATROL INC: Has Approval to Sell Assets to Aurobindo for $132.5MM
NAVISTAR INTERNATIONAL: Chief Operating Officer to Retire
NEW BRANCHES CHARTER: S&P Lowers Rating on Revenue Bonds to 'BB-'

NII HOLDINGS: Amends Schedules of Assets and Liabilities
NII HOLDINGS: US Trustee Amends Unsecured Committee Members
NII HOLDINGS: Hires McKinsey Recovery as Turnaround Advisor
NII HOLDINGS: Taps Ernst & Young for Accounting Services
NNN SIENNA: Hearing on Reorganization Plan Today

NORTEL NETWORKS: Continues to Burn Cash Despite Not Operating
ORECK CORP: KWG Advertising Objects to Confirmation of Plan
JOHN D. OIL: Deadline to Pay RBS Extended to Nov. 13
PACIFIC STEEL: Amends Schedules of Assets & Liabilities Anew
PACIFIC STEEL: Can File Chapter 11 Plan Until December 6

PANTHER TRAILS: S&P Revises Outlook to Pos. & Affirms 'BB' Rating
PROSPECT PARK: Court Sets December 15 as Claims Bar Date
QUALITY DISTRIBUTION: Obtains $350-Mil. ABL Credit Facility
RADIOSHACK CORP: EVP of Human Resources to Quit
REALOGY CORP: Reports $100 Million Third Quarter Net Income

RESEARCH SOLUTIONS: Posts $1.1-Mil. Net Income in Sept. 30 Qtr.
REYNOSO VINEYARDS: Court Closes Chapter 11 Bankruptcy Case
RICHMOND VALLEY: Seeks Court's Final Decree Closing Case
RIVERWALK JACKSONVILLE: Needs More Time to Negotiate Asset Sale
ROSETTA GENOMICS: Adjourns Annual Meeting for Lack of Quorum

ROSETTA RESOURCES: S&P Affirms 'BB-' Corp. Credit Rating
SAM WYLY: Ex-Wife Sues to Protect Annual $500,000 Alimony
SAM WYLY: Inflated Expenses to Up Bankruptcy Budget, SEC Claims
SCIENTIFIC GAMES: Plans to Offer $700MM Senior Secured Notes
SEARS HOLDINGS: Moody's Rates Sr. Unsecured Notes Due 2019 Caa3

SERVICE CORP: S&P Raises Corp. Credit Rating to 'BB+'
SIFCO SA: U.S. Court Recognizes Brazilian Proceedings
STC INC: Wins Initial Recognition Order From Ontario Court
SUN BANCORP: Files Form 10-Q, Reports $825K Net Income for Q3
SUN BANCORP: Anthony Morris Named as Chief Banking Officer

SUPERVALU INC: Fitch Rates $350MM of 7.75% Unsecured Notes 'B'
TRANS CONTINENTAL: Memo Opinion in Suntrust Suit Amended
TRAVELPORT LIMITED: Suspending Filing of Reports With SEC
TRIGEANT HOLDINGS: Jan. 7 Hearing on Approval of Plan Outline
TRIGEANT HOLDINGS: Disclosures OK'd; Jan. 7 Plan Hearing Set

TRIGEANT LTD: Taps Greenberg Traurig as General Bankr. Counsel
U.S. TELEPACIFIC: S&P Rates $530MM Secured Credit Facilities 'B-'
VERITEQ CORP: Signs Securities Purchase Agreement With Magna
VIRGINIA BROADBAND: Court Rules on Objections to Ex-CEO Claims

WIZARD WORLD: Posts $537,800 Net Income in Third Quarter

* Recent Small-Dollar & Individual Chapter 11 Filings


                             *********


30DC INC: Announces 10th Annual Online Training Program
-------------------------------------------------------
30DC, Inc., announced that its annual 30 day Challenge (The
Challenge) is underway for 2014.  The Challenge provides
comprehensive e-commerce training that was created for both new
and experienced web entrepreneurs.  It is one of the Internet's
longest running online programs, and more then 260,000 people have
participated since its inception.

The 2014 Challenge program will be delivered live during five
weekly training webinars starting on Thursday, October 30, and
continuing through November.  Those who attend will be able to
participate in Q&A sessions.  Supporting materials will be
available for participants at
http://www.digitalsuccessbootcamp.com/livethroughout the length
of The Challenge.

Topics include:

     * How to find profitable niches
     * How to build your email list
     * How to get traffic
     * How to make more sales

Here is the webinar schedule for this year's Challenge webinar
course:

Week 1: October 30, 7:30pm EST
Week 2: November 6, 7:30pm EST
Week 3: November 13, 7:30pm EST
Week 4: November 20, 7:30pm EST
Week 5: November 27, 7:30 pm EST

Those who miss the first week can still join The Challenge,
because participants who are  unable to attend a class may watch
any recorded session later at a private online location.
Prospective online entrepreneurs and content creators
interested in starting a digital business can sign up for the 2014
Challenge at http://www.digitalsuccessbootcamp.com/land

Following the conclusion of the 2014 Challenge, the recorded
sessions and supporting material will be packaged into a course
titled "How to Build a Successful Digital Business Starting from
Scratch" at a cost $497 for the entire program.

                          About 30DC Inc.

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

30DC, Inc., posted net income of $58,918 on $2.79 million of total
revenue for the year ended June 30, 2014, compared to a net loss
of $407,642 on $1.46 million of total revenue for the year ended
June 30, 2013.

The Company's balance sheet at June 30, 2014, showed $2.64 million
in total assets, $1.92 million in total liabilities, and $716,127
in total stockholders' equity.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended June 30, 2014.  The independent auditors noted that
the Company has accumulated losses from operations since
inception and has a working capital deficit as of June 30, 2014.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


87-10 51ST AVENUE: Order Denying Bid to Reopen Case Upheld
----------------------------------------------------------
A New York district court affirmed Bankruptcy Judge Elizabeth S.
Stong's Feb. 26, 2014 order denying an application to reopen the
Chapter 11 reorganization proceeding of 87-10 51st Avenue Owners
Corporation.

The District Court entered its order to address the appeal by
Robert Valdes Clausell on the Feb. 26 denial order.

87-10 51st Avenue is a co-op building in Elmhurst, New York.
Clausell is one of its residents and, at various times, has been
one of the building's board members and managers.

The case is ROBERT VALDES CLAUSELL, Appellant, v. 87-10 51st
AVENUE OWNERS CORP., Appellee, NO. 14 CV 02691 (RJD) (E.D. N.Y.).
A copy of the District Court's Memorandum & Order dated Nov. 3,
2014 is available at http://is.gd/8uXm2qfrom Leagle.com.

87-10 51st Avenue filed for Chapter 11 protection on July 5, 2009
(Bankr. E.D.N.Y. Case No. 09-45657).  A joint plan of
reorganization for the Debtor was filed with the Bankruptcy Court
on Aug. 15, 2011, which was eventually confirmed.  The Plan
provided Clausell with an allowed claim of $60,000, subordinated
to all other unsecured creditors.  The case was eventually closed
in November 2013.

Clausell sought a re-opening of the Debtor's case for the limited
purpose of having the Debtor pay his claim.

In his Nov. 3 ruling, District Judge Raymond J. Dearie opined,
"Given that the bankruptcy proceeding was closed, Clausell's claim
is small, and reopening the proceeding may be to 'open a can of
worms,' the Bankruptcy Court was certainly within its discretion
in declining to reopen the bankruptcy case."

87-10 51st Avenue Owners Corp., Debtor, represented by Gerard R.
Luckman, Esq. -- GLuckman@SilvermanAcampora.com -- of Silverman
Perlstein & Acampora LLP.


1080 UTICA: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: 1080 Utica LLC
        2502 E. 66th St.
        Brooklyn, NY 11234

Case No.: 14-45735

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: November 11, 2014

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Hon. Elizabeth S. Stong

Debtor's Counsel: Bruce Weiner, Esq.
                  ROSENBERG MUSSO & WEINER LLP
                  26 Court Street, Suite 2211
                  Brooklyn, NY 11242
                  Tel: (718) 855-6840
                  Fax: 718-625-1966
                  Email: rmwlaw@att.net

Total Assets: $2.50 million

Total Liabilities: $1.26 million

The petition was signed by Neville Patterson, managing member.

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


ACCELPATH INC: ASC Recap Owns 9.9% Equity Stake
-----------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, ASC Recap LLC and Southridge Partners II LP disclosed
that as of Nov. 5, 2014, they beneficially owned 9,619,000 shares
of common stock of Accelpath, Inc., representing 9.9 percent of
the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/5eRPj0

                          About AccelPath

Gaithersburg, Md.-based AccelPath has two primary businesses:
AccelPath, LLC, and Digipath Solutions, LLC, are in the business
of enabling pathology diagnostics and Technest, Inc. (a 49% owned
subsidiary) is in the business of the design, research and
development, integration, sales and support of three- dimensional
imaging devices and systems.

John Scrudato CPA expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company
had an accumulated deficit at June 30, 2014, a net loss and net
cash used in operating activities for the fiscal year then ended.

The Company reported a net loss of $2.51 million on $216,000 of
revenues for the fiscal year ended June 30, 2014, compared with a
net loss of $1.99 million on $334,616 of sales in the prior year.

The Company's balance sheet at June 30, 2014, showed $1.13 million
in total assets, $2.75 million in total liabilities and a
stockholders' deficit of $1.63 million.


ACCESS CIG: S&P Assigns 'B' Corp. Credit Rating; Outlook Stable
---------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Livermore, Calif.-based records information
management company Access CIG LLC.  The outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating and '3'
recovery rating to the company's proposed $40 million senior
secured revolving credit facility due 2019 and $342 million senior
secured first-lien loan due 2021.  The '3' recovery rating
indicates S&P's expectation for meaningful recovery (50%-70%) of
principal for debtholders in the event of default.

S&P also assigned its 'CCC+' issue-level rating and '6' recovery
rating to the company's proposed $152 million senior secured
second-lien loan.  The '6' recovery rating indicates S&P's
expectation for negligible recovery (0%-10%) of principal for
debtholders in the event of default.

"The 'B' corporate credit rating reflects Access' relatively small
size and niche positioning in the records information management
(RIM) industry," said Standard & Poor's credit analyst Jawad
Hussain.  "It also reflects the company's 'highly leveraged'
financial risk profile, resulting from the increased debt in the
capital structure due Berkshire Partners LLC's acquisition of the
company."

The stable outlook reflects S&P's view that the company will
achieve low- to mid-single-digit percent organic revenue growth
with a relatively stable EBITDA margin, and that leverage will
remain above 5x over the next two years.

Although unlikely over the next two years, S&P could raise the
rating if it concludes that leverage will drop below 5x and remain
at that level for a sustained period.  This could occur if the
company continues to grow organic revenue, and if it focuses its
cquisitions on targets involving little or no additional debt and
that add storage space at a measured pace, provide customer lists
that help to broaden its end-market base, and reduce its
concentrated exposure to the health care and legal end markets.

Although also unlikely over the next two years, S&P could lower
the rating if the company starts to experience declines in its
revenue and EBITDA margin as a result of faster-than-expected
migration to digital storage.  Additional rating pressure could
result from marketing or pricing pressure from larger competitors
in the industry, resulting in the company experiencing negative
discretionary cash flow and higher leverage.


AMERICAN AIRLINES: Makes Joint Contract Proposal to Pilots
----------------------------------------------------------
Susan Carey, writing for The Wall Street Journal, reported that
American Airlines Group Inc. made a proposal to its pilots,
promising the highest pay rates among the carrier?s big rivals and
removing an unpopular request in an effort to ?build much needed
trust into our labor-management relations,? Scott Kirby, the
airline?s president said in a letter.

According to the report, the Allied Pilots Association, the
bargaining agent for about 10,000 American pilots and 5,000 US
Airways aviators, said its 22-member board of directors is
scheduled to meet for three days this week to evaluate the offer.

The joint proposal to the airline's pilots came just two days
after the Association of Professional Flight Attendants -- the
former American flight attendant union that now also represents
the US Airways crew workers -- narrowly rejected a joint labor
contract covering its members.  As previously reported by The
Troubled Company Reporter, citing The Wall Street Journal, workers
voted 8,180 for the deal, and 8,196 against.  Under a protocol
agreed with the airline, the flight attendant deal will now go to
federal mediation to settle the terms.

                     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 SPECTRUM: Files for Ch 11 to Halt Foreclosure
------------------------------------------------------
American Spectrum Realty, Inc., filed for Chapter 11 bankruptcy on
Sept. 30, 2014, Suzanne Edwards at Houston Business Journal
reports, citing James Hurn, the general counsel for the company.

American Spectrum says in its annual filing with the U.S.
Securities and Exchange Commission that "the action was taken by
the company in response to foreclosure proceedings instituted by
the secured creditor.  The company's management believes that the
value of the property known as 2401 Fountainview can be preserved
through either a plan of reorganization or orderly marketing and
sale of the asset.  Although there can be no assurances, the
company believes that the subsidiary will continue to operate as a
'debtor in possession' in the ordinary course under the
jurisdiction of the Bankruptcy Court."

American Spectrum acquired Fountainview property in 2006 and it
has significantly increased in value since, Business Journal
relates, citing Mr. Hurn.

According to Business Journal, American Spectrum was looking
toward a sale of the Fountainview property, but the limited
partner sought to exert influence under a clause in the two
parties' agreement allowing the limited partner to take control
under certain circumstances.  American Spectrum took advantage of
the "automatic stay" that results from a bankruptcy petition to
maintain progress toward the sale, Business Journal states.

              About American Spectrum Realty, Inc.

American Spectrum Realty, Inc. -- http://www.asrmanagement.com--
is a real estate investment company that owns, through an
operating partnership, interests in office, industrial, retail,
self-storage, RV parks, retail, multi-family properties and
undeveloped land throughout the United States.  American Spectrum
Management Group, Inc., a wholly-owned subsidiary of the Company,
manages and leases all properties owned by American Spectrum
Realty, Inc. as well as for third-party clients totaling 10
million square feet in multiple states.


AMR CORP: Dist. Ct. Throws Out "Bremus" Discrimination Lawsuit
--------------------------------------------------------------
A Virginia district court dismissed without prejudice the
employment discrimination lawsuit brought by Anne Melchor Bremus
against AMR Corp., et al., in a Nov. 3, 2014 Opinion and Final
Order available at http://is.gd/WKSP7Ffrom Leagle.com.

In her Nov. 3 ruling, Chief District Judge Rebecca Beach Smith
opined that in this case, it is undisputed that Plaintiff Anne
Bremus filed her proof of claim for employment discrimination with
the Bankruptcy Court on August 5, 2013, over one year after the
Bar Date of July 16, 2012, and that the Plaintiff's employment
discrimination claim was not listed on the Schedules filed by the
Debtors at the beginning of the bankruptcy proceeding. Thus, under
both the terms of the Plan and the Bankruptcy Rules, the
Plaintiff's employment discrimination claim is disallowed.

The judge held that because the Plaintiff's claim is a Disallowed
Claim since it was not filed before the Bar Date, it was
discharged upon the Plan Effective Date of July 16, 2012.

Accordingly, the District Court grants the Defendants' Motion for
Judgment on the Pleadings, without prejudice to the Plaintiff's
ability to petition the Bankruptcy Court to accept her untimely
proof of claim.

The Plaintiff's request for oral argument is also denied.

The action is Anne Melchor Bremus, Plaintiff, v. AMR Corp., et
al., Defendants, Action No. 2:12CV100 (E.D. Va.).

American Eagle Airlines, Inc., Defendant, represented by William
McCardell Furr, Esq. -- wfurr@wilsav.com -- of Willcox & Savage
PC; and Daniel E Farrington, Esq. -- dfarrington@farringtonlaw.com
-- and Lauren Genvert Goetzl, Esq., of The Farrington Law Firm
LLC.

                    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.


ANNA PLAZA: Case Summary & 8 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Anna Plaza, Inc.
           dba Coyote Den & Coyote Liquor
        1708 Pebble Run Drive
        Allen, TX 75002

Case No.: 14-42392

Chapter 11 Petition Date: November 11, 2014

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

Debtor's Counsel: Eric A. Liepins, Esq.
                  ERIC A. LIEPINS, P.C.
                  12770 Coit Road, Suite 1100
                  Dallas, TX 75251
                  Tel: (972) 991-5591
                  Email: eric@ealpc.com

Total Assets: $1.34 million

Total Liabilities: $1.42 million

The petition was signed by Ahmed Asad, president.

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/txeb14-42392.pdf


APPLIED MINERALS: Raises $12.5 Million From Private Placement
-------------------------------------------------------------
Applied Minerals, Inc., has closed $12,500,000 of financing
through the private placement of $19,848,486 10% PIK Election
Convertible Notes due 2018 with a strike price of $0.92.  The
Notes are mandatorily convertible by the Company after the second
anniversary of their issuance if certain conditions are satisfied.
Additionally, under certain conditions, the Company has an option
to extend the maturity date of the Notes.  A more detailed
explanation of the terms of the Notes is included in the Current
Report on Form 8-K filed with the Securities and Exchange
Commission, a copy of which is available at http://is.gd/s7EcwK

The purchasers of the Notes included seven institutional and
accredited investors, all of whom are existing stakeholders in the
Company.  No broker was used and no commission was paid as part of
the financing.  In connection with the transactions, previously
issued warrants to purchase 5.0 million shares of Common Stock at
$2.00 per share were cancelled by the Company.

According to Andre Zeitoun, CEO and president of Applied Minerals,
Inc.: "This investment solidifies the Company's financial
foundation and provides us a comfortable runway to convert the
many commercial opportunities currently in progress.  We look
forward to updating our shareholders at our upcoming Annual
Meeting of Shareholders on December 10th."

                      About Applied Minerals

New York City-based Applied Minerals, Inc. (OTC BB: AMNL) is a
leading global producer of halloysite clay used in the development
of advanced polymer, catalytic, environmental remediation, and
controlled release applications.  The Company operates the Dragon
Mine located in Juab County, Utah, the only commercial source of
halloysite clay in the western hemisphere.  Halloysite is an
aluminosilicate clay that forms naturally occurring nanotubes.

Applied Minerals incurred a net loss of $13.06 million in 2013, a
net loss of of $9.73 million in 2012 and a net loss of $7.43
million in 2011.

As of June 30, 2014, Applied Minerals had $11.46 million in total
assets, $12.56 million in total liabilities and a $1.09 million
total stockholders' deficiency.

                        Bankruptcy Warning

"The Company has had to rely mainly on the proceeds from the sale
of stock and convertible debt to fund its operations.  If the
Company is unable to fund its operations through the
commercialization of its minerals at the Dragon Mine, there is no
assurance that it will be able to raise funds through the sale of
equity or debt.  If so, it may have to file bankruptcy," according
to the Company's 2013 Annual Report as filed with the U.S.
Securities and Exchange Commission.


ARCHDIOCESE OF MILWAUKEE: 7th Cir. Upheld Order on Doe Claim
------------------------------------------------------------
The U.S. Court of Appeals for the Seventh Circuit, in a Nov. 5,
2014 order available at http://is.gd/hGN1F7from Leagle.com,
affirmed a district court order granting summary judgment in favor
of the Archdiocese of Milwaukee on a fraudulent inducement claim
filed by victim of clerical abuse.

The victim, identified in the Court's opinion as John Doe, was
sexually abused as a student at St. John's School for the Deaf in
Milwaukee, Wisconsin, in 1974 by Fr. Lawrence Murphy.  Doe
participated in the Archdiocese of Milwaukee's voluntary mediation
program in 2007 and reached an $80,000 settlement for his claims
of fraud, negligence and sexually battery.  However, about four
years later, when the Archdiocese filed for bankruptcy, Doe sought
a bankruptcy claim in the bankruptcy case saying he was
fraudulently induced into settlement.

In its Nov. 5 order, the Seventh Circuit held: "[W]e conclude the
statute does not allow the admission of communications made during
the mediation here because the disputes in mediation and in Doe's
bankruptcy proof of claim are not distinct. As a result, summary
judgment in the Archdiocese's favor was proper, as was the
resulting order disallowing Doe's claim."

The matter is JOHN DOE, Claimant A-282, Appellant, v. ARCHDIOCESE
OF MILWAUKEE, Debtor-Appellee, No. 13-3783 (7th Cir.).

                  About Archdiocese of Milwaukee

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

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

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

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

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


ATLS ACQUISITION: Time to Remove Actions Extended to Jan. 12
------------------------------------------------------------
Hon. Peter J. Walsh of the Bankruptcy Court for the District of
Delaware has authorized the extension of ATLS Acquisition, LLC's
time to file notices of removal of proceedings to Jan. 12, 2015.

Pursuant to the first extension order, the deadline for the
Debtors to file notices of removal was extended July 15, 2013.
The Court has entered several extension orders after that.

As of the Petition Date, the Debtors had civil causes of action
and proceedings pending in the courts of various states, including
those listed on the Debtors' statements of financial affairs.

Since the Petition Date, the attention of the Debtors' personnel
and management, has been focused on transitioning into Chapter 11,
the Debtors' litigation with Alere, Inc., addressing issues
related to the relators' litigation, stabilizing and then
improving their business operations, negotiating a settlement with
the Centers for Medicare & Medicaid Services, resolving numerous
issues with Medco, negotiating a stalking horse purchase agreement
for the sale of substantially all of the Debtors' assets, and
administering these chapter 11 cases.

                      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: Ace American Files Limited Objection to Sale
--------------------------------------------------------------
Ace American Insurance Company has filed a limited objection to
ATLS Acquisition, LLC's motion to auction most of its assets.

According to the Asset Purchase Agreement, the Debtors intend to
assign certain designated contracts to the Buyer on or after the
Closing Date.  According to the Schedules attached to the Asset
Purchase Agreement, one of ACE's Policies is listed among the
contracts that Debtors may seek to assign to the Buyer.

The Policies were issued to the Debtors in accordance with ACE's
applicable underwriting criteria which require an evaluation of
the risks associated with extending insurance coverage to a
prospective insured.  Because any assignment of the Policies could
alter ACE's potential exposure under those contracts, the
assignment of any of the Policies without the consent of ACE is
prohibited by applicable non-bankruptcy law.

Moreover, any and all obligations of Debtors, as insureds under
the Policies, must be assumed by Buyer in connection with any
assumption and assignment of such policies and ACE reserves its
right to assert claims for any presently unliquidated amounts for
any obligations due and owing under any Policy assigned to Buyer.

ATLS Acquisition LLC intends 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.

                      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


B/E AEROSPACE: S&P Affirms 'BB+' CCR & Removes From Watch Dev.
--------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed it 'BB+'
corporate credit rating on B/E Aerospace Inc.  S&P also removed
the ratings from CreditWatch, where it had placed them with
developing implications on June 10, 2014.  The outlook is stable.

At the same time, S&P assigned a 'BB+' issue-level rating to the
company's proposed $2.8 billion secured credit facility (which
includes a $600 million revolver and $2.2 billion term loan) with
a '3' recovery rating, indicating expectations for meaningful
(50%-70%) recovery in a simulated default scenario.

S&P plans to withdraw its ratings on the company's existing debt,
which will all be repaid, once the transaction closes.

"The affirmation reflects our belief that a more moderate
financial policy going forward--with less risk to our base-case
forecast--is enough to offset lost business diversity and higher
leverage initially following the spin-off, which we expect to be
completed on Dec. 15, 2014," said Standard & Poor's credit analyst
Tatiana Kleiman.

B/E Aerospace will use the proceeds from a $750 million dividend
from KLX and the new $2.2 billion term loan to refinance existing
debt, including $1.95 billion of existing notes and $868 million
of revolver borrowings; to pay roughly $200 million in breakage
costs tied to retiring the notes early; and to pay related fees
and expenses.

The stable outlook reflects S&P's belief that earnings growth from
strong commercial aerospace market conditions combined with debt
reduction and contributions from possible bolt-on acquisitions
should result in gradually improving credit metrics, with debt to
EBITDA between in 3.2x-3.7x in 2015 from about 4x on a pro forma
basis immediately following the spin-off.

S&P could lower the rating if debt to EBITDA were to remain above
4x and FFO to debt below 20% for a sustained period, which would
mostly likely be caused by a lack debt reduction due to greater-
than-expected shareholder rewards combined with unanticipated
operational difficulties.

Although unlikely over the next year, S&P could raise the rating
FFO to debt rises above 35% and debt to EBITDA falls below 2.5x,
and management commits to maintaining these ratios for a sustained
period.


BAXANO SURGICAL: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Baxano Surgical Inc.
        110 Horizon Drive, Suite 230
        Raleigh, NC 27615

Case No.: 14-12545

Type of Business: Health Care

Chapter 11 Petition Date: November 12, 2014

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

Debtor's Counsel: John D. Demmy, Esq.
                  Joseph H. Huston, Esq.
                  STEVENS & LEE, P.C.
                  1105 North Market Street, 7th Floor
                  Wilmington, DE 19801
                  Tel: 302-425-3309
                  Fax: 610-371-8515
                  Email: jdd@stevenslee.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Ken Reali, chief executive officer.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Sabby Healthcare Volatility Master Unsecured Loan     $5,296,102
Robert Grundstein
COO & General Counsel
10 Mountainview Road, Ste. 205
Upper Saddle River, NJ 07458

Health & Human Services            OIG Settlement     $3,480,489
330 Independence Ave.
SW Washington, DC 20201

DAFNA Life Sciences LP             Unsecured Loan     $2,093,536
10990 Wilshire Blvd., Ste. 1400
Los Angeles, CA 90024

DAFNA Life Science Market Neutral  Unsecured Loan     $1,932,493
10990 Wilshire Blvd., Ste. 1400
Los Angeles, CA 90024

Sabby Volatility Warrant           Unsecured Loan     $1,765,366
Master Fun
10 Mountainview Rd., Ste 205
Upper Saddle River NJ 07458

Mountain Manufacturing Tech.         Trade Debt         $310,812
400 Apollo Dr.
Lino Lakes, MN 55014

rms Surgical, Inc.                   Trade Debt         $235,644

Bradshaw Medical Inc.                Trade Debt         $223,929

PriceWaterhouseCoopers               Trade Debt         $189,000

Stradling Yocca Carlson              Trade Debt         $163,108

Sun Life Assurance Company of Canad  Trade Debt         $153,278

Cretex Companies dba rms Company     Trade Debt         $153,224

Quality Tech Services, Inc.          Trade Debt         $139,224

Berg Manufacturing, Inc.             Trade Debt         $122,988

Pacific Instruments                  Trade Debt         $114,720

Goodwin Procter LLP                  Trade Debt         $106,993

Phillips Plastics Corp.              Trade Debt         $102,329

IKYN Surgical, LLC                   Trade Debt          $99,000

Arcamed LLC                          Trade Debt          $90,105

Robert Garabedian                    Employee            $87,690
                                     Severance
                                     Claim


BOB BROOKS: Korsunky Can't Challenge Cuevas & Greenwald Retention
-----------------------------------------------------------------
A New York bankruptcy court denied Igor Korsunky's motion to
disqualify Cuevas & Greenwald, P.S. as bankruptcy counsel to
Debtors Bob and Alexandra Brooks.

Bankruptcy Judge Louis A. Scarcella finds the delay in Korsunsky's
bringing the Motion for Reconsideration of the C&G Retention Order
to be inexcusable.  As a result, Korsunsky has waived the right to
challenge the Retention Order, the judge opined.

Bob and Alexandra Brooks filed for Chapter 11 relief on Feb. 21,
2013 (Bankr. E.D.N.Y. Case No. 13-70840).  The case was assigned
to former Bankruptcy Judge Dorothy Eisenberg.

Igor Korsunsky and his wife, Yelena Korsunskaya are 50% owners of
Aqua Shield, Inc., which produces pool enclosures and similar
structures.  The Brooks own the other 50% of Aqua Shield. The
Korsunskys and the Brooks are all directors and officers of Aqua
Shield.

A copy of the judge's Nov. 5, 2014 Memorandum Decision and Order
is available at http://is.gd/HS5B5jfrom Leagle.com.

Fridlin & Associates, PC, Elaine Fridlin, Esq., Brooklyn, New
York, Attorneys for Igor Korsunsky and Yelena Korsunskaya,
Cuevas & Greenwald, P.C., Wayne M. Greenwald, Esq., New York, New
York, Office of the United States Trustee, Alfred M. Dimino, Esq.,
Central Islip, New York, Attorneys for the Debtors.

Attorneys for Igor Korsunsky and Yelena Korsunskaya are:

     FRIDLIN & ASSOCIATES, P.C.
     Elaine Fridlin, Esq.
     1517 Voorhies Avenue, 4th Floor
     Brooklyn, NY 11235
     Tel No: (718)372-4400
     Fax No: (718)372-4415

Attorneys for Bob and Alexandra Brooks are:

     Wayne M. Greenwald, Esq.
     CUEVAS & GREENWALD, P.C.
     475 Park Ave South 26th Flr
     New York, NY 10016


BROADVIEW NETWORKS: Incurs $2.4 Million Net Loss in 3rd Quarter
---------------------------------------------------------------
Broadview Networks Holdings, Inc., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $2.36 million on $73.72 million of
revenues for the three months ended Sept. 30, 2014, compared to a
net loss of $1.40 million on $78.58 million of revenues for the
same period a year ago.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of $6.56 million on $227.74 million of revenues compared
to a net loss of $4.28 million on $239.85 million of revenues for
the same period last year.

As of Sept. 30, 2014, the Company had $206.09 million in total
assets, $204.44 million in total liabilities and $1.64 million in
total stockholders' equity.

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

                        http://is.gd/LQldKL

                      About Broadview Networks

Rye Brook, N.Y.-based Broadview Networks Holdings, Inc., is a
communications and IT solutions provider to small and medium sized
business ("SMB") and large business, or enterprise, customers
nationwide, with a historical focus on markets across 10 states
throughout the Northeast and Mid-Atlantic United States, including
the major metropolitan markets of New York, Boston, Philadelphia,
Baltimore and Washington, D.C.

Broadview Networks reported a net loss of $8.48 million in 2013, a
net loss of $35.27 million in 2012 and a net loss of $12.20
million in 2011.

                           *     *     *

In the July 23, 2012, edition of the Troubled Company Reporter,
Moody's Investors Service downgraded Broadview Networks Holdings,
Inc. Corporate Family Rating (CFR) to Caa3 from Caa2 and the
Probability of Default Rating (PDR) to Ca from Caa3 in response to
the company's announcement that it has entered into a
restructuring support agreement with holders of roughly 70% of its
preferred stock and roughly 66-2/3% of its Senior Secured Notes.
The company is expected to file a pre-packaged Chapter 11 Plan of
Reorganization or complete an out of court exchange offer.

As reported by the TCR on July 25, 2012, Standard & Poor's Ratings
Services lowered its corporate credit rating on Broadview to 'D'
from 'CC'.  "This action follows the company's announced extension
on its revolving credit facility.  We expect to lower the issue-
level rating on the notes to 'D' once the company files for
bankruptcy, or if it misses the Sept. 1, 2012 maturity payment on
the notes," S&P said.


BUCCANEER RESOURCES: Plan Confirmation Hearing on Dec. 8
--------------------------------------------------------
U.S. Bankruptcy Judge David R. Jones has conditionally approved
Buccaneer Resources, LLC, and its affiliates' First Amended
Disclosure Statement and Plan of Reorganization dated Nov. 5,
2014.

The date to file objections to the approval of the Disclosure
Statement and the confirmation of the Plan is Dec. 2, 2014 at 5:00
p.m., United States Central Time.  The final hearing on approval
of the Disclosure Statement will be combined with the confirmation
hearing to be held on the Plan and is scheduled for Dec. 8, 2014,
at 9:00 a.m. Central Time.

The Debtors' assets are being marketed for sale with the
assistance of a sales agent based on prior authorization from the
Bankruptcy Court.  The Debtors anticipate that the majority of
their oil and gas properties and interests will be sold at an
auction to be held prior to the hearing on the Plan.  The Plan
will not become effective until after the closing of this sale.
The proceeds of the sale will be distributed pursuant to a
settlement agreement between the Debtors, the Committee and the
secured lender to the Debtors approved by the Bankruptcy Court on
September 2, 2014.  Among other things, a Settlement Payment of
$10,000,000 will be funded for the benefit of the Debtors'
creditors pursuant to the Plan.

The Plan provides for the creation of a Liquidating Trust for the
benefit of Holders of Allowed Priority Unsecured Tax Claims,
Priority Unsecured Non-Tax Claims, General Unsecured Claims,
Subordinated Claims, and Equity Interests.  The Plan also proposes
the creation of a Post-Confirmation Committee to monitor the
administration of the Liquidating Trust.  The expenses of
collection, prosecution and administration will be paid from the
trust assets.

Upon the Effective Date of the Plan, the Settlement Payment and
all other assets not otherwise sold under the Bid and Sale Motion
(which assets shall include all retained claims and Causes of
Action) will be transferred to a Liquidating Trust, provided,
however, that Coverage Claims and D&O Insurance except insurance
proceeds will vest with the Reorganized Debtors, and will not be
transferred to the Liquidating Trust.  The Liquidating Trust will
be vested with and have the sole authority to, among other things,
review, initiate, and/or pursue any and all claims and Causes of
Action (including Avoidance Actions), file claim objections, and
set reserves, and the Debtors will have no responsibility or
authority to review, initiate, and/or pursue any and all claims
and Causes of Action (including Avoidance Actions).  The
Liquidating Trust will be administered by the Liquidating Trustee,
who will make Distributions provided by the Plan to holders of
priority, unsecured and subordinated claims and equity interests.
The Liquidating Trustee will collect and liquidate the assets and
prosecute the Causes of Action for the benefit of creditors and
make distributions to the beneficiaries of the Liquidating Trust.
Distributions to holders of administrative claims will be funded
from Available Cash Collateral and backstopped by AIX as provided
in the 9019 Order, and will be made by the Liquidating Trustee as
Disbursing Agent.

The Plan is also premised on the substantive consolidation of the
Debtors' estates solely for purposes of voting and making
distributions. Such substantive consolidation results in combining
the creditors of the companies solely for purposes of voting on
reorganization plans; and, solely for purposes of making
distributions, pooling the assets of, and claims against, the
Debtors, and satisfying liabilities from the resultant common
fund.  Such substantive consolidation does not actually affect,
alter or impair the Debtors legal or corporate structure, does not
prejudice the Liquidating Trustee's ability to bring Causes of
Action as they existed immediately before the Effective Date, and
does not alter any insurance coverage provided to the Debtors or
their directors or officers prior to the Petition Date.

                 Cook Inlet Has Limited Objection

Cook Inlet Region Inc. (CIRI), a creditor and party-in-interest in
the bankruptcy case, filed a limited objection to the approval of
the Disclosure Statement.

Robert L. Paddock, Esq., of Thompson & Knight LLP, representing
Cook Inlet Region, states that the parties in this case have had
an unreasonably limited opportunity to analyze these critical
pleadings, especially in light of the fact that the Debtors have
sold a majority of their assets and there doesn't appear to be a
need for emergency relief on these issues.  After its limited
review CIRI notes that: (1) several exhibits to the Disclosure
Statement and Plan are not attached (including but not limited to
the List of Executory Contracts and Unexpired Leases to be
Assumed); and (2) Exhibit A to the Plan purports to retain claims
against CIRI in the AOGCC Proceeding and the Alaska State Court
Lawsuit when other parts of the Disclosure Statement and Plan
provide that all claims in those proceedings are being transferred
to AIX.

                     About Buccaneer Energy

Buccaneer Resources, LLC, and eight affiliates, including
Buccaneer Energy Ltd. sought Chapter 11 bankruptcy protection in
Victoria, Texas (Bankr. S.D. Tex. Lead Case No. 14-60041) on
May 31, 2014.

Buccaneer Resources' primary business is the exploration for and
production of oil and natural gas in North America and their
operations are focused on both onshore and offshore activities in
the Cook Inlet of Alaska as well as the development of offshore
projects in the Gulf of Mexico and onshore oil opportunities in
Texas and Louisiana.

Founded in 2006, Buccaneer Energy, Ltd. is a publicly traded
independent oil and gas company listed on the Australian
Securities Exchange under the symbol "BCC".  Although BCC is an
Australian listed entity, the company operates exclusively through
its eight U.S. subsidiary debtors, each of which are headquartered
in the U.S. and which maintain offices in Houston and Dallas,
Texas, and Kenai and Anchorage, Alaska.

CEO Curtis Burton was terminated in May 2014.  Manning the
Debtors' operations is Conway MacKenzie senior managing director
John T. Young, who was appointed chief restructuring officer in
March 2014.

The bankruptcy cases are assigned to Judge David R Jones.  The
Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.  The other debtors are
Buccaneer Energy Limited, Buccaneer Energy Holdings, Inc.,
Buccaneer Alaska Operations, LLC, Buccaneer Alaska, LLC, Kenai
Land Ventures, LLC, Buccaneer Alaska Drilling, LLC, Buccaneer
Royalties, LLC, and Kenai Drilling, LLC.

The Debtors have tapped Robert Andrew Black, Esq., Jason Lee
Boland, Esq., Robert Bernard Bruner, and William R Greendyke,
Esq., at Fulbright Jaworski LLP as counsel.  Norton Rose Fulbright
Australia will render legal services related to cross-border
insolvency and general corporate and litigation matters to
Buccaneer Energy Ltd.  Epiq Systems is the claims and notice
agent.

The U.S. Trustee for Region 7 on June 10, 2014, appointed five
creditors to serve on the official committee of unsecured
creditors.  The Committee retained Greenberg Traurig, LLP as legal
counsel to the Committee, and Alvarez & Marsal North America, LLC
as financial advisors.


BUILDERS FIRSTSOURCE: Files Form 10-Q, Posts $8.5MM Q3 Income
-------------------------------------------------------------
Builders FirstSource, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $8.50 million on $434.90 million of sales for the
three months ended Sept. 30, 2014, compared to net income of
$12.79 million on $402.93 million of sales for the same period in
2013.

For the nine months ended Sept. 30, 2014, the Company reported net
income of $15.72 million on $1.20 billion of sales compared to a
net loss of $47.22 million on $1.12 billion of sales for the same
period last year.

As of Sept. 30, 2014, the Company had $609.34 million in total
assets, $574.10 million in total liabilities and $35.23 million in
total stockholders' equity.

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

                        http://is.gd/wMSBUh

                     About Builders FirstSource

Headquartered in Dallas, Texas, Builders FirstSource Inc. --
http://www.bldr.com/-- supplies and manufactures building
products for residential new construction.  The Company operates
in nine states, principally in the southern and eastern United
States, and has 55 distribution centers and 51 manufacturing
facilities, many of which are located on the same premises as its
distribution facilities.

Builders Firstsource reported a net loss of $42.69 million on
$1.48 billion of sales for the year ended Dec. 31, 2013, as
compared with a net loss of $56.85 million on $1.07 billion of
sales in 2012.  The Company incurred a $64.99 million net loss in
2011.

                           *     *     *

As reported by the TCR on May 15, 2013, Standard & Poor's Ratings
Services Inc. said it raised its corporate credit rating on
Dallas-based Builders FirstSource to 'B' from 'CCC'.  "The upgrade
acknowledges U.S.-based building materials manufacturer and
distributor Builders FirstSource Inc.'s 'strong' liquidity based
on the company's proposed recapitalization," said Standard &
Poor's credit analyst James Fielding.

In the May 13, 2014, edition of the TCR, Moody's Investors Service
upgraded Builders FirstSource, Inc.'s ("BLDR") Corporate Family
Rating to B3 from Caa1.  The upgrade reflects Moody's expectation
that BLDR's operating performance will continue to benefit from
improved housing construction, repair and remodeling.


BVS CONSTRUCTION: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: BVS Construction, Inc.
        P.O. BOx 985
        Byran, Tx 77806

Case No.: 14-60932

Chapter 11 Petition Date: November 11, 2014

Court: United States Bankruptcy Court
       Western District of Texas (Waco)

Judge: Hon. Ronald B. King

Debtor's Counsel: Eric A. Liepins, Esq.
                  ERIC A. LIEPINS P.C.
                  12770 Coit Road, Suite 1100
                  Dallas, TX 75251
                  Tel: (972) 991-5591
                  Fax: 972-991-5788
                  Email: eric@ealpc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Elaine Palasota, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txwb14-60932.pdf


C.F. TOURNAMENT: Case Summary & 3 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: C.F. Tournament, LLC
        3034 S. Durango Dr., #101
        Las Vegas, NV 89117

Case No.: 14-17541

Chapter 11 Petition Date: November 11, 2014

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. August B. Landis

Debtor's Counsel: Eric S. Earley, Esq.
                  LAW OFFICE OF ERIC EARLEY, LTD
                  3034 S. Durango DR. #101
                  Las Vegas, NV 89117
                  Tel: (702) 727-8384
                  Fax: (702) 948-5244
                  Email: PropertyLawGuy@gmail.com

Total Assets: $1.08 million

Total Liabilities: $3 million

The petition was signed by Ysmael Cerna, manager member.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/nvb14-17541.pdf


CAIN LITHOGRAPHERS: Case Summary & 11 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Cain Lithographers, Inc.
        755 Stonewall Street
        Jackson, MS 39213-7065

Case No.: 14-03646

Chapter 11 Petition Date: November 11, 2014

Court: United States Bankruptcy Court
       Southern District of Mississippi
      (Jackson-3 Divisional Office)

Judge: Hon. Edward Ellington

Debtor's Counsel: Craig M. Geno, Esq.
                  LAW OFFICES OF CRAIG M. GENO, PLLC
                  587 Highland Colony Pkwy.
                  Ridgeland, MS 39157
                  Tel: 601 427-0048
                  Fax: 601-427-0050
                  Email: cmgeno@cmgenolaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Duke Cain, president.

A list of the Debtor's 11 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mssb14-03646.pdf


CIRCLE RESTAURANT: Owner Hopes Ch 11 Would Clean Up Past Issues
---------------------------------------------------------------
Charles Ferruzza at Pitch.com reports that Circle Restaurant Group
Kansas, LLC owner Ernesto Peralta is hopeful that the opportunity
to reorganize the restaurant under Chapter 11 "gives us a chance
to clean up some past issues."

Circle Restaurant filed for Chapter 11 bankruptcy protection
(Bankr. D. Kans. Case No. 14-22105) on Sept. 4, 2014.  Pitch.com
relates that the company listed assets of $168,818 and liabilities
of $202,942.66.  Colin N. Gotham, Esq., at Evans & Mullinix, P.A.,
serves as the company's bankruptcy counsel.

Pitch.com quoted Mr. Peralta as saying, "The Westport location is
doing well, and the Leawood restaurant is, too.  But by
reorganizing and restructuring the company, we can come back
stronger than we were before."

                    About Circle Restaurant

Circle Restaurant Group Kansas, LLC, is the parent company of the
Blanc Burgers + Bottles restaurants in Leawood and Westport.


CULLMAN REGIONAL: Moody's Affirms Ba1 Rating on 2009A Bonds
-----------------------------------------------------------
Moody's Investors Service has affirmed the Ba1 rating assigned to
Cullman Regional Medical Center's (CRMC) Series 2009A bonds. The
outlook remains stable.

Summary Ratings Rationale

Affirmation of the Ba1 rating reflects CRMC's sizeable debt load
and small size which is partly offset by very strong market share
in its primary service area. The stable outlook incorporates our
expectation that the organization will continue its recent track
record of stable and good operating performance, but that leverage
metrics will remain stressed given the organization's large debt
burden.

Strengths

* CRMC has maintained good operating performance for two
   consecutive years and is expected to generate results in
   fiscal year (FY) 2015 on par with recent years.

* CRMC is the only hospital in Cullman County and owns all the
   available bed licenses following the purchase and closure of
   the only local competitor in 2009.

* CRMC achieved sole community provider status under Medicare,
   which increased Medicare reimbursement by $3.5 million in FY
   2013. CRMC will continue to benefit at similar levels going
   forward.

* Unrestricted cash and investments reached a high of $44
   million  at FYE 2014, representing a multi-year trend of
   increasing balances. Cash-to-direct debt and days cash on hand
   both reached peak levels for the organization.

* An engagement with Huntsville Healthcare Authority (A1 stable)
   to manage CRMC's revenue cycle has been very successful, and
   CRMC's days in accounts receivable declined to 44 days from a
   high of 80 days at FYE 2010. The contract with Huntsville
   Hospital has been extended through fall 2015.

Challenges

* Many patient volume indicators are exhibiting declines, which
   puts pressure on revenue growth; revenue growth is projected
   at under 1% in FY 2015.

* CRMC has a very challenging payer mix with high exposure to
   bad debt and self-pay.

* CRMC's debt load is very high, resulting in weak leverage
   metrics, even in years when operating cash flow is high, such
   as FY 2013 and 2014. This is compounded by operating leases
   and an unfunded pension liability that increase the
   organization's comprehensive debt load

Outlook

The stable outlook reflects Moody's view that operating margins
will remain strong, but that absolute cash flow will remain in
line with recent years and that leverage metrics will remain
stressed.

What Could Make The Rating Go UP

The rating could be upgraded if CRMC is able to grow operating
revenue and absolute operating cash flow so that leverage metrics
materially improve.

What Could Make The Rating Go DOWN

The rating could be downgraded if operating margins deteriorate,
or if CRMC issues additional debt.

The principal methodology used in this rating was Not-for-Profit
Healthcare Rating Methodology published in March 2012.


DAHL'S FOODS: Proposes $9.75-Mil. of Financing From AWG
-------------------------------------------------------
Foods Inc., doing business as Dahl's Foods, and its affiliated
debtors ask the Bankruptcy Court for authority to use cash
collateral of, and to obtain up to $9,749,623 of postpetition
financing from, Associated Wholesale Grocers Inc.

Since 2011, Dahl's has been a member of AWG, and Dahl's is
primarily supplied by AWG purchasing approximately 85% of its
grocers and supermarket products from AWG which accounts for
approximately 65% of its total purchases of goods for sale in its
stores.  In order to finance its operations prepetition, Dahl's
entered into a series of transactions with AWG.  As of the
Petition Date, (i) Debtors were liable to Lender in an amount in
approximate amount of $2,825,994.75, consisting of a term loan
with a principal balance of approximately $2,478,994, and an
equipment loan with a principal balance of $344,021.

AWG has agreed, at the request of Debtors, to allow the Debtors to
use cash collateral, and to extend Debtors post-petition financing
in order to purchase groceries and supermarket products, obtain
additional working capital to fund any cash shortfalls, and to
refinance the existing Pre-Petition Debt.

The postpetition interest rate is 6% fixed annual percentage rate.
In addition, although there are no origination fees, unused line
fees or other traditional banking fees, AWG will be entitled to
recover its reasonable attorneys' fees and costs.

The DIP contemplates a "roll-up" of the AWG Prepetition Term Debt.

The maximum loan amount of $9,749,623 consists of these estimated
amounts:

    * New postpetition funding for working capital expenditures
(after entry of Interim Financing Order):  Up to $1,300,000

    * New postpetition funding for working capital expenditures
(after entry of Final Financing Order): Up to $1,700,000

    * Repayment of Prepetition Principal Balance under Term Note
and Equipment Note (only upon entry of a Final Financing Order):
$2,824,623

    * Restricted use funds (if necessary) for repayment of
Guaranty Reimbursement Obligations (only upon entry of a Final
Financing Order): $825,000

    * Open Account Revolving Credit (payable in the ordinary
course of business): $2,500,000 to $3,200,000

The first (up to) $1,300,000 of postpetition funding under the DIP
Loan is conditioned upon the entry of the Interim Financing Order.
The remainder of the funding under the DIP Loan including the (up
to additional) $1,700,000 and any repayment of the Prepetition
Credit Agreement Debt is conditioned upon the final approval of
the DIP Financing Motion.

The DIP facility is secured by a first-priority lien and security
interest that secures all obligations owing to AWG.  Valid,
existing prepetition liens by other creditors -- permitted
encumbrances -- continue in their prepetition order of priority.
Shortfalls or diminution of value, if any, are granted a super-
priority administrative claim.

                        About Dahl's Foods

Dahl's Foods owns and operates 10 full-line grocery stores in and
around the Des Moines, Iowa area.  Since the 1970s, Dahl's has
been employee owned pursuant to an ESOP with 97% of the ownership
held by the ESOP.  The remaining 3% is owned by certain past and
present members of management and other former employees.
Individual grocery store square footage ranges from 28,820 to
70,000 and averages 55,188.  Dahl's employs over 950 people.  For
the 52 weeks ended June 28, 2014, Dahl's generated sales of $136.8
million.

Foods, Inc. dba Dahl's Foods, Dahl's Food Mart, Inc., and Dahl's
Holdings I, LLC, sought bankruptcy protection (Bankr. S.D. Iowa
Lead Case No. 14-02689) in Des Moines, Iowa on Nov. 9, 2014, with
a deal to sell to Associated Wholesale Grocers Inc. for
$4.8 million.

The Debtors have tapped Bradshaw, Fowler, Proctor & Fairgrave,
P.C., as bankruptcy counsel, Crowe & Dunlevy, P.C., as special
reorganization and conflicts counsel, and Foods Partners, LLC as
financial advisor and investment banker.


DAHL'S FOODS: Proposes to Hire Bradshaw Fowler as Counsel
---------------------------------------------------------
Foods Inc., doing business as Dahl's Foods, asks the Bankruptcy
Court for approval to employ Jeffrey D. Goetz, Esq. and the law
firm of Bradshaw, Fowler, Proctor & Fairgrave, P.C., as its
general reorganization counsel in the Chapter 11 bankruptcy case
at the expense of the estate.

It is anticipated that Jeffrey D. Goetz will be Lead Counsel and
will primarily provide legal services to the Debtor.  All of the
attorneys who will appear in this case are duly admitted to
practice law in the courts of the State of Iowa and in the United
States District Court for the Southern District of Iowa.  Jeffrey
D. Goetz is Board-Certified in Business Bankruptcy Law by the
American Board of Certification.

The firm will render services to the Debtor at the firm's regular
hourly rates.  Paralegals' rats are generally from $50 to $125 per
hour; associates' rates are generally from $180 to $250 per hour;
and partners' rates vary up to $350 per hour.  Goetz's current
hourly rate is $350.

The firm received $100,000 on Oct. 21, 2014, as a retainer to
guaranty payment of its services in the Chapter 11 case.  The
Debtor and the firm agreed that the firm has earned $37,962 prior
to the Petition date, and expended $32.87 in costs prior to the
Petition Date.

The firm believes that it is a disinterested person as that term
is defined in Section 101(14) of the Bankruptcy Code.

                        About Dahl's Foods

Dahl's Foods owns and operates 10 full-line grocery stores in and
around the Des Moines, Iowa area.  Since the 1970s, Dahl's has
been employee owned pursuant to an ESOP with 97% of the ownership
held by the ESOP.  The remaining 3% is owned by certain past and
present members of management and other former employees.
Individual grocery store square footage ranges from 28,820 to
70,000 and averages 55,188.  Dahl's employs over 950 people.  For
the 52 weeks ended June 28, 2014, Dahl's generated sales of $136.8
million.

Foods, Inc. dba Dahl's Foods, Dahl's Food Mart, Inc., and Dahl's
Holdings I, LLC, sought bankruptcy protection (Bankr. S.D. Iowa
Lead Case No. 14-02689) in Des Moines, Iowa on Nov. 9, 2014, with
a deal to sell to Associated Wholesale Grocers Inc. for
$4.8 million.

The Debtors have tapped Bradshaw, Fowler, Proctor & Fairgrave,
P.C., as bankruptcy counsel, Crowe & Dunlevy, P.C., as special
reorganization and conflicts counsel, and Foods Partners, LLC as
financial advisor and investment banker.


DAHL'S FOODS: Taps Crowe & Dunlevy as Conflicts Counsel
-------------------------------------------------------
Foods, Inc. dba Dahl's Foods, seeks approval from the Bankruptcy
Court to hire Crowe & Dunlevy, A Professional Corporation, as its
special reorganization and conflicts counsel.

The focus of Crowe & Dunlevy will be to assist the Debtor, in
particular, with legal and operational issues that relate directly
to grocery and retail issues and operation.  In addition, to the
extent Bradshaw, Fowler, Proctor & Fairgrave, P.C. ("Bradshaw")
(or vice-versa Crowe & Dunlevy) has a conflict or needs specific
assistance, the Debtor will employ Crowe & Dunlevy as separate
"conflicts" counsel or special counsel for that purpose.

Roger A. Stong, William H. Hoch, and Christopher M. Staine will be
primarily responsible for Crowe & Dunlevy's Special Reorganization
and Conflicts Counsel representation of the Debtor in this matter.

Mr. Hoch is a shareholder/director with Crowe & Dunlevy's
bankruptcy, creditor's rights and restructuring group and for over
20 years has concentrated in bankruptcy and insolvency business
law.  Mr. Stong is a shareholder/director with Crowe & Dunlevy and
similarly has over 20 years of bankruptcy and insolvency business
law experience.  Mr. Staine is an associate with Crowe & Dunlevy's
bankruptcy, creditor's rights and restructuring group.

As set forth in an affidavit filed by Mr. Stong, the Debtor
believes that Crowe & Dunlevy does not hold or represent any
interest adverse to Debtor or its estate, and that Crowe & Dunlevy
is a "disinterested person" as defined in 11 U.S.C. Section
101(14).

Crowe & Dunlevy's current hourly rates are:

    (a) Shareholders: $300-400
    (b) Associates: $175-$300
    (c) Paraprofessionals: $150-$200

Prior to the Petition Date, Crowe & Dunlevy received $16,000 in
fees and $0 in expenses in assisting the Debtors as special
bankruptcy and conflicts counsel.  The firm has not retained any
retainer in this Chapter 11 case.

                        About Dahl's Foods

Dahl's Foods owns and operates 10 full-line grocery stores in and
around the Des Moines, Iowa area.  Since the 1970s, Dahl's has
been employee owned pursuant to an ESOP with 97% of the ownership
held by the ESOP.  The remaining 3% is owned by certain past and
present members of management and other former employees.
Individual grocery store square footage ranges from 28,820 to
70,000 and averages 55,188.  Dahl's employs over 950 people.  For
the 52 weeks ended June 28, 2014, Dahl's generated sales of $136.8
million.

Foods, Inc. dba Dahl's Foods, Dahl's Food Mart, Inc., and Dahl's
Holdings I, LLC, sought bankruptcy protection (Bankr. S.D. Iowa
Lead Case No. 14-02689) in Des Moines, Iowa on Nov. 9, 2014, with
a deal to sell to Associated Wholesale Grocers Inc. for
$4.8 million.

The Debtors have tapped Bradshaw, Fowler, Proctor & Fairgrave,
P.C., as bankruptcy counsel, Crowe & Dunlevy, P.C., as special
reorganization and conflicts counsel, and Foods Partners, LLC as
financial advisor and investment banker.


DAHL'S FOODS: Proposes Food Partners as Financial Advisor
---------------------------------------------------------
Foods, Inc., dba Dahl's Foods, is seeking approval to employ The
Food Partners, LLC, as its financial advisor and investment
banker.

Matthew S. Morris, David W. Schoeder, Douglas A. Herman, Jesica A.
Mitchell, and The Food Partners, LLC will assist the Debtor and
Debtor's General Reorganization Counsel in implementing the
reorganization of Debtor's business and financial affairs through
liquidation, sale, transfer and/or other disposition of its
assets.

Food Partners is the nation's preeminent investment banking firm
to the food industry.  It is anticipated that David W. Schoeder
will be the main contact and will primarily provide financial
advice to the Debtor.

Investment banking services provided by Food Partners to the
Debtor will be paid in two steps.  First, the Debtor will pay Food
Partners a non-refundable post-petition retainer of $12,500 per
month.  Second, in the event the Debtor is successful in the sale
of its business, the Debtor will pay to Food Partners a
transaction fee equal to the greater of (i) $50,000 per store
sold; or (ii) 2.5% of the total consideration received by the
Debtor from the buyers of the stores.

Food Partners has not received any prepetition retainer to
guaranty payment of its postpetition services and costs in
connection with the Debtor's Chapter 11 case.

Food Partners believes it is a "disinterested person" as that term
is defined in Bankruptcy Code Section 101(14).

Food Partners may be reached at:

     Matthew S. Morris
     David W. Schoeder
     Douglas A. Herman
     Jesica A. Mitchell
     THE FOOD PARTNERS, LLC
     5335 Wisconsin Avenue, Suite 410
     Washington, DC 20015
     Tel: 202-371-0004
     Fax: 202-589-0433
     E-mail: msmorris@thefoodpartners.com
             dschoeder@thefoodpartners.com
             dherman@thefoodpartners.com
             jmitchell@thefoodpartners.com

                        About Dahl's Foods

Dahl's Foods owns and operates 10 full-line grocery stores in and
around the Des Moines, Iowa area.  Since the 1970s, Dahl's has
been employee owned pursuant to an ESOP with 97% of the ownership
held by the ESOP.  The remaining 3% is owned by certain past and
present members of management and other former employees.
Individual grocery store square footage ranges from 28,820 to
70,000 and averages 55,188.  Dahl's employs over 950 people.  For
the 52 weeks ended June 28, 2014, Dahl's generated sales of $136.8
million.

Foods, Inc. dba Dahl's Foods, Dahl's Food Mart, Inc., and Dahl's
Holdings I, LLC, sought bankruptcy protection (Bankr. S.D. Iowa
Lead Case No. 14-02689) in Des Moines, Iowa on Nov. 9, 2014, with
a deal to sell to Associated Wholesale Grocers Inc. for
$4.8 million.

The Debtors have tapped Bradshaw, Fowler, Proctor & Fairgrave,
P.C., as bankruptcy counsel, Crowe & Dunlevy, P.C., as special
reorganization and conflicts counsel, and Foods Partners, LLC as
financial advisor and investment banker.


DENDREON CORP: Bankruptcy Filing Not A Surprise, Zacks Equity Says
------------------------------------------------------------------
Zacks Equity Research reports that Dendreon Corporation's Chapter
11 bankruptcy filing did not come as a surprise, as the company
had warned in August that it may not be able to repay or refinance
its notes due 2016.

According to Zosia Chustecka at Medscape, Dendreon has been in
trouble for some time.  Medscape recalls that in September 2011,
Dendreon's smaller than anticipated revenues led to the layoff of
500 employees and stock fraud lawsuit against company executives.
The New York Times relates that since that year, Dendreon has
changed chief executives twice and cut its staff to about 700,
about half the peak level.

The New York Times says that Dendreon lost $22 million in the most
recent quarter.  Dendreon, according to Zacks Equity, reported a
net loss of 14 cents per share in the third quarter of 2014, which
was narrower than the Zacks Consensus Estimate of a loss of 18
cents and the year-ago loss of 44 cents.

Zacks Equity states that Provenge, Dendreon's sole marketed drug,
was launched in the U.S. in May 2010 and was initially expected to
generate blockbuster revenues, but it continued to disappoint.

According to Seattle Times, Dendreon said it does not expect to
raise any additional money until the restructuring is worked out
as it has about $100 million in cash and investments to support
operations through the bankruptcy process.

Dendreon shares dropped almost 81% after the bankruptcy filing,
Zacks Equity reports.

                            About Dendreon

Headquartered in Seattle, Washington, Dendreon Corporation --
http://www.dendreon.com/-- is a biotechnology company whose
mission is to target cancer and transform lives through the
discovery, development, commercialization and manufacturing of
novel therapeutics.  The Company applies its expertise in antigen
identification, engineering and cell processing to produce active
cellular immunotherapy (ACI) product candidates designed to
stimulate an immune response in a variety of tumor types.
Dendreon's first product, PROVENGE (sipuleucel-T), was approved by
the U.S. Food and Drug Administration (FDA) in April 2010.
Dendreon is exploring the application of additional ACI product
candidates and small molecules for the potential treatment of a
variety of cancers.  Dendreon is traded on the NASDAQ Global
Market under the symbol DNDN.

Dendreon (Bankr. D. Del. Case No. 14-12515) and its affiliates
Dendreon Holdings, LLC (Bankr. D. Del. Case No. 14-12516),
Dendreon Distribution, LLC (Bankr. D. Del. Case No. 14-12517) and
Dendreon Manufacturing, LLC (Bankr. D. Del. Case No. 14-12518)
filed for Chapter 11 bankruptcy protection on Nov. 10, 2014.  The
petitions were signed by Gregory R. Cox, interim chief
finanical officer and treasurer.

The Debtors disclosed $364.6 million in total assets and $664.4
million in total liabilities.

Judge Peter J. Walsh presides over the cases.


DETROIT, MI: Automakers Pitch In to Aid City's Bankruptcy Exit
--------------------------------------------------------------
Alisa Priddle at the Detroit Free Press reports that Detroit's
automakers have pledged to help the city get out of bankruptcy by
giving big amounts to the Detroit Institute of Arts.

According to Free Press, Ford, General Motors and Chrysler
collectively contributed $26 million over 20 years to the DIA,
while Toyota donated $1 million.  The report adds that some
suppliers, including $2.2 million from a group of Japanese
companies, also aided the cause.

Free Press states that the automotive commitments became part of
the $100 million the DIA was raising as its part of the fund-
raising effort that was the centerpiece of Detroit's bankruptcy
restructuring plan.  According to the report, foundations, the
state, and the DIA created an $816 million fund used to lessen
cuts to city employee pensions and save Detroit's art from being
sold to pay creditors.

                 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.


DOVER DOWNS: Files Form 10-Q, Doubts Going Concern Status
---------------------------------------------------------
Dover Downs Gaming & Entertainment, Inc., filed with the
U.S. Securities and Exchange Commission its quarterly report for
the third quarter of 2014.

As of Sept. 30, 2014, the Company had total outstanding long-term
debt of $40,500,000 under its credit facility.  The facility is
classified as a current liability as of Sept. 30, 2014, in the
Company's consolidated balance sheets as the facility expires on
Sept. 30, 2015.  The Company said it will seek to refinance or
extend the maturity of this obligation prior to its expiration
date; however, there is no assurance that the Company will be able
to execute this refinancing or extension or, if the Company is
able to refinance or extend this obligation, that the terms of
such refinancing or extension would be as favorable as the terms
of our existing credit facility.  These factors, according to the
Company, raise substantial doubt about its ability to continue as
a going concern.

The Company reported net earnings of $699,000 on $47.98 million of
revenues for the three months ended Sept. 30, 2014, compared to
net earnings of $223,000 on $50.07 million of revenues for the
same period last year.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of $190,000 on $139.67 million of revenues compared to
net earnings of $431,000 on $150.63 million of revenues for the
same period during the prior year.

The Company's balance sheet at Sept. 30, 2014, showed $185.15
million in total assets, $68.83 million in total liabilities and
$116.31 million in total stockholders' equity.

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

                       http://is.gd/mGTzvE

                        About Dover Downs

Owned by Dover Downs Gaming & Entertainment, Inc. (NYSE: DDE),
Dover Downs Hotel & Casino(R) is a gaming and entertainment resort
destination in the Mid-Atlantic region. Gaming operations consist
of approximately 2,500 slots and a full complement of table games
including poker.  The AAA-rated Four Diamond hotel is Delaware's
largest with 500 luxurious rooms/suites and amenities including a
full-service spa/salon, concert hall and 41,500 sq. ft. of multi-
use event space.  Live, world-class harness racing is featured
November through April, and horse racing is simulcast year-round.
Professional football parlay betting is accepted during the
season.  Additional property amenities include multiple
restaurants from fine dining to casual fare, bars/lounges and
retail shops.  For more information, please visit
www.doverdowns.com.

As reported by the TCR on Oct. 31, 2014, Dover Downs was notified
by the New York Stock Exchange that the average closing price of
our common stock had fallen below $1.00 per share over a period of
30 consecutive trading days, which is the minimum average share
price for continued listing on the NYSE under the NYSE Listed
Company Manual.

KPMG LLP, in Philadelphia, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent accounting firm noted
that the Company's credit facility expires on June 17, 2014, and
at present no agreement has been reached to refinance the debt,
which raises substantial doubt about the Company's ability to
continue as a going concern.


EAT AT JOE'S: Identifies Material Weakness in Financial Reporting
-----------------------------------------------------------------
Eat at Joe's, Ltd., disclosed in an amended regulatory filing with
the U.S. Securities and Exchange Commission that a material
weakness in the Company's internal control over financial
reporting relating to its accounting for the acquisition of assets
held for sale could adversely affect its ability to report its
financial condition, results of operations or cash flows
accurately and on a timely basis.

The Company said its management assessed the effectiveness of the
Company's internal control over ?nancial reporting as of Dec. 31,
2013.  This assessment is based on the criteria for effective
internal control described in Internal Control - Integrated
Framework issued by the Committee of Sponsoring Organizations of
the Treadway Commission.  Based on its assessment, management
concluded that its internal control over ?nancial reporting as of
Dec. 31, 2013, was ineffective.

"In connection with our assessment of internal control over
?nancial reporting under Section 404 of the Sarbanes--Oxley Act of
2002 for ?scal year ended December 31, 2013 we identi?ed a
material weakness in our internal control over ?nancial reporting
relating to our accounting for the acquisition and cost of certain
assets held for sale including stocks of third party companies,"
the Company said in the filing.

Speci?cally the Company discovered errors that led management to
conclude that control de?ciencies existed related to the Company's
financial reporting and accounting for the recording and
calculation of the cost basis for stocks acquired by the Company
and held for sale.  In prior periods, the Company received stock
issued by third party companies in exchange for long-term debt
that the Company could, at its discretion, liquidate to raise
operating capital.  The Company failed to record this stock and
related debt acquired upon acquisition.  In addition, when
recorded the Company valued these shares based on the value of the
original consideration paid for such shares rather than the fair
market value of the shares on the date they were received by the
Company, as required under US generally accepted accounting
principles.

As a result, the Company filed with the SEC an amended annual
report for the year ended Dec. 31, 2013, quarterly report for the
period ended March 31, 2014, and quarterly report for the period
ended June 30, 2014, solely to amend Item 4. Controls and
Procedures.  All other items remain unchanged.  Copies of the
amended Reports are available for free at:

                        http://is.gd/oB2z1n
                        http://is.gd/vNfTT8
                        http://is.gd/rykVKv

                        About Eat at Joe's

Scarsdale, N.Y.-based Eat at Joe's, Ltd., presently owns and
operates one theme restaurant located in Philadelphia,
Pennsylvania.

Eat at Joe's  reported a net loss of $1.38 million in 2013
following net income of $2.84 million on in 2012.

The Company's balance sheet at June 30, 2014, showed
$18.67 million in total assets, $10.78 million in total
liabilities, and stockholders' equity of $7.9 million.

Robison, Hill & Co., in Salt Lake City, Utah, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has suffered recurring losses from operations
raising substantial doubt about its ability to continue as a going
concern.


ERF WIRELESS: Inks $2.5-Mil. Financing Agreement With WISPer
------------------------------------------------------------
ERF Wireless Inc. announced that as of Nov. 3, 2014, it has
received the initial funding under a new non-convertible funding
program and has begun the repayment and termination of a number of
its outstanding convertible debentures.  As of Nov. 5, 2014, it
had completed the repayment and termination of the first two
convertible debentures and is in negotiations with multiple others
that are expected to be repaid pending final negotiated
agreements.

Dr. H. Dean Cubley, CEO of ERF wireless Inc., commented, "The
repayment of our obligations under the existing convertible
debentures is a major objective of the company and is one part of
our broader objective to restructure the ERF Wireless balance
sheet to eliminate and consolidate debt and to position the
company for continued expansion and growth of our oil and gas
wireless broadband service business.  We initiated this overall
balance sheet restructuring process with the sale of our non-core
residential wireless networks and the repayment and retirement of
our senior lender.  Now, having completed that part of our
objective, we are focusing our efforts on the elimination and
repayment of convertible debt that has been a major impediment to
our stock value and the market cap of the company."

On Oct. 31, 2014, the Company completed a Master Lease finance
Agreement with WISPer Ventures Leasing, LLC, to obtain up to
$2,500,000 of a three-year debt financing in a series of financing
tranches issued at the Company's request in minimum increments of
$250,000 each.  Under the terms of the agreement, WISPer Ventures
Leasing, LLC will hold a Senior Lender position and will file a
UCC1 on all of the Company's assets not already encumbered.

                         About ERF Wireless

Based in League City, Texas, ERF Wireless, Inc., provides secure,
high-capacity wireless products and services to a broad spectrum
of customers in primarily underserved, rural and suburban parts of
the United States.

ERF Wireless reported a net loss attributable to the Company of
$7.26 million in 2013, a net loss attributable to the Company of
$4.81 million in 2012 and a net loss attributable to the Company
of $3.37 million in 2011.

The Company's balance sheet at June 30, 2014, showed $3.59 million
in total assets, $11.69 million in total liabilities and a
$8.10 million total shareholders' deficit.


EXECUTIVE LIFE: Civil Contempt Order on Stone et al. Upheld
-----------------------------------------------------------
In the proceeding pursuant to Insurance Law article 74 to
liquidate the assets of insolvent insurer EXECUTIVE LIFE INSURANCE
COMPANY OF NEW YORK, objectors Jeanice Dolan, Keith Vincent, and
Daniel A. Malin, and their attorneys, non-parties Edward S. Stone,
Roger P. Christiansen, and Karra J. Porter, appealed a Jan. 29,
2013 order of the Supreme Court, Nassau County (Galasso, J.).  The
Jan. 29 order granted the petitioner's motion to hold non-parties
Edward S. Stone, Roger P. Christiansen, and Karra J. Porter in
civil contempt for violation of the anti-suit injunctive
provisions set forth in three orders of the same court (Kutner,
J., McGinity, J., and Galasso, J., respectively) dated April 23,
1991, December 16, 1992, and April 16, 2012, respectively.

In a Nov. 5, 2014 order available at http://is.gd/5GSnOefrom
Leagle.com, the Appellate Division of the Supreme Court of New
York, Second Department, dismissed the Appeal of Jeanice Dolan et
al. as they are not aggrieved by the portion of the Jan. 29 order
appealed from.  The Appellate Court also affirmed the Jan. 29
order from the Nassau County court as appealed by Edward Stone et
al.

Non-party appellants Edward Stone et al. are attorneys for several
objectors to the liquidation of Executive Life Insurance.

In its Nov. 5, 2014 order, the Appellate Court opined that the
petitioner established that the non-party appellants violated
clear and unequivocal orders of the court, of which they had
knowledge, by commencing a class action in the U.S. District Court
for the Southern District of New York against the Superintendent
of Financial Services of the State of New York, in his capacity as
receiver for Executive Life.

The appeals case is IN THE MATTER OF EXECUTIVE LIFE INSURANCE
COMPANY OF NEW YORK. SUPERINTENDENT OF FINANCIAL SERVICES,
FORMERLY KNOWN AS SUPERINTENDENT OF INSURANCE OF STATE OF NEW
YORK, Respondent; AND JEANICE DOLAN, ET AL., Appellants, 2013-
02335, INDEX NO. 8023/91, (N.Y. App. Div.)

Sidley Austin LLP, New York, N.Y. (Steven M. Bierman, Esq. --
sbierman@sidley.com -- Martin B. Jackson, Esq. --
mjackson@sidley.com -- and Eamon P. Joyce, Esq. --
ejoyce@sidley.com -- of counsel, for respondent.


EXPO EMART: Case Summary & 14 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Expo EMart LLC
        1101 University Boulevard
        Takoma Park, MD 20912

Case No.: 14-27343

Chapter 11 Petition Date: November 11, 2014

Court: United States Bankruptcy Court
       District of Maryland (Greenbelt)

Judge: Hon. Thomas J. Catliota

Debtor's Counsel: David E. Lynn, Esq.
                  DAVID E. LYNN, P.C.
                  15245 Shady Grove Road, Suite 465 North
                  Rockville, MD 20850
                  Tel: (301) 255-0100
                  Fax: (301) 255-0101
                  Email: davidlynn@verizon.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Suzanne Delyon, president.

A list of the Debtor's 14 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mdb14-27343.pdf


FANNIE MAE: Reports $3.9 Billion Net Income for Third Quarter
-------------------------------------------------------------
The Federal National Mortgage Association filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing net income of $3.90 billion on $28.35 billion of
total interest income for the three months ended Sept. 30, 2014,
compared to net income of $8.74 billion on $29.06 billion of total
interest income for the same period in 2013.

For the nine months ended Sept. 30, 2014, Fannie Mae reported net
income of $12.89 billion on $86.27 billion of total interest
income compared to net income of $77.52 billion on $88.22 billion
of total interest income for the same period last year.

As of Sept. 30, 2014, Fannie Mae had $3.23 trillion in total
assets, $3.22 trillion in total liabilities and $6.39 billion in
total equity.

"This was another solid quarter, with the company reporting strong
financial results and continuing to provide much needed liquidity
to the market," said Timothy J. Mayopoulos, president and chief
executive officer.  "We continue to build a strong book of
business based on appropriate standards.  We are committed to
being our customers' most valued business partner and delivering
the products, services, and tools our customers need to serve the
entire market confidently, efficiently, and profitably."

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

                        http://is.gd/2bXzhV

                          About Fannie Mae

Federal National Mortgage Association, aka Fannie Mae, is a
government-sponsored enterprise that was chartered by U.S.
Congress in 1938 to support liquidity, stability and affordability
in the secondary mortgage market, where existing mortgage-related
assets are purchased and sold.

The U.S. Department of the Treasury owns Fannie Mae's senior
preferred stock and a warrant to purchase 79.9 percent of its
common stock, and Treasury has made a commitment under a senior
preferred stock purchase agreement to provide Fannie with funds
under specified conditions to maintain a positive net worth.

Fannie Mae reported net income of $83.98 billion on $117.54
billion of total interest income for the year ended Dec. 31, 2013,
as compared with net income of $17.22 billion on $129.19 billion
of total interest income for the year ended Dec. 31, 2012.


FINJAN HOLDINGS: Unit Files $60MM Infringement Suit vs. Palo Alto
-----------------------------------------------------------------
Finjan Holdings, Inc., disclosed that its subsidiary, Finjan,
Inc., has filed a patent infringement lawsuit against Palo Alto
Networks, Inc., alleging infringement of Finjan patents relating
to endpoint, web, and network security technologies.

The Complaint (3:14-cv-04908, docket No. 1), filed Nov. 4, 2014,
in the U.S. District Court for the Northern District of
California, alleges that Palo Alto Networks' products and services
infringe ten Finjan patents.  In particular, Finjan is asserting
infringement of U.S. Patent Nos. 6,804,780; 6,965,968; 7,058,822;
7,418,731; 7,613,918; 7,613,926; 7,647,633; 8,141,154; 8,225,408;
and 8,677,494.

Finjan is seeking a jury trial; entry of judgment of infringement
of certain claims of each of the asserted patents by Palo Alto
Networks; preliminary and permanent injunction against Palo Alto
Networks and its officers, among others, from infringing the
asserted patents; damages of no less than $60 million to the
extent proven at trial; enhanced damages, up to three times the
amount of the damages, for willful disregard of our patent rights;
and reasonable attorneys' fees and costs.

"Finjan is committed to protecting the value of its patent
portfolio for those who have respected our legitimate patent
rights and have taken a patent license or invested in our
business.  We made numerous attempts for more than a year to have
Palo Alto Networks join us in meaningful, good faith discussions
to no avail," stated Julie Mar-Spinola, Finjan's VP of Legal
Operations.  "We provided Palo Alto Networks with exemplary
detailed claim charts on several of the asserted patents,
establishing how they each read on their products, and offered to
provide additional claim charts under an NDA Standstill Agreement.
Despite our best efforts, Palo Alto Networks chose to ignore the
opportunity to have a business discussion and instead chose
litigation."

Finjan has also filed patent infringement lawsuits against Blue
Coat, FireEye, Proofpoint, Sophos and Symantec relating to,
collectively, more than 20 patents in the Finjan portfolio.
Finjan said it will continue to provide timely updates of
important events relating to these matters on an ongoing basis.
The court dockets for the foregoing cases are publicly available
on the Public Access to Court Electronic Records (PACER) Web site,
http://www.pacer.gov,which is operated by the Administrative
Office of the U.S. Courts.

                            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.


FIRST SECURITY: Files Form 10-Q, Posts $927,000 Net Income in Q3
----------------------------------------------------------------
First Security Group, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $927,000 on $9.78 million of total interest income
for the three months ended Sept. 30, 2014, compared to a net loss
of $1.43 million on $8.17 million of total interest income for the
same period in 2013.

The Company also reported net income of $1.49 million on $26.95
million of total interest income for the nine months ended
Sept. 30, 2014, compared to a net loss of $12.80 million on $23.76
million of total interest income for the same period last year.

As of Sept. 30, 2014, the Company had $1.02 billion in total
assets, $939.91 million in total liabilities and $87.96 million in
total shareholders' equity.

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

                         http://is.gd/PqeDrH

                     About First Security Group

First Security Group, Inc. is a bank holding company headquartered
in Chattanooga, Tennessee.  Founded in 1999, First Security's
community bank subsidiary, FSGBank, N.A. has 26 full-service
banking offices along the interstate corridors of eastern and
middle Tennessee and northern Georgia.  FSGBank --
http://www.FSGBank.com/-- provides retail and commercial banking
services, trust and investment management, mortgage banking,
financial planning, internet banking.

First Security incurred a net loss of $13.44 million in 2013, a
net loss of $37.57 million in 2012 and a net loss of $23.06
million in 2011.


FRED FULLER: In Talks With Potential Buyers
-------------------------------------------
Fred Fuller Oil & Propane Co., Inc., is seeking a buyer, which
would allow deliveries to move with little effect on clients,
Jeremy Blackman at Concord Monitor reports, citing state and
company officials.

"The two most active buyers are industry participants and they are
New England industry participants.  I have also been fielding
calls from as far away as California," Concord Monitor quoted
William S. Gannon, Esq., at William S. Gannon PLLC, the attorney
for the Debtor, as saying.

Concord Monitor relates that Mr. Gannon assured clients that they
will receive their oil as usual throughout the reorganization and
even as the Debtor talks with potential buyers.  According to the
report, Senior Assistant Attorney General James Boffetti said,
"We're working to make sure consumers get heard and that they are
not hurt in this process.

Concord Monitor says that the Debtor struggled to meet customer
orders last winter, and in September 2014, oil supplier Sprague
Energy Corp. sued the Debtor for failure to pay $4.7 million, the
largest debt to a single creditor listed in the bankruptcy filing.
The report states that in October 2014, the Debtor sued FairPoint
Communications, claiming that problems with its telephone system
led to the delivery disaster.  According to the report, company
officials also blamed severe weather and crushing demand.

The Debtor's bankruptcy filing, Concord Monitor repjorts,
postponed a Nov. 11, 2014 sexual harassment trial involving former
workers Nichole Wilkins and Beverly Mulcahey, who claim that Fred
Fuller made unsolicited physical advances and then fired Ms.
Mulcahey when Ms. Wilkins -- who later resigned -- filed a lawsuit
in 2013.

                      About Fred Fuller Oil

Hudson, New Hampshire-based Fred Fuller Oil & Propane Co., Inc.,
the largest heating oil company in the state, serving about 30,000
New Hampshire customers.  It sought Chapter 11 protection
(Bankr. D. N.H. Case No. 14-12188) in Manchester, New Hampshire,
on Nov. 10, 2014, without stating a reason.  It estimated $10
million to $50 million in assets and debt.  The Nov. 10, 2014
court filing show that the Debtor has about $13.5 million in
debts.  Jeremy Blackman at Concord Monitor reports reports that
the Debtor owes more than $276,000 to Harvard Pilgrim Health Care
and nearly $94,000 to the city of Laconia and the towns of Hudson,
Milford and Northfield.

According to Concord Monitor, the bankruptcy case the bankruptcy
case was initially filed on Nov. 10 under Chapter 7, but that has
since been terminated and replaced with a Chapter 11 restructuring
proposal.

William S. Gannon, Esq., at William S. Gannon PLLC, in Manchester,
serves as counsel to the Debtor.  Fredrick J. Fuller, the
president, signed the bankruptcy petition.


GMG CAPITAL: Athenian Objects to Disclosure Statement
-----------------------------------------------------
Athenian Venture Partners I, L.P. and Athenian Venture Partners
II, L.P., have filed an objection to the Disclosure Statement and
Plan Support Agreement filed by GMG Capital Partners III, L.P. and
GMG Capital Partners III Companion Fund, L.P.

Alan D. Halperin, Esq., of Halperin Battaglie Raicht LLP,
representing Atheninan, states, "There has been very little
transparency in these bankruptcy cases?and the Disclosure
Statement does not help matters.  Under no circumstances could the
Disclosure Statement be understood to contain "adequate
information" about the Plan required by the Bankruptcy Code.  In
fact, the Disclosure Statement is woefully inadequate with respect
to a number of important, and in several cases, troubling items,
including but not limited to the Plan Debtors' alleged valuation
of their assets, the Plan Debtors' proposed financing of the Plan,
the unconditional and non-consensual third party releases, the
allowance of insider claims that the Debtors' have admitted to
this Court have no documentation, and numerous self-serving and
incorrect statements concerning the Debtors' past practices and
history.  Compounding matters is the Debtors' PSA Motion?for which
they request a 6% break up fee for a prospective buyer that has
not signed definitive documentation, does not have a set purchase
price, and for which the Debtors' are not proposing to run any
sale process.  In fact, the Debtors do not propose to submit the
actual sale documents to the interested parties or this Court
until only five days prior to the as voting and only four days
prior to the relevant objection deadline, which is so grossly
inadequate that it fails to provide proper notice and violates due
process."

If the grossly inadequate disclosure and ill-conceived motion for
a break up fee were not enough, Mr. Halperin submits that the Plan
is likely patently unconfirmable on its face.  He says even if a
disclosure statement does contain "adequate information," as such
term is defined in section 1125(a) of the Bankruptcy Code, it
should not be approved and distributed to voting parties if the
underlying plan is not confirmable.  First, the Plan contains non-
consensual third-party releases for the benefit of the Debtors and
the Debtors' insiders?for any and all acts including, apparently,
intentional fraud and willful misconduct.  These releases are
being extracted from all creditors and equity holders for no
consideration?this provision alone likely renders this "plan"
completely unconfirmable.  Other problems with the Plan include,
among other things, (a) the allowance of the insider-controlled
Management Company Claims (claims for which the Debtors have
admitted no documentation exists), (b) the retention of equity
interests by the insiders and the Debtors' limited partners (among
others) while certain unsecured claims are left impaired, (c) the
general retention of control over the Debtor entities by the
insiders post-confirmation (reducing to zero the probability that
the reorganized Plan Debtors would investigate and pursue
avoidance actions against the insiders), and (d) a wholly
inadequate reserve of only six months for the "Athenian Payment
Stream" with no indication of how the Debtors will not be in
default quickly after this six month period runs (assuming that
the proposed structure of the Plan was even viable).

Mr. Halperin believes that the Disclosure Statement and PSA
Motion, in their current forms, cannot be approved by this Court
at this time.  Too much information is still missing and the
Debtors' proposed plan is still too dependent on unsupported (and
likely unsupportable) claims of future value.  The proposed Plan
is yet another of the Debtors' (and their insiders') continuing
brazen attempts to gamble with creditor recoveries for the benefit
of equity.  This should not be allowed to continue.

The Limited Partner Group has also filed an objection to the
Disclosure Statement filed by GMG Capital Partners III, L.P. and
GMG Capital Partners III Companion Fund, L.P.  Arthur Steinberg,
Esq., of King & Spalding LLP, states that the Disclosure Statement
should not be approved because (a) it does not have "adequate
information" within the meaning of Section 1125 of the Bankruptcy
Code, and (b) it describes a Plan that cannot be confirmed because
it contains, among other things, improper releases to Insiders.

According to Mr. Steinberg, the releases in the Plan are not in
the best interest of the Estates because no consideration is
offered by the Insiders for their releases.  The Insiders breached
the Partnership Agreement in multiple ways and on multiple
occasions.  One only need look at the Athenian Transaction and the
improper incurrence of the Athenian recourse Note to illustrate
why the Insiders are not entitled to releases.

Mr. Steinberg believes that the Debtors' Plan has no chance of
succeeding in its present form.  Instead of going down this "dead
end" track, the parties should be directed to try and negotiate a
consensual resolution of all disputes.  Prior to the bankruptcy,
Athenian and the Debtors each incurred over $1 million litigating
against each other with respect to an ultra vires transaction of
the Partnerships.  Since the bankruptcy, the litigation
gamesmanship between them has continued.  Now that the Limited
Partner Group has become aware of (a) what transpired between the
General Partner and Athenian, and (b) other transgressions of the
General Partner, there is a real risk that further and expanded
litigation may ensue between the three parties.  The parties in
interest should not go through that wasteful litigation exercise
in the Plan/Disclosure Statement context, or otherwise, if it can
be avoided. In short, this case is a prime candidate for
mediation.

Limited Partner Group is represented by:

         KING & SPALDING LLP
         Arthur Steinberg, Esq.
         1185 Avenue of the Americas
         New York, New York 10036
         Tel: (212) 556-2100
         Fax: (212) 556-2222

                             The Plan

As reported in the TCR on Oct. 14, 2014, GMG Capital Partners III,
L.P. and GMG Capital Partners III Companion Fund, L.P., filed with
the United States Bankruptcy Court for the Southern District of
New York on October 3, 2014, a Joint Chapter 11 Plan of
Reorganization for GMG Capital Partners III, L.P., et al.

The Plan will be implemented through the Debtors' sale of certain
of its equity interests in Lancope Inc. pursuant to an asset
purchase agreement.  Proceeds of the sale will be used to pay
distributions set forth in the Plan.

The sale will be free and clear of any lien, claim interest or
encumbrance with any lien, claim, interest or encumbrance to
attach to the proceeds of the sale.  Subject to any lien or
encumbrance, the proceeds of the sale and the remainder of the
Debtors' Assets will be vested in the Reorganized Debtors for
Distribution in accordance with the terms of the Plan.

Non-Debtor affiliate GMG IIIA may also contribute to the
Distribution with the proceeds of the sale of certain of its
beneficial interests in Lancope to Second Alpha Partners, LLC.

A copy of the Plan is available for free at:

      http://bankrupt.com/misc/GMGCAPITAL_Plan_10032014.pdf

                    About GMG Capital Partners

GMG Capital Partners III, L.P., and GMG Capital Partners III
Companion Fund, L.P., sought Chapter 11 protection (Bankr.
S.D.N.Y. Case No. 13-12937 and 13-12939) in Manhattan on Sept. 10,
2013.  Stuart M. Bernstein oversees the Debtor's case.  Olshan
Frome Wolosky LLP represents the Debtor its Chapter 11 Bankruptcy
Case.  GMG Capital Partners III disclosed $21,696,757 in assets
and $7,877,498 in liabilities as of the Chapter 11 filing.


GREEN ENERGY: S&P Retains 'BB-' Rating on Debt After Upsizing
-------------------------------------------------------------
Standard & Poor's Ratings Services said it left unchanged its
preliminary 'BB-' debt issue ratings on Green Energy
Partners/Stonewall LLC's $500 million senior secured term loan B
facility due 2021 and $71 million letter of credit and working
capital facility due 2019.  The outlook is stable.  The
preliminary recovery rating of '2' on both issues is unchanged.
The '2' indicates a "substantial" (70% to 90%) recovery of
principal if a default occurs; S&P expects the recovery to be at
the higher end of the spectrum.

The rating reflects the project's construction phase and
operational phase risk profiles, which are the same in S&P's view.
S&P's assessment of construction phase risk is driven by the use
of a technology that is considered a modified proven design along
with reliance on facility drawdowns during construction.

"The operations phase risk profile is driven by expectation of
reasonable performance, coupled with significant market, financial
performance, and refinance risks," said Standard & Poor's credit
analyst Michael Ferguson.

"We assess the construction phase stand-alone credit profile as
'bb'.  This assessment represents several key factors.  Although
similar technology is currently being installed in other Panda
sites, we believe there is some risk because this is a unique site
and because the F Series turbines are more commonly used in plants
where ramping up and down is more frequent, while this Panda site
is expected to have comparatively high capacity factors.  The
engineering, procurement, and construction contract with two
qualified contractors largely mitigates the risk of cost overruns.
This came to bear in Panda's Temple and Sherman projects, which
had the same contractors and similar contracts," S&P noted.

The stable outlook reflects S&P's expectation that the project
will be completed in early 2017 as scheduled, and with minimal
cost overruns.  S&P expects that the project will then earn DSCRs
of about 2.4x on average during the term loan B period.  This
hinges on continued stability in capacity payments and a robust
energy market in PJM, as well as availability of about 93%.  This
should yield leverage of $331 per kW at maturity, leaving the
project with moderate refinancing risk.

S&P would consider lowering the rating during construction if
change orders were to become substantial, leading to considerable
cost overruns, or if delays in the construction process resulted
in an inability to meet the terms of the HRCO agreement for a
prolonged period of time.  Thereafter, lower ratings could stem
from a weaker energy and capacity market or performance that is
beneath S&P's expectations, possibly resulting in minimum DSCRS
under 1.4x or leverage exceeding $400 per kW at maturity.

If market conditions improve significantly in PJM, such that
minimum DSCRs during the term loan B period exceed 2.1x, S&P could
consider higher ratings.  Furthermore, the strengthening of
existing HRCOs could lead to lower market risk, and possibly
higher ratings.


GT ADVANCED: Can Tap Rothschild Inc as Financial Advisor
--------------------------------------------------------
GT Advanced Technologies Inc. and its debtor affiliates sought and
obtained permission from the Bankruptcy Court to employ Rothschild
Inc. as their financial advisor and investment banker nunc pro
tunc to Oct. 6, 2014.

Rothschild Inc. is expected to provide, among other things, these
services:

   a. Identify and/or initiate potential transactions and/or new
      capital raises;

   b. Review and analyze the Debtors' assets and operating and
      financial strategies of the Debtors; and

   c. Evaluate the Debtors' debt capacity in light of their
      projected cash flow and assist in the determination of an
      appropriate capital structure for the Debtors.

The Debtors will pay for Rothschild's services in this manner:

   (a) Monthly Fee: $175,000 per month for the first two months
       and beginning in December 2014, $200,000 per month.

   (b) Completion Fee: $5,000,000, payable once, on confirmation
       and effectiveness of a Plan or closing of a Transaction.

   (c) New Capital Fee: Payable on the closing of each commitment
       of a new capital raise, (i) 0.75% of the face amount of
       senior secured debt raised, including debtor-in-possession
       financing; (ii) 1.5% of the face amount of junior secured
       debt raised; (iii) 4.0% of the face amount of unsecured
       debt raised; and (iv) 5.0% of equity capital, capital
       convertible  into equity or hybrid capital raised.

   (d) Monthly Fee Credit: Half of Monthly Fees paid in excess of
       $1,000,000 will be credited once against any Completion or
       New Capital Fee, up to the amount of such fee.

   (e) Expenses: The Debtors will reimburse Rothschild for its
       reasonable expenses, including, without limitation, the
       reasonable fees, disbursements, and other charges of
       Rothschild's counsel (without the requirement that the
       retention of such counsel be approved by the Bankruptcy
       Court).  The Debtors have agreed that Rothschild's
       reimbursable counsel fees may include, without limitation,
       fees incurred in representing Rothschild's interests during
       the pendency and following the conclusion of these chapter
       11 cases, such as may be incurred in connection with the
       Firm's retention and payment.

The Debtors assert that the Fee and Expense Structure is
comparable to those generally charged by financial advisors and
investment bankers of similar stature to Rothschild for comparable
engagements, and reflects a balance between a fixed, monthly fee
and a contingency amount, which are tied to the consummation and
closing of the transactions and services contemplated by the
Debtors and Rothschild in their Engagement Letter.

Neil Augustine, a member of Rothschild Inc., assures the Court
that his Firm is a "disinterested person" as the term is defined
under Section 101(14) of the Bankruptcy Code.

The Firm can be reached at:

     ROTHSCHILD INC.
     Neil A. Augustine
     Executive Vice Chairman
     1252 Avenue of the Americas
     New York, NY 10020
     Tel No: (212)403-5411
     Fax No: (212)403-5454
     Email: neil.augustine@rothschild.com

                 About GT Advanced Technologies

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

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

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

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys; Rothschild Inc. as financial advisor and investment
banker; and Kurtzman Carson Consultants LLC as claims and
noticing agent.

                            *   *   *

The deadline for the Debtors to file their schedules of assets and
liabilities and statement of financial affairs has been extended
through Nov. 20, 2014.



GT ADVANCED: Court Sets April 6 as Governmental Claims Bar Date
---------------------------------------------------------------
The Hon. Henry J. Boroff of the U.S. Bankruptcy Court for the
District of New Hampshire granted GT Advanced Technologies Inc.
and its debtor affiliates' request to set 5:00 p.m. E.T. on the
date that is 45 days after the date on which the Debtors file and
serve their Schedules of Assets and Liabilities as the deadline
for persons or entities to file a proof of claim for prepetition
liability against the Debtors.

As noted in the Oct. 14, 2014 edition of The Troubled Company
Reporter, Judge Boroff has extended until Nov. 20, 2014, the time
by which GT Advanced Technologies et al. must file their Schedules
of Assets and Liabilities.

In his Bar Date Motion Order, the judge also ruled that creditors
Apple Inc. and Platypus Development LLC (collectively, the "Apple
Parties") will not be required to file any Proof of Claim prior to
the date that is 45 days after any termination of that certain
Adequate Protection and Settlement Agreement, dated October 21,
2014, by and among the Apple Parties and the Debtors.

Judge Boroff has also established April 6, 2015, at 5:00 p.m.
(E.T.) as the deadline for all governmental units to file a proof
of claim in the Debtors' cases.

                  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; Rothschild Inc. as financial advisor and investment
banker; and Kurtzman Carson Consultants LLC as claims and
noticing agent.

                            *   *   *

The deadline for the Debtors to file their schedules of assets and
liabilities and statement of financial affairs has been extended
through Nov. 20, 2014.


GTA REALTY II: US Trustee Appoints Creditors' Committee
-------------------------------------------------------
The U.S. Trustee for Region 2 appointed three creditors of GTA
Realty II, LLC: to serve on the official committee of unsecured
creditors.

The members of the unsecured creditors' committee are:

     (1) Anne F. Bivona
         235 Cambridge Oaks
         Park Ridge, NJ 07656
         Phone: (612) 217-5629
         Email: AFB711@yahoo.com

     (2) Margaux Levy
         488 Madison Avenue #1100
         New York, NY 10022
         Phone: (212) 486-9494 (ext 111)
                (917) 751-0249
         Fax: (212) 486-0701
         Email: mlevyesq@att.net

     (3) Harrison Morgan Investments, LLC
         One Columbus Place
         Apt. 518A
         New York, New York 10019
         Attention: Gadi Nachum
         Phone: (201) 233-2118
         Email: gnac5@msn.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                        About GTA Realty II

GTA Realty II, LLC, sought bankruptcy protection (Bankr. S.D.N.Y.
Case No. 14-12840) in Manhattan on Oct. 8, 2014.

In its schedules of assets and liabilities, the Debtor disclosed
$18 million in total assets and $7.26 million in liabilities.  The
Debtor owns real property at 184 Prince Street, New York, valued
at $6 million and a property at 287 Bleeker Street, New York,
valued at $12 million.   U.S. Bank National Association, owed $5.3
million, holds a first mortgage on the property.

The case is assigned to Judge Robert E. Gerber.

The Debtor is represented by Mark A. Frankel, Esq., at Backenroth
Frankel & Krinsky, LLP, in New York.

The Debtor's Chapter 11 plan and disclosure statement are due
Feb. 5, 2015.  The initial case conference is due by Nov. 7, 2014.

The Debtor has tapped Backenroth Frankel & Krinsky, LLP as
counsel.


HARRON COMMUNICATIONS: Moody's Hikes Unsec. Bonds Rating to B3
--------------------------------------------------------------
Moody's Investors Service upgraded the senior unsecured bonds of
Harron Communications, L.P. to B3 from Caa1 and the first lien
credit facility of MetroCast Cablevision of New Hampshire, LLC, a
subsidiary of Harron, to Ba2 from Ba3. The action follows the
repayment of first lien debt with asset sale proceeds. Moody's
also affirmed Harron's B2 Corporate Family Rating (CFR) and its
B2-PD Probability of Default Rating.

A summary of the action follows.

Harron Communications, LP

  Senior Unsecured Bonds, Upgraded to B3 from Caa1

  Corporate Family Rating, Affirmed B2

  Probability of Default Rating, Affirmed B2-PD

  Outlook, Remains Stable

MetroCast Cablevision of New Hampshire, LLC

  First Lien Credit Facility Upgraded to Ba2 from Ba3

  Outlook, Remains Stable

Ratings Rationale

The repayment of first lien debt reduces the debt senior to
bondholders, resulting in a one notch upgrade in accordance with
Moody's Loss Given Default (LGD) methodology. At the same time,
first lien lenders now comprise a smaller portion of the overall
debt capital structure while maintaining the same amount of junior
debt capital cushion, and Moody's also upgraded the bank debt in
accordance with the LGD methodology.

The transaction favorably reduces leverage to about 4.9 times
debt-to-EBITDA from about 5.7 times and will also lower interest
expense. Moody's believes the purchase multiple exceeded Harron's
leverage. However, the sale reduces Harron's already small scale.

High leverage poses risk for a small company operating in a
competitive environment, driving Harron's B2 CFR. However, Moody's
expects the combination of EBITDA growth and debt repayment to
lower leverage over the next couple years. Also, the solid EBITDA
margin (approximately 40%) and good liquidity profile, including
expectations for continued positive free cash flow, enable the
company to better manage the leverage. Harron currently benefits
from a relatively more benign competitive environment than many of
its cable peers, with no FiOS overlap and minimal telco video
overbuild in Connecticut, positioning it well for continued high
speed data subscriber gains and upside from its nascent commercial
business. Nevertheless, the maturity of the core video product and
formidable competition from direct broadcast satellite operators
constrains overall growth prospects, given that video still
comprises over half of revenue and almost half of EBITDA.

Headquartered in Frazer, PA, Harron Communications, L.P. houses
the cable operating assets of Gans Communications, LP, MetroCast
Cablevision of New Hampshire, LLC, MetroCast Communications of
Connecticut, LLC, and MetroCast Communications of Mississippi,
LLC. Prior to the asset sale, its cable operating companies served
approximately 156,000 video subscribers, 148,000 high speed data
subscribers, and 50,000 telephone subscribers across New
Hampshire, Maine, Connecticut, Maryland, Virginia, Mississippi,
Alabama, Pennsylvania, and South Carolina. The Harron family and
management own the company.

The principal methodology used in these ratings was Global Pay
Television - Cable and Direct-to-Home Satellite Operators
published in April 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.


HOVNANIAN ENTERPRISES: Unit Inks Indenture With Wilmington Trust
----------------------------------------------------------------
K. Hovnanian Enterprises, Inc., a wholly-owned subsidiary of
Hovnanian Enterprises, Inc., completed a private placement
pursuant to Rule 144A and Regulation S under the Securities Act of
1933, as amended, of $250,000,000 aggregate principal amount of
8.000% Senior Notes due 2022, which are guaranteed by the Company
and substantially all of its subsidiaries.

In connection with the issuance of the Notes, K. Hovnanian and the
Guarantors entered into an Indenture, dated as of Nov. 5, 2014,
with Wilmington Trust, National Association, as trustee.  As of
the date of the Indenture, the Guarantors included the Company and
each of its subsidiaries except its home mortgage subsidiaries,
certain of its title insurance subsidiaries, joint ventures,
subsidiaries holding interests in joint ventures and its foreign
subsidiary.

The Notes bear interest at 8.000% per annum and mature on Nov. 1,
2019.  Interest is payable semi-annually on May 1 and November 1
of each year, beginning on May 1, 2015, to holders of record at
the close of business on April 15 or October 15, as the case may
be, immediately preceding each such interest payment date.

The Indenture contains restrictive covenants that limit among
other things, the ability of the Company and certain of its
subsidiaries, including K. Hovnanian, to incur additional
indebtedness, pay dividends and make distributions on common and
preferred stock, repurchase subordinated indebtedness and common
and preferred stock, make other restricted payments, including
investments, sell certain assets, incur liens, consolidate, merge,
sell or otherwise dispose of all or substantially all of its
assets and enter into certain transactions with affiliates.  The
Indenture also contains customary events of default which would
permit the holders of the Notes to declare those Notes to be
immediately due and payable if not cured within applicable grace
periods, including the failure to make timely payments on the
Notes or other material indebtedness, the failure to satisfy
covenants and specified events of bankruptcy and insolvency.

K. Hovnanian intends to use the net proceeds from the offering of
the Notes for general corporate purposes, including land
acquisition and land development.

                     About Hovnanian Enterprises

Red Bank, New Jersey-based Hovnanian Enterprises, Inc. (NYSE: HOV)
-- http://www.khov.com/-- founded in 1959 by Kevork S. Hovnanian,
is one of the nation's largest homebuilders with operations in
Arizona, California, Delaware, Florida, Georgia, Illinois,
Kentucky, Maryland, Minnesota, New Jersey, New York, North
Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and
West Virginia.  The Company's homes are marketed and sold under
the trade names K. Hovnanian Homes, Matzel & Mumford, Brighton
Homes, Parkwood Builders, Town & Country Homes, Oster Homes and
CraftBuilt Homes.  As the developer of K. Hovnanian's Four Seasons
communities, the Company is also one of the nation's largest
builders of active adult homes.

Hovnanian Enterprises posted net income of $31.29 million on $1.85
billion of total revenues for the year ended Oct. 31, 2013, as
compared with a net loss of $66.19 million on $1.48 billion of
total revenues during the prior year.

As of July 31, 2014, the Company had $1.89 billion in total
assets, $2.33 billion in total liabilities and a $443.12 million
total deficit.

                           *     *     *

As reported by the Troubled Company Reporter on April 25, 2013,
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Hovnanian Enterprises Inc. to 'B-' from 'CCC+'.
"The upgrade reflects strengthening operating performance
supported by the broader recovery in the housing market that, we
believe, should support modest profitability in 2013," said
Standard & Poor's credit analyst George Skoufis.

In the Dec. 9, 2013, edition of the TCR, Fitch Ratings upgraded
the Issuer Default Rating (IDR) of Hovnanian Enterprises to 'B-'
from 'CCC'.  The upgrade and the Stable Outlook reflects HOV's
operating performance year-to-date (YTD), adequate liquidity
position, and moderately better prospects for the housing sector
during the remainder of this year and in 2014.

The TCR reported on Jan. 9, 2014, that Moody's Investors Service
raised the Corporate Family Rating of Hovnanian Enterprises, Inc.,
to B3 from Caa1.  The upgrade of the Corporate Family Rating to B3
reflects Hovnanian's improved financial performance including
improvement in interest coverage to slightly above 1x and finally
turning net income positive for the fiscal year 2013.


I2A TECHNOLOGIES: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
i2a Technologies Inc. filed its summary of schedules of assets and
liabilities in the U.S. Bankruptcy Court for the Northern District
of California, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property
  B. Personal Property            $6,788,961
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $1,957,675
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $217,691
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $1,087,805
                                 -----------      -----------
        TOTAL                     $6,788,961       $3,263,172

A full-text copy of the Debtor's schedules is available for free
at http://is.gd/683Jlf

                      About i2a Technologies

Based in Fremont, California, i2a Technologies, Inc. --
http://www.ipac.com/-- provides manufacturing services to
semiconductor and electronics industries including integrated
circuit packaging, system and module assembly, wafer bumping, and
related services.

The Company filed a Chapter 11 bankruptcy petition (Bankr. N.D.
Cal. Case No. 14-44239) on Oct. 20, 2014.  The case is assigned
to Judge Charles Novack.  The petition was signed by Victor
Batinovich, the CEO.  The Debtor estimated assets and liabilities
of $10 million to $50 million.  The Debtor is represented by Eric
A. Nyberg, Esq., at Kornfield, Nyberg, Bendes & Kuhner, P.C.

The first meeting of creditors under 11 U.S.C. Sec. 341(a) is
scheduled for Nov. 17, 2014, at 9:00 a.m.


INTOWN COMPANIES: Case Summary & 17 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: The Intown Companies, Inc.
           dba American Quality Lodge
        2200 Northlake Pkwy, Ste. S-277
        Tucker, GA 30084

Case No.: 14-50374

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: November 11, 2014

Court: United States Bankruptcy Court
       Northern District of Florida (Panama City)

Judge: Hon. Karen K. Specie

Debtor's Counsel: Thomas B. Woodward, Esq.
                  THOMAS B. WOODWARD, ATTY.
                  P.O. Box 10058
                  Tallahassee, FL 32302
                  Tel: 850-222-4818
                  Fax: 850-561-3456
                  Email: woodylaw@embarqmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Melton Harrell, president.

A list of the Debtor's 17 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flnb14-50374.pdf


ISLAND BREEZE: Defaulted on $1.5MM Loan From SourcePoint
--------------------------------------------------------
Celia Ampel at South Florida Business Journal reports that Island
Breeze Casino defaulted on a $1.5 million loan from SourcePoint,
the company from which it leases its slot machines.

Business Journal relates that Island Breeze also delayed a
mandatory U.S. Coast Guard ship inspection and temporarily lost
its certificate of inspection during the summer.

                   About Island Breeze Casino

Florida's Island Breeze Casino is a gambling cruise that set sail
twice daily from the Port of Palm Beach.  It is majority owned by
IBI Palm Beach LLC, which owes about $5.2 million to Nurmi for a
charter agreement on the ship.

As reported by the Troubled Company Reporter on Nov. 11, 2014,
Katy Stech, writing for The Wall Street Journal, reported that
Island Breeze has filed for bankruptcy after halting daily
excursions from Palm Beach and laying off nearly all of its 250
employees.  According to the report, Lawrence McMichael, the
ship's lawyer, said the bankruptcy could help the ship restart its
operations next month during Florida's busy tourist season.

Island Breeze disclosed in documents filed with the bankruptcy
court that it lost $1 million in May after the ship's starboard
main engine failed, putting the casino cruise out of business for
three weeks.


J.C. PENNEY: S&P Affirms 'CCC+' Corporate Credit Rating
-------------------------------------------------------
Standard & Poor's Ratings Services raised its ratings on J.C.
Penney Co. Inc.'s 6.875% medium-term notes due Oct. 15, 2015, to
'A' from 'CCC-'.  The bonds have been defeased and S&P now rates
them the same as that of the trustee, Wilmington Trust N.A.  S&P
also withdrew the '6' recovery rating on the 6.875% medium-term
notes due 2015.

RATINGS LIST

J.C. Penney Co. Inc.
Corporate Credit Rating       CCC+/Stable/--

Rating Raised

J.C. Penney Co. Inc.
6.875% Medium term notes      A         CCC-
  Recovery rating              NR        6


JACKSONVILLE BANCORP: CapGen Capital Holds 42% Equity Stake
-----------------------------------------------------------
In an amended Schedule 13D filed with the U.S. Securities and
Exchange Commission, CapGen Capital Group IV LP and its affiliates
disclosed that as of Oct. 28, 2014, they beneficially owned
1,334,208 shares of common stock of Jacksonville Bancorp, Inc.,
representing 42 percent of the shares outstanding.  A copy of the
regulatory filing is available at http://is.gd/QgNAPW

                     About Jacksonville Bancorp

Jacksonville Bancorp, Inc., a bank holding company, is the parent
of The Jacksonville Bank, a Florida state-chartered bank focusing
on the Northeast Florida market with eight full-service branches
in Jacksonville, Duval County, Florida, as well as the Company's
virtual branch.  The Jacksonville Bank opened for business on
May 28, 1999, and provides a variety of community banking services
to businesses and individuals in Jacksonville, Florida.

Jacksonville Bancorp reported a net loss available to common
shareholders of $32.42 million in 2013, a net loss available to
common shareholders of $43.04 million in 2012 and a net loss
available to common shareholders of $24.05 million in 2011.
As of June 30, 2014, the Company had $494.63 million in total
assets, $459.11 million in total liabilities and $35.52 million in
total shareholders' equity.


KIMBALL HILL: Consolidation of Fidelity et al. Claims Upheld
------------------------------------------------------------
Creditors Fidelity & Deposit Company of Maryland (F&D) and Zurich
American Insurance Company appealed from an order of the
bankruptcy court that in effect ratified the substantive
consolidation of a number of their claims against Debtor Kimball
Hill, Inc. and its affiliates.

District Judge Edmond E. Chang for the District of Illinois
affirmed the bankruptcy court's ruling in a memorandum opinion
dated Nov. 4, 2014 available at http://is.gd/4TYo5ffrom
Leagle.com.

The Creditors argued that substantive consolidation of their
claims is invalid because no provision in the Debtors' Chapter 11
Plan explicitly stated that consolidation was part of the Plan.
"The problem with this argument is that F&D and Zurich never
identify any applicable law that actually sets forth such a
requirement. Instead, F&D and Zurich fixate on the well-
established presumption against the use of substantive
consolidation in most cases . . . . That the doctrine should be
applied only in narrow circumstances and with careful forethought
is uncontested," Judge Change opined.

The appeals case is IN RE KIMBALL HILL, INC., Debtor. FIDELITY &
DEPOSIT COMPANY OF MARYLAND, ZURICH AMERICAN INSURANCE COMPANY and
their subsidiaries and affiliates, Appellants, v. U.S. BANK
NATIONAL ASSOCIATION, as the PLAN ADMINISTRATOR for the KHI POST-
CONSUMMATION TRUST and the LIQUIDATION TRUST ADMINISTRATOR for the
KHI LIQUIDATION TRUST, Appellee, NO. 13 C 07146 (N.D. Ill.).

Fidelity & Deposit Company of Maryland, Appellant, represented by
Cornelius F. Riordan, Esq. -- criordan@rmp-llc.com -- and Megan
Mary Burke -- mburke@rmp-llc.com -- of Riordan Mckee And Piper,
Llc.

Kimball Hill Inc, Appellee, represented by Gordon Elliot Gouveia,
Esq. -- ggouveia@shawfishman.com & Mark Lee Radtke, Esq. --
mradtke@shawfishman.com of Shaw Fishman Glantz & Towbin LLC;
Marylynne Kristy Schwartz, Esq, of Shaw Gussis & Melissa Catherine
Peshkin, Esq. of Kirkland & Ellis LLP.

U.S. Bank National Association, as the Plan Administrator for the
KHI Post-Consummation Trust and the Liquidation Trust
Administrator for the KHI Liquidation Trust, Appellee, represented
by Mark Lee Radtke, Esq. -- moc.namhsifwahs@ektdarm -- of
Shaw Fishman Glantz & Towbin LLC.

                       About Kimball Hill

Headquartered in Rolling Meadow, Illinois, Kimball Hill Inc. --
http://www.kimballhillhomes.com/-- was one of the largest
privately-owned homebuilders and one of the 30 largest
homebuilders in the United States, as measured by home deliveries
and revenues, before filing for bankruptcy.  The company operated
within 12 markets, including, among others, Chicago, Dallas, Fort
Worth, Houston, Las Vegas, Sacramento and Tampa, in five regions:
Florida, the Midwest, Nevada, the Pacific Coast and Texas.

Kimball Hill, Inc., and 29 of its affiliates filed for Chapter 11
protection on April 23, 2008 (Bankr. N.D. Ill. Lead Case No. 08-
10095).  Ray C. Schrock, Esq., at Kirkland & Ellis LLP, represents
the Debtors in their restructuring efforts.  The Debtors'
consolidated financial condition as of Dec. 31, 2007, reflected
total assets of $795,473,000 and total debts $631,867,000.

Kimball Hill filed a Chapter 11 plan of liquidation on Dec. 2,
2008, which provides for the winding down of the Debtors' business
through a liquidation trust.  With the support of the official
committee of unsecured creditors and the company's senior lenders
(estimated to recover 37% to 48% of their claims), the plan was
confirmed on March 12, 2009, and took effect 12 days later.  U.S.
Bank National Association was appointed as trustee for the
Liquidation Trust.


KLX INC: S&P Assigns 'BB' Corporate Credit Rating; Outlook Stable
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'BB'
corporate credit rating to KLX Inc.  The outlook is stable.

At the same time, S&P assigned a 'BBB-' issue-level rating to the
company's proposed $500 million secured revolving credit facility,
with a '1' recovery rating, indicating S&P's expectation for very
high (90%-100%) recovery in a simulated default scenario.

"The rating on KLX reflects a fairly conservative capital
structure following the spin-off from B/E Aerospace, but also the
potential for future acquisitions that could require increased
debt," said Standard & Poor's credit analyst Chris Mooney.

S&P also factors in less technological capabilities compared with
other aerospace and defense industry players, participation in
cyclical end markets, and KLX's relatively weak competitive
position in the oilfield services market.  These factors are
partially offset by high profit margins and the leading position
in a relatively small, niche aerospace market.  KLX plans to sell
$1.2 billion in new unsecured notes to pay a one-time $750 million
dividend to its former parent and to provide initial liquidity.
S&P expects debt to EBITDA of roughly 3x on a pro forma basis in
2014 (assuming KLX was a stand-alone company for the entire year).
S&P has included the new notes in its analysis and will assign
ratings to them when further details are available.

KLX has grown both organically and through acquisitions to be the
no. 1 player in the $4.7 billion aerospace consumables
distribution market (about 75% of total sales), with Wesco
Aircraft Holdings Inc. a close second behind.  Beyond that, the
market is highly fragmented among much smaller, specialized
companies.  Compared with Wesco, KLX has a stronger presence in
the higher-margin aftermarket business (roughly 40% of segment
sales), which is the primary reason for KLX's better EBITDA
margins.  KLX also competes with customers that buy directly from
suppliers and do not use a distributor, which is estimated to be
roughly one-third of the total market.  While the threat of
customer in-sourcing exists as aircraft manufacturers, such as
Boeing (10% of sales), aim to reduce costs in the supply chain,
S&P believes KLX's track record of operational excellence and many
long-term customer agreements mitigates this risk to a degree.

The stable outlook reflects S&P's belief that earnings growth from
healthy commercial aerospace market conditions combined with
contributions from possible bolt-on acquisitions should result in
gradually improving credit metrics, with debt to EBITDA around
2.5x in 2015 from about 3x on a pro forma basis immediately
following the spin-off.

S& could lower the rating if debt to EBITDA were to rise above 4x
and FFO to debt were to fall below 20% for a sustained period,
which would mostly likely be caused by a combination of increased
debt and a downturn in the company's end-markets.

S&P could raise the rating if management commits to maintaining
debt to EBITDA below 2.5x and FFO to debt above 35% for a
sustained period.


LANDDRILL COMPANIES: Debt Owed to Landdrill BC to Be Sold Nov. 21
-----------------------------------------------------------------
A public auction sale of debt owed to Landdrill BC by the
Landdrill Companies and shares in Landdrill Barbados held by
Landrill NB will be held on Nov. 21, 2014, at 10:00 a.m., AST at
22 king Street in Saint John, New Brunswick, Canada.  Interested
buyers for the assets up for sale must contact,  R. Gary Faloon,
Q.C., Barrister & Solicitor by e-mail at RGFaloon@gmglaw.com or
at 506-634-3600 before Nov. 17, 2014.

Landdrill Companies is comprised of Landdrill International
(British Columbia); Landdrill International Ltd (New Brunswick);
Landdrill Atlantic Ltd. (New Brunswick); Landdrill International
Mexico S.A. de C.V., Landdrill International LLC (Mongolia),
Landdrill International Inc. (Barbados), Landdrill Nicaragua S.A.,
Nitsaki Landdrill (Quebec) Limited Partnership and Nitsaki
Landdrill Limited Partnership.


LDK SOLAR: Incurs $1.6 Billion Net Loss in 2013
-----------------------------------------------
LDK Solar Co., Ltd., filed with the U.S. Securities and Exchange
Commission its annual report on Form 20-F disclosing a net loss of
$1.64 billion on $598.24 million of total net sales for the year
ended Dec. 31, 2013, compared to a net loss of $1.05 billion on
$862.88 million of total net sales during the prior year.

As of Dec. 31, 2013, LDK Solar had $3.04 billion in total assets,
$5.14 billion in total liabilities and a $2.10 billion in total
deficit.

KPMG, in Hong Kong, China, issued a "going concern" qualification
in its report on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent accounting firm noted
that the Company has suffered recurring losses from operations,
has a net capital deficit, and has been placed into provisional
liquidation that raise substantial doubt about its ability to
continue as a going concern.

A full-text copy of the Form 20-F is available for free at:

                        http://is.gd/yhKEHp

                        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.

LDK Solar in February 2014 filed in the Cayman Islands for the
appointment of provisional liquidators, four days before it was
due to make a $197 million bond repayment.  Its Joint
Provisional Liquidators are Tammy Fu and Eleanor Fisher, both of
Zolfo Cooper (Cayman) Limited, on Oct. 22.

In September 2014, LDK SOalr, LDK Silicon and LDK Silicon Holding
Co., Limited each applied to file an originating summons to
commence their restructuring proceedings in the High Court of Hong
Kong.

On Oct. 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 lead case is In re  LDK
Solar Systems, Inc. (Bankr. D. Del., Case No. 14-12384).

On Oct. 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.  The Chapter
15 case is In re LDK Solar CO., Ltd. (Bankr. D. Del., Case No. 14-
12387).

The U.S. Debtors' General Counsel is Jessica C.K. Boelter, Esq.,
at Sidley Austin LLP, in Chicago, Illinois.  The U.S. Debtors'
Delaware   counsel is Robert S. Brady, Esq., Maris J. Kandestin,
Esq., and Edmon L. Morton, Esq., at Young, Conaway, Stargatt &
Taylor, LLP, in Wilmington, Delaware.  The U.S. Debtors' financial
advisor is Jefferies LLC.  The Debtors' voting and noticing agent
is Epiq Bankruptcy Solutions, LLC.

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.


LDK SOLAR: Hires Sidley Austin as Attorneys
-------------------------------------------
LDK Solar Systems, Inc. and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the District of
Delaware to employ Sidley Austin LLP as attorneys, nunc pro tunc
to the Oct. 21, 2014 petition date.

The Debtors require Sidley Austin to:

   (a) provide legal advice with respect to the Debtors' powers
       and duties as debtors in possession in the continued
       operation of their business;

   (b) take all necessary action on behalf of the Debtors to
       protect and preserve the Debtors' estates, including
       prosecuting actions on behalf of the Debtors, negotiating
       any and all litigation in which the Debtors are involved
       and objecting to claims filed against the Debtors' estates;

   (c) prepare on behalf of the Debtors all necessary motions,
       answers, orders, reports and other legal papers in
       connection with the administration of the Debtors' estates;

   (d) advise the Debtors concerning, and prepare responses to,
       applications, motions, other pleadings, notices and other
       papers that may be filed by other parties in these Chapter
       11 Cases;

   (e) attend meetings and negotiate with representatives of
       creditors and other parties in interest, attend court
       hearings and advise the Debtors on the conduct of their
       Chapter 11 Cases;

   (f) perform any and all other legal services for the Debtors in
       connection with these Chapter 11 Cases and with
       implementation of the Debtors' plan of reorganization;

   (g) advise and assist the Debtors regarding all aspects of the
       plan confirmation process, including, but not limited to,
       negotiating and drafting a plan of reorganization and
       accompanying disclosure statement, securing the approval of
       a disclosure statement, soliciting votes in support of plan
       confirmation and securing confirmation of the plan;

   (h) provide legal advice and perform legal services with
       respect to matters relating to corporate governance, the
       interpretation, application or amendment of the Debtors'
       organizational documents, material contracts, and matters
       involving the fiduciary duties of the Debtors and their
       officers, directors and managers;

   (i) provide legal advice and legal services with respect to
       litigation, tax and other general non-bankruptcy legal
       issues for the Debtors to the extent requested by the
       Debtors; and

   (j) render such other services as may be in the best interests
       of the Debtors in connection with any of the foregoing and
       all other necessary or appropriate legal services in
       connection with these Chapter 11 Cases, as agreed upon by
       Sidley and the Debtors.

Sidley Austin will be paid at these hourly rates:

       Larry J. Nyhan                  $1,150
       Jessica C.K. Boelter            $825
       Matthew G. Martinez             $700
       Geoffrey M. King                $665
       Matthew E. Linder               $495
       Attorneys                       $465-$1,285
       Paraprofessionals               $250-$450

Sidley Austin will also be reimbursed for reasonable out-of-pocket
expenses incurred.

During the one-year period before the Petition Date, Sidley Austin
did not receive any payments from any of the Debtors.  Rather,
during the one-year period before the Petition Date, Sidley Austin
received payment on account of its fees and expenses from LDK
Parent, including approximately US$850,000 on account of legal
services rendered and costs and expenses incurred by Sidley Austin
in contemplation of or in connection with the filing of these
Chapter 11 Cases.

The Debtors also noted that having been engaged by LDK Parent for
an extensive period of time prior to the Petition Date, Sidley has
developed a detailed understanding of the Debtors' financial
affairs and their role within the Group's complex global
restructuring. As a result, the Debtors could not replace Sidley
without incurring severe costs in terms of the time and money that
would be required to select and educate replacement counsel at
this late stage in their prepackaged chapter 11 reorganization.

Sidley will make a reasonable effort to comply with the United
States Trustee's requests for information and additional
disclosures as set forth in the Guidelines for Reviewing
Applications for Compensation and Reimbursement of Expenses Filed
under 11 U.S.C. Sec. 330 by Attorneys in Larger Chapter 11 Cases
Effective as of November 1, 2013, both in connection with this
Application and any fee applications to be filed by Sidley in the
Chapter 11 Cases.

Jessica C.K. Boelter, a partner at Sidley Austin, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

The Court for the District of Delaware will hold a hearing on the
application on Nov. 21, 2014, at 2:00 p.m.  Objections, if any,
are due Nov. 14, 2014, at 4:00 p.m.

Sidley Austin can be reached at:

       Jessica C.K. Boelter, Esq.
       SIDLEY AUSTIN LLP
       One South Dearborn
       Chicago, IL 60603
       Tel: +1 (312) 853-7030
       E-mail: jboelter@sidley.com

                        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.

LDK Solar in February 2014 filed in the Cayman Islands for the
appointment of provisional liquidators, four days before it was
due to make a $197 million bond repayment.  Its Joint
Provisional Liquidators are Tammy Fu and Eleanor Fisher, both of
Zolfo Cooper (Cayman) Limited, on Oct. 22.

In September 2014, LDK SOalr, LDK Silicon and LDK Silicon Holding
Co., Limited each applied to file an originating summons to
commence their restructuring proceedings in the High Court of Hong
Kong.

On Oct. 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 lead case is In re  LDK
Solar Systems, Inc. (Bankr. D. Del., Case No. 14-12384).

On Oct. 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.  The Chapter
15 case is In re LDK Solar CO., Ltd. (Bankr. D. Del., Case No. 14-
12387).

The U.S. Debtors' General Counsel is Jessica C.K. Boelter, Esq.,
at Sidley Austin LLP, in Chicago, Illinois.  The U.S. Debtors'
Delaware   counsel is Robert S. Brady, Esq., Maris J. Kandestin,
Esq., and Edmon L. Morton, Esq., at Young, Conaway, Stargatt &
Taylor, LLP, in Wilmington, Delaware.  The U.S. Debtors' financial
advisor is Jefferies LLC.  The Debtors' voting and noticing agent
is Epiq Bankruptcy Solutions, LLC.

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.


LDK SOLAR: Hires Young Conaway as Co-counsel
--------------------------------------------
LDK Solar Systems, Inc. and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the District of
Delaware to employ Young Conaway Stargatt & Taylor, LLP as co-
counsel for the Debtors, nunc pro tunc to the Oct. 21, 2014
petition date.

The Debtors require Young Conaway to:

   (a) provide legal advice and services regarding local rules,
       practices, and procedures and providing substantive and
       strategic advice on how to accomplish the Debtors' goals in
       connection with the prosecution of these Chapter 11 Cases,
       bearing in mind that the Court relies on co-counsel such as
       Young Conaway to be involved in all aspects of each
       bankruptcy proceeding;

   (b) assist with the preparation of drafts of the petition
       packages and the various pleadings seeking "first day"
       relief filed with the Court on the Petition Date as
       co-counsel to the Debtors;

   (c) review, comment, and prepare drafts of all other documents
       to be filed with the Court as co-counsel to the Debtors;

   (d) appear in Court and at any meeting with the U.S. Trustee
       and any meeting of creditors at any given time on behalf of
       the Debtors as their co-counsel;

   (e) perform various services in connection with the
       administration of these Chapter 11 Cases, including,
       without limitation, (i) preparing agendas, certificates of
       no objection, certifications of counsel, notices of fee
       applications and hearings, and hearing binders of documents
       and pleadings, (ii) monitoring the docket for filings and
       coordinating with Sidley Austin LLP on pending matters that
       need responses, (iii) preparing and maintaining critical
       dates memoranda to monitor pending applications, motions,
       hearing dates, and other matters and the deadlines
       associated with the same, and (iv) handling inquiries and
       calls from creditors and counsel to interested parties
       regarding pending matters and the general status of these
       Chapter 11 Cases and coordinating with Sidley Austin LLP on
       any necessary responses; and

   (f) perform all other services assigned by the Debtors, in
       consultation with Sidley Austin LLP, to Young Conaway as
       co-counsel to the Debtors, and to the extent the Firm
       determines that such services fall outside of the scope of
       services historically or generally performed by Young
       Conaway as co-counsel in a bankruptcy proceeding, Young
       Conaway will file a supplemental declaration pursuant to
       Bankruptcy Rule 2014.

Young Conaway will be paid at these hourly rates:

       Robert S. Brady             $765
       Edmon L. Morton             $625
       Maris J. Kandestin          $430
       Ian J. Bambrick             $320
       Michelle Smith, paralegal   $200

Young Conaway will also be reimbursed for reasonable out-of-pocket
expenses incurred.

In accordance with the Engagement Agreement, Young Conaway
received a retainer in the amount of $50,000 (the "Initial
Retainer") on Feb. 24, 2014 in connection with the planning and
preparation of initial documents and its proposed postpetition
representation of the Debtors.  Additionally, on Sept. 3, 2014,
Young Conaway received an additional Retainer payment of $300,000
(the "Subsequent Retainer," and together with the Initial
Retainer, the "Retainer").  A part of the Retainer has been
applied to outstanding balances existing as of the Petition Date
and $262,572.42 remains, $25,000 of which is held on behalf of LDK
Solar Systems, Inc. as security for payment of chapter 11 expenses
and the remainder is held on behalf of LDK Parent as security for
payment of chapter 15 expenses.  The remainder will constitute a
general retainer as security for postpetition services and
expenses.

Robert S. Brady, a partner at Young Conaway, assured the Court
that the firm is a "disinterested person" as the term is defined
in Section 101(14) of the Bankruptcy Code and does not represent
any interest adverse to the Debtors and their estates.

The Court for the District of Delaware will hold a hearing on the
application on Nov. 21, 2014, at 2:00 p.m.  Objections, if any,
are due Nov. 14, 2014, at 4:00 p.m.

Young Conaway can be reached at:

       Robert S. Brady, Esq.
       YOUNG CONAWAY STARGATT & TAYLOR, LLP
       Rodney Square
       1000 North King Street
       Wilmington, DE 19801
       Tel: (302) 571-6690
       Fax: (302) 576-3283
       E-mail: rbrady@ycst.com

                        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.

LDK Solar in February 2014 filed in the Cayman Islands for the
appointment of provisional liquidators, four days before it was
due to make a $197 million bond repayment.  Its Joint
Provisional Liquidators are Tammy Fu and Eleanor Fisher, both of
Zolfo Cooper (Cayman) Limited, on Oct. 22.

In September 2014, LDK SOalr, LDK Silicon and LDK Silicon Holding
Co., Limited each applied to file an originating summons to
commence their restructuring proceedings in the High Court of Hong
Kong.

On Oct. 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 lead case is In re  LDK
Solar Systems, Inc. (Bankr. D. Del., Case No. 14-12384).

On Oct. 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.  The Chapter
15 case is In re LDK Solar CO., Ltd. (Bankr. D. Del., Case No. 14-
12387).

The U.S. Debtors' General Counsel is Jessica C.K. Boelter, Esq.,
at Sidley Austin LLP, in Chicago, Illinois.  The U.S. Debtors'
Delaware   counsel is Robert S. Brady, Esq., Maris J. Kandestin,
Esq., and Edmon L. Morton, Esq., at Young, Conaway, Stargatt &
Taylor, LLP, in Wilmington, Delaware.  The U.S. Debtors' financial
advisor is Jefferies LLC.  The Debtors' voting and noticing agent
is Epiq Bankruptcy Solutions, LLC.

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.


LIGHTSQUARED INC: Ergen Seeks to Halt Discovery in Harbinger Suit
-----------------------------------------------------------------
Joseph Checkler, writing for Daily Bankruptcy Review, reported
that Dish Network Corp. and Chairman Charlie Ergen want a judge to
halt discovery in the racketeering lawsuit brought by Philip
Falcone's Harbinger Capital Partners hedge fund firm over
LightSquared, saying the judge should first decide on Dish and Mr.
Ergen's bid to dismiss the suit.

According to the report, in a filing with the U.S. District Court
in Denver, lawyers for Dish and Mr. Ergen said Harbinger's
"burdensome" document requests and subpoena demands overlap with
similar information Harbinger has obtained in an ongoing
bankruptcy court fight with Mr. Ergen.  Plus, if LightSquared 's
current reorganization plan is approved, Mr. Ergen and Dish could
be absolved from lawsuits, the report related.

                     About LightSquared Inc.

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

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

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

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


LLRIG TWO: Names Beecher and Conniff as Attorney
------------------------------------------------
LLRIG Two, LLC seeks permission from the Hon. Brian Lynch of the
U.S. Bankruptcy Court for the Western District of Washington to
employ Beecher and Conniff as attorney.

The Debtor requires insolvency counsel to represent it with this
Chapter 11 case. Counsel will be expected to represent the Debtor
in all aspects of the reorganization case except for those tasks
that may be undertaken by special counsel appointed for that
purpose.

Since being retained Beecher and Conniff has performed the
following services:

   (a) met with principals of the Debtor and their counsel to
       analyze and discuss the Debtor's financial condition and
       issues, options, and strategies for reorganizing;

   (b) prepared and filed the Debtor's schedules and related
       documents, including statement of financial affairs and
       matters requiring disclosure;

   (c) reviewed and considered whether there were any executory
       contracts that need attention regarding assumption or
       rejection;

   (d) determined whether any cash collateral issues were present;

   (e) analyzed cash flows and banking relationships;

   (f) began drafting sale and professional application motions
       and notices;

   (g) analyzed removal procedures and issues after
       Stern/Marshall; and

   (h) advised clients on US Trustee guidelines and reporting
       requirements.

After filing, Beecher and Conniff will advise and perform services
related to the following:

   (a) advise and assure compliance with U.S. Trustee reporting
       Requirements;

   (b) conduct examinations of witnesses and related parties to
       aid in the administration of the case;

   (c) advise the Debtor regarding matters of bankruptcy law and
       Procedure;

   (d) represent the Debtor at meetings and hearings;

   (e) file and prosecute any motions or other pleadings relevant
       to the reorganization;

   (f) review claims, and, if appropriate, file objections to
       Claims;

   (g) assist the Debtor in the formulation of a Plan of
       Reorganization; and

   (h) take other such action as the Debtor requires during the
       case.

Beecher and Conniff will be paid at these hourly rates:

       William L. Beecher             $385

The Debtor has signed a Retainer Agreement and has paid the
attorney the sum of $25,000 of which $13,000 remains in trust
after consumption of $12,000 in pre-filing work.

The U.S. Trustee, Gail Brehm Geiger, objected to the appointment
of Beecher and Conniff as attorney indicating that the application
does not include information required by Local Rule 2014-1(a),
specifically the source of funds used to pay the referenced
retainer. No fee agreement is attached to the Application.  The
U.S. Trustee advised Mr. Beecher of these deficiencies by e-mail
on Oct. 28, 2014, and requested that the Application be revised
and resubmitted to the U.S. Trustee in accordance with Local Rule
2014- 1(b).  The Application was never resubmitted to the U.S.
Trustee, and the U.S. Trustee never provided Mr. Beecher with
written endorsement of the Application.

Beecher and Conniff can be reached at:

       William L. Beecher, Esq.
       LAW OFFICES OF BEECHER & CONNIFF
       1703-C Dock Street
       Tacoma, WA 98402
       Tel: (253) 627-0132
       Fax: (253) 572-3427

The counsel of the U.S. Trustee can be reached at:

       Sarah R. Flynn, Esq.
       Office of the United States Trustee
       700 Stewart Street, Suite 5103
       Seattle, WA 98101-1271
       Tel: (206) 553-2000
       Fax: (206) 553-2566

                           About LLRIG Two

Tacoma, Washington-based LLRIG Two, LLC -- aka Lost Lake Resort
LLC, and Lost Lake Development LLC -- sought protection under
Chapter 11 of the Bankruptcy Code on Oct. 20, 2014 (Case No. 14-
45610, Bankr. W.D. Wash.).  The case is assigned to Judge Brian D.
Lynch.

The Debtor is represented by William L Beecher, Esq., at Beecher &
Conniff, in Tacoma, Washington.

The Debtor disclosed total assets of $10.32 million and total
liabilities of $5.47 million.


MCCLATCHY CO: To Repurchase $459.5 Million Senior Notes
-------------------------------------------------------
The McClatchy Company entered into agreements with Chatham Asset
Management, LLC, and Leon G. Cooperman and Omega Charitable
Partners, L.P., to repurchase approximately $259.35 million in
aggregate principal amount of its 9.00% Senior Secured Notes due
2022 and approximately $150 million in aggregate principal amount
of its 5.75% Notes due 2017 (the 5.75% Notes) for a total amount
of $459.5 million in cash, plus accrued and unpaid interest.

According to a regulatory filing with the U.S. Securities and
Exchange Commission, the Transactions are subject to a condition
that no more than $95.5 million of the 9% Notes are submitted in
the Company's current asset purchase offer for the 9% Notes by
Nov. 12, 2014, the expiration date for the Offer.  If more than
$95.5 million of the 9% Notes are submitted in the Company's
current Offer, the amount of 9% Notes and 5.75% Notes subject to
repurchase in the Transactions will be reduced ratably for the
amount in excess of $95.5 million.

The Company anticipates that the closing of these repurchases will
occur on Nov. 13, 2014.

                    About The McClatchy Company

Sacramento, Cal.-based The McClatchy Company (NYSE: MNI)
-- http://www.mcclatchy.com/-- is the third largest newspaper
company in the United States, publishing 30 daily newspapers, 43
non-dailies, and direct marketing and direct mail operations.
McClatchy also operates leading local Web sites in each of its
markets which extend its audience reach.  The Web sites offer
users comprehensive news and information, advertising, e-commerce
and other services.  Together with its newspapers and direct
marketing products, these interactive operations make McClatchy
the leading local media company in each of its premium high growth
markets.  McClatchy-owned newspapers include The Miami Herald, The
Sacramento Bee, the Fort Worth Star-Telegram, The Kansas City
Star, The Charlotte Observer, and The News & Observer (Raleigh).

The Company reported net income of $18.80 million for the year
ended Dec. 29, 2013, as compared with a net loss of $144,000 for
the year ended Dec. 30, 2012.

The Company's balance sheet at June 29, 2014, showed $2.68 billion
in total assets, $2.36 billion in total liabilities and $318.93
million in stockholders' equity.

                           *     *     *

McClatchy carries a 'Caa1' corporate family rating from Moody's
Investors Service.  In May 2011, Moody's changed the rating
outlook from stable to positive following the company's
announcement that it closed on the sale of land in Miami for
$236 million.  The outlook change reflects Moody's expectation
that McClatchy will utilize the net proceeds to reduce debt,
including its underfunded pension position, which will reduce
leverage by approximately half a turn and lower required
contributions to the pension plan over the next few years.

McClatchy Co. carries a 'B-' Corporate Credit Rating from
Standard & Poor's Ratings Services.

As reported by the TCR on April 2, 2014, Standard & Poor's Ratings
Services affirmed all ratings on U.S. newspaper company The
McClatchy Co., including the 'B-' corporate credit rating, and
revised the rating outlook to stable from positive.  The outlook
revision to stable reflects S&P's expectation that the
timeframe for a potential upgrade lies beyond the next 12 months,
and could also depend on the company realizing value from its
digital minority interests.


MEDICURE INC: Dr. Albert D. Friesen to File Early Warning Report
----------------------------------------------------------------
Medicure Inc. reported that since March 1, 2013, Dr. Albert D.
Friesen has acquired 299,308 common shares which exceeds 2% of the
outstanding common shares of the Company.  This 2% reporting
threshold was reached on Nov. 4, 2014, with the acquisition of
150,408 common shares of Medicure representing approximately 1.22%
of the Company's outstanding common shares.  The shares, which are
still subject to approval of the TSX Venture Exchange, will be
issued by the Company at a deemed price of $1.98 per share in
order to settle outstanding fees payable to Dr. Friesen for past
services rendered to the Company up to July 11, 2014.  The
Settlement was approved by the disinterested shareholders of the
Company at its annual and special meeting of shareholders held on
Nov. 4, 2014.  Dr. Friesen may in the future acquire additional
shares in the Company, if deemed appropriate to do so in his sole
discretion.

Subject to TSXV approval of the Acquisition, Dr. Friesen owns or
exercises control over 2,443,955 common shares of Medicure,
representing approximately 19.68% of the Company's issued and
outstanding common shares.  Dr. Friesen also holds stock options
entitling him to purchase an aggregate of 516,500 common shares of
Medicure upon exercise of the options, bringing his total to
2,960,455 common shares or approximately 22.89% of Medicure's
issued and outstanding common shares on a partially diluted basis.

An Early Warning Report respecting the Acquisition will be filed
electronically on the Company's SEDAR profile and anyone wishing
to obtain a copy of the Report may contact Dawson Reimer at 888-
435-2220.

For more information, please contact:

         Dawson Reimer
         President & COO
         Tel. 888-435-2220
         Fax 204-488-9823
         E-mail: info@medicure.com
         http://www.medicure.com

To be added to Medicure's e-mail list, please visit:
http://www.medicure.com/news.html

                        About Medicure Inc.

Based in Winnipeg, Manitoba, Canada, Medicure Inc. (TSX/NEX:
MPH.H) -- http://www.medicure.com/-- is a biopharmaceutical
company engaged in the research, development and commercialization
of human therapeutics.  The Company has rights to the commercial
product, AGGRASTAT(R) Injection (tirofiban hydrochloride) in the
United States and its territories (Puerto Rico, U.S. Virgin
Islands, and Guam).  AGGRASTAT(R), a glycoprotein GP IIb/IIIa
receptor antagonist, is used for the treatment of acute coronary
syndrome (ACS) including unstable angina, which is characterized
by chest pain when one is at rest, and non-Q-wave myocardial
infarction.

Medicure Inc. reported a net loss of C$1.63 million for the year
ended May 31, 2014, compared to a net loss of C$2.57 million for
the year ended May 31, 2013.

As of Aug. 31, 2014, the Company had C$5.60 million in total
assets, C$9.92 million in total liabilities and a C$4.32 million
total deficiency.

Ernst & Young LLP, issued a "going concern" qualification on the
consolidated financial statements for the year ended May 31, 2014.
The independent auditors noted that Medicure Inc. has experienced
losses and has accumulated a deficit of $127,516,308 since
incorporation and has a working capital deficiency of $869,164 as
at May 31, 2014.  These conditions raise substantial doubt about
its ability to continue as a going concern.


MICROVISION INC: Posts $3.3 Million Net Loss in Third Quarter
-------------------------------------------------------------
MicroVision, Inc., reported a net loss of $3.35 million on
$968,000 of total revenue for the three months ended Sept. 30,
2014, compared to a net loss of $3.66 million on $964,000 of total
revenue for the same period in 2013.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of $14.77 million on $2.79 million of total revenue
compared to a net loss of $10.75 million on $4.63 million of total
revenue for the same period last year.

The Company's balance sheet at Sept. 30, 2014, showed $14.35
million in total assets, $4.64 million in total liabilities and
$9.70 million in total shareholders' equity.

The cash and cash equivalents at the end of the third quarter were
$10.9 million.  The cash balance includes net proceeds of $1.9
million attained during the third quarter under the $4.5 million
At-the-Market (ATM) equity offering facility announced in June.
MicroVision has raised a total in net proceeds of $2.8 million
under the ATM facility.

As of Sept. 30, 2014, the backlog was $2.1 million comprised
primarily of components orders announced in September 2014.  The
backlog does not include the $1.5 million in support services
announced in October 2014.

A full-text copy of the press release is available for free at:

                        http://is.gd/1E0B1P

                        About Microvision Inc.

Headquartered in Redmond, Washington, MicroVision, Inc. (NASDAQ:
MVIS) is the creator of PicoP(R) display technology, an ultra-
miniature laser projection solution for mobile consumer
electronics, automotive head-up displays and other applications.

MicroVision reported a net loss of $13.17 million in 2013, as
compared with a net loss of $22.69 million in 2012.

Moss Adams LLP, in Seattle, Washington, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has suffered recurring losses from operations and has
a net capital deficiency that raise substantial doubt about its
ability to continue as a going concern.


MINERAL PARK: Settles Dispute With Silver Wheaton, et al.
---------------------------------------------------------
A federal judge has approved a deal that would resolve a dispute
over Silver Wheaton (Caymans) Limited's interests in mineral
deposits found in a mine owned by Mineral Park Inc.

U.S. Bankruptcy Judge Kevin Carey on Nov. 4 approved a settlement
agreement under which Silver Wheaton will get an administrative
expense claim of $700,000 against the company.

Under the deal, proceeds from the sale of silver produced from the
mine that are held in reserve will be released to Mineral Park,
subject to the claims of Societe Generale and a group of lenders
which assert interests in the mineral deposits.

The parties also agreed to exchange mutual releases, according to
court filings.

A copy of the court order and the settlement agreement is
available without charge at http://is.gd/OGIyyr

                          About Mineral Park

Mineral Park, Inc., Bluefish Energy Corp. and two affiliates
commenced proceedings under Chapter 11 of the Bankruptcy Code in
Delaware on Aug. 25, 2014.  The cases are pending before the
Honorable Kevin J. Carey and are jointly administered under Case
No. 14-11996.

Mineral Park and its affiliated debtors are subsidiaries of
Mercator Minerals Ltd. ("MML"), a mineral resource company engaged
through various subsidiaries in the mining, exploration,
development and operation of its mineral properties in Mohave
County, Arizona, and Sonora, Mexico.

Mineral Park's principal asset is the Mineral Park Mine, a
producing copper-molybdenum mine located near Kingman, Arizona.
Bluefish is the owner and operator of the industrial gas turbine
power generator at the Mine.

British Columbia, Canada-based MML, which has shares trading on
the Toronto Stock Exchange under the trading symbol "ML", is not
included in the bankruptcy filing.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP as
counsel, Evercore Group LLC as investment banker, FTI Consulting,
Inc., as financial advisor, FTI's David J. Beckman as CRO, and
FTI's Paul Hansen as assistant CRO.  Prime Clerk LLC is the claims
and noticing agent.

The U.S. Trustee for Region 3 appointed three creditors of Mineral
Park, Inc. and its affiliates to serve on the official committee
of unsecured creditors.  The Committee selected Stinson Leonard
Street LLP and Hiller & Arban LLC as its counsel.

Mineral Park reported $286,362,131 in total assets and
$266,035,508 in total liabilities.



MJC AMERICA: Files Amended Schedule F Unsecured Nonpriority Claim
-----------------------------------------------------------------
MJC America Ltd. filed an amended schedule F - Creditors Holding
Unsecured Nonpriority Claims in the U.S. Bankruptcy Court for the
Central District of California.  A full-text copy of the amended
schedule is available for free at http://is.gd/XlHPAj

                      About MJC America

MJC America, Ltd., doing business as Soleus Air System --
http://www.soleusair.com/-- which sells Soleus-branded air
conditioners and heaters in the U.S., filed for Chapter 11
bankruptcy protection (Bankr. C.D. Cal. Case No. 13-39097) in Los
Angeles on Dec. 10, 2013.

The Debtor selected Law Offices of David A. Tilem ("TILEM") as its
general bankruptcy counsel.  Winston & Strawn LLP serves as
special litigation counsel.

MJC disclosed $14.0 million in total assets and $15.9 million
in liabilities in its schedules.  Accounts receivable of
$9.22 million and inventory of $4.12 million comprise most of
the assets.  East West Bank has a scheduled secured claim of
$2.1 million on a line of credit, and Hong Kong Gree Electric
Appliances Sales, Ltd., is owed $4.07 million, but only $288,000
is secured.


MJS LAS CROBAS: FDIC Not a Good Faith Lienholder, Court Says
------------------------------------------------------------
A Puerto Rico bankruptcy court denied the motion of the Federal
Deposit Insurance Corporation, as intervenor, for reconsideration
of an order denying summary judgment in relation to Iris Mendez's
claim in the bankruptcy case of MJS Las Croabas Properties, Inc.

The FDIC contended in its Motion for Reconsideration that (a) the
location of Unit CE-202 is legally irrelevant; (b) Plaintiff Iris
Mendez lacks title to Unit CE-202; and (c) as a matter of law, the
FDIC's has a secured claim, and the Plaintiff holds nothing more
than an unsecured claim.  The FDIC asserted that "the Plaintiff
does not have -- and never had -- a property right registered at
the Property Registry [and that] both Westernbank and now the FDIC
have been good faith lienholders.

In a Nov. 5, 2014 Opinion and Order available at
http://is.gd/WKb6kffrom Leagle.com, Bankruptcy Judge Enrique S.
Lamoute opined that neither Westernbank or FDIC can claim to be a
good faith lienholder under Puerto Rico's Mortgage Law with
respect to Lot No. 15,144.

"When Westernbank filed its Mortgage Deed at the Puerto Rico
Property Registry on January 30, 2007 . . . it knew or should have
known of the Defendant's prior obligation with the Plaintiff
because the Deed of Purchase for Lot No. 15,144 had been
previously filed on January 16, 2007 . . . which "expresses [that
the Plaintiff] will be paid by assigning the seller an apartment
in the future development to be constru[ct]ed". . . .  In simple
words, Westernank's mortgage on Lot No. 15,144 is subject to the
prior obligations registered at the Property Registry," the judge
held.

Accordingly, Judge Lamoute denied FDIC's Motion for
Reconsideration.

The case is In Re MJS LAS CROABAS PROPERTIES, INC., Chapter 11,
Debtor. IRIS M. MENDEZ Plaintiff, v. MJS LAS CROABAS PROPERTIES,
INC. Defendant. FEDERAL DEPOSIT INSURANCE CORP. Intervenor, LEAD
CASE NO. 12-5710 (ESL), ADV. PROC. NO. 13-00005 (ESL), (Bankr.
P.R.)

                       About MJS Las Croabas

MJS Las Croabas Properties, Inc., is a real estate company formed
in 2004 for the purpose of purchasing real property and
constructing residential units for marketing and resale to third
parties in a development located in Fajardo, Puerto Rico.  The
company filed for Chapter 11 protection (Bankr. D.P.R. Case No.
12-05710) on July 19, 2012.


MOLYCORP INC: Incurs $105.2 Million Net Loss in Third Quarter
-------------------------------------------------------------
Molycorp, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to the Company's stockholders of $105.17 million on
$123.93 million of revenues for the three months ended Sept. 30,
2014, compared to a net loss attributable to the Company's
stockholders of $69.92 million on $149.06 million of revenues for
the same period last year.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss attributable to the Company's stockholders of $275.14
million on $359.36 million of revenues compared to a net loss
attributable to the Company's stockholders of $180.07 million on
$430.58 million of revenues for the same period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed $2.96
billion in total assets, $1.83 billion in total liabilities and
$1.12 billion in total stockholders' equity.

The Company's Chemicals and Oxides segment sold 1,651 mt and
reported $43.5 million in revenues.  The slight sequential
increase in volume was offset by lower ASP of $26.33/kg. due to a
less favorable product mix.

Its Magnetic Materials and Alloys segment sold 1,516 mt of
magnetic powders and reported third quarter revenues of $62.7
million on ASP of $40.42/kg.  This compares to second quarter
revenues of $54.4 million on an ASP of $39.31/kg. for the segment.
Finally, Molycorp's Rare Metals segment reported sales volume of
104 mt on revenues of $21.3 million.  ASP for the segment was
$204.51/kg. Second quarter revenues were $15.9 million on ASP of
$201.81/kg.

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

                       http://is.gd/w13iP6

                         About Molycorp

Molycorp -- http://www.molycorp.com-- produces a wide variety of
specialized products from 13 different rare earths (lights, mids
and heavies), the transition metal yttrium, and five rare metals
(gallium, indium, rhenium, tantalum and niobium). With 26
locations across 11 countries, Molycorp also produces rare earth
magnetic materials through its Molycorp Magnequench subsidiary,
including neodymium-iron-boron ("NdFeB") magnet powders, used to
manufacture bonded NdFeB permanent rare earth magnets. Through its
joint venture with Daido Steel and the Mitsubishi Corporation,
Molycorp manufactures next-generation, sintered NdFeB permanent
rare earth magnets.  The Company also markets and sells a line of
rare earth-based water treatment products.

                            *   *    *

As reported by the TCR on June 23, 2014, Moody's Investors Service
downgraded the corporate family rating (CFR) of Molycorp, Inc. to
Caa2 from Caa1.  The downgrade reflects continued weakness in rare
earths pricing environment, ongoing negative free cash flows, weak
liquidity and high leverage.

In July, 2014, Standard & Poor's Rating Services lowered its
corporate credit rating on Greenwood Village, Colo.-based Molycorp
Inc. to 'CCC' from 'CCC+.  The downgrade reflects S&P's view of
the company's deteriorating liquidity position.


MUD KING: Disclosure Statement Hearing Moved Further to Dec. 8
--------------------------------------------------------------
Bankruptcy Judge Karen Brown has further cancelled the Oct. 23
hearing on the approval of Mud King Products, Inc.'s Disclosure
Statement describing its Chapter 11 Plan.  The new hearing is now
scheduled for Dec. 8, 2014, at 2:00 p.m. in Courtroom #403, 515
Rusk Avenue, Houston, Texas 77002.

Furthermore, the judge ruled that the exclusivity period under
which the Debtor may solicit and obtain acceptances of its plan is
extended for a period of 45 days after the continued hearing on
approval of the Disclosure Statement.

Judge Brown entered the ruling to address the Debtor's Third
Emergency Motion for (i) a continuance of the Disclosure Statement
Hearing and (ii) an extension of its Exclusivity Period to confirm
a plan and solicit votes on that plan.

In its Third Emergency Motion, the Debtor related that its current
exclusivity period to confirm a plan expires on Nov. 22, 2014.
The Debtor further pointed that it must amend its plan and
disclosure statement to reflect the Court's July 17, 2014 ruling
on the allowance of National Oilwell Varco, LP's claim, along with
any award of attorneys' fees, if any.  And after the Disclosure
Statement is approved, sufficient notice must be provided to
creditors of confirmation and voting, the Debtor added.  Given
these circumstances, the Debtor said it will be unable to proceed
with approval of its disclosure statement on Oct. 23 or confirm
its Chapter 11 Plan prior to the expiration of the current Nov. 22
exclusivity period deadline.

                       About Mud King Products

Mud King Products, Inc., filed a Chapter 11 petition (Bank. S.D.
Tex. Case No. 13-32101) on April 5, 2013.  The petition was signed
by Erich Mundinger as vice president.  The Debtor disclosed
$18,959,158 in assets and $3,351,216 in liabilities as of the
Chapter 11 filing.  Annie E Catmull, Esq., Melissa Anne Haselden,
Esq., Mazelle Sara Krasoff, Esq., and Edward L Rothberg, Esq., at
Hoover Slovacek, LLP, represent the Debtor in its restructuring
effort.  Judge Karen K. Brown presides over the case.

The U.S. Trustee was unable to appoint an official committee of
unsecured creditor.

                            *   *   *

On July 1, 2014, the Debtor filed its Chapter 11 Plan and
Disclosure Statement.  The Plan provides that Allowed General
Unsecured Claims of greater than $50,000 will receive a pro rata
share of equal quarterly payments for a period of twenty quarters
until such claims are paid in full, with simple interest at the
rate of 5% per annum accruing from the Effective Date.  The Court
has yet to approve the Disclosure Statement describing the Plan.


NATROL INC: Has Approval to Sell Assets to Aurobindo for $132.5MM
-----------------------------------------------------------------
Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware issued an order authorizing Natrol Inc. and
its debtor affiliates to sell substantially all of its assets to
Aurobindo Pharma USA Inc.

According to Peg Brickley, writing for The Wall Street Journal,
Aurobindo offered $132.5 million for the vitamin and supplement
maker.  Bill Rochelle and Sherri Toub, bankruptcy columnists for
Bloomberg News, reported that Natrol held a robust auction on
Nov. 10, with an opening bid of $84 million from an affiliate of
ICV Partners LLC.  The price rose 58% during the auction with
Aurobindo's $132.5 million, the Bloomberg report said.

                        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.


NAVISTAR INTERNATIONAL: Chief Operating Officer to Retire
---------------------------------------------------------
Navistar, Inc., disclosed it is restructuring its senior
leadership team by giving three executives additional
responsibilities.  The company also announced that Jack Allen, 56,
the company's executive vice president and chief operating officer
(COO) since April 2013, is retiring after more than 33 years of
service to the company.

"Today is a new beginning for Navistar," said Troy Clarke,
Navistar president and CEO.  "We are introducing a new leadership
team and organization structure that will guide us into the future
and enable us to accelerate our performance now that our
turnaround is behind us."

Bill Kozek, 52, president of North America Truck and Parts, has
been promoted to president, Truck and Parts, and is adding
global/export truck and parts sales, product planning and Navistar
Defense to his current responsibilities.  Persio Lisboa, 49,
senior vice president and chief procurement officer, has been
promoted to president, Operations, and is now also responsible for
product development, manufacturing, and global businesses.  Walter
Borst, 52, executive vice president and chief financial officer,
is adding business development, mergers and acquisitions, and
corporate strategic planning responsibilities to his portfolio.

"We're a different company -- a better performing company -- than
we were two years ago," said Clarke.  "We've streamlined the
organization, focused our efforts on functional excellence and
implemented lean operating principles throughout the company.
This new structure will build on those efforts and allow us to
grow profitable market share as we more effectively plan, design,
build and sell our vehicles, parts and services and deliver
industry-leading uptime for our customers."

These leadership and structural changes are effective immediately.

"Jack has been an important leader at this company for more than
three decades, and he played a critical role during our turnaround
these past two years," Clarke added.  "Now, we are counting on
these three talented and energetic leaders to work with me and the
rest of the organization to drive Navistar forward on its path to
profitable growth."

Walter Borst joined Navistar in August 2013 from General Motors
Company, where he most recently was the chairman, chief executive
officer and president of GM Asset Management, responsible for
managing approximately $85 billion in assets.  Previously, Borst
was vice president and treasurer at GM from 2003 to 2010.  He also
served as CFO of Adam Opel AG in Ruesselsheim, Germany from 2000-
2002.  Prior to that time, he served in various treasury,
controller, and financial operating capacities at GM.

Bill Kozek joined Navistar in May 2013 after more than 26 years
with PACCAR, where he most recently served as vice president and
general manager of the Peterbilt division, responsible for all
aspects of Peterbilt's U.S. and Canadian operations.  Before
serving as vice president and general manager of PACCAR'S Kenworth
division, Kozek served in roles of increasing responsibility in
Kenworth's sales, parts and finance operations.

Persio V. Lisboa joined the company in 1988 in the marketing area
of Maxion International Motores Brasil.  Prior to roles in
procurement, Lisboa served as vice president and general manager
in the company's engine group, as well as several other leadership
positions in South America such as president of the Argentina
subsidiary and vice president of sales and marketing for
Navistar's engine group in Brazil.

                    About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.Navistar.com/-- is a holding company whose
subsidiaries and affiliates subsidiaries produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label
designer and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

Navistar International reported a net loss attributable to the
Company of $898 million for the year ended Oct. 31, 2013,
following a net loss attributable to the Company of $3.01 billion
for the year ended Oct. 31, 2012.

The Company's balance sheet at July 31, 2014, showed $7.70 billion
in total assets, $11.74 billion in total liabilities and a $4.04
billion total stockholders' deficit.

                          *     *     *

In the Oct. 9, 2013, edition of the TCR, Moody's Investors Service
affirmed the ratings of Navistar International Corporation,
including the B3 Corporate Family Rating (CFR).  The ratings
reflect Moody's expectation that Navistar's successful
incorporation of Cummins engines throughout its product line up
will enable the company to regain lost market share, and that
progress in addressing component failures in 2010 vintage-engines
will significantly reduce warranty expenses.

As reported by the TCR on Oct. 9, 2013, Standard & Poor's Ratings
Services lowered its long-term corporate credit rating on
Illinois-based truckmaker Navistar International Corp. (NAV) to
'CCC+' from 'B-'.  "The rating downgrades reflect our increased
skepticism regarding NAV's prospects for achieving the market
shares it needs for a successful business turnaround," said credit
analyst Sol Samson.

In January 2013, Fitch Ratings affirmed the Issuer Default Ratings
(IDR) for Navistar International Corporation and Navistar
Financial Corporation at 'CCC' and removed the Negative Outlook on
the ratings.  The removal reflects Fitch's view that immediate
concerns about liquidity have lessened, although liquidity remains
an important rating consideration as NAV implements its selective
catalytic reduction (SCR) engine strategy.  Other rating concerns
are already incorporated in the 'CCC' rating.


NEW BRANCHES CHARTER: S&P Lowers Rating on Revenue Bonds to 'BB-'
-----------------------------------------------------------------
Standard & Poor's Ratings Services has lowered its long-term
rating on Michigan Public Educational Facilities Authority's
series 2010 limited-obligation revenue bonds, issued for New
Branches Charter Academy, to 'BB-' from 'BB+'.  The outlook is
negative.

"The downgrade reflects our view of school's weakening operations,
insufficient debt service coverage, and extremely limited cash
position," said Standard & Poor's credit analyst Laura Kuffler-
Macdonald.  Per management, in Dec. 2013, the school hired a new
principal.  This changed caused one-time financial expenses in
fiscal 2014.  Per the unaudited report, fiscal 2014 ended with an
operating deficit of $342,000 resulting in insufficient annual DSC
of 0.7x, according to S&P's calculations.  However, school
officials report New Branches still complies with its 2010 bond
covenants.

In addition, the school has experienced a flat demand profile,
with total enrollment in fall 2014 at 370.  "Given the school's
lack of waitlist, we expect enrollment growth, and resulting
financial improvement, will take time," Ms. Kuffler-Macdonald
added.

Initially chartered in 1994, New Branches is in Grand Rapids,
Mich., and serves 370 students in kindergarten through eighth
grade.  In 2014, the school changed its name from New Branches
School to New Branches Charter Academy.

The negative outlook reflects S&P's view of the school's
insufficient debt service coverage (DSC) and weak operations in
recent years, and very low liquidity position.  The outlook
further reflects the school's limited demand flexibility, which
the lack of waitlist reflects.

S&P could take a negative rating action if the school's demand
profile continues to weaken, resulting in significant operating
deficits and continuation of DSC of less than 1x, or if the
liquidity position does not improve.  S&P do not expect to take a
positive rating action during the one-year outlook period;
however, S&P would consider an outlook revision to stable if the
school stabilizes enrollment, posts positive operations, improves
liquidity, and generates at least 1x DSC.


NII HOLDINGS: Amends Schedules of Assets and Liabilities
--------------------------------------------------------
NII Holdings, Inc., filed an amended schedules of assets and
liabilities in the U.S. Bankruptcy Court for the Southern District
of New York, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property        $1,216,071,340
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                        $0
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                    $3,068,103,749
                              --------------   --------------
        Total                 $1,216,071,340   $3,068,103,749

NII Holdings said it initially filed its schedules on Oct. 15,
2014.  This amendment to original schedule F reflects a correction
to the amount of certain unsecured claims as of the petition date.
For ease of review, NII Holdings has re-filed only those entries
on original schedule F that have been modified.

A full-text copy of the schedules is available for free
at http://is.gd/BGjqUN

                         About NII Holdings

NII Holdings Inc. through its subsidiaries provides wireless
communication services for businesses and consumers in Brazil,
Mexico and Argentina.  NII Holdings has the exclusive right to use
the Nextel brand in its markets pursuant to a trademark license
agreement with Sprint Corporation and offers unique push-to-talk
("PTT") services associated with the Nextel brand in Latin
America.  NII Holdings' shares of common stock, par value $0.001,
are publicly traded under the symbol NIHD on the NASDAQ Global
Select Market.

NII Holdings and its affiliated debtors sought bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-12611) in Manhattan
on Sept. 15, 2014.  The Debtors' cases are jointly administered
and are assigned to Judge Shelley C. Chapman.

The Debtors have tapped Jones Day as counsel and Prime Clerk LLC
as claims and noticing agent.

The U.S. Trustee for Region 2 on Sept. 29 appointed five creditors
of NII Holdings to serve on the official committee of unsecured
creditors.


NII HOLDINGS: US Trustee Amends Unsecured Committee Members
-----------------------------------------------------------
William K. Harrington, the U.S. Trustee for Region 2, amended the
membership of the Official Committee of Unsecured Creditors for
the Chapter 11 bankruptcy cases of NII Holdings Inc. and its
debtor-affiliates

The new members of the Committee:

     (1) Wilmington Trust, National Association
         50 South Sixth Street, Suite 1290
         Minneapolis, MN 54402
         Attention: Peter Finkel, Vice President
         Tel: (612) 217-5629
         Fax: (612) 217-5651

     (2) Capital Research and Management Company
         630 Fifth Avenue, 36th Floor
         New York, NY 10111-0121
         Attention: David Daigle
         Tel: (212) 581-5000

     (3) Aurelius Investment, LLC
         c/o Aurelius Capital Management, LP
         535 Madison Avenue ? 22nd Floor
         New York, New York 10022
         Attention: Dan Gropper
         Tel: (646) 445-6570
         Fax: (212) 786-5870

     (4) Wilmington Savings Fund Society, FSB
         500 Delaware Avenue
         Wilmington, DE 19801
         Attention: Patrick Healy, Vice President
         Tel: (302) 888-7420
         Fax: (302) 421-3137

     (5) American Tower do Brasil-Cessao de Infraestructuras LTDA
         1000 N.W. 57th Court, Suite 350
         Miami, FL 33126
         Attention: Susanne M. Kandel, General Counsel
                    Latin America
         Tel: (617) 585-7752
         Fax: (617) 363-7575

     (6) Motorola Mobility LLC
         222 West Merchandise Mart Plaza, Suite 1800
         Chicago, IL 60654
         Attention: Venkata Tayi, Vice President and
                      General  Manager
                    Michael Willian, Lead Business Development
                      Counsel
         Tel: (312) 215-5780
         Fax: (312) 291-4033

     (7) U.S. Bank, National Association
         1420 Fifth Avenue, 7th Floor
         Seattle, WA 98101
         Attention: Diana Jacobs, Vice President
         Tel: (206) 344-4680
         Fax: (206) 344-4632

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and
financial affairs.  Importantly, official committees serve as
fiduciaries to the general population of creditors they
represent.

                         About NII Holdings

NII Holdings Inc. through its subsidiaries provides wireless
communication services for businesses and consumers in Brazil,
Mexico and Argentina.  NII Holdings has the exclusive right to use
the Nextel brand in its markets pursuant to a trademark license
agreement with Sprint Corporation and offers unique push-to-talk
("PTT") services associated with the Nextel brand in Latin
America.  NII Holdings' shares of common stock, par value $0.001,
are publicly traded under the symbol NIHD on the NASDAQ Global
Select Market.

NII Holdings and its affiliated debtors sought bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-12611) in Manhattan
on Sept. 15, 2014.  The Debtors' cases are jointly administered
and are assigned to Judge Shelley C. Chapman.

The Debtors have tapped Jones Day as counsel and Prime Clerk LLC
as claims and noticing agent.

The U.S. Trustee for Region 2 on Sept. 29 appointed five creditors
of NII Holdings to serve on the official committee of unsecured
creditors.  The Committee selected Kramer Levin Naftalis & Frankel
LLP as its lead counsel.


NII HOLDINGS: Hires McKinsey Recovery as Turnaround Advisor
-----------------------------------------------------------
NII Holdings Inc. and its debtor affiliates won approval to employ
McKinsey Recovery & Transformation Services U.S., LLC, as their
turnaround advisor nunc pro tunc to Oct. 23, 2014.

Aa turnaround advisor, the Debtors expect McKinsey Recovery to
assist them with the development and refinement of their 5-year
strategic business plan.  The Debtors anticipate McKinsey Recovery
to:

   a. work closely with them and their advisors to prepare
      supplemental materials and strategic advice to support
      potential discussions with key stakeholders relating to the
      Business Plan, operational turnaround and the chapter 11
      restructuring;

   b. assist them with updates to their Business Plan, as
      applicable; and

   c. if requested, work with them and their advisors to provide
      expert testimony relating to the Business Plan that may be
      required in their Chapter 11 cases, including but not
      limited to, expert witness testimony in support of the
      confirmation of a plan of reorganization.

The Debtors propose to pay for McKinsey Recovery's services
according to the Firm's standard rates, which are:

    Title of Professional                Hourly Rate
    ---------------------                -----------
    Practice Leader                      $875 to $1,050
    Executive Vice President             $810 to $875
    Senior Vice President                $675 to $810
    Vice President                       $525 to $675
    Senior Associate                     $435 to $525
    Associate                            $375 to $435
    Analyst                              $250 to $350
    Paraprofessional                     $200 to $225

The Debtors also propose to reimburse the Firm's reasonable and
necessary out-of-pocket expenses in connection with the
engagement.

Pursuant to the Prepetition Engagement Letter, McKinsey Recovery
received a $250,000 retainer in connection with the Firm's
prepetition work.  The Firm has also drawn a total of $103,015
under the Retainer for services rendered and expenses incurred
prior to the Petition Date.  Any remaining amounts of the
Prepetition Retainer after reconciliation with the Firm's
outstanding prepetition fees and expenses will be applied as a
credit toward postpetition fees and expenses, after such
postpetition fees and expenses are approved pursuant to the first
order of the Court awarding fees and expenses to McKinsey
Recovery.

Kevin Carmody, a Practice Leader of McKinsey Recovery, assures the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

Hearing on the McKinsey Application will be held before Bankruptcy
Judge Shelley C. Chapman at 10:00 a.m. on November 13, 2014, at
One Bowling Green, Courtroom No. 623, New York.

                       About NII Holdings

NII Holdings Inc. through its subsidiaries provides wireless
communication services for businesses and consumers in Brazil,
Mexico and Argentina.  NII Holdings has the exclusive right to use
the Nextel brand in its markets pursuant to a trademark license
agreement with Sprint Corporation and offers unique push-to-talk
("PTT") services associated with the Nextel brand in Latin
America.  NII Holdings' shares of common stock, par value $0.001,
are publicly traded under the symbol NIHD on the NASDAQ Global
Select Market.

NII Holdings and its affiliated debtors sought bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-12611) in Manhattan
on Sept. 15, 2014.  The Debtors' cases are jointly administered
and are assigned to Judge Shelley C. Chapman.

The Debtors have tapped Jones Day as counsel and Prime Clerk LLC
as claims and noticing agent.

The U.S. Trustee for Region 2 on Sept. 29 appointed five creditors
of NII Holdings to serve on the official committee of unsecured
creditors.  Kramer Levin Naftalis & Frankel LLP serves as lead
counsel to the Creditors Committee, while FTI Consulting, Inc.,
acts its financial advisor.


NII HOLDINGS: Taps Ernst & Young for Accounting Services
--------------------------------------------------------
NII Holdings Inc. and its debtor affiliates won approval from the
U.S. Bankruptcy Court for the Southern District of New York to
employ Ernst & Young LLP to provide certain valuation and
accounting services nunc pro tunc to the Petition Date.

The Debtors require EY LLP these services:

I. Valuation Services

    (a) Provide a recommendation of the fair value of certain
        tangible and intangible assets of NII Brazil, NII Mexico,
        NII Argentina and the Debtors' U.S. operations, and
        deferred revenue liability related to NII Brazil, NII
        Mexico and NII Argentina as well as the valuation of the
        business enterprise value of NII Brazil, NII Mexico and
        NII Argentina reporting units in order to allocate the
        overall reorganization value between such reporting units.

    (b) Perform interviews with senior management of NII
        concerning the nature of certain tangible and intangible
        assets, liability and reporting units and operations;

    (c) Consider any business plans, future performance estimates
        or budgets for NII;

    (d) Prepare a valuation analysis of personal property at NII
        Brazil, NII Mexico, NII Argentina and the NII headquarters
        in the United States;

    (e) Prepare a valuation analysis of tower financing
        obligations for approximately 1,300 towers transferred by
        NII Brazil and NII Mexico between 2002 and 2008;

    (f) Prepare a valuation analysis of real property at NII
        Brazil, NII Mexico and NII Argentina;

    (g) Prepare a valuation analysis of NII's intangible assets;

    (h) Prepare a valuation analysis of NII Brazil, NII Mexico,
        NII Argentina and their deferred revenue liability; and

    (i) Prepare a narrative report summarizing the methodologies
        employed in the EY LLP valuation analysis, the assumptions
        on which the EY LLP analysis was based and EY LLP's
        recommendations of fair value.

II. Fresh Start Accounting Services

     (a) Assist with accounting and reporting issues related to
         the bankruptcy filing;

     (b) Assist with the preparation of the fresh-start accounting
         required work steps, including project management support
         and resource needs;

     (c) Assist with the preparation of an overall fresh-start
         accounting project timeline;

     (d) Assist with the technical fresh-start accounting and
         reporting requirements, including the identification of
         accounts impacted by fresh-start accounting and the fresh
         start reporting date; including providing examples of
         fresh-start accounting disclosures, publications or
         examples of the application of fresh-start accounting, or
         other information that may assist management
         with the application of fresh-start accounting;

     (e) Based on the valuation studies and appraisals, assist
         with the fresh-start accounting adjustments, including
         system needs and recording of entries to the ledgers and
         sub-ledgers;

     (f) Assist the Debtors with regard to the income tax
         accounting impacts stemming from fresh start accounting
         and effects of a plan of reorganization; and

     (g) Assist the Debtors with the subsequent accounting for the
         fresh-start accounting adjustments.

EY LLP may also provide certain specified additional services --
the Optional Services.

The Debtors propose to pay for EY LLP's services on agreed hourly
rates, which are:

       Professional Level                Hourly Rate
       ------------------                -----------
       Partner/Principal                     $565
       Executive Director                    $480
       Senior Manager                        $460
       Manager                               $368
       Senior Associate                      $263
       Staff                                 $170

The Debtors said it is not possible at this time to estimate the
number of professional hours required for EY LLP's services.
However, pursuant to the Engagement Letters, the Debtors agree to
pay EY LLP no more than $650,000 for the Valuation Services, which
includes potential incremental fees of $35,000 to $55,000 for
Optional Services.  This estimate of fees does not cover
additional time that may be incurred should the Debtors fail to
emerge from bankruptcy in a timely manner and should EY LLP be
required to update EY LLP's valuation report.  In addition, this
estimate of fees does not apply to the Fresh Start Accounting
Services.

The Debtors will reimburse EY LLP for any direct expenses incurred
in connection with the Firm's retention in their Chapter 11 cases
and the performance of the contemplated services.

EY LLP is owed $32,706 by the Debtors with respect services
provided by the Firm prior to the Petition Date.  Upon approval of
its retention in these cases, EY LLP will waive its right to
receive any unpaid prepetition fees owed by the Debtors.

The Debtors further disclose that during the 90 days immediately
preceding the Petition Date, they paid to EY LLP amounts totaling
$54,244.

Robert J. Stall, a principal at E&Y LLP, assures the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code.

                       About NII Holdings

NII Holdings Inc. through its subsidiaries provides wireless
communication services for businesses and consumers in Brazil,
Mexico and Argentina.  NII Holdings has the exclusive right to use
the Nextel brand in its markets pursuant to a trademark license
agreement with Sprint Corporation and offers unique push-to-talk
("PTT") services associated with the Nextel brand in Latin
America.  NII Holdings' shares of common stock, par value $0.001,
are publicly traded under the symbol NIHD on the NASDAQ Global
Select Market.

NII Holdings and its affiliated debtors sought bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-12611) in Manhattan
on Sept. 15, 2014.  The Debtors' cases are jointly administered
and are assigned to Judge Shelley C. Chapman.

The Debtors have tapped Jones Day as counsel and Prime Clerk LLC
as claims and noticing agent.

The U.S. Trustee for Region 2 on Sept. 29 appointed five creditors
of NII Holdings to serve on the official committee of unsecured
creditors.  Kramer Levin Naftalis & Frankel LLP serves as lead
counsel to the Creditors Committee, while FTI Consulting, Inc.,
acts its financial advisor.


NNN SIENNA: Hearing on Reorganization Plan Today
------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing today, Nov. 13,
2014, to consider approval of the Plan of Reorganization proposed
by NNN Siena Office Park I 41, LLC, et al., dated June 19, 2014.

The Plan encompasses 28 voluntary bankruptcy petitions filed by
tenants in common (TIC) that own certain undivided interests in
that certain commercial real property situated at 861 Coronado
Center Drive and 2850 W. Horizon Ridge Parkway, Henderson, Nevada
( the property).

The Debtors propose under the Plan the consolidation of all
interests in the property into a single limited liability company,
which company will own a 100% ownership interest in the property
and to contribute, or to cause to be contributed from a third
party investor, the sum of $3,294,850 in new value for the purpose
of paying administrative expenses and Plan obligations, including
the pay down of $1,000,000 against the Allowed Secured Claim of
lender, and to recapitalize the property, thence to pay the
postpetition and post confirmation operating expenses of the
property from the gross rental income of the property.

The Debtors will continue to prosecute the state court litigation,
entitled NNN Siena Office Park I 2, LLC et al. v. Wachovia Bank
Nat'l Assn., et al., devoting the net proceeds thereof after
payment of attorney's fees and costs incurred therein, to reduce
debt and pay operating expenses.

If the lender does not make an election under Section 1111(b) of
the Bankruptcy Code, the Debtors will sell or refinance the
property on or before either the tenth (10th) anniversary date of
the Effective Date, and if lender does timely file an election,
Debtors will sell or refinance the property on or before the 15th
anniversary date of the Effective Date, paying the amount of the
Plan percentage of all Allowed Claims that remain then unpaid from
the closing of escrow.

A copy of the Plan is available for free at

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

                 About NNN Siena Office Park I 41

NNN Siena Office Park I 41, LLC, together with 30 other
affiliates, filed a Chapter 11 bankruptcy petition (Bankr. N.D.
Cal. Case No. 14-40668) on Feb. 19, 2014.  Judge M. Elaine Hammond
oversees the Debtor's Chapter 11 case.  The petition was signed by
Mubeen Aliniazee, manager and responsible individual.  The Debtor
disclosed unknown assets and $28,775,667 liabilities as of the
Chapter 11 filing.


NORTEL NETWORKS: Continues to Burn Cash Despite Not Operating
-------------------------------------------------------------
Peg Brickley, writing for The Wall Street Journal, reported that
court documents filed in the U.S. Bankruptcy Court for the
District of Delaware shows that Nortel Networks Corp.'s U.S. unit
spent $169 million on its bankruptcy case in the first nine months
of this year despite not operating for business in years.

According to the Journal, court papers show that Nortel Canada had
approximately $143.6 million available cash as of Sept. 13, down
from down from $226 million as of Jan. 18, while Nortel U.S. had
cash of $827 million at the close of 2013, but only had $658
million by the end of September.

                      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.


ORECK CORP: KWG Advertising Objects to Confirmation of Plan
-----------------------------------------------------------
Karlen Williams Graybill Advertising Inc. ("KWG") has filed a
limited objection to confirmation of the Amended Joint Plan of
Liquidation Pursuant to Chapter 11 of the Bankruptcy Code Proposed
by the Oreck Corporationi and Official Committee of Unsecured
Creditors.

KWG objects to the confirmation of the Amended Plan to the extent
that the Proponents have not provided any indication as to the
proposed treatment and allowed amount of KWG's administrative
claim and whether KWG's administrative claim will be paid as a
condition and requirement of confirmation or the full amount of
KWG's administrative claim will be reserved pending resolution of
that claim.

The Amended Disclosure Statement provides that with respect to
administrative expense claims against the Debtor, the estimated
amount of allowed claims is $0.  The Amended Disclosure Statement
as currently drafted does not take into account KWG's $663,597.45
administrative claim.  Instead, the Disclosure Statement reflects
the Proponents' acknowledgement of KWG's assertion of its
administrative claim and their agreement to preserve the parties'
right with respect to KWG's asserted administrative claim and in
connection with confirmation of the Amended Plan.

Pursuant to the Committee's request, KWG provided invoices
supporting KWG's administrative claim.  At this time, the
Proponents have not provided KWG with any indication as to how
KWG's administrative claim will be treated and the allowed amount
of that claim prior to confirmation of the Amended Plan.

KWG, therefore, objects to the confirmation of the Amended Plan
insofar as the Amended Plan fails to account for KWG's
administrative claim in its estimated allowed amount of
administrative claims against the Debtor.  KWG requests that the
Confirmation Order include language indicating that the full
amount of KWG's administrative claim will be reserved pending
resolution of the claim and that resolution of KWG's
administrative claim will have a material impact on distributions
to holders of allowed claims against the Debtor.

KWG is represented by:

         John C. Hayworth, Esq.
         Walker Tipps & Malone PLC
         150 Fourth Avenue North, 2300 One Nashville Place
         Nashville, Tennessee 37219
         Tel: (615) 313-6000
         Fax: (615) 313-6001
         E-mail: jhayworth@walkertipps.com

                        About Oreck Corp.

Oreck Corporation and eight affiliates sought Chapter 11
protection (Bankr. M.D. Tenn. Lead Case No. 13-04006) in
Nashville, Tennessee, on May 6, 2013, with plans to sell the
business as a going concern.

Oreck has been in the business of manufacturing, marketing and
selling vacuum cleaners and related products since the late 1960s.
The corporate offices are located in Nashville, and the
manufacturing and call center is located in Cookeville, Tennessee.

Oreck has 70 employees in Nashville, 250 employees at its plant in
Cookeville and 325 employees operating 96 company-owned and
managed retail stores.  The Debtor disclosed $18,013,249 in assets
and $14,932,841 plus an unknown amount in liabilities as of the
Chapter 11 filing.

William L. Norton III, Esq., and Alexandra E. Dugan, Esq., at
Bradley Arant Boult Cummings LLP, serve as counsel to the Debtor.
BMC Group Inc. is the claims and notice agent.  Sawaya Segalas &
Co., LLC serves as financial advisor.

The U.S. Trustee appointed six creditors to the Official Committee
of Unsecured Creditors.  Daniel H. Puryear, Esq., at Puryear Law
Group, and Sharon L. Levine, Esq., and Kenneth A. Rosen, Esq., at
Lowenstein Sandler LLP represent the Committee.  The Committee
tapped to retain Gavin/Solmonese LLC as its financial advisor.

In July 2013, Royal Appliance Mfg. Co. (RAM), a subsidiary of the
TTI Group, finalized the purchase of Oreck Corp.'s assets.  The
Bankruptcy Court approved the sale on July 16, 2013.

Royal, the maker of Dirt Devil floor-care products, won the
auction for Oreck Corp.  The second-place bidder was the Oreck
family, which sold the business in a $272 million transaction in
2003.  The Oreck family made the first bid at auction at
$21.9 million, including $14.5 million cash.

The terms of Royal's winning bid weren't disclosed publicly,
according to a Bloomberg News report.  Royal was acquired in 2003
by Hong Kong-based Techtronic Industries Co., the maker of Hoover
vacuum cleaners.


JOHN D. OIL: Deadline to Pay RBS Extended to Nov. 13
----------------------------------------------------
U.S. bankruptcy Judge Thomas P. Agresti has ordered that the
deadline in which Oz Gas. LTD., Great Plains Exploration, LLC, and
John D. Oil and Gas Company must pay RBS is set on Nov. 13, 2014,
pursuant to a Settlement Agreement dated March 17, 2014.

The Fifth Amended Plan of Reorganization incorporate the terms of
a Settlement Agreement between RBS and the Debtors (among
others), including payment by October 15, 2014 of the settlement
amount.  The Settlement Agreement was approved by the U.S.
Bankruptcy Court for the Western District of Pennsylvania.

The Plans incorporate the terms of the Settlement Agreement and
Approval Orders, and provide that the Plans' effective date will
occur only if certain conditions are met, including that RBS will
have received the RBS Extended Settlement Amount on or before the
deadline.

Under the Settlement, the Debtors will deliver the $5,902,174
balance to RBS.  If they cannot do so, the conditions precedent to
the effective date of the Plans can never be met.

                    About John D. Oil & Gas;
              OZ Gas; and Great Plains Exploration

Mentor, Ohio-based John D. Oil & Gas Co., is in the business of
acquiring, exploring, developing, and producing oil and natural
gas in Northeast Ohio.  The Company has 58 producing wells.  The
Company also has one self storage facility located in Painesville,
Ohio.  The self-storage facility is operated through a partnership
agreement between Liberty Self-Stor Ltd. and the Company.

John D. Oil's affiliated entities -- Oz Gas, LTD., and Great
Plains Exploration, LLC -- filed voluntary Chapter 11 petitions
(Bankr. W.D. Pa. Case Nos. 12-10057 and 12-10058) on Jan. 11,
2012.  Two days later, John D. Oil filed its own Chapter 11
petition (Bankr. W.D. Pa. Case No. 12-10063).

On Nov. 21, 2011, at the request of the lender RBS Citizens, N.A.,
dba Charter One, a receiver was appointed for all three corporate
Debtors, in the United States District Court for the Northern
District of Ohio at case No. 11-cv-2089-CAB.  District Judge
Christopher A. Boyko issued an order appointing Mark E. Dottore as
receiver.  The Receivership Order was appealed to the Sixth
Circuit Court of Appeals on Dec. 19, 2011, and the appeal is
currently pending.

Judge Thomas P. Agresti oversees the Chapter 11 cases.  Robert S.
Bernstein, Esq., at Bernstein Law Firm P.C., serves as counsel to
the Debtors.  Each of Great Plains and Oz Gas estimated $10
million to $50 million in assets and debts.  John D. Oil's balance
sheet at Dec. 31, 2011, showed $6.98 million in total assets,
$13.26 million in total liabilities, and a stockholders' deficit
of $6.28 million.  The petitions were signed by Richard M.
Osborne, CEO.

The United States Trustee said a committee under 11 U.S.C. Sec.
1102 has not been appointed because no unsecured creditor
responded to the U.S. Trustee's communication for service on the
committee.




PACIFIC STEEL: Amends Schedules of Assets & Liabilities Anew
------------------------------------------------------------
Second Street Properties, formerly known as Pacific Steel Casting
Company, filed with the U.S. Bankruptcy Court for the Northern
District of California, another amendment to its amended schedules
of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $36,533,644
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $4,702,528
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $205,223
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $41,836,994
                                 -----------      -----------
        TOTAL                    $36,533,644      $46,744,746

As reported in the Oct. 1, 2014 edition of the Troubled Company
Reporter, the latest previous amendment of the Debtor's schedules
of assets and liabilities showed $36,533,644 in assets and
$46,740,291 in liabilities.

A full-text copy of the amended schedules is available for free
at http://is.gd/SfuZbd

                   About Pacific Steel Casting,
                       Berkeley Properties

Pacific Steel Casting Company and Berkeley Properties, LLC,
separately filed Chapter 11 bankruptcy petitions (Bankr. N.D.
Cal. Case Nos. 14-41045 and 14-41048) on March 10, 2014.  Pacific
Steel's petition was signed by Charles H. Bridges, Jr., chief
financial officer and director.  Michael W. Malter, Esq., at
Binder & Malter, LLP serves as the Debtors' counsel.  Epiq
Bankruptcy Solutions, LLC, is the Debtors' claims, noticing and
balloting agent.  Burr Pilger Mayer, a certified public accounting
firm, serves as financial consultants.

Pacific Steel makes carbon, low-alloy and stainless steel castings
for U.S. and international customers, largely for heavy-duty
trucks and construction equipment.

Tracy Hope Davis, the United States Trustee for Region 17,
appointed seven creditors to serve on the Official Committee of
Unsecured Creditors.  The Committee is represented by Ori Katz,
Esq., and Michael M. Lauter, Esq., at Sheppard, Mullin, Richter &
Hampton LLP.

The Debtors in July 2014 won court approval to sell their fourth-
generation family-owned steel foundry for $11.3 million cash plus
assumption of specified liabilities to Speyside Fund LLC.

Bankruptcy Judge Roger L. Efremsky authorized the Debtors to
revise case caption to reflect the name change after the sale of
assets.  The case caption now reflects: Second Street Properties,
and Berkeley Properties, LLC.  The Debtors stated that the assets
sold included the trade name "Pacific Steel Casting Company" and
the commonly used abbreviation and trademark "PSC".   The Debtors
agreed with the buyer that the Debtors would stop using that name
immediately after the closing.


PACIFIC STEEL: Can File Chapter 11 Plan Until December 6
--------------------------------------------------------
The Hon. Roger L. Efremsky of the U.S. Bankruptcy Court for the
Northern District of California extended the exclusive periods of
Second Street Properties fka Pacific Steel Casting Company and its
debtor-affiliates to propose a Chapter 11 plan until Dec. 6, 2014,
and the exclusive period to solicit acceptances of the plan until
Feb. 6, 2015.

As reported in the Troubled Company Reporter on Oct. 17, 2014,
counsel to the Debtors, Julie H. Rome-Banks, Esq., at Binder &
Malter, LLP, explains that since the inception of the Chapter 11
cases, the Debtors have been efficiently working towards a plan of
reorganization which was predicated on a sale of substantially all
of SSP's assets.  The first three months of the case were focused
on critical matters needed to preserve the going concern value of
the assets of the Estates, such as postpetition financing, utility
deposits and the marketing of assets.  The Court approved bid
procedures and eventually also approved the sale of substantially
all the assets of SSP and related relief on July 28, 2014.  The
sale of substantially all assets of SSP closed on August 29, 2014.
As a result of the sale, the Debtors have terminated all
employees, with all but approximately 1 dozen becoming employees
of the buyer.

Since closing the sale, the Debtors have been actively engaged in
post-closing reconciliations and adjustments that are typical of
large sales of a going concern business, including working capital
(inventory and accounts receivable) adjustments, pro-rating of
expenses and invoices for the month of August, and dealing with
the transfer of equipment that as subject to disguised security
agreements and seeking refunds on utility deposits.  The Court has
also recently granted the Debtors' request to set a bar date of
Oct. 31, 2014 for administrative claims through the date of the
closing.  The Debtors have also filed a motion to reject their
remaining leases and executory contracts which is scheduled for
hearing on October 8th with a requested bar date for rejection
claims and administrative claims by those affected creditors of
Oct. 31, 2014.

In addition, Nov. 27, 2014 is the last day for the Buyer to assert
claims based upon alleged violations of the representations and
warranties contained in the asset purchase agreement.  A
$32,358,877 priority tax claim was filed by the IRS on Aug. 28,
2014 due to a pending audit of the 2012 corporate income tax
returns.  The Debtors anticipate filing a motion under Section
505(a) to determine that the claim of the IRS should be valued at
zero and expect that contested matter to initially come before the
Court in November.  Based on all of these temporal factors which
affect a liquidation analysis, estimated recovery to creditors and
feasibility, the Debtors do not anticipate being able to file a
plan of reorganization for at least two months at the earliest.

                   About Pacific Steel Casting,
                       Berkeley Properties

Pacific Steel Casting Company and Berkeley Properties, LLC,
separately filed Chapter 11 bankruptcy petitions (Bankr. N.D.
Cal. Case Nos. 14-41045 and 14-41048) on March 10, 2014.  Pacific
Steel's petition was signed by Charles H. Bridges, Jr., chief
financial officer and director.  Michael W. Malter, Esq., at
Binder & Malter, LLP serves as the Debtors' counsel.  Epiq
Bankruptcy Solutions, LLC, is the Debtors' claims, noticing and
balloting agent.  Burr Pilger Mayer, a certified public accounting
firm, serves as financial consultants.

Pacific Steel makes carbon, low-alloy and stainless steel castings
for U.S. and international customers, largely for heavy-duty
trucks and construction equipment.

Tracy Hope Davis, the United States Trustee for Region 17,
appointed seven creditors to serve on the Official Committee of
Unsecured Creditors.  The Committee is represented by Ori Katz,
Esq., and Michael M. Lauter, Esq., at Sheppard, Mullin, Richter &
Hampton LLP.

The Debtors in July 2014 won court approval to sell their fourth-
generation family-owned steel foundry for $11.3 million cash plus
assumption of specified liabilities to Speyside Fund LLC.

Bankruptcy Judge Roger L. Efremsky authorized the Debtors to
revise case caption to reflect the name change after the sale of
assets.  The case caption now reflects: Second Street Properties,
and Berkeley Properties, LLC.  The Debtors stated that the assets
sold included the trade name "Pacific Steel Casting Company" and
the commonly used abbreviation and trademark "PSC".   The Debtors
agreed with the buyer that the Debtors would stop using that name
immediately after the closing.


PANTHER TRAILS: S&P Revises Outlook to Pos. & Affirms 'BB' Rating
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its outlook to
positive from stable and affirmed its 'BB' long-term rating on
Panther Trails Community Development District, Fla.'s series 2005
bonds.

"The revision is based on an improving value-to-lien ratio due to
a slight pickup in the local housing market," said Standard &
Poor's credit analyst Ruth Ducret.

Factors supporting the underlying credit quality of the district
and positive outlook include what S&P considers its:

   -- Improved, albeit still low, overall value-to-lien ratio of
      7:1, compared ith 5:1 the previous year;

   -- Third consecutive decrease in the delinquency rate in as
      many years, bringing the fiscal 2013 delinquency rate to 4%;
      and

   -- Fully developed residential assessment base.

Factors hampering the credit strength of the bonds, in S&P's view,
include:

   -- A more-than 50% decrease in the district's total assessed
      value since 2008;

   -- A recent history of 54% of individual assessable lots with a
      value-to-lien ratio less than or equal to 5:1, when
      including the district's series 2011 bonds;

   -- A relatively high proportion of bank- or builder-owned
      properties, with about 45 such lots accounting for nearly
      11.5% of assessments.

Non-ad valorem special assessments imposed and levied on specific
land parcels within the community development district and
collected by Hillsborough County secure the 2005 bonds.

The district, located in Hillsborough County, is fully developed
with more than 377 single-family units.


PROSPECT PARK: Court Sets December 15 as Claims Bar Date
--------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware set Dec.
15, 2014, at 11:59 p.m., (Prevailing Eastern Time) as the deadline
for creditors of Prospect Park Networks LLC to file proofs of (a)
claim; and (b) interest on account of equity interest in the
Debtor.

The Court also set Dec. 15, 2014, at 11:59 p.m., Prevailing
Eastern Time) as the deadline to all persons or entities holding a
claim arising under sections 503(b) and 507(a)(2) of the
Bankruptcy Code against the Debtor that may have arisen, accrued
or otherwise become due and payable at any time on and subsequent
to the Petition Date, but on or before October 1, 2014 -- Initial
Administrative Claims Period -- to file claims in the Chapter 11
Case.

The Court fixed April 14, 2015 at 11:59 p.m. (Prevailing Eastern
Time), as the last date for governmental units to file proofs of
claim.

As reported in the Troubled Company Reporter on Oct. 17, 2014,
pursuant to Bankruptcy Rule 3003(c)(2), the Debtor proposes that
any holder of a claim against or interest in the Debtor who is
required, but fails, to file a proof of claim or interest or
Administrative Claim on or before the applicable Bar Date will be
forever barred, estopped and enjoined from asserting such claim
against or interest in the Debtor (or filing a proof of claim or
interest with respect thereto), and the Debtor's property shall be
forever discharged from any and all indebtedness or liability with
respect to such claim or interest, and such holder shall not be
permitted to vote, to accept or reject any chapter 11 plan filed
in this Chapter 11 Case, or participate in any distribution on
account of such claim or interest or to receive further notices
regarding such claim or interest.

                   About Prospect Park Networks

Prospect Park Networks, LLC, a Los Angeles, Calif.-based talent
and management company, filed for Chapter 11 bankruptcy (Bankr. D.
Del. Case No. 14-10520) in Wilmington, on March 10, 2014,
estimating $50 million to $100 million in assets, and $10 million
to $50 million in debts.  The petition was signed by Jeffrey
Kwatinetz, president.

William E. Chipman, Jr., Esq., and Mark D. Olivere, Esq., at
Cousins Chipman & Brown LLP, in Wilmington, Delaware; and John H.
Genovese, Esq., Michael Schuster, Esq., and Heather L. Harmon,
Esq., at Genovese Joblove & Battista, P.A. serve as the Debtor's
bankruptcy counsel.  The Debtor also hired Cohn Reznick LLP as an
ordinary course professional.

The U.S. Trustee for Region 3 selected three creditors to serve on
the Official Committee of Unsecured Creditors.  Cole, Schotz,
Meisel, Forman & Leonard, P.A., serves as the Committee's counsel.


QUALITY DISTRIBUTION: Obtains $350-Mil. ABL Credit Facility
-----------------------------------------------------------
Quality Distribution, Inc., and its wholly owned subsidiary,
Quality Distribution, LLC, entered into an amended and restated
Credit Agreement with Bank of America, N.A., as administrative
agent and collateral agent, JPMorgan Chase Bank, N.A., and
Suntrust Bank, as co-syndication agents, and the lenders party
thereto from time to time, which amends and restates the existing
Credit Agreement, dated Aug. 19, 2011.  The Amended and Restated
Credit Agreement provides for a $350 million senior secured asset-
based revolving credit facility and a $17.5 million senior secured
FILO term loan facility.

Borrowings under the ABL Facility bear interest at a rate equal to
an applicable margin plus, at the Company's option, either a base
rate or LIBOR.  The initial applicable margin is 0.75% for base
rate borrowings and 1.75% for LIBOR borrowings.  The applicable
margin for borrowings will be reduced or increased as follows: if
the average borrowing base availability under the ABL Facility is
greater than or equal to 50% and QD LLC satisfies a fixed charge
coverage ratio of 1.20:1.00 or greater, the applicable margin is
0.50% for base rate borrowings and 1.50% for LIBOR borrowings; if
the average borrowing base availability under the ABL Facility is
greater than or equal to 25% and less than 50%, the applicable
margin is 0.75% for base rate borrowings and 1.75% for LIBOR
borrowings; and if the average borrowing base availability under
the ABL Facility is less than 25%, the applicable margin is 1.00%
for base rate borrowings and 2.00% for LIBOR borrowings.  In
addition to paying interest on outstanding principal under the ABL
Facility, the Company will be required to pay a quarterly
unutilized commitment fee to the lenders at an initial rate of
0.25%, with the rate remaining at 0.25% if the average utilization
of the ABL Facility during a quarter is greater than or equal to
50% with the rate increasing to 0.375% if the average utilization
of the ABL Facility during a quarter is less than 50%.  The
Company must also pay customary letter of credit fees quarterly.
The Company may voluntarily repay outstanding loans under the ABL
Facility at any time without premium or penalty, other than
customary "breakage" costs with respect to LIBOR loans.  The ABL
Facility will mature at the earlier of Nov. 3, 2019, and such date
that is 91 days prior to the maturity of the Company's currently
outstanding second lien notes or any future second lien notes of
the Company or any permitted refinancing of such currently
outstanding or future notes if the outstanding amount of such debt
is above a certain threshold.

Borrowings under the Term Loan Facility also bear interest at a
rate equal to an applicable margin plus, at the Company's option,
either a base rate or LIBOR.  The initial applicable margin is
2.00% for base rate borrowings and 3.00% for LIBOR borrowings,
with a potential step-down after three months to 1.75% for base
rate borrowings and 2.75% for LIBOR borrowings, if QD LLC achieves
a senior secured leverage ratio of 3.50:1.00 or less.  Obligations
under the Term Loan Facility will mature at the earlier of Nov. 3,
2017, and such date on which the ABL Facility terminates.

The Amended and Restated Credit Agreement contains a number of
covenants that, among other things, restrict, subject to certain
exceptions, the Company's ability, and the ability of the
Company's subsidiaries, to sell assets; incur additional
indebtedness; prepay other indebtedness; pay dividends and
distributions or repurchase their capital stock; create liens on
assets; make investments; make certain acquisitions; engage in
mergers or consolidations; engage in certain transactions with
affiliates; amend certain charter documents and material
agreements governing subordinated indebtedness; change the
business conducted by it and its subsidiaries; and enter into
agreements that restrict dividends from subsidiaries.  The Amended
and Restated Credit Agreement also contains certain customary
affirmative covenants and events of default.

All obligations under the Amended and Restated Credit Agreement
are guaranteed by the Company and the Company's wholly-owned
domestic restricted subsidiaries (other than certain excluded
subsidiaries) pursuant to a Guarantee and Collateral Agreement,
dated as of Aug. 19, 2011, among the Company, QD LLC, each of the
Company's subsidiaries party thereto, and Bank of America, N.A.,
as administrative agent and collateral agent.  Further, pursuant
to the Guarantee and Collateral Agreement, obligations under the
Amended and Restated Credit Agreement, and the guarantees of those
obligations (as well as cash management obligations and any
interest hedging or other swap agreements), are secured by a first
priority lien on substantially all of the assets of QD LLC and the
guarantors.

On Nov. 3, 2014, in connection with the Company and QD LLC
entering into the Amended and Restated Credit Agreement, the
subsidiary guarantors under the Amended and Restated Credit
Agreement entered into a subsidiary loan party acknowledgement
with Bank of America, N.A., pursuant to which they agreed to be
bound by the terms set forth in the Amended and Restated Credit
Agreement and affirm their obligations under the Guarantee and
Collateral Agreement.

A full-text copy of the Amended and Restated Credit Agreement is
available for free at http://is.gd/j7gJbM

                    About Quality Distribution

Quality Distribution, LLC, and its parent holding company, Quality
Distribution, Inc., are headquartered in Tampa, Florida.  The
company is a transporter of bulk liquid and dry bulk chemicals.
The company's 2010 revenues are approximately $686 million.
Apollo Management, L.P., owns roughly 30 percent of the common
stock of Quality Distribution, Inc.

Quality Distribution reported a net loss of $42.03 million on
$929.81 million of total operating revenues for the year ended
Dec. 31, 2013, as compared with net income of $50.07 million on
$842.11 million of total operating revenues in 2012.

                        Bankruptcy Warning

The Company had consolidated indebtedness and capital lease
obligations, including current maturities, of $383.3 million as of
Dec. 31, 2013.  The Company must make regular payments under the
ABL Facility, including the $17.5 million senior secured term loan
facility that was fully funded on July 15, 2013, and the Company's
capital leases and semi-annual interest payments under its 2018
Notes.

"The ABL Facility matures August 2016.  Obligations under the Term
Loan mature on June 14, 2016 or the earlier date on which the ABL
Facility terminates.  The maturity date of the ABL Facility,
including the Term Loan, may be accelerated if we default on our
obligations.  If the maturity of the ABL Facility and/or such
other debt is accelerated, we may not have sufficient cash on hand
to repay the ABL Facility and/or such other debt or be able to
refinance the ABL Facility and/or such other debt on acceptable
terms, or at all.  The failure to repay or refinance the ABL
Facility and/or such other debt at maturity would have a material
adverse effect on our business and financial condition, would
cause substantial liquidity problems and may result in the
bankruptcy of us and/or our subsidiaries.  Any actual or potential
bankruptcy or liquidity crisis may materially harm our
relationships with our customers, suppliers and independent
affiliates," the Company said in the Annual Report for the year
ended Dec. 31, 2013.

As of June 30, 2014, the Company had $445.64 million in total
assets, $481.19 million in total liabilities and a $35.55 million
total shareholders' deficit.

                           *    *     *

As reported in the TCR on June 28, 2013, Moody's Investors Service
upgraded Quality Distribution, LLC's Corporate Family Rating to B2
from B3 and Probability of Default Rating to B2-PD from B3-PD.

The upgrade of Quality's CFR to B2 was largely driven by the
expectation that credit metrics will improve over the next twelve
to eighteen months, through a combination of EBITDA growth and
debt paydowns, to levels consistent with the B2 rating level.  The
company is in the process of integrating the bolt-on acquisitions
made in its Energy Logistics business sector since 2011.


RADIOSHACK CORP: EVP of Human Resources to Quit
-----------------------------------------------
Telvin Jeffries, executive vice president of Human Resources and
Services International is leaving RadioShack Corporation to pursue
other opportunities, according to a regulatory filing with the
U.S. Securities and Exchange Commission.

Mr. Jeffries has agreed to provide consulting services to the
Company for up to six months on an as requested by the Company
basis.  Mr. Jeffries will not be paid any compensation for
providing those consulting services.  His responsibilities have
been reassigned to other executives in the organization.

                   About Radioshack Corporation

RadioShack (NYSE: RSH) -- http://www.radioshackcorporation.com--
is a national retailer of innovative mobile technology products
and services, as well as products related to personal and home
technology and power supply needs.  RadioShack's retail network
includes more than 4,300 company-operated stores in the United
States, 270 company-operated stores in Mexico, and approximately
1,000 dealer and other outlets worldwide.

Radioshack reported a net loss of $400.2 million in 2013, a net
loss of $139.4 million in 2012, and net income of $72.2 million in
2011.  The Company's balance sheet at Aug. 2, 2014, showed $1.14
billion in total assets, $1.21 billion in total liabilities and a
$63 million total shareholders' deficit.

                           *     *     *

As reported by the TCR on Sept. 15, 2014, Standard & Poor's
Ratings Services lowered its corporate credit rating on Fort
Worth, Texas-based RadioShack Corp. to 'CCC-' from 'CCC'.

"The downgrade comes as the company announced it will seek
capital, and that such a transaction could include a debt
restructuring in addition to store closures and other measures,"
said Standard & Poor's credit analyst Charles Pinson-Rose.

In the Sept. 16, 2014, edition of the TCR, the TCR reported that
Fitch Ratings had downgraded the Long-term Issuer Default Rating
(IDR) for RadioShack Corporation (RadioShack) to 'C' from 'CC'.
The downgrade reflects the high likelihood that RadioShack will
need to restructure its debt in the next couple of months.

The TCR reported on March 13, 2014, that Moody's Investors Service
downgraded RadioShack Corporation's corporate family rating to
Caa2 from Caa1.  "The continuing negative trend in RadioShack's
sales and margins has resulted in a precipitous drop in
profitability causing continued deterioration in credit metrics
and liquidity," Mickey Chadha, Senior Analyst at Moody's said.


REALOGY CORP: Reports $100 Million Third Quarter Net Income
-----------------------------------------------------------
Realogy Holdings Corp. and Realogy Group LLC filed with the U.S.
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing net income attributable to the Companies of $100
million on $1.53 billion of net revenues for the three months
ended Sept. 30, 2014, compared to net income attributable to the
Companies of $109 million on $1.55 billion of net revenues for the
same period in 2013.

For the nine months ended Sept. 30, 2014, the Companies reported
net income attributable to Realogy Holdings and Realogy Group of
$122 million on $4.05 billion of net revenues compared to net
income attributable to Realogy Holdings and Realogy Group of $118
million on $4.04 billion of net revenues for the same period last
year.

As of Sept. 30, 2014, the Company had $7.64 billion in total
assets, $5.48 billion in total liabilities and $2.16 billion in
total equity.

"The quarter produced strong cash flow in part due to our
continued investment in growth and lower interest expense," said
Richard A. Smith, Realogy's chairman, chief executive officer and
president.  "Our third quarter Adjusted EBITDA matched the third
quarter of 2013, even in the face of difficult comparisons from
the same quarter last year, which we believe was bolstered by
accelerated home closings in a rising mortgage rate environment.
In addition, we completed the ZipRealty acquisition, and its
integration is going well. We continue to be excited about the
strategic opportunities available to us as a result of this
transaction."

"We expect to end the year with approximately $400 million of cash
and cash equivalents and to be well positioned to make further
progress toward our goal of reducing interest expense and
deleveraging the balance sheet as we move into 2015," added Hull.

The Company ended the third quarter with a cash and cash
equivalents balance of $268 million and no outstanding borrowings
under its revolving credit facility.  Total long-term corporate
debt, including the short term portion, net of cash and cash
equivalents totaled $3.7 billion at Sept. 30, 2014.

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

                        http://is.gd/IoOBuI

                         About Realogy Corp.

Realogy Corp. -- http://www.realogy.com/-- a global provider of
real estate and relocation services with a diversified business
model that includes real estate franchising, brokerage, relocation
and title services.  Realogy's world-renowned brands and business
units include Better Homes and Gardens Real Estate, CENTURY 21,
Coldwell Banker, Coldwell Banker Commercial, The Corcoran Group,
ERA, Sotheby's International Realty, NRT LLC, Cartus and Title
Resource Group.  Collectively, Realogy's franchise systems have
around 15,000 offices and 270,000 sales associates doing business
in 92 countries around the world.

Headquartered in Parsippany, N.J., Realogy is owned by affiliates
of Apollo Management, L.P., a leading private equity and capital
markets investor.  Realogy fully supports the principles of the
Fair Housing Act.

Realogy Holdings Corp. and Realogy Group LLC reported net income
of $443 million in 2013, a net loss of $540 million in 2012 and
a net loss of $439 million in 2011.

                           *     *     *

In the Aug. 1, 2013, edition of the TCR, Moody's Investors Service
upgraded the corporate family rating of Realogy Group to B2
from B3.  The upgrade to B2 CFR is driven by expectations for
ongoing strong financial performance, supported by Realogy's
recently-concluded debt and equity financing activities and a
continuing recovery in the US existing home sale market.

As reported by the TCR on Feb. 18, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on Realogy Corp. to
'B+' from 'B'.

"The one notch upgrade in the corporate credit rating to 'B+'
reflects an increase in our expectation for operating performance
at Realogy in 2013, and S&P's expectation that total lease
adjusted debt to EBITDA will improve to the low-6x area and funds
from operations (FFO) to total adjusted debt will be improve to
the high-single-digits percentage area in 2013, mostly due to
EBITDA growth in the low- to mid-teens percentage area in 2013,"
S&P said.


RESEARCH SOLUTIONS: Posts $1.1-Mil. Net Income in Sept. 30 Qtr.
---------------------------------------------------------------
Research Solutions, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $1.14 million on $7.55 million of revenue for the
three months ended Sept. 30, 2014, compared to a net loss of
$142,947 on $6.61 million of revenue for the same period in 2013.

As of Sept. 30, 2014, the Company had $6.49 million in total
assets, $5.70 million in total liabilities and $795,772 in total
stockholders' equity.

As of Sept. 30, 2014, the Company had cash and cash equivalents of
$1,535,415, compared to $1,884,667 as of June 30, 2014, a decrease
of $349,252.  This decrease was primarily attributable to cash
used in discontinued operations.

The Company reported a net loss of $1.87 million for the fiscal
year ended June 30, 2014, compared with net income of $191,922 for
the year ended June 30, 2013.

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

                        http://is.gd/6Tysgb

                    About Research Solutions

Research Solutions, Inc. provides research information services
and software to research-intensive industries in the Life Sciences
and other fields.  The Encino, California-based Company delivers
copyrighted copies of published content, including articles from
published journals, to content users in hard copy or electronic
form.


REYNOSO VINEYARDS: Court Closes Chapter 11 Bankruptcy Case
----------------------------------------------------------
The Hon. Alan Jaroslovsky of the U.S. Bankruptcy Court for the
Northern District of California issued a final decree closing the
Chapter 11 bankruptcy case of Reynoso Vineyards Inc.

As reported in the Troubled Company Reporter on Feb. 13, 2014, the
Debtor won confirmation of its bankruptcy-exit plan.  Judge Alan
Jaroslovsky held a hearing Dec. 20 and subsequently entered an
order confirming the plan.

The order noted that the plan has been accepted in writing by the
creditors whose acceptance is required by law; and the plan
complies with the applicable provisions of Chapter 11 of the
Bankruptcy Code.

The Plan dated Dec. 17, 2013, provides that shareholders will
retain their equity position.  First lien and second lien
creditors will be paid in full with interest over time.  Holders
of allowed unsecured claims shall be paid in full in 60 equal
monthly installments.  A copy of the Plan is available for free
at http://bankrupt.com/misc/Reynoso_Vineyards_Plan.pdf

                   About Reynoso Vineyards Inc.

Reynoso Vineyards Inc. filed a Chapter 11 petition (Bankr. N.D.
Cal. Case No. 13-11640) in Santa Rosa, California, on Aug. 26,
2013.

The Debtor disclosed $15.8 million in assets and $9.34 million in
liabilities in schedules filed together with the petition.   The
Debtor owns a 395-acre property at River Road, in Cloverdale,
California.  The property has 148 acres planted with wine grapes
and 9 buildings, which consist of 5 single family dwellings,
2 barns and 2 sheds.  The property is valued at $14 million and
secures and $8.7 million debt to Exchange Bank.

The Debtor is represented by Michael C. Fallon, Esq., at the Law
Offices of Michael C. Fallon, in Santa Rosa, California.


RICHMOND VALLEY: Seeks Court's Final Decree Closing Case
--------------------------------------------------------
Richmond Valley Plaza LLC and its debtor-affiliates ask the Hon.
Carla E. Craig of the U.S. Bankruptcy Court for the Eastern
District of New York to enter a final decree closing their Chapter
11 bankruptcy cases citing substantial consummation of their first
amended join Chapter 11 plan of reorganization dated April 21,
2014, has now occurred.

The Debtors tell the Court that they made distributions to holders
of allowed Class 4 Unsecured Claims in full satisfaction of their
obligations under the plan and all other aspects of the plan have
been complied with and satisfied.

A hearing on the Debtors' request will be held Nov. 18, 2014, at
12:00 n.n., before Judge Craig at Conrad B. Duberstein U.S.
Courthouse, 271-C Cadman Plaza East in Brooklyn, New York.

                 About Richmond Valley Plaza LLC

Richmond Valley Plaza LLC filed a Chapter 11 petition
(Bankr. E.D.N.Y. Case No. 13-44040) on June 28, 2013 in
Brooklyn, New York.  Yann Geron, Esq. and Kathleen Aiello, Esq.,
of Fox Rothschild LLP, serve as counsel to the Debtor.  The Debtor
estimated up to $8,400,000 in assets and up to $6,517,934 in
liabilities.  Affiliates, A.E.T. Realty Holding Corp., (Case No.
13-44043) and E.B. Realty Holding Corp (Case No. 13-44047) sought
Chapter 11 protections on the same day.

TM Real Estate Holding LLC a/k/a T.M. Realty Holding Corp., filed
a Chapter 11 petition (Bankr. E.D.N.Y. Case No. 13-44046) on
June 28, 2013.  The Debtor scheduled assets of $10,900,000 and
liabilities of $10,497,264.  The petition was signed by John Noce,
manager.

The Debtors' cases were jointly administered pursuant to a Court
order dated Aug. 8, 2013.


RIVERWALK JACKSONVILLE: Needs More Time to Negotiate Asset Sale
---------------------------------------------------------------
Riverwalk Jacksonville Development, LLC, asks the Bankruptcy Court
to extend its exclusive periods to file a plan of reorganization
until Jan. 31, 2015, and an additional 60 days thereafter to
solicit acceptances for that plan.

The Debtor, in its second motion, said that it has been in
discussions with most of the interested parties to the proposed
Wyndam transaction.

In this relation, the Debtor needs additional time to conclude
negotiations, finalize its agreement in connection therewith, and
prepare its plan founded on that agreement.

              About Riverwalk Jacksonville Development

Riverwalk Jacksonville Development, LLC, owns four parcel of real
property located in areas surrounding the Wyndham Hotel and
Convention Center. The properties comprise approximately 10.4
acres and constitute prime downtown commercial space. The
occupants of the area are a Chart House restaurant, various office
building and parking amenities.

Three of the four properties are encumbered to Sabadell and U.S.
Century Bank. There is, in fact, substantial equity in all of the
properties.

Riverwalk Jacksonville Development filed a Chapter 11 bankruptcy
(Bankr. S.D. Fla. Case No. 14-19672) on April 28, 2014, in Miami.
Stevan J. Pardo signed the petition as managing member.  The
Debtor estimated assets of at least $10 million and debts of at
least $1 million.  Geoffrey S. Aaronson, Esq., at Aaronson Schantz
P.A. serves as the Debtor's counsel.  Judge Laurel M Isicoff
oversees the case.


ROSETTA GENOMICS: Adjourns Annual Meeting for Lack of Quorum
------------------------------------------------------------
Rosetta Genomics, Ltd., disclosed in a regulatory filing with the
U.S. Securities and Exchange Commission that it convened its
previously announced Annual General Meeting of Shareholders on
Nov. 5, 2014.  However, the quorum of two or more shareholders
present, personally or by proxy, who hold or represent together
more than 25% of the voting rights of Rosetta's issued share
capital required to conduct the Annual Meeting was not present.

Accordingly, pursuant to Rosetta's articles of association, the
Annual Meeting has been adjourned to Nov. 12, 2014.  The adjourned
Annual Meeting will be held at Rosetta's offices at 10 Plaut St.,
Rehovot, Israel at 10:00 a.m. (ET).  At the adjourned Annual
Meeting, any two shareholders present in person or by proxy shall
constitute a quorum.

                           About Rosetta

Based in Rehovot, Israel, Rosetta Genomics Ltd. is seeking to
develop and commercialize new diagnostic tests based on a recently
discovered group of genes known as microRNAs.  MicroRNAs are
naturally expressed, or produced, using instructions encoded in
DNA and are believed to play an important role in normal function
and in various pathologies.  The Company has established a CLIA-
certified laboratory in Philadelphia, which enables the Company to
develop, validate and commercialize its own diagnostic tests
applying its microRNA technology.

Rosetta Genomics incurred a net comprehensive loss after
discontinued operations of $12.89 million on $405,000 of revenues
for the year ended Dec. 31, 2013, as compared with a net
comprehensive loss after discontinued operations of $10.45 million
on $201,000 of revenues in 2012.

Rosetta Genomics Ltd. reported a net loss after discontinued
operations of $7.18 million on $554,000 of revenues for the six
months ended June 30, 2014, compared to a net loss after
discontinued operations of $6.29 million on $193,000 of revenues
for the same period a year ago.

The Company's balance sheet at June 30, 2014, showed $21.67
million in total assets, $1.79 million in total liabilities and
$19.87 million in total shareholders' equity.

                         Bankruptcy Warning

"We will require substantial additional funding and expect to
augment our cash balance through financing transactions, including
the issuance of debt or equity securities and further strategic
collaborations.  On December 7, 2012, we filed a shelf
registration statement on Form F-3 with the SEC for the issuance
of ordinary shares, various series of debt securities and/or
warrants to purchase any of such securities, either individually
or in units, with a total value of up to $75 million, from time to
time at prices and on terms to be determined at the time of such
offerings.  The filing was declared effective on December 19,
2012.  As of the time of the filing of this Annual Report on Form
20-F, we had sold through the Cantor Sales Agreement an aggregate
of 1,559,537 of our ordinary shares for gross proceeds of $5.9
million under this shelf registration statement, leaving an
aggregate of approximately $69.1 million of securities available
for sale.  If we need additional funding, there can be no
assurance that we will be able to obtain adequate levels of
additional funding on favorable terms, if at all.  If adequate
funds are needed and not available, we may be required to:

   * delay, reduce the scope of or eliminate certain research and
     development programs;

   * obtain funds through arrangements with collaborators or
     others on terms unfavorable to us or that may require us to
     relinquish rights to certain technologies or products that we
     might otherwise seek to develop or commercialize
     independently;

   * monetize certain of our assets;

   * pursue merger or acquisition strategies; or

   * seek protection under the bankruptcy laws of Israel and the
     United States," the Company stated in the 2013 Annual Report.


ROSETTA RESOURCES: S&P Affirms 'BB-' Corp. Credit Rating
--------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB-' corporate
credit rating on Houston-based exploration and production (E&P)
company Rosetta Resources Inc.  The outlook is stable.

At the same time, S&P raised the senior unsecured debt to 'BB-'
(same as the corporate credit rating) from 'B+' and revised the
recovery rating to '4', indicating S&P's expectation of average
recovery (30% to 50%) in the event of a payment default, from '5'.

"The ratings on Houston-based Rosetta Resources Inc. reflect our
assessments of the company's 'significant' financial risk, 'weak'
business risk, and 'adequate' liquidity," said Standard & Poor's
credit analyst Paul Harvey.

The stable outlook reflects S&P's view that Rosetta will continue
to benefit from its liquids-related production and that its
capital spending program will continue to result in solid growth
in reserves and production, notwithstanding recent crude oil price
declines.  Under S&P's base case scenario, it expects that Rosetta
will maintain adequate credit protection measures, with FFO to
debt of about 30% in 2015, improving thereafter.

S&P could lower the rating if Rosetta's credit measures weakened,
such that FFO to debt were sustained below the 20% level, which
could result from production well below S&P's expectations or a
change in financial policy that results in very aggressive capital
spending or debt-financed acquisitions.

An upgrade will depend on Rosetta's ability to increase reserves
and production, potentially through development of its Eagle Ford
and Permian acreage.  Given Rosetta's high proportion of
undeveloped reserves and its small size and scale relative to 'BB'
rated peers, S&P considers an upgrade unlikely in the near term.


SAM WYLY: Ex-Wife Sues to Protect Annual $500,000 Alimony
---------------------------------------------------------
David Lee at Courthouse News Service reports that Sam Wyly's ex-
wife Torie Steele has filed a lawsuit against him to protect her
yearly $500,000 alimony.

Ms. Steele said in a court filing, "The requirements imposed upon
Wyly to provide Steele with guaranteed income of $41,666 per month
is satisfied by payments from [investment firm] Maverick Stable
Partners, L.P. on the last date of each month."

According to Courthouse News, Ms. Steele claims she didn't receive
any payment on Oct. 31, 2014, which confirms that Mr. Wyly
considers his obligation as a dischargeable 'contract' debt and
not a debt for a domestic support obligation."

                        About Samuel Wyly

Samuel Wyly filed for Chapter 11 bankruptcy protection on Oct. 19,
2014, weeks after a judge ordered him to pay several hundred
million dollars in a civil fraud case.  In September, a federal
judge ordered Mr. Wyly and the estate of his deceased brother to
pay more than $300 million in sanctions after they were found
guilty of committing civil fraud to hide stock sales and nab
millions of dollars in profits.

The case is In re Samuel E. Wyly, 14-35043, U.S. Bankruptcy Court,
Northern District of Texas (Dallas).


SAM WYLY: Inflated Expenses to Up Bankruptcy Budget, SEC Claims
---------------------------------------------------------------
David Lee at Courthouse News Service reports that the U.S.
Securities and Exchange Commission has accused Sam Wyly of
inflating a "whopping" bankruptcy budget with inflated expenses.

SEC said in a court filing dated Nov. 5, 2014, that it objects to
Mr. Wyly's request for authority to pay ordinary expenses because
his budget does not contain sufficient detail as to receipts or
expenditures, and many of the requested expenses are inflated or
unnecessary.

According to SEC's Nov. 5 objection to Mr. Wyly's "Debtor's Budget
and Request to pay Ordinary Living Expenses," Mr. Wyly has
projected $1.95 million in expenses for November and December,
while U.S. District Judge Shira A. Scheindlin in Manhattan allowed
$15,000 per month in "necessary and reasonable" living expenses.

Courthouse News quoted SEC as saying, "The bankruptcy court will
not approve lavish spending by individual Chapter 11 debtors.
Individual Chapter 11 debtors should not assume that they will be
allowed to maintain affluent lifestyles during their Chapter 11
proceedings."

Mr. Wyly's expense budget "can only go up" as it does not include
other expenses, like $393,000 in quarterly allocations for a
family office and property taxes, Courthouse News relates, citing
SEC.  According to the report, SEC said that Mr. Wyly's wife,
Cheryl, may hold significant assets and that his bankruptcy should
include income from her assets.  Mr. Wyly should not shoulder the
costs of their home alone, and should not continue making mortgage
payments for his wife's Aspen bookstore, which is losing money,
the report states, citing SEC.  The report adds that SEC also
questioned why Mr. Wyly did not receive his $24 million in annuity
payments from four trusts, as they were supposed to pay him in
October.

                        About Samuel Wyly

Samuel Wyly filed for Chapter 11 bankruptcy protection on Oct. 19,
2014, weeks after a judge ordered him to pay several hundred
million dollars in a civil fraud case.  In September, a federal
judge ordered Mr. Wyly and the estate of his deceased brother to
pay more than $300 million in sanctions after they were found
guilty of committing civil fraud to hide stock sales and nab
millions of dollars in profits.

The case is In re Samuel E. Wyly, 14-35043, U.S. Bankruptcy Court,
Northern District of Texas (Dallas).


SCIENTIFIC GAMES: Plans to Offer $700MM Senior Secured Notes
------------------------------------------------------------
Scientific Games Corporation announced that its wholly owned
subsidiary, Scientific Games International, Inc., intends, subject
to market and other conditions, to offer $700 million of senior
secured notes due 2021 and $2,200 million of senior unsecured
notes due 2022 in a private offering.

Scientific Games intends to use the net proceeds of the Notes
offering, together with cash and borrowings under its revolving
credit facility and incremental term loans pursuant to its credit
agreement, to finance its acquisition of Bally Technologies, Inc.,
including the refinancing of certain indebtedness of Bally and to
pay related fees and expenses.  The Notes are expected initially
to be issued by SGI's subsidiary, SGMS Escrow Corp.

Upon consummation of the Bally Acquisition, the Notes will be
assumed by SGI and guaranteed on a senior basis by Scientific
Games and certain of its subsidiaries.  The Secured Notes will be
secured by liens on the same collateral that secures indebtedness
under Scientific Games' credit agreement.

                       About Scientific Games

Scientific Games Corporation is a developer of technology-based
products and services and associated content for worldwide gaming
and lottery markets.  The Company's portfolio includes instant and
draw-based lottery games; electronic gaming machines and game
content; server-based lottery and gaming systems; sports betting
technology; loyalty and rewards programs; and social, mobile and
interactive content and services.  For more information, please
visit: www.scientificgames.com.

Scientific Games reported a net loss of $30.2 million in 2013, a
net loss of $62.6 million in 2012 and a net loss of $12.6 million
in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $4.03
billion in total assets, $3.93 billion in total liabilities and
$105.7 million in total stockholders' equity.

                           *     *     *

The TCR reported on May 21, 2014, that Moody's Investors Service
downgraded Scientific Games Corporation's ("SGC") Corporate Family
Rating to B1.  The downgrade reflects Moody's view that slower
than expected growth in SGC's Gaming and Instant Products segments
will cause Moody's adjusted leverage to exceed 6.0 times by the
end of 2014.

As reported by the TCR on Aug. 5, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating to 'B+' from 'BB-' on
Scientific Games Corp.

"The downgrade and CreditWatch placement follow Scientific Games'
announcement that it has agreed to acquire Bally Technologies for
$5.1 billion, including the refinancing of about $1.8 billion in
net debt at Bally," said Standard & Poor's credit analyst Ariel
Silverberg.


SEARS HOLDINGS: Moody's Rates Sr. Unsecured Notes Due 2019 Caa3
---------------------------------------------------------------
Moody's Investors Service revised the rating outlook on Sears
Holdings Corporation to negative from stable. Moody's also
assigned a Caa3 (LGD 6) rating Sears Holdings Corporation's 8%
Senior Unsecured Notes due 2019. The company's Caa1 Corporate
Family Rating and SGL-2 rating -- indicating good liquidity over
the next 12 months -- were affirmed.

The revision in the rating outlook to negative reflects Sears
still significant operating losses. The mid-point of Sears updated
guidance for its third fiscal quarter domestic Adjusted EBITDA (as
defined by Sears) will be around negative $776 million for the
first three quarters of fiscal 2014 compared to negative $398
million in the year prior period. Moody's estimate Sears cash burn
will be near $1.4 billion in the current year (after taking into
consideration cash interest costs -- estimated at around $275
million, pro-forma for the 2019 note offering and domestic capital
expenditures estimated around $275 million). The rating outlook
revision also reflects Moody's expect earnings to remain
substantially unchanged over the next fiscal year as Moody's do
not see catalysts to enable the company to meaningfully improve
operating performance. The rating outlook revision also reflects
while the possible sale leaseback of 200 to 300 stores will
provide liquidity, it does not solve Sears operating challenges.

The affirmation of the company's Caa1 Corporate Family Rating
reflects our views that the company will continue to maintain good
liquidity over the next year, which would be bolstered by
successful issuance of its proposed 2019 senior unsecured notes
pursuant to the rights offering the company is currently
undertaken, and if concluded, proceeds from a sale/leaseback
transaction. The affirmation also reflects the company's lack of
near dated maturities outside its asset-based revolver until 2018
and the lack of any meaningful catalyst for a default to take
place. The company still maintains a sizable asset base though it
has reduced over the course of fiscal 2014 through the spin-off of
Lands' End, the monetization of a substantial portion of its stake
in Sears Canada and would moderate further if the company proceeds
with a sale leaseback transaction.

The Caa3 rating assigned to the Senior Unsecured Notes due 2019
reflects that they are an obligation of Sears Holdings
Corporation, with no guarantees from any of Sears Holdings'
subsidiaries. As such the notes are structurally subordinated to a
meaningful amount of secured debt in the company's capital
structure as well as all obligations of its subsidiary companies.
The Senior Unsecured Notes due 2019 will be distributed pursuant
to a rights offering currently being offered to all holders of
Sears' Common Stock. Sears Holdings is distributing Rights to all
holders of its common stock. Each Right will provide a shareholder
with the right, but not the obligation, to purchase a Unit,
consisting of (a) the 8% Senior Unsecured note due 2019 and (b)
Warrants to purchase additional common stock of Sears Holdings.
Shareholders will have until November 18, 2014 to exercise their
rights. Assuming all shareholders subscribe to the Units, the
total amount of Senior Unsecured 2019 notes issued would be $625
million. Entities affiliated with Sears' CEO and Chairman Mr.
Edward S. Lampert, who own approximately 48.5% of Sears' common
stock, have advised Sears they intend to exercise their rights in
full.

The following ratings were affirmed:

Sears Holdings Corp.

  Probability of Default Rating, Affirmed Caa1-PD

  Speculative Grade Liquidity Rating, Affirmed SGL-2

  Corporate Family Rating, Affirmed Caa1

  Senior Secured Bank Credit Facility due Jun 30, 2018, Affirmed
  B1(LGD2)

  Senior Secured Regular Bond/Debenture due Oct 15, 2018,
  Affirmed Caa1(LGD4)

Sears Roebuck Acceptance Corp.

  Senior Unsecured Regular Bond/Debenture, Affirmed Caa2(LGD5)

Outlook Actions:

Sears Holdings Corp.

  Outlook, Changed To Negative From Stable

Sears Roebuck Acceptance Corp.

  Outlook, Changed To Negative From Stable

The following ratings were assigned:

Sears Holdings Corporation

  8% Senior Unsecured Notes due 2019 at Caa3 (LGD 6)

Ratings Rationale

Sears' Caa1 Corporate Family Rating reflects the company's sizable
operating losses which have increased over the course of 2014 and
the lack of visibility on near term catalysts which will reduce
these sizable losses materially. Moody's expect Sears will have a
cash burn -- after capital expenditures and interest expenses --
to be near $1.4 billion in the current fiscal year. The rating
also considers our view that the viability of Kmart (which
represented around 41% of domestic sales in its latest fiscal
year), is uncertain given its continued challenges as evidenced by
its meaningful operating losses and market share erosion. The Caa1
rating considers the company's proven ability to generate cash
from its sizable asset base, which currently includes its
unencumbered real estate and its ownership of well known consumer
brands such as Kenmore, Craftsman and DieHard.

The negative rating outlook reflects our expectations that the
company's unencumbered asset base will continue to erode as Sears
considers actions such as the disclosed possible sale and
leaseback transaction. This erosion in the company's unencumbered
asset base is occurring while the company is still incurring
sizable adjusted EBITDA losses which will need additional funding.
Negative rating pressure would build if the company's asset base
were to continue to erode while operating losses remain sizable.

Ratings could be downgraded if the company's liquidity were to
become more constrained, operating losses widened beyond current
levels, or if the company's unencumbered asset base were to erode,
or the probability of default were to otherwise increase.

Ratings could be upgraded if the company demonstrated
stabilization of sales and improved operating margins, evidencing
successful results of its efforts to transform its business.
Ratings could be upgraded if cash flows approaches break-even
levels and interest coverage (EBITDA-Cap Ex to Interest)
approaches 1 times, while maintaining a good overall liquidity
position. The rating outlook could be stabilized If the company
were able to maintain a good overall liquidity profile and a
meaningful asset base while its cash burn made substantial
progress toward break-even levels.

Headquartered in Hoffman Estates, IL, Sears Holdings Corporation
through its subsidiaries, including Sears, Roebuck and Co. and
Kmart Corporation, with more than 1800 full-line and specialty
retail stores across the United States and Canada. LTM domestic
revenues exceed $31 billion. 48.5% of Sears Holdings common shares
are held by entities affiliated with Sears Chairman and CEO Mr.
Edward S. Lampert.

The principal methodology used in these ratings was Global Retail
Industry published in June 2011. Other methodologies used include
Loss Given Default for Speculative-Grade Non-Financial Companies
in the U.S., Canada and EMEA published in June 2009.


SERVICE CORP: S&P Raises Corp. Credit Rating to 'BB+'
-----------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Service Corp. International to 'BB+' from 'BB'.  The
outlook is stable.

At the same time, S&P raised its issue-level ratings on the
unsecured credit facility to 'BB+' from 'BB'.  The recovery rating
remains '3', indicating meaningful (50%-70%) recovery in the event
of default.

S&P also raised its issue-level ratings on the unsecured notes to
'BB' from 'BB-'.  The recovery rating remains '5', indicating
modest (10%-30%) recovery in the event of default.

"Today's upgrade reflects our increased confidence that the
company will operate with a financial policy of maintaining
leverage between 3.5x and 4x. Following SCI's acquisition of
Stewart, leverage peaked above 5x," said credit analyst Tahira
Wright.  "While we expected credit metrics would improve following
the integration of Stewart, there were headwinds in consolidating
SCI, the leading death care provider, with the number two player
in the industry.  SCI has demonstrated a smooth integration in the
three quarters since the transaction closed."

S&P's stable rating outlook reflects its expectation that the
company will maintain credit metrics that range between 3.5x and
4x in 2015 and beyond and that shareholder returns will be managed
in a way that allows the company to preserve this range.

Downside scenario

As a result of the stable nature of the death care industry, S&P
do not expect a sharp decline in profitability.  However, a
downgrade could occur if SCI pursued multiple acquisitions that
increased leverage to a sustained level above 4x.  A debt-financed
acquisition of around $700 million could result in such a spike in
leverage.

Upside scenario

Given that S&P expects leverage to range between 3.5x and 4x over
the next two years, it considers an upgrade would be unlikely in
the near term.  An upgrade would be largely predicated on a shift
in financial policy where the company prioritizes debt repayment
over an aggressive growth strategy and shareholder returns that
will result in leverage at a sustained level below 3x.


SIFCO SA: U.S. Court Recognizes Brazilian Proceedings
-----------------------------------------------------
The Hon. Robert E. Gerber of the U.S. Bankruptcy Court for the
Southern District of New York issued an order recognizing SIFCO
SA's reorganization proceedings launched in Brazil as a foreign
main proceeding.

SIFCO's reorganization proceedings under Brazilian insolvency law
are pending before the Vara de Falencias e Recuperacoes Judiciais
da Comarca de Sao Paulo/SP.

                          About SIFCO SA

Brazilian company SIFCO SA began its operations in 1958, and today
it believes that it is the sole producer and supplier of front
axles and I-beams for trucks and buses in South America.  SIFCO's
management and engineers are located outside Sao Paulo, Brazil in
the City of Jundiai, Brazil, where the Company also maintains
manufacturing and foundry facilities.

In the 1960s, SIFCO was dedicated to supplying the then-recently
created domestic Brazilian automotive industry. Eventually, SIFCO
began producing high technology forging components in compliance
with the most comprehensive requirements of several automotive
industry segments, such as tractors and agricultural machines,
among others.

SIFCO commenced a bankruptcy restructuring in Brazil on April 22,
2014.  A day later, on April 23, it filed a Chapter 15 petition in
U.S. Bankruptcy Court (Bankr. S.D.N.Y. Case No. 14-11179) in
Manhattan, New York.

SIFCO distributes products in the U.S. through Westport Axle
Corp., which was a subsidiary until it was sold in late 2013.  The
petition shows assets of less than $500 million and debt exceeding
$500 million.  SIFCO has $75 million outstanding on senior secured
notes with Bank of New York Mellon Corp. as agent.

SIFCO is owned by Sifco Metals Participacoes S.A. which is a
privately owned company.

SIFCO is represented in the U.S. proceedings by Duane Morris LLP,
in New York.


STC INC: Wins Initial Recognition Order From Ontario Court
----------------------------------------------------------
The Ontario Superior Court of Justice issued on Nov. 4, 2014,
an initial recognition order (i) recognizing the Chapter 11
proceeding of STC Inc. as a "foreign main proceeding" and the
Debtor as foreign representative; and (ii) granting the Debtor a
stay of proceedings in Canada.

STC Inc. retained as Canadian counsel:

  CHAITON LLP
  Attn: Maya Poliak, Esq.
  5000 Yonge Street, 10th Floor
  Toronto, ON M2N 7E9
  Tel: (416) 218-1161
  Email: maya@chaitons.com

Based in McLeansboro, Illinois, STC Inc. fdba Sun Transformer
Corporation filed for Chapter 11 protection on Sept. 11,
2014(Bankr. S.D. Ill. Case No. 14-41014).  The Debtor selected
John J Hall, Esq., Lewis, Rice & Fingersh, L.C., as its counsel.
The Debtor listed both assets and liabilities between $1 million
to $10 million.


SUN BANCORP: Files Form 10-Q, Reports $825K Net Income for Q3
-------------------------------------------------------------
Sun Bancorp, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
available to common shareholders of $825,000 on $21.95 million of
total interest income for the three months ended Sept. 30, 2014,
compared to a net loss available to common shareholders of $4.86
million on $26.78 million of total interest income for the same
period a year ago.

The Company also reported a net loss available to common
shareholders of $26.97 million on $70.37 million of total interest
income for the nine months ended Sept. 30, 2014, compared to a net
loss available to common shareholders of $1.73 million on $79.58
million of total interest income for the same period in 2013.

As of Sept. 30, 2014, the Company had $2.82 billion in total
assets, $2.57 billion in total liabilities and $247.04 million in
total shareholders' equity.

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

                        http://is.gd/6joNyv

                         About Sun Bancorp

Sun Bancorp, Inc. (NASDAQ: SNBC) is a bank holding company
headquartered in Vineland, New Jersey, with its executive offices
located in Mt. Laurel, New Jersey.  Its primary subsidiary is Sun
National Bank, a full service commercial bank serving customers
through more than 60 locations in New Jersey.

On April 15, 2010, Sun National Bank entered into a written
agreement with the OCC which contained requirements to develop and
implement a profitability and capital plan which provides for the
maintenance of adequate capital to support the Bank's risk profile
in the current economic environment.

Sun Bancorp reported a net loss available to common shareholders
of $9.94 million in 2013, a net loss available to common
shareholders of $50.49 million in 2012, and a net loss available
to common shareholders of $67.50 million in 2011.


SUN BANCORP: Anthony Morris Named as Chief Banking Officer
----------------------------------------------------------
Anthony J. Morris, age 58, was appointed as executive vice
president and chief banking officer of Sun National Bank, a wholly
owned subsidiary of Sun Bancorp, Inc., effective Nov. 3, 2014,
according to a regulatory filing with the U.S. Securities and
Exchange Commission.

From November 2012 to July 2014, Mr. Morris served as Director,
Banking Products & Services at CIT Bank where he was responsible
for formulating strategic and operating plans for a wide range of
matters pertaining to defining, developing and implementing a
branch banking platform to enable CIT Bank to capture core
deposits to fund its lending businesses.  He left CIT Bank to
become a consultant to the Bank pending receipt of the requisite
regulatory non-objection to be employed as an Executive vice
president at the Bank.  Prior to CIT Bank, from 2007 to 2012, Mr.
Morris served as senior vice president, chief corporate planning
and marketing officer at State Bank of Long Island.

As Executive Vice President and Chief Banking Officer, Mr. Morris
will receive an initial base salary of $275,000 per annum.  He
will be eligible to participate in the annual short-term incentive
plan, with a target bonus opportunity equal to 35% of annual base
salary and will be guaranteed to receive a cash bonus of $50,000
for 2014, payable in March 2015.  He will also be eligible to
participate in the Bank's Long-Term Incentive Plan, providing for
the opportunity to share in the Bank's long-term success through
award of restricted stock and/or stock options, with a target
award opportunity of 35% of annual base salary.  At the next
meeting of the Company's Compensation Committee he will receive an
award of 3,000 shares of common stock of the Registrant and
options to purchase an additional 1,000 shares.  Mr. Morris will
be reimbursed for his reasonable moving expenses.

Following regulatory approval of a proposed agreement, Mr. Morris
will become a party to a severance agreement providing for a
severance payment, in the event of termination without cause,
equal to 18 weeks of base salary, to increase to 32 weeks of base
salary after two years of service and to 52 weeks of base salary
after five years of service.  He will also become a party to a
change in control agreement providing for a severance payment
equal to one year of base salary in the event of termination in
connection with a change in control.

                         About Sun Bancorp

Sun Bancorp, Inc. (NASDAQ: SNBC) is a bank holding company
headquartered in Vineland, New Jersey, with its executive offices
located in Mt. Laurel, New Jersey.  Its primary subsidiary is Sun
National Bank, a full service commercial bank serving customers
through more than 60 locations in New Jersey.

On April 15, 2010, Sun National Bank entered into a written
agreement with the OCC which contained requirements to develop and
implement a profitability and capital plan which provides for the
maintenance of adequate capital to support the Bank's risk profile
in the current economic environment.

Sun Bancorp reported a net loss available to common shareholders
of $9.94 million in 2013, a net loss available to common
shareholders of $50.49 million in 2012, and a net loss available
to common shareholders of $67.50 million in 2011.

As of Sept. 30, 2014, the Company had $2.82 billion in total
assets, $2.57 billion in total liabilities and $247.04 million in
total shareholders' equity.


SUPERVALU INC: Fitch Rates $350MM of 7.75% Unsecured Notes 'B'
--------------------------------------------------------------
Fitch Ratings has assigned a rating of 'B/RR4' to SUPERVALU Inc.'s
(SVU) $350 million of 7.75% senior unsecured notes due 2022.  The
proceeds from the issue together with revolver borrowings will be
used to redeem $350 million of the 8% senior unsecured notes due
2016.  Fitch rates SVU's Issuer Default Rating (IDR) 'B'.  The
Rating Outlook is Stable.

Key Rating Drivers

The rating reflects SVU's more favorable business mix and improved
top line performance over the past year, and the expectation for
steady results over the next 12-24 months.  These factors are
balanced against the significant competitive challenges facing
SVU's food retail and wholesale businesses and the difficulty in
sustaining a turnaround longer term.

SVU's business mix is more favorable in the wake of its March 2013
sale of its New Albertson's, Inc. (NAI) business to a Cerberus
Capital Management (Cerberus)-led consortium, reducing its
exposure to the competitive supermarket sector.  The independent
business (wholesale distribution) segment accounted for 36% of
EBITDA in the latest 12 months (LTM) ended Sept. 6, 2014, compared
with 28% for Save-A-Lot (grocery hard discount) and 36% for retail
food (traditional supermarkets).

SVU has been cutting expenses, decentralizing its supermarket
operations and investing in price reductions to revive sales
growth.  These efforts have led to progressively stronger
identical store (ID) sales at Save-A-Lot over the past year,
though at the expense of margins.  Slightly positive ID sales
growth at retail food trails that of other supermarket operators
and general food inflation.  Sales in the independent business
remain negative in the context of a long-term secular decline of
independent grocers.

Consolidated EBITDA increased to $754 million in fiscal 2014,
excluding restructuring charges and $60 million of one-time
transition services agreement (TSA) fees, from $650 million in
fiscal 2013, due to incremental TSA fees and savings from the
workforce reduction completed in 2014.  Fitch expects EBITDA to be
flat to slightly improved in fiscal 2015 as cost savings will be
mostly offset by ongoing price reductions.  Beyond fiscal 2015,
Fitch sees the potential for modest pressure on EBITDA from a wind
down of the TSA.

Higher EBITDA in fiscal 2014 and the repayment of $112 million of
debt led to a reduction in adjusted debt/EBITDAR to 4.3x at the
end of fiscal 2014, from 5.0x at the end of fiscal 2013.  Looking
ahead, Fitch expects free cash flow (FCF) will be used in part for
debt reduction and financial leverage will be stable to down
modestly in the low-4.0x range.

TSA Risk

The rating takes into account the risk to SVU's bottom line from a
termination of the TSA by NAI and/or Albertson's LLC.  The TSA was
recently extended by a year to run through Sept. 21, 2016, though
fees could begin to decline prior to that time should the
Albertson's entities dispose of any of their stores or
distribution centers or cancel any services, as they are permitted
to do.

The impact from this will depend on SVU's ability to manage down
its costs concurrent with any reduction in fees.  Assuming the
costs approximate the fees received and that half of the costs are
fixed in nature, there is a $95 million risk to SVU's EBITDA over
the near term should Safeway take over the services currently
provided by SVU.  This could potentially drive SVU's EBITDA from
$754 million in fiscal 2014 toward $660 million, pushing leverage
back up to around 5.0x from 4.3x at the end of fiscal 2014.  SVU
would still be FCF positive at around $100 million annually at
these levels.

Recovery Analysis

Fitch's ratings on individual debt issues are based on the IDR and
the expected recovery in a distressed scenario.  Fitch has
allocated across the capital structure an assumed enterprise value
of $2.9 billion (after administrative claims).  Fitch arrives at
this valuation by multiplying an assumed post-default EBITDA of
approximately $600 million by a 4.9x multiple.  The post-default
EBITDA assumes a 30% decline in EBITDA at retail food and the
independent business, and flat EBITDA at Save-A-Lot.  The multiple
is a blended multiple based on 4.0x for the retail food segment,
4.5x for the independent business and 6.5x for Save-A-Lot.

The $1 billion revolving ABL facility, which is assumed to be 70%
drawn, is backed by inventories, receivables and prescription
files, which Fitch collectively values at $1.2 billion.  The $1.5
billion term loan is backed by real estate with a book value of
$753 million and an estimated market value of $1 billion, and a
pledge of the shares of Moran Foods, LLC (Save-A-Lot), which Fitch
values at $1.4 billion, assuming a 6.5x multiple of EBITDA (net of
allocated corporate expenses).  As such, both facilities are
assumed to receive a full recovery, leading to a rating on both
facilities of 'BB/RR1'.

The senior unsecured notes are rated 'B/RR4', implying a 30%-50%
recovery.  Fitch believes that in a liquidation scenario, SVU's
company pension underfunding of $465 million and multiemployer
pension (MEPP) underfunding of $455 million would rank ahead of
the senior unsecured notes given the unique structural priorities
available to the PBGC and pension plan fiduciaries.  Therefore, in
a liquidation scenario, there would be no recovery to the senior
notes.

RATING SENSITIVITIES

A downgrade could result in the event of more negative operating
trends across the business, with top line declining in the 2%-3%
range, FCF turning negative and/or adjusted debt/EBITDAR moving
above 5.0x.

An upgrade could result from more robust top-line growth and
steady to improving EBITDA, supported by a turnaround of the Save-
A-Lot segment, a stabilization of the independent business, steady
results in the retail food segment and effective management of the
TSA wind down, causing adjusted debt/EBITDAR to improve to below
4.0x.

Fitch currently rates SVU as:

SUPERVALU INC.

   -- IDR at 'B';
   -- $1 billion secured revolving credit facility at 'BB/RR1';
   -- $1.5 billion secured term loan at 'BB/RR1';
   -- Senior unsecured notes at 'B/RR4'.

The Rating Outlook is Stable.


TRANS CONTINENTAL: Memo Opinion in Suntrust Suit Amended
--------------------------------------------------------
A Florida bankruptcy court entered on Nov. 5, 2014 an Amended
Memorandum Opinion Partially Granting Defendant's and Plaintiff's
Motions for Summary Judgment in the adversary case SONEET R.
KAPILA, as Chapter 11 Trustee for TRANS CONTINENTAL AIRLINES,
INC., Plaintiff, v. SUNTRUST MORTGAGE, INC., Defendant, Adversary
No. 6:09-ap-00474-KSJ, consolidated with Adversary No. 6:09-ap-
00050-KSJ (Bankr. M.D. Fla.).

The Memorandum Opinion is amended to correct a scrivener's error
in paragraph 1, sentence 1 located on page 12 of the Memorandum
Opinion.

A copy of the Amended Memorandum Opinion is available at
http://is.gd/NMRj93from Leagle.com.

Chapter 11 Trustee Soneet R. Kapila sought to avoid and recover
four prepetition transfers totaling $341,051 made by one of the
consolidated debtors, Trans Continental Airlines, Inc., to the
Defendant, SunTrust Mortgage, Inc., as mortgage payments for
Michael Crudele, a seller of the faux securities at the heart of
Lou Pearlman's Ponzi scheme.  The Chapter 11 Trustee filed a five-
count complaint to avoid the alleged actual and constructive
fraudulent transfers under Sec. 548 of the Bankruptcy Code and
Sec. 726 of the Florida Statutes (the Florida Uniform Fraudulent
Transfer Act).  Both parties sought summary judgment.  In a Sept.
26, 2014 Memorandum Opinion available at http://tiny.cc/psx4mx
from Leagle.com, Chief Bankruptcy Judge Karen S. Jennemann granted
both motions at least in part holding that the Transfers are
avoidable as constructively fraudulent transfers but that, as to
two Transfers totaling $238,540, the Trustee cannot recover the
monies from the Defendant under the "single satisfaction" rule.

            About Louis Pearlman & Trans Continental

Louis J. Pearlman started Trans Continental Records, which managed
boy bands such as the Backstreet Boys, 'N Sync, O-Town, Lyte Funky
Ones (LFO), Take 5, Natural and US5.  Other artists on the Trans
Continental's label included Aaron Carter, Jordan Knight, C Note,
and Smilez & Southstar.  Mr. Pearlman also owned Orlando, Florida-
based Trans Continental Airlines, Inc. -- http://www.t-con.com/--
which provided charter flight services to numerous destinations in
the U.S. and the Caribbean.

On March 1, 2007, creditors Tatonka Capital Corporation, First
National Bank & Trust Co. of Williston, and American Bank of St.
Paul, and Integra Bank filed an involuntary chapter 11 petition
against Mr. Pearlman and his company, Trans Continental Airlines,
Inc. (Bankr. M.D. Fla. Case Nos. 07-00761 and 07-00762).  The
creditors disclosed an aggregate of more than $40 million in
claims.

Soneet R. Kapila was appointed as the Chapter 11 trustee to
oversee Mr. Pearlman's estate.  He is represented by Denise D.
Dell-Powell, Esq., and Jill E. Kelso, Esq., at Akerman Senterfitt,
and Gregory M. Garno, Esq., and Paul J. Battista, Esq., at
Genovese Joblove & Battista PA.

The related cases incorporate a classic Ponzi scheme of roughly
$500 million and transactions intertwined in over 100 related
entities, according to Kapila & Company.  The number of investors
and loss victims exceeds 1,400 and the case involves investigation
of off-shore assets.

Fletcher Peacock, Esq., served as Mr. Pearlman's legal counsel.

Tatonka Capital is represented by Derek F. Meek, Esq., and Robert
B. Rubin, Esq., at Burr & Forman LLP, and Richard B Webber, II,
Esq., Zimmerman Kiser & Sutcliffe PA.  First national Bank is
represented by Raymond V. Miller, Esq., at Gunster Yoakley &
Stewart PA, and Richard P. Olson, Esq., at Olson & Burns PC.
American Bank of St. Paul is represented by William P. Wassweiler,
Esq., at Rider Bennett LLP.  Integra bank is represented by
Lawrence E. Rifken, Esq., at McGuire Woods LLP.

The Official Committee of Unsecured Creditors of Trans Continental
is represented by Robert J. Feinstein, Esq. at Pachulski Stang
Ziehl & Jones LLP.

The debtors in the jointly administered cases are: Louis J.
Pearlman; Louis J. Pearlman Enterprises, Inc.; Louis J. Pearlman
Enterprises, LLC; TC Leasing, LLC; Trans Continental Airlines,
Inc., Trans Continental Aviation, Inc.; Trans Continental
Management, Inc.; Trans Continental Publishing, Inc.; Trans
Continental Records, Inc.; Trans Continental Studios, Inc.; and
Trans Continental Television Productions, Inc.

In addition, a related corporation, F.F. Station, LLC, filed a
separate voluntary Chapter 11 case on Feb. 20, 2007 (Bankr. M.D.
Fla. Case No. 07-575); however, the case is not jointly
administered with the cases of the other Debtors.


TRAVELPORT LIMITED: Suspending Filing of Reports With SEC
---------------------------------------------------------
Travelport Limited filed a Form 15 with the U.S. Securities and
Exchange Commission to terminate the registration of these
securities:

* 11.875% Dollar Senior Subordinated Fixed Rate Notes due 2016

* 10.875% Senior Subordinated Euro Fixed Rate Notes due 2016

* Senior Floating Rate Notes due 2016

* 13.875% Senior Fixed Rate Notes due 2016

* 11.875% Senior Subordinated Fixed Rate Notes due 2016

Following the previously disclosed entry into the new first lien
credit facilities by Travelport Limited, on Oct. 2, 2014,
Travelport LLC and Travelport Holdings, Inc. (subsidiaries of the
Company) redeemed all of their principal outstanding 11.875%
Dollar Senior Subordinated Fixed Rate Notes due 2016, 10.875%
Senior Subordinated Euro Fixed Rate Notes due 2016, Senior
Floating Rate Notes due 2016, 13.875% Senior Fixed Rate Notes due
2016 and 11.875% Senior Subordinated Fixed Rate Notes due 2016 and
satisfied and discharged each of the indentures governing the
Notes.  There are currently no Notes outstanding and no holders of
record.  As such, the Company is no longer obligated to file
reports under sections 13 and 15(d) of the Securities Exchange Act
of 1934 or under the indentures that governed the Notes.

Therefore, the Company filed the Form 15 with the SEC to effect
the de-registration of its Notes.  Upon filing the Form 15, the
Company will have no obligation to file reports with the SEC,
including Forms 10-K, 10-Q and 8-K.

                     About Travelport Holdings

Headquartered in Atlanta, Georgia, Travelport provides transaction
processing services to the travel industry through its global
distribution system business, which includes the group's airline
information technology solutions business.  During FYE2011, the
group reported revenues and adjusted EBITDA of US$2 billion and
US$507 million, respectively.

For the year ended Dec. 31, 2013, the Company reported a net loss
attributable to the Company of $192 million on $2.07 billion of
net revenue as compared with a net loss attributable to the
Company of $236 million on $2 billion of net revenue in 2012.
The Company's balance sheet at Dec. 31, 2013, showed $3.08 billion
in total assets, $4.39 billion in total liabilities and a $1.31
billion total deficit.

As of June 30, 2014, Travelport Limited had $3.01 billion in total
assets, $4.08 billion in total liabilities and a $1.06 billion
total deficit.

                           *     *     *

As reported by the TCR on May 1, 2013, Standard & Poor's Ratings
Services said that it raised its long-term corporate credit
ratings on Travelport Holdings Ltd. and indirect primary operating
subsidiary Travelport LLC (together, Travelport) to 'CCC+' from
'SD' (selective default).  The rating action follows S&P's review
of Travelport's business and financial risk profiles after it
downgraded the group to 'SD' on April 16, 2013.

The TCR reported on Oct. 3, 2014, that Moody's Investors service
has upgraded Travelport Limited's (Travelport) corporate family
rating (CFR) to B2 from B3.  The rating action follows the
completion of Travelport's Initial Public Offering (IPO) and
concludes the review for upgrade which was initiated on 16
September 2014.


TRIGEANT HOLDINGS: Jan. 7 Hearing on Approval of Plan Outline
-------------------------------------------------------------
U.S. Bankruptcy Judge Erik Kimball is set to hold a hearing on
Jan. 7 to consider final approval of the outlines of Trigeant
Holdings Ltd.'s plan to exit Chapter 11 protection.

The bankruptcy judge will also consider at the hearing whether to
confirm or not the company's restructuring plan.  Objections to
the plan are due by Dec. 29.

Judge Kimball earlier entered an order conditionally approving the
disclosure statement outlining the plan.  Had the bankruptcy judge
refused to sign the order, Trigeant's sale agreement with Gravity
Midstream Corpus Christi LLC would have been terminated, according
to court filings.

Trigeant's restructuring plan is hinged on the sale of most of its
assets to Gravity Midstream, which agreed to pay the company $100
million.

The restructuring plan will be sent to creditors for approval.
Trigeant creditors entitled to vote on the plan have until Dec. 31
to file their ballots.  A copy of the latest outline of the plan
is available for free at http://is.gd/vlCKzC

Separately, Judge Kimball granted in part the motion filed on
Sept. 16 by Trigeant in which the company made several requests
including an exemption from the requirement to solicit acceptances
of the plan.

In a five-page order, Judge Kimball approved the procedures
proposed by Trigeant to cure monetary defaults with respect to
contracts that will be assigned to Gravity Midstream while denying
other relief requested in the motion.

A copy of the court order is available without charge at
http://is.gd/1ZeEKY

                     About Trigeant Holdings

Trigeant Holdings, Ltd., and Trigeant, LLC, filed separate Chapter
11 bankruptcy petitions (Bankr. S.D. Fla. Case Nos. 14-29027 and
14-29030, respectively) on Aug. 25, 2014.  Berger Singerman LLP
serves as the Debtor's counsel.  Trigeant Holdings estimated both
assets and liabilities of $50 million to $100 million.

The Debtors filed on Sept. 16, 2014, their Joint Plan of
Reorganization under Chapter 11 of the Bankruptcy Code.  The Plan
is premised on the sale of substantially all of the Debtors'
assets to Gravity Midstream Corpus Christi, LLC.  The Plan
provides that holders of Allowed Claims will be paid in full, in
cash.

The U.S. Trustee for Region 21 has not appointed a committee of
unsecured creditors.


TRIGEANT HOLDINGS: Disclosures OK'd; Jan. 7 Plan Hearing Set
------------------------------------------------------------
The Bankruptcy Court, according to Trigeant Holdings, Ltd., et
al.'s case docket, conditionally approved adequacy of information
in the Amended Disclosure Statement explaining the Chapter 11
Plan.

Final approval of the Disclosure Statement and confirmation of
Plan is scheduled for Jan. 7, 2015, at 9:30 a.m.

Dec. 31, 2014, is set as deadline for (i) objections to the
Disclosure Statement and the Plan; and (ii) ballots accepting or
rejecting the Plan.

The Debtors has requested that the Court conditionally approve the
Disclosure Statement by Oct. 30, because as noted in the
amendments to the asset purchase agreement, if an order
conditionally approving the Disclosure Statement is not entered by
5:00 p.m. on Oct. 30, the buyer may terminate the APA without
penalty and the estates will lose the benefit of the $100,000,000
transaction.

As reported in the Troubled Company Reporter on Oct. 21, 2014,
the Debtors filed their First Amended Joint Plan on Oct. 8, 2014.

The Plan provides that on the Effective Date, except as provided
in the Plan, all of the Debtors' assets will vest in and be
retained by the Reorganized Debtors under the control of the
holders of Equity Interests and existing management.  In order to
achieve the results outlined in the Plan, the Plan provides for
and implements the sale to the buyer.

The Plan Proponents believe that the Sale is in the best interests
of the Debtors' creditors as it will generate sufficient proceeds
to pay all creditors of the Debtors in full.  The Debtors also
believe that the Sale is in the best interests of the Debtors'
Equity Interest holders, as they will receive a meaningful return
and the highest and best value offered for the Purchased Assets.

The Claims and Interests against the bankruptcy estates are
divided into nine Classes:

   * Class - 1 Priority Claims;
   * Class - 2 Disputed Secured Claim of BTB;
   * Class - 3 Secured Claim of PDVSA;
   * Class - 4 Miscellaneous Secured Claims;
   * Class - 5 General Unsecured Claims against Trigeant;
   * Class - 6 Equity Interests in Trigeant;
   * Class - 7 Claims Against LLC and Holdings;
   * Class - 8 Equity Interests in LLC; and
   * Class - 9 Equity Interests in Holdings.

Under the Plan, certain Claims -- in particular, Administrative
Expense Claims, DIP Claims, Statutory Fees, Professional Claims,
Priority Non-Tax Claims and Priority Tax Claims -- remain
unclassified in accordance with Section 1123(a)(1) of the
Bankruptcy Code.

The Plan Proponents estimate that the holders of Allowed Claims
and Allowed Equity Interests will receive these treatments under
the Plan: (i) the holders of Allowed unclassified Claims will
receive the full amount of their Allowed Claims in Cash; and (ii)
the holders of Allowed Claims and Equity Interests in Classes 1-9
will receive the treatments detailed in the Plan, all of which are
sufficient to render each Class unimpaired.

Harry Sargeant III has disputed the Debtors' premise that Class 9
is unimpaired.  Accordingly, out of an abundance of caution, the
Debtors have determined to solicit votes in Class 9 in the event
that the Bankruptcy Court were to determine that Class 9 is
impaired.

Trigeant estimates that the amount of Claims filed and scheduled
against its Estate totals approximately $97,272,602 (unadjusted
for any claim objections).  Holdings estimates that the amount of
Claims filed and scheduled against its Estate totals approximately
$13,007,165 (unadjusted for any claim objections).  LLC estimates
that the amount of Claims filed and scheduled against its Estate
totals approximately $87,424,206 (unadjusted for any claim
objections), and including some duplication of Claims against
Holdings.

The Debtors project that Classes 1-9 will have a distribution to
pay allowed Equity Interests in the approximate aggregate amount
of at least approximately $7,928,670 after the claims objection
and reduction process is completed (prior to any reduction to any
claim held by BTB or PDVSA).

As the Liquidation Analysis will show, the Plan Proponents believe
that the Distributions under the Plan will provide Creditors of,
and holders of Equity Interests in, the Debtors a greater recovery
on account of Allowed Claims and Allowed Equity Interests than
would Distributions by a chapter 7 trustee.  Furthermore,
Distributions under the Plan will be made more quickly than
distributions by a chapter 7 trustee, and a chapter 7 trustee
would be entitled to seek a commission, thereby, reducing the
amount available for distribution to Creditors and Equity Interest
holders on account of Allowed Claims and Allowed Equity Interests.

The Bankruptcy Court has scheduled a hearing to consider
confirmation of the Plan starting January 7, 2015, at 9:30 a.m.

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

   * http://bankrupt.com/misc/TrigeantHoldings_1stAmd_Plan.pdf
   * http://bankrupt.com/misc/TrigeantHoldings_1stAmd_DS.pdf

                     About Trigeant Holdings

Trigeant Holdings, Ltd., and Trigeant, LLC, filed separate Chapter
11 bankruptcy petitions (Bankr. S.D. Fla. Case Nos. 14-29027 and
14-29030, respectively) on Aug. 25, 2014.  Berger Singerman LLP
serves as the Debtor's counsel.  Trigeant Holdings estimated both
assets and liabilities of $50 million to $100 million.

The Debtors filed on Sept. 16, 2014, their Joint Plan of
Reorganization under Chapter 11 of the Bankruptcy Code.  The Plan
is premised on the sale of substantially all of the Debtors'
assets to Gravity Midstream Corpus Christi, LLC.  The Plan
provides that holders of Allowed Claims will be paid in full, in
cash.


TRIGEANT LTD: Taps Greenberg Traurig as General Bankr. Counsel
--------------------------------------------------------------
Trigeant Ltd. and its debtor-affiliates seek permission from the
U.S. Bankruptcy Court for the Southern District of Florida to
employ Mark D. Bloom and Greenberg Traurig, P.A. as general
counsel, nunc pro tunc to Oct. 27, 2014.

The Debtors anticipate that Greenberg Traurig may render these
services in these Chapter 11 Cases:

   (a) providing legal advice with respect to the Debtors' powers
       and duties as debtors in possession in the continued
       operation of their business and management of their
       property;

   (b) negotiating, drafting, and pursuing all documentation
       necessary in these Chapter 11 Cases;

   (c) preparing on behalf of the Debtors, all applications,
       motions, answers, orders, reports, and other legal papers
       necessary to the administration of the Debtors' estates;

   (d) appearing in Court and protecting the interests of the
       Debtors before the Court;

   (e) assisting with any disposition of the Debtors' assets, by
       sale or otherwise;

   (f) negotiating and taking all necessary or appropriate actions
       in connection with a plan or plans of reorganization and
       all related documents and transactions contemplated
       therein;

   (g) attending all meetings and negotiating with representatives
       of creditors, the U.S. Trustee, and other parties-in-
       interest;

   (h) providing legal advice regarding bankruptcy law, corporate
       law, corporate governance, securities, real estate, energy
       and natural resources, employment, transactional, tax,
       labor, litigation, intellectual property, and other issues
       to the Debtors in connection with the Debtors' ongoing
       business operations; and

   (i) performing all other legal services for and providing all
       other necessary legal advice to the Debtors which may be
       necessary and proper in these Chapter 11 Cases.

Greenberg Traurig will be paid at these hourly rates:

       Mark D. Bloom                   $745
       Scott M. Grossman               $530
       John R. Dodd                    $385
       Maribel Fontanez, Paralegal     $250
       Shareholders                    $350-$1,150
       Of Counsel                      $350-$1,115
       Associates                      $100-$735
       Legal Assistants/Paralegals     $100-$380

Other attorneys and paralegals will render services to the Debtors
as needed, with the understanding that absent prior approval of
the Debtors no such attorney will bill at an hourly rate in excess
of $745 in these cases.

Greenberg Traurig will also be reimbursed for reasonable out-of-
pocket expenses incurred.

Greenberg Traurig has requested, but has yet to receive, a post-
petition retainer in the amount of $25,000 from property of the
Debtors' estates, but has neither sought nor received any other
form of compensation for the proposed services to be rendered.

Mark D. Bloom, principal shareholder of Greenberg Traurig, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

The Court for the Southern District of Florida will hold a hearing
on the application on Nov. 19, 2014, at 1:30 p.m.

Greenberg Traurig can be reached at:

       Mark D. Bloom, Esq.
       GREENBERG TRAURIG, P.A.
       333 S.E. Second Ave., Suite 4400
       Miami, FL 33131
       Tel: +1 (305) 579-0537
       E-mail: bloomm@gtlaw.com

                        About Trigeant

Trigeant, Ltd., owner of a crude processing unit and terminal
facility located in Corpus Christi, Texas, sought Chapter 11
protection (Bankr. Case No. 14-30727), on Sept. 16, 2014.

The Debtors have tapped Berger Singerman LLP as counsel.

Aside from the proposed Chapter 11 plan, the Debtors on the
petition date filed motions for joint administration of their
Chapter 11 cases and to pay prepetition wages and benefits to
employees.


U.S. TELEPACIFIC: S&P Rates $530MM Secured Credit Facilities 'B-'
-----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B-' issue-level
rating and '4' recovery rating to U.S. TelePacific Holdings Corp.
subsidiary U.S. TelePacific Corp.'s aggregate $530 million secured
credit facilities.  The new facilities comprise a $505 million
term loan B due 2020 and a $25 million revolver due 2019.  The
bulk of the proceeds of the new term loan will be used to repay
the current $470 million term loan; S&P expects the revolver to be
undrawn at close.  The '4' recovery rating indicates S&P's
expectation for average (30% to 50%) recovery for secured
creditors in the event of a payment default.  Recovery is at the
lower end of this range.  S&P expects to revise its liquidity
assessment to "adequate" from "less than adequate" after the new
facilities close to reflect greater the cushion on financial
covenants.  However, that revision does not affect the corporate
credit rating, which remains at B-/Stable/--.

Los Angeles, Calif.-based U.S. TelePacific is a competitive local
exchange carrier (CLEC) that provides telecommunications services
to business customers in California, Nevada, and Texas. U.S.
TelePacific faces intense competition, including from much larger
and financially stronger companies, and lacks material,
sustainable competitive advantages.  While the company offers a
full suite of competitive telecommunication services, it
ultimately depends on other carriers to complete the "last mile"
connection to many of its customers. Our assessment of U.S.
TelePacific's "highly leveraged" financial risk profile
incorporates S&P's expectation of leverage in the mid to upper 5x
range, including its adjustments, as well as the company's private
equity ownership.

RATINGS LIST

U.S. TelePacific Holdings Corp.
Corporate Credit Rating              B-/Stable/--

New Rating

U.S. TelePacific Corp.
$505 mil. secured term
  loan B due 2020                     B-
   Recovery rating                    4

$25 mil. secured revolving credit
  facility due 2019                   B-
   Recovery rating                    4


VERITEQ CORP: Signs Securities Purchase Agreement With Magna
------------------------------------------------------------
VeriTeQ Corporation disclosed in a regulatory filing with the U.S.
Securities and Exchange Commission that on Nov. 3, 2014, it
entered into a securities purchase agreement with Magna Equities
II, LLC, an accredited investor pursuant to which the Company
issued and sold to Magna a convertible promissory note, bearing
interest at 12% per annum in the principal amount of $67,500.  In
accordance with the terms of the SPA, the Company expects to issue
additional promissory notes with an aggregate principal amount of
$162,500 prior to Nov. 30, 2014, on substantially identical terms.
The Company expects to receive net proceeds of approximately
$220,000 from the sale of the November 2014 Notes, which would be
used for general corporate purposes.  In addition, the SPA
contemplates the sale of additional notes under the SPA with an
aggregate principal amount of $230,000, contingent upon the
Company filing an amendment to its Amended and Restated
Certificate of Incorporation to increase the number shares of
common stock that the Company is authorized to issue to 10
billion, which requires approval of a majority of the outstanding
shares of the Company's common stock and Series D Preferred Stock
on an as converted basis.  The December 2014 Notes are to be on
substantially identical terms to the November 2014 Notes.

Each of the November 2014 Notes and December 2014 Notes will
mature approximately one year after its date of issuance, and may
be converted in whole or in part into the Company's common stock,
at the option of the holder, at a conversion price equal to 60% of
the average of the three lowest daily trading prices in the ten
trading days prior to the day that the holder requests conversion.
Trading price means, as of any date, the lowest trading price on
the OTC Pink, or applicable trading market as reported by a
reliable reporting service mutually acceptable to the Company and
to Magna.  However, in no event shall Magna be entitled to convert
any portion of the November 2014 Notes if such conversion would
result in beneficial ownership by the holder and its affiliates of
more than 4.99% of the outstanding shares of the Company's common
stock, subject to possible adjustment as provided in the November
2014 Notes.  In addition, if at any time less than 25% of the
original principal amount of promissory notes issued by the
company on Nov. 13, 2013, is outstanding, the November 2014 Notes
and the December 2014 Notes will be automatically amended to allow
Magna an optional conversion price of $0.015 per share.

      Sale and Assignment Agreement Dated October 31, 2014

In conjunction with entering into the SPA with the Company, the
Magna entered into a Sale and Assignment Agreement with Hudson Bay
Master Fund Ltd., whereby Magna purchased from the Assignor (i) a
promissory note issued to the Assignor by the Company on Nov. 13,
2013 with a current principal amount of $129,667 and (ii) a
promissory note issued to the Assignor by the Company on May 30,
2014 in the principal amount of $222,330. Under the terms of the
Sale and Assignment Agreement, Magna received all of the rights
and assumed all of the obligations of the Assignor with respect to
these promissory notes.  Concurrent with the execution of the Sale
and Assignment Agreement, the Company entered into a Joinder
Agreement with Magna whereby the Company acknowledged the Magna's
rights under the Sale and Assignment Agreement and that Magna is
now a party to the securities purchase agreements entered into by
the Company on Nov. 13, 2013, and May 30, 2014.

Effective as of Oct. 31, 2014, the Company entered into a Second
Amendment Agreement with certain parties to the securities
purchase agreement dated Nov. 13, 2013.  Under the terms of the
Second Amendment Agreement, the holders of certain notes
outstanding under the Nov. 13, 2013, securities purchase
agreement, with a current aggregate principal amount of
approximately $0.7 million, agreed to extend the maturity date of
the notes from Nov. 13, 2014, to July 13, 2015.

         Agreements to Convert Liabilities into Equity

In connection with the entering into the SPA with Magna, the
Company also entered into agreements with Scott Silverman, the
Company's chief executive officer, and Randolph Geissler, the
Company's President, whereby Messrs. Silverman and Geissler agreed
to convert amounts owed to them by the Company of $1.4 million and
$441,0000, respectively, into a total of 1,841 shares of the
Company?s newly designated Series D Convertible Preferred Stock,
par value $0.01 per share.  The Series D Preferred Stock issued
under this agreement will vest on Jan. 1, 2017.  If Mr. Silverman
or Mr. Geissler separate from the Company because of a termination
for cause or by resigning without good reason, as defined under
the terms of their respective employment agreements, then they
shall forfeit the shares of Series D Preferred Stock acquired
under this agreement.  The Series D Preferred Stock will
automatically vest upon a change of control event.

As a result of the issuance of the Series D Preferred Stock and
the associated conversion of debts to equity, Mr. Silverman, who
until June of 2014 held a majority of the outstanding voting
securities of the Company, once again holds a majority of the
voting securities of the Company.

A full-text copy of the Form 8-K is available at:

                       http://is.gd/RmTz1p

                          About VeriTeQ

VeriTeQ (formerly known as Digital Angel Corporation) develops
innovative, proprietary RFID technologies for implantable medical
device identification, and dosimeter technologies for use in
radiation therapy treatment.  VeriTeQ offers the world's first FDA
cleared RFID microchip technology that can be used to identify
implantable medical devices, in vivo, on demand, at the point of
care.  VeriTeQ's dosimeters provide patient safety mechanisms
while measuring and recording the dose of radiation delivered to a
patient in real time.  For more information on VeriTeQ, please
visit www.veriteqcorp.com

Veriteq Corporation reported a net loss of $15.07 million on
$18,000 of sales for the year ended Dec. 31, 2013, as compared
with a net loss of $1.60 million on $0 of sales for the year ended
Dec. 31, 2012.  As of June 30, 2014, the Company had $7.04 million
in total assets, $14.16 million in total liabilities and a $7.12
million total stockholders' deficit.

EisnerAmper LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has incurred recurring net losses, and at Dec. 31,
2013, had negative working capital and a stockholders' deficit.
These events and conditions raise substantial doubt about the
Company's ability to continue as a going concern.


VIRGINIA BROADBAND: Court Rules on Objections to Ex-CEO Claims
--------------------------------------------------------------
A Virginia bankruptcy court denied the requests of Virginia
Broadband LLC with respect to its objections to the claims of its
former member, Warren Manuel.

Mr. Manuel worked as CEO of Virginia Broadband from 2004 until
October 2010 and again from February 2011 to August 2012.  He
filed three claims in Virginia Broadband's bankruptcy case --
Claim Nos. 24, 25 and 26.  The first two claims are for amounts
Mr. Manuel loaned to the Debtor, while the third claims is for
"business expenses" incurred for the Debtor.

Virginia Broadbank objected to Mr. Manuel's claims, asking the
Court to (1) disallow Mr. Manuel's claims; or (2) equitably
subordinate Mr. Manuel's claims pursuant to Bankruptcy Code
section 510; or (3) re-characterize Mr. Manuel's claims from
general unsecured to equity.

In a Nov. 5, 2014 Memorandum Decision available at
http://is.gd/Ugmf8efrom Leagle.com, Chief Bankruptcy Judge
Rebecca B. Connelly overrules the Debtor's objection to Claim Nos.
24 and 25 and partially sustains and partially overrules the
objection to Claim No. 26.  The Court said it will not equitably
subordinate or re-characterize the claims filed by Mr. Manuel.

                      About Virginia Broadband

Virginia Broadband, LLC, in Culpeper, Virginia, filed for Chapter
11 bankruptcy (Bankr. W.D. Va. Case No. 12-62535) on Nov. 5, 2012,
in Lynchburg.  Judge William E. Anderson was first assigned to the
case.  Richard C. Maxwell, Esq. -- rmaxwell@woodsrogers.com -- at
Woods Rogers PLC serves as counsel to the Debtor.  In its
petition, VABB estimated $1 million to $10 million in assets and
debts.  A list of the Company's 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/vawb12-62535.pdf
The petition was signed by Robert M. Sullivan, president.


WIZARD WORLD: Posts $537,800 Net Income in Third Quarter
--------------------------------------------------------
Wizard World, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
attributable to common stockholders of $537,804 on $6.86 million
of convention revenue for the three months ended Sept. 30, 2014,
compared to a net loss attributable to common stockholders of
$1.21 million on $4.11 million of convention revenue for the same
period in 2013.

For the nine months ended Sept. 30, 2014, the Company reported net
income attributable to common stockholders of $1.98 million on
$19.14 million of convention revenue compared to a net loss
attributable to common stockholders of $3.29 million on $8.80
million of convention revenue for the same period last year.

As of Sept. 30, 2014, the Company had $7.95 million in total
assets, $3.12 million in total liabilities and $4.82 million in in
total stockholders' equity.

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

                        http://is.gd/rfa2G6

                         About Wizard World

Based in New York, N.Y., Wizard World, Inc., is a producer of pop
culture and multimedia conventions ("Comic Cons") across North
America that markets movies, TV shows, video games, technology,
toys, social networking/gaming platforms, comic books and graphic
novels.  These Comic Cons provide sales, marketing, promotions,
public relations, advertising and sponsorship opportunities for
entertainment companies, toy companies, gaming companies,
publishing companies, marketers, corporate sponsors and retailers.

Wizard World incurred a net loss attributable to common
stockholders of $3.88 million in 2013, a net loss attributable to
common stockholders of $3.13 million in 2012 and a net loss of
$2.01 million in 2011.


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

In re Carl Joseph Winski and Anna Winski
   Bankr. D. Ariz. Case No. 14-16492
      Chapter 11 Petition filed November 3, 2014

In re S.T.I. Inc. Trucking and Materials
         dba Schweizer Transportation Inc.
   Bankr. C.D. Cal. Case No. 14-23544
     Chapter 11 Petition filed November 3, 2014
         See http://bankrupt.com/misc/cacb14-23544.pdf
         represented by: Stephen R Wade, Esq.
                         THE LAW OFFICES OF STEPHEN R. WADE
                         E-mail: srw@srwadelaw.com

In re Robin T. Tyson
   Bankr. M.D. Fla. Case No. 14-05412
      Chapter 11 Petition filed November 3, 2014

In re Mary E. Gerald
   Bankr. M.D. Fla. Case No. 14-13036
      Chapter 11 Petition filed November 3, 2014

In re Manhattan Construction Investment, Inc.
   Bankr. S.D. Fla. Case No. 14-34501
     Chapter 11 Petition filed November 3, 2014
         See http://bankrupt.com/misc/flsb14-34501.pdf
         represented by: D. Jean Ryan, Esq.
                         RYAN LAW FIRM, P.A.
                         E-mail: courtmail@ryanlawpa.com

In re East Point Industrial Properties, LLC
   Bankr. N.D. Ga. Case No. 4-71719
     Chapter 11 Petition filed November 3, 2014
         Filed Pro Se

In re Suraya M Dahleh
   Bankr. N.D. Ill. Case No. 14-40007
      Chapter 11 Petition filed November 3, 2014

In re El Patron Restaurant of Southaven LLC
   Bankr. N.D. Miss. Case No. 14-14112
     Chapter 11 Petition filed November 3, 2014
         See http://bankrupt.com/misc/msnb14-14112.pdf
         represented by: Gwendolyn Baptist-Hewlett, Esq.
                         THE BAPTIST LAW FIRM PLLC
                         E-mail: sd@baptistlaw.com

In re Beatrice Management Group Inc.
   Bankr. D. Nev. Case No. 14-17386
     Chapter 11 Petition filed November 3, 2014
         See http://bankrupt.com/misc/nvb14-17386.pdf
         represented by: James R. Rosenberger
                         HILTON & ASSOCIATES
                         E-mail: jrosenberger@prlawlv.com

In re Nello Gonfiantini, III
   Bankr. D. Nev. Case No. 14-51838
      Chapter 11 Petition filed November 3, 2014

In re Sonny Chatrath
   Bankr. D.N.J. Case No. 14-32462
      Chapter 11 Petition filed November 3, 2014

In re Gregory A Miller and Lois A. Miller
   Bankr. E.D.N.C. Case No. 14-06361
      Chapter 11 Petition filed November 3, 2014

In re Christ Gospel Apostolic Church
   Bankr. E.D. Pa. Case No. 14-18760
     Chapter 11 Petition filed November 3, 2014
         See http://bankrupt.com/misc/paeb14-18760.pdf
         represented by: Allen B. Dubroff, Esq.
                       ALLEN B. DUBROFF, ESQUIRE & ASSOCIATES, LLC
                         E-mail: allen@dubrofflawllc.com

In re Hector Arnaldo Rivera Rosado and Vilma Iris Roman Cruz
   Bankr. D.P.R. Case No. 14-09124
      Chapter 11 Petition filed November 3, 2014

In re Professional Diving Snorkeling Cent. Inc.
   Bankr. D.P.R. Case No. 14-09135
     Chapter 11 Petition filed November 3, 2014
         See http://bankrupt.com/misc/prb14-09135.pdf
         represented by: Amaris Quinones Vargas, Esq.
                         BUFETE QUINONES VARGAS & ASOC
                         E-mail: damarisqv@bufetequinones.com

In re Ronald C. Nowling and Gail P. Nowling
   Bankr. M.D. Tenn. Case No. 14-08763
      Chapter 11 Petition filed November 3, 2014

In re Douglas Alan Witter
   Bankr. M.D. Tenn. Case No. 14-08765
      Chapter 11 Petition filed November 3, 2014

In re 6700 Bridge, LLC
   Bankr. N.D. Tex. Case No. 14-44490
     Chapter 11 Petition filed November 3, 2014
         See http://bankrupt.com/misc/txnb14-44490.pdf
         represented by: Eric A. Liepins, Esq.
                         ERIC A. LIEPINS, P.C.
                         E-mail: eric@ealpc.com

In re Travis Ray Phillips
   Bankr. W.D. Tex. Case No. 14-11659
      Chapter 11 Petition filed November 3, 2014

In re Timothy L. Stutzman and Kathleen M. Stutzma
   Bankr. D. Ariz. Case No. 14-16541
      Chapter 11 Petition filed November 4, 2014

In re Roy L. Jones, Jr.
   Bankr. N.D. Fla. Case No. 14-31200
      Chapter 11 Petition filed November 4, 2014

In re Emmaus Road Missionary Baptist Church Inc.
   Bankr. N.D. Ga. Case No. 14-71880
     Chapter 11 Petition filed November 4, 2014
         Filed Pro Se

In re Jevon Richard Piccard
   Bankr. W.D. Mich. Case No. 14-07019
      Chapter 11 Petition filed November 4, 2014

In re Asian Expandere, Inc.
   Bankr. E.D.N.Y. Case No. 14-45628
     Chapter 11 Petition filed November 4, 2014
         See http://bankrupt.com/misc/nyeb14-45628.pdf
         Filed Pro Se

In re Insia Enterprises, Inc., Insia Enterprises, Inc.
   Bankr. S.D. Tex. Case No. 14-36171
     Chapter 11 Petition filed November 4, 2014
         See http://bankrupt.com/misc/txsb14-36171.pdf
         represented by: Ennio J. Diaz, Esq.
                         THE LAW OFFICE OF ENNIO J. DIAZ
                         E-mail: enniodiaz@aol.com

In re G Karl Enterprises, LLC
   Bankr. W.D. Wis. Case No. 14-14722
     Chapter 11 Petition filed November 4, 2014
         See http://bankrupt.com/misc/wiwb14-14722.pdf
         represented by: Kristin J. Sederholm, Esq.
                         KREKELER STROTHER, S.C.
                         E-mail: ksederho@ks-lawfirm.com

In re Southern Courts Inc.
   Bankr. N.D. W.Va. Case No. 14-01223
     Chapter 11 Petition filed November 4, 2014
         See http://bankrupt.com/misc/wvnb14-01223.pdf
         represented by: Thomas H. Fluharty, Esq.
                         E-mail: THFDEBTATTY@wvdsl.net

In re Maria Teresa Estandarte Mabugat
   Bankr. C.D. Cal. Case No. 14-15035
      Chapter 11 Petition filed November 5, 2014

In re Brandi Kathleen Issac
   Bankr. C.D. Cal. Case No. 14-15037
      Chapter 11 Petition filed November 5, 2014

In re James Frederick Barth, Sr.
   Bankr. C.D. Cal. Case No. 14-30869
      Chapter 11 Petition filed November 5, 2014

In re Raifyeel Mahome
   Bankr. M.D. Fla. Case No. 14-05438
      Chapter 11 Petition filed November 5, 2014

In re Gabreal A. Fitzhugh and Katey M. Fitzhugh
   Bankr. M.D. Fla. Case No. 14-05444
      Chapter 11 Petition filed November 5, 2014

In re Nikhil Babu
   Bankr. E.D.N.Y. Case No. 14-45647
      Chapter 11 Petition filed November 5, 2014

In re Enchanted Coach Corp.
   Bankr. S.D.N.Y. Case No. 14-23550
     Chapter 11 Petition filed November 5, 2014
         See http://bankrupt.com/misc/nysb14-23550.pdf
         represented by: Anne J. Penachio, Esq.
                         PENACHIO MALARA, LLP
                         E-mail: apenachio@pmlawllp.com

In re Fashion Show District, Inc.
   Bankr. D.P.R. Case No. 4-09201
     Chapter 11 Petition filed November 5, 2014
         See http://bankrupt.com/misc/prb14-09201.pdf
         represented by: Jesus Enrique Batista Sanchez
                         THE BATISTA LAW GROUP, P.S.C.
                         E-mail: rosafblg@gmail.com

In re Floyd M. Martin, Jr.
   Bankr. E.D. Va. Case No. 14-74037
      Chapter 11 Petition filed November 5, 2014

In re Assisted Living America, LLC
        aka Assisted Living America.Org, Inc.
   Bankr. D. Ariz. Casee No. 14-16645
     Chapter 11 Petition filed November 6, 2014
         See http://bankrupt.com/misc/azb14-16645.pdf
         represented by: Allan D. Newdelman, Esq.
                         ALLAN D. NEWDELMAN, P.C.
                         E-mail: anewdelman@adnlaw.net

In re Richard George Beach
   Bankr. N.D. Cal. Case No. 14-54514
      Chapter 11 Petition filed November 6, 2014

In re William Carl Swanson and Maria G. Smietana
   Bankr. S.D. Ind. Case No. 14-10178
      Chapter 11 Petition filed November 6, 2014

In re 33 Main Street Realty, LLC
   Bankr. D. Mass. Case No. 14-42444
     Chapter 11 Petition filed November 6, 2014
         See http://bankrupt.com/misc/mab14-42444.pdf
         represented by: Patrick Martin, Esq.
                         ROSENBERG & WEINBERG
                         E-mail: pmartin@jrhwlaw.com

In re Detroit Auto Recovery, Inc.
   Bankr. E.D. Mich. Case No. 14-57314
     Chapter 11 Petition filed November 6, 2014
         See http://bankrupt.com/misc/mieb14-57314.pdf
         represented by: Jay S. Kalish, Esq.
                         JAY S. KALISH & ASSOCIATES, P.C.
                         E-mail: JSKalish@aol.com

In re Apolinar Rodriguez
   Bankr. D. Nev. Case No. 14-17471
      Chapter 11 Petition filed November 6, 2014

In re Granite State Plasma Cutting Ltd.
   Bankr. D. N.H. Case No. 14-12165
     Chapter 11 Petition filed November 6, 2014
         See http://bankrupt.com/misc/nhb14-12165.pdf
         represented by: William S. Gannon, Esq.
                         WILLIAM S. GANNON, PLLC
                         E-mail: bgannon@gannonlawfirm.com

In re Harmony Metal Products North Inc.
   Bankr. D. N.H. Case No. 14-12166
     Chapter 11 Petition filed November 6, 2014
         See http://bankrupt.com/misc/nhb14-12166.pdf
         represented by: William S. Gannon, Esq.
                         WILLIAM S. GANNON, PLLC
                         E-mail: bgannon@gannonlawfirm.com

In re 159 JR LLC
   Bankr. E.D. Pa. Case No. 14-18874
     Chapter 11 Petition filed November 6, 2014
         See http://bankrupt.com/misc/paeb14-18874.pdf
         represented by: John A. Digiamberardino, Esq.
                         CASE DIGIAMBERARDINO & LUTZ, PC
                         E-mail: jad@cdllawoffice.com

In re Jeffrey A. Masden and Hazel A. Masden
   Bankr. M.D. Pa. Case No. 14-05164
      Chapter 11 Petition filed November 6, 2014

In re Ishverbhai T. Patel and Artiben I. Patel
   Bankr. E.D. Tenn. Case No. 14-51830
      Chapter 11 Petition filed November 6, 2014

In re Coyote Grille Centreville, LLC
   Bankr. E.D. Va. Case No. 14-14152
     Chapter 11 Petition filed November 6, 2014
         See http://bankrupt.com/misc/vaeb14-14152.pdf
         represented by: Todd Lewis, Esq.
                         THE LEWIS LAW GROUP, P.C.
                         E-mail: todd.lewis@tllgpc.com

In re Michael Joseph Stumpf and Bobbie Lynn Adams-Stumpf
   Bankr. D. Ariz. Case No. 14-16716
      Chapter 11 Petition filed November 7, 2014

In re Neal Mitchell Jones and Amy Lu Jones
   Bankr. D. Ariz. Case No. 14-16719
      Chapter 11 Petition filed November 7, 2014

In re Joscelyn Anthony Trott
   Bankr. M.D. Fla. Case No. 14-05484
      Chapter 11 Petition filed November 7, 2014

In re Valle Auto Auction, LLC
   Bankr. M.D. Fla. Case No. 14-13165
     Chapter 11 Petition filed November 7, 2014
         See http://bankrupt.com/misc/flmb14-13165.pdf
         represented by: Buddy D. Ford, Esq.
                         BUDDY D. FORD, P.A.
                         E-mail: Buddy@tampaesq.com

In re Michael B. Lynch
   Bankr. M.D. Fla. Case No. 14-13199
      Chapter 11 Petition filed November 7, 2014

In re Lawrence K. Mace
   Bankr. D. Md. Case No. 14-27171
      Chapter 11 Petition filed November 7, 2014

In re Lawrence J. McDonnell
   Bankr. D. Mass. Case No. 14-15244
      Chapter 11 Petition filed November 7, 2014

In re Paul Altemus, Jr. and Laura Altemus
   Bankr. D.N.J. Case No. 14-32743
      Chapter 11 Petition filed November 7, 2014

In re Saanil Hospitality BDS Mongos Grill, LLC
   Bankr. S.D. Ohio ase No. 14-57821
     Chapter 11 Petition filed November 7, 2014
         See http://bankrupt.com/misc/ohsb14-57821.pdf
         Filed Pro Se

In re Best Care Chiropractic LLC
   Bankr. W.D. Wash. Case No. 14-18199
     Chapter 11 Petition filed November 7, 2014
         See http://bankrupt.com/misc/wawb14-18199.pdf
         represented by: Jeffrey B. Wells, Esq.
                         WELLS AND JARVIS, P.S.
                         E-mail: paralegal@wellsandjarvis.com

In re S.A.M. Controls, LLC
   Bankr. E.D. Mich. Case No. 14-57428
     Chapter 11 Petition filed November 8, 2014
         See http://bankrupt.com/misc/mieb14-57428.pdf
         represented by: Edward J. Gudeman, Esq.
                         GUDEMAN & ASSOCIATES, P.C.
                         E-mail: ejgudeman@gudemanlaw.com

In re Maa-Sharda, Inc.
        dba Best Western Victor Inn & Suites
   Bankr. W.D.N.Y. Case No. 14-21380
     Chapter 11 Petition filed November 8, 2014
         See http://bankrupt.com/misc/nywb14-21380.pdf
         represented by: David H. Ealy, Esq.
                         TREVETT, CRISTO, SALZER & ANDOLINA P.C.
                         E-mail: dealy@trevettlaw.com

In re Francis A Bald and Sandra Bald
   Bankr. E.D.N.C. Case No. 14-06534
      Chapter 11 Petition filed November 8, 2014

In re Emi's Auto Center, Inc.
   Bankr. S.D.N.Y. Case No. 14-23559
     Chapter 11 Petition filed November 9, 2014
         See http://bankrupt.com/misc/nysb14-23559.pdf
         represented by: H. Bruce Bronson, Jr., Esq.
                         BRONSON LAW OFFICES, P.C.
                         E-mail: hbbronson@bronsonlaw.net

In re Sirius Information, Inc.
   Bankr. N.D. Cal. Case No. 14-44504
     Chapter 11 Petition filed November 10, 2014
         See http://bankrupt.com/misc/canb14-44504.pdf
         represented by: Chris D. Kuhner, Esq.
                         KORNFIELD, NYBERG, BENDES AND KUHNER
                         E-mail: c.kuhner@kornfieldlaw.com

In re Deda Enterprises Inc.
        dba Home of Chicken and Waffles
   Bankr. N.D. Cal. Case No. 14-44505
     Chapter 11 Petition filed November 10, 2014
         See http://bankrupt.com/misc/canb14-44505.pdf
         Filed Pro Se

In re Laleh Sharpourian Jones
   Bankr. N.D. Cal. Case No. 14-44511
      Chapter 11 Petition filed November 10, 2014

In re BJ Magazines, Inc.
   Bankr. S.D.N.Y. Case No. 14-13100
     Chapter 11 Petition filed November 10, 2014
         See http://bankrupt.com/misc/nysb14-13100.pdf
         represented by: Pat B. Pitchayan, Esq.
                         PITCHAYAN & ASSOCIATES, P.C.
                         E-mail: ppitchayan@aol.com

In re 1314 Liberty, LLC
        dba The Commons at Franklin
   Bankr. W.D. Pa. Case No. 14-11193
     Chapter 11 Petition filed November 10, 2014
         See http://bankrupt.com/misc/nysb14-13100.pdf
         represented by: Daniel P. Foster, Esq.
                         FOSTER LAW OFFICES
                         E-mail: dan@mrdebtbuster.com

In re Jose Alberto Alvarado Ocasio
   Bankr. D.P.R. Case No. 14-09294
      Chapter 11 Petition filed November 10, 2014

In re All My Children Learning Academy, Inc
   Bankr. W.D. Tenn. Case No. 14-31500
     Chapter 11 Petition filed November 10, 2014
         See http://bankrupt.com/misc/tnwb14-31500.pdf
         represented by: Curtis D. Johnson, Jr., Esq.
                         LAW OFFICE OF JOHNSON AND BROWN, P.C.
                         E-mail: johnson775756@gmail.com

In re Dwayne Lee Blankenship and Burlene Wilma Blankenship
   Bankr. E.D. Wash. Case No. 14-04033
      Chapter 11 Petition filed November 10, 2014


                             *********

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 ***