TCR_Public/150907.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, September 7, 2015, Vol. 19, No. 250

                            Headlines

1950 NORTH: Case Summary & 2 Largest Unsecured Creditors
21ST CENTURY ONCOLOGY: Appoints Chief Financial Officer
21ST CENTURY: S&P Lowers Rating on $12.945MM Bonds to 'B+'
33 PECK SLIP ACQUISITION: Case Summary & Top Unsecured Creditors
33 PECK SLIP ACQUISITION: Files for Chapter 11 to Sell Hotels

33 PECK SLIP ACQUISITION: Files Schedules of Assets & Debt
33 PECK SLIP ACQUISITION: Seeks Joint Administration of Cases
33 PECK SLIP ACQUISITION: Wants to Use Lender's Cash Collateral
ALLIED SYSTEMS: Yucaipa's Equitable Subordination Claim Dismissed
ALPHA NATURAL: Wants Permit Renewal for Eagle Butte Mine

ALVION PROPERTIES: Files Amended List of Unsec. Nonpriority Claims
AM GENERAL: Moody's Affirms 'Caa2' Corporate Family Rating
AMERICAN POWER: Spring Mountain Reports Equity Stake
ATLANTIC & PACIFIC: Court Wants 52% Severance Payment for Workers
B&G FOODS: Moody's Puts 'Ba3' CFR Under Review for Downgrade

B&G FOODS: S&P Puts 'BB-' CCR on CreditWatch Negative
BAHA MAR: Judge Appoints Liquidator with Limited Power
BAHA MAR: Seeks Sept. 30 Schedules & Statements Filing Extension
BON-TON STORES: Revolving Commitments Hiked to $650 Million
BOOMERANG TUBE: Gets Approval for Marubeni-Itochu Trade Deal

BOOMERANG TUBE: SBBT Has Until Next Week to Make 1111(b) Election
BTB CORP: Confirms Foreclosure of Collateral for BSPR Loans
BUILDING #19: Sept. 18, 2015 Set as Admin. Claims Bar Date
CAESARS ENTERTAINMENT: 67% of First Lien Creditors Execute RSA
CAMBRIDGE ENDOSCOPIC: Case Summary & 20 Top Unsecured Creditors

CASA MEDIA: Court Extends Plan Filing Deadline to Oct. 11
CASA MEDIA: Has Until October 9 to Decide on Leases
CASPIAN SERVICES: Harvey Sawikin Reports 7% Stake as of Aug. 7
CLAIRE'S STORES: Reports Fiscal 2015 Second Quarter Results
CLARKE REAL ESTATE: Files for Ch 11; To Continue Townhouse Project

CLARKE REAL ESTATE: Ordered to Submit Required Documents
CLAYTON WILLIAMS: Moody's Cuts Corporate Family Rating to 'B3'
CONNEAUT LAKE: Has 14 Days to File Revised Plan Outline
CONSTRUCTION SUPERVISION: BB&T's Claim Denied Superpriority Status
CORPORATE RESOURCE: Has Interim OK to Use WF Cash Collateral

COUNTRY STONE: Liquidating Plan Set for Oct. 20 Confirmation
COYOTE LOGISTICS: S&P Withdraws 'B-' Rating on Sr. Secured Debt
CRAIG WALKER: Ch 11 Case Remains With Judge Elizabeth Brown
CRYOPORT INC: Amends Preferred Stock Certificate of Designations
EARL GAUDIO: Gets Court Nod to Sell 2 UPS Stores' Assets

ECOSPHERE TECHNOLOGIES: Extends Notes Maturity by One Year
ELBIT IMAGING: 2015 Annual General Meeting Set for Oct. 19
ERG INTERMEDIATE: Court Approves CLMG Compromise
ERG INTERMEDIATE: Lease Decision Period Extended to Nov. 25, 2015
ERG INTERMEDIATE: Plan Solicitation Period Extended to Nov. 2, 2015

FIRST KOREN CHRISTIAN: Voluntary Chapter 11 Case Summary
FREESEAS INC: Announces New Charter for Vessel
FUSION TELECOMMUNICATIONS: Fusion NBS Signs $40MM Credit Facility
GELTECH SOLUTIONS: Issues $315,000 Convertible Note to Mr. Reger
GENERAL MOTORS: Bids to Withdraw Reference Allowed to Proceed

GENIUS BRANDS: Amends Form S-1 Prospectus with SEC
GEOMET INC: Amends Bylaws to Change Committee Composition
GUIDED THERAPEUTICS: Investors Buy Add'l $550,000 Pref. Stock
HILO HATTIE: Expects Bankruptcy Exit By Year-End
HILO HATTIE: Files Reorganization Plan, Hearing on Oct. 19

HUTCHESON MEDICAL: CEO Sees Offer for Hospital This Week
ICE THEATERS: Files for Chapter 11 Bankruptcy Protection
IMRIS INC: Closes Sale of Substantially All Assets to Deerfield
IMRIS INC: Hike in DIP Commitment Approved
INSITE VISION: Determines Unsolicited Offer "Superior Proposal"

INSITE VISION: Gets 2nd Acquisition Proposal for $0.35 per Share
INSITE VISION: Meeting to Approve QLT Merger Moved to Oct. 9
INTEGRATED BIOPHARMA: Posts $735,000 Net Income for Fiscal 2015
ITUS CORP: Proposes to Sell $12 Million Securities
JAMES RIVER: Sues Whayne Supply to Clawback Money

JEFFREY PROSSER: Fox Rothschild Sues Virgin Islands on Faulty Tax
JW RESOURCES: Panel's Objection to $375K Break-Up Fees Overruled
KOAM CONSTRUCTION: Case Summary & 13 Largest Unsecured Creditors
KRONOS ACQUISITION: S&P Assigns 'B-' CCR, Outlook Stable
LEVEL 3: Enters Into Senior Notes Supplemental Indentures

NAVISTAR INTERNATIONAL: Incurs $28 Million Net Loss in Q3
NAVISTAR INTERNATIONAL: Loan Agreements with JPMorgan Cancelled
NCFM LLC: $2.9-Mil. Judgment in Favor of Firstmark Affirmed
NET ELEMENT: Amends Letter Agreements to Extend Moratorium Date
PACIFIC GOLD: Acquires Graysill Mining Claims

PARK 91 LLC: Plan Requires Sale in 22 Months
PARK FLETCHER: Cassidy-Turley Has Until Sept. 23 to Defend Claim
PATRIOT COAL: CCIL Discloses Status as Substantial Shareholder
PATRIOT COAL: Court Set to Hear Rejection of Peabody Contracts
PATRIOT COAL: Gets Approval to Implement 'Sell-Down' Procedures

PATRIOT COAL: Jefferies Files Supplemental Declaration
PENNYMAC MORTGAGE: Moody's Assigns 'B1' Corporate Family Rating
PHOTOMEDEX INC: JIKANG Buys SLT Laser Business for $1.5 Million
POMONA RDA SUCCESSOR: Moody's Ups TABs Rating From Ba1
PRIMERA ENERGY: Chapter 11 Trustee Puts Headquarters on Sale

PROTOM INTERNATIONAL: Court Approves Sale of Assets to Michaelson
QUEST SOLUTION: Kurt Thomet Resigns as President
R.C.D. CLEANING: Voluntary Chapter 11 Case Summary
REICHHOLD HOLDINGS: Court Approves Sale of Cheswold Property
RITE AID: Files Financial Statements of Acquired Assets

ROTONDO WEIRICH: Sept. 10 Meeting Set to Form Creditors' Panel
SABINE OIL: Cash Spending Dispute Divides Creditors
SABLE NATURAL: Unit Files for Bankruptcy After Defaulting on Debt
SANTA FE GOLD: Sept. 11 Meeting Set to Form Creditors' Panel
SAPPHIRE ROAD DEVELOPMENT: ITEX to Take Control Under Plan

SEARS HOLDINGS: S&P Raises Rating on Sr. Notes to 'B'
SHERI SPEER: Wells Fargo's Stay Motion Partially Granted
SIGNAL INTERNATIONAL: Has Court's Permission to Auction Assets
SOLAR POWER: Inks Pact to Subscribe for 60% of Equity in Yiwei
SPECTRUM ANALYTICAL: Bank Seeks $4.25 Mil. for Admin. Expenses

STELLAR BIOTECHNOLOGIES: Reverse Stock Split Effective Sept. 2
STEREOTAXIS INC: Commences Warrants Offering
SUZETTE WOODWARD: 8th Cir. Reverses Plan Confirmation Order
TABERNACLE CHURCH OF BOSTON: Can't Avoid VFC Mortgage
TPC GROUP: S&P Lowers Corp. Credit Rating to 'B-', Outlook Stable

U.S. COAL: Ch. 11 Professionals' Final Fee Applications Approved
UNI-PIXEL INC: Issues 1.8 Million Common Shares to Hudson Bay
UNIVERSAL COOPERATIVES: Authorized to Wind Up UCI Brazil Assets
VIGGLE INC: Borrows Additional $2-Mil. From Sillerman Investment
VYCOR MEDICAL: Files Post-Effective Amendment to Form S-1

WATSONVILLE RDA SUCCESSOR: Moody's Ups TABs Rating From 'Ba1'
WESTMORELAND COAL: Integrated Core, Et Al., Report 4.5% Stake
[*] Bankruptcy Filings Drop Over 660,000 Nationwide
[*] Fayette County, Georgia, Makes Cuts in General Fund
[*] Insurer Has Duty to Defend Atty in Civil Contempt Suit

[^] BOND PRICING: For the Week from Aug. 31 to Sept. 4, 2015

                            *********

1950 NORTH: Case Summary & 2 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: 1950 North Inc.
        570 N. East River Rd.
        Des Plaines, IL 60016

Case No.: 15-30379

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: September 3, 2015

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Jack B. Schmetterer

Debtor's Counsel: James A Karamanis, Esq.
                  BARNEY & KARAMANIS, LLP
                  180 N. Stetson, Ste 3050
                  Chicago, IL 60602
                  Tel: 312-553-5300
                  Email: james@bkchicagolaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Krystyna Leszczynska, secretary.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/ilnb15-30379.pdf


21ST CENTURY ONCOLOGY: Appoints Chief Financial Officer
-------------------------------------------------------
21st Century Oncology Holdings, Inc. appointed LeAnne M. Stewart as
chief financial officer of the Company, effective Sept. 14, 2015.

Ms. Stewart, age 50, previously served as chief financial officer
of CRC Health Group, a private equity sponsored behavioral health
organization, from July 2011 to February 2015.  In February 2015,
CRC was sold to a strategic buyer.  Previously, Ms. Stewart was
senior vice president and chief financial officer of Granite
Construction from 2008 to 2010.  From 1999 through 2007, Ms.
Stewart held various roles at Nash Finch Company, including senior
vice president and chief financial officer from 2004 to 2007 and
vice president and corporate controller from 2000 to 2004.  She was
a Trustee for the College of St. Benedict from 2005 until 2014 and
continues to serve as an ad hoc committee member.  Ms. Stewart
began her career at Ernst & Young in 1987, the same year that she
became a Certified Public Accountant.  Ms. Stewart became a
Certified Management Accountant in 1992.  She received a B.A. in
Accounting from the College of St. Benedict in 1987 and an M.B.A.
in Business Administration from the Wharton School at the
University of Pennsylvania in 1997.

Pursuant to the terms of an executive employment agreement, dated
Sept. 4, 2015, by and among the Company, 21st Century Oncology,
Inc. and Ms. Stewart, effective Sept. 14, 2015, Ms. Stewart will
receive an annual base salary of $475,000 and an annual
performance-based incentive bonus with a target of up to 85% of her
base salary, to be earned based on objectives to be defined by the
Company's Compensation Committee, beginning in 2016.  Ms. Stewart
will also be guaranteed a bonus of 40% of her base salary in year
one.  The bonus amount will be earned upon completion of the
performance period and payable on or before March 15 of the year
following the performance period.

The initial term of Ms. Stewart's employment will be three years,
and will be automatically extended for successive one year renewal
periods unless either the Company or Ms. Stewart opt otherwise.

As soon as is reasonably practicable following the start of Ms.
Stewart's employment, she will be granted an equity award in 21st
Century Oncology Investments, LLC as a Class E Member.

                        About 21st Century

21st Century Oncology, Inc., formerly known as Radiation Therapy
Services, Inc. ("RTS") owns and operates radiation treatment
facilities in the US and Latin America.

As of June 30, 2015, the Company had $1.14 billion in total assets,
$1.28 billion in total liabilities, $378 million in series A
convertible redeemable preferred stock, $68.8 million in
non-controlling interests - redeemable, and total deficit of $588
million.

                            *     *     *

As reported by the TCR on Feb. 27, 2015, Moody's Investors Service
upgraded 21st Century Oncology, Inc.'s Corporate Family Rating and
Probability of Default Rating to B3 and B3-PD, respectively.
The upgrade of the Corporate Family Rating to B3 and SGL to SGL-2
reflects the receipt of a $325 million preferred equity investment
from the Canada Pension Plan Investment Board and subsequent debt
reduction.

In the April 16, 2015, edition of the TCR, Standard & Poor's
Ratings Services affirmed its 'B-' corporate credit rating on Fort
Myers-based cancer care provider 21st Century Oncology Holdings
Inc.


21ST CENTURY: S&P Lowers Rating on $12.945MM Bonds to 'B+'
----------------------------------------------------------
Standard & Poor's Ratings Services lowered its rating on Indiana
Finance Authority's $12.945 million series 2013A and $555,000
taxable series 2013B educational facilities revenue bonds, issued
for 21st Century Charter School (21st Century), one notch to 'B+'
from 'BB-'.  The outlook is stable.

The downgrade reflects Standard & Poor's view of deterioration in
the school's balance sheet due to a one-time spend-down of cash
reserves for technology and building equipment.  The spend-down, as
reflected in fiscal 2014 audited financials, has resulted in
reserves diminishing to two days' cash on hand, a level the ratings
service considers very low.  The downgrade also reflects, in the
ratings service's view, volatility in the school's financial
performance and metrics -- which, according to Standard & Poor's,
have always been slightly weak for a 'BB' rating -- and a decline
in academic performance from prior years.  Fiscal 2015 reserves are
expected to return to levels more consistent with prior years,
closer to 13 days' cash on hand, although Standard & Poor's still
considers this level low.

"Negative rating action may occur again within 12 months if the
fiscal 2015 audit shows weaker results than anticipated, or if
enrollment declines such that operations and liquidity measures
have weakened," said Standard & Poor's credit analyst Stephanie
Wang.  "Further weakness in academics that may trigger a funding
loss or lead to issues with the charter authorizer may also result
in negative rating pressure.  Conversely, a higher rating, while
unlikely, is possible within 12 months should 21st Century reach
its anticipated enrollment level while building its liquidity and
coverage to levels more commensurate with a higher rating."

21st Century is a kindergarten-through-12th grade midsize charter
school in Gary, Ind.  Proceeds from the 2013 bond issuance were
largely used to finance the construction of a facility on land
donated by the city of Gary.



33 PECK SLIP ACQUISITION: Case Summary & Top Unsecured Creditors
----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

          Debtor                                   Case No.
          ------                                   --------
          33 Peck Slip Acquisition LLC             15-12479
          33 Peck Slip
          New York, NY 10038

          36 West 38th Street, LLC                 15-12480

          Gemini 37 West 24th Street MT, LLC       15-12481

          52 West 13th P, LLC                      15-12482

Type of Business: Hotels

Chapter 11 Petition Date: September 3, 2015

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

Debtors' Counsel: David B. Shemano, Esq.
                  ROBINS KAPLAN LLP
                  601 Lexington Avenue, Suite 3400
                  New York, NY 10022-4611
                  Tel: 310 552-0130
                  Fax: 310 229-5800
                  Email: dshemano@robinskaplan.com

                    - and -

                  Howard J. Weg, Esq.
                  Scott F. Gautier, Esq.
                  ROBINS KAPLAN LLP
                  2049 Century Park East, Suite 3400
                  Los Angeles, CA 90067-3208
                  Tel: (310) 522-0130
                  Fax: (310) 229-5800
                  Email: HWeg@RobinsKaplan.com
                         SGautier@RobinsKaplan.com

Debtors'          ROBERTDOUGLAS
Real Estate
Advisor:

                                       Total        Total
                                      Assets      Liabilities
                                    -----------   -----------
33 Peck Slip Acquisition             $38.23MM       $31.01MM
36 West 38th Street                  $25.75MM       $19.38MM
Gemini 37 West 24th Street           $60.74MM       $33.97MM
52 West 13th P, LLC                  $81.16MM       $51.32MM

The petition was signed by Christopher L. La Mack, authorized
representative.

A. List of 33 Peck Slip Acquisition LLC's 20 Largest Unsecured
Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Active Networks                      Trade Debt            $432

Am Maintenance                       Trade Debt            $245

American Hotel Register              Trade Debt            $653

Carbons Golden Malted                Trade Debt            $230

Carday Associates                  Health Insurance      $8,700
                                      Premium

Classic Recycling N.Y. Corp.         Trade Debt            $952

Collins Bro. Worldwide, LLC          Trade Debt          $3,872

Con Edison                            Utility            $6,754

Concord Elevator                     Trade Debt          $1,039

Fresh and Tasty                      Trade Debt          $3,066

M3 Accounting                        Trade Debt            $365

Premium Pest Control                 Trade Debt            $538

Revinate Inc.                        Trade Debt            $220

Sani Wash                            Trade Debt            $513

Sonifi Solutions                     Trade Debt          $1,875

Staples Advantage                    Trade Debt             $74

Sysco Metro New York                 Trade Debt          $6,441

Verizon                              Trade Debt             $72

Vizergy                              Trade Debt            $290

Wash it Right Express                Trade Debt          $3,325


B. List of 36 West 38th Street's 11 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
AGL Industries                   Construction Costs      $4,449

Baker & Hostetler LLP                 Legal Fees        $42,865

Eastern Air, Inc.                Construction Costs     $14,200

Ettinger Engineering Services         Engineering        $7,500
                                       Services

Faith Environmental              Construction Costs      $8,999

Gemini Jade Bryant Park Dev           Development        $4,504

Gene Kaufman Archtitect PC          Architectural       $90,000
                                       Services

IBK Construction Group, LLC      Construction Costs     $57,000

KD Brothers                      Construction Costs      $2,934

Skyline Scaffolding              Construction Costs        $544

Thomas Manufacturing, Inc.       Construction Costs     $14,400


C. List of Gemini 37 West 24th's 18 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
A&L CessPool Service Corp             Trade Debt           $306

AETNA                              Employee Insurance    $2,810
                                       Premium

Andrew Hendricks                        Expense          $4,693
                                     Reimbursement

Broadsoft Hospitiality, Inc.          Trade Debt         $1,495

Central Office Alarm                  Trade Debt           $349

Cenveo Corporation                    Trade Debt           $406

Fabriclean                            Trade Debt         $6,206

Fire Department of New York           Trade Debt           $890

Genserve, INC.                        Trade Debt           $544

Guest Supply                          Trade Debt           $898

Home Depot Supply                     Trade Debt         $1,818

Hotel SystemsPRO                      Trade Debt         $1,900

Office Depot                          Trade Debt           $326

Ritesh Jariwala                        Expense           $3,676
                                     Reimbursement

Staples Business Advantage             Trade Debt           $20

Sysco Metro New York                   Trade Debt          $489

Time Warner Cable                      Trade Debt        $1,813

World Cinema                           Trade Debt        $3,097


D. List of 52 West 13th P's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Baldor Specialty Foods                 Trade Debt        $6,531

Bridgeton Holdings, LLC                Management        $5,248

DairyLand USA                          Trade Debt        $2,688

Clearvue Enterprises                   Trade Debt        $6,770

Constellation New Energy                Utility         $13,838

Danesi Caffe                           Trade Debt        $2,817

Empire Merchant                        Trade Debt        $2,437

Harbor Linen                           Trade Debt        $3,100

Justin Kellerman                       Expenses          $9,681
                                     Reimbursement

Hotel Lab Consultants                   Trade Debt       $1,400

La Bottega Dell'Albergo                 Trade Debt       $4,274

Lin Remodeling Inc.                    Construction      $2,500

Martha A.Parker                          Expense         $2,077
                                      Reimbursement

Martin Scott Wines                      Trade Debt       $1,800

Metal Brite Service                     Trade Debt       $3,810

Ritz Cleaners                           Trade Debt       $2,753

Rotavele Elevator                       Trade Debt       $2,450

Sebastian Setteducate                   Trade Debt       $3,000

The Lobster Place                       Trade Debt       $2,322

Winebow                                 Trade Debt       $2,404


33 PECK SLIP ACQUISITION: Files for Chapter 11 to Sell Hotels
-------------------------------------------------------------
Owners of four New York City hotel properties, namely 33 Peck Slip
Acquisition LLC, Gemini 37 West 24th Street MT, LLC, 36 West 38th
Street LLC and 52 West 13th P, LLC, have sought Chapter 11
bankruptcy protection, intending to auction off their assets in
connection with a Chapter 11 plan.

The Debtors own:

   * the Best Western Seaport Hotel, at 33 Peck Slip in the South
Street Seaport Historic District on the Lower Manhattan waterfront
in New York City, New York;

   * the Wyndham Flatiron Hotel, at 37 West 24th Street in the
Flatiron district of New York City, New York;

   * the Jade Greenwich Village Hotel at 52 West 13th Street in
Greenwich Village in Lower Manhattan in New York City, New York;
and

   * the Bryant Park Development Site, a development lot that is
approved for development as a 114-room boutique hotel at 34-36 West
38th Street in the Bryant Park district of New York City, New
York.

Concurrently with the filing of the Chapter 11 cases, the Debtors
filed a motion seeking to set procedures for confirming a proposed
chapter 11 plan of reorganization and will immediately thereafter
file motions to set procedures to conduct auctions in connection
with the Plan that will permit them to sell their assets free and
clear of liens, claims, encumbrances and interests.

In or about April 2003, Dante A. Massaro, Christopher La Mack,  and
William T. Obeid formed GREA to invest in commercial real estate
projects.

The Debtors were established to facilitate investment in hotel
properties through a group of corporate groups that are, in whole
or in part, managed by Gemini Real Estate Advisors, LLC and/or
Gemini Equity Partners, LLC, both Delaware limited liability
companies that are owned in equal parts by Massaro, La Mack and
Obeid.

In 2014, disputes arose between Massaro, La Mack and Obeid related

to Obeid's management of the business affairs of GREA.  On July 1,
2014, at a meeting of the members of GREA, La Mack and Massaro
voted to remove Obeid as the president of GREA.  Thereafter, La
Mack and Massaro filed litigation against Obeid in the North
Carolina State Court, Mecklenburg County (Case No. 14-CVS-12010)
seeking damages for breach of fiduciary duties to GREA and seeking
injunctive relief to prevent Obeid's continued interference with
GREA's business.

In a declaration filed with the Court, La Mack said that after the
North Carolina Action was filed, Obeid continued to interfere with
GREA's business operations through, among other things,
communications with GREA's employees, lenders and business
relationships.

On Aug. 14, 2014, Obeid filed a retaliatory lawsuit against La Mack
and Massaro in federal court in New York.  Thereafter, Obeid sought
a TRO (which has been denied) to halt the sale and liquidation of
certain of GREA's subsidiary's holdings.

In connection with the New York Action, Obeid filed notices of Lis
Pendens in the chain of title for all four Debtors.  La Mack says
the Lis Pendens and the ongoing lawsuits have made it impossible to
meet the closing conditions and deliver free and clear title to any
of the proposed purchasers for the Hotels.

Massaro and La Mack are concerned that the value of the Hotels and
a transaction could continue to deteriorate if they are put on hold
until the litigation can be concluded.  The Bryant Park Development
Site is especially susceptible to continued delay in liquidation
because it has no operating revenues.  All attempts to reasonably
settle the litigation have been unsuccessful.

The Debtors have hired RobertDouglas as a real estate advisor to
assist with the sales.  The Debtors expect to consummate sales
through the chapter 11 process, confirm a Plan and distribute
proceeds to creditors and interest holders as expeditiously as
possible.

A copy of the declaration in support of the first day motions is
available for free at:

        http://bankrupt.com/misc/33_PECKSLIP_Declaration.pdf

                          About 33 Peck

33 Peck Slip Acquisition LLC, et al., sought Chapter 11 bankruptcy
petition (Bankr. S.D.N.Y. Case Nos. 15-12479 to 15-12482) on
Sept. 3, 2015.

The Debtors reported total assets of $205.8 million and total
liabilities of $135.6 million.

The Debtors have hired Robins Kaplan LLP as their counsel.



33 PECK SLIP ACQUISITION: Files Schedules of Assets & Debt
----------------------------------------------------------
33 Peck Slip Acquisition LLC, Gemini 37 West 24th Street MT, LLC,
36 West 38th Street LLC and 52 West 13th P, LLC filed with the U.S.
Bankruptcy Court for the Southern District of New York their
schedules of assets and liabilities.

(1) 36 West 38th Street LLC

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $25,500,000
  B. Personal Property              $257,493
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $19,138,752
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $247,399
                                 -----------      -----------
        TOTAL                    $25,757,493      $19,386,151

(2) 33 Peck Slip Acquisition LLC

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $37,100,000
  B. Personal Property            $1,136,803
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $30,682,075
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $292,417
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                           $39,664
                                 -----------      -----------
        TOTAL                    $38,236,803      $31,014,156

(3) Gemini 37 West 24th Street MT, LLC

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $57,000,000
  B. Personal Property            $3,745,791
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $33,594,944
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $335,044
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                           $46,132
                                 -----------     ------------
        TOTAL                    $60,745,791      $33,976,121

(4) 52 West 13th P, LLC

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $78,000,000
  B. Personal Property            $3,169,080
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $50,771,924
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $449,697
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                           $106,671
                                 -----------       -----------
        TOTAL                    $81,169,080       $51,328,293

A copy of the Schedules filed together with the declaration is
available for free at:

       http://bankrupt.com/misc/33_PECKSLIP_Schedules.pdf

                          About 33 Peck

33 Peck Slip Acquisition LLC, et al., sought Chapter 11 bankruptcy
petition (Bankr. S.D.N.Y. Case Nos. 15-12479 to 15-12482) on
Sept. 3, 2015.

The Debtors intend to auction of their hotel properties in New York
City:

   * the Best Western Seaport Hotel, at 33 Peck Slip in the South
Street Seaport Historic District on the Lower Manhattan waterfront
in New York City, New York;

   * the Wyndham Flatiron Hotel, at 37 West 24th Street in the
Flatiron district of New York City, New York;

   * the Jade Greenwich Village Hotel at 52 West 13th Street in
Greenwich Village in Lower Manhattan in New York City, New York;
and

   * the Bryant Park Development Site, a development lot that is
approved for development as a 114-room boutique hotel at 34-36 West
38th Street in the Bryant Park district of New York City, New
York.

The Debtors reported total assets of $205.8 million and total
liabilities of $135.6 million.

The Debtors have hired Robins Kaplan LLP as their counsel and
RobertDouglas as their real estate advisor to assist with the
sales.



33 PECK SLIP ACQUISITION: Seeks Joint Administration of Cases
-------------------------------------------------------------
33 Peck Slip Acquisition LLC, 52 West 13th P, LLC, Gemini 37 West
24th Street MT, LLC and 36 West 38th Street LLC have filed a motion
with the Bankruptcy Court seeking to have their cases jointly
administered.

The Debtors believe that joint administration will reduce the
administrative costs of the Chapter 11 cases, ease the
administrative burden on the Court and the parties, simplify the
United States Trustee for the Southern District of New York's
supervision of the administrative aspects of these cases and have
no adverse effect on creditors.

According to the Debtors, while they will continue to operate as
separate and distinct entities during the pendency of the Chapter
11 cases, they share many common creditors and business
relationships, such as contractual relationships, with third
parties.

The voting securities of each of the Debtors is controlled by the
same entities.

Accordingly, the Debtors request that the caption of the Chapter 11
Cases be modified to reflect the joint administration of their
cases, as follows:

UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK

________________________________________
                                        |
                                        |
In re:                                 | Chapter 11
                                        |
33 PECK SLIP ACQUISITION LLC, et al.   | Case No. 15-12479
                                        |
                       Debtors,         | Jointly Administered
________________________________________

The Debtors also seek the Court's direction that a notation
substantially similar to the following notation be entered on the
docket of each of the Debtors to reflect the joint administration
of their Chapter 11 Cases:

   An Order has been entered in this case directing the procedural
   consolidation and joint administration of the chapter 11 cases
   commenced by 33 Peck Slip Acquisition LLC; 52 West 13th P, LLC;
   Gemini 37 West 24th Street MT, LLC; and 36 West 38th Street
   LLC.  The docket in Case No. 15-12479 should be consulted for
   all matters affecting the above-listed cases.

The Debtors also seek authority to file monthly operating reports
required by the Operating Guidelines and Financial Reporting
Requirements promulgated by the U.S. Trustee on a consolidated
basis if the Debtors determine, after consultation with the U.S.
Trustee, that consolidated reports would further administrative
economy and efficiency without prejudice to any party in interest
and would accurately reflect the Debtors' consolidated business
operations and financial affairs.

                          About 33 Peck

33 Peck Slip Acquisition LLC, et al., sought Chapter 11 bankruptcy
petition (Bankr. S.D.N.Y. Case Nos. 15-12479 to 15-12482) on
Sept. 3, 2015.

The Debtors intend to auction of their hotel properties in New York
City:

   * the Best Western Seaport Hotel, at 33 Peck Slip in the South
Street Seaport Historic District on the Lower Manhattan waterfront
in New York City, New York;

   * the Wyndham Flatiron Hotel, at 37 West 24th Street in the
Flatiron district of New York City, New York;

   * the Jade Greenwich Village Hotel at 52 West 13th Street in
Greenwich Village in Lower Manhattan in New York City, New York;
and

   * the Bryant Park Development Site, a development lot that is
approved for development as a 114-room boutique hotel at 34-36 West
38th Street in the Bryant Park district of New York City, New
York.

The Debtors reported total assets of $205.8 million and total
liabilities of $135.6 million.

The Debtors have hired Robins Kaplan LLP as their counsel and
RobertDouglas as their real estate advisor to assist with the
sales.



33 PECK SLIP ACQUISITION: Wants to Use Lender's Cash Collateral
---------------------------------------------------------------
33 Peck Slip Acquisition LLC seeks authority from the Bankruptcy
Court to use the cash collateral of 33 Peck Slip Hotel Capital LLC
in accordance with a prepared budget and to provide the Lender
with adequate protection.

David B. Shemano, Esq., at Robins Kaplan LLP, counsel to the
Dbetor, tells the Court that as the owner of a guest-filled hotel
whose operation is dependent on cash flow, the Debtor must continue
to operate the Hotel to maintain and preserve the Debtor's value
and the Lender's Collateral.

He asserts the Debtor urgently requires the use of the Lender's
cash collateral to operate, maintain and preserve the Hotel pending
its sale
and the effectiveness of a plan.  As reflected in the Budget, the
Debtor projects that its cash balance will be approximately
$998,662 for the week ending Sept. 7, 2015, and approximately
$933,977 by the time the Hotel is sold on or before Dec. 21, 2015.

The Budget provides for the Lender to continue to receive the
monthly
payments of fixed interest required under the Lender's loan
documents.

As of the Petition Date, the Lender claims that the Debtor owed it
approximately $30,682,075, comprised of principal in the amount of
$30,523,101, interest in the amount of approximately $158,974 and
any
additional amounts, including without limitation costs, fees, and
additional interest, if
allowed, that the Lender may assert.

Concurrently with the filing of the Debtor's Chapter 11 case and
the filing of this Motion, the Debtor filed a proposed chapter 11
plan of reorganization and will be filing a related motion for an
order authorizing the Debtor to sell the Hotel free and clear of
liens, claims, encumbrances and interests.  Pursuant to the Best
Western Seaport Hotel Sale Motion and Plan, the Debtor intends to
sell the Hotel for $37.3 million, to pay the Lender and all
other creditors in full and to make distributions to the Debtor's
equity interest holders.
  The proposed sale to the stalking horse bidder for $37.3 million
is subject to overbids.

"The Debtor, its Estate and creditors will suffer immediate and
irreparable
harm if the Debtor is not authorized to use cash collateral on an
interim basis prior to the final hearing on the Motion," says Mr.
Shemano.  "If the operation of the Hotel is interrupted due to any
lack of cash to pay employees and other operating expenses, the
Hotel may be forced to
close its doors.  Shutting down the Hotel, even for a brief time,
will immediately cause cancellations of reservations and force
guest traffic to other available properties," he adds.

33 Peck Slip Acquisition LLC, et al., sought Chapter 11 bankruptcy
petition (Bankr. S.D.N.Y. Case Nos. 15-12479 to 15-12482) on
Sept. 3, 2015.

The Debtors reported total assets of $205.8 million and total
liabilities of $135.6 million.

The Debtors have hired Robins Kaplan LLP as their counsel and
RobertDouglas as their real estate advisor to assist with the
sales.



ALLIED SYSTEMS: Yucaipa's Equitable Subordination Claim Dismissed
-----------------------------------------------------------------
The United States Bankruptcy Court for the District of Delaware, at
the behest of Black Diamond Finance, L.L.C. and Spectrum Commercial
Finance LLC, as Co-Administrative Agents under Allied Systems
Holdings Inc. and Allied Systems Ltd.'s prepetition lien credit
facility, dismissed the Counterclaim for Equitable Subordination
filed by Yucaipa American Alliance Fund I, L.P. and Yucaipa
American Alliance (Parallel) Fund I, L.P.

Yucaipa asked the court to temporarily allow the First Lien Credit
Agreement Claims against the Debtors in the amount of $134,835,689
for the sole purpose of voting to accept or reject the Plan.
Yucaipa asserted that it has substantial economic interests in the
Chapter 11 Cases, which the Plan seeks to affect in ways
detrimental and prejudicial to Yucaipa relative to other First Lien
Lenders.  The Court should let Yucaipa protect these interests by
allowing Yucaipa to vote its First Lien Credit Agreement Claims in
full, Yucaipa added.

The First Lein Agents reserved their rights to Yupaica with respect
to Yupaica's Motion as well as Yupaica's Plan Objections, to the
extent that settlement is not ultimately reached.  The First Lein
Agents, joined by the Debtors, asked to court to dismiss Yupaica's
Counterclaim for Equitable Subordination.  The First Lien Agents
asserted that the Counterclaim should be dismissed for a number of
reasons: (1) it is barred by the Covenant Not to Sue and the
Appearance Prohibition contained in the Third amendment to the
Credit agreement; (2) several factual predicates asserted by
Yupaica in support of its Counterclaim are barred from Collateral
estoppel; and (3) Yupaica's story does not hold together under
examination and its Counterclaim does not meet the standard of
plausibility.

The Debtors are represented by:

          Mark D. Collins, Esq.
          Marisa A. Terranova, Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          One Rodney Square
          920 North King Street
          Wilmington, DE 19801
          Tel: (302) 651-7700
          Fax: (302) 651-7701
          Email: collins@rlf.com
                 terranova@rlf.com  

             -- and --

          Jeffrey W. Kelley, Esq.
          Ezra H. Cohen, Esq.
          Matthew R. Brooks, Esq.
          Benjamin R. Carlsen, Esq.
          TROUTMAN SANDERS LLP
          Bank of America Plaza
          600 Peachtree Street, Suite 5200
          Atlanta, GA 30308-2216
          Tel: (404) 885-3000
          Fax: (404) 885-3900
          Email: matthew.brooks@troutmansanders.com
                 benjamin.carlsen@troutmansanders.com

The First Lien Agents are represented by:

          Adam G. Landis, Esq.
          Kerri K. Mumford, Esq.
          LANDIS RATH & COBB LLP
          919 Market Street, Suite 1800
          Wilmington, DE 19801
          Tel: (302) 467-4400
          Fax: (302) 467-4450
          Email: landis@lrclaw.com
                mumford@lrclaw.com
         
             -- and --

          Adam C. Harris, Esq.
          Robert J. Ward, Esq.
          David M. Hillman, Esq.
          SCHULTE ROTH & ZABEL LLP
          919 Third Avenue
          New York, NY 10022
          Tel: (212) 756-2000
          Fax: (212) 593-5955
          Email:  adam.harris@srz.com
                  Robert.Ward@srz.com
                  David.Hillman@srz.com
      
Yucaipa is represented by:

          Michael R. Nestor, Esq.
          Michael S. Neiburg, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          Rodney Square
          1000 North King Street
          Wilmington, DE 19801
          Tel: (302) 571-6600
          Email: rnnestor@ycst.com

             -- and --

          Robert A. Klyman
          Maurice Suh
          Kahn Scolnick
          GIBSON, DUNN & CRUTCHER LLP
          333 South Grand Avenue
          Los Angeles, CA 90071
          Tel: (213) 229-7000
          Email:  rklyman@gibsondunn.com

             -- and --

          Matthew K. Kelsey, Esq.
          Mary Kate Hogan, Esq.
          GIBSON, DUNN & CRUTCHER LLP
          200 Park Avenue
          New York, NY 10166
          Tel: (212) 351-4000
          Email:  mkelsey@gibsondunn.com

                    About Allied Systems Holdings

BDCM Opportunity Fund II, LP, Spectrum Investment Partners LP, and
Black Diamond CLO 2005-1 Adviser L.L.C., filed involuntary
petitions for Allied Systems Holdings Inc. and Allied Systems Ltd.
(Bankr. D. Del. Case Nos. 12-11564 and 12-11565) on May 17, 2012.
The signatories of the involuntary petitions assert claims of at
least $52.8 million for loan defaults by the two companies.

Allied Systems, through its subsidiaries, provides logistics,
distribution, and transportation services for the automotive
industry in North America.

Allied Holdings Inc. first filed for chapter 11 protection (Bankr.
N.D. Ga. Case Nos. 05-12515 through 05-12537) on July 31, 2005.
Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP, represented the
Debtors in the 2005 case.  Allied won confirmation of a
reorganization plan and emerged from bankruptcy in May 2007
with $265 million in first-lien debt and $50 million in second-
lien debt.

The petitioning creditors said Allied defaulted on payments of
$57.4 million on the first lien debt and $9.6 million on the
second.  They hold $47.9 million, or about 20% of the first-lien
debt, and about $5 million, or 17%, of the second-lien obligation.
They are represented by Adam G. Landis, Esq., and Kerri K.
Mumford, Esq., at Landis Rath & Cobb LLP; and Adam C. Harris,
Esq., and Robert J. Ward, Esq., at Schulte Roth & Zabel LLP.

Allied Systems Holdings Inc. formally put itself and 18
subsidiaries into bankruptcy reorganization June 10, 2012,
following the filing of the involuntary Chapter 11 petition.

The Company is being advised by Mark D. Collins, Esq., at
Richards, Layton & Finger, P.A., and Jeffrey W. Kelley, Esq., at
Troutman Sanders, Gowling Lafleur Henderson.

The bankruptcy court process does not include captive insurance
company Haul Insurance Limited or any of the Company's Mexican or
Bermudan subsidiaries.  The Company also announced that it intends
to seek foreign recognition of its Chapter 11 cases in Canada.

An official committee of unsecured creditors has been appointed in
the case.  The Committee consists of Pension Benefit Guaranty
Corporation, Central States Pension Fund, Teamsters National
Automobile Transporters Industry Negotiating Committee, and
General Motors LLC.  The Committee is represented by Sidley Austin
LLP.

In January 2014, the U.S. Trustee for Region 3 appointed a three-
member Official Committee of Retirees.

Yucaipa Cos. has 55% of the senior debt and took the position it
had the right to control actions the indenture trustee would take
on behalf of debt holders.  The state court ruled in March 2013
that the loan documents didn't allow Yucaipa to vote.

In March 2013, the bankruptcy court also gave the official
creditors' committee authority to sue Yucaipa.  The suit includes
claims that the debt held by Yucaipa should be treated as equity
or subordinated so everyone else is paid before the Los Angeles-
based owner. The judge allowed Black Diamond to participate in the
lawsuit against Yucaipa and Allied directors.


ALPHA NATURAL: Wants Permit Renewal for Eagle Butte Mine
--------------------------------------------------------
Benjamin Storrow at Casper Star-Tribune reports that Alpha Natural
Resources has applied for a permit renewal for its Eagle Butte Mine
north of Gillette, Wyoming.

Star-Tribune relates that Shannon Anderson, Esq., an attorney at
the Powder River Basin Resource Council, said that the group will
oppose the permit renewal on the grounds it cannot be granted while
the miner's reclamation status is undecided.  The report quoted Mr.
Anderson as saying, "The major issue is their bonding and whether
they have a valid reclamation bond now that they no longer qualify
for self-bond status."

According to Star-Tribune, the Company has faced questions over its
reclamation bonds after state regulators revoked its "self-bonding"
status in May 2015, a designation that allowed the miner to use its
finances as collateral on its reclamation obligations.  The report
states that the Company was given 90 days to come up with $411
million in financing to cover its cleanup costs.

The earlier decision to revoke the Company's self-bonding status
had been stayed, Star-Tribune reports, citing a Wyoming Department
of Environmental Quality spokesperson.  

Star-Tribune recalls that the Company initially appealed the
state's decision to revoke its self-bonding status, saying
regulators had improperly conducted the financial test used to
determine whether a company qualified for the designation.  The
report adds that a Campbell County judge, at the behest of the
Company, stayed in July 2015 the DEQ's order.  The Company stated
in court filings that posting the $411 million reclamation bond
sought by Wyoming would be detrimental to its restructuring
efforts.

The DEQ, according to Star-Tribune, did not oppose the request for
a stay, and the two parties agreed that DEQ Director Todd Parfitt
would review the state's decision in an informal conference.

The clock on the 90-day payment period is on hold until the court
order is lifted, and the informal conference has yet to be held,
Star-Tribune reports, citing DEQ spokesperson Keith Guille.

                      About Alpha Natural

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

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

Judge Kevin R. Huennekens presides over the case.

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

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

The U.S. Trustee for Region 4 appointed seven creditors of Alpha
Natural Resources Inc. to serve on the official committee of
unsecured creditors.


ALVION PROPERTIES: Files Amended List of Unsec. Nonpriority Claims
------------------------------------------------------------------
Alvion Properties Inc. filed with the U.S. Bankruptcy Court for the
Southern District of Illinois an amended list of creditors holding
unsecured nonpriority claims.  A full-text copy of the amended list
is available for free at http://is.gd/8HSI5k

                      About Alvion Properties

Alvion Properties, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Ill. Case No. 15-40462) on May 14, 2015.  Karnes
Medley, as president, signed the petition.  The Debtor disclosed
total assets of $1 billion and total debts of $2.7 million in its
petition.

Antonik Law Offices serves as the Debtor's counsel.

The case was initially assigned to Judge Laura K. Grandy.  On May
20, 2015, the case was reassigned to Judge Kenneth J. Meyers.

On June 18, 2015, the U.S. trustee overseeing the Debtor's case
announced that it was unable to form a committee to represent the
Debtor's unsecured creditors.  The Justice Department's bankruptcy
watchdog said it "has not received sufficient indications of
willingness" from the Debtor's unsecured creditors.

The Court has yet to set a general bar date for filing proofs of
claim.  The deadline for governmental units to file claims is Nov.
10, 2015.


AM GENERAL: Moody's Affirms 'Caa2' Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service has changed the rating outlook of AM
General, LLC to Negative from Positive and concurrently affirmed
all ratings, including the Caa2 Corporate Family Rating. The change
in rating outlook reflects a weak liquidity position with a
diminished backlog/revenue view following the US Army's decision to
not award AM General the $6.7 billion Joint Light Tactical Vehicle
(JLTV) contract.

RATINGS RATIONALE

The Caa2 CFR reflects low free cash flow from a modest production
backlog against a demanding debt amortization and maturity
schedule. AM General's main product, the High Mobility Multipurpose
Wheeled Vehicle (commonly known as HUMVEE), has a large installed
base across the US military and globally which drives parts and
refurbishment related orders. But the US Army has not been ordering
HUMVEES and will instead gradually introduce the JLTV into its
wheeled vehicle fleet. The company has sustained HUMVEE production
through small orders from foreign governments and the US National
Guard. Standing orders should support production into 2016 and a
good bid pipeline exists. Financial support from AM General's owner
helps debt service ability while resourcefulness of the company's
management team has enabled new product
lines/offerings—considerations that carry weight despite a
clouded revenue view at present.

The negative rating outlook considers the weak liquidity profile as
the company depends on short-term borrowing lines, possible
near-term covenant pressure, and that the company may not have
sufficient free cash flow to cover scheduled debt amortization and
maturities.

The rating would be downgraded if the potential for default were to
become more certain than not. Upward rating momentum would depend
on higher backlog and progress toward an adequate liquidity
profile. A rating upgrade would likely be accompanied by an
expectation of less financial reliance by AM General on its
financial sponsor.

Ratings:

Outlook Actions:

Issuer: AM General, LLC

Outlook, Changed To Negative From Positive

Affirmations:

Issuer: AM General, LLC

Probability of Default Rating, Affirmed Caa2-PD

Corporate Family Rating, Affirmed Caa2

Senior Secured Bank Credit Facility, Affirmed Caa1 (LGD3)

The principal methodology used in these ratings was Global
Aerospace and Defense Industry published in April 2014. Please see
the Credit Policy page on www.moodys.com for a copy of this
methodology.

AM General LLC, headquartered in South Bend, IN, designs,
engineers, manufactures, supplies and supports specialized vehicles
for commercial and military customers. Its subsidiary, Mobility
Ventures, LLC manufactures the MV-1, a vehicle catered to
wheelchair passengers. Revenues over the 12 months ended June 30th,
2015 were $591 million. The company is majority-owned by entities
of MacAndrews & Forbes Holdings, Inc.



AMERICAN POWER: Spring Mountain Reports Equity Stake
----------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, the following reporting persons disclosed beneficial
ownership of shares of common stock of American Power Group
Corporation as of Aug. 24, 2015:

                                          Amount
                                       Beneficially      Percent
  Entity                                  Owned         of Class
  ------                               ------------     --------
SMC Select Co-Investment Fund I, LP     7,568,117         12.7%
SMC Reserve Fund II, LP                10,913,536         17.2%
SMC Reserve Fund II Offshore, LP        2,728,383          4.9%
SMC Employees Partnership               3,688,775          6.6%
SMC Select Co-Investment I GP, LLC      7,568,117         12.5%
SMC Private Equity Holdings G.P., LLC   1,500,000          2.8%
SMC Private Equity Holdings, LP         1,500,000          2.8%
Spring Mountain Capital G.P., LLC      22,710,036         30.6%
Spring Mountain Capital, LP            22,710,036         30.6%
Spring Mountain Capital, LLC           22,710,036         30.6%
John L. Steffens                       26,418,811         34.1%
Gregory P. Ho                          26,418,811         34.1%

The percentages were calculated based on 52,810,755 shares of
Common Stock issued and outstanding as reported by the Issuer in
its Form 10-Q for the quarter ended June 30, 2015.

On Aug. 24, 2015, SMC Holdings LP acquired a Common Stock Purchase
Warrant which is exercisable for up to 1,500,000 shares of Common
Stock upon funding of a loan from SMC Holdings LP indirectly to the
Company in the aggregate amount of $1,500,000.  The Warrant vests
with respect to SMC Holdings LP's right to exercise the Warrant
into shares of Common Stock at a rate of 1 share of Common Stock
per $1.00 of the Loan funded by SMC Holdings LP indirectly to the
Company.  SMC Holdings GP is the general partner of SMC Holdings
LP.  Spring Mountain GP, one of the Reporting Persons, is the
managing member of SMC Holdings GP, and pursuant to Rule 16a-1 of
the Securities Exchange Act of 1934, as amended, it may be deemed
to be the beneficial owner of any securities reported that are
beneficially owned by SMC Holdings LP.

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

                       http://is.gd/MPRmgm
  
                    About American Power Group

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

American Power reported a net loss available to common stockholders
of $3.25 million on $6.28 million of net sales for the year ended
Sept. 30, 2014, compared to a net loss available to common
stockholders of $2.92 million on $7.01 million of net sales for the
year ended Sept. 30, 2013.

As of June 30, 2015, the Company had $8.9 million in total assets,
$7.7 million in total liabilities and $1.1 million in total
stockholders' equity.


ATLANTIC & PACIFIC: Court Wants 52% Severance Payment for Workers
-----------------------------------------------------------------
Hoa Nguyen at the Poughkeepsie Journal reports that U.S. Bankruptcy
Court Judge Robert Drain entered on Sept. 1, 2015, an interim
decision saying that laid-off workers of 25 Great Atlantic &
Pacific Tea stores should immediately receive52% of their severance
pay, instead of the 25% to 50% that the Company initially offered.

Poughkeepsie Journal relates that the stores were slated to shut
down last week.  The report says that most workers affected by
these first round of store closures will likely be laid off.

According to the report, A&P proposed paying laid off workers 50%
immediately with the potential for an additional 10% depending on
how much money the company receives for its stores, in exchange for
the waiving of the workers' rights to the rest of their severance.
The report states that Judge Drain disagreed with the proposal,
saying it came with too many strings and suggesting that A&P offer
the affected workers 52% of their severance right away and give
them the right to submit a claim for the rest as part of settling
the bankruptcy case.

Poughkeepsie Journal says that laid-off workers could receive 70%
of their severance package and full health and welfare benefits
agreed to under their contracts.

                     About Atlantic & Pacific

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

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

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

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

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

The U.S. Trustee for Region 2 appointed seven creditors to serve on
the official committee of unsecured creditors.

Elise S. Frejka was appointed as consumer privacy ombudsman.


B&G FOODS: Moody's Puts 'Ba3' CFR Under Review for Downgrade
------------------------------------------------------------
Moody's Investors Service has placed the ratings of B&G Foods,
Inc., including its Ba3 Corporate Family and Ba3-PD Probability of
Default ratings, under review for downgrade following the
announcement that B&G has reached an agreement to acquire the Green
Giant and Le Sueur branded canned and frozen vegetable business
from General Mills, Inc. for approximately $765 million subject to
an inventory adjustment at close. The transaction is expected to
close in the fourth quarter of 2015 subject to customary closing
conditions.

The ratings have been placed under review for downgrade based on
Moody's expectation that higher financial leverage and a high
category concentration in shelf-stable and frozen vegetables will
likely result in a weaker overall credit profile for the company.

According to Moody's Analyst Brian Silver, "We view the acquisition
of Green Giant as transformational for B&G, both in terms of its
size and presence in the frozen vegetable category, a new area
where the company will compete. However, the category has been
under pressure during the last few years as many consumers have
shifted toward the purchase of fresh as opposed to frozen or canned
produce".

B&G is anticipated to finance the acquisition through revolver and
incremental term loan borrowings. The purchase of the Green Giant
and Le Sueur brands represents the largest acquisition in the
history of B&G and presents potential integration risk. Moody's
also considers the company's entrance into the canned vegetable and
competitive frozen foods categories to be a potential challenge.
The higher leverage and integration risks may not entirely offset
the benefits of increased size and product diversity resulting from
the acquisition.

Moody's has taken the following rating actions to B&G Foods, Inc.:

On Review for Downgrade:

Corporate Family Rating, currently Ba3

Probability of Default Rating, currently Ba3-PD

Senior Secured First Lien Credit Facilities, currently Ba1 (LGD2)

Senior Unsecured Notes, currently B1 (LGD5)

Senior Unsecured Shelf, currently P(B1)

Outlook Actions:

Outlook, Changed To Rating Under Review From Stable

No Change:

Speculative Grade Liquidity Rating, currently SGL-1

RATINGS RATIONALE

The Ba3 CFR (under review for downgrade) reflects B&G's aggressive
dividend policy, small scale relative to more highly rated industry
peers, acquisitive growth strategy, and periodic use of leverage to
fund acquisitions. These factors are balanced by the company's high
margins, consistent cash generation, broad product portfolio and
historical success in acquisition integration efforts. B&G's
willingness to dividend a high portion (roughly 50% - 60%) of its
cash flows after capital spending is partially mitigated by the
consistency of its cash flows, low capital spending requirements
(due in part to its extensive use of co-packers), and its success
in recouping commodity cost increases through timely pricing
actions within its niche branded product offerings.

Moody's review of the ratings will focus primarily on the credit
profile of the company including potential synergies from the
acquisition, the fundamental changes in the product portfolio
associated with this transaction, and the company's acquisition
strategy going forward. Moody's expects the acquisition to increase
B&G's Moody's adjusted pro forma debt-to-EBITDA to a range of 5.5
to 6.0 times, depending on the final amount of incremental debt.
This compares to debt-to-EBITDA of 5.0 times for the twelve months
ended July 4, 2015. Moody's will also evaluate current and
projected operating performance.

B&G Foods ("B&G", NYSE: BGS) based in Parsippany, New Jersey, is a
publicly traded manufacturer and distributor of a diverse portfolio
of largely branded, shelf-stable food products, many of which have
leading regional or national market shares in niche categories. The
company also has a small presence in household products. B&G's
brands include Cream of Wheat, Ortega, Maple Grove Farms of
Vermont, Polaner, B&M, Las Palmas, Mrs. Dash, Pirate Brands and
Bloch & Guggenheimer among others. B&G sells to a diversified
customer base including grocery stores, mass merchants,
wholesalers, clubs, dollar stores, drug stores, the military and
other food service providers. Sales for the twelve months ended
July 4th, 2015 were nearly $858 million, the majority of which were
derived in the US, and the remainder in Canada.



B&G FOODS: S&P Puts 'BB-' CCR on CreditWatch Negative
-----------------------------------------------------
Standard & Poor's Ratings Services placed all of its ratings,
including its 'BB-' corporate credit rating, on Parsippany,
N.J.–based B&G Foods Inc. on CreditWatch with negative
implications.

S&P estimates that B&G had roughly $1 billion in adjusted debt
outstanding as of July 4, 2015.

The CreditWatch placement follows B&G's announcement that it will
be acquiring the Green Giant and Le Sueur brands from General Mills
for about $765 million.  B&G intends to fund the acquisition with
revolver borrowings and new incremental term loans.

"We believe the transaction could weaken B&G's credit protection
measures beyond our rating expectations at the 'BB-' level," said
Standard & Poor's credit analyst Bea Chiem.  "Still, we believe
that the Green Giant acquisition would modestly strengthen B&G's
competitive advantage with further product diversity, entry into a
new category, frozen foods, and greater scale."

Standard & Poor's will resolve the CreditWatch listing following
its review of the impact of the acquisition on B&G's business and
financial risk profile as well as the company's ability and
willingness to reduce debt to EBITDA to below 5x within 12 months
following the acquisition.  Upon completion of S&P's review, the
ratings for B&G could remain unchanged or be lowered by one notch.



BAHA MAR: Judge Appoints Liquidator with Limited Power
------------------------------------------------------
Stephanie Gleason, writing for Dow Jones' Daily Bankruptcy Review,
reported that a judge in the Bahamas said a liquidator could take
control of the stalled Baha Mar resort project to a liquidator, but
limited the official's powers.

According to the report, the Bahamian judge took the middle ground
in a ruling, read in court on Sept. 4, that appoints a liquidator
specifically for the purpose of preserving the assets of the $3.5
billion project, rather than authorizing the liquidator to develop
a plan for completion of the project.

                           About Baha Mar

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

The case is assigned to Judge Kevin J. Carey.

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

The Debtors' investment banker and financial advisor is Moelis
Company LLC.  The Debtors' claims and noticing agent is Prime
Clerk LLC.  The Committee tapped Cooley LLP as its lead counsel,
and Whiteford, Taylor & Preston LLC as its Delaware counsel.




BAHA MAR: Seeks Sept. 30 Schedules & Statements Filing Extension
----------------------------------------------------------------
Northshore Mainland Services Inc. and its affiliated debtors ask
the U.S. Bankruptcy Court for the District of Delaware to extend
the deadline for the filing of their schedules of assets and
liabilities and statements of financial affairs to Sept. 30, 2015,
or approximately one month from their current deadline Aug. 28,
2015.

The Debtors contend that since the filing of their Chapter 11
petitions, they had worked in faith to gather the information
required to complete their Schedules and Statements.  They assert
that as a consequence of the size and complexity of the chapter 11
cases, coupled with the limited time and resources available, the
Debtors have not yet finished gathering and compiling such
information.

The hearing on the Debtors' motion is scheduled on Sept. 18, 2015
at 11:00 a.m.  The deadline for the filing of objections to the
Debtors' motion is set on Sept. 11, 2015 at 4:00 p.m.

The Debtors' attorneys can be reached at:

          Laura Davis Jones, Esq.
          James E. O'Neill, Esq.
          Colin R. Robinson, Esq.
          Peter J. Keane, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          919 North Market Street, 17th Floor
          Wilmington, DE 19801
          Telephone: (302)652-4100
          Facsimile: (302)652-4400
          E-mail: ljones@pszjlaw.com
                  joneill@pszjlaw.com
                  crobinson@pszjlaw.com
                  pkeane@pszjlaw.com

                 - and -

          Paul S. Aronzon, Esq.
          Mark Shinderman, Esq.
          MILBANK, TWEED, HADLEY & MCCLOY LLP
          601 S. Figeuroa Street, 30th Floor
          Los Angeles, CA 90017
          Telephone: (213)892-4000
          Facsimile: (213)629-5063
          E-mail: paronzon@milbank.com
                  mshinderman@milbank.com

                 - and -

          Tyson M. Lomazow, Esq.
          Thomas J. Matz, Esq.
          Steven Z. Szanzer, Esq.
          MILBANK, TWEED, HADLEY & MCCLOY LLP
          28 Liberty Street
          New York, NY 10005
          Telephone: (212)530-5000
          Facsimile: (212)530-5219
          E-mail: guzzi@milbank.com
                  tmatz@milbank.com
                  sszanzer@milbank.com

                    About Baha Mar Enterprises

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

The case is assigned to Judge Kevin J. Carey.

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

The Debtors' investment banker and financial advisor is Moelis
Company LLC.  The Debtors' claims and noticing agent is Prime
Clerk LLC.  The Committee tapped Cooley LLP as its lead counsel,
and Whiteford, Taylor & Preston LLC as its Delaware counsel.



BON-TON STORES: Revolving Commitments Hiked to $650 Million
-----------------------------------------------------------
The Bon-Ton Department Stores, Inc., Carson Pirie Scott II, Inc.,
Bon-Ton Distribution, LLC, and McRIL, LLC, as borrowers, and The
Bon-Ton Stores, Inc. and The Bon-Ton Giftco, LLC, as obligors,
entered into a Commitment Increase Letter Acknowledgement
supplementing the Second Amended and Restated Loan and Security
Agreement, with Bank of America, N.A., as Agent, and certain
financial institutions as lenders, dated March 21, 2011.

Pursuant to the terms of the Letter Acknowledgment, the Tranche A
revolving commitments under the Loan Agreement were increased from
$575 million to $650 million.  This brings total revolving
commitments under the Loan Agreement to $750 million.

A copy of the Commitment Increase Letter Acknowledgment dated
Aug. 28, 2015, is available for free at http://is.gd/dffl9B

                       About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which
includes nine furniture galleries and four clearance centers, in 26
states in the Northeast, Midwest and upper Great Plains under the
Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman,
Herberger's and Younkers nameplates.  The stores offer a broad
assortment of national and private brand fashion apparel and
accessories for women, men and children, as well as cosmetics and
home furnishings.  For further information, please visit the
investor relations section of the Company's Web site at
http://investors.bonton.com.

Bon-Ton Stores reported a net loss of $6.97 million on $2.75
billion of net sales for the fiscal year ended Jan. 31, 2015,
compared to a net loss of $3.55 million on $2.77 billion of net
sales for the fiscal year ended Feb. 1, 2014.  The Company reported
a net loss of $21.6 million for the fiscal year ended Feb. 2,
2013.

As of Aug. 1, 2015, Bon-Ton Stores had $1.6 billion in total
assets, $1.58 billion in total liabilities and total shareholders
equity of $15.52 million.

                           *     *     *

As reported by the TCR on May 15, 2013, Moody's Investors Service
upgraded Bon-Ton Stores's Corporate Family Rating to 'B3' from
'Caa1' and its Probability of Default Rating to 'B3-PD' from
'Caa1-PD'.

"The upgrade of Bon-Ton's Corporate Family Rating considers the
company's ability to drive modest same store sales growth as well
as operating margin expansion beginning in the second half of 2012
and that these positive trends have continued, with the company
reporting that its same store were positive, and EBITDA margins
expanded, in the first fiscal quarter of 2013," said Moody's Vice
President Scott Tuhy.

As reported by the TCR on May 17, 2013, Standard & Poor's Ratings
Services affirmed the 'B-' corporate credit rating on Bon-Ton
Stores.


BOOMERANG TUBE: Gets Approval for Marubeni-Itochu Trade Deal
------------------------------------------------------------
Boomerang Tube LLC got court approval for a deal that would ensure
continued supply of goods from Marubeni-Itochu Tubulars America
Inc.

Marubeni-Itochu is considered an important supplier of Boomerang
Tube since some of the company's major customers use the
JFE-threaded couplings that the supplier sells.  These sales
comprised about $55 million of Boomerang Tube's annual revenue,
court filings show.

Under the deal, Marubeni-Itochu will continue to supply the company
for a period of not less than 18 months.  Boomerang Tube will be
provided with 60-day payment terms following approval of the
agreement.  

The agreement also requires the companies to release each other
from all claims and causes of action, including those under Chapter
5 of the Bankruptcy Code, arising prior to June 9, 2015.  A copy of
the agreement is available without charge at http://is.gd/fR60yt

Boomerang Tube's official committee of unsecured creditors had
earlier expressed its opposition to the agreement, saying it strips
one of the few potential sources of recovery from unsecured
creditors.   

According to the committee, Chapter 5 avoidance actions and other
unencumbered assets "could represent the primary sources of
recovery for unsecured creditors" who may receive nothing under
Boomerang Tube's proposed bankruptcy plan.

                        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 the 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.


BOOMERANG TUBE: SBBT Has Until Next Week to Make 1111(b) Election
-----------------------------------------------------------------
SB Boomerang Tubular, LLC has until Sept. 14, 2015, to elect to
have its $14 million claim against Boomerang Tube LLC treated as
secured.

Under section 1111(b) of the Bankruptcy Code, the company has a
right to have its claim treated as secured if it elects to do so.

SB Boomerang had earlier accused Boomerang Tube of attempting to
reduce its claim from $14 million to $4 million by proposing to
have their lease contract "recharacterized" as a financing
agreement under the company's bankruptcy plan.

Boomerang Tube's bankruptcy plan also proposes to treat the
remainder of the creditor's $14 million claim as a general
unsecured claim.

According to SB Boomerang, general unsecured creditors may get
nothing of what Boomerang Tube owes them under the proposed plan.

                        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 the 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.


BTB CORP: Confirms Foreclosure of Collateral for BSPR Loans
-----------------------------------------------------------
BTB Corp. has signed a stipulation confirming that some of its
accounts receivable were properly foreclosed by Banco Santander
Puerto Rico and do not constitute part of its bankruptcy estate.

Prior to BTB's bankruptcy filing, Banco Santander, a secured
creditor, initiated a foreclosure proceeding against the company
after the latter failed to repay its loans.

The loans are secured by BTB's accounts receivable and inventories.
The company owes Banco Santander more than $10.64 million as of
May 17, 2015, court filings show.

A copy of the stipulation is available without charge at
http://is.gd/CzEQiI

                      About BTB Corporation

BTB Corporation sought Chapter 11 protection (Bankr. D.P.R. Case
No. 15-03681) in Old San Juan, Puerto Rico, on May 17, 2015.
Samuel Lizardi signed the petition as interim president.  The
Debtor disclosed total assets of $16.5 million and total
liabilities of $13.2 million.

BTB said it sought bankruptcy protection as it is unable to meet
obligations as they mature, and creditors are threatening suit and
have threatened to undertake steps to obtain possession of its
assets.

The Debtor tapped Alexis Fuentes Hernandez, Esq., at Fuentes Law
Offices, LLC, as its counsel.


BUILDING #19: Sept. 18, 2015 Set as Admin. Claims Bar Date
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Massachusetts
established Sept. 18, 2015, as the deadline for any individual or
entity to file administrative proofs of claim against Building #19,
Inc.

                        About Building #19

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

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

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



CAESARS ENTERTAINMENT: 67% of First Lien Creditors Execute RSA
--------------------------------------------------------------
Caesars Entertainment Corporation and Caesars Entertainment
Operating Company, Inc., a majority owned subsidiary of CEC, and
certain beneficial holders of the claims under the first lien bank
debt incurred by CEOC pursuant to that certain Third Amended and
Restated Credit Agreement, dated as of July 25, 2014, by and among
CEC, CEOC, the lenders party thereto and Credit Suisse AG, Cayman
Islands Branch, as administrative agent, entered into an agreement
(the "Bank RSA") with respect to the restructuring of CEOC's
indebtedness.

As of Sept. 4, 2015, creditors holding at least 66.66% of the First
Lien Bank Claims have executed the Bank RSA.  Pursuant to the Bank
RSA, only holders of First Lien Bank Claims who have signed the
Bank RSA on or prior to the Upfront Payment Date are eligible to
receive the Upfront Payment.  Additionally, as a result of
execution of the Bank RSA by holders of 66.66% of the First Lien
Bank Claims CEC is obligated to make the initial payment of the RSA
Forbearance Fee.

                   About Caesars Entertainment

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

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

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

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

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

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

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

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

                         *     *     *

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

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


CAMBRIDGE ENDOSCOPIC: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Cambridge Endoscopic Devices, Inc.
        119 Herbert St.
        Framingham, MA 01702

Case No.: 15-41706

Chapter 11 Petition Date: September 3, 2015

Court: United States Bankruptcy Court
       District of Massachusetts (Worcester)

Judge: Hon. Melvin S. Hoffman

Debtor's Counsel: Michael J. Goldberg, Esq.
                  CASNER & EDWARS, LLP
                  303 Congress Street
                  Boston, MA 02210
                  Tel: (617) 426-5900
                  Fax: (617) 426-8810
                  Email: goldberg@casneredwards.com

                    - and -

                  David Koha, Esq.
                  CASNER & EDWARDS LLP
                  303 Congress Street
                  Boston, MA 02210
                  Tel: 617-426-5900
                  Fax: 617-426-8810
                  Email: koha@casneredwards.com

Total Assets: $3.1 million

Total Liabilities: $17.17 million

The petition was signed by Woojin Lee, president and treasurer.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mab15-41706.pdf


CASA MEDIA: Court Extends Plan Filing Deadline to Oct. 11
---------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida
granted the request of Casa Media Partners, LLC and Casa en Denver,
Inc., for a 60-day extension of their exclusive periods to file a
disclosure statement and plan, and to solicit and obtain
acceptances of that plan.

As reported in the Troubled Company Reporter on Aug. 21, 2015, the
Debtors asked the Court to extend until Oct. 11, 2015, their
exclusive period to file a plan and until Dec. 11, 2015, their
exclusive period to solicit acceptances of that plan.

In an agreed motion, the Debtors relate that they and Bank of
Commerce have been involved in substantive settlement discussions
stemming from an in-person settlement conference held between the
Parties.  Due to the nature and size of Bank of Commerce's claim as
a secured creditor, potential settlement terms could involve the
avoidance of claims or, altogether, negate the necessity for
bankruptcy protection.

                 About Casa Media

Casa Media Partners, LLC, and Casa en Denver, Inc. commenced
Chapter 11 bankruptcy cases (Bankr. S.D. Fla. Case Nos. 15-16741
and 15-16746) in Miami, Florida on April 15, 2015.  The petition
was signed by Juan Salvador Gonzalez, the chief financial officer.

Judge Hon. Robert A Mark presides over the cases.  The Debtors are
represented by Kristopher Aungst, Esq., at Tripp Scott, P.A., as
their counsel.  According to the docket, the deadline to file
claims for governmental units is on Oct. 13, 2015.


CASA MEDIA: Has Until October 9 to Decide on Leases
---------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida
extended the deadline within which Casa Media Partners, LLC, and
Casa en Denver, Inc., may assume or reject all of their unexpired
leases of nonresidential real property through and including Oct.
9, 2015.

As reported in the Troubled Company Reporter on Aug. 20, 2015, the
Debtors explained that the requested period falls well within the
acceptable parameters of the extension periods granted by courts in
other Chapter 11 cases of this size, stature and complexity.  The
extension sought would be without prejudice to the rights of the
Debtors to seek further extensions of time to assume or reject the
Unexpired Leases with the consent of the affected landlords, the
Debtor assert.  The Debtors further assert that it is irrefutable
that the Unexpired Leases are valuable assets of the Debtors'
estates and are integral to the continued operation of their
business.

However, the Debtors have been unable to make reasoned decisions as
to whether to assume or reject all the Unexpired Leases within 120
days of the Petition Date, and do not want to forfeit their right
to assume any Unexpired Lease as a result of the "deemed rejected"
provision of Section 365(d)(4)(A) of the Bankruptcy Code, or be
compelled to assume all those Unexpired Leases within that same
period in order to avoid rejections, with the resultant imposition
of potentially substantial administrative expenses on their
estates.

The Debtors told the Court are making timely payments for the use
of the property pursuant to the Unexpired Leases at the applicable
lease rates set forth in such Unexpired Leases and are continuing
to perform their other obligations under the Unexpired Leases in a
timely fashion, to the extent required by Section 365(d)(3).  It is
beyond dispute that the Debtors cannot operate their business
without the Unexpired Leases, the Debtors say.  The properties
leased by the Debtors under the Unexpired Leases include the
Debtors' office spaces and antenna sites.  At least in the short
term, it is impossible for the Debtors to find suitable
replacements for these Unexpired Leases.  It would not be prudent
for the Debtors to make any determinations concerning the
assumption or rejection of the Unexpired Leases before August 12,
2015.  

In addition to continuing to run their business and conduct
day-to-day operations since the Petition Date, the Debtors have
focused on stabilizing their businesses and ensuring a smooth
transition into Chapter 11, while also continuing to work jointly
with Bank of Commerce, the largest creditor in the Debtors' cases
and further developing the terms of a disclosure statement and
plan.  Moreover, the Debtors' Chapter 11 cases have been pending
for only less than four months, and therefore, the Debtors submit
that such a brief period of time is not a reasonable amount of time
for the Debtors to have comprehensively evaluated the Unexpired
Leases.  There is no reason why the Debtors' proposed extension of
time to assume or reject the Unexpired Leases could or would damage
the lessors that are parties to the Unexpired Leases in an amount
beyond the compensation as is available to the lessors under the
Bankruptcy Code, the Debtors asserted.

The Debtors' Chapter 11 cases while certainly not large in scale
are clearly complex due to the nature of the Debtors' businesses
and the potential spectrum sale that the Debtors are exploring, the
Debtors add.

         About Casa Media Partners

Casa Media Partners, LLC, and Casa en Denver, Inc. commenced
Chapter 11 bankruptcy cases (Bankr. S.D. Fla. Case Nos. 15-16741
and 15-16746) in Miami, Florida on April 15, 2015.  The petition
was signed by Juan Salvador Gonzalez, the chief financial officer.

Judge Hon. Robert A Mark presides over the cases.  The Debtors are
represented by Kristopher Aungst, Esq., at Tripp Scott, P.A., as
their counsel.  According to the docket, the deadline to file
claims for governmental units is on Oct. 13, 2015.


CASPIAN SERVICES: Harvey Sawikin Reports 7% Stake as of Aug. 7
--------------------------------------------------------------
In an amended schedule 13D filed with the Securities and Exchange
Commission, Firebird Avrora Advisors LLC disclosed beneficial
ownership of 1,814,165 shares; Firebird Management LLC beneficially
owned 1,847,500 shares; and Harvey Sawikin beneficially owned
3,661,665 shares of Caspian Services, Inc., which represents 3.4%,
3.5% and 7%, respectively of the shares outstanding.  The
percentages are based on 52,657,574 shares of Common Stock
outstanding as of Aug. 7, 2015.  A copy of the amended regulatory
filing is available for free at:

                       http://is.gd/aipEF4

                      About Caspian Services

Headquartered in Salt Lake City, Caspian Services, Inc., was
incorporated under the laws of the state of Nevada on July 14,
1998.  Since February 2002 the Company has concentrated its
business efforts to provide diversified oilfield services to the
oil and gas industry in western Kazakhstan and the Caspian Sea,
including providing a fleet of vessels, onshore, transition zone
and marine seismic data acquisition and processing services and a
marine supply and support base in the port of Bautino, in Bautino
Bay, Kazakhstan.

Caspian reported a net loss of $18.8 million on $29.9 million of
total revenue for the year ended Sept. 30, 2014, compared with a
net loss of $11.8 million on $33.08 million of total revenues for
the year ended Sept. 30, 2013.

The Company's independent auditors, Haynie & Company, P.C., in Salt
Lake City, Utah, issued a "going concern" qualification on the 2014
consolidated financial statements citing that, "[A] Company
creditor has indicated that it believes the Company may be in
violation of certain covenants of certain substantial financing
agreements.  The financing agreements have acceleration right
features that, in the event of default, allow for the loan and
accrued interest to become immediately due and payable."  According
to the auditors, as a result of this uncertainty, the Company has
included the note payable and all accrued interest as current
liabilities at Sept. 30, 2014.  At Sept. 30, 2014, the Company had
negative working capital of $85.0 million and for the year ended
Sept. 30, 2014, the Company had a net loss of $16.6 million."


CLAIRE'S STORES: Reports Fiscal 2015 Second Quarter Results
-----------------------------------------------------------
Claire's Stores, Inc., reported a net loss of $18.8 million on $348
million of net sales for the three months ended Aug. 1, 2015,
compared to a net loss of $20.6 million on $378 million of net
sales for the three months ended Aug. 2, 2014.

For the six months ended Aug. 1, 2015, the Company reported a net
loss of $54.3 million on $668 million of net sales compared to a
net loss of $58.7 million on $731 million of net sales for the six
months ended Aug. 2, 2014.

As of Aug. 1, 2015, the Company had $2.5 billion in total assets,
$2.9 billion in total liabilities and a $390 million stockholders'
deficit.

As of Aug. 1, 2015, cash and cash equivalents were $83 million,
including restricted cash of $0.3 million.  The Company had $111.3
million drawn on its revolver and an additional $50.1 million of
borrowing availability under its Credit Facilities as of that date.
Also, during the quarter, the Company amended the Euro revolver
from Euro 35 million to USD 50 million.  The fiscal 2015 second
quarter cash balance increase of $60.5 million consisted of
positive impacts of $59.9 million of Adjusted EBITDA and $43.8
million from net borrowings under the Credit Facilities offset by
reductions for $28 million of cash interest payments, $8.3 million
of capital expenditures, $3.7 million from seasonal working capital
uses and $3.2 million for tax payments and other items.

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

                         http://is.gd/zHiv8v

                        About Claire's Stores

Claire's Stores, Inc. -- http://www.clairestores.com/-- operates  

as a specialty retailer of fashion accessories and jewelry for
preteens and teenagers, as well as for young adults in North
America and internationally.  It offers jewelry products that
comprise costume jewelry, earrings, and ear piercing services; and
accessories, including fashion accessories, hair ornaments,
handbags, and novelty items.

Based in Pembroke Pines, Florida, Claire's Stores operates under
two brands: Claire's(R), which operates worldwide and Icing(R),
which operates only in North America.  As of Jan. 31, 2009,
Claire's Stores, Inc., operated 2,969 stores in North America and
Europe.  Claire's Stores also operates through its subsidiary,
Claire's Nippon, Co., Ltd., 213 stores in Japan as a 50:50 joint
venture with AEON, Co., Ltd.  The Company also franchises 198
stores in the Middle East, Turkey, Russia, South Africa, Poland
and Guatemala.

Claire's reported a net loss of $212 million for the fiscal year
ended Jan. 31, 2015, compared to a net loss of $65.3 million for
the fiscal year ended Feb. 1, 2014.

                           *     *     *

As reported by the TCR on April 13, 2015, Moody's Investors
Service downgraded Claire's Corporate Family Rating (CFR) to
Caa2 from Caa1.  The downgrade of Claire's ratings reflect
continued weak operating performance and deterioration of its
liquidity profile.

The TCR reported in April 2015 that Standard & Poor's Ratings
Services lowered its corporate credit rating on Claire's Stores
Inc. to 'CCC' from 'B-'.  "The rating action reflects our belief
that Claire's could violate its financial covenant under its
revolving credit facility in the upcoming quarters, given
continuously weak operating trends," said credit analyst Mariola
Borysiak.


CLARKE REAL ESTATE: Files for Ch 11; To Continue Townhouse Project
------------------------------------------------------------------
Clarke Real Estate Development, LLC, filed for Chapter 11
bankruptcy protection (Bankr. E.D. Pa. Case No. 15-16299) on Sept.
1, 2015, estimating its assets and debts at between $10 million and
$50 million each.  The petition was signed by Donovan Clarke, sole
member.

Alan J. Heavens at Philly.com reports that Mr. Clarke attributed
his decision to file for Chapter 11 to a "timing issue" with his
lender.  The report says that the bankruptcy filing follows
mortgage-foreclosure actions by the Company's original financial
partner, Dietz & Watson Inc. Union Employees Pension Plan and Dietz
& Watson Benefit Pension Fund.

Mr. Clarke had previously modified terms of his mortgage agreement
with Dietz & Watson in 2014, according to property records.  The
public records show that when Mr. Clarke failed to meet the new
conditions, Dietz & Watson moved forward with the foreclosure
process and has listed 21 of the Company's properties for sheriff's
sale.

Philly.com quoted Mr. Clarke as saying, "The lender opted not to
move forward with the project, but we have identified a new funding
source to complete the project."  The report states that Mr. Clarke
declined to identify the source of the new financing, saying, "you
never say it is a done deal until it is.  I'm pretty confident,
however."

Mr. Clarke said that he hoped to resume construction of the luxury
Parke Place townhouse in the 1300 block of Bainbridge Street in the
fall, according to the report.

Judge Ashely M. Chan presides over the case.

Thomas Daniel Bielli, Esq., at O'Kelly Ernst & Bielli, LLC, serves
as the Company's bankruptcy counsel.

Clarke Real Estate Development, LLC, is headquartered in
Philadelphia, Pennsylvania.  It is the developer of the luxury
Parke Place townhouse project in the 1300 block of Bainbridge
Street.


CLARKE REAL ESTATE: Ordered to Submit Required Documents
--------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Pennsylvania
has entered an order requiring Clarke Real Estate Development, LLC
to submit the following documents:

   * Matrix List of Creditors due 09/8/2015

   * Statement of Corporate Ownership due 09/15/2015

   * Atty Disclosure Statement due 9/15/2015

   * Schedule A due 9/15/2015

   * Schedule B due 9/15/2015

   * Schedule D due 9/15/2015

   * Schedule E due 9/15/2015

   * Schedule F due 9/15/2015
   
   * Schedule G due 9/15/2015

   * Schedule H due 9/15/2015
   
   * Statement of Financial Affairs due 9/15/2015

   * Summary of schedules due 9/15/2015

   * 20 Largest Unsecured Creditors due 9/15/2015

   * List of Equity Security Holders due 9/15/2015

Any request for an extension of time must be filed prior to the
expiration of the deadlines listed.

The Court ordered that the case may be dismissed without further
notice if the documents listed are not filed by the deadlines.

Clarke Real Estate Development, LLC sought Chapter 11 bankruptcy
protection (Bankr. E.D. Pa. Case No. 15-16299) on Sept. 1, 2015.
The petition was signed by Donovan Clarke as sole member.

The Debtor failed to file or submit with the petition all of the
documents required by Fed. R. Bankr.P.1007.

The Debtor estimated assets and debt in the range of $10 million to
$50 million.

Judge Ashely M. Chan is assigned to the case.  Thomas Daniel
Bielli, Esq., at O'Kelly Ernst & Bielli, LLC represents the Debtor
as counsel.


CLAYTON WILLIAMS: Moody's Cuts Corporate Family Rating to 'B3'
--------------------------------------------------------------
Moody's Investors Service downgraded Clayton Williams Energy,
Inc.'s (CWEI) Corporate Family Rating (CFR) to B3 from B2,
Probability of Default Rating (PDR) to B3-PD from B2-PD and senior
unsecured note rating to Caa1 from B3. Moody's affirmed CWEI's
SGL-3 Speculative Grade Liquidity Rating. The rating outlook is
stable.

Issuer: Clayton Williams Energy, Inc.

Corporate Family Rating (Local Currency), Downgraded to B3 from
B2

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

Senior Unsecured Notes, Downgraded to Caa1 (LGD5) from B3 (LGD5)

Speculative Grade Liquidity Rating (SGL), Affirmed SGL-3

Outlook, Stable

RATINGS RATIONALE

CWEI's B3 Corporate Family Rating reflects the company's weak
credit profile because of high leverage. Moody's expects CWEI's
cash flow coverage of debt and interest expense will decline due to
low commodity prices and lack of meaningful hedges. Moody's also
expects CWEI's debt-to-average daily production metric to exceed
$50,000 per barrel of oil equivalent (boe) per day and
debt-to-proved developed (PD) reserves figure to be roughly $18 per
boe over the next 12 months. CWEI's rating is supported by the
company's oil weighted production profile and reserve base, high
level of operating control of its property base and a seasoned
management team that has operated through numerous sector cycles.

CWEI's unsecured notes are rated Caa1, which is one notch below the
company's B3 CFR under Moody's Loss Given Default Methodology. This
notching reflects the priority claim given to the senior secured
revolving credit facility.

CWEI's SGL-3 Speculative Grade Liquidity Rating reflects its
adequate liquidity profile over the next 12 months. As of June 30,
2015, CWEI had over $350 million of liquidity including cash and
availability under its revolving credit facility with a $500
million borrowing base. The revolving credit facility is subject to
re-determination of its borrowing base in October 2015. The credit
facility's financial covenants were amended in February 2015, and
financial covenants in the facility through June 30, 2016 include a
maximum senior secured debt to EBITDA ratio of 2.5x, minimum EBITDA
to interest expense of 1.5x and a minimum current ratio of 1.0x.
However, after June 30, 2016, a maximum total debt to EBITDA
covenant of 4.0x will also be in place and we expect CWEI to have
difficulty in complying with its financial covenants, unless CWEI
is able to re-negotiate its financial covenants with the bank group
beforehand.

The stable outlook reflects the company's adequate liquidity at a
time of low commodity prices, Moody's expectation that CWEI will
likely receive covenant relief before June 30, 2016 and the
expectation of capital discipline combined with strategic actions
to support production and debt service. The company's ratings could
be downgraded further if liquidity drops below $100 million, debt /
average daily production exceeds $55,000 per boe on a sustained
basis or retained cash flow / debt approaches 5%. If retained cash
flow / debt approaches 15% or debt / average daily production is
sustained below $40,000, with expectations of further improvement
in leverage metrics, then the ratings may be considered for an
upgrade.

Clayton Williams Energy Inc. which is headquartered in Midland,
Texas is engaged in the exploration and production of oil, natural
gas liquids and natural gas.



CONNEAUT LAKE: Has 14 Days to File Revised Plan Outline
-------------------------------------------------------
Keith Gushard at Meadville Tribune reports that Chief Judge Jeffrey
Deller of U.S. Bankruptcy Court of Western Pennsylvania has given
Trustees of Conneaut Lake Park 14 days to file with the Court a
revised, more detailed disclosure statement on how the amusement
park will reorganize its debts.  The report adds that Judge Deller
will schedule a hearing on the revised disclosure statement
approximately one or two weeks after the filing.

Meadville Tribune relates that Judge Deller also wants the Trustees
to meet with its creditors to work out a possible deal.

At a hearing held on Sept. 1, 2015, attorneys for the creditors
objected to the current disclosure statement, Meadville Tribune
says.

According to Meadville Tribne, the attorneys for the amusement
park's creditors object to the disclosure statement and have called
for a liquidation of the park's assets to satisfy its outstanding
debt.

Meadville Tribune recalls that Trustees' proposed a reorganization
plan under which $611,000 in insurance proceeds from a 2013 fire
that destroyed the Beach Club night club would be used and some
waterfront property would be sold to satisfy the outstanding real
estate tax debt -- four taxing bodies would be repaid in full
within a year while others allowed secured non-tax claims against
the park would be paid in full over 20 years with 5% interest.  

Meadville Tribune states that the Trustees want to sell the Flynn
property -- a total of 13 parcels with a collective 330-feet of
lakefront access, located north of the amusement park's
midway/Beach Club site -- as it is not considered necessary for the
operation of the park.  The sale, says the report, would generate
between $900,000 and $1.3 million in revenue, and the park would
use up $300,000 from the proceeds of the sale and insurance money
as working capital.

The creditors' lawyers said that they aren't in favor of the
$300,000 of working capital going to the park, Meadville Tribune
relates.  The proposed plan has "no factual basis, no historical
basis. It's purely pie-in-the-sky,"  the report states, citing
Peter Acker, Esq., the attorney for Ron Anderson/First Capital
Finance, which holds a $189,521.90 debt for unpaid amusement tax
owed by the park.  Mr. Acker, according to the report, said that
his client wants liquidation of the park through an auction.

                     About Conneaut Lake Park

Conneaut Lake Park is a summer amusement resort, located in
Conneaut Lake, Pennsylvania.

Trustees of Conneaut Lake Park, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Pa. Case No. 14-11277) in Erie, Pennsylvania,
on Dec. 4, 2014.  The case is assigned to Judge Thomas P. Agresti.
The Debtor tapped George T. Snyder, Esq., at Stonecipher Law Firm,
in Pittsburgh, as counsel.  The Debtor estimated assets and debt of
$1 million to $10 million.

Trustees of Conneaut Lake Park filed for bankruptcy protection less
than 20 hours before the Crawford County amusement park was
scheduled to go to sheriff's sale for almost $930,000 in back taxes
and related fees.


CONSTRUCTION SUPERVISION: BB&T's Claim Denied Superpriority Status
------------------------------------------------------------------
Judge Stephani W. Humrickhouse of the United States Bankruptcy
Court for the Eastern District of North Carolina, Raleigh Division,
allowed Branch Banking and Trust Company's postpetition interest
and/or attorneys' fees in the amount of $34,868, but denied BB&T's
request for its claim to be treated as a superpriority claim
pursuant to Section 507(b) of the Bankruptcy Code.

BB&T, a secured creditor of Construction Supervision Services,
Inc., sought an administrative claim of $232,513, consisting solely
of attorneys' fees/costs and postpetition interest.  BB&T contended
that it is entitled to a superpriority administrative expense claim
pursuant to Section 507(b), because the adequate protection
provided by the debtor to BB&T during the chapter 11 was
inadequate.  The attorneys' fees and costs BB&T sought to recover
were incurred during the course of both the chapter 11 and chapter
7 case.

The trustee asserted that BB&T is only entitled to post-petition
interest and attorney's fees to the extent it was an oversecured
creditor.  According to the trustee, BB&T should not be permitted
any additional post-petition interest or attorneys' fees above the
$34,868.24 that remained after liquidating BB&T's collateral,
paying BB&T's claim in full and paying fees permitted under Section
506(c).  This remaining amount has already been paid to BB&T.  The
trustee also asserted that BB&T's claims should not be entitled to
superpriority status as BB&T failed to show that it is entitled to
priority under Section 507(b).

Judge Humrickhouse held that BB&T is deemed oversecured and
entitled to post-petition interest and attorneys' fees pursuant to
Section 506(b), but only to the extent of the collateral.  As such,
the judge allowed BB&T only the amount of $34,868.24, which amount
has already been paid to BB&T, and denied BB&T's request for
additional interest and attorney's fees.

Judge Humrickhouse also found that BB&T did not assert an actual
loss such as missed adequate protection payments, or a deficiency
after selling worthless collateral, but essentially asserted a
claim for its inability to collect its post-petition interest and
attorney's fees.

Judge Humrickhouse also found that BB&T has recovered exactly what
it is entitled to as a partially oversecured creditor: principal,
interest, and various fees totaling $1,265,868.55, the full amount
of its pre-petition claim, as well as a portion of its
post-petition interest and/or attorney's fees in the amount of
$34,868.24.  The judge further stated that BB&T has not established
any entitlement to additional post-petition interest or attorney's
fees, nor did it establish a decline in the value of the debtor's
accounts receivable.  Thus, Judge Humrickhouse concluded that BB&T
has not established that its adequate protection proved to be
inadequate, and that BB&T has not met its burden of proof with
respect to the application for a superpriority administrative
expense claim pursuant to section 507(b).

The case is IN RE: CONSTRUCTION SUPERVISION SERVICES, INC., Chapter
7, Debtor, CASE NO. 12-00569-8-SWH (Bankr. E.D.N.C.).

A full-text copy of Judge Humrickhouse's August 13, 2015  order is
available at http://is.gd/z8aw5Mfrom Leagle.com.

                   About Construction Supervision

Construction Supervision Services Inc. operates a full service
construction company.  The Debtor primarily performs utility and
site work on projects in eastern and central North Carolina.  Based
in Garner, North Carolina, Construction Supervision Services filed
a Chapter 11 petition (Bankr. E.D.N.C. Case No. 12-00569) on Jan.
24, 2012. Judge Randy D. Doub presides over the case.  William P.
Janvier, Esq., at Janvier Law Firm, PLLC, serves as the Debtor's
counsel.  The Debtor scheduled assets of $8,203,552 and liabilities
of $8,976,014.  The petition was signed by Jeremy Spivey,
president.


CORPORATE RESOURCE: Has Interim OK to Use WF Cash Collateral
------------------------------------------------------------
Judge Mary F. Walrath of the United States Bankruptcy Court for the
District of Delaware gave Corporate Resource Services, Inc, et.
al., interim authority to use cash collateral securing their
prepetition indebtedness from Wells Fargo.

As adequate protection, Wells Fargo will be granted valid, binding,
enforceable and automatically perfected replacement liens on and
security interests in the same types and items of the Debtors'
property that Wells Fargo held a valid, enforceable, binding and,
properly perfected lien or security interest in prepetition.
Finally, as adequate protection for the use of Wells Fargo's cash
collateral, the Debtors will reserve adequate protection payment
amounts for Wells Fargo.

The Debtors are represented by:

          Ronald S. Gellert, Esq.
          Byra M. Keilson, Esq.
          GELLERT SCALI BUSENKELL & BROWN, LLC
          913 N. Market Street, 10th Floor
          Wilmington, DE 19801
          Tel: (302) 425-5800
          Fax: (302) 425-5814
          E-mail: rgellert@gsbblaw.com
                  bkeilson@gsbblaw.com

                      About Corporate Resource

Corporate Resource Services, Inc., was a New York-based provider of
employment and human resource solutions for corporations throughout
the United States.  CRS leases its headquarters and does not own
any real property.  About 90% of CRS shares are owned by Robert
Cassera and the balance are traded OTC.

As of Dec. 31, 2014, CRS was one of the largest employment Staffing
companies in the U.S., providing employment and human resources
solutions for corporations with annual sales of about one billion
dollars.  In February 2015, CRS began an orderly wind down of
operations after discovering that TS Employment, Inc., a privately
held company owned by Mr. Cassera, failed to remit tens of millions
of dollars of the Debtors' withholding taxes to taxing
authorities.

TS Employment Inc., a professional employer organization that
provided payroll-related services for CRS, sought Chapter 11
protection (Bankr. S.D.N.Y. Case No. 15-10243) in Manhattan on
Feb. 2, 2015.  TSE tapped Scott S. Markowitz, Esq., at Tarter
Krinsky & Drogin LLP, in New York, as counsel.  Realization
Services Inc. serves as the Debtor's consultant.

CRS and its subsidiaries sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 15-11546) on July 23, 2015, to complete their
orderly wind down of operations.  Judge Kevin J. Carey presides
over the Chapter 11 cases.  The Debtors tapped (a) Gellert Scali
Busenkell & Brown, LLC, as bankruptcy counsel, (b) Wilmer Cutler
Pickering Hale & Dorr LLP, as special counsel; (c) Carter Ledyard
& Milburn LLP, as special SEC counsel, (d) SSG Capital Advisors as
financial advisors and investment bankers, and (e) Rust Omni LLC
as claims agent.

CRS estimated $10 million to $50 million in assets and $50 million
to $100 million in debt.


COUNTRY STONE: Liquidating Plan Set for Oct. 20 Confirmation
------------------------------------------------------------
OLD CSH, Inc., formerly known as Country Stone Holdings, Inc., is
now slated to seek confirmation of its Plan of Liquidation on Oct.
20, 2015, after it won approval of its Disclosure Statement.

Judge Thomas L. Perkins on Sept. 2, 2015, ordered that:

   * The Disclosure Statement dated July 21, 2015, as may have been
amended prior to the hearing on Sept. 1, 2015, is approved.

   * All objections to the Disclosure Statement that have not be
resolved or withdrawn are overruled on their merits.

   * On or before Sept. 14, 2015, the Debtors shall serve a copy of
the Disclosure Statement Order and the Notice of Confirmation
Hearing to creditors, equity security holders, and other parties in
interest, and will be transmitted to the United States Trustee, as
provided in Federal Rule of Bankruptcy Procedure 3017(d).

   * Oct. 13, 2015 is fixed as the last day for submitting ballots
accepting or rejecting the Plan.

   * Oct. 13, 2015 is fixed as the last day for filing and serving
pursuant to Federal Rule of Bankruptcy Procedure 3020(b)(1) written
objections to confirmation of the Plan.

   * Oct. 20, 2015, at 10:00 am is fixed for the hearing a
telephonic, preliminary, non-evidentiary hearing on the
confirmation of the Plan.  Parties participating in the hearing are
directed to call 1-877-336-1831 five minutes prior to the hearing
time.  Use Access Code 1082031.

Ronald D. Bjustrom; Smith Seed Services, L.L.C.; and BB & E
Aviation, et al., filed objections to the Disclosure Statement.

                      The Liquidating Plan

The Debtors in June 2015 sold most of their assets for a combined
purchase price of $29 million plus the value of inventory
determined at $4 million.  An auction was held in December 2014 at
which Hyponex and Techno-Bloc made the highest bids beating the
stalking horse, Quikrete Holdings Inc., which offered an initial
price of $20 million for almost all the assets.  Hyponex agreed to
acquire the mulch, soil, and grass seed business for $10 million
plus the value of inventory and a prorated portion of the breakup
fee being paid to Quikrete, while for $19 million plus the value of
inventory and part of the breakup fee, Techo-Bloc got the concrete
block and paver stone business.

Under the Plan:

  -- Holders of allowed non-priority tax claims (Class 1) estimated
at $0 will be paid in full.  The class is unimpaired. Estimated
recovery: 100%

  -- First Midwest's secured claim (Class 2), estimated at $10
million, to the extent determined as an allowed secured claim, will
have the same treatment as other secured claims in Class 3.  To the
extent determined as an unsecured claim, then such allowed First
Midwest general unsecured claim will receive the treatment set
forth for Class 4 general unsecured claims.  The class is impaired.
Estimated recovery: 0% to 100%

  -- Holders of other secured claims (Class 3) will receive, at the
option of the liquidating trustee: (x) the net proceeds of the sale
of the property secured the claim, or (y) the return of property
securing the allowed secured claim, or (z) cash equal to the value
of the property. The class is unimpaired.  Estimated recovery:
100%.  

  -- Holders of allowed general unsecured claims (Class 4)
estimated at $36,000,000 will receive a pro rata share of net
proceeds after the payment of allowed secured claims.  Estimated
recovery: 0% to 16%.

  -- Holders of equity interests (Class 5) will retain no ownership
interests in the Debtors.   Estimated recovery: 0%.

A copy of the Liquidating Trust Agreement is available for free
at:
        http://bankrupt.com/misc/Country_S_Plan_LTA.pdf

A copy of the Liquidation Analysis as of Aug. 18, 2015, is
available for free at:

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

A red-lined copy of the Disclosure Statement, as amended Aug. 31,
204, is available for free at:

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

                      About Country Stone

Country Stone Holdings, Inc., and its affiliates are in the
business of manufacturing, processing, and packaging lawn and
garden products such as mulch, soil, fertilizer, plant food,
organics, concrete and decorative stone.  The corporate
headquarters are located in Rock Island, Illinois and Milan,
Illinois.  Country Stone operates 17 plants throughout the United
States, including in Illinois, Iowa, Indiana, Minnesota,
Wisconsin, Missouri, and California.

Country Stone Holdings and its affiliates sought bankruptcy
protection (Bankr. C.D. Ill., Lead Case No. 14-81854) in Peoria,
Illinois, on Oct. 23, 2014, with a deal to sell to Quikrete
Holdings, Inc., for $23 million in cash plus the assumption of
liabilities, subject to higher and better offers.  The bankruptcy
cases are assigned to Judge Thomas L. Perkins.

Country Stone disclosed $45 million in liabilities.

The Debtors have tapped Katten Muchin Rosenman LLP as counsel;
Silverman Consulting to provide the services of Steven Nerger as
CRO and Michael Compton as cash and restructuring manager; and
Epiq Bankruptcy Solutions, LLC as claims, noticing and balloting
agent.

The Court authorized the corporate name change from Country Stone
Holdings, Inc., to Old CSH, Inc.

Nancy J. Gargula, U.S. Trustee for the Central District of
Illinois, has appointed five creditors to serve in the official
unsecured creditors committee in the Debtors' cases.


COYOTE LOGISTICS: S&P Withdraws 'B-' Rating on Sr. Secured Debt
---------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Coyote Logistics LLC to 'A+' from 'B-' following the
completion of United Parcel Service Inc.'s acquisition of the
company.  The outlook is stable.  S&P also removed the ratings from
CreditWatch, where it placed them with positive implications on
July 31, 2015.

S&P subsequently withdrew all of the ratings on the company,
including the 'A+' corporate credit rating and the 'B-' issue-level
rating and '4' recovery rating on the company's senior secured
debt, following the repayment of this debt.



CRAIG WALKER: Ch 11 Case Remains With Judge Elizabeth Brown
-----------------------------------------------------------
Cathy Proctor at the Denver Business Journal reports that the Hon.
Elizabeth Brown of the U.S. Bankruptcy Court for the District of
Colorado denied on Sept. 2, 2015, Wells Fargo Bank's motion for the
Court to step aside from the Chapter 11 bankruptcy case of Craig J.
Walker and Susan Ann Walker.

Business Journal relates that Wells Fargo Bank, one of the Walkers'
largest creditors and owed more than $28 million, had asked the
Court to abstain from the Chapter 11 case to allow other  judgments
from Illinois and Douglas County courts to move ahead.  

As reported by the Troubled Company Reporter on Aug. 11, 2015,
Wells Fargo said in court documents that a receiver has taken
possession of most of the Walkers' property in order to sell it to
repay the debt.  The Bank said it asked an Illinois court to issue
a bench warrant for Mr. Walker's arrest, and also filed a request
that he be held in contempt by the Douglas County District Court.

According to Business Journal, the Walkers and other creditors
objected to Wells Fargo's request, saying that the receiver
appointed by a Douglas County district court judge would work only
to the benefit of Wells Fargo and not the other creditors.  The
report adds that the Walkers' lawyers also have filed an appeal of
the Douglas County court ruling.

Craig Walker owns ranches, a bank, and a manufacturing company in
Colorado.

Craig J. Walker and Susan Ann Walker filed for Chapter 11
bankruptcy protection (Bankr. D. Colo. Case No. 15-18281) on July
24, 2015.

As reported by the Troubled Company Reporter on Aug. 11, 2015,
Cathy Proctor at Denver Business Journal reported that the Walkers
estimated their assets at between $100 million and $500 million and
liabilities at between $10 million and $50 million.


CRYOPORT INC: Amends Preferred Stock Certificate of Designations
----------------------------------------------------------------
Cryoport, Inc. submitted for filing with the Secretary of State of
the State of Nevada an Amendment to the Certificate of Designation
of the Class A Preferred Stock and an Amendment to the Certificate
of Designation of the Class B Preferred Stock, amending and
restating the voting rights applicable to the Class A Preferred
Stock and the Class B Preferred Stock to clarify that each share of
Class A Preferred Stock and each share of Class B Preferred Stock
is currently entitled to 2.5 votes per share, subject to adjustment
in the event of any future stock splits or combinations.

                          About Cryoport

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

Cryoport reported a net loss attributable to common stockholders of
$12.2 million for the year ended March 31, 2015, compared to a net
loss attributable to common stockholders of $19.6 million for the
year ended March 31, 2014.  As of June 30, 2015, the Company had $4
million in total assets, $1.9 million in total liabilities and $2
million in total stockholders' equity.

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


EARL GAUDIO: Gets Court Nod to Sell 2 UPS Stores' Assets
--------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of Illinois
authorized Earl Gaudio & Son, Inc., to sell assets that relate to
its operation of two UPS Stores: (a) Store 6236, located in
Danville, Illinois; and (b) Store 4323, located in Champaign,
Illinois.

The Court also ordered that report of sale is due Nov. 17, 2015.

As reported in the Troubled Company Reporter on July 20, 2015,
First Midwest Bank, as custodian, requested for authorization to
sell.  The Debtor identified two potential buyers for its assets:
Raffles Ventures, LLC, has offered $100,000 for Store 4323, and RPA
Management, Inc., has offered $90,000 for both stores.

Victoria E. Powers, Esq. At Ice Miller, LLP in Columbus, Ohio,
told the Court that the Debtor believes that a sale of the assets
represents the best opportunity for the Debtor to maximize value
for its creditors.  She further told the Court that in light of
the nature of the assets and the marketing that has been done, the
offer from Raffles Ventures is the highest and best offer that is
available for the assets.  The Debtor recognized, however, that
additional offers may be forthcoming, particularly in light of the
fact that the largest offer received to date is for only Store
4323.  Ms. Powers said the Debtor remains open to other bids from
entities that have been approved by TUPSS or which have sought
approval by TUPSS.

In the event that Raffles Ventures' offer remains the highest and
best offer, the Debtor may determine to close Store 6236 and reject
the relevant Franchise Agreement, real estate lease, and other
related executory contracts and unexpired leases.  The Debtor will
not assume the Franchise Agreement, real estate lease, or any other
executory contracts or unexpired leases related to Store 6236
unless a higher bid that includes that store is received.

Adrienne D. Atkins, Clerk of the U.S. Bankruptcy Court for the
Central District of Illinois, issued a Deficiency Notice, stating
that on June 19, 2015, the Motion to Sell Free and Clear of Liens
was found to be deficient and that any order entered will not
provide that the sale is free and clear of liens because no
particular liens were identified in the Motion as required by
Section 363(f).

Ms. Powers told the Court that she believes that the only entity
that may claim interest in the personal property being sold is
Regions Bank, which may claim a security interest in the personal
property to be included in the sale.  She further tells the Court
that the Debtor requests that the sale be free and clear of Regions
Bank's lien, which will transfer to the proceeds of the sale.

According to Ms. Power, RPA Management, Inc., had increased its
offer to $110,000 for both UPS Stores, and as a result of this
higher and better offer, the Debtor, through its counsel, will
conduct a telephonic auction.

                 About Earl Gaudio & Son, Inc.

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

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



ECOSPHERE TECHNOLOGIES: Extends Notes Maturity by One Year
----------------------------------------------------------
Ecosphere Technologies, Inc. entered into agreements with Brisben
Water Solutions, LLC and four other lenders under outstanding
convertible promissory notes of an aggregate principal amount of $4
million pursuant to which the maturity date of each note was
extended for an additional 12 months.  Notes in the original
principal amount of $2,000,000, previously maturing Sept. 12, 2015,
will now mature on Sept. 12, 2016.  Additional notes in the
original principal amount of $2,000,000, previously maturing on
Dec. 18, 2015, will now mature on Dec. 15, 2016.  All notes bear
interest at 10% annually.

As consideration for extending the maturity date of the notes, the
Company issued the lenders or their affiliates a total of
28,140,286 shares of common stock in its majority-owned subsidiary,
Sea of Green Systems, Inc., constituting approximately 24% of Sea
of Green's outstanding shares.  The Company also agreed to issue
additional shares of Sea of Green to the lenders in order to
preserve the lenders' aggregate 24% ownership through the date that
Sea of Green's common stock is first registered under the
Securities Act of 1933 or the Securities Exchange Act of 1934.

On Aug. 28, 2015, the Company and Brisben entered into a loan
arrangement pursuant to which Brisben loaned the Company $125,000
in exchange for a 10% secured convertible promissory note due Sept.
12, 2016, convertible into the Company's common stock at $0.115 per
share and a five-year warrant to purchase 2,173,913 shares of the
Company's common stock exercisable at $0.115 per share.  If, at the
time of conversion of the Note or exercise of the warrants, the
Company does not have sufficient authorized common stock available,
the Note and warrants will be convertible or exercisable, as
applicable, into an equivalent number of shares of a new series of
preferred stock of the Company, the Series C Convertible Preferred
Stock.  The Note is secured by collateral received by Brisben, as
previously disclosed, for notes evidencing prior loans totaling
$2,000,000.
Additionally, on Aug. 28, 2015, the Company and Brisben entered
into a loan arrangement pursuant to which Brisben advanced the
Company $150,000 in exchange for a fixed interest amount of
$10,000.  The Advance shall be due and payable upon the earlier of
(i) receipt by the Company of $150,000 from the customer and (ii)
30 days from the date of issuance.  The Advance is secured by a
security interest in a $150,000 customer account receivable, and a
security interest in a water treatment system being manufactured
for such customer.

                   About Ecosphere Technologies

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

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

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

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


ELBIT IMAGING: 2015 Annual General Meeting Set for Oct. 19
----------------------------------------------------------
An annual general neeting of shareholders of Elbit Imaging Ltd.
will be held at 11:00 a.m. (Israel time) on Oct. 19, 2015, at the
Company's offices at 7 Mota Gur Street, Petach Tikva, Israel.

The agenda of the Meeting will be as follows:

  1. To determine whether the Company's Board of Directors shall
     be comprised of four directors or five directors (in addition
     to two external directors), with that determination valid
     until the next Annual General Meeting of Shareholders.

  2. To re-elect up to five members of the Company's Board of
     Directors who are not external directors, each to hold office
     until the close of the next Annual General Meeting of
     Shareholders at which one or more directors are elected or
     until their successors have been duly elected.  The Company's
     external directors will continue to serve their respective
     three-year terms.  The following six individuals have been
     nominated to serve as directors by the Company's Board of
     Directors: Alon Bachar, Ron Hadassi, Shlomi Kelsi, Yoav Kfir,
     Boaz Lifschitz and Nadav Livni.  If the Meeting decides that
     the Board of Directors will be comprised of four directors,
     then the four Nominees who receive the greatest number of
     affirmative votes will be re-elected to the Board of
     Directors.  If the Meeting decides that the Board of
     Directors will be comprised of five directors, then the five
     Nominees who receive the greatest number of affirmative votes
     will be re-elected to the Board of Directors.

  3. To approve compensation for the Company's directors who are
     not external directors, other than the Company's Chairman of
     the Board, Mr. Ron Hadassi;

  4. To re-appoint Brightman Almagor Zohar & Co., a member of
     Deloitte, as the Company's independent auditors until the
     next annual general meeting of shareholders and authorize the
     Company's Board of Directors to determine their fees; and

  5. To discuss the Company's financial statements for the years
     ended Dec. 31, 2014.

Only shareholders of record at the close of business on Sept. 17,
2015, are entitled to notice of, and to vote at, the Meeting and
any adjournment or postponement thereof.

                       About Elbit Imaging

Tel-Aviv, Israel-based Elbit Imaging Ltd. (TASE, NASDAQ: EMITF)
holds investments in real estate and medical companies.  The
Company, through its subsidiaries, also develops shopping and
entertainment centers in Central Europe and invests in and manages
hotels.

Since February 2013, Elbit has intensively endeavored to come to
an arrangement with its creditors.  Elbit has said it has been
hanging by a thread for more than five months.  It has encountered
cash flow difficulties and this burdens its day to day activities,
and it certainly cannot make the necessary investments to improve
its assets.  In light of the arrangement proceedings, and
according to the demands of most of the bondholders, as well as an
agreement that was signed on March 19, 2013, between Elbit and the
Trustees of six out of eight series of bonds, Elbit is prohibited,
inter alia, from paying off its debts to the financial creditors
-- and as a result a petition to liquidate Elbit was filed, and
Bank Hapoalim has declared its debts immediately payable,
threatening to realize pledges that were given to the Bank on
material assets of the Company -- and Elbit undertook not to sell
material assets of the Company and not to perform any transaction
that is not during its ordinary course of business without giving
an advance notice to the trustees.

Accountant Rony Elroy has been appointed as expert for examining
the debt arrangement in the Company.

In July 2013, Elbit Imaging's controlling shareholders, Europe-
Israel MMS Ltd. and Mr. Mordechay Zisser, notified the Company
that the Tel Aviv District Court has appointed Adv. Giroa Erdinast
as a receiver with regards to the ordinary shares of the Company
held by Europe Israel securing Europe Israel's obligations under
its loan agreement with Bank Hapoalim B.M.  The judgment stated
that the Receiver is not authorized to sell the Company's shares
at this stage.  Following a request of Europe-Israel, the Court
also delayed any action to be taken with regards to the sale of
those shares for a period of 60 days.  Europe Israel and
Mr. Zisser have also notified the Company that they utterly reject
the Bank's claims and intend to appeal the Court's ruling.

As of June 30, 2015, the Company had NIS 2.8 billion in total
assets, NIS 2.5 billion in total labilities and NIS 338.3 million
in shareholders' equity.


ERG INTERMEDIATE: Court Approves CLMG Compromise
------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of ERG Resources, LLC, et al., sought and obtained from Judge
Harlin D. Hale of the U.S. Bankruptcy Court for the Northern
District of Texas, Dallas Division, approval of a compromise of
controversies in accordance with a Settlement and Transaction
Support Agreement entered into by: (a) the Committee, (b) CLMG
Corp., in its capacities as the pre-petition agent, the
pre-petition collateral agent, the DIP administrative agent and the
DIP collateral agent, and (ii) LNV Corporation, in its capacities
as pre-petition lender and DIP lender.

The settlement resolves all of the Committee's actual and potential
objections and challenges to, among other things, the Claims
Stipulations, the Sale Motion, and related matters.

The salient terms of the Agreement, among others, are as follows:

     (1) No Challenge by Committee to Claims Stipulations.  The
Committee will waive any and all rights to assert any challenge to
the Claims Stipulations during or after the Challenge Period and
admits, agrees, and acknowledges that it and the Debtors' estates
are forever and irrevocably bound by the Claims Stipulations,
including, without limitation, the releases set forth in Paragraph
G(vii) of the Final DIP Order.

     (2) Funding by DIP Lender Under DIP Budget:

          (a) Obligations Affirmed.  The DIP Lender will fund the
DIP Budget in accordance with the terms of the DIP Credit Agreement
and the Final DIP Order; provided, that professional fees set aside
in the DIP Budget for the Committee will be equal to the Committee
Professional Fee Cap and will not be reduced.

          (b) Committee Professional Fees.  On the date of closing
of an Approved Transaction, the DIP Lender will fund under the DIP
Facility the lesser of (x) the amount sufficient to satisfy all
claims of professionals employed by the Committee for fees and
expenses allowed by the Bankruptcy Court; and (y) $1,650,000.  To
the extent that the Committee Professional Fee Cap is exceeded, any
such fees and expenses will not be paid by the Bank, from any
collateral of the Bank or by the Debtors from the proceeds of the
DIP Facility or otherwise; provided, that the Committee reserves
the right to pay such fees and expenses from the proceeds of Exempt
Assets to the extent such assets are monetized prior to the
effective date of a plan of reorganization or liquidation and the
establishment of the Liquidating Trust and thereafter to cause the
Liquidating Trust to assume the obligation to pay the remaining
amount of unpaid fees and expenses.  The Committee and its
professionals will waive the right to object to a plan of
reorganization or liquidation on the grounds that the Debtors'
estates must pay the professional fees and costs of the Committee
in excess of the Committee Professional Fee Cap.

          (c) Essential Supplier Payments.  The DIP Agent and the
DIP Lender shall provide the requisite consent pursuant the DIP
Credit Agreement to permit the Debtors' estates to expend not less
than $4 million to pay some or all of the prepetition claims owed
to certain entities as authorized by the Order Authorizing the
Debtors to Pay Prepetition Claims of Certain Essential Suppliers in
accordance with the terms of the Agreement.  In the event that the
DIP Lender has not funded the full amount of the Essential Provider
Bucket by the six month anniversary of the Effective Date, (i) the
DIP Lender will advance the unused portion of the Essential
Provider Bucket to the Debtor for contribution to the Liquidating
Trust and (ii) the DIP Lender will have no further obligation to
make advances in respect of Essential Provider Claims.

     (3) Bank's Conditional Limited Waiver of Liens and Right of
Recovery from Proceeds of Certain Assets/ Funding of Certain
Payments/Conditional Waiver of Estate Claims Relating to Lambert
Road Property/ Committee Support of Approved Transaction.

          (a) Upon the closing of an Approved Sale or any other
transaction approved by the Bank with respect to the Debtors' oil
and gas assets located in California, which may include the direct
or indirect transfer of the California Assets to itself or any
third party:

            (i) the Bank will waive any and all liens against the
Exempt Assets;

           (ii) the Bank will waive the right to share in the
proceeds of any Exempt Assets or the Liquidating Trust, including,
without limitation, on account of claims arising under 11 U.S.C.
Section 507(b) or relating to the DIP Facility.

          (iii) the Debtors and their estates will release and
waive any rights to all Avoidance Actions seeking either of the
following: (a) avoidance of any transfer of the property commonly
known as 200 Lambert Road, Carpinteria, California 93013; or (b)
recovery of the value of the Lambert Road Property or any proceeds
thereof, will be released.

          (iv) the DIP Agent and the DIP Lender will fund into the
estates an amount equal to the difference between $1,650,000 and
the amount of professional fees and expenses already funded to the
Debtors to pay Committee professionals. The Committee Amount shall
be part of the Post Sale Carve-Out provided for in the Final DIP
Order. The Debtors shall repay to the DIP Agent, upon demand, any
portion of the Committee Amount ultimately determined by the DIP
Agent to be in excess of the Committee Professional Fee Cap.

Jason R. Searcy, Esq., at Searcy & Searcy P.C., in Longview, Texas,
tells the Court that the Agreement will resolve the Committee's
potential objections and disputes regarding the amount,
enforceability, validity, priority, extent and non-avoidability of
the claims and liens asserted by the Bank, thereby avoiding
unnecessary litigation costs and delay while providing certainty
regarding consummation of an Approved Transaction and the Bank's
liens and claims.

Scott Y. Wood, ultimate owner of both ERG Intermediate Holdings,
LLC and CTS Properties Ltd., made a limited objection to the
Official Committee of Unsecured Creditor's motion, seeking
clarification and confirmation that the Committee and any successor
to the Debtors or the Debtors' estates have disclaimed any right or
ability to execute on the Lambert Road Property and to confirm that
the other benefits of the pre-petition restructuring support
agreement are maintained. Mr. Wood's objection was overruled by the
Court.

The Official Committee of Unsecured Creditors is represented by:

          Jason R. Searcy, Esq.
          SEARCY & SEARCY P.C.
          446 Forest Square
          P.O. Box 3929
          Longview, TX 75606
          Telephone: (903)757-3399
          Facsimile: (903)757-9559
          E-mail: jsearcy@jrsearcylaw.com

                  - and -

          Jeffrey N. Pomerantz, Esq.
          Robert J. Feinstein, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          10100 Santa Monica Boulevard, 13th Floor
          Los Angeles, California 90067
          Telephone: (310)277-6910
          Facsimile: (310)201-0706
          E-mail: jpomerantz@pszjlaw.com
                  rfeinstein@pszjlaw.com

Scott Y. Wood is represented by:

          Charles A. Beckham, Jr., Esq.
          HAYNES AND BOONE, LLP
          1221 McKinney, Suite 2100
          Houston, TX 77010
          Telephone: (713)547-2000
          Facsimile: (713)547-2600
          E-mail: charles.beckham@haynesboone.com

                  - and -

          Charles M. Jones II, Esq.
          Jarom J. Yates, Esq.
          HAYNES AND BOONE, LLP
          2323 Victory Avenue, Suite 700
          Dallas, TX 75219
          Telephone: (214)651-5000
          Facsimile: (214)200-0784
          E-mail: charlie.jones@haynesboone.com
                  jarom.yates@haynesboone.com

                      About ERG Intermediate

ERG Resources, LLC, is a privately owned oil & gas producer that
was formed in 1996.  Since 2010, ERG Resources and ERG Operating
Co. have been primarily engaged in the exploration and production
of crude oil and natural gas in the Cat Canyon Field in Santa
Barbara County, California.  ERG Resources owns 19,027 gross lease
acreage in the Cat Canyon Field.  ERG Resources also owns and
operates oil & gas leases representing 683 gross acres of leasehold
located in Liberty County, Texas.  The Company's corporate
headquarters is located in Houston, Texas.  Scott Y. Wood, through
two of his affiliates, owns 100% of the membership units in ERG
Intermediate Holdings LLC, the parent company.

ERG Intermediate Holdings, ERG Resources and three affiliates
sought Chapter 11 bankruptcy protection (Bankr. N.D. Tex. Case No.
15-31858) on April 30, 2015, in  Dallas, Texas.

The Debtors tapped Jones Day as counsel; DLA Piper as co-counsel;
AP Services, LLC, to provide a CRO; and Epiq Bankruptcy Solutions,
LLC.

ERG Intermediate estimated $100 million to $500 million in assets
and debt.

The U.S. Trustee overseeing the Chapter 11 case of ERG Intermediate
Holdings LLC appointed five creditors of the company to serve on
the official committee of unsecured creditors.



ERG INTERMEDIATE: Lease Decision Period Extended to Nov. 25, 2015
-----------------------------------------------------------------
ERG Intermediate Holdings, LLC, and its affiliated debtors sought
and obtained from Judge Harlin D. Hale of the U.S. Bankruptcy Court
for the Northern District of Texas, Dallas Division, an extension
of their deadline to assume or reject unexpired leases of
nonresidential real property from Aug. 28, 2015 to Nov. 25, 2015.

Judge Hale likewise authorized the Debtors to further extend the
assumption/rejection deadline beyond Nov. 25, 2015, without further
order from the Court, but with the affected lessor's written
consent.

Tom A. Howley, Esq., at Jones Day, in Houston, Texas, tells the
Court that without the requested relief, the Debtors had to assume
or reject all of their real property leases by Aug. 28, 2015,
otherwise, such leases would be deemed rejected by operation of the
Bankruptcy Code. He further tells the Court that many of these
leases may be among the California assets that the Debtors have
been actively marketing for sale since the commencement of the
chapter 11 cases. He relates that although the hearing for the
California Sale was scheduled for Aug. 25, 2015, it was possible
that unexpected delays, including potentially more time needed to
obtain the highest and best price for the Debtors' California
assets, could push the sale process into the early fall. He
contends that compelling the Debtors to assume or reject their real
property leases before consummation of the California sale or prior
to the formulation of a viable plan of adjustment would curtail the
Debtors' flexibility and potentially harm the estates.

The Debtors' attorneys can be reached at:

          Tom A. Howley, Esq.
          JONES DAY
          717 Texas Avenue, Suite 3300
          Houston, TX 77002
          Telephone: (832)239-3939
          E-mail: tahowley@jonesday.com

                 - and -

          Brad B. Erens, Esq.
          Joseph A. Florczak, Esq.
          JONES DAY
          77 West Wacker
          Chicago, Illinois 60601
          Telephone: (312)782-3939
          E-mail: bberens@jonesday.com
                 jflorczak@jonesday.com

                      About ERG Intermediate

ERG Resources, LLC, is a privately owned oil & gas producer that
was formed in 1996.  Since 2010, ERG Resources and ERG Operating
Co. have been primarily engaged in the exploration and production
of crude oil and natural gas in the Cat Canyon Field in Santa
Barbara County, California.  ERG Resources owns 19,027 gross lease
acreage in the Cat Canyon Field.  ERG Resources also owns and
operates oil & gas leases representing 683 gross acres of leasehold
located in Liberty County, Texas.  The Company's corporate
headquarters is located in Houston, Texas.  Scott Y. Wood, through
two of his affiliates, owns 100% of the membership units in ERG
Intermediate Holdings LLC, the parent company.

ERG Intermediate Holdings, ERG Resources and three affiliates
sought Chapter 11 bankruptcy protection (Bankr. N.D. Tex. Case No.
15-31858) on April 30, 2015, in  Dallas, Texas.

The Debtors tapped Jones Day as counsel; DLA Piper as co-counsel;
AP Services, LLC, to provide a CRO; and Epiq Bankruptcy Solutions,
LLC.

ERG Intermediate estimated $100 million to $500 million in assets
and debt.

The U.S. Trustee overseeing the Chapter 11 case of ERG
Intermediate
Holdings LLC appointed five creditors of the company to serve on
the official committee of unsecured creditors.



ERG INTERMEDIATE: Plan Solicitation Period Extended to Nov. 2, 2015
-------------------------------------------------------------------
Judge Harlin D. Hale of the U.S. Bankruptcy Court for the Northern
District of Texas, Dallas Division, entered an order granting ERG
Intermediate Holdings, LLC and its affiliated debtors an extension
(i) until Sept. 3, 2015, of their exclusive period to file a
chapter 11 plan and (ii) until Nov. 2, 2015, of the period to
solicit acceptances of the plan.

The Debtors requested for a two-month extension of the exclusive
plan proposal and solicitation period, which were set to expire
Aug. 28, 2015, and Oct. 27, 2015.  The Debtors told the Court that
the sale of the assets was expected to close by the end of August,
and the Debtors intend to file a plan soon after closing.

The Debtors on Sept. 3, 2015, filed a Chapter 11 plan and
disclosure statement.

ERG Intermediate Holdings, LLC and its affiliated Debtors are
represented by:

          Tom A. Howley, Esq.
          JONES DAY
          717 Texas Avenue, Suite 3300
          Houston, TX 77002
          Telephone: (832)239-3939
          E-mail: tahowley@jonesday.com

                    - and -

          Brad B. Erens, Esq.
          Joseph A. Florczak, Esq.
          JONES DAY
          77 West Wacker
          Chicago, Illinois 60601
          Telephone: (312)782-3939
          E-mail: bberens@jonesday.com
                 jflorczak@jonesday.com

                      About ERG Intermediate

ERG Resources, LLC, is a privately owned oil & gas producer that
was formed in 1996.  Since 2010, ERG Resources and ERG Operating
Co. have been primarily engaged in the exploration and production
of crude oil and natural gas in the Cat Canyon Field in Santa
Barbara County, California.  ERG Resources owns 19,027 gross lease
acreage in the Cat Canyon Field.  ERG Resources also owns and
operates oil & gas leases representing 683 gross acres of
leasehold
located in Liberty County, Texas.  The Company's corporate
headquarters is located in Houston, Texas.  Scott Y. Wood, through
two of his affiliates, owns 100% of the membership units in ERG
Intermediate Holdings LLC, the parent company.

ERG Intermediate Holdings, ERG Resources and three affiliates
sought Chapter 11 bankruptcy protection (Bankr. N.D. Tex. Case No.
15-31858) on April 30, 2015, in  Dallas, Texas.

The Debtors tapped Jones Day as counsel; DLA Piper as co-counsel;
AP Services, LLC, to provide a CRO; and Epiq Bankruptcy Solutions,
LLC.

ERG Intermediate estimated $100 million to $500 million in assets
and debt.

The U.S. Trustee overseeing the Chapter 11 case of ERG
Intermediate
Holdings LLC appointed five creditors of the company to serve on
the official committee of unsecured creditors.



FIRST KOREN CHRISTIAN: Voluntary Chapter 11 Case Summary
--------------------------------------------------------
Debtor: First Koren Christian Church of San Jose
        5530 Carew Way
        San Jose, CA 95123

Case No.: 15-52857

Chapter 11 Petition Date: September 3, 2015

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Judge: Hon. Dennis Montali

Debtor's Counsel: Stanley A. Zlotoff, Esq.
                  LAW OFFICES OF STANLEY A. ZLOTOFF
                  300 S 1st St. #215
                  San Jose, CA 95113
                  Tel: (408)287-5087
                  Email: zlotofflaw@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Dae Young Kim, CEO.

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


FREESEAS INC: Announces New Charter for Vessel
----------------------------------------------
FreeSeas Inc. announced that the owned vessel M/V Free Neptune, a
1996-built, 30,838 dwt Handysize vessel, has been delivered to her
charterers for a time charter trip of a duration of approximately
30 days at a gross rate of $9,500 per day.  The previous time
charter trip of a duration of 37 days, at a gross rate of $8,900
per day, was completed five days ago.

Mr. Ion G. Varouxakis, the Company's CEO commented: "We are pleased
that the M/V Free Neptune has been able to secure employment at
rates comfortably above her running expenses.  This reflects an
overall much improved picture for time charter rates compared to
the situation at the beginning of the year.  We look forward to
gradually seeing similar results for the rest of the fleet,
depending on positional situations."

                        About FreeSeas Inc.

Headquartered in Athens, Greece, FreeSeas Inc., formerly known as
Adventure Holdings S.A., was incorporated in the Marshall Islands
on April 23, 2004, for the purpose of being the ultimate holding
company of ship-owning companies.  The management of FreeSeas'
vessels is performed by Free Bulkers S.A., a Marshall Islands
company that is controlled by Ion G. Varouxakis, the Company's
Chairman, President and CEO, and one of the Company's principal
shareholders.

The Company's fleet consists of six Handysize vessels and one
Handymax vessel that carry a variety of drybulk commodities,
including iron ore, grain and coal, which are referred to as
"major bulks," as well as bauxite, phosphate, fertilizers, steel
products, cement, sugar and rice, or "minor bulks."  As of
Oct. 12, 2012, the aggregate dwt of the Company's operational
fleet is approximately 197,200 dwt and the average age of its
fleet is 15 years.

Freeseas reported a net loss of $12.7 million in 2014, a net loss
of $48.7 million in 2013 and a net loss of $30.9 million in 2012.

As of Dec. 31, 2014, the Company had $64.25 million in total
assets, $39.2 million in total liabilities and $25 million total
shareholders' equity.

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2014, citing that the Company has incurred recurring operating
losses and has a working capital deficiency.  In addition, the
Company has failed to meet scheduled payment obligations under its
loan facilities and has not complied with certain covenants
included in its loan agreements.  Furthermore, the vast majority of
the Company's assets are considered to be highly illiquid and if
the Company were forced to liquidate, the amount realized by the
Company could be substantially lower that the carrying value of
these assets.  Also, the Company has disclosed alternative methods
of testing the carrying value of its vessels for purposes of
testing for impairment during the year ended December 31, 2014.
These conditions among others raise substantial doubt about the
Company's ability to continue as a going concern.


FUSION TELECOMMUNICATIONS: Fusion NBS Signs $40MM Credit Facility
-----------------------------------------------------------------
Fusion NBS Acquisition Corp. entered into a new $40 million credit
facility with Opus Bank on Aug. 28, 2015, according to a document
filed with the Securities and Exchange Commission.  

The Credit Agreement consists of a $15 million revolver and a $25
million term loan.  Amounts borrowed under the revolver must be
used to retire notes issued under FNAC's existing senior note
facility and for general working capital purposes.  Amounts
borrowed under the term loan must be used to fund approved
acquisitions.  All borrowings under the Credit Agreement bear
interest at a rate equal to the higher of (a) the rate of interest
in effect for such day as publicly announced from time to time by
the Wall Street Journal as its "prime rate" (or the average prime
rate if a high and a low prime rate are therein reported) plus the
Applicable Margin (as defined) then in effect at such time, or (b)
3.25% plus the Applicable Margin and are secured by a first
priority security interest on all of the assets of FNAC, Fusion
Telecommunications International, Inc., Fusion BVX, LLC, PingTone
Communications, Inc., and Network Billing Systems, LLC, as well as
the capital stock of each of Fusion's subsidiaries.  Under the
Credit Agreement, "Applicable Margin" is calculated based on the
ratio of Senior Indebtedness to Adjusted EBITDA (each as defined in
the Credit Agreement) and ranges from 1.25% to 2.00% based on the
ratio level.

In addition, subject to certain limitations, Fusion, FBVX, NBS and
PingTone have guaranteed FNAC's obligations under the Credit
Agreement, including FNAC's obligations to repay all borrowings.
The maturity date of amounts borrowed under the revolver is
Aug. 28, 2019, and the maturity date of any amounts borrowed under
the term loan is Aug. 28, 2020.

The Credit Agreement contains a number of affirmative and negative
covenants, including but not limited to, restrictions on paying
indebtedness subordinate to borrowings under the Credit Agreement,
incurring additional indebtedness, making capital expenditures,
dividend payments and cash distributions by subsidiaries.  The
Credit Agreement also requires on-going compliance with various
financial covenants, including a maximum senior leverage ratio,
fixed charge coverage ratio and minimum levels of earnings before
interest, taxes, depreciation and amortization. Effective Dec. 31,
2015, Fusion is required to maintain a minimum unencumbered cash
bank balance of no less than $1 million at all times.  Failure to
comply with any of the restrictive or financial covenants could
result in an event of default and accelerate demand for repayment
of amounts borrowed under the Credit Agreement.

Simultaneous with the execution of the Credit Agreement, Fusion,
FNAC, FBVX, NBS and PTC executed the Third Amended and Restated
Securities Purchase Agreement and Security Agreement with
Praesidian Capital Opportunity Fund III, L.P., Praesidian Capital
Opportunity Fund III-A, LP and United Insurance Company of America.
The Restated Purchase Agreement amends and restates the terms of
the Second Amended and Restated Securities Purchase Agreement and
Security Agreement, dated Oct. 31, 2014, with the original lenders,
pursuant to which FNAC previously sold its Series A, Series B,
Series C, Series D and Series E senior notes in an aggregate
principal amount of $42 million.  Under the Restated Purchase
Agreement, (i) approximately $11 million of the Original Notes held
by Plexus Fund II, L.P. , Plexus Funds III, L.P. and Plexus Fund QP
III, L.P. were paid in full with borrowings under the Credit
Agreement, (ii) FNAC sold its Series F senior notes in the
aggregate principal amount of $9 million, bearing interest at 10.8%
annually and having a maturity date of Feb. 28, 2021, (iii) the
maturity date of the Original Notes was extended to Feb. 28, 2021,
and (iv) the continuing lenders agreed to subordinate their notes
to borrowings extended under the Credit Agreement.  Subject to
certain limitations, Fusion, FBVX, NBS and PingTone have guaranteed
FNAC's obligations under the Restated Purchase Agreement, including
FNAC's obligations to repay the Notes.

The Series F Notes provides for the payment of interest on a
monthly basis commencing Aug. 31, 2015; principal on the Series F
Notes is due and payable at maturity.

The Restated Purchase Agreement contains affirmative and negative
covenants similar to those set forth in Credit Agreement, including
but not limited to, restrictions on paying indebtedness subordinate
to the notes issued thereunder, incurring additional indebtedness,
making capital expenditures, paying dividends and cash
distributions by subsidiaries.  Effective Dec. 31, 2015, Fusion is
required to maintain a minimum unencumbered cash bank balance of no
less than $1 million.  The Restated Purchase Agreement also
requires on-going compliance with various financial covenants,
including a leverage ratio, fixed charge coverage ratio and minimum
levels of earnings before interest, taxes, depreciation and
amortization.  Failure to comply with any of the restrictive or
financial covenants could result in an event of default and
accelerate demand for repayment of the Notes.

                  About Fusion Telecommunications

New York City-based Fusion Telecommunications International, Inc.,
(OTC BB: FSNN) is a provider of Internet Protocol ("IP") based
digital voice and data communications services to corporations and
carriers worldwide.

Fusion incurred a net loss applicable to common shareholders of
$4.31 million in 2014, a net loss applicable to common shareholders
of $5.48 million in 2013 and a net loss applicable to common
stockholders of $5.61 million in 2012.

As of June 30, 2015, the Company had $68.9 million in total assets,
$60.2 million in total liabilities and $8.7 million in total
stockholders' equity.


GELTECH SOLUTIONS: Issues $315,000 Convertible Note to Mr. Reger
----------------------------------------------------------------
GelTech Solutions, Inc. issued Mr. Reger a $315,000 7.5% secured
convertible note in consideration for a $315,000 loan, according to
a Form 8-K report filed with the Securities and Exchange
Commission.  

The note is convertible at $0.74 per share and matures on Dec. 31,
2020.  Repayment of the note is secured by all of the Company's
assets including its intellectual property and inventory in
accordance with a secured line of credit agreement between the
Company and Mr. Reger.  Additionally, the Company issued Mr. Reger
212,838 two-year warrants exercisable at $2.00 per share.  

All of the securities were issued without registration under the
Securities Act of 1933 in reliance upon the exemption provided in
Section 4(a)(2) and Rule 506(b) thereunder.

                            About GelTech

Jupiter, Fla.-based GelTech Solutions. Inc., is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3)
Soil2O(R), a product which reduces the use of water and is
primarily marketed to golf courses, commercial landscapers and the
agriculture market; and (4) FireIce(R) Home Defense Unit, a system
for applying FireIce(R) to structures to protect them from
wildfires.

GelTech incurred a net loss of $7.1 million for the year ended June
30, 2014, compared to a net loss of $5.2 million for the year ended
June 30, 2013.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2014, citing that the Company has a net
loss and net cash used in operating activities in 2014 of
$7,111,945 and $5,132,019 respectively and has an accumulated
deficit and stockholders' deficit of $35,133,578 and $1,898,315,
respectively, at June 30, 2014.  These matters raise substantial
doubt about the Company's ability to continue as a going concern.


GENERAL MOTORS: Bids to Withdraw Reference Allowed to Proceed
-------------------------------------------------------------
Judge Robert E. Gerber of the United States Bankruptcy Court for
the Southern District of New York construed and enforced a June 1,
2015 judgment upon the request of General Motors LLC ("New GM"),
but not in the way New GM advocated.  Judge Gerber concluded that
motions to withdraw the reference may proceed without interference
by the bankruptcy court.

New GM moved for an order to enforce the stay imposed by the June 1
judgment implementing Judge Gerber's April 2015 decision addressing
litigation flowing from New GM's announcement of a defect in
ignition switches that had been installed in certain GM branded
cars.  More specifically, New GM sought to apply the judgment's
stay against litigation in other courts to enjoin the plaintiffs
with whom it is litigating in the MDL and elsewhere from pursuing a
withdrawal of the reference of matters that would come before the
bankruptcy court under the judgment.

Judge Gerber found that the judgment's most specific language,
embodying the exclusive jurisdiction on which New GM relies, grants
exclusive jurisdiction only "to the fullest extent permissible
under law..."  Thus, the judge concluded that he needed to construe
the judgment in a fashion to avoid the constitutional infirmity
that would otherwise result -- and that required construing the
judgment so as not to block motions to withdraw the reference.

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

A full-text copy of Judge Gerber's August 1e, 2015 bench decision
and order is available at http://is.gd/6PGk8yfrom Leagle.com.

General Motors LLC (New GM) is represented by:

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

Economic Loss Plaintiffs are represented by:

          Edward S. Weisfelner, Esq.
          BROWN RUDNICK
          7 Times Square
          New York, NY 10036
          Tel: (212) 209-4800
          Fax: (212) 209-4801
          Email: eweisfelner@brownrudnick.com

            -- and –-

          Sander L. Esserman, Esq.
          STUTZMAN, BROMBERG, ESSERMAN & PLIFKA, P.C.
          2323 Bryan Street, Suite 2200
          Dallas, TX 75201-2689
          Tel: (214) 969-4900
          Fax: (214) 969-4999
          Email: esserman@sbep-law.com

States of California and Arizona are represented by:

          Steve W. Berman, Esq.
          HAGENS BERMAN SOBOL SHAPIRO LLP
          1918 Eight Ave., Suite 3300
          Seattle, WA 98101
          Tel: (206) 623-7292
          Fax: (206) 623-0594
          Email: steve@hbsslaw.com

State of California is represented by:

          Mark P. Robinson Jr., Esq.
          ROBINSON CALCAGNIE ROBINSON SHAPIRO DAVIS, INC.
          19 Corporate Plaza Drive
          Newport Beach, CA 92660
          Tel: (949) 720-1288
          Fax: (949) 720-1292

                About Motors Liquidation

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

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

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

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

As of March 31, 2015, Motors Liquidation had $1.01 billion in total
assets, $69.2 million in total liabilities and $945 million in net
assets in liquidation.


GENIUS BRANDS: Amends Form S-1 Prospectus with SEC
--------------------------------------------------
Genius Brands International, Inc., filed an amended Form S-1
registration statement with the Securities and Exchange Commission
relating to the  offering $5,000,000 shares of the Company's common
stock and warrants to purchase shares of its common stock.

The Company amended the Registration Statement to delay its
effective date.

Each share of common stock is being sold together with a warrant to
purchase one share of the Company's common stock at an exercise
price of $___ per share.  The shares of common stock and warrants
are immediately separable and will be issued separately in this
offering.

The Company's common stock is quoted on the OTCQB under the symbol
"GNUS".  On Sept. 3, 2015, the last reported sale price for the
Company's common stock on the OTCQB was $1.95 per share.  The
Company intends to apply to list its common stock on the NASDAQ
Capital Market under the symbol "___".  The Company gives no
assurance that its application will be approved.

There is no established public trading market for the Series B
Preferred Stock or warrants, and the Company does not expect a
market to develop.  In addition, the Company does not intend to
apply for a listing of the Series B Preferred Stock or the warrants
on any national securities exchange.  The Series B Preferred Stock
and the warrants will be issued in book-entry form pursuant to a
preferred stock agency agreement between us and VStock Transfer
LLC, as preferred stock agent, and a warrant agency agreement
between the Company and VStock Transfer LLC, as warrant agent,
respectively.

A copy of the Form S-1/A is available for free at:

                        http://is.gd/3FC4Mr

                        About Genius Brands

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

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

As of June 30, 2015, the Company had $16.44 million in total
assets, $4.33 million in total liabilities and $12.11 million in
total equity.


GEOMET INC: Amends Bylaws to Change Committee Composition
---------------------------------------------------------
The Board of Directors of GeoMet, Inc. voted to amend and restate
the Company's current bylaws to require that each committee of the
Board consist of one or more directors.

                         About Geomet Inc.

Houston, Texas-based GeoMet, Inc., is an independent energy
company primarily engaged in the exploration for and development
and production of natural gas from coal seams (coalbed methane)
and non-conventional shallow gas.  Its principal operations and
producing properties are located in the Cahaba and Black Warrior
Basins in Alabama and the central Appalachian Basin in Virginia
and West Virginia.  It also owns additional coalbed methane and
oil and gas development rights, principally in Alabama, Virginia,
West Virginia, and British Columbia.  As of March 31, 2012, it
owns a total of 192,000 net acres of coalbed methane and oil and
gas development rights.

As reported by the TCR on Feb. 20, 2015, GeoMet said it has no
operations and minimal assets, which raises substantial doubt about
its ability to return any additional value to its stockholders.
The Company added it may file a plan of dissolution if it cannot
consummate a corporate transaction/merger prior to the third
quarter of 2015.

As of June 30, 2015, the Company had $21.6 million in total assets,
$262,075 in total liabilities, $51.7 million in series A
convertible redeemable preferred stock, and a $30.3 million total
stockholders' deficit.


GUIDED THERAPEUTICS: Investors Buy Add'l $550,000 Pref. Stock
-------------------------------------------------------------
Guided Therapeutics, Inc., announced that it has entered into an
amendment agreement to increase by $550,000 the gross cash proceeds
from its previously announced private placement of convertible
preferred stock and common stock warrants, as well as to accelerate
the closing of $1.3 million of the total $4.55 million investment.
Among those making the additional investment is a member of the
Company's Board of Directors.

Net proceeds from the private placement are intended to be used to
purchase new inventory for manufacturing the Guided Therapeutics
LuViva Advanced Cervical Scan.

Gene Cartwright, CEO of Guided Therapeutics, stated, "These
additional funds are needed to cover the cost of manufacturing
additional LuVivas and single-use disposables for the previously
announced Ministry of Health order for Turkey."

Pursuant to the amendment agreement, dated Sept. 3, 2015, at an
interim closing expected to occur as early as Sept. 3, the Company
will issue to participating investors 1,734 shares of preferred
stock and five-year warrants to purchase approximately 27.3 million
shares of common stock, at an exercise price of $0.095 per share,
all on the same terms as previously announced.

The final closing of the private placement is scheduled to occur in
the fourth quarter of 2015, at which the Company would receive the
final $750,000 in gross cash proceeds.  Total gross cash proceeds
from the private placement are expected to be $4.55 million, an
increase of $550,000 from the amount originally announced.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann
Financial Services Inc., is acting as exclusive placement agent for
this transaction.

                    About Guided Therapeutics

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

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

As of June 30, 2015, the Company had $4 million in total assets,
$6.7 million in total liabilities and a stockholders' deficit of
$2.7 million.


HILO HATTIE: Expects Bankruptcy Exit By Year-End
------------------------------------------------
Star-Advertiser reports that Hilo Hattie expects to emerge from
bankruptcy by year-end and will continue operations online and at
three stores.  

Donald Kang, the Company's owner and CEO, said in a press release,
"We're confident Hilo Hattie will be emerging as a stronger company
and one that is much better able to compete in today's marketplace.
I'm very proud of the executive team's hard work in putting
together a plan that shows us returning to profitability in 2016,
and of all the employees who have maintained the utmost in
professionalism and aloha throughout this difficult time."

According to Star-Advertiser, the Company said that its stores on
Kauai, Maui and at Ala Moana Center on Oahu will continue, while
the future of a Iwilei store remains unclear.  The report says that
the Company is also rebuilding its online website to push Internet
sales.

Star-Advertiser relates that the Company said it will be a more
competitive player in the retail market after the $5.1 million sale
of its Nimitz location.

As reported by the Troubled Company Reporter on Aug. 20, 2015,
Andrew Gomes at Star Advertiser reported that U.S. Bankruptcy Court
Judge Robert Faris confirmed a $5.1 million deal for Honolulu Ltd.,
the landlord of the flagship Hilo Hattie store lease, to buy back
the lease.  According to Star-Advertiser, Honolulu Ltd. will pay
the Company about $4.1 million, while another $1 million will go
towards unpaid rent the Company owes the landlord.  It is expected
that about $3 million will be available to creditors after closing
costs, administrative fees and moving expenses are paid out of
proceeds, Star-Advertiser reported, citing Jim Wagner, Esq., the
attorney for the Company.

Hilo Hattie is a retailer in Hawaii.

As reported by the Troubled Company Reporter on Feb. 23, 2015, Katy
Stech, writing for The Wall Street Journal, reported that
Hawaii's Hilo Hattie stores filed for bankruptcy on Feb. 19, 2015.


According to the report, the struggling chain, which recently
closed three of its seven stores, filed for bankruptcy protection
with $2.2 million worth of inventory.  In documents filed in U.S.
Bankruptcy Court in Honolulu, Chief Operating Officer Mark Storfer
blamed the company's problems on slow sales, the Journal said.

According to Andrew Gomes at Star Advertiser, the retailer, which
also has stores at Ala Moana Center and on Maui and Kauai, listed
$8.1 million in assets and $13.2 million in debts in its bankruptcy
filing.


HILO HATTIE: Files Reorganization Plan, Hearing on Oct. 19
----------------------------------------------------------
Darin Moriki at the Pacific Business News reports that the
Bankruptcy Court has set for Oct. 19, 2015, the hearing to consider
the approval of Hilo Hattie's reorganization plan, which proposes
to allow 304 to 355 unsecured creditors to collect half of the
$37,361 to $90,826 that they claim is owned to them in cash.

The Company, Pacific Business relates, said that under the Plan:
(i) about $7.9 million in total company debts owed to the Company's
owner, Donald B.S. Kang, would be decreased to $6.7 million; (ii)
Mr. Kang and unsecured creditors with close to $3.6 million in
unsecured claims will have a 95% proportional share of the more
than $2.47 million generated from the $4.6 million sale of the
two-story headquarters building to the property's landlord, Harry &
Jeanette Weinberg subsidiary Honolulu Ltd.; and (iii) the Company
will lease back the building from Honolulu Ltd. as part of the
deal.

According to Pacific Business, about $1.26 million from the sale
went to pay off outstanding debts owed to Honolulu Ltd. for the
lease of the Nimitz Highway property.  

The report adds that First Hawaiian Bank, which has $834,385 in
claims against the Company, won't see any of the proceeds from the
sale, but payments on two loans owed to the bank would be paid off
incrementally over five years.

Hilo Hattie is a retailer in Hawaii.

As reported by the Troubled Company Reporter on Feb. 23, 2015, Katy
Stech, writing for The Wall Street Journal, reported that
Hawaii's Hilo Hattie stores filed for bankruptcy on Feb. 19, 2015.


According to the report, the struggling chain, which recently
closed three of its seven stores, filed for bankruptcy protection
with $2.2 million worth of inventory.  In documents filed in U.S.
Bankruptcy Court in Honolulu, Chief Operating Officer Mark Storfer
blamed the company's problems on slow sales, the Journal said.

According to Andrew Gomes at Star Advertiser, the retailer, which
also has stores at Ala Moana Center and on Maui and Kauai, listed
$8.1 million in assets and $13.2 million in debts in its bankruptcy
filing.


HUTCHESON MEDICAL: CEO Sees Offer for Hospital This Week
--------------------------------------------------------
Tyler Jett at Timesfreepress.com reports that Hutcheson Medical
Center CEO Farrell Hayes told the U.S. Bankruptcy Court during a
hearing on Sept. 2, 2015, that he believes a company will make a
formal offer for the hospital within about seven days.

Ten companies are eyeing the hospital, four other companies are
considering purchasing the nursing home, and one company is
considering to purchase both complexes for about $20 million,
Timesfreepress.com relates, citing Robert Williamson, Esq., the
attorney for Mr. Hayes.  The report adds that Hutcheson officials
hope a buyer will purchase the hospital despite its estimated $80
million of liabilities.

Timesfreepress.com states that Mr. Williamson, backed by the
attorneys for a committee of unsecured creditors and Regions Bank,
said that Hutcheson should stay in bankruptcy for the next three or
four months.  According to the report, Regions Bank, which was owed
about $30 million from Hutcheson as of December 2014, will cover
some of the costs of bringing in a second trustee to handle the
hospital's finances and will also pay off some of the money owed to
employees for health care.

According to Timesfreepress.com, U.S. Trustee Martin Ochs sought to
have Hutcheson's Chapter 11 bankruptcy case dismissed, claiming
that the Fort Oglethorpe hospital lost an extra $6.3 million since
filing for bankruptcy in November 2014.  The Court, the report
says, did not yet rule on the motion.

                  About Hutcheson Medical Center

Hutcheson Medical Center, Inc., operates the 179-bed hospital and
related ancillary facilities, including, without limitation, a
skilled nursing home and an ambulatory surgery center, located in
Ft. Oglethorpe, Georgia, known as Hutcheson Medical Center.  HMC
leases the land and buildings that comprise the Medical Center from
The Hospital Authority of Walker, Dade and Catoosa Counties.

HMC and Hutcheson Medical Division, Inc., sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga. Case No. 14-42863 and
14-42864) in Rome, Georgia, on Nov. 20, 2014.  The cases are
jointly administered under Case No. 14-42863.

The cases have been assigned to the Honorable Paul W. Bonapfel.

The Debtors are represented by Ashley Reynolds Ray, Esq., and J.
Robert Williamson, Esq., at Scroggins and Williamson, in Atlanta,
Georgia.

The Debtors' Chapter 11 Plan and Disclosure Statement are due March
20, 2015.

HMC disclosed $32.8 million in assets and $52.9 million in
liabilities as of the Chapter 11 filing.

No request has been made for the appointment of a trustee or
examiner.


ICE THEATERS: Files for Chapter 11 Bankruptcy Protection
--------------------------------------------------------
Chicagobusiness.com reports that Donzell Starks will face off with
creditors in Bankruptcy Court over a shuttered cinema he owns in
Lawndale, after Ice Theaters, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. N.D. Ill. Case No. 15-26965) on Aug. 6, 2015,
estimating its assets and liabilities at between $1 million and $10
million each.  The petition was signed by Donzell Starks, manager.

Chicagobusiness.com relates that Mr. Starks lost a few years ago
control of a theater in Chatham, and the ICE Theater in Lawndale,
at 3330 W. Roosevelt Road, closed in 2007, reopening in 2011 after
a refinancing.  According to Cook County property records, the
theater secures a $9.7 million mortgage tied to New Markets Tax
Credits that the Starks venture received in 2010.

The Lawndale theater has been closed for a while, the report
states, citing John F Hiltz, Esq., at Hiltz & Zanzig LLC, who
serves as the Company's bankruptcy counsel.

Judge Pamela S. Hollis presides over the case.

Ice Theaters, LLC, is headquartered in Chicago, Illinois.


IMRIS INC: Closes Sale of Substantially All Assets to Deerfield
---------------------------------------------------------------
Imaging US Liquidating Corporation (formerly known as IMRIS, Inc.),
et al., notified the U.S. Bankruptcy Court for the District of
Delaware of the Aug. 14, 2015 closing of sale of substantially all
of their assets.

The Court on Aug. 12, 2015, authorized the Debtors to sell
substantially all of the assets pursuant to the successful bidder's
asset purchase agreement.

Deerfield Management Co.,, et al., the staking horse bidder, was
named as the successful bidder, as no qualified bid were received
by the bid deadline.

The sellers owed the purchasers related entities, as of the
Petition Date, not less than $26,874,162.

In consideration for the acquired assets, the purchaser will, in
addition to the assumption of the assumed liabilities, pay the
sellers at the closing an aggregate amount equal to $14,500,000.

                     About IMRIS Inc.

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

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

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

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

On June 4, 2015, the U.S. Trustee appointed three members to the
Official Committee of Unsecured Creditors.  The Committee selected
Steven K. Kortanek, Esq., Kevin J. Mangan, Esq., and Thomas M.
Horan, Esq., at Womble Carlyle Sandridge & Rice, LLP, in
Wilmington, Delaware, as counsel.  Emerald Capital Advisors serves
as its financial advisors.



IMRIS INC: Hike in DIP Commitment Approved
------------------------------------------
The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware authorized IMRIS, Inc., et al., to enter
into amendment No. 3 to their debtor-in-possession credit
agreements.  Judge Sontchi also approved the DIP Amendment No. 3.

The Debtors and the DIP Lenders negotiated a third amendment to the
DIP Credit Agreement, which provides for, among other things, an
increase in the aggregate amount of the commitment
for DIP Loans under the DIP Loan Facility, to fund accrued but
unpaid fees and expenses of estate professionals and allow the
Debtors to wind down their operations following closing of the
proposed sale.

Although DIP Amendment No. 2 did not require the Court's prior
approval, DIP Amendment No. 3 does require such approval, because
it increases the amount of the commitment under the DIP Credit
Agreement.

A copy of the Motion, as well as DIP Amendment No. 3, is available
for free at:

      http://bankrupt.com/misc/Imris_M_DIP_3rd_Am.pdf

As reported in the Troubled Company Reporter on June 26, 2015,
Judge Sontchi gave the Debtors final authority to obtain $5,349,000
of postpetition financing consisting of (i) Roll-Up Loans in the
aggregate principal amount of $925,000, (ii) Imaging and Service
Business Loans in the aggregate principal amount of $4,124,000, and
(iii) Robotics Business Loans in the aggregate principal amount of
$300,000.

The DIP Financing is extended by Deerfield Management Company LP,
which is also the Debtors' prepetition secured lender.  As of the
Petition Date, the Debtors owe the Prepetition Lenders in the
aggregate principal amount of not less than $26,874,162 in respect
of loans and other extensions of credit made pursuant to
transaction documents.

The Debtors were also given final authority to use cash collateral
securing their prepetition indebtedness.

                     About IMRIS Inc.

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

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

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

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

On June 4, 2015, the U.S. Trustee appointed three members to the
Official Committee of Unsecured Creditors.  The Committee selected
Steven K. Kortanek, Esq., Kevin J. Mangan, Esq., and Thomas M.
Horan, Esq., at Womble Carlyle Sandridge & Rice, LLP, in
Wilmington, Delaware, as counsel.  Emerald Capital Advisors serves
as its financial advisors.



INSITE VISION: Determines Unsolicited Offer "Superior Proposal"
---------------------------------------------------------------
InSite Vision Inc. announced that its Board of Directors has
determined that the previously announced unsolicited offer from a
global pharmaceutical company to acquire all outstanding shares of
InSite Vision common stock at $0.35 per share in an all-cash
transaction constitutes a "Company Superior Proposal" as defined in
InSite's previously announced definitive agreement with QLT Inc.
dated as of Aug. 26, 2015.

Under the terms of the QLT merger agreement, QLT would acquire
InSite in a primarily all-stock transaction in which shareholders
of InSite will receive 0.078 QLT shares for each InSite Vision
share they hold, subject to a collar arrangement that would limit
the minimum value payable for each share to $0.25, with a maximum
value payable for each share of $0.30.

After the Bidder had favorably concluded its independent due
diligence regarding the recently filed BromSite patent lawsuit,
InSite Vision convened a special board meeting on Friday, Sept. 4,
2015, in which the InSite Board of Directors determined, in good
faith and after consultation with its independent financial and
legal advisors, that the Bidder's unsolicited offer of $0.35 per
share in cash is a Company Superior Proposal, as that term is
defined in the QLT merger agreement.  The Bidder supplemented its
proposal with a definitive merger agreement and definitive loan
documents that the Bidder has indicated it is prepared to execute
upon InSite's termination of the QLT merger agreement.

InSite has notified QLT of the InSite Board of Directors'
determination and will engage in discussions with the Bidder.
InSite is required, and intends to, negotiate in good faith with
QLT until 5:00 p.m. Pacific Time on Thursday, Sept. 10, 2015, to
allow QLT the opportunity to amend its merger agreement such that
the Bidder's proposal will no longer constitute a Company Superior
Proposal.  InSite is not permitted to enter into the Bidder's
merger agreement or to change its recommendation in favor of the
QLT transaction unless, at the end of the Negotiation Period, the
InSite Vision Board of Directors has determined that the Bidder's
offer continues to be a Company Superior Proposal.  The Bidder has
stated that its offer will remain outstanding until the expiration
of the Negotiation Period and any additional days thereafter
necessary for the Bidder and InSite to enter into the definitive
agreements provided by the Bidder.

Under the QLT merger agreement, InSite would be required to pay a
$2,667,000 termination fee to QLT if the InSite Board of Directors
terminates the QLT merger agreement in favor of an agreement with
the Bidder.  The Bidder has agreed to pay the termination fee to
QLT on InSite's behalf in that event.  InSite would be required to
repay the Bidder for the QLT termination fee under specified
circumstances in which InSite would be required to pay a
termination fee to the Bidder in connection with a termination of
the Bidder's merger agreement.

At this time, InSite remains subject to the QLT merger agreement
and the InSite Board of Directors has not changed its
recommendation in support of the QLT transaction, the existing QLT
merger agreement, or its recommendation that InSite's stockholders
adopt the QLT merger agreement.  The Company gives no assurance
that a transaction with the Bidder will result from the Bidder's
offer, or that any other transaction will be consummated.  There
can be no assurance that QLT will seek to negotiate with InSite or
will make a revised offer.

Guggenheim Securities, LLC is acting as financial advisor to InSite
Vision, Roth Capital Partners provided an independent fairness
opinion concerning the original QLT merger agreement, and Jones Day
is acting as legal advisor to InSite Vision.

                           InSite Vision

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

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

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

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


INSITE VISION: Gets 2nd Acquisition Proposal for $0.35 per Share
----------------------------------------------------------------
InSite Vision Inc. announced that the Company has received a second
unsolicited proposal from a global pharmaceutical company to
acquire all outstanding shares of InSite Vision common stock at an
increased price of $0.35 per share in cash.  The proposal is only
subject to due diligence regarding the recently filed BromSite
patent lawsuit.  InSite Vision believes the lawsuit is without
merit.

InSite Vision is party to a merger agreement with QLT Inc. pursuant
to which QLT would acquire InSite Vision in a transaction in which
InSite Vision's stockholders would receive 0.078 QLT shares for
each share of InSite Vision stock, subject to a collar arrangement
that would limit the maximum value of each share to $0.30, with a
minimum value of each share of $0.25.

Consistent with its fiduciary duties and in accordance with its
existing merger agreement with QLT, InSite Vision's Board of
Directors, in consultation with its financial and legal advisors,
will carefully review all aspects of the new proposal and pursue
the course of action that it believes is in the best interests of
InSite Vision's stockholders.  InSite Vision stockholders do not
need to take any action at this time.

InSite Vision remains subject to its existing merger agreement with
QLT, and the InSite Vision Board of Directors has not changed its
recommendation in support of the QLT transaction, the existing
merger agreement with QLT or its recommendation that InSite Vision
stockholders adopt the existing merger agreement with QLT.

Guggenheim Securities, LLC is acting as financial advisor to InSite
Vision, Roth Capital Partners provided an independent fairness
opinion and Jones Day is acting as legal advisor to InSite Vision.


                           InSite Vision

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

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

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

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


INSITE VISION: Meeting to Approve QLT Merger Moved to Oct. 9
------------------------------------------------------------
InSite Vision Incorporated's Board of Directors has set a new
meeting date of Oct. 9, 2015, for its special meeting of
stockholders to vote on certain matters in connection with the
transaction with QLT, including a proposal to adopt the Merger
Agreement.  The new record date for the meeting is Sept. 8, 2015.

As previously announced, InSite Vision, QLT Inc., and Isotope
Acquisition Corp., an indirect wholly owned subsidiary of QLT
("Merger Sub"), entered into the Second Amended and Restated
Agreement and Plan of Merger, dated Aug. 26, 2015, which amends and
restates the Agreement and Plan of Merger, dated as of June 8,
2015, as previously amended and restated as of July 16, 2015,
providing for the merger of Merger Sub with and into the Company,
with the Company surviving the merger as an indirect wholly owned
subsidiary of QLT.

                           InSite Vision

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

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

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

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


INTEGRATED BIOPHARMA: Posts $735,000 Net Income for Fiscal 2015
---------------------------------------------------------------
Integrated Biopharma, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing net income of
$735,000 on $37.5 million of net sales for the year ended June 30,
2015, compared to net income of $131,000 on $33.7 million of net
sales for the year ended June 30, 2014.

As of June 30, 2015, the Company had $11.6 million in total assets,
$20.9 million in total liabilities and a total stockholders'
deficiency of $9.3 million.

"Our ability to make scheduled payments or to refinance our
obligations with respect to indebtedness will depend on our
operating and financial performance, which, in turn, is subject to
prevailing economic conditions and to financial, business and other
factors beyond our control.  Our inability to refinance our
indebtedness when necessary or to do so upon attractive terms would
materially and adversely affect our liquidity and our ongoing
results of operations," the Company states in the report.

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

                       http://is.gd/jYNH8N

                    About Integrated BioPharma

Based in Hillside, N.J., Integrated BioPharma, Inc. (INBP.OB) --
-- http://www.healthproductscorp.us/-- is engaged primarily in
manufacturing, distributing, marketing and sales of vitamins,
nutritional supplements and herbal products.  The Company's
customers are located primarily in the United States.  The Company
was previously known as Integrated Health Technologies, Inc., and,
prior to that, as Chem International, Inc.  The Company was
reincorporated in its current form in Delaware in 1995.  The
Company continues to do business as Chem International, Inc., with
certain of its customers and certain vendors.


ITUS CORP: Proposes to Sell $12 Million Securities
--------------------------------------------------
ITUS Corporation filed a Form S-3 registration statement with the
Securities and Exchange Commission relating to the offering of up
to $12 million worth of common stock, preferred stock, purchase
contracts, warrants, subscription rights, depositary shares,
debt securities and units.

The Company may offer and sell these securities separately or
together, in one or more series or classes and in amounts, at
prices and on terms described in one or more offerings.  The
Company may offer securities through underwriting syndicates
managed or co-managed by one or more underwriters or dealers,
through agents or directly to purchasers.  The prospectus
supplement for each offering of securities will describe in detail
the plan of distribution for that offering.

The Company's common stock is quoted on the Nasdaq Capital Market
under the symbol "ITUS."  The aggregate market value of the
Company's outstanding common stock held by non-affiliates is
$44,995,088 based on 8,720,878 shares of outstanding common stock,
of which 7,665,262 shares are held by non-affiliates, and a per
share price of $5.87 which was the closing sale price of the
Company's common stock as quoted on the NASDAQ Capital Market on
July 24, 2015.

A copy of the Form S-3 prospectus is available for free at:

                        http://is.gd/FcsAHW

                      About ITUS Corporation

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

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

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

As of July 31, 2015, the Company had $10.27 million in total
assets, $4.28 million in total liabilities and $5.99 million in
total stockholders' equity.


JAMES RIVER: Sues Whayne Supply to Clawback Money
-------------------------------------------------
James River Coal Company and its affiliated debtors filed a
complaint against Whayne Supply Company in the United States
Bankruptcy Court for the Eastern District of Virginia, Richmond
Division, to avoid and recover avoidable transfers made to or for
the benefit of Whayne during the 90-day period preceding the
Petition Date.

The Debtors request the court to enter a judgement against Whayne
and direct Whayne to pay to the Debtors an amount that is not less
than the full amount of the transfers plus interests and costs and
disallow any Claim of Whayne.  The Debtors also seek the award of
pre-judgement and post judgement interest at the maximum legal rate
running from the date of the Debtors' first demand to return all
Avoidable transfers to the judgement date with respect to the
complaint.

The Debtors are represented by:

          Tyler P. Brown, Esq.
          Henry P. (Toby) Long, III, Esq.
          Justin F. Paget, Esq.
          HUNTON & WILLIAMS LLP
          Riverfront Plaza, East Tower
          951 East Byrd Street
          Richmond, VA 23219
          Tel: (804) 788-8200
          Fax: (804) 788-8218
          Email: tpbrown@hunton.com
                 hlong@hunton.com
                 jpaget@hunton.com

             -- and --

          Marshall S. Huebner, Esq.
          Brian M. Resnick, Esq.
          Michelle M. McGreal, Esq.
          DAVIS POLK & WARDWELL LLP
          450 Lexington Avenue
          New York, NY 10017
          Tel: (212) 450-4000
          Fax: (212) 607-7973
          Email: marshall.huebner@davispolk.com
                 brian.resnick@davispolk.com
                 michelle.mcgreal@davispolk.com

                         About James River

James River Coal Company is a producer and marketer of coal in the
Central Appalachia ("CAPP") and the Midwest coal regions of the
United States.  James River's principal business is the mining,
preparation and sale of metallurgical coal, thermal coal (which is
also known as steam coal) and specialty coal.

James River and 33 of its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. E.D. Va. Case Nos. 14-31848 to 14-31886) in
Richmond, Virginia, on April 7, 2014.  The petitions were signed by
Peter T. Socha as president and chief executive officer. Judge
Kevin R. Huennekens oversees the Chapter 11 cases.

On the petition date, James River Coal disclosed total assets of
$1.06 billion and total liabilities of $818.6 million.

The Debtors are represented by Tyler P. Brown, Esq., Henry P.
(Toby) Long, III, Esq., and Justin F. Paget, Esq. at Hunton &
Williams LLP of Richmond, VA and Marwill S. Huebner, Esq, Brian M.
Resnick, Esq., and Michelle M. McGreal, Esq. at Davis Polk &
Wardwell LLP of New York, NY.  Kilpatrick Townsend & Stockton LLP
serves as the Debtors' special counsel.  Perella Weinberg Partners
L.P. is the Debtors' financial advisor.  Deutsche Bank Securities
Inc. serves as the Debtors' investment banker and M&G advisor.
Epiq Bankruptcy Solutions, LLC, acts as the debtors' notice, claims
and administrative agent.

The U.S. Trustee for Region 4 has appointed five creditors to the
Official Committee of Unsecured Creditors.  Michael S. Stamer,
Esq., Alexis Freeman, Esq., and Jack M. Tracy II, Esq., at Akin
Gump Strauss Hauer & Feld LLP; and Jonathan L. Gold, Esq.,
Christopher L. Perkins, Esq., and Christian K. Vogel, Esq., at
LeClairRyan.

The Debtors, in August 2014, won authority to sell the Hampden
Mining Complex (including the assets of Logan & Kanawha Coal
Company, LLC), the Hazard Mining Complex (other than the assets of
Laurel Mountain Resources LLC) and the Triad Mining Complex for $52
million plus the assumption of certain environmental and other
liabilities, to a unit of Blackhawk Mining.  The Buyer is
represented by Mitchell A. Seider, Esq., and Charles E. Carpenter,
Esq., at Latham & Watkins LLP.


JEFFREY PROSSER: Fox Rothschild Sues Virgin Islands on Faulty Tax
-----------------------------------------------------------------
Kelly Phillips Erb at Forbes reports that Fox Rothschild, who
represents James P. Carroll, the Chapter 7 trustee of Emerging
Communications and Innovative Communications owner Jeffrey J.
Prosser, filed an action against the U.S. Virgin Islands, the U.S.
Virgin Islands Bureau of Internal Revenue and Does 1-5.

According to Forbes, Fox Rothschild alleged that the USVI BIR
improperly assessed the firm's tax liabilities and that the
information related to those assessments was leaked from the USVI
BIR.  Citing Fox Rothschild, the report states that the letter of
Mr. Prosser's counsel, Norman Abood, Esq., is dated Sept. 21, 2014,
while the tax assessments mailed to Fox Rothschild were postmarked
on Sept. 23, 2014.

Mr. Abood, Forbes relates, said that the Fox Rothschild complaint
leaves out an important piece of information: the information
referenced in his letter was publicly available.  

Forbes reports that Mr. Abood said that on Sept. 3, 2014, there
were public hearings in the Virgin Islands legislature, broadcast
on television and radio, focusing on the budget concerns in the
territory, and that during those hearings, Sen. Nereida "Nellie"
Rivera-O'Reilly and Sen. Kenneth Gittens questioned V.I. Internal
Revenue Bureau Executive Director Claudette Watson-Anderson about
efforts to collect outstanding revenues.  Sen. Rivera-O'Reilly
questioned Director Watson-Anderson about stateside companies with
Virgin Island sourced income, and she specifically referenced
companies involved in the Prosser bankruptcy proceedings, including
Fox Rothschild, as those companies were turned in by whistleblowers
for alleged failure to report and pay tax on almost millions of
dollars, the report states, citing Mr. Abood.

Fox Rothschild alleged that the whistleblowers "were or are
affiliated with Jeffrey Prosser," Forbes relates.

Fox Rothschild said in court documents that it has no offices in
the USVI and that its client in the Prosser matter, Trustee
Carroll, is not a resident of the USVI.  Forbes, citing Fox
Rothschild, states that most of the legal work performed in the
Prosser matter was actually done in the Philadelphia and New York
offices.  Fox Rothschild claimed that the actual amount of time
spent by its employees in the USVI on the matter was closer to 7%,
while the BIR wants to ding them for 100% of the fees earned in the
Prosser matter, according to Forbes.

             About Prosser & Innovative Communication

Headquartered in St. Thomas, Virgin Islands, Innovative
Communication Company, LLC -- http://www.iccvi.com/-- and  
Emerging Communications, Inc., are diversified telecommunications
and media companies operating mainly in the U.S. Virgin Islands.
Jeffrey J. Prosser owns Emerging Communications and Innovative
Communications.  Innovative and Emerging filed for Chapter 11
protection on July 31, 2006 (D.V.I. Case Nos. 06-30007 and
06-30008).  When the Debtors filed for protection from their
creditors, they estimated assets and debts of more than
$100 million.

Mr. Prosser also filed for Chapter 11 protection on July 31, 2006
(D.V.I. Case No. 06-10006).  According to The (Virgin Islands)
Source, he was fired in October 2007 for failing to make payments
into the company pension funds.  On Oct. 3, 2007, the Prosser case
was converted to Chapter 7 and James P. Carroll was ultimately
appointed the Chapter 7 Trustee.  The bankruptcy case is In re:
Jeffrey J. Prosser, Chapter 7, Debtor, Bankruptcy No.: 06-30009
(Bankr. D.V.I.).

Greenlight Capital Qualified, L.P., Greenlight Capital, L.P., and
Greenlight Capital Offshore, Ltd. -- which holds an $18,780,614
claim against Mr. Prosser -- had filed an involuntary chapter 11
against Innovative Communication, Emerging Communications, and Mr.
Prosser on Feb. 10, 2006 (Bankr. D. Del. Case Nos. 06-10133,
06-10134, and 06-10135).  Mr. Prosser argued that the Greenlight
entities, the former shareholders of Innovative Communications,
and Rural Telephone Finance Cooperative, Mr. Prosser's lender,
conspired to take down his companies into bankruptcy and collect
millions in claims.

The U.S. District Court of the Virgin Islands, Bankruptcy
Division, approved the U.S. Trustee for Region 21's appointment of
Stan Springel of Alvarez & Marsal as Chapter 11 Trustee of
Innovative and Emerging Communications.  Joseph Steinfeld, Jr.,
Esq., of Ask Financial, LLP, act as counsel to the Chapter 11
Trustee.

On Oct. 31, 2012, an Order was entered confirming the joint
liquidating plan of ICC-LLC, Emerging, and New ICC.


JW RESOURCES: Panel's Objection to $375K Break-Up Fees Overruled
----------------------------------------------------------------
Judge Gregory R. Schaaf of the United States Bankruptcy Court for
the Eastern District of Kentucky, Lexington Division, overruled the
Official Committee of Unsecured Creditor's objection to JW
Resources, Inc., et. al.'s proposed $375,000 break-up fee, holding
that the break-up fees are supported by the Debtors' sound business
judgment.

The Debtors entered into two Asset Purchase Agreements with a
proposed stalking horse bidder, contingent on bankruptcy court
approval.  The Asset Purchase Agreements included provisions for
break-up fees of $375,000, which consisted of $300,000 for the sale
of substantially all the assets and $75,000 for the sale of mobile
equipment.  The Debtors sought to proceed with an auction of their
assets to obtain higher bids or confirm that the Asset Purchase
Agreements provide the highest return for their assets.

The Official Committee of Unsecured Creditors objected to the
Debtors' Bid Procedures Motion, arguing that the break-up fees in
the Asset Purchase Agreements were too high.

Emily Medine of Energy Ventures Analysis, Inc., the Debtors' sale
advisor, informed the Court that the break-up fees are primarily
based on the lost opportunity costs of the stalking horse bidder.
She related that she had negotiated the break-up fee down to the
current level, but her efforts to further reduce the fee were
rebuffed. Ms. Medine recommended the Debtors move forward with the
Asset Purchase Agreements based on the benefits a stalking horse
bidder would bring to the transaction. Ms. Medine further related
that the stalking horse bidder is only one of two active purchasers
in the market with the financial ability to obtain replacement
bonds and that this is significant because the Debtors can only
transfer permits if the underlying security bonds are replaced. She
adds that this unique position also means the stalking horse bidder
has other opportunities that are larger, and therefore more
attractive, than this transaction. Ms. Medine believes that the
stalking horse bidder could switch to those potentially more
lucrative options if it is not adequately protected through the
break-up fees.

The case is IN RE: JW RESOURCES, INC., et al., Debtors, Case No.
15-60831.

A full-text copy of Judge Schaaf's Memorandum Opinion and Order is
available at http://is.gd/bO6wjUfrom Leagle.com.

JW Resources, Inc. is represented by:

          Paige Leigh Ellerman, Esq.
          Douglas L. Lutz, Esq.
          FROST BROWN TODD LLC
          3300 Great American Tower
          301 East Fourth Street
          Cincinnati, OH 45202
          Telephone: (513)651-6800
          Facsimile: (513)651-6981
          Email: pellerman@fbtlaw.com
                 dlutz@fbtlaw.com

The Creditors' Committee is represented by:

          T. Kent Barber, Esq.
          BARBER LAW PLLC
          3168 Arrowhead Drive
          Lexington, KY 40503
          Telephone: (606)776-6866
                                
                   About JW Resources

JW Resources Inc. and its subsidiaries are U.S. producers of
thermal coal with mineral reserves, mining operations and coal
properties located in the Central Appalachian ("CAPP") regions
of  Kentucky. JW acquired the thermal coal mining operations of
Xinergy in eastern Kentucky for $47.2 million in February 2013.
JW's business operations comprise what is known as the "Straight
Creek" operations located in Bell, Leslie and Harlan Counties,
Kentucky, and the "Red Bird" operations located in Bell, Leslie,
Knox, and Clay Counties, Kentucky.  JW Resources is the parent and
sole shareholder of SCRB Properties, Inc., Straight Creek Coal
Mining, Inc. and SCRB Processing, Inc.

JW Resources and its subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. E.D. Ky. Lead Case No. 15-60831) in London,
Kentucky on June 30, 2015.

The Debtors tapped Frost Brown Todd LLC as counsel, and Energy
Ventures Analysis, Inc., as sale advisor.  

JW Resources estimated $1 million to $10 million in assets and
$50 million to $100 million in debt.  Straight Creek estimated
$10 million to $50 million in assets and $50 million to $100
million in debt.


KOAM CONSTRUCTION: Case Summary & 13 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: KOAM Construction, Inc.
        4322 Wilshire Blvd., #103
        Los Angeles, CA 90010

Case No.: 15-23818

Chapter 11 Petition Date: September 3, 2015

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Sheri Bluebond

Debtor's Counsel: Joon M Khang, Esq.
                  KHANG & KHANG LLP
                  18101 Von Karman Ave 3rd Fl
                  Irvine, CA 92612
                  Tel: 949-419-3834
                  Fax: 949-419-3835
                  Email: joon@khanglaw.com

Total Assets: $978,300

Total Liabilities: $3.48 million

The petition was signed by Frank Kim, president.

A list of the Debtor's 13 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb15-23818.pdf


KRONOS ACQUISITION: S&P Assigns 'B-' CCR, Outlook Stable
--------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B-'
long-term corporate credit rating to Kronos Acquisition Holdings
Inc. The outlook is stable.

At the same time, Standard & Poor's assigned its 'B-' issue-level
rating and '4' recovery rating (upper half of the range) to the
company's US$850 million senior secured term loan, and its 'CCC'
issue-level rating and '6' recovery rating to Kronos'
US$390 million senior unsecured notes.  A '4' recovery rating
represents average (30%-50%) recovery and a '6' recovery rating
represents negligible (0%-10%) recovery in a default scenario.

"We assigned the ratings to Kronos based on the company's closing
of its recent transaction of KIK Custom Products Inc.," said
Standard & Poor's credit analyst Donald Marleau.  "At the same
time, we withdrew all our ratings on predecessor company KIK,
including our 'B-' long-term corporate credit rating on the
company, at the issuer's request," Mr. Marleau added.

The ratings on Kronos reflect Standard & Poor's view of the
company's "weak" business risk profile and "highly leveraged"
financial risk profile, which result in an anchor score of 'b/b-'.
S&P selects the lower anchor based on weaker cash flow and leverage
ratios for the range of anchor outcomes.  For analytical purposes,
S&P bases its rating conclusions on the operations and financials
of the consolidated entity, which includes the core operating
subsidiary, KIK Custom Products Inc.  Kronos was created to acquire
KIK for about US$1.6 billion.

The stable outlook on Kronos reflects Standard & Poor's expectation
that the leveraged buyout will increase fully adjusted debt
leverage to about 8x in the next two years, and the company will
generate modest free operating cash flow that it could use to
reduce debt.

Considering its heavy debt load, S&P could lower the ratings on
Kronos if the company generates sustained negative free cash flows
(excluding growth capital expenditures) such that it is unable to
cover its fixed charges.

S&P is unlikely to raise the ratings over the next two years, given
its expectation of high debt leverage and the company's ownership
by a financial sponsor.  S&P could, however, raise its ratings if
Kronos reduces fully adjusted debt leverage to below 6x and
improves EBITDA interest coverage to 2.5x-3.0x.



LEVEL 3: Enters Into Senior Notes Supplemental Indentures
---------------------------------------------------------
Level 3 Financing, Inc., a wholly owned subsidiary of Level 3
Communications, Inc., entered into:

   (i) a Supplemental Indenture, dated as of Sept. 1, 2015, to the

       Indenture dated as of April 28, 2015, among Parent, as
       guarantor, Level 3 Financing, as issuer and The Bank of New

       York Mellon Trust Company, N.A., as trustee, relating to
       Level 3 Financing's 5.125% Senior Notes due 2023; and

  (ii) a Supplemental Indenture dated as of Sept. 1, 2015, to the
       Indenture dated as of April 28, 2015, among Parent, as
       guarantor, Level 3 Financing, as issuer and the Trustee, as
       trustee, relating to Level 3 Financing's 5.375% Senior
       Notes due 2025.

Each of the Guarantee Supplemental Indentures was entered into
among Level 3 Financing, Parent, Level 3 Communications, LLC, a
wholly owned subsidiary of Parent, and the Trustee.  Pursuant to
the Guarantee Supplemental Indentures, Level 3 LLC has provided an
unconditional, unsecured guaranty of the 2023 Notes and the 2025
Notes, respectively.

On Sept. 1, 2015, Level 3 Financing entered into (i) an additional
Supplemental Indenture, dated as of Sept. 1, 2015, to the 2023
Notes Indenture and (ii) an additional Supplemental Indenture,
dated as of Sept. 1, 2015, to the 2025 Notes Indenture.  Each of
the Subordination Supplemental Indentures was entered into among
Level 3 Financing, Parent, Level 3 LLC and the Trustee.  Pursuant
to the Subordination Supplemental Indentures, the unconditional,
unsecured guaranty of Level 3 LLC of the 2023 Notes and the 2025
Notes, respectively, is subordinated in any bankruptcy, liquidation
or winding up proceeding of Level 3 LLC to all obligations of Level
3 LLC under the Level 3 Financing Amended and Restated Credit
Agreement, dated as of March 13, 2007 (as amended and restated as
of May 8, 2015 and as may be further amended, amended and restated
or otherwise modified from time to time).

                    About Level 3 Communications

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

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

As of June 30, 2015, the Company had $20.8 billion in total assets,
$14 billion in total liabilities and $6.8 billion in total
stockholders' equity.

                           *     *     *

In September 2015, Fitch Ratings has upgraded the Issuer Default
Rating (IDR) assigned to Level 3 Communications, Inc. (LVLT) and
its wholly owned subsidiary level 3 Financing, Inc. (Level 3
Financing) to 'BB-' from 'B+'.  The rating action recognizes LVLT's
strengthening financial and operating profile as the company
completes the integration of tw telecom, Inc.

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

As reported by the TCR on Aug. 17, 2015, Moody's Investors Service
upgraded Level 3 Communications, Inc.'s corporate family rating
(CFR) to Ba3 from B2.  Level 3's Ba3 CFR is based on the company's
solidifying business and financial profiles as it integrates the
former tw telecom, inc., with Moody's anticipating continued margin
improvement as synergies are realized, and as higher margin
Internet Protocol-based services replace legacy services.


NAVISTAR INTERNATIONAL: Incurs $28 Million Net Loss in Q3
---------------------------------------------------------
Navistar International Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss attributable to the Company of $28 million on $2.5 billion
of net sales and revenues for the three months ended July 31, 2015,
compared to a net loss attributable to the Company of $2 million on
$2.8 billion of net sales and revenues for the same period in
2014.

For the nine months ended July 31, 2015, the Company reported a net
loss attributable to the Company of $134 million on $7.6 billion of
net sales and revenues compared to a net loss attributable to the
Company of $547 million on $7.8 billion of net sales and revenues
for the same period during the prior year.

As of July 31, 2015, the Company had $6.7 billion in total assets,
$11.5 billion in total liabilities, $1 million in redeemale equity
securities and a total stockholders' deficit of $4.8 billion.

"We are encouraged that overall, our core truck business continues
to improve year-over-year, driven by steady and improving
performance in medium, school bus and severe service, where we are
on track to achieve our full-year market share goals," said Troy A.
Clarke, Navistar president and chief executive officer.  "We're not
standing still and we continue to take actions to improve both the
revenue and cost sides of the business.  We expect to achieve our 8
percent EBITDA margin run rate exiting 2015 thanks to the
extraordinary, ongoing success we've had in addressing costs across
our enterprise."

The company finished the quarter with $775 million in manufacturing
cash, cash equivalents and marketable securities. Additionally, the
company refinanced its existing term loan, improving its liquidity
by $313 million and extending the maturity of the term loan until
2020.

"We feel good about our position entering the 2016 buying season,
especially with larger fleets," Clarke added.  "Jeff Sass, our new
head of sales, has brought an even greater sense of urgency and
focused action in the first three months he has been on board.  As
a result, we're entering the buying season in conversations with
all top-100 fleets -- and we feel encouraged by the response
we’re getting."

"The cost efforts underway will enable us to become to be even more
competitive in the marketplace," Clarke added.  "These actions will
allow us to invest in key areas of the business, paving the way for
Navistar to be profitable and cash flow positive in 2016 and better
positioned as the truck market comes off its peak."

The Company presented via live web cast its fiscal 2015 third
quarter financial results on September 2nd.  Speakers on the web
cast included: Troy Clarke, president and chief executive officer;
Walter Borst, executive vice president and chief financial officer;
and other company leaders.

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

                        http://is.gd/x1fozt

                    About Navistar International

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

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

                          *     *     *

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

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

In January 2013, Fitch Ratings affirmed the issuer default ratings
for Navistar International at 'CCC' and removed the negative
outlook on the ratings.  The removal reflects Fitch's view that
immediate concerns about liquidity have lessened, although
liquidity remains an important rating consideration as NAV
implements its selective catalytic reduction engine strategy.


NAVISTAR INTERNATIONAL: Loan Agreements with JPMorgan Cancelled
---------------------------------------------------------------
MHR Capital Partners Master Account LP, MHR Capital Partners Master
Account II Holdings LLC, and JPMorgan Chase Bank, National
Association, London Branch, as lender, entered into a loan
agreement; and MHR Capital Partners (100) LP and the Lender entered
into a Loan Agreement to provide for a working capital facility for
Master Account and Capital Partners (100), respectively.  

In connection with the entry into the Loan Agreements, Master
Account and Capital Partners (100) have each agreed to pledge a
basket of certain publicly traded securities and certain other
assets owned by them, including the shares of Common Stock owned by
them, to secure their respective obligations under the Loan
Agreements.  The maturity date of each of the Loan Agreements is
July 29, 2015.  The Borrowers have the right to terminate the Loan
Agreements prior to their maturity date on the terms set forth
therein, at which time any pledge of securities would be
automatically released.  In addition, the Loan Agreements permit
the Borrowers to release the pledge of certain securities,
including the shares of Common Stock, under certain circumstances,
and substitute other securities or assets in replacement thereof.

On Sept. 4, 2015, the Loan Agreements were terminated by Master
Account and Capital Partners (100) in accordance with their
respective terms.  As such, the pledge of a basket of certain
publicly traded securities and certain other assets owned by Master
Account and Capital Partners (100), including the shares of Common
Stock owned by them, to secure their respective obligations under
the Loan Agreements, has been released.

The following reporting persons disclosed beneficial ownership of
common shares of Navistar International Corporation as of Sept. 4,
2015:

                                       Amount
                                    Beneficially     Percent of
   Name                                 Owned           Class
   ----                             ------------     ----------
MHR Institutional Parnters III LP    14,980,528         18.4%
MHR Institutional Advisors III LLC   14,980,528         18.4%
MHR Fund Management LLC              16,225,000         19.9%
MHR Holdings LLC                     16,225,000         19.9%
Mark H. Rachesky, M.D.               16,247,942         19.9%

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

                        http://is.gd/aIFD3r

                    About Navistar International

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

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

                          *     *     *

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

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

In January 2013, Fitch Ratings affirmed the issuer default ratings
for Navistar International at 'CCC' and removed the negative
outlook on the ratings.  The removal reflects Fitch's view that
immediate concerns about liquidity have lessened, although
liquidity remains an important rating consideration as NAV
implements its selective catalytic reduction engine strategy.


NCFM LLC: $2.9-Mil. Judgment in Favor of Firstmark Affirmed
-----------------------------------------------------------
Justice Melissa Goodwin of the Court of Appeals of Texas, Third
District, Austin, affirmed the trial court's summary judgment in
favor of Firstmark Credit Union.

NCFM, LLC, obtained funding from Firstmark for a warehouse line of
credit.  The parties' relationship was governed by a series of
documents, including a Promissory Note in the amount of $5 million,
a Commercial Loan Agreement, an Assignment of Note, and a
Disclaimer of Oral Agreements.  The agreement between Firstmark and
NCFM was a $5 million warehouse line of credit, secured by the
Note, that was in turn secured by the Assignment of the borrowers'
promissory notes.  In addition, Jadon F. Newman, who was the
manager of NCFM, signed a Guaranty guaranteeing the Loan, the Note,
any other debt incurred, and related expenses.

NCFM repaid all but $748,964 of the principal loan amount.  NCFM
defaulted on the Note in late 2009 and in 2010 filed for bankruptcy
under Chapter 11.  Firstmark filed suit against Newman seeking
recovery on the Guaranty.  The trial court's judgment awarded the
principal amount of $748,964; accrued interest in the amount of
$2,013,797; fees for late payment, appraisals, and accounting in
the amount of $139,539; and attorney's fees in the amount of
$85,000.

Newman raised the following issues on appeal: (a) that the trial
court erred by refusing to continue the hearing on the motion for
summary judgment for discovery to be conducted; (b) that the trial
court erred in sustaining Firstmark's objections to Newman's
summary judgment evidence; (c) that the trial court erred in
granting summary judgment on the merits of Firstmark's guaranty
claim because Firstmark did not conclusively prove the elements of
its claim; (d) that the trial court erred in granting summary
judgment in favor of Firstmark because he raised a fact issue as to
each of his affirmative defenses of material alteration, equitable
estoppel, waiver, and quasi-estoppel; (e) that Firstmark did not
conclusively negate an essential element of all of Newman's
counterclaims or prove every element of its affirmative defenses to
his counterclaims; (f) that Firstmark made material representations
concerning its experience in warehouse lending and who would hold
the deeds of trust on which he relied when he agreed to sign the
guaranty; (g) that Firstmark made material misrepresentations to
induce him to guarantee the NCFM loan and that Firstmark failed to
disclose its lack of experience with commercial warehouse lending;
(h) that the guaranty is void and that his obligations were
released due to Firstmark's actions.

Judge Goodwin overruled Newman's issues and affirmed the trial
court's summary judgment in favor of Firstmark.

The case is Jadon F. Newman, Appellant, v. Firstmark Credit Union,
Appellee, No. 03-14-00315-CV.

A full-text copy of Justice Goodwin's Memorandum Opinion dated
August 21, 2015, is available at http://is.gd/h0UdXdfrom
Leagle.com.


NET ELEMENT: Amends Letter Agreements to Extend Moratorium Date
---------------------------------------------------------------
Net Element, Inc., and certain qualified institutional investors
and certain institutional accredited investors who are parties to
the two letter agreements, each dated Aug. 4, 2015, agreed to
modify the Letter Agreements by extending the Moratorium Date (as
defined in the Letter Agreements) to 11:59 pm EST on Sept. 14,
2015.

On Aug. 4, 2015, Net Element entered into two letter agreements
with the certain qualified institutional investors and certain
institutional accredited investors listed in the Securities
Purchase Agreement (Series A Convertible Preferred Stock of the
Company) (the "Preferred SPA") and the Securities Purchase
Agreement (Senior Convertible Notes and Warrants) (the "Debt SPA").
The Letter Agreements waived certain terms of the Series A
Convertible Preferred Stock of the Company, and waived and amended
certain terms of the Preferred SPA and the Debt SPA and of the
Senior Convertible Notes and Warrants issued pursuant to the Debt
SPA.

                          About Net Element

Miami, Fla.-based Net Element International, Inc., formerly Net
Element, Inc., currently operates several online media Web sites
in the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $10.18 million on $21.2
million of net revenues for the 12 months ended Dec. 31, 2014,
compared to a net loss of $48.3 million on $18.7 million of net
revenues for the 12 months ended Dec. 31, 2013.

As of June 30, 2015, the Company had $25.8 million in total assets,
$14.5 million in total liabilities, and total stockholders' equity
of $11.2 million.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2014.  The accounting firm
said that the Company has suffered recurring losses from operations
and has used substantial amounts of cash to fund its operating
activities that raise substantial doubt about its ability to
continue as a going concern.


PACIFIC GOLD: Acquires Graysill Mining Claims
---------------------------------------------
Pacific Gold Corp., on Aug. 26, 2015, let lapse all of its mining
rights to the Butcher Boy claims that it leased under a lease
agreement held through Fernley Gold.  These claims reverted to the
claim holders, and the Company will write off the value of the
leased interests in its financial statements.

On Aug. 31, 2015, the Company acquired the Graysill Mining claims
for no consideration, but assumed the annual claims registration
fees.  These claims had been previously owned by its subsidiary
company, Pacific Metals Corp.

                        About Pacific Gold

Las Vegas, Nev.-based Pacific Gold Corp. is engaged in the
identification, acquisition, and development of prospects believed
to have gold mineralization.  Pacific Gold through its
subsidiaries currently owns claims, property and leases in Nevada
and Colorado.

The Company reported a net loss of $696,000 on $0 of revenue for
the three months ended June 30, 2014, compared with a net loss of
$515,000 on $0 of revenue for the same period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed $1.1 million
in total assets, $3.81 million in total liabilities and a
stockholders' deficit of $2.71 million.

Silberstein Ungar, PLLC, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2013, citing that the Company has incurred losses from operations,
has negative working capital, and is in need of additional capital
to grow its operations so that it can become profitable.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


PARK 91 LLC: Plan Requires Sale in 22 Months
--------------------------------------------
Park 91 LLC has a Plan of Liquidation predicated on a settlement
with the senior secured creditor, 2013 NY Funding, LLC, which holds
a first mortgage on the Debtor's sole asset, a town house located
on Park Avenue and 91st Street in Manhattan.

The Plan generally provides the Post-confirmation Debtor a period
of 22 months to sell its sole asset conditioned upon the
Post-confirmation Debtor making certain interest payments to its
senior secured creditor and remaining current on other obligations
such as payment of Real Estate Taxes, insurance, and the like.

If the Debtor does not default and makes all payments required by
the Plan, the Debtor will have an opportunity to market the
townhouse through more traditional means by the use of the broker
as long as the Property is sold by April 30, 2017 (defined in the
Plan as the "Sale and Payment Deadline").

However, upon the Auction Commencement Date -- which is defined
under the Plan to be the earlier of (a) the Post Sale Payment
Commencement Date (defined in the Plan as the next ensuing day,
including intermediate Saturdays, Sundays and legal holidays,
immediately following the expiration of the Sale and Payment
Deadline, i.e., May 1, 2017 if there is no Event of Default) or,
(b) the Post Event of Default Commencement Date if there is an
occurrence of an Event of Default (as defined in the Plan to
include, among other things, the Post-confirmation Debtor's failure
to timely make payments when due under the Plan beyond any
applicable cure period) -- the Plan provides for the immediate
appointment of the Plan Administrator who will be charged with,
among other things, taking control of the Property and other
Post-confirmation Estate Assets and selling the Property via
Auction.  The Auction will be conducted by the Plan Administrator
with the assistance of an Auctioneer and sold by the Auction
Deadline, which is 60 days after the Auction Commencement Date.
The senior secured creditor will have the right, but not the
obligation, to Credit Bid the total amount of its Allowed Secured
Claim at the Auction.

The Plan also provides that if the Property is to be sold through
the Auction process, the Debtor's occupants, which are Michael
Gardner and Lynda Gardner (together, the "Gardners"), the only
Interest holders of the Debtor, will vacate and surrender
possession of the Property to the Plan Administrator by no later
than 30 days after the Auction Commencement Date.  Further, if for
any reason the Gardners fail to do so, the Plan provides certain
mechanisms effectuate such relief, although it is not anticipated
that will be necessary.  The Gardners are consenting to such relief
because they recognize it will be necessary for them to have
vacated the Property in advance of any Auction, in order to
maximize the value of the Property at such Auction.

Under the Plan:

   * Holders of administrative claims (Unclassified) will be paid
100% of their claims on the effective date of the Plan.
Administrative claims are unimpaired.

   * Holder of 2013 NY Funding I LLC's secured claim (Class 1) will
be paid 100% of the allowed secured claim plus interest at a rate
of 9% per annum through Sept. 30, 2015 and 6% per annum from the
Effective Date until the Debtor's property is sold or allowed
secured claim is paid in full.  The class is impaired.

   * The holder of Surya Capital LLC's secured claim (Class 2) will
be paid 100% of the allowed secured claim plus interest at a rate
of 14% per annum until the Debtor's property is sold.  The class is
impaired.

   * As to the City of New York's secured claim on account of real
estate taxes (Class 3), the Post-confirmation Debtor will pay the
City of New York all outstanding real estate taxes over a period of
one year from the Effective Date at the statutory interest rate
($5,000 per month for 11 months with balloon payment on 12th
month).  The class is impaired.

   * As to priority tax claims (Class 4), holders will be paid 100%
of their allowed claims paid over two years from the Petition Date
(in equal quarterly payments) at the statutory rate of interest.
The class is unimpaired.

   * As to general unsecured claims (Class 5), holders will receive
100% of their allowed claims, with interest at 4% per annum from
the Petition Date, to be paid in cash on the Effective Date.  The
class is unimpaired.

   * Michael Gardner and Lynda Gardner, the sole equity interest
holders (Class 6), will retain their equity interests as it existed
on the Petition Date in exchange for the plan contribution.  The
Debtor estimates that the plan contribution will be approximately
$100,000.  It is expected that Michael Gardner will continue to
make additional capital contributions to meet the obligations
required under the Plan.  Michael Gardner and Lynda Gardner shall
not receive any distribution under the Plan. Class 6 is not
impaired under the Plan.

Claim holders in Classes 1, 2 and 3 are impaired under the Plan and
are eligible, subject to the limitations, to vote to accept or
reject the Plan.  All ballots must be received prior to 5:00 P.M.
on September 16, 2015.

A hearing to consider confirmation of the Plan is slated for Sept.
22, 2015 at 2:00 p.m. in Courtroom No. 601 at the United States
Bankruptcy Court located at One Bowling Green, New York, New York.

A copy of the Disclosure Statement accompanying the Debtor's
Amended Plan of Liquidation dated Sept. 2, 2015, is available for
free at:

    http://bankrupt.com/misc/PARK_91_36_DS_090215.pdf

                           About Park 91

Park 91 LLC is the fee simple owner of a townhouse located at 1145
Park Avenue, New York.  The townhouse is located in the Carnegie
Hill Historic District on Park Avenue and 91st Street.  

Park 91 sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y.
Case No. 15-10957) in Manhattan on April 17, 2015.  

Bankruptcy Judge James L. Garrity Jr. presides over the case.  The
Debtor is represented by Scott S. Markowitz, Esq., at Tarter
Krinsky & Drogin LLP, in New York.


PARK FLETCHER: Cassidy-Turley Has Until Sept. 23 to Defend Claim
----------------------------------------------------------------
U.S. Bankruptcy Judge Jeffrey Graham has given Cassidy-Turley
Midwest Real Estate until Sept. 23, 2015, to file a reply to an
objection filed by Park Fletcher Realty LLC to its claim.

Park Fletcher on July 24 asked the bankruptcy judge to deny Claim
No. 2 asserted by Cassidy-Turley, saying it is not liable for the
claim.  

                   About Park Fletcher

Park Fletcher Realty, LLC filed a Chapter 11 bankruptcy petition
(Bank. S.D. Ind. Case No. 15-00843) on Feb. 15, 2015.  The petition
was signed by Shawn Williams as managing member.

Judge Jeffrey J. Graham presides over the case.  KC Cohen, Esq., at
KC Cohen, Lawyer, PC, serves as the Debtor's counsel.  Park
Fletcher Realty LLC disclosed $15,201,760 in assets and $13,187,177
in liabilities as of the Chapter 11 filing.


PATRIOT COAL: CCIL Discloses Status as Substantial Shareholder
--------------------------------------------------------------
Coastal Capital International Ltd., Underhill Partners LP, and
Bennett Hatfield disclosed that they are "substantial shareholders"
of Patriot Coal Corp.

Coastal Capital disclosed that as of June 10, 2015, it has
beneficial ownership of 31,253 shares of Class A Common Stock and
1,049,106 Class A Warrants, which the company acquired during the
period Dec. 27, 2013 to Feb. 7, 2014.

Underhill Partners disclosed that it has beneficial ownership of
25,505 shares of Class A Common Stock and 9,421 Class A Warrants as
of June 16, 2015.  The company acquired them on Aug. 2, 2012 and on
Jan. 29, 2014.

Meanwhile, Ms. Hatfield has beneficial ownership of 56, 667 shares
of Class A Common Stock of Patriot Coal as of July 2, 2015, which
she acquired on January 1, 2015.

The shareholders made the disclosures in accordance with a ruling
issued by U.S. Bankruptcy Judge Keith Phillips.  The court order,
issued on June 4, 2015, allowed Patriot Coal to implement
procedures that must be satisfied before certain transfers of
common stock of the company, or of any beneficial interest therein
are deemed effective.

The court-approved process was supported by Patriot Coal's official
committee of unsecured creditors.

                        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 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: Court Set to Hear Rejection of Peabody Contracts
--------------------------------------------------------------
A U.S. bankruptcy court is set to hear a motion filed by Patriot
Coal Corp. to reject its contracts with Peabody Energy Corp.

The U.S. Bankruptcy Court for the Eastern District of Virginia will
take up the motion at a hearing on Sept. 16.

Last month, the coal producer sought court approval to walk away
from 48 contracts with Peabody, citing significant cost savings
from the rejection.

Patriot Coal spun off from Peabody in 2007 and signed various
contracts with the company, some of which are tied to the spinoff
and required the coal producer to administer employee and
retirement benefits.  

The coal producer wants the contracts rejected, saying they
"constitute an unnecessary drain" on its resources.

The committee representing Patriot Coal's retirees had earlier
expressed its opposition, saying the rejection of contracts related
to the administration of retirement benefits is a "product of bad
faith."

According to the group, the $19,000 monthly fee that Patriot Coal
receives from Peabody is "more than sufficient" to justify its
continued administration of retirement benefits.

The retiree committee was appointed in July this year by the U.S.
trustee overseeing Patriot Coal's bankruptcy case.  The four-member
group is composed of retirees, including Carl Egnor, United Mine
Workers of America's representative.

The retiree committee is represented by:

     Jon D. Cohen, Esq. (Pro Hac Vice)
     Stahl Cowen Crowley Addis LLC
     55 West Monroe Street, Suite 1200
     Chicago, Illinois 60603
     Phone: (312) 641-0060
     Fax: (312) 641-6959
     Email: jcohen@stahlcowen.com

                         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 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: Gets Approval to Implement 'Sell-Down' Procedures
---------------------------------------------------------------
Patriot Coal Corp. received court approval to implement procedures
for trading in claims against the company and its affiliates.

The order, issued by U.S. Bankruptcy Judge Keith Phillips, approved
a process that would be implemented should Patriot Coal seek and
get an order requiring certain entities to "sell down" claims.  

These entities, who have acquired claims against Patriot Coal and
its affiliates during their bankruptcy cases in such an amount that
they would be entitled to receive more than 4.85% of the equity of
the reorganized companies, would be required to sell down their
claims below this applicable percentage.

The court order also allowed Patriot Coal to provide notice of the
"effective date" to entities that trade claims against the
companies that their claims ultimately may be subject to sell
down.

Separately, Judge Phillips has given Patriot Coal final approval to
pay up to $8 million for claims entitled to administrative priority
under section 503(b)(9) of the Bankruptcy Code; up to $17.2 million
for claims of creditors providing shipping, warehousing and other
services and claims tied to customs duties; up to $500,000 for
claims of creditors based outside the United States; and up to $22
million for claims of key vendors.

                         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 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: Jefferies Files Supplemental Declaration
------------------------------------------------------
Leon Szlezinger, managing director and joint global head of
Restructuring and Recapitalization at Jefferies LLC, filed with the
U.S. Bankruptcy Court for the Eastern District of Virginia a
supplemental declaration in relation to the application of the
Official Committee of Unsecured Creditors in the Chapter 11 cases
of Patriot Coal Corporation, et al.

Mr. Szlezinger related that since filing the initial declaration,
Jefferies has been engaged by Penn Virginia Corporation on matter
unrelated to the Debtors and the cases.

Jefferies' principal office is located at 520 Madison Avenue, New
York City.

On June 11, 2015, the Committee sought permission to retain
Creditors authorizing the retention of Jefferies nunc pro tunc to
May 21, 2015.

Jefferies will, among other things:

   a) become familiar with, to the extent Jefferies deems
appropriate, and analyzing, the business, operations, properties,
financial condition and prospects of the Debtors;

   b) advise the Committee on the current state of the
"restructuring market"; and

   c) advise the Committee on any M&A Transaction.

Jefferies' fee and expense structure includes:

   -- a monthly fee equal to $150,000 per month until the
expiration or termination of the engagement letter; and

   -- upon the consummation of any transaction, a fee equal to (i)
$2,500,000 if the Committee either supports or does not file and
prosecute any material objection to such transaction, and (ii)
$2,000,000 if the Committee does prosecute any material objection
to such transaction and such objection is not settled or withdrawn.

In addition to any fees that may be paid to Jefferies under the
engagement letter, the Debtors will reimburse Jefferies for all
out-of-pocket expenses incurred in connection with its engagement
by the Committee.

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

                        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 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.


PENNYMAC MORTGAGE: Moody's Assigns 'B1' Corporate Family Rating
---------------------------------------------------------------
Moody's Investors Service assigned B1 Corporate Family Rating and
issuer rating to PennyMac Mortgage Investment Trust ("PMT"). The
outlook is negative.

RATINGS RATIONALE

PMT's B1 CFR and issuer rating reflect the company's solid capital
level, experienced management team, and modestly more diversified
business profile than other monoline residential mortgage companies
in the single-B rating category.

PMT maintains solid capital level with tangible common equity to
assets ratio over 20%. In addition, PMT's investment in distressed
loans and prime-credit correspondent mortgage banking provide the
company some diversification.

Offsetting the positive factors are the risks embedded in the
company's rapid growth reflecting an over 90% increase in total
assets over the past 2 years as well as PMT's reliance on
short-term secured funding for its investment portfolio, which
limits the company's financial flexibility. Furthermore, the
ratings reflect PMT's reliance on PennyMac Financial Services, Inc.
("PFSI") as PMT does not have any employees and is completely
reliant on the employees and resources of its manager PFSI.

The negative rating outlook reflects PMT's recent constrained
profitability. The company's weaker profitability while expected by
Moody's has been more pronounced. The company's net income to
average total assets declined to 1.2% in the first half of 2015
from over 4% in 2014 mainly due to lower investment gains on its
distressed loans portfolio.

PMT's ratings are unlikely to be upgraded given the negative
outlook. The outlook could return to stable if the company
stabilizes its earnings and maintains its solid capital level.

The ratings could be downgraded if the company is unable to achieve
sustained net income to average assets above 2%, or if tangible
common equity to tangible assets drops below 17.5%.



PHOTOMEDEX INC: JIKANG Buys SLT Laser Business for $1.5 Million
---------------------------------------------------------------
PhotoMedex, Inc., and its subsidiary PhotoMedex Technology, Inc.
("PTECH") entered into an Asset Purchase Agreement and a
Supplemental Agreement with DaLian JiKang Medical Systems Import &
Export Co., LTD, effective Sept. 1, 2015, according to a document
filed with the Securities and Exchange Commission.  Under the Asset
Purchase Agreement, JIKANG acquired the SLT surgical laser business
from PTECH, for a total purchase price of $1.5 million.  The
Company will net approximately $1.2 million after payment of
closing and ancillary costs.

The Purchase Price is payable to the Company in three installments.
An initial deposit of $300,000 was made on Sept. 2, 2015.  JIKANG
will provide two letters of credit to the Company for the remainder
of the Purchase Price.  The $1 million Letter of Credit will become
payable to the Company on or about Nov. 17, 2015, at which time
substantially all the assets will be transferred to JIKANG in
consummation of the transaction.  The remaining Letter of Credit,
for $200,000, will be payable to the Company by Feb. 17, 2016,
after certain post-closing steps including the receipt of all
assets at JIKANG's facilities and the training of JIKANG's
personnel.

The Asset Purchase Agreement contains customary representations,
warranties and covenants by each of the Company, PTECH and JIKANG,
as well customary indemnification provisions among the parties.

Also, the Company has entered into a First Amendment to its Stock
Purchase Agreement datesd as of Jan. 31, 2015, under which the
Company and its subsidiary LCA-Vision Inc. sold LCA and its
subsidiaries to Vision Acquisition, LLC.  The First Amendment
amends the Stock Purchase Agreement to permit an Internal Revenue
Code Section 338(h)(10) or 336(e) election under which all parties
to the transaction, including the Company, are treated for tax
purposes as if Vision had purchased the assets of LCA rather than
LCA's stock.  Vision agreed to pay the Company the sum of $300,000
for entry into the First Amendment.  The transaction was completed
as of Aug. 31, 2015.

                         About PhotoMedex

PhotoMedex, Inc., is a global health products and services company
providing integrated disease management and aesthetic solutions to
dermatologists, professional aestheticians, ophthalmologists,
optometrists, consumers and patients.  The Company provides
proprietary products and services that address skin conditions
including psoriasis, vitiligo, acne, actinic keratosis, photo
damage and unwanted hair, as well as fixed-site laser vision
correction services at our LasikPlus(R) vision centers.

PhotoMedex and its subsidiaries has entered into a second
amended and restated forbearance agreement with the lenders that
are parties to the credit agreement dated May 12, 2014, and with JP
Morgan Chase, as administrative agent for the Lenders pursuant to
which the Lender have agreed to forbear from exercising their
rights and remedies with respect to certain events of default from
Aug. 25, 2014, until April 1, 2016, or earlier if an event of
default occurs, according to a document filed with the Securities
and Exchange Commission in March 2015.

As of June 30, 2015, the Company had $67.7 million in total assets,
$23.9 million in total liabilities and $43.8 million in total
stockholders' equity.

                        Bankruptcy Warning

"If, in the future, PhotoMedex is required to obtain similar
forbearance agreements as a result of our inability to meet the
terms of the credit agreement, there can be no assurance that those
forbearance agreements will be available on commercially reasonable
terms or at all.  If, as or when required, we are unable to repay,
refinance or restructure our indebtedness under those credit
facilities, or amend the covenants contained therein, the lenders
could elect to terminate their commitments under the credit
facilities and institute foreclosure proceedings against our
assets.  Under such circumstances, we could be forced into
bankruptcy or liquidation.  In addition, any additional events of
default or declaration of acceleration under one of those
facilities or the forbearance agreement could also result in an
event of default under one or more of these agreements.  Such a
declaration would have a material adverse impact on our liquidity,
financial position and results of operations," the Company stated
in its 2014 annual report.


POMONA RDA SUCCESSOR: Moody's Ups TABs Rating From Ba1
------------------------------------------------------
Moody's Investors Service has upgraded to Baa2 from Ba1 the
Successor Agency to the Pomona Redevelopment Agency's Tax
Allocation Bonds.

"On June 24, 2015, in connection with the release of our Tax
Increment Debt methodology, we placed the ratings for nearly all
California tax allocation bonds (TABs) on review for upgrade,
including this successor agency's (SA) TABs. This rating action
completes our review for this SA," Moody's said.

Three years post-dissolution, the administrative risks related to
the payment of debt service have significantly lessened, so we are
now placing greater weight on the fundamental project area
characteristics and some of the positive features of the
dissolution legislation, including the closed lien status of the
debt and the availability of the 20% of tax increment revenues
previously restricted for use on affordable housing to pay debt
service.

SUMMARY RATING RATIONALE

The upgrade to Baa2 takes into account the large incremental
assessed value (AV) of the project area, return to AV growth after
four years of small declines, low taxpayer concentration, and
somewhat high level of incremental AV to total AV. The rating also
heavily factors in minimal debt service coverage levels, and the
below average overall city socioeconomic profile.

The rating factors in the SA's successful adaptation to post
dissolution processes and administrative procedures and our
expectation that this will continue. The rating also incorporates
our generally positive assessment of the implementation of the
legislation that dissolved redevelopment agencies (RDAs) by most
successor agencies over the last three years, leading to timely
payment of debt service on California TABs.

In 2012, state legislation dissolved all California RDAs, replacing
them with "successor agencies" to serve as fiduciary agents.
Dissolution effectively changed the flow of funds and processes
around the payment of debt service on TABs. Tax increment revenue
is placed in trust with the county auditor-controller, who makes
semi-annual distributions of funds sufficient to pay debt service
on TABs and other "enforceable obligations" approved by the state.

OUTLOOK

Outlooks are generally not applicable for local government credits
of this size.

WHAT COULD MAKE THE RATING GO UP

-- Sizable increase in incremental AV of the project area, leading
to greater debt service coverage

WHAT COULD MAKE THE RATING GO DOWN

-- Protracted decline in incremental AV

-- Erosion of debt service coverage levels

-- Additional legislative or administrative changes that create
uncertainty as to the timely payment of debt service

OBLIGOR PROFILE

The Successor Agency to the Pomona Redevelopment Agency is a
separate legal entity from the City of Pomona. The SA is
responsible for winding down the operations of the former RDA,
making payments on state-approved "enforceable obligations" and
liquidating any unencumbered assets to be distributed to other
local taxing entities.

LEGAL SECURITY

The legal security for bonds is tax increment revenue from the
merged project area net of pass through payments.

While not legally pledged, the dissolution laws permit TAB debt
service to be paid from tax increment revenues deposited in the
SA's Redevelopment Property Tax Trust Fund (RPTTF), less amounts
disbursed for pass-through payments and certain administrative
charges. This includes the 20% of TI revenue previously considered
restricted housing set aside. The SA is responsible for notifying
the county auditor-controller of any shortfall in TI revenue
expected to be deposited in the RPTTF needed for the payment of TAB
debt service that would result from the disbursal of the monies for
subordinated pass-through payments, so that the necessary
subordination can be effected through changes to the usual flow of
funds.



PRIMERA ENERGY: Chapter 11 Trustee Puts Headquarters on Sale
------------------------------------------------------------
Jason Searcy, the Chapter 11 Trustee for Primera Energy, LLC, has
hired San Antonio's Reata Real Estate Services LP to sell the
Company's 7,525-square-foot headquarters building, which is located
off far north Blanco Road at 21022 Gathering Oak, San Antonio,
Texas, court documents say.

Sergio Chapa at San Antonio Business Journal relates that Reata
partner David Ballard is listed at the primary agent while Parker
LaBarge is listed as an associate broker for the property.
According to court filings, Reata Real Estate will get a 6%
commission on the sale of the property.

The Company's owner, Brian Alfaro, has paid $57,723.93 of the
building's $1,028,190 mortgage, leaving behind $970,466.07 in debt
at the time of the Company's bankruptcy filing, court records
show.

Business Journal recalls that U.S. Bankruptcy Judge Craig Gargotta
ousted Mr. Alfaro and put the Chapter 11 Trustee in control in July
2015 at a time when all but one of the Company's oil wells had been
shut in and a lone line of creditors and angry investors had
formed.

Business Journal reports that the Chapter 11 Trustee contracted
with Traton Engineering Associates LP to get the Company's oil
wells back into shape.  Business Journal relates that the Company's
two oil wells in McMullen County, Texas, had been shut in with
multiple liens.  According to court documents, the oil wells have
now been put back into production by Traton and generated
$66,125.27 of income in July 2015.

                       About Primera Energy

Primera Energy, LLC, is headquartered in San Antonio, Texas.

Primera Energy filed for Chapter 11 bankruptcy protection (Bankr.
W.D. Tex. Case No. 15-51396) on June 3, 2015, to stop the investors
from trying to "squeeze" money out of the Company, according to the
Company's owner, Brian K. Alfaro.

The Company estimated its assets and liabilities at between $1
million and $10 million.  

Judge Craig A. Gargotta presides over the case.

Dean William Greer, Esq., who has an office in San Antonio, Texas,
serves as the Debtor's bankruptcy counsel.

The Chapter 11 petition was signed by Mr. Alfaro.


PROTOM INTERNATIONAL: Court Approves Sale of Assets to Michaelson
-----------------------------------------------------------------
The United States Bankruptcy Court for the Northern District of
Texas Dallas Division approved the sale of substantially all of the
assets of ProTom International, Inc., and ProTom International,
LLC.

The Debtors have entered into an asset purchase agreement with
Michaelson Capital Special Finance Fund, LP., who submitted the
highest and best offer to purchase the Purchased Assets.  The
purchase price to be paid by Michaelson includes (a) the aggregate
amount of the Michaelson Secured Claims, (b) $2.0 million cash; (c)
the Aggregate Cure Amount Payment which will be used to pay the
Cure Amounts; (d) the amount due by assumption by Buyer of the
Assumed Liabilities, and (e) the Series A Preferred Amount.

Dallas County filed a limited objection on the sale free and clear
of its liens without receiving payment in full at closing.  Dallas
County asked the court for an order that provides that the liens
that secure all amounts ultimately owed for tax year 2015 attach to
the gross sale proceeds with the same validity, priority and extent
that they attached to the assets sold or, alternatively, that year
2015 ad valorem business personal property taxes be paid at the
sale closing.

McLaren Health Care Corporation also opposed the sale, stating that
it does not consent to the transfer of these assets free and clear
of its rights, title, claims and interests.  McLaren asserted that
its interests cannot be extinguished by the sale.  McLaren added
that it is necessary for the Sale Order to provide a clear
statement that neither the Debtors nor Buyer have any interest in
the Purchase Agreement and the McLaren Contested Assets, and that
same are not property of the Debtors’ estates, and that the Sale
Order includes a finding that the Purchase Agreement was terminated
pre-petition and that McLaren has all of its rights, title, claims
and interests under the termination provisions of the Purchase
Agreement.

Mclaren Health Care Corporation is represented by:

          Stephen M. Pezanosky, Esq.
          Autumn D. Highsmith, Esq.
          HAYNES AND BOONE LLP
          2323 Victory Avenue, Suite 700
          Dallas TX 75219-7672
          Tel: (214) 651-5000
          Fax: (214) 651-5940
          Email: stephen.pezanosky@haynesboone.com
                 autumn.highsmith@haynesboone.com

             -- and --

          Julie Beth Teicher, P.C., Esq.  
          ERMAN, TEICHER, ZUCKER &
          FREEDMAN, P.C.
          400 Galleria Officentre, Suite 444
          Southfield, MI 48034
          Tel: (248) 827-4100
          Fax.: (248) 827-4106
          Email: jteicher@ermanteicher.com

The Debtors are represented by:

          Kenneth Stohner, Jr.
          JACKSON WALKER L.L.P.
          901 Main Street, Suite 6000
          Dallas, Texas 75202
          Tel: (214)953-5904
          Fax: (214)661-6803
          Email: kstohner@jw.com
  
Dallas County is represented by:

          Laurie Spindler Huffman
          Linebarger Goggan Blair & Sampson, LLP
          2777 N. Stemmons Fwy, Suite 1000
          Dallas, TX 75207
          Tel: (469) 221-5125
          Fax: (469) 221-5002
          Email:  laurie.huffman@lgbs.com  

                  About ProTom International

ProTom International Inc. is a medical technology focused on proton
therapy for cancer patients.  The Company and affiliate ProTom
International, LLC, have the exclusive rights to sell in the U.S.
the compact accelerators developed by Russia-based ZAO Protom and
owner Vladimir E. Balakin.  The ZAO system and technology were
lighter and cheaper than proton therapy systems then in operation
in the U.S.  This technology has been the basis on which ProTom has
developed its Radiance 330 Proton Therapy System.

ProTom International, Inc., and ProTom International, LLC, sought
Chapter 11 bankruptcy protection (Bankr. N.D. Tex. Case No.
15-32065 and 15-32066) in Dallas on May 12, 2015.  The cases are
assigned to Judge Barbara J. Houser.

The Debtors tapped Jackson Walker, LLP as counsel, and Lain,
Faulkner & Co., P.C., as accountant.

ProTom Inc. estimated $10 million to $50 million in assets and
debt.  ProTom International Inc., disclosed $1,728,894 in assets
and $22,283,648 in liabilities as of the Chapter 11 filing.


QUEST SOLUTION: Kurt Thomet Resigns as President
------------------------------------------------
Quest Solution, Inc., announced that Kurt Thomet has resigned as
president of the Company, effective Aug. 26, 2015, to pursue other
ventures and to further his involvement as an active participant
and board member of News Beat Social, a one-minute video news media
company based in Portland, Oregon.  

Mr. Thomet founded Quest Marketing, Inc., the Company's
wholly-owned subsidiary acquired in 2014, in 1993, and has served
as president of the Company since 2014.  Tom Miller, the Company's
Chairman of the Board of Directors and chief executive officer will
assume the role of president of the Company effective immediately.

"I am extremely thankful for the many years of exciting growth that
employees and vendors of Quest Solution have shared with me," said
Mr. Thomet.  "Quest Solution is a great company with loyal
customers, outstanding employees and strong growth prospects.  I am
confident in the public company experience of Tom Miller and the
sales talent of George Zicman to guide the Company through the
successful integration of both current and future acquisitions as
they strive to create superior returns for stockholders and an
exciting workplace for our industry leading staff."

"We are very grateful to Kurt for his hard work, vision and
commitment to our Company," said Mr. Miller.  "Kurt helped build a
strong leadership team and a winning corporate culture.  He was a
part of a team that helped create a Company that is working every
day to build scale and achieve operational excellence as we service
customers in some of the fastest growing industries of our economy.
Concurrent with Kurt’s departure, we are pleased to announce the
following financial developments; each of which serve to improve
our balance sheet, continue our focus on an 'asset-light' business
model, reduce interest expense, and simplify our capital
structure."

In connection with Mr. Thomet's resignation and in exchange for
$1.15 million of value against debts owed to Mr. Thomet, the
Company assigned its rights to certain technology licenses and
associated intellectual property acquired by the Company from
Rampart Detection Systems under an existing Technology License
Agreement.  Mr. Thomet's intent is to form global partnerships to
commercialize technologies for mining, gun barrel detection, cell
phone detection, airframe inspection and rebar inspection.  As part
of the assignment of these licenses, the Company will receive a
five-year royalty fee of 3.5% of revenue related to the gun-barrel,
rebar inspection and air frame licenses.  The Company applied the
$1.15 million in proceeds to reduce near-term debt owed to Mr.
Thomet.

The Company will also be settling the balance of the two promissory
notes issued to Mr. Thomet, the outstanding balance of which is
approximately $9.63M, by Sept. 30, 2015, for $5.886 million in cash
as well as the $1.15M paid relative to the Rampart licenses.  The
Company has further agreed to purchase 900,000 shares of Mr.
Thomet's common stock no later than Dec. 31, 2015, at a price of at
$0.38 per share.  Additionally, Mr. Thomet terminated 5,600,000
unexercised warrants to purchase Company common stock under two
separate agreements and accepted the termination of his Consulting
Agreement with the Company and associated 1,500,000 shares of
restricted common stock.  The effect of the stock buyback and
cancellation of unexercised warrants on the Company's weighted
average fully diluted shares is a net 2.4M share reduction, based
on the amount reported in the Company's Form 10-Q as of June 30,
2015.

Given the debt settlement, the income statement impacts from these
changes would include:

   * Cash interest expense per quarter savings of approximately
     $47,500
     
   * Non-cash OID interest expense savings per quarter of
     approximately $138,000

These amounts are based on the historical cash and non-cash
interest expenses the company incurred.

"We are excited about this settlement agreement because in addition
to providing Mr. Thomet good value, it provides financial
flexibility for the company to pursue further growth opportunities,
at a more rapid pace than previous," Miller added.

                      About Quest Solution

Quest Solution (formerly known as Amerigo Energy, Inc.) is a
national mobility systems integrator with a focus on design,
delivery, deployment and support of fully integrated mobile
solutions.  The Company takes a consultative approach by offering
end to end solutions that include hardware, software,
communications and full lifecycle management services.  The highly
tenured team of professionals simplifies the integration process
and delivers proven problem solving solutions backed by numerous
customer references.  Motorola, Intermec, Honeywell, Panasonic,
AirWatch, Wavelink, SOTI and Zebra are major suppliers which Quest
Solution uses in its systems.

Quest Solution reported net income of $302,000 on $37.3 million of
total revenues for the year ended Dec. 31, 2014, compared with a
net loss of $1.12 million on $4,070 of total revenues for the year
ended Dec. 31, 2013.

As of June 30, 2015, the Company had $35.4 million in total assets,
$34.2 million in total liabilities and $1.2 million in total
stockholders' equity.


R.C.D. CLEANING: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: R.C.D. Cleaning Service, Inc.
        c/o Minkin & Harnisch
        6515 N. 12th Street, Suite B
        Phoenix, AZ 85014

Case No.: 15-11342

Chapter 11 Petition Date: September 3, 2015

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

Debtor's Counsel: Andrew A. Harnisch, Esq.
                  MINKIN & HARNISCH PLLC
                  6515 N. 12th Street, Suite B
                  Phoenix, AZ 85014
                  Tel: 602-639-3563
                  Email: andy@mhlawaz.com

Estimated Assets: $50,000 to $100,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Rose Doyle, president.

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


REICHHOLD HOLDINGS: Court Approves Sale of Cheswold Property
------------------------------------------------------------
Judge Mary F. Walrath of the United States Bankruptcy Court of the
District Delaware approved the sale of Reichhold Holdings, Inc., et
al.'s real property located at 144 Fork Branch Road, in Cheswold,
Delaware.

The Debtors have entered into an asset purchase agreement with
Michael Steiner to purchase the Property.  Subject to the terms of
a settlement agreement, the Transferred Assets will be sold free
and clear of all existing liens, claims and encumbrances.   

                      About Reichhold

Founded in 1927, Reichhold, with its world headquarters and
technology center in Durham, North Carolina, is one of the world's
largest manufacturer of unsaturated polyester resins and a leading
supplier of coating resins for the industrial, transportation,
building and construction, marine, consumer and graphic arts
markets.  Reichhold -- http://www.Reichhold.com/--  has       
manufacturing operations throughout North America, Latin America,
the Middle East, Europe and Asia.

As of June 30, 2014, the Reichhold companies had consolidated
assets of $538 million and liabilities of $631 million.

Reichhold Holdings US, Inc., Reichhold, Inc., and two U.S.
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 14-12237) on Sept. 30, 2014.

Cole, Schotz, Meisel, Forman & Leonard, P.A. (legal advisor) and
CDG Group LLC (financial advisor) are representing Reichhold, Inc.
Latham & Watkins LLP (legal advisor) and Moelis & Company
(investment banker) are serving Reichhold Industries, Inc.

Logan & Company is the company's claims and noticing agent.

The cases are assigned to Judge Mary F. Walrath.

The U.S. Trustee for Region 3 appointed seven creditors of
Reichhold Holdings US, Inc. to serve on the official committee of
unsecured creditors.

On April 2, 2015, Reichhold disclosed that the purchase of most of
the assets of the U.S. business was completed.  This transaction,
approved by the Delaware Bankruptcy Court on January 12, 2015,
allows Reichhold's U.S. businesses to successfully emerge from
bankruptcy and re-join the rest of the global Reichhold
organization.  Concurrent with this purchase, Reichhold completed
a debt-for-equity exchange with a group of investors led by Black
Diamond Capital Management LLC and including J.P. Morgan
Investment Management, Inc., Third Avenue Management LLC, and
Simplon
Partners LP.

On April 1, 2015, the U.S. Trustee named three non-union retirees
of Debtors to serve as the official Non-Union Retiree Committee.
Each of the Retiree Committee members is receiving retiree welfare
benefits from one or more of the Debtors.  The Retiree Committee
tapped the law firm of Stahl Cowen Crowley Addis LLC as its
counsel.


RITE AID: Files Financial Statements of Acquired Assets
-------------------------------------------------------
Rite Aid Corporation previously disclosed in a Form 8-K report the
completion of its acquisition of Envision Pharmaceutical Services,
a national, full-service pharmacy benefit management company, on
June 24, 2015, pursuant to an Agreement and Plan of Merger, dated
as of Feb. 10, 2015.  The Company has amended the Form 8-K to
provide the financial statements of Envision and its subsidiaries
for the year ended Dec. 31, 2014 (successor), the period from
Nov. 4, 2013, to Dec. 31, 2013 (successor), the period from
Jan. 1, 2013, to Nov. 3, 2013 (predecessor) and the year ended Dec.
31, 2012 (predecessor), which are available for free at:

                        http://is.gd/jeGYnV
                        http://is.gd/31IZxy

                        About Rite Aid Corp.

Rite Aid is a drugstore chain with 4,570 stores in 31 states and
the District of Columbia.

The Company disclosed in its annual report for the year ended
Feb. 28, 2015, that it is highly leveraged.  Its substantial
indebtedness could limit cash flow available for its operations and
could adversely affect its ability to service debt or obtain
additional financing if necessary.

As of May 30, 2015, the Company had $10.5 billion in total assets,
$10.4 billion in total liabilities and $152.7 million in total
stockholders' equity.

                           *     *     *

In March 2015, Moody's Investor Service confirmed its 'B2'
Corporate Family Rating of Rite Aid.  The confirmation reflects
Moody's expectation that Rite Aid will maintain debt to EBITDA
below 7.0 times after closing the acquisition of Envision
Pharmaceutical Holdings, Inc.

As reported by the TCR on Oct. 2, 2013, Standard & Poor's Ratings
Services said it raised its ratings on Rite Aid, including the
corporate credit rating, which S&P raised to 'B' from 'B-'.

In April 2014, Fitch Ratings upgraded its ratings on Rite Aid,
including its Issuer Default Rating to 'B' from 'B-'.  The upgrades
reflect the material improvement in the company's operating
performance, credit metrics and liquidity profile over the past 24
months.


ROTONDO WEIRICH: Sept. 10 Meeting Set to Form Creditors' Panel
--------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on September 10, 2015, at 10:00 a.m. in the
bankruptcy case of Rotondo Weirich Enterprises, Inc. and related
cases.

The meeting will be held at:

         Office of the U.S. Trustee
         833 Chestnut Street, Suite 501
         Philadelphia, PA 19107

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

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

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.



SABINE OIL: Cash Spending Dispute Divides Creditors
---------------------------------------------------
Tom Corrigan, writing for Dow Jones' Daily Bankruptcy Review,
reported that Sabine Oil & Gas Corp.'s senior creditors have sided
with the company in a drawn-out dispute over the deal under which
Sabine may be allowed to about $250 million in cash.

According to the report, the dispute, which has plagued Sabine
since the day it filed for bankruptcy, has pitted the company and
its senior lenders against unsecured creditors, who say the terms
of the deal are "excessively generous" and reward top-ranking
creditors at their expense.

                       About Sabine Oil & Gas

Sabine Oil & Gas Corp. is an independent energy company engaged in
the acquisition, production, exploration, and development of
onshore oil and natural gas properties in the U.S.  The Company's
current operations are principally located in the Cotton Valley
Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in
South Texas, the Granite Wash in the Texas Panhandle, and the North
Louisiana Haynesville.  The Company operates, or has joint working
interests in, approximately 2,100 oil and gas production sites
(approximately 1,800 operating and approximately 315 non-operating)
and has approximately 165 full-time employees.

Sabine Oil and its affiliated entities sought Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 15-11835) in Manhattan on July 15,
2015.

The Debtors have engaged Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as counsel; Lazard Freres & Co. LLC, as
investment banker, and Prime Clerk LLC as notice, claims and
balloting agent.  The Debtors also tapped Zolfo Cooper Management,
LLC, to provide Jonathan A. Mitchell as CRO and other additional
personnel.

The U.S. Trustee for Region 2 has appointed five creditors to
serve
on the official committee of unsecured creditors.  The Committee
is
represented by Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as their counsel.
The Committee is also hiring Blackstone Advisory Partners L.P. as
investment banker; and Berkeley Research Group, LLC as financial
advisor.


SABLE NATURAL: Unit Files for Bankruptcy After Defaulting on Debt
-----------------------------------------------------------------
Sable Operating Company, a wholly owned subsidiary of Sable Natural
Resources Corporation, filed a petition under Chapter 11 of the
United States Bankruptcy Code on Friday, Aug. 28, 2015, in the
Bankruptcy Court for the Northern District of Texas.  The case has
been assigned to Judge Stacey Jernigan, case number
15-33460-sgj11.
The company attributes the filing to default of $11.325 million
under 13% senior secured notes with a maturity date of October
2017, and receipt of notice on Aug. 6 of acceleration and
foreclosure sale on Sept. 1, 2015, from the holders of the 13%
secured notes.

                        About Sable Natural

Sable Natural Resources Corporation is an energy holding company
with principal operations centralized in its wholly-owned
subsidiary, Sable Operating Company, Inc.  Sable was formerly known
as NYTEX Energy Holdings, Inc. and Sable Operating was formerly
known as NYTEX Petroleum Inc.  Sable Operating is a development
stage exploration and production company engaged in the
acquisition, development, and production of liquids rich natural
gas and oil reserves from low-risk, high rate-of-return wells in
the Fort Worth Basin of Texas.  On Dec. 31, 2014, the Company's
estimated proved reserves were 669.12 MBOE, of which 100% were
proved developed.  The Company's portfolio of proved developed
natural gas and oil reserves is weighted in favor of liquids rich
natural gas, with the Company's proved reserves consisting of 15%
oil, 38% natural gas liquids and 47% natural gas.  Also, on Dec.
31, 2014, the Company's probable reserves were 565 MBOE consisting
of 17% oil, 2% NGL, and 81% natural gas, and the Company's possible
reserves were 1,231 MBOE consisting of 19% oil, 2% NGL, and 79%
natural gas.

Sable Natural reported a net loss of $4.62 million on $912,000 of
total revenues for the year ended Dec. 31, 2014, compared with a
net loss of $2.67 million on $930,000 of total revenues for the
year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $15.5 million in total assets,
$20.5 million in total liabilities, $1.3 million in preferred
stock, series A convertible, and a total stockholders' deficit of
$6.4 million.

Whitley Penn LLP, in Dallas, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company will need additional
working capital to fund operations.  This condition raises
substantial doubt about the Company's ability to continue as a
going concern.


SANTA FE GOLD: Sept. 11 Meeting Set to Form Creditors' Panel
------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on September 11, 2015, at 10:00 a.m. in the
bankruptcy case of Santa Fe Gold Corporation, et al.

The meeting will be held at:

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

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

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

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.



SAPPHIRE ROAD DEVELOPMENT: ITEX to Take Control Under Plan
----------------------------------------------------------
Sapphire Road Development has a plan of reorganization that
contemplates the completion of the development of its real estate
project in Dallas, Texas, and the transfer of 100% of the ownership
to ITEX Group, LLC.  Development will be initiated by ITEX's
investment and/or identification, coordination, and closing of
required funds for the development on the property.  

ITEX will complete development in three phases, with construction
of Phase 1 expected to commence within one year of the effective
date of the Plan.  In Phase 1, ITEX with the assistance of
non-profit Permanent Supportive Housing, will develop, finance, and
construct a new mixed-use PSH development of approximately 175
apartments on a 1.5 acre part of the property.

Under the Plan:

   * Administrative claims (Class 1) will be paid in full within 10
days of the effective date of the Plan.  

   * Priority tax claims (Class 2) will be paid up to the allowed
amount of the claims plus interest at the rate of 4.5% per annum
accrued thereon on a quarterly basis on October 1, January 1, April
1 and July 1 of each year over a period not exceeding six years
after the date of assessment of the claims.  

   * The secured claims of the City of Dallas (Class 3A) and 5-G
Studio (Class 3B) will be treated as fully secured claims in
amounts to be determined by the Bankruptcy Court pursuant to 11
U.S.C. Sec. 506(b) at the confirmation hearing.  Covenants and
obligations under the funded loan agreements with the City of
Dallas will be fully assumed pursuant to Sec. 365(a).  

   * General unsecured claims (Class 4) in the amount of $307,343
will be paid 100% of the allowed claims in full, one-half on the
Effective Date and the other one-half within ninety 90 days
thereafter with interest at prime rate plus 2%.

   * Unsecured advances to the Debtor by Yigal Lelah and/or
affiliates (Class 5) will receive payment of $600,000 with respect
to these unsecured advances. 30% will be paid at the close of
financing of Phase I construction as described herein; 60% will be
paid at the close of financing of Phase II construction; and the
10% balance will be paid at the close of financing of Phase III.
The class is impaired.

   * Equity holder Yigal Lelah (Class 6) will receive no
distribution on account of his equity interests.

A copy of the Disclosure Statement explaining the terms of the Plan
of Reorganization dated Aug. 27, 2015, is available for free at:

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

                  About Sapphire Road Development

Sapphire Road Development, LLC, is a Texas limited liability
company formed on August 1, 2009 for the purpose of managing and
constructing a real estate development project on an approximately
seven acre tract located across from the Regional U.S. Veteran’s
Hospital on Lancaster Road at 4500 S. Lancaster Street in Dallas,
Texas.  The Debtor is a single member domestic limited liability
company currently owned 100% by Yigal H. Lelah.  The Company was
unable to access capital to complete its vision for developing
low-income housing on the Property which resulted in a default with
the City of Dallas as its main secured creditor.

Sapphire Road Development commenced a Chapter 11 bankruptcy case
(Bankr. N.D. Tex. Case No. 15-32376) in Dallas on June 1, 2015.
The Debtor tapped The Wiley Law Group, PLLC, as counsel.


SEARS HOLDINGS: S&P Raises Rating on Sr. Notes to 'B'
-----------------------------------------------------
Standard & Poor's Ratings Services raised its issue-level ratings
on Sears Roebuck Acceptance Corp.'s (SRAC's) senior notes due 2017
to 2043 to 'B' from 'B-' as a result of the recovery rating being
revised to '1' from '2'.  The '1' recovery rating indicates S&P's
expectation for very high recovery in the event of default (90% to
100% range).

S&P also raised the issue-level rating on Sears Holdings Corp.'s 8%
senior notes due 2019 to 'CCC' from 'CCC-' as a result of the
recovery rating being revised to '5' from '6'.  The '5' recovery
rating indicates S&P's expectation for modest recovery in the event
of default, at the high end of the 10% to 30% range.

S&P also removed the ratings from CreditWatch positive, where it
placed them on Aug. 17, 2015.

Sears repurchased $936.2 million of $1.24 billion 6.625%
second-lien notes due October 2018 through a tender offer completed
on Aug. 28, 2015.  Cash from the recent REIT transaction funded the
tender offer.

S&P believes recovery prospects for the company's junior debt will
benefit from the substantial reduction in second-lien debt.

However, recognizing that the company has just used upwards of $936
million of cash to buy back debt, S&P considered the possibility
that Sears may undertake future capital-raising transactions to
bolster liquidity--such as issuing more debt or selling more
stores—as part of S&P's updated recovery analysis. Both
additional debt incurrences and store sales—which effectively
decrease the value of the asset base left to support creditor
recoveries—may dilute recoveries.

That said, S&P thinks the structurally senior SRAC notes are
well-positioned to realize a very high recovery even if Sears were
to replace a fair amount of the cash spent on the tender offer by
issuing new second-lien or other debt or selling stores.

Recoveries for the structurally junior 8% notes, on the other hand,
are quite vulnerable to being diluted by future debt incurrences or
store sales under S&P's analysis.  So, while S&P believes recovery
prospects for the 8% notes have brightened as a result of the
second-lien note repurchase, the extent of the uplift in the
recovery rating is limited at this time.

Only the ratings on the Sears Roebuck Acceptance Corp.'s (SRAC)
senior notes due 2017 to 2043 and the Sears Holdings Corp.'s 8%
senior notes due 2019 were affected by the tender offer for more
senior debt and S&P's subsequent recovery analysis.

RATINGS LIST

Sears Holdings Corp.
Corporate Credit Rating                CCC+/Negative/--

Upgraded; Recovery Ratings Revised
                                         To       From
Sears Roebuck Acceptance Corp.
Sr unsecd notes due 2017-2043           B        B-/Watch Pos
   Recovery rating                       1        2

Sears Holdings Corp.
8% senior notes due 2019                CCC      CCC-/Watch Pos
   Recovery rating                       5H       6



SHERI SPEER: Wells Fargo's Stay Motion Partially Granted
--------------------------------------------------------
Judge Ann M. Nevins of the United States Bankruptcy Court for the
District of Connecticut, Hartford Division, granted in part the
motion for relief from stay filed by Wells Fargo, National
Association, as trustee for Soundview Home Loan Trust 2007-OPT5,
Asset-Backed Certificates, Series 2007-OPT5.

On May 12, 2015, Wells Fargo filed the stay motion as to 12 Ripley
Place, in Norwich, Connecticut.  Speer filed an objection on May
21, 2015.

After several continuances, the court granted the parties a final
continuance of the hearing on the motion to August 12, 2015.  On
August 10, 2015, Speer filed a second "Notice of Unavailability"
informing the court that Speer's treating physicians stated that
she cannot be subjected to an examination, deposition or court
hearings for at least three months, due to her medical condition.
At the hearing on August 12, 2015, Wells Fargo asked the court to
terminate the stay within the next 30 days.

Judge Nevins found that Wells Fargo has provided evidence that it
has a valid lien against the debtor's property and has met its
burden of demonstrating the amount of its claim, that the amount is
secured by a perfected lien against the property, and that Speer
lacks equity therein.  Thus, Judge Nevins granted the motion, in
part, insofar as the automatic stay is modified to permit Wells
Fargo and/or its successors and assigns to exercise its rights, if
any, with respect to the property pursuant to non-bankruptcy law.

Judge Nevins also determined that granting a continuance is
unwarranted because Speer would have little to add to the matter
should the court decide to continue it.

The case is Wells Fargo, National Association, as Trustee for
Soundview Home Loan Trust 2007-OPT5, Asset-Backed Certificates,
Series 2007-OPT5, Movant v. Sheri Speer, and Thomas C. Boscarino,
Trustee, Respondents, CASE NO. 14-21007 (AMN) (Bankr. D. Conn.),
relating to In re: Sheri Speer, Chapter 7, Debtor.

A full-text copy of the August 11, 2015 opinion is available at
http://is.gd/DrrxFQfrom Leagle.com.


SIGNAL INTERNATIONAL: Has Court's Permission to Auction Assets
--------------------------------------------------------------
Marinelog.com reports that the U.S. Bankruptcy Court for the
District of Delaware has authorized Signal International to auction
its assets.

Marinelog.com relates that the Teachers' Retirement System of
Alabama and the Employees' Retirement System of Alabama will be the
"stalking horse bidder", and will be entitled to a $1 million break
up fee from the cash proportion of the prevailing bid, in the event
that the assets are sold to other bidders.

According to Marinelog.com, an auction will be held on Oct. 14,
2015, if a qualified bidder other than the stalking horse bidder
emerges prior to the Oct. 13, 2015 bid deadline.  The report states
that a final hearing to approve the sale of the assets to the
prevailing purchaser will be held on Nov. 24, 2015.

                    About Signal International

Signal International Inc. -- http://www.signalint.com/-- primarily
engages in the business of offshore drilling rig overhaul, repair,
upgrade, and conversion, as well as new shipbuilding construction.
Additionally, Signal provides services to the general marine and
heavy fabrication markets for barges, power plants, and modular
construction.  

Signal International, LLC, was organized on Dec. 6, 2002, as a
limited liability company after acquiring the assets of the
Offshore Division of Friede Goldman Halter from bankruptcy.  SI
Inc. was incorporated on Oct. 12, 2007, and began operations with
offshore fabrication and repair in Mississippi.  Today, Signal's
corporate headquarters are in Mobile, Alabama, with operations in
Alabama and Mississippi, and a sales office in Texas.

On Oct. 3, 2014, Signal International Texas, L.P., sold
substantially all of its assets to Westport Orange Shipyard, LLC,
in a partially seller-financed transaction for a total purchase
price of $35,900,000.  As part of the transaction, Westport
provided a down payment of $7,000,000 and delivered a promissory
note in the principal amount of $28,900,000 to SI Texas due on or
before Oct. 3, 2019.

On July 12, 2015, SI Inc. and its direct and indirect wholly owned
subsidiaries, including SI LLC, commenced cases under chapter 11 of
title 11 of the United States Code (Bankr. D. Del. Lead Case No.
15-11498).

The Debtors tapped Young Conaway Stargatt & Taylor LLP as
bankruptcy counsel, Hogan Lovells US LLP as general corporate
counsel, GGG Partners, LLC, as financial and restructuring
advisors, and Kurtzman Carson Consultants LLC as claims and
noticing agent.

Signal International Inc. listed in its schedules $21,455,778 in
total assets and $90,637,746 in total liabilities.

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


SOLAR POWER: Inks Pact to Subscribe for 60% of Equity in Yiwei
--------------------------------------------------------------
Meitai Investment (Suzhou) Co., Ltd., a wholly-owned subsidiary of
Solar Power, Inc., Beijing Dingding Yiwei New Energy Technology
Development Co., Ltd., and shareholders of Yiwei, entered into a
capital increase and share subscription agreement, pursuant to
which Meitai Investment agreed to subscribe for 60% of equity
interest in Yiwei at a consideration of RMB30 million, subject to
customary closing conditions and other terms and conditions set
forth in the Agreement.

                        About Solar Power

Roseville, Cal.-based Solar Power, Inc., is a global solar
energy facility developer offering its own brand of high-
quality, low-cost distributed generation and utility-scale SEF
development services.  Primarily, the Company works directly with
and for developers around the world who hold large portfolios of
SEF projects for whom it serves as an engineering, procurement and
construction contractor.  The Company also performs as an
independent, turnkey SEF developer for one-off distributed
generation and utility-scale SEFs.

Solar Power reported a net loss of $5.19 million in 2014, a net
loss of $32.2 million in 2013 and a net loss of $25.4 million in
2012.

As of June 30, 2015, the Company had $731.2 million in total
assets, $420.3 million in total liabilities and $310.8 million in
total equity.


SPECTRUM ANALYTICAL: Bank Seeks $4.25 Mil. for Admin. Expenses
--------------------------------------------------------------
Bank Rhode Island asks the U.S. Bankruptcy Court for the District
of Massachusetts, Western Division, to authorize and direct the
distribution to the Bank at closing of $4,250,000 of the sale
proceeds from the Trustee's sale of the acquired assets, or such
other amount that the Trustee reasonably needs in order to pay for
the administrative expenses which are attributed to the
preservation or sale of the Bank's collateral.

The Bank is the prepetition secured lender of Debtor Spectrum
Analytical, Inc., with an allowed prepetition claim of
$9,116,586.68, plus legal fees, costs, and expenses. The Bank is
the first perfected secured party with respect to the acquired
assets except as to Debtors' motor vehicles, as to which the
Trustee and the Bank have agreed to, and the Court has ordered, the
set aside of $150,000 of the sale proceeds.

Gardner H. Palmer, Jr., Esq., At DiOrio Law Office, at Providence,
Rhode Island, tells the Court that apart from the motor vehicle set
aside, and the amount the Trustee reasonably needs to administer
the estates, no other party is entitled to the sale proceeds, and
that except for the motor vehicle set aside and the three deposit
accounts referenced in the Final Cash Collateral Order, the Bank
reserves its rights to assert that any additional funds the Trustee
subsequently recovers are the Bank's collateral, and are subject to
distribution to the Bank.  Mr. Palmer further tells the Court that
the Bank specifically reserves its right to contest whether any
estate administration expense has benefited the Bank and is
chargeable to the Bank's collateral under 11 U.S.C. Section
506(c).

The hearing on the Bank's motion is continued to Sept. 9, 2015 at
11:30 a.m.

Bank Rhode Island is represented by:

          Joseph M. DiOrio, Esq.
          Gardner H. Palmer, Jr., Esq.
          DIORIO LAW OFFICE
          144 Westminster Street, Suite 302
          Providence, RI 02903
          Telephone: (401)632-0911
          Facsimile: (401)632-0751
          E-mail: jmdiorio@dioriolaw.com
                  ghpalmer@dioriolaw.com

                     About Spectrum Analytical

Spectrum Analytical Inc. provides testing and analytical data for
environmental interests.  Hanibal Technology LLC serves as
Spectrum's exclusive international marketing and sales agent, and
focuses on education, research, and development in environmental
technology.  Spectrum maintains offices in Agawam, Massachusetts,
Tampa, Florida, North Kingstown, Rhode Island, and Syracuse, New
York.

Spectrum Analytical and Hanibal Technology commenced Chapter 11
bankruptcy cases (Bankr. D. Mass. Case Nos. 15-30404 and 15-30405)
on April 30, 2015, to retake management of their business and
assets from the receiver installed by their lender.  Hanibal
Tayeh,
the sole member, signed the bankruptcy petitions.

Spectrum disclosed $8,658,751 in assets and $1,987,714 in
liabilities as of the Chapter 11 filing.  Hanibal estimated less
than $10 million in assets and debt.

Bacon Wilson, P.C., serves as the Debtors' counsel.

Steven Weiss, the Chapter 11 trustee tapped Seth Schalow as
restructuring consultant for the estate.  TechKnowledgey Strategic
Group, serves as his business broker, and Shatz Schwartz and
Fentin. P.C., as his counsel.



STELLAR BIOTECHNOLOGIES: Reverse Stock Split Effective Sept. 2
--------------------------------------------------------------
Stellar Biotechnologies, Inc., announced that, effective Sept. 2,
2015, the Company has consolidated its issued and outstanding
common shares on the basis of one post-consolidated common Share
for every 10 pre-consolidated Shares.

The Reverse Split was approved by the Company's Board of Directors
in accordance with the Company's Articles, and has received the
approval of the Financial Industry Regulatory Authority and the TSX
Venture Exchange.

"This reverse stock split represents a positive milestone for
Stellar Biotechnologies since it will support the requirements of
uplisting to the NASDAQ Capital Market," said Frank Oakes,
president, chief executive officer and chairman of Stellar
Biotechnologies, Inc.  "We believe Stellar is entering an exciting
growth phase, such as our recently announced plans to expand KLH
operations in anticipation of new immunotherapy opportunities. The
NASDAQ uplisting is intended to advance these growth strategies by
attracting a broader, more diverse shareholder base and new
visibility for Stellar to institutional investors."  There can,
however, be no assurance that the Company's application to NASDAQ
for the listing of the common shares will be approved in the near
future or at all.

In accordance with FINRA's procedures for reverse stock splits,
Stellar's stock symbol on the OTCQB Marketplace will be "SBOTD"
(with a "D" replacing the "F") for a period of 20 business days,
after which time, the symbol will revert back to "SBOTF."  Assuming
the Company's listing application to NASDAQ is approved, the
Company's stock symbol will become "SBOT."  The Company's stock
symbol on the TSX Venture Exchange will remain unchanged. The new
CUSIP number for the Shares will be 85855A203 and the new ISIN
number will be CA85855A2039.

The Reverse Split will not affect any shareholder's ownership
percentage of the Company's common shares without par value, except
to the limited extent that the Reverse Split would result in any
fractional shares.  No fractional shares will be issued under the
Reverse Split and any fraction will be rounded to the nearest whole
share.

The Reverse Split will reduce the number of shares of the Company's
issued and outstanding common shares from 79,847,550 to
approximately 7,984,755.  Proportional adjustments will be made to
the Company's outstanding options, warrants, and other convertible
securities that are outstanding immediately prior to the Reverse
Split, in accordance with the terms of the plans, agreements, or
arrangements governing those options, warrants, and other
convertible securities.  The Company's authorized shares will
remain unchanged.

Registered shareholders holding shares through a brokerage account
will have their shares automatically adjusted to reflect the
post-consolidated Shares.  Registered shareholders holding physical
common share certificates will receive a letter of transmittal from
the Company's transfer agent, Computershare Investor Services Inc.,
with specific instructions regarding the exchange of their
certificates.

                           About Stellar

Port Hueneme, Cal.-based Stellar Biotechnologies, Inc.'s
business is to commercially produce and market Keyhole Limpet
Hemocyanin ("KLH") as well as to develop new technology related to
culture and production of KLH and subunit KLH ("suKLH")
formulations.  The Company markets KLH and suKLH formulations to
customers in the United States and Europe.

KLH is used extensively as a carrier protein in the production of
antibodies for research, biotechnology and therapeutic
applications.

Stellar Biotechnologies reported a net loss of $8.43 million for
the year ended Aug. 31, 2014, a net loss of $14.5 million for the
year ended Aug. 31, 2013, and a net loss of $5.52 million for the
year ended Aug. 31, 2012.

As of June 30, 2015, the Company had $11.2 million in total assets,
$1.7 million in total liabilities and $9.4 million in total
shareholders' equity.


STEREOTAXIS INC: Commences Warrants Offering
--------------------------------------------
Stereotaxis, Inc., will conduct a registered  warrants offering of
transferable subscription warrants to holders of record of the
Company's common stock and of certain of the Company's warrants to
purchase an aggregate of up to 5,755,775 shares of the Company's
common stock, par value $0.001 per share.

The Company has declared the record date for determination of
stockholders eligible to participate as Sept. 9, 2015, at 5:00 p.m.
Eastern Time.  At such time, each holder will be issued, at no
charge, one subscription warrant for every four common shares held,
which will entitle the holder to purchase one share of common stock
at a price of $1.10 per share.

"We believe this warrants offering provides a compelling
opportunity for our existing shareholders to acquire Stereotaxis
stock at a discounted price, while allowing us to form new equity
capital in support of our strategic goals in the least dilutive
manner," said William C. Mills, Stereotaxis chief executive
officer.  "By strengthening our balance sheet at this time, we are
more favorably positioning Stereotaxis to take advantage of our
growth opportunities in the global electrophysiology marketplace,
and to deliver state-of-the-art solutions in support of improved
patient care."

The subscription warrants will be exercisable until 5:00 p.m.
Eastern Time on Sept. 30, 2015.  Stereotaxis may, subject to
certain limitations, extend the warrants offering, but does not
currently intend to do so.

The warrants will be listed on the NASDAQ Capital Market under the
symbol "STXSW", commencing on or about Sept. 14, 2015, and
continuing through the expiration date of the warrants offering. In
addition to being able to purchase their pro rata portion of the
shares offered, based on their ownership as of the record date of
the warrants offering, Stereotaxis stockholders who exercise all of
their warrants may subscribe to purchase additional common shares
pursuant to an over-subscription privilege, subject to certain
limitations and subject to allotment, as described in a prospectus
supplement filed with the SEC on Sept. 4, 2015.  No fractional
subscription warrants will be distributed and no fractional shares
will be issued pursuant to the warrants offering.  Any fractional
warrants issuable pursuant to the warrants offering resulting from
the number of shares owned as of the record date or fractional
shares issuable pursuant to the over-subscription resulting from
prorations or other limitations will be eliminated by rounding down
to the nearest whole warrant or whole share.

The ex-warrants date for the warrants offering is pending and will
be announced once it is established by NASDAQ.  The ex-warrants
date is the date on which Stereotaxis' common stock will begin to
trade without the subscription warrants and the warrants will trade
separately from the common stock.  As a result, shareholders who
sell their shares prior to the ex-warrants date will also be
selling their subscription warrants.

Questions about the warrants offering or requests for additional
copies of the prospectus may be directed to the warrants agent,
Broadridge Corporate Issuer Solutions, Inc., at (855) 300-4994.

                         About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $5.20 million in 2014, a net
loss of $68.8 million in 2013 and a net loss of $9.23 million in
2012.

As of June 30, 2015, the Company had $19.9 million in total assets,
$35.8 million in total liabilities and a $15.8 million total
stockholders' deficit.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has incurred recurring
operating losses and has a net capital deficiency.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


SUZETTE WOODWARD: 8th Cir. Reverses Plan Confirmation Order
-----------------------------------------------------------
The United States Court of Appeals for the Eighth Circuit reversed
the order confirming Suzette Woodward's Fifth Amended Chapter 11
Plan and remanded the case for a new confirmation hearing.

A year after Woodward filed for relief under Chapter 7 of the
bankruptcy code, she acquired property as her principal residence
from Leland and Marie Elliott.  She signed a promissory note in
favor of the Elliotts for $169,900 and granted the Elliotts
security interest in the property.

When the case was converted to a proceeding under Chapter 11, the
Elliotts filed a proof of claim asserting secured status with
respect to Woodward's principal residence.  Heritage Bank, which
holds an allowed, unsecured claim for $270,566.00, objected to the
Elliotts' proof of claim, but the bankruptcy overruled the
objection and allowed the claim.  Heritage continued to object to
the Elliott's voting on the plan as an impaired class, on the
ground that the claim was a postpetition claim.

At plan confirmation, the bankruptcy court essentially held that
the Elliotts had an allowed claim, that the plan altered the
treatment of their claim, and thus, that the Elliotts were an
impaired class entitled to vote on the plan.  The Elliotts voted in
favor of the plan.  No other impaired classes voted to accept the
plan.

On appeal, Heritage argued that the plan should not have been
confirmed because: (1) an impaired class did not accept it; (2) it
violated the absolute priority rule; and (3) it does not call for
payment of all of the debtor's disposable income.

The Eighth Circuit did not believe that the bankruptcy court erred
in permitting the Elliotts' ratifying vote to serve as the sole
basis for the satisfaction of section 1129(a)(10)'s requirement
that an impaired class of claim holders vote in favor of the plan.
The appellate court concluded that as holders of an allowed claim
and sole members of their impaired class, the Elliotts' ratifying
vote satisfied section 1129(a)(10).

However, the Eighth Circuit held that the absolute priority rule
still has application in individual Chapter 11 cases to prevent
debtors from retaining prepetition property, and as such, remanded
the case for a new confirmation hearing.

The appellate court found it unnecessary to address the bankruptcy
court's determination of the debtor's disposable income.

The case is Heritage Bank, Creditor-Appellant, v. Suzette Woodward,
Debtor-Appellee. National Association of Consumer Bankruptcy
Attorneys, Amicus on Behalf of Appellee(s), NO. 15-6001 (8th Cir.),
relating to In re: Suzette Woodward, Debtor.

A full-text copy of the Eighth Circuit's August 13, 2015 opinion is
available at http://is.gd/UTNoi4from Leagle.com.


TABERNACLE CHURCH OF BOSTON: Can't Avoid VFC Mortgage
-----------------------------------------------------
Judge Joan N. Feeney of the United States Bankruptcy Court for the
District of Massachusetts granted VFC Partners 18 LLC's
Cross-Motion for Summary Judgment, holding that the notary's
certificate of acknowledgement annexed to a mortgage that was
executed by an officer of Debtor Greater Love Tabernacle Church of
Boston, Massachusetts, was not defective under Massachusetts law,
and could not be avoided by the Debtor pursuant to Section 544 of
the Bankruptcy Code.

The Debtor sought to avoid a mortgage held by VFC, as assignee, on
real property owned by GLTC located at 95 and 101 Nightingale
Street, in Dorchester, Massachusetts.

GLTC contends that the certificate of acknowledgement attached to
the mortgage did not comply with Massachusetts law, such that it
did not provide sufficient constructive notice of the mortgage to
the Debtor as estate representative. GLTC asserts that since the
certificate of acknowledgement is defective, the mortgage can be
avoided. GLTC relates that the Certificate is fatally defective
because it “fails to certify unambiguously” that GLTC, as a
corporate entity, properly acknowledged the mortgage. GLTC
maintains that the Certificate's ambiguous reference to "any entity
named" and its failure to indicate Pastor Dickerson's
representative capacity, leaves the Certificate "far short of the
requirement of showing that Pastor Dickerson made the requisite
acknowledgement to the notary that the Debtor's execution of the
Mortgage was the free act and deed of the Debtor." GLTC argues that
"any entity named," could be construed to refer to any number of
unspecified entities, including Citizens Bank, Pastor Dickerson,
individually, the notary, or even the Commonwealth of
Massachusetts.

VFC asserts that the Certificate is not defective and that it fully
satisfies the requirements of Massachusetts law. As a result, it
maintains, the recorded Mortgage provides constructive notice to
bona fide purchasers, including the Debtor acting as estate
representative.

According to VFC, when the Certificate is read in context with the
Mortgage on which it appears, and not in a vacuum, there is no
ambiguity concerning whether Pastor Dickerson executed the Mortgage
in his capacity as an officer of the Debtor. VFC cites the
following reasons to support its argument:

     (1) the signature block on the Mortgage identifies GLTC as the
Mortgagor;

     (2) the signature block identifies Pastor Dickerson in his
capacity as President of GLTC;

     (3) the Certificate located immediately below the signature
block identifies Pastor Dickerson and;

     (4) the notary attested that the granting of the Mortgage was
Pastor Dickerson's "free act and deed and that of any entity
named."

The adversary case is GREATER LOVE TABERNACLE CHURCH OF BOSTON,
MASSACHUSETTS, Plaintiff, v. VFC PARTNERS 18 LLC, Defendant, ADV.
P. No. 15-1031 (Bankr. D. Mass.).

The bankruptcy case is In re: GREATER LOVE TABERNACLE CHURCH OF
BOSTON, MASSACHUSETTS, Chapter 11, Debtor, Case No. 13-17099-JNF
(Bankr. D. Mass.).

A full-text copy of Judge Feeney's Memorandum dated August 21,
2015, is available at http://is.gd/cDtfPUfrom Leagle.com.

Greater Love Tabernacle Church of Boston is represented by:

          Michael J. Goldberg, Esq.
          A. Davis Whitesell, Esq.
          CASNER & EDWARDS, LLP
          303 Congress Street
          Boston, MA 02210
          Telephone: (617)426-5900
          Facsimile: (617)426-8810
          Email: goldberg@casneredwards.com
                 whitesell@casneredwards.com

VFC Partners 18 LLC is represented by:
         
          Christine E. Devine, Esq.
          Kate P. Foley, Esq.
          MIRICK, O'CONNELL, DEMALLIE & LOUGEE, LLP
          2 Center Plaza, Suite 605          
          Boston, MA 02108-1909
          Telephone: (508)860-1480
          Facsimile: (508)983-6245
          Email: cdevine@mirickoconnell.com
                 kfoley@mirickoconnell.com

Dorchester, Massachusetts-based Greater Love Tabernacle Church of
Boston, Massachusetts, sought protection under Chapter 11 of the
Bankruptcy Code on Dec. 10, 2013 (Case No. 13-17099, Bankr. D.
Mass.).  The case is assigned to Judge Joan N. Feeney.  The
Debtor's counsel is Michael J. Goldberg, Esq., at Casner & Edwards,
LLP, in Boston, Massachusetts.


TPC GROUP: S&P Lowers Corp. Credit Rating to 'B-', Outlook Stable
-----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Texas-based TPC Group Inc. to 'B-' from 'B'.  The outlook
is stable.

At the same time, S&P lowered its issue-level rating on the
company's first-lien secured debt to 'B-' from 'B'.  S&P also
revised its recovery rating on the company to '4' from '3,'
indicating its expectation of average (higher half of the 30%-50%
range) recovery in the event of payment default.

"The stable outlook reflects our expectation that company will
maintain credit measures at levels we consider appropriate for the
current rating, including debt to EBITDA of above 7x and FFO to
debt approaching 10%," said Standard & Poor's Allison Czerepak. "We
also expect the company to maintain 'adequate' liquidity despite
challenging market conditions and rebounding from periods of
heightened capex," she added.

TPC has faced pricing pressures, and a compression of margins
related in part to volatility in gas prices, which have resulted in
higher-than-anticipated debt leverage.  S&P based the ratings on
its assessment of TPC's financial risk as "highly leveraged" and
its business risk profile as "weak," as defined in S&P's criteria.
S&P considers TPC's liquidity to be "adequate," and expect cash
sources to exceed cash uses by at least 1.2x over the next year.

S&P could further lower the ratings if TPC's liquidity position
deteriorates meaningfully below S&P's expectations as a result of
higher-than-expected working capital outflows, capital spending
requirements, or a significant drop in the borrowing base of the
company's ABL facility.  S&P could also consider a modest downgrade
if earnings and cash flows decline unexpectedly because of weaker
demand for butadiene or volatile gas prices.

S&P could consider a one-notch upgrade if earnings and cash flows
were meaningfully stronger than its expectations, allowing the
company to maintain debt to EBITDA of about 6x. To consider a
higher rating, S&P would also need greater clarity that the company
will be able to pursue its growth initiatives without straining its
financial profile.



U.S. COAL: Ch. 11 Professionals' Final Fee Applications Approved
----------------------------------------------------------------
Judge Tracey N. Wise of the United States Bankruptcy Court for the
Eastern District of Kentucky, Ashland, London and Lexington
Divisions, approved the final fee applications of the Chapter 11
Professionals of Licking River Mining, LLC, and its debtor
affiliates.

Judge Wise also granted the Chapter 7 Trustee's Turnover Motion and
ordered DelCotto Law Group, the Debtors' former counsel, to
turnover the $2,000,000 it holds in escrow on behalf of the Debtors
pursuant to a settlement agreement with South Carolina Electric &
Gas Company.

                SCANA Funds

The Licking River Lenders objected to the Chapter 7 Trustee's
Turnover Motion, asserting that the SCANA Funds are subject to the
Lenders' prepetition liens and the Chapter 7 Trustee has no basis
for holding the SCANA Funds. The Lenders further assert that
although the SCANA Funds constitute a portion of their prepetition
collateral, the Court may not order payment of any allowed fees
from the Lenders' prepetition collateral because of the pending
appeal.

Judge Wise ruled that the SCANA Funds are property of the estates
and that they are a post-petition settlement of Debtors' dispute
with its customer over the attempted termination of a prepetition
contract. She further ruled that the funds are of a type that the
Chapter 7 Trustee can use pursuant to Section 363 and "turnover is
required even before a determination is made on adequate
protection."

             Final Fee Applications

The Lenders also opposed payment of the unpaid balances of the
allowed fees from their prepetition collateral. They contend that
their pending appeal of the Procedural Objection Order divests the
Court of jurisdiction to order such payment.

After reviewing the final fee applications of the Chapter 11
Professionals and the Tendered Fee Orders, Judge Wise found that
the agreed to fees and expenses set forth in the Tendered Fee
Orders constitute reasonable compensation for actual, necessary
services rendered, and reimbursement for actual and necessary
expenses incurred, by each professional.

Judge Wise held that the Court is in no way expanding or amending
any portion of the Procedural Objection Order. She states that the
only issue adjudicated by the Procedural Objection Order is whether
the Lenders' prepetition collateral is subject to the carve-out for
professional fees. She concluded that it is, but stated that that
conclusion goes to but one aspect of the final fee applications.
Judge Wise notes that in considering the relief now sought,
allowance and payment of fee/expense amounts from the Lenders'
collateral, the Court merely implements and enforces the order. She
adds that no modification or alteration of the Procedural Objection
Order will result from an order authorizing the payment of Allowed
Carve-Out Fees. She concludes that the  Court has jurisdiction to
allow the Chapter 11 Professionals' final compensation and order
payment of the unpaid balances from the Lenders' collateral.

The case is IN RE LICKING RIVER MINING, LLC, et al., Chapter 7,
Debtors, case no. 14-10201.

A full-text copy of Judge Wise's Memorandum Opinion and Order
allowing Chapter 11 Professionals' Final Compensation and Payment
From Lenders' Collateral is available at http://is.gd/cnKNLvfrom
Leagle.com.
                         
                      About U.S. Coal

On May 22, 2014, an involuntary Chapter 11 petition was filed
against Licking River Mining, LLC, before the United States
Bankruptcy Court for the Eastern District of Kentucky.  On May 23,
2014, an involuntary Chapter 11 petition was filed against Licking
River Resources, Inc. and Fox Knob Coal., Inc.  On June 3, 2014,
an
involuntary Chapter 11 petition was filed against S.M. & J., Inc.

On June 4, 2014, an involuntary Chapter 11 petition was filed
against J.A.D. Coal Company, Inc.  On June 12, 2014, the Court
entered an order for relief in each of the bankruptcy cases.

On June 10, 2014, an involuntary Chapter 11 petition was filed
against U.S. Coal Corporation.  On June 27, 2014, the Court
entered
an order for relief in U.S. Coal's bankruptcy case.

On Nov. 4, 2014, Harlan County Mining, LLC, Oak Hill Coal, Inc.,
Sandlick Coal Company, LLC, and U.S. Coal Marketing, LLC, filed
petitions in the United States Bankruptcy Court for the Eastern
District of Kentucky seeking relief under chapter 11 of the United
States Bankruptcy Code.  The Debtors' cases have been assigned to
Chief Judge Tracey N. Wise.  The Debtors are seeking to have their
cases jointly administered for procedural purposes, meaning that
upon entry of such an order all pleadings will be maintained on
the
case docket for Licking River Mining, LLC, Case No. 14-10201.

U.S. Coal produces and sells thermal coal purchased primarily by
utilities and trading companies and specialty coal purchased by
various industrial customers and trading companies (known as
"stoker" coal).  U.S. Coal operates through two divisions: (1) the
Licking River Division that was formed through the acquisition of
LR Mining, LRR, and S.M. & J., and Oak Hill Coal, Inc. in January
2007 for $33 million, and (2) the J.A.D. Division that was formed
through the acquisition of JAD and Fox Knob, and Sandlick Coal
Company, LLC and Harlan County Mining, LLC in April 2008 for $41
million.  Both the LRR Division and the JAD Division are located
in
the Central Appalachia region of eastern Kentucky. The LRR
Division
has approximately 26.3 million tons of surface reserves under
lease.  The JAD Division has 24.4 million tons of surface
reserves,
both leased and owned real property.  At present, U.S. Coal has
three surface mines in operation between the LRR Division and JAD
Division.

The Official Committee of Unsecured Creditors has tapped Barber
Law
PLLC and Foley & Lardner as attorneys.

The Debtors are represented by Amelia Martin Adams, Esq., and
Laura
Day DelCotto, Esq. of Delcotto Law Group PLLC; and Dennis J.
Drebsky, Esq., and Christopher M. Desiderio, Esq., of Nixon
Peabody
LLP.


UNI-PIXEL INC: Issues 1.8 Million Common Shares to Hudson Bay
-------------------------------------------------------------
Hudson Bay Master Fund Ltd. exercised its right to accelerate the
payment of $700,000 of principal pursuant to the terms of that
certain Senior Secured Convertible Note issued by Uni-Pixel, Inc.
to Hudson Bay on April 16, 2015.

On Sept. 1, 2015, the Company issued a total of 1,854,243 shares of
its common stock, $0.001 par value, to Hudson Bay in payment of the
accelerated principal and for the payment of the installment due on
Sept. 1, 2015, in the amount of $750,000 in principal and $26,718
in interest.  The Company relied on Section 4(a)(2) of the
Securities Act of 1933 to issue the unregistered shares of common
stock, inasmuch as Hudson Bay is an accredited investor and there
was no form of general solicitation or general advertising in the
offer and sale of the securities.

                        About Uni-Pixel Inc.

The Woodlands, Tex.-based Uni-Pixel, Inc. (OTC BB: UNXL)
-- http://www.unipixel.com/-- is a production stage company       

delivering its Clearly Superior(TM) Performance Engineered Films
to the Lighting & Display, Solar and Flexible Electronics market
segments.

Uni-Pixel incurred a net loss of $25.7 million in 2014, a net loss
of $15.2 million in 2013 and a net loss of $9.01 million in 2012.

As of June 30, 2015, the Company had $33.3 million in total assets,
$13.5 million in total liabilities and $19.7 million in total
shareholders' equity.


UNIVERSAL COOPERATIVES: Authorized to Wind Up UCI Brazil Assets
---------------------------------------------------------------
Universal Cooperatives, Inc., et al., sought and obtained authority
from the United States Bankruptcy Court for the District of
Delaware to take certain actions necessary to effectuate the wind
up and recovery of assets owned by UCI do Brasil Industria E
Comercio Ltda.

The Court authorized the Debtor to take all actions to satisfy
obligations with respect to the winding up of UCI Brazil in order
to maximize potential recoveries for the Debtors' estates;
provided, however, that the total monetary expenditures to be made
by the Debtors do not exceed $120,000 and the Debtors' rights to
seek increase the Monetary Cap is reserved.  The proposed monetary
cap has been reviewed by the Official Committee of Unsecured
Creditors and the Committee's counsel has advised the Debtors that
it consents to entry of the Revised Order.

The Debtors are represented by:

          Robert S. Brady, Esq.
          Andrew L. Magaziner, Esq.
          Travis G. Buchanan, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP  
          Rodney Square 1000 North King Street
          Wilmington, Delaware 19801
          Tel: (302) 571-6600
          Fax: (302) 571-1253
          Email: rbrady@ycst.com
                 amagaziner@ycst.com
                 tbuchanan@ycst.com

             -- and --

          Mark L. Prager, Esq.
          Michael J. Small, Esq.
          Emil P. Khatchatourian, Esq.
          FOLEY & LARDNER LLP
          321 North Clark Street, Suite 2800
          Chicago, IL 60654-5313
          Tel: (312) 832-4500
          Fax: (312) 832-4700
          Email: mprager@foley.com
                 msmall@foley.com
                 ekhatchatourian@foley.com

              About Universal Cooperatives

As an inter-regional farm supply cooperative, Universal
Cooperatives, Inc. consolidates the purchasing power of its members
to procure, and/or manufacture, and distribute high quality
products at competitive prices. Universal has 14 voting members and
over 50 associate members.  

Eagan, Minnesota-based Universal Cooperatives and its affiliates
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
14-11187) on May 11, 2014.  The debtor-affiliates are Heritage
Trading Company, LLC; Bridon Cordage LLC; Universal Crop Protection
Alliance, LLC; Agrilon International, LLC; and zavalon, Inc.  UCI
do Brasil, a majority-owned subsidiary located in Brazil, is not a
debtor in the Chapter 11 cases.  

The cases are assigned to Judge Mary F. Walrath.

Universal Cooperatives disclosed $12.09 million in assets and $29.3
million in liabilities as of the Chapter 11 filing.  

The Debtors have tapped Travis G. Buchanan, Esq., Robert S.
Brady, Esq., Andrew L. Magaziner, Esq., and Travis G. Buchanan,
Esq., at Young Conaway Stargatt & Taylor, LLP; and Mark L. Prager,
Esq., Michael J. Small, Esq., and Emil P. Khatchatourian, Esq., at
Foley  & Lardner LLP, as counsel; The Keystone Group, as financial
advisor and Prime Clerk as notice and claims agent.  

Bank of America, N.A., as agent for the DIP Lenders, is represented
by Daniel J. McGuire, Edward Kosmowski, Esq., and Gregory M.
Gartland, Esq., at Winston & Strawn, LLP.  

The United States Trustee for Region 3 appointed seven members
to the Official Committee of Unsecured Creditors, which is
represented by Sharon Levine, Esq., Bruce S. Nathan, Esq., and
Timothy R. Wheeler, Esq., at Lowenstein Sandler LLP, in Roseland,
New Jersey; and Jamie L. Edmonson, Esq., and Daniel A. O'Brien,
Esq., at  Venable LLP, in Wilmington, Delaware.


VIGGLE INC: Borrows Additional $2-Mil. From Sillerman Investment
----------------------------------------------------------------
As previously disclosed by the Company in a Form 8-K filed on
June 12, 2015, Sillerman Investment Company IV, LLC., an affiliate
of Robert F.X. Sillerman, the Company's executive chairman and
chief executive officer, agreed to provide a Line of Credit to the
Company of up to $10,000,000.  On Aug. 31, 2015, the Company
borrowed an additional $2,000,000 under the Line of Credit.  

                            About Viggle

New York City-based Viggle Inc. is a loyalty marketing company.
The Company has developed a loyalty program for television that
gives people real rewards for checking into the television shows
they are watching on most mobile operating system.  Viggle users
can redeem their points in the app's rewards catalog for items
such as movie tickets, music, or gift cards.

Viggle reported a net loss of $68.4 million on $18 million of
revenues for the year ended June 30, 2014, compared with a net
loss of $91.4 million on $13.9 million of revenues for the year
ended June 30, 2013.

The Company's balance sheet at March 31, 2015, showed $70.9 million
in total assets, $54.6 million in total liabilities, $11.4 million
in series C convertible redeemable preferred stock, and
stockholders' equity of $4.88 million.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
June 30, 2014.  The independent auditors noted that the Company
has suffered recurring losses from operations and at June 30,
2014, has a deficiency in working capital that raises substantial
doubt about its ability to continue as a going concern.


VYCOR MEDICAL: Files Post-Effective Amendment to Form S-1
---------------------------------------------------------
Vycor Medical, Inc., filed a registration statement on May 28,
2014, on Form S-1, which was declared effective June 10, 2014, for
the purpose of registering 2,776,052 shares of common stock par
value $0.0001, 1,995,601 shares of common stock underlying Series A
warrants, and 1,995,601 shares of common stock underlying Series B
warrants, offered for sale by selling shareholders under the
Securities Act of 1933.

Thereafter, the Company filed Post-Effective Amendment No. 1 to the
Original Registration Statement on Form S-1 which contained an
updated prospectus relating to the offering and sale of shares of
common stock underlying Series A and B warrants declared effective
by the Securities and Exchange Commission on June 10, 2014.  The
registration of the 2,776,052 shares of common stock included in
the Original Registration Statement was terminated as those shares
are now all eligible for an exemption from registration under Rule
144 promulgated under the Securities Act of 1933, as amended.  The
Post-Effective Amendment No. 1 on Form S-1 was filed to 1) extend
our offering date until July 31, 2016, and 2) include the audited
financial statements for the year ended Dec. 31, 2014, and
unaudited financial statements for the interim period ended
March 31, 2015.

On Sept. 4, 2015, the Company filed a Post-Effective Amendment
No. 2 to update the financial statements to include the Company's
financial statements for the period ended June 30, 2015.  The
Post-Effective Amendment No. 2 also extended its offering date
until Oct. 31, 2016.

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

                        http://is.gd/XVQHDD

                        About Vycor Medical

Boca Raton, Fla.-based Vycor Medical, Inc. (OTC BB: VYCO)
-- http://www.VycorMedical.com/-- is a medical device company
committed to making neurological brain, spinal and other surgical
procedures safer and more effective.  The Company's flagship,
Patent Pending ViewSite(TM) Surgical Access Systems represent an
exciting new minimally invasive access and retraction system that
holds the potential for speedier, safer and more economical brain,
spinal and other surgeries and a quicker patient discharge.
Vycor's innovative medical instruments are designed to optimize
neurosurgical site access, reduce patient risk, accelerate
recovery, and add tangible value to the professional medical
community.

As of June 30, 2015, the Company had $2.75 million in total assets,
$791,597 in total liabilities, all current and $1.93 million in
total stockholders' equity.

Vycor reported a net loss of $4.04 million in 2014, a net loss of
$2.44 million in 2013 and a net loss of $2.93 million in 2012.


WATSONVILLE RDA SUCCESSOR: Moody's Ups TABs Rating From 'Ba1'
-------------------------------------------------------------
Moody's Investors Service has upgraded to Baa1 from Ba1 the
Successor Agency to the Watsonville Redevelopment Agency's (RDA)
Tax Allocation Bonds.

"On June 24, 2015, in connection with the release of our Tax
Increment Debt methodology, we placed the ratings for nearly all
California tax allocation bonds (TABs) on review for upgrade,
including this successor agency's (SA) TABs. This rating action
completes our review for this SA," Moody's said.

Three years post-dissolution, the administrative risks related to
the payment of debt service have significantly lessened, so Moody's
is now placing greater weight on the fundamental project area
characteristics and some of the positive features of the
dissolution legislation, including the closed lien status of the
debt and the availability of the 20% of tax increment revenues
previously restricted for use on affordable housing to pay debt
service.

SUMMARY RATING RATIONALE

The upgrade to Baa1 takes into account the sizeable incremental
assessed value (AV) of the project area, return to AV growth after
four years of small declines, low level of incremental AV to total
AV, healthy debt service coverage levels, high taxpayer
concentration, and the below average socioeconomic profile of area
residents.

The rating factors in the SA's successful adaptation to post
dissolution processes and administrative procedures and our
expectation that this will continue. The rating also incorporates
our generally positive assessment of the implementation of the
legislation that dissolved redevelopment agencies (RDAs) by most
successor agencies over the last three years, leading to timely
payment of debt service on California TABs.

In 2012, state legislation dissolved all California RDAs, replacing
them with "successor agencies" to serve as fiduciary agents.
Dissolution effectively changed the flow of funds and processes
around the payment of debt service on TABs. Tax increment revenue
is placed in trust with the county auditor-controller, who makes
semi-annual distributions of funds sufficient to pay debt service
on TABs and other "enforceable obligations" approved by the state.

OBLIGOR PROFILE

The Successor Agency to the Watsonville Redevelopment Agency is a
separate legal entity from the City of Watsonville. The SA is
responsible for winding down the operations of the former RDA,
making payments on state-approved "enforceable obligations" and
liquidating any unencumbered assets to be distributed to other
local taxing entities.

LEGAL SECURITY

The legal security for bonds is tax increment revenue from the
project area net of pass through payments.

While not legally pledged, the dissolution laws permit TAB debt
service to be paid from tax increment revenues deposited in the
SA's Redevelopment Property Tax Trust Fund (RPTTF), less amounts
disbursed for pass-through payments and certain administrative
charges. This includes the 20% of TI revenue previously considered
restricted housing set aside. The SA is responsible for notifying
the county auditor-controller of any shortfall in TI revenue
expected to be deposited in the RPTTF needed for the payment of TAB
debt service that would result from the disbursal of the monies for
subordinated pass-through payments, so that the necessary
subordination can be effected through changes to the usual flow of
funds.



WESTMORELAND COAL: Integrated Core, Et Al., Report 4.5% Stake
-------------------------------------------------------------
As of Aug. 26, 2015: (i) Integrated Core Strategies (US) LLC
beneficially owned 409,457 shares of Westmoreland Coal Company's
Common Stock; (ii) Integrated Assets II LLC beneficially owned
92,906 shares of the Issuer's Common Stock; (iii) Integrated
Assets, Ltd. beneficially owned 102,057 shares of the Issuer’s
Common Stock; and (iv) ICS Opportunities, Ltd. beneficially owned
299,598 shares of the Issuer's Common Stock, which collectively
represented 904,018 shares of the Issuer's Common Stock or 5.0% of
the Issuer's Common Stock outstanding.

However, as of the close of business on Sept. 1, 2015: (i)
Integrated Core Strategies beneficially owned 354,457 shares of the
Issuer's Common Stock; (ii) Integrated Assets II beneficially owned
92,906 shares of the Issuer's Common Stock; (iii) Integrated Assets
beneficially owned 119,057 shares of the Issuer's Common Stock; and
(iv) ICS Opportunities beneficially owned 234,313 shares of the
Issuer's Common Stock, which collectively represented 800,733
shares of the Issuer's Common Stock or 4.5% of the Issuer's Common
Stock outstanding.

As of Sept. 1, 2015, Millennium Management LLC and Israel A.
Englander may be deemed to have beneficially owned 800,733 shares
or 4.5% of the Issuer's Common Stock outstanding.

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

                         http://is.gd/ussNJl

                       About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest
independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland Coal Company reported a net loss applicable to common
shareholders of $173 million in 2014, a net loss applicable to
common shareholders of $6.05 million in 2013 and a net loss
applicable to common shareholders of $8.58 million in 2012.

                            *     *     *

As reported by the TCR on Nov. 20, 2014, Standard & Poor's Rating
Services raised its corporate credit rating on Westmoreland Coal
Co. one-notch to 'B' from 'B-'.  "The stable outlook is supported
by Westmoreland's committed sales position over the next year,
which should result in stable cash flows," said Standard & Poor's
credit analyst Chiza Vitta.

Moody's upgraded the corporate family rating (CFR) of Westmoreland
Coal Company to 'B3' from 'Caa1', and assigned 'Caa1' rating to
the company's proposed new $300 million First Lien Term Loan, the
TCR reported on Nov. 20, 2014.  The upgrade of the CFR reflects the
company's successful integration of the Canadian mines acquired in
April 2014, and Moody's expectation that the company's Debt/ EBITDA
will track at around 5x in 2015 and 2016 and that the
company will be break-even to modestly free cash flow positive
over the same time period.


[*] Bankruptcy Filings Drop Over 660,000 Nationwide
---------------------------------------------------
Scott De Buitleir at EILE Magazine reports that the number of
bankruptcy filings in the U.S. has dropped by more than 660,000 in
2015, compared with bankruptcy filings in 2011.

According to EILE Magazine, the number of businesses filing for
bankruptcy have decreased by more than 50%.  Bankruptcy filings by
individuals and families declined by 48% in 2015 versus 2011, the
report states.

EILE Magazine relates that southern states like Georgia, Tennessee
and Arkansas have the largest percentage of bankruptcy cases.

Kentucky, EILE Magazine adds, is another state where people and
businesses have a higher risk of ending up in bankruptcy due to
economic factors.


[*] Fayette County, Georgia, Makes Cuts in General Fund
-------------------------------------------------------
Sarah Plummer at The Fayette Tribune reports that officials in
Fayette County, Georgia, have decided to make cuts in the county
general fund in anticipation of tax revenue loss after several area
coal companies filed Chapter 11 bankruptcy.

According to The Fayette Tribune, County Assessor Eddie Young said
that he does not know how much of a loss the county might see, but
the amount of property taxes owed by bankrupt companies Alpha
Mining, Trinity Coal Company and Walter Energy is around $4
million.  The Fayette Tribune adds that of that amount, about $1.3
million goes to the county general fund and the rest is paid to the
Fayette County Board of Education.

Citing Commission President Denise Scalph, The Fayette Tribune
relates that the officials cut more than 12%, or $1.2 million, from
the operating budget and have implemented a county-wide hiring
freeze.  Mr. Scalph, The Fayette Tribune relates, said that capital
expenses like HVAC and phone systems installation in the judicial
annex have been placed on hold.  The report says that the
commission took a $185,000 reduction and $600,000 was cut from
regional jail costs.  According to the report, no cuts in salaries
or jobs are being considered at this time.

The report quoted Mr. Scalph as saying, "This is no fault of anyone
but the poor economy and the Chapter 11 filings by these coal
companies that we heavily rely on for our revenue stream.  We went
into this wanting to preserve jobs, and we did that.  We are a
courthouse family, and we'll do everything we can to make it work."


[*] Insurer Has Duty to Defend Atty in Civil Contempt Suit
----------------------------------------------------------
Judge Ricardo S. Martinez of the United States District Court for
the Western District of Washington, Seattle, denied defendant Twin
City Fire Insurance Company's Motion for Partial Summary Judgment
regarding insurance coverage.

Madeline Gauthier and the firm Gauthier & Associates Inc.
represented Patricia Caiarelli in a Trust and Estate Dispute
Resolution Act matter.  A defendant, who had filed for Chapter 11
bankruptcy, filed a motion for civil contempt against the
petitioners and their client for willful violation of a discharge
injunction.  The bankruptcy court  awarded $165,662 in compensatory
damages to the defendant debtor and against the plaintiffs.  Ms.
Gauthier asked Twin City for defense and indemnity under a
malpractice insurance policy numbered LT1616807.

The bankruptcy court's decision was eventually overturned by the
Illinois district court and the U.S. Court of Appeals for the
Seventh Circuit.  Thus, the plaintiffs do not currently owe any of
the compensatory damages.

In the insurance case filed by the plaintiffs against Twin City,
the latter moved for an order stating that it has no contractual
duty to indemnify or defend the plaintiffs for civil contempt
sanctions, and argues for summary judgment dismissal of the
plaintiffs' claims for breach of contract.

Judge Martinez found that the plaintiffs no longer suffer an actual
injury caused solely by Twin City's alleged breach of contract
through a failure to indemnify.  The judge found this issue moot
and denied Twin City's motion as to this issue.

As to Twin City's duty to defend the plaintiffs under Policy
LT1616807, Judge Martinez also found that there is nothing in the
policy's definition of damages or professional legal services that
explicitly excludes compensatory damages awarded by a judge against
the insured.  Further, Twin City admitted that there is no
controlling Washington law that closes the door to coverage.  As
such, Judge Martinez found that Twin City owed the plaintiffs a
duty to defend.

The case is MADELINE GAUTHIER, a single woman, and GAUTHIER &
ASSOCIATES INC., P.S., a Washington professional services
corporation, Plaintiffs, v. TWIN CITY FIRE INSURANCE COMPANY, a
foreign corporation, and THE HARTFORD FINANCIAL SERVICES GROUP,
INC., a foreign corporation, Defendants, CASE NO. C14-693RSM (W.D.
Wash.).

A full-text copy of Judge Martinez's August 11, 2015 memorandum and
order is available at http://is.gd/GHOimnfrom Leagle.com.

Madeline Gauthier and Gauthier & Associates Inc PS are represented
by:

          Richard B. Kilpatrick, Esq.
          KILPATRICK LAW PC
          903 N Opdyke Road, Suite C
          Auburn Hills, MI 48326
          Tel: (248) 377-0700
          Fax: (248) 377-0800
          Email: rkilpatrick@kaalaw.com

Twin City Fire Insurance Company and Hartford Fire Insurance Co.
are represented by:

          Daniel Rahn Bentson, Esq.
          Matthew J Sekits, Esq.
          BULLIVANT HOUSER BAILEY
          1700 Seventh Avenue Suite 1810
          Seattle, WA 98101-1397
          Tel: (206) 292-8930
          Fax: (206) 386-5130
          Email: dan.bentson@bullivant.com
                 matthew.sekits@bullivant.com



[^] BOND PRICING: For the Week from Aug. 31 to Sept. 4, 2015
------------------------------------------------------------
  Company                 Ticker  Coupon Bid Price  Maturity Date
  -------                 ------  ------ ---------  -------------
ACE Cash Express Inc      AACE    11.000    38.500       2/1/2019
ACE Cash Express Inc      AACE    11.000    48.000       2/1/2019
Affinion Investments LLC  AFFINI  13.500    43.970      8/15/2018
Alpha Natural
  Resources Inc           ANR      6.000     3.205       6/1/2019
Alpha Natural
  Resources Inc           ANR      9.750     2.311      4/15/2018
Alpha Natural
  Resources Inc           ANR      7.500     8.250       8/1/2020
Alpha Natural
  Resources Inc           ANR      6.250     3.489       6/1/2021
Alpha Natural
  Resources Inc           ANR      3.750     2.625     12/15/2017
Alpha Natural
  Resources Inc           ANR      4.875     2.625     12/15/2020
Alpha Natural
  Resources Inc           ANR      7.500    10.625       8/1/2020
Alpha Natural
  Resources Inc           ANR      7.500    25.500       8/1/2020
American Eagle
  Energy Corp             AMZG    11.000    20.500       9/1/2019
American Eagle
  Energy Corp             AMZG    11.000    20.500       9/1/2019
Arch Coal Inc             ACI      7.000    14.095      6/15/2019
Arch Coal Inc             ACI      7.250    12.708      6/15/2021
Arch Coal Inc             ACI      9.875    17.700      6/15/2019
Arch Coal Inc             ACI      7.250    14.450      10/1/2020
Arch Coal Inc             ACI      8.000    15.500      1/15/2019
Arch Coal Inc             ACI      8.000     9.600      1/15/2019
BPZ Resources Inc         BPZR     8.500    11.000      10/1/2017
BPZ Resources Inc         BPZR     6.500    12.100       3/1/2015
BPZ Resources Inc         BPZR     6.500    10.250       3/1/2049
Caesars Entertainment
  Operating Co Inc        CZR     10.000    29.980     12/15/2018
Caesars Entertainment
  Operating Co Inc        CZR     12.750    32.500      4/15/2018
Caesars Entertainment
  Operating Co Inc        CZR      6.500    40.500       6/1/2016
Caesars Entertainment
  Operating Co Inc        CZR     10.750    27.500       2/1/2016
Caesars Entertainment
  Operating Co Inc        CZR      5.750    40.000      10/1/2017
Caesars Entertainment
  Operating Co Inc        CZR     10.000    32.500     12/15/2018
Caesars Entertainment
  Operating Co Inc        CZR     10.000    30.500     12/15/2018
Caesars Entertainment
  Operating Co Inc        CZR     10.000    30.500     12/15/2018
Caesars Entertainment
  Operating Co Inc        CZR      5.750    12.250      10/1/2017
Caesars Entertainment
  Operating Co Inc        CZR     10.000    28.500     12/15/2018
Caesars Entertainment
  Operating Co Inc        CZR     10.750    27.250       2/1/2016
Cal Dive
  International Inc       CDVI     5.000     0.470      7/15/2017
Champion Enterprises Inc  CHB      2.750     0.250      11/1/2037
Chassix Holdings Inc      CHASSX  10.000     8.000     12/15/2018
Chassix Holdings Inc      CHASSX  10.000     8.000     12/15/2018
Chassix Holdings Inc      CHASSX  10.000     8.000     12/15/2018
Claire's Stores Inc       CLE      8.875    43.500      3/15/2019
Claire's Stores Inc       CLE      7.750    35.500       6/1/2020
Claire's Stores Inc       CLE      7.750    34.875       6/1/2020
Cliffs Natural
  Resources Inc           CLF      5.950    52.161      1/15/2018
Colt Defense LLC /
  Colt Finance Corp       CLTDEF   8.750    31.000     11/15/2017
Colt Defense LLC /
  Colt Finance Corp       CLTDEF   8.750    16.875     11/15/2017
Colt Defense LLC /
  Colt Finance Corp       CLTDEF   8.750    16.875     11/15/2017
Community Choice
  Financial Inc           CCFI    10.750    35.015       5/1/2019
Comstock Resources Inc    CRK      7.750    32.340       4/1/2019
Comstock Resources Inc    CRK      9.500    34.520      6/15/2020
Constellation
  Enterprises LLC         CONENT  10.625    84.500       2/1/2016
Constellation
  Enterprises LLC         CONENT  10.625    84.000       2/1/2016
Crestwood Equity
  Partners LP /
  CEQP Finance Corp       NRGY     7.000    99.500      10/1/2018
Dendreon Corp             DNDN     2.875    71.625      1/15/2016
EPL Oil & Gas Inc         EXXI     8.250    38.250      2/15/2018
EXCO Resources Inc        XCO      7.500    34.857      9/15/2018
EXCO Resources Inc        XCO      8.500    29.948      4/15/2022
Emerald Oil Inc           EOX      2.000    33.000       4/1/2019
Endeavour
  International Corp      END     12.000     0.001       6/1/2018
Endeavour
  International Corp      END     12.000     9.250       3/1/2018
Endeavour
  International Corp      END     12.000     9.250       3/1/2018
Endeavour
  International Corp      END     12.000     9.250       3/1/2018
Energy & Exploration
  Partners Inc            ENEXPR   8.000    19.875       7/1/2019
Energy & Exploration
  Partners Inc            ENEXPR   8.000    19.375       7/1/2019
Energy Conversion
  Devices Inc             ENER     3.000     7.875      6/15/2013
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc             TXU     10.000     1.850      12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc             TXU     10.000     1.875      12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc             TXU      6.875     1.875      8/15/2017
Energy XXI Gulf
  Coast Inc               EXXI     7.500    21.750     12/15/2021
Energy XXI
  Gulf Coast Inc          EXXI     9.250    32.850     12/15/2017
Energy XXI
  Gulf Coast Inc          EXXI     6.875    20.160      3/15/2024
Energy XXI
  Gulf Coast Inc          EXXI     7.750    22.250      6/15/2019
FBOP Corp                 FBOPCP  10.000     1.843      1/15/2009
FairPoint
  Communications
  Inc/Old                 FRP     13.125     1.879       4/2/2018
Federal Home Loan
  Mortgage Corp           FHLMC    3.000    97.250     12/12/2025
Fleetwood
  Enterprises Inc         FLTW    14.000     3.557     12/15/2011
GT Advanced
  Technologies Inc        GTAT     3.000    28.100      10/1/2017
General Electric
  Capital Corp            GE       4.000    99.252      9/17/2032
Goodrich Petroleum Corp   GDP      8.875    25.250      3/15/2019
Goodrich Petroleum Corp   GDP      5.000    24.125      10/1/2032
Goodrich Petroleum Corp   GDP      8.875    24.875      3/15/2019
Goodrich Petroleum Corp   GDP      8.875    24.875      3/15/2019
Gymboree Corp/The         GYMB     9.125    31.063      12/1/2018
Halcon Resources Corp     HKUS     9.750    37.838      7/15/2020
Halcon Resources Corp     HKUS     8.875    33.750      5/15/2021
Hercules Offshore Inc     HERO     8.750    56.834      7/15/2021
Hercules Offshore Inc     HERO     6.750    27.250       4/1/2022
Hercules Offshore Inc     HERO     7.500    31.250      10/1/2021
Hercules Offshore Inc     HERO    10.250    32.500       4/1/2019
Hercules Offshore Inc     HERO     8.750    23.750      7/15/2021
Hercules Offshore Inc     HERO    10.250    23.250       4/1/2019
Hercules Offshore Inc     HERO     7.500    24.250      10/1/2021
Hercules Offshore Inc     HERO     6.750    23.375       4/1/2022
Huntsman
  International LLC       HUN      8.625   103.371      3/15/2021
Las Vegas Monorail Co     LASVMC   5.500     1.026      7/15/2019
Lehman Brothers
  Holdings Inc            LEH      4.000     8.875      4/30/2009
Lehman Brothers
  Holdings Inc            LEH      5.000     8.875       2/7/2009
Lehman Brothers Inc       LEH      7.500     1.067       8/1/2026
Linn Energy LLC /
  Linn Energy
  Finance Corp            LINE     8.625    37.352      4/15/2020
Linn Energy LLC /
  Linn Energy
  Finance Corp            LINE     6.500    38.850      5/15/2019
Linn Energy LLC /
  Linn Energy
  Finance Corp            LINE     6.250    35.625      11/1/2019
Linn Energy LLC /
  Linn Energy
  Finance Corp            LINE     6.250    35.625      11/1/2019
MF Global Holdings Ltd    MF       6.250    15.250       8/8/2016
MF Global Holdings Ltd    MF       9.000    15.250      6/20/2038
MF Global Holdings Ltd    MF       3.375    15.250       8/1/2018
MModal Inc                MODL    10.750    10.125      8/15/2020
Magnetation LLC /
  Mag Finance Corp        MAGNTN  11.000    31.000      5/15/2018
Magnetation LLC /
  Mag Finance Corp        MAGNTN  11.000    13.125      5/15/2018
Magnetation LLC /
  Mag Finance Corp        MAGNTN  11.000    13.125      5/15/2018
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC        MPO     10.750    32.000      10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC        MPO      9.250    29.000       6/1/2021
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC        MPO     10.750    29.875      10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC        MPO     10.750    29.875      10/1/2020
Molycorp Inc              MCP     10.000    15.875       6/1/2020
Molycorp Inc              MCP      6.000     0.375       9/1/2017
Molycorp Inc              MCP      5.500     0.500       2/1/2018
Navient Corp              NAVI     1.910    99.000      9/15/2015
Navient Corp              NAVI     1.960    99.375      9/15/2015
Navient Corp              NAVI     5.000    99.412      9/15/2015
New Gulf Resources LLC/
  NGR Finance Corp        NGREFN  12.250    31.500      5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp        NGREFN  12.250    31.250      5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp        NGREFN  12.250    55.250      5/15/2019
Nine West Holdings Inc    JNY      8.250    43.000      3/15/2019
Nine West Holdings Inc    JNY      6.875    22.000      3/15/2019
Nine West Holdings Inc    JNY      8.250    42.500      3/15/2019
Noranda Aluminum
  Acquisition Corp        NOR     11.000    34.500       6/1/2019
OMX Timber Finance
   Investments II LLC     OMX      5.540    17.250      1/29/2020
Peabody Energy Corp       BTU      6.000    35.000     11/15/2018
Peabody Energy Corp       BTU      6.500    28.393      9/15/2020
Peabody Energy Corp       BTU      6.000    35.750     11/15/2018
Peabody Energy Corp       BTU      6.000    35.750     11/15/2018
Penn Virginia Corp        PVA      8.500    29.989       5/1/2020
Penn Virginia Corp        PVA      7.250    28.500      4/15/2019
Permian Holdings Inc      PRMIAN  10.500    56.500      1/15/2018
Permian Holdings Inc      PRMIAN  10.500    56.125      1/15/2018
Powerwave
  Technologies Inc        PWAV     2.750     0.125      7/15/2041
Powerwave
  Technologies Inc        PWAV     1.875     0.125     11/15/2024
Powerwave
  Technologies Inc        PWAV     1.875     0.125     11/15/2024
Quicksilver
  Resources Inc           KWKA     9.125     8.000      8/15/2019
Quicksilver
  Resources Inc           KWKA    11.000     9.500       7/1/2021
Quiksilver Inc /
  QS Wholesale Inc        ZQK     10.000    23.331       8/1/2020
RadioShack Corp           RSH      6.750     0.750      5/15/2019
RadioShack Corp           RSH      6.750     0.372      5/15/2019
RadioShack Corp           RSH      6.750     0.372      5/15/2019
SITEL LLC / Sitel
  Finance Corp            SITEL   11.500   101.000       4/1/2018
Sabine Oil & Gas Corp     SOGC     7.250    15.750      6/15/2019
Sabine Oil & Gas Corp     SOGC     9.750    12.000      2/15/2017
Sabine Oil & Gas Corp     SOGC     7.500    15.500      9/15/2020
Sabine Oil & Gas Corp     SOGC     7.500    15.875      9/15/2020
Sabine Oil & Gas Corp     SOGC     7.500    15.875      9/15/2020
SandRidge Energy Inc      SD       7.500    28.448      3/15/2021
SandRidge Energy Inc      SD       8.750    29.203      1/15/2020
SandRidge Energy Inc      SD       7.500    29.125      3/15/2021
SandRidge Energy Inc      SD       7.500    29.125      3/15/2021
Savient
  Pharmaceuticals Inc     SVNT     4.750     0.225       2/1/2018
Sequa Corp                SQA      7.000    53.250     12/15/2017
Sequa Corp                SQA      7.000    53.125     12/15/2017
SquareTwo Financial Corp  SQRTW   11.625    50.000       4/1/2017
Swift Energy Co           SFY      7.875    27.797       3/1/2022
Swift Energy Co           SFY      7.125    31.418       6/1/2017
Swift Energy Co           SFY      8.875    28.603      1/15/2020
TMST Inc                  THMR     8.000    11.125      5/15/2013
Terrestar Networks Inc    TSTR     6.500    10.000      6/15/2014
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc             TXU     15.000    15.500       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc             TXU     10.500    13.500      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc             TXU     15.000    15.000       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc             TXU     10.500    14.250      11/1/2016
Venoco Inc                VQ       8.875    24.200      2/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     11.750    25.500      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     11.750    30.500      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     11.750    14.526      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     11.375    30.550       8/1/2016
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     13.000    11.250       8/1/2020
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS      8.750    14.000       2/1/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     13.000    11.250       8/1/2020
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     11.750    29.875      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     11.750    79.000      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     11.750    17.125      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc         VRS     11.750    29.875      1/15/2019
Walter Energy Inc         WLTG     9.500    40.000     10/15/2019
Walter Energy Inc         WLTG     9.875     1.250     12/15/2020
Walter Energy Inc         WLTG     9.500    49.500     10/15/2019
Walter Energy Inc         WLTG     9.500    40.000     10/15/2019
Walter Energy Inc         WLTG     9.500    40.000     10/15/2019
Walter Energy Inc         WLTG     9.875     0.770     12/15/2020
Walter Energy Inc         WLTG     9.875     2.500     12/15/2020
Warren Resources Inc      WRES     9.000    30.250       8/1/2022
Warren Resources Inc      WRES     9.000    28.250       8/1/2022
Warren Resources Inc      WRES     9.000    28.250       8/1/2022
Washington Mutual Bank /
  Debt not acquired
  by JPMorgan             WAMU     5.125     0.529      1/15/2015


                            *********

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 ***