TCR_Public/150803.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, August 3, 2015, Vol. 19, No. 215

                            Headlines

ADVANCED MICRO DEVICES: Files Second Quarter Form 10-Q
AMAYA INC: S&P Affirms BB- CCR & Hikes 2nd Lien Debt Rating to B+
AMERICAN LIBERTY: Files Schedules of Assets and Liabilities
AMERICAN MEDIA: Amends Fiscal 2015 Form 10-K to Add Information
AMERICAN POWER: van Steenwyk Reports 9.8% Stake as of July 21

ANNA'S LINEN: SM 101 Withdraws Bid for Relief from Stay
ANNA'S LINEN: Stipulation on Adequate Protection Approved
APOLLO MEDICAL: Amends Fiscal 2015 Annual Report
ARCH COAL: Reports Second Quarter 2015 Results
ARCH COAL: Term Agent Urged Not to Cooperate with Exchange Offer

B&B ALEXANDRIA: Ch. 11 Case Transferred to Eastern District of Va.
BAHA MAR: CCA Bahamas Wants Ch. 11 Cases Dismissed
BAHA MAR: Key Hearing on Stalled Resort Postponed to Aug. 19
BERNARD L. MADOFF: Legacy Capital Challenges Clawback Suit
BERRY PLASTICS: Moody's Puts 'B1' CFR on Review for Downgrade

BOOMERANG SYSTEMS: Announces Note and Warrant Exchange Offer
C WONDER: Court Approves Hiring of McGladrey as Accountant
C WONDER: Court Approves Prime Clerk as Administrative Advisor
CAESARS ENTERTAINMENT: Judge Sets Hearing for Bid for Quick Appeal
CCS INTERMEDIATE: S&P Lowers CCR to 'B-' on Weak Performance

CLIFFS NATURAL: Posts $60.2 Million Net Income for 2nd Quarter
COMSTOCK MINING: Reaches Agreement to Amend Joint Venture
COMSTOCK RESOURCES: Moody's Cuts Corporate Family Rating to 'Caa1'
CORINTHIAN COLLEGES: Proposes to Sell Heald Intellectual Assets
CORNERSTONE HOMES: Amends List of Creditors Holding Secured Claims

CORPORATE RESOURCE: Aug. 10 Meeting Set to Form Creditors' Panel
CRYOPORT INC: Amends Fiscal 2015 Annual Report
CUMULUS MEDIA: Posts $12.3 Million Net Income for Second Quarter
CURTIS JAMES JACKSON: 50 Cent's Civil Suit Troubles Mounting
DENBURY RESOURCES: Moody's Affirms 'Ba3' Corporate Family Rating

DETROIT, MI: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
DOMUM LOCIS: Asks Court to Extend Plan Filing Date to Nov. 30
DTS8 COFFEE: Reports $3.8 Million Net Loss for Fiscal 2015
ECO BUILDING: Completes Acquisition of Former Affiliate
ECOSPHERE TECHNOLOGIES: SOGS Sells $1.3-Mil. GrowCube Equipment

EMPYREAN TOWERS: Case Summary & 20 Largest Unsecured Creditors
ENERGY FUTURE: Dec. 14 Asbestos Claim Submission Deadline Set
ERF WIRELESS: Jauquine Trust Holds 38% of Series B Preferred Stock
ESCO MARINE: Files Schedules of Assets and Liabilities
FERRO CORP: S&P Raises CCR and Debt Ratings to 'BB-'

FIRST DATA: Reports Second Quarter 2015 Financial Results
FJK PROPERTIES: Court Vacates Order Dismissing Case
GENERAL MOTORS: Bledsoe Plaintiffs' Post-Judgment Bids Denied
GENIUS BRANDS: Issues Letter to Shareholders
GT ADVANCED: KERP, KEIP Disputes Remanded to Bankruptcy Court

GT ADVANCED: Shareholders Ask for Appointment of Equity Committee
GUAM WATERWORKS: Moody's Hikes Revenue Bonds Rating From 'Ba1'
GUIDED THERAPEUTICS: Distributor Signs New Deal to Sell LuViva
HAMPTON HILL: Case Summary & 20 Largest Unsecured Creditors
HEALTHSOUTH CORP: S&P Lowers Rating on Unsecured Debt to 'B+'

HILTON WORLDWIDE: S&P Hikes Rating on $1.5BB Sr. Notes to 'BB'
HS 45 JOHN: Court Fixes Aug. 19, 2015 as General Claims Bar Date
HS 45 JOHN: Sam Sprei and Harry Miller Withdraw Case Dismissal Bid
IHEARTCOMMUNICATIONS INC: Incurs $54.4M Net Loss in Q2
INTERGEN NV: S&P Affirms 'B+' CCR & Revises Outlook to Negative

ISTAR FINANCIAL: Adds New Director to Board
ISTAR FINANCIAL: Extends Tender Offer Expiration Until Aug. 12
ITUS CORP: Bruce Johnson Holds 5% Stake as of July 24
ITUS CORP: Lewis Titterton Reports 7.5% Stake as of July 23
JOE'S JEANS: Gets Add'l Default Notice from Garrison & CIT

LACONTI CONCRETE: Aug. 13 Meeting Set to Form Creditors' Panel
LEVEL 3: Reports Second Quarter 2015 Results
LONESTAR GEOPHYSICAL: Amends Schedules of Assets and Liabilities
MAGNETATION LLC: Amends Schedules of Assets and Liabilities
MAGNETATION LLC: Court Approves McGladrey LLP as Accountant

MICROVISION INC: Posts $2.8 Million Net Loss for 2nd Quarter
MICROVISION INC: To Issue 750,000 Common Shares Under Plan
MIDWAY GOLD: Claims Bar Date Set for September 21
MIG LLC: Turns Over 13.8-Mil. in Cash Collateral to BoNY Mellon
MILLER ENERGY: NYSE to Commence Stock Delisting Proceedings

MOSS FAMILY: Resolves Dismissal Bid, Agrees to October Sale
MOTORS LIQUIDATION: WTC Executes 2nd Am. GUC Trust Agreement
NAVISTAR INT'L: Closes $250M Wholesale Funding Transaction
NEOMEDIA TECHNOLOGIES: Posts $1.4M Net Loss for Q2
NEW YORK LIGHT: Okayed to Honor Insurance Premium Financing Deals

ORLEANS HOMEBUILDERS: S&P Raises CCR to 'B-' Then Withdraws Rating
PARADIGM MILFORD: Case Summary & 4 Largest Unsecured Creditors
PATRIOT COAL: UMWA Wants Hearing on Bid to Reject CBA Delayed
PETROCHOICE HOLDINGS: Moody's Assigns 'B2' Corporate Family Rating
PETROCHOICE HOLDINGS: S&P Assigns 'B' Corp. Credit Rating

PHARMACYTE BIOTECH: Posts $10.8 Million Net Loss for Fiscal 2015
PORTER BANCORP: Reports Second Quarter 2015 Results
RAMSONS LLC: Voluntary Chapter 11 Case Summary
RELATIVITY FASHION: Case Summary & 50 Top Unsecured Creditors
RELATIVITY MEDIA: Files Voluntary Chapter 11 Bankruptcy Petition

RETROPHIN INC: Board Approves 2015 Annual Bonus
RIVER CITY: Has Until Oct. 26 to Remove Federal Court Actions
ROADMARK CORP: Court Authorizes Sale of Additional Assets
ROADMARK CORP: DSCH Withdraws Bid to Prohibit Use of Property
ROSEMART PROPERTY: Case Summary & 4 Largest Unsecured Creditors

SABINE PASS: Posts $63.7 Million Net Income for Second Quarter
SALADWORKS LLC: Amends Schedules of Assets and Liabilities
SAMUEL WYLY: Bankruptcy Court OKs Publication of Book Project
SNOWFLAKE COMMUNITY: Seeks Suspension of Ch. 11 Case Following Sale
SOUTHERN REGIONAL: Case Summary & 30 Top Unsecured

STATE FISH: Amends Purchase Agreement With QSR
STATE FISH: Trustee Has Until Oct. 30 to Remove Civil Proceedings
SULLIVAN INTERNATIONAL: Court Okays Crowe Horwath as Panel Advisor
SULLIVAN INTERNATIONAL: Seeks Approval of $6-Mil. Factoring Deal
SULLIVAN INTL: Court OKs Goldstein & McClintock as Panel's Counsel

SUN BANCORP: Files Copy of Investor Presentation with SEC
TECHPRECISION CORP: Amends Fiscal 2015 Annual Report
THE ACADEMY: Fitch Raises Rating on 3 School Revenue Bonds to 'B'
TIANYIN PHARMA: Aug. 21 Deadline Set for NYSE Listing Compliance
U-LOCK IT: Case Summary & 3 Largest Unsecured Creditors

UNIVERSAL CORP: Fitch Affirms 'BB' Preferred Stock Rating
UNIVERSAL HEALTH: Trustee Okayed to Sell AMC's Personal Property
US LBM: S&P Assigns 'B+' Corporate Credit Rating, Outlook Stable
VICTORY HEALTHCARE: Plano Hospital Sale to Nobilis Approved
VISUALANT INC: Gets Approval for Amended Certificate

WAVE SYSTEMS: Initiates Major Corporate Restructuring
WEST COAST: Further Amends Schedules of Assets and Liabilities
WESTMORELAND COAL: Shareholder Seeks Immediate Company Sale
WPCS INTERNATIONAL: Posts $11.3 Million Net Loss for Fiscal 2015
YRC WORLDWIDE: Posts $26 Million Net Income for Second Quarter

[^] BOND PRICING: For Week From July 27 to 31, 2015

                            *********

ADVANCED MICRO DEVICES: Files Second Quarter Form 10-Q
------------------------------------------------------
Advanced Micro Devices, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $181 million on $942 million of net revenue for the three months
ended June 27, 2015, compared to a net loss of $36 million on $1.4
billion of net revenue for the three months ended June 28, 2014.

For the six months ended June 27, 2015, the Company reported a net
loss of $361 million on $1.9 billion of net revenue compared to a
net loss of $56 million on $2.8 billion of net revenue for the six
months ended June 28, 2014.

As of June 27, 2015, the Company had $3.4 billion in total assets,
$3.5 billion in total liabilities and a $141 million total
stockholders' deficit.

A copy of the Form 10-Q is available at http://goo.gl/FGoF7S

                   About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc., is a
global semiconductor company.  The Company's products include x86
microprocessors and graphics.

For the year ended Dec. 27, 2014, the Company reported a net loss
of $403 million on $5.50 billion of net revenue compared to a net
loss of $83 million on $5.29 billion of net revenue for the year
ended Dec. 28, 2013.

                          *     *     *

As reported by the TCR on April 22, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Sunnyvale,
Calif.-based Advanced Micro Devices Inc. to B- from B.  "The
downgrade reflects AMD's recently sharpened revenue declines, weak
industry conditions and intense competition from Intel in PC
markets, and the challenges it faces to grow in targeted
enterprise, embedded, and semi-custom product markets to offset PC
business declines," said Standard & Poor's credit analyst John
Moore.

As reported by the TCR on June 5, 2014, Fitch Ratings had upgraded
the long-term Issuer Default Rating (IDR) for AMD (NYSE: AMD) to
'B-' from 'CCC'.  The upgrade primarily reflects AMD's improved
financial flexibility from recent refinancing activity, which
extends meaningful debt maturities until 2019.

In July 2015, Moody's Investors Service lowered Advanced Micro
Devices, Inc's ("AMD") corporate family rating to Caa1 from B3, and
the ratings on the senior unsecured notes to Caa2 from Caa1.  
The downgrade of the corporate family rating to Caa1 reflects AMD's
prospects for ongoing operating losses over the next year and
negative free cash flow.


AMAYA INC: S&P Affirms BB- CCR & Hikes 2nd Lien Debt Rating to B+
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'BB-'
long-term corporate credit rating on Montreal-based Amaya Inc.
after the company announced it would repay US$575 million of its
second-lien debt through cash and an increase in first-lien debt.

"In our view, this transaction is leverage neutral and has no
immediate impact on the company's financial risk profile," said
Standard & Poor's credit analyst Stephen Goltz.  "We believe that
the interest savings will allow the company to generate stronger
cash flows and pay down debt faster," Mr. Goltz added.

The affirmation is based on the company's "fair" business risk
profile and "aggressive" financial risk profile.  S&P assumes that
the company will continue to use excess cash to pay down debt.

At the same time, Standard & Poor's affirmed its 'BB' issue-level
rating on the company's first-lien debt with a recovery rating of
'2' and raised the issue-level rating on the second-lien debt to
'B+' from 'B'.  The upgrade reflects the revised recovery rating on
the second-lien debt to '5' from '6', indicating S&P's expectation
of modest (10%-30%; in the upper half of the range) recovery in a
default scenario.  The revised recovery rating reflects the
anticipated repayment of the second-lien debt and the additional
first-lien debt.

The ratings on Amaya reflect S&P's view of the company's fair
business risk profile, with a strong share of the growing online
poker sector, limited product diversity, and good profitability.
S&P views the company's financial risk profile as aggressive.  S&P
expects Amaya's strong free cash flow to support debt reduction in
the next two years.  The combination of the fair business risk
profile and aggressive financial risk profile yields an anchor
score of 'bb-', and S&P applies no modifiers to the rating.

Amaya operates several lines of business in the gaming industry,
with the largest earnings contribution from Poker Stars and Full
Tilt Poker.  A growing share of the company's revenue is derived
from its casino and sports gambling platforms.  S&P's view of the
company's fair business risk profile is based on its significant
share of growing global online poker play.  S&P believes that
Amaya's solid position in several regulated markets supports the
industry-leading liquidity of its network, which is important for
attracting and retaining players.  S&P expects that increasing
regulation of online gaming around the world could provide a
catalyst for expanding the company's poker platforms, albeit at an
unsteady pace and with unclear competitive and earnings
implications.

Amaya's good geographic breadth is offset by narrow product
diversity, exposing the company to changes in consumer preferences
for poker, for gaming, or for broader discretionary spending.  The
company generates almost half of its gaming revenue from its
regulated Isle of Man base, but contributions from recently
regulated markets in western Europe are growing.

The stable outlook reflects S&P's expectation that robust cash flow
from Amaya's leading position in online poker will support the
growth of its business into more diverse markets and new gaming
products.  S&P expects the company's free cash flow will improve
adjusted debt to EBITDA to below 5x in 2015.

S&P could lower the rating if leverage is above 5.5x at the end of
2015, which could indicate weaker earnings for the acquired assets
and reduced free cash flow expectations.

S&P could raise the ratings if debt to EBITDA drops below 4x
consistently, which S&P would view as an improved financial risk
profile to complement the likely stability or growth in its core
earnings driver.



AMERICAN LIBERTY: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
American Liberty Oil Company, LP, filed with the U.S. Bankruptcy
Court for the Northern District of Texas its schedules of assets
and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                   $39,200
  B. Personal Property            $2,782,787
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $4,593,311
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                           $49,736
                                 -----------      -----------
        Total                     $2,821,987       $4,643,047

A copy of the schedules is available for free at:

     http://bankrupt.com/misc/AmericanLiberty_22_SAL_June3.pdf

Kaufman, Texas-based American Liberty Oil Company, LP filed a
Chapter 11 bankruptcy petition (Bankr. N.D. Tex. Case No. 15-32019)
on May 6, 2015.  The petition was signed by Wreno S. Wynne, Jr., as
managing partner of ALOC LLC.  

The Hon. Stacey G. Jernigan presides over the case.  Quilling,
Selander, Lownds, Winslett & Moser, P.C., serves as the Debtor's
counsel.


AMERICAN MEDIA: Amends Fiscal 2015 Form 10-K to Add Information
---------------------------------------------------------------
American Media, Inc. filed an amended annual report on Form 10-K
for the fiscal year ended March 31, 2015, which amends Part III,
Items 10 through 15 of the Original Form 10-K to include
information previously omitted from the Original Form 10-K in
reliance on General Instruction G to Form 10-K, which provides that
registrants may incorporate by reference certain information from a
definitive proxy statement filed with the Securities and Exchange
Commission within 120 days after the end of the fiscal year.  The
Company's definitive proxy statement will not be filed within 120
days after the end of the Company's 2015 fiscal year.
A copy of the Form 10-K/A is available at http://goo.gl/JsRY6H

                        About American Media

Based in New York, American Media, Inc., publishes celebrity
journalism and health and fitness magazines in the U.S.  These
include Star, Shape, Men's Fitness, Fit Pregnancy, Natural Health,
and The National Enquirer.  In addition to print properties, AMI
manages 14 different Web sites.  The company also owns
Distribution Services, Inc., an in-store magazine merchandising
company.

American Media, Inc., and 15 units, including American Media
Operations, Inc., filed for Chapter 11 protection in Manhattan
(Bankr. S.D.N.Y. Case No. 10-16140) on Nov. 17, 2010, with a
prepackaged plan.  The Debtors emerged from Chapter 11
reorganization in December 2010, handing ownership to former
bondholders.  The new owners include hedge funds Avenue Capital
Group and Angelo Gordon & Co.

American Media reported a net loss of $54.3 million on
$344 million of total operating revenues for the fiscal year ended
March 31, 2014, following a net loss of $56.2 million on $349
million of total operating revenues for the year ended March 31,
2013.

                           *     *     *

As reported in the Jan. 9, 2015 edition of the TCR, American Media
carries a 'Caa1' corporate family rating from Moody's.  American
Media's Caa1 CFR reflects the company's elevated total debt to
EBITDA leverage that Moody's expect will rise to the 8-9x range
(Moody's adjusted) over the rating horizon from about 7x as of
Sept. 30, 2014 as a result of lower EBITDA performance that
stems from a reduction in circulation sales associated with the
bankruptcy filing of AMI's second largest publications wholesaler,
Source Interlink Distribution ("Source").  The rating also captures
AMI's weak liquidity profile and deteriorating EBITDA cushion under
the revolver's first-lien leverage covenant resulting from the
lower circulation revenue aggravated by the Source bankruptcy,
which required temporary covenant relief through an amendment to
the credit facility.

As reported in the Jan. 14, 2015 edition of the TCR, Standard &
Poor's Ratings Services said that its ratings on U.S. magazine
publisher American Media Inc., including the 'CCC' corporate credit
rating, are not affected by the company's announcement that it is
exchanging $32 million of its first-lien 11.5% notes due 2017 for
$39 million in new second-lien 7% notes due 2020.  The negative
rating outlook remains unchanged.


AMERICAN POWER: van Steenwyk Reports 9.8% Stake as of July 21
-------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Matthew van Steenwyk disclosed that as of July 21,
2015, he beneficially owned 5,073,468 shares of common stock of
American Power Group Corporation, which represents 9.8 percent of
the shares outstanding.  Effective as of July 21, 2015, Mr. Van
Steenwyk has joined the Board of Directors of American Power.
A copy of the regulatory filing is available at:

                       http://goo.gl/PdHSP1

                     About American Power Group

American Power Group's alternative energy subsidiary, American
Power Group, Inc., provides a cost-effective patented Turbocharged
Natural Gas conversion technology for vehicular, stationary and
off-road mobile diesel engines.  American Power Group's dual fuel
technology is a unique non-invasive energy enhancement system that
converts existing diesel engines into more efficient and
environmentally friendly engines that have the flexibility to run
on: (1) diesel fuel and liquefied natural gas; (2) diesel fuel and
compressed natural gas; (3) diesel fuel and pipeline or well-head
gas; and (4) diesel fuel and bio-methane, with the flexibility to
return to 100 percent diesel fuel operation at any time.  The
proprietary technology seamlessly displaces up to 80% of the
normal diesel fuel consumption with the average displacement
ranging from 40 percent to 65 percent.  The energized fuel balance
is maintained with a proprietary read-only electronic controller
system ensuring the engines operate at original equipment
manufacturers' specified temperatures and pressures.  Installation
on a wide variety of engine models and end-market applications
require no engine modifications unlike the more expensive invasive
fuel-injected systems in the market.  Additional information at
http://www.americanpowergroupinc.com/       

American Power reported a net loss available to common stockholders
of $2.92 million on $7.01 million of net sales for the year ended
Sept. 30, 2013.

As of March 31, 2015, the Company had $7.76 million in total
assets, $5.37 million in total liabilities and $2.39 million total
stockholders' equity.


ANNA'S LINEN: SM 101 Withdraws Bid for Relief from Stay
-------------------------------------------------------
SM 101 Six, LLC, notified the U.S. Bankruptcy Court for the Central
District of California that it has withdrawn its motion for relief
from automatic stay in Anna's Linens, Inc.'s commercial property
located at 2342 South Bradley Road, Unit Santa Maria, California.

The Court scheduled a July 28 hearing on the matter at 10:30 a.m.

SM 101 is represented by:

         Gordon G. May, Esq.
         GRANT, GENOVESE, & BARATTA, LLP
         2030 Main street, Site 1600
         Irvine, CA 92614
         Tel: (949) 660-1600
         Fax: (949) 660-6060
         E-mail: dcg@gb-law.com
                 ggm@ggb-law.com  

                       About Anna's Linens

Anna's Linens is a specialty retailer offering home textiles,
furnishings and decor at attractive prices.  Headquartered in
Costa Mesa, California, operates a chain of 268 company owned
retail stores throughout 19 states in the United States (including
Puerto Rico and Washington, D.C.) generates over $300 million in
annual revenue and employs a workforce of over 2,500 associates.

Anna's Linens sought Chapter 11 bankruptcy protection (Bankr. C.D.

Cal. Case No. 15-13008) in Santa Ana, California, on June 14,
2015.

The case is assigned to Judge Theodor Albert.  The Debtor tapped
Levene, Neale, Bender, Yoo & Brill LLP as counsel.  The Debtor
estimated assets of $50 million to $100 million and debt of $100
million to $500 million.

Salus Capital Partners, LLC, as administrative agent for a
consortium of lenders, agreed to provide a DIP Facility of up to
approximately $20 million in excess of the outstanding secured debt
to Salus and other prepetition secured lenders.

The U.S. trustee appointed seven creditors to serve on the official
committee of unsecured creditors.


ANNA'S LINEN: Stipulation on Adequate Protection Approved
---------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
approved a stipulation between Anna's Linens, Inc., and Transplace
Texas LP for adequate protection of possessory lien and turnover of
property of the estate.

Prepetition, the Debtor entered into one or more agreements with
Transplace, pursuant to which Transplace agreed to store goods
delivered by the Debtor and provide certain warehouse services.

The Debtor has requested that Transplace agree to release the
stored goods without obtaining other adequate protection of its
possessory lien in the form of an administrative claim because
processing and sale of the stored goods are integral to the
operation of its business.

As of the Petition Date, Transplace asserted a claim of
approximately $1,814,256.

The stipulation provides that, among other things:

   1. The Debtor will immediately pay $700,000 to Transplace on
account of Transplace secured claim;

   2. In addition to all of its other rights, liens claims and
remedies provided for in the order, Transplace will have an
administrative priority claim pursuant to Sections 503(b)(1), 507
(a)(2), and 507(b) or the balance of the Transplace secured claim
in the remaining amount of approximately $1,114,256; and

   3. Transplace will release and cause the store goods to be
delivered to the Debtor and its stores as directed by the Debtor.

A copy of the stipulation is available for free at:

  http://bankrupt.com/misc/Anna'sLinens_Stipuation_Transplace.pdf

                       About Anna's Linens

Anna's Linens is a specialty retailer offering home textiles,
furnishings and decor at attractive prices.  Headquartered in
Costa Mesa, California, operates a chain of 268 company owned
retail stores throughout 19 states in the United States (including
Puerto Rico and Washington, D.C.) generates over $300 million in
annual revenue and employs a workforce of over 2,500 associates.

Anna's Linens sought Chapter 11 bankruptcy protection (Bankr. C.D.

Cal. Case No. 15-13008) in Santa Ana, California, on June 14,
2015.

The case is assigned to Judge Theodor Albert.  The Debtor tapped
Levene, Neale, Bender, Yoo & Brill LLP as counsel.  The Debtor
estimated assets of $50 million to $100 million and debt of $100
million to $500 million.

Salus Capital Partners, LLC, as administrative agent for a
consortium of lenders, agreed to provide a DIP Facility of up to
approximately $20 million in excess of the outstanding secured debt
to Salus and other prepetition secured lenders.

The U.S. trustee appointed seven creditors to serve on the official
committee of unsecured creditors.



APOLLO MEDICAL: Amends Fiscal 2015 Annual Report
------------------------------------------------
Apollo Medical Holdings, Inc. filed an amendment to its annual
report on Form 10-K for the fiscal year ended March 31, 2015, which
the Company originally filed with the Securities and Exchange
Commission on July 14, 2015, to provide the information required
pursuant to instruction G(3) to Form 10-K for Part III, Items 10,
11, 12, 13, and 14 of the Original Filing.

PART III    
Item 10 - Directors, Executive Officers and Corporate Governance
Item 11 - Executive Compensation
Item 12 - Security Ownership of Certain Beneficial Owners and
          Management and Related Stockholder Matters
Item 13 - Certain Relationships and Related Transactions, and
          Director Independence
Item 14 - Principal Accounting Fees and Services

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

                     http://goo.gl/eo0XaE

                     About Apollo Medical

Glendale, Calif.-based Apollo Medical Holdings, Inc., provides
hospitalist services in the Greater Los Angeles, California area.
Hospitalist medicine is organized around the admission and care of
patients in an inpatient facility such as a hospital or skilled
nursing facility and is focused on providing, managing and
coordinating the care of hospitalized patients.

Apollo Medical reported a net loss attributable to the Company of
$1.8 million on $32.9 million of net revenues for the year ended
March 31, 2015, compared to a net loss attributable to the Company
of $5 million on $10.5 million of net revenues for the year ended
Jan. 31, 2014.

As of March 31, 2015, the Company had $14.9 million in total
assets, $15.9 million in total liabilities and a $990,184 total
stockholders' deficit.


ARCH COAL: Reports Second Quarter 2015 Results
----------------------------------------------
Arch Coal, Inc., reported a net loss of $168 million, or $0.79 per
diluted share, for the quarter ending June 30, 2015.  The company
recorded a $19.1 million impairment charge during the quarter and
incurred $4.0 million of expenses related to its exchange
transaction.  Excluding asset impairments, expenses related to debt
restructuring and amortization of sales contracts, Arch's second
quarter 2015 adjusted net loss was $0.73 per diluted share compared
with an adjusted net loss of $0.46 per diluted share in the
prior-year quarter.  Revenues totaled $644 million in the second
quarter of 2015, and adjusted earnings before interest, taxes,
depreciation, depletion and amortization was $45 million.

For the first half of 2015, Arch generated adjusted EBITDA of $127
million compared with $93 million in the prior-year period.  Total
revenues declined to $1.3 billion for the six months ended
June 30, 2015, largely due to lower metallurgical coal prices and
output versus the prior-year period.

"Arch continues to weather the significant market challenges facing
the industry," said John W. Eaves, Arch's chairman and chief
executive officer.  "Even with the lowest shipment level
experienced by Arch in more than five years and shipping challenges
in the Powder River Basin, our operations continued to do an
outstanding job of managing costs in this environment.  In fact,
all of our operating regions were cash flow positive during the
first half of this year, a position we think sets us apart from our
competitors."

"Our repositioned portfolio of large-scale, low-cost thermal
operations in the PRB and highly competitive metallurgical coal
operations in Appalachia is designed to help allow us to continue
to navigate this challenging market environment," added Eaves.

As of June 30, 2015, the Company had $8 billion in total assets,
$6.6 billion in total liabilities and $1.4 billion in total
stockholders' equity.

A copy of the press release is available at:

                        http://goo.gl/k5k5gb

                         About Arch Coal

Arch Coal, Inc.'s primary business is the production of thermal and
metallurgical coal from surface and underground mines located
throughout the United States, for sale to utility, industrial and
steel producers both in the United States and around the world. The
Company currently operates mining complexes in West Virginia,
Maryland, Virginia, Illinois, Wyoming and Colorado.

Arch Coal reported a net loss of $558.3 million in 2014, a net loss
of $641.8 million in 2013 and a net loss of $683.7 million in
2012.

As of March 31, 2015, Arch Coal had $8.3 billion in total assets,
$6.7 billion in total liabilities and $1.5 billion in total
stockholders' equity.

                            *     *     *

The Troubled Company Reporter, on July 8, 2015, reported that
Fitch Ratings has downgraded the Issuer Default Rating of Arch
Coal, Inc. to 'C' from 'CCC'.  The downgrade follows Arch Coal's
announcements of exchange offers which Fitch considers Distressed
Debt Exchanges in accordance with Fitch's Distressed Debt Exchange
criteria.

The TCR, on May 6, 2015, reported that Moody's Investors Service
downgraded the corporate family rating of Arch Coal, Inc to Caa3
from Caa1 and the probability default rating to Caa3-PD from
Caa1-PD.  The downgrade follows the continued stress on the coal
sector, and the resulting deterioration in the company's credit
metrics.  At the same time, Moody's downgraded the ratings on the
senior secured term loan and bank revolving facility to Caa1 from
B2, the second lien notes to Caa3 from Caa1, and all unsecured
notes to Ca, from Caa2.  Moody's also affirmed the Speculative
Grade Liquidity rating of SGL-3.  The outlook is negative.

As reported by the TCR on July 9, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on St.
Louis-based Arch Coal Inc. to 'CC' from 'CCC+'.  Standard & Poor's
Ratings Services said it lowered its corporate credit rating on St.
Louis-based Arch Coal Inc. to 'CC' from 'CCC+'.  The rating action
reflects Arch Coal's July 3, 2015, announcement of a private debt
exchange offer for its senior unsecured debt.


ARCH COAL: Term Agent Urged Not to Cooperate with Exchange Offer
----------------------------------------------------------------
Arch Coal, Inc., previously disclosed that it is conducting (a) a
private offer to exchange new 6.25% Trust Certificates due 2021
issued by a pass-through trust and a cash payment for any and all
outstanding 7.25% Senior Notes due 2020, and (b) a private offer to
exchange Trust Certificates, 8% Senior Secured Notes due 2022 and
12% Senior Secured Second Lien Notes due 2023 for its outstanding
7% Senior Notes due 2019, 9.875% Senior Notes due 2019 and 7.25%
Senior Notes due 2021.

In order to effectuate the Exchange Offers, Arch Coal intends to
incur incremental term loans and revolving loans under Arch Coal's
Amended and Restated Credit Agreement dated as of June 14, 2011.
In connection with such incurrence and other transactions
contemplated by the Exchange Offers, the administrative agent in
respect of the term loan facility under the Credit Agreement must
take certain actions, including executing an incremental joinder
establishing such New Term Loans and approving an intercreditor
agreement establishing the relative priority of the liens securing
the Credit Agreement and the liens securing the New 2022 Notes.  In
addition, it is anticipated that certain provisions in the Credit
Agreement relating solely to the revolving loans thereunder will be
amended upon consummation of the Exchange Offers.  Finally, a new
collateral agent under the Credit Agreement will be appointed.

On July 28, 2015, certain unidentified term loan lenders under the
Credit Agreement purporting to hold more than 50% of the term loans
under the Credit Agreement delivered a letter to the Term Loan
Administrative Agent directing the Term Loan Administrative Agent
to refrain from executing documentation relating to the Exchange
Offers and the establishment of the New Term Loans, approving the
New Intercreditor Agreement and certain other documentation and
appointing a new collateral agent under the Credit Agreement.  No
approval by or consent of the existing term loan lenders is
required in connection with the contemplated transactions.

In addition, the letter includes certain other assertions regarding
the Exchange Offers, the Proposed Revolver Amendments, the New
Intercreditor Agreement and the existence of a default under the
Credit Agreement.  Arch Coal has evaluated the assertions made in
the letter and believes they are without merit.

First, the letter asserts that the Proposed Revolver Amendments
require consent of a majority of all lenders under the Credit
Agreement.  However, the Company said this assertion is incorrect,
as under Section 11.1A of the Credit Agreement, the Proposed
Revolver Amendments require the consent of only a majority of
lenders making revolving loans, as the Credit Agreement explicitly
provides that "in respect of any modifications, amendments or
waivers that relate to provisions that only affect the Revolving
Credit Lenders … such modifications, amendments or waivers shall
require only the written consent of the Revolver Required
Lenders".

Second, the letter asserts that the New Term Loans trigger the
"most favored nation" provisions in the Credit Agreement because
the effective yield under the New Term Loans is more than 50 basis
points higher than the effective yield applicable to the existing
term loans.  However, the Company said the effective yield of the
New Term Loans (as calculated under the Credit Agreement) will not
exceed the effective yield applicable to the existing term loans by
any amount.  The definition of "Effective Yield" under the Credit
Agreement takes into consideration only "applicable interest rate
margins, interest rate benchmark floors and all fees, including
recurring, up-front or similar fees or original issue discount
(amortized over four years following the date of incurrence thereof
…) payable generally to the lenders making such Class of
Loans…."  The interest rate for the New Term Loans is 6.25% and
there are no fees (including recurring, up-front or similar fees or
original issue discount fees) associated with the New Term Loans.
Additionally, given that Arch Coal is exchanging more than $367
million of existing debt at a substantially higher interest rate
for $154 million of New Term Loans with a lower interest rate and
$22 million of cash, there is clearly no original issue discount in
the nature of fees associated with the Exchange Offers.

Third, the letter asserts that the Credit Agreement does not allow
the New Term Loans to be borrowed in a transaction for non-cash
consideration.  However, the Company maintained there is no
provision in the Credit Agreement requiring that a borrowing of New
Term Loans must be funded in cash by the lender thereof, and such
lenders therefore were unable to cite any such provision.

Fourth, the letter asserts that Arch Coal is in default under the
Credit Agreement for failure to pay previously invoiced legal
expenses of counsel to a group of lenders under the Credit
Agreement.  However, the Company said the Credit Agreement provides
that a lender is entitled to reimbursement of "reasonable
out-of-pocket expenses" only "in connection with the enforcement or
protection of its rights" in connection with the Credit Agreement
or the loans, including such expenses "incurred during any workout
restructuring or negotiations" with respect to the loans.  Given
that (i) invoices received cover a time period prior to the public
announcement of the Exchange Offers (or any transactions), and (ii)
the Exchange Offers are permitted by the Credit Agreement, Arch
Coal has no obligation for fee reimbursement for counsel to the
term loan lenders.  Moreover, the invoice received for work
performed in June prior to the announcement of the Exchange Offers
is patently unreasonable and exceeds by a significant margin the
invoices submitted by the Term Loan Agent itself for the same time
period, who is required to take action under the proposed
documentation.

Fifth, the letter asserts that the New Intercreditor Agreement is
not acceptable to those lenders.  According to the Company, this
assertion is irrelevant, as the Credit Agreement requires
intercreditor documentation "acceptable to the Administrative
Agents in their sole discretion".  Therefore, whether the lenders
find the form acceptable is not relevant under the Credit
Agreement.  In addition, the Intercreditor Agreement form is
identical to the one previously approved for use with the Company's
existing junior lien debt.

Sixth, the letter asserts that the proposed replacement of the
collateral agent is not acceptable to those lenders.  This
assertion, the Company said, is irrelevant, as the Credit Agreement
says "the Administrative Agents shall have the right, with the
approval from the Borrower . . . to appoint a successor, such
approval not to be unreasonably withheld or delayed."  Accordingly,
the lenders’ view on the successor collateral agent is irrelevant
under the Credit Agreement.  Given that the collateral agent is a
well regarded national bank, Arch Coal also believes any such
objection would be unreasonable.

While Arch Coal believes that the assertions and directions are
without merit, and intends to contest them vigorously, it cannot
predict what effect the assertions and direction set forth in the
letter, or any future claims, might have on the Exchange Offers.
In particular, if the Term Loan Administrative Agent elects to
follow the direction embodied in the letter, the Exchange Offers
would not be consummated. Arch Coal has expressly reserved all of
its rights against the lenders who sent that letter.

                          About Arch Coal

Arch Coal, Inc.'s primary business is the production of thermal and
metallurgical coal from surface and underground mines located
throughout the United States, for sale to utility, industrial and
steel producers both in the United States and around the world. The
Company currently operates mining complexes in West Virginia,
Maryland, Virginia, Illinois, Wyoming and Colorado.

Arch Coal reported a net loss of $558.3 million in 2014, a net loss
of $641.8 million in 2013 and a net loss of $683.7 million in
2012.

As of March 31, 2015, Arch Coal had $8.3 billion in total assets,
$6.7 billion in total liabilities and $1.5 billion in total
stockholders' equity.

                            *     *     *

The Troubled Company Reporter, on July 8, 2015, reported that
Fitch Ratings has downgraded the Issuer Default Rating of Arch
Coal, Inc. to 'C' from 'CCC'.  The downgrade follows Arch Coal's
announcements of exchange offers which Fitch considers Distressed
Debt Exchanges in accordance with Fitch's Distressed Debt Exchange
criteria.

The TCR, on May 6, 2015, reported that Moody's Investors Service
downgraded the corporate family rating of Arch Coal, Inc to Caa3
from Caa1 and the probability default rating to Caa3-PD from
Caa1-PD.  The downgrade follows the continued stress on the coal
sector, and the resulting deterioration in the company's credit
metrics.  At the same time, Moody's downgraded the ratings on the
senior secured term loan and bank revolving facility to Caa1 from
B2, the second lien notes to Caa3 from Caa1, and all unsecured
notes to Ca, from Caa2.  Moody's also affirmed the Speculative
Grade Liquidity rating of SGL-3.  The outlook is negative.

As reported by the TCR on July 9, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on St.
Louis-based Arch Coal Inc. to 'CC' from 'CCC+'.  Standard & Poor's
Ratings Services said it lowered its corporate credit rating on St.
Louis-based Arch Coal Inc. to 'CC' from 'CCC+'.  The rating action
reflects Arch Coal's July 3, 2015, announcement of a private debt
exchange offer for its senior unsecured debt.


B&B ALEXANDRIA: Ch. 11 Case Transferred to Eastern District of Va.
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware, at the
behest of DC 12-13, transferred the bankruptcy case of Debtor B&B
Alexandria Corporate Park TIC 10 LLC to the United States
Bankruptcy Court for the Eastern District of Virginia.

According to DC 12-13, the only non-insider creditor of the Debtor,
the Debtor owns 2.8198% interest in a Virginia Property known as
Alexandria Corporate Park  as a tenant in common with 38
single-purpose limited liability companies.  The Debtor owes DC
Fund the amount of $37,203,454 as of May 31, 2015, plus legal fees
and expenses of $354,446 through May 1, 2015, secured by the
Property.  DC Fund scheduled a foreclose sale of the Property at
the Fairfax County Courthouse, Fairfax, Virginia, for May 15,
2015.

DC 12-13's counsel, Jeffrey C. Wisler, Esq., at Connolly Gallagher
LLP, in Wilmington, Delaware, explains that the sole jurisdictional
basis for the case to be filed in Delaware is that the Debtor is a
Delaware limited liability company.  For the purposes of the venue,
Delaware has no material connection to the debtor other than its
status as the Debtor's state of formation, Mr. Wisler asserts.
Transferring the Venue to Virginia will promote judicial economy,
Mr. Wisler further asserts.

The Debtor, in response, objected to the venue transfer request,
arguing that the movant has the burden of proving that a move is
necessary for the ends of justice or the convenience of the parties
-- and doing so by a preponderance of the evidence.  The proponent
attempts to finesse these questions in its Motion by largely
harping on a single factor -- the location of the Debtor's real
estate assets, the Debtor further argued.  Transferring the case to
Virginia, and the delay, uncertainty and added expense will not
benefit the Debtor, its creditors or parties in interest, the
Debtor said.

Mr. Wisler and counsel for the Debtor conferred and agreed upon a
proposed order.

DC 12-13 is represented by:

          Jeffrey C. Wisler, Esq.
          CONNOLLY GALLAGHER LLP
          1000 West Street, 14th Floor
          Wilmington DE 19801
          Tel: (302) 888-6258
          Email: jwisler@connollygallagher.com

             -- and –

          Mary Joanne Dowd, P.C., Esq.
          ARENT FOX LLP
          1717 K Street NW
          Washington DC 20006
          Tel: (202) 857-6059
          Email: mary.dowd@arentfox.com

The Debtor is represented by:

          Michael J. Joyce, Esq.
          Kevin S. Mann, Esq.
          CROSS & SIMON LLC
          1105 N. Market Street, Suite 901
          Wilmington, DE 19801
          Tel:(302) 777-4200
          Fax:(302) 777-4224
          Email: mjoyce@crosslaw.com
                 kmann@crosslaw.com

                    About B&B Alexandria

B&B Alexandria Corporate Park TIC 10 LLC filed Chapter 11
bankruptcy petition (Bankr. D. Del. Case No. 15-11053) on May 14,
2015.  The petition was signed by David H. Bralove, special
member.

The Debtor disclosed $40,002,820 in assets and $38,081,018 in
liabilities as of the Chapter 11 filing.  

Judge Kevin J. Carey presides over the case.  Cross & Simon LLC
represents the Debtor in its restructuring effort.


BAHA MAR: CCA Bahamas Wants Ch. 11 Cases Dismissed
--------------------------------------------------
CCA Bahamas, Ltd., asks the United States Bankruptcy Court for the
District of Delaware to dismiss with prejudice the Chapter 11 cases
of Northshore Mainland Services Inc., Baha Mar Enterprises Ltd.,
and their debtor affiliates.

In its Motion, CCA Bahamas asserts that the Debtors' lack of U.S.
connections and property and they have not submitted any actual
evidence showing that they have a place of business or property in
the United States.  CCA Bahamas also points out that the Debtors'
counsel himself admitted in pleadings filed in the Bahamas
proceeding that many of the Debtors "are not subject to the
jurisdiction of the Bankruptcy Court for the District of
Delaware."

In addition, CCA Bahamas further asserts that the Debtors commenced
the bankruptcy cases primarily to obtain a tactical litigation
advantage.  The Debtors' filing of a petition in a Delaware
Bankruptcy Court is impermissible forum shopping, CCA Bahamas
argues.  The totality of the circumstances demonstrates that the
Debtors are attempting to avoid their obligations in the Bahamas
and the Debtors' cases serve no valid bankruptcy purpose, CCA
Bahamas further argues.  The court must dismiss these cases because
the petitioners are not eligible debtors, CCA Bahamas says.
Dismissal of the Chapter 11 cases should be with prejudice, CCA
Bahamas adds.

CCA Bahamas also asks the Court for an entry of an order deferring
consideration of all pending matters in the Debtors' Chapter 11
cases until the time as the Court has had the opportunity to
consider.  CCA Bahamas asserted that the economy and efficiency of
administration favor deferral pending a ruling on the motion to
dismiss.  Another insolvency proceeding is already taking place in
the Bahamas, CCA Bahamas told the Court.  Consideration of any
additional matters in the Chapter 11 cases is prejudicial to the
Debtors, the people of the Bahamas, and all creditors, and under
similar circumstances, courts have stayed proceedings pending the
disposition of a motion to dismiss, CCA Bahamas says.

The Court sets for hearing on August 17, 2015, at 11:00 a.m., and
the objection deadline is August 3.

CCA Bahamas, Ltd. is represented by:

          Pauline K. Morgan, Esq.
          Kenneth J. Enos, Esq.
          Young Conaway Stargatt & Taylor, LLP
          Rodney Square
          1000 North King Street Wilmington, Delaware 19801
          Tel.: 302 571-6600
          Fax: 302 571-1253
          Email: pmorgan@ycst.com
                 kenos@ycst.com

             -- and --

          William J.F. Roll, III, Esq.
          Douglas P. Bartner, Esq.
          Robert Britton, Esq.
          Shearman & Sterling LLP
          599 Lexington Avenue
          New York, New York 10022-6069
          Tel.: 212 848-4000
          Fax: 212 848-7179
          Email: wroll@shearman.com
                 dbartner@shearman.com
                 robert.britton@shearman.com

             -- and --

          Mark A. Salzberg, Esq.
          T. Michael Guiffre, Esq.
          Squire Pation Boggs (US) LLP
          2550 M Street, NW
          Washington, District of Columbia 20037
          Tel.: 202 457-6000
          Fax: 202 457-6315
          Email: mark.salzberg@squirepb.com
                 michael.guiffre@squirepb.com

             -- and --

          Nava Hazan, Esq.
          Squire Patton Boggs (US) LLP
          30 Rockefeller Plaza
          New York, New York 10112
          Tel.: 212 872-9800
          Fax: 212 872-9815
          Email: nava.hazan@squirepb.com

                       About Baha Mar

Orlando, Florida-based Northshore Mainland Services Inc., Baha Mar
Enterprises Ltd., and their affiliates sought protection under
Chapter 11 of the Bankruptcy Code on June 29, 2015 (Bankr. D.Del.,
Case No. 15-11402).  Baha Mar owns, and is in the final stages of
developing, a 3.3 million square foot resort complex located in
Cable Beach, Nassau, The Bahamas.

The case is assigned to Judge Kevin J. Carey.

The Debtors are represented by Paul S. Aronzon, Esq., and Mark
Shinderman, Esq., at Milbank, Tweed, Hadley & McCloy LLP, in Los
Angeles, California; and Gerard Uzzi, Esq., Thomas J. Matz, Esq.,
and Steven Z. Szanzer, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in New York.  The Debtors' Delaware counselare Laura Davis
Jones, Esq., James E. O'Neill, Esq., Colin R. Robinson, Esq., and
Peter J. Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in
Wilmington, Delaware.  The Debtors' Bahamian counsel is Glinton
Sweeting O'Brien.  The Debtors' special litigation counsel is Kobre
& Kim LLP.  The Debtors' construction counsel is Glaser Weil Fink
Howard Avchen & Shapiro LLP.

The Debtors' investment banker and financial advisor is Moelis
Company LLC.  The Debtors' claims and noticing agent is Prime Clerk
LLC.


BAHA MAR: Key Hearing on Stalled Resort Postponed to Aug. 19
------------------------------------------------------------
Stephanie Gleason, writing for Dow Jones' Daily Bankruptcy Review,
reported that a judge in the Bahamas agreed to delay a critical
decision about the future of the $3.5 billion stalled resort
project Baha Mar.

According to the report, a hearing on the Bahamian government's
request to have a liquidator take over the restructuring of Baha
Mar was delayed to Aug. 19 to give the government enough time to
propose a new liquidator.  PricewaterhouseCoopers had been put
forth by the government for the job, but a conflict of interest
arose with China State Construction Engineering -- the parent
company of the contractor on Baha Mar, with whom the project's
owner and developer has been at odds -- according to a Baha Mar
spokesman, the report related.

                         About Baha Mar

Orlando, Florida-based Northshore Mainland Services Inc., Baha Mar
Enterprises Ltd., and their affiliates sought protection under
Chapter 11 of the Bankruptcy Code on June 29, 2015 (Bankr. D.Del.,
Case No. 15-11402).  Baha Mar owns, and is in the final stages of
developing, a 3.3 million square foot resort complex located in
Cable Beach, Nassau, The Bahamas.

The case is assigned to Judge Kevin J. Carey.

The Debtors are represented by Paul S. Aronzon, Esq., and Mark
Shinderman, Esq., at Milbank, Tweed, Hadley & McCloy LLP, in Los
Angeles, California; and Gerard Uzzi, Esq., Thomas J. Matz, Esq.,
and Steven Z. Szanzer, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in New York.  The Debtors' Delaware counsel are Laura Davis
Jones, Esq., James E. O'Neill, Esq., Colin R. Robinson, Esq., and
Peter J. Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in
Wilmington, Delaware.  The Debtors' Bahamian counsel is Glinton
Sweeting O'Brien.  The Debtors' special litigation counsel is
Kobre & Kim LLP.  The Debtors' construction counsel is Glaser Weil
Fink Howard Avchen & Shapiro LLP.

The Debtors' investment banker and financial advisor is Moelis
Company LLC.  The Debtors' claims and noticing agent is Prime
Clerk LLC.


BERNARD L. MADOFF: Legacy Capital Challenges Clawback Suit
----------------------------------------------------------
Jacqueline Palank, writing for Dow Jones' Daily Bankruptcy Review,
reported that one of Bernard Madoff's investors is fighting a
demand to return more than $200 million it received, arguing it had
no knowledge of what was later revealed to be the biggest Ponzi
scheme of all time.

According to the report, Legacy Capital Ltd., a British Virgin
Islands company, on July 30 filed papers asking a bankruptcy judge
to dismiss litigation brought by Irving Picard, the trustee
unwinding Mr. Madoff's investment firm Bernard L. Madoff Investment
Securities LLC.

                    About Bernard L. Madoff

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

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

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

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

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

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced  distributions to victims.  As of the end
of May 2015, the SIPA Trustee has recovered more than $10.699
billion and has distributed approximately $7.576 billion.  When
additional settlements awaiting distribution are taken into
account, the recovery in the Madoff liquidation proceeding totals
$10.734 billion.



BERRY PLASTICS: Moody's Puts 'B1' CFR on Review for Downgrade
-------------------------------------------------------------
Moody's Investors Service, placed the B1 corporate family rating,
B1-PD probability of default rating, and all other instrument
ratings of Berry Plastics Group, Inc. under review for downgrade.
The review follows Berry's July 31, 2015 announcement that it had
entered into a definitive agreement to buy Avintiv Inc. from
private equity funds managed by The Blackstone Group LP for
approximately $2.45 billion in cash on a debt-free, cash-free
basis. The transaction is subject to customary closing conditions
and is expected to close by the end of calendar year 2015.

AVINTIV Inc. is a developer, producer, and marketer of specialty
materials used in infection prevention, personal care, and
high-performance solutions. The company has 23 locations in 14
countries and employs over 4,500 people. For the twelve-month
period ended March 2015, AVINTIV generated pro forma revenues and
adjusted EBITDA of $2.1 billion and $303 million, respectively.
Additionally, Berry Plastics expects to realize approximately $50
million in annual cost synergies, but a timeline for these
synergies has not yet been established.

Berry Plastics has secured committed debt financing to fund the
transaction and expects to utilize the free cash flow of the
combined business to reduce leverage following the transaction.
Additionally, subject to market conditions, Berry will consider
raising a modest amount of equity.

Moody's placed the following ratings under review for possible
downgrade:

Berry Plastics Group, Inc.

-- B1 corporate family rating

-- B1-PD probability of default rating

The outlook is revised to under review for possible downgrade from
stable

Unchanged

-- SGL-2 Speculative Grade Liquidity Rating

Berry Plastics Corporation

-- Ba3/LGD3 First Lien Senior Secured Term Loans

-- B3/LGD5 Second Lien Senior Secured Notes

The outlook is revised to under review for possible downgrade from
stable

RATINGS RATIONALE

The review for downgrade reflects the change in risk profile,
uncertainty regarding the final capital structure and deterioration
in proforma credit metrics. The review also reflects the
integration risk inherent in the transaction including the
significant increase in international operations and currency risk.
Proforma LTM leverage is well over the stated 5.25 times rating
trigger (excluding synergies and assuming 100% debt financing). The
company has not yet determined the final mix of equity and secured
versus unsecured debt in the proforma capital structure. The
proposed acquisition will also significantly increase Berry's
exposure to international operations and currency risk as well as
to the more competitive flexible plastics segment (proforma
international sales rise to approximately 21% from 4% and flexible
plastics sales rise to approximately over 40% of the total from 19%
).

Moody's review will focus on the final terms of the deal including
the capital structure, proforma credit metrics at close, and plan
to deleverage. The review will also focus on the integration plan,
cost to integrate and management's strategy for managing the
significantly increased international operations and currency risk.
The corporate family rating downgrade, if any, is expected to be no
more than one notch.

The rating could be downgraded if there is deterioration in the
credit metrics, liquidity or the operating and competitive
environment. Additional debt financed acquisitions, excessive
acquisitions (regardless of financing) and/or a move to a more
aggressive financial profile could also prompt a downgrade.
Specifically, the rating could be downgraded if total adjusted debt
to EBITDA rises above 5.25 times, EBIT to gross interest coverage
declines below 1.9 times, the EBIT margin declines below the high
single digits, and/or free cash flow to debt declines below the
positive high single digits.

The ratings could be upgraded if the company sustainably improves
credit metrics within the context of a stable operating and
competitive environment while maintaining good liquidity. An
upgrade would also be dependent upon maintenance of good liquidity
and less aggressive financial and acquisition policies. The ratings
could be upgraded if adjusted total debt to EBITDA moves below 4.5
times, free cash flow to debt moves up to the low double digit
range, the EBIT margin improves to the low double digit range, and
EBIT to gross interest coverage moves above 2.5 times.



BOOMERANG SYSTEMS: Announces Note and Warrant Exchange Offer
------------------------------------------------------------
Boomerang Systems, Inc., announced that it has commenced an offer
to issue shares of its common stock and warrants in exchange for
the entire balance (principal and accrued and unpaid interest) of
the 15% secured notes and warrants issued pursuant to the Loan and
Security Agreement dated as of June 6, 2013, by and among the
Company, Boomerang Systems, Inc., Boomerang USA Corp. and Boomerang
MP Holdings, Inc., the Lenders party thereto from time to time and
Parking Source LLC, as agent.  

Notes which are validly tendered and not withdrawn by 11:59 p.m.
(Eastern Time) on Sept. 9, 2015, are eligible to participate in the
Offer.  The New Shares will be issued at the rate of one New Share
per $2.15 of principal and accrued interest on the Notes that are
exchanged, subject to adjustment in the event the Company
consummates an equity or debt offerings prior to Dec. 31, 2015, at
a lower price per share.  One New Warrant will be issued in
exchange for each Eligible Warrant exchanged.  The New Warrants
will be substantially identical to the Eligible Warrants, except
for the elimination of the full ratchet anti-dilution provision for
below exercise price issuances of securities by the Company
contained in the Eligible Warrants.

"This exchange offer provides an opportunity for Boomerang to
relieve substantially all of its outstanding debt, as we believe we
will need to raise additional funds in the near future to fund
operations, and we do not believe we will able to raise additional
equity capital except under the terms of this exchange," said James
Gelly, chief executive officer of the Company.  "Under this
exchange offer, we offer to settle the balances of the notes and
give the holders of the notes the opportunity to obtain common
stock of the Company."

A copy of the Schedule TO is available at:

                        http://goo.gl/zVJBmu

                       About Boomerang Systems

Headquartered in Morristown, New Jersey, Boomerang Systems, Inc.
(Pink Sheets: BMER) through its wholly owned subsidiary, Boomerang
Utah, is engaged in the design, development, and marketing of
automated racking and retrieval systems for automobile parking and
automated racking and retrieval of containerized self-storage
units.

Boomerang Systems reported a net loss of $2.66 million for
the year ended Sept. 30, 2014, a net loss of $11.2 million for the
year ended Sept. 30, 2013 and a net loss of $17.4 million for the
year ended Sept. 30, 2012.

As of March 31, 2015, the Company had $6 million in total assets,
$19.5 million in total liabilities, and a $13.5 million total
stockholders' deficit.

                        Bankruptcy Warning

"Our operations may not generate sufficient cash to enable us to
service our debt.  If we were to fail to make any required payment
under the Loan and Security Agreement, notes and agreements
governing our indebtedness or fail to comply with the covenants
contained in the Loan and Security Agreement, notes and
agreements, we would be in default.  A default under the Loan and
Security Agreement could significantly diminish the market value
and marketability of our common stock and could result in the
acceleration of the payment obligations under all or a portion of
our consolidated indebtedness, or a renegotiation of our Loan and
Security Agreement with more onerous terms and/or additional
equity dilution.  If the debt holders were to require immediate
payment, we might not have sufficient assets to satisfy our
obligations under the Loan and Security Agreement, notes or our
other indebtedness.  It may also enable their lenders under the
Loan and Security Agreement to foreclose on the Company's assets
and/or its ownership interests in its subsidiaries.  In such
event, we could be forced to seek protection under bankruptcy
laws, which could have a material adverse effect on our existing
contracts and our ability to procure new contracts as well as our
ability to recruit and/or retain employees.  Accordingly, a
default could have a significant adverse effect on the market
value and marketability of our common stock," the Company said in
its annual report for the year ended Sept. 30, 2014.

"We have a limited amount of cash to grow our operations.  If we
cannot obtain additional sources of cash, our growth prospects and
future profitability may be materially adversely affected and we
may not be able to implement our business plan or fulfill
contracts.  Such additional financing may not be available on
satisfactory terms or it may not be available when needed, or at
all," the Company added.


C WONDER: Court Approves Hiring of McGladrey as Accountant
----------------------------------------------------------
C. Wonder LLC and its debtor-affiliates sought and obtained
permission from the Hon. Michael B. Kaplan of the U.S. Bankruptcy
Court for the District of New Jersey to employ McGladrey LLP as
accountant and tax preparer.

The Debtors require McGladrey to assist in preparing and filing
outstanding federal and various state income tax returns for the
year ending December 31, 2014.

As set forth in the engagement agreement, McGladrey has agreed to
charge the Debtor a flat fee of $47,500 to complete the preparation
of teh 2014 tax returns.

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

Joseph R. Ricchezza, partner of McGladrey, 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.

McGladrey can be reached at:

       Joseph R. Ricchezza
       MCGLADREY LLP
       1185 Avenue of the Americas, 6th Floor
       New York, NY 10036
       Tel: (212) 372-1000
       Fax: (212) 372-1001

                         About C. Wonder

Founded by J. Christopher Burch in 2010, C. Wonder is a specialty
retailer with retail stores in the United States.  With
headquarters in New York, the company sells WOMEN'S CLOTHING,
jewelry, shoes, handbags and other accessories as well as select
home goods under the C. Wonder brand.  The Company maintains two
distribution centers in New Jersey.

The Company opened its first retail store in New York in 2011.  By
2014, the Company had expanded its operations to include 29
locations across 13 states including its flagship location in Soho,
New York.  Amid mounting losses, C. Wonder closed 16 of its retail
stores by the end of 2014.   C. Wonder closed 9 additional stores
in January 2015.  As of the bankruptcy filing, C. Wonder had four
retail stores in the U.S. (Soho, Flat Iron, Time Warner Center and
Manhasset).

C. Wonder LLC and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 15-11127) in Trenton, New
Jersey on Jan. 22, 2015.  The cases are assigned to Judge Michael
B. Kaplan.

The Debtors tapped Cole, Schotz, Meisel, Forman & Leonard, P.A.,
as counsel, and Marotta, Gund, Budd & Dzera, LLC, as crisis
management services provider.

As of the Filing Date, the Debtors had assets with a book value of
$43.7 million and liabilities of $61.0 million.

The U.S. Trustee for Region 3 appointed three members to the
Official Committee of Unsecured Creditors.  The Creditors'
Committee has tapped Porzio, Bromberg & Newman, P.C., as counsel,
and CBIZ Accounting, Tax & Advisory of New York, LLC, as financial
advisors.


C WONDER: Court Approves Prime Clerk as Administrative Advisor
--------------------------------------------------------------
C. Wonder LLC and its debtor-affiliates sought and obtained
permission from the Hon. Michael B. Kaplan of the U.S. Bankruptcy
Court for the District of New Jersey to employ Prime Clerk LLC as
administrative advisor, nunc pro tunc to Jan. 22, 2015.

The Debtors require Prime Clerk to:

   (a) assist with, among other things, solicitation, balloting
       and tabulation of votes, and prepare any related reports,
       as required in support of confirmation of a chapter 11
       plan, and in connection with such services, process
       requests for documents from parties in interest, including,

       if applicable, brokerage firms, bank back offices and
       institutional holders;

   (b) prepare an official ballot certification and, if necessary,

       testify in support of the ballot tabulation results;

   (c) manage and coordinate any distributions pursuant to a
       Chapter 11 plan; and

   (d) provide such other processing, solicitation, balloting and
       other administrative services described in the Services
       Agreement, but not included in the Section 156(c)
       Application, as may be requested from time to time by the
       Debtors, the Court or the clerk's office.

Prime Clerk will be paid at these hourly rates:

       Analyst                    $45
       Technology Consultant      $115
       Consultant                 $135
       Senior Consultant          $165
       Director                   $190
       Solicitation Consultant    $190
       Director of Solicitation   $210

Prime Clerk will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Michael J. Frishberg, co-president and chief operating officer of
Prime Clerk, 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.

Prime Clerk can be reached at:

       Shai Waisman
       PRIME CLERK LLC
       830 3rd Avenue, 9th Flr
       New York, NY 10022
       Tel: (212) 257-5450
       E-mail: swaisman@primeclerk.com

                        About C. Wonder

Founded by J. Christopher Burch in 2010, C. Wonder is a specialty
retailer with retail stores in the United States.  With
headquarters in New York, the company sells WOMEN'S CLOTHING,
jewelry, shoes, handbags and other accessories as well as select
home goods under the C. Wonder brand.  The Company maintains two
distribution centers in New Jersey.

The Company opened its first retail store in New York in 2011.  By
2014, the Company had expanded its operations to include 29
locations across 13 states including its flagship location in Soho,
New York.  Amid mounting losses, C. Wonder closed 16 of its retail
stores by the end of 2014.   C. Wonder closed 9 additional stores
in January 2015.  As of the bankruptcy filing, C. Wonder had four
retail stores in the U.S. (Soho, Flat Iron, Time Warner Center and
Manhasset).

C. Wonder LLC and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 15-11127) in Trenton, New
Jersey on Jan. 22, 2015.  The cases are assigned to Judge Michael
B. Kaplan.

The Debtors tapped Cole, Schotz, Meisel, Forman & Leonard, P.A.,
As counsel, and Marotta, Gund, Budd & Dzera, LLC, as crisis
Management services provider.

As of the Filing Date, the Debtors had assets with a book value of
$43.7 million and liabilities of $61.0 million.

The U.S. Trustee for Region 3 appointed three members to the
Official Committee of Unsecured Creditors.  The Creditors'
Committee has tapped Porzio, Bromberg & Newman, P.C., as counsel,
and CBIZ Accounting, Tax & Advisory of New York, LLC, as financial
advisors.


CAESARS ENTERTAINMENT: Judge Sets Hearing for Bid for Quick Appeal
------------------------------------------------------------------
Joseph Checkler, writing for Dow Jones' Daily Bankruptcy Review,
reported that a judge set Aug. 4 as the date to hear bankrupt
Caesars Entertainment Operating Co.'s latest bid for a quick appeal
of a recent decision that creditor lawsuits can continue against
the casino giant's nonbankrupt parent, Caesars Entertainment Corp.

As previously reported by The Troubled Company Reporter, Judge A.
Benjamin Goldgar of the U.S. Bankruptcy Court in Chicago ruled that
CEOC can't quickly appeal a ruling that allows creditors' lawsuits
against its parent to proceed.  Judge Goldgar said CEOC may not
bypass the district court to take its challenge of his ruling
straight to the Seventh U.S. Circuit Court of Appeals, a victory
for the creditors suing parent Caesars Entertainment Corp. over
asset transfers between the two companies before CEOC's bankruptcy
filing.

                    About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.,
is one of the world's largest casino companies.  Caesars casino
resorts operate under the Caesars, Bally's, Flamingo, Grand
Casinos, Hilton and Paris brand names.  The Company has its
corporate headquarters in Las Vegas.  Harrah's announced its
re-branding to Caesar's in mid-November 2010.

In January 2015, Caesars Entertainment and subsidiary Caesars
Entertainment Operating Company, Inc., announced that holders of
more than 60% of claims in respect of CEOC's 11.25% senior secured
notes due 2017, CEOC's 8.5% senior secured notes due 2020 and
CEOC's 9% senior secured notes due 2020 have signed the Amended
and
Restated Restructuring Support and Forbearance Agreement, dated as
of Dec. 31, 2014, among Caesars Entertainment, CEOC and the
Consenting Creditors.  As a result, The RSA became effective
pursuant to its terms as of Jan. 9, 2015.

Appaloosa Investment Limited, et al., owed $41 million on account
of 10% second lien notes in the company, filed an involuntary
Chapter 11 bankruptcy petition against CEOC (Bankr. D. Del. Case
No. 15-10047) on Jan. 12, 2015.  The bondholders are represented
by
Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor LLP.

CEOC and 172 other affiliates -- operators of 38 gaming and resort
properties in 14 U.S. states and 5 countries -- filed Chapter 11
bankruptcy petitions (Bank. N.D. Ill.  Lead Case No. 15-01145) on
Jan. 15, 2015.  CEOC disclosed total assets of $12.3 billion and
total debt of $19.8 billion as of Sept. 30, 2014.

Delaware Bankruptcy Judge Kevin Gross entered a ruling that the
bankruptcy proceedings will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois.

Kirkland & Ellis serves as the Debtors' counsel.  AlixPartners is
the Debtors' restructuring advisors.  Prime Clerk LLC acts as the
Debtors' notice and claims agent.  Judge Benjamin Goldgar presides
over the cases.

The U.S. Trustee has appointed seven noteholders to serve in the
Official Committee of Second Priority Noteholders and nine members
to serve in the Official Unsecured Creditors' Committee.

The U.S. Trustee appointed Richard S. Davis as Chapter 11
examiner.

                         *     *     *

The Troubled Company Reporter, on April 27, 2015, reported that
Fitch Ratings has affirmed and withdrawn the Issuer Default Ratings
(IDR) and issue ratings of Caesars Entertainment Operating Company
(CEOC).  These actions follow CEOC's Chapter 11 filing on Jan. 15,
2015.  Accordingly, Fitch will no longer provide ratings or
analytical coverage for CEOC.

In addition, Fitch has affirmed the IDR and issue rating of Chester
Downs and Marina LLC (Chester Downs) and the ratings have been
simultaneously withdrawn for business reasons.




CCS INTERMEDIATE: S&P Lowers CCR to 'B-' on Weak Performance
------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered the corporate
credit rating on Nashville, Tenn.-based CCS Intermediate Holdings
LLC to 'B-' from 'B'.  The outlook is stable.

At the same time, S&P lowered the issue-level ratings on the
company's first-lien debt, consisting of a $50 million revolver and
$335 million term loan, to 'B-' from 'B'.  The recovery rating on
the debt remains '3', indicating S&P's expectation for meaningful
(50%-70%; higher half of the range) recovery in the event of a
payment default.  S&P also lowered the issue-level rating on its
$170 million second-lien term loan to 'CCC' from 'CCC+'.  The
recovery rating on the debt remains '6', indicating S&P's
expectation for negligible (0% to 10%) recovery in the event of a
payment default.

"We lowered the ratings because the company underperformed our
expectations and we believe covenant headroom will remain thin over
the next year," said Standard & Poor's credit analyst Tulip Lim.

"Margins have been weaker than we expected because of the
underperformance of certain contracts, contract losses, weakness in
the smaller Community Services division, and
slower-than-anticipated realization of synergies," she added.

The stable outlook reflects S&P's expectation that leverage will
remain high and covenant headroom will remain narrow, but that the
company will still generate moderate cash flow from revenue growth
and margin expansion, despite continued pressures from contract
renewals and increasing healthcare costs, principally from the
realization of synergies over the next two years.

S&P could lower the rating if we deem CCS's capital structure to be
unsustainable.  This could occur if organic revenue begins to
decline at a low- to mid-single-digit rate and the company's EBITDA
margin fails to improve 200 bps as S&P expects because of contract
losses, contract underperformance, and lower-than-expected
realization of synergies.

A higher rating is less likely.  Given the high volatility of
profitability, S&P would consider an upgrade only if the company
generates a meaningful cushion of cash flow to withstand a sizable
drop in margins and still generates moderate free cash flow.  If
the pace of growth continues at a mid- to high-single-digit rate,
margins are 250 basis points higher than S&P's expectations,
leverage declines below 6x, and the company's free cash flow
generation is meaningfully higher, S&P could consider an upgrade.



CLIFFS NATURAL: Posts $60.2 Million Net Income for 2nd Quarter
--------------------------------------------------------------
Cliffs Natural Resources Inc. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income attributable to Cliffs shareholders of $60.2 million on
$498 million of revenues for the three months ended June 30, 2015,
compared to net income attributable to Cliffs shareholders of $10.9
million on $748 million of revenues for the same period last year.

For the six months ended June 30, 2015, the Company reported a net
loss attributable to Cliffs shareholders of $700 million on $944
million of revenues compared to a net loss attributable to Cliffs
shareholders of $59.4 million on $1.30 million of revenues for the
same period in 2014.

As of June 30, 2015, the Company had $2.60 billion in total assets,
$4.30 billion in total liabilities and a $1.70 billion total
deficit.

Lourenco Goncalves, Cliffs' chairman, president and chief executive
officer, said, "Over the past twelve months we have taken actions
to protect the long-term viability of Cliffs.  These include the
elimination of a revolver with restrictive covenants, the removal
of loss-making Eastern Canadian Iron Ore, the divestiture of
several non-core assets, the significant reduction of SG&A and
capital expenditures, and the optimization of costs in U.S. Iron
Ore and Asia Pacific Iron Ore."  Mr. Goncalves added, "As actions
are taken to combat the influence of unfairly-traded steel in the
United States, we expect to see improved industry operating
conditions and profitability in the second half of this year."

At the end of second quarter of 2015, Cliffs had net debt of $2.6
billion, compared to $3.1 billion of net debt4 at the end of the
second quarter of 2014.  There were no borrowings on the Company's
asset-based lending facility at the end of the second quarter of
2015.  The reduction in net debt4 was a consequence of several
actions including asset sales, exchange offers and open-market bond
repurchases during the prior twelve months.

Capital expenditures during the quarter were $19 million, a 70
percent decrease compared to $61 million in second quarter of 2014.
This includes capital expenditures related to North American Coal.
Cliffs also reported depreciation, depletion and amortization of
$31 million in the second quarter of 2015.

A copy of the Form 10-Q is available at http://goo.gl/zG4kuX

                About Cliffs Natural Resources

Cliffs Natural Resources Inc. --
http://www.cliffsnaturalresources.com/-- is a mining and natural
resources company.  The Company is a major supplier of iron ore
pellets to the U.S. steel industry from its mines and pellet plants
located in Michigan and Minnesota.  Cliffs also produces
low-volatile metallurgical coal in the U.S. from its mines located
in West Virginia and Alabama.  Additionally, Cliffs operates an
iron ore mining complex in Western Australia and owns two
non-operating iron ore mines in Eastern Canada.  Driven by the core
values of social, environmental and capital stewardship, Cliffs'
employees endeavor to provide all stakeholders operating and
financial transparency.

On Jan. 27, 2015, Bloom Lake General Partner Limited and certain of
its affiliates, including Cliffs Quebec Iron Mining ULC commenced
restructuring proceedings in Montreal, Quebec, under the Companies'
Creditors Arrangement Act (Canada).  The initial CCAA order will
address the Bloom Lake Group's immediate liquidity issues and
permit the Bloom Lake Group to preserve and protect its assets for
the benefit of all stakeholders while restructuring and sale
options are explored.

The Company reported a net loss of $8.31 billion in 2014 following
net income of $362 million in 2013.

                          *    *     *

As reported by the TCR on Feb. 3, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Cliffs
Natural Resources Inc. to 'B' from 'BB-'.  The downgrade of
Cleveland-based Cliffs Natural Resources is driven by a revision
of the company's financial risk profile to "highly leveraged" from
"aggressive" as a result of S&P's lowered iron ore price
assumptions.  The 24% cut to $65 per metric ton marked the
third downward revision since early 2014, when S&P's forecast
prices were more than $100 per metric ton.

The TCR reported in March 2015 that Moody's Investors Service
downgraded Cliffs Natural Resources Inc. Corporate Family Rating
and Probability of Default Rating to 'B1' and 'B1-PD'
respectively.  "The downgrade in the CFR to 'B1' reflects
expectations for a weaker performance in the Asia Pacific iron ore
(APIO) segment, which has a greater exposure to the movement of
iron ore prices in the seaborne market," said Carol Cowan, Moody's
senior vice president.


COMSTOCK MINING: Reaches Agreement to Amend Joint Venture
---------------------------------------------------------
Comstock Mining Inc. announced that it has reached a definitive
agreement with John V. Winfield to amend the terms of the operating
agreement for its Northern Comstock LLC joint venture, that will
reduce the Company's remaining capital contributions from $31.05
million down to $9.75 million and permit such capital contributions
to be made in the form of cash, or in certain circumstances, the
Company's common stock, par value $0.000666 per share and defer
certain payments to a more suitable schedule.  In addition, any
prior or future royalty commitments for the Northern Comstock
properties and Mr. Winfield will be eliminated.  There are no
provisions for any issuances of preferred stock, in any form.

Additionally, the Company will mail notices and consent
solicitations to all the holders of the Company's outstanding
shares of convertible preferred stock, pursuant to which the
Company is seeking written authorization from a majority of the
holders of the Company’s outstanding 7 1/2% Series A-1
Convertible Preferred Stock, 7 1/2% Series A-2 Convertible
Preferred Stock and 7 1/2% Series B Convertible Preferred Stock to
amend the certificates of designation of rights, preferences,
rights and limitations of the Preferred.  If adopted, the
amendments to the Charters will result in the automatic conversion
of the Preferred into shares of Common Stock.  In addition, if the
amendments to the Charters are approved, each holder of the
Preferred will receive a one-time dividend of 127 shares of Common
Stock, per share of Preferred.

Adoption of the amendments requires approval of affirmative vote of
the holders of a majority of the then outstanding shares of the
Preferred and submission of the amendments to the Charters with the
Secretary of State of the State of Nevada.  Even if approved by a
majority of the then outstanding shares of the Preferred, until
adopted, the Board has the right to terminate the Consent
Solicitation and elect not to file the amendments.  Consents
received by the Company shall cease to be effective if the
amendments are not adopted on or before Aug. 26, 2015.
A majority of the holders of the Shares, including the Winfield
Group (which includes Mr. John V. Winfield, the Company's Chairman
of our Board of Directors, and entities that he controls) have
indicated their intention to authorize the amendments to the
Charters.

Corrado De Gasperis, president & CEO commented, "This is a
watershed moment in the Company's evolution that reflects our
investors confidence in our progress and forward plans and our
boards ability to take steps necessary to maximize value to all of
our shareholders.  It immediately strengthens our balance sheet by
significantly reducing liabilities on some of our richest
properties, improves our liquidity and dramatically lowers our
future capital and mining costs.

Holders of Preferred are referred to the Notice dated July 29,
2015, and the related Consent Letter, which are being sent to
holders of the Preferred, for the detailed terms and conditions of
the Consent Solicitation.  The record date for determining the
holders who are entitled to consent is 5:00 p.m., New York City
time, on July 28, 2015.

Chairman John V. Winfield commented, "We have achieved tremendous
progress despite significant challenges and obstacles, in the midst
of one of the most difficult markets for junior miners.  We have
consolidated an unprecedented land position in a world-class silver
and gold district, developed our resources, constructed and
permitted a low-cost operation and have successfully established
production while developing multiple, high-grade targets.  These
achievements, coupled with a simpler, more efficient capital
structure that equally aligns all of our shareholders, provide a
clear path for maximizing the intrinsic value of the Company's
precious metals, real estate and the unique, historical Comstock
brand."

Mr. Winfield has advised the Company that, upon the successful
conversion, he intends to donate all of his resulting personal
dividends to the Comstock Foundation, an established 501 (c) 3
organization dedicated to the protection, preservation and
restoration of the Comstock.  He also informed the Company of his
intention to step down from his duties on its board, upon the
successful conversion, to focus more on the community enhancing
work of the Comstock Foundation and its efforts to enhance the
national historical landmark and the Comstock brand.  He will also
continue focusing on his other InterGroup (NASDAQ: INTG)
responsibilities.

Mr. De Gasperis concluded: "These transactions reflect the strong
confidence and direct support of our largest investor in both our
board and management teams for growing and maximizing the intrinsic
value for all of our shareholders."
Unless extended by the Company (which the Company has the right to
do at any time and from time to time), the Consent Solicitation is
scheduled to expire at 11:59 p.m., New York City time, on Aug. 26,
2015.

                      About Comstock Mining

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

Comstock Mining reported a net loss available to common
shareholders of $13.3 million in 2014, a net loss available
to common shareholders of $25.4 million in 2013 and a
net loss available to common shareholders of $35.1 million in
2011.

As of June 30, 2015, the Company had $48.8 million in total assets,
$26.8 million in total liabilities and $22 million in total
stockholders' equity.


COMSTOCK RESOURCES: Moody's Cuts Corporate Family Rating to 'Caa1'
------------------------------------------------------------------
Moody's Investors Service downgraded Comstock Resources, Inc.'s
(Comstock) Corporate Family Rating (CFR) to Caa1 from B3,
Probability of Default Rating (PDR) to Caa1-PD from B3-PD, senior
secured rating to B2 from Ba3, and senior unsecured rating to Caa2
from Caa1. Moody's affirmed the SGL-3 Speculative Grade Liquidity
rating. The rating outlook is stable. The downgrade is the result
of the company's deteriorating cash flow metrics and high
leverage.

"Comstock's strategic shift to return to a natural gas focus and
the considerably lower margins that typically accompany gas
production compared to oil will likely lead to scant coverage of
the company's heavy interest burden in the near term," said John
Thieroff, Moody's Vice President. "While liquidity has been shored
up through a $700 million secured notes issue in March and asset
sales, the company will be challenged to grow production
significantly to a level that supports its debt load."

Downgraded:

Corporate Family Rating, Downgraded to Caa1 from B3

Probability of Default Rating, Downgraded to Caa1-PD from B3-PD

Senior Secured Rating, Downgraded to B2 (LGD2) from Ba3 (LGD2)

Senior Unsecured Rating, Downgraded to Caa2 (LGD5) from Caa1
(LGD5)

Outlook: Stable

Affirmed:

Speculative Grade Liquidity Rating, affirmed at SGL-3

RATINGS RATIONALE

The Caa1 CFR reflects Comstock's high leverage, limited scale, and
the risks of further degradation in credit metrics in a low oil and
natural gas price environment. Given our expectation for continued
weakness in natural gas prices through 2016 and the lack of
meaningful commodity price hedging, the company will generate weak
cash flows and need to fund significant operating cash flow
shortfalls with cash from the balance sheet. Because of its heavy
interest burden, we view Comstock as having limited ability to
further reduce capital spending given its need to grow production
following several years of decline. The rating is also a function
of Comstock's production profile which is increasingly trending
towards natural gas largely in the Haynesville Shale, reversing a
shift to an oil-focused strategy in 2011. Although Comstock's
drilling results thus far in 2015 from its Haynesville acreage have
been favorable, natural gas typically generates significantly lower
margins than oil, further inhibiting the company's ability to
reduce relative leverage. The Caa1 rating is supported by
Comstock's adequate liquidity.

The senior unsecured notes are rated Caa2, one notch below
Comstock's Caa1 CFR, reflecting their effective subordination to
the senior secured notes and senior secured revolver under Moody's
Loss Given Default (LGD) Methodology. The senior secured notes are
rated B2, two notches ahead of the Caa1 CFR based on their priority
claim to the unsecured notes. The secured notes and the company's
revolver have priority payment status relative to holders of the
unsecured notes. However, the credit facility has a first out
payment feature so ranks ahead of the secured notes.

The SGL-3 Speculative Grade Liquidity Rating reflects Moody's view
of adequate liquidity through mid-2016. Expected proceeds of $105
million from the sale of Comstock's Burleson County, Texas
properties will augment cash on hand, which was $229 million at
March 31, 2015. Comstock had full availability under its $50
million revolving credit facility at March 31. We expect Comstock
to utilize balance sheet cash to fund negative free cash flow
through at least mid-2016.

The revolving credit facility is not subject to a borrowing base
but does have two financial covenants - a minimum current ratio of
1.0x and a minimum PV-9 value of proved reserves to outstanding
revolver borrowings of 2.5x, both of which the company was
comfortably within compliance at March 31. Substantially all of the
company's assets are pledged as collateral for the revolving credit
facility and the secured notes. Comstock's next debt maturities are
the revolver on March 4, 2019 and its $400 million 7.75% senior
notes on April 1, 2019.

The stable outlook reflects our expectation that Comstock's
liquidity cushion will allow it to fund operating cash shortfalls
such that the company will be able to drill at a pace necessary to
grow production. We will likely downgrade the CFR if interest
coverage falls below 1.0x or if liquidity (cash plus availability
under the revolver) drops below $50 million. An upgrade is unlikely
in 2015. However, if the company can demonstrate consistent
production growth, generate a leveraged full-cycle ratio above 1.0x
and sustained EBITDA/Interest coverage above 2.0x while maintaining
adequate liquidity, an upgrade could be considered.

Comstock Resources, Inc. is an independent E&P company
headquartered in Frisco, Texas.



CORINTHIAN COLLEGES: Proposes to Sell Heald Intellectual Assets
---------------------------------------------------------------
Corinthian Colleges, Inc., and its debtor-affiliates seek authority
from the U.S. Bankruptcy Court for Delaware to sell the
intellectual assets of Heald College to Perry Enterprises for
$80,000.

The Debtors decided to use internal resources to market the assets
and determined that the Heald Assets were likely to generate the
most value.  The Purchase Price for Heald College, a 150-year old
regionally accredited institution with 12 campuses offering
associate degree curricula, is in the form of a cash bid.  The
Debtors believe that Purchaser's bid of a cash payment of $80,000
represents the highest and otherwise best offer for the Assets.

The intellectual property assets of Heald include, without
limitation, the trademarks "Heald College," "Heald," "Get In-Get
Out. Get Ahead," certain domain names, Heald historical items and
all other intellectual property assets related thereto.

The Debtors tell the Court that the proposed transaction is in the
best interests of their estates because, among other things, will
facilitate a quick and efficient disposition of the Assets since
they are no longer operating and therefore, have no further use for
the Assets. The Debtors submit that the marketing and bidding
process enabled the Debtors to maximize the value received for the
Assets for the benefit of all stakeholders of the Debtors'
estates.

The Debtors are represented by:

          Mark D. Collins, Esq.
          Michael J. Merchant, Esq.
          Marisa A. Terranova, Esq.
          Amanda R. Steele, Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          920 N. King Street
          Wilmington, Delaware 19801
          Telephone: 302-651-7700
          Facsimile: 302-651-7701
          Email: collins@rlf.com
                 merchant@rlf.com
                 terranova@rlf.com
                 steele@rlf.com

                    About Corinthian Colleges

Corinthian Colleges, Inc., Pegasus Education, Inc., and 23
affiliated entities filed voluntary Chapter 11 petitions (Bankr. D.
Del. Lead Case No. 15-10952) on May 4, 2015, to complete an orderly
wind down of its operations.  The cases are jointly administered
Case No. 15-10952.

Judge Kevin J. Carey presides over the case.  Richards, Layton &
Finger, P.A., represents the Debtors in their restructuring
efforts; FTI Consulting, Inc., serves as restructuring advisors;
and Rust Consulting/Omni Bankruptcy serves as claims and noticing
agent.

Corinthian Colleges, Inc., disclosed $721,596,789 in assets and
$2,929,448,278 in liabilities as of the Chapter 11 filing.

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


CORNERSTONE HOMES: Amends List of Creditors Holding Secured Claims
------------------------------------------------------------------
Cornerstone Homes, Inc., filed with the U.S. Bankruptcy Court for
the Western District of New York amended Schedule D - Creditors
Holding Secured Claims.  A copy of the schedules is available for
free at
http://bankrupt.com/misc/CornerstoneHomesamendedScheduleD.pdf

The Debtor previously filed with the Court its schedules of assets
and liabilities, disclosing total assets of $18,948,079 and total
liabilities of $36,298,118.

                      About Cornerstone Homes

Cornerstone Homes Inc. is based in Corning, New York and is
engaged in the business of buying, selling and leasing single
family homes in the State of New York, with such properties
primarily located in the South Central and South Western portions
of the State.

Cornerstone Homes Inc., filed a Chapter 11 petition (Bankr.
W.D.N.Y. Case No. 13-21103) on July 15, 2013, in Rochester
alongside a reorganization plan already accepted by 96 percent of
unsecured creditors' claims.

The Debtor disclosed assets of $18.6 million and liabilities of
$36.2 million.  Four secured lenders with $21.8 million in claims
are to be paid in full under the plan.  Unsecured creditors --
chiefly noteholders with $14.5 million in claims -- will have a 7
percent recovery.

Judge Paul R. Warren presides over the case.  Curtiss Alan Johnson,
Esq., and David L. Rasmussen, Esq., at Davidson Fink, LLP, in
Rochester, N.Y., serve as the Debtor's counsel.  The Debtor
hastapped GAR Associates to appraise a selection of its properties
to support the Debtor's liquidation analysis.

The Official Committee of Unsecured Creditors is represented by
Gregory J. Mascitti, Esq., at LeClairRyan PC.  The Committee
retained Getzler Henrich & Associates LLC as financial advisor.

Cornerstone Homes Inc. delivered to the Bankruptcy Court a First
Amended Plan of Reorganization and explanatory Disclosure Statement
on Jan. 3, 2014.  The Amended Plan supersedes the Plan Cornerstone
prepared prior to filing for bankruptcy.  The Debtor intends to
liquidate properties over a period of time, so as to achieve
maximum recovery for the creditors while avoiding a deleterious
affect on the housing market.  The Plan provides for a distribution
of $1 million as an Unsecured Distribution Amount.  

Owner David Fleet will pledge up to $1 million to fund
distributions under the Plan.  It also provides for the
distribution of the stock in the Reorganized Debtor to holders of
Allowed Unsecured Noteholder Claims under Class 5.  The Class 5
Claimants are expected to receive 7% plus distribution of stock on
the Distribution Date.  The Claimants are impaired and entitled to
vote on the Plan.

No hearing was slated to consider the Amended Plan documents.
Instead, the Court accepted the request of the Committee to appoint
a Chapter 11 trustee to replace management.  The Court approved the
appointment of Michael H. Arnold, Esq., as Chapter 11 trustee.  He
is represented by his law firm, Place and Arnold as his counsel.

Michael H. Arnold, Chapter 11 trustee, is represented by the firm
of Place and Arnold.  LeClairRyan and Barclay Damon LLP serve as
his special counsel.


CORPORATE RESOURCE: Aug. 10 Meeting Set to Form Creditors' Panel
----------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on April 13, 2015, at 10:00 a.m. in the
bankruptcy case of Corporate Resource Services, Inc., et al.

The meeting will be held at:

         J. Caleb Boggs Federal Building
         844 King St., Room 5209
         Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.
Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.



CRYOPORT INC: Amends Fiscal 2015 Annual Report
----------------------------------------------
Cryoport, Inc. has amended its annual report for the fiscal year
ended March 31, 2015, which was originally filed with the
Securities and Exchange Commission on May 19, 2015, solely for the
purposes of providing the information required by Item 10 of Part
III to Form 10-K, as well as amending and restating the information
required by Item 13 of Part III to Form 10-K, as previously
provided in the Original Filing.  A copy of the Form 10-K/A is
available at http://goo.gl/1FST4n

                          About Cryoport

Lake Forest, Calif.-based CryoPort, Inc. (OTC BB: CYRX) provides
comprehensive solutions for frozen cold chain logistics, primarily
in the life science industries.  Its solutions afford new and
reliable alternatives to currently existing products and services
utilized for bio-pharmaceuticals and biologics, including in-vitro
fertilization, cell lines, vaccines, tissue and other commodities
requiring a reliable frozen solution.

Cryoport reported a net loss attributable to common stockholders of
$12.2 million for the year ended March 31, 2015, compared to a net
loss attributable to common stockholders of $19.6 million for the
year ended March 31, 2014.  As of March 31, 2015, Cryoport had $2.6
million in total assets, $3.02 million in total liabilities and a
$416,000 total stockholders' deficit.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2015, citing that the
Company has incurred recurring operating losses and has had
negative cash flows from operations since inception.  Although the
Company has cash and cash equivalents of $1.4 million at March 31,
2015, management has estimated that cash on hand, which include
proceeds from Class B convertible preferred stock received
subsequent to the fourth quarter of fiscal 2015, will only be
sufficient to allow the Company to continue its operations into the
third quarter of fiscal 2016.  These matters raise substantial
doubt about the Company's ability to continue as a going concern.





CUMULUS MEDIA: Posts $12.3 Million Net Income for Second Quarter
----------------------------------------------------------------
Cumulus Media Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $12.3 million on $299 million of net revenue for the three
months ended June 30, 2015, compared to net income of $15.1 million
on $328 million of net revenue for the same period in 2014.

For the six months ended June 30, 2015, the Company reported net
income of $284,000 on $570 million of net revenue compared to net
income of $5.8 million on $620 million of net revenue for the same
period during the prior year.

As of June 30, 2015, the Company had $3.7 billion in total assets,
$3.1 billion in total liabilities and $549.5 million in total
stockholders' equity.

A copy of the Form 10-Q is available at http://goo.gl/UpSP04

                         About Cumulus Media

Cumulus Media Inc. (CMLS) combines high-quality local programming
with iconic, nationally syndicated media, sports and entertainment
brands in order to deliver premium choices for listeners, provide
substantial reach for advertisers and create opportunities for
shareholders.  As the largest pure-play radio broadcaster in the
United States, Cumulus provides exclusive content that is fully
distributed through approximately 460 owned-and-operated stations
in 90 U.S. media markets (including eight of the top 10), more
than 10,000 broadcast radio affiliates and numerous digital
channels.  Cumulus is well-positioned in the widening digital
audio space through a significant stake in the Rdio digital music
service, featuring 30 million songs on-demand in addition to
custom playlists and exclusive curated channels.  Cumulus is also
the leading provider of country music and lifestyle content
through its NASH brand, which will serve country fans through
radio programming, NASH magazine, concerts, licensed products and
television/video. For more information, visit www.cumulus.com

Cumulus Media put AR Broadcasting Holdings Inc. and three other
units to Chapter 11 protection (Bankr. D. Del. Lead Case No.
11-13674) in 2011 after struggling to pay off debts that topped
$97 million as of June 30, 2011.

                         Bankruptcy Warning

"The lenders under the Credit Agreement have taken security
interests in substantially all of our consolidated assets, and we
have pledged the stock of certain of our subsidiaries to secure the
debt under the Credit Agreement.  If the lenders accelerate the
required repayment of borrowings, we may be forced to liquidate
certain assets to repay all or part of such borrowings, and we
cannot assure you that sufficient assets will remain after we have
paid all of the borrowings under such Credit Agreement.  If we were
unable to repay those amounts, the lenders could proceed against
the collateral granted to them to secure that indebtedness and we
could be forced into bankruptcy or liquidation.  Our ability to
liquidate assets could also be affected by the regulatory
restrictions associated with radio stations, including FCC
licensing, which may make the market for these assets less liquid
and increase the chances that these assets would be liquidated at a
significant loss.  Any requirement for us to liquidate assets would
likely have a material adverse effect on our business," the Company
said in its annual report for the year ended Dec. 31, 2014.

                           *     *     *

Standard & Poor's Ratings Services, in September 2014, revised its
rating outlook on Atlanta, Ga.-based Cumulus Media to stable from
positive.  S&P also affirmed its 'B' corporate credit and existing
debt ratings on the company.

As reported by the TCR in April 2013, Moody's Investors Service
downgraded Cumulus Media's Corporate Family Rating to 'B2' from
'B1' and Probability of Default Rating to 'B2-PD' from 'B1-PD'.
The downgrades reflect Moody's view that the pace of debt repayment
and delevering will be slower than expected.  Although EBITDA for
fourth quarter of 2012 reflects growth over the same period in the
prior year, results fell short of Moody's expectations.


CURTIS JAMES JACKSON: 50 Cent's Civil Suit Troubles Mounting
------------------------------------------------------------
Legal-Bay LLC, The Lawsuit Settlement Funding Company, on July 28
disclosed that 50 Cent filed bankruptcy protection after being
ordered to pay a woman $5 million for damages for putting a sex
tape online, then testified and claimed poverty in the leaked sex
tape trial.  However, the jury did not seem to buy it that 50 Cent
was broke and socked him with another $2MM in damages.  According
to The NY Daily News, 50 Cent took the witness stand in Manhattan
Supreme Court and claimed that his lifestyle was a "mirage," done
out of entertainment.  50 Cent was ordered to pay the woman
involved the large award involving the sex tape due to the
"infliction of emotional distress."

50 Cent's civil lawsuit troubles are now mounting.  In 2014, the
rapper was sued by Sleek Audio and the jury found that "Fitty" was
found to be liable for damages totaling $17MM, which brings the
total still unpaid for both suits at $24MM.  50 Cent's lawyers have
stated their desire to fight the jury verdict awards with verdict
appeals and post-trial motions.     

Sexual misconduct and sexual harassment cases like this
unfortunately occur, and cases with large jury or judgment awards
take many years to resolve through the courts and appellate
process, especially when you have bankruptcy issues that could
impact the plaintiff's ability to collect.  Legal-Bay is one of the
few companies in the lawsuit funding industry that is willing to
consider funding of cases involving bankruptcies.  Additionally,
the company is a leader of sexual misconduct, sexual assault, and
sexual harassment suits, whether in the workplace or not, as well
as commercial litigation and verdict or judgment on appeal cases.

Chris Janish, CEO, commented on the company's focus of assisting
plaintiffs in these situations, "Unfortunately the 50 Cent verdicts
represent challenging efforts for the plaintiffs to collect their
money, even from someone like 50 Cent who has portrayed himself as
a multi-millionaire and mega star.  However, our company has
sophisticated underwriting teams that can help the plaintiff secure
some funding regardless if there is a personal bankruptcy or
bankruptcy from the plaintiff.  Verdict on appeal funding is
something every plaintiff, and their attorney, should consider due
to the risk of an appellate loss or the inability to collect."    

Legal-Bay -- http://lawsuitssettlementfunding.com-- is a lawsuit
money firm.  It aids victims involved in cases, including clergy or
Catholic Church sexual abuse cases, sexual harassment in the
workplace, prison rape cases, police brutality, video or text sex
harassment, rape in group homes and other sex crime cases, and
commercial litigation.

Curtis James Jackson, III, aka 50 Cent, filed for Chapter 11
bankruptcy protection (Bankr. D. Conn. Case No. 15-21233) on July
13, 2015.



DENBURY RESOURCES: Moody's Affirms 'Ba3' Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service changed Denbury Resources Inc.'s rating
outlook to negative from stable. Denbury's existing Ba3 Corporate
Family Rating (CFR), B1 ratings on senior subordinated notes and
SGL-3 Speculative Grade Liquidity Rating were affirmed.

"Denbury's credit metrics will weaken in 2016 without a modest
recovery in oil prices", said James Wilkins, a Moody's Vice
President -- Senior Analyst. "However, Denbury has adequate
liquidity and will generate positive free cash flow in 2015."

The following summarizes the ratings.

Ratings affirmed:

Denbury Resources Inc.

-- Corporate Family Rating - Ba3

-- Probability of Default Rating -- Ba3-PD

-- Senior Subordinated Notes due 2021 - B1 (LGD4)

-- Senior Subordinated Notes due 2022 - B1 (LGD4)

-- Senior Subordinated Notes due 2023 - B1 (LGD4)

-- Speculative Grade Liquidity Rating - SGL-3

Outlook - Changed to Negative from Stable

RATINGS RATIONALE

The negative outlook reflects Moody's expectation that Denbury's
profit margins will decline and its credit profile weaken as its
hedges roll off in 2016. Additionally, Denbury's production profile
will flatten as capital expenditures are reduced and the company
delays its CO2 EOR infrastructure build out.

Denbury's Ba3 Corporate Family Rating (CFR) reflects its
considerable scale, ownership of extensive CO2 supply
infrastructure and its oil-focused production profile. In addition,
Denbury's production profile is liquids-rich, with about 95% of its
production coming from oil extracted primarily from the Gulf Coast
and Rocky Mountain regions. The rating also incorporates the unique
aspects of its CO2 EOR-focused strategy that requires significant
upfront capital investments, long development lead times and high
operating costs, but also provides for a lower risk asset base,
with no exploration risk and long-lived reserves. In a $50/bbl
crude oil environment, Denbury's relatively high production costs
will result in modest cash margins. The rating is tempered by
Denbury's high financial leverage and need for significant capital
spending to develop fields in the Rocky Mountains.

The SGL-3 Speculative Grade Liquidity Rating reflects Moody's
expectation that the company will have adequate liquidity through
the first half of 2016, primarily supported by availability under
its revolving credit facility due December 9, 2019. At March 31,
2015, Denbury had available liquidity of over $1.1 billion,
including a cash balance of $6.0 million and bank facility
availability under its $1.6 billion revolver ($465 million was
drawn as of March 31, 2015). The revolver is secured by nearly all
of the company's oil and gas properties. The borrowing base, which
was set at $2.6 billion at its last annual redetermination in May
2015, significantly exceeds the $1.6 billion in commitments and
will not be subject to change until May 2016. The company has
stated its 2015 capital spending will be limited such that it will
generate material free cash flow. Towards that goal, the company's
2015 budget calls for $550 million of capital expenditures, down
from $1.1 billion in 2014. The company believes it needs to spend
between $400-$450 million on capital expenditures to maintain
relatively flat production.

The revolving credit facility has financial covenants which were
amended May 4, 2015. Under the amended facility, in 2015, the
company is subject to a maximum total net debt to EBITDAX covenant
(4.25x) and a minimum current ratio covenant (1.0x). Starting in
2016, the covenants consist of a maximum secured debt to EBITDAX
ratio (2.5x), a minimum EBITDAX to interest charges ratio (2.25x)
and a minimum current ratio (1.0x). We expect the company will be
in compliance with its financial covenants during 2015, even if WTI
oil is priced around $50/bbl and the reduction in its hedged
position results in a reduction in EBITDAX generated in the fourth
quarter 2015. The change in covenants for 2016 should allow the
company to comply with the new financial covenants during 2016.

The ratings could be downgraded if Denbury's retained cash flow to
debt is expected to trend below 20% and its unlevered cash margin
per boe is expected to be below $27. A ratings upgrade is unlikely
at this time, but could be considered if Denbury reduces its debt
to average daily production to less than $30,000 per barrel of oil
equivalent (boe) of daily production and $10 per boe of proved
developed (PD) reserves on a sustained basis.

The principal methodology used in these ratings was Global
Independent Exploration and Production Industry published in
December 2011. Other methodologies used include Loss Given Default
for Speculative-Grade Non-Financial Companies in the US, Canada,
and EMEA published in June 2009.

Denbury Resources Inc., headquartered in Plano, Texas, is an
independent oil and gas company with operations in the Gulf Coast
and Rocky Mountain regions. The company has a significant emphasis
on carbon dioxide enhanced oil recovery (CO2 EOR) operations used
to recover oil from mature fields.



DETROIT, MI: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
-----------------------------------------------------------------
Standard & Poor's Ratings Services has assigned its 'A' rating,
with a stable outlook, to Michigan Finance Authority's Local
Government Loan Program revenue bonds, series 2014F, issued on
behalf of Detroit, based on a first-lien pledge of the city's
income tax.  The bonds are also secured by a limited-tax general
obligation (GO) pledge.  At the same time, Standard & Poor's
assigned its 'B' issuer credit rating (ICR), with a stable outlook,
to Detroit.  The bonds are rated based on the income tax pledge.

"We view the projected coverage on the revenue bonds as a key
credit strength," said Standard & Poor's credit analyst Jane
Ridley.

In S&P's opinion, credit factors supporting the 'A' rating on the
income tax bonds include:

   -- Projected coverage of 6.5x or higher based on projected
      revenues to be deposited in the pledged income tax account,
      based on 2014 actual collections with no growth.

   -- Monthly coverage of MADS of not less than 2.85x in the past
      three years.

   -- The creation of a statutory lien and trust under the
      indenture, with income tax revenues paid to the trustee for
      principal and interest.  Approximately 90% of the
      collections made electronically to Comerica Bank as the
      income tax depository bank, with the balance going to a
      deposit account at JPMorgan Chase Bank (also an income tax
      depository bank) with daily transfers to Comerica.  All
      collections at both banks are transferred daily to a
      trustee-held account at Comerica.

   -- Per the authorizing statute, the revenues held by the
      trustee are exempt from being levied upon, taken,
      sequestered, or applied to any other debts of the city other

      than the bonds to which they are pledged.

   -- Adequate bond provisions, including debt service reserve
      (DSR) fund funded at the standard three-prong test;
      additional bonds test of 2x historical maximum annual debt
      service (MADS) on the income tax pledge; and a rate covenant

      of 2x on the income tax pledge, although Detroit is
      currently levying the maximum rate.

Offsetting factors of the income tax pledge include S&P's view of
these:

   -- A dedicated transfer of the income tax to support the police

      operating budget, which is superior to the pledge on the
      bonds, and makes up about 8% of total tax collections.

   -- Concentrated nature of the tax base, with more than 90% of
      income tax collections coming from approximately 40
      employers.

   -- Limited geographic reach of the income tax as it is
      collected only within Detroit.  No limitations on the city's

      ability to reduce the income tax rate besides a 2x rate
      covenant.

   -- Track record evidencing extreme prior credit stress, given
      the city's bankruptcy filing in 2013.

Income taxes are collected by Comerica Bank and JPMorgan, and per
Michigan Act 17, as part of the trust are considered the property
of bondholders immediately upon being owed.  A Deposit Account
Control Agreement governs the flow of revenues from the point of
payment directly to the trustee, UMB Bank, for the payment of debt
service.  All collections—regardless of the collection
point—are transferred daily to the trustee account.  On a monthly
basis, after sufficient collections have been received for debt
service and any DSR replenishment, the remainder goes to the city
for general operations.

The bonds are secured by the city's income tax, which is levied at
2.4% of taxable income for residents working in Detroit, 1.2% for
non-residents, and 2.0% for businesses.  Per the indenture, the
city has granted a security interest in the pledged revenues, on
behalf of bondholders, on a first-priority lien basis, of all
rights, title, and interest in the pledged income taxes.  The
pledge of income tax revenues is net of its pledge to police
operations; 0.2% of the 2% tax on residents (0.1% of the 1% for
non-residents), is transferred monthly from the income tax account
to the city for supporting police operations.  The total annual
amount is about $20 million.  Although the pledge is superior to
the pledge on the bonds, the transfer to police operations will
come after money is set aside for debt service.

In S&P's view, coverage of MADS (2020) is good at 6.50x of 2014
actual collections.  Set-asides of one-sixth interest and one-12th
principal are made monthly, and the lowest coverage of pro forma
MADS in the past three years is 3.27x.  Collection rates on income
taxes have ranged from 97% to 99% for the past seven years.

There is a historical additional bonds test that calls for 2x
coverage of MADS, which S&P considers good.  There is also  a 2x
rate covenant but the city is currently levying at the maximum tax
rate.  The debt service reserve fund will be funded at the standard
three-prong test, but given an uneven debt service schedule it is
likely to be 10% of par, which is about $12 million less than
MADS.

The 'B' ICR on Detroit is based on these credit factors:

   -- Very weak economy, with significant population decline, but
      access to a broad and diverse metropolitan statistical area
      (MSA);

   -- Very weak management given the city's bond defaults,
      although the city maintains "standard" financial policies
      and practices under our Financial Management Assessment
      (FMA) methodology;

   -- Weak budgetary performance, with operating results that S&P
      expects could deteriorate in the near term relative to
      fiscal 2014, which closed with operating surpluses in the
      general fund and at the total governmental fund level;

   -- Very weak budgetary flexibility, with an available fund
      balance that S&P expects will improve in the near term from
      its fiscal 2014 level of negative 15% of operating
      expenditures, as well as limited capacity to reduce
      expenditures and limited capacity to raise revenues;

   -- Adequate liquidity, with total government available cash of
      39.4% of total governmental fund expenditures and 2.0x
      governmental debt service, but with access to external
      liquidity that we consider uncertain;

   -- Very weak debt and contingent liability profile, with debt
      service carrying charges of 19.8% of expenditures and net
      direct debt that is 126.9% of total governmental fund
      revenue in fiscal 2014, as well as high overall net debt at
      greater than 10% of market value and a large pension and
      other postemployment benefit (OPEB) liability; and

   -- Strong institutional framework score.

The stable outlook on the series 2014F bonds reflects S&P's
expectation of continued high debt service coverage and a stable
revenue base.  Should coverage improve dramatically, S&P could
raise the rating, although that is not likely under the two-year
outlook horizon.  Should coverage fall due to additional debt or
softening of income tax revenues, S&P could lower the rating.  The
outlook on the ICR is stable, reflecting the city's current ability
to meet all fixed cost payments.  Given the history of default, S&P
aren't likely to raise the rating during the outlook horizon.  S&P
could lower the rating during the outlook period if Detroit
demonstrates a structural imbalance sizable enough to pressure its
ability to make fixed cost payments or operate effectively.



DOMUM LOCIS: Asks Court to Extend Plan Filing Date to Nov. 30
-------------------------------------------------------------
Domum Locis, LLC, asks the U.S. Bankruptcy Court for Central
District of California, Los Angeles Division, to extend its
exclusive period to file a plan of reorganization through and
including November 30, 2015, and their exclusive period to obtain
acceptances of that plan through and including January 29, 2016.

The Debtor tells the Court that it requires an extension of the
exclusivity period while (i) the Bankruptcy Appellate Panel a
ruling on an appeal, and (ii) Kilroy and Lloyds attend the upcoming
Mediation.  As to the Appeal, the Debtor is not in a position to
file a plan of reorganization because the Court has ruled that the
Properties are not property of the estate.  If, however, the BAP
reverses the Court, the Debtor will be in a better position to move
forward with its reorganization efforts.

Michael J. Kilroy, the managing member of the Debtor, declares that
a non-bidding mediation on all pending disputes is scheduled on
August 7, 2015.  The Mediation could have an impact on any plan of
reorganization that will be proposed by the Debtor, particularly if
Kilroy and Lloyds reach a global settlement.

The hearing date on the extension request is set for August 5, 2015
at 11:00 AM.

The Debtors are represented by:

          Tania M Moyron
          Cypress LLP
          11111 Santa Monica Blvd.,
          Suite 500
          Los Angeles, CA 90025
          Tel: 424-901-0145
          Fax : 424-750-5100
          Email: tania@cypressllp.com

                    About Domum Locis

Domum Locis LLC filed a Chapter 11 bankruptcy petition (Bankr.
C.D.
Cal. Case No. 14-23301) on July 11, 2014.  Michael J. Kilroy
signed
the petition as managing member.  The Debtor estimated assets and
liabilities of at least $10 million.  Cypress LLP serves as the
Debtor's counsel.  Judge Robert N. Kwan presides over the case.

The Debtor selected Cypress LLP as general bankruptcy counsel.

The Debtor reported $14.6 million in assets and $11.04 million in
liabilities.


DTS8 COFFEE: Reports $3.8 Million Net Loss for Fiscal 2015
----------------------------------------------------------
DTS8 Coffee Company, Ltd. filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$3.8 million on $369,000 of sales for the year ended April 30,
2015, compared to a net loss of $2.3 million on $310,000 of sales
for the year ended April 30, 2014.

As of April 30, 2015, the Company had $286,000 in total assets,
$1.10 million in total liabilities, all current, and a $781,000
total shareholders' deficit.

MaloneBailey, LLP, Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended April 30, 2015, citing that the Company has suffered
recurring losses from operations, which raises substantial doubt
about its ability to continue as a going concern.

A copy of the Form 10-K is available at http://goo.gl/2Yq8hH

                         About DTS8 Coffee

DTS8 Coffee Company, Ltd. (previously Berkeley Coffee & Tea, Inc.)
was incorporated in the State of Nevada on March 27, 2009.
Effective Jan. 22, 2013, the Company changed its name from
Berkeley Coffee & Tea, Inc., to DTS8 Coffee Company, Ltd.  On
April 30, 2012, the Company acquired 100 percent of the issued and
outstanding capital stock of DTS8 Holdings Co., Ltd., a
corporation organized and existing since June 2008 under the laws
of Hong Kong and which owns DTS8 Coffee (Shanghai) Co., Ltd.

DTS8 Holdings, through its subsidiary DTS8 Coffee, is a gourmet
coffee roasting company established in June 2008.  DTS8 Coffee's
office and roasting factory is located in Shanghai, China.  DTS8
Coffee is in the business of roasting, marketing and selling
gourmet roasted coffee to its customers in Shanghai, and other
parts of China.  It sells gourmet roasted coffee under the "DTS8
Coffee" label through distribution channels that reach consumers
at restaurants, multi-location coffee shops, and offices.


ECO BUILDING: Completes Acquisition of Former Affiliate
-------------------------------------------------------
Eco Building Products, Inc., announced that it has executed an
asset purchase agreement to acquire all of the operating assets of
its former Affiliate, Eco Prime, LLC, located in Augusta, GA.  With
this acquisition, Eco Building Products more than doubles its
current national coating capacity and positions its operations to
penetrate the growing Southeast multi-family and single-family new
home construction markets.  At the same time, the acquisition
locates a substantial Company capacity close to the important
southern yellow pine saw mill and structural panel industry.

"This acquisition is a critical next step in executing a strategy
to penetrate high demand markets while staying within a targeted
distance from the indigenous saw mill, engineered wood and panel
industries," said Tom Comery, president and CEO.  "We know our
plants need to be close to the forests and or the market, and with
this acquisition we now have operations in three key areas -the
Pacific Northwest, the Southeast and the Northeast."   Comery went
on to add that, "In just a few short weeks, we have moved to
rationalize our product line and channel strategy to drive focus in
execution.  The best news is that we already have a solid order
file at Augusta and are ramping up to produce our core suite of
products."

"Tom has only been on board for 5 weeks, but he and his team have
moved quickly to stabilize, focus and grow the business," said
Gerry Czarnecki, Chairman of the Board of Directors.  "The Board
has a high level of confidence that the Company is on the right
track and taking the appropriate steps to grow profitably."

On July 15, 2015, Eco Building entered into a Settlement and
Release Agreement with Eco Prime, LLC.  The Settlement Agreement
resolves any disputes arising from the Limited Asset Purchase
Agreement entered into between the parties on March 19, 2014.

Pursuant to the terms of the Settlement Agreement, the Company has
paid $100,000 to acquire certain assets from EcoPrime:

                       About Eco Building

Vista, Calif.-based Eco Building Products is a manufacturer of
proprietary wood products treated with an eco-friendly proprietary
chemistry that protects against mold, rot, decay, termites and
fire.

As of March 31, 2015, the Company had $1.47 million in total
assets, $58.3 million in total liabilities and a $56.9 million
total stockholders' deficit.

Eco Building reported a net loss of $28.94 million on $1.46 million
of total revenue for the year ended June 30, 2014, compared to a
net loss of $24.59 million on $5.22 million of total revenue for
the year ended June 30, 2013.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, 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 generated minimal operating
revenues, losses from operations, significant cash used in
operating activities and its viability is dependent upon its
ability to obtain future financing and successful operations.
These factors raise substantial doubt about the Company's ability
to continue as a going concern.


ECOSPHERE TECHNOLOGIES: SOGS Sells $1.3-Mil. GrowCube Equipment
---------------------------------------------------------------
Sea of Green Systems, Inc., a wholly-owned subsidiary of Ecosphere
Technologies, Inc., sold $1.3 million worth of Ecos GrowCube
equipment to Waveseer Properties, LLC, on July 17, 2015.  In
recognition of the contributions of Dennis McGuire, the Company's
chairman and chief executive officer, in inventing the Ecos
GrowCube technology and in helping SOGS close on the technology
sale, on July 23, 2015, the Company's Board of Directors awarded
Mr. McGuire a cash bonus, payable immediately, equal to 4% of the
proceeds of the sale, or $52,000.  Since December 2013, Mr. McGuire
had declined to receive any bonus compensation from the Company.

On July 20, 2015, SOGS received a 50% deposit from Waveseer to
begin the manufacturing process.

                  About Ecosphere Technologies

Stuart, Florida-based Ecosphere Technologies (OTC BB: ESPH) --
http://www.ecospheretech.com/-- is a water engineering,           
technology licensing and environmental services company that
designs, develops and manufactures wastewater treatment solutions
for industrial markets.  Ecosphere, through its majority-owned
subsidiary Ecosphere Energy Services, LLC, provides energy
exploration companies with an onsite, chemical free method to kill
bacteria and reduce scaling during fracturing and flowback
operations.

Ecosphere reported a net loss of $11.5 million on $1.11 million of
total revenues for the year ended Dec. 31, 2014, compared with net
income of $19.2 million on $6.71 million of total revenues for the
year ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $15.05 million in total
assets, $3.82 million in total liabilities, $3.8 million in total
redeemable convertible cumulative preferred stock, and $7.42
million in total equity.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company reported a
net loss of $11.5 million in 2014, and cash used in operating
activities of $4.55 million and $10.3 million in 2014 and 2013,
respectively.  At Dec. 31, 2014, the Company had a working capital
deficiency, and accumulated deficit of $2.86 million, and $109
million, respectively.  These matters raise substantial doubt about
the Company's ability to continue as a going concern.


EMPYREAN TOWERS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Empyrean Towers, LLC
          fka Prize Group, LLC
        PO Box 642447
        San Francisco, CA 94164

Case No.: 15-42341

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: July 30, 2015

Court: United States Bankruptcy Court
       Northern District of California (Oakland)

Judge: Roger L. Efremsky

Debtor's Counsel: Eric A. Nyberg, Esq.
                  KORNFIELD, NYBERG, BENDES AND KUHNER, P.C.
                  1970 Broadway #225
                  Oakland, CA 94612
                  Tel: (510)763-1000
                  Email: e.nyberg@kornfieldlaw.com

Total Assets: $6 million

Total Liabilities: $5.2 million

The petition was signed by Alice Tse, manager.

A list of the Debtor's 20 largest unsecured creditors is available
for free at:
        http://bankrupt.com/misc/canb15-42341.pdf


ENERGY FUTURE: Dec. 14 Asbestos Claim Submission Deadline Set
-------------------------------------------------------------
The United States Bankruptcy Court for the District of Delaware on
July 30 disclosed that Energy Future Holdings Corp., Ebasco
Services, Inc., EECI, Inc. and certain subsidiaries ("EFH") owned,
operated, maintained, or built certain power plants across the
United States and in other countries where asbestos was present.
Workers at these power plants (and family members and others who
came into contact with these workers) may have been exposed to
asbestos.

Anyone who has a claim today against EFH for asbestos-related
illness or who may develop an asbestos-related illness in the
future, must submit a claim by December 14, 2015 to be eligible for
compensation now or in the future.

Asbestos is a fiber which was used as insulation in walls, wires,
pipes, boilers, generators, steam traps, pumps, valves, electrical
boards, gaskets, packing material, turbines, compressors, cement
and cement pipes.  Workers responsible for building and maintaining
power plants and equipment also wore insulated clothing or gear
that may have contained asbestos.  Virtually all power plants built
before 1980 used or contained asbestos-containing products.

Asbestos-related illnesses can be very serious or fatal and include
diseases such as mesothelioma, lung cancer, laryngeal cancer,
esophageal cancer, pharyngeal cancer, stomach cancer and
asbestosis.  Even if an individual's exposure to asbestos was many
years ago and they are not sick today, this notice could affect
them.  Asbestos-related illness can occur decades and even 50 years
after the exposure to asbestos that caused the illness.

Workers or a family member could have been exposed at any of the
power plants related to EFH.  These power plants were located
across the United States and some in foreign countries.  For a list
of the included power plants, visit the website below or call
1-877-276-7311.

Individuals could have been exposed to asbestos if they or a family
member worked at any of the included power plants as an employee, a
contractor, or in any other role.  Individuals also could have been
exposed by coming in contact with another person who worked at a
power plant (for example, if asbestos was brought home on a spouse
or parent's clothing).  Claims may also be filed on behalf of a
deceased family member.

For anyone who may have been exposed to asbestos at an included
plant, the deadline to submit a claim is December 14, 2015 at 5:00
P.M. Eastern.  Claims can be filed online at
www.EFHAsbestosClaims.com

Paper claim forms can be downloaded from the website or requested
by calling 1-877-276-7311.  If an individual is not ill today,
completing a claim form takes about five minutes.

Those who do not submit a claim and later develop asbestos-related
disease will not be eligible for compensation from EFH.  Even
workers who have not been diagnosed with disease or have not
experienced symptoms must file a claim to preserve their right to
compensation if they develop an asbestos-related illness in the
future.

                      About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases jointly
administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion.  The Debtors have $42
billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor, and
Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring agreement
are represented by Akin Gump Strauss Hauer & Feld LLP, as legal
advisor, and Centerview Partners, as financial advisor.  The EFH
equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for the
second-lien noteholders owed about $1.6 billion, is represented by
Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A.
Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq.,
Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey,
Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ERF WIRELESS: Jauquine Trust Holds 38% of Series B Preferred Stock
------------------------------------------------------------------
Jauquine Trust disclosed in a Schedule 13G filed with the
Securities and Exchange Commission that as of July 27, 2015, it
beneficially owned 3,801,000 series B preferred stock of ERF
Wireless, Inc., which represents 38 percent of the shares
outstanding.  A copy of the regulatory filing is available at:

                      http://goo.gl/851E6y

                       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 of $4.81 million in 2012, and a
net loss of $3.37 million in 2011.

As of Sept. 30, 2014, the Company had $3.59 million in total
assets, $10.4 million in liabilities, and a $6.84 million
shareholders' deficit.


ESCO MARINE: Files Schedules of Assets and Liabilities
------------------------------------------------------
Esco Marine, Inc. filed with the U.S. Bankruptcy Court for the
Southern District of Texas its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $85,908,515
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $30,236,856
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $654,913
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                       $62,916,338
                                 -----------      -----------
        Total                    $85,908,515      $93,808,107

A copy of the schedules is available for free at:

         http://bankrupt.com/misc/ESCOMarine_191_SAL.pdf

                         About ESCO Marine

ESCO Marine, Inc., and four affiliates sought Chapter 11
Bankruptcy protection in Corpus Christi, Texas (Bankr. S.D. Tex.)
on March 7, 2015.

The cases are assigned to Judge Richard S. Schmidt.  The Court
approved the joint administration of the Debtors' Chapter 11 cases
under ESCO Marine, Inc., Case No. 15-20107.

ESCO Metals, LLC, ESCO Shredding, LLC, Texas Best Recycling, LLC,
and Texas Best Equipment LLC are affiliates of ESCO Marine.  ESCO
Marine is the operating parent company.

The Debtors have tapped Roderick Glen Ayers, Jr., Esq., at Langley
Banack Inc., in San Antonio, as counsel.  Th Debtors tapped AP
Services LLC to designate a chief restructuring officer, and Duff &
Phelps Canada Restructuring, Inc. as financial advisors.  

Secured creditor Callidus Capital Corporation is represented by
Nathaniel Peter Holzer, Esq., at Jordan, Hyden, Culbreth & Holzer,
P.C.


FERRO CORP: S&P Raises CCR and Debt Ratings to 'BB-'
----------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Mayfield Heights, Ohio-based chemical company Ferro Corp.
to 'BB-' from 'B+'.  The outlook is stable.

S&P also raised its issue-level rating on the company's senior
secured debt to 'BB-' from 'B+'.  The recovery rating remains '3',
indicating S&P's expectation of meaningful (50% to 70%; upper half
of the range) recovery in the event of a payment default.

While S&P's assessment of the company's business risk profile
remains "weak," it revised its assessment of the company's
financial risk profile to "significant" from "aggressive."

"The stable outlook reflects our belief that profitability will
gradually improve over the next one to two years as a result of
cost-saving initiatives and the integration of the company's
recently acquired, higher-margin-generating companies," said
Standard & Poor's credit analyst Brian Garcia.  "Our ratings assume
management will continue to pursue its growth initiatives, while
maintaining credit measures at levels in line with a 'significant'
financial risk profile," he added.

S&P could lower the ratings if the company is unable to
successfully integrate its recently acquired businesses, and
cost-savings initiatives do not result in the improving
profitability that S&P expects.  Based on S&P's downside scenario,
it would expect FFO to debt below 20% on average on a sustainable
basis (pro forma for acquisitions).  In addition, S&P could also
lower the ratings if, against its expectations, the company were to
undertake more aggressive financial policies such as a large
debt-funded acquisition or shareholder rewards.

S&P could raise the ratings if the company's integration of its
recent acquisitions, along with its ability to maintain lower costs
from its recent cost-saving initiatives, leads S&P to a
reassessment of the company's business risk profile.  S&P could
also raise the ratings if the company's profitability improves
beyond S&P's expectations, resulting in stronger-than-expected
credit measures.  In this scenario, S&P would expect weighted
average FFO to debt above 30% on a sustainable basis.



FIRST DATA: Reports Second Quarter 2015 Financial Results
---------------------------------------------------------
First Data Corporation reported a net loss attributable to the
Company of $26 million on $2.8 billion of total revenues for the
three months ended June 30, 2015, compared to a net loss
attributable to the Company of $34 million on $2.8 billion of total
revenues for the same period last year.

For the six months ended June 30, 2015, the Company reported a net
loss attributable to the Company of $138 million on $5.5 billion of
total revenues compared to a net loss attributable to the Company
of $235 million on $5.4 billion of total revenues for the same
period in 2014.

"We are pleased with our second quarter results which showed solid
constant currency revenue growth," said Chairman and CEO Frank
Bisignano.  "During the quarter we further strengthened our capital
structure, rolled out the Clover Mini integrated POS solution, and
acquired Transaction Wireless, a leading digital gift card
distribution platform.  We incurred $19 million in restructuring
costs during the quarter to fund part of our recently announced
strategic expense management initiative, and remain focused on
achieving our objective of $200 million in annualized savings by
mid-2016."

A copy of the press release is available at:

                      http://goo.gl/cfktbd

                        About First Data

Based in Atlanta, Georgia, First Data Corporation provides
commerce and payment solutions for financial institutions,
merchants, and other organizations worldwide.

First Data reported a net loss attributable to the Corporation of
$458 million on $11.2 billion of total revenues for the year ended
Dec. 31, 2014, compared with a net loss attributable to the
Corporation of $869 million on $10.8 billion of total revenues
during the prior year.

As of March 31, 2015, the Company had $34.13 billion in total
assets, $31.7 billion in total liabilities, $78 million in
redeemable noncontrolling interest, and $2.35 billion in total
equity.

                           *     *     *

The Company carries a 'B3' corporate family rating, with a
stable outlook, from Moody's Investors Service, a 'B' corporate
credit rating, with stable outlook, from Standard & Poor's, and
a 'B' long-term issuer default rating from Fitch Ratings.


FJK PROPERTIES: Court Vacates Order Dismissing Case
---------------------------------------------------
The Hon. Paul G. Hyman, Jr., of the U.S. Bankruptcy Court for the
Southern District of Florida granted FJK Properties Inc.'s request
to reconsider an order dismissing its Chapter 11 case due to its
failure to file certain required documents.

Judge Hyman said the order dismissing the Debtor's case is vacated
and ordered the Office of the United States Trustee to reset the
Section 341(a) meeting of creditors in this Chapter 11 proceeding.
In addition, the request for extension of time to file schedules
and other required documents is granted.  The Court required the
Debtor to submit its schedules and statement of financial Affairs
and other required documents by July 14, 2015.

As reported in the Troubled Company Reporter on July 24, 2015,
Robert C. Furr, Esq., at Furr and Cohen, P.A., in Boca Raton,
Florida, told the Court that the Debtor has acted in good faith and
that its failure to file schedules of assets and liabilities timely
is a result of the unusual circumstances surrounding Mr. Frederick
J. Keitel, III, Esq.'s admissibility to practice before the Court.

Mr. Keitel is an attorney licensed to practice in the State of
Florida.  Mr. Keitel believed that he was admitted to practice
before the United States District Court for the Southern District
of Florida and the United States Bankruptcy Court for the Southern
District of Florida.  Mr. Furr tells the Court that the Debtor's
Schedules were completed and submitted for filing, but were
rejected because Mr. Keitel could not in good faith sign the
documents stating that he was admitted to practice before the
Court.  He further tells the Court that the Debtor has complied
with all other requirements of the Bankruptcy Code, the Federal
Rules of Bankruptcy Procedure, and the Local Rules of the United
States Bankruptcy Court for the Southern District of Florida.  He
says that should the Court approve the Motion, the Debtor requests
an extension 15 days from the entry of an order approving the
Motion, to file its schedules.  Mr. Furr adds that in the
alternative, to the extent that the Court does not find that a
reconsideration of the Dismissal Order is warranted, the Debtor
requests that the Court shorten the 180-day prejudice period to the
time when an order granting the Motion is entered.

Creditors PJC Holdings, LLC, and PJC Funding, LLC, opposed the
Debtor's Motion to Reconsider, saying the Debtor attempts to
distance itself from the actions of its sole officer and owner by
arguing that its failure to file its schedules was the fault of its
"previous counsel," Mr. Keitel.  PJC tells the Court that the
Debtor neglects to inform that its sole officer and owner and its
attorney were one and the same person, and that Mr. Keitel is also
a party to some of the subject loan documents and a guarantor of
the loans.

                       About FJK Properties

FJK Properties Inc. filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Fla. Case No. 15-19494) on May 26, 2015.  The Debtor tapped
Robert C. Furr and the law firm Furr and Cohen, P.A., as its
counsel.  Hon. Paul G. Hyman, Jr., is assigned to the case.


GENERAL MOTORS: Bledsoe Plaintiffs' Post-Judgment Bids Denied
-------------------------------------------------------------
Judge Robert E. Gerber of the United States Bankruptcy Court for
the Southern District of New York denied the reargument and other
post-judgment motions filed by Gary Peller Esq., on behalf of the
"Bledsoe Plaintiffs" in connection with litigation arising from the
announcement by General Motors LLC of the defects in its ignition
switches and the issuance by the court of two opinions in
connection with the controversy.

Mr. Peller moved: (a) to amend the Findings under Fed. R. Bankr. P.
7052; (b) to alter or amend the Judgment, under Fed. R. Bankr. P.
9023 (and, presumably, Fed. R. Civ. P. 59(e)); (c) for relief from
the Judgment, under Fed. R. Bankr. P. 9024; and (d) for reargument,
under S.D.N.Y. Local Bankruptcy Rule 9023-1.

Judge Gerber canvassed the submission in its entirety and found
that no material points other than those the court has already
specifically addressed were raised and had any merit.

The case is In re MOTORS LIQUIDATION COMPANY, et al., f/k/a General
Motors Corp., et al., Chapter 11, Debtors, CASE NO. 09-50026 (REG)
(JOINTLY ADMINISTERED) (Bankr. S.D.N.Y.).

A full-text copy of Judge Gerber's July 22, 2015 decision and order
is available at http://is.gd/KXbZvNfrom Leagle.com.

Bledsoe Plaintiffs are represented by:

          Gary Peller, Esq.
          GARY PELLER
          600 New Jersey Avenue N.W.
          Washington, DC 20001
          Tel: (202) 662-9122
          Email: peller@law.georgetown.edu

General Motors LLC (New GM) is represented by:

          Arthur J. Steinberg, Esq.
          Scott I. Davidson, Esq.
          KING & SPALDING LLP
          1185 Avenue of the Americas
          New York, NY 10036
          Tel: (212) 556-2100
          Fax: (212) 556-2222
          Email: asteinberg@kslaw.com
                 sdavidson@kslaw.com

                       About Motors Liquidation

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

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

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

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

As of March 31, 2015, Motors Liquidation had $1.01 billion in total
assets, $69.23 million in total liabilities and $944.73 million in
net assets in liquidation.


GENIUS BRANDS: Issues Letter to Shareholders
--------------------------------------------
Genius Brands International, Inc. distributed a letter to its
shareholders on July 29, 2015, a copy of which is available at:

                       http://goo.gl/sKDUT0

                       About Genius Brands

Beverly Hills, Calif.-based Genius Brands International, Inc.,
creates and distributes music-based products which it believes are
entertaining, educational and beneficial to the well-being of
infants and young children under its brands, including Baby Genius
and Little Genius.

Genius Brands reported a net loss of $3.72 million in 2014, a net
loss of $7.21 million in 2013, a net loss of $2.06 million in
2012 and a net loss of $1.37 million in 2011.

As of March 31, 2015, the Company had $17.5 million in total
assets, $4.44 million in total liabilities and $13.09 million in
total equity.


GT ADVANCED: KERP, KEIP Disputes Remanded to Bankruptcy Court
-------------------------------------------------------------
Judge Landya McCafferty of the United States District Court for the
District of New Hampshire remanded to the bankruptcy court the
disputes relating to GT Advanced Technologies Inc., et al.'s key
employee retention plan and key employee incentive plan.

On February 5, 2015, the bankruptcy court issued an order denying a
motion for approval of a proposed key employee retention plan and a
proposed key employee incentive plan.  GTAT appealed, arguing that
the bankruptcy court erred by (1) applying the wrong legal standard
to its consideration of the KEIP; and (2) improperly substituting
its own business judgment for that of GTAT when assessing both the
KEIP and the KERP.

Judge McCafferty held that the bankruptcy court's failure to
properly analyze the structure of the compensation package in
GTAT's proposed KEIP, as well as the bankruptcy court's inadequate
consideration of the Dana factors in its review of the KERP and its
failure to specify its standard of review are errors of law that
require remand.

The appeals case is GT Advanced Technologies Inc., et al.,
Appellants, v. William K. Harrington, United States Trustee
Appellee, CIVIL NO. 15-CV-069-LM (D.N.H.).

A full-text copy of Judge McCafferty's July 21, 2015 order is
available at http://is.gd/70P755from Leagle.com.

GT Advanced Technologies Inc., GT Equipment Holdings, Inc., GT
Advanced Technologies Limited, Lindbergh Acquisition Corp., GTAT
Corporation, GT Sapphire Systems Group LLC, GT Sapphire Systems
Holding LLC, GT Advanced Cz LLC, GT Advanced Equipment Holding LLC
are represented by:

          Andrew V. Tenzer, Esq.
          James T. Grogan, Esq.
          Luc A. Despins, Esq.
          Robert E. Winter, Esq.
          PAUL HASTINGS LLP
          75 East 55th Street
          New York, NY 10022
          Tel: (212) 318-6000
          Fax: (212) 319-4090
          Email: andrewtenzer@paulhastings.com
                 jamesgrogan@paulhastings.com
                 lucdespins@paulhastings.com
                 robertwinter@paulhastings.com

             -- and –-

          Daniel W. Sklar, Esq.
          Holly J. Barcroft, Esq.
          Mark Tyler Knights, Esq.
          NIXON PEABODY LLP
          900 Elm Street
          Manchester, NH 03101-2031
          Tel: (603) 628-4000
          Fax: (603) 628-4040
          Email: dsklar@nixonpeabody.com
                 hbarcroft@nixonpeabody.com
                 mknights@nixonpeabody.com

The US Trustee for Region 1 is represented by:

          Geraldine L. Karonis, Esq.
          Eric Bradford, Esq.
          U.S. TRUSTEE
          1000 Elm Street, Suite 605
          Manchester, NH 03101
          Tel: (603) 666-7908
               (603) 666-7913

             -- and –-

          Sumi Sakata, Esq.
          OFFICE OF THE GENERAL COUNSEL

The Official Committee of Unsecured Creditors is represented by:

          Charles R. Powell, III, Esq.
          Steven E. Grill, Esq.
          DEVINE MILLIMET & BRANCH PA
          111 Amherst St.
          Manchester, NH 03101
          Tel: (603) 669-1000
          Fax: (603) 669-8547
          Email: cpowell@devinemillimet.com
                 sgrill@devinemillimet.com

             -- and –-

          James S. Carr, Esq.
          Jason R. Adams, Esq.
          KELLEY DRYE & WARREN LLP
          101 Park Avenue
          New York, NY 10178
          Tel: (212) 808-7800
          Fax: (212) 808-7897
          Email: jcarr@kelleydrye.com
                 jadams@kelleydrye.com

Certain Unaffiliated Holders of Convertible Senior Notes is
represented by:

          Abid Qureshi, Esq.
          Brad M. Kahn, Esq.
          Michael S. Stamer, Esq.
          Philip C. Dublin, Esq.
          AKIN GUMP STRAUSS HAUER & FELD LLP
          One Bryant Park, Bank of America Tower
          New York, NY 10036-6745
          Tel: (212) 872-1000
          Fax: (212) 872-1002
          Email: aqureshi@akingump.com
                 bkahn@akingump.com
                 mstamer@akingump.com
                 pdublin@akingump.com

             -- and –-

          Benjamin Marcus, Esq.
          Jeremy R. Fischer, Esq.
          DRUMMOND WOODSUM & MACMAHON
          84 Marginal Way, Suite 600
          Portland, ME 04101-2480
          Tel: (207) 772-1941
          Fax: (207) 772-3627
          Email: bmarcus@dwmlaw.com
                 jfischer@dwmlaw.com

                    About GT Advanced

Headquartered in Merrimack, New Hampshire, GT
Advanced Technologies Inc. -- http://www.gtat.com/ --produces
materials and equipment for the electronics industry.  On Nov.
4, 2013, GTAT announced a multiyear supply deal with Apple Inc. to
produce sapphire glass material for use in consumer electronics
products.

Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

GT is a publicly held corporation whose stock was traded on NASDAQ
under the ticker symbol GTAT."  GTAT was de-listed from
the NASDAQ stock exchange in October 2014.

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 eight 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 brought about by its issues with
Apple.

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

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

GTAT has reached a settlement with Apple.  The settlement gives
Apple an approved claim for $439 million secured by more
than 2,000 sapphire furnaces that GT Advanced owns and has four
years to sell, with proceeds going to Apple.  In addition, Apple
gets royalty-free, non-exclusive licenses for GTAT's technology.

The bankruptcy case is assigned to Judge Henry J. Boroff.


GT ADVANCED: Shareholders Ask for Appointment of Equity Committee
-----------------------------------------------------------------
The Ad Hoc Committee of Equity Interest Holders in the Chapter 11
case of GT Advanced Technologies Inc., et al., asks the U.S.
Bankruptcy Court for the District of New Hampshire to direct the
appointment of an official committee of equity security holders.

According to the Ad Hoc Committee, the Debtors have enjoyed the
protection of the Bankruptcy Code for over nine months but have
failed to make any material progress toward a reorganization or
plan of liquidation.  Jason A. Manekas, Esq., at Bernkopf Goodman
LLP, in Boston, Massachusetts, asserts that there is significant
evidence that the Debtors have undervalued certain material assets
by a substantial amount.  Using the reasonable assumptions in the
Equity Valuation, the Ad Hoc Committee estimates that the midpoint
of the fair market value of the GTAT Group assets is $1.548 billion
with liabilities in the amount of $1.003 billion, with an
approximate equity valuation of $545 million.

Mr. Manekas explains that based on the absence of any progress in
these cases and the proposed DIP financing, there is clearly no
party protecting the interests of existing equity holders.  The
equity holders should be represented in these cases, which are
currently being run solely for the benefit of the professionals and
the existing Noteholders, adds Mr. Menakas.

The Ad Hoc Committee is represented by:

          Jason A. Manekas, Esq.
          BERNKOPF GOODMAN LLP
          2 Seaport Lane, 9th Floor
          Boston, Massachusetts 02210
          Tel: (617) 790-3000
          Fax: (617) 790-3300
          Email: jmanekas@bg-llp.com

             -- and --

          David Barrack, Esq.
          POLSINELLI PC
          900 Third Avenue, 21st Floor
          New York, NY 10022
          Tel: (212) 684-0199
          Fax: (212) 684-0197
          Email: dbarrack@polsinelli.com

             -- and --

          Christopher A. Ward, Esq.
          POLSINELLI PC
          222 Delaware Avenue, Suite 1101
          Wilmington, Delaware 19801
          Tel: (302) 252-0920
          Fax: (302) 252-0921
          Email:cward@polsinelli.com

                     About GT Advanced

Headquartered in Merrimack, New Hampshire, GT Advanced
Technologies Inc. -- http://www.gtat.com/-- produces materials and

equipment for the electronics industry.  On Nov. 4, 2013, GTAT
announced a multiyear supply deal with Apple Inc. to produce
sapphire glass material for use in consumer electronics products.

Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

GT is a publicly held corporation whose stock was traded on NASDAQ
under the ticker symbol "GTAT."  GTAT was de-listed from the
NASDAQ stock exchange in October 2014.

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 eight 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 brought about by its issues with Apple.

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

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

GTAT has reached a settlement with Apple.  The settlement gives
Apple an approved claim for $439 million secured by more than
2,000 sapphire furnaces that GT Advanced owns and has four years
to
sell, with proceeds going to Apple.  In addition, Apple gets
royalty-free, non-exclusive licenses for GTAT's technology.

The bankruptcy case is assigned to Judge Henry J. Boroff.


GUAM WATERWORKS: Moody's Hikes Revenue Bonds Rating From 'Ba1'
--------------------------------------------------------------
Moody's Investors Service has upgraded the rating on the Guam
Waterworks Authority's Water and Wastewater System Revenue Bonds to
Baa2 from Ba1. The outlook has been revised to stable. The
authority currently has $376 million revenue bonds outstanding.

SUMMARY RATING RATIONALE

The rating upgrade reflects a trend of sustained strong financial
performance and coverage due to steady rate increases, replacement
of faulty meters, and cost savings from improved leak control;
progress in addressing outstanding regulatory issues; and a track
record of obtaining approval for and enacting needed rate
increases. The rating also reflects the territory's small and
concentrated economy, the vulnerability of system finances to
volatile energy costs, above average debt levels, and uncertainty
regarding the timing and cost of future regulatory requirements.

OUTLOOK

The outlook on the revenue bonds is stable, reflecting the
expectation that the authority will implement planned rate
increases and that financial performance and debt service coverage
will remain strong.

WHAT COULD MAKE THE RATING GO UP

* A continued trend of strong financial performance coupled with a
moderation of debt levels.

* Significant growth and diversification of the Guam economy.

WHAT COULD MAKE THE RATING GO DOWN

* Financial results that fall short of current projections.

* New regulatory requirements that increase system capital needs
and debt levels.

OBLIGOR PROFILE

The authority provides water and wastewater services to the
Territory of Guam.

LEGAL SECURITY

The revenue bonds are secured by net revenues of the authority's
water and wastewater enterprise.



GUIDED THERAPEUTICS: Distributor Signs New Deal to Sell LuViva
--------------------------------------------------------------
Guided Therapeutics, Inc., announced that its Turkish distributor,
ITEM Medical Technologies, has been awarded a new, four-year
contract to supply LuViva Advanced Cervical Scans and single-use,
disposable Screening Cervical Guides to the Turkish Ministry of
Health.  The contract will generate more than $10 million for
Guided Therapeutics.

The contract calls for 450 LuVivas and 450,000 single use Cervical
Guides to be supplied by Guided Therapeutics over three and a half
years beginning in the third quarter of 2015 and running through
2018.  The delivery schedule calls for 50 LuVivas and 50,000
disposables in the remainder of calendar year 2015 and 200 LuVivas
and 200,000 disposables in calendar year 2016 with the remaining
200 LuVivas and 200,000 Cervical Guides evenly distributed over the
last two years of the contract.

The MOH had previously indicated an order of 100 instruments and
100,000 Cervical Guides over the next 12 months, but has now
increased the order size to 150 instruments and 150,000 Cervical
Guides.  The new contract, which projects orders through the end of
2018, consolidates the previous MOH orders and provides the new
delivery schedule through ITEM and its partner.

"This contract is a validation of LuViva's promise to meet the
healthcare needs of women by providing the first point-of-care test
to cervical cancer screening," said Gene Cartwright, CEO of Guided
Therapeutics.  "We believe that there are additional opportunities
to further expand the use of LuViva in Turkey and with governmental
screening programs in Africa, Asia and Latin America."

                   About Guided Therapeutics

Guided Therapeutics, Inc. (OTC BB and OTC QB: GTHP)
-- http://www.guidedinc.com/-- is developing a rapid and painless
test for the early detection of disease that leads to cervical
cancer.  The technology is designed to provide an objective result
at the point of care, thereby improving the management of cervical
disease.  Unlike Pap and HPV tests, the device does not require a
painful tissue sample and results are known immediately.  GT has
also entered into a partnership with Konica Minolta Opto to
develop a non-invasive test for Barrett's Esophagus using the
LightTouch technology platform.

For the year ended Dec. 31, 2014, the Company reported a net loss
attributable to common stockholders of $10.03 million on $65,000 of
contract and grant revenue compared to a net loss attributable to
common stockholders of $10.39 million on $820,000 of contract and
grant revenue in 2013.

As of March 31, 2015, the Company had $2.56 million in total
assets, $7.57 million in total liabilities and $5.01 million total
stockholders' deficit.


HAMPTON HILL: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Hampton Hill Athletic Club, Inc.
           dba Tonic Day Spa
        5910 Garners Ferry Road
        Columbia, SC 29209

Case No.: 15-04033

Chapter 11 Petition Date: July 30, 2015

Court: United States Bankruptcy Court
       District of South Carolina (Columbia)

Judge: Hon. John E. Waites

Debtor's Counsel: Jane H. Downey, Esq.
                  MOORE TAYLOR LAW FIRM, P.A.  
                  1700 Sunset Blvd
                  PO Box 5709
                  West Columbia, SC 29171
                  Tel: 803-796-9160
                  Email: jane@mttlaw.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by, Anne W. Wright, owner and president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at:

         http://bankrupt.com/misc/scb15-04033.pdf


HEALTHSOUTH CORP: S&P Lowers Rating on Unsecured Debt to 'B+'
-------------------------------------------------------------
Standard & Poor's Ratings Services lowered its rating on
HealthSouth Corp.'s unsecured debt to 'B+' from 'BB-' and revised
the recovery rating on this debt to '5' from '4'.  The '5' recovery
rating indicates S&P's expectation of modest (10% to 30%, on the
higher end of the range) recovery in a default.

S&P also assigned a 'BB+' issue-level rating and '1' recovery
rating to the new $250 million delayed-draw term loan A and $250
million delayed-draw term loan A-2.

S&P's 'BB-' corporate credit rating on HealthSouth Corp. is
unchanged and its 'BB+' rating on the company's existing secured
debt is unchanged; the recovery rating on this debt remains '1'.

The 'B' rating on the convertible notes is unchanged; the recovery
rating on this debt remains '6'.

"The rating changes on the unsecured debt reflect modest
deterioration in recovery prospects for unsecured debtholders
primarily stemming from the material increase in capital leases
associated with the Reliant acquisition, which have a
higher-priority position ahead of the unsecured debt in a default
scenario," said Standard & Poor's credit analyst David Kaplan.

HealthSouth is predominantly an inpatient rehabilitation company.
Although the acquisition of EHHI Holdings Inc. (home health
services) introduces some level of diversification, S&P still
considers its business risk to be characterized by a high level of
concentration within a single line of business.  The company also
has a high degree of exposure to reimbursement risk from Medicare
(which represents about 74% of revenues), and exposure to
regulatory changes for inpatient rehabilitation services.  These
factors are partially offset by the company's scale (about $3.2
billion of estimated revenues for in 2016), leading market position
within the inpatient rehabilitation services industry, and strong
profitability (adjusted EBITDA margins of about 24%). As a result
of these factors, S&P has assessed the business risk profile as
"weak".

S&P's rating outlook on HealthSouth Corp. is negative.  This
reflects pro forma credit measures which S&P views as stretched for
the rating, and an acquisition appetite that S&P believes may drive
leverage higher.

S&P could consider a downgrade if debt leverage rises above 4.5x.
S&P could also consider a downgrade if the company's discretionary
cash flow contracts materially, as S&P might then view credit
quality as consistent with 'B+' rated peers (and eliminate the
positive rating modifier).  This could result from additional
debt-financed acquisitions, underperformance, or an adverse change
to reimbursement.  S&P also believes that this could occur if the
company becomes more aggressive in prioritizing shareholder
returns.  Based on S&P's current forecast, it estimates there is
only about $200 million in debt capacity at the current rating.

S&P could revise the outlook to stable if it gains confidence the
company's financial policies will support leverage at or below
current levels.  This could occur if the company demonstrates
restraint in pursuing acquisitions and shareholder returns to
prevent leverage from rising materially above S&P's current
expectations.  That could also occur if the company exercises its
conversion option on the subordinated debt or takes other steps to
materially reduce debt leverage.


HILTON WORLDWIDE: S&P Hikes Rating on $1.5BB Sr. Notes to 'BB'
--------------------------------------------------------------
Standard & Poor's Ratings Services raised its issue-level rating on
Hilton Worldwide Finance Corp.'s $1.5 billion senior unsecured
notes due 2021 two notches to 'BB' (the same as S&P's corporate
credit rating on parent Hilton Worldwide Holdings Inc.) from 'B+'.
S&P also revised the recovery rating on these notes to '4' from
'6'.  The '4' recovery rating reflects S&P's expectation for
average recovery (30% to 50%; lower end of the range) for lenders
in the event of a payment default.

The upgrade reflects Hilton's recent repayments of its senior
secured term loan in the second quarter and subsequent to the
quarter end with proceeds from the sale of the Hilton Sydney,
resulting in improved recovery prospects for the senior unsecured
notes because of a meaningful reduction in priority debt ahead of
the notes.  All other ratings on Hilton, including the 'BB'
corporate credit rating, are unchanged.

The rating outlook remains positive even though Hilton is currently
evaluating potential divestitures of its timeshare and hotel real
estate businesses, and the potential changes in the company's
capital structure in a divestiture scenario are unknown at this
time.  S&P believes the potential divestitures would not harm its
"strong" business risk assessment on Hilton primarily because the
timeshare and owned hotel businesses have more volatile cash flow
and capital intensive characteristics than Hilton's fee-based
businesses.  In addition, S&P expects good revenue per available
room growth and operating performance at Hilton through 2016, and
for Hilton to continue to reduce its leverage over time using free
cash flow for debt repayment until it reaches its desired net debt
to EBITDA range of 3x to 3.5x. Hilton's measure of its net debt to
EBITDA was 3.7x at June 30, 2015, which differs from our measure,
primarily due to S&P's addition of an operating-lease adjustment
and no netting of cash balances.  S&P's measure of total adjusted
debt to EBITDA was in the high-4x area and funds from operations
(FFO) to debt was 12% at June 2015, and S&P's base case forecast is
for these measures to improve to mid-to-high 4x area and the
low-to-mid-teens area, respectively, at the end of 2015 .  Once S&P
is confident Hilton can sustain its measure of total adjusted debt
to EBITDA below 5x and FFO to debt above 12% over the highly
volatile lodging cycle and incorporating any future potential
divestiture and resulting capital structure change, and a potential
future share repurchase program, S&P could raise the ratings.

RECOVERY ANALYSIS

Key analytical factors:

S&P's recovery analysis reflects the enterprise value of Hilton's
restricted group, with no anticipated residual value from the owned
hotel properties that secure the CMBS debt.  S&P's simulated
default scenario contemplates a payment default in 2020, reflecting
prolonged economic weakness and significantly reduced travel by
corporate and leisure customers.  S&P assumes a reorganization
following the default, using an emergence EBITDA multiple of 8x to
value the company.

Simulated default assumptions:
   -- Year of default: 2020
   -- EBITDA at emergence: $885 mil.
   -- EBITDA multiple: 8x
Simplified waterfall:
   -- Net enterprise value (after 7% admin. costs): $6.6 bil.
   -- Priority claims: $672 mil.
   -- Net enterprise value after priority claims: $5.9 bil.
      ----------------------------------------------------
   -- Secured debt: $5.3 bil.
      --Recovery expectation: 90% to 100% (high end of range)
   -- Senior unsecured debt and pari passu claims: $1.7 bil.
      --Recovery expectation: 30% to 50% (low end of range)
Note: All debt amounts include six months of prepetition interest.

RATINGS LIST

Hilton Worldwide Holdings Inc.
Corporate Credit Rating           BB/Positive/--

Upgraded; Recovery Rating Revised
                                   To               From
Hilton Worldwide Finance Corp.
Hilton Worldwide Finance LLC
$1.5 bil. notes due 2021
Senior Unsecured                  BB               B+
  Recovery Rating                  4L               6


HS 45 JOHN: Court Fixes Aug. 19, 2015 as General Claims Bar Date
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
established Aug. 19, 2015, as the deadline for any individual or
entity to file proofs of claim against HS 45 John LLC.

Proofs of claim may be filed by mailing or delivering the original
proof of claim by hand to:

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

                           About HS 45

HS 45 John LLC, a single asset real estate, filed a Chapter 11
bankruptcy petition (Bankr. S.D.N.Y. Case No. 15-10368) on
Feb. 20, 2015.  The Debtor estimated $50 million to $100 million in
assets and liabilities.

The case is assigned to Judge Sean H. Lane.  Kevin J. Nash, Esq.,
at Goldberg Weprin Finkel Goldstein LLP, represents the Debtor in
its restructuring effort.


HS 45 JOHN: Sam Sprei and Harry Miller Withdraw Case Dismissal Bid
------------------------------------------------------------------
Sam Sprei and Harry Miller, notified the U.S. Bankruptcy Court for
the Southern District of New York that they had withdrawn their
motion for entry of an order (i) dismissing Chapter 11 case of HS
45 John LLC, as a bad faith filing; (ii) abstaining from the case
pursuant to Section 305 of the Bankruptcy Code.

                       About HS 45 John LLC

HS 45 John LLC, a single asset real estate, filed a Chapter 11
bankruptcy petition (Bankr. S.D.N.Y. Case No. 15-10368) on
Feb. 20, 2015.  The Debtor estimated $50 million to $100 million in
assets and liabilities.

The case is assigned to Judge Sean H. Lane.  Kevin J. Nash, Esq.,
at Goldberg Weprin Finkel Goldstein LLP, represents the Debtor in
its restructuring effort.



IHEARTCOMMUNICATIONS INC: Incurs $54.4M Net Loss in Q2
------------------------------------------------------
iHeartCommunications, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to the Company of $54.4 million on $1.6 billion of
revenue for the three months ended June 30, 2015, compared to a net
loss attributable to the Company of $186.6 million on $1.6 billion
of revenue for the same period last year.

For the six months ended June 30, 2015, the Company reported a net
loss attributable to the Company of $439.4 million on $2.9 billion
of revenue compared to a net loss attributable to the Company of
$610.8 million on $2.9 billion of revenue for the same period in
2014.

As of June 30, 2015, the Company had $13.6 billion in total assets,
$23.8 billion in total liabilities and a $10.2 billion total
shareholders' deficit.

"We continue to differentiate ourselves in the marketplace with our
unmatched portfolio of products, media platforms, content and
personalities -- all built on the power of broadcast radio and out
of home -- which give us the most powerful marketing vehicles
available today," chairman and chief executive officer Bob Pittman
said.  "We are building on the power of sound and social, the power
of outdoor and the emerging power of digital to create even
stronger marketing solutions for our partners, while providing the
most live content and events to the industry's most engaged
audiences, wherever they are and on whatever device they want to
use.  We continue to find creative ways to use iHeartMedia's
cross-platform assets to redefine the future of consumer media and
entertainment."

"We're pleased with the revenue and OIBDAN growth we achieved this
quarter," said Rich Bressler, president, chief operating officer
and chief financial officer.  "We continue to invest in our
capabilities across both iHeartMedia and outdoor to realize the
full value of our multi-platform assets.  With no significant debt
maturities until 2018, we can continue focusing on growing the top
and bottom lines across our business segments."

iHeartMedia is the parent company of iHeartCommunications.

A copy of the Form 10-Q is available at http://goo.gl/ml3y1d

                      About iHeartCommunications

iHeartCommunications, Inc., (formerly known as Clear Channel
Communications, Inc.) is a global media and entertainment company.
The Company specializes in radio, digital, outdoor, mobile,
social, live events, on-demand entertainment and information
services for local communities, and uses its unparalleled national
reach to target both nationally and locally on behalf of its
advertising partners.  The Company is dedicated to using the
latest technology solutions to transform the company's products
and services for the benefit of its consumers, communities,
partners and advertisers, and its outdoor business reaches over 40
countries across five continents, connecting people to brands
using innovative new technology.

iHeartCommunications reported a net loss attributable to the
Company of $794 million in 2014, compared with a net loss
attributable to the Company of $607 million in 2013.

                         Bankruptcy Warning

"We and our subsidiaries may not generate cash flow from operations
in an amount sufficient to fund our liquidity needs.  We anticipate
cash interest requirements of approximately $1.6 billion during
2015.  At December 31, 2014, we had debt maturities totaling $3.6
million, $1,126.9 million (net of $57.1 million due to a subsidiary
of ours), and $8.2 million in 2015, 2016, and 2017, respectively.
We are currently exploring, and expect to continue to explore, a
variety of transactions to provide us with additional liquidity. We
cannot assure you that we will enter into or consummate any such
liquidity-generating transactions, or that such transactions will
provide sufficient cash to satisfy our liquidity needs, and we
cannot currently predict the impact that any such transaction, if
consummated, would have on us."

"The ability to refinance the debt will depend on the condition of
the capital markets and our financial condition at such time.  Any
refinancing of the debt could be at higher interest rates and
increase debt service obligations and may require us and our
subsidiaries to comply with more onerous covenants, which could
further restrict our business operations.  The terms of existing or
future debt instruments may restrict us from adopting some of these
alternatives.  These alternative measures may not be successful and
may not permit us or our subsidiaries to meet scheduled debt
service obligations.  If we or our subsidiaries cannot make
scheduled payments on indebtedness, we or our subsidiaries, as
applicable, will be in default under one or more of the debt
agreements and, as a result we could be forced into bankruptcy or
liquidation," the Company stated in its 2014 Annual  Report.

                           *     *     *

In May 2013, Moody's Investors Service said that Clear Channel's
upsize of the term loan D to $4 billion from $1.5 billion will not
impact the Caa1 facility rating assigned.  Clear Channel's
Corporate Family Rating is unchanged at Caa2.  The outlook remains
stable.

As reported by the TCR on May 21, 2013, Standard & Poor's Ratings
Services announced that its issue-level rating on San
Antonio, Texas-based Clear Channel's senior secured term loan
remains unchanged at 'CCC+' following the company's upsize of the
loan to $4 billion from $1.5 billion.  The rating on parent
company CC Media Holdings remains at 'CCC+' with a negative
outlook, which reflects the risks surrounding the long-term
viability of the company's capital structure.

As reported by the TCR on Feb. 4, 2015, Fitch Ratings has affirmed
the Issuer Default Rating (IDR) of iHeartCommunications, Inc.
(iHeart) at 'CCC'.


INTERGEN NV: S&P Affirms 'B+' CCR & Revises Outlook to Negative
---------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B+'
corporate credit rating on InterGen N.V. and revised the outlook to
negative from stable.  At the same time, S&P affirmed the 'B+'
rating on InterGen's senior secured debt.  The '3' recovery rating
indicates that S&P estimates that lenders could expect "meaningful"
(50% to 70%; lower half of the range) recovery if a payment default
occurs.

The outlook revision stems mainly from a significant decrease in
aggregate distributions over the past three years (net of one-time
adjustments) from its portfolio of power plants due largely to
surplus generation supply and depressed forward power prices in its
major markets, notably the U.K.  The decrease in distributions from
uncontracted assets reflects the fact that distributions from the
four Tier 1 assets have reduced about 35% between 2012 and 2015.
Accompanying weaker merchant power markets, InterGen's contracted
distributions also decreased following the expiration of the
Rocksavage plant's power purchase agreement (PPA) with Scottish and
Southern Energy PLC in the U.K.  Although S&P expected a decline,
the significant drop in merchant distributions from Tier I assets
departs from S&P's expectation and has weakened InterGen's credit
profile, in S&P's view.

"We also do not see an immediate path to stronger financial
measures, and instead see continued depressed market conditions
that could impair the company's ability to meet our current
base-case estimates," said Standard & Poor's credit analyst Aneesh
Prabhu.

However, perversely, because of the reduction in riskier merchant
distributions, InterGen's quality-of-cash-flow (QCF) score improves
modestly to '6' from '7'.  The QCF score reflects Standard & Poor's
opinion of the potential volatility of distributions (scores range
from '1' to '10', with '1' the most certain and '10' the most
volatile).  InterGen's QCF is still relatively weak compared with
some peers because its unleveraged assets have merchant exposure in
fairly weak markets, while its contracted assets have project-level
debt and face the possibility of trapping cash and halting
distributions to InterGen, and certain of them have done so in
recent years.

InterGen is an open-ended portfolio with ownership interests in 12
operating power plants (6,179 megawatts [MW]), three gas
compression stations, and 1 gas pipeline.  In addition, it has one
plant under construction (205 net MW).  The portfolio spans four
countries.  The debt collateral package includes Tier I and Tier II
assets. Tier I projects are four combined-cycle gas-turbine assets,
unencumbered by project-level debt; i.e., La Rosita in Mexico
(1,100 MW) and the U.K assets--Coryton (779 MW), Rocksavage (806
MW), and Spalding (860 MW).

The outlook on InterGen is negative, reflecting S&P's expectation
that contracted cash flows will likely be sufficient over the next
few years, but could weaken because of operating underperformance
or if crude oil prices decline (some contracts are indexed).  S&P
expects contracted and total POCF-to-debt service through 2016 to
be at least 1.35x and 1.6x, respectively, and expect POCF-to-debt
service to range from about 1.6x to 1.75x over the next few years.



ISTAR FINANCIAL: Adds New Director to Board
-------------------------------------------
The board of directors of iStar Financial Inc. elected Clifford De
Souza as a new director of the Company effective July 28, 2015.  

Mr. De Souza will serve on the Company's audit committee.  There
are no arrangements or understandings between Mr. De Souza and any
other person pursuant to which Mr. De Souza was selected to serve
as a director of the Company, nor is Mr. De Souza a participant in
any related party transaction required to be reported pursuant to
Item 404(a) of Regulation S-K.  Mr. De Souza's compensation as a
director will be consistent with that provided to all Company
non-employee directors.

Mr. De Souza was Head of International Business -- Mitsubishi UFJ
Holdings (Japan) from 2012 to 2014 where he was responsible for
securities and investment banking activity, primary and secondary,
outside of Japan.  In this capacity he also served as Chairman of
the Board of it US, Hong Kong and Singapore subsidiaries and on the
board of its London entity.  From 2008 to 2012 he also served as
CEO of the London subsidiary.  From 2005 to 2007, Mr. De Souza
served as the chief executive officer and chief investment officer
of EMG Investment Management where he managed and developed an
alternative asset management business.  From 2001 to 2004, Mr. De
Souza served as the head of the hedge fund group at Citigroup
Alternative Investment with direct responsibility of approximately
$4 billion in hedge fund assets, and management committee oversight
of over $40 billion in private equity, real estate, structured
product and hedge fund assets.  From 1995 to 2000, Mr. De Souza
served as global co-head of the UBS Emerging Markets Debt and
Currency Trading Franchise where he directed its global secondary
debt, derivative, local instrument and foreign exchange trading
functions. He also served various other firms in a variety of
capital market functions.  He holds a B.A. in Physics from the
University of Cambridge and a Ph.D. in Theoretical Physics from the
University of Maryland.  Mr. De Souza's qualifications for election
to the board include his experience as chairman and chief executive
officer at Mitsubishi, his involvement and experience leading and
developing the management of complex businesses and his in-depth
expertise as an investor and allocator of capital.

                       About iStar Financial

New York-based iStar Financial Inc. (NYSE: SFI) provides custom-
tailored investment capital to high-end private and corporate
owners of real estate, including senior and mezzanine real estate
debt, senior and mezzanine corporate capital, as well as corporate
net lease financing and equity.  The Company, which is taxed as a
real estate investment trust, provides innovative and value added
financing solutions to its customers.

iStar Financial reported a net loss allocable to common
shareholders of $33.72 million in 2014, a net loss allocable to
common shareholders of $155.76 million in 2013 and a net loss
allocable to common shareholders of $272.99 million in 2012.

As of March 31, 2015, the Company had $5.65 billion in total
assets, $4.41 billion in total liabilities, $13.2 million in
redeemable noncontrolling interests, and $1.21 billion in total
equity.

                            *     *     *

As reported by the TCR on June 26, 2014, Fitch Ratings had
affirmed the Issuer Default Rating (IDR) of iStar Financial
at 'B'.  The 'B' IDR is driven by improvements in the company's
leverage, continued demonstrated access to the capital markets and
new sources of growth capital and material reductions in non-
performing loans (NPLs).

As reported by the TCR on Oct. 5, 2012, Standard & Poor's Ratings
Services affirmed its 'B+' long-term issuer credit rating on iStar
Financial.

In October 2012, Moody's Investors Service upgraded the corporate
family rating to 'B2' from 'B3'.  The current rating reflects the
REIT's success in extending near term debt maturities and
improving fundamentals in commercial real estate.  The ratings on
the October 2012 senior secured credit facility takes into account
the asset coverage, the size and quality of the collateral pool,
and the term of facility.


ISTAR FINANCIAL: Extends Tender Offer Expiration Until Aug. 12
--------------------------------------------------------------
iStar Financial Inc. amended its tender offer statement on Schedule
TO filed with the Securities and Exchange Commission on June 12,
2015, as amended, relating to an offer by iStar Financial Inc. to
holders of shares of the Company's High Performance Common
Stock-Series 1, High Performance Common Stock-Series 2 and High
Performance Common Stock-Series 3 to exchange their HPU Shares for:
(i) the Stock Consideration, (ii) the Cash Consideration or (iii) a
combination of the Stock Consideration and the Cash Consideration.


The purpose of the Amendment No. 5 is to amend and supplement the
terms of the Offer by, among other things, (i) increasing the Cash
Consideration to $9.30 per Common Stock Equivalent attributable to
tendered HPU Shares, (ii) increasing the exchange ratio for
determining the Stock Consideration to 0.70 Shares per Common Stock
Equivalent attributable to tendered HPU Shares and (iii) extending
the expiration date of the Offer to 11:59 p.m., Eastern time, on
Aug. 12, 2015, unless otherwise extended, withdrawn, or terminated.
As of July 30, 2015, 4,650 HPU Shares have been tendered.

                        About iStar Financial

New York-based iStar Financial Inc. (NYSE: SFI) provides custom-
tailored investment capital to high-end private and corporate
owners of real estate, including senior and mezzanine real estate
debt, senior and mezzanine corporate capital, as well as corporate
net lease financing and equity.  The Company, which is taxed as a
real estate investment trust, provides innovative and value added
financing solutions to its customers.

iStar Financial reported a net loss allocable to common
shareholders of $33.72 million in 2014, a net loss allocable to
common shareholders of $155.76 million in 2013 and a net loss
allocable to common shareholders of $272.99 million in 2012.

As of March 31, 2015, the Company had $5.65 billion in total
assets, $4.41 billion in total liabilities, $13.2 million in
redeemable noncontrolling interests, and $1.21 billion in total
equity.

                            *     *     *

As reported by the TCR on June 26, 2014, Fitch Ratings had
affirmed the Issuer Default Rating (IDR) of iStar Financial
at 'B'.  The 'B' IDR is driven by improvements in the company's
leverage, continued demonstrated access to the capital markets and
new sources of growth capital and material reductions in non-
performing loans (NPLs).

As reported by the TCR on Oct. 5, 2012, Standard & Poor's Ratings
Services affirmed its 'B+' long-term issuer credit rating on iStar
Financial.

In October 2012, Moody's Investors Service upgraded the corporate
family rating to 'B2' from 'B3'.  The current rating reflects the
REIT's success in extending near term debt maturities and
improving fundamentals in commercial real estate.  The ratings on
the October 2012 senior secured credit facility takes into account
the asset coverage, the size and quality of the collateral pool,
and the term of facility.


ITUS CORP: Bruce Johnson Holds 5% Stake as of July 24
-----------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Bruce F. Johnson, a director of the Company, disclosed
that as of July 24, 2015, he beneficially owned 440,167 shares of
common stock of ITUS Corporation which represents 5.02 percent of
the shares outstanding.

On July 24, 2015, the Reporting Person purchased, in an open market
transaction with personal funds, 5,548 shares of Common Stock.  The
purchase of these shares, aggregated with the Reporting Person's
purchase of additional shares of Common Stock and the vesting of
certain previously granted options (which were granted for no
consideration) caused the Reporting Person's beneficial ownership
to increase above 5%.  During the period from June 2, 2015, through
July 24, 2015, the Reporting Person purchased 57,337 shares of
Common Stock in open market transactions using personal funds.

A copy of the regulatory filing is available at:

                   http://goo.gl/dgpGSZ

                  About ITUS Corporation

ITUS Corp. -- http://www.ITUScorp.com/-- develops and acquires
patented technologies for the purposes of patent monetization and
patent assertion.  The company currently has 10 patent portfolios
in the areas of Key Based Web Conferencing Encryption, Encrypted
Cellular Communications, E-Paper(R) Electrophoretic Display, Nano
Field Emission Display ("nFED"), Micro Electro Mechanical Systems
Display ("MEMS"), Loyalty Conversion Systems, J-Channel Window
Frame Construction, VPN Multicast Communications, Internet
Telephonic Gateway, and Enhanced Auction Technologies.

CopyTele changed its name to "ITUS Corporation" on Sept. 2, 2014,
to reflect the Company's change in its business operations.

ITUS Corporation reported a net loss of $9.60 million on $3.66
million of total revenue for the year ended Oct. 31, 2014, compared
to a net loss of $10.08 million on $389,000 of total revenue for
the year ended Oct. 31, 2013.  The Company also reported a net loss
of $4.25 million for the year ended Oct. 31, 2012, and a net loss
of $7.37 million for the year ended Oct. 31, 2011.

As of April 30, 2015, the Company had $11.1 million in total
assets, $4.14 million in total liabilities and $6.99 million in
total shareholders' equity.


ITUS CORP: Lewis Titterton Reports 7.5% Stake as of July 23
-----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Lewis H. Titterton Jr. disclosed that as of July 23,
2015, he beneficially owned 669,841 shares of common stock of ITUS
Corporation, which represents 7.53 percent of the shares
outstanding.  

On July 23, 2015, the Reporting Person purchased, in an open market
transaction with personal funds, 5,000 shares of Common Stock.  The
purchase of these shares, aggregated with the Reporting Person's
purchase of additional shares of Common Stock and the vesting of
certain previously granted options (which were granted for no
consideration) caused the Reporting Person's beneficial ownership
to increase from the Reporting Person's ownership as of the date of
filing of the original Schedule 13D.  During the period from June
1, 2015, through July 24, 2015, the Reporting Person purchased
35,279 shares of Common Stock in open market transactions using
personal funds.  

A copy of the regulatory filing is available for free at:

                       http://goo.gl/XPelgt

                     About ITUS Corporation

ITUS Corp. -- http://www.ITUScorp.com/-- develops and acquires
patented technologies for the purposes of patent monetization and
patent assertion.  The company currently has 10 patent portfolios
in the areas of Key Based Web Conferencing Encryption, Encrypted
Cellular Communications, E-Paper(R) Electrophoretic Display, Nano
Field Emission Display ("nFED"), Micro Electro Mechanical Systems
Display ("MEMS"), Loyalty Conversion Systems, J-Channel Window
Frame Construction, VPN Multicast Communications, Internet
Telephonic Gateway, and Enhanced Auction Technologies.

CopyTele changed its name to "ITUS Corporation" on Sept. 2, 2014,
to reflect the Company's change in its business operations.

ITUS Corporation reported a net loss of $9.60 million on $3.66
million of total revenue for the year ended Oct. 31, 2014, compared
to a net loss of $10.08 million on $389,000 of total revenue for
the year ended Oct. 31, 2013.  The Company also reported a net loss
of $4.25 million for the year ended Oct. 31, 2012, and a net loss
of $7.37 million for the year ended Oct. 31, 2011.

As of April 30, 2015, the Company had $11.1 million in total
assets, $4.14 million in total liabilities and $6.99 million in
total shareholders' equity.


JOE'S JEANS: Gets Add'l Default Notice from Garrison & CIT
----------------------------------------------------------
Joe's Jeans Inc. and its subsidiaries received an additional Notice
of Default and Reservation of Rights Letter from Garrison Loan
Agency Services LLC, as term loan agent, under the Forbearance
Agreement, dated as of June 26, 2015, and the Term Loan Credit
Agreement, entered into on Sept. 30, 2013.  The Garrison Letter
notifies the Company that a forbearance default has occurred under
the Garrison Forbearance Agreement as a result of the Company's
failure to comply with the sale/recapitalization process milestones
set forth in Section 5.02 and Schedule I of the Garrison
Forbearance Agreement, which required the Company to, among other
things, meet certain deadlines in the sale/recapitalization
process.  

The sales/recapitalization process refers to the sale of
substantially all of the assets or the obtaining of financing
sufficient to satisfy all obligations under the respective credit
agreements.  The milestones relate to certain deadlines to achieve
various steps in connection with consummating a proposed
sale/recapitalization transaction.

The Garrison Letter indicates that, as a result of the occurrence
of the Garrison Forbearance Default, the forbearance period for the
Term Loan Credit Agreement as set forth in the Garrison Forbearance
Agreement has been terminated; provided, however, that such
termination has no impact on the Company's amendments to the Term
Loan Credit Agreement contained in the Garrison Forbearance
Agreement.  Garrison further notified of the reservation of all of
its rights, privileges and remedies under the Garrison Forbearance
Agreement, the Term Loan Credit Agreement and other loan documents.
As of May 31, 2015, there was $59,123,000 outstanding under the
Term Loan Credit Agreement.  The Company has been paying interest
at the default rate under the Term Loan Credit Agreement effective
retroactively to Oct. 1, 2014.

On July 24, 2015, the Company received an additional Reservation of
Rights Letter from The CIT Group/Commercial Services, Inc., as
administrative agent and collateral agent, under the Forbearance
and Amendment No. 3 to Revolving Credit Agreement, dated June 26,
2015, and the Revolving Credit Agreement, dated as of Sept. 30,
2013.  The CIT Letter notifies the Company that a forbearance
default has occurred under the CIT Forbearance Agreement as a
result the Company's failure to comply with the
Sale/Recapitalization Process Milestones set forth in Section 5.02
and Schedule I of the CIT Forbearance Agreement, which required the
Company to, among other things, meet certain deadlines in the
sale/recapitalization process.

The CIT Letter indicates that, as a result of the occurrence of the
CIT Forbearance Default, the forbearance period for the Revolving
Credit Agreement as set forth in the CIT Forbearance Agreement has
been terminated; provided, however, that such termination has no
impact on the Company's amendments to the Revolving Credit
Agreement contained in the CIT Forbearance Agreement.  CIT further
notified of the reservation of all of its rights, privileges and
remedies under the CIT Forbearance Agreement, the Revolving Credit
Agreement and other loan documents.  As of May 31, 2015, there was
$20,820,000 outstanding and $11,500,000 of availability under the
Revolving Credit Agreement.  The Company has been paying interest
at the default rate under the Revolving Credit Agreement effective
retroactively to Oct. 1, 2014.

The Company is currently in discussions with Garrison and CIT
regarding a resolution to the defaults and events of default,
including amendments to the existing agreements and waivers of the
defaults and events of defaults or a refinancing of the debt. There
can be no assurance that the requested relief will be granted on
terms acceptable to the Company or at all.  So long as one or more
events of default are continuing under each of the Forbearance
Agreements, the Term Loan Credit Agreement and the Revolving Credit
Agreement, each of Garrison and CIT may, subject to compliance with
the terms and conditions of those agreements, as applicable,
exercise a number of remedies including acceleration of the debt
and the sale of collateral.  The exercise of certain remedies may
have a material adverse effect on the Company's liquidity,
financial condition and results of operations, and could cause the
Company to become bankrupt or insolvent.  As previously disclosed,
the Company has engaged Carl Marks Advisory Group to help the
Company's board of directors explore strategic and financing
alternatives to resolve the outstanding events of default with its
lenders.

                         About Joe's Jeans

Joe's Jeans Inc. -- http://www.joesjeans.com/-- designs, produces  

and sells apparel and apparel-related products to the retail and
premium markets under the Joe's(R) brand and related trademarks.
In its audit report on the consolidated financial statements for
the year ended Nov. 30, 2014, Moss Adams LLP expressed substantial
doubt about the Company's ability to continue as a going concern,
citing that the Company has a net working capital deficiency due
to debt covenant violations and has suffered recurring losses from
operations.

The Company reported a net loss of $27.7 million on $189 million
of net sales for the fiscal year ended Nov. 30, 2014, compared with
a net loss of $7.31 million on $140 million of net sales in 2013.

As of Feb. 28, 2015, Joe's Jeans had $185 million in total assets,
$165 million in total liabilities and $20 million in total
stockholders' equity.

The Troubled Company Reporter, on June 9, 2015, reported that Joe's
Jeans received a letter on May 29, 2015, from The Nasdaq Stock
Market indicating that the Company had received an additional 180
days, or until Nov. 23, 2015, to regain compliance with Nasdaq
Listing Rule 5550(a)(2) by maintaining a closing bid price per
share of its common stock at $1.00 per share or more for a minimum
of 10 consecutive trading days.


LACONTI CONCRETE: Aug. 13 Meeting Set to Form Creditors' Panel
--------------------------------------------------------------
William K. Harrington, United States Trustee for Region 2, will
hold an organizational meeting on April 13, 2015, at 10:00 a.m. in
the bankruptcy case of LaConti Concrete & Masonry, Inc.

The meeting will be held at:

         United States Trustee's Office
         One Newark Center, 1085 Raymond Blvd.
         21st Floor, Room 2106
          Newark, NJ 07102

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.
Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.



LEVEL 3: Reports Second Quarter 2015 Results
--------------------------------------------
"Level 3 continued to drive profitable growth, as evidenced by our
expanding margins," said Jeff Storey, president and CEO of Level 3.
"We executed on our integration plans, while maintaining our focus
on the customer experience.  Beyond integration, we are also making
investments to position the company for long-term growth by
advancing our product offerings, expanding our network footprint
and simplifying our operating environment."

Total revenue was $2.061 billion for the second quarter 2015,
compared to $2.030 billion on a pro forma basis, for the second
quarter 2014, assuming the tw telecom acquisition took place on
Jan. 1, 2014.

In the second quarter 2015, the company generated net income of
$150 million and basic earnings per share of $0.42, which excludes
a loss on the extinguishment and modification of debt, related to
refinancing transactions completed during the quarter.  That loss
was approximately $163 million or $0.46 per share.  Including this
loss, basic and diluted earnings per share were ($0.04).  For the
second quarter 2014, pro forma net income was $45 million and basic
and diluted earnings per share were $0.13.

CNS Revenue

CNS Revenue was $1.941 billion in the second quarter 2015,
increasing 5.4 percent year-over-year on a pro forma and constant
currency basis.

"We continue to see growth in CNS revenue from our enterprise
customers across all regions," said Sunit Patel, executive vice
president and CFO of Level 3.  "North America Wholesale CNS revenue
benefited from larger dispute settlements during the quarter."
Deferred Revenue

The Deferred Revenue balance was $1.172 billion at the end of the
second quarter 2015, compared to $1.195 billion at the end of the
first quarter 2015.

Network Access Costs

Network Access Costs were $696 million in the second quarter 2015,
compared to $724 million on a pro forma basis in the second quarter
2014.

Network Related Expenses

For the second quarter 2015, excluding non-cash compensation
expense, Network Related Expenses were $359 million.  This compared
to $357 million on a pro forma basis for the second quarter 2014.

Selling, General and Administrative Expenses (SG&A)

Excluding non-cash compensation expense and integration-related
expenses, SG&A expenses were $336 million in the second quarter
2015.  This compared to $344 million on a pro forma basis for the
second quarter 2014.

2015 Business Outlook

"We remain confident in our performance for the remainder of the
year and are reiterating the outlook we provided last quarter,"
Patel said.  "We continue to expect 2015 Adjusted EBITDA growth of
14 to 17 percent and Free Cash Flow of $600 to $650 million for the
full year 2015."

"Given the capital markets activity in the quarter, we are lowering
our interest expense outlook for the full year 2015, and now expect
GAAP interest expense of approximately $650 million and net cash
interest expense of approximately $640 million, compared to our
prior outlook of $660 million and $645 million, respectively."

As of June 30, 2015, the company had cash and cash equivalents of
approximately $549 million.

A copy of the press release is available at:

                    http://goo.gl/zwtWpX


                   About Level 3 Communications

Headquartered in Broomfield, Colorado, Level 3 Communications,
Inc., is a publicly traded international communications company
with one of the world's largest communications and Internet
backbones.

For the year ended Dec. 31, 2014, the Company reported net income
of $314 million on $6.77 billion of revenue compared to a net loss
of $109 million on $6.31 billion of revenue during the prior year.

As of March 31, 2015, the Company had $21.3 billion in total
assets, $14.58 billion in total liabilities and $6.71 billion in
total stockholders' equity.

                           *     *     *

In June 2014, Fitch Ratings upgraded the Issuer Default Rating
(IDR) assigned to Level 3 Communications, Inc. (LVLT) and its
wholly owned subsidiary Level 3 Financing, Inc. (Level 3
Financing) to 'B+' from 'B'.

"The upgrade of LVLT's ratings is supported by the continued
strengthening of the company's credit profile since the close of
the Global Crossing Limited (GLBC) acquisition, positive operating
momentum evidenced by expanding gross and EBITDA margins, and
ongoing revenue growth within the company's Core Network Services
(CNS) segment and its position to generate meaning FCF," Fitch
stated.

In June 2013, Standard & Poor's Ratings Services raised its
corporate credit rating on Level 3 to 'B' from 'B-'.  "The upgrade
reflects improved debt leverage, initially from the acquisition of
the lower-leveraged Global Crossing in October 2011, and
subsequently from realization of the bulk of what the company
expects to eventually be $300 million of annual operating
synergies," said Standard & Poor's credit analyst Richard
Siderman.

As reported by the TCR on Oct. 31, 2014, Moody's Investors Service
upgraded Level 3's corporate family rating (CFR) to 'B2' from
'B3'.

Level 3's B2 CFR is based on the company's ability to generate
relatively modest free cash flow of between $250 million and $300
million in 2016 and, inclusive of debt which is presumed to be
converted to equity in 2015, to de-lever by approximately 0.5x to
4.8x (Moody's adjusted) by the end of 2016.


LONESTAR GEOPHYSICAL: Amends Schedules of Assets and Liabilities
----------------------------------------------------------------
Lonestar Geophysical Surveys, LLC, filed with the U.S. Bankruptcy
Court for the Western District of Oklahoma amended schedules of
assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $21,643,793
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $7,186,640
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $36,572
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                       $5,088,556
                                 -----------      -----------
        Total                    $21,643,793     $12,311,768

The Debtor also filed amended petition, list of 20 largest
unsecured creditors, statement of financial affairs, list of equity
security holders, and corporate ownership statement and creditor
matrix.  A copy of the documents is available for free at:

http://bankrupt.com/misc/LONESTARGEOPHYSICAL_98_amendedSAL.pdf

                    About Lonestar Geophysical

Lonestar Geophysical Surveys, LLC, which acquires seismic data and
provides services and products to the oil and gas industry, sought
bankruptcy protection (Bankr. W.D. Okla. Case No. 15-11872) on
May 18, 2015.

Judge Hon. Sarah A. Hall presides over the case.  The Debtor tapped
Ross A. Plourde, Esq., at McAfee & Taft, as counsel.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due Sept. 15, 2015.  Governmental proofs
of claim are due Nov. 16, 2015.



MAGNETATION LLC: Amends Schedules of Assets and Liabilities
-----------------------------------------------------------
Magnetation LLC, filed with the U.S. Bankruptcy Court for the
District of Minnesota amended and restated schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $24,312,415
  B. Personal Property          $214,898,127
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $518,574,875
  E. Creditors Holding
     Unsecured Priority
     Claims                                        $2,911,275
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                        $5,486,621
                                 -----------      -----------
        Total                   $239,210,542     $526,972,771

The Debtor disclosed total assets of $239,210,542 and total
liabilities of $575,938,301 in a prior iteration of the schedules.

A copy of the amended schedules is available for free at:

   http://bankrupt.com/misc/MAGNETATIONLLC_214_sal_amended.pdf  

                     About Magnetation LLC

Magnetation LLC -- http://www.magnetation.com/-- is a joint    
venture between Magnetation, Inc. (50.1% owner) and AK Iron
Resources, LLC, an affiliate of AK Steel Corporation (49.9%
owner).  Magnetation LLC recovers high-quality iron ore concentrate
from previously abandoned iron ore waste stockpiles and tailings
basins.  Magnetation LLC owns iron ore concentrate plants located
in Keewatin, MN, Bovey, MN and Grand Rapids, MN, and an iron ore
pellet plant in Reynolds, IN.  

Magnetation LLC and four subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. D. Minn. Lead Case No. 15-50307) on May 5, 2015,
after reaching a deal with secured noteholders on a balance sheet
restructuring.  The cases are assigned to Chief Judge Gregory F
Kishel.

The Debtors have tapped Davis Polk & Wardwell LLP and Lapp, Libra,
Thomson, Stoebner & Pusch, Chtd., as attorneys; Blackstone Advisory
Partners LP as financial advisor; and Donlin, Recano & Company,
Inc., as the claims agent.  The Debtors also tapped FTI Consulting,
Inc., to designate Michael J. Talarico  as chief restructuring
officer.

Wilmington Trust, National Association, as administrative and
collateral agent, and a consortium of lenders agreed to provide
$135 million of superpriority senior secured debtor in possession
term loan.

The Debtor's exclusive period for filing a plan and disclosure
statement ends Sept. 2, 2015.

The U.S. Trustee for Region 12 appointed three creditors of
Magnetation LLC to serve on an official committee of unsecured
creditors.  The Creditors' Committee retains Cooley LLP as lead
counsel and Foley & Mansfield, PLLP, as local counsel.


MAGNETATION LLC: Court Approves McGladrey LLP as Accountant
-----------------------------------------------------------
The Hon. Gregory F. Kishel of the U.S. Bankruptcy Court for the
District of Minnesota authorized Magnetation LLC, et al., to employ
McGladrey LLP as accountant, nunc pro tunc to June 1, 2015.

Mary Beth Santori, a certified public accountant, and partner at
McGladrey, assured the Court that that the firm is a "disinterested
person" as that term is defined under Section
101(14) of the Bankruptcy Code.

                      About Magnetation LLC

Magnetation LLC -- http://www.magnetation.com/-- is a joint    
venture between Magnetation, Inc. (50.1% owner) and AK Iron
Resources, LLC, an affiliate of AK Steel Corporation (49.9%
owner).  Magnetation LLC recovers high-quality iron ore concentrate
from previously abandoned iron ore waste stockpiles and tailings
basins.  Magnetation LLC owns iron ore concentrate plants located
in Keewatin, MN, Bovey, MN and Grand Rapids, MN, and an iron ore
pellet plant in Reynolds, IN.  

Magnetation LLC and four subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. D. Minn. Lead Case No. 15-50307) on May 5, 2015,
after reaching a deal with secured noteholders on a balance sheet
restructuring.  The cases are assigned to Chief Judge Gregory F
Kishel.

In an amended schedules, the Debtor disclosed total assets of
$239,210,542 and total liabilities of $526,972,771.

The Debtors have tapped Davis Polk & Wardwell LLP and Lapp, Libra,
Thomson, Stoebner & Pusch, Chtd., as attorneys; Blackstone Advisory
Partners LP as financial advisor; and Donlin, Recano & Company,
Inc., as the claims agent.  The Debtors also tapped FTI Consulting,
Inc., to designate Michael J. Talarico  as chief restructuring
officer.

Wilmington Trust, National Association, as administrative and
collateral agent, and a consortium of lenders agreed to provide
$135 million of superpriority senior secured debtor in possession
term loan.

The Debtor's exclusive period for filing a plan and disclosure
statement ends Sept. 2, 2015.

The U.S. Trustee for Region 12 appointed three creditors of
Magnetation LLC to serve on an official committee of unsecured
creditors.  The Creditors' Committee retains Cooley LLP as lead
counsel and Foley & Mansfield, PLLP, as local counsel.



MICROVISION INC: Posts $2.8 Million Net Loss for 2nd Quarter
------------------------------------------------------------
MicroVision, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $2.8
million on $4 million of total revenues for the three months ended
June 30, 2015, compared to a net loss of $3.4 million on $611,000
of total revenues for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $6.7 million on $4.9 million of total revenues compared to
a net loss of $11.4 million on $1.8 million of total revenues for
the same period last year.

As of June 30, 2015, the Company had $20.2 million in total assets,
$13.6 million in total liabilities and $6.5 million in total
shareholders' equity.

A copy of the Form 10-Q is available at http://goo.gl/zTOhXS

                       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 $18.1 million on $3.48 million
of total revenue for the year ended Dec. 31, 2014, compared with a
net loss of $13.2 million on $5.85 million of total revenue for the
year ended Dec. 31, 2013.


MICROVISION INC: To Issue 750,000 Common Shares Under Plan
----------------------------------------------------------
MicroVision, Inc. filed a Form S-8 registration statement with the

Securities and Exchange Commission to register 750,000 shares of
common stock issuable under the Company's 2013 MicroVision, Inc.
Incentive Plan.  The proposed maximum offering price is $2.4
million.  A copy of the prospectus is available at
http://goo.gl/PzCAu0

                     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 $18.1 million on $3.48 million
of total revenue for the year ended Dec. 31, 2014, compared with a
net loss of $13.2 million on $5.85 million of total revenue for the
year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $20.2 million in total assets,
$13.6 million in total liabilities and $6.5 million in total
shareholders' equity.


MIDWAY GOLD: Claims Bar Date Set for September 21
-------------------------------------------------
The U.S. Bankruptcy Court for the District of Colorado set Sept.
21, 2015, as deadline for creditors of Midway Gold US Inc. et al.
to file proofs of claim against the Debtors.

All proofs of claim must be filed with the clerk of the Bankruptcy
Court by e-filing, or by mail, overnight, or hand delivery to Epiq
Bankruptcy Solutions LLC at:

a) if by first-class mail:

   Midway Gold US Inc., Claims Processing Center
   c/o Epiq Bankruptcy Solutions LLC
   P.O. Box 4420
   Beaverton, OR 97076-4420

   - or -

b) if by hand-delivery or overnight mail:

   Midway Gold US Inc., Claims Processing Center
   c/o Epiq Bankruptcy Solutions LLC
   10300 SW Allen Blvd.
   Beaverton, OR 97005

                         About Midway Gold

Midway Gold Corp., incorporated on May 14, 1996 under the laws of
the Province of British Columbia, Canada, is engaged in the
acquisition, exploration and development of mineral properties
located in the state of Nevada and Washington.

Midway Gold operates primarily through its wholly-owned subsidiary
located in the United States, Midway Gold US Inc.  The executive
offices are in Englewood, Colorado.  Midway US currently has one
gold producing property: the Pan gold mine located in White Pine
County, Nevada.  Midway also has gold properties which are
exploratory stage projects where gold mineralization has been
identified, such as the Tonopah project in Nye County, Nevada, the
Gold Rock project in White Pine County, Nevada, and the Golden
Eagle project in Ferry County, Washington.  Out of these projects,
a permitting process has been undertaken only for the Gold Rock
project.  Finally, Midway's Spring Valley property, another gold
property located in Pershing County, Nevada, is subject to a joint
venture with Barrick Gold Exploration Inc.

On June 22, 2015, Midway Gold US Inc. and 12 related entities,
including parent Midway Gold Corp. each filed a petition in the
U.S. Bankruptcy Court for the District of Colorado seeking relief
under Chapter 11 of the U.S. Bankruptcy Code.  The Debtors' cases
have been assigned to Judge Michael E. Romero.  The Debtors sought
to have their cases jointly administered for procedural purposes,
with all pleadings will be maintained on the case docket for Midway
Gold US Inc.; Case No. 15-16835.

The Debtors tapped Squire Patton Boggs (US) LLP as bankruptcy
counsel; Sender Wasserman Wadsworth, P.C., as special bankruptcy
and restructuring counsel; DLA Piper (Canada) LLP, as Canadian
bankruptcy counsel; Ernst & Young Inc., as information officer of
Canadian court; RBC Capital Markets, as investment banker; FTI
Consulting as financial advisor; and Epiq Solutions, as claims and
noticing agent.

Midway Gold disclosed $184 million in assets and $62.4 million in
liabilities as of March 31, 2015.


MIG LLC: Turns Over 13.8-Mil. in Cash Collateral to BoNY Mellon
---------------------------------------------------------------
The Hon. Kevin Gross of the U.S. Bankruptcy Court for the District
of Delaware granted Bank of New York Mellon's request to lift the
automatic stay imposed in the Chapter 11 cases of MIG LLC and its
affiliate, ITC Cellular, LLC, to allow the turnover of $13.8
million in cash collateral to BNYM.

As reported in the Troubled Company Reporter on July 22, 2015, MIG
issued Senior Secured Cash/PIK Notes Due 2016, with BNYM, as
Trustee, Collateral Agent, Registrar, Paying Agent and Note
Accounts Bank.  The principal amount of the Notes, as of June 30,
2014, was $252.4 million.  Pursuant to an Indenture and a Security
Agreement among the Debtors, Caucuscom Ventures, L.P., and BNYM,
the Notes are secured by, among other things, pledges of:

     (a) the equity interests in MIG, and

     (b) MIG's equity interests in ITC Cellular.

The Notes are also secured by ITC Cellular's rights to
distributions from International TellCell Cellular, LLC.

The Court entered the Agreed Collateral Cash Order on May 26, 2015,
and pursuant to the Agreed Cash Collateral Order, the Debtors have
stipulated to the validity and perfection of the liens on the
collateral securing the Notes and that BNYM and the holders of the
Notes are entitled to receive adequate protection for the agreed
use of their cash collateral subject to certain restrictions.  On
May 25, 2015, ITCL received approximately $13.8 million as an ITCL
Dividend.

The ITCL Dividend, according to Laura Davis Jones, Esq., at
Pachulski Stang Ziehl & Jones LLP, in Wilmington, Delaware,
constitutes the noteholders' cash collateral.  She tells the Court
that BNYM and the Debtors have agreed that the automatic stay
should be modified to permit the turnover of the $13.8 million of
the cash collateral to BNYM.  She notes that it is anticipated that
BNYM will distribute those funds to the holders of the Notes in
accordance with the terms of the Indenture.

                    About MIG, LLC

Formerly operating under the name "Metromedia International Group,
Inc.," MIG LLC -- http://www.migllc-group.com/-- owned and  
operated and sold dozens of companies in diverse industries,
including entertainment, photo finishing, garden equipment and
sporting goods, until the late 1990s.  In 1997 and 1998, MIG
consummated the sale of substantially all of its U.S.-based
entertainment assets and began focusing on expanding into emerging
communications and media businesses.  By 2005, all of MIG's
operating businesses were located in the Republic of Georgia and
operated through its subsidiaries.

MIG LLC and affiliate ITC Cellular, LLC, filed for Chapter 11
bankruptcy protection on June 30, 2014.  The cases are currently
jointly administered under Bankr. D. Del. Lead Case No. 14-11605.
As of the bankruptcy filing, MIG's sole valuable asset, beyond its
existing cash, is its indirect interest in Magticom Ltd.  The cases
are assigned to Judge Kevin Gross.  MIG LLC disclosed $15.9 million
in assets and $254 million in liabilities.

Headquartered in Tbilisi, Georgia, Magticom is the leading mobile
telephony operator in Georgia and is also the largest telephone
operator in Georgia.  Magticom serves 2.4 million subscribers with
a network that covers 97% of the populated regions in Georgia
Magticom is owned by International Telcell Cellular, LLC, which is
46% owned by MIG unit ITC Cellular, 51% owned by Dr. George
Jokhtaberidze, and 3% owned by Gemstone Management Ltd.

Formerly known as MIG, Inc., MIG was a debtor in a previous case
(Bankr. D. Del. Case NO. 09-12118). It obtained approval of its
reorganization plan in November 2010.

The Debtors have tapped Greenberg Traurig LLP as counsel, Fox
Rothschild Inc. as financial advisor; Cousins Chipman and Brown,
LLP, as conflicts counsel; and Prime Clerk LLC as claims and notice
agent and administrative advisor.  The Debtors have retained
Natalia Alexeeva as chief restructuring officer.

A three-member panel has been appointed in these cases to serve as
the official committee of unsecured creditors, consisting of Walter
M. Grant, Paul N. Kiel, and Lawrence P. Klamon.  McKenna Long and
Aldridge LLP as its bankruptcy counsel, Cole, Schotz, Meisel,
Forman & Leonard, P.A., as its Delaware counsel.


MILLER ENERGY: NYSE to Commence Stock Delisting Proceedings
-----------------------------------------------------------
Miller Energy Resources, Inc., disclosed that it has been notified
by the staff of the New York Stock Exchange that, after the close
of the markets on July 30, trading in its common stock would be
suspended and that proceedings to delist its stock would commence
as a result of the Company's failing to maintain an average market
capitalization of $15 million or more over the preceding thirty
trading days.  Trading in Miller Energy's 10.75% Series C
Cumulative Redeemable Preferred Stock and 10.5% Series D Fixed
Rate/Floating Rate Cumulative Redeemable Preferred Stock would also
be suspended and subject to delisting.

Miller Energy had noted the possibility of this action being taken
by the NYSE both in its fiscal 2015 earnings release and subsequent
earnings call on July 29, 2015.  The Company expects to avail
itself of its right to have this decision reviewed by the Board of
Directors of the NYSE and believes there are many factors which the
NYSE should consider before taking final action, including the
advanced status of the Miller Energy's capital repositioning
efforts and the progress made towards realizing the value of and
growth in the Company's assets.

The Company intended to have trading in its stock resume on the OTC
markets as early as July 31.  The ticker symbols under which its
securities will trade have yet to be determined.

Neither the actions undertaken by the staff of the NYSE nor the
transition to the OTC markets will affect Miller Energy's business
operations.

                        About Miller Energy

Miller Energy Resources, Inc. is an oil and natural gas production
and development company focused solely on Alaska.  The Company has
a substantial acreage, reserves and resource position in the State
as well, significant Company-owned midstream and rig infrastructure
to support production and 100% working interest in and operatorship
of substantially all of its assets.  The Company's assets are
concentrated in southcentral Alaska, including the Cook Inlet and
Kenai Peninsula, as well as in the Badami area of the North Slope.
Miller Energy manages its operations from Anchorage with additional
administrative offices in the lower 48.


MOSS FAMILY: Resolves Dismissal Bid, Agrees to October Sale
-----------------------------------------------------------
Moss Family Limited Partnership and Beachwalk, L.P.; secured
creditors The LaPorte Savings Bank, Fifth Third Bank, Horizon Bank;
and Beachwalk Property Owners Association agreed to resolve:

   a) The LaPorte Savings Bank's motion to dismiss;

   b) Fifth Third Bank's motion to dismiss;

   c) Horizon Bank's motion to dismiss; and

   d) the Beachwalk Property Owners Association's motion to
convert.

The parties agreed that:

   1. The Debtors will file a motion for sale pursuant to Section
363 of the Bankruptcy Code.  The 363 motion will provide for an
auction of substantially all of the Debtors' assets on Oct. 7,
2015, by Madison Hawk Partners, LLC;

   2. The secured creditors will have the right to credit bid on
their collateral at no cost;

   3. If an auction is not held on Oct. 7, the Debtors consent to
dismissal upon motion of any of the secured parties; and

   4. POA will withdraw its motion to convert.

                       About Moss Family

Moss Family Limited Partnership and Beachwalk, L.P., filed Chapter
11 petitions (Bankr. N.D. Ind. Case Nos. 12-32540 and 12-32541) on
July 17, 2012.  

Judge Harry C. Dees, Jr., presides over the case.  Daniel Freeland,
Esq., at Daniel L. Freeland & Associates, P.C., represents the
Debtors.  The Debtors tapped Beachwalk Realty LLC as their broker
to sell certain property named Lot 136B located at 102 Mary Lane in
Michigan City, Indiana.

Moss Family disclosed $6,609,576 in assets and $6,299,851 in
liabilities as of the Chapter 11 filing.

The Debtors' Amended Joint Chapter 11 Plan dated Dec. 3, 2013,
provides that unsecured claims will be fully paid and satisfied by
use of the proceeds from the sale of LaPorte Judgment Lien
Property.



MOTORS LIQUIDATION: WTC Executes 2nd Am. GUC Trust Agreement
------------------------------------------------------------
Wilmington Trust Company, solely in its capacity as trust
administrator and trustee of the GUC Trust, and FTI Consulting,
Inc., as trust monitor of the GUC Trust, executed the Second
Amended and Restated Motors Liquidation Company GUC Trust
Agreement, which amends and restates the GUC Trust Agreement in its
entirety.  The modifications of the GUC Trust Agreement that are
implemented through the Second Amendment and Restatement are
designed to permit the GUC Trust to distribute cash to its
beneficiaries in lieu of the New GM Securities that would otherwise
be distributed, all as contemplated by the Liquidation Order.

As previously disclosed on July 7, 2015, in a Current Report on
Form 8-K, on July 2, 2015, pursuant to an order of the Bankruptcy
Court for the Southern District of New York, Wilmington Trust
Company, solely in its capacity as trust administrator and trustee
of the Motors Liquidation Company GUC Trust received authority to
(a)(i) convert all of the GUC Trust's holdings of (A) a series of
warrants each entitling the holder to acquire one share of common
stock, par value $0.01 per share, of General Motors Company with an
exercise price of $10.00 per share, (B) a series of warrants each
entitling the holder to acquire one share of New GM Common Stock
with an exercise price of $18.33 per share, and (ii) liquidate all
or substantially all of its holdings of New GM Common Stock into
cash, and (b) make corresponding amendments to the Amended and
Restated Motors Liquidation Company GUC Trust Agreement dated as of
June 11, 2012.

                     About Motors Liquidation

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

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

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

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

As of March 31, 2015, Motors Liquidation had $1.01 billion in total
assets, $69.23 million in total liabilities and $944.73 million in
net assets in liquidation.


NAVISTAR INT'L: Closes $250M Wholesale Funding Transaction
----------------------------------------------------------
A subsidiary of Navistar Financial Corporation closed a $250
million, two-year, 144-A securitized dealer floor plan transaction
to support International Truck and IC Busdealer inventory funding.
The transaction will replace a $250 million deal from October 2013
that matures in September 2015, after which NFC will have
approximately $1 billion in total wholesale funding capacity.

"The new transaction ensures adequate liquidity to support the
company's wholesale portfolio," said Bill Mc Menamin, president,
NFC.  "We continue to access diversified and competitive funding
sources as the quality of our asset portfolio and the strength of
our dealer network has earned the ongoing confidence and support of
our investors."

Additional information is available for free at:

                       http://goo.gl/KH144I

                    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 $619 million for the year ended Oct. 31, 2014, compared
to a net loss attributable to the Company of $898 million for the
year ended Oct. 31, 2013.

                          *     *     *

In the Oct. 9, 2013, edition of the TCR, Moody's Investors Service
affirmed the ratings of Navistar International Corp., including the
'B3' corporate family rating.  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 Navistar
International 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
for Navistar International 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 engine strategy.


NEOMEDIA TECHNOLOGIES: Posts $1.4M Net Loss for Q2
--------------------------------------------------
NeoMedia Technologies, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.4 million on $783,000 of revenue for the three months ended
June 30, 2015, compared to net income of $3.5 million on $654,000
of revenue for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $2.7 million on $1.2 million of revenue compared to net
income of $3.6 million on $1.6 million of revenue for the same
period last year.

As of June 30, 2015, the Company had $1.1 million in total assets,
$42.1 million in total liabilities, all current, $4.3 million in
series C convertible preferred stock, $348,000 in series D
convertible preferred stock and a $45.6 million total shareholders'
deficit.

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

                    http://goo.gl/BkRsgT

                 About NeoMedia Technologies

Atlanta, Ga.-based NeoMedia Technologies provides mobile barcode
scanning solutions.  The Company's technology allows mobile
devices with cameras to read 1D and 2D barcodes and provide "one
click" access to mobile content.

NeoMedia reported a net loss of $2.46 million on $3.51 million of
revenues for the year ended Dec. 31, 2014, compared to net income
of $28.46 million on $4.29 million of revenues in 2013.

StarkSchenkein, LLP, in Denver, CO, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that the
Company has suffered recurring losses from operations, has
significant working capital and shareholder deficits and may have
ongoing requirements for additional capital investment.  These
factors, the auditors noted, raise substantial doubt about the
Company's ability to continue as a going concern.


NEW YORK LIGHT: Okayed to Honor Insurance Premium Financing Deals
-----------------------------------------------------------------
The Hon. Robert E. Littlefield, Jr., of the U.S. Bankruptcy Court
for the Northern District of New York, in a final order, authorized
New York Light Energy, LLC, et al., to:

   a) honor prepetition insurance premium financing agreements, and
pay any prepetition premiums or financing obligations that are due
and owing to IPFS and Ten Eyck; and

   b) enter into new premium financing agreements in the ordinary
course of business.

All objections to the motion were overruled and disallowed on the
merits.

                    About New York Light Energy

Founded in 2009 and based in Latham, New York, New York Light
Energy, LLC, designs and installs medium-scale solar arrays in New
York State and Massachusetts.  The Company has installed solar
arrays on more than 180 industrial, commercial, municipal, and
residential sites, with a total of over 15 megawatts of capacity
to
date.

NYLE and its affiliates commenced Chapter 11 bankruptcy cases
(Bankr. N.D.N.Y. Lead Case No. 15-11121) in Albany, New York, on
May 27, 2015.  

The Debtors tapped Bond, Schoeneck & King, PLLC, as counsel.
Judge Robert E. Littlefield Jr. is assigned to the cases.

The Bankruptcy Court set Nov. 23, 2015, as the last day for
creditors to file proofs of claim.


ORLEANS HOMEBUILDERS: S&P Raises CCR to 'B-' Then Withdraws Rating
------------------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on U.S.-based homebuilder Orleans Homebuilder Inc. to
'B-' from 'CCC+' after the company used proceeds from asset sales
to repay debt and bolster liquidity.  S&P subsequently withdrew all
of its ratings, at the company's request, following the repayment
of its senior term loan.


PARADIGM MILFORD: Case Summary & 4 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Paradigm Milford, LLC
        380 Lexington Avenue, Suite 2020
        New York, NY 10168

Case No.: 15-31296

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: July 30, 2015

Court: United States Bankruptcy Court
       District of Connecticut (New Haven)

Debtor's Counsel: Neil Crane, Esq.
                  LAW OFFICES OF NEIL CRANE, LLC  
                  2679 Whitney Avenue
                  Hamden, CT 06518
                  Tel: (203) 230-2233
                  Fax:  203 -230-8484
                  Email: neilcranecourt@neilcranelaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Kushner, member manager.

A list of the Debtor's four largest unsecured creditors is
available for free at:

                http://bankrupt.com/misc/ctb15-31296.pdf


PATRIOT COAL: UMWA Wants Hearing on Bid to Reject CBA Delayed
-------------------------------------------------------------
The United Mine Workers of America asked the U.S. Bankruptcy Court
for the Eastern District of Virginia to extend by 7 days the July
30 hearing on Patriot Coal Corporation, et al.'s request for
authorization to reject their collective bargaining agreements; and
(b) modify certain union-related benefits and (c) implement the
terms of their Section 1113 and Section 1114 proposal.

UMWA is the representative of the interests of more than (i) 2,500
active and aid off employees at the Debtors' mining complexes; and
(ii) 17,647 retirees and dependent.

UMWA is represented by Lowenstein Sandler LLP, and Kaplan Voekler
Cunningham & Frank, PLC.

On July 16, 2015, the Debtors filed the motion stating that bidder
Blackhawk Mining LLC has insisted upon the Debtors' having either
reaching an agreement with the UMWA with regard to certain
concessions or rejecting certain of the Debtors' CBAs as a
condition to closing the sale of substantially all of their
operating assets.

Unfortunately, the UMWA and the Debtors were not able to reach
agreement on several key items, notably including the elimination
of the obligation to participate in the UMWA 1974 Pension Plan.

The Debtors noted that if they do not reject their CBAs and modify
their retiree benefits, satisfying their DIP covenants and the
conditions to closure of the Blackhawk transaction, the Debtors
will run out of cash and will be forced to liquidate in a matter of
weeks.

                        About Patriot Coal

Patriot Coal Corporation is a producer and marketer of coal in the
United States.  Patriot and its subsidiaries control 1.4 billion
tons of proven and probable coal reserves -- including owned and
leased assets in the Central Appalachia basin (in West Virginia
and Ohio) and Southern Illinois basin (in Kentucky and Illinois)
and their operations consist of eight active mining complexes in
West Virginia.

Patriot Coal first sought Chapter 11 protection on July 9, 2012,
and, on Dec. 18, 2013, won approval of its bankruptcy-exit plan
from the U.S. Bankruptcy Court for the Eastern District of
Missouri.  The plan turned over most of the ownership of the
company to bondholders that include New York hedge fund Knighthead
Capital Management LLC.  The linchpins of the plan were a global
settlement among the Debtors, the United Mine Workers of America,
and two third parties -- Peabody Energy Corporation and Arch Coal,
Inc. -- and a commitment by a consortium of creditors, led by
Knighthead, to backstop two rights offerings that funded the plan.

Patriot Coal Corporation and its subsidiaries commenced new
Chapter 11 cases (Bankr. E.D. Va. Lead Case No. 15-32450) in
Richmond, Virginia, on May 12, 2015.  The cases are assigned to
Judge Keith L. Phillips.

The Debtors tapped Kirkland & Ellis LLP as counsel; Kutak Rock
L.L.P., as co-counsel; Centerview Partners LLC as investment
bankers; Alvarez & Marsal North America, LLC, as restructuring
advisors; and Prime Clerk LLC, as claims and administrative agent.

The U.S. trustee overseeing the Chapter 11 case of Patriot Coal
Corp. appointed seven creditors of the company to serve on the
official committee of unsecured creditors.

Patriot Coal estimated more than $1 billion in assets and debt.



PETROCHOICE HOLDINGS: Moody's Assigns 'B2' Corporate Family Rating
------------------------------------------------------------------
Moody's Investors Service initiated ratings on PetroChoice
Holdings, Inc. assigning a B2 corporate family rating following its
intended acquisition by Golden Gate Private Equity, Inc. from
Greenbrier Equity Group. Ratings were also assigned to its proposed
credit facilities; a B1 rating on its $40 million revolver due
2020, a B1 rating on its $235 million senior secured first lien
term loan due 2022, and a Caa1 on its $90 million senior secured
second lien term loan due 2023. PetroChoice's $40 million revolver
will be undrawn at close. Additional funding for the transaction
will consist of an equity contribution from Golden Gate. The rating
outlook is stable.

"PetroChoice achieves healthy retained cash flows by leveraging its
customer density and supplier relationships to improve margins in
its service oriented distribution business. We expect the company
to grow through acquisitions, which will utilize free cash flows
and could increase leverage," said Lori Harris, Moody's Assistant
Vice President and lead analyst for PetroChoice Holdings, Inc.

Rating actions:

Issuer: PetroChoice Holdings, Inc.

Corporate Family Rating, Assigned B2;

Probability of Default Rating, Assigned B2-PD;

$40 million First Lien Senior Secured Revolving Credit Facility due
2020, Assigned B1 (LGD3)

$235 million First Lien Senior Secured Term Loan due 2022, Assigned
B1 (LGD3)

$90 million Second Lien Senior Secured Term Loan due 2023, Assigned
Caa1 (LGD5)

Outlook, Stable.

The assigned ratings are first-time ratings and remain subject to
Moody's review of the final terms and conditions of the proposed
transaction expected to close in the third quarter of 2015.

RATINGS RATIONALE

The B2 CFR reflects PetroChoice's elevated leverage (PF LTM
Debt/EBITDA 6.3x for June 30, 2015), small size and scale (PF LTM
revenues of approximately $638 million for June 30, 2015), somewhat
narrow product and business scope, and geographic concentration
focused in the eastern half of the US. The rating also considers
the pro forma nature of the financials and limited track-record of
operating PetroChoice in its current form, given that late-2014
acquisitions of PetroLiance (PetroLiance Holdings, Inc. and
PetroLiance LLC) and Lubricorp have doubled the size of the
company. Additionally, there is elevated event risk associated with
the company due to the intent of the new private equity owners,
Golden Gate, to execute a roll-up strategy in the highly fragmented
lubricant distribution industry (PetroChoice has grown through
eight acquisitions since 2012). Depending on the size and pace of
potential transactions, PetroChoice's credit metrics could be
stressed and management would be increasingly pressured to quickly
integrate the deals. The covenant light capital structure permits
$52 million of incremental leverage not subject to a leverage test;
additional leverage is subject to a First Lien Net Leverage test of
4.5x. However, while Golden Gate has indicated a desire to grow
through acquisitions in the form of small tuck-ins or more sizable
transactions, they have also indicated plans to target a leverage
ratio between 4.0x-5.0x, and stated that they will not take a
dividend for the foreseeable future. Golden Gate will likely seek
to reduce leverage by keeping purchase price multiples low and
using synergies to get leverage back toward the target range.
Furthermore, Golden Gate holds the PetroChoice investment in an
evergreen fund, which has no holding term limit, suggesting a
longer ownership period.

Supporting the ratings are good and reliable distribution margins,
which drive strong retained cash flow generation, and strong
interest coverage at 2.8x PF LTM June 30, 2015, under the new
capital structure. Furthermore, consistent and predictable earnings
benefit working capital that has low seasonal volatility, while the
asset-light business requires modest capex of less than 1% of
revenues. As the largest lubricants supplier in the highly
fragmented $20 billion industry, with 3% market share, PetroChoice
enjoys a favorable relationship with its largest supplier,
ExxonMobil, and benefits from customer density in its territories.
The company also enjoys low customer concentration and high
retention, due to its service model and low-cost product relative
to the total value of protecting the customers' equipment or
vehicles. Further supporting the rating are good diversity in
end-market exposure in auto service markets, general industrial,
mining, construction, and commercial transportation services. Thus,
any downturn in its business would be in tandem with a downturn in
the industrial and consumer (dependent on commercial
trucking/shipping) sectors. Additionally, the company has limited
exposure to volatile raw material prices since lubricant pricing
has historically been less volatile than crude oil prices and it
has demonstrated the ability to pass through lubricant and base oil
price increases.

Supplier relationships are critical to its operations and
profitability. Due to PetroChoice's sizeable market share and
regional coverage, large lubricant producers (e.g., ExxonMobil,
Shell, Valvoline) see value in having a business relationship with
a regional distributor to sell larger volumes through a single
business arrangement, instead of many low volume transactions
through smaller distributors. The suppliers also utilize
PetroChoice to distribute on their behalf, through arrangements
called Indirect Account sales. While these Indirect Accounts are
primarily a delivery service and result in lower margin business
for PetroChoice, it is an important baseload of volumes, it
increases customer density in PetroChoice territories, and it
creates opportunities for upselling those customers into other
PetroChoice services. By contrast, its Direct Account customer
relationships realize higher margins through additional customer
services and imbedded functions, including: on-site tanks, remote
monitoring, and oil analysis, which have resulted in high customer
retention near 97%. Furthermore, given the highly fragmented nature
of the industry, PetroChoice has little business risk from the loss
of any single customer. Additionally, the relatively low cost of
lubricants is a value to customers when compared to its critical
function as protection against the high cost of machinery or engine
repair or down-time.

PetroChoice has good liquidity supported by its positive operating
cash flows following the completion of the proposed financing.
Liquidity is also supported by the company's proposed $40 million
revolver due in 2020, which will be undrawn at the close of the
transaction. The $40 million senior secured first lien credit
facilities revolver has a springing first lien net leverage ratio
financial covenant of 4.5x that is tested when borrowings exceed
30% ($12 million). The revolver is expected to be used to support
working capital and for general corporate purposes, as well as up
to $25 million in letters of credit. However, PetroChoice's modest
working capital needs, which are relatively stable throughout the
year, are anticipated to be funded by ample cash generation. While
PetroChoice is a distribution and service company, it does not
carry high inventory levels as a result of its customer and
supplier business arrangements. The business is also relatively
asset light and has low capital expenditures. Moody's expects the
company to contemplate tuck-in acquisitions as part of its growth
strategy, thus cash and revolver borrowings would be used to
support such transactions and could help fund larger acquisitions,
which would primarily be funded by an increase in the term loan
that may also require some additional debt.

The stable outlook anticipates that PetroChoice will continue to
generate good margins and positive free cash flow as well as
modestly reduce debt, realize stable organic growth, and fund small
tuck-in acquisitions. It also anticipates that the company will
seek larger acquisitions as a part of its growth strategy, and that
these transactions will be leverage neutral or deleveraging. There
is limited upside to the rating at this time due to the small size,
narrow business focus, and its initial elevated leverage. Moody's
could upgrade the rating should the company achieve and sustain
leverage below 4.5x, maintain good margins and cash generation, and
successfully integrate accretive acquisitions. Conversely, Moody's
could downgrade the rating if leverage was sustained above 6.5x, if
free cash flow is negative, and if the size and pace of
acquisitions elevates integration risk.

PetroChoice Holdings Inc. is the largest distributor of lubricants
and lubricant solutions in the United States. On July 7, 2015,
Golden Gate Private Equity, Inc., signed an agreement to acquire
the company from prior equity sponsor Greenbriar Equity Group.
PetroChoice executed two acquisitions in late 2014, Lubricorp LLC
in September 2014 and PetroLiance (PetroLiance Holdings, Inc. and
PetroLiance LLC) in November 2014, which roughly doubled its size.
The pro forma revenues were $638 million for the LTM ending June
30, 2015, including the PetroChoice legacy business as well as the
Lubricorp and PetroLiance acquisitions.



PETROCHOICE HOLDINGS: S&P Assigns 'B' Corp. Credit Rating
---------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Pennsylvania-based PetroChoice Holdings Inc.  The
outlook is stable.

At the same time, S&P assigned its 'B+' issue rating with a '2'
recovery rating, indicating expectations for substantial (70% to
90%, the low end of the range) recovery in the event of a payment
default, to the company's proposed $235 million first-lien term
loan and $40 million revolving credit facility.  In addition, S&P
assigned a 'CCC+' issue rating with a '6' recovery rating,
indicating expectations for negligible (0% to 10%) recovery, to the
company's proposed $90 million second-lien term loan.

S&P expects PetroChoice to have $325 million of debt outstanding at
the close of the transaction.

"The 'B' rating reflects the company's financial sponsor ownership
and highly leveraged balance sheet at the close of the transaction,
after which we don't expect cash flow ratios to improve
significantly, given our expectation for ongoing acquisitions,"
said Standard & Poor's credit analyst Chris Johnson.  The rating
also reflects the company's modest, albeit growing, market position
with meaningful supplier concentration in the very fragmented
lubricant distribution sector, which S&P believes will be exposed
to weak economic cycles.  Like substantially all of its largest
competitors, the company is regionally concentrated, though this
could improve over time through acquisitions.

S&P estimates debt to EBITDA will be just over 6.5x and funds from
operations (FFO) to debt will be near 10% pro forma for the
transaction.  S&P projects the company to grow sales and earnings
following the 2014 acquisitions of PetroLiance and Lubricorp and to
generate positive free cash flows.  This should allow the company
to modestly reduce debt to EBITDA to less than 6x and FFO to debt
near 12% over the next year, but S&P do not believe these ratios
will materially improve thereafter, based on S&P's expectations for
ongoing bolt-on to modest-sized acquisitions.

The stable outlook reflects S&P's expectations that the company
will successfully integrate its recent acquisitions, grow EBITDA,
generate positive free cash flow, and modestly improve credit
measures while making bolt-on acquisitions.  S&P expects the
company to improve debt to EBITDA to below 6x and improve FFO to
debt closer to 12% within a year.

S&P could lower the rating if the company's cash flow generation is
weaker than expected and covenants tighten or if credit measures
weaken materially, including debt to EBITDA approaching 8x and
EBITDA interest coverage dropping below 2x.  S&P believes that if
the company does not grow EBITDA as anticipated (possibly because
it does not capture its post-acquisition synergies), leverage would
remain above 6x, which could pressure financial covenants depending
on how aggressively they step down once the company finalizes its
credit agreements.  S&P also believes a large debt-financed
acquisition could lead to leverage near 8x and EBITDA interest
coverage of less than 2x.

A higher rating is not likely over the next year and would require
a demonstrated commitment from the company's financial sponsor
(Golden Gate Capital) that the company would operate with a
debt-to-EBTIDA ratio below 5x on a sustained basis.



PHARMACYTE BIOTECH: Posts $10.8 Million Net Loss for Fiscal 2015
----------------------------------------------------------------
Pharmacyte Biotech, Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$10.8 million on $0 of product sales for the year ended April 30,
2015, compared to a net loss of $27.2 million on $0 of product
sales for the year ended April 30, 2014.  The Company incurred a
net loss of $1.6 million for the year ended April 30, 2013.

As of April 30, 2015, the Company had $7.9 million in total assets,
$2 million in total liabilities and $5.9 million in total
stockholders' equity.

A copy of the Form 10-K is available at http://goo.gl/vLN80t

                About PharmaCyte Biotech, Inc.

PharmaCyte Biotech, Inc., formerly known as Nuvilex Inc, is
dedicated to bringing to market scientifically derived products
designed to improve the health, condition and well-being of those
who use them.  The Company is a clinical stage biotechnology
company focused on developing and preparing to commercialize
treatments for cancer and diabetes based upon a proprietary
cellulose-based live-cell encapsulation technology known as
Cell-in-a-Box.  The Company intends to use this unique and patented
technology as a platform upon which to build treatments for several
types of cancer, including advanced, inoperable pancreatic cancer,
and diabetes.


PORTER BANCORP: Reports Second Quarter 2015 Results
---------------------------------------------------
Porter Bancorp Inc. reported a net loss of $2.1 million on $9.1
million of interest income for the three months ended June 30,
2015, compared to a net loss of $6.2 million on $10.2 million of
interest income for the same period last year.

For the six months ended June 30, 2015, the Company reported a net
loss of $1.5 million on $18.4 million of interest income compared
to a net loss of $6.5 million on $20.1 million of interest income
for the period in 2014.

As of June 30, 2015, the Company had $979.3 million in total
assets, $949.3 million in total liabilities and $30 million in
total stockholders' equity.

A copy of the press release is available at:

                        http://goo.gl/QxOKQf

                        About Porter Bancorp

Porter Bancorp, Inc., is a bank holding company headquartered in
Louisville, Kentucky.  Through its wholly-owned subsidiary PBI
Bank, the Company operates 18 full-service banking offices in
12 counties in Kentucky.

Porter Bancorp reported a net loss of $11.2 million in 2014, a net
loss of $1.58 million in 2013 and a net loss of $32.93 million in
2012.  

Crowe Horwath, LLP, in  Louisville, Kentucky, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has incurred
substantial losses in 2014, 2013 and 2012, largely as a result of
asset impairments resulting from the re-evaluation of fair value
and ongoing operating expenses related to the high volume of other
real estate owned and non-performing loans.  In addition, the
Company's bank subsidiary is not in compliance with a regulatory
enforcement order issued by its primary federal regulator
requiring, among other things, increased minimum regulatory capital
ratios as well as being involved in various legal proceedings in
which the Company disputes material factual allegations against the
Company.  Additional losses, adverse outcomes from legal
proceedings or the continued inability to comply with the
regulatory enforcement order may result in additional adverse
regulatory action.  These events raise substantial doubt about the
Company's ability to continue as a going concern, the auditors
said.


RAMSONS LLC: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Ramsons, LLC  
        201 West Fry Blvd  
        Sierra Vista, AZ 85635

Case No.: 15-09580

Chapter 11 Petition Date: July 30, 2015

Court: United States Bankruptcy Court
       District of Arizona (Tucson)

Judge: Hon. Scott H. Gan

Debtor's Counsel: John R. Clemency, Esq.  
                  GALLAGHER & KENNEDY PA
                  2575 East Camelback Road      
                  Suite 1100  
                  Phoenix, AZ 85016
                  Tel: 602-530-8040
                  Email: john.clemency@gknet.com

                    - and -

                  Lindsi M. Weber, Esq.  
                  GALLAGHER & KENNEDY, PA
                  2575 E. Camelback Rd.  
                  Phoenix, AZ 85016
                  Tel: 602-530-8202
                  Fax: 602-530-8500
                  Email: lindsi.weber@gknet.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Dipesh Patel, member.

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


RELATIVITY FASHION: Case Summary & 50 Top Unsecured Creditors
-------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                          Case No.
     ------                                          --------
     Relativity Fashion, LLC                         15-11989
        dba M3 Relativity

     315 Park Avenue South, 2nd Floor
     New York, NY 10016

     Relativity Media, LLC                           15-11990
     Relativity Holdings LLC                         15-11991
     Relativity REAL, LLC                            15-11992
     RML Distribution Domestic, LLC                  15-11993
     RML Distribution International, LLC             15-11994
     RMLDD Financing, LLC                            15-11995
     21 & Over Productions, LLC                      15-11997
     3 Days to Kill Productions, LLC                 15-11999
     A Perfect Getaway P.R., LLC                     15-12000
     A Perfect Getaway, LLC                          15-12001
     Relativity Sky Land Asia Holdings, LLC          15-12002
     Armored Car Productions, LLC                    15-12003
     Best of Me Productions, LLC                     15-12004
     Relativity TV, LLC                              15-12005
     Black Or White Films, LLC                       15-12006
     Reveler Productions, LLC                        15-12007
     Blackbird Productions, LLC                      15-12008
     RML Acquisitions I, LLC                         15-12009
     Brant Point Productions, LLC                    15-12010
     Brick Mansions Acquisitions, LLC                15-12011
     RML Acquisitions II, LLC                        15-12012
     Brilliant Films, LLC                            15-12013
     RML Acquisitions III, LLC                       15-12014
     Brothers Productions, LLC                       15-12015
     Brothers Servicing, LLC                         15-12016
     RML Acquisitions IV, LLC                        15-12017
     Catfish Productions, LLC                        15-12018
     RML Acquisitions IX, LLC                        15-12019
     RML Acquisitions V, LLC                         15-12020
     Cine Productions, LLC                           15-12021
     RML Acquisitions VI, LLC                        15-12022
     CinePost, LLC                                   15-12023
     RML Acquisitions VII, LLC                       15-12024
     Cisco Beach Media, LLC                          15-12025
     RML Acquisitions VIII, LLC                      15-12026
     Cliff Road Media, LLC                           15-12027
     RML Acquisitions X, LLC                         15-12028
     Den of Thieves Films, LLC                       15-12029
     Don Jon Acquisitions, LLC                       15-12030
     RML Acquisitions XI, LLC                        15-12031
     DR Productions, LLC                             15-12032
     RML Acquisitions XII, LLC                       15-12033
     Einstein Rentals, LLC                           15-12034
     English Breakfast Media, LLC                    15-12035
     RML Acquisitions XIII, LLC                      15-12036
     Furnace Films, LLC                              15-12037
     RML Acquisitions XIV, LLC                       15-12038
     RML Acquisitions XV, LLC                        15-12039
     Gotti Acquisitions, LLC                         15-12040
     RML Bronze Films, LLC                           15-12041
     Great Point Productions, LLC                    15-12042
     RML Damascus Films, LLC                         15-12043
     Guido Contini Films, LLC                        15-12044
     RML Desert Films, LLC                           15-12045
     Hooper Farm Music, LLC                          15-12046
     RML Documentaries, LLC                          15-12047
     Hooper Farm Publishing, LLC                     15-12048
     Hummock Pond Properties, LLC                    15-12049
     Orange Street Media, LLC                        15-12050
     Hunter Killer La Productions, LLC               15-12051
     RML DR Films, LLC                               15-12052
     Hunter Killer Productions, LLC                  15-12053
     Out Of This World Productions, LLC              15-12054
     In The Hat Productions, LLC                     15-12055
     RML Echo Films, LLC                             15-12056
     Paranoia Acquisitions, LLC                      15-12057
     JGAG Acquisitions, LLC                          15-12058
     RML Escobar Films LLC                           15-12059
     Phantom Acquisitions, LLC                       15-12060
     Pocomo Productions, LLC                         15-12061
     RML Film Development, LLC                       15-12062
     Left Behind Acquisitions, LLC                   15-12063
     Relative Motion Music, LLC                      15-12064
     Long Pond Media, LLC                            15-12065
     Relative Velocity Music, LLC                    15-12066
     Madaket Publishing, LLC                         15-12067
     RML Films PR, LLC                               15-12068
     Relativity Development, LLC                     15-12069
     Madaket Road Music, LLC                         15-12070
     Relativity Film Finance II, LLC                 15-12071
     Relativity Films, LLC                           15-12072
     Madvine RM, LLC                                 15-12073
     RML Hector Films, LLC                           15-12074
     Relativity Film Finance III, LLC                15-12075
     Malavita Productions, LLC                       15-12076
     Relativity Foreign, LLC                         15-12077
     MB Productions, LLC                             15-12078
     RML Hillsong Films, LLC                         15-12079
     Merchant of Shanghai Productions, LLC           15-12080
     RML IFWT Films, LLC                             15-12081
     Miacomet Media LLC                              15-12082
     RML Somnia Films, LLC                           15-12083
     Miracle Shot Productions, LLC                   15-12084
     RML Timeless Productions, LLC                   15-12085
     Most Wonderful Time Productions, LLC            15-12086
     RML International Assets, LLC                   15-12087
     Movie Productions, LLC                          15-12088
     RML Turkeys Films, LLC                          15-12089
     One Life Acquisitions, LLC                      15-12090
     RML Very Good Girls Films, LLC                  15-12091
     RML WIB Films, LLC                              15-12092
     Rogue Digital, LLC                              15-12093
     RML Jackson, LLC                                15-12094
     Rogue Games, LLC                                15-12095
     Roguelife LLC                                   15-12096
     Santa Claus Productions, LLC                    15-12097
     RML Kidnap Films, LLC                           15-12098
     Safe Haven Productions, LLC                     15-12099
     Smith Point Productions, LLC                    15-12100
     Relativity India Holdings, LLC                  15-12101
     RML Lazarus Films, LLC                          15-12102
     Sanctum Films, LLC                              15-12103
     Snow White Productions, LLC                     15-12104
     Relativity Jackson, LLC                         15-12105
     Spy Next Door, LLC                              15-12106
     RML Nina Films, LLC                             15-12107
     Tribes of Palos Verdes Production, LLC          15-12108
     Story Development, LLC                          15-12109
     Relativity Media Distribution, LLC              15-12110
     Tuckernuck Music, LLC                           15-12111
     Straight Wharf Productions, LLC                 15-12112
     RML November Films, LLC                         15-12113
     Strangers II, LLC                               15-12114
     Tuckernuck Publishing, LLC                      15-12115
     Relativity Media Films, LLC                     15-12116
     Stretch Armstrong Productions, LLC              15-12117
     Wright Girls Films, LLC                         15-12118
     RML Oculus Films, LLC                           15-12119
     Studio Merchandise, LLC                         15-12120
     Zero Point Enterprises, LLC                     15-12121
     Summer Forever Productions, LLC                 15-12122
     RML Our Father Films, LLC                       15-12123
     The Crow Productions, LLC                       15-12124
     RML Romeo and Juliet Films, LLC                 15-12125
     Totally Interns, LLC                            15-12126
     Relativity Music Group, LLC                     15-12127
     Relativity Production LLC                       15-12128
     RML Scripture Films, LLC                        15-12129
     Relativity Rogue, LLC                           15-12130
     RML Solace Films, LLC                           15-12131
     Relativity Senator, LLC                         15-12132
     J & J Project, LLC                              15-12133
     Yuma, Inc.                                      15-12134
     Relativity Film Finance, LLC                    15-12136

Type of Business: Relativity is a privately-held entertainment
                  company with an integrated and diversified
                  global media platform that provides, among other
                  things, film and television financing,
                  production and distribution. Relativity was
                  founded in 2004 by Ryan Kavanaugh as a film
                  slate cofinancier partnering with major studios
                  such as Sony and Universal.

Chapter 11 Petition Date: July 30, 2015

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Judge: Hon. Michael E. Wiles

Debtors' Counsel: Craig A. Wolfe, Esq.
                  Malani J. Cademartori, Esq.
                  Blanka K. Wolfe, Esq.
                  SHEPPARD MULLIN RICHTER & HAMPTON LLP
                  30 Rockefeller Plaza
                  New York, NY 10112
                  Tel: (212) 653-8700
                  Fax: (212) 653-8701
                  Email: cwolfe@sheppardmullin.com
                         mcademartori@sheppardmullin.com
                         bwolfe@sheppardmullin.com

                       - and -

                  Richard L. Wynne, Esq.
                  Bennett L. Spiegel, Esq.
                  Lori Sinanyan, Esq.
                  JONES DAY
                  222 East 41st Street
                  New York, NY 10017
                  Tel: (212) 326-3939
                  Fax: (212) 755-7306
                  Email: rlwynne@jonesday.com
                         blspiegel@jonesday.com
                         lsinanyan@jonesday.com

Debtors'          Brian Kushner, Chief Restructuring Officer
Crisis and        FTI CONSULTING, INC.
Turnaround        2001 Ross Avenue, Suite 400
Manager:          Dallas, TX, 75201
                  Tel: (214) 397-1600
                  Fax: (214) 397-1790
                  E-mail: brian.kushner@fticonsulting.com

                       - and -

                  Luke Schaeffer, Deputy CRO
                  633 W. 5th Street, Suite 1600
                  Los Angeles, CA 90071-2027
                  Tel: (213) 452-6396
                  Fax: (213) 452-6099
                  E-mail: luke.schaeffer@fticonsulting.com

Debtors'          Timothy Coleman, Senior Managing Director
Investment        CJ Brown, Senior Managing Director
Banker:           Paul Sheaffer, Vice President
                  Joseph Goldschmid, Associate
                  BLACKSTONE ADVISORY PARTNERS L.P.
                  345 Park Avenue, 30th Floor
                  New York, NY 10154
                  Tel: (212) 583-5352
                  Fax: (212) 583-5707

Debtors'          DONLIN, RECANO & COMPANY, INC.
Noticing          Re: Relativity Fashion, LLC, et al.
and Claims        P.O. Box 899
Agent:            Madison Square Station
                  New York, NY 10010
                  Tel: (212) 771-1128

Consolidated Total Assets: $559.9 million as of Dec. 31, 2014

Consolidated Total Debts: $1.1 billion as of Dec. 31, 2014

The petition was signed by Brian Kushner, chief restructuring
officer.

Consolidated List of Debtor's 50 Largest Unsecured Creditors:

Entity                          Nature of Claim   Claim Amount
------                          ---------------   ------------
Carat USA                            Trade          $36,812,731
2700 Pennsylvania Ave,
2nd Floor
Santa Monica, CA 90404
Fax: 310-255-1021=09

Palisades Mediagroup                 Trade           $5,172,626
1620 26th Street, #200 S
Santa Monica, CA 90404
Fax: 310-828-7852

Cinram Group, Inc.                    Loan           $4,197,187
2255 Markham Road
Toronto, Ontario
Canada M1B2W2
Fax: 416-298-0612

Technicolor Digital Cinema            Trade          $3,437,150
3401 N. Centre Lake Dr., Suite 500
Ontario, CA 91761
Fax: 909-974-2005

Technicolor, Inc.                     Loan           $3,057,047
6040 West Sunset Boulevard
Hollywood, CA 90028
Fax: 909-974-2005

Cinedigm Digital Cinema Corp.         Trade          $1,949,896
902 Broadway, 9th Floor
New York, NY 10010
Fax: 212-598-4898

Left Behind                           Trade          $1,809,434
Investments,
L.L.C. o/b/o
Ollawood Prod., LLC
1 St. Paul Street, Suite 701
St. Catharines, Ontario
Canada L2R 7L4
Fax: 905-684-7946

American Express                     Business        $1,518,450
200 Vesey Street                    Credit Cards
New York, NY 10285-3106
Fax: 212-640-0404

Say Media, Inc.                        Trade         $1,487,350
180 Townsend St. 1st Floor
San Francisco, CA 94107
Fax: 415-979-1586

Kasima LLC                             Trade         $1,049,846
One International Blvd, #902
Mahwah, NJ 07495
Fax: 201-252-4215

Deluxe Advertising                     Trade           $861,750
Services, LLC
2400 West Empire Ave., Suite 200
Burbank, CA 91504
Fax: 818-260-2125

Allied Integrated Marketing            Trade           $766,142
55 Cambridge Parkway, Ste. 200
Cambridge, MA 02142
Fax: 617-247-8380

Clarius BIGS                           Trade           $648,942
9100 Wilshire Blvd., Suite 520E
Beverly Hills, CA 90212
Fax: 310-360-7033

Google, Inc.                           Trade           $647,874
1600 Amphitheatre Pkwy.
Mountain View, CA 94043
Fax: 650-963-3574

Buddha Jones                           Trade           $607,988
910 N. Sycamore Ave.
Los Angeles, CA 90038
Fax: 323-850-3321

Huddled Masses, LLC                    Trade           $579,398
79 Madison Ave., 2nd Floor
New York, NY 10016
Fax: 206-350-1704

Identical                              Trade           $550,000
Production
Company, LLC
6213 Charlotte Pike, Ste. 111
Nashville, TN 37209
Fax: 615-633-4773

Story Pictures, LLC                     Trade           $500,000
5738 Calpine Dr.
Malibu, CA 90265

K&L Gates LLP                        Legal Services     $489,249
925 Fourth Ave., #2900
Seattle, WA 98104
Fax: 206-623-7022

Workshop Creative LLC                   Trade           $478,805
9006 Melrose Ave.
West Hollywood, CA 90069
Fax: 818-566-8995

Major League Gaming                     Trade           $400,000
3 Park Ave., Floor 32
New York, NY 10016

MarketCast, LLC                         Trade           $386,000
1801 W. Olympic Blvd.
Pasadena, CA 91199
Fax: 323-617-9537

Technicolor                             Trade           $342,214
Entertainment
Services
3401 N. Centre Lake Dr., Suite 500
Ontario, CA 91761
Fax: 909-974-2005

Panay Films, Inc.                       Trade           $331,005
2029 Century Park East, Ste. 1500
Los Angeles, CA 90067
Fax: 310-785-9035

Ease Services, LP                       Trade           $325,959
8383 Wilshire Blvd., Suite 100
Beverly Hills, CA 90211
Fax: 310-469-7314

Screen Engine, LLC                      Trade           $306,155
10635 Santa Monica Blvd., Suite #125
Los Angeles, CA 90025
Fax: 310-361-8499

Nielsen NRG, Inc.                       Trade           $301,760
6255 Sunset Blvd., 19th Floor
Los Angeles, CA 90028
Fax: 201-590-6923

Create Advertising Group                Trade           $300,091
6022 Washington Blvd.
Culver City, CA 90232
Fax: 310-280-2991

Bad Beard Productions                   Trade           $299,907
1890 S Cochran Ave., #6
Los Angeles, CA 90019

Holthouse Carlin &                 Accountancy          $298,517
Van Trigt LLP                     & tax services
1801 W. Olympic Blvd.,
Pasadena, CA 91199
Fax: 626-243-5101

EuropaCorp Films                     Trade              $297,233
USA, Inc.
137 Rue du Faubourg
Saint-Honor=C3=A9 Paris 75008 France
Fax: +33-1-53-83-03-04

Christie Digital                     Trade              $274,930
Systems USA
10650 Camden Dr.
Cypress, CA 90630
Fax: 714-503-3375

Technicolor                          Trade              $261,415
Creative Services
USA Inc
3401 N Centre Lake Dr, Suite 500
Ontario, CA 91761
Fax: 909-974-2005

Katz Media Group                     Trade              $251,667
12022 Collection Center Dr.
Chicago, IL 60693
Fax: 212-424-6489

Fishbowl, LLC                        Trade              $240,575

IMG Models                           Trade              $240,000

Atlas Digital LLC                    Trade              $214,691

Debmar-Mercury, LLC                  Trade              $212,500

mOcean Pictures LLC                  Trade              $202,663

Alexander Wang, Inc.                 Trade              $200,000

National CineMedia, LLC              Trade              $199,303

Ignition Creative LLC                Trade              $196,914

Sony Electronics Inc.                Trade              $193,595

Eclipse Marketing Services           Trade              $180,646

Daniel Segal                        Litigation           Unknown

Patrick White                       Litigation           Unknown

Bruce Talamon                       Litigation           Unknown

Kenneth Heusey                      Litigation           Unknown

Jeff Most; Jeff                     Litigation           Unknown
Most Productions,
Inc.

Michael Matthew Jarman              Litigation           Unknown


RELATIVITY MEDIA: Files Voluntary Chapter 11 Bankruptcy Petition
----------------------------------------------------------------
Relativity Media LLC on July 30 disclosed that Relativity and
certain of its subsidiaries have filed voluntary petitions under
Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court
for the Southern District of New York in order to strengthen its
balance sheet and recapitalize the Company.  Relativity Sports,
Relativity EuropaCorp Distribution (the film marketing and
distribution joint venture between Relativity and EuropaCorp) and
Relativity Education were among those not included in the filing.

The Chapter 11 process will enable Relativity to continue to
operate while restructuring its finances, thereby preserving value
for its stakeholders.

Relativity also announced that in conjunction with the filing, it
is pursuing a sale process for the Company under Section 363 of the
Bankruptcy Code.  To this end, Relativity has entered into an
agreement with RM Bidder LLC, an entity formed and owned by certain
of the Company's prepetition lenders, which was set be filed with
the Court on July 30.  Under the agreement, RM Bidder LLC will
acquire substantially all of the assets of Relativity, subject to
Bankruptcy Court approval and certain other conditions including an
auction process.  RM Bidder LLC's bid will serve as a starting
point for a sale and auction process that will be conducted by
Blackstone Group LP and FTI Consulting LLC, led by Dr. Brian G.
Kushner the newly appointed Chief Restructuring Officer, and
supervised by the Court.  This process will be open to other
bidders in accordance with auction rules approved by the Court.
The auction process is expected to conclude with a sale closing in
early October 2015.

In conjunction with the filing, the Company has received a
commitment for $45 million in debtor-in-possession ("DIP")
financing provided by a group of the company's prepetition lenders.
Following Court approval, this DIP financing, combined with cash
generated by the Company's ongoing operations, will be available to
Relativity to fund the Chapter 11 process.

"Relativity continues to pursue its mission as a next-generation
global media company, and we remain firmly committed to our film
and television businesses.  The actions we are announcing
[Thurs]day will protect our valuable franchise and allow us to
emerge as a stronger, more focused company," said Ryan Kavanaugh,
CEO of Relativity.  "Our board and management team explored a
variety of options to refinance Relativity's debt, and we
ultimately determined that the protection afforded by a
court-supervised reorganization process will provide additional
time and structure to achieve our financial and strategic
objectives."

Recent Reorganization

As part of the reorganization, Relativity is restructuring some of
its businesses and 75 full-time positions have been eliminated.  In
addition, Relativity will wind down M3 Relativity, the Company's
fashion division.  None of these organizational changes affect the
non-filing entities Relativity Sports, Relativity EuropaCorp
Distribution or Relativity Education.  These decisions were made
after much thought and consideration to successfully reposition the
Company for the long term.

"Regrettably, as a result of the need to reduce costs, we have had
to make some difficult staffing decisions, which have included job
eliminations," Mr. Kavanaugh continued.  "We appreciate the
dedication of our employees, whose hard work is critical to our
success and the future of our company.  We intend to move through
the Chapter 11 process as quickly as possible."

Continued Business Operations

Relativity remains firmly committed to its film and television
businesses. As previously announced, the Company plans to release
Masterminds and Kidnap.  In its television business, Limitless,
which is based on the Relativity movie starring Bradley Cooper, is
slated to debut on CBS' primetime lineup this fall.  Relativity
continues to leverage its MTV ratings hit Catfish by developing a
number of international versions of the show, as well as a planned
sequel called Truce, which is currently in production.  Relativity
will continue to move forward with a robust production slate of
scripted and non-scripted shows during the Company's reorganization
process.  Ryan Kavanaugh continues to serve as CEO and Chairman of
the Board, and Relativity's senior core executive team remains in
place.

Relativity will continue its business operations as the Company
completes its restructuring.  The Company has filed a variety of
customary first day motions with the Bankruptcy Court to request,
among other things, the authority to continue to pay employee
wages, salaries and benefits.

Additional information related to Relativity's filing is available
on the Company's website at www.relativitymedia.com/reorganization
Court filings and information about the claims process are
available on a dedicated website administered by the Company's
claims agent, Donlin Recano & Company, at
www.donlinrecano.com/relativity

                       About Relativity

Relativity -- http://relativitymedia.com/-- is a next-generation
global media company engaged in multiple aspects of content
production and distribution, including movies, television, sports,
digital and music.  More than just a collection of
entertainment-related businesses, Relativity is a content engine
with the ability to leverage each of these business units,
independently and together, to create content across all mediums,
giving consumers what they want, when they want it.

Relativity Studios, the Company's largest division, has produced,
distributed or structured financing for more than 200 motion
pictures, generating more than $17 billion in worldwide box-office
revenue and earning 60 Oscar nominations.  Relativity's films
include Oculus, Safe Haven, Act of Valor, Immortals, Limitless, and
The Fighter.


RETROPHIN INC: Board Approves 2015 Annual Bonus
-----------------------------------------------
The Compensation Committee of the Board of Directors of Retrophin,
Inc. approved the adoption of the 2015 Retrophin, Inc.
Executive/Designated Officer Annual Bonus Plan for the Company's
named executive officers and other designated officers of the
Company.

Each participant in the Bonus Plan has been assigned a target bonus
percentage of such participant's current base salary for 2015.
Pursuant to the terms of the Bonus Plan, the target bonus
percentage is set at 60% of base salary for the Company's Chief
Executive Officer, 50% of base salary for the other executive
officers and 40% of base salary for Senior Vice Presidents or other
designated officers.  The Bonus Plan does not substantively change
the eligible bonus percentages approved by the Board in March 2015
and disclosed in the Company's definitive proxy statement dated
April 27, 2015.

The amounts payable under the Bonus Plan will be weighted for each
participant based on the determination by the Compensation
Committee of the achievement of corporate performance goals
(weighted 100% for the Company's Chief Executive Officer, 80% for
the other executive officers and 70% for Senior Vice Presidents or
other designated officers) and, for other than the Company's Chief
Executive Officer, individual performance (weighted 20% for
executive officers and 30% for Senior Vice Presidents or other
designated officers).  Depending on actual performance during 2015,
the Compensation Committee may, in its sole discretion, increase or
decrease each of the corporate and individual weightings under the
Bonus Plan within a range between 0% and 125%.  No payments will be
made pursuant to the Bonus Plan in the event that the Compensation
Committee determines that less than 50% of the corporate
performance goals are achieved.

The corporate performance goals under the Bonus Plan for 2015 are
identical to the goals disclosed in the Proxy Statement, and relate
to (i) total revenues and cash burn, (ii) completion of enrollment
in the Phase II sparsentan clinical trial, (iii) IND filing for
RE-024, (iv) filing for addition of CTX indication to the FDA
approved label for Chenodal, (v) at least one accretive business
development transaction, (vi) expansion of the investor base, and
(vii) internal operational objectives.

A copy of the 2015 Annual Bonus Plan is available at:

                        http://goo.gl/6SaM4c

                          About Retrophin

Retrophin, Inc., develops, acquires and commercializes therapies
for the treatment of serious, catastrophic or rare diseases.  The
Company offers Chenodal(R), a treatment for gallstones;
Vecamyl(R), a treatment for moderately severe to severe essential
hypertension and uncomplicated cases of malignant hypertension;
and Thiola, for the prevention of kidney stone formation in
patients with severe homozygous cystinuria.

Retrophin reported a net loss of $111 million in 2014 following a
net loss of $34.6 million in 2013.

As of March 31, 2015, the Company had $415.98 million in total
assets, $247 million in total liabilities and $169 million in total
stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2014.  The accounting firm noted that the Company has
suffered recurring losses from operations, used significant amounts
of cash in its operations, and expects continuing future losses.
In addition, at Dec. 31, 2014, the Company had deficiencies in
working capital and net assets of $70.2 million and $37.3 million,
respectively.  Finally, while the Company was in compliance with
its debt covenants at Dec. 31, 2014, it expects to not be in
compliance with these covenants in 2015.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


RIVER CITY: Has Until Oct. 26 to Remove Federal Court Actions
-------------------------------------------------------------
The Hon. Keith L. Phillips of the U.S. Bankruptcy Court for the
Eastern District of Virginia extended until Oct. 26, 2015, River
City Renaissance, LC, and River City Renaissance III, LC's time to
remove to federal court actions pursuant to 28 U.S.C. Section 1452
and Rule 9027 of the Federal Rules of Bankruptcy Procedure.

The Debtors had filed a third motion asking the Court to further
extend the time to remove federal court actions.  Neil E.
McCullagh, Esq., at Spotts Fain PC, in Richmond, Virginia, asserted
that cause exists to grant the motion as the Debtors have
completed the sale of their real property assets, which closed on
April 30, 2015, and are now focused on expeditiously liquidating
remaining assets to allow them to then wind up their remaining
affairs and pay their creditors to the extent possible.

                  About River City Renaissance

Richmond, Virginia-based, River City Renaissance, LC, and River
City Renaissance III, LC, sought Chapter 11 protection (Bankr. E.D.
Va. Case Nos. 14-34080 and 14-34081) in Richmond, Virginia, on July
30, 2014.  

The Debtors filed the chapter 11 cases in order to pursue an
orderly liquidation of their real property assets, which are
comprised of 29 residential apartment buildings in the City of
Richmond, in lieu of scheduled foreclosure sales.

The cases are assigned to Judge Keith L. Phillips.  The Debtors
tapped Spotts Fain PC, as counsel.

River City Renaissance LC disclosed $27.3 million in assets and
$29.2 million in liabilities as of the Chapter 11 filing.
Renaissance III estimated less than $10 million in assets and
debts.

The Court granted the Debtors until Oct. 26, 2015, to file Chapter
11 Plan.



ROADMARK CORP: Court Authorizes Sale of Additional Assets
---------------------------------------------------------
The Hon. David M. Warren of the Bankruptcy Court for the Eastern
District of North Carolina, in a supplemental order, authorized
Roadmark Corporation's public and private sales of equipment.

With the consent of the Debtor, PMC Financial Services Group, LLC,
DSCH Capital Partners, LLC, doing business as Far West Capital, and
the Bankruptcy Administrator, the Court ordered that the sale order
is modified and amended to authorize the sale of these additional
items, to be sold as part of the "Group 1" asset sale conducted by
Ritchie Brothers:

   i) 2004 Ford F350 Crew Cab Pickup;
  ii) 2004 Ford F350 Lariat Crew Cab Pickup;
iii) 2001 GMC 2500HD Crew Cab Pickup; and
  iv) 2001 Wirtgen W600DC Milling Machine.

On June 2, 2015, the Court entered an order granting the motion.
Exhibit A to the motion erroneously excluded certain assets which
should have been included and are intended to be a part of the sale
approved by the motion.

The June 2 order also provides that the Debtor was authorized to
sell certain surplus equipment or vehicles, in these manner:

  a. The Debtor may sell the items at absolute auction on June 30,
2015, without reserve or minimum prices.

  b. Ritchie Bros. will conduct the sale at their facility which is
located a short distance from the Debtor's place of business, and
will be compensated as set forth in the order authorizing the
employment of the auctioneer.

   c. The Debtor will clean and prepare the vehicles for sale, and
transport the vehicles to the Ritchie Bros. site.

The Debtor was authorized to sell certain surplus equipment or
vehicles in these manner:

   a. The Debtor may sell these items at private sale over a period
of 90 days after entry of the order.

   b. MRL Equipment Co. will list the items in Group 2 on the MRL
Website, make its customers aware of the used equipment being
offered by the Debtor, and assist the Debtor in marketing the items
to prospective purchasers.

   c. The sales will be negotiated by the Debtor, and MRL will not
charge any commission or fee in connection with these sales.

   d. The Debtor is authorized to sell each such item without
further order of the Court, at any price acceptable to the Debtor
and which is (1) at or above 85% of the FLV price shown on Exhibit
A to the motion, or (2) at a lesser price with the approval of PMC;
provided however, the Debtor may not sell any item of equipment to
an "insider" without notice and hearing and approval by the Court.

   e. The Debtor will file monthly reports as to all private sales
of such equipment no later than the 10th day of the following
month, providing for each sale the name and address of the
purchaser, a description of item sold, and the purchase price.

The Debtor was also authorized and directed to distribute all net
sale proceeds to PMC Financial Services Group, LLC.

                  About Roadmark Corporation

Roadmark Corporation is a regional full-service highway paving
striper operating primarily in North Carolina, South Carolina,
Virginia and Maryland.

Roadmark filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.C.Case No. 15-00432) in Raleigh, North Carolina, on Jan.
26, 2015. The case is assigned to Judge David M. Warren.

The Debtor disclosed $14.5 million in assets and $15.0 million
in liabilities in its schedules.

The Debtor tapped John Paul H. Cournoyer, Esq., and Vicki
L.Parrott, Esq., at Northen Blue, LLP, in Chapel Hill, North
Carolina, as counsel. The Debtor also tapped Nelson & Company as
accountants and The Finley Group, Inc., as financial
consultant.

The U.S. Trustee appointed eight creditors to serve on the
official committee of unsecured creditors.  The Committee tapped
the law firm of Ivey, McClellan, Gatton & Siegmund, L.L.P., as its
counsel.



ROADMARK CORP: DSCH Withdraws Bid to Prohibit Use of Property
-------------------------------------------------------------
DSCH Capital Partners, LLC, notified the U.S. Bankruptcy Court for
the Eastern District of North Carolina that it has withdrawn the
motion for order prohibiting use of non-estate property held in
trust.

As reported in the Troubled Company Reporter on March 9, 2015,
the Debtor opposed the emergency motion of DSCH Capital for an
order (a) prohibiting use of non-estate property held in trust; and
(b) granting relief from the automatic stay.

Far West, in its motion, requested that the Court prohibit the
Debtor to use non-estate property, and grant relief from the
automatic stay.  Specifically, Far West requested that the Court:

   1. suspend the interim order on cash collateral usage;

   2. prohibit the Debtor from using, spending, disposing of or
dissipating any funds that may constitute proceeds of the
prepetition accounts wrongfully collected for proceeds and to
immediately account for such proceeds and to identify any such
proceeds that remain; and

   3. confirm that the automatic stay does not prevent Far West
from enforcing its collection rights against account debtors who
paid the debtor over notice prior to the Petition Date, or
alternatively, granting Far West relief from stay.

As of the petition Date, Roadmark was indebted to Far West in the
amount of approximately $1.94 million pursuant to a certain loan
and security agreement dated July 7, 2014.

According to the Debtor, the motion must be denied, because:

   a. The relief requested by Far West requires an
adversary proceeding under Fed. R. Bankr. P. 7001;

   b. even if Far West could pursue the relief requested by
contested motion, the loan agreement is in substance a secured
transaction, and did not create a trust relationship; and

   c. Far West is adequately protected by, inter alia, a
significant equity cushion.

The Unsecured Creditor's Committee objected to the motion, stating
that the Collateral is not subject to a trust, and was not
purchased.  The Debtor is the sole owner of the collateral, and as
a result the collateral is property of the estate.

In the alternative, according to the Committee, should the Court
find that the equities would warrant the imposition of a
constructive trust, the Debtor-In-Possession's powers would defeat
a constructive trust beneficiaries claims, such that the estate
must have full control over the collateral free and clear of any
liens.

                  About Roadmark Corporation

Roadmark Corporation is a regional full-service highway paving
striper operating primarily in North Carolina, South Carolina,
Virginia and Maryland.

Roadmark filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.C.Case No. 15-00432) in Raleigh, North Carolina, on Jan.
26, 2015. The case is assigned to Judge David M. Warren.

The Debtor disclosed $14.5 million in assets and $15.0 million
in liabilities in its schedules.

The Debtor tapped John Paul H. Cournoyer, Esq., and Vicki
L.Parrott, Esq., at Northen Blue, LLP, in Chapel Hill, North
Carolina, as counsel. The Debtor also tapped Nelson & Company as
accountants and The Finley Group, Inc., as financial
consultant.

The U.S. Trustee appointed eight creditors to serve on the
official committee of unsecured creditors.  The Committee tapped
the law firm of Ivey, McClellan, Gatton & Siegmund, L.L.P., as its
counsel.



ROSEMART PROPERTY: Case Summary & 4 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Rosemart Property Inc.
        408 S. Rosemead Blvd
        Pasadena, CA 91107

Case No.: 15-21974

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: July 30, 2015

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Julia W. Brand

Debtor's Counsel: Vakhe Khodzhayan, Esq.
                  KG LAW  
                  1010 N Central Ave Ste 450
                  Glendale, CA 91202
                  Tel: 818-245-1340
                  Fax: 818-245-1341
                  Email: vahe@lawyer.com

Total Assets: $1.5 million

Total Liabilities: $1.5 million

The petition was signed by Marta Baldemian, president.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb15-21974.pdf


SABINE PASS: Posts $63.7 Million Net Income for Second Quarter
--------------------------------------------------------------
Sabine Pass LNG, L.P. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $63.7 million on $130.7 million of total revenues for the three
months ended June 30, 2015, compared to net income of $65.7 million
on $131 million of total revenues for the same period during the
prior year.

For the six months ended June 30, 2015, the Company posted net
income of $125.4 million on $261.5 million of total revenues
compared to net income of $129.9 million on $261.7 million of total
revenues for the same period in 2014.

As of June 30, 2015, Sabine Pass had $1.6 billion in total assets,
$2.2 billion in total liabilities and a $584.7 million partners'
deficit.

A copy of the Form 10-Q is available at http://goo.gl/17MoHO

                       About Sabine Pass

Sabine Pass LNG, L.P. owns, develops and operates an LNG receiving
and regasification terminal in western Cameron Parish, Louisiana.
Based in Houston, the Company's LNG terminal includes existing
infrastructure of five LNG storage tanks with 16.9 Bcfe capacity,
two docks that can hold vessels up to 265,000 cubic meters, and
vaporizers with capacity of 4.0 Bcf/d.


SALADWORKS LLC: Amends Schedules of Assets and Liabilities
----------------------------------------------------------
Saladworks, LLC, filed with the U.S. Bankruptcy Court for the
District of Delaware amended schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property            $2,303,631
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                   $72,101
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                       $14,126,592
                                 -----------      -----------
        Total                     $2,303,631      $14,198,693

The Debtor disclosed total assets of $2,303,632 and total
liabilities of $14,220,722 in a prior iteration of the schedules.

A copy of the amended schedules is available for free at:

   http://bankrupt.com/misc/SWLiquidation_amendedSAl_July17.pdf

                      About Saladworks, LLC

Developed in 1986, Saladworks, LLC, is the first and largest
fresh-salad franchise concept in the United States.  From its
beginning in the Cherry Hill Mall, Saladworks quickly expanded to
12 additional locations in area malls and soon thereafter began
franchising.  The company has franchise agreements with 162
different franchisees.  The equity owners are J Scar Holdings,
Inc., (70%) and JVSW LLC (30%).

Saladworks, LLC, sought Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 15-10327) on Feb. 17, 2015.  The case assigned to
Judge Laurie Selber Silverstein.

The Debtor has tapped Landis Rath & Cobb LLP as counsel; SSG
Advisors, LLC, as investment banker; EisnerAmper LLP, as financial
advisor; and Upshot Services LLC, as claims and noticing agent.

Saladworks, LLC, disclosed $2,303,632 in assets and $14,220,722 in
liabilities as of the Chapter 11 filing.

SSG Capital Advisors, LLC, acted as the investment banker in the
sale of substantially all of its assets to an affiliate of Centre
Lane Partners, LLC.


SAMUEL WYLY: Bankruptcy Court OKs Publication of Book Project
-------------------------------------------------------------
Texas entrepreneur Sam Wyly recently received approval from the
U.S. Bankruptcy Court for the Northern District of Texas to publish
his book project, The Immigrant Spirit: How Newcomers Enrich
America, through non-profit fundraising in order to educate and
inform people about an important part of America's history and
future.

"All of us descend from those who came here seeking a better life,"
Mr. Wyly said.  "My new book, The Immigrant Spirit, is about the
many benefits today's newcomers contribute to our great country."

WylyBooks Company, a Texas non-profit corporation, is seeking
support for its educational project with a gift to The Immigrant
Spirit with the help of our fiscal sponsor, Fractured Atlas, a
non-profit arts service organization.  Contributions will help
WylyBooks fund various expenses, including a small, creative staff,
advertising, printing, mailing, photo costs, marketing, and e-book
technology.

"I'm asking for your help with The Immigrant Spirit to educate and
inform people about an important part of America's history and
future," Mr. Wyly said.  "I'm a lifelong history and economics
student and come from a long line of teachers.  This book
highlights how immigrants grow local economies, create jobs, and
start new businesses at much higher rates than native-born
Americans. In fact, 40% of the Fortune 500 were founded or
co-founded by immigrants or their children."

During a time when immigration is a nationwide topic, The Immigrant
Spirit is an educational book that draws attention to the powerful
stories of immigrants.

"Why are public attitudes toward newcomers often fearful?"
Mr. Wyly said.  "For instance, immigrants are more law abiding, and
go to jail a lot less.  Wouldn't we all be better served by
celebrating our ethnic and intellectual diversity, empowering
newcomers to become prosperous, contributing citizens? Please
consider a gift to this educational project."

                      About Fractured Atlas

Fractured Atlas, a 501(c)(3) non-profit, is the country's largest
arts service organization, reaching a network of more than 250,000
artists in all 50 states and all 435 congressional districts.
Dedicated to empowering artists with the support they need to work
effectively and thrive, Fractured Atlas provides funding,
insurance, technology, education, and other services critical to
building sustainable careers and organizations.

                         About Sam Wyly

Sam Wyly is a lifelong entrepreneur and author.  His first book,
1,000 Dollars & An Idea, is a biography that tells his story of
creating and building companies, including University Computing,
Michaels Arts & Crafts, Sterling Software, and Bonanza Steakhouse.
His second book, Texas Got It Right!, co-authored with his son,
Andrew, was gifted to roughly 450,000 students and teachers,
thought leaders, and readers, and continues to be a best-seller in
its Amazon category.

Samuel Wyly filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Tex. Case No. 14-35043) on Oct. 19, 2014, weeks after a judge
ordered him to pay several hundred million dollars in a civil
fraud case.  In September 2014, 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.


SNOWFLAKE COMMUNITY: Seeks Suspension of Ch. 11 Case Following Sale
-------------------------------------------------------------------
Snowflake Community Foundation asks the United States Bankruptcy
Court for the District of Arizona to suspend its Chapter 11 case
for 60 days if the Court approves the sale of their 100% ownership
of The Apache Railway Co.

In its motion, the Debtor explained that it has no material assets
other than the stock to pay for the fees and expenses of counsel.
The Debtor seeks a straightforward vehicle for full payment of the
Lenders' claims.  The actions necessary to obtain USDA approval
have been undertaken by the District at its expense.  No Lender
funds have been used in connection with the Application or to
satisfy any expense of administration in the case.  By avoiding
discovery and litigation expense, the Foundation will be spared the
obligation to reimburse Lenders for what small portion of the
expense is reasonable, and to avoid having to pay for lawyers to
defend against Lenders' effort to liquidate the Railroad as
expenses of administration.

Snowflake Community Foundation is represented by:

          Robert M. Charles, Jr., Esq.
          Justin J. Henderson, Esq.
          Lewis Roca Rothgerber LLP
          One South Church Avenue, Suite 700
          Tucson, Arizona 85701
          Tel.: 520 629-4427
          Fax: 520 879-4705
          Email: jhenderson@lrrlaw.com
                 RCharles@LRRLaw.com

                   About Snowflake Community

Snowflake Community Foundation, whose lone significant asset is its
100% ownership of The Apache Railway Co., sought Chapter 11
protection (Bankr. D. Ariz. Case No. 15-bk-06264) in Phoenix on May
20, 2015.  The case is assigned to Judge Madeleine C. Wanslee.

The Debtor tapped Rob Charles, Esq., at Lewis Roca Rothgerber LLP,
in Tucson, Arizona, as counsel.


SOUTHERN REGIONAL: Case Summary & 30 Top Unsecured
--------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

    Debtor                                       Case No.
    ------                                       --------
    Southern Regional Health System, Inc.  15-64266
       dba Southern Regional Medical Center
    11 Upper Riverdale Road, SW
    Riverdale, GA 30274

    Southern Regional Medical Services, Inc.     15-64277
    Southern Crescent Physicians' Group, Inc.    15-64278
    Southern Crescent Real Estate, Inc.          15-64279
    Southern Regional Ambulatory Surgery, Inc.   15-64280
    Southlake Ambulatory Surgery Center, LLLP    15-64281

Type of Business: Health Care

Chapter 11 Petition Date: July 30, 2015

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Judge: Hon. Wendy L. Hagenau

Debtors' Counsel: Ashley Reynolds Ray, Esq.
                  SCROGGINS & WILLIAMSON, P.C.
                  1500 Candler Building
                  127 Peachtree Street, NE
                  Atlanta, GA 30303
                  Tel: (404) 893-3880
                  Fax: (404) 893-3886
                  Email: aray@swlawfirm.com

                    - and -

                  J. Robert Williamson, Esq.
                  SCROGGINS & WILLIAMSON, P.C.
                  1500 Candler Building
                  127 Peachtree Street, N.E.
                  Atlanta, GA 30303
                  Tel: (404) 893-3880
                  Email: rwilliamson@swlawfirm.com

Debtors'          NELSON MULLINS RILEY & SCARBOROUGH LLP
Special
Counsel:

Debtors'          KURTZMAN CARSON CONSULTANTS LLC
Claims,
Noticing and
Balloting
Agent:

Estimated Assets: $50 million to $100 million

Estimated Debts: $100 million to $500 million

The petition was signed by Kimberly J. Ryan, CEO.

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Sound Physicians                                       $2,850,251
760 Beechnut Drive
Pittsburgh, PA 15205

Complete RX                                            $2,512,465
245 E Lake DR SE
Atlanta, GA 30317

Morrison Management Spec.                              $2,004,389
7865 North 86th Street
Milwaukee, WI 53224

Medical Information Technology                         $1,017,213
PO Box 952407
Lake Mary, FL 32795

Xanitos                                                  $955,802
7823 Spivey Station
Bldg A Suite 230
Jonesboro, GA 30236

AGFA Finance Corporation                                 $818,711
380 Interstate N. Pkwy
Suite 200
Atlanta, GA 30339-2267

Macquire Equipment Finance                               $579,314
PO Box 670865
Tel: 48267-0865

Diversified Clinical Services                            $422,148
2985 Scott Street
Vista, CA 92083

Dell Financial Services                                  $369,237
One Dell Way
Round Rock, TX 78682

Coventry                                                 $302,450
1100 Circle 75 Pkwy.
Suite 1400
Atlanta, GA 30339

Stryker Orthopaedics                                     $272,937
PO Box 3141
Tempe, AZ 85280

HSI Financial Service Inc.                               $272,660
PO Box 128
St Meinrad, IN 47577

LDR Spine USA, Inc.                                      $262,885
810 Overhill CT
Atlanta, GA 30328

CHP Spivey II Jonesboro GA                               $239,568

Nursefinders                                             $230,648

Philips Healthcare                                       $227,711

CHP Spivey I Jonesboro GA                                $225,501

Medtronic                                                $224,246

Boston Scientific                                        $220,242

Med Assets                                               $200,498

American Red Cross                                       $200,423

Navin, Haffty & Associates LL                            $199,000

Georgia Public Health LAB                                $197,556

Greenberg Traurig LLP                                    $193,211

Financial Healthcare Resources                           $191,572

Sizemore Inc.                                            $190,071

3M Health Information Systems                            $180,631

Quest Diagnostics                                        $175,095

Batchelor and Kimball                                    $163,257

First Financial Investment Fund V, LLC                 $2,000,000
230 Peachtree Street
15th Floor
Atlanta, GA 30303


STATE FISH: Amends Purchase Agreement With QSR
----------------------------------------------
R. Todd Neilson, Chapter 11 trustee of the bankruptcy estates of
State Fish Co., Inc., and Calpack Foods, LLC, filed with the U.S.
Bankruptcy Court for the Central District of California a first
amendment to asset purchase agreement signed June 19, 2015, with
QSR International Holdings, LLC.

The parties related that in light of the buyer's desire to obtain a
Phase II environmental site assessment and Structural Observations
Report in respect of the Specified Owned Real Property, the Parties
have determined to amend the APA by entering into that certain
Amendment No. 1 to Asset Purchase Agreement in order to:

   i) extend certain dates and deadlines set forth in the APA;

  ii) increase the amount of the supplemental expense
reimbursement; and

iii) expand the list of Specified Owned Real Property Reports in
the APA and clarify the time within which such reports must be
delivered by buyer to sellers.

A copy of the First Amendment is available for free at:

http://bankrupt.com/misc/StateFish_432_392_1stamendedAPA.pdf

                          About State Fish

State Fish Co., Inc., was founded in 1932 and began as a small
local wholesale fish buyer in California.  Under the leadership of
Sam DeLuca, State Fish expanded from a small fresh fish company to
an internationally-known import and export company operating its
own processing and cold store facilities near the Port of Los
Angeles. Calpack Foods, LLC, a wholly owned subsidiary, was formed
in April 2012 to produce high quality food and beverage products.

State Fish and Calpack Foods filed voluntary Chapter 11 bankruptcy
petitions (C.D. Cal. Lead Case No. 15-11084) on Jan. 26, 2015,
amid
a family dispute and liquidity woes brought by declining fish
catches.  Sisters Vanessa DeLuca, Roseann DeLuca and Janet
Esposito, backed the bankruptcy filing while John DeLuca has
opposed the Chapter 11 effort.

The Hon. Sandra R. Klein presides over the jointly administered
cases.  Amir Gamliel, Esq., and Alan D Smith, Esq., at Perkins
Coie
LLP, serve as the Debtors' counsel.  George Blanco, at Avant
Advisory Group, acts as chief restructuring officer.

State Fish disclosed $34,868,772 in assets and $10,084,671 in
liabilities as of the bankruptcy filing.

The U.S. Trustee has appointed three entities -- Cedar Cold
Services LLC, Star-Box Inc., and Queen City Seafood Sales -- to
serve on the official committee of unsecured creditors.  The panel
has tapped Levene, Neale, Bender, Yoo & Brill LLP to serve as its
general counsel.

R. Todd Neilson was appointed as Chapter 11 trustee effective as of
Feb. 27, 2015.



STATE FISH: Trustee Has Until Oct. 30 to Remove Civil Proceedings
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
extended until Oct. 30, 2015, the deadline for R. Todd Neilson,
Chapter 11 trustee for State Fish Co., Inc. and Calpack Foods, LLC,
to file notices of removal of civil proceedings on behalf of the
Debtors.

The Trustee is represented by:

         David M. Stern, Esq.
         Colleen M. Keating, Esq.
         Jonathan M. Weiss, Esq.
         KLEE, TUCHIN, BOGDANOFF & STERN LLP
         1999 Avenue of the Stars, Thirty-Ninth Floor
         Los Angeles, CA 90067
         Tel: (310) 407-4000
         Fax: (310) 407-9090
         E-mail: dstern@ktbslaw.com
                 ckeating@ktbslaw.com
                 jweiss@ktbslaw.com

                         About State Fish

State Fish Co., Inc., was founded in 1932 and began as a small
local wholesale fish buyer in California.  Under the leadership of
Sam DeLuca, State Fish expanded from a small fresh fish company to
an internationally-known import and export company operating its
own processing and cold store facilities near the Port of Los
Angeles. Calpack Foods, LLC, a wholly owned subsidiary, was formed
in April 2012 to produce high quality food and beverage products.

State Fish and Calpack Foods filed voluntary Chapter 11 bankruptcy
petitions (C.D. Cal. Lead Case No. 15-11084) on Jan. 26, 2015, amid
a family dispute and liquidity woes brought by declining fish
catches.  Sisters Vanessa DeLuca, Roseann DeLuca and Janet
Esposito, backed the bankruptcy filing while John DeLuca has
opposed the Chapter 11 effort.

The Hon. Sandra R. Klein presides over the jointly administered
cases.  Amir Gamliel, Esq., and Alan D Smith, Esq., at Perkins Coie
LLP, serve as the Debtors' counsel.  George Blanco, at Avant
Advisory Group, acts as chief restructuring officer.

State Fish disclosed $34,868,772 in assets and $10,084,671 in
liabilities as of the bankruptcy filing.

The U.S. Trustee has appointed three entities -- Cedar Cold
Services LLC, Star-Box Inc., and Queen City Seafood Sales -- to
serve on the official committee of unsecured creditors.  The panel
has tapped Levene, Neale, Bender, Yoo & Brill LLP to serve as its
general counsel.

R. Todd Neilson was appointed as Chapter 11 trustee effective as of
Feb. 27, 2015.



SULLIVAN INTERNATIONAL: Court Okays Crowe Horwath as Panel Advisor
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Sullivan
International Group, Inc. sought and obtained permission from the
Hon. Laura S. Taylor of the U.S. Bankruptcy Court for the Southern
District of California to retain Crowe Horwath LLP as financial
advisor to the Committee, nunc pro tunc to June 2, 2015.

The Committee requires Crowe Horwath to:

   (a) assist the Committee and Committee counsel in reviewing
       and evaluating the Debtor's business plan and associated
       financial projections;

   (b) evaluate proposed sales and leases proposed by the
       Debtor;

   (c) assist the Committee and Committee counsel in reviewing
       and evaluating the Debtor's business plan and liquidation
       analysis;

   (d) assist the Committee and Committee counsel in analyzing
       preference and other avoidance actions;

   (e) attend Court hearings as necessary;

   (f) attend and participate in meetings with the Committee and
       Committee counsel as necessary; and

   (g) assist with such other matters as may be requested that
       fall within Crowe's expertise and that are mutually
       agreeable.

Crowe Horwath will be paid at these hourly rates:

       Michael Schwarzmann, Director  $395
       Managers                       $95
       Senior Partners                $625
       Office Staff                   $85-$260

Ballard Spahr will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Michael Schwarzmann, director of Crowe Horwath, 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.

Crowe Horwath can be reached at:

       Michael David Schwarzmann
       CROWE HORWATH LLP
       9th Fl, 15233 Ventura Blvd
       Sherman Oaks, CA 91403
       Tel: (818) 325-8461
       E-mail: Michael.Schwarzmann@CroweHorwath.com

                     About Sullivan International

Sullivan International Group, Inc., an environmental engineering
provider, commenced a Chapter 11 bankruptcy case (Bankr. S.D. Cal.
Case No. 15-02281) in San Diego, California, on April 6, 2015.
Steven E. Sullivan signed the petition as chief executive officer.
The Debtor disclosed total assets of $16.27 million and total
Debts of $17.25 million.  James P. Hill, Esq., at Sullivan, Hill,
Lewin, Rez & Engel, APLC, in San Diego, represents the Debtor as
counsel.

The U.S. trustee overseeing the Debtor's bankruptcy case appointed
DeNovo Constructors Inc., Tetra Tech Inc., Park Construction Co.,
Energy Solutions, Wittie Letsche & Waldo LLP, Lawson Environmental
Service, Meyer Construction Inc., Cascade Drilling LP, and McMillin
NTC 903/904 LLC to serve on the official committee of unsecured
creditors.


SULLIVAN INTERNATIONAL: Seeks Approval of $6-Mil. Factoring Deal
----------------------------------------------------------------
Sullivan International Group, Inc., seeks Court authority to borrow
a maximum of $6,000,000 from Federal National Commercial Credit
(FNCC) through an agreement under which FNCC would purchase as a
factor eligible accounts receivable of the Debtor.  At the present
time, the Debtor anticipates that FNCC will primarily require a
factoring and security agreement to be executed, which factoring
and security agreement will contain the principal business terms of
the facility as approved by this Court.  

The Debtor will sell, and FNCC will purchase, eligible prime
federal accounts receivable with an advance rate of 90% and
eligible commercial or subcontract accounts receivable with an 85%
advance rate.  FNCC may also make advance upon pro-forma Memo
Invoices submitted by the Debtor to FNCC representing to-be-billed
amounts that have been earned according to the terms of the
contract during the then current month lacking only arrival at the
end of the monthly billing cycle to become billable in regular
monthly invoice(s).  Such end of month invoices must fully retire
all work in process under that contract through the end of the
subject month and must be billed timely.  There will be a 0.25
percent Supplemental Memo Invoice Fee on the face amount of each
Memo Invoice funded.

The term of the facility will be 24 months, and should the Debtor
retire it early, FNCC will charge an early termination fee of 1% of
$6,000,000.

FNCC will be afforded a superpriority administrative claim pursuant
to section 364(c)(1) of the Bankruptcy Code, liens pursuant to
sections 364(c)(2) and 364(c)(3) of the Bankruptcy Code, and
priming liens pursuant to section 364(d) of the Bankruptcy Code,
with such liens to attach to all assets of the Debtor other than
two carve outs.

The Debtor will pay FNCC a Servicing Fee equal to 0.65% of the face
amount of each invoice for the first 30-day period.  After the
initial 30-day period, the Servicing Fee will be prorated and
charged daily for each additional day an invoice is outstanding.
Provided, however, that in any given month, the Servicing Fee will
be a minimum of $15,000.  The Debtor will pay a Discount Fee equal
to prime plus 1% on the face amount of each invoice.  For invoices
more than 90 days old, the Debtor will pay a Collection Fee of 1.5%
of the face amount of each invoice for each 15 day period an
invoice remains unpaid; provided, however, that the Debtor may
repurchase or substitute such invoices with current eligible
invoices to avoid the Collection Fee.  These fees translate into an
effective interest rate of approximately 12% per annum.

FNCC's obligation to close the facility is subject to its
satisfactory completion of its due diligence process, which process
is almost complete.   The Debtor will use the facility to pay off
the revolving line of credit of Bridge Bank, National Association,
and to provide additional working capital for the Debtor's
postpetition business operations.

                     Bridge Bank Objects

Bridge Bank has filed an objection to the Motion, saying that the
Motion seeks a priming lien in favor Federal National Commercial
Credit (FNCC) on all of Debtor’s assets, except the Projects.
Bridge Bank objects to the granting of a senior lien on Debtor’s
assets in favor of FNCC, unless and until Bridge Bank receives
payment in full in good funds of all amounts outstanding under the
LOC, including all principal, interest, charges, and expenses,
including legal fees and costs.

Further, Bridge Bank objects to the granting of a senior lien on
Debtor's assets in favor of FNCC, to the extent that Bridge Bank's
lien is otherwise subordinated, modified, impaired or
extinguished.

Bridge Bank does not object to full payment of the LOC and the
granting of senior liens to FNCC on the conditions set forth
herein, provided that its remaining Term Loans are adequately
protected by the Debtor's collateral.  Upon the full payment of the
LOC, approximately $2.0 million will remain outstanding to Bridge
Bank pursuant to Term Loan No. 1 and Term Loan No. 2, which Term
Loans are also secured by the Collateral.  Bridge Bank's security
interest in the Term Loans will not be adequately protected upon
the granting of a superpriority lien in favor of FNCC on all of
Debtor's personal property collateral.

The Debtor has provided no estimated time for the repayment of the
Term Loans, other than to advise it is unlikely that they will be
paid upon maturity – June 30, 2015.  The Debtor has further
advised Bridge Bank that the NAVFAC Hawaii account receivable
pledged as collateral to secure its Term Loan will be insufficient
to fully pay the $750,000 Term Loan, by approximately $640,000.

Bridge Bank is represented by:

         Jeffrey D. Cawdrey, Esq.
         Megan M. Adeyemo, Esq.
         GORDON & REES LLP
         101 W. Broadway, Suite 2000
         San Diego, CA 92101
         Tel: (619) 696-6700
         Fax: (619) 696-7124

                        Committee Responds

The Committee acknowledges the urgency of obtaining financing to
replace the Bridge Bank revolving line of credit.  The onerous
terms of the Bridge Bank line (including an almost 20% effective
interest rate and significant borrowing base restrictions), as well
as Bridge Bank's unwillingness to extend additional credit or make
cash collateral available to the Debtor for an extended period of
time, have put the Debtor in an untenable position; not only does
the Debtor lack sufficient liquidity to satisfy its current
obligations to trade creditors, but lacks the resources necessary
to effectuate a sale of its assets or a plan of reorganization in
this Chapter 11 case.  For these reasons, the Committee is
supportive of the Debtor's efforts to bring in a replacement
financier that will allow the Debtor the flexibility it requires to
operate its business in the ordinary course and that will provide
financing on more reasonable terms.

However, the Committee is unable to fully vet out the
reasonableness and sufficiency of the Factoring Facility, since it
has yet to be provided with a copy of the "FNCC Factoring
Agreement" that the Debtor is purportedly negotiating with FNCC.
Moreover, it is unknown at this time whether FNCC has completed due
diligence to its satisfaction such that it is willing to proceed
with the Factoring Facility.  Absent definitive documentation and
completion of due diligence, there is simply nothing for the Court
to approve at this time, as FNCC has expressly represented that it
has not provided a binding commitment to provide the Factoring
Facility.  Absent the Committee's ability to review and comment
upon the FNCC Factoring Agreement, it cannot consent to approval of
the Factoring Facility at this time, and suggests that the May 29,
2015 hearing on the Financing Motion may be premature.

The Committee further notes that in light of the revised terms of
engagement of 3C Advisors & Associates, Inc., approved by this
Court at a hearing on May 21, 2015, the maximum success fee payable
to 3C pursuant to the Factoring Facility is $120,000, rather than
the $180,000 stated in the Financing Motion.

The Committee requests that the Court's approval of the Financing
Motion be conditioned on a definitive commitment by FNCC to provide
the Factoring Facility, and the Committee's review of and consent
to the FNCC Factoring Agreement.

The Committee is represented by:

         Thomas R. Fawkes, Esq.
         Brian J. Jackiw, Esq.
         GOLDSTEIN & MCCLINTOCK LLLP
         208 S. LaSalle Sheet, Suite 1750
         Chicago, Illinois 60604
         Tel: (312) 337-7700
         Fax: (312) 277-2305

         Christopher Celentino, Esq.
         BALLARD SPAHR LLP
         655 West Broadway, Suite 1600
         San Diego, California 92101-8494
         Tel: (619) 487-0797
         Fax: (619) 969-9269

                 About Sullivan International

Sullivan International Group, Inc., an environmental engineering
provider, commenced a Chapter 11 bankruptcy case (Bankr. S.D. Cal.
Case No. 15-02281) in San Diego, California, on April 6, 2015.
Steven E. Sullivan signed the petition as chief executive officer.
The Debtor disclosed total assets of $16.27 million and total Debts
of $17.25 million.  James P. Hill, Esq., at Sullivan, Hill, Lewin,
Rez & Engel, APLC, in San Diego, represents the Debtor as counsel.

The U.S. trustee overseeing the Debtor's bankruptcy case appointed
DeNovo Constructors Inc., Tetra Tech Inc., Park Construction Co.,
Energy Solutions, Wittie Letsche & Waldo LLP, Lawson Environmental
Service, Meyer Construction Inc., Cascade Drilling LP, and McMillin
NTC 903/904 LLC to serve on the official committee of unsecured
creditors.



SULLIVAN INTL: Court OKs Goldstein & McClintock as Panel's Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Sullivan
International Group, Inc. sought and obtained permission from the
Hon. Laura S. Taylor of the U.S. Bankruptcy Court for the Southern
District of California to retain Goldstein & McClintock LLLP as
counsel to the Committee, nunc pro tunc to May 14, 2015.

The Committee requires Goldstein & McClintock to:

   (a) advise the Committee on all legal issues as they arise;

   (b) represent and advise the Committee regarding the terms
       of any sales of assets or plans of reorganization or
       liquidation, and assist the Committee in negotiations
       with the Debtor and other parties;

   (c) investigate the Debtor's assets and pre-bankruptcy conduct;

   (d) analyze the liens, claims and security interests of any of
       the Debtor's secured creditors, and where appropriate,
       raising challenges on behalf of the Committee;

   (e) prepare, on behalf of the Committee, all necessary
       pleadings, reports, and other papers;

   (f) represent and advise the Committee in all proceedings in
       these cases;

   (g) assist and advise the Committee in its administration; and

   (h) provide such other services as are customarily provided by
       counsel to a creditors' committee in cases of this kind.

Goldstein & McClintock will be paid at these hourly rates:

       Thomas R. Fawkes, partner          $425
       Brian J. Jackiw, partner           $335
       Sean Williams, associate           $255
       Kavin Tedamrongwanish, associate   $195
       Associates                         $195
       Senior Partners                    $725
       Legal Assistants                   $135-$255

Goldstein & McClintock will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Thomas R. Fawkes, partner of Goldstein & McClintock, 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.
Goldstein & McClintock can be reached at:

       Thomas R. Fawkes, ESq.
       GOLDSTEIN & MCCLINTOCK LLLP
       208 S. LaSalle Street, Suite 1750
       Chicago, IL 60604
       Tel: (312) 337-7700
       Fax: (312) 277-2305

                     About Sullivan International

Sullivan International Group, Inc., an environmental engineering
provider, commenced a Chapter 11 bankruptcy case (Bankr. S.D. Cal.
Case No. 15-02281) in San Diego, California, on April 6, 2015.
Steven E. Sullivan signed the petition as chief executive officer.
The Debtor disclosed total assets of $16.27 million and total
Debts of $17.25 million.  James P. Hill, Esq., at Sullivan, Hill,
Lewin, Rez & Engel, APLC, in San Diego, represents the Debtor as
counsel.

The U.S. trustee overseeing the Debtor's bankruptcy case appointed
DeNovo Constructors Inc., Tetra Tech Inc., Park Construction Co.,
Energy Solutions, Wittie Letsche & Waldo LLP, Lawson Environmental
Service, Meyer Construction Inc., Cascade Drilling LP, and McMillin
NTC 903/904 LLC to serve on the official committee of unsecured
creditors.


SUN BANCORP: Files Copy of Investor Presentation with SEC
---------------------------------------------------------
Sun Bancorp, Inc. distributed copies of a presentation regarding
the Company to investors and analysts at the Keefe, Bruyette &
Woods 2015 Community Bank Investor Conference in New York City.  A
copy of the presentation is available a:

                      http://goo.gl/TxI3y3

                     About Sun Bancorp. Inc.

Sun Bancorp, Inc.is a bank holding company headquartered in Mount
Laurel, New Jersey.  Its primary subsidiary is Sun National Bank, a
community bank serving customers throughout New Jersey. Sun
National Bank -- http://www.sunnationalbank.com/-- is an Equal  
Housing Lender and its deposits are insured up to the legal maximum
by the Federal Deposit Insurance Corporation (FDIC).

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
$29.8 million in 2014, a net loss available to common shareholders
of $9.94 million in 2013, and a net loss available to common
shareholders of $50.49 million in 2012.

As of June 30, 2015, Sun Bancorp had $2.3 billion in total assets,
$2.1 billion in total liabilities and $252.9 million in total
shareholders' equity.


TECHPRECISION CORP: Amends Fiscal 2015 Annual Report
----------------------------------------------------
TechPrecision Corporation filed an amendment No. 1 to its annual
report on Form 10-K for the fiscal year ended March 31, 2015, to
supplement Item 10 and amend and restate Items 11 through 14 to
include the information intended to be incorporated therein by
reference to the Company's definitive proxy statement with respect
to our Annual Meeting of Stockholders for 2015.  A copy of the Form
10-K/A is available at http://goo.gl/ZqT9v7

                         About TechPrecision

TechPrecision Corporation (OTC BB: TPCSE), through its wholly owned
subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical Components
Co., Ltd., globally manufactures large-scale, metal fabricated and
machined precision components and equipment.

TechPrecision reported a net loss of $7.09 million for the year
ended March 31, 2014, as compared with a net loss of $2.41 million
for the year ended March 31, 2013.

As of Dec. 31, 2014, the Company had $14.4 million in total assets,
$13.5 million in total liabilities and $937,000 in total
stockholders' equity.

KPMG LLP, in Philadelphia, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2013.  The independent auditors noted that the
Company was not in compliance with the fixed charges and interest
coverage financial covenants under their credit facility, and the
Bank has not agreed to waive the non-compliance with the covenants.
Since the Company is in default, the Bank has the right to
accelerate payment of the debt in full upon 60 days written notice.
The Company has suffered recurring losses from operations, and the
Company's liquidity may not be sufficient to meet its debt service
requirements as they come due over the next
twelve months.  These circumstances raise substantial doubt about
the Company's ability to continue as a going concern.


THE ACADEMY: Fitch Raises Rating on 3 School Revenue Bonds to 'B'
-----------------------------------------------------------------
Fitch Ratings has upgraded the underlying rating on these Colorado
Educational and Cultural Facilities Authority revenue bonds issued
on behalf of The Academy to 'B' from 'B-':

   -- $17.7 million charter school revenue bonds (Academy of
      Charter Schools Project), series 2004;

   -- $6.1 million charter school revenue bonds (Academy of
      Charter Schools Project), series 2008;

   -- $9.7 million charter school revenue bonds (The Academy
      Project), series 2010A&B.

The Rating Outlook remains Positive.

SECURITY

The bonds are ultimately payable from lease payments made by The
Academy to two building corporations, subject to annual
appropriation.  The building corporations have mortgage interests
in the school facilities financed by the separately secured series
2004 and 2008 bonds and series 2010A and 2010B bonds.  Cash-funded
debt service reserves for all four series of bonds provide
additional bondholder protection.

KEY RATING DRIVERS

IMPROVED OPERATIONS DRIVE UPGRADE: The Academy is a well-
established Colorado charter school with an over 20-year operating
history.  Three consecutive years of positive GAAP-based operating
margins through fiscal 2015 (unaudited) demonstrate a more stable
financial position consistent with the higher rating level.

WEAK BALANCE SHEET: Thin liquidity levels and a considerable debt
burden highlight The Academy's weak balance sheet.  In addition,
available funds provide limited cushion for narrow debt service
coverage of slightly more than 1x.

SOUND DEMAND AND ENROLLMENT TRENDS: A sound demand profile includes
positive enrollment trends to near full capacity, healthy retention
rates, and a favorable academic performance relative to district-
and state-wide averages.

STRONG STRUCTURAL AND LEGAL PROVISIONS: Structural and legal
provisions providing strong bondholder protection include the
state's debt service intercept program and various reserve funds,
reflecting a favorable statutory environment for charter schools.

RATING SENSITIVITIES

CONTINUED FINANCIAL IMPROVEMENT: Sustained improvement in The
Academy's financial results, coupled with material gains in
liquidity levels, could support upward rating movement over the
medium term.

STANDARD SECTOR CONCERNS: Limited balance sheet resources;
substantial reliance on enrollment-driven per pupil funding; and
charter renewal risk are credit concerns common among all charter
schools that, if pressured, could negatively affect the rating.

CREDIT PROFILE

Located in Westminster, Colorado, The Academy has been in operation
since 1994.  The school operates under a single charter for all
grade levels through high school.

NEW AUTHORIZER

The Academy's charter with the Charter School Institute (CSI)
matches the previous charter term and represents the maximum
allowable in the state.  The charter is in effect for five years
from July 1, 2014-June 30, 2019.  CSI is an independent agency of
the Colorado Department of Education with approximately 31 schools
under its purview.

The Academy's management had noted at the time of the authorizer
change that CSI's continuous monitoring, support, and resources
could help guide the school in improving its financial position.
The recent three-year trend of positive operations provides some
evidence of a turnaround.  Moreover, management appears to have
resolved Tabor amendment and working capital reserve violations, as
well as internal control deficiencies.  The Academy obtained a
bondholder waiver through fiscal 2016 for a 2013 working capital
covenant breach; management is required to demonstrate progress on
an annual cycle toward reestablishing covenant compliance.

IMPROVING OPERATING MARGINS

Positive financial operations drive the rating upgrade.  Unaudited
fiscal 2015 results suggest a third consecutive year of gains: the
general fund posted a $627,000 increase on approximately 5% revenue
growth to $14.8 million.  Fiscal years 2013 and 2014 operating
margins each registered 1.6% compared with the prior three-year
average of negative 5.6%.  State funding and enrollment growth, as
well as ongoing expense management, contributed to the positive
changes.

Greater than 1x annual debt service coverage in each of fiscal
years 2013 and 2014, too, is a positive indication.  However,
coverage remains narrow at about 1.1x and available funds provide
very limited financial cushion to absorb weak cash flows.  Coverage
of maximum annual debt service (MADS; 2035) remains less than 1x.

Typical of charter schools, The Academy's primary funding source is
per pupil revenue (PPR) received from the district, which
represented a high 80.4% of the school's fiscal 2014 operating
revenue ($14.2 million).  The state increased fiscal 2015 PPR for a
second year to about $7,300.  This followed a 2.5% increase in
fiscal 2014, a 0% increase in fiscal 2013, and cuts during the
previous few years.

WEAK BALANCE SHEET

In contrast with its improving financial operations, The Academy's
weak liquidity metrics and high debt burden present considerable
rating concerns.  Unrestricted cash and investments cover operating
expenses and long-term debt by just 10% and 4.1%, respectively,
despite the school's improved operating margins. Both ratios are
little changed in recent years.  Moreover, The Academy's MADS
burden is a very high 21.7%.

POSITIVE ENROLLMENT TRENDS

The Academy's sound demand profile supported by strong academic
performance remains a fundamental credit strength.  Enrollment
growth has averaged 2.3% annually over the past three years to
approximately 1,873 in fiscal 2016.  Management expects continued
increases over the next one-to-two years before enrollment reaches
the school's maximum capacity of around 1,900 students.  Such
growth is supported by healthy school-wide retention rates
averaging 92.3% with little deviation over the past five fiscal
years.
Student demand and retention rates benefit from the school's
favorable academic performance.  Results of the state's annual
Transitional Colorado Assessment Program exam exceeded district and
statewide averages through fiscal 2014.  More recent results after
a change in testing standards begun in fiscal 2015 are not yet
available.

PARTICIPATION IN STATE PROGRAMS

The Academy is part of the Colorado Charter School Intercept
Program.  Under the program, the state treasurer pays a portion of
the school's monthly PPR distribution directly to the trustee in
amounts sufficient to pay debt service on all bonds.  The Academy's
series 2004, 2008, and 2010A bonds (not the series 2010B bonds) are
also part of the state of Colorado's charter school moral
obligation program, which provides a mechanism for the state to
restore draws on the school's debt service reserve fund.

The Academy's participation in various state programs provides
additional bondholder protection.  However, Fitch's underlying
rating does not reflect the school's participation in such
programs.



TIANYIN PHARMA: Aug. 21 Deadline Set for NYSE Listing Compliance
----------------------------------------------------------------
Tianyin Pharmaceutical Inc., a pharmaceutical company that
specializes in the patented biopharmaceutical, modernized
traditional Chinese medicine (mTCM), branded generics and active
pharmaceutical ingredients (API), on July 30 provided updates
regarding the notice it received on
May 21, 2015 from the NYSE MKT LLC indicating that the Company was
below certain of the Exchange's continued listing standards, as set
forth in Sections 134 and 1101 of the NYSE MKT Company Guide, due
to the delay in filing of its Quarterly Report on Form 10-Q for the
period ended March 31, 2015.  On July 24, 2015, the Company
received another notice from the Exchange in connection with the
filing of the Form 10-Q that the Company continued to be not in
compliance with Sections 134 and 1101 of the NYSE MKT Company Guide
and that its listing is being continued pursuant to an extension.

Under NYSE MKT rules, until the Company files the Form 10-Q, its
common stock will continue to be subject to the ".LF" indicator to
signify its late filing status and will remain on the list of NYSE
MKT noncompliant issuers at www.nyse.com

In order to maintain its listing, the Company must regain
compliance with Sections 134 and 1101 of the NYSE MKT Company Guide
by August 21, 2015.  Failure to regain compliance within the given
timeframe will likely result in the Exchange Staff indicating
delisting procedures pursuant to Section 1009 of the Company
Guide.

Currently the Company is working diligently with the auditor to
compile and disseminate the information required to be included in
the Form 10-Q, as well as the required review of the Company's
financial information.  The Company expects to file the Form 10-Q
as soon as possible and before the deadline set by the Exchange.

                          About TPI

Headquartered at Chengdu, China, TPI --
http://www.tianyinpharma.com-- is a pharmaceutical company that
specializes in the development, manufacturing, marketing and sales
of patented biopharmaceutical, mTCM, branded generics and API.  TPI
currently manufactures a comprehensive portfolio of 58 products, 24
of which are listed in the highly selective national medicine
reimbursement list, 10 are included in the essential drug list
(EDL) of China.  TPI's pipeline targets various high incidence
healthcare indications.


U-LOCK IT: Case Summary & 3 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: U-Lock It, L.L.C.
        23315 State Route 342
        Watertown, NY 13601

Case No.: 15-31143

Chapter 11 Petition Date: July 30, 2015

Court: United States Bankruptcy Court
       Northern District of New York (Syracuse)

Judge: Hon. Margaret M. Cangilos-Ruiz

Debtor's Counsel: Maxsen D Champion, Esq.  
                  MAXSEN D. CHAMPION
                  2 South Street, Suite 312
                  Auburn, NY 13021
                  Tel: 315-255-3414
                  Email: max2040@live.com

Total Assets: $1.7 million

Total Liabilities: $1.8 million

The petition was signed by Walter VanTassel, managing member.

A list of the Debtor's three largest unsecured creditors is
available for free at:

                http://bankrupt.com/misc/nynb15-31143.pdf


UNIVERSAL CORP: Fitch Affirms 'BB' Preferred Stock Rating
---------------------------------------------------------
Fitch Ratings has affirmed Universal Corp.'s Issuer Default Rating
(IDR) at 'BBB-'.  The ratings apply to approximately $430 million
of total outstanding debt (granting 100% equity credit for
Universal's convertible perpetual preferred stock).

The Rating Outlook is Stable.

KEY RATING DRIVERS
Tobacco leaf pricing moderated in fiscal 2015 as the market balance
shifted to oversupply conditions from tighter supplies in the prior
year.  Universal's EBITDA generation during fiscal 2015 was
stressed by the oversupply along with a greater-than expected pull
back in end-user demand, yielding a 6% fall in EBITDA.  Fitch is
cautious about restoration of a supply/demand balance in the
current year, despite expected reduction in global production of
key tobacco varieties.

Gross leverage (total debt to EBITDA) increased to 2.1 times (x) in
fiscal 2015 (ending March 31, 2015) from 1.9x in the prior year
stressed by EBITDA compression due to operational headwinds.  Fitch
anticipates that Universal will operate with unadjusted total
leverage around the current level over the next two years but will
grow increasingly concerned as leverage approaches 2.5x.

Vertical integration of operations at tobacco product manufacturers
has been an ongoing threat to leaf processors, but the risk may be
easing indicated by Universal's largest customer, Philip Morris
International, recently increasing outsourcing of direct purchasing
of tobacco leaf to global suppliers.  The activity is a reversal of
prior efforts by manufacturers to control the entire supply chain,
and may prove to be an opportunity with Universal's other large
cigarette makers.

Universal's cash flows can be variable moving in conjunction with
working capital requirements mainly driven by fluctuating inventory
costs influenced by tobacco leaf pricing and customer purchasing
patterns.  As such, access to sufficient external liquidity in
order to address variable working capital needs is a key credit
consideration.

Tobacco oversupply pressures earnings.  As tobacco leaf production
significantly ramped up in 2014 after prices jumped from short
supplies in the prior year, the pendulum swung the opposite way
creating a supply/demand imbalance in existence presently.  While
the oversupply corrects, tobacco leaf pricing will remain low,
negatively affecting revenues and raising uncertainty of earnings
as growers refrain from commercialization until more favorable
pricing trends appear.

Universal's EBITDA generation during fiscal 2015 was stressed by
the oversupply along with a greater-than expected pull back in
end-user demand, yielding a 6% fall in EBITDA to approximately $204
million.  Fitch is cautious about stabilization of market
conditions in the current year, especially in flue-cured tobacco
leaf but sees modest improvement in both revenues and EBITDA given
lower estimated global tobacco production and early indications of
normalization in burley leaf supplies.  Universal estimates
production outside of China of key tobacco crops, flue-cured and
burley, to fall by almost 9% and 12%, respectively.

Leverage within expectations: Gross leverage (total debt to EBITDA)
increased to 2.1 times (x) in fiscal 2015 (ending March 31, 2015)
from 1.9x in the prior year stressed by EBITDA compression due to
operational headwinds.  Fitch is comfortable with Universal
operating with leverage around 2.0x for the current rating.  With
expectation of stubborn oversupply conditions in fiscal 2016, Fitch
anticipates leverage to hold relatively steady from incremental
EBITDA despite a slightly higher debt load stemming from short-term
borrowings tied to working capital requirements.

Vertical integration reversing: Vertical integration of operations
at tobacco product manufacturers has been an ongoing risk to leaf
processors that also serve these same end-users further along the
value chain.  In the past year, Universal has increased its
services package to its largest customer, Philip Morris
International (PMI), to include direct purchasing from farmers as
PMI shifts its supply chain to increased outsourcing of inventory
buying in the U.S. and Mexico.

The activity is a reversal of prior efforts by manufacturers to
control the entire supply chain, and may prove to be an opportunity
with Universal's other large customers.  Future growth may also
stem from a trend by product manufacturers to simplify tobacco
supplier bases as well as to choose processors/suppliers capable of
providing complaint and sustainable tobacco leaf in light of risk
from social issues in tobacco leaf farming, including child labor
and deforestation concerns.  Universal's margins may enhance as the
company receives more reward for greater risk linked to possessing
inventories earlier in the supply chain.

Choppy cash flow: Universal's cash flows can be variable, similar
to other tobacco leaf processors, moving in conjunction with
working capital requirements mainly driven by inventories that
fluctuate in cost due to tobacco leaf pricing as well as in amount
given timing of customer purchasing.  Peak working capital needs
arise in the first and second fiscal quarters linked to timing of
the Brazilian and African harvests, with swings of $300 million
between March and September On the flipside of the headwind created
by oversupply conditions on operations, cash flow generation
received a boost from lower priced inventories during fiscal 2015.


Heavy working capital usage in fiscal 2014 switched to a benefit in
fiscal 2015 yielding cash flow from operations (CFO) of $241.3
million in 2015 compared to $11.3 million in 2014, and positive
free cash flow (FCF) of $135.6 million last year versus negative
$81.2 million in 2014 despite increased capital spending during
2015.  Given vagaries of tobacco leaf pricing, free cash flow can
jump from positive to negative nearly annually.  Accordingly, Fitch
sees negative free cash flow in fiscal 2016 and moderate generation
in fiscal 2017.  Fitch would be concerned upon consecutive annual
free cash flow deficits, should the situation arise

KEY ASSUMPTIONS
Fitch's key assumptions within its rating case for Universal
include:

   -- Relatively stagnant revenues in fiscal years 2016 and 2017
      given stubborn oversupply of flue-cured tobacco leaf;
   -- Modestly moderating global supply yields slightly improving
      margin in 2016 and 2017;
   -- Positive funds flow from operation (FFO) in 2016 and 2017
      fully covering elevated capital investments to complete the
      food processing plant and a rising dividend;
   -- Free cash flow vacillates from negative to moderately
      positive in 2016 and 2017, respectively, on working capital
      swings.

RATING SENSITIVITIES

Fitch sees Universal operating with gross debt leverage around 2.0x
within the current rating.  Trending of the metric has been
negative over the past years as EBITDA has compressed from various
marketplace pressures; however, Fitch will grow more concerned when
unadjusted leverage exceeds 2.5x on a sustained basis, likely due
to negative EBITDA growth trends and/or a stubbornly higher debt
load.

While not anticipated over the ratings horizon, a significant and
durable decrease in profitability may arise from an unexpected fall
in demand arising from a loss of major customers, heavy competitive
inroads in key tobacco markets, or an unexpected significant
secular decline.  Lack of FFO coverage of capital spending and
dividends, such that meaningful incremental debt funding becomes
necessary would also pressure the rating.

Fitch sees no positive rating action over the intermediate term;
however, Fitch will favorably view a commitment to operate with
total debt leverage below 1.5x, coupled with consistent cash flow
generation for multiple years such that FFO margin stays around
10%.  In addition, materially increased diversification of the
portfolio with the ability to maintain EBITDA margins at 12% is a
credit positive.

LIQUIDITY

Universal maintains ample sources of liquidity that provide support
as internal cash flow generation fluctuates due to inherent
unpredictability of tobacco leaf pricing.  At the end of fiscal
2015, Universal had capacity of $405 million under a new $430
million revolving bank agreement (reduced by $25 million in letters
of credit) plus $248.8 million, cash and cash equivalents, which
vary seasonally.  Additional liquidity comes from uncommitted lines
of credit that support working capital requirements
internationally, of which $328 million were unused at the end of
fiscal 2015.  Fitch does consider the uncommitted lines to be a
weaker form of support.

FULL LIST OF RATING ACTIONS

Fitch affirms Universal's rating with a Stable Outlook as:

   -- IDR at 'BBB-';
   -- Senior unsecured credit facility at 'BBB-';
   -- Senior unsecured notes at 'BBB-';
   -- Convertible perpetual preferred stock at 'BB'.



UNIVERSAL HEALTH: Trustee Okayed to Sell AMC's Personal Property
----------------------------------------------------------------
The Hon. K. Rodney May of the U.S. Bankruptcy Court for the Middle
District of Florida authorized Soneet R. Kapila, the Chapter 11
trustee for Universal Health Care Group Inc., to auction the
personal property owned by American Managed Care, LLC, including
information technology equipment, free and clear of any liens and
encumbrances.

The Debtor serves as the sole member of American Managed.

BankUnited, N.A. has consented to the auction, and agreed that 25%
of the net proceeds to AMC will be carved out and paid to the AMC
bankruptcy estate.

As reported in the Troubled Company Reporter on May 29, 2015,
Roberta A. Colton, Esq., at Trenam, Kemker, Scharf, Barkin, Frye,
O'Neill & Mullis, PA, in Tampa, Florida, related that AMC's
personal property was not discovered until after the Chapter 11
trustee's court approved auction of AMC's other personal property
held on Sept. 24 - 25, 2013.  Ms. Colton further related that it is
not the intention of the Chapter 11 trustee to sell any personal
property that was the subject of a valid lease that has been
rejected.  Additionally, the trustee is not seeking to sell any AMC
personal property that contains data.

According to AMC's schedules of assets and liabilities and proofs
of claim, BankUnited, N.A., as the administrative agent pursuant to
a UCC-1 Financing Statement, dated April 6, 2012, holds a possible
lien on the personal property proposed to be sold.  Ms. Colton told
the Court that BankUnited has consented to the auction and the
payment terms for the auction company.  BankUnited further has
agreed to a 25% carve out to the AMC bankruptcy estate from the
proceeds of the sale, after payment to the auction Company.

The Trustee also sought authorization to employ Moecker Auctions,
Inc., to serve as auctioneer.

                   About Universal Health Care Group

Universal Health Care Group, Inc., owns an insurance company and
three health-maintenance organizations that provide managed care
services for government sponsored health care programs, focusing
on
Medicare and Medicaid.

Universal Health was founded in 2002 by Dr. A.K. Desai and grew
its
operations of offering Medicare plans to more than 37,000 members
to over 20 states.

Universal Health filed a Chapter 11 bankruptcy protection (Bankr.
M.D. Fla. Case No. 13-01520) on Feb. 6, 2013, after Florida
regulators moved to put two of the company's subsidiaries in a
receivership. Universal Health Care estimated assets of up to$100
million and debt of less than $50 million in court filings in a
Tampa, Florida.  Harley E. Riedel, Esq., at Stichter Riedel Blain &
Prosser serves as counsel to the Debtor

Soneet R. Kapila has been appointed the Chapter 11 Trustee in the
Debtor's case.  He is represented by Roberta A. Colton, Esq., at
Trenam, Kemker, Scharf, Barkin, Frye, O'Neill & Mullis, PA.
Dennis S. Jennis, Esq., and Jennis & Bowen, P.L., serve as special
conflicts counsel and E-Hounds, Inc., serves as a forensic imaging
consultant to the Chapter 11 trustee.



US LBM: S&P Assigns 'B+' Corporate Credit Rating, Outlook Stable
----------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B+'
corporate credit rating to Green Bay, Wis.-based U.S. LBM Holdings
LLC.  The rating outlook is stable.

At the same time, S&P assigned its 'B+' issue-level rating (no
notching from the corporate credit rating) to U.S. LBM's proposed
$650 million senior secured first-lien term loan.  The '3' recovery
rating on the facility indicates S&P's expectation for meaningful
(50% to 70%; lower end of the range) recovery in the event of a
payment default.

S&P also assigned its 'B-' issue-level rating (two notches below
the corporate credit rating) to U.S. LBM's proposed $150 million
senior secured second-lien credit facility.  The '6' recovery
rating on the facility indicates S&P's expectation for negligible
(0% to 10%) recovery in the event of a payment default.

The stable outlook reflects S&P's expectation that U.S. LBM will
maintain operational performance levels that will result in
improved leverage measures over the next 12 months.

S&P could lower the rating if the U.S. housing recovery stalls and
if leverage exceeds and is sustained above 6x over the next 12
months.  S&P could also lower the rating if interest coverage falls
below 2.5x.

S&P is unlikely to upgrade the company over the next 12 months
given its ownership by a private equity firm and acquisitive
financial policy.



VICTORY HEALTHCARE: Plano Hospital Sale to Nobilis Approved
-----------------------------------------------------------
Nobilis Health Corp. on July 30 disclosed that the U.S. Bankruptcy
Court for the Northern District of Texas, approved a Sale Order for
the sale of assets of Victory Plano Hospital, LP for a total
purchase price of approximately $5.8 million.  The purchase price
consisted of a cash payment of $1.3 million, the assumption of
Plano's loan with Legacy Bank of approximately $4.5 million and the
assumption of Plano's capital equipment leases and real estate
lease.  Nobilis also acquired all of Plano's inventory, supplies
and equipment plus all of Plano's outstanding accounts receivable
for surgical procedures performed in the twelve months prior to
closing as well as certain proceeds related to Plano's settlement
agreement with CIGNA, which Nobilis believes have an aggregate
value of between $1.0 million and $3.0 million.

The final deal terms represent a significant savings for Nobilis as
compared to the deal terms originally agreed upon this past May.
The prior deal was valued, in the aggregate, at $12.5M, with
assumed capital equipment leases of $5.5 million, assumed bank debt
of $7.0 million and with no account receivables to be acquired.

"As with our Scottsdale acquisition in early 2014, the Company's
strategic maneuver to complete this acquisition in bankruptcy court
was calculated to acquire the asset at a reduced price," said
Harry Fleming, Nobilis' chairman.

"Plano represents an important acquisition for Nobilis, and we're
happy to have completed it on terms more favorable to our
shareholders," said Chris Lloyd, Nobilis' CEO.  "This marks the
realization of another milestone in our strategic plan and provides
needed operational flexibility for the Dallas market.  We are
looking forward to updating our shareholders on this deal and
providing updated guidance for fiscal 2015 and initial revenue and
adjusted EBITDA guidance for 2016 and 2017," said Chris Lloyd, CEO
of Nobilis Health.

Nobilis will host a conference call on Friday, August 14, 2015, at
10 a.m. CST to discuss its first quarter results.  Details for
participating in the conference call will be contained in a
separate press release.

                    About Nobilis Health Corp.

Nobilis owns and manages ambulatory and acute care facilities to
deliver healthcare services.  Nobilis owns and manages seven
surgical facilities in Dallas, Houston, and Scottsdale and has
contractual partnerships with six other facilities in Arizona,
Oregon, Michigan, Minnesota, Tennessee and New Jersey.

                     About Victory Healthcare

Victory Parent Company, LLC, and 8 affiliated companies sought
Chapter 11 protection in Fort Worth, Texas (Bankr. N.D. Tex.) on
June 12, 2015, in Ft. Worth, Texas.  The Debtors are seeking joint
administration for procedural purposes, meaning that all pleadings
will be maintained on the case docket for Victory Medical Center
Mid-Cities, LP; Case No. 15-42373-RFN.

Headquartered in The Woodlands, Texas, Victory Parent Company
manages six medical centers in Texas.  Founded in 2005, Victory
now
maintains medical centers offering emergency room services in
through Victory Medical Center Mid-Cities in Hurst, Victory
Medical
Center Plano, Victory Medical Center Craig Ranch in McKinney, and
Victory Medical Center Landmark in San Antonio.  The company also
manages its Victory Medical Center Beaumont and Houston-East,
which
are not part of the Chapter 11 filing and will be sold separately.

The Debtors tapped Hoover Slovacek, LLP, as counsel; Epiq
Bankruptcy Solutions, LLC, as claims agent; and Baker, Donelson,
Bearman, Caldwell & Berkowitz, PC, as special counsel.



VISUALANT INC: Gets Approval for Amended Certificate
----------------------------------------------------
Visualant, Incorporated, received approval from the State of Nevada
for the Company's Amended and Restated Certificate of Designations,
Preferences and Rights of its Series A Convertible Preferred Stock.
The Amended and Restated Certificate changed the conversion price
and the stated value from $0.10 (pre reverse stock split) to $30.00
(post-reverse stock split), and adding a provision adjusting the
conversion price upon the occurrence of certain events.

                    About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant reported a net loss of $1 million on $7.98 million of
revenue for the year ended Sept. 30, 2014, compared to a net loss
of $6.60 million on $8.57 million of revenue for the year ended
Sept. 30, 2013.

As of June 30, 2015, the Company had $2.6 million in total assets,
$5.6 million in total liabilities, all current, and a $3 million
total stockholders' deficit.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2014.  The independent auditors noted that
the Company has sustained a net loss from operations and has an
accumulated deficit since inception.  These factors, according to
the auditors, raise substantial doubt about the Company's ability
to continue as a going concern.


WAVE SYSTEMS: Initiates Major Corporate Restructuring
-----------------------------------------------------
Wave Systems Corp. announced that its Board of Directors and Senior
Management have initiated a global restructuring of the Company's
business in conjunction with a review of Wave's options for raising
capital and pursuing customer transactions and other strategic
alternatives.

Wave's restructuring involves immediate steps to reduce the
Company's global workforce by approximately 60% from 133 full time
employees and contractors to a core team of approximately 54
employees spread across all functional areas.  This core team was
specifically selected to maintain critical competencies in all
strategic technical, sales and administrative functions.  The
staffing reductions will include a combination of terminations and
furloughs, which will provide some flexibility to recall employees
if circumstances require.  The Company is also exploring potential
financing alternatives to bolster its working capital position.

Wave will focus its resources to support its core products, Wave
Virtual Smart Card, Wave Self-Encrypting Drive Management and Wave
Data Protection Suite software solutions, its key customers and
prospects for these solutions, along with a select group of
strategically important OEM partnerships.

In the face of difficulties in completing large enterprise sales
engagements for Wave's hardware-rooted security solutions,
management and the Board determined that Wave could no longer avoid
deep staffing cuts which are estimated to reduce quarterly
operating expenses by 50% to approximately $3.5 million per quarter
from approximately $7.0 million.

Bill Solms, Wave's CEO and President commented, "While we continue
to believe that Wave's software solutions provide strong and highly
differentiated solutions for network, device and data security,
delays in sales execution combined with waning financial strength
and access to capital required the Board to take these significant
actions.  We believe these measures will make our operations more
efficient for continuing work with existing customers and partners,
while also providing us with more time to explore options for
raising capital and pursuing customer transactions and other
strategic alternatives in a deliberate manner.  We believe that
this smaller, more agile team will put Wave in a better position to
pursue those options."

                      About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products for
hardware-based digital security, including security applications
and services that are complementary to and work with the
specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems reported a net loss of $12.9 million in 2014, a net
loss of $20.3 million in 2013 and a net loss of $34 million in
2012.

As of March 31, 2014, the Company had $8.74 million in total
assets, $17.1 million in total liabilities and a $8.37 million
total stockholders' deficit.

KPMG LLP, in Hartford, Connecticut, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that
Wave Systems Corp. 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.


WEST COAST: Further Amends Schedules of Assets and Liabilities
--------------------------------------------------------------
West Coast Growers, Inc., filed with the U.S. Bankruptcy Court for
the Eastern District of California a further amendment to its
schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $12,091,374
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $49,991,474
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $461,321
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $10,032,980
                                 -----------      -----------
        TOTAL                    $12,091,374      $60,485,775

The Debtor previously disclosed total assets of  $12,091,374 in
assets and $59,616,599 in liabilities in a prior iteration of the
schedules.

                      About West Coast Growers

West Coast Growers, Inc., a Kerman, California-based processor and
distributor of California raisins, sought Chapter 11 bankruptcy
protection (Bankr. E.D. Cal. Case No. 15-11079) on March 20, 2015,
in Fresno, California.  The case is assigned to Judge W. Richard
Lee.

Related entity Salwasser, Inc. (the 100% shareholder of WCG) also
sought bankruptcy protection on March 20, 2015 (Case No.
15-11080).  Charlotte Ellen Salwasser filed a Chapter 11 petition
(Case No. 15-10705) on Feb. 26, 2015.  Ms. Salwasser an husband
George Salwasser are the principals and 50% shareholders of
Salwasser, Inc.  Mr. Salwasser is the president of WCG, and Ms.
Salwasser is the vice president and secretary of WCG.

Hagop T. Bedoyan, Esq., Jacob L. Eaton, Esq., at Lisa A. Holder,
Esq., at Klein, Denatale, Goldner, Cooper, Rosenlieb & Kimball,
LLP, serve as West Coast Growers' attorneys.  Peter L. Fear, Esq.,
at Fear Law Group, P.C., represents Salwasser as counsel.

The U.S. Trustee for Region 17 appointed two creditors to serve on
the official committee of unsecured creditors.



WESTMORELAND COAL: Shareholder Seeks Immediate Company Sale
-----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Charles Frischer disclosed that as of July 27, 2015, he
beneficially owned 1,205,700 shares of common stock of
Westmoreland Coal Company, which represents 6.7 percent of the
shares outstanding.

On July 26, 2015 Mr. Frischer sent a letter to the Issuer's chief
executive officer requesting that the Issuer take certain actions
to enhance shareholder value:

   1. Explore an immediate sale of the company for a price in
      excess of $31 per share.

   2. Add two additional members to the Board of Directors at
      Westmoreland Coal who are large shareholders.  

   3. Send a list of current shareholders to his attention.

   4. Schedule a 4-hour investor day during the month of August to

      fully and completely outline the investment merits of
      Westmoreland Coal to the Company's existing and potentially
      New shareholder base.

   5. Create a new investor-relations position at Westmoreland
      Coal/Resources who can address issues from shareholders
      without taking up the valuable time of executive management.

   6. Immediately accelerate negotiations to change the
      Westmoreland Coal line of credit/revolver to allow a buyback

      program.

A copy of the regulatory filing is available at:

                      http://goo.gl/82HCpQ

                     About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest  
independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland Coal Company reported a net loss applicable to common
shareholders of $173 million in 2014, a net loss applicable to
common shareholders of $6.05 million in 2013 and a net loss
applicable to common shareholders of $8.58 million in 2012.

As of March 31, 2015, Westmoreland Coal had $1.82 billion in total
assets, $2.21 billion in total liabilities, and a $389 million
total deficit.

                           *     *     *

As reported by the TCR on Nov. 20, 2014, Standard & Poor's Rating
Services raised its corporate credit rating on Westmoreland Coal
Co. one-notch to 'B' from 'B-'.  "The stable outlook is supported
by Westmoreland's committed sales position over the next year,
which should result in stable cash flows," said Standard & Poor's
credit analyst Chiza Vitta.

Moody's upgraded the corporate family rating (CFR) of Westmoreland
Coal Company to 'B3' from 'Caa1', and assigned 'Caa1' rating to
the company's proposed new $300 million First Lien Term Loan, the
TCR reported on Nov. 20, 2014.  The upgrade of the CFR reflects the
company's successful integration of the Canadian mines acquired in
April 2014, and Moody's expectation that the company's Debt/ EBITDA
will track at around 5x in 2015 and 2016 and that the
company will be break-even to modestly free cash flow positive
over the same time period.


WPCS INTERNATIONAL: Posts $11.3 Million Net Loss for Fiscal 2015
----------------------------------------------------------------
WPCS International Incorporated filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss attributable to the Company's common shareholders of $11.3
million on $24.4 million of revenue for the year ended
April 30, 2015, compared with a net loss attributable to the
Company's common shareholders of $11.2 million on $15.7 million of
revenue for the year ended April 30, 2014.

As of April 30, 2015, the Company had $15.1 million in total
assets, $15.3 million in total liabilities and a $139,064 total
deficit.

As of April 30, 2015, the Company had a working capital deficiency
of approximately $1,246,000, which consisted of current assets of
approximately $14,006,000 and current liabilities of $15,252,000.
This compares to a working capital of approximately $611,000 at
April 30, 2014.  The current liabilities as presented in the
audited balance sheet at April 30, 2015, primarily include
approximately $1,703,000 of short-term promissory notes, $5,711,000
of liabilities held for sale (primarily associated with our China
Operations), $5,409,000 of accounts payable and accrued expenses
and $678,000 of dividends payable.

The Company's cash and cash equivalents balance at April 30, 2015,
was $2,364,000.

A copy of the Form 10-K is available at http://goo.gl/ozJwxH

                About WPCS International Incorporated

WPCS -- http://www.wpcs.com/-- operates in two business segments  
including: (1) providing communications infrastructure contracting
services to the public services, healthcare, energy and corporate
enterprise markets worldwide; and (2) developing a Bitcoin trading
platform.

WPCS International incurred a net loss attributable to common
shareholders of $11.2 million for the year ended April 30, 2014,
as compared with a net loss attributable to common shareholders of
$6.91 million for the year ended April 30, 2013.


YRC WORLDWIDE: Posts $26 Million Net Income for Second Quarter
--------------------------------------------------------------
YRC Worldwide Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $26 million on $1.2 billion of operating revenue for the three
months ended June 30, 2015, compared to a net loss of $4.9 million
on $1.3 billion of operating revenue for the same period in 2014.

For the six months ended June 30, 2015, YRC Worldwide reported net
income of $4.4 million on $2.4 billion of operating revenue
compared to a net loss of $75.1 million on $2.5 billion of
operating revenue for the same period last year.

As of June 30, 2015, the Company had $1.9 billion in total assets,
$2.4 billion in total liabilities and a $445.2 million total
shareholders' deficit.

"During the second quarter of this year, we continued to see
success in executing our freight mix and yield improvement strategy
and equally important improving our safety performance which in
turn increased our operating income by $36.9 million to $56.9
million," said James Welch, chief executive officer of YRC
Worldwide.  "Additionally, we continued to reinvest in our fleet,
make incremental investments in high return technology projects and
are nearing completion of the in-cab safety solutions pilot for our
existing fleet.  We are accomplishing all of this while improving
our liquidity," continued Welch.  "However, as we move forward, we
must continue to invest in our most valuable asset, our employees,
through continuous training, employee engagement strategies and
communication.  We believe these investments will help drive
productivity, service and quality improvements and allow us to
continue to build on our current operating momentum and results,"
concluded Welch.

A copy of the Form 10-Q is available at http://goo.gl/LVfE9j

                        About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that offers
its customers a wide range of transportation services.  These
services include global, national and regional transportation as
well as logistics.

YRC Worldwide reported a net loss attributable to common
shareholders of $85.8 million in 2014, a net loss attributable to
common shareholders of $83.6 million in 2013 and a net loss
attributable to common shareholders of $140.4 million in 2012.

                            *    *    *

As reported by the TCR on Feb. 18, 2014, Moody's Investors Service
had upgraded the Corporate Family Rating for YRC Worldwide Inc.
("YRCW") from Caa3 to B3, following the successful closing of its
refinancing transactions.

In the Jan. 31, 2014, edition of the TCR, Standard & Poor's
Ratings Services said that it raised its ratings on Overland Park,
Kansas-based less-than-truckload (LTL) trucker YRC Worldwide Inc.
(YRCW), including the corporate credit rating to 'CCC+' from
'CCC', and removed them from CreditWatch negative, where they were
placed on Jan. 10, 2014.  "The upgrades reflect YRCW's improved
liquidity position and minimal debt maturities as a result of its
proposed refinancing," said Standard & Poor's credit analyst Anita
Ogbara.


[^] BOND PRICING: For Week From July 27 to 31, 2015
---------------------------------------------------
  Company                 Ticker  Coupon Bid Price  Maturity Date
  -------                 ------  ------ ---------  -------------
A-S Co-Issuer
  Subsidiary Inc /
  A-S Merger Sub LLC      ALIANT   7.875   106.346     12/15/2020
ACE Cash Express Inc      AACE    11.000    48.750       2/1/2019
Affinion Investments LLC  AFFINI  13.500    45.375      8/15/2018
Alpha Natural
  Resources Inc           ANR      6.000     3.676       6/1/2019
Alpha Natural
  Resources Inc           ANR      9.750     2.000      4/15/2018
Alpha Natural
  Resources Inc           ANR      6.250     2.500       6/1/2021
Alpha Natural
  Resources Inc           ANR      7.500     8.250       8/1/2020
Alpha Natural
  Resources Inc           ANR      3.750     1.000     12/15/2017
Alpha Natural
  Resources Inc           ANR      7.500    15.000       8/1/2020
Alpha Natural
  Resources Inc           ANR      4.875     4.125     12/15/2020
Alpha Natural
  Resources Inc           ANR      7.500    25.500       8/1/2020
Altegrity Inc             USINV   14.000    52.250       7/1/2020
Altegrity Inc             USINV   13.000    48.000       7/1/2020
Altegrity Inc             USINV   14.000    51.750       7/1/2020
American Eagle
  Energy Corp             AMZG    11.000    35.000       9/1/2019
American Eagle
  Energy Corp             AMZG    11.000    35.500       9/1/2019
Arch Coal Inc             ACI      7.000    11.220      6/15/2019
Arch Coal Inc             ACI      7.250     8.000      10/1/2020
Arch Coal Inc             ACI      9.875    14.100      6/15/2019
Arch Coal Inc             ACI      7.250    10.631      6/15/2021
Arch Coal Inc             ACI      8.000    14.875      1/15/2019
Arch Coal Inc             ACI      8.000    21.280      1/15/2019
Avon Products Inc         AVP      3.125   100.000      3/15/2016
BPZ Resources Inc         BPZR     8.500    12.000      10/1/2017
BPZ Resources Inc         BPZR     6.500     7.250       3/1/2015
Black Elk Energy Offshore
  Operations LLC /
  Black Elk Finance Corp  BLELK   13.750    32.500      12/1/2015
Bristow Group Inc         BRS      3.000    98.000      6/15/2038
Caesars Entertainment
  Operating Co Inc        CZR     10.000    30.500     12/15/2018
Caesars Entertainment
  Operating Co Inc        CZR     10.750    29.500       2/1/2016
Caesars Entertainment
  Operating Co Inc        CZR     12.750    32.000      4/15/2018
Caesars Entertainment
  Operating Co Inc        CZR      6.500    39.125       6/1/2016
Caesars Entertainment
  Operating Co Inc        CZR      5.750    40.000      10/1/2017
Caesars Entertainment
  Operating Co Inc        CZR     10.000    30.250     12/15/2018
Caesars Entertainment
  Operating Co Inc        CZR     10.000    25.000     12/15/2015
Caesars Entertainment
  Operating Co Inc        CZR      5.750    12.250      10/1/2017
Caesars Entertainment
  Operating Co Inc        CZR     10.000    30.375     12/15/2018
Caesars Entertainment
  Operating Co Inc        CZR     10.750    29.500       2/1/2016
Caesars Entertainment
  Operating Co Inc        CZR     10.000    30.375     12/15/2018
Caesars Entertainment
  Operating Co Inc        CZR     10.000    29.500     12/15/2018
Cal Dive
  International Inc       CDVI     5.000     0.500      7/15/2017
Champion
  Enterprises Inc         CHB      2.750     0.250      11/1/2037
Chassix Holdings Inc      CHASSX  10.000     8.000     12/15/2018
Chassix Holdings Inc      CHASSX  10.000     8.000     12/15/2018
Chassix Holdings Inc      CHASSX  10.000     8.000     12/15/2018
Claire's Stores Inc       CLE      8.875    43.500      3/15/2019
Claire's Stores Inc       CLE     10.500    61.250       6/1/2017
Colt Defense LLC /
  Colt Finance Corp       CLTDEF   8.750    28.030     11/15/2017
Colt Defense LLC /
  Colt Finance Corp       CLTDEF   8.750    30.625     11/15/2017
Colt Defense LLC /
  Colt Finance Corp       CLTDEF   8.750    30.625     11/15/2017
Community Choice
  Financial Inc           CCFI    10.750    42.462       5/1/2019
Comstock Resources Inc    CRK      7.750    33.830       4/1/2019
Constellation
  Enterprises LLC         CONENT  10.625    86.250       2/1/2016
Dendreon Corp             DNDN     2.875    69.000      1/15/2016
EPL Oil & Gas Inc         EXXI     8.250    48.750      2/15/2018
EXCO Resources Inc        XCO      7.500    42.250      9/15/2018
Endeavour
  International Corp      END     12.000    11.500       3/1/2018
Endeavour
  International Corp      END     12.000     9.750       3/1/2018
Endeavour
  International Corp      END     12.000     9.750       3/1/2018
Energy Conversion
  Devices Inc             ENER     3.000     7.875      6/15/2013
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc             TXU     10.000     1.875      12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc             TXU     10.000     1.875      12/1/2020
Energy XXI Gulf
  Coast Inc               EXXI     9.250    36.815     12/15/2017
Energy XXI Gulf
  Coast Inc               EXXI     7.500    19.605     12/15/2021
Energy XXI Gulf
  Coast Inc               EXXI     7.750    24.865      6/15/2019
FBOP Corp                 FBOPCP  10.000     1.843      1/15/2009
FairPoint
  Communications Inc/Old  FRP     13.125     1.879       4/2/2018
Federal Farm
  Credit Banks            FFCB     2.450   100.130       8/6/2020
Federal Home Loan Banks   FHLB     1.085   100.004       2/5/2018
First Tennessee
  Capital II              FHN      6.300    93.000      4/15/2034
Fleetwood
  Enterprises Inc         FLTW    14.000     3.557     12/15/2011
GT Advanced
  Technologies Inc        GTAT     3.000    24.875      10/1/2017
Gevo Inc                  GEVO     7.500    59.500       7/1/2022
Goodrich Petroleum Corp   GDP      8.875    30.250      3/15/2019
Goodrich Petroleum Corp   GDP      5.000    35.000      10/1/2032
Gymboree Corp/The         GYMB     9.125    35.805      12/1/2018
Hercules Offshore Inc     HERO     8.750    30.500      7/15/2021
Hercules Offshore Inc     HERO    10.250    32.500       4/1/2019
Hercules Offshore Inc     HERO     8.750    34.000      7/15/2021
Hercules Offshore Inc     HERO    10.250    29.875       4/1/2019
James River Coal Co       JRCC     3.125     0.001      3/15/2018
Las Vegas Monorail Co     LASVMC   5.500     1.026      7/15/2019
Lehman Brothers
  Holdings Inc            LEH      5.000     9.125       2/7/2009
Lehman Brothers
  Holdings Inc            LEH      4.000     9.125      4/30/2009
MF Global Holdings Ltd    MF       6.250    15.000       8/8/2016
MF Global Holdings Ltd    MF       3.375    15.000       8/1/2018
MF Global Holdings Ltd    MF       9.000    15.000      6/20/2038
MModal Inc                MODL    10.750    10.125      8/15/2020
Magnetation LLC /
  Mag Finance Corp        MAGNTN  11.000    31.000      5/15/2018
Magnetation LLC /
  Mag Finance Corp        MAGNTN  11.000    25.000      5/15/2018
Magnetation LLC /
  Mag Finance Corp        MAGNTN  11.000    25.000      5/15/2018
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC        MPO     10.750    35.000      10/1/2020
Molycorp Inc              MCP     10.000    15.875       6/1/2020
Molycorp Inc              MCP      5.500     0.500       2/1/2018
Nine West Holdings Inc    JNY      6.875    40.967      3/15/2019
Noranda Aluminum
  Acquisition Corp        NOR     11.000    36.250       6/1/2019
OMX Timber Finance
  Investments II LLC      OMX      5.540    17.250      1/29/2020
Peabody Energy Corp       BTU      6.000    36.500     11/15/2018
Peabody Energy Corp       BTU      6.500    28.125      9/15/2020
Peabody Energy Corp       BTU      4.750    11.100     12/15/2041
Penn Virginia Corp        PVA      7.250    40.300      4/15/2019
Penn Virginia Resource
  Partners LP / Penn
  Virginia Resource
  Finance Corp            ETP      6.500   107.500      5/15/2021
Powerwave
  Technologies Inc        PWAV     2.750     0.125      7/15/2041
Powerwave
  Technologies Inc        PWAV     1.875     0.125     11/15/2024
Powerwave
  Technologies Inc        PWAV     1.875     0.125     11/15/2024
Quicksilver
  Resources Inc           KWKA     9.125    10.000      8/15/2019
Quicksilver
  Resources Inc           KWKA    11.000     9.500       7/1/2021
Quiksilver Inc /
  QS Wholesale Inc        ZQK     10.000    24.875       8/1/2020
RadioShack Corp           RSH      6.750     0.750      5/15/2019
RadioShack Corp           RSH      6.750     0.659      5/15/2019
RadioShack Corp           RSH      6.750     0.659      5/15/2019
Sabine Oil & Gas Corp     SOGC     7.250    21.750      6/15/2019
Sabine Oil & Gas Corp     SOGC     9.750    15.500      2/15/2017
Sabine Oil & Gas Corp     SOGC     7.500    22.125      9/15/2020
Sabine Oil & Gas Corp     SOGC     7.500    20.875      9/15/2020
Sabine Oil & Gas Corp     SOGC     7.500    20.875      9/15/2020
SandRidge Energy Inc      SD       7.500    29.750      3/15/2021
SandRidge Energy Inc      SD       8.750    32.500      1/15/2020
Saratoga Resources Inc    SARA    12.500     8.000       7/1/2016
Savient
  Pharmaceuticals Inc     SVNT     4.750     0.225       2/1/2018
SquareTwo Financial Corp  SQRTW   11.625    56.000       4/1/2017
Star Gas Partners LP /
  Star Gas Finance Co     SGU      8.875   100.500      12/1/2017
Swift Energy Co           SFY      7.125    35.000       6/1/2017
Swift Energy Co           SFY      7.875    24.000       3/1/2022
Swift Energy Co           SFY      8.875    25.000      1/15/2020
TMST Inc                  THMR     8.000    12.000      5/15/2013
Terrestar Networks Inc    TSTR     6.500    10.000      6/15/2014
Texas Competitive
  Electric Holdings Co
  LLC / TCEH
  Finance Inc             TXU     15.000    15.000       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc             TXU     10.500    12.188      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc             TXU     15.000    15.000       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc             TXU     10.500    11.250      11/1/2016
Venoco Inc                VQ       8.875    22.189      2/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     11.750    40.500      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     11.750    45.000      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     11.750    23.000      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     11.375    30.045       8/1/2016
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS      8.750    12.438       2/1/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     11.750    22.875      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     11.750    22.875      1/15/2019
Walgreen Co               WBA      1.800   100.656      9/15/2017
Walter Energy Inc         WLTG     9.875     1.250     12/15/2020
Walter Energy Inc         WLTG    11.000     3.625       4/1/2020
Walter Energy Inc         WLTG     8.500     2.000      4/15/2021
Walter Energy Inc         WLTG    11.000     5.000       4/1/2020
Walter Energy Inc         WLTG     9.875     1.105     12/15/2020
Walter Energy Inc         WLTG     9.875     1.105     12/15/2020


                            *********

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.

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 nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

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 2015.  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 ***