TCR_Public/150902.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, September 2, 2015, Vol. 19, No. 245

                            Headlines

1111 MYRTLE AVENUE: Case Summary & 8 Largest Unsecured Creditors
1111 MYRTLE AVENUE: Files for Chapter 11 to Find New Buyer
315 W 35TH ASSOCIATES: $43 Million Sale to Fund Plan Payments
ALLEN ACADEMY: S&P Cuts Rating on 2013 $17MM Refunding Bonds to B+
ALLIED NEVADA: Gets Court Approval to Obtain Exit Financing

AMERICAN NATURAL ENERGY: Involuntary Chapter 11 Case Summary
ARCHDIOCESE OF ST. PAUL: Victims Seek to Restrict Claims Access
BOOMERANG TUBE: Brown Rudnick Approved as Committee's Co-Counsel
BULLIONDIRECT INC: Files Schedules of Assets and Liabilities
CALIFORNIA COMMUNITY: Sept. 9 Hearing on 2nd Am. Disclosures

CONNIE STEVENS: To Emerge from Bankruptcy With Millions
CRP-2 HOLDINGS: Files Schedules of Assets and Liabilities
CRP-2 HOLDINGS: Proofs of Claim Due Sept. 18, 2015
CVR REFINING: S&P Raises Corp. Credit Rating to BB-, Outlook Stable
DELTROPICO DESIGNS: Case Summary & 20 Largest Unsecured Creditors

DORAL FINANCIAL: Fitch Withdraws 'D' LT Issuer Default Rating
DORSEY MOTOR: Case Summary & 10 Largest Unsecured Creditors
DOWNRIGHT DISPOSAL: Case Summary & 3 Largest Unsecured Creditors
EVEREST HOLDINGS: Moody's Confirms 'B2' CFR, Outlook Stable
FALCON GOLD: Executes Limited Forbearance Agreement

FREEDOM INDUSTRIES: Plan Goes to Creditors for Voting
FREESCALE SEMICONDUCTOR: Fitch Keeps 'B+' LT IDR on Watch Positive
HEALTHSOUTH CORP: CareSouth Deal No Impact on Moody's 'Ba3' CFR
HERTZ CORP: S&P Affirms 'B1' Corp. Family Rating, Outlook Stable
HRP INVESTMENTS: Case Summary & 6 Largest Unsecured Creditors

IAMGOLD CORP: S&P Cuts Issue-Level Rating to 'B', Outlook Stable
LEHMAN BROTHERS: Bankr. Court Has Jurisdiction Over "Ruby" Deal
LENNAR CORP: S&P Affirms 'BB' Corp. Credit Rating
LOYALIST GROUP: Receives Default Notice for Forbearance Breach
LUCA INTERNATIONAL: SEC Seeks Receiver After Ch. 11 Filing

MAC-ACCESS: Case Summary & 20 Largest Unsecured Creditors
MAJESTIC STONE: Case Summary & 20 Largest Unsecured Creditors
MANISTIQUE PAPERS: Debtor and Committee Dismiss Case
MANTUA GARDENS: Voluntary Chapter 11 Case Summary
NEP GROUP: Moody's Retains 'B2' CFR Over CMI Acquisition

NEW YORK TIMES: S&P Revises Outlook to Pos. & Affirms 'B+' CCR
NORTHWEST HEALTH: Case Summary & 5 Largest Unsecured Creditors
ORLANDO, FL: S&P Raises Rating on 2008C 3rd Lien Bonds to 'CCC+'
PACIFIC RECYCLING: Section 341 Meeting Set for Sept. 17
PATRIOT COAL: Gets Court Order Protecting Confidential Info

PATRIOT COAL: To Raise $50 Million in Rights Offerings
PETERSBURG REGENCY: To Seek Plan Confirmation Sept. 9
RADIOSHACK CORP: Creditors Sue Hedge Fund Standard General
RELATIVITY MEDIA: Has Interim Nod to Pay Critical Vendors
RESPONSE GENETICS: Rust Omni Approved as Claims Agent

RESPONSE GENETICS: U.S. Trustee, SWK Object to KEIP
RESPONSE GENETICS: Wins Approval to Pay Critical Vendors
ROADRUNNER ENTERPRISES: Had Until August 31 to Use Cash Collateral
S&S STEEL: Case Summary & 20 Largest Unsecured Creditors
SEBRING MANAGEMENT: Has Cash Use Until Sept. 3

SHREE MELDIKRUPA: Case Summary & 5 Largest Unsecured Creditors
STEWARD HEALTH: S&P Affirms B- Corp. Credit Rating, Outlook Stable
SULLIVAN INTERNATIONAL: Files Amended Schedules of Asset and Debt
T-L CHEROKEE: $24 Mil. Settlement With MB Financial Approved
TERVITA CORP: S&P Affirms 'B-' Corp. Credit Rating, Outlook Stable

TOP SHELV: Case Summary & 20 Largest Unsecured Creditors
TROCOM CONSTRUCTION: Had Until August 31 to Use Cash Collateral
TROCOM CONSTRUCTION: Has Authority to Obtain $3.4MM in DIP Loan
VILLA GROUP: Voluntary Chapter 11 Case Summary
WESCO INTERNATIONAL: S&P Affirms 'BB' CCR, Outlook Stable

WOLVERINE WORLD: S&P Hikes Corp. Credit Rating to 'BB+'

                            *********

1111 MYRTLE AVENUE: Case Summary & 8 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: 1111 Myrtle Avenue Group LLC
        20 West 47th Street
        New York, NY 10036

Case No.: 15-12454

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: September 1, 2015

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

Judge: Hon. Shelley C. Chapman

Debtor's Counsel: J. Ted Donovan, Esq.
                  Kevin J. Nash, Esq.
                  GOLDBERG, WEPRIN, FINKEL, GOLDSTEIN LLP
                  1501 Broadway, 22nd Floor
                  New York, NY 10036
                  Tel: (212)-221-5700
                  Fax: (212)-422-6836
                  Email: TDonovan@GWFGlaw.com
                         KNash@GWFGlaw.com

Total Assets: $29.6 million

Total Liabilities: $6.2 million

The petition was signed by Aaron C. Ambalu, manager.

List of Debtor's eight Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Best Carpets & Interiors                                $20,896

NYC Water Board                                         $19,016

Judi Construction Corp.                                  $9,190

Consolidated Edison Company of NY      Services          $6,980

Zahmel                                                   $1,760

Equal Carpet                                               $869

PMK Best Quality Inc.                                      $820

Filco                                                      $778


1111 MYRTLE AVENUE: Files for Chapter 11 to Find New Buyer
----------------------------------------------------------
1111 Myrtle Avenue Group, LLC, has sought Chapter 11 bankruptcy
protection to commence an immediate sale of its property with a new
buyer after Myrtle Property Holdings LLC failed to close the
purchase of the Property on July 28, 2015.

The Debtor entered into a contract of sale with the Defaulting
Purchaser on June 20, 2014, to sell a property located at 1103-1111
Myrtle Avenue, Brooklyn, NY (Block 1584, Lots 39, 50 and 51)
for $20,500,000.  The purchase price includes a total deposit of
$7,500,000 funded in stages which was released to the Debtor.

The Property is currently leased by two commercial tenants, with
the United States of America occupying most of the commercial space
as a Social Security Office pursuant to a lease dated
June 15, 2005.  A commercial retail store occupies the remainder of
the premises.

Prior to July 28, 2015, Myrtle Property filed a claim for specific
performance in the State Court alleging that the closing date of
July 28, 2015, was purportedly unreasonable.  The Debtor says the
lawsuit is premature and constitutes an obvious effort to frustrate
it and potentially place its Property in limbo for an extended
period of time.

Aaron C. Ambalu, manager of the Debtor, relates in a declaration
filed with the Court that the the Debtor is severely prejudiced by
the prospect of protracted litigation because it is seeking to
effectuate a 1031 tax exchange.  He adds the pending lawsuit
impeded the Debtor's ability to finalize a contract to acquire a
long term 31 year lease for two properties at 25 West 47th Street,
New York, and 30 West 48th Street, New York, from Extell
Corporation.

The Debtor is seeking to utilize the protections and rights
conferred by Chapter 11 to extricate the Property from unnecessary
legal entanglements in favor of obtaining a relatively prompt
resolution of the parties' respective rights under the defaulted
contract in bankruptcy so that a 1031 tax exchange may be pursued
anew if not with Extell.

According to Mr. Ambalu, the institution of litigation by the
Defaulting Purchaser potentially constitutes a default under the
existing mortgage with United International Bank and could severely
complicate pending negotiations with Government Service
Administration.

To move the process forward, the Debtor intends to couple the
Chapter 11 filing with the commencement of an adversary proceeding
declaring the Contract terminated and forfeiting the deposit as
liquidated damages.  The Debtor also intends to use the Chapter 11
to procure another purchaser for the Property.

According to www.investopedia.com, Section 1031 is a section of the
U.S. Internal Revenue Service Code that allows investors to defer
capital gains taxes on any exchange of like-kind properties for
business or investment purposes.  Taxes on capital gains are not
charged on the sale of a property if the money is being used to
purchase another property - the payment of tax is deferred until
property is sold with no re-investment.

1111 Myrtle Avenue Group LLC filed a Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 15-12454) on Sept. 1, 2015.
The petition was signed by Aaron C. Ambalu as manager.  The Debtor
disclosed total assets of $29.6 million and total liabilities of
$6.2 million.  Goldberg Weprin Finkel Goldstein LLP represents the
Debtor as counsel.  Judge Shelley C. Chapman is assigned to the
case.


315 W 35TH ASSOCIATES: $43 Million Sale to Fund Plan Payments
-------------------------------------------------------------
315 W 35th Associates LLC has a Chapter 11 plan based upon the
successful sale of its property for an amount of money that will be
able to pay all the creditors in full and leave a surplus for the
equity interests.  The Bankruptcy Judge scheduled a sale of the
Property for July 13, 2015, which was an open auction sale held in
the Bankruptcy Court.  There were two bidders at the auction sale
and Mazel was the successful purchaser at $43,000,000.  A closing
will be scheduled in connection with confirmation of the Plan.

To the extent that the sale proceeds are insufficient to pay all
the unsecured creditors in full, there will be a distribution to
the unsecured creditors on a pro rata basis who will be entitled to
vote on the Plan.

The Plan is based upon the premise that the Debtor obtained
sufficient proceeds at the auction sale of the Property to allow
for payment of all the secured, priority and administration
creditors in full.  If the sale proceeds are not sufficient to pay
all the unsecured creditors in full, then the unsecured creditors
will be paid on a pro rata basis from the balance of the proceeds
of the auction sale.  

The Debtor's plan has 10 classes of creditors.  Classes 1 through 7
are made up of creditors who are secured by a lien on the Property,
as is more fully set forth in the Foreclosure Judgment, that
enumerated which creditors are to be paid in a specific order as
having liens on the Property.  Each secured creditor is entitled to
be paid after the secured creditors of a higher priority have been
paid.

The Debtor plans to satisfy the secured claims, the administration
claims, the priority claims and the general unsecured claims
through the auction sale of the Property.  The Bankruptcy Court
entered an order dated June 25, 2015 that authorized the sale free
and clear of all liens and encumbrances, which will allow for the
highest bidder at the sale to take title to the Property without
any problems.  Also, the Plan provides for the secured creditors to
provide any documentation that is necessary to release their claims
as of record in connection with the sale of the Property and the
payment to the secured creditors pursuant to the Plan.

A copy of the Second Amended Disclosure Statement dated Aug. 17,
2015, explaining the terms of the Amended Plan of Reorganization
dated Aug. 17, 2015, is available for free at:

                       http://is.gd/t3VGxw

                   About 315 W 35th Associates

315 W 35th Associates LLC, owner of a parcel of real estate located
at 315 West 35th Street, New York, sought Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Case No. 15-10877) on April 8, 2015.
The Debtor, a Single Asset Real Estate, says the property is worth
$40 million.  Liabilities total $30.7 million.

The Debtor tapped M. David Graubard, Esq., at Kera & Graubard, in
New York, as bankruptcy counsel.



ALLEN ACADEMY: S&P Cuts Rating on 2013 $17MM Refunding Bonds to B+
------------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term rating to
'B+' from 'BB+' on Allen Academy, Mich.'s $17 million series 2013
public school academy revenue refunding bonds.  The outlook is
negative.

"The rating downgrade reflects our view of Allen Academy's weak
operating trends, with deficits expected in fiscal years 2015 and
2016, and our expectations of a bond covenant violation and
fluctuating enrollment," said Standard & Poor's credit analyst Ryan
Quakenbush.  "In addition, the rating action takes into account our
assessment of the school's recent one-year charter renewal and
management transition, which have the potential, in our opinion, to
impact performance during an already volatile period."

"The negative outlook reflects our view that the school will likely
post operating deficits through at least fiscal 2016 and violate
the days' cash on hand bond covenant," Mr. Quakenbush added.

Allen Academy is a charter school in Detroit, chartered by Ferris
State University, that provides kindergarten through grade 12
educational services.



ALLIED NEVADA: Gets Court Approval to Obtain Exit Financing
-----------------------------------------------------------
A federal judge approved Allied Nevada Gold Corp.'s proposed
financing that would help the company emerge from bankruptcy
protection.

The exit loan, approved by U.S. Bankruptcy Judge Mary Walrath,
would provide the funding needed by the company to consummate its
proposed Chapter 11 reorganization plan.

A group of noteholders committed to provide the exit loan by
purchasing new second lien convertible notes from Allied Nevada.

The aggregate initial principal amount of the new second lien
convertible notes to be issued by the company will be equal to the
sum of the purchase price and a $5 million non-refundable put
option payment, which will be payable in kind in the form of
additional new second lien convertible notes.

The maximum initial principal amount of the new second lien
convertible notes on the effective date of the plan is $80 million,
according to court filings.  

Judge Walrath also allowed the company to assume a restructuring
support agreement with the noteholders and with its secured
lenders, including The Bank of Nova Scotia

Under the RSA, each of the parties agreed to support the
restructuring transaction and vote all of its claims to accept the
restructuring plan.

The RSA will be terminated if Allied Nevada commits a material
breach of the agreement, withdraws the plan or pursues another
transaction.  

Another ground for termination of the RSA is the termination of the
exit financing and the company's exclusive right to file and
solicit acceptances of a plan, according to court filings.

A copy of the RSA and the exit facility commitment letter is
available without charge at http://is.gd/9jvD68

                 About Allied Nevada Gold Corp.

Allied Nevada Gold Corp. (OTCMKTS: ANVGQ), a Delaware corporation,
is a U.S.-based gold and silver producer engaged in mining,
developing and exploring properties in the State of Nevada.  ANV
was spun off from Vista Gold Corp. in 2006 and began operations in
May 2007.  Nevada-based mining properties acquired from Vista
include the Hycroft Mine, an open-pit heap leach operation located
54 miles west of Winnemucca, Nevada.  ANV controls 75 exploration
properties throughout Nevada as of Dec. 31, 2014.

On March 10, 2015, ANV and 13 affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 15-10503).  The cases
are assigned to Judge Mary F. Walrath.

The Debtors have tapped Blank Rome LLP and Akin Gump Strauss Hauer
& Feld LLP as attorneys; FTI Consulting Inc. as financial advisor;
Moelis & Company as financial advisor; and Prime Clerk LLC as
claims and noticing agent.

ANV disclosed $941 million in total assets and $664 million in
total debt as of Dec. 31, 2014.

The U.S. Trustee appointed three creditors of the company to serve
on the official committee of unsecured creditors.  The Committee
retained Arent Fox LLP as co-counsel, and Polsinelli PC as
conflicts counsel.  It hired Zolfo Cooper, LLC as bankruptcy
consultant and financial advisors, and Upshot Services LLC as
information agent.

The U.S. Trustee also named an Official Committee of Equity
Security Holders.  The Equity Committee is represented by Cole
Schotz P.C.'s Patrick J. Reilley, Esq., and Nicolas J. Brannick,
Esq.; and LeClairRyan's Janice B. Grubin, Esq., Gregory J.
Mascitti, Esq., Richard A. McGuirk, Esq., and Michael J.
Crosnicker, Esq.  The Equity Committee has hired Navigant
Consulting, Inc. as financial advisor; and Runge, Inc. dba
RungePincockMinarco as technical mining expert.


AMERICAN NATURAL ENERGY: Involuntary Chapter 11 Case Summary
------------------------------------------------------------
Alleged Debtor: American Natural Energy Corporation
                6100 South Yale Avenue, Suite 2010
                Tulsa, OK 74136
                Tel: (918) 481-1440

Case Number: 15-12229

Involuntary Chapter 11 Petition Date: August 31, 2015

Court: United States Bankruptcy Court
       Eastern District of Louisiana (New Orleans)

Judge: Hon. Elizabeth W. Magner

Petitioners' Counsel: Philip Kirkpatrick Jones, Jr., Esq.
                      LISKOW & LEWIS
                      701 Poydras St., Suite 5000
                      New Orleans, LA 70139-5099
                      Tel: (504) 581-7979
                      Fax: (504) 556-4108
                      Email: pkjones@liskow.com

                        - and -

                      Michael A. Crawford, Esq.
                      TAYLOR, PORTER, BROOKS & PHILLIPS LLP
                      Post Office Box 2471
                      Baton Rouge, LA 70821
                      Tel: (225) 387-3221

   Petitioners                  Nature of Claim      Claim Amount
   -----------                  ---------------      ------------
Reamco, Inc.                   Sale of services/         $11,506
1149 Smede Hwy.                     goods
Broussard, LA 70518
Tel: (337) 364-9244

C&M Contractors, Inc.           Sale of services/        $29,351
4932 Kenal Road                     goods
Lafitte, LA 70067
Tel: (504) 689-2013

Bayou Fuel Marine & Hardware    Sale of services/        $79,077
Supplies, Inc.                      goods
4932 Kenal Road
Lafitte, LA 70067
Tel: (504) 689-2013

Hillair Capital Investments       Loans/Advances      $3,793,897
L.P.
345 Lorton Avenue
Suite 303
Burlingame, CA 94010
Tel: 650-762-5413


ARCHDIOCESE OF ST. PAUL: Victims Seek to Restrict Claims Access
---------------------------------------------------------------
Tom Corrigan, writing for The Wall Street Journal, reported that
lawyers representing more than 400 clergy sexual-abuse victims will
head to court this week to fight a request from the Roman Catholic
Archdiocese of St. Paul and Minneapolis's parishes for permission
to review victims' confidential bankruptcy claims.

According to the report, victims' lawyers said that if the
parishes' request is approved by a judge, it could result in the
dissemination of "unusually detailed and intensely personal"
information to more than 1,000 additional recipients.

                    About Archdiocese of St. Paul

The Archdiocese of Saint Paul and Minneapolis was originally
established by the Vatican in 1850 and serves a geographical area
consisting of 12 greater Twin Cities metro-area counties in
Minnesota, including Ramsey, Hennepin, Anoka, Carver, Chisago,
Dakota, Goodhue, Le Sueur, Rice, Scott, Washington, and Wright
counties.  There are 187 parishes and approximately 825,000
Catholic individuals in the region.  These individuals and
parishes
are served by 3999 priests and 173 deacons.

The Archdiocese of St. Paul and Minneapolis filed for Chapter 11
protection (Bankr. D. Minn. Case No. 15-30125) in Minnesota on Jan.
16, 2015, saying it has large and growing liabilities related to
child sexual abuse and that its pension obligations are
underfunded.

The Debtor disclosed $45,203,010 in assets and $15,890,460 in
liabilities as of the Chapter 11 filing.

The Debtor has tapped Briggs and Morgan, P.A., as Chapter 11
counsel; BGA Management LLC d/b/a Alliance Management as financial
advisor; Lindquist & Vennum LLP as attorney.

Eleven other dioceses have commenced Chapter 11 bankruptcy cases in
the United States to settle claims from current and former
parishioners who say they were sexually molested by priests.

U.S. Trustee for Region 12 appointed five creditors to serve on the
official committee of unsecured creditors.

The U.S. Trustee appointed five creditors to serve on the Committee
of Parish Creditors.  Ginny Dwyer appointed as the acting
chairperson of the committee until such time as the members can
meet and officially elect their own person.

                             *   *   *

The Debtor's exclusive period for filing a Chapter 11 plan and
disclosure statement ends on Nov. 30, 2015.


BOOMERANG TUBE: Brown Rudnick Approved as Committee's Co-Counsel
----------------------------------------------------------------
The Hon. Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware authorized the Official Committee of Unsecured
Creditors in the Chapter 11 case of Boomerang Tube, LLC, to retain
Brown Rudnick LLP as its co-counsel, nunc pro tunc to June 19,
2015.

At the hearing, the Court questioned the firms about whether it was
an established practice for attorneys to obtain payment for their
fees and expenses incurred in defending fee applications.  At the
conclusion of the hearing, the Court permitted the firms to submit
a supplemental brief identifying cases or materials evidencing the
practice.

The Committee on Aug. 17 submitted a supplemental brief in support
of the application to authorize retention of Brown Rudnick (as well
as Morris, Nichols, Arsht & Tunnell LLP) as co-counsel.

The supplement identifies the established practice in the Circuit
and others pursuant to which (a) estate professionals were
reimbursed their fees and expenses incurred in defending their fee
applications; and (b) attorneys are entitled to recover the costs
of collecting their fees outside of chapter 11.

As reported in the Troubled Company Reporter on Aug. 24, 2015,
Andrew R. Vara, the Acting U.S. Trustee for Region 3, objected to
the application.  The U.S. Trustee said that Brown Rudnick sought
to be paid from the Debtors' estates for any fees, costs or
expenses, arising out of the successful defense of any fee
application by Brown Rudnick in the bankruptcy cases in response to
any objection to its fees or expenses.

The U.S. Trustee asserted that the fee defense provisions violate
the Code, ignore the express directives of the U.S. Supreme Court,
and are otherwise unreasonable.  The U.S. Trustee noted that the
Supreme Court has held that Section 330(a) does not authorize a
court to approve a law firm's fee for litigating its fee
application.

Cortland Capital Market Services LLC, in its capacity as
administrative and collateral agent to the Term Lenders and the
Term DIP Lenders, concurs with and joined the objection of the U.S.
Trustee to the application to retain Brown Rudnick.

Cortland objected to the entry of an order approving the retention
of Brown Rudnick that would require the Debtors to indemnify Brown
Rudnick for any fees accrued in the process of defending or
prosecuting fee applications.

                     The Committee Application

The Committee, in its application, noted that Brown Rudnick, will,
among other things:

   a. assist the Committee in preparing the applications, motions,
memoranda, proposed orders, and other pleadings as may be required
in support of positions taken by the Committee, including all trial
preparation as may be necessary;

   b. confer with the professionals retained by the Debtors and
other parties-in-interest, well as with such other professionals as
may be selected and employed by the Committee;

   c. coordinate the receipt and dissemination of information
prepared by and received from the Debtors' professionals, well as
the information as may be received from professionals engaged by
the Committee or other parties-in-interest in the cases.

It is anticipated that the primary attorneys who will represent the
Committee are Steven D. Pohl (whose current hourly rate is $1,070),
Bennett S. Silverberg (whose current hourly rate is $885) and Sunni
P. Beville (whose current hourly rate is $820).  Other Brown
Rudnick attorneys or paraprofessionals will from time to time
provide legal services on behalf of the Committee in connection
with these matters herein described.  The hourly rates for Brown
Rudnick attorneys and paraprofessionals are in effect, but are
subject to periodic adjustments:

        Attorney                     $415 - $1,240
        Paraprofessional             $285 - $345

Mark DiGirolamo, the authorized representative of Nucor
Corporation, and chairman of the Committee, submitted a declaration
in support of the application.

                       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 Debtor disclosed $272,205,337 in assets and $300,375,946 in
liabilities as of th Chapter 11 filing.

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.

Boomerang Tube disclosed $272,205,337 in assets and $300,375,946 in
liabilities as of the Chapter 11 filing.

On June 30, 2015, the Debtor filed a bankruptcy-exit plan and
explanatory disclosure statement.  

The U.S. Trustee overseeing the Chapter 11 case appointed five
creditors to serve on an official committee of unsecured
creditors.  The Committee is represented by Brown Rudnick LLP., and
Morris, Nichols, Arsht & Tunnel LLP.



BULLIONDIRECT INC: Files Schedules of Assets and Liabilities
------------------------------------------------------------
BullionDirect Inc. filed with the U.S. Bankruptcy Court for the
Western District of Texas its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property             $486,107+
                                     Unknown
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                   $16,353
  E. Creditors Holding
     Unsecured Priority
     Claims                                               $52
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                       $16,938,925
                                 -----------      -----------
        Total                        $486,107     $16,955,330
                                    + Unknown

A copy of the schedules is available for free at:

        http://bankrupt.com/misc/BullionDirect_44_SAL.pdf

                       About BullionDirect

BullionDirect, Inc. filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tex. Case No. 15-10940) on July 20, 2015.  Dan Bensimon
signed
the petition as president.  The Debtor estimated assets of $10
million to $50 million and liabilities of at least $10 million.
Joseph D. Martinec, Esq., at Martinec, Winn & Vickers, P.C.,
represents the Debtor as counsel.  Judge Tony M. Davis presides
over the case.

The U.S. Trustee for Region 7 appointed three creditors to serve on
an official committee of unsecured creditors.



CALIFORNIA COMMUNITY: Sept. 9 Hearing on 2nd Am. Disclosures
------------------------------------------------------------
California Community Collaborative has a reorganization plan that
provides that general unsecured creditors (Class 4) are to receive
a distribution of 100% of their allowed claims, with interest, to
be distributed through twice-annual disbursements over a period of
no more than 36 months.

The Allowed Secured Claim of San Bernardino County Tax Collector
(Class 2.1) will be allowed shall be paid in full with penalties,
costs, fees, and the interest to accrue at the statutory rate in
accordance with the payment schedule calling for equal annual
installments of $41,168.

The Allowed Secured Claim California Bank & Trust (Class 2.2) will
be allowed the amount of $9,526,765 as of the Confirmation Date,
and shall bear interest at the rate 5.5% per year from the
Confirmation Date.

Equity security holder Merrell Schexnydre (Class 5) will retain his
interest in the Debtor as same existed immediately prior to the
Petition Date.

The Plan provides that the Debtor will deposit post-confirmation
rents and any proceeds of refinancing secured by the Real Property
into a specific Creditor Account, and shall make disbursements to
claim holders, including with priority the holders of claims with a
security interest in such rents, from that account.  To fund
disbursements to claim holders under the Plan, the Debtor is to
continue to operate its business and to lease space at the Real
Property following the Confirmation Date, and is to use net rental
income to fund disbursements to claim holders under the Plan.  The
Debtor will sell or refinance the Real Property, and net proceeds
after payment of claims secured by the Real Property will be used
to pay in full all Allowed Claims secured by the Real Property and
to fund distributions under the Plan, including to the holders of
Class 4 Allowed Claims.

The hearing on the Disclosure Statement is set on Sept. 9, 2015.

A copy of the Second Amended Disclosure Statement in support of its
Plan of Reorganization dated Mar. 26, 2015, is available at:

                         http://is.gd/T046x9

                      About California Community

California Community Collaborative owns and rents to
non-residential tenants an office building located at 655 West 2nd
Street, San Bernardino, California.  The building was previously a
Mervyn's retail shopping center before it was acquired and later
remodeled into a two-story, 88,000 square foot office building.
The company was formed by Merrell Schexnydre, who is presently the
sole shareholder and president.

The Judicial Council of California leases about 26,000 square feet
of space at the building.

California Community filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Cal. Case No. 14-26351) on June 17, 2014.  Mr. Schexnydre
signed the petition.  Judge Christopher M. Klein presides over the
case.  The Debtor estimated assets of at least $10 million and
liabilities of $1 million to $10 million.

The Debtor tapped Meegan, Hanschu & Kassenbrock as counsel and
CBRE-Inland Commercial Real Estate as broker.



CONNIE STEVENS: To Emerge from Bankruptcy With Millions
-------------------------------------------------------
Bill Rochelle, a bankruptcy columnist for Bloomberg News, reported
that performer Connie Stevens will exit bankruptcy with several
million dollars in her pocket, plus a home in Puerto Vallarta,
Mexico, that has no mortgage.

According to the report, Stevens has an offer of $16.7 million for
her Los Angeles home.  Taxing authorities will benefit from her
bankruptcy as she expects capital gains taxes of $150,000 on the
Wyoming home and not more than $4.25 million on the Los Angeles
property, the report related.

To minimize expense of Chapter 11, Stevens arranged a hearing in
Los Angeles bankruptcy court to seek permission to pay all claims
in full other than mortgages on the Los Angeles home, the report
further related.  Claims total about $485,000, Bloomberg cited the
the actress and singer as saying.

The case is In re Connie Stevens, 14-bk-21156, U.S. Bankruptcy
Court, Central District of California (Los Angeles).


CRP-2 HOLDINGS: Files Schedules of Assets and Liabilities
---------------------------------------------------------
CRP-2 Holdings AA, L.P., filed with the U.S. Bankruptcy Court for
the Northern District of Illinois its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property              $160,401,500
  B. Personal Property           $10,947,708
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                             $163,748,800
  E. Creditors Holding
     Unsecured Priority
     Claims                                       $1,391,099
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                       $1,497,196
                                 -----------      -----------
        Total                   $171,349,208    $166,637,095

A copy of the schedules are available for free at:

      http://bankrupt.com/misc/CRP-2Holdings_75_Aug10SAL.pdf

                      About CRP-2 Holdings

CRP-2 Holdings AA, L.P., a Delaware limited partnership that was
formed in May of 2006 for the primary purpose of acquiring and
managing real property, filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Ill. Case No. 15-24683) on July 21, 2015.  Neil
Waisnor, the vice president, signed the petition.  FrankGecker LLP
serves as the Debtor's counsel.  Judge Donald R. Cassling is
assigned to the case.  The Debtor disclosed total assets of
$171,349,208 and total liabilities of $166,637,095.

The U.S. Trustee appointed two creditors to serve on the official
committee of unsecured creditors.



CRP-2 HOLDINGS: Proofs of Claim Due Sept. 18, 2015
--------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
established these dates as the last day for any individual or
entity to file proofs of claim against CRP-2 Holdings AA, L.P.:

    * Sept. 18, 2015 is the General Claims Bar Date; and
    * Jan. 18, 2016 is the Governmental Claims Bar Date.

                      About CRP-2 Holdings

CRP-2 Holdings AA, L.P., a Delaware limited partnership that was
formed in May of 2006 for the primary purpose of acquiring and
managing real property, filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Ill. Case No. 15-24683) on July 21, 2015.  Neil
Waisnor, the vice president, signed the petition.  FrankGecker LLP
serves as the Debtor's counsel.  Judge Donald R. Cassling is
assigned to the case.  The Debtor disclosed total assets of
$171,349,208 and total liabilities of $166,637,095.

The U.S. Trustee appointed two creditors to serve on the official
committee of unsecured creditors.



CVR REFINING: S&P Raises Corp. Credit Rating to BB-, Outlook Stable
-------------------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit and senior unsecured debt ratings on CVR Refining L.P.
(CVRR) to 'BB-' from 'B+'.  The outlook is stable.  The '3'
recovery rating is unchanged.  The '3' rating indicates S&P's
expectation for meaningful (50% to 70%; lower half of the range)
recovery if a payment default occurs.

"The ratings upgrade on CVRR reflects our belief that favorable
refining margins will continue due to the partnership's feedstock
cost advantage and above-average demand for gasoline, which should
keep product pricing strong and financial leverage low over the
next 12 to 24 months," said Standard & Poor's credit analyst Mike
Llanos.

S&P views CVRR as somewhat better than its peers in the single 'B'
category because of greater scale and its location in the Midwest
market, which has historically generated higher refining margins
than other regions due to favorable local market dynamics.  S&P
expects total debt to EBITDA to be about 1.75x, interest coverage
of about 8x, and CVRR to generate positive free cash flow of more
than $310 million.

CVRR's rating reflects the "weak" business risk profile and
"aggressive" financial profile.  The "weak" business risk profile
reflects the refining sector's capital-intensive nature, margin
volatility, and CVRR's limited asset diversity.  CVRR is a 185,000
barrel per day (bpd) independent refiner and marketer of
transportation fuels. Compared with industry peers, the Coffeyville
refinery in Kansas (115,000 bpd capacity) and the Wynnewood
refinery in Oklahoma (70,000 bpd) benefit from low operating costs
per barrel and advantageous pricing for crude feedstocks and
finished products.  The lack of geographic diversity exposes both
refineries to similar geographic and pricing economics.

The stable outlook reflects S&P's expectation of adequate liquidity
while achieving refining margins of about $14 per barrel, resulting
in leverage between 1.5x and 2x.



DELTROPICO DESIGNS: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Deltropico Designs, LLC
        175 SW 7th Street, Suite 1703
        Miami, FL 33130

Case No.: 15-25767

Chapter 11 Petition Date: August 31, 2015

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Hon. Robert A Mark

Debtor's Counsel: Nathan G Mancuso, Esq.
                  MANCUSO LAW, P.A.
                  7777 Glades Rd # 100
                  Boca Raton, FL 33434
                  Tel: (561) 245-4705
                  Email: ngm@mancuso-law.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Luis Fernandez Trujillo, manager.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flsb15-25767.pdf


DORAL FINANCIAL: Fitch Withdraws 'D' LT Issuer Default Rating
-------------------------------------------------------------
Fitch Ratings has withdrawn the ratings for Doral Financial
Corporation (DRL) and its main subsidiary, Doral Bank. Fitch has
withdrawn the ratings as the company has entered bankruptcy.
Accordingly, Fitch will no longer provide ratings or analytical
coverage for DRL.

Fitch has withdrawn the following ratings:

Doral Financial Corporation

-- Long-term IDR 'D';
-- Senior debt 'C;
-- Preferred stock 'C;
-- Short-term IDR 'D';
-- Viability Rating 'f';
-- Support '5';
-- Support at Floor 'NF'.

Doral Bank

-- Long-term IDR 'D';
-- Short-term IDR 'D';
-- Viability Rating 'f';
-- Support '5';
-- Support Floor 'NF'.



DORSEY MOTOR: Case Summary & 10 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Dorsey Motor Sales, Inc.
        PO Box 680748
        Prattville, AL 36068

Case No.: 15-32394

Chapter 11 Petition Date: August 31, 2015

Court: United States Bankruptcy Court
       Middle District of Alabama (Montgomery)

Judge: Hon. Dwight H. Williams Jr.

Debtor's Counsel: Collier H. Espy, Jr., Esq.
                  ESPY, METCALF & ESPY, P.C.
                  P.O. Drawer 6504
                  326 North Oates Street
                  Dothan, AL 36302-6504
                  Tel: 334-793-6288
                  Email: kc@espymetcalf.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Richard M. Dorsey, president.

A list of the Debtor's 10 largest unsecured creditors is available
for free at http://bankrupt.com/misc/almb15-32394.pdf


DOWNRIGHT DISPOSAL: Case Summary & 3 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Downright Disposal, LLC
        2323 Victory Avenue, Suite 700
        Dallas, TX 75219

Case No.: 15-33546

Chapter 11 Petition Date: August 31, 2015

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Hon. Stacey G. Jernigan

Debtor's Counsel: John Machir Stull, Esq.
                  Sam M. Stricklin, Esq.
                  GRUBER HURST ELROD JOHANSEN HAIL SHANK LLP
                  1445 Ross Avenue, Suite 2500
                  Dallas, TX 75202
                  Tel: (214) 855-6800
                  Fax: (214) 855-6808
                  Email: mstull@ghetrial.com
                         sstricklin@ghetrial.com

Estimated Assets: $1 million to $10 million

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

The petition was signed by Stephen M. Pezanosky, Chapter 11 trustee
of Petroleum Asset Management Corporation, the Debtor's sole
managing member.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/txnb15-33546.pdf


EVEREST HOLDINGS: Moody's Confirms 'B2' CFR, Outlook Stable
-----------------------------------------------------------
Moody's Investors Service confirmed Everest Holdings, LLC's (dba
"Eddie Bauer") B2 Corporate Family Rating ("CFR") and B2-PD
Probability of Default Rating, as well as the B3 ratings on the
company's $225 million senior secured term loan due 2020.  The
rating outlook is stable.

These actions conclude the review for upgrade initiated on
June 16, 2015, upon the adoption of Moody's updated approach for
standard adjustments for operating leases, which is explained in
the cross-sector rating methodology Financial Statement Adjustments
in the Analysis of Non-Financial Corporations, published on June
15, 2015.  Despite Eddie Bauer's improved leverage as a result of
the aforementioned revision to Moody's approach for capitalizing
operating leases, the confirmation reflects Eddie Bauer's weaker
than anticipated LTM operating performance (through July 4, 2015)
and Moody's expectation that interest coverage (EBITA/interest
expense) will remain appropriate for the B2 rating.  Moody's
believes modest revenue and EBITDA growth will result in leverage
fluctuating in the mid-to-high 4 times range over the next 12 to 24
months, depending on seasonal revolver borrowings.  However,
interest coverage (EBITA/Interest) is expected to remain below the
2.0 times upgrade trigger, settling in the mid-to-high 1 times
range.

Moody's took these rating actions:

Issuer: Everest Holdings, LLC

  Corporate Family Rating, Confirmed at B2
  Probability of Default Rating, Confirmed at B2-PD
  $225 million Senior Secured Term Loan due 2020, Confirmed at B3,

   LGD-4
  Outlook, Stable

RATINGS RATIONALE

Eddie Bauer's B2 CFR reflects the company's high leverage and
modest interest coverage resulting from a sizable debt-financed
distribution to shareholders in 2014, combined with mixed LTM
operating performance that has seen some topline growth offset by
weaker EBITDA margins.  Moody's estimates leverage for the LTM
period ending July 4, 2015, in the low 5 times range, with interest
coverage (EBITA/Interest) in the mid-one times range.  The rating
acknowledges that there will be some credit metric improvement over
the next 12-24 months but that interest coverage will remain at a
level appropriate for the B2 rating.  Revenue growth in the low
single digit range, aided by the fourth quarter acquisition of its
German licensee business, combined with modest margin improvement
off of a weaker than anticipated LTM period that was partially
impacted by the west coast port slowdown, should bring leverage
closer to the mid-to-high 4 times range with interest coverage in
the mid-to-high 1 times range.  The rating also reflects modestly
lower comp store sales over the last 6 quarters, a moderate degree
of fashion risk, and financial policy risk associated with Eddie
Bauer's financial sponsor ownership.

The B2 rating is supported by Eddie Bauer's well recognized brand
name, although it has struggled with its identity at times, and its
focus on the outdoor lifestyle end-market.  Apparel geared towards
the active, outdoor lifestyle continues to be popular with
consumers which should benefit Eddie Bauer.  However, competition
is stronger now than it was in the past as a result of numerous
companies focusing on the space.  Moody's expects Eddie Bauer will
maintain adequate liquidity with close to breakeven free cash flow
over the next 12-18 months and access to a $200 million asset based
revolving credit facility ("ABL") (which is expected to be upsized
to $250 million shortly).

Eddie Bauer's liquidity is supported by approximately $10 million
of cash and about $70 million of availability under its $200
million ABL facility due 2019, as of July 4, 2015.  Free cash flow
for the LTM period was negative, largely driven by working capital
related outflows and growth capital spending, however Moody's
anticipates close to breakeven free cash flow over the next 12-18
months as working capital normalizes.  Moody's expects Eddie Bauer
will continue to rely on the ABL facility for seasonal working
capital needs, particularly as it builds inventory for the fourth
quarter, which is the company's peak selling period.  Borrowings as
of July 4, 2015 are approximately $63 million, which is higher than
prior years, however that can be partially attributable to a
strategic buildup of inventory in outwear this year to avoid
shortages experienced in the fourth quarter of 2014.  Moody's
anticipates additional borrowings in the third quarter, but expects
most, if not all, will be paid down by year end with cash generated
in the fourth quarter.

The ABL facility contains a springing fixed charge covenant test of
1.0 times, which is triggered when availability falls below 10%.
Moody's does not expect the covenant to be triggered over the next
12-18 months, but would anticipate limited to no cushion during
some interim periods in the event that it were triggered, given the
meaningful capital spend anticipated over the next 12 months.
However, it is worth noting that much of that capital spending is
somewhat discretionary and the company could pull back if liquidity
or covenant compliance were pressured.  The term loan has no
financial covenants.

The B3 rating on Eddie Bauer's $225 million senior secured term
loan is one notch below the company's CFR reflecting its junior
position in the capital structure relative to the company's
(unrated) ABL facility.  The term loan is secured by a first
priority lien on essentially all assets of its domestic
subsidiaries (excluding accounts receivable and inventory on which
it has a second priority lien behind the ABL) as well as a 2/3
pledge of foreign subsidiary stock.  The term loan's collateral
position creates effective priority relative to the company's
unsecured obligations including trade payables and lease rejection
claims.

The stable outlook reflects our expectation that modest revenue
growth in the low single digit range, combined with normalized
EBITDA margins will result in debt to EBITDA (as adjusted by
Moody's) in the mid-to-high 4 times range, with interest coverage
(EBITA/Interest) in the mid-to-high 1 times range.

Ratings could be downgraded if Eddie Bauer experiences accelerated
declines in sales or earnings, or an increase in debt that results
in debt to EBITDA above 6.0 times or EBITA to interest expense
below 1.25 times.  Negative rating pressure could also develop
should the company's liquidity profile deteriorate.

A ratings upgrade would require a track record of top line revenue
and earnings growth, while also generating positive comp store
sales.  From a credit metric perspective, an upgrade would also
require debt to EBITDA sustained below 5.0 times and EBITA to
interest above 2.0 times, as well as a willingness on the part of
the company and its private equity ownership to maintain credit
metrics at these levels.

The principal methodology used in these ratings was Global Retail
Industry published in June 2011.

Everest Holdings LLC (dba "Eddie Bauer"), headquartered in
Bellevue, WA, is a holding company with operations under the Eddie
Bauer brand name.  Eddie Bauer operates 327 stores in the US,
Canada, and Germany (as well as a joint venture in Japan) and
generated LTM revenue of approximately $895 million through July 4,
2015.  It also manages a direct business and domestic and
international licensing partnerships. Everest Holdings is owned by
Golden Gate Capital.



FALCON GOLD: Executes Limited Forbearance Agreement
---------------------------------------------------
Falcon Gold Corp. on Aug. 31 disclosed that it has finalized the
compilation of all available historic drill hole data and completed
a conceptual geological model encompassing three mineralized zones
within the New York Canyon, Nevada copper project.  The model
interprets the potential existence of large scale mineralization
within the Copper Queen, Champion and Longshot Ridge zones.  Only
portions of the new model were included within the 2010 NI 43-101
technical report completed by Canyon Copper Corp.  The model shows
potential for the expansion of copper mineralization to the east of
and at depth below the Longshot Ridge zone's historical resource
estimated and reported in the 2010 report.  The model may be viewed
on Falcon's corporate presentation on the Company's website:
www.falcongold.ca/i/pdf/ppt/presentation.pdf

The Company has formulated a plan to verify the results of the
model and further advance the resource evaluation.  As a first
step, Falcon will implement a sampling program of the historical
drill core and drill cuttings that are stored on site.
Approximately 5% of the historic drill core and cuttings will be
retrieved from the core shacks and the adit storage area and sent
for assay to an independent laboratory.

As reported in the 2010 technical report, the New York Canyon
database includes 161 historical drill holes and 73 Canyon Copper
drill holes totaling 139,056 feet. 33 drill holes completed in
2006, were located in the Longshot Ridge area, however none of
these holes were included in the historical resource estimation.
The authors of the 2010 report cited inconsistencies in the 2006
quality control samples and recommended re-analysis of these
samples prior to their inclusion in a resource estimation.  The
data compilation completed by Falcon located a complete re-analysis
of these samples with acceptable quality control results.  The
Company will verify these findings with additional sampling and
quality control measures.

The New York Canyon copper mineralization is hosted primarily as
skarns within Triassic to Jurassic-age limestone and sandstone
assemblages.  The skarn mineralization occurs adjacent to
Cretaceous-age felsic intrusive rocks.  The Champion zone, located
between the Longshot Ridge and Copper Queen Zones, consists of both
oxide and sulphide copper skarn mineralization and was the site of
significant historical mining.  Falcon management has identified 14
production adits and a 2-compartment shaft that was reportedly sunk
to a depth of approximately 450 ft (145m) within the Champion
zone.

The 2010 technical report also refers to existing geophysical data
that indicate the copper sulphide skarn mineralization identified
at depth at the Copper Queen zone has no exposed mineralization at
surface, and appears from historical drill results, to be underlain
at even greater depth by a potential disseminated copper molybdenum
sulphide porphyry system.  This sulphide zone has previously been
intersected in diamond drill core and appears to be a copper +
molybdenum porphyry.

Drilling by Continental Oil Company (Conoco) in 1977, identified
significant intervals of chalcopyrite and molybdenite
mineralization.  Conoco drill hole MN-42 reportedly intersected
1,040 ft (317m) of 0.41% Cu, 0.012% Mo and 4 ppm Ag at the Copper
Queen zone and also in drill hole MN-01 located within the Champion
zone intersected 138 ft (42m) of 0.77% Cu.

Limited Forbearance Agreement Executed

In order to maintain the option and joint venture agreement in good
standing, Falcon is required to make yearly cash, patented property
lease and unpatented claim payments to Canyon Copper as well as
issue shares of Falcon during the month of August.  Falcon and
Canyon Copper have executed a Limited Forbearance Agreement that
extends the August 2015 cash and lease payments ($50,000) and
unpatented claim payments (approx. US$30,000) to September 30,
2015.  In consideration, Falcon has agreed to issue prematurely,
500,000 shares to Canyon Copper in August 2015 due in August 2016.

Director Resignation

The Company disclosed that Jamie Lavigne, P.Geo, a co-founder of
Falcon, has resigned as a Director and Chief Geologist of the
Company.  The Company thanks Mr. Lavigne for his work and wishes
him well in his future endeavors.

                    About Falcon Gold Corp.

Falcon is a Canadian mineral exploration company focused on
generating, acquiring, and exploring opportunities in North
America.  Falcon has the right to earn up to an 80% interest in the
New York Canyon copper property from Canyon Copper.  Located in
western Nevada, the property consists of 21 patented claims
covering 420 acres (170 hectares) and 190 unpatented claims
covering an area of approximately 3,800 acres (1,520 hectares).  It
has been subject to 214 drill holes totaling approximately 39,000
meters to date.

Falcon also holds a 100% interest in the Washington Silver project
that includes the past producing Silver Bell mine located in the
Republic Mining District, northeastern Washington, USA.  Previous
drilling by Falcon has demonstrated the high grade potential of
this silver project with an intersection of 167 grams per tonne
(g/t) Ag over 36.5 m including a high grade intercept of 511.57 g/t
Ag and 0.83 g/t Au over 9.14 m.



FREEDOM INDUSTRIES: Plan Goes to Creditors for Voting
-----------------------------------------------------
Bill Rochelle, a bankruptcy columnist for Bloomberg News, reported
that 18 months after a leaking chemical tank made much of West
Virginia's water undrinkable, creditors of Freedom Industries Inc.
can vote on the company's Chapter 11 plan after U.S. Bankruptcy
Judge Ronald G. Pearson in Charleston, West Virginia, signed an
order approving disclosure materials explaining the plan.

According to the report, the confirmation hearing for approval of
the plan will take place on Oct. 2.

The Plan revolves around a Settlement Agreement, which provides a
mechanism to assure adequate funding to complete remediation of the
Etowah River Terminal site, while also representing a critical step
toward the Debtor's effort to confirm a plan of liquidation case
and enhancing the recoveries of creditors.

Under the settlement, Freedom will provide a broad release to the
Chemstream family of companies in exchange for: (a) Chemstream's
contribution of $1,100,000 in cash, $250,000 of which will be
available upon entry into the Settlement Agreement; (b)
Chemstream's assignment of its right, title and interest in and to
the approximately $2,720,000 in remaining Escrow Funds; (c)
Chemstream's release of and (d) an agreement with the
WVDEP regarding a mechanism, procedure and funding amount for
completing remediation and obtaining a certificate of completion
for the Etowah River Terminal site.

The Associated Press reported that West Virginia regulators are
concerned that construction debris found buried at the site of the
2014 chemical spill could make it easier for contaminated water to
flow deeper into the soil.  According to AP, Cora Environmental
Services, a contractor working on a cleanup of the Freedom
Industries site in Charleston, found the debris in a fill area that
was thought to contain rock, said Dave Long, project manager for
the Department of Environmental Protection's Office of
Environmental Remediation.

The fill area was being investigated because of concerns that
unconsolidated rocks would make it easy for contaminated water to
flow underground, AP related.  The construction debris, consisting
mostly of old bricks, could be an even more likely "path of
resistance" for contamination, Long said, according to AP.

                      About Freedom Industries

Freedom Industries Inc. is engaged principally in the business of
producing specialty chemicals for the mining, steel and cement
industries.  The Debtor operates two production facilities located
in (a) Nitro, West Virginia; and (b) Charleston, West Virginia.

The company, connected to a chemical spill that tainted the water
supply in West Virginia, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Case No. 14-bk-20017) on Jan.
17, 2014.  The case is assigned to Judge Ronald G. Pearson.
The petition was signed by Gary Southern, president.

The Debtor is represented by Mark E Freedlander, Esq., at McGuire
Woods LLP, in Pittsburgh, Pennsylvania; and Stephen L. Thompson,
Esq., at Barth & Thompson, in Charleston, West Virginia.

On Dec. 31, 2013, four companies merged under the umbrella of
Freedom Industries: Freedom Industries Inc., Etowah River Terminal
LLC, Poca Blending LLC and Crete Technologies LLC.

As reported in the Troubled Company Reporter on Feb. 20, 2014,
Kate White, writing for The Charleston Gazette, reported that the
Debtor disclosed $16 million in assets and $6 million in
liabilities when it filed for bankruptcy.

On Feb. 5, 2014, the U.S. Trustee appointed an official committee
of unsecured creditors.  The Committee retained Frost Brown Todd
LLC as counsel.

On March 18, 2014, the Bankruptcy Court approved the hiring of
Mark Welch at Morris Anderson in Chicago as Freedom's chief
restructuring officer.

                            *     *     *

U.S. Bankruptcy Judge Ronald Pearson on May 13, 2015, entered an
order denying Freedom Industries Inc.'s bid to move forward with
its Plan of Liquidation dated April 30, 2015.

The judge sustained the objection of the West Virginia Department
of Environmental Protection ("WVDEP"), which strongly took issue
with the Plan's treatment of environmental remediation and argued
that the Plan did not provide for adequate funding in that regard.

The Plan is a result of negotiations with: (a) the Official
Committee of Unsecured Creditors, which is comprised of trade
creditors, spill claim creditors and the West Virginia-American
Water Company ("WVAWC"), (b) counsel to certain class action
claimants, including those representing parties in what is
referred to in the Plan as the Bar 101 Case and the Good Case, (c)
the current equity owner of the Debtor and affiliated parties, (d)
Gary Southern and affiliated parties, (e) Dennis Farrell, William
Tis and Charles Herzing and their respective affiliated parties,
who collectively are the former owners and board members of
Freedom.   However, absent from the list of parties coming to
affirmative agreement under the Plan was the WVDEP.


FREESCALE SEMICONDUCTOR: Fitch Keeps 'B+' LT IDR on Watch Positive
------------------------------------------------------------------
Fitch Ratings maintains Freescale Semiconductor, Inc. on Rating
Watch Positive in anticipation of the company's planned merger with
NXP Semiconductor N.V. (NXP). This rating action affects $5.3
billion of total debt for Freescale, including the revolving credit
facility (RCF).

This press release and the maintenance of the Rating Watch is in
accordance with Fitch's guidelines related to the review of Rating
Watch status. They follow Fitch's placement of the company's
ratings on Watch Positive on March 2, 2015.

KEY RATING DRIVERS

Upon consummation of the merger, Fitch expects to resolve the Watch
Positive and upgrade Freescale's ratings to high-'BB' or low-'BBB',
equal to the level at which Fitch would rate the combined entity.
Fitch believes the post-merger entity will have strong positions in
growing markets, a credible cost reduction roadmap to support
profit margin expansion and strong annual free cash flow (FCF)
providing a clear path for strengthened credit protection measures
from debt reduction.

Fitch expects low- to mid-single digit organic revenue growth over
the intermediate term for the combined entity, which will be a high
performance mixed signal semiconductor supplier with number one
market share in automotive semiconductors, microcontrollers, and
radio frequency (RF) power. The company should benefit from
increasing electronics content and unit growth in automotive and
demand for secure connectivity across applications ranging from
government documents to electronic payment systems.

Fitch expects $500 million of run rate annual synergies (comprised
of increased buying power and elimination of duplicate
administrative functions) will drive profitability expansion for
the combined entity. Fitch expects operating EBITDA margins will
remain in the high-20s, versus Freescale's standalone margin in the
mid-20s. In conjunction with solid revenue growth, Fitch expects
$1.5 billion to $2 billion of annual FCF, which the company will
use mainly for debt reduction in the near term. Upon achieving a
target net leverage of 2x, Fitch expects shareholder returns may
intensify.

Fitch expects credit protection measures will strengthen in 2016
and remain solid. Total leverage (total debt to operating EBITDA)
for the combined entity below 3x in 2016 from debt reduction with
FCF, versus roughly 3x at the merger's close. Fitch expects
Interest Coverage (operating EBITDA to gross interest expense) of
more than 10x exiting 2016, versus high single digits at closing.

Freescale entered into a definitive agreement to merge with NXP in
a transaction valuing Freescale's equity at $11.8 billion. NXP will
fund the transaction with a combination $1 billion of available
cash, $1 billion of new debt and stock that will give Freescale
shareholders just below 32% ownership of the combined company. The
deal is expected to close in the fourth quarter of 2015 and has
been approved by the boards and shareholders of both companies. The
deal has been cleared by all regulators with the exception of the
Euro zone.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for combined entity
include:

-- The merger is completed in the fourth quarter of 2015;

-- Revenue growth in the low to mid-single digits over the
    intermediate term, from growing automotive electronics content

    and increased secured connectivity penetration;

-- Operating EBIT margin in the mid- to high-20s, driven by
    higher revenues and cost savings from headcount reductions and

    increased purchasing power;

-- $1.5 billion to $2 billion of annual FCF, which the company
    will use for debt reduction until net leverage reaches 2x in
    2016.

RATING SENSITIVITIES

Fitch believes positive rating action will occur upon consummation
of the merger, potentially resulting in a Long-Term IDR of 'BB+' or
'BBB-'.

Negative rating actions, including stabilization of the Long-Term
IDR at 'B+', could occur if the proposed merger falls through, and
Fitch expects standalone Freescale's FCF to fall short of
expectations of $250 million.

LIQUIDITY

Pro forma for the merger, Fitch expects liquidity to be solid and
supported by:

-- $1 billion to $2 billion of cash and cash equivalents, the
    vast majority of which will be readily available given NXP's
    European domicile;

-- An undrawn $600 million senior secured credit facility
    expiring 2020, which will be secured on a super priority
    basis.

Fitch's expectation for $1.5 billion to $2 billion of FCF also
supports liquidity.

Fitch estimates total debt at consummation of $8 billion to $9
billion and will include i) $1.5 billion to $2 billion of senior
secured term loan B, incremental borrowings to fund the
acquisition; ii) $1.5 billion of senior secured notes from
Freescale; and roughly $5.2 billion of existing NXP debt.

FULL LIST OF RATING ACTIONS

Fitch maintains the following ratings on Rating Watch Positive:

Freescale

-- Long-term IDR 'B+';
-- Senior secured bank revolving credit facility 'BB-/RR3';
-- Senior secured term loans 'BB-/RR3';
-- Senior secured notes 'BB-/RR3'.



HEALTHSOUTH CORP: CareSouth Deal No Impact on Moody's 'Ba3' CFR
---------------------------------------------------------------
Moody's Investors Service commented that the announcement that
HealthSouth Corporation has entered into a definitive agreement to
acquire the home health agency operations of CareSouth Health
System, Inc. has no immediate impact on HealthSouth's Ba3 Corporate
Family Rating or negative outlook.  CareSouth operates 45 home
health locations in seven states and will be integrated into
HealthSouth's Encompass Home Health operating unit.  Moody's
understands that the $170 million purchase price will be funded
with a combination of available cash and senior secured borrowings,
including HealthSouth's recently established delayed draw term loan
and $600 million revolving credit facility.  The acquisition is
expected to close in the fourth quarter of 2015.


HERTZ CORP: S&P Affirms 'B1' Corp. Family Rating, Outlook Stable
----------------------------------------------------------------
Moody's Investors Service affirmed the ratings of The Hertz
Corporation, including the Corporate Family Rating (CFR) at B1,
secured credit facility at Ba1, senior unsecured debt at B2 and
Speculative Grade Liquidity rating at SGL-3.  The outlook is
stable.

RATINGS RATIONALE

Moody's anticipates that Hertz will reestablish its position within
the global car rental sector as it continues to implement a number
of operational and strategic initiatives, including: annual cost
savings of $200 million during 2015 and an additional $100 million
during 2016, better capitalizing on the value-brand market position
of Dollar Thrifty (acquired late 2012), and divesting HERC (the
equipment rental business).  These build on recent actions, which
the company should continue to capitalize on, which include:
reducing the age of its car rental fleet (largely completed),
maintaining a better alignment between its car rental fleet size
and retail demand, and installing a new senior management team.
These initiatives should help Hertz recover from the erosion in
competitive position that occurred during the past year as it
allowed its auto fleet to age beyond a competitive level, and as it
worked to address accounting errors and file current financial
statements.

Moody's expects that the planned spin off of HERC (sometime in
2016) will position Hertz to focus solely on its strength in the US
and international car rental market.  In addition, Hertz will
likely receive a farewell dividend upon the spin off of HERC, with
proceeds used to fund share repurchases and debt reduction.
Post-spin, Hertz is targeting year-end leverage of 2.5x to 3.5x, as
measured by Hertz as net corporate debt to corporate EBITDA, as
defined.  This would represent a sizable reduction from the 2014
year-end level.

Because of the substantial amount of funds that Hertz must raise
each year to underwrite vehicle purchases, maintaining an adequate
liquidity profile is essential.  At June 2015 the company's
liquidity profile is adequate and includes: $537 million in
unrestricted cash; a $2.1 billion ABL facility (stepping down to
$1.9 billion in March 2016); ongoing access to the term ABS market;
and, approximately $6.5 billion in US rental car variable funding
note (VFN) programs.  The company has minimal amounts of corporate
debt maturing during the next twelve months.  However, the $6.5
billion VFN, which is heavily utilized to fund Hertz's US rental
car fleet, matures in October 2016.  Despite the twelve-month
adequacy of Hertz's liquidity position, the company's ongoing need
to access the debt and ABS markets to fund fleet purchases,
combined with its periodic need to replace very large facilities
such as the $6.5 billion US rental car VFN, remains an area of
potential risk.

For the last twelve months through June 2015, Hertz's key financial
metrics (reflecting Moody's standard adjustments) include:
debt/EBITDA of 4.4x; EBITDA/interest of 5.9x; and pre-tax
earnings/sales of negative 0.8%.

The stable outlook reflects Moody's view that, as Hertz implements
its revitalization program, the company will benefit from the
oligopolistic structure in the North American car rental industry
that has only three major participants -- Hertz, Avis and
Enterprise.  Moreover, Hertz's plan for restoring its competitive
position and growing revenues is viable.  However, the company will
face execution challenges given the breadth of its initiatives and
the recent installation of new personnel at essentially all senior
management positions.

Any upward movement in Hertz's rating would require the company
show clear progress in achieving its strategic initiatives that
include: harvesting the targeted cost savings; maintaining fleet
size in line with demand; spinning off HERC; reducing debt with the
HERC proceeds; and, maintaining an adequate liquidity profile.
Metrics that could support a higher rating include expectation of
year end debt/EBITDA below 3x; pre-tax income/sales remaining above
7%; and EBITDA/interest exceeding 5x (after Moody's standard
adjustments).

Metrics that could pressure Hertz's rating include: year-end
debt/EBITDA above 5x; pre-tax income/sales remaining below 5%; and
EBITDA/interest below 3x.

Ratings affirmed:

Hertz Corporation (The)

Corporate Family Rating at B1
Probability of Default Rating at B1-PD
Senior secured term loans at Ba1 (LGD2)
Senior unsecured notes at B2 (LGD5)
Speculative Grade Liquidity Rating at SGL-3

Hertz Corporation (The) (Old)

Promissory notes at B3 (LGD6)

Hertz Holdings Netherlands BV

Senior notes at B2 (LGD5)

The principal methodology used in these ratings was Equipment and
Transportation Rental Industry published in December 2014.

Hertz Corporation, based in Naples, Florida, is the second-largest
car rental company in the world.



HRP INVESTMENTS: Case Summary & 6 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: HRP Investments, LP
        3400 North McColl
        McAllen, TX 78501

Case No.: 15-70449

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: August 31, 2015

Court: United States Bankruptcy Court
       Southern District of Texas (McAllen)

Debtor's Counsel: Adolfo Campero, Jr., Esq.
                  CAMPERO & ASSOCIATES, P.C.
                  315 Calle Del Norte, Ste 207
                  Laredo, TX 78041
                  Tel: 956-796-0330
                  Fax: 956-796-0399
                  Email: acampero@camperolaw.com

Total Assets: $2.2 million

Total Liabilities: $8.7 million

The petition was signed by Carlos Holt, manager to Debtor's general
partner.

A list of the Debtor's six largest unsecured creditors is available
for free at http://bankrupt.com/misc/txsb15-70449.pdf


IAMGOLD CORP: S&P Cuts Issue-Level Rating to 'B', Outlook Stable
----------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its long-term
corporate and issue-level ratings on Toronto-based gold producer
IAMGOLD Corp. to 'B' from 'B+'.  The '4' recovery rating on the
company's unsecured notes is unchanged.  The '4' recovery rating
reflects S&P's view of average (30%-50%; lower half of the range)
recovery in a simulated default scenario.  The outlook is stable.

"The downgrade primarily reflects our expectation that IAMGOLD will
generate core credit ratios commensurate with a highly leveraged
financial risk profile over the next two years," said Standard &
Poor's credit analyst Jarett Bilous.

S&P revised its gold price assumption over this period, which
primarily accounts for the weaker than previously expected core
credit ratios over the next two years.  S&P's revised earnings and
cash flow estimates for the company follow the lowering of S&P's
gold price assumption.

Standard & Poor's views IAMGOLD's business risk profile as
"vulnerable" and its financial risk profile as "highly leveraged,"
which results in a 'b-' anchor score.  S&P revised its financial
risk assessment from "aggressive" primarily to reflect the increase
in expectation for adjusted leverage ratios, which are calculated
on a gross debt basis.  S&P also considers IAMGOLD's liquidity
position as "strong," which primarily reflects the company's
significant cash position and increases the anchor score by one
notch.  This results in a 'B' final rating.

S&P bases its "vulnerable" business risk assessment primarily on
IAMGOLD's limited operating diversity and higher cost structure
relative to that of its rated peer group.  The company is highly
reliant on its Essakane (Burkina Faso) and Rosebel (Suriname) mines
for the vast majority of production and earnings.

"Our "highly leveraged" financial risk assessment of IAMGOLD
reflects our view that the company's core credit ratios will remain
weaker than our previous expectations over the next two years,
which mainly reflects the downward revision to our gold price
assumption.  We now expect gold prices to average US$1,150 per
ounce for the rest of 2015 through 2017 compared with US$1,200 per
ounce previously.  While the reduction is modest, IAMGOLD's credit
ratios are highly sensitive to small changes in gold
prices--particularly on the downside.  We now estimate adjusted
debt-to-EBITDA, calculated on a gross basis (no netting of cash),
above 5x in 2015 and 2016.  Our adjusted debt totals also include
estimated asset retirement obligations," S&P said.

The stable outlook reflects S&P's view that IAMGOLD will generate
core credit ratios consistent with a "highly leveraged" financial
risk profile over the next two years, including adjusted
debt-to-EBITDA above 5x.  S&P's outlook also reflects its
expectation that the company will maintain "strong" liquidity.

A downgrade could result from a change in S&P's liquidity
assessment to "adequate." from "strong."  In this scenario, S&P
would expect available cash to sharply decline following a material
acquisition or higher-than-expected free cash flow deficits from a
severe drop in gold prices.

S&P would consider an upgrade if the company generated an adjusted
debt-to-EBITDA sustainably below 4x.  In this scenario, S&P would
expect the company to significantly reduce debt or steadily improve
operating costs assuming no change in S&P's gold price assumption.



LEHMAN BROTHERS: Bankr. Court Has Jurisdiction Over "Ruby" Deal
---------------------------------------------------------------
Judge Shelley C. Chapman of the United States Bankruptcy Court for
the Southern District of New York granted Shield Securities
Limited's motion to dismiss an adversary proceeding for lack of
personal jurisdiction, but held that the Bankruptcy Court has in
rem jurisdiction and concomitant adjudicatory authority over the
property at issue in the dispute and will exercise that
jurisdiction.

Lehman Brothers Special Financing Inc., a wholly-owned subsidiary
of Lehman Brothers Inc. and an indirect subsidiary of Lehman
Brothers Holdings Inc., initiated an adversary proceeding against
certain investment vehicles, trustees, and noteholders who had
participated in certain transactions involving credit default swap
agreements.  In each of these transactions, LBSF and the noteholder
held competing interests in collateral securing an issuer's
obligations to LBSF under a credit default swap and a noteholder
under a credit-linked synthetic portfolio note.  The transaction
documents for these transactions include provisions that govern the
priority of payment from the liquidation of that collateral, which
entitle the relevant noteholder or noteholders, under certain
circumstances, to receive distributions from the liquidation of the
collateral prior to LBSF.  LBSF brought the action to obtain a
declaratory judgment that the so-called priority of payment
provisions are unenforceable ipso facto clauses and to avoid
distributions made to noteholders pursuant to those provisions.

As between LBSF and Shield, the adversary proceeding concerns the
so-called Ruby Transaction, which culminated in an approximately
$41 million distribution to Shield after the bankruptcy filings of
LBHI and LBSF. LBSF now seeks to recover that distribution.

Shield argues that it does not have minimum contacts with the
United States and that, therefore, the exercise of jurisdiction
over it would not comport with "traditional notions of fair play
and substantial justice.” The Ruby Transaction, says Shield,
involved Lehman Brothers International (Europe), an English entity,
approaching N.M. Rothschild & Sons Limited, also an English entity,
to enter into a transaction governed by English and Irish law, with
collateral held by an English trustee. All of the negotiations and
discussions leading to Shield's ownership of the Ruby Note occurred
in the United Kingdom among English and Irish counterparties under
English and Irish law. When the transaction was terminated, the
proceeds of the collateral were distributed from an English bank
account. Aside from its attenuated connection to LBSF through the
Ruby Transaction, Shield argues that it has no other connection to
the United States.

LBSF submits that Shield's limited contact with the United States
is merely a product of its status as an investment holding vehicle.
To LBSF, Shield is a "piece of paper in a file somewhere that holds
assets" and "to say that Shield is immune from jurisdiction because
it has no contacts is to elevate form over substance." LBSF argues
that Shield's purposeful act of terminating the Swap had
foreseeable effects in the United States, and that act was
sufficient to establish Shield's minimum contacts with the United
States. Moreover, LBSF alleges that Shield's post-petition
termination of the Swap violated the automatic stay, which, in
LBSF's view, provides additional support for the exercise of
jurisdiction. Finally, LBSF contends that the Court need not engage
in the minimum contacts analysis because the Court need only look
to the New York long-arm statute to find jurisdiction over Shield.

Judge Chapman held that Shield's contacts with the United States
are too limited to support the assertion of personal jurisdiction
over Shield. Judge Chapman further held that the Transaction
Documents and LBSF's security interest in the collateral were
property of the estate as of the LBSF Petition Date and are subject
to the Court's in rem jurisdiction. She adds that the property at
issue is indeed property of the estate, that property need not be
physically situated in the United States, and Shield need not have
minimum contacts with the United States for the Court to exercise
in rem jurisdiction over the property at issue.

The bankruptcy is In re: LEHMAN BROTHERS HOLDINGS INC., et al.,
Chapter 11, Debtors, Case No. 08-13555 (SCC)(Bankr. S.D.N.Y.).

The adversary proceeding is LEHMAN BROTHERS SPECIAL FINANCING INC.,
Plaintiff, v. BANK OF AMERICA NATIONAL ASSOCIATION, et al.,
Defendants, Adversary Proceeding No. 10-03547 (SCC)(Bankr.
S.D.N.Y.

A full-text copy of Judge Chapman's Memorandum Decision dated
August 24, 2015 is available at http://is.gd/GRjU82from
Leagle.com

Lehman Brothers Special Financing Inc. is represented by:

          Paul R. DeFilippo, Esq.
          William F. Dahill, Esq.
          Joanna Schorr, Esq.
          WOLLMUTH MAHER & DEUTSCH LLP
          500 5th Ave, #12
          New York, NY 10110
          Telephone: (212)382-3300
          Facsimile: (212)382-0050
                 
Shield Securities Limited is represented by:

          Timothy P. Harkness, Esq.
          David Livshiz, Esq.
          Abbey Walsh, Esq.
          Shannon Leitner, Esq.
          FRESHFIELDS BRUCKHAUS DERINGER US LLP
          601 Lexington Avenue
          31st Floor
          New York, NY 10022
          Telephone: (212)277-4000
          Facsimile: (212)277-4001
          Email: timothy.harkness@freshfields.com
                 david.livshiz@freshfields.com
                 abbey.walsh@freshfields.com
                 shannon.leitner@freshfields.com

                   About Lehman Brothers

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

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

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

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

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

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

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

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

As of Oct. 2, 2014, Lehman's total distributions to unsecured
creditors have amounted to $92.0 billion.  As of Sept. 30, 2014,
the brokerage trustee has substantially completed customer claims
distributions, distributing more than $106 billion to 111,000
customers.


LENNAR CORP: S&P Affirms 'BB' Corp. Credit Rating
-------------------------------------------------
Standard & Poor's Ratings Services affirmed its ratings, including
its 'BB' corporate credit rating, on Lennar Corp.  S&P also revised
its assessment of the company's liquidity to strong from adequate.
The outlook is stable.

S&P's revision of Lennar's liquidity profile assessment is based on
the company's robust liquidity sources relative to its uses. The
revision has no effect on the issue-level ratings.

"The stable outlook reflects our expectation that market conditions
for Lennar will remain broadly favorable over the next 12 months
and that the company will reduce its spending for land, enabling it
to achieve further significant improvement in credit protection
measures, with debt to EBITDA remaining comfortably below 4x," said
Standard & Poor's credit analyst Maurice Austin.

S&P could lower the rating if debt to EBITDA remained above 4x.
This could occur as a result of some combination of difficult
market conditions, operating setbacks, or increased debt, resulting
in at least a 250-basis-point decline in gross margins.

S&P currently views an upgrade as unlikely within the next year.
However, S&P would reassess its view if the company took actions to
deleverage the capital structure, such that S&P came to expect debt
to EBITDA to be less than 3x on a sustained basis, commensurate
with an "intermediate" financial risk profile.



LOYALIST GROUP: Receives Default Notice for Forbearance Breach
--------------------------------------------------------------
Loyalist Group Limited on Aug. 31 disclosed that on August 28,
2015, the Company received a notice of default letter from Bank of
Montreal pertaining to a financial covenant breach in the
Forbearance Agreement.

The letter provides notice that negative variances to the weekly
and accumulative cash flows occurred during the weeks of August 12,
2015 and August 19, 2015.  These negative variances between actual
cash flow and the projected cash flows are in excess of the
allowable maximum of $250,000 as per section 33(b) of the
Forbearance Agreement.  Management notes that the accumulative
negative cash flow variance was rectified during the week ended
August 28, 2015.

BMO has not taken any enforcement action in relation to the breach.
The Company is currently working with BMO in order to submit a
revised cash flow projection which management anticipates will be
utilized by BMO during the forbearance period.  The Company will
issue a Press Release following completion of the revised cash flow
projection and acceptance by BMO.

The revised cash flow projection to be submitted for the
Forbearance Agreement is expected to incorporate cost savings
outlined in the Optimization Plan and a lower revenue forecast as
disclosed in the Company's Management Discussion & Analysis for the
Second Quarter of 2015.

"While the Company's cash expenditures have been tightly managed
since we entered into Forbearance in late June 2015, the negative
cash flow variances were primarily driven by weaker than
anticipated collection of account receivables during August.  We
are accelerating our efforts to implement processes and controls
designed to improve monitoring and collection of receivables as
part of our Optimization Plan," said Shawn Klerer, Chief Executive
Officer.

                        About Loyalist

Loyalist owns and operates private English as a Second Language
(ESL) Schools, Career Colleges and Community Colleges in Toronto,
Vancouver, Victoria and Halifax.



LUCA INTERNATIONAL: SEC Seeks Receiver After Ch. 11 Filing
----------------------------------------------------------
Bill Rochelle, a bankruptcy columnist for Bloomberg News, reported
that the U.S. Securities and Exchange Commission takes the position
that the so-called automatic stay imposed in the Chapter 11 case of
oil and gas producer Luca International Group LLC does not preclude
the appointment of a receiver in a separate federal court civil
enforcement action.

According to the report, Luca filed its petition on Aug. 6, the day
before its papers were due in the SEC's California suit begun in
July for appointment of a receiver.  The receivership motion was
set for hearing on Sept. 2, the report noted.

                     About Luca International

Luca International Group LLC and Luca Operation, LLC, and their
affiliates are engaged in the exploration and production of
natural
gas, petroleum and related hydrocarbons.  The primary assets are
located in Iberville and Ascension Parishes in Louisiana.  These
assets include 3 operating oil and gas wells -- Belle Grove 1,
Dugas & Leblanc 1 and Jumonville 2.  In addition, the assets
include a water disposal well, Acosta 1, and a shut-in-oil and gas
well, Jumonville 1.  The Luca entities also own oil and gas leases
in Texas and working interests in various locations.  The Luca
entities are owned by Bingqing Yang.

Luca International Group and 11 related entities sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 15-34221) in Houston,
Texas, on Aug. 6, 2015.  The cases are assigned to Judge David R.
Jones.

The Debtors tapped Hoover Slovacek, LLP, as counsel, and BMC
Group,
Inc., as claims agent.

Luca International estimated $50 million to $100 million in assets
and debt.

The petitions were signed by Loretta R. Cross, the CRO.


MAC-ACCESS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Mac-Access Corp.
        10800 Biscayne Blvd.
        Miami, FL 33161

Case No.: 15-25846

Chapter 11 Petition Date: August 31, 2015

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Hon. Robert A Mark

Debtor's Counsel: Nicholas B. Bangos, Esq.
                  NICHOLAS B. BANGOS, P.A.
                  100 SE 2nd Street, Suite 3400
                  Miami, FL 33131
                  Tel: 305.375.9220
                  Fax: 305.375.8050
                  Email: nbangos@diazreus.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Maximo V. Mullich, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flsb15-25846.pdf


MAJESTIC STONE: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Majestic Stone Inc.
        6219 Ogden Road
        Dayton, TN 37321

Case No.: 15-13798

Chapter 11 Petition Date: August 31, 2015

Court: United States Bankruptcy Court
       Eastern District of Tennessee (Chattanooga)

Judge: Hon. Shelley D. Rucker

Debtor's Counsel: David J. Fulton, Esq.
                  SCARBOROUGH & FULTON
                  701 Market Street, Suite 1000
                  Chattanooga, TN 37402
                  Tel: 423- 648-1880
                  Fax: (423) 648-1881
                  Email: djf@sfglegal.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Russell David Zollinger, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/tneb15-13798.pdf


MANISTIQUE PAPERS: Debtor and Committee Dismiss Case
----------------------------------------------------
The Hon. Kevin J. Carey of the U.S. Bankruptcy Court for the
District of Delaware dismissed the Chapter 11 case of Manistique
Papers Liquidation Company, Inc.

The Court also ordered that the Debtor's funds in the amount of
$619,440 will be distributed on a pro rata basis among the approved
claims for professional fees and the administrative claims.

The Debtor and the Official Committee of Unsecured Creditors
requested that the Court dismiss the case, or in the alternative,
convert the case to a case under Chapter 7 of the Bankruptcy Code.

Ashby & Geddes, P.A., Committee' co-counsel, filed on Aug. 13,
2015, certification noting that no parties objected to the motion.

As reported in the Troubled Company Reporter on July 8, 2015, the
Debtor's counsel, Daniel B. Butz, Esq., at Morris, Nichols, Arsht &
Tunnell LLP, in Wilmington, Delaware, told the Court that the
Debtor and the Committee believe that the Debtor is substantially
current in its obligations to pay the U.S. Trustee Fees.  Mr. Butz
said any outstanding U.S. Trustee Fees will be paid.  He further
told the Court that the Debtor currently has funds of $619,440
available for distribution and proposes to pay these funds on a pro
rata basis among the remaining approved claims for professional
fees and the two allowed administrative claims.

Mr. Butz added that because the assets of the Debtor's estate
arelimited and priority and general unsecured claims will not
receive any distribution, the Committee does not propose to
continue to undertake an extensive claims reconciliation process.

Mr. Butz related that the Debtor no longer conducts any business
and has no remaining assets that could be used to satisfy the
claims of any class of creditors other than the U.S. Trustee Fees,
the Professional Fee Claims and the Claims Agent Fees and, on a pro
rata basis only, the Administrative Claims.  Meanwhile, additional
expenses, like professional fees and  U.S. Trustee fees, continue
to accrue each day the Chapter 11 case remains open, resulting in a
continuing loss to the Debtor's estate, Mr. Butz told the Court.
Mr. Butz asserted that it is simply impossible for the Debtor to
rehabilitate its business because the Debtor has transferred all of
its assets and has ceased operations.

                      About Manistique Papers

Manistique Papers Inc. operates a landfill in Manistique, Michigan,
whereby residuals resulting from paper production are deposited. It
owns a 125,000 ton-a-year plant making specialty papers from
recycled fiber.

Manistique Papers filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 11-12562) on Aug. 12, 2011.  Godfrey &
Kahn, S.C. represented the Debtor in its restructuring effort.
Morris, Nichols, Arsht & Tunnell LLP served as its Delaware
bankruptcy co-counsel. Vector Consulting, L.L.C., served as its
financial advisor. Baker Tilly Virchow Krause, LLC, served as its
accountant.

The Official Committee of Unsecured Creditors appointed in the case
is represented by Lowenstein Sandler PC as lead counsel and Ashby &
Geddes, P.A., as Delaware counsel. J.H. Cohn LLC serves as the
panel's financial advisor.

Manistique Papers disclosed $19,688,471 in assets and $24,633,664
in liabilities as of the Chapter 11 filing.



MANTUA GARDENS: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Mantua Gardens East, Inc.
        608 N. 32nd Street
        Philadelphia, PA 19104-2013

Case No.: 15-16228

Chapter 11 Petition Date: August 31, 2015

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Jean K. FitzSimon

Debtor's Counsel: Dimitri L. Karapelou, Esq.
                  LAW OFFICES OF DIMITRI L. KARAPELOU, LLC
                  Two Penn Center
                  1500 JFK Boulevard, Suite 920
                  Philadelphia, Pa 19102
                  Tel: 215 - 391 - 4312
                  Fax: 215-701-8707
                  Email: dkarapelou@karapeloulaw.com

                    - and -

                  Rebecca K. McDowell, Esq.
                  LAW OFFICES OF DIMITRI L. KARAPELOU, LLC
                  Two Penn Center
                  1500 JFK Boulevard, Suite 920
                  Philadelphia, PA 19102
                  Tel: 215-391-4313
                  Fax: 215-701-8707
                  Email: rmcdowell@karapeloulaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by James Grier, president.

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


NEP GROUP: Moody's Retains 'B2' CFR Over CMI Acquisition
--------------------------------------------------------
Moody's Investors Service says NEP Group Inc's acquisition of
Consolidated Media Industries, B.V. ("CMI") for $101.9 million in
cash has no immediate impact on the credit ratings (NEP/NCP Holdco,
Inc. B2 CFR; B1 1st Lien Term Loan, Caa1 2nd Lien Term Loan).  CMI,
headquartered in Netherlands, operates DutchView (remote production
and studio production in Northern Europe) and Infostrada Creative
Technologies (creation, management and distribution of video
content).  The transaction, while not affecting credit ratings,
will in the near term constrain the company's liquidity profile and
incrementally increase leverage.

NEP/NCP Holdco, Inc. (NEP) provides outsourced media services
necessary for the delivery of live broadcast of sports and
entertainment events to television and cable networks, television
content providers, and sports and entertainment producers.  Its
major customers include television networks such as ESPN, and key
events it supports include the Super Bowl, the Olympics and
sporting events such as Major League Baseball and Sky and Scottish
Premier League football, as well as entertainment shows such as
American Idol and The Voice.  The company's majority owner is
Crestview Partners which acquired the company from American
Securities Capital Partners on Dec. 23, 2012.  NEP maintains its
headquarters in Pittsburgh, Pennsylvania.



NEW YORK TIMES: S&P Revises Outlook to Pos. & Affirms 'B+' CCR
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it revised its rating
outlook on New York City-based The New York Times Co. to positive
from stable and affirmed its 'B+' corporate credit rating on the
company.

S&P's 'BB' issue-level and '1' recovery ratings on the company's
6.625% senior notes remain unchanged.  The '1' recovery rating
indicates S&P's expectation for very high recovery (90%-100%) of
principal in the event of a payment default.

"The outlook revision to positive reflects our increasing
confidence that The New York Times will continue to prudently
manage its balance sheet and reduce leverage," said Standard &
Poor's credit analyst Minesh Patel.  "It also reflects our
base-case scenario that the company will repay its remaining
interest bearing debt liability -- the 6.625% senior notes due
December 2016 -- at maturity with cash on hand, as well as S&P's
forecast that adjusted leverage will decline to 3.7x as of the
fiscal year ending Dec. 25, 2016, from 4.5x as of the 12 months
ended June 28, 2015."  Thereafter, S&P forecasts that adjusted
leverage will remain in the high-3x to low-4x area.  (S&P's ratios
include its standard adjustments, such as S&P's pension, other
retirement benefits, and pension withdrawal liabilities
adjustments, which increases reported debt by more than 100%.)

If the company repays its 6.625% senior notes with cash on hand,
its debt liabilities will primarily consist of the sale-leaseback
real estate repurchase option and its large pension and post
retirement obligations.

The 'B+' corporate credit rating on The New York Times reflects
S&P's assessment of the company's business risk profile as "weak"
and its financial risk profile as "aggressive."

S&P could raise the corporate rating one notch to 'BB-' over the
next 12-18 months if the company continues to effectively increase
online revenues, boost subscriber growth, and build brand
engagement, while maintaining EBITDA margins and cash flow
generation, by removing S&P's negative comparable rating modifier.

S&P would consider a downgrade if the decline in the company's
newspaper ad revenue accelerate, leading to revenue, EBITDA, and
discretionary cash flow declines.  S&P could also lower the rating
if the company makes high-priced debt-financed acquisitions,
sizable share repurchases, or large dividends.



NORTHWEST HEALTH: Case Summary & 5 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Northwest Health Systems, Inc.
        2818 North Sullivan Rd, Suite 2E
        Spokane, WA 99216

Case No.: 15-02968

Chapter 11 Petition Date: August 31, 2015

Court: United States Bankruptcy Court
       Eastern District of Washington (Spokane/Yakima)

Judge: Hon. Frederick P. Corbit

Debtor's Counsel: Barry W Davidson, Esq.
                  DAVIDSON BACKMAN MEDEIROS PLLC
                  601 West Riverside Avenue, Suite 1550
                  Spokane, WA 99201
                  Tel: 509 624-4600
                  Fax: 509 623-1660
                  Email: cnickerl@dbm-law.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kevin D. King, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/waeb15-02968.pdf


ORLANDO, FL: S&P Raises Rating on 2008C 3rd Lien Bonds to 'CCC+'
----------------------------------------------------------------
Standard & Poor's Ratings Services has raised its ratings on
Orlando, Fla.'s series 2008A (first-lien) tourist development tax
(TDT) revenue bonds to 'BBB' from 'BB', series 2008B TDT
(second-lien) bonds to 'BBB-' from 'CCC', and 2008C TDT
(third-lien) bonds to 'CCC+' from 'CC'.  The outlook on all ratings
is stable.

"The rating actions reflect improving TDT collections, which secure
the bonds and have resulted in a steady decline in the amount of
reserves used to fund third-lien debt service payments," said
Standard & Poor's credit analyst Hilary Sutton.  "The revenue
environment has improved such that city officials expect TDT
receipts to fully cover 2015 debt service requirements across all
three liens."

In addition, officials expect excess TDT revenues in 2015, which
will allow the city to begin restoring the third-lien reserves to
required levels.  The upgrade also reflects S&P's view that the
risk of principal acceleration across all three liens -- a remedy
following an event of default under any single lien -- has
decreased due to the improving liquidity of the third lien.

Securing the bonds is a lien on net proceeds from the city's share
(50%) of the six-cent TDT enacted on Sept. 1, 2006, and levied on
each dollar charged for tourist rentals (hotel tax) within Orange
County.  The lien exists through the life of the bonds.  Also
included in pledged revenue is a $2.8 million annual installment
payment that will continue through November 2018.  The series A
bonds have a senior lien on the pledged revenues while the series B
and C bonds have second and third liens, respectively.

Countywide, the TDT revenue continues to exhibit growth mainly due
to increased tourist footfall driven by improvement in the overall
economy and new additions or expansions by the theme parks.



PACIFIC RECYCLING: Section 341 Meeting Set for Sept. 17
-------------------------------------------------------
There will be a meeting of creditors in the bankruptcy case of
Pacific Recycling, Inc. on Sept. 17, 2015, at 10:00 a.m. at USTE1,
US Trustee's Office, Eugene, 405 E 8th, Rm 1900.  Creditors have
until Dec. 16, 2015, to submit their proofs of claim.

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

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

Pacific Recycling, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. D. Ore. Case No. 15-62925) on Aug. 27, 2015.  The petition
was signed by Rodney Schultz as president.  The Debtor estimated
assets and liabilities of $10 million to $50 million.  Hon. Frank R
Alley III is assigned to the case.  Cable Huston LLP represents the
Debtor as counsel.


PATRIOT COAL: Gets Court Order Protecting Confidential Info
-----------------------------------------------------------
Patriot Coal Corp. obtained a court order that would allow the
company to share documents with UMWA 1974 Pension Plan and Trust to
facilitate labor negotiations while protecting information deemed
confidential.

The order was issued by Judge Keith Phillips of U.S. Bankruptcy
Court for the Eastern District of Virginia.

A copy of the protective order can be accessed for free at:

                       http://is.gd/KHC254

                        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.

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

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

The U.S. trustee overseeing the Chapter 11 case of Patriot Coal
Corp. appointed seven creditors of the company to serve on the
official committee of unsecured creditors.  The Committee is
represented by Morrison & Foerster LLP as its counsel, and
Tavenner & beran, PLC, as its local counsel.  Jefferies LLC serves
as its investment banker.

The court directed the U.S. Trustee to form an official committee
of retirees at the behest of Patriot Coal Non-Union Retiree VEBA.

                        *     *     *

The deadline to file bids for the Debtors' assets is Sept. 4, 2015,
at 5:00 p.m.  An auction will take place on Sept. 9, at 10:00 a.m.

Patriot Coal has filed with the Bankruptcy Court a letter of intent
for a proposed sale of a substantial majority of its operating
assets to Blackhawk Mining, LLC, as well as a motion outlining
bidding procedures.  Under the terms of the letter of intent,
Blackhawk would issue to Patriot's secured lenders new debt
securities totaling approximately $643 million plus Class B Units
providing them an ownership stake in Blackhawk.  In addition,
Blackhawk would assume or replace surety bonds supporting
reclamation and related liabilities associated with the purchased
assets.


PATRIOT COAL: To Raise $50 Million in Rights Offerings
------------------------------------------------------
Patriot Coal Corp. received approval from a bankruptcy judge to
conduct rights offerings to raise $50 million.

The order, issued by U.S. Bankruptcy Judge Keith Phillips, allowed
the coal producer to raise cash in two rights offerings to fund the
operations of a new company that will be formed under a deal with
Blackhawk Mining LLC.

The deal calls for the assumption by Blackhawk of some of Patriot
Coal's assets and debts through the formation of a new company.  

Patriot Coal's Chapter 11 reorganization plan filed on July 13 is
predicated on the Blackhawk deal, which, if consummated, would
deliver to the coal producer's secured creditors $650 million of
indebtedness.

Holders of claims tied to Patriot Coal's 2013 credit agreement who
will participate in the first rights offering will receive
subscription rights to purchase second lien term loan to be issued
by Blackhawk.  

The aggregate subscription price for the second lien term loan
offered for purchase in the first rights offering will be $19
million, court filings show.  

In the second rights offering, holders of claims tied to the coal
producer's 15.0% Senior Secured Second Lien PIK Toggle Notes due
2023 will receive subscription rights to purchase second lien term
loan and Class B membership interests representing 24% of the
aggregate equity of the new company.
   
The aggregate subscription price for the second lien term loan and
Class B membership interests offered for purchase in the second
rights offering will be $31 million, according to court filings.

Cortland Capital Market Services LLC, administrative agent for
Patriot Coal's pre-bankruptcy lender, had earlier criticized
certain aspects of the rights offerings, saying they "improperly"
implicate non-participating term lenders.

                        Backstop Agreement

In a related development, Judge Phillips is set to hear a motion
filed by the company to approve its agreement with a consortium of
creditors led by Knighthead Capital Management LLC to backstop the
rights offerings.

The bankruptcy judge will take up the motion at a hearing on Sept.
16 where he will also consider confirmation of Patriot Coal's
proposed restructuring plan.

Under the agreement, the Knighthead-led group will purchase any
second lien term loan or Class B membership interests that have not
been duly subscribed for pursuant to the rights offerings.

Last month, the U.S. trustee overseeing Patriot Coal's bankruptcy
case, filed an objection in which it criticized the company for not
disclosing the terms of the backstop agreement.

                        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.

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

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

The U.S. trustee overseeing the Chapter 11 case of Patriot Coal
Corp. appointed seven creditors of the company to serve on the
official committee of unsecured creditors.  The Committee is
represented by Morrison & Foerster LLP as its counsel, and
Tavenner & beran, PLC, as its local counsel.  Jefferies LLC serves
as its investment banker.

The court directed the U.S. Trustee to form an official committee
of retirees at the behest of Patriot Coal Non-Union Retiree VEBA.

                        *     *     *

The deadline to file bids for the Debtors' assets is Sept. 4, 2015,
at 5:00 p.m.  An auction will take place on Sept. 9, at 10:00 a.m.

Patriot Coal has filed with the Bankruptcy Court a letter of intent
for a proposed sale of a substantial majority of its operating
assets to Blackhawk Mining, LLC, as well as a motion outlining
bidding procedures.  Under the terms of the letter of intent,
Blackhawk would issue to Patriot's secured lenders new debt
securities totaling approximately $643 million plus Class B Units
providing them an ownership stake in Blackhawk.  In addition,
Blackhawk would assume or replace surety bonds supporting
reclamation and related liabilities associated with the purchased
assets.


PETERSBURG REGENCY: To Seek Plan Confirmation Sept. 9
-----------------------------------------------------
Petersburg Regency, LLC's Plan of Reorganization provides for the
orderly distribution of Debtor's insurance proceeds in the amount
of $10,230,627.  The Debtor seeks to accomplish payments under the
Plan by distributing the insurance proceeds in a fair and equitable
manner.  The insurance proceeds will be turned over to the
disbursing agent by the Virginia Court.

The Debtor formerly owned a 200 unit hotel located at 380 East
Washington Street, Petersburg, Va.  On September 18, 2003, the
Hotel was badly damaged by Hurricane Isabel.  As a result, in 2003
an insurance claim arose on behalf of Debtor against Selective
Insurance Company with respect to the extensive damage to the
Hotel.

The arbitration of the Insurance Litigation was conducted in
Newark, N.J.  The arbitration resulted in a final arbitration award
on Dec. 30, 2014, against Selective and in favor of Debtor in the
amount of $10,230,627, i.e., the Insurance Proceeds.

The Combined Disclosure Statement and Confirmation hearing is set
on September 9, 2015.

A copy of the Disclosure Statement in support of its First Amended
Plan of Reorganization dated Aug. 11, 2015, is available at:

                        http://is.gd/SfJsxh

                        Ittleson Objection

Ittleson Trust-2010-1, on behalf of a total of 14 creditors,
objected to the Debtor's request to shorten the time for Disclosure
Statement and Confirmation hearing for Sept. 9, 2015.  According to
Ittleson, the Motion seeks the highly unusual relief of combining
the Disclosure Statement approval and Plan confirmation hearing
dates on the same date.  It adds that the relief is all the more
unusual in a case where, as here, the Settling Creditors have
actively moved this case to the verge of distribution and
dismissal.

Ittleson noted that the Disclosure Statement and Plan are not
supported by any of the Settling Creditors.  Therefore, the
Disclosure Statement and Plan have no chance of approval and
confirmation, Ittleson told the Court.

In response to Ittleson's objections, the Debtor pointed out that
the Amended Plan wisely seeks modest, 7% reductions from the big
three creditors -- and uses Code provisions to spread the pain of
fairly and equitably distributing the Insurance Proceeds in
accordance with the Code's provisions.

The Debtor added that the proposed approach sidesteps many
challenging issues, such as standing to pursue a Rule 9019
settlement, and multiple other landmines inherent in the Structured
Dismissal Motion.  In short, Debtor is seeking to work with its
creditors to bring this matter to a prompt, low risk resolution.

Ittleson Trust is represented by:

         Gary F. Eisenberg, Esq.
         PERKINSCOIE
         Tel: (212) 262-6902
         Fax: (212) 917-1632
         E-mail: GEisenbers@perkinscoie.com

                     About Petersburg Regency

Petersburg Regency, LLC, commenced a Chapter 11 bankruptcy case
(Bankr. D.N.J. Case No. 15-17169) in Newark, New Jersey, on April
20, 2015.  The case is assigned to Judge Vincent F. Papalia.

An involuntary bankruptcy case was previously filed against the
company (Bankr. E.D. Va. Case No. 15-30526) but the case was
dismissed by consent order in March 2015.

The Debtor tapped David Edelberg, Esq., at Nowell Amoroso Klein
Bierman, P.A., in Hackensack, New Jersey, as counsel.

According to the docket, the Debtor's exclusive period to file a
plan expires on Aug. 18, 2015.



RADIOSHACK CORP: Creditors Sue Hedge Fund Standard General
----------------------------------------------------------
Matt Wirz, writing for The Wall Street Journal, reported that
RadioShack Corp.'s junior creditors are suing hedge fund Standard
General LP, the company's largest prebankruptcy shareholder and
current owner, in a last-ditch effort to get repaid.

According to the report, the lawsuit, filed Aug. 31 in U.S.
District Court in Fort Worth, Texas, by the committee representing
RadioShack's unsecured creditors, also names Wells Fargo & Co. and
former Chief Executive Officer Joseph Magnacca, alleging they
helped Standard General take over the company at creditors's
expense.  The suit comes as the electronics retailer moves forward
with a number of settlements aimed at speeding its exit from
Chapter 11 protection, the report noted.

                   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.


RELATIVITY MEDIA: Has Interim Nod to Pay Critical Vendors
---------------------------------------------------------
The Hon. Michael E. Wiles of the U.S. Bankruptcy Court for the
Southern District of New York entered an interim order authorizing
Relativity Fashion, LLC, et al., to pay certain prepetition claims
of critical vendors.

The Debtors are authorized to pay some or all of the critical
vendor claims, provided that prior to the final hearing to consider
the relief requested in the motion the amount paid with respect to
critical vendor claims won't exceed the aggregate amount of $4.0
million.  

The Debtors will maintain a matrix summarizing (i) the name of each
critical vendor paid; (ii) the amount paid to each vendor for its
critical vendor claim; and (iii) the type of goods or services
provided by each critical vendor.  The Debtors are authorized to
enter into vendor agreements.

Any payment to be made will be subject to the terms, conditions,
requirements and budgets imposed on the Debtors under the Debtors'
postpetition financing agreements and any order governing the
Debtors' use of cash collateral and entry into the DIP Documents.

                   About  Relativity Fashion

Based in New York, Relativity Fashion LLC dba M3 Relativity --
http://relativitymedia.com/-- is a privately-held entertainment  
company with an integrated and diversified global media platform
that provides, among other things, film and television financing,
production and distribution. Relativity was founded in 2004 by Ryan
Kavanaugh as a films late cofinancier partnering with major studios
such as Sony and Universal.  In addition, the Company engages in
content production and distribution, including movies, television,
fashion, sports, digital and music.  

The Company and its affiliates filed for Chapter 11 protection on
July 30, 2015 (Bankr. S.D. N.Y. Lead case No. 15-11989).  Judge
Michael E. Wiles presides over the Debtors' Chapter 11 cases.

Craig A. Wolfe, Esq., Malani J. Cademartori, Esq., and Blanka K.
Wolfe, Esq., at SHEPPARD MULLIN RICHTER & HAMPTON LLP, and Richard
L. Wynne, Esq., Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq.,
at JONES DAY, represent the Debtors in the bankruptcy cases.

The Debtors reported total assets of $559.9 million, and total
debts: $1.1 billion as of Dec. 31, 2014.


RESPONSE GENETICS: Rust Omni Approved as Claims Agent
-----------------------------------------------------
Response Genetics, Inc., sought and obtained approval from the U.S.
Bankruptcy Court for the District of Delaware to employ Rust
consulting Omni Bankruptcy as claims and noticing agent in the
Chapter 11 case, effective nunc pro tune to the Petition Date.

To satisfy the Claims Agent Protocol, the Debtor has obtained and
reviewed engagement proposals from at least two other
court-approved claims and noticing agents to ensure selection
through a competitive process.

Prior to the Petition Date, the Debtor provided Rust Omni a
retainer in the amount of $5,000.

For its services, the firm will charge at these discounted rates:

   Position                                  Hourly Rate
   --------                                  -----------
Clerical Support                              $21 to  $38
Project Specialist                            $48 to  $63
Project Supervisors                           $63 to  $80
Consultants                                   $60 to $106
Technology/Programming                        $85 to $110
Senior Consultants                           $119 to $148

The firm will waive fees for e-mail noticing, and will charge $0.08
per image for fax noticing.  For inputting proofs of claims, the
firm will charge at its hourly rates.  For data storage, the firm
will charge for $.05 per record for over 10,000 records and $0.04
per record for over 100,000 records.  With respect to the
informational Web site, the firm will charge $63 per hour for data
entry and $80 to $110 per hour for programming and customization.
For the preparation of schedules and statements, the firm will
charge $42 to $148 per hour.

                      About Response Genetics

Los Angeles, California-based Response Genetics, Inc. (otcqb:RGDX)
-- http://www.responsegenetics.com-- is a CLIA-certified clinical

laboratory focused on the development and sale of molecular
diagnostic testing services for cancer.  The Company's
technologies
enable extraction and analysis of genetic information derived from
tumor cells stored as formalin-fixed and paraffin-embedded
specimens.  The Company's principal customers include oncologists
and pathologists.  In addition to diagnostic testing services, the
Company generates revenue from the sale of its proprietary
analytical pharmacogenomic testing services of clinical trial
specimens to the pharmaceutical industry.  

Response Genetics, fdba Bio Type, Inc., filed for Chapter 11
bankruptcy (Bankr. D. Del. Case No. 15-11663) on Aug. 9, 2015,
represented by James E. O'Neill, Esq., at Pachulski Stang Ziehl &
Jones LLP.  Canaccord Genuity, Inc., serves as its investment
banker; and Rust Consulting Omni Bankruptcy acts as its claims and
noticing agent.  

The Company disclosed total assets of $10.7 million and total
debts
of $15.7 million.  The petition was signed by Thomas Bologna,
chairman and chief executive officer.

                           *     *     *

Response Genetics has executed a "stalking horse" agreement to
sell
all of its business assets to Cancer Genetics, Inc. for
$14,000,000, comprised of a 50/50 split in value of cash and the
common stock of CGI.

CGI is represented by Kramer Levin Naftalis & Frankel LLP's James
A. Grayer, Esq.


RESPONSE GENETICS: U.S. Trustee, SWK Object to KEIP
---------------------------------------------------
Response Genetics, Inc., asks the U.S. Bankruptcy Court for the
District of Delaware to authorize and approve the implementation of
its key employee incentive plan.

The KEIP covers two tiers of employees: (1) 17 current rank and
file non-insider employees of the Debtor, and (2) 2 existing
officers of the Debtor, Chief Executive Officer Thomas A. Bologna
and Chief Financial Officer Kevin Harris.

The Debtor believes that the Eligible Employees are absolutely
critical to the Sale process and their best efforts are required to
maximize the value of the Assets.  The Non-Insider Eligible
Employees include key division vice presidents, technicians,
supervisors, and sales representatives of the Debtor.

The KEIP contains, among others, the following terms:

     (a) Upon closing of the Sale, the Non-Insider Eligible
Employees shall share an aggregate payment in an amount of up to
$318,886.  Each Non-Insider Eligible Employee will receive a
portion of the Non-Insider Bonus Pool, subject to the terms of the
KEIP.  To the extent that a Non-Insider Eligible Employee is not
eligible to receive his or her share from the Non-Insider Bonus
Pool, unless otherwise agreed to by the DIP Agent, the Non-Insider
Bonus Pool shall be reduced by an amount equal to the amount
allocated to such Non-Insider Eligible Employee.

     (b) Upon closing of the Sale, the Insider Eligible Employees
shall share in an aggregate payment in an amount of up to $289,698.
The Insider Bonus Pool will be increased by 20% of every dollar by
which the actual recovery received by the DIP Lenders from the Sale
purchaser in respect of the asset purchase agreement governing the
Sale exceeds $10,540,585.  The Insider Eligible Employees shall
receive a portion of the Insider Bonus as set forth in the KEIP. To
the extent that an Insider Eligible Employee is not eligible to
receive his share from the Insider Bonus Pool, unless otherwise
agreed to by the DIP Agent, the Insider Bonus Pool shall be reduced
by an amount allocated to such  Insider Eligible Employee.

     (c) The Eligible Employees must be employed by the Debtor
through the closing of the Sale in order to be eligible to receive
the incentive payments earned. The incentive payments will be paid
on the closing date of the Sale. However, if an Eligible Employee's
employment with the Company is terminated without cause, or due to
death or disability, prior to the closing date of the Sale, then
such Eligible Employee shall be entitled to receive any payments
that would have become due under the KEIP had the Eligible Employee
been employed through such closing date. Each Eligible Employee is
entitled to payment out of the respective bonus pool even if such
Eligible Employee is rehired by the Purchaser.

     (d) The payments under the KEIP will be in lieu of any other
performance bonus, retention or severance compensation otherwise
payable to the Eligible Employees by the Debtor. Payment of any
KEIP amounts is further subject to any and all terms, conditions,
and limitations regarding such payments set forth in the Interim
DIP Order, the DIP Credit Facility Documents and the other
documents governing the Debtor's postpetition financing obtained
from the DIP Agent and DIP Lenders.

James E. O'Neill, Esq., at Pachulski Stang Ziehl & Jones LLP, in
Wilmington, Delaware, tells the Court that under the exigent
circumstances present, the Debtor requires the focused and
committed services of the Eligible Employees to close the Sale.  He
further tells the Court that under the terms of the KEIP, the
Eligible Employees will be paid an incentive payment only if the
Sale is consummated.  Mr. O'Neill contends that the Debtor has
determined in the exercise of its sound business judgment that it
is in the best interests of its estate to institute the KEIP for
the Eligible Employees.

                Objections to the Debtor's Motion

Andrew R. Vara, the Acting United States Trustee for Region 3,
objected to the Debtor's Motion. Mr. Vara contends that the Debtor
has failed to carry its burden of establishing that the KEIP is
primarily incentivizing. He further contends that the KEIP is
nothing more than a retention plan to compensate two senior
executives for being present at the close of a sale of the Debtor's
assets.

SWK Funding LLC also objected to the Debtor's motion.  Scott D.
Cousins, Esq., at Bayard, P.A., in Wilmington, Delaware and Brian
Smith, Esq., at Holland & Knight LLP, in Dallas, Texas, tell the
Court that the DIP Financing Documents state that any KEIP payments
must be made pursuant to a key employee incentive plan that is
subject to approval by SWK in its sole discretion.  They further
tell the Court that the KEIP that the Debtor seeks to approve is
not acceptable to SWK in its current form. They relate that the
KEIP proposes to pay its Insider Eligible Employees from and
Insider Bonus Pool that will be increased by 20% of the amount by
which SWK's recovery exceeds a specified threshold. They further
relate that the KEIP does not sufficiently describe how this "20%"
enhancement to the Insider Bonus Pool will be calculated and
determined. They assert that because the KEIP is not acceptable to
SWK, the Debtor may not make any KEIP payments.

Response Genetics' attorneys can be reached at:

          Jeffrey N. Pomerantz, Esq.
          Ira D. Kharasch, Esq.
          James E. O'Neill, Esq.
          John W. Lucas, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          919 North Market Street, 17th Floor
          P.O. Box 8705
          Wilmington, Delaware 19899-8705
          Telephone: (302)652-4100
          Facsimile: (302)652-4400
          E-mail: jpomerantz@pszjlaw.com
                  ikharasch@pszjlaw.com
                  joniell@pszjlaw.com
                  jlucas@pszjlaw.com

The U.S. Trustee is represented by:

          Timothy J. Fox, Jr., Esq.
          Linda Casey, Esq.
          Mark S. Kenney, Esq.
          UNITED STATES DEPARTMENT OF JUSTICE
          Office of the United States Trustee
          J. Caleb Boggs Federal Building
          844 King Street, Suite 2207, Lockbox 35
          Wilmington, DE 19801
          Telephone: (302)573-6491
          Facsimile: (302)573-6497

SWK Funding LLC is represented by:

          Neil B. Glassman, Esq.
          Scott D. Cousins, Esq.
          Evan T. Miller, Esq.
          BAYARD, P.A.
          222 Delaware Avenue, Suite 900
          Wilmington, DE 19801
          Telephone: (302)655-5000
          Facsimile: (302)658-6395
          E-mail: nglassman@bayardlaw.com
                  scousins@bayardlaw.com
                  emiller@bayardlaw.com

                 - and -

          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

                      About Response Genetics

Los Angeles, California-based Response Genetics, Inc. (otcqb:RGDX)
-- http://www.responsegenetics.com-- is a CLIA-certified clinical

laboratory focused on the development and sale of molecular
diagnostic testing services for cancer.  The Company's technologies
enable extraction and analysis of genetic information derived from
tumor cells stored as formalin-fixed and paraffin-embedded
specimens.  The Company's principal customers include oncologists
and pathologists.  In addition to diagnostic testing services, the
Company generates revenue from the sale of its proprietary
analytical pharmacogenomic testing services of clinical trial
specimens to the pharmaceutical industry.  

Response Genetics, fdba Bio Type, Inc., filed for Chapter 11
bankruptcy (Bankr. D. Del. Case No. 15-11663) on Aug. 9, 2015,
represented by James E. O'Neill, Esq., at Pachulski Stang Ziehl &
Jones LLP.  Canaccord Genuity, Inc., serves as its investment
banker; and Rust Consulting Omni Bankruptcy acts as its claims and
noticing agent.  

The Company disclosed total assets of $10.7 million and total debt
of $15.7 million.  The petition was signed by Thomas Bologna,
chairman and chief executive officer.



RESPONSE GENETICS: Wins Approval to Pay Critical Vendors
--------------------------------------------------------
Response Genetics, Inc., filed with the U.S. Bankruptcy Court for
the District of Delaware a motion seeking to pay up to
approximately $160,000 in essential vendor claims.

As of the Petition Date, the Debtor's total accounts payable was
over $1 million.  The proposed $160,000 cap represents only 15% of
the total accounts payable outstanding.  In addition, the majority
of the prepetition claims outstanding to the essential vendors
constitute goods shipped within 20 days of the Petition Date, and
would therefore be entitled to administrative priority status in
any case under Section 503(b)(9) of the Bankruptcy Code in any
event.

Judge Laurie S. Silverstein has entered an order authorizing the
Debtor to pay claims of critical vendors.  The order provides that
payments for essential vendor claims will not exceed the amount of
$365,000.

                      About Response Genetics

Los Angeles, California-based Response Genetics, Inc. (otcqb:RGDX)
-- http://www.responsegenetics.com-- is a CLIA-certified clinical

laboratory focused on the development and sale of molecular
diagnostic testing services for cancer.  The Company's
technologies
enable extraction and analysis of genetic information derived from
tumor cells stored as formalin-fixed and paraffin-embedded
specimens.  The Company's principal customers include oncologists
and pathologists.  In addition to diagnostic testing services, the
Company generates revenue from the sale of its proprietary
analytical pharmacogenomic testing services of clinical trial
specimens to the pharmaceutical industry.  

Response Genetics, fdba Bio Type, Inc., filed for Chapter 11
bankruptcy (Bankr. D. Del. Case No. 15-11663) on Aug. 9, 2015,
represented by James E. O'Neill, Esq., at Pachulski Stang Ziehl &
Jones LLP.  Canaccord Genuity, Inc., serves as its investment
banker; and Rust Consulting Omni Bankruptcy acts as its claims and
noticing agent.  

The Company disclosed total assets of $10.7 million and total
debts
of $15.7 million.  The petition was signed by Thomas Bologna,
chairman and chief executive officer.

                           *     *     *

Response Genetics has executed a "stalking horse" agreement to
sell
all of its business assets to Cancer Genetics, Inc. for
$14,000,000, comprised of a 50/50 split in value of cash and the
common stock of CGI.

CGI is represented by Kramer Levin Naftalis & Frankel LLP's James
A. Grayer, Esq.


ROADRUNNER ENTERPRISES: Had Until August 31 to Use Cash Collateral
------------------------------------------------------------------
Judge Kevin R. Huennekens of the United States Bankruptcy Court for
Eastern District of Virginia, Richmond Division, gave Roadrunner
Enterprises, Inc., interim authority to use cash collateral through
Aug. 31, 2015.

Judge Huennekens signed off a second stipulation between the Debtor
and Bank of McKenney, under which the Debtor is authorized to use
the cash collateral securing its prepetition indebtedness from BOM
to pay for repairs and improvements to the properties at 21508
Jackson Street, in Ettrick, Virginia, and 905 Forest View Drive, in
Colonial Heights, Virginia, to prepare those properties for sale.
Further, the Stipulation provides that costs of the repairs and
improvements to the Jackson Street Property and to the Forest View
Property, which total $9,973 and $3,872, respectively, will be
advanced by BOM to the Debtor by adding the same to the balances of
the loans secured by those properties, with the funds evidencing
those advances to be applied to the payments to BOM required by the
First Interim Order and to bring current the post-petition interest
payments on BOM's loans.

Judge Huennekens also signed off a third stipulation between the
Debtor and Towne Bank, authorizing the Debtor to use cash
collateral securing its prepetition indebtedness to pay Towne Bank
in exchange for adequate protection payments on July 30, 2015 and
August 31, 2015, all cash collateral in excess of expenditures.

Moreover, Judge Huennekens signed off a second stipulation between
the Debtor and the Bank of Southside Virginia, authorizing the
Debtor's use of cash collateral through August 19.  BSV asserted
that the Debtor violated the terms of the order approving its first
stipulation by failing to comply with its reporting requirements.
Accordingly, under the second stipulation, the Debtor is ordered to
reimburse BSV its reasonable attorney's fees in the amount of
$3,000 incurred as a direct result of that failure.  The parties
will confer as to determine how the payment will be made and
failing agreement, the matter may be put back on the Court's docket
for further proceedings.

The Court will convene a hearing on October 5, 2015 at 2:00 p.m.,
to hear arguments regarding the Debtor's alleged violation of its
stipulation with BSV.

Roadrunner Enterprises, Inc. is represented by:

          David K. Spiro, Esq.
          Rachel A. Greenleaf, Esq.
          HIRSCHLER FLEISCHER, P.C.
          The Edgeworth Building
          2100 East Cary Street
          Post Office Box 500
          Richmond, VA 23218
          Tel: (804) 771-9500
          Fax: (804) 644-0957
          Email: dspiro@hf-law.com
                 rgreenleaf@hf-law.com

Bank of McKenney is represented by:

          Robert H. Chappell, III, Esq.
          Neil E. McCullagh, Esq.
          James K. Donaldson, Esq.
          SPOTTS FAIN PC
          411 East Franklin Street, Suite 600
          Richmond, VA 23219
          Tel: (804) 697-2000
          Fax: (804) 697-2100
          Email: rchappell@spottsfain.com
                 nmcullagh@spottsfain.com

The Bank of Southside Virginia is represented by:

          Jonathan L. Hauser, Esq.
          TROUTMAN SANDERS LLP
          222 Central Park Avenue, Suite 2000
          Virginia Beach, VA 23462
          Tel: (757) 687-7768
          Fax: (757) 687-1505
          Email: jonathan.hauser@troutmansanders.com

                     About Roadrunner Enterprises

Headquartered in Chesterfield County, Virginia, Roadrunner
Enterprises Inc. owns the Roadrunner Campground and more than 70
rental properties, lots, and other real estate interests.

Roadrunner Enterprises filed for Chapter 11 bankruptcy protection
(Bank. E.D. Va. Case No. 15-30604) on Feb. 6, 2015.  The petition
was signed by Carl Adenauer, president.  David K. Spiro, Esq., at
Hirschler Fleischer, P.C., serves as the Debtor's counsel.  Judge
Kevin R. Huennekens presides over the case.  The Debtor estimated
assets and liabilities of at least $10 million.


S&S STEEL: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: S&S Steel Services, Inc.
        444 East 29th Street
        Anderson, IN 46016

Case No.: 15-07401

Chapter 11 Petition Date: August 31, 2015

Court: United States Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: Hon. Jeffrey J. Graham

Debtor's Counsel: Jay P. Kennedy, Esq.
                  KROGER GARDIS & REGAS, LLP
                  111 Monument Cir Ste 900
                  Indianapolis, IN 46204-5175
                  Tel: 317-692-9000
                  Fax: 317-264-6832
                  Email: jpk@kgrlaw.com

                    - and -

                  James A. Knauer, Esq.
                  KROGER GARDIS & REGAS, LLP
                  111 Monument Circle, Suite 900
                  Indianapolis, IN 46204-5125
                  Tel: 317-692-9000
                  Fax: 317-264-6832
                  Email: jak@kgrlaw.com

                    - and -

                  Harley K Means, Esq.
                  KROGER GARDIS & REGAS, LLP
                  111 Monument Circle, Suite 900
                  Indianapolis, IN 46204-5125
                  Tel: 317-777-7439
                  Fax: 317-777-7439
                  Email: hkm@kgrlaw.com

                   - and -

                  Amanda Dalton Stafford, Esq.
                  KROGER, GARDIS & REGAS, LLP
                  111 Monument Circle, Suite 900
                  Indianapolis, IN 46204-5125
                  Tel: 317-777-7437
                  Fax: 317-777-7437
                  Email: ads@kgrlaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Barry Sharp, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/insb15-07401.pdf


SEBRING MANAGEMENT: Has Cash Use Until Sept. 3
----------------------------------------------
Sherri Toub, a bankruptcy columnist for Bloomberg News, reported
that Sebring Software Inc., a Florida-based provider of management
services for the non-clinical side of dental practices, can use
cash representing collateral for secured lenders' claims for
specified purposes through Sept. 3.

According to the report, on Sept. 3, a bankruptcy judge in Tampa,
Florida, will continue the preliminary hearing on cash use.  It was
opposed by MidMarket Capital Partners LLC, as agent for a group of
pre-bankruptcy secured lenders owed more than $16 million of
principal and accrued interest.

Clearwater, Florida-based Sebring Management FL, LLC, and its three
affiliates sought protection under Chapter 11 of the Bankruptcy
Code on Aug. 23, 2015 (Bankr. M.D. Fla., Case No. 15-08589).  The
Debtors' counsel is Jay B Verona, Esq., at Shumaker, Loop &
Kendrick, LLP, in Tampa, Florida.


SHREE MELDIKRUPA: Case Summary & 5 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Shree Meldikrupa Incorporated
        251 W General Screven Way
        Hinesville, GA 31313

Case No.: 15-41411

Chapter 11 Petition Date: August 31, 2015

Court: United States Bankruptcy Court
       Southern District of Georgia (Savannah)

Debtor's Counsel: R. Brandon Galloway, Esq.
                  GALLOWAY & GALLOWAY, PC
                  P O Box 674
                  Pooler, GA 31322
                  Tel: 912-748-9100
                  Fax: 912-748-9109
                  Email: amanda@gallowaylaw.com

Total Assets: $582,117

Total Liabilities: $1.3 million

The petition was signed by Kantilal Patel, CEO.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/gasb15-41411.pdf


STEWARD HEALTH: S&P Affirms B- Corp. Credit Rating, Outlook Stable
------------------------------------------------------------------
Standard & Poor's Ratings Services affirmed all of its ratings,
including the 'B-' corporate credit rating, on Boston-based
acute-care hospital operator Steward Health Care LLC.  The rating
outlook is stable.

"Our ratings affirmation reflects our view that recent operating
improvements, due to the closure of an underperforming hospital,
cost cutting, and better organic volumes, will lead to an increase
in EBITDA," said Standard & Poor's credit analyst Shannan Murphy.
While the company has not yet seen the full-year impact of the cost
reduction effort, S&P believes the company's EBITDA will continue
to strengthen, which should result in positive free cash flow in
2016.  S&P believes that with expected sustained improvement in
operating performance, the company should be able to refinance or
extend the maturity on its revolver prior to the facility's
maturity date.

Steward is a low-cost, fully integrated provider of community-based
health care services narrowly focused on the Massachusetts
marketplace, a market that S&P views as highly competitive because
of the presence of several large academic medical centers that
account for a sizable portion of patient discharges.  Steward, like
other hospital systems, is subject to significant reimbursement
risks, and its large reliance on Medicare leaves it susceptible to
cuts in reimbursement rates.  In addition, Steward's profitability,
though slowly improving, is below average when compared with other
health care facility operators, including other hospital systems.
While EBITDA margins have improved over the past several quarters
due to cost cutting (principally labor), S&P believes that the
company's higher reliance on government reimbursement limits its
ability to raise margins closer to peer levels in the 15% to 20%
range.  For these reasons, S&P assess business risk as
"vulnerable".

S&P's stable outlook on Steward reflects S&P's view that improving
EBITDA is likely to result in better free cash flow over the next
two years.  It also reflects S&P's expectation that this level of
operating improvement should enable the company to refinance or
extend the maturity on its revolver prior to the facility's
maturity date.

S&P could lower the rating or revise the outlook to negative if
Steward is unable to successfully extend or refinance its revolver
prior to the end of 2015, as this would, in S&P's view, represent a
serious credit risk.  S&P could also lower the rating if it
believes the company will continue to suffer cash flow deficits
over time, leading S&P to believe that the capital structure is
unsustainable and likely to be restructured.

In S&P's view, a higher rating would be conditioned on Steward
establishing a track record of generating consistently positive
cash flow over time, allowing the company to expand the cushions on
its financial covenants and leading it to rely less on its revolver
for seasonal working capital needs.  Under this scenario, S&P would
also need to be comfortable that the company's financial policies
would be unlikely to increase leverage meaningfully from current
levels or jeopardize its free cash flows.  In this case, S&P might
view credit risk as more consistent with 'B' rated peers, and raise
the rating accordingly.



SULLIVAN INTERNATIONAL: Files Amended Schedules of Asset and Debt
-----------------------------------------------------------------
Sullivan International Group, Inc., filed with the U.S. Bankruptcy
Court for the Southern District of California amended schedules of
assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $16,154,825
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $8,675,745
  E. Creditors Holding
     Unsecured Priority
     Claims                                            $5,181
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                        $8,861,166
                                 -----------      -----------
        Total                    $16,154,825      $17,542,093

The Debtor disclosed total assets of $16,276,678 and total
liabilities of $17,256,605 in a prior iteration of the schedules.

A copy of the Amended Schedules is available for free at

    http://bankrupt.com/misc/SullivanIntl_220_amendedSAL.pdf

                 About Sullivan International

Sullivan International Group, Inc., an environmental engineering
provider, commenced a Chapter 11 bankruptcy case (Bankr. S.D. Cal.
Case No. 15-02281) in San Diego, California, on April 6, 2015.
Steven E. Sullivan signed the petition as chief executive officer.
The Debtor disclosed total assets of $16.27 million and total
Debts of $17.25 million.  James P. Hill, Esq., at Sullivan, Hill,
Lewin, Rez & Engel, APLC, in San Diego, represents the Debtor as
counsel.  3C Advisors & Associates, Inc., serves as financial
advisor.

The U.S. Trustee overseeing the Debtor's bankruptcy case appointed
DeNovo Constructors Inc., Tetra Tech Inc., Park Construction Co.,
Energy Solutions, Wittie Letsche & Waldo LLP, Lawson Environmental
Service, Meyer Construction Inc., Cascade Drilling LP, and McMillin
NTC 903/904 LLC to serve on the official committee of unsecured
creditors.  The Committee is represented by Thomas R. Fawkes, Esq.,
and Brian J. Jackiw, Esq., at Goldstein & McClintock LLLP, and
Ballard Spahr LLP as its local co-counsel.



T-L CHEROKEE: $24 Mil. Settlement With MB Financial Approved
------------------------------------------------------------

T-L Cherokee South LLC sought and obtained from Judge J. Philip
Klingeberger of the U.S. Bankruptcy Court for the Northern District
of Indiana, Hammond Division, approval of its compromise of claims
with MB Financial Bank N.A.

The Bank, the Debtor and its related Debtors, T-L Conyers, LLC, T-L
Smyrna, LLC and T-L Village Green, LLC, engaged in extensive
litigation with the Court and in several appeals with respect to
numerous issues in their Chapter 11 cases.  They participated in
mandatory mediation in the United States Court of Appeals for the
7th Circuit, in conjunction with appeals filed by the Bank from the
Orders of the Court that were affirmed by the District Court. They
ultimately reached a global resolution of all issues in the
Debtor's Chapter 11 case, as well as the Chapter 11 cases of its
related Debtors.

The settlement contains, among others, the following terms:

     (a) With respect to the Debtor, Conyers and Smyrna, the Bank
shall enter into a Note Purchase and Sale Agreement for the sale by
the Bank of its Claims in the Cherokee South Chapter 11 case, the
Smyrna Chapter 11 case and the Conyers Chapter 11 case to IP-TL
Cherokee South, LLC, IP-TL Smyrna, LLC and IP-TL Conyers, LLC,
respectively, including any and all mortgages, notes and loan
documents relating thereto, including all guaranty and indemnity
agreements executed in connection therewith by Tri-Land Properties,
Inc. and further including the transfer to the Iron Point Parties
of all reserves, escrows, cash collateral and other amounts held by
the Bank and all rights to future payment of any sums from any
parties in connection with the Cherokee South Shopping Center
Property, the VG Property, the Smyrna Property and the Conyers
Property. The Bank acknowledges and agrees that it shall retain no
claims against Cherokee South, Smyrna, Conyers and Tri-Land, except
for any claim for breach of the settlement and claims against
Tri-Land, if any, based on Environmental Indemnity Agreements
executed by Tri-Land in connection with the loans made to Cherokee
South, Smyrna, Conyers and Village Green after closing of the Iron
Point Claim Acquisitions.

     (b) As full and complete payment to the Bank for the purchase
of the Claims in the CS Case, the Smyrna Case and the Conyers Case,
and the release of the Claims in the VG Case, the Bank shall pay
the following amounts:

          (i) $24 million in cash on the closing date;

          (ii) The amount of the second installment of the 2014
real estate taxes payable in August 2015 for the VG Property, which
amount is estimated at $163,624 on the closing date subject to
reproration upon receipt of the actual second installment 2014 tax
bill;

          (iii) The amount of the existing tenant security deposits
for the VG Property, which amount is $65,356.00; and

          (iv) The amount of the shortfall in amounts collectible
from tenants during the period commencing January 1, 2015 and
ending June 30, 2015 on account of real estate taxes on the VG
Property relative to one-half of the estimated amount of 2014 real
estate taxes payable in 2015, which shortfall amount is estimated
to be $50,611.00 subject to reproration upon receipt of the actual
second installment of the 2014 tax bill.

     (c) As additional consideration to the Bank under the proposed
settlement, Village Green shall enter into a contract for the sale
of the VG Property to the Bank for a purchase price of not less
than $12,000,000, which purchase price is payable by the Bank by
crediting a like amount of the Bank's claim in the Chapter 11 case
of Village Green. The sale of the VG Property is subject to
approval by the Court. All costs of the sale of the VG Property,
except for the payment of Village Green's attorneys fees, shall be
paid by the Bank.

     (d) The Debtor and Related Debtors will file Motions to
Dismiss their respective Chapter 11 cases, and shall execute and
deliver releases to the Bank. Only Village Green will receive a
release from the Bank.

David K. Welch, Esq., at Crane, Heyman, Simon, Welch & Clar, in
Chicago, Illinois, relates that approval of the proposed settlement
is in the best interests of the Debtor, its creditors and its
estate. Significant savings in litigation fees, costs and time will
be realized by the settlement. He contends that the continued risk
of litigation will be avoided and that the several disputes between
the Debtor and the Bank will finally be resolved. Mr. Welch adds
that sufficient funds exist to pay administrative claims and the
claims of pre-petition creditors.

T-L Cherokee South, LLC is represented by:

          David K. Welch, Esq.
          Arthur G. Simon, Esq.
          Jeffrey C. Dan, Esq.
          Brian P. Welch, Esq.
          CRANE, HEYMAN, SIMON, WELCH & CLAR
          135 South LaSalle Street, Suite 3705
          Chicago, IL 60603
          Telephone: (312)641-6777
          Facsimile: (312)641-7114
          E-mail: dwelch@craneheyman.com
                  asimon@craneheyman.com
                  jdan@craneheyman.com
                  bwelch@craneheyman.com

                     About T-L Cherokee South

T-L Conyers LLC, T-L Cherokee South, LLC, and two affiliates
sought Chapter 11 protection in Hammond, Indiana, on Feb. 1, 2013.

The Debtors own various shopping centers in Georgia and Kansas.
The Debtors are represented by David K. Welch, Esq., at Crane,
Heyman, Simon, Welch & Clar, in Chicago.

T-L Cherokee South (Bankr. N.D. Ind. Case No. 13-20283) estimated
assets and debts of $10 million to $50 million.  T-L Cherokee owns
and operates a commercial shopping center in Overland Park, Kansas
known as "Cherokee South Shopping Center".

The Debtors are entities managed by Westchester, Illinois-based
Tri-Land Properties, Inc., which sought Chapter 11 protection (Case
No. 12-22623) on July 11, 2012.



TERVITA CORP: S&P Affirms 'B-' Corp. Credit Rating, Outlook Stable
------------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B-'
long-term corporate credit rating on Calgary, Alta.-based
integrated environmental service company Tervita Corp.  The outlook
is stable.  At the same time, Standard & Poor's affirmed its 'B-'
issue-level rating and '3' recovery rating on the secured notes;
and its 'CCC' issue-level rating and '6' recovery rating on the
company's subordinated notes.  The '3' recovery rating indicates
S&P's expectation of meaningful (50%-70%; lower half of the range)
recovery in a default scenario, while the '6' recovery rating
indicates S&P's expectation of negligible (0%-10%) recovery.

"The ratings on Tervita reflect our view of the company's "highly
leveraged" financial risk profile and associated high fixed
charges, negligible funds from operations generation, and forecast
negative free operating cash flow throughout our cash flow
forecasting period," said Standard & Poor's credit analyst Michelle
Dathorne.  These weaknesses, which hamper the ratings, are somewhat
tempered by the scope of Tervita's operations, the company's
ability to generate fairly stable EBITDA and margins at peaks and
troughs of the hydrocarbon price cycle, and an "adequate" liquidity
profile.  

Tervita provides services in various fields, including
energy-related waste management, environmental remediation, and
well servicing.  The company's operations in western Canada
generate substantially all of its gross profits (pro forma the sale
of its U.S. assets).

S&P's "weak" business risk profile takes into account Tervita's
participation in the competitive and cyclical oilfield services
market, a lack of long-term contracts, an increasingly competitive
business environment, and S&P's assessment of the company's
relatively stable operating margins when compared with those of
other oilfield service operators.  Nevertheless, S&P believes
Tervita's breadth of operations through its network of 60 different
facilities provides moderate scale, which S&P views as one of the
strongest components in its business risk profile.

In S&P's view, Tervita's "highly leveraged" financial risk profile,
which reflects its high debt-to-EBITDA ratio, large cash flow
requirements to service its fixed charges, and financial sponsor
ownership (which S&P characterizes as FS-6), constrain the
ratings.

The stable outlook reflects S&P's assumption that despite the
slowdown in the energy sector, Tervita's profitability, cash flow
generation, and available liquidity should allow the company to
meet its fixed-charge obligations during S&P's outlook period,
which it views as being the key consideration at this rating
level.

S&P could lower the ratings if the downside risks to S&P's forecast
materialize--such as a protracted weakness in economic trends or
other operating problems--which could cause the company's earnings
to diminish to the point that liquidity becomes constrained and the
company could not meet its fixed-charge obligations.  Specifically,
S&P could lower the rating if available liquidity (cash and
revolver availability) falls below C$200 million, which is close to
the amount the company would need in addition to its EBITDA
generation, as per S&P's base-case forecast, to service its
fixed-charge obligations (interest and capital spending) for the
following 12 months.

Although highly unlikely during the next year, S&P could raise the
ratings if the company reduces debt and improves its operating
profile such that its debt-to-EBITDA ratio falls below 5x.  An
upgrade would also be contingent on the company maintaining
"adequate" liquidity, with sources of cash sufficient to cover uses
by at least 1.2x over the following 12 months, and earnings
volatility being at least unchanged.



TOP SHELV: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Top Shelv Worldwide, LLC
        5117 Garfield Road
        Auburn, MI 48611

Case No.: 15-21770

Chapter 11 Petition Date: August 31, 2015

Court: United States Bankruptcy Court
       Eastern District of Michigan (Bay City)

Judge: Hon. Daniel S. Opperman

Debtor's Counsel: Elias Xenos, Esq.
                  THE XENOS LAW FIRM, PLC
                  1821 W. Maple Road
                  Birmingham, MI 48009
                  Tel: (248) 812-9495
                  Fax: (248) 498-6272
                  Email: etx@XenosLawFirm.Com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Manojkumar B. Shah, principal.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mieb15-21770.pdf


TROCOM CONSTRUCTION: Had Until August 31 to Use Cash Collateral
---------------------------------------------------------------
Judge Nancy Hershey Lord of the United States Bankruptcy Court for
Eastern District of New York gave Trocom Construction Corp. final
authority to use cash collateral securing its prepetition
indebtedness through and including Aug. 31, 2015.

In exchange for the use of cash collateral, the Debtor is directed
to provide adequate protection to M&T Bank, 460 Kingsland Avenue
Real Estate LLC, and Reveal Kingsland LLC.

The Debtor will deposit all cash and proceeds of the Cash
Collateral into a separate debtor-in-possession account to be
opened and maintained at a branch of M&T from which the Debtor will
be authorized, among other things, to make adequate protection
payments from the Cash Collateral to M&T.

M&T's Replacement Liens are senior to those liens granted to
Liberty Mutual in the Order approving DIP financing and the liens
of 460 and Reveal are junior to those granted to Liberty Mutual.
The Debtor will make monthly adequate protection payments to M&T in
the amount of $46,197 each, the first of which will be made on June
1, 2015, and thereafter on the 1st day of each and every month
during the Budget Period.

Additionally, the Debtor will tender monthly payments of $29,763 to
Newfound LLC for postpetition use and occupancy of a certain yard
and equipment storage facility located at 56-54 61st Road, in
Maspeth, New York.  The Debtor is authorized and directed to
perform all acts and to execute, deliver and comply with the terms
of the Loan Documents as the Lenders may require, or which
otherwise may be deemed reasonably necessary by the Lenders to
effectuate the terms and conditions of this Stipulation and Order.

Trocom Construction Corp. is represented by:

          Matthew G. Roseman, Esq.
          Bonnie L. Pollack, Esq.
          CULLEN AND DYKMAN, LLP
          100 Quentin Roosevelt Boulevard
          Garden City, NY 11530
          Tel: (516) 357-3700
          Fax: (516) 357 – 3792
          Email: mroseman@cullenanddykman.com
                 bpollack@cullenanddykman.com

Manufacturers and Traders Trust Company a/k/a M&T Bank is
represented by:

          Richard J. McCord, Esq.
          Thomas J. McNamara, Esq.
          Carol A. Glick, Esq.
          CERTILMAN BALIN ADLER & HYMAN, LLP
          90 Merrick Avenue
          East Meadow, NY 11554
          Tel: (516) 296-7000
          Email:  rmccord@certilmanbalin.com
                  tmcnamara@certilmanbalin.com
                  cglick@certilmanbalin.com

Liberty Mutual is represented by:

          Jonathan Bondy, Esq.
          Scott A. Zuber, Esq.
          CHIESA SHAHINIAN & GIANTOMASI PC
          One Boland Drive
          West Orange, NJ 07052
          Tel: (973) 325-1500
          Fax: (973) 530-2252
          Email: jbondy@csglaw.com
                 szuber@csglaw.com
        
                   About Trocom Construction

Trocom Construction Corp. was formed in 1969 by Salvatore Trovato.

The Company is in the heavy construction business.  Its primary
customer is the City of New York through its various agencies.
The
Company has 75 employees, the majority of whom are members of
various unions.  Joseph Trovato is presently the president and
holder of 100% of the voting shares of Trocom.

Trocom commenced a Chapter 11 bankruptcy case (Bankr. E.D.N.Y. Case
No. 15-42145) on May 7, 2015, in Brooklyn.  

Judge Nancy Hershey Lord presides over the case.  The Debtor
tapped
Cullen & Dykman, LLP, as its general bankruptcy counsel.

The Debtor estimated $10 million to $50 million in assets and less
than $10 million in debt.

According to the docket, the Chapter 11 plan and disclosure
statement are due Sept. 4, 2015.


TROCOM CONSTRUCTION: Has Authority to Obtain $3.4MM in DIP Loan
---------------------------------------------------------------
Judge Nancy Hershey Lord of the United States Bankruptcy Court for
Eastern District of New York gave Trocom Construction Corp. final
authority to obtain a secured postpetition financing facility from
Liberty Mutual Insurance Company.

Pursuant to the Final Order, the Debtor is authorized to obtain
from the Loan Facility the amount of $3,477,131.  The DIP Lender is
granted superpriority administrative expense claim status with
respect to all obligations of the Debtor to Liberty arising under
the Loan Facility.  Liberty is also granted automatically perfected
junior security interests in and liens on all of the Debtor's
assets to secure all loan obligations.

The Debtor's ability to continue its operations, to maintain
business relationships, to make payroll, to pay the costs of
administration of its estate and to satisfy other working capital
and operational needs, depends on obtaining immediate access to the
Loan Facility.  The access of the Debtor to sufficient working
capital and liquidity through the incurrence of new indebtedness
for borrowed money and other financial accommodations is vital for
preserving and maintaining the going concern value of the Debtor.
Failure to obtain the relief requested in the Motion will
immediately and irreparably harm the Debtor, its estate, creditors
and equity holders.

M&T Bank objected to the Debtor's motion for entry of interim and
final orders authorizing postpetition financing, asserting that the
Debtor is authorized to use M&T's cash collateral according to the
terms and provisions of the ICCO in return for which the Debtor
granted to M&T certain replacement liens on all property of the
Debtor and its estates and M&T's first priority blanket lien in and
to the postpetition collateral is binding upon any creditors who
have extended or may hereafter extend secured or unsecured credit
to the Debtor, including Liberty, which is presently contemplating
entering into a DIP Loan Facility with the Debtor in the amount of
up to $5,000,000.

Trocom Construction Corp. is represented by:

          Matthew G. Roseman, Esq.
          Bonnie L. Pollack, Esq.
          CULLEN AND DYKMAN, LLP
          100 Quentin Roosevelt Boulevard
          Garden City, NY 11530
          Tel: (516) 357-3700
          Fax: (516) 357 – 3792
          Email: mroseman@cullenanddykman.com
                 bpollack@cullenanddykman.com

Manufacturers and Traders Trust Company a/k/a M&T Bank is
represented by:

          Richard J. McCord, Esq.
          Thomas J. McNamara, Esq.
          Carol A. Glick, Esq.
          CERTILMAN BALIN ADLER & HYMAN, LLP
          90 Merrick Avenue
          East Meadow, NY 11554
          Tel: (516) 296-7000
          Email:  rmccord@certilmanbalin.com
                  tmcnamara@certilmanbalin.com
                  cglick@certilmanbalin.com

Liberty Mutual is represented by:

          Jonathan Bondy, Esq.
          Scott A. Zuber, Esq.
          CHIESA SHAHINIAN & GIANTOMASI PC
          One Boland Drive
          West Orange, NJ 07052
          Tel: (973) 325-1500
          Fax: (973) 530-2252
          Email: jbondy@csglaw.com
                 szuber@csglaw.com

                       About Trocom Construction

Trocom Construction Corp. was formed in 1969 by Salvatore Trovato.

The Company is in the heavy construction business.  Its primary
customer is the City of New York through its various agencies.
The
Company has 75 employees, the majority of whom are members of
various unions.  Joseph Trovato is presently the president and
holder of 100% of the voting shares of Trocom.

Trocom commenced a Chapter 11 bankruptcy case (Bankr. E.D.N.Y. Case
No. 15-42145) on May 7, 2015, in Brooklyn.  

Judge Nancy Hershey Lord presides over the case.  The Debtor
tapped
Cullen & Dykman, LLP, as its general bankruptcy counsel.

The Debtor estimated $10 million to $50 million in assets and less
than $10 million in debt.

According to the docket, the Chapter 11 plan and disclosure
statement are due Sept. 4, 2015.


VILLA GROUP: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Villa Group, Inc.
        302 Kings Hwy Ste. 202
        Brownsville, TX 78521

Case No.: 15-70443

Chapter 11 Petition Date: August 31, 2015

Court: United States Bankruptcy Court
       Southern District of Texas (McAllen)

Debtor's Counsel: Antonio Villeda, Esq.
                  VILLEDA LAW GROUP
                  6316 N 10th St, Bldg. B
                  McAllen, TX 78504
                  Tel: 956-631-9100
                  Email: avilleda@mybusinesslawyer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Alejandro Villareal, director and sole
shareholder.

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


WESCO INTERNATIONAL: S&P Affirms 'BB' CCR, Outlook Stable
---------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB' corporate
credit ratings on Pittsburgh-based industrial distributor WESCO
International Inc. and its wholly owned subsidiary WESCO
Distribution Inc.  The outlook is stable.

At the same time, S&P affirmed all of its issue-level ratings on
WESCO International Inc. and its subsidiaries WESCO Distribution
Inc. and WDCC Enterprises Inc.  S&P's recovery ratings on the debt
remain unchanged.

S&P's affirmation on WESCO reflects S&P's expectation that the
cost-reduction initiatives the company implemented in response to
the weakness in some of its industrial and construction end markets
and the headwinds from a stronger dollar will partially offset the
declines in its organic revenue in 2015.  S&P believes that the
company will use most of its free cash flow to fund acquisitions
and return cash to its shareholders while still maintaining credit
measures that support S&P's rating.

S&P's ratings on WESCO reflect S&P's "satisfactory" assessment of
its business risk profile and its "significant" assessment of its
financial risk profile.  S&P has revised its financial policy
modifier on the company to "negative" from "neutral" because it now
believes that the company's financial risk profile could
deteriorate beyond its forecast because of opportunistic
acquisitions, such as occurred when WESCO acquired EECOL in 2012.
S&P believes that its 'bb' anchor on WESCO (modified by the
financial policy assessment) captures the overall credit
characteristics of the company.  S&P has therefore revised its
comparable rating analysis modifier on WESCO to "neutral" from
"negative".

WESCO is one of the top five electrical distributors in the U.S.,
and it serves customers across the construction, industrial,
governmental, and utility markets.  The electrical distribution
market is highly fragmented, which can lead to intense pricing
pressures, particularly during periods of weak demand.  Demand for
the company's products is fueled by the increasing use of
electrical parts across industries and the trend among industrial
manufacturers to outsource their noncore activities such as
purchasing and inventory management in an effort to reduce their
operating expenses.  S&P expects that the company's expanding
geographic reach, broad product offerings and service capabilities,
efficient logistics network, and fair degree of end-market and
customer diversity will continue to support its competitive
position.  These factors also help WESCO obtain global accounts
with major industrial manufacturers and allow it to leverage its
cost structure.

S&P anticipates that acquisitions will remain an important part of
WESCO's growth strategy going forward.  The company's publicly
stated long-term leverage target of a debt-to-EBITDA metric in the
2.0x-3.5x range equates approximately to a debt-to-EBITDA metric of
2.5x-4.0x after S&P's adjustments.  However, S&P's ratings
incorporate the possibility that the company could increase its
debt-to-EBITDA metric above 4x as it pursues growth through
acquisitions or returns cash to its shareholders.

S&P's base-case scenario includes these assumptions:

   -- A low-single-digit percent decline in organic revenue in
      2015 due to weakness in industrial and construction end
      markets and headwinds from a stronger dollar, which are
      partially offset by the positive trends in the company's
      utility business and the modest inorganic growth from its
      recent acquisitions;

   -- EBITDA margins of about 6%-7% given the company's recent
      volume declines, which are partially offset by WESCO's
      ongoing cost-reduction activities;

   -- Capital expenditures will continue to be less than 1% of
      revenues annually;

   -- Free operating cash flow of more than $200 million annually;

      and

   -- The company uses the bulk of its free cash flow to fund
      shareholder-friendly activities and acquisitions.

Based on these assumptions, S&P arrives at these credit measures:

   -- Debt to EBITDA of about 3.4x; and
   -- Funds from operations (FFO) to debt of nearly 20% over the
      next 12-18 months.

S&P assesses WESCO's liquidity as "adequate."  S&P expects the
company's liquidity sources to be at least 1.2x its uses or more,
and believes that the company's net sources will remain positive
even if its EBITDA drops by 15% from S&P's projected levels.

Principal liquidity sources:

   -- Cash balances of about $174 million as of June 30, 2015;
   -- Ample availability under its $600 million revolving credit
      facility; and
   -- S&P's expectation for annual FFO of about $300 million.

Principal liquidity uses:

   -- Scheduled annual debt amortization of about $1.1 million;
   -- Modest working capital outflows;
   -- Capital expenditures of approximately $25 million; and
   -- Acquisitions and share repurchases of about $300 million
      annually.

S&P's stable outlook on WESCO reflects S&P's expectations that the
company will benefit from the positive trends in its utility
business, but that this will be offset by weakness in WESCO's
industrial and construction end markets and headwinds from a
stronger dollar.  S&P also assumes the company's recent
cost-reduction initiatives implemented in response to the weak
operating environment will partially offset the declines in its
organic revenue in 2015.

S&P could lower its rating on WESCO if its deteriorating operating
performance causes its leverage to exceed 5x with limited prospects
for improvement.  S&P could also lower the rating if WESCO's
leverage following future acquisitions exceeds 5x and does not
quickly improve, either because of a challenging operating
environment or because the acquisitions stretched the company's
credit measures beyond S&P's expectations.

S&P believes that an upgrade is unlikely over the next two years
since WESCO's acquisition growth strategy and leverage tolerance
are constraining factors.  Over the long-term, however, S&P could
raise its rating on WESCO if it chooses to pursue more conservative
financial policies that S&P expects will help it maintain its
leverage below 4x as it pursues acquisitions.



WOLVERINE WORLD: S&P Hikes Corp. Credit Rating to 'BB+'
-------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Rockford, Mich.-based Wolverine World Wide Inc. to 'BB+'
from 'BB'.  The outlook is stable.

At the same time, S&P raised its issue-level rating on the
company's first-lien credit facilities to 'BBB' from 'BBB-', and
its issue-level rating on the unsecured notes to 'BB+' from 'BB'.
The recovery rating on the first-lien facilities is unchanged at
'1', indicating S&P's expectation of very high (90% to 100%)
recovery in the event of payment default, while the recovery rating
on the unsecured notes is unchanged at '3', indicating S&P's
expectation of meaningful (50% to 70%, at the lower half of the
range) recovery in the event of payment default.

"The ratings reflect Wolverine's improving credit metrics and our
expectation that that the company will continue to improve
operational efficiency to drive further modest EBITDA growth," said
Standard & Poor's credit analyst Peter Deluca.

Standard & Poor's forecasts Wolverine's debt-to-EBITDA will
approach the mid-2x area by year-end 2015 and the near-2x area in
2016, from the level of 2.6x as of June 30, 2015.  S&P also expects
funds from operations (FFO)-to-debt to improve from about 27%
during 2015 to about 33% in 2016.  S&P believes credit metrics will
reach these levels as the company grows the top line across its
business units and streamlines operations.  This expectation is
based on these key outcomes of its forecast:

   -- U.S. real annual global GDP growth of 2.3% in 2015 and 2.7%
      in 2016, and Asia-Pacific and Latin America average annual
      growth of 2.2% in 2015 and 2.6% in 2016.

   -- S&P expects revenue to grow about 3.5% in 2015 and 4.5% in
      2016, reflecting planned focus on international markets and
      direct-to-consumer distribution.

   -- EBITDA margin of about 13% during the next two years from
      revenue growth and improving expense management.

   -- FFO of about $250 million in 2015 and 2016.

   -- Capital spending of about $60 million per year.

The ratings also reflect S&P's view of Wolverine's participation in
fragmented and highly competitive business segments, and narrow
business focus, as well as its leading market position and
diversified client base.  Wolverine's Sperry, Wolverine, and
Merrell brands have leading positions in the highly competitive
footwear industry and benefit from strong brand recognition.  The
company, however, lacks geographic diversity, leaving the company
vulnerable to changes in industry conditions, the supply chain, and
the local economy.  S&P has also factored into its rating the
company's solid profitability and strong marketing and sales
effort.

The stable outlook reflects S&P's view that Wolverine's operating
performance will stabilize near current levels, with credit metrics
modestly improving and remaining in line with S&P's current
financial risk profile assessment.  S&P forecasts leverage will
decline to near 2x during the next year.



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2015.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***