TCR_Public/150814.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, August 14, 2015, Vol. 19, No. 226

                            Headlines

800 BUILDING: Court Supplements Building Sale Order
800 BUILDING: Tikijian Associates Approved as Real Estate Broker
808 RENEWABLE ENERGY: MaloneBailey Expresses Going Concern Doubt
ADVANCED MICRO: Approves Equity Awards for Executive Officers
ALPHA NATURAL: Sept. 1 Final Hearing on DIP Financing Request

ALTEGRITY INC: Committee Withdraws Bid to Retain Berkeley Research
ALTEGRITY INC: Files Supplemental Application to Hire PwC
AMERICAN APPAREL: Delays Second Quarter Form 10-Q Filing
AMERICAN APPAREL: Moody's Cuts Corporate Family Rating to Caa3
ANCESTRY.COM INC: Moody's Rates Proposed $835MM Secured Loans 'Ba3'

ANDEANGOLD LTD: Continues Search for New Chief Financial Officer
ARCHDIOCESE OF MILWAUKEE: Cemeteries Contribute $16M to Deal
ATLANTIC & PACIFIC: Seeking Changes to Union Contracts
ATLANTIC & PACIFIC: Union in Talks on Deals with Prospect Buyers
BLUE SUN ST. JOE: Has Interim OK to Tap $500K in DIP Loans

BOMBARDIER INC: S&P Lowers CCR to 'B', Outlook Negative
BOOMERANG TUBE: Patriot Transit Sells $3,000 Claim to DACA VI
BPZ RESOURCES: Won't File 10-Q Report; May File Plan by Sept. 8
BROADWAY FINANCIAL: Reports Increased Profits for 2nd Quarter
BUILDING #19: $98K in Claims Switched Hands Between July & August

CAESARS ENTERTAINMENT: Bankruptcy Probe Can Include 2008 LBO
CAESARS ENTERTAINMENT: District Judges in Race to Control Ch. 11
CAMP INVESTORS II: S&P Assigns 'CCC' Rating on $200MM PIK Notes
CANAL ASPHALT: Asks Court to Set Claims Bar Date
CANAL ASPHALT: Proposes $14M Private Sale of Asphalt Plant

CARLSTAR GROUP: Moody's Affirms B2 CFR & B2 Sr. Sec. Notes Rating
CASA EN DENVER: Court Approves Chief Engineer for FCC Matters
COMDISCO HOLDING: Reports Financial Results for Fiscal Q3 of 2015
CROSBY NATIONAL: Texas Judge Rails Against Big Cases in NY, Del.
CUI GLOBAL: Incurs $504K Net Loss in Second Quarter

DESIGNLINE CORP: Ch. 11 Trustee Sues Transportation Secretary
DORAL FINANCIAL: Court Approves FirstBank Settlement Agreement
DTS8 COFFEE: Appoints New CEO and Looks to Accelerate Growth
DUCOMMUN INC: Moody's Assigns B1 Ratings on $475MM 1st Lien Loans
DUFF & PHELPS: Moody's Changes Outlook on B2 Rating to Negative

EARL GAUDIO: Seeks Disallowance of WBL's $482K Claim
EMERALD INVESTMENTS: Ch.11 Trustee Can Hire Colliers as Broker
ENDEAVOUR INT'L: To Give U.K. Assets to Lenders, Dismiss Ch. 11
ENERGY FUTURE HOLDINGS: Seeks Court's OK to Enter Into Settlement
ENERGY FUTURE: Files 3rd Amended Plan, Disclosure Statement

ENERGY FUTURE: Hunt, Creditors Pledge $12BB Funding, Acquire TCEH
ENERGY FUTURE: Other Funding Arrangements Disclosed
ENERGY FUTURE: Terms of Ovation Deal, Rights Offering & Backstop
ENERGY FUTURE: Terms of Settlement Agreement With Creditors
ESTERLINA VINEYARDS: Case Summary & 20 Largest Unsecured Creditors

EURAMAX INT'L: S&P Raises Corp. Credit Rating to B-, Outlook Stable
EXCEL TRUST: S&P Affirms 'BB+' Corporate Credit Rating
FCC HOLDINGS: Moody's Withdraws Caa1 Rating on Sr. Unsecured Notes
FOUNDATION HEALTHCARE: Reports Second Quarter 2015 Results
GREENWAY PARK: Case Summary & Largest Unsecured Creditor

GULF PACKAGING: Court Approves Crowe Horwath as Panel's Advisor
HERCULES OFFSHORE: Case Summary & 35 Largest Unsecured Creditors
HERCULES OFFSHORE: Files Chapter 11 Prepack Reorganization Plan
IMRIS INC: Panel Can Hire Emerald Capital as Advisors
INFOR (US): Moody's Says No Change to B1 Ratings on Note Offering

INFOR INC: Moody's Lowers Corp. Family Rating to B3, Outlook Stable
INFOR INC: S&P Retains B Rating Following $500MM Notes Upsize
INSITE VISION: Meeting Set for Sept. 30 to Approve QLT Merger
INSITE VISION: Reports Second Quarter 2015 Financial Results
INVESTVIEW INC: Auditor Expresses Going Concern Doubt

JOHN CLEMENTE: Dismissal of Legal Malpractice Claim Affirmed
JOHN S. STRITZINGER: Bankruptcy Appeal Dismissed
KEURIG GREEN: S&P Withdraws 'BB' Corporate Credit Rating
KIPP LA: S&P Raises Rating on Revenue Bonds From 'BB+'
LAUREL VALLEY: McIntosh's Bids to Exclude Testimonies Denied

LOTON CORP: Li and Company Expresses Going Concern Doubt
LPATH INC: Incurs $2.6 Million Net Loss in Second Quarter
LPATH INC: May Issue 1.7 Million Shares Under Incentive Plan
MA LERIN: US Trustee Fails to Form Creditor's Committee
MEDICAL CASE MGMT: Case Summary & 7 Top Unsecured Creditors

MEDICURE INC: Posts C$441K Net Income for 2nd Quarter
MOHEGAN TRIBAL: Moody's Affirms 'B3' Corporate Family Rating
MOLYCORP: Gets Final Approval to Obtain $135 Million Loan
MOLYCORP: US Trustee to Continue Creditors Meeting on Sept. 16
MOTORS LIQUIDATION: Has $786M in Net Assets in Liquidation

MSAA PARTNERS: Case Summary & 20 Largest Unsecured Creditors
MUSCLEPHARM CORP: Files Copy of Presentation with SEC
NAVISTAR INTERNATIONAL: Amends Credit Agreement with JPMorgan
NNN MET CENTER: Seeks Joint Administration of 33 Ch. 11 Cases
NORTEL NETWORK: $93,000 in Claims Transferred in July 2015

NORTEL NETWORK: Tannor Buys $69,000 Claim from Peopleclick
ONEOK INC: S&P Affirms 'BB+' Corporate Credit Rating
ORLANDO CITY: Moody's Affirms Ba2 Rating on $32.6MM 2nd Lien Bonds
OWENS-ILLINOIS INC: Moody's Rates $1-Bil. Unsecured Notes 'B1'
PACIFIC GREEN: Files Amendment to Dec. 31 Quarterly Report

PACIFIC GREEN: Files Amendment to June 30 Quarterly Report
PACIFIC GREEN: Files Amendment to Sept. 30 Quarterly Report
PANDA SHERMAN: S&P Puts 'B' Loan Rating on CreditWatch Negative
PARKVIEW ADVENTIST: CMHC Seeks Dismissal of Cash Collateral Motion
PARKVIEW ADVENTIST: Seeks Approval to Sell Hospital to Mid Coast

PARKVIEW ADVENTIST: Sues CMHC to Clawback $30-Mil. in Payment
PATRIOT COAL: Pitches for Approval to Backtop $50M Offerings
PENN VIRGINIA: Moody's Lowers Corporate Family Rating to 'Caa1'
PEREGRINE PHARMACEUTICALS: E&Y Expresses Going Concern Doubt
PINE NEEDLES: Case Summary & 3 Largest Unsecured Creditors

PORTER BANCORP: Maria Bouvette Reports 14.9% Stake as of Aug. 4
PREMIER GOLF: Seeks Ch. 11 Case Dismissal, Approval of Settlement
PRESIDENTIAL REALTY: Incurs $140,000 Net Loss in Second Quarter
RADIOSHACK CORP: Plan & Disclosures Hearing Set for Sept. 16
RCS CAPITAL: Moody's Affirms 'B3' Rating on $575MM 1st Lien Loan

RCS CAPITAL: S&P Revises Outlook to Negative & Affirms 'B' ICR
RELATIVITY MEDIA: Has Until Sept. 13 to File Schedules
RENTECH NITROGEN: S&P Affirms 'B-' CCR & Revises Outlook to Pos.
RREAF O&G: Interim Use of Cash Collateral Allowed Until Sept. 23
SANTA CRUZ BERRY: Sept. 21 Hearing on Stay Motion Approved

SANUWAVE HEALTH: Incurs $1.5 Million Net Loss in Second Quarter
SEARS HOLDINGS: SVP and President Home Appliances Services Quits
SOLAR POWER: Files Financial Statements of Solar Juice
SOUTHERN REGIONAL: Gemino Seeks Adequate Protection
SUNGARD DATA: Moody's Puts B2 CFR on Review for Upgrade

SUNGARD DATA: S&P Puts 'B+' CCR on CreditWatch Positive
THERAKOS INC: Moody's Puts 'B3' CFR Under Review for Upgrade
TITAN INT'L: S&P Lowers Corp. Credit Rating to 'B-', Outlook Stable
UNION DENTAL: Files Assignment of Assets for Benefit of Creditors
UNIVERSAL ACADEMY: S&P Lowers Rating on 2013 Rev. Bonds to 'BB+'

VARIANT HOLDING: Has Until Dec. 23 to File Plan
VERITEQ CORP: Ned Siegel Reports 9.6% Stake as of August 10
VERTICAL COMPUTER: Amends Loan Agreement with Lakeshore
VULCAN MATERIALS: Moody's Hikes Corporate Family Rating to Ba2
WALTER ENERGY: Meeting of Creditors Set for Aug. 20

WALTER ENERGY: PBGC, Nelson Bros. Appointed to Creditors Committee
WEST CORP: Reports Second Quarter 2015 Results
WET SEAL: Disclosure Statement Hearing Set for Sept. 11
WINHA INT'L: Marcum Bernstein Expresses Going Concern Doubt
[^] BOOK REVIEW: Oil Business in Latin America: The Early Years


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800 BUILDING: Court Supplements Building Sale Order
---------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
supplemented its order authorizing The 800 Building, LLC, to sell
its real property commonly known as the 800 Building located at 800
South 4th Street, Louisville, Kentucky, stating that the Debtor is
authorized to:

   i) assume and assign contracts and leases;

  ii) use the proceeds of the sale; and

iii) pay a cure amounts in accordance with the terms of the sale
order and the agreement.

As reported in the Troubled Company Reporter on June 18, 2015, the
Debtor received court approval to sell the property for $20.65
million.  The order allowed the company to sell the property to 800
City Apartments LLC.  The property was supposed to be sold at an
auction on June 8, with 800 City's $20.65 million offer serving as
the stalking horse bid.  The apartment owner canceled the auction
after it didn't receive competing bids, according to court
filings.

A large chunk of the sale proceeds will be used to pay off the loan
extended by Republic Bank of Chicago, which is owed more than
$15.46 million.  Meanwhile, International Bank of Chicago will
receive payment in full of its $472,380 loan.

                     About The 800 Building

The 800 Building, LLC, owns and operates two adjacent but related
rental properties in downtown Louisville, Kentucky: (a) a 246-unit
residential apartment building known as The 800 Building, with a
street address of 800 South 4th Street; and (b) a 48-slot parking
garage, with a street address of 820 South 4th Street.  The company
is owned by Leon and Helen Petcov and is managed by Leon Petcov.

The 800 Building, LLC sought Chapter 11 protection (Bankr. N.D.
Ill. Case No. 15-17314) on May 15, 2015.  The Debtor disclosed
$21,564,298 in assets and $33,706,487 in liabilities as of the
Chapter 11 filing.

The case is assigned to Judge Pamela S. Hollis.  The Debtor tapped
Phillip W. Nelson, Esq., at Locke Lord LLP, in Chicago, as
counsel.



800 BUILDING: Tikijian Associates Approved as Real Estate Broker
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
authorized The 800 Building, LLC, to employ Tikijian Associates as
real estate broker, nunc pro tunc to the Petition Date.

On May 21, 2015, the Court entered an order in connection with the
sale motion that, among other things (a) approved 800 City
Apartments LLC as the stalking-horse bidder for the sale of The 800
Building; and (b) approved bidding procedures for the sale and bid
protections for the stalking-horse bidder.

As reported in the Troubled Company Reporter on June 18, 2015, the
property was supposed to be sold at an auction on June 8, with 800
City's $20.65 million offer serving as the stalking horse bid.  The
Debtor canceled the auction after it didn't receive competing bids,
according to court filings.  Tikijian Associates is expected to
move the sale process forward expeditiously.

Pursuant to the terms of the exclusive sales listing agreement
dated Aug. 15, 2014, Tikijian Associates' compensation will be
limited to a flat-fee commission of $400,000 (approximately 1.94 %
of the gross purchase price), payable upon a successful closing of
the sale.  

The listing agreement originally called for a 2.5% commission
(which would have resulted in a commission of $516,250 based on the
proposed sale price), and Tikijian Associates agreed to reduce the
negotiated commission down to a flat $400,000 (a reduction of
$116,250) to assist the Debtor in addressing the additional costs
associated with the chapter 11 filing.

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

                     About The 800 Building

The 800 Building, LLC, owns and operates two adjacent but related
rental properties in downtown Louisville, Kentucky: (a) a 246-unit
residential apartment building known as The 800 Building, with a
street address of 800 South 4th Street; and (b) a 48-slot parking
garage, with a street address of 820 South 4th Street.  The company
is owned by Leon and Helen Petcov and is managed by Leon Petcov.

The 800 Building, LLC sought Chapter 11 protection (Bankr. N.D.
Ill. Case No. 15-17314) on May 15, 2015.  The Debtor disclosed
$21,564,298 in assets and $33,706,487 in liabilities as of the
Chapter 11 filing.

The case is assigned to Judge Pamela S. Hollis.  The Debtor tapped
Phillip W. Nelson, Esq., at Locke Lord LLP, in Chicago, as
counsel.



808 RENEWABLE ENERGY: MaloneBailey Expresses Going Concern Doubt
----------------------------------------------------------------
808 Renewable Energy Corporation filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K for the fiscal
year ended Dec. 31, 2014.

The Company reported a net loss of $4.55 million on $415,000 of net
revenue in 2014, compared with a net loss of $1.2 million on $1.06
million of net revenue in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $7.26 million
in total assets, $487,000 in total liabilities and total
stockholders' equity of $6.77 million.

MaloneBailey, LLP, expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company has
suffered recurring losses from operations and negative cash flows
from operations.

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

                       http://is.gd/4rq4w4

Garden Grove, Calif.-based 808 Renewable Energy Corporation --
http://www.808renewableenergy.com/-- engages in the design,
construction, engineering, and management of energy systems in the
United States.  Its energy systems produce electricity, gas, heat,
or cooling from renewable sources of energy.  The company is also
involved in the purchase and sale of power generation equipment.



ADVANCED MICRO: Approves Equity Awards for Executive Officers
-------------------------------------------------------------
The Compensation and Leadership Resources Committee of the Board of
Directors of Advanced Micro Devices, Inc. approved equity awards
with a target value to each of the following named executive
officers:

                                                   Target Value
                                                   ------------
Devinder Kumar                                      $2,000,000
Chief Financial Officer
Senior Vice President and Treasurer

Forrest E. Norrod                                   $2,000,000
Senior Vice President and
General Manager, Enterprise,
Embedded and Semi-Custom Business Group

Mark D. Papermaster                                 $2,000,000
Chief Technology Officer and
Senior Vice President, Technology and
Engineering

On Aug. 6, 2015, the Board of Directors of the Company approved
equity awards to Dr. Lisa T. Su, the Company's Chief Executive
Officer and President, having a Target Value as follows:

                                                   Target Value
                                                   ------------
Dr. Lisa T. Su                                       $6,000,000
Chief Executive Officer and President

The Target Value of each named executive officer's equity awards
will be converted into a mix of performance-based restricted stock
units, time-based restricted stock units and stock options.  The
target number of PRSUs will be determined by dividing 50% of the
Target Value by the average closing price of the Company's common
stock for the 180 days preceding the grant date, the number of
stock options will be determined by converting 25% of the Target
Value using the Conversion Price and a binomial factor determined
in accordance with the Company's equity valuation practices, and
the number of RSUs will be determined by dividing 25% of Target
Value by the Conversion Price.  The equity awards will be granted
under the Advanced Micro Devices, Inc. 2004 Equity Incentive Plan,
as amended and restated.  The PRSUs will be granted on Aug. 15,
2015.  The stock options will be granted to Messrs. Kumar, Norrod
and Papermaster on Aug. 15, 2015, and to Dr. Su on Dec. 26, 2015.
The RSUs will be granted on Dec. 26, 2015.

The number of PRSUs that may be earned is based on three-year
compounded annual growth rate milestones related to the Company's
closing stock price that may be attained within the three-year
performance period that begins Aug. 15, 2015, and ends Aug. 15,
2018, with the potential payout levels of PRSUs at 50%, 100%, 200%
and 250% of the target number of PRSUs granted.

Any PRSUs earned pursuant to the attainment of a performance level
will vest 50% upon the compensation committee certification of the
attainment of the performance level (provided, however, that no
PRSUs may be earned or vest prior to Aug. 15, 2016) and the
remaining 50% will vest at the end of the Performance Period,
subject to the recipient's continuous employment or service through
each such vesting date.

The stock options will have an exercise price equal to 100% of the
fair market value of the Company's common stock on the grant date,
and will vest 33 1/3% on the first anniversary of the grant date,
and 8.33% per quarter over the next eight following quarters.

The RSUs will vest 1/3 on each of the first, second and third
anniversaries of the grant date.

                    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 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.

                          *     *     *

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.


ALPHA NATURAL: Sept. 1 Final Hearing on DIP Financing Request
-------------------------------------------------------------
Judge Kevin R. Huennekens of the U.S. Bankruptcy Court for the
Eastern District of Virginia, Richmond Division, will convene a
hearing on Sept. 1, 2015, at 11:00 a.m., to consider final approval
of Alpha Natural Resources, Inc., et al.'s request to obtain
postpetition financing and use cash collateral.

Judge Huennekens, on Aug. 4, gave the Debtors interim authority to
obtain up to an aggregate principal or face amount of (i) $108.0
million under the Term L/C Facility, (ii) $191.2 million under the
Second Out Facility, and (iii) $100.0 million of Bonding Facility
Letters of Credit.  The Debtors are also given interim authority to
use cash collateral securing their prepetition indebtedness.

Judge Huennekens also gave the Debtors interim authority to file
under seal a Fee Letter that accompanies the DIP Facility.

Any objections to the final approval of the financing request must
be filed with the Court on or before Aug. 20, 2015.

Any objections to the granting of the Debtors' request to file the
Fee Letter under seal on a final basis must be filed on or before
Aug. 25.  If no objections are timely filed and served, the Debtors
will subject to the Court a final order, which may be entered with
no further notice or opportunity to be heard afforded to any
party.

A full-text copy of the Interim DIP Financing Order is available at
http://bankrupt.com/misc/ALPHAdip0804.pdf

Counsel to the DIP Agent and the Prepetition Agent:

         Damian S. Schaible, Esq.
         Damon P. Meyer, Esq.
         DAVIS POLK AND WARDWELL LLP
         450 Lexington Avenue
         New York, NY 10017
         Email: damian.schaible@davispolk.com
                damon.meyer@davispolk.com

            -- and --

         Dion W. Hayes, Esq.
         Sarah B. Boehm, Esq.
         K. Elizabeth Sieg, Esq.
         MCGUIREWOODS LLP
         Gateway Plaza
         800 East Canal Street
         Richmond, VA 23219
         Email: dhayes@mcguirewoods.com
                sboehm@mcguirewoods.com
                bsieg@mcguirewoods.com

Counsel to the Second Lien Noteholder Group:

         Stephen E. Hessler, Esq.
         Brian E. Schartz, Esq.
         KIRKLAND & ELLIS LLP
         601 Lexington Avenue
         New York, NY 10022
         Email: stephen.hessler@kirkland.com
                brian.schartz@kirkland.com

            -- and --

         Gregory F. Pesce, Esq.
         KIRKLAND & ELLIS LLP
         300 North LaSalle
         Chicago, IL 60654
         Email: gregory.pesce@kirkland.com

Counsel to the Prepetition Receivables Facility Agent:

         Debora A. Hoehne, Esq.
         Debra A. Dandeneau, Esq.
         WEIL, GOTSHAL & MANGES LLP
         767 Fifth Avenue
         New York, NY 10153
         Email: debora.hoehne@weil.com
                debra.dandeneau@weil.com

A full-text copy of the Interim DIP Order with Budget is available
at http://bankrupt.com/misc/ALPHAdip0804.pdf

                      About Alpha Natural

Alpha Natural -- http://www.alphanr.com-- is a coal supplier,   
ranked second largest among publicly traded U.S. coal producers as
measured by 2014 consolidated revenues of $4.3 billion.  

Alpha Natural Resources, Inc. (Bankr. E.D. Va. Case No. 15-33896)
and its affiliates filed separate Chapter 11 bankruptcy petitions
on Aug. 3, 2015, listing $9.9 billion in total assets as of June
30, 2015, and $7.3 billion in total liabilities as of June 30,
2015.  The petition was signed by Richard H. Verheij, executive
vice president, general counsel and corporate secretary.

Judge Kevin R. Huennekens presides over the case.

David G. Heiman, Esq., Carl E. Black, Esq., and Thomas A. Wilson,
Esq., at Jones Day serve as the Debtors' general counsel.

Tyler P. Brown, Esq., J.R. Smith, Esq., Henry P. (Toby) Long, III,
Esq., and Justin F. Paget, Esq., serve as the Debtors' local
counsel.  Rothschild Group is the Debtors' financial advisor.
Alvarez & Marshal Holdings, LLC, is the Debtors' investment banker.
Kurtzman Carson Consultants, LLC, is the Debtors' claims and
noticing agent.


ALTEGRITY INC: Committee Withdraws Bid to Retain Berkeley Research
------------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Altegrity, Inc., et al., notified the U.S. Bankruptcy
Court for the District of Delaware that it has withdrawn its motion
seeking permission to retain Berkeley Research Group, LLC as
successor financial advisor.

On May 4, 2015, the Court authorized the Committee to retain
Capstone Advisory Group, LLC, together with its wholly owned
subsidiary Capstone Valuation Services, LLC, to serve as its
financial advisor.

Effective as of June 1, 2015, many of Capstone's members and
employees, including the Capstone personnel involved in the cases
joined BRG and ended their affiliation with Capstone.  To ensure
continuity of representation, the Committee has requested that BRG
substitute for Capstone as their financial advisors in the cases,
effective as of June 1, subject to the Court's approval.  The terms
of the proposed retention are identical in every respect to the
retention of Capstone, and no less favorable to the Debtors'
estates.

BRG's tasks include:

   a. advise and assist the Committee with respect to any
debtor-in-possession financing arrangements and use of cash;

   b. review cash disbursements on an on-going basis for the period
subsequent to the commencement of the cases; and

   c. advise and assist the Committee in its analysis and
monitoring of the Debtors' and non-Debtor affiliates' historical,
current and projected financial affairs, including, schedules of
assets and liabilities and statement of financial affairs.

The retention application says the firm would be paid a fixed
monthly fee of $75,000/month plus reimbursement for its
out-of-pocket expenses.

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

                     About Altegrity Inc.

Altegrity Inc. provides background investigations for the U.S.
government; employment background and mortgage screening for
commercial customers; technology-driven legal services and software
for data management; and investigative, analytic, consulting, due
diligence, and security services.  Altegrity is principally owned
by investment funds affiliated with Providence Equity Partners.

Altegrity Inc. and 37 of its affiliates filed Chapter 11
Bankruptcy petitions (Bankr. D. Del. Lease Case No. 15-10226) on
Feb. 8, 2015.

Jeffrey S. Campbell signed the petitions as president and chief
financial officer.  The Debtors disclosed total assets of $1.7
billion and total liabilities of $2.1 billion as of June 30, 2014.

M. Natasha Labovitz, Esq., Jasmine Ball, Esq., and Craig A.
Bruens, Esq., at Debevoise & Plimpton LLP serve as the Debtors'
counsel.  Joseph M. Barry, Esq., Ryan M. Bartley, Esq., and Edmon
L. Morton, Esq., at Young, Conaway, Stargatt & Taylor, LLP, act as
the Debtors' Delaware and conflicts counsel.  Stephen Goldstein
and
Lloyd Sprung, at Evercore Group, LLC, are the Debtors' investment
bankers.  Kevin M. McShea and Carrianne J. M. Basler, at
Alixpartners LLP serve as the Debtors' restructuring advisors.  

Prime Clerk LLC is the Debtors' claims and noticing agent.
PricewaterhouseCoopers LLP serves as the Debtors' independent
auditors.

The Bankruptcy Court has scheduled for May 5, 2015, the hearing to
consider the approval of the disclosure statement explaining the
Debtor's plan, which proposes to liquidate the US Investigations
Services.  Land Line relates that USIS lost key federal background
check contracts.

The U.S. Trustee for Region 3 appointed six creditors to serve on
the official committee of unsecured creditors.  The Creditors'
Committee retained Wilmer Cutler Pickering Hale & Dorr LLP, as
lead
counsel, and Bayard, P.A., as Delaware co-counsel.

                           *     *     *

Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware on May 15, 2015, approved the disclosure
statement explaining Altegrity, Inc., et al.'s Joint Chapter 11
Plan.  A hearing to confirm the Plan was scheduled for July 1,
2015.

As reported in the April 1, 2015 edition of the Troubled Company
Reporter, the Debtors filed a Joint Chapter 11 Plan and
accompanying disclosure statement that will delever the Company by
approximately $700 million, or 40% of the Debtors' outstanding
debt.

The Plan provides for a 2.2% estimated recovery of allowed general
unsecured claims, which total approximately $82,510,532.  Holders
of Secured Third Lien Notes Claims are poised to recover 7.7% of
their estimated $66,304,133 total amount of claims.  Holders of
Secured Second Lien Notes Claims are poised to recover 48.4% of
their estimated $519,265,011 total amount of claims.

A full-text copy of the Disclosure Statement dated May 16, 2015,
is available at http://bankrupt.com/misc/ALTEGRITYds0516.pdf


ALTEGRITY INC: Files Supplemental Application to Hire PwC
---------------------------------------------------------
Altegrity Inc. and its debtor-affiliates filed with the U.S.
Bankruptcy Court for the District of Delaware a supplemental
application for entry of an order to employ PricewaterhouseCoopers
LLP as their independent auditor and financial consultant.

A hearing is set for Aug. 18, 2015, at 11:00 a.m. (EST) to consider
approval of the Debtors' request.  Objections, if any, are due Aug.
10, 2015, at 4:00 p.m. (EST).

The Debtors noted that the Court approved, on March 20, 2015, their
original request to employ the firm.

Under the supplemental request, the firm will provide these
services:

     i) The Controls Testing Services

As reflected in the Controls Testing Engagement Letter, Debtor
Kroll Inc. has retained PwC to provide certain controls testing
services relating to its data center infrastructure system located
in Eden Prairie, MN and Brooklyn Park, MN, including the
following:

          a) Examining Kroll Inc.'s description of the Data Center
and the suitability of design and operating effectiveness of
controls to meet the criteria for the security principle set forth
in TSP Section 100; and

          b) Issuing a report stating whether: (i) the description
fairly represents the Data Center; (ii) the controls Kroll stated
in the description are suitably designed and implemented to provide
reasonable assurance that the applicable trust services criteria
would be met if the controls operated effectively throughout the
period January 19, 2015 to July 18, 2015; and (iii) the controls
tested, which were those necessary to provide reasonable assurance
that the applicable trust services criteria were met, operated
effectively throughout the period January 19, 2015 to July 18,
2015.

    ii) The Bankruptcy Tax Services

As reflected in the Bankruptcy Tax Statement of Work, the Debtors
have requested that PwC expand the scope of services provided under
the engagement letter, dated January 23, 2015,including preparing
written limited scope tax opinions on the following:

          a) The tax treatment of the sale of 100 percent of the
issued and outstanding membership interests of Altegrity
Acquisition LLC to New Altegrity Holdco 3 in exchange for New
Altegrity Holdco 1 stock;

          b) The application of IRC Section 269 to the Sale of
Altegrity Acquisition LLC;

          c) The application of IRC Section 7701(o) to the Sale of
Altegrity Acquisition LLC;

          d) The tax treatment of the conversion of Altegrity, Inc.
into a limited liability company;

          e) The "amount realized" on the conversion of Altegrity,
Inc. into a limited liability company; and

          f) Any other opinions upon request and mutual agreement.

   iii) The Audit Services

As reflected in the Audit Services Engagement Letter, the Debtors
have requested that PwC provide certain auditing services relating
to the Debtors' 2015 year-end audit, including the following:

          a) Auditing the consolidated financial statements of the
Debtors at September 30, 2015 and for the year then ending, and
providing the Debtors with an audit report related to those
financial statements;

          b) Auditing the consolidated financial statements of the
Debtors for the period from October 1, 2014 to the date of
reorganization under the Bankruptcy Code; and

          c) Providing the Debtors with audit reports on the
financial statements conducted under accounting principles
generally accepted in the United States.

    iv) The Transfer Pricing Services and the Consulting and
Implementation Services

As reflected in the Transfer Pricing Engagement Letters, the
Debtors have requested that PwC provide certain services, including
the following:

          a) Analyzing the arms' length nature of certain
intercompany services transactions between the Debtors' various
subsidiaries and foreign affiliates during the fiscal year
September 30, 2015;

          b) Preparing transfer pricing documentation under
standard contained in IRC Section 482 and the United States
Treasury Regulations promulgated thereunder and the requirements
outlined in IRC Section 6662 and the United Statements Treasury
Regulations promulgated thereunder; and

          c) Assisting in updating and reviewing the analysis
related to certain intercompany services transactions as of the end
of the third quarter of fiscal year ending September 30, 2015 and
as of fiscal year-end, respectively.

In addition to the Transfer Pricing Services, PwC will provide
certain services related to ongoing transfer pricing implementation
and consulting, which will be performed only as needed and upon
request, including the following:

          a) Addressing and assisting with the transfer pricing
issues related to the Debtors' global operations;

          b) Responding to inquiries by U.S. and foreign tax
authorities; and

          c) Advising on intercompany charges.

Professional Compensation

          a) Under the terms and conditions of the controls testing
engagement letter, the Debtors and PwC agreed to compensate the
Controls Testing Services based on a "fixed fee" structure, in the
aggregate amount of $140,000, 50% of which will be invoiced upon
approval of this Supplemental Application by the Court, and the
remaining professional fee balance, including any out-of-pocket
expenses, will be invoiced in August 2015.

          b) Under the terms and conditions of the Bankruptcy Tax
Statement of Work, PwC and the Debtors have agreed upon the
following hourly rates, consistent with the Tax Compliance
Engagement Letter, as approved under the Original Order:

                       Applicable
Personnel             Hourly Rates
---------             ------------
Partner                   $975
Managing Director         $900
Director                  $850
Manager                   $700
Senior Associate          $500
Associate                 $325

          c) Under the Audit Services Engagement Letter, the
Debtors have agreed to an estimated initial funding amount of
$500,000, which will be billed in two monthly invoices to the
Debtors upon approval by this Court.  PwC will update the Debtors
on their total fee estimate as the audit progresses and such
estimate will be determined based on future discussion with the
Debtors' management.  Such revisions will be set forth in the form
of an amendment to the Audit Services Engagement Letter.

          d) Under the Kroll Transfer Pricing Engagement Letter,
PwC has estimated the
following amounts for rendering the Kroll Transfer Pricing
Services:

Tasks                      Fees
-----                 ---------------
Assistance with        $20,000-$23,000
review of FY15
charges:
FY15 Documentation     $30,000-$34,000

Total fee range:       $50,000-$57,000

          e) Under the HireRight Transfer Pricing Engagement
Letter, PwC has estimated the following amounts for rendering the
HireRight Transfer Pricing Services:

Tasks                      Fees
-----                 ---------------
Fact-finding           $12,000-$16,000
interviews:
Assistance with FY15   $16,000-$20,000
charge computation:
Preparation of FY15    $24,000-$28,000
US/OECD documentation
report:

Total fee range:       $52,000- 64,000

          f) Under the Transfer Pricing Engagement Letters, PwC and
the Debtors have agreed upon the following rates for the Consulting
and Implementation Services:

                       Applicable
Personnel             Hourly Rates
---------             ------------
Partner                 $828–$908
Managing Director       $770
Director                $552
Manager                 $448
Senior Associate        $345
Associate               $253

In addition to the fees, the Debtors will reimburse PwC for any
necessary and reasonable out-of-pocket expenses, any applicable
sales, use or value added tax, and PwC's internal per ticket
charges for booking travel. PwC will follow its customary expense
reimbursement guidelines and practices in seeking expense
reimbursement from the Debtors.

The Debtors assure the Court that the firm does not hold any
adverse interest to the estate, and is a "disinterested person"
within the meaning of Section 101(14) of the Bankruptcy Code.

                     About Altegrity Inc.

Altegrity Inc. provides background investigations for the U.S.
government; employment background and mortgage screening for
commercial customers; technology-driven legal services and software
for data management; and investigative, analytic, consulting, due
diligence, and security services.  Altegrity is principally owned
by investment funds affiliated with Providence Equity Partners.

Altegrity Inc. and 37 of its affiliates filed Chapter 11 Bankruptcy
petitions (Bankr. D. Del. Lease Case No. 15-10226) on Feb. 8,
2015.

Jeffrey S. Campbell signed the petitions as president and chief
financial officer.  The Debtors disclosed total assets of $1.7
billion and total liabilities of $2.1 billion as of June 30, 2014.

M. Natasha Labovitz, Esq., Jasmine Ball, Esq., and Craig A. Bruens,
Esq., at Debevoise & Plimpton LLP serve as the Debtors' counsel.
Joseph M. Barry, Esq., Ryan M. Bartley, Esq., and Edmon L. Morton,
Esq., at Young, Conaway, Stargatt & Taylor, LLP, act as the
Debtors' Delaware and conflicts counsel.  Stephen Goldstein and
Lloyd Sprung, at Evercore Group, LLC, are the Debtors' investment
bankers.  Kevin M. McShea and Carrianne J. M. Basler, at
Alixpartners LLP serve as the Debtors' restructuring advisors.  

Prime Clerk LLC is the Debtors' claims and noticing agent.
PricewaterhouseCoopers LLP serves as the Debtors' independent
auditors.

The Bankruptcy Court has scheduled for May 5, 2015, the hearing to
consider the approval of the disclosure statement explaining the
Debtor's plan, which proposes to liquidate the US Investigations
Services.  Land Line relates that USIS lost key federal background
check contracts.

The U.S. Trustee for Region 3 appointed six creditors to serve on
the official committee of unsecured creditors.  The Creditors'
Committee retained Wilmer Cutler Pickering Hale & Dorr LLP, as lead
counsel, and Bayard, P.A., as Delaware co-counsel.

                           *     *     *

Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware on May 15, 2015, approved the disclosure
statement explaining Altegrity, Inc., et al.'s Joint Chapter 11
Plan.  A hearing to confirm the Plan was scheduled for July 1,
2015.

As reported in the April 1, 2015 edition of the Troubled Company
Reporter, the Debtors filed a Joint Chapter 11 Plan and
accompanying disclosure statement that will delever the Company by
approximately $700 million, or 40% of the Debtors' outstanding
debt.

The Plan provides for a 2.2% estimated recovery of allowed general
unsecured claims, which total approximately $82,510,532.  Holders
of Secured Third Lien Notes Claims are poised to recover 7.7% of
their estimated $66,304,133 total amount of claims.  Holders of
Secured Second Lien Notes Claims are poised to recover 48.4% of
their estimated $519,265,011 total amount of claims.

A full-text copy of the Disclosure Statement dated May 16, 2015, is
available at http://bankrupt.com/misc/ALTEGRITYds0516.pdf


AMERICAN APPAREL: Delays Second Quarter Form 10-Q Filing
--------------------------------------------------------
American Apparel, Inc., disclosed with the Securities and Exchange
Commission that it has determined that it is unable to file its
quarterly report on Form 10-Q for the fiscal quarter ended
June 30, 2015, within the prescribed time period without
unreasonable effort or expense.  The Company currently intends to
file the Q2 2015 Form 10-Q within five calendar days of its
prescribed due date.

During the preparation and review of its interim financial
statements for the fiscal quarter ended June 30, 2015, the Company
identified potential non-compliance with its covenants for certain
minimum financial ratios contained in its asset-backed revolving
credit facility with Capital One Business Credit Corp., and the
Company has been in ongoing discussions with Capital One and other
financial stakeholders regarding potential waivers to such facility
that may be required by such potential defaults.

Additionally, the Company said it has been working with its
advisers and has begun discussions with certain key financial
stakeholders to analyze potential strategic and financial
alternatives, which may include, among other things, refinancing or
new capital raising transactions, amendments to or restructuring of
its existing indebtedness and other obligations, and consideration
of other restructuring and recapitalization transactions.

As of Aug. 11, 2015, substantial uncertainty exists as to the
ultimate outcome of the Company's discussions with Capital One and
our other financial stakeholders, and there are no assurances that
such efforts will result in any transaction or agreement, or that
any such transaction or agreement, if proposed or implemented, will
be successful.  The Company does not currently expect that it will
have sufficient financing commitments to meet funding requirements
for the next twelve months without raising additional capital or
entering into some other financing transaction or agreement, and
there can be no assurances that it will be able to raise such
additional capital or refinance its obligations.  In addition,
whether or not any such transactions or agreements were implemented
or successful, the Company's existing and any new investors could
suffer substantial or total losses of their investment in its
common stock.

Net sales for the three months ended June 30, 2015, are estimated
at $134 million, a decrease of approximately 17%, or $28 million,
from the same period in 2014.

Loss from operations for the three months ended June 30, 2015, is
estimated at $13 million as compared to income from operations of
$3 million for the same period in 2014.

Net loss for the three months ended June 30, 2015 is estimated at
$19 million (approximately $0.11 per share) as compared with $16
million (approximately $0.09 per share) for the same period in
2014.

Net sales for the six months ended June 30, 2015, are estimated at
$259 million, a decrease of 14%, or $41 million, from the same
period in 2014.

Net loss for the six months ended June 30, 2015, is estimated at
$46 million (approximately $0.26 per share) as compared with $22
million (approximately $0.14 per share) for the same period in
2014.

                      About American Apparel

American Apparel is a vertically-integrated manufacturer,
distributor, and retailer of branded fashion basic apparel based
in downtown Los Angeles, California.  As of Sept. 30, 2014,
American Apparel had approximately 10,000 employees and operated
245 retail stores in 20 countries including the United States and
Canada.  American Apparel also operates a global e-commerce site
that serves over 60 countries worldwide at
http://www.americanapparel.com. In addition, American Apparel     

operates a leading wholesale business that supplies high quality
T-shirts and other casual wear to distributors and screen
printers.

Amid liquidity problems and declining sales, American Apparel in
early 2011 reportedly tapped law firm Skadden, Arps, Slate,
Meagher & Flom and investment bank Rothschild Inc. for advice on a
restructuring.

In April 2011, American Apparel said it raised $14.9 million in
rescue financing from a group of investors led by Canadian
financier Michael Serruya and private equity firm Delavaco Capital
Corp., allowing the casual clothing retailer to meet obligations
to its lenders for the time being.  Under the deal, the investors
were buying 15.8 million shares of common stock at 90 cents
apiece.  The deal allows the investors to purchase additional
27.4 million shares at the same price.

American Apparel reported a net loss of $68.8 million in 2014, a
net loss of $106 million in 2013 and a net loss of $37.3
million in 2012.

As of March 31, 2015, the Company had $271 million in total
assets, $416 million in total liabilities and a $144 million total
stockholders' deficit.

                           *     *     *

The TCR reported on Nov. 21, 2013, that Moody's Investors Service
downgraded American Apparel Inc.'s corporate family rating to
Caa2.  The clothing retailer's probability of default was also
lowered one level and the outlook is negative.

As reported by the TCR on Sept. 2, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating on Los Angeles-based
American Apparel Inc. to 'CCC-' from 'CCC'.  The outlook is
negative.


AMERICAN APPAREL: Moody's Cuts Corporate Family Rating to Caa3
--------------------------------------------------------------
Moody's Investors Service downgraded ratings of American Apparel,
Inc., including the Corporate Family rating, which was downgraded
to Caa3 from Caa2, and left the ratings on review for further
downgrade.

Issuer: American Apparel, Inc.

Downgrades:

Probability of Default Rating, Downgraded to Caa3-PD from Caa2-PD;
Placed Under Review for further Downgrade

Corporate Family Rating, Downgraded to Caa3 from Caa2; Placed Under
Review for further Downgrade

Senior Secured Regular Bond/Debenture, Downgraded to Caa3(LGD3)
from Caa2(LGD3); Placed Under Review for further Downgrade

Outlook Actions:

Outlook, Changed To Rating Under Review From Negative

RATINGS RATIONALE

"T[he] rating actions are in reaction to the company's filing []
for an extension of its Q2 10Q, which was made necessary due to
potential non-compliance with the covenants under its Capital One
revolving credit facility at second quarter-end," stated Moody's
Vice President Charlie O'Shea. "We believe that the likelihood of
some sort of restructuring ahead of the upcoming October interest
payment on the bonds is acute. The company's liquidity is presently
untenable given the possible lack of revolver access due to the
potential covenant breach, which further exacerbates what is an
unsustainable capital structure at current levels of operating
performance. The fact that Standard General intends to step into
Capital One's shoes as revolver provider by purchasing its
interests further heightens the risk of a restructuring as the
specter of a loan to own scenario increases, which we believe would
significantly impair existing bondholders. Our review will focus on
the company's progress as it deals with its myriad liquidity and
operating issues, particularly as they relate to the ability to
make the upcoming $13 million interest payment."

American Apparel's Caa3 Corporate Family Rating highlights the
company's fragile liquidity, as well as its unsustainable capital
structure at present levels of operating performance. In addition,
the ratings continue to consider the ongoing negative effects of
its protracted corporate governance issues. Given the significant
liquidity, operating, and governance issues that continue, an
upgrade in the near term is unlikely. Ratings could be confirmed if
the company is able to craft a reasonable solution to its liquidity
challenges such that bondholders are not impaired. Ratings could be
downgraded if liquidity weakens further, which would increase the
potential for a distressed exchange or other form of default.

Headquartered in Los Angeles, California, American Apparel, Inc. is
a retailer and wholesaler of fashion basics.


ANCESTRY.COM INC: Moody's Rates Proposed $835MM Secured Loans 'Ba3'
-------------------------------------------------------------------
Moody's Investors Service assigned Ba3 ratings to Ancestry.com
Inc.'s (Ancestry) proposed $100 million senior secured revolving
credit facility ("Revolver") and $735 million senior secured term
loan B credit facility ("TLB") and affirmed the B2 corporate family
rating ("CFR"). Moody's also affirmed Ancestry's B3 rated senior
unsecured notes ("Notes") and Caa1 rated payment-in-kind notes
("PIK") at Ancestry.com Holdings LLC ("Holdings"). The rating
outlook is stable.

The proceeds from the proposed TLB and approximately $52.5 million
of cash from Ancestry's balance sheet will be used to refinance
existing debt at Ancestry and pay an approximate $215 million
dividend. The revolver is expected to be undrawn at closing.

RATINGS RATIONALE

Ancestry's B2 CFR reflects the company's high leverage, with debt
to EBITDA (Moody's adjusted) of about 6x pro forma LTM June 30,
2015, stemming from i) the company's proposed debt-funded
shareholder distribution in 2015, ii) another debt-funded
shareholder distribution in 2013 and iii) the company's leveraged
buyout in December 2012. The ratings are supported by the company's
leading market position in the online genealogical market,
consistent cash flow generation, a good operating outlook and solid
liquidity.

Driven by Ancestry's currently 2.2 million plus customer base,
subscription model, and good subscriber retention rates, Moody's
expects revenue growth in the mid single digit range with EBITDA
margins in the low to mid 30% range. Although Moody's expects
Ancestry to generate consistent free cash flow, material debt
reductions beyond the required 1% per annum amortization on the
proposed senior secured TLB are unlikely, as the company will
likely be fairly aggressive in spending in order to expand into new
geographies and markets. Consequently, Moody's expects debt to
adjusted EBITDA to improve to the mid 5x level over the next year
and free cash flow to debt in the low single digit range
(calculated using Moody's standard adjustments). The potential for
further debt funded shareholders distributions is a rating
constraint.

Ancestry is expected to maintain a good liquidity profile as a
result of steady free cash flow generation, significant cash
balances and substantial availability on the revolver. As of June
2015 and pro forma for the dividend, the company had $61.3 million
of cash and cash equivalents and Moody's expects free cash flow of
approximately $50 million to $75 million over the next year.
Moody's does not expect material borrowings under the $100 million
revolver to fund operations, although it may be used to fund the
acquisition of data content or other business acquisitions.

The stable outlook reflects Moody's expectations that Ancestry will
maintain its leading market position in its niche segment and
generate mid-to-high single digit revenue growth, EBITDA margins in
the low-to-mid 30% range, and consistent levels of free cash flow.
It also incorporates expectations that management will not engage
in debt financed acquisitions outside the scope of its revolving
credit facility and that the company will maintain a good liquidity
profile. We expect that debt to EBITDA (Moody's adjusted) will
decline to about the mid 5x level over the next year.

The ratings could be upgraded if Ancestry is likely to sustain
mid-single digit revenue growth and maintain EBITDA margins of
approximately 30%, while achieving and sustaining adjusted debt to
EBITDA below 4.0x and maintaining a good liquidity profile. A
commitment by the private equity sponsor to maintain conservative
financial policies would also be needed.

The ratings could be lowered if there is a deterioration in
business fundamentals evidenced by subscriber or revenue declines
and EBITDA margins falling below 25%. Additionally, a more
aggressive use of financial leverage such that debt to EBITDA
(Moody's adjusted) is sustained above 6.5 times could pressure the
rating downward.

The following ratings were affirmed:

Issuer: Ancestry.com Inc.

Corporate Family Rating - B2

Probability of Default Rating - B2-PD

Speculative Grade Liquidity Rating: SGL-2

Senior Unsecured Notes due 2020: - B3 (LGD 4)

Issuer -- Ancestry.com Holdings LLC

Senior Unsecured PIK Notes due 2018- Caa1 (LGD 5)

The following ratings were assigned:

Issuer: Ancestry.com Inc.

Senior Secured Term Loan B due 2022- Ba3 (LGD 2)

Senior Secured Revolving Credit Facility due 2020- Ba3 (LGD 2)

The following ratings will be withdrawn, upon closing the new
credit facilities:

Issuer -- Ancestry.com Inc.

Senior Secured Term Loans due 2018 - Ba2 (LGD 2)

Senior Secured Revolving Credit Facility due 2017: - Ba2 (LGD 2)

The Outlook is Stable for the following:

Issuers: Ancestry.com Inc. and Ancestry.com Holdings LLC

Ancestry, the world's largest online family history resource with
over 2.2 million paying subscribers around the world as of June
2015, is owned by Permira Advisers, LLC (primarily) and Spectrum
Equity Investors V, LP. Ancestry operates websites accessible
worldwide, with a particular focus currently in the US, UK,
Australia, Canada, and Sweden. For LTM June 30, 2015 Ancestry
generated revenues of about $644 million.



ANDEANGOLD LTD: Continues Search for New Chief Financial Officer
----------------------------------------------------------------
AndeanGold Ltd. on Aug. 13 disclosed that, further to its news
release of August 4, 2015 announcing the delay in the filing date
of its audited financial statements and the subsequent granting of
a Management Cease Trade Order by the British Columbia Securities
Commission on July 30, 2015, the Company is continuing its search
for a new Chief Financial Officer and is endeavoring to complete
its audit as early as is practicable.

                     About AndeanGold Ltd.

AndeanGold Ltd. -- http://www.andeangoldltd.com-- is engaged in
the acquisition, exploration and potential development of base --
and precious-metals properties, principally in Peru and Ecuador.
The focus of the Company's current exploration activities is in
advancing its Urumalqui Project in La Libertad, Peru.

In Ecuador, the Company's activities have been limited to
maintaining its three properties in good standing.

AndeanGold Ltd. trades with symbol AAU on the TSX Venture Exchange
and currently has 112,046,579 shares outstanding (132,987,757 fully
diluted).



ARCHDIOCESE OF MILWAUKEE: Cemeteries Contribute $16M to Deal
------------------------------------------------------------
Bill Rochelle, a bankruptcy columnist for Bloomberg News, reported
that the Archdiocese of Milwaukee should emerge from bankruptcy
around year-end, wrapping up an almost five-year excursion through
Chapter 11 to deal with clergy sexual-abuse claims, following its
announcement that it has reached a $21 million settlement through
mediation with the official creditors' committee representing abuse
claimants.

According to the report, the archdiocese said it will file a
revised Chapter 11 plan on Aug. 24, so a bankruptcy judge can
approve the reorganization in November.  To fund the plan, the
archdiocese will get about $11 million from a settlement with
insurance companies under a deal that cuts off further liability
under the policies for abuse claims, the archdiocese's chief of
staff, Jerry Topczewski, said in a phone interview with Bloomberg.
In addition, a cemetery trust will kick in total of $16 million,
consisting of a $3 million loan, $8 million to settle a
fraudulent-transfer suit and $5 million to reimburse the
archdiocese for costs to maintain the burial grounds, Topczewski
said, the report related.

              About the Archdiocese of Milwaukee

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

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

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

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.

The Official Committee of Unsecured Creditors in the bankruptcy
case has retained Pachulski Stang Ziehl & Jones LLP as its
counsel, and Howard, Solochek & Weber, S.C., as its local
counsel.

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


ATLANTIC & PACIFIC: Seeking Changes to Union Contracts
------------------------------------------------------
Joseph Checkler, writing for Dow Jones' Daily Bankruptcy Review,
reported that Great Atlantic & Pacific Tea Co. is seeking to modify
parts of its collective-bargaining agreements with union workers, a
likely precursor to a request for a bigger overhaul of the CBAs
later this month.

According to the report, in an Aug. 11 filing with U.S. Bankruptcy
Court in White Plains, N.Y., A&P said that for now, it only seeks
to change two provisions: one that allows senior employees in
stores that are closing to take positions of employees with less
seniority in other locations, and another regarding severance.  The
company wants the right to defer some severance payments to
laid-off employees, the report related.

                    About Atlantic & Pacific

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc., and its affiliates are one of the nation's oldest
leading supermarket and food retailers, operating approximately
300
supermarkets, beer, wine, and liquor stores, combination food and
drug stores, and limited assortment food stores across six
Northeastern states.  The primary retail operations consist of
supermarkets operated under a variety of well known trade names,
or
"banners," including A&P, Waldbaum's, SuperFresh, Pathmark, Food
Basics, The Food Emporium, Best Cellars, and A&P Liquors.  The
Company employs approximately 28,500 employees, over 90% of whom
are members of one of twelve local unions whose members are
employed by the Debtors under the authority of 35 separate
collective bargaining agreements.

Then with 429 stores, A&P and its affiliates filed Chapter 11
petitions (Bankr. S.D.N.Y. Case No. 10-24549) on Dec. 12, 2010,
and
in 2012 emerged from Chapter 11 bankruptcy as a privately held
company with 320 supermarkets.

On July 19, 2015, with 300 stores, A&P and 20 affiliated debtors
each filed a Chapter 11 petition (Bankr. S.D.N.Y.) after reaching
deals for the going concern sales of 120 stores.  The Debtors are
seeking joint administration under Case No. 15-23007.

As of Feb. 28, 2015, the Debtors reported total assets of $1.6
billion and liabilities of $2.3 billion.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel, Evercore
Group L.L.C., as investment banker, FTI Consulting, Inc., as
financial advisor, Hilco Real Estate, LLC, as real estate advisor,
and Prime Clerk LLC, as claims and noticing agent.


ATLANTIC & PACIFIC: Union in Talks on Deals with Prospect Buyers
----------------------------------------------------------------
Bill Rochelle, a bankruptcy columnist for Bloomberg News, reported
that Great Atlantic & Pacific Tea Co. said in a court filing that a
union representing 73% of its workforce is already in talks with
prospective buyers regarding new contracts.

The company said that if those discussions don't bear fruit, the
company intends to use bankruptcy court procedures to shed
collective-bargaining agreements, including its obligations to pay
for post-retirement health- and life-insurance benefits, the report
related.

                    About Atlantic & Pacific

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc., and its affiliates are one of the nation's oldest
leading supermarket and food retailers, operating approximately
300
supermarkets, beer, wine, and liquor stores, combination food and
drug stores, and limited assortment food stores across six
Northeastern states.  The primary retail operations consist of
supermarkets operated under a variety of well known trade names,
or
"banners," including A&P, Waldbaum's, SuperFresh, Pathmark, Food
Basics, The Food Emporium, Best Cellars, and A&P Liquors.  The
Company employs approximately 28,500 employees, over 90% of whom
are members of one of twelve local unions whose members are
employed by the Debtors under the authority of 35 separate
collective bargaining agreements.

Then with 429 stores, A&P and its affiliates filed Chapter 11
petitions (Bankr. S.D.N.Y. Case No. 10-24549) on Dec. 12, 2010,
and
in 2012 emerged from Chapter 11 bankruptcy as a privately held
company with 320 supermarkets.

On July 19, 2015, with 300 stores, A&P and 20 affiliated debtors
each filed a Chapter 11 petition (Bankr. S.D.N.Y.) after reaching
deals for the going concern sales of 120 stores.  The Debtors are
seeking joint administration under Case No. 15-23007.

As of Feb. 28, 2015, the Debtors reported total assets of $1.6
billion and liabilities of $2.3 billion.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel, Evercore
Group L.L.C., as investment banker, FTI Consulting, Inc., as
financial advisor, Hilco Real Estate, LLC, as real estate advisor,
and Prime Clerk LLC, as claims and noticing agent.


BLUE SUN ST. JOE: Has Interim OK to Tap $500K in DIP Loans
----------------------------------------------------------
Blue Sun St. Joe Refining, LLC, et al., sought and obtained interim
authority from Judge Arthur B. Federman of the U.S. Bankruptcy
Court for the Western District of Missouri, Kansas City Division,
to borrow postpetition financing up to $500,000 and use cash
collateral securing their prepetition indebtedness.

The Debtors will use the proceeds of the loan for (a) working
capital; (b) for payment of (i) costs of administration of the
Case, and (ii) the fees and expenses described under a Credit
Agreement; and (c) Prepetition obligations as the Court will
approve.

John and Joann Horton Family Limited Partnership committed to
extended up to $1.1 million in postpetition financing to the
Debtors.  The DIP Lender is a prepetition secured creditor by
virtue of an Amended and Restated Secured Demand Promissory Note
dated July 17, 2015 in the stated principal amount of $3,000,000.

The DIP Loan accrues interest at 10% with an increase to 15% while
any event of default exists.

If not paid sooner as provided in the Credit Agreement or any of
the Loan Documents, the principal balance outstanding, together
with all accrued interest and all other amounts owed under the
Credit Agreement will be due and payable on the earlier to occur
of: (1) the effective date of a plan of reorganization confirmed in
the Case, (2) entry of an order converting any of the cases to a
case under Chapter 7 of the Bankruptcy Code, (3) entry of an order
dismissing any of the cases, (4) entry of an order appointing an
interim or permanent trustee in the Case, or an examiner with
expanded powers to operate or manage the financial affairs,
business, or reorganization of Blue Sun Debtors, or (5) entry of an
order approving a sale of substantially all of the Blue Sun
Debtors' assets; or (ii) December 31, 2015.

A final hearing on the Motion will be on Aug. 18, 2015, at 9:30
a.m. (Central.).  Objections must be filed and served no later than
Aug. 14.

The Prepetition Lender and DIP Lender is represented by:

         Matthew V.P. McTygue, Esq.
         David W. Wirt, Esq.
         Aaron C. Smith, Esq.
         LOCKE LORD LLP
         111 South Wacker Drive
         Chicago, IL 60606
         Tel: (312) 443-0700
         Fax: (312) 443-0336
         Email: matt.mctygue@lockelord.com
                dwirt@lockelord.com
                asmith@lockelord.com

            -- and --

         David D. Ferguson, Esq.
         POLSINELLI PC
         900 W. 48th Place, Suite 900
         Kansas City, MO 64112
         Tel: (816) 360-4311
         Fax: (816) 753-1536
         Email: dferguson@polsinelli.com

Blue Sun St. Joe Refining, LLC, and its three affiliates sought
protection under Chapter 11 of the Bankruptcy Code on July 31, 2015
(Bankr. W.D. Mo., Case No. 15-42231).  The case is assigned to
Judge Arthur B. Federman.

The Debtors' general counsel is Jeffrey A. Deines, Esq., at Lentz
Clark Deines PA, in Overland Park, Kansas.  The Debtors' local
counsel is Todd A. Burgess, Esq., John R. Clemency, Esq., and
Lindsi M. Weber, Esq., at Gallagher & Kennedy, P.A., in Phoenix,
Arizona.


BOMBARDIER INC: S&P Lowers CCR to 'B', Outlook Negative
-------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its long-term
corporate credit rating on Montreal-based Bombardier Inc. to 'B'
from 'B+'.  The outlook is negative.

At the same time, S&P lowered its issue-level rating on the
company's senior unsecured debt to 'B' from 'B+'.  The recovery
rating on the debt is unchanged at '4', indicating S&P's
expectation for average (30%-50%; lower half of the range) recovery
in the event of a default.  

Standard & Poor's also lowered its ratings on Bombardier's global
scale preferred stock to 'CCC' from 'CCC+' and the company's
Canadian scale preferred stock to 'P-5' from 'P-5(High)'.

"The downgrade follows Bombardier's higher-than-expected cash use
of US$1.6 billion in the first half of 2015 and the company's
announced delay in the Global 7000 aircraft's schedule, reduced
margin guidance for the business jet segment, and reported weak net
orders of aircraft," said Standard & Poor's credit analyst Jamie
Koutsoukis.  "Given these results, we expect that Bombardier will
generate greater-than-expected negative free cash flow in fiscal
2015 and that it will continue to generate negative free cash flow
through 2017," Ms. Koutsoukis added.  In addition, S&P do not
expect a material improvement in credit measures over its outlook
period of the next 12-24 months.

S&P has reassessed its use of the comparable rating analysis (CRA)
modifier and has revised it to "neutral" from "positive."  S&P
bases the revised CRA on S&P's expectation of Bombardier's
continued weak profitability from what S&P believes are market
pressures in both transportation and aerospace segments, lower
aircraft deliveries, setbacks on key development programs, and
negative free cash flow through 2017.

The ratings on Bombardier reflect what S&P views as the company's
"fair" business risk profile and "highly leveraged" financial risk
profile.  S&P's Our ratings take into consideration the company's
leading market positions in the transportation and business
aircraft segments, as well as Bombardier's product range and
diversity.  These positives are offset, in part S&P believes, by
the continued execution risk associated with Bombardier's entry
into service of the CSeries jet, high leverage, and reported
profitability that has been weak in both the aerospace and
transportation divisions.

Bombardier manufactures transport equipment worldwide.  It operates
in two distinct industries: aerospace and rail.  It has 79
production and engineering sites in 27 countries, and a worldwide
network of service centers.  S&P views the industry risk as
"intermediate" and the country risk as "low."

The negative outlook reflects S&P's view that Bombardier is subject
to significant execution and performance risk, and S&P's belief
that Bombardier may be challenged to improve its profitability and
generate meaningful free cash flow in light of emerging endmarket
stresses particularly for the aerospace segments.  Furthermore, the
outlook incorporates S&P's opinion that, given Bombardier's
leverage and debt-to-cash flow metrics, there remains very limited
room for missteps on project execution or additional margin
deterioration beyond what S&P expects when the Cseries moves into
production.

S&P could lower its ratings on Bombardier should its new aircraft
programs not allow for profitable production, resulting in S&P's
reassessment of the company's business risk profile.  In addition,
S&P could take a negative rating action should Bombardier face
financing difficulties that result in liquidity pressures.

An outlook revision to stable would be contingent on Bombardier
being able to place the CSeries into service, effectively removing
the execution and cost risks associated with the program, combined
with generating sustained positive free cash flow.



BOOMERANG TUBE: Patriot Transit Sells $3,000 Claim to DACA VI
-------------------------------------------------------------
In the Chapter 11 case of Boomerang Tube, LLC, one claim switched
hands on July 31, 2015:

     Transferee                 Transferor          Claim Amount
     ----------                 ----------          ------------
DACA VI, LLC                Patriot Transit LLC        $3,025.00

                      About Boomerang Tube

Boomerang Tube, LLC, is a manufacturer of welded Oil Country
Tubular Goods ("OCTG") in the United States.  OCTG are used by
drillers in exploration and production of oil and natural gas and
consist of drill pipe, casing and tubing.  Boomerang has corporate
offices in Chesterfield, Missouri and manufacturing facilities in
Liberty, Texas, strategically located near major steel production
centers and end-user markets.  With a 487,000 square foot plant
that houses two mills and heat treat lines and a contingent 119
acres, these facilities constitute the second largest alloy OCTG
mill in North America.  Access Tubulars, LLC, owns 81% of the
equity interests in Boomerang.

Boomerang Tube and its subsidiaries BTCSP LLC and BT Financing
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
15-11247) on June 9, 2015, with a deal with lenders on a balance
sheet restructuring that would convert $214 million of debt to
100% of the common stock of the reorganized company. The cases are
assigned to Judge Mary F. Walrath.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, as
attorneys; Lazard Freres & Co. LLC, as financial advisor; and
Donlin, Recano & Co., Inc., as claims and noticing agent.


BPZ RESOURCES: Won't File 10-Q Report; May File Plan by Sept. 8
---------------------------------------------------------------
BPZ Resources, Inc. said in a regulatory filing with the Securities
and Exchange Commission that the Company has determined that it is
impracticable to file its Quarterly Report on Form 10-Q for the
quarter ended June 30, 2015, by the August 10, 2015 due date or
within the five calendar day extension permitted by the SEC rules.

On March 9, 2015, the Company filed a voluntary petition with the
United States Bankruptcy Court in the Southern District of Texas
under Chapter 11 of the Bankruptcy Code.  On June 12, 2015 the
Bankruptcy Court approved the Company's motion to, among other
things, approve the sale of substantially all of the Company's
assets. Accordingly, on July 8, following a bid and auction
process, the Bankruptcy Court entered an order, with respect to,
among other matters, the following:

     (i) approval of the Purchase and Sale Agreement between the
Company and Zedd Energy Holdco Ltd., a Cayman Islands exempted
limited company, as purchaser;

    (ii) approval of the Purchase and Sale Agreement by and between
Zorritos Peru Holdings Inc.;

   (iii) authorization of the sale of the Company's assets as
contemplated by the Purchase Agreement and Spin-Off Contract free
and clear of any claims, liens, interests and encumbrances; and

    (iv) authorization of the Company to take any action necessary
to consummate the transactions contemplated by the Purchase
Agreement and the Spin-Off Contract.

On July 30, 2015, the Company completed the transactions
contemplated by the Spin-Off Contract and on July 31, completed the
transactions contemplated by the Purchase Agreement.

As of the closing of the Spin-Off Contract and the Purchase
Agreement, the Company has no further business operations (other
than activities consistent with the winding up of its affairs).

The Company plans to file a Plan of Liquidation under Chapter 11 on
or before the Bankruptcy Court deadline, which has been extended to
September 8, 2015.

The Company anticipates that the net proceeds from the sales under
the Spin-Off Contract and the Purchase Agreement will be used to
pay the administrative claims of the bankruptcy estate and claims
of the Company's creditors, and expects that no assets will be
available for distribution to shareholders.

The Company also said it is suspending the filing of its regular
SEC periodic reports on Forms 10-Q and 10-K given the Company has
ceased to have an operating business based on the facts described
above, and the likelihood that shareholders will receive no value
for their shares. The Bankruptcy Case created obligations to file
monthly operating reports with the Bankruptcy Court and the Company
has used its limited financial and human resources to complete such
filings. The Company will continue filing Forms 8-K with respect to
monthly operating reports and material developments concerning the
Company until it has disposed of all remaining assets and is
dissolved, as expected under state law.  

As a result, the Company does not have the resources to and will
not file its Quarterly Report on Form 10-Q for the second quarter
of 2015 by the fifth calendar day following the required filing
date, as prescribed in Rule 12b-25.

                     About BPZ Resources

BPZ Energy -- http://www.bpzenergy.com/-- is an independent oil   

and gas exploration and production company which has license
contracts covering 1.9 million net acres in offshore and onshore
Peru.  BPZ Resources maintains an office in Victoria, Texas, and
through its subsidiaries maintains offices in Lima and Tumbes,
Peru, and Quito, Ecuador.

BPZ Resources sought Chapter 11 protection (Bankr. S.D. Tex. Case
No. 15-60016) in Victoria, Texas, on March 9, 2015.  The case is
pending before the Honorable David R. Jones.

The Debtor has tapped Stroock & Stroock & Lavan LLP as bankruptcy
counsel, Hawash Meade Gaston Neese & Cicack LLP, as local Texas
counsel, Houlihan Lokey Capital, Inc., as investment banker, Baker
Hostetler, as the audit committee's special counsel; and Kurtzman
Carson Consultants as claims and noticing agent.

The Debtor disclosed total assets of $364 million and debt of $275
million.

The U.S. trustee overseeing the Chapter 11 case of BPZ Resources
Inc. appointed five creditors of the company to serve on the
official committee of unsecured creditors.


BROADWAY FINANCIAL: Reports Increased Profits for 2nd Quarter
-------------------------------------------------------------
Broadway Financial Corporation reported net income of $1.2 million
on $4.1 million of interest income for the three months ended June
30, 2015, compared to net income of $59,000 on $3.8 million of
interest income for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported net
income of $2.5 million on $8 million of interest income compared to
net income of $1 million on $7.6 million of total interest income
for the same period in 2014.

Chief Executive Officer, Wayne Bradshaw commented, "During the
second quarter, we continued to solidify our position as a leader
in financing affordable housing in low-to-moderate income
communities throughout Southern California, leveraging our
established relationships with proven owners, operators and brokers
of smaller multi-family properties.  Concurrent with the growth in
our loan originations, which grew 62.9% in the second quarter and
58.1% in the first half over the comparable periods in 2014, we
have implemented additional plans to complete the foundation and
infrastructure of the Bank.  These ongoing initiatives include
upgrading our retail infrastructure to provide expanded digital
capabilities, diligently managing our expenses, and continuing our
proactive management of our remaining, reduced problem assets.  I
am pleased to report that, as of June 30, 2015, our total problem
assets were less than $9 million, or less than 2.5% of total
assets, including $5.7 million of problem loans for which the
borrowers were current in their payments.  Excluding these paying
loans, our problems assets were less than 1% of total assets at the
end of the quarter."

"I am also very pleased to report that during the second quarter
Ms. Erin Selleck joined the Board of Directors of the Company and
the Bank.  Ms. Selleck served, until 2014, as Senior Executive Vice
President and Treasurer, and member of the Executive Committee, for
Union Bank, a top-25 U.S. bank and the principal U.S. subsidiary of
Japan’s Mitsubishi UFJ Financial Group.  She brings a tremendous
wealth of experience to the Company, having successfully presided
over the 260% growth in Union Bank's assets during her tenure, and
having managed the Bank's $20 billion investment portfolio.  She is
serving on our Audit, Loan and Compliance Committees, and will be a
valuable resource for our management team and Board."

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

                         http://is.gd/BK8XZm

                      About Broadway Financial

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

As of March 31, 2015, the Company had $354.03 million in total
assets, $315.42 million in total liabilities and $38.6 million in
total stockholders' equity.

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

                         Regulatory Matters

As a result of significant deficiencies in the Company's and the
Bank's operations noted in a regulatory examination in early 2010,
the Company and the Bank were declared to be in "troubled
condition" and agreed to the issuance of the cease and desist
orders by the regulatory predecessor of the Office of the
Comptroller of the Currency for the Bank and the Board of Governors
of the Federal Reserve System for the Company effective Sept. 9,
2010, requiring, among other things, that the Company and the Bank
take remedial actions to improve the Bank's loan underwriting and
internal asset review procedures, to reduce the amount of its
non-performing assets and to improve other aspects of the Bank's
business, as well as the Company's management of its business and
the oversight of the Company's business by the Board of Directors.
Effective Oct. 30, 2013, the Order for the Bank was superseded by a
Consent Order entered into by the Bank with the OCC.  As part of
the Consent Order, the Bank is required to attain, and thereafter
maintain, a Tier 1 (Core) Capital to Adjusted Total Assets ratio of
at least 9% and a Total Risk-Based Capital to Risk-Weighted Assets
ratio of at least 13%, both of which ratios are greater than the
respective 4% and 8% levels for such ratios that are generally
required under OCC regulations.  The Bank's regulatory capital
exceeded both of these higher capital ratios at Dec. 31, 2014, and
2013.


BUILDING #19: $98K in Claims Switched Hands Between July & August
-----------------------------------------------------------------
In the Chapter 11 cases of Building #19, Inc., et al., 16 claims
switched hands between July 13 and Aug. 7, 2015:

     Transferee                 Transferor          Claim Amount
     ----------                 ----------          ------------
Argo Partners               E & E Bedding Co., Inc.   $10,710.00

Argo Partners               Beacon Looms, Inc.        $12,750.10

Fair Harbor Capital, LLC    PDK Worldwide Enterprises  $5,978.00

Liquidity Solutions, Inc.   Acme Import Co.            $1,650.00

Liquidity Solutions, Inc.   Allied International       $5,430.87

Liquidity Solutions, Inc.   Artistic Linen, Inc.      $16,659.00

Liquidity Solutions, Inc.   Big River Books           $3,147.25

Liquidity Solutions, Inc.   D-L Incentives, Inc.       $3,614.06

Liquidity Solutions, Inc.   EBW & Associates, Inc.     $4,135.89

Liquidity Solutions, Inc.   Henry Lee                  $5,700.00

Liquidity Solutions, Inc.   Manhattan Marketing        $4,050.00

Liquidity Solutions, Inc.   Preview Products Co.       $1,660.00

Liquidity Solutions, Inc.   R & R Textile             $14,054.00
                            Mills, Inc.

Liquidity Solutions, Inc.   Scanlan Graphics, Inc.     $3,668.00

Liquidity Solutions, Inc.   Terramar Sports Inc.       $2,569.50

Liquidity Solutions, Inc.   Worldwide Distributors     $2,676.00

                   About Building #19, Inc.

Building #19, Inc., and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code on Nov. 1, 2013 (Bankr. D. Mass.
Case No. 13-16429).  The other debtors are (a) Paperworks #19,
Inc., Case No. 13-16430; (b) Beth's Basics, Inc., Case No.
13-16433; (c) Furniture #19, Inc., Case No. 13-16431; (d) PB&J Kids
#19, Inc., Case No. 13-16434; and (e) Footwear #19 Plus, Inc. Case
No. 13-16432.

Donald Ethan Jeffery, Esq., and Harold B. Murphy, Esq., at Murphy &
King, Professional Corporation, in Boston, Massachusetts, serve as
the Debtors' bankruptcy counsel. The Tron Group, LLC, serve as
their financial advisers.

The U.S. Trustee for Region 1 appointed five members to the
official committee of unsecured creditors.  Newburg & Company LLP
is the financial advisor to the Committee.


CAESARS ENTERTAINMENT: Bankruptcy Probe Can Include 2008 LBO
------------------------------------------------------------
Steven Church and Janan Hanna, writing for Bloomberg News, reported
that a court examiner can probe the $30.7 billion buyout of Caesars
Entertainment Corp. as part of his investigation into the
bankruptcy of the casino giant's main operating unit, a federal
judge said.

According to the report, while U.S. Bankruptcy  in Chicago
Wednesday opened Judge A. Benjamin Goldgar the door to
investigating the debt Caesars took on when it went private in
2008, he left it up to the examiner to decide whether it's worth
the money and time to do so.  Judge Goldgar's decision came after
Caesars Entertainment Operating Co. and a committee of unsecured
creditors ended their dispute over the scope of the examiner's
responsibilities, the report related.

                   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.


CAESARS ENTERTAINMENT: District Judges in Race to Control Ch. 11
----------------------------------------------------------------
Bill Rochelle, a bankruptcy columnist for Bloomberg News, reported
that the race is on between two federal judges -- one in New York
and the other in Chicago -- to decide who can most influence if not
control the outcome of the bankruptcy reorganization of casino
operator Caesars Entertainment Operating Co.

Curiously, neither one is the bankruptcy judge presiding over the
Caesars Chapter 11 case, which began in January, Mr. Rochelle
pointed out.

According to the report, U.S. District Judge Shira Scheindlin in
Manhattan has a two-month head start over her Chicago counterpart,
. Judge Robert W. Gettleman.  The report related that in January,
just as the bankruptcy began, Judge Scheindlin ruled that
non-bankrupt parent Caesars Entertainment Corp. violated federal
law when it shuffled assets and refinanced debt as part of an
alleged scheme to protect itself from lower-ranking creditors.

                   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.


CAMP INVESTORS II: S&P Assigns 'CCC' Rating on $200MM PIK Notes
---------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'CCC' issue-level
and '6' recovery ratings to New York-based CAMP Investors II Inc.'s
$200 million senior subordinated 11% payment-in-kind (PIK) notes
due 2022.  The '6' recovery rating reflects S&P's expectation for
negligible (0%-10%) recovery in the event of a payment default.
CAMP Investors II Inc. is the holding company for CAMP
International Holding Co. (also known as CAMP Systems), which
provides maintenance tracking services for private plane owners.

The company will use proceeds to pay a dividend to equity holders,
including its financial sponsor GTCR LLC and management.  While the
notes increase leverage at CAMP, the PIK notes do not change cash
interest coverage ratios.  S&P estimates funds from operation to
cash interest will be around 2x at the end of 2015.

The corporate credit rating on CAMP Systems remains 'B-' with a
stable outlook.  The issue-level and recovery ratings on CAMP
Systems' existing debt also remain unchanged.

The corporate credit rating on CAMP Systems reflects S&P's
assessment of the company's business risk profile as "weak," as
defined in S&P's criteria, given its niche market focus and
dependence on plane original equipment manufacturers (OEMs), which
its recurring and predictable revenue base partly offsets.  S&P
assess its financial risk profile as "highly leveraged," reflecting
S&P's expectation for leverage to be in excess of 11x following the
transaction (leverage includes Standard & Poor's adjustments).  In
S&P's view, CAMP Systems also has "adequate" liquidity.  There is a
springing first-lien leverage covenant on its revolver, but S&P do
not expect it to be triggered.

RATINGS LIST

CAMP International Holding Co.
Corporate Credit Rating             B-/Stable/--

Ratings Assigned

CAMP Investors II Inc.
Senior Subordinated
  $200 mil. 11% PIK notes due 2022   CCC
   Recovery Rating                   6



CANAL ASPHALT: Asks Court to Set Claims Bar Date
------------------------------------------------
Canal Asphalt, Inc., asks the U.S. Bankruptcy Court for the
Southern District of New York to fix a bar date for filing proofs
of claim.

Gary M. Kushner, Esq., at Goetz Fitzpatrick LLP, in New York, New
York, tells the Court that it is an appropriate time for the Court
to fix a bar date for the filing of proofs of claim against the
estate, except for (i) claims previously filed with the Court and
(ii) claims listed as not being "disputed," "contingent" or
"unliquidated" on the Debtor's schedules of assets and liabilities
and statements of financial affairs, which have been with the Court
and for which the creditor agrees with.

Canal Asphalt's attorneys can be reached at:

          Gary M. Kushner, Esq.
          Scott D. Simon, Esq.
          GOETZ FITZPATRICK LLP
          One Penn Plaza – Suite 3100
          New York, NY 10119
          Telephone: (212)659-8100
          E-mail: gkushner@goetzfitz.com
                  ssimon@goetzfitz.com

                        About Canal Asphalt

Canal Asphalt Inc. filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 15-23094) on July 31, 2015.  The petition was
signed by August Nigro III as president.  The Debtor disclosed
total assets of $20.3 million and total liabilities of $23 million.
Goetz Fitzpatrick LLP serves as the Debtor's counsel.
Hon. Robert D. Drain presides over the case.



CANAL ASPHALT: Proposes $14M Private Sale of Asphalt Plant
----------------------------------------------------------
Canal Asphalt, Inc., asks the U.S. Bankruptcy Court for the
Southern District of New York for approval of the private sale of
its asphalt plant located at 800 Canal Street, Mount Vernon, New
York, and certain property and other related assets, free and clear
of all liens, claims, encumbrances and interests of any kind to
Thalle Industries Inc. for $14 million.

The purchased assets includes the Canal Plant, the two parcels of
land on which the Canal Plant is located -- one, owned by the
Debtor and the other, owned by Gaia Development, LLC (which is
party to the Asset Purchase Agreement), and certain tangible and
intangible personal property.

The APA provides for a closing date no later than Sept. 1, 2015.

The sale includes the Consulting Agreement with Agency Consulting
LLC, which is owned by August Nigro III, who is likewise the Debtor
and Gaia's sole shareholder.  The Consulting Agreement provides for
a six-year consulting agreement for an aggregate consulting fee of
$2.5 million.  In consideration for the Consulting Agreement, Nigro
has agreed to a 10-year comprehensive restrictive covenant not to
compete.  Nigro has also caused Gaia to consent to the sale and
convey the Gaia property which significantly increases the value of
the Canal Plant.

Gary M. Kushner, Esq., at Goetz Fitzpatrick LLP, in New York, New
York, tells the Court that the Debtor anticipates allocating the
purchase price of $14,000,000, as follows: $12,800,000 for the
Debtor and $1,200,000 for Gaia, leaving a balance to the estate of
approximately $11,600,000, net of expected capital gains taxes
associated with the sale.  He further tells the Court that another
$2,000,000 is estimated to be added to the Debtor's estate from the
liquidation of equipment not included in the purchased assets and
collection of receivables generated from existing construction
operations, and that in total, the estate is expected to yield
approximately $13.6 million in proceeds available to fund the
chapter 11 plan and satisfy the allowed claims of creditors.  Mr.
Kushner says that against these funds are estimated allowed claims
totaling no more than $13.1 million, including the expected costs
of administering the chapter 11 case. With any success in claims
objections, which the Debtor believes will materialize, the amount
of total claims will be far less.

Mr. Kushner relates that the Debtor has secured claims consisting
of mortgages against the Canal Property, which aggregately amount
to approximately $7,400,000.  He says that the Debtor intends,
subject to Bankruptcy Court approval, to satisfy these mortgage
claims in full at the closing of the Sale.  Mr. Kushner further
says that the Debtor has priority creditors primarily consisting of
wage, labor and benefit claims which approximate $126,500.  The
Debtor estimates that the cost of the chapter 11 will approximate
$350,000 in fees earned by its retained professionals.  He notes
that in total, administrative and priority claims, inclusive of UST
fees, are expected to be approximately $500,000.

Mr. Kushner notes that the Debtor has an unsecured class consisting
of approximately no more than $5,200,000 in legitimate, allowable
claims.

                         Private Sale Only

Mr. Kushner asserts that the implementation of a bidding process
will be detrimental to creditors and will likely result in the loss
of Thalle as the purchaser. He says that the proposed Sale
Transaction is a prudent exercise of the Debtor’s sound business
judgment, the Purchased Assets have already been adequately
marketed, the Purchase Price constitutes the highest and best offer
and provides fair and reasonable consideration, and the Sale to
Thalle is in the best interests of the estate and the Debtor’s
creditors.

Canal Asphalt is represented by:

          Gary M. Kushner, Esq.
          Scott D. Simon, Esq.
          GOETZ FITZPATRICK LLP
          One Penn Plaza – Suite 3100
          New York, NY 10119
          Telephone: (212)659-8100
          E-mail: gkushner@goetzfitz.com
                  ssimon@goetzfitz.com

                        About Canal Asphalt

Canal Asphalt Inc. filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 15-23094) on July 31, 2015.  The petition was
signed by August Nigro III as president.  The Debtor disclosed
total assets of $20.3 million and total liabilities of $23 million.
Goetz Fitzpatrick LLP serves as the Debtor's counsel.
Hon. Robert D. Drain presides over the case.



CARLSTAR GROUP: Moody's Affirms B2 CFR & B2 Sr. Sec. Notes Rating
-----------------------------------------------------------------
Moody's Investors Service revised Carlstar Group LLC's (formerly
CTP Transportation Products "Carlstar") outlook to negative from
stable and affirmed the B1 Corporate Family Rating and B1-PD
Probability of Default Rating.  Moody's also affirmed the B2 rating
on the senior secured notes.

Ratings affirmed:

  B1 Corporate Family Rating
  B1-PD Probability of Default Rating
  B2 $250 million senior secured notes

The rating outlook is revised to negative from stable

The rating outlook was changed to negative following Carlstar's
definitive agreement to sell its belts business to The Timken
Company (Baa2 Negative), that represented roughly 30% of total
EBITDA.  Carlstar's B1 rating is weakly positioned with pro forma
leverage  above 5.5 times.  "While the sale of the belts business
improves the company's liquidity profile, it is offset by the
increase in leverage, reduced business diversification, and
uncertainty on how proceeds will be used," said Moody's Analyst
Morris Borenstein.

Moody's expects pro forma debt to EBITDA to initially increase to
above 5.5 times in 2015 (pro forma for the loss of EBITDA from the
sold belts business) from approximately 4.2 times (pro forma for
the Marastar acquisition in July).  The company has not yet
announced any plans for the expected use of proceeds.  The senior
secured notes are not callable until the end of 2016 making it
difficult to efficiently prepay.

RATINGS RATIONALE

Carlstar's B1 Corporate Family Rating reflects its high debt/EBITDA
expected to be over 5.5 times pro forma, its reduced business
diversification with its sales expected to be generated solely from
specialty tires and wheels, exposure to deeply cyclical end
markets, regional concentration in North America, and meaningful
exposure to volatile raw material cost inputs.  These factors are
balanced by its strong brand in specialty tires and wheels, good
end market diversification, and good liquidity profile.  Moody's
believes base revenues will grow modestly through 2016, however,
remain pressured by a weak agriculture segment.

The ratings could be downgraded if Debt to EBITDA is sustained over
5.0 times or EBITA to interest is sustained below 2.0 times.
Although not anticipated over the next 12 months, the ratings could
be upgraded if debt-to-EBITDA is sustained below 3.5 times and if
EBITA to interest is expected to be sustained above 3.0 times.

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

Headquartered in Franklin, Tennessee, The Carlstar Group LLC is a
leading global supplier of specialty tires and wheels for
non-automotive applications.  The company has over 4,000 employees
with 18 manufacturing and distribution facilities globally.
Carlstar is its primary brand for tires and wheels.  Net revenue
for the twelve months ended March 31, 2015 was $752 million.
Carlstar is privately owned by American Industrial Partners.



CASA EN DENVER: Court Approves Chief Engineer for FCC Matters
-------------------------------------------------------------
Casa Media Partners, LLC and Casa En Denver Inc. sought and
obtained permission from the Hon. Robert A. Mark of the U.S.
Bankruptcy Court for the Southern District of Florida to employ Jim
McPhetridge as chief engineer to verify and certify technical
information of all of the Debtors' stations, as requested by the
Federal Communications Commission.

Mr. McPhetridge will be compensated on a per station basis, plus
reimbursement of the actual and necessary expenses incurred. He
will be paid a flat fee of $500 per station.

Mr. McPhetridge assured the Court that he and his firm are 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.

Jim McPhetridge can be reached at:

       Jim McPhetridge
       WES BROADCAST CONSULTANTS, INC.
       228 Flynn Drive
       El Paso, TX 79932

Casa Media Partners, LLC, and Casa en Denver, Inc. commenced
Chapter 11 bankruptcy cases (Bankr. S.D. Fla. Case Nos. 15-16741
and 15-16746) in Miami, Florida on April 15, 2015.  The petition
was signed by Juan Salvador Gonzalez, the chief financial officer.
Judge Hon. Robert A Mark presides over the cases.  The Debtors are
represented by Kristopher Aungst, Esq., at Tripp Scott, P.A., as
their counsel.  According to the docket, the deadline to file
claims for governmental units is on Oct. 13, 2015.


COMDISCO HOLDING: Reports Financial Results for Fiscal Q3 of 2015
-----------------------------------------------------------------
Comdisco Holding Company, Inc. on Aug. 13 reported financial
results for its fiscal third quarter ended June 30, 2015.  Comdisco
emerged from Chapter 11 bankruptcy proceedings on August 12, 2002.
Under Comdisco's First Amended Joint Plan of Reorganization,
Comdisco was charged with, and has been, liquidating its assets.
While there have been no changes either to the Plan, or Comdisco's
obligations under it, Comdisco adopted ASU 2013-07, Liquidation
Basis of Accounting as of October 1, 2014 and accordingly,
determined that liquidation was imminent.  Therefore, effective
October 1, 2014, Comdisco applied the liquidation basis of
accounting on a prospective basis.  The reporting discloses
Comdisco's estimate of the value of the net assets available in
liquidation for the common stockholders.  The liquidation basis of
accounting requires the Company to estimate net cash flows from
operations and to accrue all costs associated with implementing and
completing the plan of liquidation and requires management to make
estimates that affect the amounts reported in the consolidated
financial statements and the related notes.

As of the quarter ended June 30, 2015, there was approximately
$37,171,000 in total assets, and approximately $18,817,000 in total
liabilities resulting in net assets in liquidation of approximately
$18,354,000.  The net assets in liquidation as of the quarter ended
June 30, 2015 would result in liquidating distributions of
approximately $4.56 per common share, based on 4,028,951 shares of
common stock outstanding on June 30, 2015.  This estimate of
liquidating distributions includes projections of costs and
expenses to be incurred during the time period estimated to
complete the plan of liquidation.  There is inherent uncertainty
with these estimates, and they could change materially based on the
timing of the completion of all the steps necessary for the
liquidation.  Actual results could differ from these estimates and
may affect net assets in liquidation and actual cash flows.

During the period of April 1, 2015 through June 30, 2015, the
Company's estimated net assets in liquidation increased by $34,000.
The reasons for the increase in net assets were a result of lower
estimated future legal fees and increases in the estimated
liquidation value of other assets.

As a result of bankruptcy restructuring transactions, the adoption
of fresh-start reporting, multiple asset sales, and the adoption of
liquidation basis of accounting, Comdisco's financial results are
not comparable to those of its predecessor company, Comdisco, Inc.

                        About Comdisco

Comdisco emerged from Chapter 11 bankruptcy proceedings on Aug. 12,
2002.  The purpose of reorganized Comdisco is to sell, collect or
otherwise reduce to money in an orderly manner the remaining assets
of the corporation.  Pursuant to the Plan and restrictions
contained in its certificate of incorporation, Comdisco is
specifically prohibited from engaging in any business activities
inconsistent with its limited business purpose.  Accordingly,
within the next few years, it is anticipated that Comdisco will
have reduced all of its assets to cash and made distributions of
all available cash to holders of its common stock and contingent
distribution rights in the manner and priorities set forth in the
Plan.  At that point, the company will cease operations.  The
company filed on Aug. 12, 2004 a Certificate of Dissolution with
the Secretary of State of the State of Delaware to formally
extinguish Comdisco Holding Company, Inc.'s corporate existence
with the State of Delaware except for the purpose of completing the
wind-down contemplated by the Plan.  Under the Plan, Comdisco was
charged with, and has been, liquidating its assets.  While there
have been no changes either to the Plan, or Comdisco's obligations
under it, Comdisco adopted ASU 2013-07, Liquidation Basis of
Accounting as of October 1, 2014 and accordingly, determined that
liquidation was imminent.  Therefore, effective Oct. 1, 2014,
Comdisco applied the liquidation basis of accounting on a
prospective basis, and, as such, the results of operations under
liquidation basis of accounting are not comparable to the
historical results under a going concern basis.


CROSBY NATIONAL: Texas Judge Rails Against Big Cases in NY, Del.
----------------------------------------------------------------
Bill Rochelle, a bankruptcy columnist for Bloomberg News, reported
that U.S. Bankruptcy Judge Russell F. Nelms in Texas, used the
Chapter 11 case of Crosby National Golf Club LLC to rail against
the practice of allowing large companies to reorganize in Delaware
or New York, far removed from their employees and smaller
creditors.

According to the report, Judge Nelms was perturbed that two large
companies -- Radioshack Corp. and Quicksilver Resources, Inc. --
chose to file Chapter 11 in Delaware when both are based less than
a mile from his courthouse in Fort Worth.  Calling Delaware more
convenient is "laughable," the judge said, the report related.

Judge Nelms said the modern trend in large bankruptcies "is to
stand the proximity-of-creditors factor on its head" in deciding
where to file, the report further related.  Although a goal is to
"facilitate creditor participation," big companies these days "file
for bankruptcy in locations that are certain to minimize it," the
report added.

                About Crosby National Golf Club

The Crosby National Golf Club, LLC, commenced a Chapter 11
bankruptcy case (Bankr. N.D. Tex. Case No. 15-41545) in Ft. Worth,
Texas, on April 16, 2015, without stating a reason.  The Debtor
estimated $10 million to $50 million in assets and debt.  The case
is assigned to Judge Russell F. Nelms.

The Debtor owns and operates the Crosby National Golf Club which
is
located within the Crosby Estates at Rancho Santa Fe. The Golf
Club
has been continuously operated as a for-profit, private
eighteen-hole golf course and has been known at all times as the
Crosby National Golf Club. It is a California limited liability
company and its managing member is Escalante - Crosby National
L.P., a Colorado limited partnership. The Debtor is represented by
Hudson M. Jobe, Esq., and Timothy A. York, Esq., at Quilling,
Selander, Lownds, Winslett & Moser, P.C. in Dallas, Texas.

The Crosby Estate at Rancho Santa Fe Master Association (The
Crosby
HOA) is the master association for the gated residential community
and development located in San Diego County including the Debtor's
golf club, commonly known as The Crosby National Golf Club. The
Debtor and the Crosby HOA have been engaged in disputes and
resulting litigation pending in the Superior Court, State of
California, County of San Diego, relating to the Debtor's
operations of the Club and various rights and obligations of the
parties under the Development documents and related agreements. It
is represented in the Debtor's case by Joe J. Wielenbinski, Esq.,
Jay H. Ong, Esq. and Thomas D. Berghman, Esq. at Munsch Hardt Kopf
& Harr, P.C. in Dallas, Texas.

Texas Capital holds a valid, perfected, secured Claim against the
Debtor. A minimum aggregate amount of approximately $3.1 million
is
owed on the Texas Capital Claim. It is represented by Matthew T.
Ferris, Esq. at Winstead PC in Dallas, Texas.


CUI GLOBAL: Incurs $504K Net Loss in Second Quarter
---------------------------------------------------
CUI Global, Inc. reported a net loss of $503,876 on $22.9 million
of total revenue for the three months ended June 30, 2015, compared
to a net loss of $66,462 on $19.2 million of total
revenue for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $4.6 million on $39.8 million of total revenue compared to
a net loss of $554,380 on $36.1 million of total revenue for the
same period last year.

As of June 30, 2015, the Company had $93.3 million in total assets,
$31.1 million in total liabilities and $62.2 million in total
stockholders' equity.

CUI Global's president & CEO, William Clough commented, "This was a
great quarter for CUI.  Revenues increased nearly 20% over the
prior year comparable quarter and more than 36% versus the first
quarter.  In addition, earlier this month CUI's wholly-owned UK
energy subsidiary, Orbital Gas Systems Ltd., received approval from
one of the UK's largest pipeline operators to install and
commission four of its previously purchased IRIS kiosks.  We also
received a purchase order from the same customer for additional
IRIS kiosks to be produced at its UK facility for installation and
commissioning later this year.  In addition, several customers have
successfully completed testing of our other proprietary natural gas
technologies, the GasPT Analyzer and VE Technology, and we've
received multiple purchase orders for those products. This
transition from testing to sales demonstrates the value and
viability of our energy technologies and gives us confidence in our
future technology development."

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

                        http://is.gd/7lWpU2

                          About CUI Global

Tualatin, Ore.-based CUI Global, Inc., formerly known as Waytronx,
Inc., is a platform company dedicated to maximizing shareholder
value through the acquisition, development and commercialization
of new, innovative technologies.

CUI Global reported a consolidated net loss of $2.80 million in
2014, a consolidated net loss of $943,000 in 2013 and a
consolidated net loss of $2.52 million in 2012.


DESIGNLINE CORP: Ch. 11 Trustee Sues Transportation Secretary
-------------------------------------------------------------
Patrick Fitzgerald, writing for The Wall Street Journal, reported
that Elaine Rudisill, the Chapter 11 trustee for defunct North
Carolina bus manufacturer DesignLine Corp. sued U.S. Secretary of
Transportation Anthony Foxx to claw back more than $420,000 the bus
maker paid Mr. Foxx for work he allegedly never performed.

According to the report, the Chapter 11 Trustee said DesignLine
paid millions of dollars to two outside law firms for general legal
counsel and other services at the time Mr. Foxx was employed as
deputy general counsel.  DesignLine's "books and records do not
reflect any communications between [Mr. Foxx] and the outside
firms, nor do they reflect any activities or actions of defendant
in his role as deputy general counsel," lawyers for Ms. Rudisill
said in court papers, the Journal related.

Mr. Foxx "spent little to no time" at the company's offices, which
were based in Charlotte, during the relevant time period, the
lawsuit said, the Journal further related.

                         About DesignLine

DesignLine Corporation manufactured coach, electric and range-
extended electric (hybrid) buses.  Founded in Ashburton, New
Zealand in 1985, DesignLine was acquired by American interests in
2006, and DesignLine Corporations' headquarters was relocated to
Charlotte, North Carolina.  DesignLine Corporation is no longer
affiliated with the DesignLine operations in New Zealand, which
was placed in liquidation in 2011.

DesignLine Corporation and DesignLine USA LLC originally sought
Chapter 11 protection with the U.S. Bankruptcy Court for the
District of Delaware (Lead Case Nos. 13-12089 and 13-12090), on
Aug. 15, 2013.  Katie Goodman at GGG Partners LLC signed the
petitions as chief restructuring officer.  On Sept. 5, 2013, the
case was transferred to the U.S. Bankruptcy Court for the Western
District of North Carolina (Case Nos. 13-31943 and 13-31944).

Mark D. Collins, Esq., and Michael Joseph Merchant, Esq., at
Richards, Layton & Finger, P.A.; and Terri L. Gardner, Esq., at
Nelson Mullins Riley & Scarborough, LLP, serve as the Debtors'
bankruptcy counsel.  GGG Partners also serves as the Debtors'
financial advisors.

A five-member unsecured creditors panel has been appointed in the
Debtors' cases.  Moon Wright & Houston PLLC and Benesch,
Friedlander, Coplan & Aronoff LLP are co-counsel to the Committee.
The Committee retained CBIZ MHM, LLC as financial advisors.

The Bankruptcy Judge has appointed Elaine T. Rudisill as the
chapter 11 trustee for the Debtors.


DORAL FINANCIAL: Court Approves FirstBank Settlement Agreement
--------------------------------------------------------------
Doral Financial Corporation sought and obtained from Judge Shelley
C. Chapman of the U.S. Bankruptcy Court for the Southern District
of New York, approval of its settlement agreement with FirstBank
Puerto Rico.

The settlement agreement deals with the release of $394,955 held in
an escrow account by Chicago Title & Trust Company, and contains,
among others, the following relevant terms:

     (1) The Parties will submit to the Escrow Agent a
fully-executed Escrow Release Letter, which instructs the Escrow
Agent to (I) immediately release to the Debtor from the Escrow
Account the full amount of the Debtor Release Amount, which is
$58,094; and (ii) immediately release to FirstBank from the Escrow
Account the full amount of the FirstBank Release Amount, which is
$336,861, simultaneously with the release of the Debtor Release
Amount. The Settlement Approval Order shall authorize and direct
the Escrow Agent to comply therewith.

     (2) FirstBank and the Debtor, and its estate, knowingly,
voluntarily and irrevocably release, discharge and acquit each
other from any and all manner of actions related to the Escrow
Agreement, Purchase Agreement, and/or Mortgage Loans, upon their
receipt from the Escrow Agent of the full amounts of their
respective release amounts.

Judge Chapman held that based upon the representations set forth in
the Agreement, (i) there are good, sufficient, and sound business
reasons for the Debtor to enter into the Agreement; (ii) the
Agreement represents a fair and reasonable resolution of the
Parties' respective interests in the Escrow Balance; and (iii) the
Agreement was entered into by the Debtor and FirstBank, and
formally acknowledged by the Official Committee of Unsecured
Creditors, in good faith and from arm's-length bargaining
positions.

Doral Financial's attorneys can be reached at:

          Mark I. Bane, Esq.
          Meredith S. Tinkham, Esq.
          ROPES & GRAY LLP
          1211 Avenue of the Americas
          New York, NY 10036-8704
          Telephone: (212)596-9000
          Facsimile: (212)596-9090
          E-mail: Mark.Bane@ropesgray.com
                  Meredith.Parkinson@ropesgray.com

                      About Doral Financial

Doral Financial Corporation is a holding company whose primary
operating asset was equity in Doral Bank.  DFC maintains offices in
New York City, Coral Gables, Florida and San Juan, Puerto Rico.
DFC has three wholly-owned subsidiaries: (i) Doral Properties,
Inc., (ii) Doral Insurance Agency, LLC ("Doral Insurance"), and
(iii) Doral Recovery, Inc.

On Feb. 27, 2015, regulators placed Doral Bank into receivership
and named the Federal Deposit  Insurance Corp. as receiver.  Doral
Bank served customers through 26 branches located in New York,
Florida, and Puerto Rico.

DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
15-10573) in Manhattan on March 11, 2015.  The case is assigned to
Judge Shelley C. Chapman.

DFC estimated $50 million to $100 million in assets and $100
million to $500 million in debt as of the bankruptcy filing.

The Debtor tapped Ropes & Gray LLP as counsel.

The U.S. trustee overseeing the Chapter 11 case of Doral Financial
Corp. appointed five creditors of the company to serve on the
official committee of unsecured creditors.



DTS8 COFFEE: Appoints New CEO and Looks to Accelerate Growth
------------------------------------------------------------
DTS8 Coffee Company, Ltd., announced that effective Aug. 10, 2015,
Mr. Douglas Thomas was appointed as a director, president, chief
executive officer, chief financial officer and secretary of the
Company.  

Mr. Thomas will manage the day-to-day business affairs of DTS8. The
change is necessary as DTS8 looks to improve its finances, launch
new brand initiatives, and leverage the "DTS8 Coffee" brand name to
pursue new coffee sales opportunities.   

Mr. Alex Liang, Chairman of DTS8 said, "Mr. Thomas, our new CEO,
brings a wealth of public company, marketing and management
experience to DTS8.  It is time for a management change following
relatively weak revenue growth in China.  China is one of the most
highly sought after and a strong growing coffee markets in the
world.  We are excited with the management change.  We look forward
to increased market share, revenues and enhanced shareholder
value."

Mr. Thomas's engagement will continue on a year-to-year basis until
terminated by either party upon 60 days prior written notice to the
other party.  The Company will make monthly management fee payment
of $6,000 to Thomas, in arrears, on the 25th day of each month and
4 million common shares of the Company as engagement bonus
remuneration.  

Effective Aug. 10, 2015, Mr. Sean Tan the current chief executive
officer resigned as an officer and a director of the Company, and
his management contract dated March 31, 2011, was also terminated.


                         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.

DTS8 Coffee reported 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.


DUCOMMUN INC: Moody's Assigns B1 Ratings on $475MM 1st Lien Loans
-----------------------------------------------------------------
Moody's Investors Service assigned Ducommun Inc.'s $200 million
senior secured first lien revolving credit facility and $275
million first lien term loan due 2020 a B1 rating.  Concurrently,
Moody's affirmed the company's B1 Corporate Family Rating ("CFR")
and SGL-2 Speculative Grade Liquidity ("SGL") rating.  Due to the
now all-first lien bank debt structure, the Probability of Default
Rating was downgraded to B2-PD from B1-PD.  The B3 rating on the
company's $200 million notes due 2018 is withdrawn due to repayment
as a result of the aforementioned transaction.  The ratings outlook
is stable.

Proceeds from the $275 million term loan as well as drawings under
the revolver and balance sheet cash were used to refinance the
company's prior debt structure.  The transaction favorably reduced
the company's annual interest expense by approximately $15 million,
repaying the prior high coupon 9.75% notes and extended the
company's debt maturity profile by pushing out its nearest debt
maturity to June 2020 from June 2016.  Total funded debt levels
remained relatively unchanged post the transaction.

Ratings assigned:

  $200 million senior secured first lien revolver due 2020, at B1
   (LGD-3)

  $275 million senior secured first lien term loan due 2020, at B1

   (LGD-3)

Ratings affirmed:

  Corporate Family Rating, at B1;
  Speculative Grade Liquidity Rating, at SGL-2

Ratings downgraded:

  Probability of Default Rating, to B2-PD from B1-PD;

Ratings withdrawn:

  $200 million 9.75% notes due 2018, at B3 (LGD-5)
  Rating outlook, Stable

RATINGS RATIONALE

Ducommun's B1 CFR reflects our expectation that the company will
continue to use free cash flow towards debt reduction.  Pro forma
for the June 2015 refinancing, including the notes that were repaid
at the end of July 2015, debt/EBITDA (including Moody's standard
adjustments) totaled 4.0 times.  This metric has improved by more
than one turn from leverage of over 5.0 times at close of the 2011
LaBarge acquisition.  The ratings also consider the company's
exposure to the defense sector as Ducommun derives just under half
of its revenues from this sector.  Another one third of revenues is
related to commercial aerospace.  Commercial aerospace has
comprised an increasing proportion of total revenues given defense
budget pressures lowering contribution of defense revenues to
overall sales.  The company's reported EBITDA margin for the first
half of 2015 has been negatively pressured by weaker than
anticipated demand from some of the company's higher margin
military and space end-markets.  Counterbalancing these factors,
the company has been proactively taking cost reduction actions to
come in line with lower demand and improve margins with the
expectation that operating results will improve during the second
half of 2015.  As well, the company has been prudently managing its
financial profile by proactively repaying over $100 million of debt
since the LaBarge acquisition, enabling the company to maintain
credit metrics at the B1 rating level.

The SGL-2 liquidity rating reflects our expectation that the
company will maintain a good liquidity profile over the next twelve
to eighteen months.  Free cash flow to debt is expected to be in
the high single digit to low double digit range over the
intermediate term.  In addition, the company's sizable $200 million
revolver relative to its revenue base provides the company with
additional availability.  Revolver availability is expected to
remain good and unhindered by maintenance covenants over the next
twelve to eighteen months.

The stable rating outlook is supported by Ducommun's good liquidity
profile and expectation that strength in the company's commercial
aerospace business will partially offset lower demand in the
company's military and other end-markets.

Adverse rating implications would likely result from revenue and
further operating margin declines, an additional debt financed
acquisition that meaningfully increases leverage metrics or a
significant weakening of the liquidity profile.  Debt to EBITDA
increasing to over 5 times as well as negative free cash flow
generation could result in a downgrade.

A ratings upgrade would be considered if Ducommun reduces leverage
towards 3.0 times debt to EBITDA while maintaining a good liquidity
profile including the anticipation of continued positive free cash
flow generation and good revolver availability.

The principal methodology used in these ratings was Global
Aerospace and Defense Industry published in April 2014.  Other
methodologies used include Loss Given Default for Speculative-Grade
Non-Financial Companies in the U.S., Canada and EMEA published in
June 2009.

Ducommun Inc. headquartered in Carson, California provides
engineering and manufacturing services to the aerospace, defense,
and other technology driven markets through a wide range of
electronic and structural applications.  It operates and reports
under two business segments: Ducommun LaBarge Technologies ("DLT")
and Ducommun Aerostructures ("DAS").  Revenues for the twelve month
period ended July 4, 2015 totaled $724 million.



DUFF & PHELPS: Moody's Changes Outlook on B2 Rating to Negative
---------------------------------------------------------------
Moody's Investors Service affirmed Duff & Phelps Corporation's B2
corporate family rating (CFR) and the B2 rating on its senior
secured first lien bank credit facility, and assigned a B2 rating
to its extended $75 million revolving credit facility and a Caa1
rating to the company's second lien bank credit facility.  At the
same time, the rating outlook was changed to negative.  The rating
action follows the company's announced intention to borrow up to an
additional $152 million on its credit facilities and pay a dividend
to shareholders of up to $195 million.

RATINGS RATIONALE

The borrowing consists of an increase of up to $42 million in the
firm's first-lien facility as well as the addition of a $110
million second lien facility.  The increase comes on top of an
incremental $160 million which Duff & Phelps borrowed at the
beginning of this year to finance two acquisitions.  As a result,
the firm's total bank debt outstanding on a pro forma basis as of
June 30, 2015 of $785 million will be nearly two-thirds as much as
the $478 million outstanding a year earlier.  Notwithstanding an
improvement in the firm's earnings and cash flows over the same
time frame, the resulting pro forma cash flow leverage is
significant.  On a Moody's adjusted basis, pro forma debt/EBITDA is
estimated to be 7.6x on a trailing twelve months basis including
the two acquisitions as if they were fully owned for the entire
time period.

Sustained leverage at this level would be inconsistent with Duff &
Phelps current ratings.  However, Moody's expects additional
improvements in the firm's cash flows over the medium term as
integration and retention expenses related to the recent
acquisitions decline and operating leverage is realized.
Notwithstanding the firm's aggressive financial policies, these
improvements, together with scheduled amortization and mandatory
excess cash flow prepayments are expected to reduce the firm's cash
flow leverage back down to levels more consistent with its current
ratings.  Moody's expects that debt/EBITDA on a Moody's adjusted
basis will fall to at least 6.2x by the end of 2016, and below 6x
soon thereafter.

However, the planned incremental borrowing leaves the firm with no
headroom for additional leverage at the current rating level.  This
may prove to be a challenge for the firm to adhere to given its
professed desire to continue to make additional bolt-on
acquisitions.  To the extent such acquisitions are funded with
additional borrowings, including any draw-down on the firm's
revolver for other than temporary liquidity needs, the firm's
ability to return its leverage to levels consistent with the
current rating over the medium term would likely be impaired.
Moody's said the negative outlook reflects this risk to the current
ratings.

The rating assigned to the $110 million in second lien debt
reflects the relatively small amount of such debt compared to the
total debt obligations of the firm as well as the limited degree of
asset coverage.  As such, Moody's expects that severity of loss on
the second lien in the event of default would be extremely high,
resulting in a two notch differential between the CFR and the
rating on the second lien facility.

What Could Change the Rating -- Up

Strong and sustainable organic revenue growth, positive operating
leverage, and improved debt service capacity could result in upward
rating pressure, unless offset by increased leverage.

What Could Change the Rating -- Down

The absence of anticipated improvements in cash flows, or a further
increase in debt, could result in a downgrade, particularly if it
becomes less likely that the firm will be able to de-lever below 6x
by early 2017.  Evidence of weakening financial flexibility such as
through the maintenance of limited cash balances and/or ongoing
utilization of the company's revolving credit facility could also
result in a downgrade.

The principal methodology used in these ratings was Global
Securities Industry Methodology published in May 2013.



EARL GAUDIO: Seeks Disallowance of WBL's $482K Claim
----------------------------------------------------
Earl Gaudio & Son, Inc., in an adversary proceeding, asks the U.S.
Bankruptcy Court for the Central District of Illinois to disallow
World Business Lenders, LLC's claim in the amount of $482,961, in
whole or in part.

The Debtor says WBL's claim should be disallowed for these
reasons:

     (a) The Mortgage dated Feb. 28, 2013, and which purport was
not executed by EG&S and was not notarized as having been signed by
an officer of EG&S.  The Business Promissory Note and Security
Agreement the Mortgage purports to secure was actually dated
February 27, 2013, not Feb. 28, 2013.  The Mortgage was neither
validly executed nor acknowledged on behalf of EG&S in accordance
with the law of the State of Illinois and is not effective under
state law to grant or convey an interest in the real property,
commonly known as 1803 Georgetown Road, Tilton, Illinois, to WBL.

     (b) The security interest in certain personal property, which
was granted under the Business Promissory Note and Security
Agreement was not properly perfected because WBL did not file a
UCC-1 financing statement with the Secretary of State of Delaware
prior to the Petition Date, as required by Uniform Commercial Code
Sections 9-301, 9-307 and 9-501;

     (c) The liens asserted by WBL in its claim upon real and
personal property are avoidable. The real property upon which WBL
asserts a lien via the Mortgage was not sold as part of the sale
approved by the Sale Order, and the liens asserted by WBL on the
personal property did not attach to the Debtor's interest in the
Wholesaler Equity Agreement with Anheuser-Busch InBev, Inc., on
account of which the Custodian received $9,113,886.25 of the total
$9,569,701 purchase price for the sale consummated under the Sale
Order.  WBL did not perfect its interest in the Debtor's assets
that were sold pursuant to the Sale Order, with the possible
exception of certain titled vehicles.  Accordingly, WBL was not
entitled to any proceeds of that sale, and should not have been
paid any amount from the proceeds of the sale, other than amounts
paid with respect to vehicles sold, if any, in which WBL had and
can prove a duly-perfected security interest. Even if WBL's alleged
lien on the personal property were valid, because the total amount
of the purchase price paid to the Custodian on account of the
vehicles and equipment was $290,000.00, and on account of the
inventory was $165,814, WBL was not entitled to be paid the full
amount of the WBL Claim from the proceeds of the sale consummated
under the Sale Order;

     (d) The transfer of real property interest to WBL pursuant to
the Mortgage, also known as the RP Transfer, even if determined to
be valid, did not occur until the Mortgage was recorded with the
Vermilion County Recorder, Illinois on May 21, 2013.  The RP
Transfer occurred fewer than 60 days prior to the Petition Date and
more than 30 days after the Mortgage was executed on Feb. 28,
2013;

     (e) The transfer of an interest of the Debtor in the Personal
Property to WBL pursuant to the Business Promissory Note and
Security Agreement, also known as the PP Transfer, even if
determined to be valid, did not occur until immediately before the
Petition Date because it was not properly perfected as of the
commencement of the Debtor's bankruptcy case;

     (f) Both the RP Transfer and PP Transfer were made to or for
the benefit of WBL and were for or on account of an antecedent debt
owed by the Debtor before such Transfers was made.  The Transfers
were made while the Debtor was insolvent and have enabled, or would
have enabled, WBL to receive more than it would receive if the
Debtor's bankruptcy case were a case under Chapter 7 of the
Bankruptcy Code, the Transfers had not been made, and WBL received
payment of such debt to the extent provided by the provisions of
the Bankruptcy Code; and

      (g) The WBL Claim is procedurally deficient and the
prepayment fee claimed due by WBL is not owed.  WBL failed to
attach to its WBL Claim the Business Promissory Note and Security
Agreement dated Feb. 28, 2013, allegedly given by EG&S to WBL, and
which allegedly formed the basis of the indebtedness secured by the
Mortgage.  In addition to the procedural defects with the WBL
Claim, the $104,798 prepayment fee that WBL claimed as due and
owing therein is not owed pursuant to the terms of the applicable
Loan Documents.  The conditions precedent to any obligation for a
prepayment fee were not satisfied.  Moreover, the amount of the
asserted prepayment fee is unreasonable.

Victoria E. Powers, Esq., at Ice Miller, LLP in Columbus, Ohio,
tells the Court that the alleged liens of WBL on the real and
personal properties are avoidable.  She further tells the Court
that accordingly, except as to the value of the Debtor's equity in
any vehicles in which WBL had a properly perfected security
interest, the Debtor is entitled to a determination pursuant to 11
U.S.C. Section 506 that the WBL Claim, even if determined valid
with respect to the amount of the indebtedness, is an unsecured
non-priority claim.  Alternative, Ms. Powers contends that even if
either the lien on Real Property or the lien on Personal Property
were determined to be valid and not avoidable, the value of the
collateral securing the WBL Claim is less than the valid amount of
the indebtedness owed on the WBL Claim, such that the WBL Claim is
undersecured and WBL was not entitled to be paid interest on the
WBL Claim.

Earl Gaudio is represented by:

          Victoria E. Powers, Esq.
          ICE MILLER, LLP
          250 West Street
          Columbus, OH 43215
          Telephone: (614)462-5010
          Facsimile: (614)222-3478
          E-mail: victoria.powers@icemiller.com

                 About Earl Gaudio & Son, Inc.

Earl Gaudio & Son, Inc., filed a Chapter 11 petition (Bankr. C.D.
Ill. Case No. 13-90942) on July 19, 2013.  The petition was signed
by Angela E. Major Hart, as authorized signer of First Midwest
Bank, custodian.  Judge Gerald D. Fines presides over the case.
The Debtor disclosed $11,849,187 in assets and $8,489,291 in
liabilities as of the Chapter 11 filing.  John David Burke, Esq.,
and Ben T. Caughey, Esq., at Ice Miller, LLP, serve as the Debtor's
counsel.

The U.S. Trustee appointed five creditors to serve in the Official
Committee of Unsecured Creditors.  The Committee retained Evans,
Forehlich, Beth & Chamley as its local counsel, and Rubin & Levin,
P.C., as its counsel.



EMERALD INVESTMENTS: Ch.11 Trustee Can Hire Colliers as Broker
--------------------------------------------------------------
Ian J. Gazes, the Chapter 11 trustee of Emerald Investments, LLC,
sought and obtained permission from the Hon. Martin Glenn of the
U.S. Bankruptcy Court for the Southern District of New York, to
employ Colliers International Charleston, LLC as commercial real
estate broker to the Trustee.

The Trustee requires Colliers to assist in the marketing and sale
of the marina and real estate in Charleston, South Carolina known
as Ripley Light Yacht Club.

The Court ordered that Colliers be compensated on a commission only
basis equal to 4.5% of the total sale consideration realized from
the Proposed Sale of the Marina Property

Peter Fennelly, licensed commercial real estate broker and market
president of Colliers, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

The Gayla Longman Family Irrevocable Trust objected to the
employment of Colliers stating that the process proposed by the
Trustee, Kriti Ripley, LLC and  Ashley River Properties II, LLC,
falls far short of the goal of maximizing value for the Debtor's
estate.

Colliers can be reached at:

       Peter Fennelly
       COLLIERS INTERNATIONAL CHARLESTON, LLC
       25 Calhoun Street, Suite 220
       Charleston, SC 29401
       Tel: (843) 720-7500
       E-mail: Peter.Fennelly@colliers.com

The Gayla Trust is represented by:

       David Y. Wolnerman, Esq.
       WHITE & WOLNERMAN, PLLC
       950 Third Avenue, 11th Floor
       New York, NY 10022
       Tel: (212) 308-0603
       Fax: (212) 308-7090

                    About Emerald Investments

Emerald Investments, LLC, sought Chapter 11 protection (Bankr.
S.D.N.Y. Case No. 14-13407) in Manhattan on Dec. 15, 2014.

The case is assigned to Judge Martin Glenn.

Norwalk, Connecticut-based Emerald Investments estimated $10
million to $50 million in assets and less than $10 million in debt.
The formal schedules of assets and liabilities, as well as the
statement of financial affairs, are due Dec. 29, 2014.

The Debtor has tapped David Y. Wolnerman, Esq., at White &
Wolnerman, PLLC, in New York, as counsel.


ENDEAVOUR INT'L: To Give U.K. Assets to Lenders, Dismiss Ch. 11
---------------------------------------------------------------
Bill Rochelle, a bankruptcy columnist for Bloomberg News, reported
that Endeavour International Corp. acknowledged that it can never
complete a Chapter 11 reorganization so it asked a bankruptcy court
in Delaware to approve a transfer of its U.K. business to
first-lien noteholders and European term-loan lenders.

According to the report, the deal includes an agreement to pay some
reorganization expenses before the Chapter 11 case is dismissed.
The deal calls for the secured noteholders to have two-thirds
ownership of the U.K. assets, with one-third for the European term
lenders, the report said.  In return, the lenders will provide cash
to pay what Endeavour calls "all ordinary course administrative
expenses," the report related.

                   About Endeavour International

Houston, Texas-based Endeavour International Corporation (OTC:
ENDRQ) (LSE: ENDV) is an oil and gas exploration and production
company focused on the acquisition, exploration and development of
energy reserves in the North Sea and the United States.

On Oct. 10, 2014, Endeavour International and five affiliates
filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code after reaching a restructuring deal with
noteholders.  The cases are pending joint administration under
Endeavour Operating Corp.'s Case No. 14-12308 before the Honorable
Kevin J. Carey (Bankr. D. Del.).

As of June 30, 2014, the Company had $1.55 billion in total
assets,
$1.55 billion in total liabilities, $43.7 million in series c
convertible preferred stock, and a $41.5 million stockholders'
deficit.

Endeavour Operating Corporation, in its schedules, disclosed
$808,358,297 in assets and $1,242,480,297 in liabilities as of the
Chapter 11 filing.

The Debtors have tapped Weil, Gotshal & Manges LLP as counsel;
Richards, Layton & Finger, P.A., as co-counsel; The Blackstone
Group L.P., as financial advisor; AlixPartners, LLP, as
restructuring advisor; and Kurtzman Carson Consultants LLC, as
claims and noticing agent.

The U.S. Trustee for Region 3 has appointed three members to the
Official Committee of Unsecured Creditors in the Chapter 11 cases
of Endeavour Operating Corporation and its debtor affiliates.  The
Committee is represented by David M. Bennett, Esq., Cassandra
Sepanik Shoemaker, Esq., and Demetra L. Liggins, Esq., at Thompson
& Knight LLP, and Neil B. Glassman, Esq., Scott D. Cousins, Esq.,
and Evan T. Miller, Esq., at Bayard, P.A.  Alvarez & Marsal North
America, LLC, serves as financial advisors to the Committee, while
UpShot Services LLC serves as website administrator.

                        *     *     *

U.S. Bankruptcy Judge Kevin J. Carey in of Delaware, on Dec. 22,
2014, approved the disclosure statement explaining Endeavour
Operating Corporation, et al.'s joint plan of reorganization.

The Amended Plan, dated Dec. 19, 2014, provides that it is
supported by creditors who collectively hold 82.99% of the March
2018 Notes Claims (Class 3), 70.88% of the June 2018 Notes Claims
(Class 4), 99.75% of the 7.5% Convertible Bonds Claims (Class 5),
and 69.08% of the Convertible Notes Claims (Class 6).  The Amended
Plan also provides that holders of general unsecured claims will
recover an estimated 15% of the total claims amount, which is
estimated to be $6,000,000.

The hearing to consider confirmation of the Amended Joint Plan of
Reorganization, dated Dec. 23, 2014, of Endeavour Operating
Corporation and its affiliated debtors, including Endeavour
International Corporation, has been adjourned to a date to be
determined.

On April 29, 2015, the Debtor announced that, as a result of
recent
declines in oil and gas prices, the Company withdrew the proposed
Plan.


ENERGY FUTURE HOLDINGS: Seeks Court's OK to Enter Into Settlement
-----------------------------------------------------------------
Energy Future Holdings Corp., and its affiliated debtors ask the
U.S. Bankruptcy Court for the District of Delaware for
authorization to enter into a settlement agreement with creditors
at all levels of the Texas Competitive Electric Holdings Company
LLC capital structure, and the TCEH Committee.

The Debtors anticipate that additional creditors will sign onto the
Settlement Agreement in advance of the hearing on the motion.

The Settlement Agreement will provide for the resolution of (i) all
inter-debtor claims relating to the Debtors and other specified
matters,(ii) all claims against the TCEH First Lien Creditors
relating to the Debtors and other specified matters, and (iii) all
claims against the Sponsors and the Debtors' directors and
officers, "from the beginning of the world through the Settlement
Effective Date."  The released claims include, among others, all
claims identified, claimed or released in the Litigation Letters,
the Standing Motions or the Disinterested Director Settlement with
respect to the released parties.

The Settlement Agreement further contains, among others, the
following:

    (1) The Settlement Agreement can be terminated at will only by
mutual written agreement of the following parties: (I) the Debtors;
(ii) the Settling Interest Holders; (iii) the Required TCEH
Creditor Parties; (iv) the TCEH Official Committee, and may be
terminated in certain other limited circumstances also requiring
multi-party consent. There can be no unilateral termination by any
one Settlement Party as a result of changing plan dynamics or any
other event.

     (2) The Settlement Parties agreed to the releases of claims in
the Settlement Agreement in consideration of the mutual releases
and the opportunity to benefit from the transactions contemplated
by the Plan Support Agreement.

    (3) Each of the Debtors, in particular, will receive
substantial benefits from, and in exchange for, the releases. The
settlement and releases eliminate the potential for protracted
litigation, which has the potential to materially delay or impede
the Debtors' ability to successfully restructure. Moreover, the
releases are an integral part of the agreement of the Settlement
Parties to: (a) support the transactions under the Plan, including
the potential multi- billion dollar cash contribution toward the
repayment of all allowed claims against Energy Futures Holding
Corp. and Energy Future Intermediate Holding in full, and; (b) if
the merger is not consummated, support an Alternative
Restructuring.

The Debtors tell the Court that if approved, upon effectiveness,
the PSA and Settlement Agreement together:

     (a) ensure the support of creditors holding more than half by
amount of TCEH first and second lien notes and two-thirds by amount
of TCEH unsecured notes for the Debtors' restructuring;

     (b) transform some of the Debtors' largest dissenting
creditors into Plan supporters;

     (c) guarantee resolution of contentious litigation;

     (d) provide an opportunity for payment in full in cash of all
EFH and EFIH creditors; and

     (e) preserve the optionality necessary for the Debtors to
maximize the value of their estates in the event of materially
changed circumstances.

The Debtors' attorneys can be reached at:

          Mark D. Collins, Esq.
          Daniel J. DeFranceschi, Esq.
          Jason M. Madron, Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          920 North King Street
          Wilmington, Delaware 19801
          Telephone: (302) 651-7700
          Facsimile: (302) 651-7701
          E-mail: collins@rlf.com  
                  defranceschi@rlf.com
                  madron@rlf.com

                  - and -

          Edward O. Sassower, Esq.
          Stephen E. Hessler, Esq.
          Brian E. Schartz, Esq.
          KIRKLAND & ELLIS LLP
          KIRKLAND & ELLIS INTERNATIONAL LLP
          601 Lexington Avenue
          New York, NY 10022-4611
          Telephone: (212) 446-4800
          Facsimile: (212) 446-4900
          E-mail: edward.sassower@kirkland.com
                  stephen.hessler@kirkland.com
                  brian.schartz@kirkland.com

                  - and -
  
          James H.M. Sprayregen, Esq.  
          Marc Kieselstein, Esq.
          Chad J. Husnick, Esq.
          Steven N. Serajeddini, Esq.
          KIRKLAND & ELLIS LLP
          KIRKLAND & ELLIS INTERNATIONAL LLP
          300 North LaSalle
          Chicago, IL 60654
          Telephone: (312) 862-2000
          Facsimile: (312) 862-2200
          E-mail: james.sprayregen@kirkland.com
                  marc.kieselstein@kirkland.com
                  chad.husnick@kirkland.com
                  steven.serajeddini@kirkland.com

Energy Future Holdings Corp. is represented by:

          David M. Klauder, Esq.
          Shannon J. Dougherty, Esq.
          O'KELLY ERNST & BIELLI, LLC
          901 N. Market Street, Suite 1000
          Wilmington, DE 19801
          Telephone: (302) 778-4000
          Facsimile: (302) 295-2873
          E-mail: dklauder@oeblegal.com
                 sdougherty@oeblegal.com

                  - and -

          Jeff J. Marwil, Esq.
          Mark K. Thomas, Esq.
          Peter J. Young, Esq.
          PROSKAUER ROSE LLP
          Three First National Plaza
          70 W. Madison Street, Suite 3800
          Chicago, IL 60602
          Telephone: (312) 962-3550
          Facsimile: (312) 962-3551
          E-mail: jmarwil@proskauer.com
                  mthomas@proskauer.com
                  pyoung@proskauer.com

Energy Future Intermediate Holding Company is represented by:

          Joseph H. Huston, Jr., Esq.
          STEVENS & LEE, P.C.
          1105 North Market Street, Suite 700
          Wilmington, DE 19801
          Telephone: (302) 425-3310
          Facsimile: (610) 371-7927
          E-mail: jhh@stevenslee.com

                  - and -

          Michael A. Paskin, Esq.
          Trevor M. Broad, Esq.
          CRAVATH, SWAINE AND MOORE LLP
          Worldwide Plaza
          825 Eighth Avenue
          New York, NY 10019-7475
          Telephone: (212)474-1760
          Facsimile: (212) 474-3700
          E-mail: mpaskin@cravath.com
                  tbroad@cravath.com

                  - and -

          Richard Levin, Esq.
          JENNER & BLOCK
          919 Third Avenue
          New York, NY 10022-3908
          Telephone: (212) 891-1601
          Facsimile: (212) 891-1699
          E-mail: rlevin@jenner.com

The TCEH Debtors are represented by:

          David P. Primack, Esq.
          MCELROY, DEUTSCH, MULVANEY & CARPENTER, LLP
          300 Delaware Avenue, Suite 770
          Wilmington, DE 19801
          Telephone: (302) 300-4515
          Facsimile: (302) 654-4031
          E-mail: dprimack@mdmc-law.com

                  - and -

          Thomas B. Walper, Esq.
          Seth Goldman, Esq.
          MUNGER, TOLLES & OLSON LLP
          355 South Grand Avenue, 35th Floor
          Los Angeles, CA 90071
          Telephone: (213) 683-9100
          Facsimile: (213) 683-4022
          E-mail: Thomas.Walper@mto.com
                  Seth.Goldman@mto.com

                About Energy Future Holding Corp.

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
whilereducing 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 casesjointly
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 forthe
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.



ENERGY FUTURE: Files 3rd Amended Plan, Disclosure Statement
-----------------------------------------------------------
Energy Future Holdings Corp. and its debtor-affiliates filed with
the Bankruptcy Court in Delaware a third amended joint plan of
reorganization and a disclosure statement for the Third Amended
Plan on August 9, 2015, following negotiations with various
creditor groups and third parties regarding a plan of
reorganization for the Debtors.

The Third Amended Plan provides, among other things, for the
spin-off of Reorganized Texas Competitive Electric Holdings Company
LLC and a creditor and third party back-stopped transaction
involving Energy Future Holdings and Energy Future Intermediate
Holding Company LLC.

The Third Amended Plan and the Disclosure Statement contain or
discuss certain projections of Texas Competitive Electric Holdings
Company LLC's financial performance for fiscal years 2015 through
2020, the same projections that were included in the disclosure
statement filed with the Bankruptcy Court in April 2015 by the
Debtors with updated explanatory notes, and certain projections of
Oncor financial performance for fiscal years 2015 through 2022.  

On April 14, 2015, the Debtors filed their initial plan and related
disclosure statement with the Bankruptcy Court. The Initial Plan,
among other things, provided for a taxable deconsolidation or
spin-off of reorganized TCEH with an intended tax treatment and the
reorganization of EFH Corp. and EFIH either:

     (a) as contemplated by a Bankruptcy Court approved bidding
process for the sale of EFH Corp.'s indirect economic interest in
Oncor Electric Delivery Company LLC,

     (b) pursuant to a standalone plan of reorganization, or

     (c) pursuant to a creditor back-stopped plan of
reorganization.

Following the filing of the Initial Plan, the Debtors conducted the
Bidding Process. Ultimately, the Debtors determined that they were
not prepared to enter into a definitive agreement for any of the
bids they received in connection with the Bidding Process.

On July 23, 2015, the Debtors filed an amended joint plan and
related amended disclosure statement with the Bankruptcy Court. The
amended plan and amended disclosure statement continued to
contemplate the Reorganized TCEH Spin-Off and the reorganization of
EFH Corp. and EFIH either pursuant to:

     (a) a standalone plan of reorganization, or

     (b) a creditor back-stopped plan of reorganization, involving
EFH/EFIH.

The amended plan was further amended on August 3, 2015, which
provided more information regarding the standalone reorganization
alternative.

A copy of the Third Amended Plan is available at
http://is.gd/qEbbVt

A copy of the Disclosure Statement to the Third Amended Plan is
available at http://is.gd/bcm5Qj


ENERGY FUTURE: Hunt, Creditors Pledge $12BB Funding, Acquire TCEH
-----------------------------------------------------------------
A consortium consisting of unsecured creditors of Texas Competitive
Electric Holdings Company LLC and an affiliate of Hunt
Consolidated, Inc. and certain other investors have offered to
raise $12.6 billion in equity and debt financing to back Energy
Future Holdings Corp.'s bid to emerge from Chapter 11 bankruptcy
protection.

In exchange for the funding, the consortium will acquire TCEH,
EFH's unit, which is also in bankruptcy.

The financing and TCEH buyout transaction form part of a Plan
Support Agreement that EFH and its debtor-affiliates entered into
on August 9, 2015, with various of their respective creditors, the
sponsor equity owners of EFH Corp., the statutory committee of
unsecured creditors of the TCEH Debtors and EFH Corporate Services,
and other third parties in order to effect an agreed upon
restructuring of the Debtors pursuant to the Third Amended Plan.

Pursuant to the Plan Support Agreement, the parties agreed, subject
to the terms and conditions contained in the Plan Support
Agreement, to support the Debtors' proposed restructuring pursuant
to the Third Amended Plan.

Under the terms of the Third Amended Plan, among other things and
subject to certain conditions and required regulatory approvals:

     * TCEH will execute a transaction that will result in a
partial step-up in the tax basis of certain TCEH assets;

     * the Reorganized TCEH Spin-Off will occur;

     * a consortium consisting of certain TCEH unsecured creditors,
an affiliate of Hunt Consolidated, Inc. and certain other investors
designated by Hunt will acquire reorganized EFH Corp.;

     * in connection with the EFH Acquisition:

          (i) the Investor Group will invest or raise approximately
$12.6 billion of equity and debt financing,

         (ii) a successor to Reorganized EFH will be converted to a
real estate investment trust ("REIT") under the Internal Revenue
Code, and

       (iii) all allowed claims against EFH Corp. and the EFIH
Debtors will be repaid in full (excluding any claims derived from
or based upon makewhole, applicable premium, redemption premium or
other similar payment provisions, or any other alleged premiums,
fees, or claims relating to the repayment of claims and unsecured
claims for post-petition interest in excess of the federal judgment
rate of interest, each of which will be disallowed under the Third
Amended Plan; and

     * the Debtors, its sponsor equity owners, certain settling
TCEH first lien creditors, certain settling TCEH second lien
creditors, certain settling TCEH unsecured creditors and the
official committee of unsecured creditors of the TCEH Debtors --
Settling Parties -- agreed to settle disputes, claims and causes of
actions set forth in the Settlement Agreement.

Under certain circumstances, including if the EFH Acquisition is
not completed, certain of the parties to the Plan Support Agreement
are required not to object to or interfere with a backup plan of
reorganization so long as it meets certain minimum conditions.
Portions of the Plan Support Agreement may be terminated upon the
occurrence of certain events described in the Plan Support
Agreement.

In addition, the Plan Support Agreement may be terminated if
certain creditor parties holding a defined percentage ownership of
claims against the Debtors have not executed the Plan Support
Agreement on or before August 31, 2015. In addition, under the Plan
Support Agreement, the supporting parties have committed to support
the inclusion of releases with respect to the claims described in
the Settlement Agreement in the context of an alternative plan
(which would become effective when the plan becomes effective).

Under the Plan Support Agreement, the Debtors will seek Bankruptcy
Court approval of the Plan Support Agreement.

A copy of the Plan Support Agreement is available at
http://is.gd/KcuXfd


         Parties that Entered Into Plan Support Agreement

     (a) EFH and its debtor affiliates;

     (b) the Creditor-Investor Parties, comprised of:

              (i) Anchorage Capital Master Offshore, Ltd. and
                  PCI Fund LLC,

             (ii) Arrowgrass Master Fund Ltd.,

            (iii) Arrowgrass Distressed Opportunities Fund
                  Limited,

             (iv) BlackRock Financial Management, Inc., solely
                  on behalf of the undersigned funds and accounts
                  under management,

              (v) Centerbridge Partners L.P., solely on behalf
                  of the undersigned funds and accounts it
                  manages or advises,

             (vi) GSO Capital Partners LP, solely on behalf of
                  the undersigned funds and accounts it manages
                  or advises,

            (vii) Taconic Capital Advisors L.P., on behalf of
                  funds and accounts under management,

           (viii) Balyasny Asset Management, L.P., solely on
                  behalf of the undersigned funds and accounts it
                  manages or advises,

             (ix) BHR Capital LLC, solely on behalf of the
                  undersigned funds and accounts it manages or
                  advises,

              (x) Cyrus Capital Partners, L.P., solely on behalf
                  of the undersigned funds and accounts it
                  manages or advises, and

             (xi) Deutsche Bank Securities Inc.

     (c) the Hunt-Investor Parties, comprised of:

            (i) Hunt Power Holdings, L.L.C.;

           (ii) Pecos Partners, L.P.,

          (iii) Flourish Investment Corporation, and

           (iv) Avenue Capital Management II, L.P.

     (d) the Investor parties comprised of:

            (i) Ovation Acquisition I, L.L.C. ("Parent") and

           (ii) Ovation Acquisition II, L.L.C. ("OV2")

     (e) Texas Energy Future Holdings Limited Partnership,
         ("Texas Holdings"), a Texas limited partnership, which
         holds approximately 99.26% of the outstanding equity
         interests in EFH;

     (f) Texas Energy Future Capital Holdings LLC, a Delaware
         limited liability company and the general partner of
         Texas Holdings ("TEF");

     (g) Kohlberg Kravis Roberts & Co., L.P., TPG Capital, L.P.
         and Goldman, Sachs & Co., in their capacities as
         managers and agents for funds holding indirect equity
         interests in EFH -- the Sponsors managers;

     (h) beneficial holders or investment advisors or
         managers for such beneficial holders or discretionary
         accounts of such beneficial holders -- Consenting TCEH
         First Lien Lenders -- that hold claims against the TCEH
         Debtors under the Credit Agreement, dated as of October
         10, 2007, by and among, inter alia, TCEH, as borrower,
         EFCH and the TCEH Subsidiaries, as guarantors,
         Wilmington Trust, N.A., as successor administrative
         agent and collateral agent -- TCEH First Lien Agent --
         and the lenders from time to time party thereto;

     (i) the TCEH First Lien Agent;

     (j) beneficial holders or investment advisors or
         managers for such beneficial holders or discretionary
         accounts of such beneficial holders -- Consenting TCEH
         First Lien Noteholders -- that hold claims -- TCEH First
         Lien Note Claims -- against the TCEH Debtors arising out
         of the 11.50% fixed senior secured notes due October 1,
         2020 issued pursuant to the Indenture, dated as of April
         19, 2011, by and among, inter alia, TCEH and TCEH
         Finance, as issuers, EFCH and the TCEH Subsidiaries, as
         guarantors, and Delaware Trust Company (f/k/a CSC Trust
         Company of Delaware), as successor trustee;

     (k) beneficial holders or investment advisors or managers
         for such beneficial holders or discretionary accounts of
         such beneficial holders -- Consenting TCEH First Lien
         Swap Counterparties -- that hold claims -- TCEH First
         Lien Swap Claims -- against the TCEH Debtors arising out
         of or related to the interest rate swaps entered into by
         TCEH and secured by a first lien on the same collateral
         as the TCEH Credit Agreement Claims and TCEH First Lien
         Note Claims;

     (l) beneficial holders or investment advisors or managers
         for such beneficial holders or discretionary accounts of
         such beneficial holders -- Consenting TCEH First Lien
         Commodity Hedge Counterparties (together with the
         Consenting TCEH First Lien Lenders, Consenting TCEH
         First Lien Noteholders and Consenting TCEH First Lien
         Swap Counterparties, the Consenting TCEH First Lien
         Creditors) -- that hold claims against the TCEH Debtors
         arising out of or related to the commodity hedges
         entered into by TCEH and secured by a first lien on the
         same collateral as the TCEH Credit Agreement Claims and
         TCEH First Lien Note Claims;

     (m) beneficial holders or investment advisors or managers
         for such beneficial holders or discretionary accounts of
         such beneficial holders -- Consenting TCEH Unsecured
         Noteholders -- that hold claims against the TCEH Debtors
         arising out of the 10.25% Fixed Senior Notes due 2015
         (including Series B) and 10.50%/11.25% Senior Toggle
         Notes due 2016 issued pursuant to the Indenture dated as
         of October 31, 2007 by and among, inter alia, TCEH and
         TCEH Finance, as issuers, and EFCH and the TCEH
         Subsidiaries, as guarantors, and Law Debenture Trust
         Company of New York, as successor indenture trustee to
         The Bank of New York Mellon;

     (n) beneficial holders or investment advisors or managers
         for such beneficial holders or discretionary accounts of
         such beneficial holders -- Consenting TCEH Second Lien
         Noteholders -- that hold claims against the TCEH Debtors
         arising out of the 15.0% Fixed Senior Secured Second
         Lien Notes due 2021 (including Series B) issued pursuant
         to the Indenture dated as of October 6, 2010, by and
         among, inter alia, TCEH and TCEH Finance, as issuers,
         EFCH and the TCEH Subsidiaries, as guarantors, and
         Wilmington Savings Fund Society, as successor indenture
         trustee to The Bank of New York Mellon; and

     (o) the statutory committee of unsecured creditors of the
         TCEH Debtors and EFH Corporate Services appointed in the
         Chapter 11 Cases pursuant to section 1102 of the
         Bankruptcy Code by the U.S. Trustee on May 13, 2014


                      Counsel to PSA Parties

Counsel to Creditor-Investor Party or Consenting TCEH Unsecured
Noteholder:

     WHITE & CASE LLP
     1155 Avenue of the Americas
     New York, NY 10036
     Attention: Gregory Pryor
                J. Christopher Shore
     E-mail: gpryor@whitecase.com
             cshore@whitecase.com

          - and -

     WHITE & CASE LLP
     Southeast Financial Center
     200 S. Biscayne Blvd., Suite 4900
     Miami, FL 33131
     Attention: Thomas E Lauria
                Matthew C. Brown
     E-mail: tlauria@whitecase.com
             mbrown@whitecase.com

Counsel to Hunt-Investor Party:

     BAKER BOTTS L.L.P.
     2001 Ross Avenue, Suite 600
     Dallas, TX 75201
     Attention: Geoffrey L. Newton,
                C. Luckey McDowell
                Preston Bernhisel
     E-mail: geoffrey.newton@bakerbotts.com
             luckey.mcdowell@bakerbotts.com
             preston.bernhisel@bakerbotts.com

          - and -

     VINSON & ELKINS LLP
     1001 Fannin Street
     Houston, TX 77002
     Attention: Trina H. Chandler
                Paul E. Heath
     E-mail: tchandler@velaw.com
             pheath@velaw.com

Counsel to Consenting Interest Holder:

     WACHTELL LIPTON ROSEN & KATZ
     51 W. 52nd Street
     New York, NY 10019
     Attention: Richard G. Mason
                Emil A. Kleinhaus
                Austin T. Witt
     E-mail: rgmason@wlrk.com
             eakleinhaus@wlrk.com
             awitt@wlrk.com

Counsel to Consenting TCEH First Lien Creditor:

     PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
     1285 Avenue of the Americas
     New York, NY York 10019
     Attention: Alan W. Kornberg
                Brian S. Hermann
                 Jacob A. Adlerstein
     E-mail: akornberg@paulweiss.com
             bhermann@paulweiss.com
             jadlerstein@paulweiss.com

Counsel to Consenting TCEH Second Lien Noteholder:

     BROWN RUDNICK LLP
     Seven Times Square
     New York, NY 10036
     Attention: Edward S. Weisfelner
     E-mail: eweisfelner@brownrudnick.com


ENERGY FUTURE: Other Funding Arrangements Disclosed
---------------------------------------------------
Energy Future Holdings Corp. disclosed in a regulatory filing with
the Securities and Exchange Commission earlier this week the other
funding arrangements in connection with the execution of the Merger
and Purchase Agreement with Ovation Acquisition:

     -- Equity Funding Arrangement

In connection with the execution of the Merger and Purchase
Agreement with Ovation Acquisition, each member of the Investor
Group -- the Equity Commitment Parties -- delivered:

     (a) an equity commitment letter in favor of EFH Corp.
(including Reorganized EFH), EFIH and the Purchasers pursuant to
which, among other things, the Equity Commitment Parties committed,
subject to the terms and conditions thereof, to invest in one or
more of the Purchasers an aggregate amount equal to $2,012,750,000
(assuming the TTI Acquisition is completed), and

      (b) a limited guarantee in favor of EFH Corp. (including
Reorganized EFH) and EFIH pursuant to which, among other things,
each such Equity Commitment Party committed, subject to the terms
and conditions thereof, to pay its pro rata share of all fees,
costs or expenses payable by the Purchasers under the Merger and
Purchase Agreement or under the Third Amended Plan if such fees,
costs or expenses become payable pursuant thereto.

The aggregate liability of the Equity Commitment Parties under the
Guarantee is capped at $35.0 million. The obligation of the Equity
Commitment Parties to fund their equity commitments under the
Equity Commitment Letter is subject to satisfaction of the
conditions to the completion of the EFH Acquisition as set forth in
the Merger and Purchase Agreement and the Equity Commitment Letter.
If the Equity Commitment Letter is terminated for any reason, the
Equity Commitment Parties will have no liability to the Debtors
under the Equity Commitment Letter.

Except in limited circumstances, EFH Corp. and EFIH have waived
their respective rights under the Equity Commitment Letter to seek
any legal or equitable remedies (including money damages and
specific performance) against the Equity Commitment Parties.

The Equity Commitment Parties are:

Anchorage Capital Master Offshore, Ltd.
Arch Reinsurance Ltd.
Arrowgrass Distressed Opportunities Fund Limited
Arrowgrass Master Fund Ltd.
Atlas Enhanced Master Fund, Ltd.
Atlas Master Fund, Ltd.
Avenue Capital Management, L.P.
Bam Zie Master Fund, Ltd.
BGF Global High Yield Bond Fund
BGF Global Multi-Asset Income Fund, a sub-fund of BlackRock Global
Funds
BGF US Dollar High Yield Bond Fund
BHR Capital LLC, as nominee for BHCO Master, Ltd., BHR Master Fund,
Ltd. and BHR OC Master Fund, Ltd.
BlackRock Core Bond Trust
BlackRock Corporate High Yield Fund, Inc.
BlackRock Credit Allocation Income Trust IV
BlackRock Credit Alpha Master Fund L.P.
BlackRock Diversified Distribution Fund
BlackRock Dynamic High Income Portfolio of BlackRock Funds II
BlackRock Funds II, BlackRock High Yield Bond Portfolio
BlackRock Funds II, BlackRock Strategic Income Opportunities
Portfolio
BlackRock Global Investment Series: Income Strategies Portfolio
BlackRock Global Long/Short Credit Fund Of BlackRock Funds
BlackRock High Yield Portfolio of the BlackRock Series Fund, Inc.
BlackRock High Yield V.I. Fund of BlackRock Variable Series Funds,
Inc.
BlackRock Limited Duration Income Trust
BlackRock Multi-Asset Income Portfolio of BlackRock Funds II
BlackRock Multi-Sector Income Trust
BlackRock Multi-Strategy Master Fund Limited
BlackRock Secured Credit Portfolio of BlackRock Funds II
CA 534 Offshore Fund, Ltd
Centerbridge Credit Partners Master, L.P.
Centerbridge Credit Partners, L.P.
Centerbridge Special Credit Partners II, L.P.
Crescent 1, L.P.
CRS Master Fund, L.P.
Cyrus Opportunities Master Fund II, Ltd.
Cyrus Select Opportunities Master Fund, Ltd.
Deutsche Bank Securities Inc.
Flourish Investment Corporation
GSO Aiguille Des Grands Montets Fund I LP
GSO Aiguille Des Grands Montets Fund II LP
GSO Aiguille Des Grands Montets Fund III LP
GSO Cactus Credit Opportunities Fund LP
GSO Churchill Partners LP
GSO Coastline Credit Partners LP
GSO Credit Alpha Fund LP
GSO Credit-A Partners LP
GSO Palmetto Opportunistic Investment Partners LP
GSO Special Situations Master Fund LP
Hunt Power Holdings L.L.C.
JNL/BlackRock Global Long Short Credit Fund
MET Investors Series Trust - BlackRock High Yield Portfolio
The Obsidian Master Fund
Pecos Partners, L.P.
PCI Fund LLC
Steamboat Credit Opportunities Master Fund LP
Strategic Income Opportunities Bond Fund
Taconic Master Fund 1.5 L.P.
Taconic Opportunity Master Fund L.P.


     -- $5.7 Billion Debt Funding Arrangement

Energy Future Holdings Corp. disclosed in a regulatory filing
earlier this week with the Securities and Exchange Commission that
in connection with the execution of the Merger and Purchase
Agreement with Ovation Acquisition, which is being formed by a
consortium of investors led by Hunt Consolidated, the Investor
Group entered into a commitment letter with Morgan Stanley Senior
Funding, Inc. pursuant to which the Debt Commitment Lender
committed to fund up to $5.5 billion under a senior secured term
loan facility and $250 million under a senior secured bridge loan
facility to reorganized EFIH and its subsidiaries at the closing of
the EFH Acquisition. The obligations of the Debt Commitment Lender
to fund the debt commitment are subject to (a) satisfaction of the
conditions to the completion of the EFH Acquisition as set forth in
the Merger and Purchase Agreement and (b) the funding contemplated
by the Equity Commitment Letters.


     -- TTI Acquisition

In connection with, and in furtherance of, the EFH Acquisition and
the Rights Offering, the Purchasers, EFH Corp. and EFIH have
formulated a plan to create and implement an IPO Conversion (as
such term is defined in the Investor Rights Agreement, dated as of
November 5, 2008, among Oncor and certain of its direct and
indirect equityholders, including EFH Corp. and Texas Transmission
Investment LLC ("TTI")), pursuant to which one of the Purchasers,
as the successor to Reorganized EFH as a result of the EFH
Acquisition, would serve as an IPO Corporation.

In connection with the execution of the Merger and Purchase
Agreement, the Purchasers have delivered to EFH Corp. an offer to
purchase substantially all of the outstanding IPO Units (as defined
in the Investor Rights Agreement) in the IPO Corporation and all of
the LLC Units (as defined in the Investor Rights Agreement) in
Oncor held by TTI. Unless the Purchasers have otherwise acquired,
or entered into a definitive agreement with TTI for the acquisition
by the Purchasers of the LLC Units held by TTI at the consummation
of the EFH Acquisition, EFH Corp. may be required under the terms
of the Merger and Purchase Agreement to exercise certain rights
contained in the Investor Rights Agreement to require TTI to sell
its LLC Units to the Purchasers in connection with the EFH
Acquisition.


ENERGY FUTURE: Terms of Ovation Deal, Rights Offering & Backstop
----------------------------------------------------------------
Energy Future Holdings Corp. and Energy Future Intermediate Holding
Company LLC on August 9, 2015, entered into a Purchase Agreement
and Agreement and Plan of Merger with two acquisition entities,
Ovation Acquisition I, L.L.C. and Ovation Acquisition II, L.L.C,
which are controlled by the Investor Group.

Pursuant to the Merger and Purchase Agreement, at the effective
time of the Third Amended Plan and immediately after consummation
of the Reorganized TCEH Spin-Off, the Investor Group will acquire
Reorganized EFH through a series of transactions set forth in the
Merger and Purchase Agreement.

The Merger and Purchase Agreement contemplates that funds received
by the Purchasers pursuant to the Equity Commitment Letter,
pursuant to the Debt Commitment Letter and from the Rights Offering
and Backstop, will be used to facilitate the acquisition of
Reorganized EFH and fully satisfy the allowed claims of holders of
claims and interests in EFH Corp. and EFIH in cash pursuant to the
Third Amended Plan and, if applicable, to complete the TTI
Acquisition.

The Merger and Purchase Agreement contains representations and
warranties and interim operating covenants that are customary for
an agreement of this nature. The Merger and Purchase Agreement also
includes various conditions precedent to consummation of the
transactions contemplated thereby. The Purchasers' conditions
precedent include, among other things, a condition that certain
approvals and rulings be obtained, including from, among others,
the Public Utility Commission of Texas (the "PUCT") and the
Internal Revenue Service ("IRS"), that are necessary to consummate
the acquisition and convert a successor to Reorganized EFH into a
REIT. Subject to limited exceptions, the Purchaser will not be
required to consummate the EFH Acquisition or the other
transactions contemplated by the Merger and Purchase Agreement if,
among other items, (a) the PUCT approval is obtained but with
conditions, commitments or requirements that, among other things,
subject the operations of Oncor to any restriction, limitation,
condition or obligation that differs materially and adversely from
those currently applicable to Oncor or would prevent Oncor from
recovering in rates material expenditures recovered by Oncor in its
rates consistent with its past practices or (b) a private letter
ruling from the IRS is not obtained by EFH Corp. with certain
required rulings as set forth in the Merger and Purchase
Agreement.

The Merger and Purchase Agreement may be terminated upon certain
events, including, among other things, (a) by either party, if
certain termination events occur under the Plan Support Agreement,
including if the EFH Acquisition is not completed by April 30,
2016, subject to extension to June 30, 2016 or August 31, 2016
under certain conditions, (b) by EFH Corp. or EFIH if their
respective board of directors or managers determines in good faith
after consultation with its outside financial advisors and outside
legal counsel that proceeding with the transactions contemplated by
the Merger and Purchase Agreement would be inconsistent with its
applicable fiduciary duties or (c) by the Purchasers if EFH Corp.
or EFIH fails to meet various milestones related to the Debtors'
bankruptcy cases or otherwise materially breaches the Merger and
Purchase Agreement.

If the Merger and Purchase Agreement is terminated for any reason
(including, among other things, due to failure to complete the EFH
Acquisition within the timeframes described therein), except in
limited circumstances, the Purchasers and the Investor Group will
have no liability to the Debtors thereunder. Except in limited
circumstances, EFH Corp. and EFIH have waived their respective
rights under the Merger and Purchase Agreement to seek any legal or
equitable remedies (including money damages and specific
performance) against the Purchasers or the Investor Group.
EFH Corp.'s and EFIH's respective obligations under the Merger and
Purchase Agreement are subject in all respects to the prior
approval of the Bankruptcy Court.

Under the terms of the Plan Support Agreement, the Debtors expect
to seek Bankruptcy Court approval of the Merger and Purchase
Agreement.

A copy of the Merger and Purchase Agreement is available at

     http://is.gd/06DnII

                          Rights Offering

As contemplated by the Third Amended Plan, prior to the effective
time of the Third Amended Plan, OV1 will conduct an offering of
equity rights to holders of unsecured debt claims, second lien debt
claims, general unsecured claims and first lien secured claims
against TCEH enabling the Rights Offering Participants to purchase
an aggregate of $5,787,250,000 of common stock of OV1 -- as the
successor by merger of Reorganized EFH -- of which $5,087,250,000
of such common stock will be offered to holders of unsecured debt
claims, second lien debt claims, and general unsecured claims
against TCEH, and $700,000,000 of such common stock will be offered
to holders of first lien secured claims against TCEH.

The issuance of all or a portion of the Rights (and related shares
of common stock) is expected to be registered under the Securities
Act of 1933 and the issuance of any remaining portion of the Rights
(and related shares of common stock) will be conducted in a private
placement pursuant to an exemption from the registration
requirements provided by Section 4(a)(2) under the Securities Act.


                         Backstop Agreement

Pursuant to a Backstop Agreement, dated as of August 9, 2015, among
certain investors named therein and their permitted assignees, EFH
Corp., EFIH and OV1, the Backstop Purchasers have agreed to
backstop $5,087,250,000 of Rights offered to certain of the Rights
Offering Participants.  The obligation of the Purchasers to release
the funds received in the Rights Offering from escrow is subject to
satisfaction of the conditions to the completion of the EFH
Acquisition as set forth in the Merger and Purchase Agreement and
the Backstop Agreement.

If the Backstop Agreement is terminated for any reason, the
Backstop Purchasers will have no liability to the Debtors
thereunder.  EFH Corp. and EFIH have waived their respective rights
under the Backstop Agreement to seek any legal or equitable
remedies (including money damages and specific performance) against
the Backstop Purchasers.  Ovation, meanwhile, is required to pay to
the Investors a backstop premium consisting of an aggregate number
of shares of Common Stock having an aggregate value of
$305,000,000.

EFH Corp.'s and EFIH's respective obligations under the Backstop
Agreement are subject in all respects to the prior approval of the
Bankruptcy Court. The Debtors expect to seek Bankruptcy Court
approval of the Backstop Agreement.

A copy of the Backstop Agreement is available at
http://is.gd/0gDY1J


ENERGY FUTURE: Terms of Settlement Agreement With Creditors
-----------------------------------------------------------
Energy Future Holdings Corp. and its debtor affiliates also entered
into a Settlement Agreement dated Aug. 9 with various parties.

The Parties agree to compromise and settle, among other things (a)
intercompany claims among the Debtors; (b) claims and causes of
actions against holders of first lien claims against TCEH and the
administrative agent and collateral agent under TCEH's pre-petition
secured credit agreement; (c) claims and causes of action against
holders of interests in EFH Corp. and certain related entities; and
(d) claims and causes of action against each of the Debtors'
current and former directors, managers and officers, and other
related entities.

The Settlement Agreement contemplates a release of such claims upon
approval of the Settlement Agreement by the Bankruptcy Court, and
the release of such claims would remain effective regardless of
whether the EFH Acquisition is completed.

The Debtors expect to seek Bankruptcy Court approval of the
Settlement Agreement at the confirmation hearing for the Third
Amended Plan.

A copy of the Settlement Agreement is available at
http://is.gd/KQYxik

Parties to the Settlement Agreement are:

     (a) EFH and its debtor affiliates;

     (b) Texas Energy Future Holdings Limited Partnership,
         ("Texas Holdings"), a Texas limited partnership, which
         holds approximately 99.26% of the outstanding equity
         interests in EFH;

     (c) Texas Energy Future Capital Holdings LLC, a Delaware
         limited liability company and the general partner of
         Texas Holdings ("TEF");

     (d) Kohlberg Kravis Roberts & Co., L.P., TPG Capital, L.P.
         and Goldman, Sachs & Co., in their capacities as
         managers and agents for funds holding indirect equity
         interests in EFH -- the Sponsors managers;

     (e) beneficial holders or investment advisors or managers
         for such beneficial holders or discretionary accounts of
         such beneficial holders -- Settling TCEH First Lien
         Creditors -- that hold claims against the TCEH Debtors
         (i) under the Credit Agreement, dated as of October 10,
         2007 by and among, inter alia, TCEH, as borrower, EFCH
         and the TCEH Subsidiaries, as guarantors, Wilmington
         Trust, N.A., as successor administrative agent and
         collateral agent, and the lenders from time to time party
         thereto, (ii) arising out of the 11.50% fixed senior
         secured notes due October 1, 2020 issued pursuant to the
         Indenture, dated as of April 19, 2011, by and among,
         inter alia, TCEH and TCEH Finance, as issuers, EFCH and
         the TCEH Subsidiaries, as guarantors, and Delaware Trust
         Company (f/k/a CSC Trust Company of Delaware), as
         successor trustee, (iii) arising out of or related to the
         interest rate swaps entered into by TCEH and secured by a
         first lien on the same collateral as the claims arising
         under the TCEH Credit Agreement and the TCEH First Lien
         Indenture, and/or (iv) arising out of or related to the
         commodity hedges entered into by TCEH and secured by a
         first lien on the same collateral as the claims arising
         under the TCEH Credit Agreement and the TCEH First Lien
         Indenture;

     (f) beneficial holders or investment advisors or managers for
         such beneficial holders or discretionary accounts of such
         beneficial holders -- Settling TCEH Unsecured
         Noteholders -- that hold claims against the TCEH Debtors
         arising out of the 10.25% Fixed Senior Notes due 2015
         (including Series B) and 10.50%/11.25% Senior Toggle
         Notes due 2016 issued pursuant to the Indenture dated as
         of October 31, 2007 by and among, inter alia, TCEH and
         TCEH Finance, as issuers, and EFCH and the TCEH
         Subsidiaries, as guarantors, and Law Debenture Trust
         Company of New York, as successor indenture trustee to
         The Bank of New York Mellon;

     (g) beneficial holders or investment advisors or managers for
         such beneficial holders or discretionary accounts of such
         beneficial holders -- Settling TCEH Second Lien
         Noteholders -- that hold claims against the TCEH Debtors
         arising out of the 15.0% Fixed Senior Secured Second Lien
         Notes due 2021 (including Series B) issued pursuant to
         the Indenture dated as of October 6, 2010, by and among,
         inter alia, TCEH and TCEH Finance, as issuers, EFCH and
         the TCEH Subsidiaries, as guarantors, and Wilmington
         Savings Fund Society, as successor indenture trustee to
         The Bank of New York Mellon; and

     (h) the statutory committee of unsecured creditors of the
         TCEH Debtors and EFH Corporate Services appointed in the
         Chapter 11 Cases pursuant to section 1102 of the
         Bankruptcy Code by the U.S. Trustee on May 13, 2014


ESTERLINA VINEYARDS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Esterlina Vineyards & Winery, LLC
           dba Everett Ridge Winery and Vineyard
        435 West Dry Creek Road
        Healdsburg, CA 95448

Case No.: 15-10841

Chapter 11 Petition Date: August 12, 2015

Court: United States Bankruptcy Court
       Northern District of California (Santa Rosa)

Judge: Hon. Thomas E. Carlson

Debtor's Counsel: Douglas B. Provencher, Esq.
                  LAW OFFICES OF PROVENCHER & FLATT LLP
                  823 Sonoma Ave.
                  Santa Rosa, CA 95404
                  Tel: (707)284-2380
                  Email: dbp@provlaw.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Eric Sterling, president.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Aaction Rents                                               $502
Amorim Cork America                                       $6,080
Craig Sterling                                              $894
EBA Engineering                                           $9,000
Encore Event Rentals                                        $886
Environment Control                                       $1,572
ETS Laboratories                                            $364
Francis Coppola Winery LLC                               $14,287
Francois Freres USA, Inc.                                 $5,999
Golden State Overnight                                      $294
Kaiser Foundation Health Plan, Inc.                       $3,875
M.A. Silva Corks, USA                                    $25,274
Mill Creek Bottling Services                              $5,236
Performance Pump Service                                  $4,071
Principal Life Insurance Company                            $558
Redwood Empire Disposal                                     $346
Steve Sterling                                              $705
Ultima Bottling                                           $9,000
Vinquiry                                                    $678
Wisconsin Department of Revenue                             $250


EURAMAX INT'L: S&P Raises Corp. Credit Rating to B-, Outlook Stable
-------------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Norcross, Ga.-based Euramax International Inc. to 'B-'
from 'CCC'.  At the same time, S&P removed the rating from
CreditWatch, where it had placed it with developing implications on
July 23, 2015.  The outlook is stable.

S&P also assigned its 'B-' issue-level rating to the company's
proposed $385 million senior secured notes.  The recovery rating on
the notes is '4', indicating S&P's expectation for average (30% to
50%; at the low end of the range) recovery in the event of payment
default.

"The upgrade and stable outlook reflect our view that Euramax is no
longer dependent on favorable business, financial, and economic
conditions to meet its financial commitment on its obligations,"
said Standard & Poor's credit analyst Thomas O'Toole.  "With the
successful refinancing of its capital structure, we believe that
Euramax has stabilized liquidity enough to continue to drive
operating performance through its recent cost-cutting program and
operational overhaul," he added.

S&P expects earnings will increase over the next several quarters,
but even if management meets its targeted projections, S&P expects
the company to remain in the "highly leveraged" category, with debt
to EBITDA of more than 8x and interest coverage slightly in excess
of 1x throughout the rest of 2015.

The stable rating outlook on Euramax International Inc. reflects
S&P's view that the company's adequate liquidity position supports
the rating despite S&P's expectation that its financial risk
profile will remain highly leveraged throughout 2015.  S&P expects
internal cost reductions and some product expansion, aided by
slowly recovering construction markets in the U.S., to contribute
to EBITDA of $65 million to $70 million in 2015, up from $60
million in 2014.

S&P could lower the rating on Euramax if S&P no longer viewed the
company's liquidity as adequate.  This could occur if the company
had higher-than-expected working capital needs or availability on
its ABL dropped.

Given Euramax's very high leverage, S&P do not view an upgrade as
likely over the next year because its base case forecast calls for
only slight improvement in the company's credit measures.  However,
S&P could raise the rating if the company decreased leverage to 5x
or below, possibly through better-than-expected results from its
cost-cutting plan or significant debt reduction.



EXCEL TRUST: S&P Affirms 'BB+' Corporate Credit Rating
------------------------------------------------------
Standard & Poor's Ratings Services placed its issue-level rating on
Excel Trust L.P.'s $250 million unsecured notes on CreditWatch
negative.

S&P placed its ratings on Excel Trust L.P.'s notes on CreditWatch
after the company issued a tender offer and solicited consent from
its bond holders to eliminate certain restrictive covenants
(maintenance of unencumbered assets) and events of default
contained in the indenture of its outstanding unsecured notes.

On Aug. 6, 2015, Excel Trust, a subsidiary of BRE Retail Centers
Holdings LP (BRE), announced a cash tender offer for its $250
million 4.625% senior notes due 2024, which includes changes in the
covenants of the notes that remain outstanding at the expiration of
the tender offer.  Holders that agree to the amended indenture
prior to the Aug. 20, 2015, deadline will be eligible to receive an
additional payment of $30 per $1,000.  Those that consent after the
deadline will receive $970 per $1,000, as offered in the tender.

If the majority of the holders deliver consent, the offer will be
considered fully accepted and the notes that are not tendered will
no longer be entitled to the benefits of certain covenants
specifically: restrictions to Excel's ability to incur further
debt, elimination of the requirement to maintain unencumbered
assets and payment acceleration of the notes.  This would diminish
recovery prospects for note holders that do not tender the bonds.

S&P currently rates Excel's $250 million unsecured notes at 'BBB-',
one notch above S&P's 'BB+' corporate credit rating and based on
substantial (70%-90%, high end) recovery expectations.

S&P will resolve the CreditWatch negative placement when the
consent solicitation period closes on Aug. 20, 2015.  At that time,
S&P will be able to assess the full impact of the tender offer on
the notes, based on the proportion of holders that agree to tender
the bonds.  S&P could lower its rating on Excel's outstanding notes
if the company encumbers assets and diminishes recovery prospects.


S&P does not see an immediate effect on the corporate credit rating
of BRE Retail Centers Corp. (formerly Excel Trust Inc.) as S&P's
analysis considers BRE Retail Centers Holdings LP, BRE Retail
Centers Corp., and Excel Trust as a consolidated corporate entity.


RATINGS LIST

Excel Trust Inc.
Corporate Credit Rating         BB+/Stable/--

Ratings On CreditWatch
                                  To                From
Excel Trust L.P.
$250 million unsecured notes     BBB-/Watch Neg    BBB-
   Recovery Rating                2H                2H



FCC HOLDINGS: Moody's Withdraws Caa1 Rating on Sr. Unsecured Notes
------------------------------------------------------------------
Moody's Investors Service has withdrawn the Caa1 rating, with
Stable outlook, on the Senior Unsecured Notes co-issued by FCC
Holdings, LLC and FCC Holdings Finance Subsidiary, Inc.  FCC
Holdings, LLC's Caa1 Corporate Family Rating, with Stable outlook,
has also been withdrawn.

RATINGS RATIONALE

Moody's has withdrawn the ratings for its own business reasons.
Please refer to the Moody's Investors Service's Policy for
Withdrawal of Credit Ratings.

The last rating action on FCC Holdings, LLC was on August 6, 2015,
when Moody's upgraded the rating on the Senior Unsecured Notes to
Caa1 from Ca and affirmed the Corporate Family Rating at Caa1.  At
the same time, Moody's revised the outlook on all ratings to Stable
from Negative.



FOUNDATION HEALTHCARE: Reports Second Quarter 2015 Results
----------------------------------------------------------
Foundation HealthCare, Inc., announced its financial results for
the second quarter of 2015 disclosing increased net revenue of
$31.9 million for the three months ended June 30, 2015, compared to
net revenue of $22 million for the same period a year ago.

Adjusted EBITDA increased 246 percent to $3.6 million for the
second quarter and 426 percent to $5.9 million year-to-date.

"Patient care is our number one priority at Foundation HealthCare
and a key differentiator in our business model," said Stanton
Nelson, CEO of Foundation HealthCare.  "Our physician partners and
our clinical teams continue to perform at a high level which is why
we believe our patient satisfaction scores are some of the highest
in the country."

"Our growth is fueled by a 47 percent increase in patient service
revenues in the second quarter at our majority owned hospitals and
year-to-date growth in patient service revenues at those hospitals
of 45 percent," said Nelson.

"The core of Foundation's growth strategy is to expand services at
our majority owned hospitals and acquire more of these hospitals.
While executing that strategy, we divested our minority interest in
the hospital in Sherman, Texas in June and used the proceeds to
reduce our term debt by $7 million and negotiated a $20 million
acquisition line of credit for operations and acquisitions," he
continued.

Net revenues and equity in earnings of affiliates in the second
quarter of 2015 were collectively $31.9 million, up 44% from $22.1
million in the second quarter of 2014.  The Company's net revenues
are composed of patient services, less its provision for doubtful
accounts, management fees from affiliates and other revenue.
Patient services revenue (net of the provision for doubtful
accounts) increased $8.9 million, or 47%, to $28.0 million during
the three months ended June 30, 2015, as compared to $19.0 million
in the same period of 2014.  The increase was primarily due to
increased revenue at our El Paso hospital generated by more complex
cases and increased revenues from ancillary services.

Operating expenses for the second quarter of 2015 were $30.1
million compared to $23.1 million in the second quarter of 2014.
The increase is due primarily to increased purchased services cost
directly related to the increased net revenues generated from
ancillary services.

The Company's operations, including the gain on the sale of the
Company's minority interest in the Sherman, Texas hospital resulted
in a net income attributable to Foundation HealthCare common stock
of $4.3 million during the second quarter of 2015, compared to a
net loss of $1.5 million during the second quarter of 2014.

Adjusted EBITDA was $3.6 million for the 2015 second quarter
compared to $1.0 million in the second quarter of 2014.

At June 30, 2015, cash and cash equivalents totaled $4.1 million,
compared to $2.9 million at Dec. 31, 2014.

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

                        http://is.gd/9eviXQ

                    About Foundation Healthcare

Oklahoma-based Foundation Healthcare is a healthcare services
company primarily focused on owning controlling interests in
surgical hospitals and the inclusion of ancillary service lines.
The Company currently owns controlling and noncontrolling
interests in surgical hospitals located in Texas.  The Company
also owns noncontrolling interests in ambulatory surgery centers
("ASCs") located in Texas, Oklahoma, Pennsylvania, New Jersey,
Maryland and Ohio.

Additionally, the Company provides sleep testing management
services to various rural hospitals in Iowa, Minnesota, Missouri,
Nebraska and South Dakota under management contracts with the
hospitals.  The Company provides management services to a majority
of its Affiliates under the terms of various management
agreements.  Prior to Dec. 2, 2013, the Company's name was
Graymark Healthcare, Inc.

Foundation Healthcare reported a net loss attributable to the
Company common stock of $2.09 million on $101.9 million of
revenues for the year ended Dec. 31, 2014, compared to a net loss
attributable to the Company common stock of $20.4 million on $87.2
million of revenues in 2013.

As of March 31, 2015, the Company had $58.1 million in total
assets, $66.3 million in total liabilities, $8.70 million in
preferred noncontrolling interest and a $16.9 million total
deficit.

Hein & Associates LLP, in Denver, Colorado, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company had insufficient working capital as of Dec. 31, 2014, to
fund anticipated working capital needs over the next twelve
months.


GREENWAY PARK: Case Summary & Largest Unsecured Creditor
--------------------------------------------------------
Debtor: Greenway Park, LLC
        4608 Sherburne Road
        Norman, OK 73072

Case No.: 15-13067

Chapter 11 Petition Date: August 12, 2015

Court: United States Bankruptcy Court
       Western District of Oklahoma (Oklahoma City)

Judge: Hon. Sarah A. Hall

Debtor's Counsel: Timothy Kline, Esq.
                  PHILLIPS MURRAH PC
                  Corporate Tower, 13th Floor
                  101 North Robinson Avenue
                  Oklahoma City, OK 73102
                  Tel: (405) 235-4100
                  Fax: (405) 235-4133
                  Email: tdkline@phillipsmurrah.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Phillip R Parker, managing member.

A list of the Debtor's largest unsecured creditor is available for
free at http://bankrupt.com/misc/okwb15-13067.pdf


GULF PACKAGING: Court Approves Crowe Horwath as Panel's Advisor
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Gulf Packaging,
Inc. sought and obtained permission from the Hon. Pamela S. Hollis
of the U.S. Bankruptcy Court for the Northern District of Illinois
to retain Crowe Horwath LLP as financial advisor to the Committee,
effective June 10, 2015.

The Committee requires Crowe Horwath to:

   (a) review and analysis of the Debtor's financial and cash flow

       performance as compared to its budget;

   (b) review of the Debtor's historical operating results, recent

       performance, business plan and associated restructuring
       initiatives and advise the Committee regarding the Debtor's

       business plans, cash flow forecasts, financial projections,

       cash flow reporting, claims, and plan alternatives;

   (c) advise the Committee with respect to available capital
       restructuring and sale and financing alternatives,
       including providing options regarding potential courses of
       action and assisting with the design, structuring and
       negotiation of alternative restructuring and transaction
       structures;

   (d) lead or assist in a sale process of the Debtor's assets and

       add strategic buyers to a sale process;

   (e) review and analyze any proposals the Debtor's receive from
       third parties in connection with a sale of the business or
       substantially all of its assets;

   (f) assist the Committee in identifying and valuing undisclosed

       assets, if any, and consult with the Debtor and its
       advisors on the progress of asset sales, locations,
       identification, and value;

   (g) preparation of estimated payout or distribution analyses;

   (h) assist the Committee and its counsel in developing
       strategies and related negotiations with the Debtor and
       other interested parties with respect to elements of the
       Debtor's treatment of the unsecured creditors under a
       proposed plan or such treatment under alternative
       proposals;

   (i) preparation of periodic reports and updates to the
       Committee regarding the status of the Debtor's post-
       petition operating performance, and various other issues
       as requested by the Committee to facilitate informed
       decisions;

   (j) advise the Committee regarding identity and value of
       avoidance actions; and

   (k) perform all other services as directed by the Committee or
       its counsel and as may be required in the interests of the
       creditors.

Crowe Horwath will be paid at these hourly rates:

       Michael D. Schwarzmann, Director    $395
       Dennis Kalten, Senior Manager       $380
       Jeffrey Fishel, Senior Manager      $310
       Partner                             $420-$530
       Director                            $395-$510
       Senior Manager                      $265-$460
       Manager                             $190-$325
       Senior Staff                        $160-$230
       Staff                               $135-$215

Crowe Horwath has agreed to cap the blended hourly bill rate for
standard bankruptcy related services for this engagement at $325.
This cap does not apply to tax, valuation, fraud/forensic, expert
witness, or other such services.

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

Michael D. 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 D. Schwarzmann
       CROWE HORWATH LLP
       15233 Ventura Boulevard, 9th Floor
       Sherman Oaks, CA 91403-2250
       Tel: (818) 501-5200
       Fax: (818) 907-9632

                         About Gulf Packaging

Formed as a Texas corporation in February 2012, Gulf Packaging Inc.
is a distributor of packaging equipment and supplies, which sells
its product by and through several independent entities.  GPI is a
private company, with its equity held in equal parts by the Fleck
Family Partnership, LLC and CWJ Eagle, LLC (which is affiliated
with the Cutshall family).

Gulf Packaging sought Chapter 11 protection (Bankr. N.D. Ill. Case
No. 15-15249) on April 29, 2015.  The Debtor disclosed $16,392,403
in assets and $29,764,425 in liabilities as of the Chapter 11
filing.

The case is assigned to Judge Pamela S. Hollis.  The Debtor tapped
FrankGecker LLP as counsel; BMC Group Inc. as claims and noticing
agent; and the firm of Gavin/Solmonese to provide Edward T. Gavin
as chief restructuring officer.

The U.S. Trustee appointed nine creditors to serve on an official
committee of unsecured creditors.


HERCULES OFFSHORE: Case Summary & 35 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

        Debtor                                   Case No.
        ------                                   --------
        Hercules Offshore, Inc.                  15-11685
        9 Greenway Plaza
        Suite 2200
        Houston, TX 77046

        Cliffs Drilling Company                  15-11694
        Cliffs Drilling Trinidad L.L.C.          15-11695
        FDT LLC                                  15-11696
        FDT Holdings LLC                         15-11697
        Hercules Drilling Company, LLC           15-11698
        Hercules Liftboat Company, LLC           15-11699
        Hercules Offshore Services LLC           15-11686
        Hercules Offshore Liftboat Company LLC   15-11687
        Hero Holdings, Inc.                      15-11688
        SD Drilling LLC                          15-11689
        The Offshore Drilling Company            15-11690
        The Onshore Drilling Company             15-11691
        Todco Americas Inc.                      15-11692
        Todco International Inc.                 15-11693

Type of Business: Hercules Offshore, Inc. and its debtor and non-
                  debtor subsidiaries are providers of
                  shallow-water drilling and marine services to
                  the oil and natural gas exploration and
                  production industry globally.  Hercules operates

                  a fleet of 27 self-elevating, mobile drilling
                  units, or "jackup rigs," including one rig under
                  construction, and 24 self-elevating, self-
                  propelled "liftboat" vessels.  This diverse
                  fleet is capable of providing services such as
                  oil and gas exploration and development
                  drilling, well service, platform inspection,
                  maintenance and decommissioning operations.

Chapter 11 Petition Date: August 13, 2015

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

Judge: Hon. Kevin J. Carey

Debtors'          Emanuel C. Grillo, Esq.
General           Christopher Newcomb, Esq.
Bankruptcy        BAKER BOTTS LLP
Counsel           30 Rockefeller Plaza
                  New York, NY 10112
                  Tel: 212-894-4000
                  Email: emanuel.grillo@bakerbotts.com

                     - and -

                  James Prince II, Esq.
                  C. Luckey McDowell, Esq.
                  Meggie S. Gilstrap, Esq.
                  BAKER BOTTS LLP (DALLAS)
                  2001 Ross Avenue
                  Dallas, TX 75201
                  Tel: (214) 953- 6500
                  Email: meggie.gilstrap@bakerbotts.com

Debtors'          Robert J. Dehney, Esq.
Local             Matthew B. Harvey, Esq.
Counsel:          Tamara K. Minott, Esq.
                  Eric D. Schwartz, Esq.
                  MORRIS, NICHOLS, ARSHT & TUNNELL LLP
                  1201 N. Market Street
                  P O. Box 1347
                  Wilmington, DE 19899-1347
                  Tel: (302) 658-9200
                  Fax: (302) 658-3989
                  Email: rdehney@mnat.com
                         mharvey@mnat.com
                         tminott@mnat.com
                         eschwartz@mnat.com

Debtors'          ANDREWS KURTH LLP
General
Corporate
Counsel:

Debtors'          LAZARD FRERES & CO. LLC
Investment
Banker:

Debtors'          ALVAREZ & MARSAL
Restructuring
Advisor:

Debtors'          PRIME CLERK LLC
Claims,
Notice and
Balloting
Agent:

Total Assets: $546.3 million as of Aug. 11, 2015

Total Debts: $1.3 billion as of Aug. 11, 2015

The petition was signed by Troy L. Carson, vice president and chief
financial officer.

Consolidated List of Debtors' 35 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
U.S. Bank National Association      8.75% Senior     $420,222,222
as Trustee                             Notes
Attn:  Mauri J. Cowen
5555 San Felipe St
Houston, TX 77056
Tel: (713) 235‐9206
Fax: (713) 235‐9213
Email: mauri.cowen@usbank.com

U.S. Bank National Association      7.50% Senior     $308,250,000
as Trustee                              Notes
Attn: Mauri J. Cowen
5555 San Felipe St
Houston, TX 77056
Tel: (713) 235‐9206
Fax: (713) 235‐9213
Email: mauri.cowen@usbank.com

U.S. Bank National Association      6.75% Senior     $307,425,000
as Trustee                              Notes
Attn: Mauri J. Cowen
5555 San Felipe St
Houston, TX 77056
Tel: (713) 235‐9206
Fax: (713) 235‐9213
Email: mauri.cowen@usbank.com

U.S. Bank National Association     10.250% Senior    $207,516,657
as Trustee                             Notes
Attn: Mauri J. Cowen
5555 San Felipe St
Houston, TX 77056
Tel: (713) 235‐9206
Fax: (713) 235‐9213
Email: mauri.cowen@usbank.com

The Bank of New York Trust        3.375% Convertible   $7,027,000
Company, National Association        Senior Notes
as Indenture Trustee
Attn: Gloria Goff
601 Travis St, 16th Floor
Houston, TX 77002
Tel: (713) 483‐6478
Fax: (713) 483‐6954
Email: gloria.goff@bnymellon.com

The Bank of New York                7.375% Senior      $3,592,082
as Trustee                             Notes
Attn: Gloria Goff
601 Travis St, 16th Floor
Houston, TX 77002
Tel: (713) 483‐6478
Fax: (713) 483‐6954
Email: gloria.goff@bnymellon.com

Crosby Tugs, LLC                     Trade Payable       $446,250
Attn: Kurt Crosby, CEO
177771 LA‐3235
Galliano, LA 70354
Tel: (985) 632‐7575
Fax: (985) 632‐7572
Email: kurt@crosbytugs.com

Safety Management Systems            Trade Payable       $202,603

Gj Land & Marine Food                Trade Payable       $191,216
Distributors Inc

RigNet Inc                           Trade Payable       $182,022

Reliable Engine Services             Trade Payable       $129,802

Offshore Equipment Solutions         Trade Payable       $127,705

NEXCO Engineering Services           Trade Payable       $102,858

National Oilwell Varco Pte Ltd       Trade Payable        $86,768

Kennedy Wire Rope & Sling Co.        Trade Payable        $65,631

C&G Boats, Inc.                      Trade Payable        $65,495

JAD Catering Services Limited        Trade Payable        $65,072

Action Specialties, L.L.C.           Trade Payable        $63,595

Oilfield Instrumentation USA         Trade Payable        $60,421

Inquest, Inc.                        Trade Payable        $58,567

Central Dispatch, Inc.               Trade Payable        $57,960

DNOW L.P.                            Trade Payable        $55,651

Charter Supply Company               Trade Payable        $55,191

Alexander/Ryan Marine Group Safety   Trade Payable        $54,912

RigNet Uk Limited                    Trade Payable        $52,297

Eagle's Flight of America, Inc.      Trade Payable        $43,750

Chandra Shipping & Trading Services  Trade Payable        $42,305

Loadmaster Derrick & Equipment Inc.  Trade Payable        $41,959

LHR Service & Equipment, Inc.        Trade Payable        $37,770

Allendorph Specialties Inc.          Trade Payable        $37,079

NOV Rig Solutions Pte Ltd            Trade Payable        $33,051

Intels Nigeria Limited               Trade Payable        $28,390

Axon Pressure Products               Trade Payable        $26,552

Martin Energy Services, LLC          Trade Payable        $26,548

Seatrax, Inc.                        Trade Payable        $24,890


HERCULES OFFSHORE: Files Chapter 11 Prepack Reorganization Plan
---------------------------------------------------------------
Hercules Offshore, Inc. on Aug. 13 disclosed that it has filed a
pre-packaged plan of reorganization under Chapter 11 of the U.S.
Bankruptcy Code to continue its financial restructuring of the
Company.  The Company anticipates that, among other things, it will
receive court authority to pay employee wages and benefits without
interruption and continue to pay trade creditors and suppliers in
the ordinary course of business.  The Chapter 11 reorganization is
expected to conclude in approximately 45-60 days.

As announced on July 13, the pre-packaged plan provides a
substantial deleveraging transaction pursuant to which more than
$1.2 billion of the Company's outstanding senior notes would be
converted to 96.9% of new common equity, and $450 million in new
debt financing would be provided by those holders of the senior
notes who wish to participate on a pro rata basis (with the full
amount backstopped by certain members of the steering group of
noteholders), which would fully fund the remaining construction
cost of the Hercules Highlander and provide additional liquidity to
fund the Company's operations.

The filing follows the completion of the solicitation process of
the Company's senior noteholders.  The solicitation process
resulted in overwhelming approval of the pre-packaged plan
presented by the Company.  More than 300 senior noteholders with
aggregate holdings in excess of $1.2 billion of senior notes have
voted to accept the Plan while only two holders with approximately
$320,000 of the senior notes voted against the Plan.

"[Thursd]day's filing is the next step in our financial
restructuring.  We are working toward a new capital structure which
will provide a better foundation for Hercules to meet the
challenges in the global offshore drilling market due to the
downcycle in crude oil prices and expected influx of newbuild
jackup rigs over the coming years," said President and Chief
Executive Officer John T. Rynd.  "The overwhelming support by the
noteholders of the plan will enable Hercules to expedite the
restructuring process and emerge by mid-fall.  We do not expect any
interruption to our daily operations as a result of [Thurs]day's
filing."

The Company has sufficient resources and recurring revenue from
operations to continue serving its customers.  Hercules will remain
focused on maintaining the highest quality of service and safety in
daily operations, meeting customer needs and keeping employees and
creditors informed as the restructuring progresses.

The plan also provides for the Company's current shareholders,
despite being substantially "out of the money" by approximately
$500 million, to have the opportunity to receive a pro rata portion
of the remaining 3.1% of the new common equity, as well as certain
warrants, subject to the requirements of the Plan and Court
approval (all as more fully described in the Plan).

Hercules filed its voluntary Chapter 11 petitions and pre-packaged
plan in the U.S. Bankruptcy Court for the District of Delaware in
Wilmington.  Information about the case can be found on
http://cases.primeclerk.com/hercules. The Company has set up a
hotline to answer questions about restructuring.  The hotline can
be accessed by dialing +1 (888) 647-1715 for domestic callers or +1
(310) 751-2619 for international callers.  The Company has also
posted FAQs on its website at http://www.herculesoffshore.com

This press release is not a solicitation to accept or reject the
proposed plan of reorganization referred to herein or an offer to
sell or a solicitation of an offer to buy any securities of the
Company.

                    About Hercules Offshore

Hercules Offshore Inc. (NASDAQ: HERO) --
http://www.herculesoffshore.com/-- provides shallow-water drilling
and marine services to the oil and natural gas exploration and
production industry in the United States, Gulf of Mexico and
internationally.  The Company provides these services to integrated
energy companies, independent oil and natural gas operators and
national oil companies.  The Company operates in six business
segments: Domestic Offshore, International Offshore, Inland,
Domestic Liftboats, International Liftboats and Delta Towing.

Hercules Offshore reported a net loss of $216 million in 2014,
compared with a net loss of $68.1 million in 2013.

As of March 31, 2015, the Company had $1.93 billion in total
assets, $1.37 billion in total liabilities and $559 million in
stockholders' equity.

                           *     *     *

The TCR reported in March 2015 that Moody's Investors Service
downgraded Hercules Offshore, Inc.'s Corporate Family Rating to
Caa2 from B2.  The Caa2 Corporate Family Rating (CFR) reflects the
company's contract roll-off and sparse contract coverage through
the June 2016, its aging fleet, and the projection for a
deterioration of its liquidity position.

As reported by the TCR on June 22, 2015, Standard & Poor's Ratings
Services lowered its corporate credit rating on Houston-based
offshore driller Hercules Offshore Inc. to 'CC' from 'CCC+'.  The
downgrade follows the Company's announcement that it has entered
into a restructuring support agreement with a steering group of the
company's senior noteholders, collectively owning or controlling in
excess of 67% of the aggregate outstanding principal amount of the
company's 10.25% senior notes due 2019, 8.75% senior notes due
2021, 7.5% senior notes due 2021, and 6.75% senior notes due 2022.


IMRIS INC: Panel Can Hire Emerald Capital as Advisors
-----------------------------------------------------
The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware authorized the Official Committee of
Unsecured Creditors of IMRIS, Inc., et al., to retain Emerald
Capital Advisors as financial advisors to the Committee, nunc pro
tunc to June 4, 2015.

As repored in the Troubled Company Reporter on July 16, 2015, the
Committee requires Emerald Capital to:

   (a) review and analyze the Debtors' operations, financial
       condition, business plan, strategy, and operating
       forecasts;

   (b) assist the Committee in evaluating any proposed debtor-in-
       possession financing;

   (c) assist in the determination of an appropriate capital
       structure for the Debtors;

   (d) assist the Committee in its review of various financial
       reports prepared for submission to the Court, and, as
       mutually agreed, such other reports that may be requested
       by parties-in-interest;

   (e) advise the Committee as it assesses the Debtors' executory
       contracts including assume versus reject considerations;

   (f) assist and advise the Committee in connection with its
       identification, development, and implementation of
       strategies related to the potential recoveries for the
       unsecured creditors as it relates to the Debtors' plan of
       reorganization;

   (g) assist the Committee in understanding the business and
       financial impact of various restructuring alternatives of
       the Debtors;

   (h) assist the Committee in its analysis of the Debtors'
       financial restructuring process, including its review of
       the Debtors' development of plans of reorganization and
       related disclosure statements;

   (i) assist the Committee in evaluating, structuring and    
       negotiating the terms and conditions of any proposed
       transaction, including the value of the securities, if
       any, that may be issued to thereunder;

   (j) assist in the evaluation of the Debtors' asset sale
       process, including the identification of potential buyers;

   (k) assist in evaluating the terms, conditions, and impact of
       any proposed asset sale transactions;

   (l) assist the Committee in evaluating any proposed merger,
       divestiture, joint-venture, or investment transaction;

   (m) assist the Committee to value the consideration offered by
       the Debtors to unsecured creditors in connection with the
       sale of the Debtors' assets or a restructuring;

   (n) provide testimony, as necessary, in any proceeding before
       the Bankruptcy Court; and

   (o) provide the Committee with other appropriate general
       restructuring advice.

Emerald Capital will be paid at these hourly rates:

       Senior Managing Director       $600
       Vice President                 $500
       Associate                      $400
       Senior Analyst                 $300
       Analyst                        $200

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

John P. Madden, senior managing director of Emerald Capital,
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.

                     About IMRIS Inc.

Based in Minnetonka, Minnesota, IMRIS Inc. -- http://www.imris.com/
-- designs, manufactures and markets image guided therapy systems.
IMRIS's VISIUS Surgical Theatre systems enhance the effectiveness
magnetic resonance systems, x-ray fluoroscopy systems, and computed
tomography (CT) systems in medical procedures.

IMRIS and its affiliated companies commenced Chapter 11 bankruptcy
cases (Bankr. D. Del. Lead Case No. 15-11133) in Delaware on May
25, 2015, with a deal to sell to Deerfield Management Company,
L.P., for a credit bid of $9.50 million, absent higher and better
offers.

The Debtors tapped the law firms of DLA Piper LLP (US) and DLA
Piper (Canada) LLP as counsel; Imperial Capital, LLC, as Investment
banker, FTI Consulting, Inc.'s Andrew Hinkelman as chief
restructuring officer; and Kurtzman Carson Consultants LLC as
claims and noticing agent.

IMRIS estimated $10 million to $50 million in assets and
liabilities.

On June 4, 2015, the U.S. Trustee appointed three members to the
Official Committee of Unsecured Creditors.  The members of the
Committee are: (i) Trumpf Medical Systems, Inc., (ii) Siemens
Medical Solutions, USA, Inc., and (iii) ETS-'Lindgren Inc.
The Committee selected Steven K. Kortanek, Esq., Kevin J. Mangan,
Esq., and Thomas M. Horan, Esq., at Womble Carlyle Sandridge &
Rice, LLP, in Wilmington, Delaware, as counsel.


INFOR (US): Moody's Says No Change to B1 Ratings on Note Offering
-----------------------------------------------------------------
Moody's Investors Service said the B1 rating on Infor (US) Inc.'s
proposed senior secured note offering is unaffected by the upsized
offering. The company upsized the senior secured issuance to $500
million from $400 million. No other ratings were impacted,
including parent company Infor, Inc.'s B3 corporate family rating.


INFOR INC: Moody's Lowers Corp. Family Rating to B3, Outlook Stable
-------------------------------------------------------------------
Moody's Investors Service downgraded Infor, Inc.'s corporate family
rating to B3 from B2 and rated Infor (US) Inc.'s proposed senior
secured note offering B1.  The downgrade is driven by the increase
in debt being used to fund the acquisition of GT Nexus. Moody's
also downgraded the Infor (US) Inc.'s existing senior secured debt
to B1 from Ba3 and downgraded its senior unsecured notes to Caa1
from B3 and Infor Software Parent Inc.'s PIK notes to Caa2 from
Caa1.  The ratings outlook is stable.

Ratings Rationale

Infor's B3 corporate family rating reflects the very high leverage
post the GT Nexus acquisition (approximately 8x based on April 2015
trailing twelve month results).  Given the high leverage and the
near term headwinds as the company transitions more sales to a
subscription model, the company is considered weakly positioned in
the B3 category.  Moody's expects debt levels to remain
exceptionally high absent a public equity offering.  The ratings
also reflect Infor's leading mid-market position in the enterprise
software industry, scale (revenues were approximately $2.8 billion
in the LTM April 2015 period), the critical nature of its software
and resultant "stickiness" of its revenues.  Maintenance revenues
and gross margins (which represent over 50% of revenues at an
approximate 82% gross margin) are fairly predictable and contribute
to strong pre-debt service cash flow and modest levels of post debt
service free cash flow (projected free cash flow to debt of
approximately 3%).

Although there are near term headwinds as the company transitions a
greater proportion of customers to a subscription model, once
implemented subscription revenues are also expected to be very
"sticky" albeit with somewhat lower margins than maintenance
revenues.  If not for these factors, the ratings would be lower
given the company's debt load.

Infor is amongst the most leveraged software players in the
industry (particularly compared to much better capitalized
competitors, Oracle and SAP).  Infor and the enterprise software
industry are increasingly incorporating cloud based subscription
delivery which can cause near term revenue, EBITDA and cash flow
headwinds resulting from the timing and recognition of subscription
revenues.  As a result Infor's leverage is could weaken further and
approach 9x in the near term.

The ratings could be downgraded if free cash flow (including
interest on holding company notes) is negative or leverage exceeds
9x on other than a temporary basis.  Ratings could be upgraded if
leverage is expected to be sustained below 7.5x and free cash flow
to debt above 5%.

Liquidity is good driven by cash on hand pro forma for the
acquisition of approximately $352 million, an undrawn $150 million
revolver and expected free cash flow in excess of $200 million.

These ratings were affected:

Downgrades:

Issuer: Infor, Inc.

  Corporate Family Rating, Downgraded to B3 from B2
  Probability of Default Rating, Downgraded to B3-PD from B2-PD

Issuer: Infor (US), Inc

  Senior Secured Bank Credit Facility, Downgraded to B1(LGD2) from

   Ba3(LGD2)
  Senior Unsecured Regular Bond/Debenture, Downgraded to
   Caa1(LGD5) from B3(LGD5)

Issuer: Infor Software Parent, Inc.

  Senior Unsecured Regular Bond/Debenture, Downgraded to
    Caa2(LGD6) from Caa1(LGD6)

Assignments:

Issuer: Infor (US), Inc

  400 mil. Senior Secured Regular Bond/Debenture due 2020,
   Assigned B1(LGD2)

Outlook Actions:

Issuer: Infor (US), Inc
  Outlook, Stable

Issuer: Infor Software Parent, Inc.
  Outlook, Stable

Issuer: Infor, Inc.
  Outlook, Stable

The principal methodology used in these ratings was Global Software
Industry published in October 2012.  Other methodologies used
include Loss Given Default for Speculative-Grade Non-Financial
Companies in the U.S., Canada and EMEA published in June 2009.

Infor, Inc., with revenues of approximately $2.8 billion, is one of
the larger providers of enterprise resource planning software. The
company is headquartered in New York, NY.



INFOR INC: S&P Retains B Rating Following $500MM Notes Upsize
-------------------------------------------------------------
Standard & Poor's Ratings Services said that its ratings on Infor
Inc. (B/Stable/--) are unchanged following the company's
announcement that it will issue $500 million senior secured notes
due 2020 as opposed to the earlier announcement today of $400
million senior secured notes.  The increased note amount has a
modest impact on the credit metrics and doesn't change S&P's 'B+'
issue-level rating on the notes.  The recovery rating will be '2',
indicating S&P's recovery expectation for substantial recovery (70%
to 90%; lower half of the range) in the event of payment default.
S&P's ratings on the company's unsecured debt and holding company
notes are unchanged.

S&P's 'B' corporate credit rating and stable rating outlook on
Infor are unchanged.  The rating reflects S&P's view of the
competitive ERP marketplace with significantly larger players and
meaningful exposure to manufacturing and distribution end-markets,
but also the company's strong position among midmarket customers.
The rating also reflects S&P's view of Infor's leverage, which S&P
expects to peak in the 9x area in fiscal 2016, up from the low 8x
area as of April 30, 2015 pro forma for the acquisition, as EBITDA
declines because of a strengthening U.S. dollar, increased costs to
support software-as-a-service (SaaS) offerings, and SaaS offerings
cannibalizing license sales, which S&P views favorably over the
long term but which will cause revenue to decline over the next
year because of differences in the revenue recognition patterns of
both models.  S&P expects leverage to fall to the mid- to high 8x
area in 2017 on margin expansion as the company benefits from
operating leverage on SaaS offerings.  In fiscal years 2016 and
2017 S&P expects annual free operating cash flow (FOCF) to be above
the low $200 million area and interest coverage to be in the low 2x
area.  S&P's forecast does not include assumptions about
acquisitions, but if the company were to complete tuck-in
acquisitions funded from FOCF, as it has in the past, leverage
would fall more quickly than S&P expects.

The stable outlook reflects S&P's view of Infor's revenue
visibility, good FOCF, and interest coverage that is strong for the
'B' rating.  S&P could lower the rating if increased business
investment in support of the company's SaaS products or more
compelling offerings from competitors result in declines in
profitability, or if the company pursues an acquisition or
shareholder distribution such that it sustains leverage above the
9x area.  S&P is unlikely to raise the rating during the next 12
months because of the company's high leverage and S&P's view that
its private equity ownership structure likely precludes sustained
leverage reduction.

Under Standard & Poor's policies, only a Rating Committee can
determine a Credit Rating Action (including a Credit Rating change,
affirmation or withdrawal, Rating Outlook change, or CreditWatch
action).  This commentary and its subject matter have not been the
subject of Rating Committee action and should not be interpreted as
a change to, or affirmation of, a Credit Rating or Rating Outlook.


RATINGS LIST

Ratings Unchanged

Infor Inc.
Corporate credit rating          B/Stable/--
$500 mil sr sec nts due 2020     B+
  Recovery rating                 2L



INSITE VISION: Meeting Set for Sept. 30 to Approve QLT Merger
-------------------------------------------------------------
InSite Vision Incorporated announced that its Board of Directors
has set Sept. 30, 2015, for a special meeting of stockholders to
vote on certain matters in connection with the transaction with
QLT, including a proposal to adopt a merger agreement.  The record
date for the meeting is Aug. 25, 2015.

As previously announced, InSite Vision, QLT Inc., and Isotope
Acquisition Corp., an indirect wholly owned subsidiary of QLT,
entered into the Agreement and Plan of Merger providing for the
acquisition of the Company by QLT.

                           InSite Vision

Based in Alameda, California, InSite Vision Incorporated (OTCBB:
INSV) -- http://www.insitevision.com/-- is committed to
advancing new and superior ophthalmologic products for unmet eye
care needs.  The company's product portfolio utilizes InSite
Vision's proven DuraSite(R) bioadhesive polymer core technology, a
platform that extends the duration of drug retention on the
surface of the eye, thereby reducing frequency of treatment and
improving the efficacy of topically delivered drugs.

Burr Pilger Mayer, Inc., in E. Palo Alto, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company's recurring losses from operations, available cash balance
and accumulated deficit raise substantial doubt about its ability
to continue as a going concern.

Insite Vision reported net income of $26.8 million in 2014 compared
to net income of $5.7 million in 2013.

As of June 30, 2015, the Company had $4.6 million in total assets,
$19.2 million in total liabilities and a stockholders' deficit of
$14.6 million.


INSITE VISION: Reports Second Quarter 2015 Financial Results
------------------------------------------------------------
InSite Vision Incorporated reported a net loss of $6.6 million on
$392,000 of revenues for the three months ended June 30, 2015,
compared to net income of $37.1 million on $6.3 million of revenues
for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss of $7.4 million on $3.7 million of revenues compared to net
income of $32.4 million on $7.5 million of revenues for the same
period a year ago.

As of June 30, 2015, the Company had $4.6 million in total assets,
$19.2 million in total liabilities and a stockholders' deficit of
$14.6 million.

"The second quarter of 2015 was marked by several notable
accomplishments in the history of InSite," said Timothy Ruane,
InSite's chief executive officer.  "After a comprehensive
evaluation of opportunities to advance our late-stage assets to the
next state of clinical development and provide the resources
necessary for supporting these objectives, we entered into a merger
agreement with QLT Inc.  This merger, if consummated, will create a
well-funded ophthalmic specialty pharmaceutical company with a
diversified late-stage product pipeline and talented R&D team.  In
June, we filed an NDA with the FDA for the marketing approval of
BromSite, one of our promising product candidates, for the
treatment of post-operative inflammation and the prevention of eye
pain following cataract surgery.  If and when the merger is
consummated, the newly merged company will retain the name QLT."

As of June 30, 2015, InSite had cash and cash equivalents of $1.8
million.  Total cash increased by $0.7 million in the second
quarter of 2015.  Absent the transactions contemplated by the
Merger Agreement including the secured line of credit of up to
$9,853,333 granted to InSite by QLT, InSite expects that its cash
and cash equivalents balance, anticipated cash flows from
operations and the net proceeds from existing debt financing
arrangements would have only been adequate to fund its operations
until approximately July 2015.  InSite expects the secured line of
credit granted to it by QLT will fund operations until completion
of the Merger; however, if the Merger Agreement terminates prior to
completion, no additional funding from QLT would be available and
if InSite is unable to enter into a strategic transaction or secure
sufficient additional funding, InSite's management believes that it
will need to cease operations and liquidate its assets.

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

                        http://is.gd/gi255u

                           InSite Vision

Based in Alameda, California, InSite Vision Incorporated (OTCBB:
INSV) -- http://www.insitevision.com/-- is committed to
advancing new and superior ophthalmologic products for unmet eye
care needs.  The company's product portfolio utilizes InSite
Vision's proven DuraSite(R) bioadhesive polymer core technology, a
platform that extends the duration of drug retention on the
surface of the eye, thereby reducing frequency of treatment and
improving the efficacy of topically delivered drugs.

Burr Pilger Mayer, Inc., in E. Palo Alto, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company's recurring losses from operations, available cash balance
and accumulated deficit raise substantial doubt about its ability
to continue as a going concern.

Insite Vision reported net income of $26.8 million in 2014 compared
to net income of $5.7 million in 2013.


INVESTVIEW INC: Auditor Expresses Going Concern Doubt
-----------------------------------------------------
Investview, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss of
$9.42 million on $709,229 of net revenue in fiscal year ended March
31, 2015, compared with a net loss of $4.15 million on $1.05
million of net revenue in fiscal 2014.

The Company's balance sheet at March 31, 2015, showed $1.09 million
in total assets, $3.89 million in total liabilities and total
stockholders' deficit of $2.8 million.

Fiondella, Milone & LaSaracina LLP expressed substantial doubt
about the Company's ability to continue as a going concern, citing
that the Company has suffered recurring losses from operations and
has a significant accumulated deficit as of March 31, 2015.

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

                       http://is.gd/vl9NYW

Investview, Inc., is a financial services organization
headquartered in Red Bank, New Jersey. The Company provides
financial products and services, including investor education
products to accredited investors, self-directed investors and
select financial institutions.

The Company reported a net loss of $1.56 million on $167,100 of net
revenues for the three months ended Dec. 31, 2014, compared with a
net loss of $824,000 on $244,000 of net revenues for the same
period in 2013.



JOHN CLEMENTE: Dismissal of Legal Malpractice Claim Affirmed
------------------------------------------------------------
The Superior Court of New Jersey, Appellate Division, affirmed the
March 25, 2014 Law Division order dismissing without prejudice John
Clemente's legal malpractice claim against Timothy Neumann, Esq.,
and Broege, Neumann, Fisher & Schaver, LLC.

Clemente filed a legal malpractice action against Neumann, alleging
that Neumann had mishandled his representation of Clemente in the
latter's bankruptcy proceedings.

The action was dismissed without prejudice after Judge Anthony M.
Massi of the Law Division determined, among other things, that
Clemente's potential claim against Neumann was an asset that
Clemente should have, but did not, disclose to the bankruptcy
trustee.  The judge dismissed the complaint without prejudice "to
allow [Clemente] an opportunity, if he so wishes, to make an
appropriate application to the bankruptcy court to reopen his case.
In the event this occurs, the trustee can then decide whether to
abandon the claim or take the appropriate action."

On appeal, the Superior Court of New Jersey, Appellate Division
affirmed the dismissal.  It held that the trustee would be in a
better position than a Law Division judge to determine whether
Clemente's legal malpractice action accrued during the bankruptcy
proceedings, which continued for two years after Clemente
terminated Neumann's representation.

The case is JOHN CLEMENTE, Plaintiff-Appellant, v. TIMOTHY NEUMANN,
ESQ., BROEGE, NEUMANN, FISCHER & SHAVER, LLC,
Defendants-Respondents, NO. A-4071-13T4 (N.J.).

A full-text copy of superior court's July 28, 2015 decision is
available at http://is.gd/rivA9cfrom Leagle.com.

Appellant is represented by:

          Peter A. Ouda, Esq.
          19 North Bridge St.
          Somerville, NJ 08876
          Tel: (908) 927-9909
          Fax: (908) 927-9907
          Email: peteroudalaw@aol.com

Respondent is represented by:

          Timothy K. Saia, Esq.
          MORGAN MELHUISH ABRUTYN
          651 West Mt. Pleasant Ave. Suite 200
          Livingston, NJ 07039
          Tel: (973) 994-2500
          Fax: (973) 994-3375
          Email: tsaia@morganlawfirm.com

John Clemente filed for Chapter 11 bankruptcy (Bankr. D. N.J. Case
No. 08-10812) on Jan. 17, 2008.  The case was converted to a
Chapter 7 bankruptcy on June 3, 2009, and Barry Frost, Esq., was
appointed as the Chapter 7 Trustee.  Milton Bouhoutsos, Jr., Esq.,
in Manasquan, New Jersey, argues for the Debtor.  Brian W.
Hofmeister, Esq., at Teich Groh, in Trenton, represents the Chapter
7 Trustee.


JOHN S. STRITZINGER: Bankruptcy Appeal Dismissed
------------------------------------------------
Judge Paige J. Gossett of the United States District Court for the
District of South Carolina, Columbia Division, dismissed John S.
Stritzinger's appeal from a bankruptcy court's order denying
Stritzinger's motion to reconsider and reopen a miscellaneous
bankruptcy proceeding.

The bankruptcy court docketed Stritzinger's "Petition for
Bankruptcy" as a Miscellaneous Proceeding due to deficiencies in
the pleading, and mailed Stritzinger a deficiency notice allowing
him ten days to cure the deficiencies.  Stritzinger did not timely
respond to the deficiency notice.

On February 18, 2015, the bankruptcy court denied Stritzinger's
request to waive the filing fee and closed the Miscellaneous
Proceeding.  Stritzinger filed a motion to reconsider closure of
the case, which the bankruptcy court denied on March 4, 2015.
Stritzinger then timely filed a notice of appeal, but failed to pay
the required filing fee.

Judge Gossett recommended the dismissal of the bankruptcy appeal
due to Stritzinger's failure to cure violations of the Federal
Rules of Bankruptcy Procedure.  The judge found that Stritzinger
has not submitted the filing fee for his bankruptcy appeal, or
provided sufficient information for the court to evaluate whether
indigent status is appropriate in this case.  Moreover, Judge
Gossett also found that Stritzinger has not timely submitted a
designation of items to be included in the record on appeal and a
statement of the issues to be presented, or attempted to cure this
deficiency in response to the court's order.

Judge Gossett also stated that there is no indication from the
record or Stritzinger's notice of appeal that the bankruptcy court
committed any error or mistake in closing and refusing to open
Stritzinger's miscellaneous bankruptcy action.

The case is John S. Stritzinger, Appellant, v. Bankruptcy Court,
Interested Party, C/A NO. 3:15-1219-TLW-PJG (D.S.C.).

A copy of Judge Gossett's July 6, 2015 report and recommendation is
available at http://is.gd/7jVZypat Leagle.com.


KEURIG GREEN: S&P Withdraws 'BB' Corporate Credit Rating
--------------------------------------------------------
Standard & Poor's Ratings Services withdrew the 'BB' corporate
credit rating on Keurig Green Mountain Inc. and the 'BBB-'
issue-level rating on the company's $250 million senior secured
first-lien term loan A due 2016.

The company used proceeds from a new $1.8 billion unsecured
revolving credit facility to repay all outstanding amounts under
the existing $1.0 billion revolving credit facility and term loan
A.  Subsequently, the company has requested that S&P withdraw all
ratings as it no longer has any rated debt outstanding.



KIPP LA: S&P Raises Rating on Revenue Bonds From 'BB+'
------------------------------------------------------
Standard & Poor's Ratings Services raised its long-term rating to
'BBB-' from 'BB+' on the California School Finance Authority's
(CSFA) educational facilities revenue bonds, series 2014A and
taxable series 2014B.  At the same time, Standard & Poor's assigned
its 'BBB-' long-term rating to the CSFA's educational facilities
revenue bonds, series 2015A and taxable series 2015B bonds.  All
bonds were issued on behalf of KIPP LA Schools.  The outlook is
stable.

"The rating action reflects our view of the change in the obligated
group status under the group rating methodology (GRM) to 'core'
from 'strategically important' given the addition of four schools
into the obligated group," said Standard & Poor's credit analyst
Debra Boyd.

"The rating also reflects our view of KIPP LA's strong and diverse
demand profile with 13 schools located throughout the greater Los
Angeles area and its significantly improved financial profile," Ms.
Boyd added.

The 2015 bond proceeds will be used to finance the acquisition of,
construction of, and improvements at three of the schools added to
the obligated group: KIPP Vida Prep, KIPP Academy of Opportunity,
and KIPP Scholar Academy.  The remaining portion of the 2015 bond
proceeds will be used to fund an escrow to refinance the new market
tax credit (NMTC) loan for 668 Atlantic LLC, representing KIPP LA's
Raices school, in a process similar to that used to advance refund
the NMTC loan for the limited liability company associated with the
LA Prep school financed with the 2014 bond proceeds.

Based on the application of the GRM and given that the obligated
group is core to the organization, the stable outlook reflects
S&P's anticipation that KIPP LA will continue to attract sufficient
students such that operations will remain positive.



LAUREL VALLEY: McIntosh's Bids to Exclude Testimonies Denied
------------------------------------------------------------
Judge Russ Kendig of the United States Bankruptcy Court for the
Northern District of Ohio, Eastern Division, denied McIntosh Oil
Co.'s motions seeking to exclude the testimony of Jarod L.
Nottingham and Dr. Anurag Gupta in the forthcoming trial between
Anthony J. DeGirolamo, the Chapter 7 trustee for Laurel Valley Oil
Co., and McIntosh.

Mr. Nottingham is an individual with extensive experience buying
diesel fuel in Northern Ohio, as wells as a number of other
locations in the United States.  McIntosh, however, argued that
Nottingham does not have knowledge in the types of prepay contracts
entered into between McIntosh and Laurel Valley, and therefore does
not meet the expert testimony requirements of Federal Rule of
Evidence 702.

Judge Kendig found that Nottingham's extensive employment buying
diesel fuel in Ohio, and across the United States, qualifies him as
an expert in diesel fuel prices and normal industry practices.  The
judge also found that Nottingham's proposed testimony is relevant
to the Trustee's remaining claims, and that Nottingham's testimony
does not consist solely of factual regurgitation or "common sense"
observations, but instead combines expert knowledge with a factual
underpinning to arrive at valid expert testimony.

McIntosh's motion regarding Dr. Gupta was denied as moot because
the Trustee's response indicates he no longer plans to call Dr.
Gupta to testify.

The bankruptcy case is IN RE: LAUREL VALLEY OIL CO., Chapter 7,
Debtor., CASE NO. 05-64330, (Bankr. N.D. Ohio).

The adversary proceeding is ANTHONY J. DEGIROLAMO, TRUSTEE,
Plaintiff, v. MCINTOSH OIL CO., Defendant, ADV. NO. 12-6014 (N.D.
Ohio).

A full-text copy of Judge Kendig's July 28, 2015 order is available
at http://is.gd/fPiOdsfrom Leagle.com.

                    About Laurel Valley

Laurel Valley Oil Co., in Uhrichsville, Ohio, was placed in
bankruptcy with the filing of an involuntary Chapter 11 petition
(Bankr. N.D. Ohio Case No. 05-64330) on July 27, 2005.  Judge Russ
Kendig presides over the case.  Creditors who filed the petition
were represented by Kate M. Bradley, Esq., and Marc Merklin, Esq.,
at Brouse McDowell, LPA; and Bruce R Schrader, II, Esq., at Roetzel
& Andress.

The petitioning creditors and their alleged claims are:

   Julian W. Perkins, Inc.            $4,000,000
   Truck World Inc.                   $1,136,190
   Marathon Ashland Petroleum, LLC    $6,376,855


LOTON CORP: Li and Company Expresses Going Concern Doubt
--------------------------------------------------------
Loton Corp. filed with the U.S. Securities and Exchange Commission
its annual report on Form 10-K for the fiscal year ended March 31,
2015.

The Company reported a net loss attributable to Loton Corp.
stockholders of $5.43 million on $7.44 million of revenues for the
fiscal year ended March 31, 2015, compared with net income
attributable to Loton Corp. stockholders of $121,837 on $6.96
million of revenues in the prior year.

The Company's balance sheet at March 31, 2015, showed $2.55 million
in total assets, $6.09 million in total liabilities, and a total
deficit of $3.54 million.

Li and Company, PC, expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company had
an accumulated deficit at March 31, 2015, a net loss and net cash
used in operating activities for the reporting periods then ended.

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

                       http://is.gd/b5t0gj
                          
Loton Corp., through its subsidiaries, operates KOKO, a live music
venue and nightclub in Camden, London.  The company offers live
shows, club nights, and corporate and other events at KOKO, which
are also broadcasted digitally. The company is based in Beverly
Hills, California.

The Company reported a net loss attributable to Loton Corp.
stockholders
of $2.96 million on $2.3 million of revenues for the three months
ended
Dec. 31, 2014, compared to a net loss attributable to Loton Corp.
stockholders of $4,000 on $2.29 million of revenues for the same
period in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $2.89 million
in total assets, $5.6 million in total liabilities and total
stockholders' deficit of $2.71 million.


LPATH INC: Incurs $2.6 Million Net Loss in Second Quarter
---------------------------------------------------------
LPath, Inc., filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss of $2.6 million
on $747,621 of total revenues for the three months ended June 30,
2015, compared to a net loss of $3.7 million on $1.3 million of
total revenues for the same period a year ago.

For the six months ended June 30, 2015, the Company reported a net
loss of $5.4 million on $1.5 million of total revenues compared to
a net loss of $7 million on $3 million of total revenues for the
same period during the prior year.

As of June 30, 2015, the Company had $15.4 million in total assets,
$2.7 million in total liabilities and $12.7 million in total
stockholders' equity.

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

                       http://is.gd/DBQuuD

                           About LPath

San Diego, Calif.-based Lpath, Inc. is a biotechnology company
focused on the discovery and development of lipidomic-based
therapeutics, an emerging field of medical science whereby
bioactive lipids are targeted to treat human diseases.

LPath reported a net loss of $16.6 million in 2014, a net loss of
$6.56 million in 2013 and a net loss of $2.75 million in 2012.

As of March 31, 2015, the Company had $17.1 million in total
assets, $3.76 million in total liabilities and $13.3 million in
total stockholders' equity.


LPATH INC: May Issue 1.7 Million Shares Under Incentive Plan
------------------------------------------------------------
LPath, Inc. filed with the Securities and Exchange Commission a
Form S-8 registration statement to register 1,700,000 shares of
common stock issuable under the Company's Amended and Restated 2005
Equity Incentive Plan.  The proposed maximum aggregate offering
price is $442,000.  A copy of the prospectus is available for free
at http://is.gd/EeoJqR

                            About LPath

San Diego, Calif.-based Lpath, Inc. is a biotechnology company
focused on the discovery and development of lipidomic-based
therapeutics, an emerging field of medical science whereby
bioactive lipids are targeted to treat human diseases.

LPath reported a net loss of $16.6 million in 2014, a net loss of
$6.56 million in 2013 and a net loss of $2.75 million in 2012.

As of June 30, 2015, the Company had $15.4 million in total assets,
$2.7 million in total liabilities and $12.7 million in total
stockholders' equity.


MA LERIN: US Trustee Fails to Form Creditor's Committee
-------------------------------------------------------
Judy A. Robbins, the United States Trustee for Region 7, told the
U.S. Bankruptcy Court for the Western District of Texas that she
was unable to solicit creditors interested in serving on the
Official Committee of Unsecured Creditors for MA Lerin Hills Holder
LP because the unsecured creditors appearing at the Section 341(a)
meeting were insufficient in number to form the committee.

                         About Lerin Hills

MA Lerin Hills Holder, LP, LH Devco, Inc., and Lerin Hills Utility
Inc., own 867 acres of real property known as the Lerin Hills
residential real estate development located in Boerne, Texas.  The
Lerin Hills project currently produces no cash flow, has run out of
cash and remains materially unfinished.

In December 2014, the companies defaulted on debt to Putnam Funding
III, LLC, which claims to be owed not less than $41.3 million as of
the Petition Date.  On April 7, 2015, at the behest of Putnam, the
216th Judicial District Court in Kendall County, Texas, appointed
Andrew S. Cohen as receiver for the assets.

On June 8, 2015, the Receiver filed Chapter 11 bankruptcy petitions
for MA Lerin Hills and its two affiliates (Bankr. W.D. Tex. Case
Nos. 15-51424 to 15-51426) in San Antonio, Texas.  The Receiver
immediately filed a Joint Chapter 11 Plan of Liquidating Plan for
the Debtors.  The Plan is being sponsored by Putnam.

The Debtors tapped Cox Smith Matthews Incorporated as attorneys.
Putnam tapped Akin Gump Strauss Hauer & Feld LLP as counsel.


MEDICAL CASE MGMT: Case Summary & 7 Top Unsecured Creditors
-----------------------------------------------------------
Debtor: Medical Case Management & Social Services, Inc.
           dba Medical Case Management Home Health Services
        1475 Heritage Parkway
        Suite 129
        Mansfield, TX 76063

Case No.: 15-43260

Nature of Business: Health Care

Chapter 11 Petition Date: August 12, 2015

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Michael Lynn

Debtor's Counsel: Marilyn D. Garner, Esq.
                  LAW OFFICES OF MARILYN D. GARNER, PLLC
                  2007 E. Lamar Boulevard, Ste 200
                  Arlington, TX 76006
                  Tel: (817) 588-3075
                  Fax: 817-704-6361
                  Email: mgarner@marilyndgarner.net

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Donald Ramsey, president.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/txnb15-43260.pdf


MEDICURE INC: Posts C$441K Net Income for 2nd Quarter
-----------------------------------------------------
Medicure Inc. reported net income of C$441,333 on C$3.8 million of
net product sales for the three months ended June 30, 2015,
compared to a net loss of C$1 million on C$1.8 million of net
product sales for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported net
income of C$541,484 million on C$7.1 million of net product sales
compared to a net loss of C$945,272 million on C$3.4 million of net
product sales for the same period last year.

As of June 30, 2015, the Company had C$12 million in total assets,
C$10.2 million in total liabilities and C$1.7 million in total
equity.

At June 30, 2015, the Company had cash totaling C$5.3 million
compared to C$494,000 as of Dec. 31, 2014, and compared to
C$234,000 as of May 31, 2014.  The increase in cash is primarily
due to a private placement financing completed during the quarter
for gross proceeds of C$4.0 million as well as higher net income
after adjusting for non-cash items for the three months ended
June 30, 2015.

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

                        http://is.gd/dYvNJ6

                        About Medicure Inc.

Medicure -- http://www.medicure.com/-- is a specialty
pharmaceutical company focused on the development and
commercialization of therapeutics for the U.S. hospital market.
The primary focus of the Company and its subsidiaries is the
marketing and distribution of AGGRASTAT (tirofiban HCl) for non-ST
elevation acute coronary syndrome in the United States, where it is
sold through the Company's U.S. subsidiary, Medicure Pharma, Inc.

Ernst & Young LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company has
experienced losses and has accumulated a deficit of C$127 million
since incorporation and has a working capital deficiency of
C$503,000 as at Dec. 31, 2014.

The Company reported net income of C$1.2 million on C$5.26 million
in revenue for the year ended Dec. 31, 2014.


MOHEGAN TRIBAL: Moody's Affirms 'B3' Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service revised Mohegan Tribal Gaming Authority's
(MTGA) rating outlook to stable from negative. MTGA's B3 Corporate
Family, B3-PD Probability of Default, B2 secured bank loan, and B3
senior unsecured note ratings were affirmed.

At the same time, Moody's assigned a B3 to MTGA's $85 million
add-on to its 9.75% senior unsecured notes due 2021. Proceeds from
senior unsecured notes add-on combined with the company's $90
million add-on to its term B facility due 2018 were used to repay
about $175 million of its 11% senior subordinated notes due 2018
(not-rated). Pro forma for the transactions, senior subordinated
notes remaining will be about $100 million.

Rating assigned:

$85 million add-on to 9.75% senior unsecured notes due 2021 -- B3
(LGD4)

Ratings Affirmed:

Corporate Family Rating, at B3

Probability of Default Rating, at B3-PD

$100 million revolver due 2018, at B2 (LGD3)

$113.6 million term A facility due 2018, at B2 (LGD3)

$802.2 million term B facility due 2018, at B2 (LGD3) - includes
$90 million add-on

$500 million 9.75% senior unsecured notes due 2021, at B3 (LGD4)
from (LGD3)

RATINGS RATIONALE:

The outlook revision to stable from negative considers the
reduction in refinancing risk that will occur as a result of the
senior unsecured notes and term loan add-ons. MTGA's term B debt,
like its subordinated notes, matures in 2018. Pursuant to the
credit agreement, this tranche of bank debt can be extended to 2019
once the subordinated debt is eliminated from MTGA's capital
structure. Although MTGA will still have about $100 million of
senior subordinated notes in its capital structure, Moody's
believes that the company will generate enough cash resources to be
able to repay prior to the remaining senior subordinated notes
maturity.

MTGA had about $827 million of term loans outstanding at June 30,
2015, representing about half of the company's total debt. The
ability to push these maturities out to 2019 from 2018 will provide
MTGA with the flexibility it will need to continue its debt
reduction efforts before MGM Resorts International (B2 stable)
opens its $800 million MGM Springfield casino in Springfield,
Massachusetts, a new casino in nearby Massachusetts, and only about
85 miles away from Mohegan Sun. The outlook revision also considers
that the Massachusetts State Gaming Commission recently granted a
one-year extension to MGM allowing it to open MGM Springfield
casino in in September 2018 instead of September 2017. This
extension, which remains subject to various levels of local
approval, will add another level of flexibility to MTGA with
respect to debt reduction efforts in advance of increased
competition.

MTGA's B3 Corporate Family Rating considers its heavy revenue and
earnings concentration in Connecticut, a gaming market that remains
highly vulnerable to further competition. This high level of
operating risk is of particular concern to Moody's given the
company's high leverage -- debt/EBITDA for the 12-month period
ended June 30, 2015 was 5.3 times. Moody's expects that MTGA will
generate positive annual free cash flow of between $50 million and
$60 million that can be applied to further debt reduction in
anticipation of new competition coming online. However, absent a
material and substantial improvement in the gaming demand
environment, we don't expect that MTGA's will be able to achieve
and sustain debt/EBITDA much below 5.0 times.

Positive rating consideration is given to MTGA's positive cash flow
profile which will further benefit from the favorable operating
leverage associated with the company's improved revenue performance
and lower cost structure. Also supporting the rating is Moody's
Stable Industry Sector Outlook. Moody's revised its US gaming
industry sector outlook (ISO) to stable from negative on July 14
based on the view that the sector's EBITDA has improved. Gaming
revenue performance appears to have stabilized in Connecticut, as
well as throughout the broader US, As a result, Moody's believes US
regional gaming companies, including MTGA, will see the benefits of
their lower and more efficient cost structures. This improved
operating leverage will result in a greater contribution to EBITDA
from each dollar of revenue growth going forward.

A higher rating would require more evidence of a stabilization in
MTGA's revenue and earnings performance along with an improvement
in debt/EBITDA to near 4.0 times. Ratings could be lowered if
debt/EBITDA increases above 6.0 times for any reason.

Mohegan Tribal Gaming Authority owns and operates Mohegan Sun, a
gaming and entertainment complex near Uncasville, Connecticut, and
Mohegan Sun at Pocono Downs, a gaming and entertainment facility
offering slot machines and harness racing in Plains Township,
Pennsylvania. The company generated net revenue of about $1.3
billion for the latest 12-month period ended June 30, 2015.



MOLYCORP: Gets Final Approval to Obtain $135 Million Loan
---------------------------------------------------------
A federal judge approved a $135.4 million financing to get Molycorp
Inc. through bankruptcy.

U.S. Bankruptcy Judge Christopher Sontchi gave final approval to
the loan of which more than 113.4 million will be provided by a
unit of Oaktree Capital Management LP.

Molycorp, the only U.S. supplier of rare earths, received interim
approval last month to get more than $21.9 million.

Oaktree will be granted security interest and lien on some of the
assets owned by Molycorp.  The lender will also get an
administrative expense claim and will receive payments from the
company, according to the court order.

A copy of Judge Sontchi's order is available for free at
http://bankrupt.com/misc/Molycorp_finalDIPorder.pdf

Molycorp's move to get a loan from Oaktree drew opposition from
various groups.

A group of secured bondholders that previously offered to provide
$225 million loan criticized the company for choosing bankruptcy
financing from Oaktree over the group's competing offer.  

Molycorp's official committee of unsecured creditors expressed
concern that the "unencumbered assets" available to unsecured
creditors would be allocated to Oaktree.

The U.S. trustee, the Justice Department's bankruptcy watchdog,
disapproves of any restriction on the company's ability to obtain
future financing after payment in full of the Oaktree loan.

Meanwhile, Wells Fargo Bank NA, an indenture trustee, demanded
payment of its fees and expenses as "adequate protection," court
filings show.

                        About Molycorp

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare
earths and rare metals producer.  Molycorp owns several prominent
rare earth processing facilities around the world.  It has a
workforce of 2,530 employees at locations on three continents.
Molycorp's Mountain Pass Rare Earth Facility in San Bernadino
County, California, is home to one of the world's largest and
richest deposits of rare earths.

Molycorp has corporate offices in the United States, Canada and
China.  CEO Geoffrey R. Bedford, and other senior management
members are located in Molycorp's corporate offices in Toronto,
Canada.  Other senior manageemnt members are located at its U.S.
corporate headquarters in Greendwood Village, Colorado.

Molycorp reported a net loss of $623 million in 2014, a net loss of
$377 million in 2013 and a net loss of $475 million in 2012.

As of March 31, 2015, the Company had $2.49 billion in total
assets, $1.78 billion in total liabilities and $709 million in
total stockholders' equity.

Molycorp and its North American subsidiaries, together with certain
of its non-operating subsidiaries outside of North America, filed
Chapter 11 voluntary petitions in Delaware (Bankr.  D. Del. Lead
Case No. 15-11357) on June 25, 2015.  The Chapter 11 cases of
Molycorp and 20 affiliated debts are pending before Judge
Christopher S. Sontchi.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from the
filings as it is not 100% owned by the Company.

Molycorp is being advised by the investment banking firm of Miller
Buckfire & Co. and is receiving financial advice from AlixPartners,
LLP.  Jones Day and Young, Conaway, Stargatt & Taylor LLP act as
legal counsel to the Company in this process.  Prime Clerk serves
as claims and noticing agent.

Secured creditor Oaktree Capital Management L.P. consented to the
use of cash collateral and to extend postpetition financing.

On July 8, 2015, the U.S. trustee overseeing the Chapter 11 case of
Molycorp Inc. appointed eight creditors of the company to serve on
the official committee of unsecured creditors.


MOLYCORP: US Trustee to Continue Creditors Meeting on Sept. 16
--------------------------------------------------------------
The U.S. trustee overseeing the Chapter 11 case of Molycorp Inc.
will continue the meeting of creditors on Sept. 16, 2015, at 10:00
a.m., according to a filing with the U.S. Bankruptcy Court in
Delaware.

The meeting will be held at J. Caleb Boggs Federal Building, Room
2112, 844 King Street, in Wilmington, Delaware.

                        About Molycorp

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare
earths and rare metals producer.  Molycorp owns several prominent
rare earth processing facilities around the world.  It has a
workforce of 2,530 employees at locations on three continents.
Molycorp's Mountain Pass Rare Earth Facility in San Bernadino
County, California, is home to one of the world's largest and
richest deposits of rare earths.

Molycorp has corporate offices in the United States, Canada and
China.  CEO Geoffrey R. Bedford, and other senior management
members are located in Molycorp's corporate offices in Toronto,
Canada.  Other senior manageemnt members are located at its U.S.
corporate headquarters in Greendwood Village, Colorado.

Molycorp reported a net loss of $623 million in 2014, a net loss of
$377 million in 2013 and a net loss of $475 million in 2012.

As of March 31, 2015, the Company had $2.49 billion in total
assets, $1.78 billion in total liabilities and $709 million in
total stockholders' equity.

Molycorp and its North American subsidiaries, together with certain
of its non-operating subsidiaries outside of North America, filed
Chapter 11 voluntary petitions in Delaware (Bankr.  D. Del. Lead
Case No. 15-11357) on June 25, 2015.  The Chapter 11 cases of
Molycorp and 20 affiliated debts are pending before Judge
Christopher S. Sontchi.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from the
filings as it is not 100% owned by the Company.

Molycorp is being advised by the investment banking firm of Miller
Buckfire & Co. and is receiving financial advice from AlixPartners,
LLP.  Jones Day and Young, Conaway, Stargatt & Taylor LLP act as
legal counsel to the Company in this process.  Prime Clerk serves
as claims and noticing agent.

Secured creditor Oaktree Capital Management L.P. consented to the
use of cash collateral and to extend postpetition financing.

On July 8, 2015, the U.S. trustee overseeing the Chapter 11 case of
Molycorp Inc. appointed eight creditors of the company to serve on
the official committee of unsecured creditors.


MOTORS LIQUIDATION: Has $786M in Net Assets in Liquidation
----------------------------------------------------------
Motors Liquidation Company GUC Trust filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
$860 million in total assets, $74 million in total liabilities and
$786 million in net assets in liquidation.

The GUC Trust's sources of liquidity are principally the funds it
holds for the payment of liquidation and administrative costs, and
to a significantly lesser degree, the earnings on those funds
invested by it.  The GUC Trust holds those funds as cash and cash
equivalents and also invests such funds in marketable securities,
primarily corporate commercial paper and municipal commercial paper
and demand notes, as permitted by the Plan and the GUC Trust
Agreement.

During the three months ended June 30, 2015, the GUC Trust's
holdings of cash and cash equivalents decreased approximately $17.2
million from approximately $37.5 million to approximately $20.3
million.  The decrease was due primarily to (a) purchases of
marketable securities in excess of proceeds from the maturity and
sale of marketable securities of $16.9 million, (b) cash paid for
liquidation and administrative costs of $3.3 million, and (c) cash
paid for Residual Wind-Down Claims of $1.1 million, partially
offset by dividends received on holdings of New GM Common Stock of
$4.1 million.

During the three months ended June 30, 2015, the funds invested by
the GUC Trust in marketable securities increased approximately
$16.9 million, from approximately $31.0 million to approximately
$47.9 million.  The increase was due to re-investments of cash in
marketable securities.  The GUC Trust earned approximately $22,000
in interest income on those investments during the period.

                          GUC Trust Units

As of June 30, 2015, GUC Trust Units aggregating 31,853,702 were
outstanding.  Such number represents GUC Trust Units issued in
respect of Allowed General Unsecured Claims that were allowed in
prior periods, including GUC Trust Units held by the GUC Trust for
the benefit of (a) holders of Allowed General Unsecured Claims who
had not yet supplied information required by the GUC Trust in order
to effect the initial distribution to which they are entitled and
(b) governmental entities that are precluded by applicable law from
receiving distributions of GUC Trust Units and New GM Securities.
There were no GUC Trust Units issued during the three months ended
June 30, 2015.

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

                       http://is.gd/zKjnza

                     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, $69.2 million in total liabilities and $945 million in net
assets in liquidation.


MSAA PARTNERS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                     Case No.
       ------                                     --------
       MSAA Partners, LLC                         15-14598
       5299 Alton Pkwy.
       Suite 216
       Irvine, CA 92604
       
       MSAA PA Partners, LLC                      15-14599
       5299 Alton Pkwy.
       Suite 216
       Irvine, CA 92604

       MSAA Holdings, LLC                           15-14600
       5299 Alton Pkwy.
       Suite 216
       Irvine, CA 92604

Chapter 11 Petition Date: August 12, 2015

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

Judge: Hon. August B. Landis

Debtors' Bankruptcy     HELLER, DRAPER, PATRICK, HORN
Counsel:                & DABNEY, LLC

Debtors' Local Counsel: Talitha B. Gray Kozlowski, Esq.
                        GARMAN TURNER GORDON, LLP
                        650 White Drive, Suite 100
                        Las Vegas, NV 89119
                        Tel: (725) 777-3000
                        Email: tgray@gtg.legal

                                          Estimated    Estimated
                                           Assets     Liabilities
                                        ------------  -----------
MSAA Partners, LLC                      $1MM-$10MM    $1MM-$10MM   
        
MSAA PA Partners, LLC                   $1MM-$10MM    $1MM-$10MM
MSAA Holdings, LLC                      $1MM-$10MM    $1MM-$10MM

The petition was signed by Jafar Jafri, member.

A list of MSAA Partners, LLC's 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/nvb15-14598.pdf

A list of MSAA PA Partners, LLC's 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/nvb15-14599.pdf


MUSCLEPHARM CORP: Files Copy of Presentation with SEC
-----------------------------------------------------
MusclePharm Corporation posted on its Web site a company
presentation, a copy of which is available at http://is.gd/KLnQ2e

                         About MusclePharm

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

MusclePharm Corporation reported a net loss of $13.8 million in
2014, a net loss of $17.7 million in 2013 and a net loss of $19
million in 2012.

As of June 30, 2015, the Company had $75.1 million in total assets,
$56.9 million in total liabilities and $18.1 million in total
stockholders' equity.


NAVISTAR INTERNATIONAL: Amends Credit Agreement with JPMorgan
-------------------------------------------------------------
Navistar International Corporation and Navistar, Inc. (the
"Borrower") entered into an Amendment and Restatement Agreement to
the Credit Agreement, dated as of Aug. 17, 2012, among the Parent,
the Borrower, the Lenders from time to time party thereto, and
JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral
Agent, pursuant to which:

    (i) the Borrower's $697,500,000 Senior Secured Term Loan
        facility was refinanced with a new $1,040,000,000 Senior
        Secured Term Loan and the additional $342,500,000 was
        borrowed thereunder;

   (ii) the maturity date was extended until Aug. 7, 2020;

  (iii) the interest rate margins on the Senior Secured Term Loan
        were increased to 5.50% for Eurodollar rate loans and
        4.50% for base rate loans;

   (iv) the Eurodollar rate "floor" was reduced to 1.00%;

    (v) the permitted receivables financing basket was increased
        from $25,000,000 to $50,000,000;

   (vi) certain prepayments of the Senior Secured Term Loan made
        prior to the date that is two years after Aug. 7, 2015,
        will be made subject to a call premium of 1.00%; and

  (vii) certain of the definitional provisions and provisions
        regarding asset dispositions were modified.

In connection with the Term Loan Amendment, the Borrower paid
certain fees, the total of which the Borrower does not believe are
material to its financial position or results of operations.  As a
consequence of the Term Loan Amendment, the maturity date of
Navistar, Inc.'s Amended and Restated Asset-Based Credit Facility
was extended from May 18, 2017, to May 18, 2018.

A copy of the Amendment and Restatement Agreement is available for
free at http://is.gd/IMcwxL

                    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.


NNN MET CENTER: Seeks Joint Administration of 33 Ch. 11 Cases
-------------------------------------------------------------
NNN Met Center 15 39, LLC, asks the U.S. Bankruptcy Court for the
Northern District of California to issue an order for joint
administration of the Chapter 11 cases of 33 NNN Met Center 15
tenant-in-common.

According to Darvy Mack Cohan, Esq., in La Jolla, California, while
the Debtors continue to operate their businesses, manage their
financial affairs and operate their bankruptcy estates as
debtors-in-possession, the primary asset involved in these Chapter
11 proceedings is a commercial real property situated at 7301 Metro
Center Dr., in Austin, Texas.  Each of the Debtors is the owner of
the respective undivided interest as a Tenant-in-Common in the Real
Property, having acquired its interest on the property on or about
August 22, 2005, as a part of a real estate syndication.  The
Debtors together hold 100% of the ownership interest in the Real
Property.

Mr. Cohan tells the Court that the Chapter 11 Cases will be dealing
with substantially the same assets and liabilities, as well as the
same creditors and bankruptcy issues.  The only sources of revenue
available to the Debtors to use to operate, maintain, remediate and
preserve the Real Property is the cash on hand on the Petition
Date, the IP Reserve, and the postpetition revenues from net
operation income of the Real Property, handled by a third-party
property manager, the total amount of which are upon the Petition
Date in the hands of the Lender.

Mr. Cohan asserts that joint administration of the Cases will have
many benefits for the Court and all of the parties involved,
namely: (a) Joint administration will avoid duplicative expenses
for everyone and will ensure that creditors in the Cases will
receive appropriate notice of pertinent matters; (b) The use of a
single pleading docket, the combining of notices to creditors of
the different estates, and the joint handling of administrative
matters under the joint administration order will aid in the
expediting the future resolution of the Cases and rendering the
process less costly, without prejudicing the substantive rights of
any creditor; (c) The joint administration of the Cases will
eliminate future need for the Debtors to file identical motions and
orders in each of the Cases when seeking relief common to all
current and future Cases; (d) It will avoid unnecessary waste of
judicial resources, such as those relating to the future docketing
of identical motions and service of filings and orders in each of
the Cases; and (e) It will permit the Debtor's estates to minimize
administrative expenses and avoid the substantial copy and service
costs associated with filing and serving motions and other
pleadings in the Cases that seek common relief for the Debtors.

NNN Met Center 15 39 and 32 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. N.D. Calif. Lead Case No. 15-42359) on
July 31, 2015.  Alan Sparks signed the petitions as manager and
responsible individual.  The Debtors estimated assets and
liabilities of $10 million to $50 million.  The Law Offices of
Darvy Mack Cohan represents the Debtors as counsel.  The cases are
assigned to Judge William J. Lafferty.


NORTEL NETWORK: $93,000 in Claims Transferred in July 2015
----------------------------------------------------------
In the Chapter 11 cases of Nortel Networks Inc., et al., three
claims switched hands between July 24 and July 30, 2015:

     Transferee                 Transferor          Claim Amount
     ----------                 ----------          ------------
Contrarian Funds, LLC      M. Scott Johnson &         $20,000.00
                           Associates

Fair Harbor Capital, LLC   Moving Solutions            $3,859.91
As assignee of Moving
Solutions

Ronald J. Kupferman and    Peoplefluent, Inc., a      $69,923.00
Scott B. Harper, as        Delaware corporation
Indemnification            fka Peopleclick, Inc.
Representatives of the
former shareholders of
Peopleclick, Inc.

                       About Nortel Networks

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

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

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

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

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

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

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

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.

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

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

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

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

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

The trial on how to divide proceeds among creditors in the U.S.,
Canada, and Europe commenced on Sept. 22, 2014.  The question of
how to divide $7.3 billion raised in the international bankruptcy
of Nortel Networks Corp. was answered on May 12, 2015, by two
judges, one in the U.S. and one in Canada.

According to The Wall Street Journal, Justice Frank Newbould of the
Ontario Superior Court of Justice in Toronto and Judge Kevin Gross
of the U.S. Bankruptcy Court in Wilmington, Del., agreed on the
outcome: a modified pro rata split of the money.


NORTEL NETWORK: Tannor Buys $69,000 Claim from Peopleclick
----------------------------------------------------------
In the Chapter 11 cases of Nortel Networks Inc., et al., one claim
switched hands on Aug. 3, 2015:

     Transferee                 Transferor          Claim Amount
     ----------                 ----------          ------------
Tannor Partners Credit     Ronald J. Kupferman and    $69,923.00  
Fund, LP                   Scott B. Harper, as        
                           Indemnification            
                           Representatives of the
                           former shareholders of
                           Peopleclick, Inc.

                       About Nortel Networks

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

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

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

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

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

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

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

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.

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

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

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

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

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

The trial on how to divide proceeds among creditors in the U.S.,
Canada, and Europe commenced on Sept. 22, 2014.  The question of
how to divide $7.3 billion raised in the international bankruptcy
of Nortel Networks Corp. was answered on May 12, 2015, by two
judges, one in the U.S. and one in Canada.

According to The Wall Street Journal, Justice Frank Newbould of the
Ontario Superior Court of Justice in Toronto and Judge Kevin Gross
of the U.S. Bankruptcy Court in Wilmington, Del., agreed on the
outcome: a modified pro rata split of the money.


ONEOK INC: S&P Affirms 'BB+' Corporate Credit Rating
----------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'BBB'
corporate credit rating and 'A-2' short-term rating on ONEOK
Partners L.P. (OKS), and revised the outlook to negative from
stable.  S&P also affirmed its 'BB+' corporate credit rating on
general partnership ONEOK Inc. (OKE), and revised the outlook to
negative.  At the same time, S&P assigned its 'BB+' issue-level
rating and '3' recovery rating to OKE's proposed senior unsecured
notes.  The '3' recovery rating indicates that lenders can expect
meaningful (50% to 70%; upper half of the range) recovery if a
payment default occurs.

OKE will use the note offering's net proceeds and available cash to
purchase $650 million of common units from OKS in a private
placement.  OKS will use the private placement's net proceeds and
$100 million from an institutional investor to repay amounts
outstanding under its commercial paper program and for general
partnership purposes.  As of June 30, 2015, OKS had about
$7.7 billion of balance-sheet debt.

The rating action reflects S&P's view that systemwide leverage at
ONEOK Inc. will be elevated following the announcement that OKE
will issue debt to purchase common units from OKS.  Industry
fundamentals continue to pressure the midstream energy sector,
which has made it more challenging to issue public equity and
increased the cost of capital for many entities.  S&P now expects
the partnership to have adjusted debt to EBITDA in the 4.25x to
4.5x range through 2016 and do not expect leverage to improve to
below 4x until 2017, which is higher than S&P's previous
expectations.  Distribution coverage is also weak with minimal
cushion, at below 1x in 2015, improving to marginally above 1x by
2016.  That said, the proposed equity placement along with
management's continued focus on increasing the overall fee-based
margin should help the partnership meet its leverage targets.

"The rating action at OKE reflects our expectation of stand-alone
leverage exceeding 2x for the next 12 to 18 months and consolidated
leverage exceeding 5x during that time frame due to the proposed
debt offering," said Standard & Poor's credit analyst Mike Llanos.


S&P has maintained its positive assessment for stand-alone leverage
at OKE because S&P believes the leverage ratio should improve to
about 1.9x in 2017.  The improvement in leverage over time reflects
S&P's expectation of distribution growth at OKS in the
low-to-mid-single-digit range.  The 'BB+' corporate credit rating
reflects a two-notch downward revision from the 'BBB' rating of the
partnership.  Operating as a pure-play general partnership, OKE's
assets consist of its 2% general interest and limited partner
equity interests, which together represent a 42.1% ownership in OKS
pro forma for the transaction.

The negative rating outlook on OKS reflects S&P's view that the
partnership will have financial leverage in the 4.25x to 4.5x range
through 2016 and a weak distribution coverage ratio below 1x in
2015.  Further pressure on commodity prices and their potential
effect on future volume growth and cash flow could also impede
leverage from declining below 4x.

The negative rating outlook on OKE reflects S&P's expectation of
consolidated leverage exceeding 5x over the next 12 to 18 months
and stand-alone debt to EBITDA of 2x to 2.5x.  The negative outlook
also reflects S&P's maintaining a two-notch rating separation
between OKE relative to that of OKS.



ORLANDO CITY: Moody's Affirms Ba2 Rating on $32.6MM 2nd Lien Bonds
------------------------------------------------------------------
Moody's Investors Service has affirmed the City of Orlando's Baa2
rating on $174.4 million Series A Senior Tourist Development Tax
(TDT) Revenue Bonds and Ba2 rating on $32.6 million Series B Second
Lien Subordinate TDT Revenue Bonds.  The outlooks are revised to
positive from stable.  The city also has $87.3 million of Third
Lien TDT bonds debt outstanding which are not rated by Moody's.

SUMMARY RATING RATIONALE

The Baa2 and Ba2 ratings for the senior and second lien subordinate
bonds, respectively, are based on the near term potential, under
certain stressed scenarios, of depletion of both the liquidity and
debt service reserves of the Series 2008C bonds. The exhaustion of
these reserves would have knock-on effects for the ability of the
structure to support debt service payments for the Series C third
lien subordinate bonds (not rated) which would, in turn, trigger
cross-default provisions affecting both the Series A and Series B
bondholders.

The ratings also factor the narrow senior and second lien debt
service coverage from the recovering TDT revenues.  The
differential between the senior and second lien subordinate bonds
(Series A and B) reflects the more marginal coverage currently for
the second lien bonds and the increased likelihood of default
relative to the senior bonds.  While annual TDT revenue growth is
returning to historically strong levels, coverage on the lower
liens should remain somewhat constrained by substantial overall
debt service payments.  This will likely mean a continued
three-notch distinction between the subordinate and senior bonds
for the foreseeable future.

OUTLOOK

The positive outlook on the bonds reflects the stronger probability
of an upgrade within the next 12 to 18 months should TDT growth
remain strong.  With each passing year of positive annual TDT
growth, the likelihood of a series 2008C default diminishes,
creating a much narrower probability of default between the senior
and subordinate series of bonds.  Under an expected scenario,
coverage levels on the senior bonds should appreciate
significantly.

WHAT COULD MAKE THE RATING GO UP

  Significant improvement in TDT revenue growth, leading to better

   coverage of debt service coverage

  Continued growth in the underlying economy, hotel development
   and improving socio-economic indices

WHAT COULD MAKE THE RATING GO DOWN

  Steep and prolonged decline in the TDT

  Significantly narrowed debt service coverage on the senior and
   subordinate bonds

OBLIGOR PROFILE

The city of Orlando (issuer rating Aa1 stable) is located in
central Florida.

LEGAL SECURITY

The bonds are secured by 1/12 of the TDT revenues the county
collects, under the "Interlocal Agreement" between Orange County,
Orlando and the city of Orlando redevelopment agency.

USE OF PROCEEDS

Not applicable

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was US Public
Finance Special Tax Methodology published in January 2014.



OWENS-ILLINOIS INC: Moody's Rates $1-Bil. Unsecured Notes 'B1'
--------------------------------------------------------------
Moody's Investors Service assigned B1 ratings to the new senior
unsecured notes due August 2023 and August 2025 of Owens-Brockway
Glass Container, Inc. Parent company Owens-Illinois Inc.'s Ba3
corporate family rating, Ba3-PD probability of default, SGL, and
other instrument ratings are unchanged.  The ratings outlook is
stable.  The proceeds will be used to fund the acquisition of
Vitro's food & beverage business and to pay fees and expenses
associated with the transaction.  The acquisition is expected to be
completed before year end.

Moody's took these rating actions:

Owens-Brockway Glass Container, Inc.

   -- Assigned $1,000 million Senior Unsecured Notes due August
      2023 and 2025, B1 (LGD 5)

These ratings are unchanged:

Owens-Illinois Inc.

   -- Corporate Family Rating, Ba3
   -- Probability of Default Rating, Ba3-PD
   -- Speculative Grade Liquidity Rating, SGL-2
   -- All senior unsecured debt, B2 (LGD 6)

Owens-Brockway Glass Container, Inc.

   -- All senior secured debt, Baa3 (LGD2)
   -- All senior unsecured debt, B1 (LGD5)

OI European Group B.V.

   -- All senior secured debt, Baa3 (LGD2)
   -- All senior unsecured debt, Ba3 (LGD4)

The ratings outlook is stable.

The ratings are subject to the receipt and review of the final
documentation.

RATINGS RATIONALE

The Ba3 Corporate Family Rating reflects OI's leading position in
the industry, wide geographic footprint and continued focus on
profitability over volume.  The company has led the industry in
establishing and maintaining a strong pricing discipline and
improving operating efficiencies which has had a measurable impact
on its operating performance and the competitive equilibrium in the
industry.  OI is one of only a few major players that have the
capacity and scale to serve larger customers and has strong market
shares globally, including in faster growing emerging markets.  The
company has a wide geographic footprint and the industry is fairly
consolidated in many markets.

The ratings are constrained by the high concentration of sales,
high percentage of premium products and the asbestos liabilities.
The ratings are also constrained by the mature state of the
industry, cyclical nature of glass packaging and lack of growth in
developed markets.  Glass is considered a package for premium
products and subject to substitution and trading down in an
economic decline.  OI is heavily concentrated with a few customers
in the beer industry and has a high concentration of sales in
mainstream bottled beer.  Additionally, OI generates approximately
71% of proforma sales internationally while the majority of the
interest expense is denominated in U.S. dollars.

The ratings could be downgraded if there is deterioration in the
credit metrics, further decline in the operating and competitive
environment, and/or further increase in the asbestos liability.
While further large acquisitions are not anticipated, the rating
and/or outlook could also be downgraded for extraordinarily large,
debt-financed acquisitions or significant integration difficulties
with any acquired entities.  Specifically, the ratings could be
downgraded if funds from operations to debt declines below 12.5%,
debt to EBITDA rises above 4.8 times, and/or the EBITDA to interest
expense declines below 4.0 times.

The ratings could be upgraded if there is evidence of a sustainable
improvement in credit metrics within the context of a stable
operating profile and competitive position.  Specifically, the
ratings could be upgraded if funds from operations to debt
increases to greater than 16%, EBITDA to interest expense increases
above 5.0 times and debt to EBITDA declines below 4.0 times.

The principal methodology used in these ratings was Global
Packaging Manufacturers: Metal, Glass, and Plastic Containers
published in June 2009.

Headquartered in Perrysburg, Ohio, Owens-Illinois, Inc. ("OI") is
one of the leading global manufacturers of glass containers.  The
company has a leading position in the majority of the countries
where it operates.  OI serves the beverage and food industry and
counts major global beer and soft drink producers among its
clients.  For the 12 months ended March 2015, proforma sales were
approximately $7.5 billion.



PACIFIC GREEN: Files Amendment to Dec. 31 Quarterly Report
----------------------------------------------------------
Pacific Green Technologies Inc. filed with the U.S. Securities and
Exchange Commission an amendment to its Form 10-Q for the quarter
ended Dec. 31, 2014.  A copy of the Form 10-Q/A is available at:

                       http://is.gd/4UucvJ

The Company disclosed a net loss of $785,992 on $nil of revenue for
the three months ended Dec. 31, 2014, compared with a net loss of
$944,969 on $nil of revenue for the same period in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $13.03 million
in total assets, $11.36 million in total liabilities, and total
stockholders' equity of $1.67 million.

As at Dec. 31, 2014, the Company has not generated any revenues,
has a working capital deficit of $9.88 million, and has an
accumulated deficit of $52.5 million since inception.  These
factors raise substantial doubt regarding the Company's ability to
continue as a going concern.

Pacific Green Technologies Inc. (OTCMKTS: PGTK) designs, develops
and licenses technologies that promote cleaner and more sustainable
use of energy.  Based in San Jose, California, the Company offers
ENVI-Clean(TM) and ENVI-Pure(TM) emission control technologies for
power stations worldwide.


PACIFIC GREEN: Files Amendment to June 30 Quarterly Report
----------------------------------------------------------
Pacific Green Technologies Inc. filed with the U.S. Securities and
Exchange Commission an amendment to its Form 10-Q for the three
months ended June 30, 2014.  A copy of the Form 10-Q/A is available
at:

                       http://is.gd/4mp7Mh

The Company disclosed a net loss of $1.34 million on $nil of
revenue for the three months ended June 30, 2014, compared with a
net loss of $630,906 on $nil of revenue for the same period in
2013.

The Company's balance sheet at June 30, 2014, showed $13.7 million
in total assets, $11.06 million in total liabilities, and total
stockholders' equity of $2.61 million.

The continuation of the Company as a going concern is dependent
upon the continued financial support from its shareholders and note
holders, the ability of the Company to obtain necessary equity
financing to continue operations, and ultimately the attainment of
profitable operations.  As at June 30, 2014, the Company has not
generated any revenues, has a working capital deficit of $9.62
million, and has an accumulated deficit of $50.97 million since
inception.  These factors raise substantial doubt regarding the
Company's ability to continue as a going concern.
                         
Pacific Green Technologies Inc. (OTCMKTS: PGTK) designs, develops
and licenses technologies that promote cleaner and more sustainable
use of energy.  Based in San Jose, California, the Company offers
ENVI-Clean(TM) and ENVI-Pure(TM) emission control technologies for
power stations worldwide.


PACIFIC GREEN: Files Amendment to Sept. 30 Quarterly Report
-----------------------------------------------------------
Pacific Green Technologies Inc. filed with the U.S. Securities and
Exchange Commission an amendment to its Form 10-Q for the quarter
ended Sept. 30, 2014.  A copy of the Form 10-Q/A is available at:

                       http://is.gd/4UucvJ

The Company disclosed a net loss of $744,681 on $nil of revenue for
the three months ended Sept. 30, 2014, compared to a net loss of
$927,186 on $nil of revenue for the same period in the prior year.

The Company's balance sheet at Sept. 30, 2014, showed $13.41
million in total assets, $11.23 million in total liabilities, and
total stockholders' equity of $2.17 million.

As at Sept. 30, 2014, the Company has not generated any revenues,
has a working capital deficit of $9.8 million, and has an
accumulated deficit of $51.72 million since inception.  These
factors raise substantial doubt regarding the Company's ability to
continue as a going concern.

Pacific Green Technologies Inc. (OTCMKTS: PGTK) designs, develops
and licenses technologies that promote cleaner and more sustainable
use of energy.  Based in San Jose, California, the Company offers
ENVI-Clean(TM) and ENVI-Pure(TM) emission control technologies for
power stations worldwide.


PANDA SHERMAN: S&P Puts 'B' Loan Rating on CreditWatch Negative
---------------------------------------------------------------
Standard & Poor's Ratings Services said it placed its 'B' project
finance ratings on Panda Sherman Power LLC's $372 million term loan
B due 2018 ($369.3 million outstanding) and $30 million cash
collateralized letter of credit due 2018 ($20 million outstanding)
on CreditWatch with negative implications.  The '2' recovery
rating, indicating "substantial" (70%-90%; upper end of the range)
recovery if a default occurs, is unchanged.

The CreditWatch placement stems from a forced outage at the Sherman
power plant.  Although plant availability is a key credit driver
for merchant power plants in general, the exposure to weaker
operations is particularly acute for plants in Texas.  There is no
capacity market in Texas currently, so merchant plants can only
earn cash flows when they are running.  In addition, these assets
generally earn a significant share of their annual cash flow during
the summer, due to high temperatures and relatively low reserve
margins during that time.  Indeed, other Texas projects are earning
high power prices and spark spreads during this relatively hot
period.  An outage of any meaningful duration could hamper the
project's ability to meet S&P's expectations for repayment of its
term loan B.

"At present, we believe the issuer has liquidity exceeding $40
million, which should be sufficient to cover fixed costs for even a
relatively prolonged outage," said Standard & Poor's credit analyst
Michael Ferguson.

The outage could affect the project's rating in several ways.
First, the plant's debt service coverage ratios could be reduced;
while this could be by a significant margin in 2015, ratios could
also be somewhat weaker than S&P's previous base case expectations
in 2016 and beyond if less debt is paid down.  Also, due to the
project's likely inability to sweep significant cash in 2015 in
light of this operational challenge, S&P would expect refinancing
risk to rise, though it don't presently see it as a ratings
constraint.  If further investigation shows that this is a problem
that could recur, S&P may revise its assessment of the plant's
operational risk.  Finally, S&P also would consider any impact on
the plant's liquidity, especially if solving the problem becomes
expensive.  S&P considers liquidity to be very important for
merchant power assets, especially in the highly volatile Texas
market.

The negative CreditWatch reflects the possibility that this outage
could result in lower project ratings through weaker cash flows or
a weaker operations assessment, as well as reduced liquidity.  S&P
expects to resolve the CreditWatch placement within 90 days as it
gains further clarity into the costs associated with fixing this
outage, as well as the cash flow impacts of being inactive during a
very lucrative period.



PARKVIEW ADVENTIST: CMHC Seeks Dismissal of Cash Collateral Motion
------------------------------------------------------------------
Central Maine Healthcare Corporation objected to the cash
collateral motion filed by debtor Parkview Adventist Medical
Center.

In its request for approval to use cash collateral, the Debtor
claims that:

     (a) CMHC does not have a valid or enforceable lien in any of
the Debtor's assets and therefore also has no interest in cash
collateral that must be adequately protected;

     (b) The mortgages and security interests in the assets of the
Debtor acquired by CMHC are not valid or enforceable under Maine
Law because they were not authorized in accordance with the same;

     (c) CMHC's efforts to defend the validity and enforceability
of its liens on the contention that "ultra vires" corporate acts
are not null and void are unavailing.  The challenged corporate
acts are illegal, not ultra vires;

     (d) The Debtor had no authority to grant liens on all of its
assets in connection with the 2008 transaction (where CMHC took as
collateral a mortgage or security interest in all of the Debtor's
assets) and, accordingly, those liens are illegal and void;

     (e) CMHC has no enforceable security interest in the Debtor's
accounts; and

     (f) The Debtor is able to provide adequate protection to CMHC
should the Court decline to invalidate CMHC's liens.

In response to the Debtor's assertions, CMHC claims that:

     (i) The Debtor is not permitted to raise the defense of lack
of authority against CMHC to invalidate the mortgages and the
security agreement granted in favor of CMHC.  CMHC reasonably
relied on the representations made by the President in executing
the Note, the Mortgages and the Security Agreement, and on the
representations made by the law firm that the Debtor duly
authorized to act on its behalf with respect to this loan
transaction.  The Debtor's argument that CMHC could have or should
have done an independent investigation of the minutes of the
meetings of the Debtor's board and the minutes of the meetings of
the Debtor's members to confirm these representations runs counter
to legislative intent and well established commercial and lending
practices.

    (ii) The uncontroverted evidence was that the proceeds of the
CMHC loan were deposited in the Debtor's operating account and were
used to pay off outstanding loans and discharge mortgages and
security agreements totaling more than $3,000,000, and that the
balance was used to pay off trade creditors.  Refinancing and
consolidating outstanding loans to simplify a corporation's debt
structure are actions that corporations take in the ordinary course
of business.

   (iii) In accordance with Section 710 of Title 13-B, CMHC was
entitled to assume that Theodore Lewis, as President of the Debtor,
had authority to borrow funds and sign the note, the mortgages, and
the security agreement, without regard to common law principles of
apparent authority.

     (d) CMHC's security interest in the Debtor's accounts,
including its Medicare receivables have "attached" and are
perfected.

     (e) The Debtor has failed to demonstrate that CMHC's secured
interests will be adequately protected if the Debtor is permitted
to use cash collateral and/or borrowing on a secured basis with a
priming lien.

The Debtor's Parkview Adventist Medical Center is represented by:

          George J. Marcus, Esq.
          Jennie L. Clegg, Esq.
          Lee H. Bals, Esq.
          David C. Johnson, Esq.
          Andrew C. Helman, Esq.
          MARCUS, CLEGG & MISTRETTA, P.A.
          One Canal Plaza, Suite 600
          Portland, ME 04101
          Telephone: (207)828-8000
          E-mail: gmarcus@mcm-law.com
                  jclegg@mcm-law.com
                  lbals@mcm-law.com
                  djohnson@mcm-law.com
                  ahelman@mcm-law.com

Central Maine Healthcare Corporation is represented by:

          Darcie P.L. Beaudin, Esq.
          Michael R. Poulin, Esq.
          Amy Dieterich, Esq.
          SKELTON, TAINTOR & ABBOT
          95 Main Street
          Auburn, ME 04210
          Telephone: (207)784-3200
          E-mail: dbeaudin@sta-law.com
                  mpoulin@sta-law.com
                  adieterich@sta-law.com

              About Parkview Adventist Medical Center

Parkview Adventist Medical Center, a Maine non-profit corporation,
operates the Parkview Hospital, a faith-based acute care community
hospital located in Brunswick, Maine, affiliated with the Seventh
Day Adventist Church.  Its mission is to provide services
supporting the physical, emotional and spiritual wellness of its
patients.

Parkview sought Chapter 11 protection (Bankr. D. Maine Case No.
15-20442) in Portland, Maine, on June 16, 2015.  The case is
assigned to Judge Peter G Cary.

The Debtor estimated $10 million to $50 million in assets and
debt.

The deadline for filing claims is Oct. 7, 2015.  The Debtor's plan
and disclosure statement are due Oct. 14, 2015.

The Debtor is represented by George J. Marcus, Esq., at Marcus,
Clegg & Mistretta, PA, in Portlane, Maine.



PARKVIEW ADVENTIST: Seeks Approval to Sell Hospital to Mid Coast
----------------------------------------------------------------
Parkview Adventist Medical Center seeks approval from the United
States Bankruptcy Court for District of Maine to sell its hospital
facility and certain related assets to Mid Coast Hospital free and
clear of all liens, claims, encumbrances and interests.

Pursuant to an asset purchase agreement, Mid Coast would purchase
the Transferred Assets which consist of the following: (i) the real
property upon which the Facility is located including the land,
buildings and associated rights owned by the Debtor located in
Brunswick, Maine, but not including certain real estate owned by
subsidiaries; (ii) the medical and other equipment owned by Debtor
located in Brunswick, Maine; (iii) to the extent assignable, all of
Debtor's right, title and interest in and to those contracts and
agreements as Mid Coast may identify, (iv) all of the furniture,
fixtures, and fixed equipment, materials, supplies and inventory
reasonably related to services that are described in the "Master
Plan;" and (v) patient and medical records owned by the Debtor and
currently used or usable in the operation of the Transferred
Assets.

The Purchase Price for the Transferred Assets, payable at Closing
except as otherwise provided, is as follows: (i) $939,949 in cash
by wire transfer or bank check; plus (ii) Mid Coast will either (X)
forgive or credit bid the lesser of (i) any balance due under any
Debtor-in-possession financing advanced by Mid Coast or (ii)
$1,500,000.  Alternatively, (Y) if the balance outstanding on the
DIP Loan is less than $1,000,000, as of the Closing, pay, in cash,
by wire transfer or bank check, an amount equal to the difference
between the balance outstanding on the DIP Loan and $1,000,000;
plus (iii) Mid Coast will pay up to $600,000 of the Debtor's
professional and other fees entitled to administrative priority in
accordance with the APA; plus (iv) Mid Coast will assume all
obligations of the Debtor to MHHEFA, up to $910,000, all
obligations of the Debtor to counterparties under the Contracts;
plus (v) Mid Cost will assume and agree to pay, when and as they
become due, all obligations of Debtor for accrued vacation and sick
pay of current Debtor's employees hired by Mid Coast after the
Closing, up to $1,140,000.

The Debtor explains that it has experienced significant and
long-term financial challenges that require the Debtor to change
its operations to continue to fulfill its mission of providing
quality health care services in a faith based, mission driven
environment.  It believes that a sale of the transferred assets can
and should occur expeditiously, and before a sale could occur to a
confirmed plan of reorganization.  The Debtor has determined that
it is in the best interests of the estate, all creditors, and most
importantly, the community which the Debtor serves, to complete the
transition to Mid Coast by transferring the transferred assets to
Mid Coast as soon as possible.

The Debtor also seeks authority to assume and assign and/or reject
certain executory contracts and leases related to the assets.

Parkview Adventist Medical Center is represented by:

          George J. Marcus, Esq.
          Lee H. Bals, Esq.
          Jennie L. Clegg, Esq.
          David C. Johnson, Esq.
          Andrew C. Helman, Esq.
          MARCUS, CLEGG & MISTRETTA, P.A.
          One Canal Plaza, Suite 600
          Portland, ME 04101
          Tel: (207) 828-8000
          Email: gmarcus@mcm-law.com
                 lbals@mcm-law.com
                 jclegg@mcm-law.com
                 djohnson@mcm-law.com
                 ahelman@mcm-law.com

                    About Parkview Adventist

Parkview Adventist Medical Center, a Maine non-profit corporation,
operates the Parkview Hospital, a faith-based acute care community
hospital located in Brunswick, Maine, affiliated with the Seventh
Day Adventist Church.  Its mission is to provide services
supporting the physical, emotional and spiritual wellness of its
patients.

Parkview sought Chapter 11 protection (Bankr. D. Maine Case No.
15-20442) in Portland, Maine, on June 16, 2015.  The case is
assigned to Judge Peter G Cary.

The Debtor estimated $10 million to $50 million in assets and
debt.

According to the docket, the appointment of a health care ombudsman
is due by July 16, 2015.  The deadline for filing claims is Oct. 7,
2015.  The Debtor's plan and disclosure statement are due Oct. 14,
2015.

The meeting of creditors under 11 U.S.C. Sec. 341(a) is slated for
July 9, 2015 at 1:00 p.m.

The Debtor is represented by George J. Marcus, Esq., at Marcus,
Clegg & Mistretta, PA, in Portlane, Maine.


PARKVIEW ADVENTIST: Sues CMHC to Clawback $30-Mil. in Payment
-------------------------------------------------------------
Parkview Adventist Medical Center filed an adversary complaint
against Central Maine Healthcare Corporation, Central Maine Medical
Center, and Bridgton Hospital seeking (A) the avoidance of
transfers to the CM Entities as fraudulent or preferential
transfers under the Maine Uniform Fraudulent Transfer Act, codified
in Sections 3571 et seq. of title 14 of the Maine Revised Statutes,
and the Bankruptcy Code, including payment of double damages,
authorized pursuant to Section 3578 of MUFTA, in an amount not less
than $30 million and the reconveyance of certain parcels of real
estate in Brunswick, Maine; (B) the recharacterization or
subordination of any debt obligation that Parkview may owe to the
CM Entities; (C) damages for negligence and breach of fiduciary
duty by CMHC, which served as Chief Executive Officer of Parkview
at all times relevant to the Complaint; and (D) entry of the
Court's declaratory judgment that CMHC, as a former officer of
Parkview, is liable for certain debts that it claims are owed to it
by Parkview and which were incurred in violation of title 13-B of
the Maine Revised Statutes.

Parkview Adventist Medical Center is represented by:

          George J. Marcus, Esq.
          Lee H. Bals, Esq.
          Jennie L. Clegg, Esq.
          David C. Johnson, Esq.
          Andrew C. Helman, Esq.
          MARCUS, CLEGG & MISTRETTA, P.A.
          One Canal Plaza, Suite 600
          Portland, ME 04101
          Tel: (207) 828-8000
          Email: gmarcus@mcm-law.com
                 lbals@mcm-law.com
                 jclegg@mcm-law.com
                 djohnson@mcm-law.com
                 ahelman@mcm-law.com

                    About Parkview Adventist

Parkview Adventist Medical Center, a Maine non-profit corporation,
operates the Parkview Hospital, a faith-based acute care community
hospital located in Brunswick, Maine, affiliated with the Seventh
Day Adventist Church.  Its mission is to provide services
supporting the physical, emotional and spiritual wellness of its
patients.

Parkview sought Chapter 11 protection (Bankr. D. Maine Case No.
15-20442) in Portland, Maine, on June 16, 2015.  The case is
assigned to Judge Peter G Cary.

The Debtor estimated $10 million to $50 million in assets and
debt.

According to the docket, the appointment of a health care ombudsman
is due by July 16, 2015.  The deadline for filing claims is Oct. 7,
2015.  The Debtor's plan and disclosure statement are due Oct. 14,
2015.

The meeting of creditors under 11 U.S.C. Sec. 341(a) is slated for
July 9, 2015 at 1:00 p.m.

The Debtor is represented by George J. Marcus, Esq., at Marcus,
Clegg & Mistretta, PA, in Portlane, Maine.


PATRIOT COAL: Pitches for Approval to Backtop $50M Offerings
------------------------------------------------------------
Bill Rochelle, a bankruptcy columnist for Bloomberg News, reported
that Patriot Coal Corp. is seeking court approval of backstop
agreements to ensure success of two rights offerings to raise the
$50 million required to implement a reorganization plan under which
Blackhawk Mining LLC would buy most of its mines.

According to the report, in one offering, eligible holders of
first-lien term loans can pay $19 million to buy $49.4 million in
new second-lien PIK loans, which pay interest with more debt.
Noteholders can also spend $31 million to get $40 million in new
second-lien PIK notes and 24 percent of the equity, the report
related.

                        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
appointed seven creditors of the company to serve on the official
committee of unsecured creditors.

On June 22, 2015, Joseph Bean, Patriot Coal's senior
vice-president, was designated by the court to perform the duties
imposed upon the company by the Bankruptcy Code.  This designation
will remain in effect during the entire pendency of Patriot Coal's
case until altered by order of the court.

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


PENN VIRGINIA: Moody's Lowers Corporate Family Rating to 'Caa1'
---------------------------------------------------------------
Moody's Investors Service downgraded Penn Virginia Corporation's
(PVA) Corporate Family Rating (CFR) to Caa1 from B3 and ratings on
its senior unsecured notes to Caa2 from Caa1. The Speculative Grade
Liquidity Rating was lowered to SGL-4 from SGL-3. The rating
outlook was changed to negative from stable.

"The downgrade reflects our expectation that Penn Virginia's credit
metrics and liquidity will deteriorate given its lower hedged
volumes in 2016," stated James Wilkins, a Moody's Vice President --
Senior Analyst. "The company has raised funds from asset sales and
taken actions to improve its profit margins, but will be challenged
to limit negative free cash flow as it seeks to maintain production
volumes."

The following summarizes the ratings:

Issuer: Penn Virginia Corporation

Downgrades:

Corporate Family Rating, Downgraded to Caa1 from B3

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

Sr. Unsec notes due 2019, Downgraded to Caa2 (LGD4) from Caa1
(LGD4)

Sr. Unsec notes due 2020, Downgraded to Caa2 (LGD4) from Caa1
(LGD4)

Speculative Grade Liquidity Rating, Downgraded to SGL-4 from SGL-3

Outlook Actions:

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

The downgrade reflects Moody's expectation that PVA's profit
margins and cash flow will decline in 2016 due to low oil, natural
gas and natural gas liquids (NGL) prices, lower hedged production
volumes and substantial ongoing capital spending requirements to
maintain flat production. The company expects to generate slightly
negative free cash flow in the second half 2015, but will cover the
shortfall and reduce its revolving credit facility borrowings with
proceeds from the East Texas assets sale ($75 million gross
proceeds) that will close in the third quarter 2015. Penn Virginia
had around one third of its 2016 production hedged at $80/bbl as of
June 30, 2015, a lower percentage than in 2015 and at lower prices,
which will result in lower profits, absent a change in commodity
prices.

PVA's SGL-4 rating reflects Moody's expectation that the company
will have weak liquidity in 2016, without securing additional
funding or executing further asset sales. The company's liquidity
is primarily supported by its operating cash flow and unused
availability under its revolving credit facility, but will decline
as PVA outspends cash flow just to maintain production levels. PVA
has reduced its capital spending in 2015 to a target level of $325
- $345 million, a 57 percent reduction from the $774 million spend
in 2014, and has guided investors that 2016 spending will be in the
range of $200 to $250 million (an additional one-third reduction
from 2016 levels). Moody's expects the company will continue to
generate negative free cash flow in 2016 and remain reliant on
external funding.

PVA relies on its revolving credit facility due 2017 to fund
operating activities. As of June 30, 2015, the revolver had
commitments and a borrowing base of $425 million, and $211 million
of unused availability. The borrowing base will decline with the
November 2015 borrowing base redetermination, reflecting lower
commodity prices and fewer hedges in place on 2016 production. The
company has disclosed that the sale of assets in East Texas will
reduce the borrowing base by $30 million in the third quarter 2015.
The revolving credit agreement has three financial covenants -- a
minimum current ratio, a maximum leverage ratio and a maximum
credit exposure covenant. Lower earnings in 2016 may require the
company to seek a waiver of its financial covenants.

PVA does not have any debt maturities until September 2017, when
the revolver matures. The company has a limited ability to raise
additional funds from further asset sales.

The Caa1 CFR reflects PVA's modest scale as measured by its limited
production (23.5 Mboe/day) and proved reserves base (115 million
boe) relative to higher rated E&P companies, as well as high
leverage with debt on production of $56,000 per boe and proved
developed reserves of $29 per boe. The company requires significant
capital to develop its large undeveloped Eagle Ford acreage.

The outlook is negative. A rating downgrade is most likely to
result if liquidity continues to deteriorate. More specifically, if
combined cash and revolver liquidity falls below $100 million, the
CFR could be downgraded. A positive rating action is unlikely in
2016. However, we would consider an upgrade if PVA's retained cash
flow to debt remained above 15%, liquidity was adequate and the
level of negative free cash flow is significantly lowered.

Penn Virginia Corporation, headquartered in Radnor, Pennsylvania,
is a publicly traded oil and gas company primarily engaged in the
development, exploration, and production of natural gas and oil in
Texas, Oklahoma, Mississippi and the Appalachia.



PEREGRINE PHARMACEUTICALS: E&Y Expresses Going Concern Doubt
------------------------------------------------------------
Peregrine Pharmaceuticals, Inc., reported a net loss of $50.4
million on $26.8 million of total revenues in fiscal year ended
April 30, 2015, compared with a net loss of $35.4 million on $22.4
million of total revenues in 2014.

The Company's balance sheet at April 30, 2015, showed $97.5 million
in total assets, $37.3 million in total liabilities, $1.1 million
in deferred rent and total stockholders' equity of $59.0 million.

Ernst & Young LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing the Company's
recurring losses from operations and negative cash flows from
operating activities.

A copy of the Form 10-K filed with the U.S. Securities and Exchange
Commission is available at:

                       http://is.gd/Riz8Fy

Peregrine Pharmaceuticals is a biopharmaceutical company with a
pipeline of novel drug candidates in clinical trials focused on
the treatment and diagnosis of cancer.



PINE NEEDLES: Case Summary & 3 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Pine Needles, LLC
        1405 Chews Landing Road
        Laurel Springs, NJ 08021

Case No.: 15-25155

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 12, 2015

Court: United States Bankruptcy Court
       District of New Jersey (Camden)

Judge: Hon. Andrew B. Altenburg Jr.

Debtor's Counsel: Scott H. Marcus, Esq.
                  SCOTT H MARCUS & ASSOCIATES
                  121 Johnson Road
                  Turnersville, NJ 08012
                  Tel: (856) 227-0800
                  Fax: (856) 227-7939
                  Email: smarcus@marcuslaw.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by George W. Matteo, Sr., managing member.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/njb15-25155.pdf


PORTER BANCORP: Maria Bouvette Reports 14.9% Stake as of Aug. 4
---------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Maria L. Bouvette disclosed that as of Aug. 4, 2015,
she beneficially owned 2,858,128 shares of common stock of Porter
Bancorp, Inc., which represents 14.9 percent of the shares
outstanding.

On Aug. 4, 2015, the Reporting Person entered into a Rule 10b5-1
Sales Trading Plan with Raymond James & Associates, Inc. providing
for the sale of up to 60,000 shares of the Issuer's common stock
over a 12 month period.

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

                         http://is.gd/pC7NJh

                        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.  

As of June 30, 2015, the Company had $979.3 million in total
assets, $949.2 million in total liabilities and $30 million in
total stockholders' equity.

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.


PREMIER GOLF: Seeks Ch. 11 Case Dismissal, Approval of Settlement
-----------------------------------------------------------------
Premier Golf Properties, LP, asks the U.S. Bankruptcy Court for the
Southern District of California to dismiss its Chapter 11 case and
approve its Forbearance and Settlement Agreement with Cottonwood
Cajon ES, LLC.

The Debtor alleges that the core issue in the proceeding is that
between Far East National Bank and the Debtor and that dispute was
the trigger event for the commencement of the Chapter 11 case and
is the subject of a pending California Superior Court action
against the guarantor which remains unsolved.  The Debtor tells the
Court that Far East National Bank had sold, transferred and
assigned its note and deed of trust to Cajon ES, who has had no
involvement in the dispute.  The Debtor further tells the Court
that the issues outstanding between it and Cajon ES had been
resolved and that they had both entered into a Forbearance and
Settlement Agreement.

The Forbearance and Settlement Agreement provides for these terms:

     (1) Premier and Cajon acknowledge and agree that the principal
sum due at June 18, 2015 is  $16,891,939 million.

     (2) Premier will pay, on the latter of the date upon which the
Court approves the settlement set forth herein and orders the
dismissal of the Chapter 11 proceeding or Oct. 21, 2015, whichever
occurs later, an interim payment of $6,500,000.  Said Interim
Payment will not be applied to the Current Balance unless and until
the entire Current Balance due is paid.  Should the Interim Payment
not be paid when due on Oct. 21, 2015, then Cajon ES may conduct a
non-judicial foreclosure on that date or as soon thereafter as the
same may be scheduled;

     (3) Premier will make 24 monthly payments in the amount of
$40,000 each commencing on June 18, 2015 for a total of $960,000.
Each monthly payment will be due on the 18th of each month
thereafter and the final monthly payment shall be due on May 18,
2017.  In the event of an uncured default which results in a
foreclosure by Cajon ES all payments made under the Agreement shall
be credited to the note balance in accord with the terms of the
Agreement;

     (4) Premier will pay the current balance of $16,891,939 plus
all interest accrued as set forth in the Agreement on or before May
21, 2017.  Interest will accrue on the Current Balance at a rate of
3.75% per annum up to Feb. 28, 2016 and at the rate of 8.75
thereafter;

     (5) Upon the condition that Premier fully performs all of the
obligations set forth in the Agreement, Cajon ES shall, upon
receipt of the final payment, deliver to Premier the original loan
agreement, promissory note and deed of trust duly endorsed as paid
in full together with a deed of re-conveyance of the deed of trust
and cancellation of all security interests;

     (6) Premier will pay all past due and current real estate
taxes, which are estimated to be $2,500,000, on or before Dec. 10,
2015.  Upon the making of the real estate tax payment in a timely
fashion, guarantor Henry Gamboa will be released from his guarantee
of all obligations of Premier to Cajon ES.  Should said real estate
property taxes be paid earlier, guarantor Henry Gamboa shall be
released when payment is made and posted by the San Diego County
Assessor/Tax Collector;

      (7) Upon execution of the agreement and satisfaction of the
conditions set forth above, Cajon ES agrees to dismiss that certain
suit now pending in the Superior Court of the County of San Diego
without prejudice and with the statute of limitations being tolled.
Should the Superior Court decline to accept a stipulation and
proposed order relative to dismissal and tolling, the Superior
Court suit will be stayed and continued with an order to show cause
re: dismissal until May 21, 2017.  Moreover the Superior Court suit
will be dismissed with prejudice upon payment of all real estate
taxes due.

     (8) Upon execution of the  agreement Premier will forthwith
move to dismiss the  Chapter 11 proceeding under Federal Rule of
Bankruptcy Procedure 9019.

Jack F. Fitzmaurice, Esq., at Fitzmaurice & Demergian, in Chula
Vista, California, tells the Court that the precipitating event as
to the initiation of the Chapter 11 case was the dispute and
consequent threat of foreclosure by Cajon ES as Far East National
Bank's successor. He says that the compromise removes that
precipitating cause and will allow the Debtor to pay its creditors
much more rapidly.

A full-text copy of the Forbearance and Settlement Agreement dated
July 22, 2015, is available at http://is.gd/kmitNf

Premier Golf Properties is represented by:

          Jack F. Fitzmaurice, Esq.
          FITZMAURICE & DEMERGIAN
          1061 Tierra Del Rey, Suite 204
          Chula Vista, CA 91910
          Telephone: (619)591-1000
          Facsimile: (619)591-1010
          E-mail: fitz01@earthlink.net

                  About Premier Golf Properties

Premier Golf Properties, LP filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Cal. Case No. 15-01068) on Feb. 24, 2015.  Daryl
Idler signed the petition as secretary of Premier Golf Property
Management Inc, general partner.  Jack Fitzmaurice, Esq., at
Fitzmaurice & Demergian, represents the Debtor as counsel.

Premier Golf Properties LP disclosed $44,363,923 in assets and
$19,228,427 in liabilities as of the Chapter 11 filing.



PRESIDENTIAL REALTY: Incurs $140,000 Net Loss in Second Quarter
---------------------------------------------------------------
Presidential Realty Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $140,193 on $240,561 of revenues for the three months
ended June 30, 2015, compared to net income of $70,396 on $220,730
of revenues for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss of $299,093 on $471,703 of revenues compared to a net loss of
$194,506 on $440,387 of revenues for the same period a year ago.

As of June 30, 2015, the Company had $970,710 in total assets, $1.9
million in total liabilities and a $1 million total stockholders'
deficit.

The Company obtains funds for working capital and investment from
its available cash.

At June 30, 2015, the Company had $253,977 in available cash, a
decrease of $188,636 from $442,613 available at Dec. 31, 2014. This
decrease in cash and cash equivalents was due to cash used in
operating activities of $171,050, $4,752 used in investing
activities, and $12,834 of principal payments made on the Mapletree
Industrial Center mortgage.

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

                        http://is.gd/RVlZsB

                      About Presidential Realty

Headquartered in White Plains, New York, Presidential Realty
Corporation, a real estate investment trust, is engaged
principally in the ownership of income-producing real estate and
in the holding of notes and mortgages secured by real estate or
interests in real estate.  On Jan. 20, 2011, Presidential
stockholders approved a plan of liquidation, which provides for
the sale of all of the Company's assets over time and the
distribution of the net proceeds of sale to the stockholders after
satisfaction of the Company's liabilities.

Presidential Realty reported net income of $2.47 million on
$847,000 of total revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $2.33 million on $780,000 of total
revenues in 2012.

Baker Tilly Virchow Krause, LLP, in Melville, New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company has suffered recurring losses from
operations and has a working capital deficiency.  These factors
raise substantial doubt about its ability to continue as a going
concern.


RADIOSHACK CORP: Plan & Disclosures Hearing Set for Sept. 16
------------------------------------------------------------
RS Legacy Corporation, f/k/a Radioshack Corp., et al., filed with
the U.S. Bankruptcy Court for the District of Delaware a First
Amended Joint Plan of Liquidation and accompanying disclosure
statement to incorporate the Court's order  approving solicitation
procedures.

The combined Plan and Disclosure Statement hearing will commence on
Sept. 16, 2015, at 9:30 a.m.  The deadline to file objections to
the approval of the Disclosure Statement and confirmation of the
Plan is Sept. 9.  To be counted, ballots must be duly completed,
executive and received by the Debtors' voting agent by Sept. 10.

The First Amended Plan provides for the following claims
classification and treatment:

   * Class 1 - Priority Claims.  Unimpaired.  Will receive cash in
an amount equal to the Allowed Claim.  Estimated Claim Amount:  $2
million to $8 million.  Estimated percentage recovery: 100%

   * Class 2 - Secured Claims.  Unimpaired.  Will receive, at the
sole and exclusive option of the Liquidating Trustee: (a) Cash
equal to the amount of the Claim; (b) the collateral securing the
Claim; or (c) satisfaction of the Claim pursuant to other terms and
conditions as may be agreed upon by the Liquidating Trustee and the
holder of the Claim.  Estimated claim amount: $0 million to $3
million.  Estimated percentage recovery: 100%

   * Class 3 - SCP Secured Claims.  Impaired.  The SCP Agent will
receive the Encumbered Cash to the extent authorized by the Dispute
Resolution.  Estimated claim amount: $70 million.  Estimated
percentage recovery: 80% to 90%.

   * Class 4 - IRS Claims.  Impaired.  Will receive treatment of
the Claim pursuant to terms and conditions as (a) may be agreed by
the holder of the Claim or (b) ordered by the Bankruptcy Court.
Estimated claim amount: $0 to $128 million.  Estimated percentage
recovery: Subject to negotiation.

   * Class 5 - Dark Store Claims.  Impaired.  Will receive Cash
equal to 75% of the amount of the Claim, unless the holder of the
Claim agrees to less favorable treatment.  Estimated claim amount:
$350,000 to $400,000.  Estimated percentage recovery: 75%.

   * Class 6 - General Unsecured Claims.  Impaired.  Will receive a
Pro Rata share, with Allowed Claims in Classes 6 and 7, of the
Remaining Liquidating Trust Assets.  Estimated claim amount: $200
million to $400 million.  Estimated percentage recovery: Unknown.

   * Class 7 - 2019 Note Claims.  Impaired.  Will receive (a) a Pro
Rata share, with Allowed Claims in Classes 5 and 7, of the
Remaining Liquidating Trust Assets plus (b) the Potential 2019 Note
Additional Distributions.  Estimated claim amount: $330 million.
Estimated percentgage recovery: Unknown.

   * Class 8 - Intercompany Claims.  Impaired.  No property will be
distributed to or retained on account of the Intercompany Claims.
On the Effective Date, all Intercompany Claims will be released and
of no further force or effect.  Estimated claim amount: $0 to $2.4
billion.  Estimated percentage recovery: 0%

   * Class 9 - Stock Interests in Radioshack.  Impaired.  On the
Effective Date, all outstanding Stock Interests of RadioShack will
be cancelled.  Upon cancellation, no property will be distributed
to, or retained by, holders of the Stock Interests of RadioShack.
On the Effective Date, the Liquidating RadioShack Stock will be
issued to the Liquidating Trust.  Estimated claim amount: N/A.
Estimated percentage recovery: 0%.

   * Class 10 - Stock Interests in Other Debtors.   Impaired.  The
outstanding Stock Interests of each Other Debtor will remain
outstanding and will be cancelled when the existence of the Other
Debtor is terminated in accordance with the Plan.  Upon
cancellation, no property will be distributed to, or retained by,
holders of the Stock Interests.  Estimated claim amount: N/A.
Estimated percentage recovery: 0%.

A blacklined version of the Disclosure Statement is available
at http://bankrupt.com/misc/RSIds0810.pdf

                 About RadioShack Corporation

Headquartered in Fort Worth, Texas, RadioShack is a retailer of
mobile technology products and services, as well as products
related to personal and home technology and power supply needs.
RadioShack's retail network includes more than 4,300
company-operated stores in the United States, 270 company-operated
stores in Mexico, and approximately 1,000 dealer and other outlets
worldwide.

RadioShack Corporation and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 15-10197) on Feb. 5, 2015. Judge
Kevin J. Carey presides over the case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul M.
Green, Esq., at Jones Day serve as the Debtors' bankruptcy
counsel.

David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and John H.
Schanne, II, Esq., at Pepper Hamilton LLP serve as co-counsel.
Carlin Adrianopoli at FTI Consulting, Inc., is the Debtors'
restructuring advisor. Maeva Group, LLC, is the Debtors' Turnaround
advisor. Lazard Freres & Co. LLC is the Debtors' investment banker.
A&G Realty Partners is the Debtors' real estate advisor.  Prime
Clerk is the Debtors' claims and noticing agent.

In their Petitions, the Debtors disclosed total assets of $1.2
billion, versus total debts of $1.3 billion.

Quinn Emanuel Urquhart & Sullivan, LLP and Cooley LLP represent the
Official Committee of Unsecured Creditors as co-counsel.  Houlihan
Lokey Capital, Inc., serves as financial advisor and investment
banker.  The bankruptcy case is assigned to Judge Brendan L.
Shannon.


RCS CAPITAL: Moody's Affirms 'B3' Rating on $575MM 1st Lien Loan
----------------------------------------------------------------
Moody's Investors Service affirmed RCS Capital Corporation's (RCS)
B3 first lien and Caa2 second lien ratings and maintained a
negative ratings outlook following the company's announcement of
several strategic initiatives and second quarter 2015 operating
results.

Moody's has taken these rating actions:

  Corporate family rating, affirmed at B3

  $575 million senior secured first lien term loan, affirmed at B3

  $25 million senior secured first lien revolving credit facility,

   affirmed at B3

  $150 million senior secured second lien term loan, affirmed at
   Caa2
  Outlook, remains negative

RATINGS RATIONALE

Moody's said the announced strategic initiatives reflect an
anticipated realignment of RCS' focus towards its large retail
advisory business following the prolonged erosion of franchise
value in its wholesale distribution business.  The company's poor
first half 2015 results across all its business units has worsened
its debt coverage metrics, which are significantly below its
current rating level on a pro-forma annualized 2015 basis, said
Moody's.  Accordingly, the rating agency noted, a significant
improvement in results will be necessary for the company to
maintain its existing ratings at its current level of debt.  The
negative outlook reflects the challenges the rating agency believes
the firm faces in achieving this improvement.

Moody's said that RCS' announced sale of its loss-making wholesale
distribution business to affiliates of Apollo Global Management is
credit positive because it removes an impaired franchise from its
business mix and eliminates the related drag on cash flow, although
the expected $25 million proceeds will only modestly reduce its
debt.

The rating agency also noted that the sale of the wholesale
distribution business increases the uncertainty around RCS' ability
to develop and sustain regular quarterly cash inflows from its
capital markets business.  This business currently generates most
of its income from advisory services provided to nontraded REITs
and similar entities that are also wholesale distribution
customers.   Moody's believes it may prove more difficult for RCS
to attract, maintain and develop effective advisory relationships
with such customers in the absence of its wholesale distribution
activities.

Offsetting this pressure to some degree, over the next year,
Moody's expects improved cash flows in the retail advisory business
arising from an increase in short-term interest rates which should
boost RCS' cash sweep income.  The company also has room to improve
the results of this business through organic revenue growth and
cost cutting as it completes the integration of various 2014 and
2015 acquisitions.

Moody's anticipates that RCS will develop further strategic plans
in the coming months, since it is adding two Apollo executives to
its board, has announced it is searching for a new CEO and CFO, and
plans to form a board committee to explore options to strengthen
the retail advisory business and enhance shareholder value.

What Could Change the Rating - Up

Upward rating pressure is unlikely to develop in the short to
medium term, given the negative outlook on RCS' ratings.  The
outlook could be changed to stable once the board makes more
progress in developing its strategic objectives and with evidence
of improvements in cash flow leverage and significantly improved
results in the retail advisory business.

What Could Change the Rating -- Down

A continuing trend of relatively low earnings, similar to that
reported in the first half of 2015, would heighten the company's
downward rating pressure.  The emergence of regulatory or
compliance matters that could result in significant financial
penalties or loss of business could also lead to a downgrade.

The principal methodology used in these ratings was Global
Securities Industry Methodology published in May 2013.



RCS CAPITAL: S&P Revises Outlook to Negative & Affirms 'B' ICR
--------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its outlook on
RCS Capital Corp. to negative from stable.  At the same time, S&P
affirmed its ratings, including its 'B' issuer credit rating, 'B'
issue rating on the company's first-lien term loan and revolving
credit facility, and 'CCC+' issue rating on the company's
second-lien term loan.

"The outlook revision to negative reflects the significant
deterioration in the company's operating results during the first
half of 2015," said Standard & Poor's credit analyst Olga Roman.
While S&P views RCS Capital's strategic initiatives as supportive
of the company's business profile in the medium to long run, RCS
Capital's earnings decline could indicate some structural
challenges in its retail advice business, in S&P's view.  If the
company's business profile weakens and its financial performance
further deteriorates, the continued decline in earnings could put
the company at risk of breaching loan covenants.

While second-quarter revenues have improved -- as they now include
one quarter of the most recent acquisitions VSR Group and Girard
Securities -- profitability has decreased significantly due to a
combination of one-off expenses, cyclical effects (lower trading
volumes, very low level of interest-rates), and potentially
structural effects.  In addition, synergies related to the previous
acquisitions are taking more time than expected to unfold.
Overall, reported EBITDA on the first half of the year was
substantially lower than what S&P had expected.

The negative outlook reflects the significant deterioration in the
company's financial performance on the first half of the year
versus S&P's expectations.  It also reflects the increased
uncertainty over the company's strategy in the next several
quarters as the company plans to replace the CEO and the CFO and
revamp its board (adding two Apollo executives).  S&P now sees a
one-third probability that it could downgrade the company if its
business position weakens and its financial performance continues
to deteriorate to the extent that it puts the company at risk of
breaching loan covenants.

Additionally, S&P could lower its ratings if RCS Capital were to
experience significant decline in AUA, face operational issues
during the remaining integration of its acquisitions, or face
meaningful litigation costs.  S&P could revise the outlook to
stable if the company manages to reduce costs related to the recent
acquisitions and materially improves its financial performance.
S&P do not expect, however, substantial synergies to materialize
before 2016.



RELATIVITY MEDIA: Has Until Sept. 13 to File Schedules
------------------------------------------------------
Judge Michael E. Wiles of the U.S. Bankruptcy Court for the
Southern District of New York extended the time within which
Relativity Fashion, LLC, et al., must file their schedules of
assets and liabilities and statements of financial affairs through
and including Sept. 13, 2015.

                      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.

Relativity Media LLC and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code on July 30, 2015 (Bankr.
S.D.N.Y., Case No. 15-11989).  The case is assigned to Judge
Michael E. Wiles.

The Debtors are represented by Craig A. Wolfe, Esq., Malani J.
Cademartori, Esq., and Blanka K. Wolfe, Esq., at Sheppard Mullin
Richter & Hampton LLP, in New York; and Richard L. Wynne, Esq.,
Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq., at Jones Day, in
New York.

Brian Kushner of FTI Consulting, Inc., serves as chief
restructuring officer and crisis and turnaround manager.  Luke
Schaeffer of FTI Consulting, Inc., serves as deputy CRO.

Blackstone Advisory Partners L.P. serves as the Debtors' investment
banker.  The team is led by Timothy Coleman, Senior Managing
Director, CJ Brown, Senior Managing Director, Paul Sheaffer, Vice
President, and Joseph Goldschmid, Associate.

The Debtors' noticing and claims agent is Donlin, Recano & Company,
Inc.


RENTECH NITROGEN: S&P Affirms 'B-' CCR & Revises Outlook to Pos.
----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B-' corporate
credit rating and revised its rating outlook on Rentech Nitrogen
Partners L.P. to positive from stable.  At the same time, S&P
affirmed its 'B-' issue-level rating on the company's $320 million
second-lien notes and its '3' recovery rating on the second-lien
notes.  S&P's '3' recovery rating indicates its expectation of
meaningful (upper half of the 50% to 70% range) recovery in the
event of default.

"The rating action reflects our view that the proposed acquisition
by unrated CVR Partners L.P. could improve RNP's business profile,"
said Standard & Poor's credit analyst Sebastian Pinto-Thomaz.  "The
combination would increase the company's scale and reduce asset
concentration," he added.

The positive outlook reflects the possibility that S&P could raise
its ratings on Rentech Nitrogen Partners if it is successfully
acquired by CVR Partners.  S&P anticipates no deterioration in
domestic agricultural end markets over the next 12 months, and that
leverage will be below 5x at the end of 2015.

S&P could revise the outlook to stable if operating performance
does not meet expectations or liquidity weakened so that sources of
funds were below uses of funds.  If the transaction does not go
ahead as planned, S&P will review the situation and could revise
the outlook to stable.  S&P would also revise the outlook to stable
if the company was unable to comply with covenants or had any other
issues that prevented access to its credit facility.

S&P would consider an upgrade if the transaction as proposed
closes.



RREAF O&G: Interim Use of Cash Collateral Allowed Until Sept. 23
----------------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas, Midland Division, issued a second interim order
allowing debtors RREAF O&G Portfolio #2 LLC, et al., to use cash
collateral through Sept. 23, 2015, the date of the final hearing.

Holiday Hospitality Franchising, LLC, Spectrum Origination LLC and
La Quinta Franchising, LLC filed objections to the Debtors' use of
cash collateral.

HHF and La Quinta both objected to the Debtors' motion on a limited
basis, to the extent that any interim or final order does not
permit and require debtor RREAF O&G Portfolio #2 LLC to pay all
post-petition franchise fees due under their respective License
Agreements in the ordinary course of business.  On the other hand,
Spectrum objects to the use of its cash collateral on the terms set
forth in the Debtors' Motion for these reasons:

     (a) The Debtors have failed to provide a budget from which one
could determine whether the Motion seeks to use cash collateral for
the payment of expenses other than those that are necessary to fund
the Chapter 11 cases and are otherwise permitted by the Bankruptcy
Code;

     (2) The Debtors have not filed a proposed order setting forth
the scope of their use of the cash collateral; and

     (3) The Debtors have failed to demonstrate that the proposed
adequate protection is sufficient to protect Spectrum's interest in
its collateral.

The hearing on the Debtors' Motion will continue on Sept. 23, 2015
at 9:30 a.m.

The Debtors are represented by:

          Robert W. Jones, Esq.
          Brent R. McIlwain, Esq.
          Brian Smith, Esq.
          HOLLAND & KNIGHT LLP
          200 Crescent Court, Suite 1600
          Dallas, TX 75201
          Telephone: (214)964-9500
          Facsimile: (214)964-9501
          E-mail: Robert.Jones@HKlaw.com
                  Brent.Mcilwain@HKlaw.com
                  Brian.Smith@HKlaw.com

Holiday Hospitality Franchising is represented by:

          David A. Wender, Esq.
          ALSTON & BIRD LLP
          One Atlantic Center
          1201 West Peachtree Street
          Atlanta, GA 30309-3424
          Telephone: (404)881-7000
          Facsimile: (404)881-7777
          E-mail: david.wender@alston.com

                   - and -

          Leib M. Lerner
          ALSTON & BIRD LLP
          333 South Hope Street, 16th Floor
          Los Angeles, CA 90071-3004    
          Telephone: (213)576-1000
          Facsimile: (213)576-1100
          E-mail: leib.lerner@alston.com

Spectrum Origination is represented by:

          Sarah R. Borders, Esq.
          Jeffrey R. Dutson, Esq.
          KING & SPALDING LLP
          1180 Peachtree Street NE
          Atlanta, GA 30309
          Telephone: (404)572-3596
          Facsimile: (404)572-5131
          E-mail: sborders@kslaw.com
                  jdutson@kslaw.com

                   - and -

          Edward Ripley, Esq.
          KING & SPALDING LLP
          1100 Louisiana Street, Suite 4000
          Houston, TX 77002
          Telephone: (713)276-7351
          Facsimile: (713)751-3290
          E-mail: eripley@kslaw.com

La Quinta Franchising, LLC is represented by:

          Gregory G. Hesse, Esq.
          Laura McKenery, Esq.
          HUNTON & WILLIAMS LLP
          1445 Ross Avenue, Suite 3200
          Dallas, TX 75202-2711
          Telephone: (214)979-3000
          Facsimile: (214)880-0011
          E-mail: ghesse@hunton.com
                  lmckenery@hunton.com

                         About RREAF O&G

RREAF O&G Portfolio #2 LLC, RREAF O&G Portfolio Manager #2 LLC,
RREAF O&G Portfolio #3 LLC, and RREAF O&G Portfolio #3 Manager LLC,
collectively, own eight hotel properties in Texas.

RREAF O&G Portfolio #2, et al., sought Chapter 11 bankruptcy
protection (Bankr. W.D. Tex. Lead Case No. 15-70094), in Midland,
Texas, on July 8, 2015.  Webb M. ("Kip") Sowden, III, the CEO,
signed the Chapter 11 petitions.

The cases are assigned to Chief Bankruptcy Judge Ronald B. King.

The Debtors tapped Holland & Knight LLP as counsel.

Portfolio #2 estimated $50 million to $100 million in assets and
less than $50 million in debt.



SANTA CRUZ BERRY: Sept. 21 Hearing on Stay Motion Approved
----------------------------------------------------------
Judge M. Elaine Hammond of the U.S. Bankruptcy Court for the
Northern District of California approved Stipulation No. 5, entered
into between Santa Cruz Berry Farming Company, LLC, and Tom Lange
Company, Inc. and Tom Lange Company International, Inc.

Santa Cruz Berry and TLC had previously stipulated to a hearing on
June 5, 2015 to address TLC's alleged violation of the automatic
stay and turnover of certain pre-petition sales.

In order to provide the Parties with additional time to analyze and
hopefully resolve the Stay Motion, Santa Cruz Berry and TLC agreed
to continue the Stay Motion to September 21, 2015 at 10:30 a.m., or
such other date and time convenient with the Court.  
Tom Lange is represented by:

          William S. Brody, Esq.
          Joseph M. Welch, Esq.
          BUCHALTER NEMER, APC
          1000 Wilshire Boulevard, Suite 1500
          Los Angeles, CA 90017
          Telephone: (213)891-0700
          Facsimile: (213)896-0400
          E-mail: wbrody@buchalter.com
                  jwelch@buchalter.com

Santa Cruz Berry Farming is represented by:

          Thomas A. Vogele, Esq.
          THOMAS VOGELE & ASSOCIATES, APC
          3199 Airport Loop Road, Suite A-3
          Costa Mesa, California 92626
          Tel.: 714 641-1232
          Fax: 888 391-4105
          E-mail: tvogele@tvalaw.com

                  About Santa Cruz Berry Farming

Watsonville, California-based Santa Cruz Berry Farming grows
conventional and organic strawberries.  The privately owned company
was founded by and is currently managed by Fritz Koontz.  Seven
Seas Berry Sales, a division of the Tom Lange Co., is the sales
agent for the Company.

Santa Cruz Berry Farming Company, LLC, and Corralitos Farms, LLC,
commenced Chapter 11 bankruptcy cases (Bankr. N.D. Cal. Case Nos.
15-51771 and 15-51772) in San Jose, California, on May 25, 2015.

The Debtors tapped Thomas A. Vogele, Esq., at Thomas Vogele and
Associates, APC, in Costa Mesa, California, as counsel.



SANUWAVE HEALTH: Incurs $1.5 Million Net Loss in Second Quarter
---------------------------------------------------------------
SANUWAVE Health, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.5 million on $239,983 of revenues for the three months ended
June 30, 2015, compared to a net loss of $1.7 million on $238,115
of revenues for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $2.6 million on $450,435 of revenues compared to a net loss
of $4.2 million on $383,213 of revenues for the same period during
the prior year.

As of June 30, 2015, the Company had $2.5 million in total assets,
$6.7 million in total liabilities and a $4.1 million total
stockholders' deficit.

                       Bankruptcy Warning

"The continuation of the Company's business is dependent upon
raising additional capital during the third or early fourth quarter
of 2015 to fund operations.  Management's plans are to obtain
additional capital through investments by strategic partners for
market opportunities, which may include strategic partnerships or
licensing arrangements, or raise capital through the issuance of
common or preferred stock, securities convertible into common
stock, or secured or unsecured debt.  These possibilities, to the
extent available, may be on terms that result in significant
dilution to the Company's existing shareholders.  Although no
assurances can be given, management of the Company believes that
potential additional issuances of equity or other potential
financing transactions as discussed above should provide the
necessary funding for the Company to continue as a going concern.
If these efforts are unsuccessful, the Company may be forced to
seek relief through a filing under the U.S. Bankruptcy Code," the
Company said in the filing

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

                        http://is.gd/jUL4Jd

                       About SANUWAVE Health

Alpharetta, Ga.-based SANUWAVE Health, Inc., is an emerging global
regenerative medicine company focused on the development and
commercialization of noninvasive, biological response activating
devices for the repair and regeneration of tissue, musculoskeletal
and vascular structures.

SANUWAVE Health reported a net loss of $5.97 million on $847,000 of
revenues for the year ended Dec. 31, 2014, compared with a net loss
of $11.3 million on $800,000 of revenues in 2013.


SEARS HOLDINGS: SVP and President Home Appliances Services Quits
----------------------------------------------------------------
Arun D. Arora, senior vice president and president, Home Appliances
and Home Services of Sears Holdings Corporation, departed from his
position with the Company to pursue other opportunities, effective
also as of July 21, 2015.

                            About Sears

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

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

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

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

For the year ended Jan. 31, 2015, the Company reported a net loss
attributable to Holdings' shareholders of $1.68 billion compared
to a net loss attributable to Holdings' shareholders of $1.36
billion for the year ended Feb. 1, 2014.  As of May 2, 2015, Sears
Holdings had $13.3 billion in total assets, $14.5 billion in total
liabilities, and a $1.20 billion total deficit.

                            *     *     *

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

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

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

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


SOLAR POWER: Files Financial Statements of Solar Juice
------------------------------------------------------
Solar Power, Inc., filed an amended current report with the
Securities and Exchange Commission to include the historical
financial information of Solar Juice and the pro forma financial
information.  The Company previously disclosed, among other things,
its acquisition of 80% of the equity interest in Solar Juice Pty
Ltd on May 28, 2015.  A copy of Solar Juice PTY Limited's Unaudited
Interim Condensed Financial Statements is available at
http://is.gd/onY9Up

                        About Solar Power

Roseville, Cal.-based Solar Power, Inc., is a global solar
energy facility developer offering its own brand of high-
quality, low-cost distributed generation and utility-scale SEF
development services.  Primarily, the Company works directly with
and for developers around the world who hold large portfolios of
SEF projects for whom it serves as an engineering, procurement and
construction contractor.  The Company also performs as an
independent, turnkey SEF developer for one-off distributed
generation and utility-scale SEFs.

Solar Power reported a net loss of $5.19 million in 2014, a net
loss of $32.2 million in 2013 and a net loss of $25.4 million in
2012.

As of March 31, 2015, the Company had $649 million in total assets,
$379 million in total liabilities and $270 million in total equity.


SOUTHERN REGIONAL: Gemino Seeks Adequate Protection
---------------------------------------------------
Gemino Healthcare Finance, LLC, asks the U.S. Bankruptcy Court for
the Northern District of Georgia, Atlanta Division, to order debtor
Southern Regional Health System, Inc., to grant adequate protection
in connection with its use, collection or disposition of the
prepetition collateral which secures its debt.

The prepetition collateral consists of security interests in and
liens upon all of the Debtor's: (a) accounts, payment intangibles,
instruments and other rights to receive payments; (b)related
general intangibles, including contract rights and intellectual
property, chattel paper, documents, supporting obligations,
letter-of-credit rights, commercial tort claims, remedies,
guarantees and collateral evidencing, securing or otherwise related
to or associated with the property in (a), all rights of
enforcement and collection; (c) commercial lockboxes, government
lockboxes and collection accounts; (d) funds received thereby or
deposited therein, and any checks or instruments from time to time
representing or evidencing the same; (e) the Debtors books and
records, evidencing or relating to or associated with any of the
foregoing; (f) information and data compiled or derived by the
Debtor with respect to any of the foregoing; and (g) collections,
accessions, receipts and all proceeds of any and all of the
foregoing.

The Debtor was indebted to Gemino for revolving credit loans with a
principal amount of $8,855,819, plus interest, fees, expenses,
legal fees, charges, reimbursements and indemnities, and all other
obligations accruing at a later time or at any time chargeable to
the Debtor in connection therewith.

James S. Rankin, Jr., at Parker, Hudson, Rainer & Dobbs, LLP, at
Atlanta, Georgia, tells the Court that the Debtor is generating
more receivables that will not be paid, or will be paid at only a
fraction of face value, and the proportion of the Debtor's overall
pool of receivables that is attributable to uncompensated care
provided to uninsured patients is increasing.  Mr. Rankin adds that
this dynamic results in a decline in the net realizable value of
the Debtor's accounts receivable over time.  He further tells the
Court that Gemino is asking the Court to grant to it adequate
protection, in addition to replacement liens on all of the Debtor's
assets, sufficient to provide Lender with the "indubitable
equivalent of Gemino's interest in the pre-petition collateral."

Gemino Healthcare is represented by:

          C. Edward Dobbs, Esq.
          James S. Rankin, Jr., Esq.
          PARKER, HUDSON, RAINER & DOBBS, LLP
          1500 Marquis Two Tower
          285 Peachtree Center Avenue, NE
          Atlanta, GA 30303
          Telephone: (404)523-5300
          E-mail: edobbs@phrd.com
                 jranking@phrd.com

              About Southern Regional Health System

Southern Regional Health System, Inc., owns the Southern Regional
Medical Center, a 331-licensed bed full-service hospital located in
Riverdale, Georgia.  Managed by Emory Healthcare, Inc., the
hospital serves residents throughout the region south of Atlanta.
As a leader in neurologic, heart & vascular, bariatric, and women's
healthcare services, Southern Regional's medical staff is comprise
of more than 480 physicians that blend their passion for healing
with advanced technology to offer the latest procedures and
treatments.

Southern Regional and its subsidiaries sought Chapter 11 protection
(Bankr. N.D. Ga. Case No. 15-64266) on July 30, 2015, in Atlanta,
Georgia.  The cases are assigned to Judge Wendy L. Hagenau.

Southern Regional estimated $50 million to $100 million in assets
and $100 million to $500 million in debt.  The Debtors' secured
creditors are Gemino Healthcare Finance, LLC, and U.S. Foods, Inc.

Gemino claims to be owed in excess of $10 million, while U.S. Foods
has a $60,000 claim.

The Debtors tapped Scroggins & Williamson, P.C., as bankruptcy
attorneys, Nelson Mulins Riley & Scarborough LLP, as outside
general counsel, and Kurtzman Carson Consultants LLC as claims
and balloting agent.

The Chapter 11 plan and disclosure statement are due Nov. 27,
2015.



SUNGARD DATA: Moody's Puts B2 CFR on Review for Upgrade
-------------------------------------------------------
Moody's Investors Service affirmed Fidelity National Information
Services, Inc.'s ("FIS") senior unsecured notes rating at Baa3. The
rating outlook remains stable. Moody's also placed the ratings of
SunGard Data Systems Inc. ("SunGard") on review for upgrade. These
actions follow the announcement that FIS has signed a definitive
agreement to acquire SunGard for $9.1 billion in enterprise value
(including about $4 billion of net debt). FIS expects the
acquisition to close by the end of 2015.

FIS plans to fund the purchase of $5.1 billion of SunGard equity
using about $2.8 billion worth of FIS shares and $2.3 billion of
cash. FIS also intends to refinance all of SunGard's debt.

RATINGS RATIONALE

While adjusted debt to EBITDA will initially be high for the Baa3
rating category at over 4 times without reflecting any synergies
upon acquisition close, Moody's expects leverage to improve to
about 3 times by the end of 2017. The de-leveraging will be
supported by the sizable and consistent free cash flow ("FCF") of
the combined FIS and SunGard company, which will be used to
steadily reduce debt over time. In addition, Moody's anticipates
that FIS will generate mid-single digit annual profit growth and at
least $200 million of cost synergies from the acquisition, which
should be attainable given FIS' track record of past integrations.

The rating also incorporates Moody's view that FIS will remain
committed to its long term debt to EBITDA target of 2.5x (reported
basis) and will suspend share repurchase and M&A activity until the
target leverage is achieved.

The prospects for continuing high levels of FCF comes from FIS' and
SunGard's market position as leading providers of financial
institution software and processing services and their strong
business profiles, as represented by large size and scale, a highly
diversified financial services customer base, broad product and
service line offerings, and good geographic reach (with about a
quarter of combined revenues derived outside of the Americas).
SunGard will provide an adjacent product offering focused on
capital markets and wealth, which should complement FIS core
commercial banking and online payment services.

The outcome of the review of SunGard's ratings will depend on the
timing of FIS' refinancing of SunGard debt and the nature of the
support provided by FIS. Upon transaction close, SunGard's
corporate family rating ("CFR"), probability of default rating
("PDR"), and speculative grade liquidity ("SGL") rating will be
withdrawn. If SunGard's debt is repaid or refinanced in connection
with the closing, the instrument ratings will also be withdrawn.

The stable outlook reflects Moody's expectation that FIS will
generate mid-single digit revenue and EBITDA growth and consistent
annual free cash flow of over $1 billion (after dividends)
beginning in 2016.

Moody's could upgrade FIS' ratings if the company demonstrates
consistent organic revenue and profitability growth (in the mid to
high single digits), maintains adjusted debt to EBITDA near 2
times, and generates free cash flow to debt in the 20% range on a
sustained basis. The ratings could be lowered if revenue and
profitability decline or adjusted debt to EBITDA does not appear
likely to improve to below 3.5 times by the end of 2017.

Issuer: Fidelity National Information Services, Inc.

Affirmations:

Senior Unsecured Regular Bond/Debenture, Affirmed Baa3

Senior Unsecured Bank Credit Facility, Affirmed Baa3

Senior Unsecured Shelf Rating, Affirmed (P)Baa3

Outlook Actions:

Outlook, Stable

On Review for Upgrade:

Issuer: SunGard Data Systems Inc.

Probability of Default Rating, Placed on Review for Upgrade,
currently B2-PD

Corporate Family Rating, Placed on Review for Upgrade, currently
B2

Senior Secured Bank Credit Facility, Placed on Review for Upgrade,
currently Ba3 (LGD2)

Senior Unsecured Regular Bond/Debenture, Placed on Review for
Upgrade, currently B3 (LGD5)

Senior Subordinated Bond/Debenture, Placed on Review for Upgrade,
currently Caa1 (LGD6)

Unchanged:

Speculative Grade Liquidity Rating, unchanged SGL-1

Outlook Actions:

Issuer: SunGard Data Systems Inc.

Outlook, Changed To Rating Under Review from Stable

FIS provides card issuing, core bank processing, and online payment
services to financial institutions.

SunGard Data Systems Inc. is a provider of financial services
systems and public sector software and IT services, and is owned by
a consortium of private equity investors (including Bain,
Blackstone, KKR, Silver Lake, Texas Pacific Group, GS Partners, and
Providence Equity).



SUNGARD DATA: S&P Puts 'B+' CCR on CreditWatch Positive
-------------------------------------------------------
Standard & Poor's Ratings Services said it placed all of its
ratings, including its 'B+' corporate credit rating, on Wayne,
Pa.-based SunGard Data Systems Inc. on CreditWatch with positive
implications.

"The CreditWatch placement follows SunGard's announcement that FIS
will acquire the company," said Standard & Poor's credit analyst
James Thomas.

"FIS's greater scale, leading market position, and better financial
risk profile will provide greater creditworthiness to the combined
entity than SunGard had as a stand-alone firm," he added.

S&P will monitor developments related to the proposed transaction,
including the combined entity's ultimate capital structure.  As a
result, S&P expects to withdraw the corporate credit rating and
issue-level ratings on SunGard after the acquisition closes.



THERAKOS INC: Moody's Puts 'B3' CFR Under Review for Upgrade
------------------------------------------------------------
Moody's Investors Services placed the ratings of Therakos, Inc.
under review for upgrade, including the company's B3 Corporate
Family Rating ("CFR") and B3-PD Probability of Default Rating.
This action follows the announcement that Therakos has entered into
a definitive agreement to be acquired by a subsidiary of
Mallinckrodt plc (Mallinckrodt; subsidiary Mallinckrodt
International Finance SA is rated Ba3 Stable) in a transaction
valued at $1.325 billion.

The proposed acquisition is expected to be funded through the
issuance of new debt and cash.  The transaction is expected to
close in late 2015.  Moody's expects that at closing, all of
Therakos' outstanding debt will be retired and that all of
Therakos' ratings will be withdrawn.

Moody's placed these of Therakos, Inc. on review for upgrade:

  Corporate Family Rating, currently at B3

  Probability of Default Rating, currently at B3-PD

  $35 million senior secured first lien revolving credit facility
   due 2017, currently at B2 (LGD 3)

  $266 million senior secured first lien term loan due 2017,
   currently at B2 (LGD 3)

  $100 million senior secured second lien term loan due 2018,
   currently at Caa2 (LGD 5)

In the event the debt remains outstanding, Moody's rating review of
Therakos will consider: (1) the benefits of being part of a larger
and more diversified entity; (2) where Therakos' debt is ultimately
held within Mallinckrodt's capital structure; and (3) what, if any,
support mechanisms, including guarantees, are provided to Therakos'
debt.

RATING RATIONALE

The review for upgrade is based upon Moody's view, that Therakos
will become part of an enterprise with a stronger overall credit
profile if the acquisition is completed than if Therakos remains a
standalone company.

Excluding the possible acquisition by Mallinckrodt, Therakos' B3
CFR reflects the company's small size and singular focus on a niche
medical therapy.  The ratings also reflect the company's high
financial leverage.  Although the company has the ability to reduce
its leverage over time, material deleveraging with debt/EBITDA well
below five times is unlikely due to the company's relatively
aggressive financial policy.  The rating is also constrained by the
fact that the company generates revenues from the sale of products
that are not approved by the FDA.  There is also the potential for
medium and long term competitive threats from new drug or cell
therapies, or changes in clinical protocols. The ratings are
supported by Therakos' leadership in the niche extracorporeal
photopheresis (ECP) market, its good diversity by customer and
geography and high regulatory hurdles for new competing products.
The ratings also consider the recurring revenue stream from the
sale of consumable products and strong profit margins.
The principal methodology used in these ratings was Global Medical
Product and Device Industry published in October 2012.  Other
methodologies used include Loss Given Default for Speculative-Grade
Non-Financial Companies in the U.S., Canada and EMEA published in
June 2009.

Privately-held Therakos, headquartered in West Chester, PA,
develops, markets and sells an integrated drug and device system
for ECP, a therapy used to treat orphan disease states arising from
immune system imbalances.  The company is owned by financial
sponsor- The Gores Group.  For the year ended Dec. 31, 2014,
Therakos generated revenues of approximately $174 million.



TITAN INT'L: S&P Lowers Corp. Credit Rating to 'B-', Outlook Stable
-------------------------------------------------------------------
Standard & Poor's Ratings Services said that it has lowered its
corporate credit rating on Quincy, Ill.-based Titan International
Inc. to 'B-' from 'B'.  The outlook is stable.

At the same time, S&P lowered its issue-level rating on the
company's $400 million secured notes due 2020 to 'B' from 'B+'. The
'2' recovery rating on the debt is unchanged, indicating S&P's
expectation for substantial (70%-90%; lower half of the range)
recovery in the event of a payment default.

"The downgrade reflects Titan's weak credit measures, which have
been affected by the depressed conditions in the company's
agricultural and mining end markets as well as the lack of
visibility on when these end markets will recover," said Standard &
Poor's credit analyst Sarah Wyeth.  While S&P expects that the
company's cost-cutting efforts will help it gradually deleverage,
it believes that Titan's debt-to-EBITDA metric will remain above
6.5x through 2016.  S&P also expects that the company's liquidity
will remain adequate, given its excess cash cushion, manageable
maturities, and covenant-lite capital structure.

The stable outlook reflects S&P's view that the company will
restore its credit metrics to sustainable levels within 12 months
and maintain adequate liquidity.  The company benefits from its
limited amount of near-term debt maturities, its sizable cash
cushion, and its covenant-lite capital structure.

S&P could lower its rating on Titan if a sustained downturn in the
company's end markets further erodes its operating performance
while its weak cash flow generation raises liquidity concerns.

S&P could raise the rating if the company reverses its negative
operating trends, improving its debt-to-EBITDA metric to 6x while
generating moderately positive free operating cash flow and
preserving adequate levels of liquidity.



UNION DENTAL: Files Assignment of Assets for Benefit of Creditors
-----------------------------------------------------------------
George D. Green DDS PA which is managed by Union Dental Corp. (UDC)
and UDC is a wholly owned subsidiary of Union Dental Holdings, Inc.
has filed "An Assignment of Assets for the Benefit of Creditors
under Florid Statute 727."  This will enable to Company to attempt
to restructure itself under Florida Law.

Although similar to a bankruptcy it allows the debtor more
opportunity to restructure itself under the Florida Law.

                About Union Dental Holdings, Inc.

Union Dental Corp. -- http://www.uniondentalcorp.com-- manages a
22 operatory full service dental practice in Coral Springs,
Florida.  The Company operates under the name George D, Green DDS
PA and is the exclusive supplier of Drinkable Air's patented ozone
atmospheric water generators for the US dental industry and is a
leading innovator for bringing bacteria free water into the dental
operatory settings.  Union Dental Holdings, Inc. operates two
wholly owned subsidiaries, Direct Dental Services and Union Dental
Corp.  Direct Dental Services provides dentists with "areas of
exclusivity" to participate with various unions including the
Communications Workers of America (CWA) and the International
Brotherhood of Electrical Workers (IBEW), United Association of
Plumbers and Pipe Fitters (UA) and The Association of Flight
Attendants -- Communications Workers of America (AFA-CWA).  Direct
Dental Services receives annual management fees from the dentists
in exchange for practicing in these "areas of exclusivity" where
CWA and IBEW members use the dentists' services.



UNIVERSAL ACADEMY: S&P Lowers Rating on 2013 Rev. Bonds to 'BB+'
----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term rating to
'BB+' from 'BBB-' on Universal Academy (UA), Mich.'s series 2013
public school academy revenue bonds.  The outlook is negative.

"The rating action reflects our view of the school's strained
financial position resulting from its building expansion, along
with anticipated deficits in fiscal years 2015 and 2016," said
Standard & Poor's credit analyst Avani Parikh.

The negative outlook reflects S&P's view that the school will
continue to have negative operating margins until at least fiscal
2016.



VARIANT HOLDING: Has Until Dec. 23 to File Plan
-----------------------------------------------
Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware issued an order holding that no party, other
than Variant Holding Company, LLC, may file any plan of
reorganization during the period from August 11, 2015, through and
including December 23, 2015.

Judge Shannon also ruled that no party, other than the Debtor, may
solicit votes to accept a proposed plan of reorganization from
August 11, 2015, through and including February 23, 2016.

In support of its extension request, the Debtor told the Court that
it merely requires additional time to maximize the value of its
estate, consistent with the timetable and protocols incorporated
into the settlement with the Beach Point Funds.

                       About Variant Holding

Variant Holding Company, LLC, commenced bankruptcy proceedings
under Chapter 11 of the U.S. Bankruptcy Code in Delaware (Case No.
14-12021) on Aug. 28, 2014, without stating a reason.

Tucson, Arizona-based Variant Holding estimated $100 million to
$500 million in assets and less than $100 million in debt.

The Debtor has tapped Peter J. Keane, Esq., at Pachulski Stang
Ziehl & Jones LLP, as counsel.

Members holding the majority of the interests in the company,
namely Conix WH Holdings, LLC, Conix Inc., Numeric Holding
Company, LLC, Walkers Dream Trust, and Variant Royalty Group, LP,
signed the resolution authorizing the bankruptcy filing.


VERITEQ CORP: Ned Siegel Reports 9.6% Stake as of August 10
-----------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Ned L. Siegel disclosed that as of Aug. 10, 2015, he
beneficially owned 61,366 shares of common stock of Veriteq Corp,
which represents 9.6% (based on 636,473 shares of common stock
outstanding as of Aug. 10, 2015).  A copy of the regulatory filing
is available at http://is.gd/3IkuKQ

                           About VeriTeQ

VeriTeQ (formerly known as Digital Angel Corporation) develops
innovative, proprietary RFID technologies for implantable medical
device identification, and dosimeter technologies for use in
radiation therapy treatment.  VeriTeQ --
http://www.veriteqcorp.com/-- offers the world's first FDA
cleared RFID microchip technology that can be used to identify
implantable medical devices, in vivo, on demand, at the point of
care.  VeriTeQ's dosimeters provide patient safety mechanisms
while measuring and recording the dose of radiation delivered to a
patient in real time.

Veriteq reported a net loss of $3.91 million on $151,000 of sales
for the year ended Dec. 31, 2014, compared to a net loss of $18.2
million on $18,000 of sales for the year ended Dec. 31, 2013.

As of March 31, 2015, the Company had $1.66 million in total
assets, $9 million in total liabilties, $1.84 million in series D
preferred stock, and a $9.18 million total stockholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2014, citing that the Company has incurred
recurring net losses, and at Dec. 31, 2014, had negative working
capital and a stockholders' deficit.  These events and conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


VERTICAL COMPUTER: Amends Loan Agreement with Lakeshore
-------------------------------------------------------
Vertical Computer Systems, Inc., and its subsidiaries agreed with
Lakeshore Investment, LLC to amend the terms of a loan agreement
and the $1,759,150 promissory note issued by the Company's
subsidiary, Now Solutions, Inc., to Lakeshore.

Under the terms of the amendment, the Company agreed to issue
7,000,000 shares of the Company's common stock and 2,000,000 common
shares of Ploinks, Inc. stock in consideration of Lakeshore's
forbearance from taking any action concerning the existing defaults
under the Note and Loan Agreement.

The Company also agreed to make a $500,000 payment for amounts due
to Lakeshore under the Note and Loan Agreement by Aug. 21, 2015.
Upon receipt of payment all defaults under the Loan Agreement and
the Note will be cured.

In the event that the Company fails to pay Lakeshore $500,000 on or
before Aug. 21, 2015, then Lakeshore will have a purchase option to
purchase an additional 250 shares of NOW Solutions common stock
until Dec. 31, 2015, as follows: (a) 84 shares of NOW Solutions
common stock currently owned by VCSY for a purchase price of
$450,000 and (b) 166 shares of NOW Solutions common stock for a
purchase price of $500,000 payable to NOW Solutions.

Furthermore, in the event that the Company fails to pay Lakeshore
$500,000 on or before Aug. 21, 2015, no further payment on the Note
will be due until Jan. 1, 2016, at which time the Note plus all
accrued interest will be recalculated and the Note will be
re-amortized under the same interest rate and terms as the Note and
the maturity date of the Note will be extended 10 years from
Jan. 1, 2016.  Notwithstanding the foregoing, if Lakeshore does not
provide notice to the Company by Dec. 15, 2015, of its intent to
exercise the 2015 Purchase Option concerning the purchase of
additional common shares of NOW Solutions, then Lakeshore's option
will be cancelled and the Company will make a principal reduction
payment in the amount of $250,000 on or before Dec. 31, 2015.

NOW Solutions will continue to make the $2,500 weekly payment which
will be applied toward Lakeshore's share of dividends until at
least Jan. 8, 2016.  Any reconciliation payments due to Lakeshore
will be deferred until Jan. 15, 2016, at which time all
reconciliation payments due through Sept. 30, 2015, will be paid to
Lakeshore.

                      About Vertical Computer

Richardson, Tex.-based Vertical Computer Systems, Inc., is a
multinational provider of Internet core technologies, application
software, and software services through its distribution network
with operations or sales in the United States, Canada and Brazil.

Vertical Computer reported a net loss applicable to common
stockholders of $2.07 million on $7.43 million of total revenues
for the year ended Dec. 31, 2014, compared to a net loss applicable
to common stockholders of $3.08 million on $6.05 million of total
revenues for the year ended Dec. 31, 2013.

As of March 31, 2015, the Company had $1.1 million in total
assets, $18 million in total liabilities, $9.90 million in total
convertible cumulative preferred stock, and a $26.8 million total
stockholders' deficit.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company suffered net losses
and has a working capital deficiency, which raises substantial
doubt about its ability to continue as a going concern.


VULCAN MATERIALS: Moody's Hikes Corporate Family Rating to Ba2
--------------------------------------------------------------
Moody's Investors Service upgraded the Corporate Family Rating
("CFR") of Vulcan Materials Company ("Vulcan") to Ba2 from Ba3, the
Probability of Default Rating to Ba2-PD from Ba3-PD and senior
unsecured notes to Ba2 from Ba3. At the same time, Moody's assigned
a Ba2 rating to the company's new $750 million unsecured revolving
credit facility due 2020. These rating actions conclude the review
for upgrade initiated on June 16, 2015. The rating outlook is
positive.

The upgrade reflects the reduction in adjusted debt due to changes
in Moody's approach for capitalizing operating leases. The updated
approach for standard adjustments for operating leases is explained
in the cross-sector rating methodology Financial Statement
Adjustments in the Analysis of Non-Financial Corporations,
published on June 15, 2015. As a result of this change, Vulcan's
FYE2014 adjusted leverage improved to 3.8x from 4.3x under the
prior methodology.

The upgrade also reflects further improvement in Vulcan's financial
ratios resulting from debt reduction and improved operating
performance. The company's adjusted debt-to-EBITDA declined to 3.4x
for the trailing-twelve months ending June 30, 2015 from 3.8x at
year-end 2014 and 5.2x at year-end 2013. Operating margins have
also improved over the same periods, increasing to 13.7% from 10.7%
and 6.7%, respectively. The positive outlook reflects our
expectations that the construction end markets Vulcan serves will
continue to improve through 2016 leading to further improvement in
key credit metrics.

The following ratings were assigned:

Vulcan Materials Company

$750 unsecured revolving credit facility, assigned at Ba2 (LGD4)

The following ratings were upgraded:

Vulcan Materials Company

Corporate Family Rating, upgraded to Ba2 from Ba3

Probability of Default Rating, upgraded to Ba2-PD from Ba3-PD

Senior unsecured notes rating, upgraded to Ba2 (LGD4) from Ba3
(LGD4)

Senior unsecured shelf, upgraded to (P)Ba2 from (P)Ba3

Speculative Grade Liquidity Assessment affirmed SGL-2

The rating outlook is positive.

Legacy Vulcan Corp.

Senior unsecured notes rating, upgraded to Ba2 (LGD4) from Ba3
(LGD4)

Senior unsecured MTN program, upgraded to (P)Ba2 from (P)Ba3

The rating outlook is positive.

RATINGS RATIONALE

The Ba2 corporate family rating is supported by the company's
leading position in the North American aggregates industry, its
regional geographic and end market diversity and large proven
reserves. Longer term, the business benefits from high barriers to
entry, a stable competitive landscape, and diverse end use markets.
Vulcan's focus on operational efficiencies and debt reduction in
2014 have led to improved credit metrics. As of the trailing-twelve
months ending June 30, 2015, adjusted debt-to-EBITDA declined to
3.4x from 3.8x at year-end 2014 and 5.2x at year-end 2013.
Operating margin improved to 13.7% as of the trailing-twelve months
ending June 30, 2015 from 10.7% at year-end 2014 and 6.7% at
year-end 2013. The rating also reflects margin and cash flow
volatility expected through economic cycles as well as expected
fluctuation in leverage. We expect further improvements in
operating margins and interest coverage as construction activity
and operating performance improve over the intermediate-term.

The SGL-2 speculative grade liquidity assessment reflects Vulcan's
good liquidity profile, supported by its $750 million senior
unsecured credit facility due 2020, $75 million cash balance at
June 30, 2015 and manageable near-term debt maturities. As of June
30, 2015, Vulcan's available borrowing capacity was $558 million
net of $138.5 million in borrowings and $53 million used to support
standby letters of credit. Financial covenants include: (1) a
maximum ratio of debt-to-EBITDA of 3.5x through September 2016 and
3.25x thereafter; and (2) a minimum ratio of EBITDA to net cash
interest expense of 3.0x. As of June 30, 2015, Vulcan was in
compliance with these covenants with adequate cushion. We believe
Vulcan will maintain adequate cushion over the next 12-18 months.
The company's free cash flow generation is expected to strengthen
over the intermediate-term. We expect the company to use cash to
invest in bolt-on acquisitions, pay dividends, and/or repurchase
shares.

Vulcan's ratings could be upgraded should the company's adjusted
debt-to-EBITDA decline below 3.0x, EBIT-to-interest expense
approach 4.0x, and retained cash flow as a percentage of net debt
exceed 20%, with the expectation that all metrics are sustainable.
Continued improvement in operating performance and expanded margins
would also support a ratings upgrade.

The rating outlook could return to stable should construction end
markets weaken, resulting in flat to negative growth in shipment
volumes. The ratings would likely be downgraded in the event that
Vulcan's adjusted operating margins deteriorate below 10%, adjusted
debt leverage increases above 4.0x and adjusted EBIT-to-interest
expense coverage fall below 2.0x over the intermediate-term.
Additional rating pressures could emerge if construction
fundamentals were to deteriorate materially.

Vulcan Materials Company [NYSE: VMC] is one of the largest
producers of construction aggregates in the US$, and is also a
major producer of asphalt mix and ready-mixed concrete. Its primary
end markets include public construction, infrastructure, private
non-residential, and private residential construction. Its
aggregates reserves stand at about 15.8 billion tons. In the
trailing-twelve months ending June 30, 2015, Vulcan generated
approximately $3.2 billion in revenues.



WALTER ENERGY: Meeting of Creditors Set for Aug. 20
---------------------------------------------------
The meeting of creditors of Walter Energy Inc. and its affiliated
debtors is set to be held on August 20, 2015, at 1:00 p.m.,
according to a filing with the U.S. Bankruptcy Court for the
Northern District of Alabama.

The meeting will be held at the U.S. Bankruptcy Court, Robert
S. Vance Federal Building, 1800 Fifth Avenue North, in Birmingham,
Alabama.

The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.

                       About Walter Energy

Walter Energy -- http://www.walterenergy.com/-- is a publicly    
traded "pure-play" metallurgical coal producer for the global steel
industry with strategic access to steel producers in Europe, Asia
and South America.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,700 employees, with operations in
the United States, Canada and the United Kingdom.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $471 million following a net loss of $359 million in 2013.  

Walter Energy, Inc., and its affiliates sought Chapter 11
protection (Bankr. N.D. Ala. Lead Case No. 15-02741) in Birmingham,
Alabama on July 15, 2015.  The Debtors tapped Paul, Weiss, Rifkind,
Wharton & Garrison as counsel; Bradley Arant Boult Cummings LLP, as
co-counsel; Ogletree Deakins LLP, as labor and employment counsel;
Maynard, Cooper & Gale, P.C., as special counsel; Blackstone
Advisory Services, L.P., as investment banker; AlixPartners, LLP,
as financial advisor, and Kurtzman Carson Consultants LLC, as
claims and noticing agent.

Walter Energy disclosed total assets of $5.2 billion and total debt
of $5 billion as of March 31, 2015.


WALTER ENERGY: PBGC, Nelson Bros. Appointed to Creditors Committee
------------------------------------------------------------------
J. Thomas Corbett, the bankruptcy administrator for the Northern
District of Alabama, appointed Pension Benefit Guaranty Corp. and
Nelson Brothers, LLC to Walter Energy Inc.'s official committee of
unsecured creditors.

Mr. Corbett appointed PBGC following Judge Tamara Mitchell's August
4 ruling granting the agency's request to be appointed to serve on
the committee.

In its motion, PBGC argued that it holds $105 million in claims,
making it one of the largest unsecured creditors of Walter Energy.

The agency also argued that no other creditor can "adequately
represent" its interests.

The unsecured creditors' committee is now composed of:

     (1) Pension Benefit Guaranty Corporation
         Attn: Michael Strollo
         1200 K Street NW
         Washington, DC 20005

     (2) Nelson Brothers, LLC
         Attn: Jason K. Baker
         820 Shades Creek Parkway, Suite 2000
         Birmingham, AL 35209

     (3) Mayer Electric Supply Co., Inc.
         Attn: Mark J. Horn
         3405 4th Avenue S
         Birmingham, AL 35222

     (4) Cowin & Company, Inc.
         Attn: John Moore
         P.O. Box 19009
         Birmingham, AL 35219-9009

     (5) Delaware Trust Company, as Indenture
         Trustee $388,000,000 of 9.875% Senior
         Notes due 2020
         Attn: Sandra E. Horwitz
         2711 Centerville Road
         Wilmington, DE 19808

     (6) United Mine Workers of America 1974
         Pension Plan and Trust (the “UMWA
         1974 Pension Plan”)
         Attn: David W. Allen
         2121 K Street, N.W.
         Washington, DC 20037

     (7) UMB Bank National Association, in its
         capacity as Indenture Trustee of the 8.5%
         Notes Due 2021
         Attn: Mark Flannagan
         1010 Grand Blvd.
         Kansas City, MO 64106

     (8) United Steelworkers
         Attn: David R. Jury
         60 Boulevard of the Allies, Room 807
         Pittsburgh, PA 15222

     (9) Industrial Mining Supply Inc.
         Attn: Phillip Bradford
         2500 Five Star Parkway
         Bessemer, AL 35022

    (10) Hager Oil Company, Inc.
         Attn: Phillip C. Grace
         P. O. Box 1429
         Jasper, AL 35502-1429

    (11) United Mine Workers of America
         Attn: Grant Crandall
         18354 Quantico Gateway Drive, Suite 200
         Triangle, VA 22172

    (12) Carroll Engineering Co.
         Attn: Greg Wolfe
         227 Industrial Park Dr.
         Harlan, KY 40831

    (13) Consolidated Pipe & Supply Co., Inc.
         Attn: Chris Harper
         1205 Hilltop Parkway
         Birmingham, AL 35124

The 11 other unsecured creditors were appointed on July 30 by the
bankruptcy administrator, according to court filings.

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

                       About Walter Energy

Walter Energy -- http://www.walterenergy.com/-- is a publicly    
traded "pure-play" metallurgical coal producer for the global steel
industry with strategic access to steel producers in Europe, Asia
and South America.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,700 employees, with operations in
the United States, Canada and the United Kingdom.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $471 million following a net loss of $359 million in 2013.  

Walter Energy, Inc., and its affiliates sought Chapter 11
protection (Bankr. N.D. Ala. Lead Case No. 15-02741) in Birmingham,
Alabama on July 15, 2015.  The Debtors tapped Paul, Weiss, Rifkind,
Wharton & Garrison as counsel; Bradley Arant Boult Cummings LLP, as
co-counsel; Ogletree Deakins LLP, as labor and employment counsel;
Maynard, Cooper & Gale, P.C., as special counsel; Blackstone
Advisory Services, L.P., as investment banker; AlixPartners, LLP,
as financial advisor, and Kurtzman Carson Consultants LLC, as
claims and noticing agent.

Walter Energy disclosed total assets of $5.2 billion and total debt
of $5 billion as of March 31, 2015.


WEST CORP: Reports Second Quarter 2015 Results
----------------------------------------------
West Corporation announced its second quarter results for the
period ended June 30, 2015.

"West delivered revenue growth and improved earnings during the
second quarter, highlighted by 16 percent growth in adjusted
earnings per share, despite headwinds from foreign currency
translation, as demand for our expanding service offerings
continues to resonate in the market," said Tom Barker, chairman and
chief executive officer of West Corporation.  "During the quarter,
we completed our second successful secondary common stock offering
of the year, which has resulted in an increase in our float, higher
trading volume and a broader institutional shareholder base."

For the second quarter of 2015, revenue was $571.9 million compared
to $552.3 million for the same quarter of the previous year, an
increase of 3.5 percent.  Organic revenue growth was 2.4 percent
for the quarter.  Revenue from acquired entities was $26.2 million
during the second quarter of 2015, contributing 4.7 percent to the
Company's growth.  The Company's revenue growth rate was partially
offset by 3.6 percent from the impact of foreign currency exchange
rates and a previously disclosed client loss.

At June 30, 2015, West Corporation had cash and cash equivalents
totaling $158.5 million and working capital of $265.3 million.
Interest expense was $38.6 million during the second quarter of
2015 compared to $48.4 million during the comparable period the
prior year, as a result of the previously mentioned debt
refinancing.

"We generated nearly $100 million of cash from operations in the
quarter, further expanding our ability to continue to deploy
capital into attractive projects," said Jan Madsen, chief financial
officer of West Corporation.  "During the quarter, we put our
capital to work as we completed the acquisition of SharpSchool,
further expanding our attractive suite of solutions for the
education market, and repurchased one million shares of our common
stock, while continuing to return cash to shareholders through our
dividend."

As of June 30, 2015, the Company had $3.5 billion in total assets,
$4.1 billion in total liabilities and a stockholdes' deficit of
$625.9 million.

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

                        http://is.gd/cjet6h

                      About West Corporation

Omaha, Neb.-based West Corporation is a global provider of
communication and network infrastructure solutions.  West helps
manage or support essential enterprise communications with
services that include conferencing and collaboration, public safety
services, IP communications, interactive services such as automated
notifications, large-scale agent services and telecom services.

West Corp reported net income of $158 million in 2014 following
net income of $143 million in 2013.

                         Bankruptcy Warning

"Our failure to comply with these debt covenants may result in an
event of default which, if not cured or waived, could accelerate
the maturity of our indebtedness.  If our indebtedness is
accelerated, we may not have sufficient cash resources to satisfy
our debt obligations and we may not be able to continue our
operations as planned.  If our cash flows and capital resources are
insufficient to fund our debt service obligations and keep us in
compliance with the covenants under our Amended Credit Agreement or
to fund our other liquidity needs, we may be forced to reduce or
delay capital expenditures, sell assets or operations, seek
additional capital or restructure or refinance our indebtedness
including the notes.  We cannot ensure that we would be able to
take any of these actions, that these actions would be successful
and would permit us to meet our scheduled debt service obligations
or that these actions would be permitted under the terms of our
existing or future debt agreements, including our Senior Secured
Credit Facilities and the indenture that governs the notes.  The
Amended Credit Agreement and the indenture that governs the notes
restrict our ability to dispose of assets and use the proceeds from
the disposition.  As a result, we may not be able to consummate
those dispositions or use the proceeds to meet our debt service or
other obligations, and any proceeds that are available may not be
adequate to meet any debt service or other obligations then due.

If we cannot make scheduled payments on our debt, we will be in
default, and as a result:

   * our debt holders could declare all outstanding principal and
     interest to be due and payable;

   * the lenders under our Senior Secured Credit Facilities could
     terminate their commitments to lend us money and foreclose
     against the assets securing our borrowings; and

   * we could be forced into bankruptcy or liquidation," the
     Company said in its quarterly report for the period ended
     March 31, 2015.

                          *     *     *

As reported by the TCR on June 21, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on West Corp. to 'BB-'
from 'B+'.  The upgrade reflects Standard & Poor's view that lower
debt leverage and a less aggressive financial policy will
strengthen the company's financial profile.

In the April 4, 2013, edition of the TCR, Moody's Investor Service
upgraded West Corporation's Corporate Family Rating to 'B1' from
'B2'.  "The CFR upgrade to B1 reflects West's shift to a more
conservative capital structure and financial policies as a publicly
owned company," stated Moody's analyst Suzanne Wingo.


WET SEAL: Disclosure Statement Hearing Set for Sept. 11
-------------------------------------------------------
A hearing will be held before the Hon. Christopher S. Sontchi of
the U.S. Bankruptcy Court for the District of Delaware on Sept. 11,
2015, at 11:00 a.m. (prevailing Eastern Time) to consider the entry
of an order approving the disclosure statement explaining Seal123,
Inc., et al.'s First Amended Joint Plan of Liquidation.

Responses and objections, if any, to the approval of the Disclosure
Statement must be filed on or before Sept. 4.

The Plan provides for the creation of a Liquidation Trust that will
administer and liquidate all remaining property of the Debtors
after the payment of certain fees and expenses.  The Plan also
provides for Distributions to certain Holders of Secured Claims,
Administrative Claims, Professional Fee Claims, Priority Claims,
and General Unsecured Claims, and for the funding of the
Liquidation Trust.  The Plan further provides for the cancellation
of all Equity Interests in the Debtors, the dissolution and wind-up
of the affairs of the Debtors, and the transfer of any remaining
Assets of the Debtors’ Estates to the Liquidation Trust. Under
the Plan and pursuant to a Global Plan Settlement, for purposes of
voting and distribution in connection with the Plan, the Debtors
will be substantively consolidated, meaning that all of the Assets
and liabilities of the Debtors will be deemed to be the Assets and
liabilities of a single entity.

A full-text copy of the Disclosure Statement dated Aug. 10, 2015,
is available at http://bankrupt.com/misc/SEALds0810.pdf

                          About Wet Seal

The Wet Seal, Inc., et al., are retailers selling fashion apparel
and accessory items designed for female customers aged 13 to 24
years old.

The Company, and three affiliates -- The Wet Seal Retail,
Inc., Wet Seal Catalog, Inc., and Wet Seal GC, LLC -- filed for
separate Chapter 11 petitions (Bankr. D. Del. Case Nos. 15-10081
to 15-10084) on Jan. 15, 2015.  The Wet Seal, Inc., disclosed
$215,254,952 in assets and $60,598,968 in liabilities as of the
Chapter 11 filing.

The Hon. Christopher S. Sontchi presides over the jointly
administered cases.  Maris J. Kandestin, Esq., and Michael R.
Nestor, Esq., at Young Conaway Stargatt & Taylor, LLP; Lee R.
Bogdanoff, Esq., Michael L. Tuchin, Esq., David M. Guess, Esq.,
and Jonathan M. Weiss, Esq., at Klee, Tuchin, Bogdanoff & Stern
LLP; and Paul Hastings LLP, serve as the Debtors' Chapter 11
counsel.  FTI Consulting serves as the Debtors' restructuring
advisor.  The Debtors' investment banker is Houlihan Lokey.  The
Debtors tapped Donlin, Recano & Co., Inc. as claims and noticing
agent.  

The petitions were signed by Thomas R. Hillebrandt, interim chief
financial officer.

B. Riley, the original DIP lender and plan sponsor, is represented
by Van C. Durrer, II, Esq., at Skadden, Arps, Slate, Meagher &
Flom LLP.

Versa Capital Management, LLC, and its affiliate, Mador Lending,
LLC, which was selected as the successful bidder at an auction, is
being advised by Greenberg Traurig LLP, Klehr Harrison Harvey
Branzburg LLP, and KPMG LLP.  

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors.  The Committee retained Pachulski Stang Ziehl & Jones
LLP as its counsel and Province Inc. as its financial advisor.

The Wet Seal, Inc., changed its name to "Seal123, Inc." on
April 17, 2015, in accordance with the asset purchase agreement
with Mador Lending, LLC, an affiliate of Versa Capital Management,
LLC, as buyer.


WINHA INT'L: Marcum Bernstein Expresses Going Concern Doubt
-----------------------------------------------------------
WINHA International Group Limited filed with the U.S. Securities
and Exchange Commission its annual report on Form 10-K for the
fiscal year ended March 31, 2015.

Marcum Bernstein & Pinchuk LLP expressed substantial doubt about
the Company's ability to continue as a going concern, citing that
the Company has a net loss and an accumulated deficit as of
March 31, 2014.

The Company reported net income of $2.37 million on $9.02 million
of revenues in 2015, compared with a net loss of $1 million on
$99,752 of revenues in 2014.

The Company's balance sheet at March 31, 2015, showed $5.77 million
in total assets, $1.66 million in total liabilities, and total
stockholders' equity of $4.11 million.

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

                       http://is.gd/Lkh9w2

WINHA International Group Ltd. operates as a development stage
company with interest in providing retail specialty products
through physical franchise stores.  It operates as mobile, set-top
box sets for television stores and sells locally produced food,
beverages and arts and crafts that are well-known across China.
The firm markets and sells the local specialty goods through the
following four channels: Online Store, Mobile store, Set-Top Box
Store and Market Needs.  The company was founded on April 15, 2013
and is headquartered in Zhongshan, China.



[^] BOOK REVIEW: Oil Business in Latin America: The Early Years
---------------------------------------------------------------
Author:  John D. Wirth Ed.
Publisher:  Beard Books
Softcover:  282 pages
List price:  $34.95
Review by Gail Owens Hoelscher
Buy a copy for yourself and one for a colleague on-line at
http://is.gd/DvFouR

This book grew out of a 1981 meeting of the American Historical
Society. It highlights the origin and evolution of the state-
owned petroleum companies in Argentina, Mexico, Brazil, and
Venezuela.

Argentina was the first country ever to nationalize its
petroleum industry, and soon it was the norm worldwide, with the
notable exception of the United States. John Wirth calls this
phenomenon "perhaps in our century the oldest and most
celebrated of confrontations between powerful private entities
and the state."

The book consists of five case studies and a conclusion, as
follows:

     * Jersey Standard and the Politics of Latin American Oil
          Production, 1911-30 (Jonathan C. Brown)

     * YPF: The Formative Years of Latin America's Pioneer State
          Oil Company, 1922-39 (Carl E. Solberg)

     * Setting the Brazilian Agenda, 1936-39 (John Wirth)

     * Pemex: The Trajectory of National Oil Policy (Esperanza
          Duran)

     * The Politics of Energy in Venezuela (Edwin Lieuwen)

     * The State Companies: A Public Policy Perspective (Alfred
          H. Saulniers)

The authors assess the conditions at the time they were writing,
and relate them back to the critical formative years for each of
the companies under review. They also examine the four
interconnecting roles of a state-run oil industry and
distinguish them from those of a private company. First, is the
entrepreneurial role of control, management, and exploitation of
a nation's oil resources. Second, is production for the private
industrial sector at attractive prices. Third, is the
integration of plans for military, financial, and development
programs into the overall industrial policy planning process.
Finally, in some countries is the promotion of social
development by subsidizing energy for consumers and by promoting
the government's ideas of social and labor policy and labor
relations.

The author's approach is "conceptual and policy oriented rather
than narrative," but they provide a fascinating look at the
politics and development of the region. Mr. Brown provides a
concise history of the early years of the Standard Oil group and
the effects of its 1911 dissolution on its Latin American
operations, as well as power struggles with competitors and
governments that eventually nationalized most of its activities.
Mr. Solberg covers the many years of internal conflict over oil
policy in Argentina and YPF's lack of monopoly control over all
sectors of the oil industry. Mr. Wirth describes the politics
and individuals behind the privatization of Brazil's oil
industry leading to the creation of Petrobras in 1953. Mr. Duran
notes the wrangling between provinces and central government in
the evolution of Pemex, and in other Latin American countries.
Mr. Lieuwin discusses the mixed blessing that oil has proven for
Venezuela., creating a lopsided economy dependent on the ups and
downs of international markets. Mr. Saunders concludes that many
of the then-current problems of the state oil companies were
rooted in their early and checkered histories." Indeed, he says,
"the problems of the past have endured not because the public
petroleum companies behaved like the public enterprises they
are; they have endured because governments, as public owners,
have abdicated their responsibilities to the companies."

Jonh D. Wirth is Gildred Professor of Latin American Studies at
Standford University.



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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
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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
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Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

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