TCR_Public/150908.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, September 8, 2015, Vol. 19, No. 251

                            Headlines

AKBARI-SHAHMIRZADI: Order Denying Bankruptcy Plan Affirmed
ALERIS INT'L: Moody's Cuts Corp Family Rating to B2, Outlook Stable
ALLIED NEVADA: Committee Taps Gordian Group as Investment Banker
ALLIED NEVADA: Committee Taps SRK Consulting as Mining Expert
ALLIED NEVADA: Equity Committee Questions Add'l Services From FTI

ALLIED NEVADA: Stay Modified to Allow Repossession of Drill Rigs
ALLIED NEVADA: Withdraws Motion to Disband Equity Committee
AMG CAPITAL: Fitch Withdraws 'BB+' Preferred Securities Rating
AMSCO STEEL: Can File Schedules & Statements Until September 25
AMSCO STEEL: Gets Interim OK to Hire SSG & Chiron as Bankers

AMSCO STEEL: Wants to Hire Forshey & Prostok as Attorneys
BAHA MAR: Wants CEXIM Exhibits Stricken
BASIC ENERGY: Moody's Cuts Corp Family Rating to Caa1, Outlook Neg
BLUE SUN ST. JOE: Gets Final Approval to Obtain $1.76-Mil. Loan
BOOMERANG TUBE: To Vacate HQ at N. Outer Forty Drive, Chesterfield

CANAL ASPHALT: Can Use Cash Collateral Until Sept. 15
CANAL ASPHALT: Seeks to Sell Asphalt Plant for $16.5-Mil.
CANDAX ENERGY: Gets Addt'l Waiver Extension on Facility Agreement
CORINTHIAN COLLEGES: Has Until Nov. 2 to Remove Civil Actions
DAVID M. MEYER: 8th Cir. Affirms District Court Sanctions

DEFENSE LOGISTICS: Case Summary & 20 Largest Unsecured Creditors
ERG INTERMEDIATE: Wants Access to Financing Extended to Nov. 15
FRANCIS MAX FRICK: Bankruptcy Auction Scheduled for Sept. 15
GENON ENERGY: Moody's Affirms B3 CFR & Revises Outlook to Negative
GEORGETOWN MOBILE: Plan Gives Add'l 6 Months of Breathing Room

GOLD LEAF LAND: Voluntary Chapter 11 Case Summary
INTERNATIONAL BRIDGE: Hearing on Cash Use Continued to Nov. 19
ISLE OF CAPRI CASINOS: S&P Hikes Corp. Credit Rating to 'B+'
JAMES RIVER: Seeks Oct. 7 Plan Filing Exclusivity Extension
KNOLL INC: S&P Affirmed Then Withdrew 'BB' Corp. Credit Rating

KORLEY SEARS: Summary Judgment Favoring Family Members Affirmed
LDG MIDWAY: Order Denying Anti-SLAPP Motion Reversed
LEE COUNTY IDA: Fitch Affirms 'BB+' Rating on 2014 & 2012 Bonds
LUCA INTERNATIONAL: Has Final Authority to Obtain $2MM DIP Loan
MIDWAY GOLD: Has Interim Use of Cash Collateral Until Sept. 18

MIO DC LLC: Case Summary & 20 Largest Unsecured Creditors
NC12 INC: Tex. App. Affirms Ruling in Startup Venture Dispute
NEW GOLD: S&P Affirms 'BB-' Corp. Credit Rating, Outlook Stable
NEW YORK LIGHT: Panel Wants Until Sept. 30 to Probe Transactions
NGPL PIPECO: S&P Lowers Issuer Credit Rating to CCC-, Outlook Neg

NORTH AMERICAN LIFTING: Moody's Lowers Corp. Family Rating to 'B3'
NORTHWEST BANCORPORATION: Chapter 11 Case Closed
O.W. BUNKER: District Court May Hear Interpleader Actions
OMNICARE INC: S&P Hikes Corp. Credit Rating From BB, Outlook Stable
PATRIOT COAL: Has Until Dec. 8, 2015 to Assume or Reject Leases

PATRIOT COAL: Has Until Jan. 7, 2016 to File Chapter 11 Plan
PERESETSKY INVESTMENTS: Case Summary & 5 Top Unsecured Creditors
PREMIER GOLF: Should Move Forward With Dismissal, Says Cottonwood
PUTNAM ENERGY: Cash Collateral Hearing Continued Until Oct. 7
PUTNAM ENERGY: Has Until Oct. 6, 2015 to File Reorganization Plan

PUTNAM ENERGY: Has Until Sept. 12 to Decide on Unexpired Leases
PUTNAM ENERGY: Status Hearing on Plan Filing on Oct. 7
RAIDER MARINE: 5th Cir. Affirms Judgment Against Comar
RAILYARD COMPANY: Case Summary & 20 Largest Unsecured Creditors
REBEL LAND: Voluntary Chapter 11 Case Summary

RECOVERY CENTERS: Amends Schedule F in SALs
RECOVERY CENTERS: Granted Final Approval to Use BoA Cash Collateral
REEVES DEVELOPMENT: Court Approves Settlement with Iberiabank
RENAULT WINERY: Empire, OceanFirst Object to Bidding Procedures
RENAULT WINERY: Seeks Approval of OceanFirst Settlement

RIVERWALK JACKSONVILLE: Reorganization Plan Confirmed
RIVIERA DRILLING: Gunnison's Bid to Junk Buccaneer Suit Denied
ROLLING MEADOWS: Fitch Affirms BB+ Rating on $17.71MM Revenue Bonds
SANTA CRUZ: Committee Taps Corporate Recovery as Financial Advisor
SANTA CRUZ: Wants to Pay Robert Fritz Koontz from Cash Collateral

STAR AMBULANCE: Confirmation of Jointly Administered Plan Denied
TEMSCO INC: Sept. 14 Hearing on Bid to Dismiss Ch. 11 Case
TLC HEALTH: Hearing on Cash Collateral Use Continued Until Oct. 19
TLC HEALTH: Trustee Adjourns Meeting of Creditors to Oct. 19
TRIP II DULLES: Fitch Affirms 'BB+' Rating on $1BB Revenue Bonds

VERDE VALLEY: Ariz. App. Vacates Dismissal of Suit vs. Stonekings
YOUSIF HALLOUM: Ex-Attys Win Summary Judgment in Malpractice Suit
ZEBRA TECHNOLOGIES: S&P Affirms 'BB-' CCR, Outlook Stable
ZLOOP INC: Cases Jointly Administered for Procedural Purposes
ZLOOP INC: Proposes Oct. 30, 2015 Gen. Claims Bar Date

ZLOOP INC: Taps Miller Industrial To Market Nevada Property
ZLOOP INC: Wants to Hire DLA Piper as Bankruptcy Counsel
[^] Large Companies with Insolvent Balance Sheet

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AKBARI-SHAHMIRZADI: Order Denying Bankruptcy Plan Affirmed
----------------------------------------------------------
In the case captioned In Re: NANCY AKBARI-SHAHMIRZADI a/k/a Nancy
Jacoby, Debtor/Appellant., NO. CIV 14-0982 JB/WPL, CONSOLIDATED
WITH NO. CIV 14-0981 JB/WPL (D.N.M.), Magistrate Judge William P.
Lynch affirmed the bankruptcy judge's order denying confirmation of
Akbari's plan as a matter of law.

Debtor Nancy Akbari-Shahmirzadi appealed from the October 22, 2014
Order Denying Confirmation of Chapter 11 Plan and the October 27,
2014 Order Confirming First Amended Plan of Liquidation filed by
Charlotte Leff, Executrix of the Estate of Eleanor Jacoby.

Akbari requested that the Court reinstate her as
debtor-in-possession and give her control of the management and
sale of certain properties, remand the case for a hearing on the
issue of an alleged oral settlement agreement, reverse the
bankruptcy judge's order denying confirmation of Akbari's proposed
plan and remand the case to the bankruptcy judge for further
proceedings to determine if the plan was confirmable, and/or give
Akbari the opportunity to rework her plan and solicit votes.

In affirming the bankruptcy judge's order, Judge Lynch found that
Akbari's Plan was not confirmable as a matter of law under 11
U.S.C. Section 1129(a)(10) because no class of impaired creditors
actually accepted her plan. He also recommended the dismissal of
those portions of Akbari's appeal that were not properly noticed
under Federal Rule of Appellate Procedure 3(c).

A copy of the June 30, 2015 proposed findings and recommended
disposition is available at http://is.gd/Fbz2T9from Leagle.com.

Nancy Akbari-Shahmirzadi, In Re, represented by Nancy Akbari
Shahmirzadi, Pro-Se.

Charlotte Leff, Appellee, represented by George M Moore --
gmm11usc@swcp.com -- Moore, Berkson & Gandarilla, P.C..

Philip J Montoya, Appellee, represented by George M Moore, Moore,
Berkson & Gandarilla, P.C..

Nancy Akbari-Shahmirzadi, a retired attorney, filed for Chapter 7
bankruptcy on December 14, 2011. On June 21, 2013, Akbari filed an
opposed motion to convert the case to a Chapter 11 bankruptcy. On
July 19, 2013, Akbari filed a draft plan of liquidation.  The case
was converted to Chapter 11 on November 22, 2013 and Akbari became
the debtor-in-possession.


ALERIS INT'L: Moody's Cuts Corp Family Rating to B2, Outlook Stable
-------------------------------------------------------------------
Moody's Investors Service downgraded Aleris International Inc.'s
corporate family rating (CFR) and probability of default rating to
B2 and B2-PD from B1 and B1-PD respectively.  The senior unsecured
notes were downgraded to B3 from B2.  The outlook is stable.

Downgrades:

Issuer: Aleris International Inc.

  Corporate Family Rating, Downgraded to B2 from B1

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

  Gtd Sr Global Notes (Local Currency), Downgraded to B3, LGD4
   from B2, LGD4

Outlook Actions:

  Outlook, Changed To Stable From Negative

RATINGS RATIONALE

The downgrade reflects Aleris' weak debt protection metrics and
high leverage as evidenced by the EBIT/interest and debt/EBITDA
ratios of around 0.5x and 6.6x respectively for the twelve months
ended June 30, 2015 following pressure on performance in recent
years from the aerospace inventory overhang, tightened scrap
spreads and other challenges in the company's markets in Europe and
North America as well as start-up costs associated with the new
rolling mill in Zhenjiang, China.  While the downward trend in the
company's performance appears to have bottomed, improvement in debt
protection metrics and moderation in the leverage position is
expected to occur only gradually through 2016 and into 2017. During
this timeframe the company will also have high capital expenditures
related to its $350 million investment at its Lewisport, Kentucky
facility to expand its automotive body sheet capacity.  The
company's objective is to commence customer shipments in 2017.
Once completed, this expansion will enhance Aleris' value added
product mix in North America and contribute to a more substantive
improvement in profitability and metrics.  In addition, although
Aleris' business model is a margin on metal construct, the
weakening currently seen in aluminum prices could pressure volumes
and scrap spreads.

The rating anticipates that Aleris' performance will continue to
reflect benefits over time from an improving product mix following
the divestiture of its recycling/specification alloys and extrusion
businesses.  In addition, the Chinese mill has recently achieved
break-even EBITDA and the company expects ongoing volume
improvement.  Given the weaker economic growth rates in China, this
improvement is expected to be more protracted than previously
anticipated.  The rating also reflects the company's good market
position and value added capabilities in the aerospace and
automotive industries in its European rolled products segment.

The stable outlook reflects the fact that the company's performance
will show improving, albeit slowly, trends over the next twelve to
eighteen months, on continued good volumes in aerospace and
automotive in the European segment, reduced losses in the Asia
Pacific segment and improving trends in North America.

The B2 rating on the senior unsecured notes under Moody's loss
given default methodology reflects the weaker position of the notes
in the liabilities waterfall behind the $600 million secured
asset-based lending facility and priority accounts payable.

Upward rating movement is unlikely over the next twelve to eighteen
months given the expectation for an only gradual improvement in
metrics.  However, should the debt/EBITDA ratio trend toward and be
sustained below 4.x and the EBIT/interest ratio improve to and be
sustained above 2.25x, the rating could be favorably impacted.  The
rating could be downgraded should debt/EBITDA be sustained above
5.25x and EBIT/interest not evidence an improving trend to at least
1.5x.

The principal methodology used in these ratings was Global Steel
Industry published in October 2012.

Headquartered in Beachwood, Ohio, Aleris is a global aluminum
rolled products company with operations in North America, Europe
and China.  For the twelve months ended June 30, 2015, the company
reported revenues of $3.1 billion.



ALLIED NEVADA: Committee Taps Gordian Group as Investment Banker
----------------------------------------------------------------
The Official Committee of Equity Security Holders in the Chapter 11
cases of Allied Nevada Gold Corp., et al., asks the U.S. Bankruptcy
Court for the District of Delaware for permission to retain Gordian
Group, LLC as its investment banker.

Gordian Group will, among other things:

   a. familiarize itself with Debtors' business and operations and
financial condition;

   b. assist in negotiations with Debtors, current lenders,
creditors, and other interested parties regarding a proposed
restructuring;

   c. evaluate the proposed financial treatment of Debtors' equity
holders in connection with any proposed restructuring; and

   d. provide testimony in the Court, as appropriate and mutually
agreed upon by Gordian and the Equity Committee, in connection with
any proposed restructuring.

The Equity Committee believes that the services provided by Gordian
will not duplicate the services that other of its retained
professionals will provide to the Equity Committee in the cases.

The Equity Committee requests that Gordian be compensated with:

   a) monthly fees of $25,000 per month;

   b) a transaction fee payable concurrently with and as a
condition to consummation of the restructuring, consisting of the
greater of (x) $250,000 or (y) 2.0% of the aggregate
consideration.

To the best of Equity Committee's knowledge, Gordian Group which
has offices located at 950 Third Avenue, 17th Floor, New York City,
is a "disinterested person" as that term is defined in Section
101(14) of the Bankruptcy Code.

                 About Allied Nevada Gold Corp.

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

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

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

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

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

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


ALLIED NEVADA: Committee Taps SRK Consulting as Mining Expert
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware will convene
a hearing on Sept. 11, 2015, at 10:00 a.m., to consider the request
of the Official Committee of Unsecured Creditors in the Chapter 11
cases of Allied Nevada Gold Corp., et al., for permission to retain
SRK Consulting (U.S.), Inc., as its mining expert.  Objections, if
any, are due Sept. 4.

SRK will, among other things:

   1. analyze the Debtors' past operating performance to determine
reason for deviation from prior operational plans;

   2. evaluate Debtors' future operating plans to determine
potential cash flow and viability;

   3. evaluate Debtors' expansion scenarios to support valuation in
a potential transaction; and

   4. provide general technical assistance, as requested.

SRK's professionals to be engaged by the Committee and their hourly
rates are:

         Neal Rigby                              $485
         John Pfahl                              $245
         Eric Olin                               $320
         Bart Stryhas                            $275
         Bret Swanson                            $260
         Administrative                      $100 - $120

SRK has an outstanding prepetition unsecured claim in the amount of
$87,995 scheduled by the Debtors.  SRK has agreed not to seek
payment on the claim against the Debtors and will write-off that
amount.

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

                 About Allied Nevada Gold Corp.

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

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

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

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

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

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


ALLIED NEVADA: Equity Committee Questions Add'l Services From FTI
-----------------------------------------------------------------
The Official Committee of Equity Security Holders in the Chapter 11
cases of Allied Nevada Gold Corp., et al., reserves its rights with
respect to the notice of filing of second addendum to the
engagement letter between the Debtors and FTI Consulting, Inc.

The Equity Committee tells the Court that it does not object to the
second addendum.  However, the Equity Committee is concerned about
the Debtors' purported need for the supplemental services
given Debtors' suspension of mining operations on July 8, 2015.

According to the Equity Committee, the supplemental services
appear, in large part, to fall within the scope of ordinary
management functions.  Given Debtors' reduced operations, it is
unclear why Debtors' management requires additional support from
FTI to perform the functions.

Moreover, the group points out that the second addendum does not
provide any estimated cost with respect to the supplemental
services.

On March 25, 2015, the Debtors requested for authorization to
employ FTI Consulting as operational advisors to the Debtors, nunc
pro tunc to the Petition Date.

On July 6, 2015, the Debtors and FTI entered into an additional
addendum to the engagement letter which sets forth certain
additional services to be provided by FTI related to, among other
things, providing operational support and assistance with reporting
and information management.

FTI will provide these supplemental services:

   1. meet with site management to discuss operations, plans and
capital requirements;

   2. assist in the development of a detailed operating plan;

   3. as necessary: (i) provide a independent, third party review
of the Company's transaction plans; (ii) help the Company to manage
the transition to the new operating program; and (iii) assist to
stabilize the Company's post transition operations; and  
   4. review the Company's approach to optimizing costs in a
reduced operating level environment.

The Equity Committee is represented by:

         Patrick J. Reilley, Esq.
         Nicolas J. Brannick, Esq.
         COLE SCHOTZ P.C.
         500 Delaware Avenue, Suite 1410
         Wilmington, DE 19801
         Tel: (302) 652-3131
         Fax: (302) 652-3117
         E-mail: preilley@coleschotz.com
                 nbrannick@coleschotz.com

         Janice B. Grubin, Esq.
         LECLAIRRYAN, A Professional Corporation
         885 Third Avenue, 16th Floor
         New York, NY 10022
         Tel: (212) 634-5016
         Fax: (212) 634-5062
         E-mail: janice.grubin@leclairryan.com

                  - and -

         Gregory J. Mascitti, Esq.
         Richard A. McGuirk, Esq.
         LECLAIRRYAN, A Professional Corporation
         70 Linden Oaks, Suite 210
         Rochester, NY 14625
         Tel: (585) 270-2106
         Fax: (585) 270-2166
         E-mail: gregory.mascitti@leclairryan.com
                 richard.mcguirk@leclairryan.com

                  - and -

         Michael J. Crosnicker, Esq.
         LECLAIRRYAN, A Professional Corporation
         2318 Mill Road, Suite 1100
         Alexandria, VA 22314
         Tel: (703) 647-5970
         Fax: (703) 647-5973
         E-mail: michael.crosnicker@leclairryan.com

                 About Allied Nevada Gold Corp.

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

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

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

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

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

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



ALLIED NEVADA: Stay Modified to Allow Repossession of Drill Rigs
----------------------------------------------------------------
The Hon. Mary F. Walrath has granted the modification of automatic
stay of Allied Nevada Gold Corp. as to Atlas Copco Consumer Finance
USA LLC to permit repossession of drill rigs.

Under the agreed order, the parties agreed that the amount owing
under the equipment leases, including all unpaid overdue
post-petition lease payments and interest and missed-payment
penalties through and including July 8, 2015 is $9,028,206.

Atlas Copco will have an allowed secured claim in the amount of
$37,779 for all unpaid overdue postpetition lease payments and
interest and missed-payment penalties through and including July 8,
2015, which Allowed Secured PostPetition Lease Payments Claim would
be part of the Class 3 Other Secured Claims as set forth Debtor's
Amended Joint Chapter 11 Plan of Reorganization.

Atlas Copco will have a general unsecured claim for the deficiency,
if any, in the proceeds of the sale of the Drill Rigs and the
amounts owed under the Equipment Leases after giving effect to the
payment of the overdue postpetition lease payments, interest
payments and missed-payment penalties, which Unsecured Deficiency
Claim would be classified as Unsecured Claims as set forth in the
Amended Plan.

                  About Allied Nevada Gold Corp.

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

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

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

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

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

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



ALLIED NEVADA: Withdraws Motion to Disband Equity Committee
-----------------------------------------------------------
Allied Nevada Gold Corp., et al., notified the U.S. Bankruptcy
Court for the District of Delaware that they have withdrawn their
motion to disband the Official Committee of Equity Security Holders
which was filed on July 31, 2015.

The Debtors previously requested a disbandment of the equity
committee, saying the shareholders "relentlessly" pursued
"scorched-earth litigation" by continually opposing routine
motions.  The Debtors asserted that the equity committee has become
a financial drain, with current and former professionals seeking
more than $850,000 in combined fees.

                 About Allied Nevada Gold Corp.

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

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

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

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

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

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



AMG CAPITAL: Fitch Withdraws 'BB+' Preferred Securities Rating
--------------------------------------------------------------
Fitch Ratings affirmed and withdrawn Affiliated Managers Group,
Inc.'s (AMG) long-term Issuer Default Rating (IDR), senior
unsecured note rating and senior bank credit facility rating at
'BBB+'. Fitch has also affirmed and withdrawn AMG Capital Trust
II's trust preferred security rating at 'BB+'. The ratings have
been withdrawn for commercial reasons.

KEY RATING DRIVERS

IDR, SENIOR UNSECURED DEBT, SENIOR BANK CREDIT FACILITY

The affirmations reflect AMG's continued strong financial
performance, cash flow generation, AUM inflows and execution,
driven by a consistent operating strategy and affiliate and assets
under management (AUM) diversity. AMG maintains a favorable
competitive position in the affiliated manager space, generally
with revenue sharing agreements which reduce downside risk to the
company. These attributes have led to improved interest coverage
(adjusted EBITDA/interest expense) and a demonstrated ability to
manage leverage (adjusted debt-to-adjusted EBITDA) below 2x,
consistent with the lowered targets articulated by AMG in 2013 and
2014.

Primary rating constraints include AMG's acquisitive business
model, which results in periodic increases in leverage, AUM
concentration in equities, which is a relatively more volatile
asset class and can lead to variability in management fee streams,
and leverage and interest coverage that although improved, remain
weaker relative to more highly rated peers.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

The affirmation of the trust preferred securities issued by AMG
Capital Trust II maintains the three-notch differential from AMG's
IDR. The three-notch differential reflects Fitch's view of the
subordinated nature and interest deferral feature of this hybrid
security in accordance with Fitch's criteria 'Treatment and
Notching of Hybrids in Nonfinancial Corporates and REIT Credit
Analysis'.

Fitch has affirmed and withdrawn the following ratings:

Affiliated Managers Group, Inc.

-- Long-term Issuer Default Rating (IDR) at 'BBB+', Outlook
    Stable;

-- Senior unsecured notes at 'BBB+';

-- Senior bank credit facility at 'BBB+'.

AMG Capital Trust II

-- Trust preferred securities at 'BB+'.



AMSCO STEEL: Can File Schedules & Statements Until September 25
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
extended until Sept. 25, 2015, the deadline with which AMSCO Steel
Company LLC and Pyndus Steel & Aluminum Co. Inc to file their
schedules of assets and liabilities, and statements of financial
affairs.

                  About Amsco Steel

AMSCO Steel Company, LLC, and Pyndus Steel & Aluminum Co., Inc.,
sought protection under Chapter 11 of the Bankruptcy Code on Aug.
10, 2015 (Bankr. N.D. Tex., Case No. 15-43240).  The Debtors are
suppliers and processors of steel products for a wide variety of
customers throughout the United States and Mexico.  The case is
assigned to Judge Russell F. Nelms.

The Debtors' counsel are J. Robert Forshey, Esq., and Matthew G.
Maben, Esq., at Forshey & Prostok, LLP, in Forth Worth, Texas.

The U.S. trustee overseeing the Chapter 11 cases of AMSCO Steel
Company LLC and Pyndus Steel & Aluminum Co. Inc. appointed five
creditors to serve on the official committee of unsecured
creditors.


AMSCO STEEL: Gets Interim OK to Hire SSG & Chiron as Bankers
------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
authorized AMSCO Steel Company LLC and Pyndus Steel & Aluminum Co.
Inc. to employ, on an interim basis, SSG Advisors LLC and Chiron
Financial Group Inc. as investment bankers as of the Debtors'
bankruptcy filing.

The firms will provide these services:

a) Sale: The firms' role in connection with a sale would include:

   i) prepare an information memorandum describing the Debtors,
their historical performance and prospects, including existing
contracts, marketing and sales, labor force, and management and
anticipated financial results of the Debtors;

  ii) assist the Debtors in developing a list of suitable potential
buyers who will be conducted on a discreet and confidential basis
after approval by the Debtors;

iii) coordinate the execution of confidentiality agreements for
potential buyers wishing to review the information memorandum;

  iv) assist the Debtors in coordinating site visits for interested
buyers and working with the management team to develop appropriate
presentations for the visit;

  v) solicit competitive offers from potential buyers;

vi) advise and assist the Debtors in structuring the transaction
and negotiating the transaction agreement; and

viii) otherwise, assist the Debtors, their attorneys, and
accountants, as necessary, through closing on a best effort basis;


b) Financing: The firms' role in connection with the financing will
include:

   i) advise in light of current market conditions on all aspects
of the financing, including timing, structure and terms;

  ii) prepare an information memorandum describing the Debtors,
their historical performance and prospects, including existing
contracts, marketing and sales, labor force and management, and
anticipated financial results;

iii) approach potential financing sources, including commercial
banks, commercial finance companies and other institutional lenders
and investors;

  iv) solicit term sheet from those financing sources interested in
the financing;

   v) solicit terms sheets from those financing sources interested
in the financing;

  vi) negotiating with financing sources regarding the terms and
structure of the financing; and
necessary, through closing on a best efforts basis;


c) Restructuring: The firms' role in connection with a
restructuring will include:

   i) prepare an information memorandum describing the Debtors,
their historical performance and prospects, including existing
contracts, marketing, and sales, labor force and management, and
anticipated financial results;

  ii) negotiate and assist the Debtors' counsel in reviewing lease
documents and meeting with lessors regarding long-term extension
agreements with the Debtors;

iii) assist in developing a plan for general unsecured creditors
with limited further relationship with the Company; and

  iv) otherwise, assist the Debtors and their other professionals,
as necessary, through closing on a best efforts basis.

The firms are entitled to receive an initial fee of $25,000 from
the Debtors upon signing of the agreement and approval of the
Court.  Under the agreement, the firms will be entitled to a fee
upon the consummation of the sale equal to $25,000.  In the event
additional party(s) participate in the 363 sale process with the
buyer as the stalking horse bidder and bid in excess of the buyer's
stalking horse bid, the agreement provide that the firms will be
entitled to a sale fee upon consummation of a sale transaction to
any party of $25,000 plus 15% of the total consideration in excess
of the buyer's stalking horse bid.  Finally, in the event the Buyer
is not the stalking horse bidder, upon the consummation of a sale
transaction to any party, then the agreement provides that the
advisor will be entitled to sale fee equal to $25,000 plus 15% of
100% of the total consideration.

Additionally, the agreement provides for a financing fee upon the
closing of a financing with any financing source, equal to the
greater of (a) $50,000 or (b) 10% of any financing raised.

Upon closing of a restructuring transaction, the agreement provides
that the advisors are entitled to a fee in the amount of $50,000.

Mark Chesen, managing director of SSG Advisors LLC, assured the
Court that the firms do not hold any interest adverse to the
Debtors and their estate, and is a "disinterested person" within
the meaning of Section 101(14) of the Bankruptcy Code.

Mr. Chesen can be reached at:

   Mark Chesen
   Managing Director
   SSG Advisors LLC
   630 Fifth Avenue, Suite 2166
   New York, NY 10111
   Tel: (610) 940-5801
   Fax (212) 782-3756
   Email: mchesen@ssgca.com

                  About Amsco Steel

AMSCO Steel Company, LLC, and Pyndus Steel & Aluminum Co., Inc.,
sought protection under Chapter 11 of the Bankruptcy Code on Aug.
10, 2015 (Bankr. N.D. Tex., Case No. 15-43240).  The Debtors are
suppliers and processors of steel products for a wide variety of
customers throughout the United States and Mexico.  The case is
assigned to Judge Russell F. Nelms.

The Debtors' counsel are J. Robert Forshey, Esq., and Matthew G.
Maben, Esq., at Forshey & Prostok, LLP, in Forth Worth, Texas.

The U.S. trustee overseeing the Chapter 11 cases of AMSCO Steel
Company LLC and Pyndus Steel & Aluminum Co. Inc. appointed five
creditors to serve on the official committee of unsecured
creditors.


AMSCO STEEL: Wants to Hire Forshey & Prostok as Attorneys
---------------------------------------------------------
AMSCO Steel Company LLC and Pyndus Steel & Aluminum Co. Inc. ask
the U.S. Bankruptcy Court for the Northern District of Texas for
permission to employ Forshey & Prostok LLP as their attorneys.

The firm will:

     a) advise the Debtors of their rights, powers and duties as
debtors an debtors in possession continuing to operate and manage
their business and assets;

     b) advise the Debtors concerning, and assist in the
negotiation and documentation of agreements, debt restructurings,
and related transactions;

     c) review the nature and validity of liens asserted against
the property of the Debtors and advise the Debtors concerning the
enforceability of the liens;

     d) advise the Debtors concerning the actions that they might
have to collect and to recover property for the benefit of the
Debtors' estate;

     e) prepare on behalf of the Debtors all necessary and
appropriate applications, motions, pleadings, proposed orders,
notices, schedules, and other documents, and review all financial
other reports to be filed in these Chapter 11 cases;

     f) advise the Debtors concerning, and preparing responses to,
applications, pleadings notices, and other papers that may be filed
and served these Chapter 11 cases;

     g) counsel the Debtors in connection with the formulation,
negotiation and promulgation of one or more plans of reorganization
and related documents;

     h) perform all other legal services for and on behalf of the
Debtors that may be necessary or appropriate in the administration
of these Chapter 11 cases or in the conduct of the bankruptcy cases
and the Debtors' business, including advising and assisting the
Debtors with respect to debt restructurings, assets dispositions,
and general business, tax, finance, real estate and litigation
matters; and

     i) all other legal services as may be necessary or appropriate
in connection with the bankruptcy cases.

The firm will charge the Debtors for its legal services on an
hourly basis at its customarily hourly rates:

   Professional            Hourly Rates
   ------------            ------------
   Partners                $500-$575
   Associates              $275-$425
   Paralegals              $150-$190

J. Robert Forshey, Esq., partner in the law firm of the firm,
assures the Court that the firm does not hold any interest adverse
to the Debtors and their estate, and is a "disinterested person"
within the meaning of Section 101(14) of the Bankruptcy Code.

Mr. Forshey can be reached at:

   J. Robert Forshey, Esq.
   Forshey Prostok LLP
   777 Main Street, Suite 1290
   Fort Worth, TX 76102
   Tel: 011 1 817 877 4212
   Fax: 817 877 4151
   Email: bforshey@forsheyprostok.com

                  About Amsco Steel

AMSCO Steel Company, LLC, and Pyndus Steel & Aluminum Co., Inc.,
sought protection under Chapter 11 of the Bankruptcy Code on Aug.
10, 2015 (Bankr. N.D. Tex., Case No. 15-43240).  The Debtors are
suppliers and processors of steel products for a wide variety of
customers throughout the United States and Mexico.  The case is
assigned to Judge Russell F. Nelms.

The Debtors' counsel are J. Robert Forshey, Esq., and Matthew G.
Maben, Esq., at Forshey & Prostok, LLP, in Forth Worth, Texas.

The U.S. trustee overseeing the Chapter 11 cases of AMSCO Steel
Company LLC and Pyndus Steel & Aluminum Co. Inc. appointed five
creditors to serve on the official committee of unsecured
creditors.


BAHA MAR: Wants CEXIM Exhibits Stricken
---------------------------------------
Northshore Mainland Services Inc., et al., requested that the U.S.
Bankruptcy Court for the District of Delaware strike and not
consider purported evidence that is the subject of the Debtors'
evidentiary objection to the CEXIM reply to objections to CEXIM's
motion to dismiss the Chapter 11 cases of the Debtors:

   Exhibit A -- Appeal Summons in the Matter of an application
   made under the inherent jurisdiction of the Court,
   alternatively pursuant to Section 254 of the Companies (Winding

   Up Amendment) Act 2011.

On Aug. 25, CCA Bahamas, Ltd., submitted a reply in support of its
motion to dismiss the Debtors' cases, stating that the Debtors
filed their petitions in bad faith, coupled with their inability to
adequately fund their cases, the strong Bahamian interests at
stake, the viability of alternative insolvency proceedings in the
Bahamas, and the lack of connections with the United States, compel
dismissal of the cases.

In a separate Aug. 25 filing, the Debtor made evidentiary
objections to the exhibits filed in support of reply of CCA's
motion to dismiss.  The Debtors requested that the Court strike and
not consider any of the purported evidence that is the subject of
the Debtors' evidentiary objections nor any statement relying on
such purported evidence:

   Exhibit C -- Address by Prime Minister, Right Honourable Perry
   G. Christie, M.P. to Nation on Baha Mar Negotiations and
   Proceedings.

   Exhibit D -- Petitions In the Matter of the Companies Act, 1992

   Chapter 308 and the Companies (Wind Up amendment) Act 2011.

   Exhibit E -- Applications In the Matter of the Companies Act,
   1992 (Chapter 308) and the Companies (Wind Up amendment) Act
   2011

The Debtors filed on Aug. 24, a status report regarding Bahamian
Proceedings (Winding Up Petitions and Provisional Liquidator
Summons) pending before the Supreme Court of The Bahamas,
disclosing, among other things:

   1. On Aug. 19, the Bahamian Court commenced a hearing to
consider certain aspects of the Bahamian Proceedings.  During the
course of such hearing, the Bahamian Court indicated that it would
dismiss the Winding Up Petitions filed in respect of these Debtor
entities upon the request of the respondents (and without any
objection) because the Attorney General of the Commonwealth of The
Bahamas, petitioning in a representative capacity, did not allege
on behalf of those parties for whom she was petitioning, that they
were creditors of the entities:

      a. BML Properties Ltd.;
      b. Baha Mar Operating Company Ltd.;
      c. Riviera Golf Ventures Ltd.;
      d. Baha Mar Entertainment Ltd.;
      e. Baha Mar Support Services Ltd.;
      f. Baha Mar Leasing Company Ltd.; and
      g. Baha Mar Sales Company Ltd.

As a result, the Provisional Liquidator Summonses relating to the
dismissed entities would be dismissed as well.

As reported in the Troubled Company Reporter on Sept. 1, 2015,
Stephanie Gleason, writing for The Wall Street Journal, reported
that the bankruptcy judge for Baha Mar Ltd. on Aug. 28 outlined two
possible middle-ground rulings on whether to dismiss the resort
developer's bankruptcy case and said he would present his decision
as soon as possible, likely in September.

According to the report, Judge Kevin Carey of the U.S. Bankruptcy
Court in Wilmington, Del., heard arguments on motions from two
Chinese national companies -- its lender, the Export-Import Bank of
China, and its contractor, a China State Engineering Corp.
subsidiary called China Construction America -- that want the case
decided in Bahamian court.  Judge Carey presented two possible
alternatives to a simple confirmation or denial during the hearing:
allowing the case to continue but requiring the Bahamian court to
approve the bankruptcy plan as a stipulation for its confirmation,
and suspending the proceeding rather than dismissing it outright,
the report related.

                           About Baha Mar

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

The case is assigned to Judge Kevin J. Carey.

The Debtors are represented by Paul S. Aronzon, Esq., and Mark
Shinderman, Esq., at Milbank, Tweed, Hadley & McCloy LLP, in Los
Angeles, California; and Gerard Uzzi, Esq., Thomas J. Matz, Esq.,
and Steven Z. Szanzer, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in New York.  The Debtors' Delaware 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.



BASIC ENERGY: Moody's Cuts Corp Family Rating to Caa1, Outlook Neg
------------------------------------------------------------------
Moody's Investors Service downgraded Basic Energy Services, Inc.'s
Corporate Family Rating (CFR) to Caa1 from B1, its senior unsecured
notes rating to Caa2 from B2, and lowered its Speculative Grade
Liquidity Rating to SGL-3 from SGL-2.  The outlook was changed to
negative from stable.

"The downgrade reflects our expectation of materially higher
leverage and weaker interest coverage driven by the rapid
deterioration in industry fundamentals for US onshore oilfield
service providers," said John Thieroff, Moody's VP-Senior Analyst.
"While Basic has a measure of spending flexibility due to low
maintenance capital requirements, we expect recovery in upstream
demand to be limited in 2016 which will keep Basic's cash flows
under pressure for a prolonged period."

Issuer: Basic Energy Services, Inc.

Ratings Downgraded:

  Corporate Family Rating, Downgraded to Caa1 from B1

  Probability of Default Rating, Downgraded to Caa1-PD from B1-PD

  Senior Unsecured Notes Rating, Downgraded to Caa2 (LGD4) from B2

   (LGD4)

  Speculative Grade Liquidity Rating, Lowered to SGL-3 from SGL-2

Outlook Actions:

  Outlook Changed to Negative from Stable

RATINGS RATIONALE

The Caa1 Corporate Family Rating reflects Basic's modest cash flow
generation, driven by declining demand from upstream exploration &
production (E&P) companies, and elevated financial leverage.
Basic's credit deterioration ties to the pronounced downturn in oil
prices since late 2014 and the resulting diminished demand for its
services.  Moody's expects interest coverage will fall below 1x in
2015, from 4.7x in 2014, and will continue to be weak into 2016.
Without a sustained recovery in commodity prices that leads to a
significant uptick in demand, Moody's expects Basic's debt to
EBITDA to remain near 10x through 2016.

Severely reduced US onshore upstream spending in 2015 has squeezed
Basic's margins.  With the expectation of muted recovery in the
near term, demand for services will remain weak with dim prospects
for material recovery in Basic's cash flow generation through 2016.
Basic's high interest burden leaves minimal cash flow available
for capital spending requirements.  Despite weak cash flow, we
expect Basic to internally fund maintenance level capital spending
in 2016, augmented by cash from the balance sheet.

The SGL-3 Speculative Grade Liquidity Rating reflects Moody's view
of adequate liquidity through 2016.  At June 30, Basic had $208
million of total liquidity, consisting of $92 million of cash and
$116 million of availability on its secured asset-based lending
(ABL) facility, net of $48.5 million in outstanding letters of
credit.  Although Basic's borrowing base as of June 30 was $164
million ($116 million of availability, net of letters of credit),
we expect availability to become limited to $54 million in late
2015 through 2016 due to the credit facility's covenant structure.
Basic is not currently subject to financial covenants under the
facility; however, springing covenants take effect when
availability is below the greater of 25% of commitments or $62.5
million.  In that event, Basic is required to maintain a fixed
charge coverage ratio of at least 1x, and a senior secured leverage
ratio under 2.5x.  While Moody's anticipates Basic will not be in
compliance with these covenants once third quarter 2015 results are
considered, we do not expect Basic will need to utilize the
facility to any meaningful extent through 2016 beyond currently
outstanding letters of credit.  The credit facility matures
November 2019.

The Caa2 unsecured notes rating reflects the subordination of the
notes to Basic's senior secured ABL facility's priority claim to
company assets, causing them to be rated one notch below the Caa1
CFR under Moody's Loss Given Default Methodology.

The negative outlook reflects the weak prospects for cash flow
generation through 2016.  A ratings downgrade is likely if
liquidity falls below $50 million.  While unlikely in the next 12
months, an upgrade could be considered if Basic improves interest
coverage to above 2x and leverage is reduced to under 4.5x for a
sustained period.

The principal methodology used in this rating was Global Oilfield
Services Industry Rating Methodology published in December 2014.



BLUE SUN ST. JOE: Gets Final Approval to Obtain $1.76-Mil. Loan
---------------------------------------------------------------
A federal judge approved a $1.76 million financing to get Blue Sun
St. Joe Refining LLC and its affiliates through bankruptcy.

Judge Arthur Federman of U.S. Bankruptcy Court for the Western
District of Missouri gave final approval to the loan to be provided
by John and Joann Horton Family Limited Partnership.

The bankruptcy judge earlier allowed the company to borrow an
initial $500,000 from the same lender, court filings show.

In exchange for the $1.76 million loan, the lender will get
"superpriority" claims and will be granted liens to secure
repayment of the company's obligations.

Terra Bioenergy LLC last month criticized the company, saying the
loan agreement that it initially proposed did not provide for
payment of rent under their lease contract.   

The same was echoed by Terra Bioenergy's lenders Nodaway Valley
Bank and FCS Financial, FLCA, which also filed an objection with
the bankruptcy court.

Blue Sun St. Joe resolved the objections by getting the approval of
John and Joann to increase the amount of its loan from $1.1 million
to $1.76 million, which would allow the company to pay its rent
until the lease is assumed or rejected.  The company was also
required to pay a monthly rent of $110,000, court filings show.

The company leases from Terra Bioenergy a biodiesel plant located
along Stockyards Expressway in St. Joseph, Missouri.  Terra
Bioenergy used the facility as collateral for the loan it obtained
from Nodaway and FCS Financial.  

                     About Blue Sun St. Joe

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

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


BOOMERANG TUBE: To Vacate HQ at N. Outer Forty Drive, Chesterfield
------------------------------------------------------------------
Boomerang Tube LLC has until next month to vacate its Chesterfield
headquarters and move to another location as part of its agreement
with Forty West Partners, LLC.

The company leases from Forty West approximately 22,197 square-foot
office space at 14567 North Outer Forty Drive, in Chesterfield,
Missouri.

The landlord on June 16 asked the U.S. Bankruptcy Court in Delaware
to lift the so-called automatic stay in a bid to seize the property
after Boomerang Tube allegedly failed to pay its rent.  

Prior to the filing, Forty West terminated its lease with the
company, court filings show.

On July 6, Boomerang Tube filed an objection in which it argued
that it has a "possessory interest" in the property under the lease
and Missouri law since the contract was terminated before it filed
for bankruptcy protection.

Forty West also received an objection from Boomerang Tube's
official committee of unsecured creditors.

The landlord defended its move by arguing that another company is
eyeing the location being occupied by Boomerang Tube.  Forty West
argued the loss of this prospective tenant could cost the landlord
an "indeterminate number of months of vacancy."    

The companies resolved their dispute by allowing Boomerang Tube to
use the location until Oct. 31, 2015, at a monthly rent of $54,066.
Boomerang Tube also has the option to use smaller office space in
the same building until March 31, 2016.

In return, Boomerang Tube agreed to "waive any defenses" it may
have to the termination of the lease.

                        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.


CANAL ASPHALT: Can Use Cash Collateral Until Sept. 15
-----------------------------------------------------
Judge Robert D. Drain of the United States Bankruptcy Court
Southern District of New York granted Canal Asphalt, Inc., interim
authority to utilize cash collateral on an interim basis in an
amount not to exceed $280,000 covering the period from the Petition
Date until the final hearing scheduled on September 15, 2015 at
10:00 a.m.

William K. Harrington, the United States Trustee for Region 2,
objected to the Debtor's Cash Collateral Request, complaining that
the Debtor has failed to communicate and cooperate with the United
States Trustee regarding certain urgent matters in this case.  The
U.S. Trustee also complained that: (1) the Debtor's emergency
budget is for 14 days, which runs on its own terms before the
hearing date of the Motion, and the Debtor has failed to provide
the United States Trustee with an updated budget and the United
States Trustee should have an opportunity to review this budget;
(2) the Debtor's budget contains certain line items that are
unexplained, which line items include include officer salaries,
vehicle payments, and travel expenses; and (3) the Debtor must
respond to basic United States Trustee requests for information,
which includes proof insurance, the DIP account and aging
accounts.

The Debtor, together with C.L. Consulting & Management Corp. and
Signature Bank, filed a stipulation affirming the lenders' consent
to the Debtor's use of the cash collateral securing its
indebtedness.

The Debtor is represented by:

          Gary M. Kushner
          GOETZ FITZPATRICK LLP
          One Penn Plaza
          31st Floor
          New York, New York 10119
          Tel: (212) 695-8100
          Fax: (212) 629-4013
          Email: gkushner@goetzfitz.com

Signature Bank is represented by:

          Theresa A. Driscoll
          MORITT HOCK & HAMROFF LLP
          400 Garden City Plaza
          Garden City, New York 11530
          Tel: (516) 873-2000
          Fax: (516) 873-2010
          Email: tdriscoll@moritthock.com

The U.S. Trustee is represented by:

          Greg M. Zipes, Esq.
          TRIAL ATTORNEY
          201 Varick Street, Suite 1006
          New York, New York 10014
          Tel: (212) 510-0500
          Fax:(212) 668-2255
          Email: webmaster@usdoj.gov

                 About Canal Asphalt

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


CANAL ASPHALT: Seeks to Sell Asphalt Plant for $16.5-Mil.
---------------------------------------------------------
Canal Asphalt, Inc., asks the United States Bankruptcy Court
Southern District of New York authority for authority to conduct a
private sale of its asphalt plant at 800 Canal Street, in Mount
Vernon, New York, and certain property and other assets related
thereto free and clear of all liens, claims, encumbrances and
interests of any kind to Thalle Industries Inc., for $16,500,000.

The Purchase Price includes $12,800,000 for the asphalt plant,
$1,200,000 for the Gaia Property and $2,500,000 to be paid to Nigro
pursuant to a Consulting Agreement with Thalle.

Eastern Concrete Materials, Inc.; and Peckham Industries, Inc. and
Pro Materials LLC; objected to the proposed private sale.  Eastern
Concrete complained that the APA has no appraisals, no broker
opinions, and no valuation analysis that support that the purchase
price is adequate, fair or sufficient for the Debtor's asphalt
plant.  Eastern Concrete said it is unclear as to how the asphalt
plant was valued and if any allocation was given to the various
permits, which are believed to have significant independent value.


Peckham and Pro Materials asserted that the private sale is highly
unusual and asked the Court to direct the Debtor to provide for a
public auction sale subject to higher and better offers.  Peckham
pointed out that the APA provides that Thalle can "walk" away from
the deal if it is unable to obtain a mortgage of up to 75% of the
purchase price.  Peckham argued that the Court should approve the
sale only if Thalle affirmatively states that it will close even if
it is unable to obtain financing.

Thalle, in response, asked the Court to overrule the objections as
they fail to set forth any legal or factual basis to deny the
proposed sale.  According to Thalle, the objections are motivated
solely to further the interests of competitor businesses to block
the Sale, thereby threatening to harm rather than benefit the
Debtor's estate and its creditors.

The Debtor, in response, told the Court that it does not have the
luxury of engaging in a lengthy sale process at the risk of losing
Thalle.  Thus, any points raised in the objections about the need
for a public auction are insufficient to overcome the fact that the
sale to Thalle is not only reasonable, but likely the only viable
means of preserving the greatest value for the Debtor and its
creditors under all of the circumstances, the Debtor said.

C.L. Consulting & Management, Petrillo Contracting Inc., and
Signature Bank, support the private sale of the Debtor's asphalt
plant.  Petrillo stated that it consents to the private sale of the
property to Thalle provided that all proceeds to be paid by Thalle
are deposited into an interest bearing escrow account, pending
further Order of the Court as to their ultimate disposition.

The Debtor is represented by:

          Gary M. Kushner
          GOETZ FITZPATRICK LLP
          One Penn Plaza
          31st Floor
          New York, New York 10119
          Tel: (212) 695-8100
          Fax: (212) 629-4013
          Email: gkushner@goetzfitz.com

Signature Bank is represented by:

          Theresa A. Driscoll
          MORITT HOCK & HAMROFF LLP
          400 Garden City Plaza
          Garden City, New York 11530
          Tel: (516) 873-2000
          Fax: (516) 873-2010
          Email: tdriscoll@moritthock.com

Pro Materials LLC is represented by:

          Arthur Goldstein, Esq.
          TARTER KRINSKY &DROGIN LLP
          1350 Broadway
          New York, NY 10018
          Email: agoldstein@tarterkrinsky.com

Peckham Industries, Inc. is  represented by:

          Marc Stuart Goldberg, Esq.
          MARC STUART GOLDBERG LLC
          670 White Plains Road, Suite 121
          Scarsdale, NY 10583
          Email: mgoldberg@msglegal.com

C.L. Consulting & Management is represented by:

          David Capriotti, Esq.
          HARRIS BEACH PLLC
          333 West Washington Street, Suite 200
          Syracuse, NY 13202
          Tel: (315) 214-2038
          Fax: (315) 422-9331
          Email: dcapriotti@harrisbeach.com

Petrillo Contracting Inc., is represented by:

          Joseph P. Asselta, Esq.
          FORCHELLI, CURTO, DEEGAN, SCHWARTZ, MINEO & TERRANA LLP
          333 Earle Ovington Blvd. Suite 1010  
          Uniondale, New York 11553
          Tel: 516-248-1700
          Fax: 516-248-1729
          Email: jasselta@forchellilaw.com

                  About Canal Asphalt

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


CANDAX ENERGY: Gets Addt'l Waiver Extension on Facility Agreement
-----------------------------------------------------------------
Candax Energy Inc., a company with mature oil & gas field
developments in Tunisia, on Sept. 4 disclosed that it has obtained
from Geofinance NV, major debtholder and shareholder of the
Company, a further extension of 5 days on the waiver with respect
to terms of the facility agreement entered into by the parties.

The extension will extend the waiver until September 8, 2015.  As a
result, Geofinance NV has agreed not to seek any remedy under the
facility agreement in respect of the $3.5 million unpaid amount
until September 8, 2015, except in case of specific circumstances.
A copy of the amendment and waiver letter will be filed publicly by
the Company and available on SEDAR.

The Company is in advanced discussions regarding financial
alternatives and needs more time to continue these discussions.

                           About Candax

Candax is an international energy company with offices in Toronto
and Tunis.  The Candax group is engaged in exploration and the
production of oil and gas in Tunisia and holds a royalty interest
in an exploration permit in Madagascar.



CORINTHIAN COLLEGES: Has Until Nov. 2 to Remove Civil Actions
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware extended
until Nov. 2, 2015, Corinthian Colleges Inc.'s time to file notices
to remove any and all civil actions involving the company and its
affiliates.

As reported in the Troubled Company Reporter on Aug. 19, 2015, the
Debtors said the extension, if granted, would give them enough time
to determine whether to remove any pending civil action, according
to its lawyer, Marisa Terranova, Esq., at Richards, Layton & Finger
P.A., in Wilmington, Delaware.

                     About Corinthian Colleges

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

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

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

The Debtor filed with the Court a first amended and modified
combined disclosure statement and plan of liquidation.  The
Combined Plan incorporates a compromise between the Debtors,
the Official Committee of Unsecured Creditors, the Student
Committee and the Prepetition Secured Parties as to the
Distribution of the Debtors' assets already liquidated or to be
liquidated over time to the Holders of Allowed Claims in
accordance
with the terms of the Combined Plan and Disclosure Statement and
the priority of claims provisions of the Bankruptcy Code.

The U.S. Trustee for Region 3 appointed five creditors to serve on
the official committee of unsecured creditors.  Cooley LLP serves
as its lead counsel, Foley & Mansfield, PLLP serves as its local
counsel, and Province Inc. serves as its financial advisor.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware, on Aug. 28, issued an order confirming Corinthian
Colleges, Inc., et al.'s Third Amended and Modified Combined
Disclosure Statement and Chapter 11 Plan of Liquidation.

The Combined Plan incorporates a compromise between the Debtors,
the Official Committee of Unsecured Creditors, the Student
Committee and the Prepetition Secured Parties as to the
Distribution of the Debtors' assets already liquidated or to be
liquidated over time to the Holders of Allowed Claims in accordance
with the terms of the Combined Plan and Disclosure Statement and
the priority of claims provisions of the Bankruptcy Code.

The Combined Plan provides for the Prepetition Secured Parties to
release any liens they may otherwise have upon, and forgo any
recoveries from, the Student Refund Reserve, thereby enabling the
Debtors to transfer their rights and interest in those funds (in
the approximate amount of $4.3 million) to the Student Trust.


DAVID M. MEYER: 8th Cir. Affirms District Court Sanctions
---------------------------------------------------------
The United States Court of Appeals for the Eighth Circuit affirmed
the district court's rulings in the case captioned David M. Meyer
and Nancy R. Meyer Trust UTA Dated October 13, 2006,
Plaintiff-Appellant v. U.S. Bank National Association,
Defendant-Appellee, NO. 14-1560 (8th Cir.).

In June 2003, David and Nancy Meyer signed a revolving credit note
and revolving credit agreement and later signed a series of term
notes and term loan agreements to obtain loans from U.S. Bank to
finance their swine production business. In October 2006, the
Meyers transferred all their business assets to a revocable trust,
The David M. Meyer and Nancy R. Meyer Trust, naming themselves as
Grantors and Trustees. The revolving credit loan went into default
on July 1, 2008. U.S. Bank agreed not to exercise its default
rights. The lending relationship continued until the Meyers
withheld proceeds from the sale of collateral (hogs); U.S. Bank
commenced a replevin action; and the Meyers filed for Chapter 11
bankruptcy protection in August 2010.

The David M. Meyer and Nancy R. Meyer Trust commenced an action in
state court, alleging that U.S. Bank tortiously interfered with the
Trust's contractual relations with a feed supplier for the Meyers'
swine production business. The U.S. Bank removed the action,
promptly filed a motion for summary judgment, and later sought
Fed.R.Civ.Proc. Rule 11 sanctions.

The district court granted summary judgment and imposed a $5,000
sanction against the Trust and its attorneys. The Trust appealed,
and U.S. Bank moved for additional sanctions under Rule 38 of the
Federal Rules of Appellate Procedure, arguing the appeal is
frivolous.

The appellate court found that there was no procedural error in the
district court's grant of summary judgment in favor of U.S. Bank.
As explained by the district court, its "grant of summary judgment
in favor of the Bank was governed by Fed. R. Civ. P. 56 because the
Court considered matters outside the pleadings, and all parties
were given an opportunity to present material pertinent to the
motion.

The appellate court also concluded that the appeal was not
frivolous but was frivolously argued. It denied an award of
attorney's fees to U.S. Bank but granted double costs as a Rule 38
sanction.

A copy of the July 6, 2015 decision is available at
http://is.gd/ghqxZ1from Leagle.com.


DEFENSE LOGISTICS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Defense Logistics Support, Inc.
        P.O. Box 2577
        Lumberton, NC 28358

Case No.: 15-04845

Chapter 11 Petition Date: September 4, 2015

Court: United States Bankruptcy Court
       Eastern District of North Carolina
       (Fayetteville Division)

Judge: Hon. David M. Warren

Debtor's Counsel: Trawick H Stubbs, Jr., Esq.
                  STUBBS & PERDUE, P.A.
                  P. O. Drawer 1654
                  New Bern, NC 28563
                  Tel: 252 633-2700
                  Fax: 252 633-9600
                  Email: efile@stubbsperdue.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Trevor J. Kracker, president and CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nceb15-04845.pdf


ERG INTERMEDIATE: Wants Access to Financing Extended to Nov. 15
---------------------------------------------------------------
ERG Intermediate Holdings LLC has asked the Bankruptcy Court for
approval of a third amendment to the DIP Facility and access to
cash collateral.

U.S. Bankruptcy Judge Harlin DeWayne Hale previously gave ERG
Intermediate Holdings LLC approval to tap a $17.5 million loan to
be provided by CLMG Corp. which serves as administrative agent for
a consortium of lenders.

The DIP Facility had a stated maturity date of July 29, 2015,
reflecting that the financing contemplated funding the Debtors'
operations through the consummation of a sale process for the
California-based assets of the Debtors, which was originally
intended to be completed by the end of July 2015.  Because the Sale
Process was delayed into August as a result of, among other things,
negotiations between the Secured Lender and the Official Committee
of Unsecured Creditors, the Secured Lender previously extended the
Stated Maturity Date of the DIP Facility to Aug. 31, 2015.

The Sale Process, as revised during the chapter 11 cases, had an
Aug. 10, 2015 bid deadline for offers to purchase the Debtors'
California assets.  As of Aug. 10, the Debtors had received no
qualifying bids in connection with such proposed sale.  Pursuant to
the Sale Process, the Secured Lender had the right to credit bid
for the Debtors' assets after the bid deadline.  On Aug. 12, 2015,
in lieu of credit bidding for such assets, the Secured Lender
proposed the terms of a plan of reorganization for the Debtors.

Therefore, the Debtors seek to extend the DIP Facility, as amended,
through and including Nov. 15, 2015.

CLMG will be granted "superpriority" claim and "first priority"
liens and security interests in some of ERG's properties as
protection, according to the order.

The collateral does not include funds maintained under ERG's 2010
agreement with IndemCo LP in connection with its deal with U.S.
Specialty Insurance Company.

                       About ERG Resources

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.



FRANCIS MAX FRICK: Bankruptcy Auction Scheduled for Sept. 15
------------------------------------------------------------
In re Francis Max Frick, Jr. and Jo Billy Frick   
Bankr. M.D. Fla. Case No. 15-00423
Chapter 11 Petition filed January 30, 2015

Tranzon will auction 45+/- houses, commercial office and
residential lots, at Ocala, Florida on September 15, 2015 at 10:55
a.m.

Features:

  -- Will sell regardless of price
  -- Buy one, buy five, or buy all!
  -- Many homes income producing
  -- Bid live or bid online

Tranzon Driggers Walter J. Driggers, III, Lic. Real Estate Broker,
FL Lic. No. AU707 & AB3145 10% Buyer's Premium, Case No.:
3:15-bk-00423-PMG

Property Location:

Various Addresses
Ocala, FL 34470

Auction Location:

Hilton Ocala
3600 SW 36th Ave.
Ocala, FL 34474

Contact:

Tranzon Driggers
Justin McQuary
Tel: 877-374-4437
Email: jmcquary@tranzon.com

For more details, please visit http://www.tranzon.com/DG09152015



GENON ENERGY: Moody's Affirms B3 CFR & Revises Outlook to Negative
------------------------------------------------------------------
Moody's Investors Service affirmed GenOn Energy Inc.'s (GEN)
corporate family rating (CFR) at B3 and revised its outlook to
negative from stable.

"The negative outlook on GenOn reflects the sustained downward
pressure on gas and power prices in the US unregulated markets",
said Toby Shea, Senior Credit Officer.  "Although the results of
PJM's capacity market auction for 2018/2019 released on August 21,
2015 and the incremental capacity market auction for 2016/17
released on August 31, 2015 will both lead to an incremental
improvement to GEN's cash flow, this will be insufficient to offset
the declines in the broader energy markets" added Mr. Shea.

Affirmations:

Issuer: GenOn Americas Generation, LLC

  Senior Unsecured Regular Bond/Debenture, Affirmed Caa1 (LGD 5)
   from (LGD 4)

Issuer: GenOn Energy, Inc.

  Corporate Family Rating, Affirmed B3
  Probability of Default Rating, Affirmed B3-PD
  Issuer Rating, Affirmed NP
  Speculative Grade Liquidity Rating, Affirmed SGL-3
  Senior Unsecured Regular Bond/Debenture, Affirmed B3 (LGD4)

Issuer: GenOn Escrow Corp.

  Senior Unsecured Regular Bond/Debenture, Affirmed B3 (LGD4)

Issuer: GenOn Mid-Atlantic, LLC

  Senior Secured Pass-Through, Affirmed Ba3 (LGD1)

Issuer: GenOn REMA, LLC

  Senior Secured Pass-Through, Affirmed B2 (LGD3)

Outlook Actions:

Issuer: GenOn Americas Generation, LLC

  Outlook, Changed To Negative From Stable

Issuer: GenOn Energy, Inc.

  Outlook, Changed To Negative From Stable

Issuer: GenOn Mid-Atlantic, LLC

  Outlook, Changed To Negative From Stable

Issuer: GenOn REMA, LLC

  Outlook, Changed To Negative From Stable

RATINGS RATIONALE

GEN's B3 CFR largely reflects its high debt burden relative to cash
flow.  The default risk at the parent company is exacerbated by
dividend restrictions at its two ring-fenced subsidiaries: GenOn
Mid-Atlantic, LLC (GenMA, Ba3) and NRG REMA, LLC (REMA, B2). We
estimate that GEN averaged about $442 million of open EBITDAR
annually over the past four years (2011-2014) and has a total
adjusted debt and lease obligation of $4.5 billion (or $4.25
billion without accounting for debt discount and premiums.) GenMA
and REMA, combined, contributed about $305 million of open EBITDAR
and hold $1.3 billion of debt and lease obligations.

With some exceptions, GEN's portfolio is comprised mainly of
peaking facilities and struggling coal plants.  The exceptions are
Hunterstown (810 MW) and REMA's interest in Keystone (283 MW) and
Conemaugh (280 MW).  Hunterstown is a combined cycle gas plant with
about a 55% capacity factor while Keystone and Conemaugh are large
coal plants that have continued to run at a high capacity factor
despite the competition from cheap natural gas.  All three plants
are located in Pennsylvania and belong to the MAAC market within
PJM.  Within the GenMA portfolio, the 1,200 MW Morgantown coal
plant appears to be the most valuable plant as it operated at
around 60% capacity factor for 2014.  The two other coal plants
within the GenMA portfolio, Chalk Point and Dickerson have more
marginal economics, with capacity factors of 43% and 25%
respectively in 2014.  The capacity factors are sourced from SNL
Financial.

Moody's ratings also factors in NRG's approach in managing GEN as a
non-recourse subsidiary.  Moody's believes that NRG will not
develop new projects at GEN and only inject capital if the return
justifies the incremental investment.

Liquidity

Moody's expects GEN to have sufficient liquidity for the next 12 to
18 months but with cash traps in effect at REMA and GenMA, we
expect GEN's cash balance excluding REMA and GenMA to decline over
time.

In addition, REMA's liquidity could be challenged and may require
GEN's support in 2016.  Despite having a $322 million cash balance
at the end of 2014 and only $307 million of lease debt outstanding,
the company has decided to invest heavily in converting the 597 MW
Shawville coal plant to burn gas, with most of the capital
expenditure going toward building a gas pipeline to the plant.  As
a result, REMA's cash balance is likely to decline significantly as
this project proceeds.

At the end of second quarter 2015, GEN reported a cash balance of
$520 million, excluding GenMA and REMA's cash holdings of $217
million and $283 million, respectively.  GEN also has access to a
$500 million revolving credit facility provided by NRG.  Currently,
GEN has not drawn cash from its credit facility but a large portion
of it (about $261 million at the end of second quarter 2015) is
used for posting letters of credit to support business
transactions.  GEN generated positive free cash flow of $231
million and $101 million in 2013 and 2014 but free cash flow would
have been negative $90 million and $539 million in those years
without contributions from REMA and GMA.

GEN's next major debt maturity is a $725 million bond issuance due
in June 2017.  Based on current capital and commodity market
conditions, GEN could have difficulty refinancing this debt
maturity.  However, GEN has various options that could bolster its
liquidity before this maturity, including a reduction in its
corporate services fee payable to NRG as more MWs are retired
(~$200 million per year) and asset sales.

What Could Change the Rating -- UP

The negative outlook limits the likelihood of a near term rating
upgrade.  Prospects for an upgrade would require a marked
improvement in the merchant power markets and positive free cash
flow generation without contributions from GenMA and REMA.

What Could Change the Rating -- DOWN

Moody's could downgrade the ratings if power market conditions do
not improve or actions are not taken this year or in early 2016 to
improve GEN's ability to meet its $725 million debt maturity due in
June 2017.

The principal methodology used in these ratings was Unregulated
Utilities and Unregulated Power Companies published in October
2014.



GEORGETOWN MOBILE: Plan Gives Add'l 6 Months of Breathing Room
--------------------------------------------------------------
Georgetown Mobile Estates, LLC, has a reorganization plan that
proposes to refinance or sell its property within 181 days after
Sept. 15, 2015.

According to the disclosure statement explaining the terms of the
Amended Plan of Reorganization dated Aug. 21, 2015, the terms of
any proposed sale or refinance will be subject to the Secured
Lender's approval, which approval will not be unreasonably
withheld.  If no refinance or sale occurs within the period, then
the Secured Lender will have sole title to the Real Property, free
and clear of all liens, claims and encumbrances and may record such
deed or deeds.  If the Reorganized Debtor refinances the debt owed
to the Secured Lender as provided for in the Plan, then DellaValle
shall replace the Receiver and act as Manager.

The Cash, Disposable Income and Proceeds will be distributed as
follows:

   * First, in full and final satisfaction of the Secured Lender's
Allowed Secured Claim, the Debtor may pay the Secured Lender
$11,500,000, plus all of the Secured Lender's costs, fees and
expenses, including, but not limited to attorneys' fees and special
servicing fees that accrue from July 1, 2015, which costs, fees and
expenses will not exceed $100,000.

   * Second, the Debtor will pay the Unclassified Claims, being the
U.S. Trustee's Fees, all allowed Professional and Administrative
Fees and Expenses the lesser of (1) the full amount of each Allowed
Unclassified Claim or (ii) each Allowed Unclassified Claim's pro
rata share of the remaining Property Funds.

   * Third, the Debtor will pay the Tax Claims, if any, the lesser
of (1) the full amount of each Allowed Tax Claim or (ii) each
Allowed Tax Claim's pro rata share of the remaining Property Funds.


   * Fourth, the Debtor will pay each Allowed Unsecured Claim the
lesser of (1) the full amount of each Allowed Unsecured Claim or
(ii) each Allowed Unsecured Claim's pro rata share of the remaining
Proceeds. It is anticipated that distributions to Allowed Claims
will not begin until after the second anniversary year from the
Effective Date.  The Plan provides for an Early Payment Incentive
of allowing the Debtor the option of paying all Allowed Claims 50%
if paid within two years from the Effective Date.

   * Fifth, the remaining Property Funds, if any, will be
distributed to the Debtor.  

The Debtor anticipates borrowing funds within 181-days from
Sept. 15, 2015, to pay the Secured Lender's Agreed Secured Claim.
Such financing is projected to be short term, which may increase
the total payback to creditors in year 3 of the term.  Such monthly
payments to the finance company is not projected to have any
substantial impairment to the Allowed Claims of Unsecured
Creditors.

A copy of the Modified Amended Disclosure Statement in support of
its Amended Plan of Reorganization dated Aug. 21, 2015, is
available at http://is.gd/Jr2shn

                       U.S. Trustee Objects

U.S. Trustee Samuel K. Crocker objects to the adequacy of the
Debtor's Amended Disclosure Statement and confirmation of the
Debtor's Amended Plan of Reorganization.

Rachelle C. Dodson, Esq., representing the U.S. Trustee, notes that
the principal of the Debtor, Daniel Sexton, has maintained
throughout the case, including in the introductory sections of the
Disclosure Statement, and his testimony at the First Meeting of
Creditors, that the Debtor was defrauded by his former business
partner and CPA, Jonathan Williams.  Mr. Sexton alleges that
Williams forged his name on loan instruments, borrowed unauthorized
funds, and used those funds for unknown purposes.

According to the U.S. Trustee, if the allegations are true, this
recovery action against Williams is a substantial asset of the
Debtor and demands pursuing.  In the Disclosure Statement, the
Debtor reserves the right to pursue these claims, but there is no
real discussion of this option or what the Debtor intends to do
with it.  The Plan and Discussion should include a detailed
discussion of these recovery options and the Debtors plan for
pursuing them, or justification for choosing not to.

According to Ms. Dodson, unsecured claims are estimated in an
extremely wide range between $400,000 and $2.5 million.  Payback is
similarly estimated between at most 67% and maybe substantially
less and 100%.

As previously summarized, the Plan allows the principal of the
Debtor relief from an estimated $1 million to $3 million in
personal liability on deficiency balances when the property is not
sold or reorganized in 180 days, while secured creditors would
receive less than the value of their claims, and unsecureds would
likely obtain nothing in that scenario.  The Plan is designed to
provide a huge personal benefit the Principal at its failure while
leaving both secured and unsecured creditors with partial or no
payment of their claims.  None of this is adequately disclosed to
creditors or discussed in the Plan, including the fact that the
Plan is not confirmable for this reason.

                  About Georgetown Mobile Estates

Georgetown Mobile Estates, LLC, is a Kentucky corporation with
headquarters in Georgetown, Scott County, Kentucky.  Originally
incorporated on Jan. 23, 2006, the Company operates a mobile home
park in three areas on the county line of Scott and Fayette,
Kentucky.  The park can take up to 504 customers and, historically,
had an occupancy rate of 92%.

Georgetown Mobile Estates filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Ky. Case No. 15-50945) in Lexington, Kentucky, on May
11, 2015, to take back control of the mobile home park from a
receiver.  Daniel E. Sexton, the present owner, signed the
petition.

The bankruptcy case is assigned to Judge Tracey N. Wise.  The
Debtor estimated $10 million to $50 million in assets and debt.

The Debtor tapped Bunch & Brock of Lexington, Kentucky, as counsel;
Randy Reynolds of Magnum Capital Consultants, LLC, as financial
advisor; Bradford Burgess of The Thayer Group as financial advisor;
and Glen Dellavalle of Dellavalle Management Group as manager of
business operations.

The U.S. trustee overseeing the Chapter 11 case of Georgetown
Mobile Estates LLC appointed three creditors of the company to
serve on the official committee of unsecured creditors.



GOLD LEAF LAND: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Gold Leaf Land Investments, LLC
        9067 W. Post Road, Suite A
        Las Vegas, NV 89148

Case No.: 15-15133

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: September 4, 2015

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

Judge: Hon. August B. Landis

Debtor's Counsel: Jason M. Gerber, Esq.
                  MARQUIS AURBACH COFFING
                  10001 Park Run
                  Las Vegas, NV 89145
                  Tel: 702-207-6097
                  Fax: 702-856-8923
                  Email: jgerber@maclaw.com

Total Assets: $4.7 million

Total Liabilities: $3.6 million

The petition was signed by Michael DeSilva, authorized signatory.

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


INTERNATIONAL BRIDGE: Hearing on Cash Use Continued to Nov. 19
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Kansas will continue
until Nov. 19, 2015 at 1:30 p.m., the hearing to consider
International Bridge Corporation's motion to use cash collateral.

The continuance of the hearing was pursuant to the agreement among
certain parties.

AS reported in the Troubled Company Reporter on June 12, 2015, U.S.
Bankruptcy Judge Dale L. Somers authorized the Debtor to use cash
collateral on an interim basis, indicating that the Debtor will
tender a monthly payment to Internal Revenue Service in the amount
of $2,000 on June 1, 2015, and by the first of each month
thereafter, and will grant a continuing and replacement lien in
accounts receivable created post-petition to IRS.

As reported in the TCR on May 12, 2015, the Debtor intends to use
cash collateral for miscellaneous operating costs, the payment of
income to its employees, payment of attorney's fees, and for
payment of the U.S. Trustee's assessments and other expenses in the
Ch. 11 proceeding.  If allowed to use the cash collateral for its
operating needs, the Debtor should not require any additional
postpetition financing, nor should it incur further indebtedness
during the pendency of the case.  The cash collateral will be
utilized on an interim, but likely ongoing basis, with extensions
to the motion filed every 90 days, or other period as the Court.

TOA Corporation, the Government of Guam, the Department of Revenue
and Taxation and IRS may claim an interest in the cash collateral.
The Debtor owes TOA in the amount of $7,769,779 (of which $629,000
is undisputed, and the remainder is disputed), the IRS the amount
of $4,477,161 and Guam in the amount of $4,822,812.

On Aug. 2, 2011, the IRS filed a notice of federal tax lien with
the register of deeds in Shawnee County, Kansas.  On March 12,
2015, Guam filed a notice of tax lien with the District of Guam.
TOA may assert an interest in the cash collateral by virtue of a
UCC-1 filled with some branch of the Guam Government but the
description of the property that TOA claims an interest in does not
seem to encompass the cash collateral.

The Debtor sought permission to use cash collateral, only to extent
of the account receivable owed by CaPFA Capital Corp. 2010 for the
month of April and each month thereafter, to continue its business
operations.

The Debtor will grant a continuing and replacement lien in accounts
receivable created postpetition.  However, no further adequate
protection will be provided.

The Debtor contended that IRS and Guam are currently over-secured
based upon the value of its assets and the secured claims as of the
Petition Date, and therefore no additional security or value should
be required for use of the cash collateral.

                     About Int'l Bridge Corp.

International Bridge Corporation, a contractor for government
projects in the South Pacific and Guam, sought Chapter 11
protection (Bankr. D. Kan. Case No. 15-20951) in Kansas City on
May
7, 2015.  Robert Toelkes, the sole shareholder and manager, signed
the petition.  The Debtor disclosed total assets of $17.4 million
and total debts of $27.4 million.

The case is assigned to Judge Robert D. Berger.  The Debtor tapped
Stevens & Brand, LLP, as its counsel.  Foulston Siefkin, LLP,
serves as the Debtor's special litigation counsel.  Robert G.
Nath,
PLLC, represents the Debtor as special tax counsel.

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


ISLE OF CAPRI CASINOS: S&P Hikes Corp. Credit Rating to 'B+'
------------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on St. Louis-based Isle of Capri Casinos Inc. to 'B+'
from 'B'.  The rating outlook is stable.

At the same time, S&P raised all issue-level ratings one notch in
conjunction with the upgrade of the company.

"The upgrade reflects EBITDA growth so far in calendar 2015 that
exceeds our previous expectations due to revenue growth across most
of Isle's portfolio, efficient marketing spending compared to prior
years, and other good cost improvements," said Standard & Poor's
credit analyst Melissa Long.

S&P expects that a relatively stable consumer spending and
competitive operating environment will allow Isle to modestly grow
revenue and maintain the cost structure improvements it has
implemented.  As a result, S&P has raised its EBITDA forecast and
expect Isle will be able to improve adjusted debt to EBITDA to
around 5x by the end of fiscal 2016 (Isle's fiscal year ends the
last Sunday in April), in spite of slightly higher capital spending
needs for the development of a land-based facility in Bettendorf.
S&P had previously expected Isle to end fiscal 2016 with adjusted
debt to EBITDA in the low- to mid-5x area. Furthermore, S&P expects
Isle will generate meaningful discretionary cash flow in fiscal
2017 that will support further deleveraging to the mid- to high-4x
area, a forecasted range that is good compared to S&P's mid-5x
threshold and in line with an improved financial risk assessment to
"aggressive".  S&P believes the anticipated improvement in leverage
provides Isle with sufficient cushion compared to our mid-5x
threshold to withstand operating volatility that could arise from
adverse events like flooding that can have a meaningful impact on
Isle's portfolio of properties.

The stable rating outlook reflects S&P's expectation that Isle's
EBITDA will grow modestly and S&P's measure of adjusted debt to
EBITDA will improve to around 5x by the end of fiscal 2016 and to
the mid- to high-4x area in fiscal 2017, a forecasted range that is
good compared to S&P's mid-5x threshold at which it would lower
ratings.

S&P could raise the rating one notch to 'BB-' if it believes Isle
could sustain adjusted debt to EBITDA below the mid-4x area,
incorporating adverse weather events like flooding or regional
economic weakness.

While less likely, S&P could lower the rating if Isle meaningfully
underperforms S&P's operating forecast and we expect adjusted debt
to EBITDA to increase to and remain above the mid-5x area.  This
would likely result from greater-than-expected competitive
pressures or weather-related events, or an increased level of
capital expenditures or a shift in the company's financial policy
that resulted in lower discretionary cash flow generation.



JAMES RIVER: Seeks Oct. 7 Plan Filing Exclusivity Extension
-----------------------------------------------------------
James River Coal Company and its affiliated debtors ask the U.S.
Bankruptcy Court for the Eastern District of Virginia, Richmond
Division, to extend the exclusive periods within which they may
file a plan to Oct. 7, 2015, and the period to solicit acceptances
thereof, Dec. 7, 2015.

Henry P. (Toby) Long, III, Esq., at Hunton & Williams LLP, in
Richmond, Virginia, tells the Court that the Debtors seek these
extensions to avoid the necessity of having to formulate a plan
prematurely, and, furthermore, to ensure that their plan best
addresses the interests of the Debtors and their creditors and
estates.

The Debtors' attorneys can be reached at:

          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
          Telephone: (804)788-8200
          Facsimile: (804)788-8218
          E-mail: 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
          Telephone: (212)450-4000
          Facsimile: (212)607-7973
          E-mail: marshall.huebner@davispolk.com
                  brian.resnick@davispolk.com     
                  michelle.mcgreal@davispolk.com

                      About James River Coal

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.



KNOLL INC: S&P Affirmed Then Withdrew 'BB' Corp. Credit Rating
--------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'BB'
corporate credit rating on East Greenville, Pa.-based office and
home furnishings company Knoll Inc.  The outlook is stable.

S&P subsequently withdrew the rating at the company's request.

"We affirmed the rating because we believe the company's operating
performance, credit measures, and outlook remain largely unchanged
from May 2015, when we affirmed the 'BB' corporate credit rating on
the company," said Standard & Poor's credit analyst Gerald Phelan.

S&P then withdrew the rating at the company's request.



KORLEY SEARS: Summary Judgment Favoring Family Members Affirmed
---------------------------------------------------------------
The bankruptcy court granted summary judgment in favor of
appellees/claimants, Rhett R. Sears and Rhett R. Sears Revocable
Trust, Ronald H. Sears and Ronald H. Sears Trust, and Dane Sears,
and allowed their claims over the objections of debtor/appellant,
Korley B. Sears.  Senior District Judge Richard G. Kopf of the
United States District Court for the District of Nebraska, in a
memorandum and order dated Aug. 25, 2015, concluded that the
bankruptcy court's judgment should be affirmed.

The case is IN THE MATTER OF: KORLEY B. SEARS, (Chapter 11),
Debtor, CASE NO. 4:14CV3206, NO. BK 10-40277 (D. Neb.).  A
full-text copy of Judge Kopf's Decision is available at
http://is.gd/cBVJUqfrom Leagle.com.

Korley B. Sears, Debtor, represented by Brian J. Koenig, Esq. --
brian.koenig@koleyjessen.com -- KOLEY, JESSEN LAW FIRM & Jerrold L.
Strasheim, STRASHEIM LAW FIRM.

Rhett R. Sears, Interested Party, represented by Brian J. Koenig,
KOLEY, JESSEN LAW FIRM.

Rhett R. Sears Revocable Trust, Interested Party, represented by
Brian J. Koenig, KOLEY, JESSEN LAW FIRM.

Ronald H. Sears, Interested Party, represented by Brian J. Koenig,
KOLEY, JESSEN LAW FIRM.

Ron H. Sears Trust, Interested Party, represented by Brian J.
Koenig, KOLEY, JESSEN LAW FIRM.

Dane R. Sears, Interested Party, represented by Brian J. Koenig,
KOLEY, JESSEN LAW FIRM.

U.S. Trustee, Trustee, represented by Patricia M. Fahey, U.S.
TRUSTEE.


LDG MIDWAY: Order Denying Anti-SLAPP Motion Reversed
----------------------------------------------------
The Court of Appeals of California, 4th District, Division 1,
reversed the order denying the defendants' anti-SLAPP (strategic
lawsuit against public participation) motion in the case captioned
DON MERKIN, Plaintiff and Respondent, v. JULIAN OMIDI et al.,
Defendants and Appellants, NO. D067276 (Cal. Ct. App., 4th
District, Div. 1).

Don Merkin, an attorney, sued his former clients, ASC Capital
Management, Inc., San Diego Ambulatory Surgery Center, LLC, Julian
Omidi, and Ricky Oxman, an agent of the clients, for fraudulent
deceit and other claims in connection with a settlement agreement
over Merkin's unpaid fees. Merkin alleged that his former clients
defrauded him of a portion of his fees by misrepresenting and/or
suppressing material information to induce him to sign the
settlement agreement.

Defendants filed an anti-SLAPP motion to strike, which the trial
court denied.

The appellate court reversed the trial court's order denying the
defendants' motion to strike. It agreed with the defendants'
contention that any alleged misconduct was protected activity under
section 425.16, and Merkin cannot prevail on his claims because
settlement communications are covered by the litigation privilege,
Civil Code section 47, subdivision (b).

A copy of the July 6, 2015 opinion is available at
http://is.gd/XcGKNLfrom Leagle.com.

Weiss & Spees, Michael H. Weiss -- mw@weissandspees.com -- and
Laura J. Meltzer -- lm@weissandspees.com –- for Defendants and
Appellants.

Don Merkin, in pro. per., for Plaintiff and Respondent.


LEE COUNTY IDA: Fitch Affirms 'BB+' Rating on 2014 & 2012 Bonds
---------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating on the following bonds
issued by Lee County Florida Industrial Development Authority (IDA)
on behalf of Cypress Cove at HealthPark Florida, Inc. (Cypress
Cove):

-- $19.5 million series 2014;
-- $66 million series 2012.

The Rating Outlook is Stable.



LUCA INTERNATIONAL: Has Final Authority to Obtain $2MM DIP Loan
---------------------------------------------------------------
The United States Bankruptcy Court for the Southern District of
Texas, Houston Division, gave Luca International Group, LLC, and
its affiliates, final authority to borrow $2,000,000 in
postpetition financing from Schumann/Steier Holdings, LLC.

The proceeds of the DIP loan will be generally used to (1) finance
working capital needs; (2) pay fees, costs and expenses incurred in
the Chapter 11 cases; and (3) to pay interest to and the fees of
the DIP Lender.

The Debtors filed a notice of filing draft of Post-Petition
Superpriority Loan Agreement with the DIP Lender stating that the
Lenders committed up to $2,000,000.  Upon disbursement of the
Interim Draw, interest will accrue at the LIBOR Rate of 3% per
annum plus the 15% Application Margin or (i) the greater of the
outstanding balance of the loans or (ii) $1,000,000 until all
amounts owed by the Debtors under the DIP facility have been paid
in full.

In order to secure the Postpetition Debt, effective immediately
upon entry of the Interim Order, the DIP Lender will be granted
continuing, valid, binding, enforceable, non-avoidable, and
automatically and properly perfected postpetition security
interests in and liens, on all assets of the Debtors.  To the
extent permissible under the Bankruptcy Code, pursuant to Sec.
364(d)(1) of the Bankruptcy Code, the Postpetition Liens will be
senior in priority and superior to any security, mortgage
collateral interest, lien or claim on or to any of the Collateral.
Upon entry of the Interim Order, the DIP Lender will be granted,
pursuant to section 364(c)(1) of the Bankruptcy Code, an allowed
superpriority claim against each of the Debtors in the Chapter 11
cases and any successor cases for all Postpetition Debt.

The Debtors are represented by:

          Josh T. Judd, Esq.
          Edward L Rothberg, Esq.
          Brendetta Anthony Scott, Esq.      
          HOOVER SLOVACEK, LLP
          Galleria Tower II
          5051 Westheimer, Suite 1200
          Houston, TX 77056
          Tel: (713)735-4165
          Fax: (713)977-5395
          Email: judd@hooverslovacek.com
                 rothberg@hooverslovacek.com
                 scott@hooverslovacek.com

                  About Luca International

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

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

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

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

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


MIDWAY GOLD: Has Interim Use of Cash Collateral Until Sept. 18
--------------------------------------------------------------
Judge Michael E. Romero of the United States Bankruptcy Court for
the District of Colorado gave MDW Pan LLP  interim authority to use
cash collateral until September 18, 2015.

The Court, on June 25, 2015, signed the First Interim Order for the
Debtor to use the Cash Collateral, and the Secured Parties having
agreed to a 30-day extension of the terms of the First Interim
Order and the use of Cash Collateral and the Debtor having filed
that certain Supplemental Motion to Extend Interim Cash Collateral
Order pursuant to which the Debtors sought approval of this second
interim order.

The Debtor explained in court that they have an immediate need to
use the Cash Collateral to permit among other things, the orderly
continuation of its businesses, to maintain and generate the
confidence of its customers and vendors, and to preserve its going
concern value.

EPC Services Company, Inc., opposed the Motion, complaining that
the Motion assumes, without discussion, that the Secured Parties
have senior liens on the estates' assets, other than perhaps tax
and similar governmental liens.  EPC told the Court that it is in
the process of perfecting its mechanic's lien and, once perfected,
will hold a lien that is senior in priority to the lien of the
Secured Parties.  For that reason, the Motion does not adequately
protect its interests and should be denied, EPC asserted.

The Debtor said it needs interim authority to use cash collateral
through September 18 to allow it to finalize terms for the
consensual use of cash collateral on a final basis and to allow it
to make additional progress with their restructuring efforts.

Ledcor CMI Inc., in response to the Cash Collateral Request, said
it agrees that the additional period of time, as a practical
matter, is necessary for the Debtor.  The form of order, however,
should recite that: "the Court has not made any ruling with regard
to the needed evidentiary showing required of the secured lenders
establishing the need for the extensive terms of the interim order
to prevent a diminution of the secured lenders cash collateral, nor
met its burden to establish "need or cause" for exceptions to the
Court's own local rule," Ledcor asserted.

The final hearing to consider the use of Cash Collateral is
scheduled for Sept. 11, 2015, at 9:30 AM.

The Debtor is represented by:

          Stephen D. Lerner, Esq
          SQUIRE PATTON BOGGS (US) LLP
          221 E. Fourth Street, Suite 2900
          Cincinnati, OH 45202
          Tel: (513) 361-1200
          Fax: (513) 361-1201
          Email: Stephen.lerner@squirepb.com

             -- and --

          Nava Hazan, Esq.  
          SQUIRE PATTON BOGGS (US) LLP
          30 Rockefeller Plaza, 23rd Floor
          New York, NY 10112
          Tel: (212) 872-9800
          Fax: (212) 872-9815
          Email: Nava.hazan@squirepb.com

             -- and --

          Harvey Sender, Esq.
          SENDER WASSERMAN WADSWORTH, P.C.
          1660 Lincoln Street, Suite 2200
          Denver, Colorado 80264
          Tel: (303) 296-1999
          Fax: (303) 296-7600
          Email: dvw@sendwass.com

EPC Services Company is represented by:

          Peter W. Ito, Esq.
          ITO LAW GROUP LLC
          1550 Larimer Street, Suite 667
          Denver, CO 80202
          Tel: (720) 281-5294
          Email: peter@itolawgroup.com

Ledcor CMI Inc is represented by:

          Philip J. Giacinti, Jr., Esq.
          PROCOPIO, CORY, HARGREAVES & SAVITCH LLP
          600 Seventeenth Street, Suite 2800-South
          Denver, Colorado 80202
          Tel: (303) 892-1879
          Fax: (303) 623-0552
          Email: pjg@procopio.com

                         About Midway Gold

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

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

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

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

In July, the U.S. trustee overseeing the Debtors' cases appointed
seven creditors to serve on the official committee of unsecured
creditors.  The creditors are American Assay Laboratories, EPC
Services Company, InFaith Community Foundation, Jacobs Engineering
Group Inc., SRK Consulting (US) Inc., Sunbelt Rentals, and Boart
Longyear.

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


MIO DC LLC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: MIO DC, LLC
        110 Vermont Avenue NW
        Washington, DC 20005

Case No.: 15-00467

Chapter 11 Petition Date: September 4, 2015

Court: United States Bankruptcy Court
       for the District of Columbia (Washington, D.C.)

Judge: Hon. Martin S. Teel, Jr.

Debtor's Counsel: Stuart A Weinstein-Bacal, Esq.
                  WEINSTEIN-BACAL & MILLER PSC
                  154 Rafael Cordero Street
                  Gonzalez Padin Building PH, San Juan
                  PR 00901
                  Tel: 787-977-2550
                  Email: sawbacal@aol.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Manuel Iguina, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/dcb15-00467.pdf


NC12 INC: Tex. App. Affirms Ruling in Startup Venture Dispute
-------------------------------------------------------------
Christoph Henkel contends a trial court erred in denying his
special appearance because (1) he lacks the necessary minimum
contacts to support personal jurisdiction over him in Texas, and
(2) the trial court's exercise of jurisdiction over him does not
comport with fair play and substantial justice.

The interlocutory appeal arises from an order denying a special
appearance.  The underlying lawsuit arises from a failed coal
gasification startup venture, via a company headquartered in Texas.
The company declared bankruptcy in 2011, resulting in litigation
in the federal and state courts.  The suit stems from a partial
remand from a federal bankruptcy court in the Southern District of
Texas, Houston Division.  Emjo Investments, Ltd. and H.J. von der
Goltz, among other investors, sued Michael Sydow (a Texas resident
and Emjo's former president, CEO, and director) and other former
board members, including Christoph Henkel and John Preston.  The
plaintiff investors allege that Sydow, Henkel, and Preston
conspired to commit fraud against them, causing their investment
losses.

In an opinion issued Aug. 27, 2015, the Court of Appeals of Texas,
First District, Houston, affirmed the trial court's order.

The case is CHRISTOPH HENKEL, Appellant, v. EMJO INVESTMENTS, LTD.
AND H.J. VON DER GOLTZ, Appellees, NO. 01-14-00703-CV (Tex. App.).

A full-text copy of the Decision is available at
http://is.gd/SQkE1gfrom Leagle.com.

                        About NC12, Inc.

NC12, Inc. filed a voluntary Chapter 11 petition on Oct. 18, 2011
(Bankr. S.D. Tex. Case No. 11-38794).  The case was converted into
a Chapter 7 proceeding on March 27, 2012.  The Hon. Marvin Isgur
presides over the case.

The Debtor engages in the production of electricity, steam,
hydrogen, synthetic fuels, methane, transportation fuels, and
chemical feedstock from biomass, coal, and waste products.  It is
also involved in the commercialization of liquid metal catalytic
technology for the gasification of hydrocarbons into electricity,
synthetic fuels, and chemicals.  It has strategic partnerships
with Quantum Catalytics, LLC.  The Company was formerly known as
Texas Syngas, Inc.  NC12, Inc. was incorporated in 2006 and is
based in Houston, Texas.


NEW GOLD: S&P Affirms 'BB-' Corp. Credit Rating, Outlook Stable
---------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'BB-'
long-term corporate credit rating on Toronto-based gold producer
New Gold Inc.  The outlook is stable.

At the same time, Standard & Poor's revised its anchor on the
company to 'b+' from 'bb-', following its revision of New Gold's
financial risk profile to "aggressive" from "significant."

Standard & Poor's also affirmed its 'BB-' issue-level rating on the
company's senior unsecured notes.  The '3' recovery rating is
unchanged and corresponds with meaningful recovery (50%-70%
estimated recovery, at the higher end of the range) in a default
scenario.

"We have revised our financial risk profile on New Gold to
aggressive from significant based on our view that the company will
generate earnings and cash flow below our previous expectations,
resulting in higher leverage and lower cash flow core ratios," said
Standard & Poor's credit analyst Jarrett Bilous.  "However, we
continue to view the company's liquidity position as strong,
resulting in no change to the company's ratings," Mr. Bilous
added.

Based on New Gold's "weak" business risk profile, which is
unchanged, and "aggressive" financial risk profile, S&P derives a
'b+' anchor.  S&P continues to assess the company's liquidity as
"strong," which results in a one-notch uplift to the anchor,
resulting in a 'BB-' rating.

S&P's view of New Gold's financial risk profile as "aggressive"
incorporates S&P's expectation that leverage and coverage ratios
will remain at levels considered favorable for this assessment.
However, the assessment is tempered by S&P's expectation for the
company to generate negative free operating cash flow generation
over the next several years that, in S&P's view, adds financial
risk--particularly if gold prices further weaken.  In addition, S&P
expects the company's credit measures will remain sensitive to
modest changes in volatile metals prices, albeit to a lesser degree
than many gold producing peers.

S&P lowered its earnings and cash flow estimates over this period
to reflect the downward revision to S&P's gold and copper price
assumptions.

S&P's assessment of New Gold's business risk profile as "weak"
primarily reflects S&P's view of the company's limited operating
diversity, modest scale of production, and reliance on volatile
gold, silver, and copper prices.

The stable outlook on New Gold reflects Standard & Poor's view that
New Gold will generate adjusted debt-to-EBITDA of close to 3.5x
over the next 12 months.  S&P also expects the company to maintain
strong liquidity over this period despite expected negative free
operating cash flow generation related to high discretionary
capital expenditures, notably related to its Rainy River project.

S&P could lower the rating in the event the company's adjusted
debt-to-EBITDA ratio increases to about 4x and FFO-to-debt declines
to about 20%.  In S&P's view, this could result from unexpected
operational disruptions, higher-than-expected costs, or weaker
metals prices.  S&P could also lower the rating if it revises New
Gold's liquidity assessment to "adequate."

Although unlikely in the next year, S&P could consider a positive
rating action if New Gold continues to enhance its operating
profile by adding producing assets that improve cash flow diversity
and reserve life, resulting in a stronger business risk assessment.
In this scenario, S&P would also expect the company to sustain a
debt-to-EBITDA ratio below 3x and FFO-to-debt above 30%.



NEW YORK LIGHT: Panel Wants Until Sept. 30 to Probe Transactions
----------------------------------------------------------------
The Official Committee of Unsecured Creditors submitted a limited
objection to New York Light Energy, LLC's use of cash collateral
and asked the U.S. Bankruptcy Court for the Northern District of
New York to direct the Debtor to extend until Sept. 30, 2015, the
time for filing avoidance actions.

According to the Committee, it retained Emerald Capital advisors
Corp as its financial advisor to investigate the financial
transactions involving the Debtor and the Limited Fund it created.
The Committee hopes to accomplish its investigation by Sept. 30,
2015.

As reported in the Troubled Company Reporter on Aug. 21, 2015, the
Committee filed a limited objection to the Debtor's request for
final authority to use cash collateral.  The Committee sought
language in the final order clarifying that to the extent M&T Bank
is made whole in its postpetition lending through the mechanism of
receiving a Bill of Sale as contemplated in the Fund III Master
Lease Agreement, that any remaining cash
surplus will be made available to fund distributions to unsecured
creditors as may be provided for in a Plan of Confirmation or
otherwise and is not subject to the Cash Collateral Agreement or
Final Cash Order.

The Committee asserted that it needed to share in whatever carve
out is provided in the Final Cash Order so that it can adequately
report the interests of general unsecured creditors by evaluating
any reorganization proposal and/or sale by the Debtor.  The Debtor
asks for a $100,000 carve out for its professionals as well.

As reported in the TCR on July 27, 2015, Judge Robert E.
Littlefield, Jr., gave the Debtor interim authority to use cash
collateral securing their prepetition indebtedness from
Manufacturers and Traders Trust Company.

The Debtors are authorized to incur postpetition indebtedness to
the limited extent that: (a) advances made by the Lender to Light
Energy Fund, III, L.P., after the Petition Date pursuant to the
Fund Loan Agreements will be secured, covered, and included within
the scope of repayment of: (i) the Debtor Guaranties, and (ii) the
Debtor Security Agreements, and (iii) the Post-Petition Energy
Lien, and (b) the Debtors will comply with their obligations
pursuant to the Fund Loan Agreements with respect to the
Postpetition LEF Advances.

                  About New York Light Energy

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

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

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


NGPL PIPECO: S&P Lowers Issuer Credit Rating to CCC-, Outlook Neg
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its issuer
credit and senior secured ratings on NGPL PipeCo LLC to 'CCC-' from
'CCC'.  The outlook is negative.  The recovery rating is unchanged
at '3'.  The '3' rating indicates "meaningful" (50% to 70%; lower
half of the range) expectation of principal recovery if a default
occurs.

This downgrade is attributable to rapidly weakening liquidity.
During the second quarter, the issuer fully drew its revolving
credit facility, leaving about $9 million in cash on hand as of
June 30, 2015.  With amortization, interest, and capital spending
needs coming during the next few months, as well as general working
capital flows, S&P expects that NGPL may have insufficient cash
from its operations to satisfy these needs and may fully exhaust
liquidity by the end of the year.  Although a sale at a favorable
rate could mitigate this concern, S&P believes this is now
unlikely.

"An equity infusion could also forestall bankruptcy for some period
of time, though this is also unlikely, in our opinion," said
Standard & Poor's credit analyst Michael Ferguson.

Lenders have waived financial covenants through the end of the
second quarter of 2015.  S&P assumes that they will resume
thereafter, at which point the issuer could be in jeopardy of
breaching these covenants, though the company has a limited number
of opportunities to remedy such breaches with equity cures; there
is currently cash held above the pipeline level for this purpose.
Even if the company manages to sustain itself owing to unexpectedly
strong performance or capital infusions this year, S&P notes that
it faces $1.9 billion of debt coming due in 2017. With this
considerable magnitude of leverage, refinancing these balances
could be very challenging.

The negative outlook on NGPL reflects S&P's expectation that the
company will continue to face challenging business conditions,
leading to adjusted debt to EBITDA and EBITDA-to-interest ratios in
the 10x and 1.2x areas, respectively.  Its liquidity profile will
likely weaken further during 2015 due to continued market pressure,
with liquidity possibly being exhausted by the end of the year or
shortly thereafter.



NORTH AMERICAN LIFTING: Moody's Lowers Corp. Family Rating to 'B3'
------------------------------------------------------------------
Moody's Investors Service downgraded North American Lifting
Holdings, Inc.'s (operating as "TNT Crane & Rigging") corporate
family rating to B3 from B2 and its probability of default to B3-PD
from B2-PD.  The downgrade reflects the deterioration in TNT's
operating results and credit metrics, the company's constrained
liquidity, as well as the expectation that TNT's credit profile
will remain weak over the next 12 to 18 months.  The rating outlook
has been revised to negative from stable.

This is a summary of Moody's ratings and rating actions taken for
North American Lifting Holdings, Inc. ("TNT"):

   -- Corporate Family Rating ("CFR"), downgraded to B3 from B2;

   -- Probability of Default Rating, downgraded to B3-PD from B2-
      PD;

   -- $470 million first lien term loan (includes $65 million
      incremental term loan), downgraded to B2(LGD3) from B1
      (LGD3);

   -- $75 million first lien revolving credit facility, downgraded

      to B2(LGD3) from B1 (LGD3);

   -- $185 million second lien term loan (includes $20 million
      incremental term loan), downgraded to Caa2(LGD5) from Caa1
      (LGD5);

   -- Rating outlook revised to negative from stable.

RATINGS RATIONALE

As of June 30, 2015, TNT's adjusted debt/EBITDA was 8.8x,
significantly above our downgrade triggers.  Additionally, EBITDA
to interest expense was 1.5x, again surpassing our downgrade
triggers.  TNT's funds from operations to debt was 5%.  All of
these key credit metrics deteriorated compared to FYE 2014 figures.
Overall, TNT's B3 CFR is consistent with the company's
deterioration in operating performance and key credit metrics under
a challenging operating environment, which included record rainfall
and labor strikes in several of TNT's main geographies, coupled
with low oil prices.  Although significant infrastructure spending
in the US oil and gas segment backed a robust growth in this sector
during the last five years, Moody's is now seeing sizeable spending
cuts in the exploration and production sector.  This trend is
likely to work against companies such as TNT Crane. The rating also
reflects the expectation that TNT's oil & gas end markets will
continue to underperform during our time horizon. Although the
company has shown sufficient flexibility to adapt to these
circumstances with management proactively redeploying resources to
other end markets such as wind energy maintenance, these moves are
yet to make up for the loss in revenue thus far. Moody's expects
TNT to close 2015 near the $300 million revenue mark with EBITDA
approaching $80 million.  The rating is further constrained by the
TNT's limited liquidity and its relatively small revenue base and
limited geographic reach.

TNT's B3 CFR also accounts for the company's recurring revenue from
maintenance for refineries and petrochemical facilities, which
partially mitigates some of the negative considerations above
mentioned.  The ratings further recognize the considerable barriers
to entry into the crane rental and services business that TNT
operates in.

OUTLOOK:

The negative outlook reflects concerns about TNT's ability to
improve operating performance enough to offset its top-line sales
drop and successfully boost its key credit metrics in the next 12
to 18 months.

What could change the rating -- UP:

An upgrade for TNT at this time is unlikely.  A stable outlook
would be possible if EBITDA to interest expense is sustained above
3.0x with adjusted Debt/EBITDA steadily below 5.0x (all ratios
incorporate Moody's standard adjustments).

What could change the rating -- DOWN:

A downgrade could ensue if actions taken by TNT fail to improve
operating performance such that EBITDA to interest expense declines
below 2.0x and adjusted Debt/EBITDA remains above 7.0x. Significant
debt-financed acquisitions or other shareholder-friendly actions
that could affect TNT's liquidity profile will also adversely
affect the ratings.

Corporate Profile:

North American Lifting Services, Inc., operating as TNT & Rigging
("TNT"), provides lifting equipment rental services for oil and
gas, commercial, construction, and industrial markets in North
America.  The company is headquartered in Houston, Texas and its
customers include downstream, midstream, power, and upstream end
companies including refineries, petrochemical facilities, and power
plants.  TNT has 38 branches and more than 600 cranes including
hydraulic truck/all-terrain cranes and crawler cranes in North
America.  Revenues for the LTM period ended June 30, 2015 were $305
million.

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



NORTHWEST BANCORPORATION: Chapter 11 Case Closed
------------------------------------------------
U.S. Bankruptcy Judge Carol has approved the closing of Northwest
Bancorporation of Illinois, Inc.'s Chapter 11 case effective Aug.
26, 2015.

The Court finds that the Reorganized Debtor's estate has been fully
administered within the meaning of Section 350 of the Bankruptcy
Code and the Debtor has satisfied all U.S. Trustee fees.

                  About Northwest Bancorporation

Northwest Bancorporation of Illinois, Inc., formerly known as
Hershenhorn Bancorporation, Inc., is a bank holding company that
owns 100 percent of the outstanding shares of First Bank and Trust
Company of Illinois, a single-branch bank in Palatine, Illinois.
Approximately 90 percent of Northwest Bancorporation's equity is
owned by Robert Hershenhorn and his family.

Northwest Bancorporation commenced a Chapter 11 bankruptcy case
(Bankr. N.D. Ill. Case No. 15-15245) in Chicago, Illinois, on April
29, 2015.  The case is assigned to Judge Carol A. Doyle.

The Debtor tapped Kirkland & Ellis LLP as counsel, and River Branch
Capital LLC as financial advisor.

The Debtor disclosed $20.3 million in assets and $51.3 million in
liabilities as of the Chapter 11 filing.

Northwest Bancorporation won approval from the U.S. Bankruptcy
Court of its Prepackaged Chapter 11 Plan of Reorganization.  Judge
Carol A. Doyle on May 21, 2015, entered an order confirming the
Prepackaged Plan.



O.W. BUNKER: District Court May Hear Interpleader Actions
---------------------------------------------------------
On November 13, 2014, O.W. Bunker USA, Inc., O.W. Bunker Holding
North America Inc., and O.W. Bunker North America Inc. (the "U.S.
Debtors") filed voluntary petitions for Chapter 11 relief in the
United States Bankruptcy Court for the District of Connecticut.
Since November 20, 2014, several interpleader actions involving
fuel bunker transactions made through an O.W. Bunker Entity have
been filed in or transferred to the Southern District of New York
and referred to the district court.

While each case involves different parties, slightly different
facts, and, to some extent, unique legal issues, District Judge
Valerie Caproni found that the district court has subject matter
jurisdiction over the Interpleader Actions. She held that under 28
U.S.C. Section 1333, the Interpleader Actions are properly brought
pursuant to the Court's admiralty and maritime jurisdiction, and
that under 28 U.S.C. Section 1335, the Court has subject matter
jurisdiction to adjudicate the claims in each of the Interpleader
Actions.  Judge Caproni also held that under 28 U.S.C. Section
2361, the Court may restrain all "claimants" from instituting or
prosecuting any proceeding that may "affect" the subject matter of
the interpleader to "protect the stakeholder from vexatious and
multiple litigation."

A copy of the July 1, 2015 memorandum opinion and order is
available at http://is.gd/hSM09Ffrom Leagle.com.

The case is captioned UPT POOL LTD., Plaintiff, v. DYNAMIC OIL
TRADING (SINGAPORE) PTE. LTD., O.W. BUNKER USA INC., O.W. BUNKER
NORTH AMERICA INC., O.W. BUNKER HOLDING NORTH AMERICA INC., HARLEY
MARINE SERVICES, INC., ING BANK N.V., Defendants. BIRCH SHIPPING
LTD., Plaintiff, v. O.W. BUNKER CHINA LTD. (HK), O.W. BUNKER USA
INC., O.W. BUNKER NORTH AMERICA INC., O.W. BUNKER HOLDING NORTH
AMERICA INC., O.W. BUNKER & TRADING A/S, CHEMOIL LATIN AMERICA,
INC., ING BANK N.V., Defendants. CLEARLAKE SHIPPING PTE LTD.,
Plaintiffs, v. O.W. BUNKER (SWITZERLAND) SA, O.W. BUNKER USA INC.,
O.W. BUNKER NORTH AMERICA INC., O.W. BUNKER HOLDING NORTH AMERICA
INC., WESTOIL MARINE SERVICES, INC., ING BANK N.V., Defendants.
CLEARLAKE SHIPPING PTE LTD, Plaintiff, v. O.W. BUNKER (SWITZERLAND)
SA, O.W. BUNKER USA INC., O.W. BUNKER NORTH AMERICA INC., O.W.
BUNKER HOLDING NORTH AMERICA INC., NUSTAR ENERGY SERVICES INC., ING
BANK N.V., Defendants. BONNY GAS TRANSPORT LIMITED, as owner of the
LNG FINIMA (IMO No. 7702401), Plaintiff, v. O.W. BUNKER GERMANY
GMBH, NUSTAR TERMINALS MARINE SERVICES N.V., NUSTAR ENERGY
SERVICES, INC., ING BANK N.V., Defendants. MT CAPE BIRD
TANKSCHIFFAHRTS GMBH & CO. KG, individually and on behalf of M/T
CAPE BIRD (IMO No. 9260067), Plaintiff, v. O.W. USA INC., O.W.
NORTH AMERICA INC., HARLEY MARINE SERVICES, INC., ING BANK N.V.,
Defendants. SHV GAS SUPPLY & RISK MANAGEMENT SAS AND EXMAR SHIPPING
BVBA, as owner of the WAREGEM (IMO No. 9659127), Plaintiffs, v.
O.W. BUNKER USA, INC., O.W. BUNKER HOLDING NORTH AMERICA INC., O.W.
BUNKER NORTH AMERICA INC., NUSTAR ENERGY SERVICES, INC., ING BANK
N.V., Defendants. HAPAG-LLOYD AKTIENGESELLSCHAFT, Plaintiff, v.
U.S. OIL TRADING L.L.C., O.W. BUNKER GERMANY GMBH, O.W. BUNKER &
TRADING A/S, ING BANK N.V., CREDIT AGRICOLE S.A., Defendants. OSG
SHIP MANAGEMENT, INC., and 1372 TANKER CORPORATION as owner of the
M/V OVERSEAS MULAN (IMO NO. 9230880), Plaintiffs, v. O.W. BUNKER
USA INC., O.W. BUNKER MIDDLE EAST DMCC, CHEMOIL CORPORATION,
CHEMOIL MIDDLE EAST DMCC, GPS CHEMOIL LLC FZC, ING BANK N.V.,
Defendants. HAPAG-LLOYD AKTIENGESELLSCHAFT, Plaintiff, v. O'ROURKE
MARINE SERVICES L.P., L.L.P., O.W. BUNKER GERMANY GMBH, O.W. BUNKER
USA, INC., ING BANK N.V., Defendants. CONTI 149 CONTI GUINEA,
individually and on behalf of M/T CONTI GUINEA (IMO No. 9391402),
Plaintiff, v. O.W. BUNKER PANAMA S.A., O.W. BUNKER USA INC.,
CLEMENTI PARK SHIPPING CO. PTE LTD., ING BANK N.V., Defendants. NYK
BULK & PROJECT CARRIERS LTD., individually and on behalf of M/V
OCEAN FRIEND (IMO No. 9401829), Plaintiff, v. O.W. BUNKER USA INC.,
NUSTAR ENERGY SERVICES, INC., HARLEY MARINE GULF, INC., ING BANK
N.V., Defendants. NIPPON KAISHA LINE LIMITED, individually and on
behalf of M/V RIGEL LEADER (IMO No.9604940), Plaintiff, v. O.W.
BUNKER USA INC., NUSTAR ENERGY SERVICES, INC., KIRBY INLAND MARINE
LP, ING BANK N.V., Defendants. HAPAG-LLOYD AKTIENGESELLSCHAFT,
Plaintiff, v. O.W. BUNKER NORTH AMERICA, INC., O.W. BUNKER GERMANY
GMBH, O.W. BUNKER USA, INC., ING BANK N.V., Defendants. APL CO. PTE
LTD and AMERICAN PRESIDENT LINES, LTD., individually and on behalf
of M/V APL SALALAH (IMO No. 9462029), M/V APL ENGLAND (IMO No.
9218650), M/V APL OAKLAND (IMO No. 9332250), M/V APL SOUTHHAMPTON
(IMO No. 9462017), M/V APL THAILAND (IMO No. 9077123), M/V APL
CHINA (IMO No. 9074389), M/V APL EGYPT (IMO No. 9196905), M/V APL
PHILIPPINES (IMO No. 9077276), and, M/V APL YANGSHAN (IMO No.
9462031), Plaintiffs, v. O.W. BUNKER FAR EAST (SINGAPORE) PTE. LTD,
O.W. BUNKER USA INC., O.W. BUNKER NORTH AMERICA INC., WESTOIL
MARINE SERVICES, INC., ING BANK N.V., Defendants. CANPOTEX SHIPPING
SERVICES LIMITED, individually and on behalf of M/V GLOBAL PHOENIX
(IMO No. 9565053), M/V CMB GIULIA (IMO No. 9588419), and M/V ASTON
TRADER II (IMO No. 9392731), Plaintiffs, v. O.W. BUNKERS (UK)
LIMITED, O.W. SUPPLY & TRADING A/S, CHEVRON MARINE PRODUCTS LLC,
ING BANK N.V., Defendants. STAR TANKERS INC, individually and on
behalf of M/V SHARON SEA (IMO No. 9316232), Plaintiff, v. O.W.
BUNKER PANAMA S.A., O.W. BUNKER USA INC., O.W. BUNKER NORTH AMERICA
INC., O.W. BUNKER HOLDING NORTH AMERICA INC., ING BANK N.V.,
Defendants. SK SHIPPING CO., LTD., and SK B&T PTE. LTD.,
individually and on behalf of M/V AZURIT (IMO No. 9551703),
Plaintiffs, v. NUSTAR ENERGY SERVICES, INC., O.W. BUNKER MIDDLE
EAST DMCC, O.W. BUNKER USA INC., ING BANK N.V., Defendants. SIGMA
TANKERS INC, individually and on behalf of M/V DUBAI ATTRACTION
(IMO No. 9422536), M/V ORCHID (IMO No. 9624079), Plaintiffs, v.
O.W. BUNKER PANAMA S.A., O.W. BUNKER USA INC., O.W. BUNKER NORTH
AMERICA INC., O.W. BUNKER HOLDING NORTH AMERICA INC., ING BANK
N.V., Defendants. BAERE MARITIME LLC, individually and on behalf of
M/V YASA GOLDEN HORN (IMO No. 9334040), Plaintiff, v. O.W. BUNKER
PANAMA S.A., O.W. BUNKER USA INC., O.W. BUNKER NORTH AMERICA INC.,
O.W. BUNKER HOLDING NORTH AMERICA INC., ING BANK N.V., Defendants.
MSC MEDITERRANEAN SHIPPING COMPANY S.A., Plaintiff, v. O.W. BUNKER
NORTH AMERICA INC., O.W. BUNKER USA, INC., O.W. BUNKER
(SWITZERLAND) S.A., ING BANK N.V., HARLEY MARINE NY, INC.
Defendants. O.W. BUNKER USA INC. and O.W. BUNKER NORTH AMERICA
INC., Plaintiffs, v. COSCO PIRAEUS, I.M.O. NO. 9484364, her
engines, tackle, equipment, and furnishings, in rem, Defendant.
O.W. BUNKER USA INC., Plaintiff, v. M/V BAKKEDAL in rem, Defendant.
KAWASAKI KISEN KAISHA, LTD and CATALINA SHIPPING SA, as owner of
the M/V Bremen Bridge (IMO No. 9367188), Plaintiffs, v. O.W. BUNKER
MIDDLE EAST DMCC, O.W. BUNKER NORTH AMERICA, INC., ING BANK N.V.,
HARLEY MARINE NY, INC., and PAUL DAVID COPLEY, IAN DAVID GREEN AND
ANTHONY VICTOR LOMAS IN THEIR CAPACITIES AS JOINT RECEIVERS OF THE
SECURITY ASSETS, Defendants, NOS. 14-CV-9262 (VEC), 14-CV-9282
(VEC), 14-CV-9286 (VEC), 14-CV-9287 (VEC), 14-CV-9542 (VEC),
14-CV-9646 (VEC), 14-CV-9720 (VEC), 14-CV-9949 (VEC), 14-CV-9973
(VEC), 14-CV-10027 (VEC), 14-CV-10089 (VEC), 14-CV-10090 (VEC),
14-CV-10091 (VEC), 15-CV-00190 (VEC), 15-CV-00620 (VEC), 15-CV-1351
(VEC), 15-CV-2090 (VEC), 15-CV-2141 (VEC), 15-CV-2733 (VEC),
15-CV-2734 (VEC), 15-CV-3221 (VEC), 15-CV-3471 (VEC), 15-CV-3988
(VEC), 15-CV-4138 (VEC) (S.D.N.Y.).

UPT Pool Ltd., Plaintiff, represented by James H. Power --
james.power@hklaw.com -- Holland & Knight LLP & Marie Elizabeth
Larsen -- marie.larsen@hklaw.com -- Holland & Knight LLP.

O.W. Bunker USA Inc., O.W. Bunker North America Inc., and O.W.
Bunker Holding North America Inc., Defendants, represented by
Vincent M. DeOrchis -- vdeorchis@mmwr.com -- Montgomery, McCracken,
Walker & Rhoads, LLP, Kaspar Kielland -- kkielland@mmwr.com --
Montgomery, McCracken, Walker & Rhoads, LLP & Robert Eugene
O'Connor -- roconnor@mmwr.com -- Montgomery, McCracken, Walker &
Rhoads, LLP.

ING Bank N.V., Defendant, represented by Bruce G. Paulsen --
paulsen@sewkis.com -- Seward & Kissel LLP & Brian Paul Maloney --
maloney@sewkis.com -- Seward & Kissel LLP.

O.W. Bunker North America Inc., O.W. Bunker Holding North America
Inc., and O.W. Bunker USA Inc., Cross Claimants, represented by
Vincent M. DeOrchis, Montgomery, McCracken, Walker & Rhoads, LLP,
Kaspar Kielland, Montgomery, McCracken, Walker & Rhoads, LLP &
Robert Eugene O'Connor, Montgomery, McCracken, Walker & Rhoads,
LLP.

ING Bank N.V., Cross Defendant, represented by Bruce G. Paulsen,
Seward & Kissel LLP & Brian Paul Maloney, Seward & Kissel LLP.

ING Bank N.V., Counter Claimant, represented by Bruce G. Paulsen,
Seward & Kissel LLP & Brian Paul Maloney, Seward & Kissel LLP.

UPT Pool Ltd., Counter Defendant, represented by James H. Power,
Holland & Knight LLP & Marie Elizabeth Larsen, Holland & Knight
LLP.


OMNICARE INC: S&P Hikes Corp. Credit Rating From BB, Outlook Stable
-------------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Omnicare Inc. to 'BBB' from 'BB'.  The outlook is
stable.

At the same time, S&P raised the rating on the senior unsecured
notes to 'BBB' from 'BBB-' and the senior unsecured debentures to
'BBB' from 'B+'.  S&P also raised the rating on the subordinated
debt to 'BBB-' from 'B+'.

"The rating upgrade is based on our belief that, post-close of its
acquisition by CVS, Omnicare is a highly strategic subsidiary of
CVS," said Standard & Poor's credit analyst Michael Berrian.  This
is based on S&P's expectation that Omnicare is unlikely to be sold
by CVS, it operates in a line of business that is similar to CVS
and integral to CVS' strategy, and that it has a long-term
commitment from senior management.  However, given that Omnicare is
significantly smaller in size than CVS and is unlikely to be fully
integrated into CVS S&P do not believe that Omnicare is likely to
be a core subsidiary of CVS, which is why S&P's rating on Omnicare
is one-notch lower than CVS.

The stable outlook reflects S&P's expectation that Omnicare will
not be sold by CVS since it operates in a similar industry and,
therefore, will remain a highly strategic subsidiary of CVS.  It
also reflects S&P's belief that CVS will continue to perform in
line with its base-case expectations of $160 billion of revenues
and almost $5 billion of free operating cash flow in 2016.

S&P could lower the rating on Omnicare if CVS' performance is below
S&P's base-case expectations or if a more aggressive financial
policy results in maintenance of leverage at more than 3x at CVS.
A lower rating could also occur if S&P believed that Omnicare was
no longer a highly strategic subsidiary of CVS.

S&P could raise the rating if it believed that Omnicare was instead
a core subsidiary of CVS or, in the less likely scenario, that CVS
achieved a sustained improvement to its financial risk profile with
debt to EBITDA of almost 2x and funds from operations to total debt
of 30%.



PATRIOT COAL: Has Until Dec. 8, 2015 to Assume or Reject Leases
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Virginia
granted Patriot Coal Corporation, et al., extension until Dec. 8,
2015, to assume or reject unexpired leases of nonresidential real
property.  The Court considered the Debtors' extension motion at a
hearing on Aug. 31, 2015.


                        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
debtsecurities 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: Has Until Jan. 7, 2016 to File Chapter 11 Plan
------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Virginia
extended Patriot Coal Corporation, et al.'s exclusive periods to
file a Chapter 11 plan until Jan. 7, 2016; and solicit acceptances
for that plan until March 7.

The Court considered the matter at a hearing on Aug. 31, 2015.

The Debtors, in their motion, noted that maintaining the exclusive
right to file a plan and solicit votes thereon is critical to their
ability to complete their restructuring process and achieve their
remaining goals as efficiently and expeditiously as possible.

The extension of the exclusivity periods will afford the Debtors
and their stakeholders needed time to complete these initiatives
and consummate the restructuring transactions already in progress.


The Debtors are represented by:

         Michael A. Condyles, Esq.
         Peter J. Barrett, Esq.
         Jeremy S. Williams, Esq.
         KUTAK ROCK LLP
         Bank of America Center
         1111 East Main Street, Suite 800
         Richmond, VA 23219-3500
         Tel: (804) 644-1700
         Fax: (804) 783-6192

                 - and -

         Stephen E. Hessler, Esq.
         Patrick Evans, Esq.
         KIRKLAND & ELLIS LLP
         601 Lexington Avenue
         New York, NY 10022
         Tel: (212) 446-4800
         Fax: (212) 446-4900

                 - and -

         James H.M. Sprayregen, P.C.
         Ross M. Kwasteniet, Esq. (admitted pro hac vice)
         KIRKLAND & ELLIS LLP
         300 North LaSalle
         Chicago, Illinois 60654
         Tel: (312) 862-2000
         Fax: (312) 862-2200

                        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.


PERESETSKY INVESTMENTS: Case Summary & 5 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Peresetsky Investments, LLC
        3833 West Broad St.
        Columbus, OH 43228

Case No.: 15-55804

Chapter 11 Petition Date: September 4, 2015

Court: United States Bankruptcy Court
       Southern District of Ohio (Columbus)

Judge: Hon. Kathryn C. Preston

Debtor's Counsel: James E Nobile, Esq.
                  NOBILE & THOMPSON CO., L.P.A.
                  4876 Cemetery Road
                  Hilliard, OH 43026
                  Tel: 614-529-8600
                  Fax: 614-529-8656
                  Email: lahennessy@ntlegal.com

Total Assets: $1.5 million

Total Liabilities: $864,500

The petition was signed by Dmitry Peresetsky, managing member.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/ohsb15-55804.pdf


PREMIER GOLF: Should Move Forward With Dismissal, Says Cottonwood
-----------------------------------------------------------------
Secured creditor Cottonwood Cajon ES, LLC, objected to Premier Golf
Properties LP's notice of withdrawal of its motion to (1) approve
forbearance and settlement agreement with Cottonwood; and (2)
dismiss the bankruptcy case.

According to Cottonwood, the notice of withdrawal is procedurally
defective.  The Debtor cannot unilaterally withdraw its Rule 9019
Motion without leave of Court: relief which it has neither sought
nor obtained.

Furthermore, Cottonwood avers that the Court must grant the Rule
9019 motion on the merits, thereby approving the Debtor's
settlement agreement with Cottonwood and dismissing the case.
Cottonwood says that the agreement is binding, irrevocable, and
enforceable.  It does not require Court approval.  Withdrawing the
motion to approve does not negate the agreement, Cottonwood tells
the Court.

                       Dismissal Request

As reported in the Troubled Company Reporter on Aug. 14, 2015,
the Debtor, in its motion, alleged that the core issue in the
proceeding is that between Far East National Bank and the Debtor
and that dispute was the trigger event for the commencement of the
Chapter 11 case and is the subject of a pending California Superior
Court action  against the guarantor which remains unsolved.  The
Debtor told the Court that Far East National Bank had sold,
transferred and assigned its note and deed of trust to Cajon ES,
who has had no involvement in the dispute.  The Debtor further
tells the Court that the issues outstanding between it and Cajon ES
had been resolved and that they had both entered into a Forbearance
and Settlement Agreement.

The forbearance and settlement agreement provides for these terms:

     (1) Premier and Cajon acknowledge and agree that the principal
sum due at June 18, 2015 is  $16,891,939 million.

     (2) Premier will pay, on the latter of the date upon which the
Court approves the settlement set forth herein and orders the
dismissal of the Chapter 11 proceeding or Oct. 21, 2015, whichever
occurs later, an interim payment of $6,500,000.  Said Interim
Payment will not be applied to the Current Balance unless and until
the entire Current Balance due is paid.  Should the Interim Payment
not be paid when due on Oct. 21, 2015, then Cajon ES may conduct a
non-judicial foreclosure on that date or as soon thereafter as the
same may be scheduled;

     (3) Premier will make 24 monthly payments in the amount of
$40,000 each commencing on June 18, 2015 for a total of $960,000.
Each monthly payment will be due on the 18th of each month
thereafter and the final monthly payment shall be due on May 18,
2017.  In the event of an uncured default which results in a
foreclosure by Cajon ES all payments made under the Agreement will
be credited to the note balance in accord with the terms of the
Agreement;

     (4) Premier will pay the current balance of $16,891,939 plus
all interest accrued as set forth in the Agreement on or before May
21, 2017.  Interest will accrue on the Current Balance at a rate
of 3.75% per annum up to Feb. 28, 2016 and at the rate of 8.75
thereafter;

     (5) Upon the condition that Premier fully performs all of the
obligations set forth in the Agreement, Cajon ES shall, upon
receipt of the final payment, deliver to Premier the original loan
agreement, promissory note and deed of trust duly endorsed as paid
in full together with a deed of re-conveyance of the deed of trust
and cancellation of all security interests;

     (6) Premier will pay all past due and current real estate
taxes, which are estimated to be $2,500,000, on or before Dec. 10,
2015.  Upon the making of the real estate tax payment in a timely
fashion, guarantor Henry Gamboa will be released from his guarantee
of all obligations of Premier to Cajon ES.  Should said real estate
property taxes be paid earlier, guarantor Henry Gamboa shall be
released when payment is made and posted by the San Diego County
Assessor/Tax Collector;

      (7) Upon execution of the agreement and satisfaction of the
conditions set forth above, Cajon ES agrees to dismiss that certain
suit now pending in the Superior Court of the County of San Diego
without prejudice and with the statute of limitations being tolled.
Should the Superior Court decline to accept a stipulation and
proposed order relative to dismissal and tolling, the Superior
Court suit will be stayed and continued with an order to show cause
re: dismissal until May 21, 2017.  Moreover the Superior Court suit
will be dismissed with prejudice upon payment of all real estate
taxes due.

     (8) Upon execution of the agreement Premier will forthwith
move to dismiss the Chapter 11 proceeding under Federal Rule of
Bankruptcy Procedure 9019.

Jack F. Fitzmaurice, Esq., at Fitzmaurice & Demergian, in Chula
Vista, California, tells the Court that the precipitating event as
to the initiation of the Chapter 11 case was the dispute and
consequent threat of foreclosure by Cajon ES as Far East National
Bank's successor. He says that the compromise removes that
precipitating cause and will allow the Debtor to pay its creditors
much more rapidly.

A full-text copy of the Forbearance and Settlement Agreement dated
July 22, 2015, is available at http://is.gd/kmitNf

                  About Premier Golf Properties

Premier Golf Properties, LP filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Cal. Case No. 15-01068) on Feb. 24, 2015.  Daryl
Idler signed the petition as secretary of Premier Golf Property
Management Inc, general partner.  Jack Fitzmaurice, Esq., at
Fitzmaurice & Demergian, represents the Debtor as counsel.

Premier Golf Properties LP disclosed $44,363,923 in assets and
$19,228,427 in liabilities as of the Chapter 11 filing.



PUTNAM ENERGY: Cash Collateral Hearing Continued Until Oct. 7
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
continued until Oct. 7, 2015, at 10:30 a.m., the hearing to
consider Putnam Energy, L.L.C.'s use of cash collateral in which
Bridgeview Bank Group asserts an interest.

As reported in the TCR on May 13, 2015, Bridgeview Bank Group has a
judgment against the Debtor in the sum of $1,763,622 as of April
16, 2014, which accrues interest at the statutory rate of 9% per
annum plus attorneys' fees and costs.  Bridgeview Bank Group
asserts a security interest in all of the property of Debtor's
estate.  As adequate protection from any diminution in value of the
lender's collateral, the Debtor will grant the lender replacement
liens, and a superpriority claim.

                        About Putnam Energy

Putnam Energy, L.L.C., a company with power plant and pipeline
assets, sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
15-08733) on March 11, 2015, in Chicago, Illinois, after it failed
to reach a forbearance agreement with its lender.

The Debtor disclosed $10,394,596 in assets and $2,283,218 in
liabilities as of the Chapter 11 filing.

The case is assigned to Judge Carol A. Doyle.  Terrence O'Malley,
manager and CEO, signed the petition.  The Debtor is represented
by Douglas S Draper, Esq., at Heller, Draper, Patrick, Horn &
Dabney, LLC, in New Orleans, as counsel.



PUTNAM ENERGY: Has Until Oct. 6, 2015 to File Reorganization Plan
-----------------------------------------------------------------
The Hon. Carol A. Doyle of the U.S. Bankruptcy Court for the
Northern District of Illinois extended Putnam Energy, L.L.C.'s
exclusive periods to file a plan of reorganization until Oct. 6,
2015, and solicit acceptances for that plan until Dec. 7.

                       About Putnam Energy

Putnam Energy, L.L.C., a company with power plant and pipeline
assets, sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
15-08733) on March 11, 2015, in Chicago, Illinois, after it failed
to reach a forbearance agreement with its lender.

The Debtor disclosed $10,394,596 in assets and $2,283,218 in
liabilities as of the Chapter 11 filing.

The case is assigned to Judge Carol A. Doyle.  Terrence O'Malley,
manager and CEO, signed the petition.  The Debtor is represented
by Douglas S Draper, Esq., at Heller, Draper, Patrick, Horn &
Dabney, LLC, in New Orleans, as counsel.



PUTNAM ENERGY: Has Until Sept. 12 to Decide on Unexpired Leases
---------------------------------------------------------------
The Hon. Carol A. Doyle of the U.S. Bankruptcy Court for the
Northern District of Illinois extended until Sept. 12, 2015, Putnam
Energy, L.L.C.'s time to assume or reject unexpired non-residential
leases.

The Debtor requested that the Court extend the time for the Debtor
to assume or reject any and all leases and other agreements until
Oct. 7, 2015.

                        About Putnam Energy

Putnam Energy, L.L.C., a company with power plant and pipeline
assets, sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
15-08733) on March 11, 2015, in Chicago, Illinois, after it failed
to reach a forbearance agreement with its lender.

The Debtor disclosed $10,394,596 in assets and $2,283,218 in
liabilities as of the Chapter 11 filing.

The case is assigned to Judge Carol A. Doyle.  Terrence O'Malley,
manager and CEO, signed the petition.  The Debtor is represented
by Douglas S Draper, Esq., at Heller, Draper, Patrick, Horn &
Dabney, LLC, in New Orleans, as counsel.



PUTNAM ENERGY: Status Hearing on Plan Filing on Oct. 7
------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
continued until Oct. 7, 2015, at 10:30 a.m., the status hearing
regarding Putnam Energy, L.L.C.'s filing of a chapter 11 plan and
disclosure statement.

In August, the bankruptcy judge entered an order extending until
Oct. 6, 2015, the Debtor's deadline to file a Chapter 11 plan, and
until Dec. 7, 2015, the period to solicit acceptances of that
plan.

                        About Putnam Energy

Putnam Energy, L.L.C., a company with power plant and pipeline
assets, sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
15-08733) on March 11, 2015, in Chicago, Illinois, after it failed
to reach a forbearance agreement with its lender.

The Debtor disclosed $10,394,596 in assets and $2,283,218 in
liabilities as of the Chapter 11 filing.

The case is assigned to Judge Carol A. Doyle.  Terrence O'Malley,
manager and CEO, signed the petition.  The Debtor is represented
by Douglas S Draper, Esq., at Heller, Draper, Patrick, Horn &
Dabney, LLC, in New Orleans, as counsel.



RAIDER MARINE: 5th Cir. Affirms Judgment Against Comar
------------------------------------------------------
Comar Marine, LLC sued four vessel-owning LLCs for breach of
contract after the LLCs decided to terminate their contract with
Comar for management of their vessels. JPMorgan Chase Bank and
Allegiance Bank Texas, who provided the financing for the vessel
purchases, intervened to defend their preferred ship mortgages.

The district court granted summary judgment in favor of JPMorgan
and Allegiance and held that (1) the vessel-owning LLCs materially
breached the agreements by terminating without cause, (2) the
termination fee in the agreements was penal and thus unenforceable,
(3) Comar did not have valid maritime liens on the vessels, and (4)
Comar wrongfully arrested the vessels.

The appellate court affirmed, finding that the district court did
not clearly err in its judgment.

A copy of the July 6, 2015 decision is available at
http://is.gd/2pYajFfrom Leagle.com.

The United States Court of Appeals for the Fifth Circuit affirmed a
district court decision in the case captioned COMAR MARINE,
CORPORATION, Plaintiff, v. RAIDER MARINE LOGISTICS, L.L.C., ETC.,
Defendant. CONQUEROR MARINE LOGISTICS, L.L.C., Plaintiff, JP MORGAN
CHASE BANK, N.A., Intervenor Plaintiff-Appellee, v. COMAR MARINE,
L.L.C., formerly known as Comar Marine, Corporation, formerly known
as Nautical Offshore Corporation, Defendant-Intervenor
Defendant-Appellant. COMAR MARINE, CORPORATION, formerly known as
Nautical Offshore Corporation, Plaintiff Intervenor
Defendant-Appellee Cross-Appellant, v. RAIDER MARINE LOGISTICS,
L.L.C., in personam; CONQUEROR MARINE LOGISTICS, L.L.C., in
personam; ENFORCER MARINE LOGISTICS, L.L.C., in personam
Defendants-Appellees, MARAUDER MARINE LOGISTICS, L.L.C., in
personam; TRACY P. LIRETTE, in personam; CHRIS ST. AMAND, in
personam, Defendants-Appellants Cross-Appellees, JP MORGAN CHASE
BANK, N.A.; ALLEGIANCE BANK TEXAS Intervenor Plaintiffs-Appellees.
CONQUEROR MARINE LOGISTICS, L.L.C.; RAIDER MARINE LOGISTICS,
L.L.C.; ENFORCER MARINE LOGISTICS, L.L.C., Plaintiffs-Appellants
Cross-Appellees, JP MORGAN CHASE BANK, N.A. Intervenor
Plaintiff-Appellee, v. COMAR MARINE, L.L.C., formerly known as
Comar Marine, Corporation, formerly known as Nautical Offshore
Corporation, Defendant Intervenor Defendant-Appellee
Cross-Appellant, NO. 13-30156, CONSOLIDATED WITH 13-30819 (5th
Cir.)


RAILYARD COMPANY: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Railyard Company, LLC
        A New Mexico Limited Liability Company
        500 Market St.
        Santa Fe, NM 87501

Case No.: 15-12386

Chapter 11 Petition Date: September 4, 2015

Court: United States Bankruptcy Court
       District of New Mexico (Albuquerque)

Debtor's Counsel: William F. Davis, Esq.
                  WILLIAM F. DAVIS & ASSOCIATES, P.C.
                  6709 Academy NE, Suite A
                  Albuquerque, NM 87109
                  Tel: 505-243-6129
                  Fax: 505-247-3185
                  Email: daviswf@nmbankruptcy.com

Total Assets: $13.85 million

Total Liabilities: $11.22 million

The petition was signed by Richard Jaramillo, managing member.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
1st Defense Fire Protection          Vendor Debt         $3,504

Allied Refrigeration                 Vendor Debt           $610

ATI Security                        Fire Panel and       $2,478
                                 Fire System Service

EZTV Install                         Vendor Debt        $12,534

Kone Elevators, Inc.                   Elevator          $1,528
                                     Maintenance

Lameraux Crane Services               Vendor Debt        $1,102

R&E Glass Company                     Vendor Debt        $4,848

RBA Architecture Planning Design      Vendor Debt        $5,000

Reaction Consulting/Phil              Consultant        $63,281

Rubin Katz Law Firm                   Legal Fees        $44,402

Sanchez, Mowrer & Desiderio, PC       Legal Fees        $31,385

Santa Fe County Treasurer              Leasehold       $140,777
                                       Interest

Santa Fe Sustainable Living           Contractor        $40,000

Sommer Law Firm                       Legal Fees       $145,270

Split Mechanical                   Fire Suppression     $11,410
                                        System

Sturm & Associates                     CPA Fees         $15,313

Thermal Design and Control            Vendor Debt       $48,000

TLC Plumbing                          Vendor Debt        $3,372

Travelers Insurance                    Insurance        $10,000

Verizon Wireless                    Utility-Phones       $1,369


REBEL LAND: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Rebel Land, LLC
        9067 W. Post Road, Suite A
        Las Vegas, NV 89148

Case No.: 15-15134

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: September 4, 2015

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

Judge: Hon. Aug. B. Landis

Debtor's Counsel: Jason M. Gerber, Esq.
                  MARQUIS AURBACH COFFING
                  10001 Park Run
                  Las Vegas, NV 89145
                  Tel: 702-207-6097
                  Fax: 702-856-8923
                  Email: jgerber@maclaw.com

Total Assets: $3.3 million

Total Liabilities: $2.7 million

The petition was signed by Michael DeSilva, authorized
representative.

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


RECOVERY CENTERS: Amends Schedule F in SALs
-------------------------------------------
Recovery Centers of King County filed with the U.S. Bankruptcy
Court for the Western District of Washington an amended schedule of
creditors holding unsecured non-priority claims (Schedule F).  A
full-text copy of the document is available for free at:

   http://bankrupt.com/misc/RecoveryCenters_166_amendedSAL_F.pdf

The Debtor disclosed total assets of $10.6 million and total
liabilities of $5.07 million in a prior iteration of the
schedules.

                      About Recovery Centers

Recovery Centers of King County -- http://www.rckc.org/-- provided

Central Seattle and South King County residents with a continuum
of
care for those who suffer with alcoholism or other drug
addiction.

RCKC filed a Chapter 11 case (Bankr. W.D. Wash. Case No. 15-13060)
on May 15, 2015.  

Judge Timothy W. Dore presides over the case.  The Debtor tapped
Jeffrey B Wells, Esq., at Wells and Jarvis, P.S., in Seattle, as
counsel.   The Debtor disclosed total assets of $32,462,383 and
total liabilities of $17,184,837 as of the Chapter 11 filing.

The Debtor's Chapter 11 plan contemplates the sale of its real
estate located at 464 - 12th Ave S, Seattle, Washington, 1701 18th
Ave. S, Seattle, WA and 505 Washington Ave. S., Kent, Washington.
The Debtor will sell real property located at 464 12th Avenue, in
Seattle, Washington, to Low Income Housing Institute for $4.1
million.

Bank of America, N.A., is the Debtor's secured lender.

The U.S. Trustee for Region 18 appointed five creditors to serve
in
the Official Unsecured Creditors Committee.  The Committee is
represented by Nagler Law Group, P.S.


RECOVERY CENTERS: Granted Final Approval to Use BoA Cash Collateral
-------------------------------------------------------------------
U.S. Bankruptcy Judge Timothy Dore has authorized, on a final
basis, Recovery Centers of King County to use the cash collateral
in which Bank of America has an interest in accordance with a
budget.

In addition to the equity cushion on the Debtor's real estate and
the conditions on Debtor's use of cash and other collateral, as
adequate protection for use of cash collateral, Bank of America is
granted liens and security interests upon all property of the
estate.

                      About Recovery Centers

Recovery Centers of King County -- http://www.rckc.org/-- provided
Central Seattle and South King County residents with a continuum of
care for those who suffer with alcoholism or other drug addiction.

RCKC filed a Chapter 11 case (Bankr. W.D. Wash. Case No. 15-13060)
on May 15, 2015.  

Judge Timothy W. Dore presides over the case.  The Debtor tapped
Jeffrey B Wells, Esq., at Wells and Jarvis, P.S., in Seattle, as
counsel.

The Debtor's Chapter 11 plan contemplates the sale of its real
estate located at 464 - 12th Ave S, Seattle, Washington, 1701 18th
Ave. S, Seattle, WA and 505 Washington Ave. S., Kent, Washington.
The Debtor will sell real property located at 464 12th Avenue, in
Seattle, Washington, to Low Income Housing Institute for $4.1
million.

Bank of America, N.A., is the Debtor's secured lender.

The U.S. Trustee for Region 18 appointed five creditors to serve in
the Official Unsecured Creditors Committee.  The Committee is
represented by Nagler Law Group, P.S.



REEVES DEVELOPMENT: Court Approves Settlement with Iberiabank
-------------------------------------------------------------
Judge Robert Summerhays of the United States Bankruptcy Court of
the Western District of Louisiana, Lake Charles Division, approved
the forbearance and settlement agreement between Reeves Development
Company, LLC, Reeves Commercial Properties, LLC, Suzanne Reeves,
Charles Reeves, and MMA, Inc., on the one hand, and Iberiabank
Corporation, Cameron Banc-Shares, Inc., and Morgan S. Harmison, on
the other hand.

The basic terms of the Settlement Agreement, include, among
others:

   1. Dismissal of Litigation Against Bank/Execution of Bank
Release.  On the Effective Date, all of the Reeves Parties (with
the exception of MMA) will promptly move to dismiss, with
prejudice, the RDC Adversary, the RCP Adversary and the Removed
Suit as to the Bank, CSB and CBS and each of the Reeves Parties.

   2. Dismissal of Litigation against Harmison/Execution of Mutual
Release.  On the Effective Date, all of the Reeves Parties (with
the exception of MMA) will promptly move to dismiss, with
prejudice, the RDC Adversary, the RCP Adversary and the Removed
Suit as to Harmison provided that Harmison will have executed a
mutual release releasing each of Harmison, and his successors, and
releasing the Reeves Parties and their officers, directors,
employees, and agents, from any and all liability to Harmison.

   3. Agreed Balance.  The Bank will reduce the total aggregate
debt/liability of all of the Reeves Parties to Bank to the amount
of $7,200,000.

   4. Amendment of Proofs of Claim. The Bank will promptly amend
the RDC POC and the RCP POC to reflect the Agreed Balance only and
reflect that the Agreed Balance is non-interest bearing.

   5. New Payment Terms for Agreed Balance. The Agreed Balance
will
not bear interest and will be repaid by the Reeves Parties to the
Bank as follows:

     a. A lump sum payment of not less than $3,000,000 will be
paid
on or before September 30, 2015.

     b. A lump sum payment of not less than $3,700,000 will be
paid
on or before March 1, 2016.

     c. The Reeves Parties acknowledge and agree that they will
pay
to Bank $1.00/cubic yard of material sold from the RDC 397 Tract,
without deduction or setoff of any nature or kind.

     d. A final lump sum payment of the lesser of: (i)
$500,000.00;
or (ii) if Bank has received either the Dirt Royalty, the Excess
or
the Second Excess, the remaining unpaid amount of the Agreed
Balance will be paid on or before June 30, 2016.

Reeves Development Company, LLC and Reeves Commercial Properties,
LLC are represented by:

          William E. Steffes, Esq.
          Steffes, Vingiello & McKenzie, LLC
          13702 Coursey Blvd., Building 3
          Baton Rouge, Louisiana 70817
          Tel: (225) 751-1751
          Fax: (225) 751-1998
          E-mail: bsteffes@steffeslaw.com

                About Reeves Development

Reeves Development Company, LLC, a commercial and residential
real estate developer, filed a Chapter 11 petition (Bankr. W.D.
La.Case No. 12-21008) in Lake Charles, Louisiana, on Oct. 30,
2012. The closely held developer was founded in 1998 by Charles
Reeves  Jr., its sole owner. Reeves Development has about 80
employees  and generates about $40 million in annual revenue,
according to its Web site.

Bankruptcy Judge Robert Summerhays oversees the case. Arthur
A. Vingiello, Esq., at Steffes, Vingiello & McKenzie, LLC, in
Baton Rogue, Louisiana, represents the Debtor as counsel.

Reeves Development scheduled assets of $15,454,626 and
liabilities of $20,156,597 as of the Petition Date.

Affiliate Reeves Commercial Properties, LLC (Bankr. W.D. La.
Case No. 12-21009) also sought court protection.

The Bankruptcy Court approved on Feb. 21 the adequacy
of information in the Amended Disclosure Statement explaining
the Debtor's Plan of Reorganization dated Dec. 31, 2013. The
Court has not set a confirmation hearing. Instead, the Court set
a status conference for March 20, 2014.

A full-text copy of the Dec. 31 version of the Amended Disclosure
Statement is available for free at:
http://bankrupt.com/misc/REEVESDEV_AmdDSDec31.PDF


RENAULT WINERY: Empire, OceanFirst Object to Bidding Procedures
---------------------------------------------------------------
Empire Tax Fund IV, L.L.C., and OceanFirst Bank objected to the
motion filed by Renault Winery, Inc., and its affiliated debtors,
which asked the U.S. Bankruptcy Court for the District of New
Jersey, Vicinage of Camden, to approve the sale of their assets
free and clear of all liens.

Empire asserts that as a tax lien holder, it holds a first priority
lien superior to all other liens except subsequent municipal taxes.
It contends that a real estate tax lien is a continuous and first
priority lien on lands, and there is no non-bankruptcy law that
permits the sale of property free of the tax liens.

OceanFirst makes its objection based on the following:

     (a) The Debtors have no plausible basis for not paying its
lien at closing since the terms of payment of its lien have been
provided for in their settlement agreement.

     (b) The Bid Procedures, Asset Purchase Agreement and
accompanying documents do not address certain nuances in the event
OceanFirst elects to make a credit bid of its Judgment.  

     (c) The Bid Procedures and Motion do not adequately disclose
and provide protections to assure the Debtor does not accept a bid
which is inconsistent with the Settlement Agreement and preserve
OceanFirst's right to implement its stay relief order to conduct a
sheriff's sale, if none of the bids would satisfy the minimum
payment to the Bank.

Empire Tax Fund IV is represented by:

          Adam D. Greenberg, Esq.
          HONIG & GREENBERG, L.L.C.
          1949 Berlin Road, Suite 200
          Cherry Hill, NJ 08003-3737
          Telephone: (856)770-0990
          Facsimile: (856)770-8511
          Email: agreenberg@hgllclaw.com
                
OceanFirst Bank is represented by:

          Neal M. Ruben, Esq.
          NMR 8313 LAW OFFICES
          179 Avenue at the Common, Suite 201
          Shrewsbury, NJ 07702
          Telephone: (732)460-0007

                        Sale Motion

As reported in the Aug. 25, 2015 edition of the TCR, the Debtors
are seeking approval of bidding procedures in connection with the
proposed sale of substantially all of their assets.

Equity Partners HG LLC will assist the Debtors in accomplishing the
sale of their assets, pursuant to their Court-approved retention
agreement.

The Debtors propose this timeline:

  -- The bid deadline is Sept. 18, 2015;

  -- An auction will be conducted on Sept. 22, 2015, if they
receive at least one qualified bid; and

  -- The Debtors seek to close on the sale not later than Oct. 15,
2015 which is the deadline for making the reduced payment to the
Bank under the terms of the Bank Settlement Agreement.

                       About Renault Winery

Renault Winery, Inc., and its affiliates own and operate a hotel,
two restaurants, a golf course, and a winery.  The hotel is located
in Egg Harbor City, N.J., and the other businesses are located on
adjacent property in Galloway Township, N.J.  Renault Winery has
served South Jersey as a winery and restaurant facility for the
past 150 years.  Joseph Milza and his wife, Geraldine, took over
the operations of Renault Winery in 1974.

The companies that operate the businesses are Renault Winery Inc.
(winery, restaurant and gift shop), Renault Golf LLC (golf course),
and Tuscany House LLC (hotel, restaurant, and banquet facility).
Renault Realty Co., Renault Winery Property LLC, and Renault Winery
Inc., own the real estate on which the businesses operate, as well
as other real estate in the immediate area.

Renault Winery, Inc., and four affiliates sought Chapter 11
protection (Bankr. D.N.J. Lead Case No. 14-33075) in Camden, New
Jersey, on Nov. 13, 2014.  The cases are assigned to Judge Andrew
B. Altenburg Jr.

The Debtors tapped Subranni Zauber LLC as counsel.

Renault Winery disclosed total assets of $11.3 million and total
debt of $8.59 million.



RENAULT WINERY: Seeks Approval of OceanFirst Settlement
-------------------------------------------------------
Renault Winery, Inc., and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of New Jersey to approve their
settlement agreement with Joseph and Geraldine Milza, and
OceanFirst Bank.

Prepetition, OceanFirst made two loans to Debtors; the first loan
was in the original principal amount of $6,554,000 and the second
in the original amount of $200,000 (the "Loans").

As security for payment of the Loans, Renault Winery Properties
LLC, Renault Winery, Inc. and Renault Realty Co., LLC executed
Mortgages and Assignments of Leases and Rents (the "Real Estate
Collateral Documents") to OceanFirst on the real estate on which
Debtors operate their businesses (the Bank's "Collateral Real
Property").

Renault also provided to OceanFirst a Security Agreement and
Uniform Commercial Code Financing Statement, granting the Bank a
blanket lien on substantially all of Renault’s personal property
assets and proceeds thereof (the "Real Estate Collateral Property"
and the "Collateral Personal Property" are collectively referred to
herein as (the "Collateral").

The Milzas executed and delivered to OceanFirst their personal
guarantees, in which they agreed to pay all sums owed by Renault on
the Loans.  

Subsequently, Renault defaulted under the Loans in July 2013.

OceanFirst commenced foreclosure proceedings in the New Jersey
Superior Court against the Collateral Real Property and a Final
Judgment in Foreclosure was entered on Aug. 1, 2014 in the amount
of $7,723,547 plus counsel fees of $54,408, for a total judgment of
$7,777,955 (the "Foreclosure Judgment").

OceanFirst also commenced legal proceedings in the New Jersey
Superior Court on the promissory note, and to replevy the
Collateral Personal Property; on August 1, 2014 a final money
judgment was entered jointly and severally against the Debtors and
the Milzas in the amount of $7,886,257 (the "Money Judgment").

The Debtors have retained Equity Partners HG LLC to seek
an equity investor, a refinancing lender, or a purchaser of the
Debtors’ assets and businesses (the “Going Concern”).  The
Bankruptcy Court has authorized the Debtors' retention of Equity
Partners.

Equity Partners and the Debtors’ management are currently
facilitating due diligence with interested parties

Pursuant to Rule 9019 of the Federal Rules of Bankruptcy Procedure,
the Debtors seek Bankruptcy Court approval of the settlement, which
provides for these terms:

     (a) Payment of OceanFirst's Judgment.  On or before Oct. 15,
2015, from the new proceeds of a transaction involving the Going
Concern (the "Transaction"), OceanFirst will be paid the sum of
money by wire transfer equal to (i) $6.4 million from the net
proceeds up to $8.5 million and (ii) 64.7% of the net proceeds in
excess of $8.5 million up to the dollar amount due under the Money
Judgment.

     (b) Stay Relief Order is to be Immediately Entered.
Simultaneously with the execution of the Agreement, the Debtors
agree that they will execute and deliver to the Bank a consent
order in the Bankruptcy Cases granting OceanFirst relief from the
automatic stay as to all of the Bank's Collateral Real and
Collateral Personal Property, which are subject to OceanFirst's
security interest.

     (c) Cash Collateral Order.  The Debtors agree that they will
not make a motion or otherwise apply to further modify the Cash
Collateral Order at any time prior to Sept. 7, 2015.  If after the
conclusion of the marketing campaign and any bidding process the
highest bidder would yield a lower sum to the Bank than the Payment
as defined in the Agreement, then OceanFirst, in its sole
discretion, may agree to accept less than the Payment amount,
credit bid its judgment, or elect to implement the Stay Relief
Order for disposition of its Collateral Real and Personal Property.
The Debtors will disclose to OceanFirst all offers they, or their
marketing professionals receive regarding the Going Concern.

     (d) Superior Court Proceedings: Consent Order for Turnover of
Funds Levied against Bank Accounts.  Contemporaneously with the
execution of the Agreement, the Milzas will execute and deliver to
the Bank a Consent Order providing for the turnover of the funds
levied upon in the Milza Wells Fargo Bank Account in the amount of
$99,956.  Upon Approval of the Agreement by the Bankruptcy Court
the Parties will submit the Consent Order to the Superior Court of
New Jersey requesting its immediate entry.  The Consent Order will
provide for the release of $2,514 of the $102,470 to Milza, along
with all subsequently deposited funds representing social security
income.

     (e) Superior Court Proceedings: Consent Order Permitting Ocean
First to Levy Upon Real Property of Milza.  Milza will execute and
deliver to OceanFirst a Consent Order Permitting the Bank to levy
upon the condominium in South Seaside Park known as Kings Gate
Condominium, Units C-2 and C-3, Lots 302 and 303, Block 1717.241.
Upon approval of the Bankruptcy Court of the Agreement, the parties
shall submit the Consent Order to the Superior Court of New Jersey
requesting its immediate entry.

     (f) Forgiveness of Deficiency Balance.  Upon receipt of the
Payment of a minimum of $6.4 million by the date provided for in
the  Agreement, the Debtors and Milza will be forgiven from the
balance owed under the OceanFirst Judgment/Loans.

     (g) Deficiency Balance.  Upon receipt of the payment of a
minimum of $6.4 million, the Debtor and Milzas will be forgiven
from the balance owed under the Judgment.

Scott M. Zauber, Esq., at Subranni Zauber LLC, in Marlton, New
Jersey, relates that the settlement agreement is the result of
substantial negotiation among the parties.  He further relates that
its approval, which is required and essential for the sale of the
Collateral to occur, will allow the Debtors' Chapter 11 cases to
continue and the Debtors to continue operating their businesses
pending a sale or other transaction.  Mr. Zauber notes that any
sale of Debtors' assets is contingent upon the Settlement Agreement
being approved.  He adds that in exercising their business
judgment, the Debtors have decided that the Settlement Agreement is
in the best interest of the Debtors' estates and their creditors
and the best opportunity to maximize the return to creditors.

The Debtors' attorneys can be reached at:

          John P. Leon, Esq.
          Scott M. Zauber, Esq.
          Margaret A. Holland, Esq.
          SUBRANNI ZAUBER LLC
          750 Route 73 South – Suite 307B
          Marlton, NJ 08053
          Telephone: (609)347-7000
          Facsimile: (609)345-4545
          E-mail: jleon@subranni.com
                  szauber@subranni.com
                  mholland@subranni.com

                       About Renault Winery

Renault Winery, Inc., and its affiliates own and operate a hotel,
two restaurants, a golf course, and a winery.  The hotel is located
in Egg Harbor City, N.J., and the other businesses are located on
adjacent property in Galloway Township, N.J.  Renault Winery has
served South Jersey as a winery and restaurant facility for the
past 150 years.  Joseph Milza and his wife, Geraldine, took over
the operations of Renault Winery in 1974.

The companies that operate the businesses are Renault Winery Inc.
(winery, restaurant and gift shop), Renault Golf LLC (golf course),
and Tuscany House LLC (hotel, restaurant, and banquet facility).
Renault Realty Co., Renault Winery Property LLC, and Renault Winery
Inc., own the real estate on which the businesses operate, as well
as other real estate in the immediate area.

Renault Winery, Inc., and four affiliates sought Chapter 11
protection (Bankr. D.N.J. Lead Case No. 14-33075) in Camden, New
Jersey, on Nov. 13, 2014.  The cases are assigned to Judge Andrew
B. Altenburg Jr.

The Debtors tapped Subranni Zauber LLC as counsel.

Renault Winery disclosed total assets of $11.3 million and total
debt of $8.59 million.



RIVERWALK JACKSONVILLE: Reorganization Plan Confirmed
-----------------------------------------------------
U.S. Bankruptcy Judge Laurel Isicoff has approved the Disclosure
Statement and confirmed the Second Amended Plan of Reorganization
of Riverwalk Jacksonville Development, LLC, dated July 17, 2015.

The Plan contemplates that the Debtor will pay all Allowed Claims
in full, either upon the Brickell South Closing Date (the Effective
Date of the Plan), or at the Alliance Closing Date.  Funding will
be derived from the Sale Proceeds of the Brickell South Transaction
and the Alliance Transaction, and the ongoing income generated by
the RJD Properties pending closing of both transactions.  On the
Effective Date, taxes and tax certificates will be paid in full on
three of the four properties (Riverplace, Prudential and West
Parking), the Sabadell Claim and the U.S. Century Claim will be
paid in full in the amounts as agreed, the NonInsider Allowed
Unsecured Creditors will be paid in full, the Allowed Priority
Claim of the Internal Revenue Service will be paid in full, and the
Allowed Priority Claim of the Florida Department of Revenue will be
paid in full.  Thereafter, upon closing of the Alliance Transaction
about eight months later, Administrative professional fees and
costs, as approved by the Court, tax claims on the East Parking Lot
Parcel (which Parcel is included in the Alliance Transaction but
not the Brickell South Transaction), and Allowed Insider Unsecured
Claims, will be paid in full.  As well, at that time, there will be
a distribution to Equity.  
The Plan provides for full payment of all Administrative Expense
Claims with the United States Trustee paid on the Effective Date,
and remaining Allowed Administrative Expenses, including fees and
costs awarded to Debtor's counsel, to be paid in full on closing of
the Alliance Transaction.

The Plan does not affect Equity as all Allowed Creditors will be
paid in full on the Effective Date except for the Allowed Insider
Unsecured Claims, and all the tax creditors will be paid in full on
the Effective date except the tax creditors on the East Parking Lot
Parcel which will be paid upon the Alliance Closing Date,
consistent with 11 U.S.C. § 1129(a)(9)(C).

The Plan is deemed Effective, and will be deemed consummated upon
the closing of the Brickell South Transaction.  That the Plan is
deemed Effective and consummated will not affect the Reorganized
Debtor's obligation to proceed with the Alliance Transaction and to
make final distributions under the Plan which will derive from the
Alliance Transaction.

Both the Brickell South Transaction and the Alliance Transaction
provide that each sale is to proceed free and clear of all liens,
claims and encumbrances, with all liens, claims and encumbrances to
attach to proceeds of sale.  The proceeds of each sale will be
distributed as set forth in the Plan.

After consummation of the Brickell South Transaction and the
Alliance Transaction, the Debtor will still own a small western
section of the East Parking Lot Parcel.  All Allowed Creditors will
have been paid in full.

The Plan does not address the distribution of excess funds to
equity from the Alliance Transaction.

In addition, this Plan provides for the disposition of the Chart
House Lease pursuant to the Chart House Adversary Litigation.  In
addition to terminating the holdover tenancy, the Debtor believes
that it has a claim against CHLN based upon its failure to pay the
appropriate pro rata share of real estate taxes and its failure to
pay double rent as a holdover tenant since January 2007.  To the
extent that there is a recovery from the Chart House Adversary
Litigation prior to the Alliance Closing Date, such recovery will
be applied to the Distributions required by this Plan to be made
upon the Alliance Closing Date.

In the event that the Court does not determine that the CHLN Lease
was terminated by the unauthorized assignment of the Ground Lease
to CHLN, Inc., the Plan provides for the rejection of the Chart
House Lease.  Even in that instance, the Debtor believes that
CHLN/Landry’s would owe the Debtor real estate taxes, and
CHLN/Landry’s should not have an Allowed Claim against the Debtor
for its alleged overpayment of real estate taxes.

A copy of the Disclosure Statement is available for free at:

                       http://is.gd/CJF9ee

             About Riverwalk Jacksonville Development

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

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



RIVIERA DRILLING: Gunnison's Bid to Junk Buccaneer Suit Denied
--------------------------------------------------------------
Senior District Judge Richard P. Matsch of the United States
District Court for the District of Colorado denied Gunnison Energy
Corporation's motion for summary judgment as to the issues of
release and res judicata, and denied the motion for summary
judgment of SG Interests I, Ltd., and SG Interests VII, Ltd., as to
the issues of res judicata and statute of limitations, in the case
captioned BUCCANEER ENERGY (USA) INC., a Nevada corporation,
Plaintiff, v. GUNNISON ENERGY CORPORATION, a Delaware corporation,
SG INTERESTS I, LTD., a Texas limited partnership, and SG INTERESTS
VII, LTD., a Texas limited partnership, Defendants, CIVIL ACTION
NO. 12-CV-01618-RPM (D. Colo.).

Gunnison contends that Buccaneer's claims against Gunnison in the
action were released by a settlement agreement dated April 20,
2014.  That settlement agreement resolved an adversary proceeding
related to the Chapter 11 bankruptcy proceeding of Riviera Drilling
& Exploration Company.  Gunnison contends the release language in
that agreement encompasses Buccaneer's claims against Gunnison in
THE action, asserting that Buccaneer is an "affiliate" of the
Thurners and the present action relates to Riviera.  Judge Matsch
rejected the argument, holdining that the settlement agreement does
not express any intent to release Buccaneer's claims in its action
and Gunnison has not established that Buccaneer is an "affiliate"
of Scott Thurner or "the Thurner parties" as that term is defined
in the settlement agreement.

A full-text copy of Judge Matsch's Decision dated Aug. 21, 2015, is
available at http://is.gd/frCRCsfrom Leagle.com.

Buccaneer Energy (USA) Inc., Plaintiff, represented by Ronald L.
Wilcox, Peters Mair Wilcox, Daniel M. Reilly, Esq. --
dreilly@rplaw.com -- Reilly Pozner, L.L.P. & Stephen C. Peters,
Peters Mair Wilcox.

Gunnison Energy Corporation, Defendant, represented by Timothy R.
Beyer, Esq. -- tim.beyer@bryancave.com -- Bryan Cave LLP & Kathryn
Reed DeBord, Esq. -- katie.debord@bryancave.com -- Bryan Cave LLP.

Gunnison Energy Corporation, a Delaware corporation, Defendant,
represented by Peter John Korneffel, Jr., Esq. --
peter.korneffel@bryancave.com -- Bryan Cave LLP & Sarah Levine
Hartley, Esq. -- sarah.hartley@bryancave.com -- Bryan Cave LLP.

SG Interests, I, Ltd., a Texas limited partnership, Defendant,
represented by L. Poe Leggette, Esq. -- pleggette@bakerlaw.com --
Baker & Hostetler, LLP.

SG Interests, I, Ltd., Defendant, represented by Mark Simeon
Barron, Esq. -- mbarron@bakerlaw.com -- Baker & Hostetler, LLP &
Rosario Clarissa Doriott Dominguez, Esq. --
rdoriottdominguez@bakerlaw.com -- Baker & Hostetler, LLP.

SG Interests VII, Ltd., a Texas limited partnership, Defendant,
represented by L. Poe Leggette, Baker & Hostetler, LLP.

SG Interests VII, Ltd., Defendant, represented by Mark Simeon
Barron, Baker & Hostetler, LLP & Rosario Clarissa Doriott
Dominguez, Baker & Hostetler, LLP.

Riviera Drilling & Exploration Company filed for Chapter 11
bankruptcy (Bankr. D. Colo. Case No. 10-11902) on February 2,
2010.  The Debtor employed Kutner Miller Brinen, P.C., as
bankruptcy counsel.

The Troubled Company Reporter, on Jan 10, 2013, reported that
Bankruptcy Judge Howard R. Tallman confirmed the Chapter 11 plan,
as amended proposed by Gunnison Energy Corporation for Riviera
Drilling & Exploration Company.  The Amended Chapter 11 Plan was
filed Aug. 31, 2012.


ROLLING MEADOWS: Fitch Affirms BB+ Rating on $17.71MM Revenue Bonds
-------------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating on the following bonds
issued on behalf of Wichita Falls Retirement Foundation Project,
d/b/a Rolling Meadows (RM):

-- $17,715,000 Red River Health Facilities Development
    Corporation first mortgage revenue bonds (Wichita Falls
    Retirement Foundation Project), series 2012.

The Rating Outlook is Stable.

SECURITY

Bonds are secured by a gross revenue pledge, a mortgage, and a debt
service reserve fund.

KEY RATING DRIVERS

NOTABLE UPCOMING CAPITAL PROJECT: RM is planning a $6.5 million,
22-unit memory care addition, expected to break ground this October
and anticipated to open by the end of 2016. RM plans to borrow $3.5
million, through a bank loan (unrated by Fitch), and add $3 million
of its own equity to fund the project. The project budget is equal
to 67% of 2014 revenue and will significantly increase RM's debt
burden; however, Fitch believes that the additional debt and
project risks are manageable at the current rating level and that
the project will be accretive to revenues once completed.

ADEQUATE COVERAGE DESPITE HIGHER LEVERAGE: Coverage in 2014 of pro
forma MADS was good at 2.0x, consistent with the prior year.
However, on a pro forma basis, RM will be highly leveraged, with
MADS as a percent of revenue at 14.9%, above the BIG median, and
adjusted debt to capitalization very high for a rental community
(89.1%). MADS is estimated at $1.4 million, an 18% increase.

ADEQUATE PRO FORMA LIQUIDITY: Pro forma liquidity metrics weaken
substantially from current strong level to adequate levels for the
rating level assuming RM's $3 million equity contribution for its
assisted living expansion. Fitch estimates cash-to-pro forma debt
at 43.9% and cushion ratio at 6.5x, which are in line with the
rating level.

IMPROVED SKILLED NURSING OCCUPANCY: Skilled nursing (SN) occupancy
improved notably to 89% in 2014, up from 85% in 2013, and improved
further through the interim period to 91%. Independent living
occupancy has been stable since 2013, with 89% occupancy at the
interim period. The good occupancy figures have supported solid
operating metrics.

ELEVATED REVENUE SENSITIVITY: RM's total operating revenues of $9.6
million in 2014 is one of the smallest for Fitch's senior living
credits and compares with an investment grade median of $23.6
million for stand-alone facilities. While some of RM's operating
metrics compare well with investment grade medians, Fitch views the
smaller revenue base as a credit concern. Fitch believes small
changes in RM's operational profile can impact its financial
profile. RM's above median liquidity and coverage figures serve to
offset the concerns regarding the smaller revenue base.

RATING SENSITIVITIES

OPERATIONAL STABILITY DURING PROJECT: Fitch expects Rolling Meadows
to maintain stable operations and a continued adequate financial
profile through the capital project, which will be key to rating
stability over the coming two years.

CREDIT PROFILE

Located in Wichita Falls, TX, RM is a type D (rental) continuing
care retirement community with 169 ILUs and 82 skilled nursing
facility (SNF) beds in a gated community on 25.2 acres. RM has its
own home health agency for residents, which provides assisted
living services for a fee.

STRONG 2014 PERFORMANCE

Operations were strong in 2014, continuing 2013's operating
improvements. RM's low operating ratio improved to 79.6% from 82.3%
year prior, favorable to BIG category medians and consistent with a
rental contract type. IL occupancy remained stable and SN occupancy
improved to 89% from 85%.

MEMORY CARE EXPANSION

RM is planning a 22-unit greenfield memory care project on the
north side of its campus, which will connect to its health center.
The project is expected to break ground in October 2015 and reach
75% occupancy by year-end 2016. Fitch believes that the project has
the potential to be accretive, allowing for individuals to age in
place through the continuum of care, differentiating RM from local
competitors.

PROJECT FINANCING AND DEBT PROFILE

Management estimates that total cost of the project at $6.5
million, $3 million of which will be equity funded and $3.5 million
of which will be a seven-year bank loan from BOKF (rated
'A'/'F1'/Stable by Fitch) d/b/a/ Bank of Texas. The loan will be
drawn after RM's makes it equity contributions. The loan is
structured as a balloon payment and management expects to at least
partially amortize principal over the seven year commitment.

Pro forma MADS as a percent of revenue will remain high at 14.9%
versus an 11.1% below investment grade (BIG) median. Positively,
pro forma debt to net available will be 7.3x, marginally favorable
to BIG median (7.8x). In addition to the bank loan, RM has
$17,715,000 of fixed-rate bonds outstanding (series 2012).
Conservatively, RM has no swaps.

ADEQUATE PRO FORMA LIQUIDITY MITIGATES REVENUE SENSITIVITY

Liquidity is currently strong for below investment grade rating,
but Fitch expects that ratios will moderate significantly on a pro
forma basis. Fitch estimates pro forma days cash on hand at 447
(assuming no further liquidity growth), still strongly favorable to
BIG median (233 days), protecting to some extent RM from routine
operational variability. However, a $3.5 million increase in debt
results in a Fitch-estimated cash-to-pro forma debt ratio of 43.9%
and cushion ratio of 6.5x, which are near respective BIG medians of
36.7% and 4.9x. Fitch believes that its estimates of pro forma
liquidity are conservative, given the timing of equity
contributions and expectations of continued adequate cash flow, and
that RM will likely outperform these estimates.

DISCLOSURE

Rolling Meadows covenants to deliver to EMMA audited financial
statements and utilization within 150 days of fiscal year end, and
quarterly unaudited financial statements and utilization within 45
days of quarter end.



SANTA CRUZ: Committee Taps Corporate Recovery as Financial Advisor
------------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Santa Cruz Berry Farming Company, LLC, asks the U.S.
Bankruptcy Court for the Northern District of California for
permission to retain Corporate Recovery Associates, LLC, as
its financial advisor.

CRA will render these services to the Committee including:

   1. investigation of the Debtor's assets, finances, liabilities,
sources of recovery and cash position;

   2. assisting with the wind down of the Debtor and the potential
liquidation of its assets; and

   3. providing additional financial analysis at the Committee's
specific request including, without limitation, analysis at the
plan confirmation stage of the case.

CRA will bill at normal hourly rates for its professional staff
involved in representing the Committee on its final application for
payment of fees and costs, subject to a cap on its final
application for fees of a blended rate of $275 per hour.

Richard J. Feferman, senior managing director at CRA, tells the
Court that the usual and customary rates are:

         Professional                   Standard Hourly Rate
         ------------                   --------------------
         Mr. Feferman                         $650
         Directors                         $425 - $800
         Associates                        $175 - $500

CRA will request reimbursement for actual, necessary expenses
incurred in representing the Committee.

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

             About Santa Cruz Berry Farming

Watsonville, California-based Santa Cruz Berry Farming grows
conventional and organic strawberries.  The privately owned company
was founded by and is currently managed by Fritz Koontz.  Seven
Seas Berry Sales, a division of the Tom Lange Co., is the sales
agent for the Company.

Santa Cruz Berry Farming Company, LLC, and Corralitos Farms, LLC,
commenced Chapter 11 bankruptcy cases (Bankr. N.D. Cal. Case Nos.
15-51771 and 15-51772) in San Jose, California, on May 25, 2015.

The Debtors tapped Thomas A. Vogele, Esq., at Thomas Vogele and
Associates, APC, in Costa Mesa, California, as counsel.

The Official Committee of Unsecured Creditors has retained Michael
A. Sweet, Esq., and Dale L. Bratton, Esq., at Fox Rothschild LLP,
as attorneys.



SANTA CRUZ: Wants to Pay Robert Fritz Koontz from Cash Collateral
-----------------------------------------------------------------
Santa Cruz Berry Farming asks the U.S. Bankruptcy Court for the
Northern District of California for authorization to pay insider
compensation to Robert Fritz Koontz pursuant to the Aug. 10, 2015
order on use of cash collateral.

Mr. Koontz, managing member of the Debtor, serves as general
manager, and has no new compensation arrangement.  His previous
salary was $2,884/week).  Mr. Koontz will also receive commissions
of $.15/box on all  conventional fruit sold at $9/box or more and
organic fruit sold at $11/box or more, so long as Debtor achieves
75% of budget cash flow.

                  About Santa Cruz Berry Farming

Watsonville, California-based Santa Cruz Berry Farming grows
conventional and organic strawberries.  The privately owned company
was founded by and is currently managed by Fritz Koontz.  Seven
Seas Berry Sales, a division of the Tom Lange Co., is the sales
agent for the Company.

Santa Cruz Berry Farming Company, LLC, and Corralitos Farms, LLC,
commenced Chapter 11 bankruptcy cases (Bankr. N.D. Cal. Case Nos.
15-51771 and 15-51772) in San Jose, California, on May 25, 2015.

The Debtors tapped Thomas A. Vogele, Esq., at Thomas Vogele and
Associates, APC, in Costa Mesa, California, as counsel.

The Official Committee of Unsecured Creditors is represented by
Michael A. Sweet, Esq., and Dale L. Bratton, Esq., at Fox
Rothschild LLP.  Corporate Recovery Associates, LLC, serves as its
financial advisor.



STAR AMBULANCE: Confirmation of Jointly Administered Plan Denied
----------------------------------------------------------------
Judge Eduardo V. Rodriguez of the United States Bankruptcy Court
for the Southern District of Texas, McAllen Division, denied the
confirmation of Star Ambulance Service, LLC, et. al.'s Jointly
Administered Amended Plan of Reorganization.

Judge Rodriguez contends that the Debtors filed their Chapter 11
cases and elected the "small business" provisions of Section
101(51C) of the Bankruptcy Code and notes that the plain language
of the statute provides a scheme whereby small business cases
should move expeditiously from filing to confirmation, a timeframe
lasting no longer than 300 days for a plan to be filed and
confirmation to occur within 45 days of the small business debtor's
filing of the plan.  Judge Rodriguez held that the Debtors failed
to seek leave of court to extend the 45-day limit and/or seek
confirmation of their Jointly Administered Plan within the
prescribed time limit, and thus, their Jointly Administered Plan,
as amended, cannot be confirmed by the Court.

In addition to the 45-day confirmation limitation, Judge Rodriguez
also enumerates the following reasons, among others, as to why the
Debtors' Jointly Administered Plan is not confirmable:

     (a) The Plan fails to comply with the applicable provisions of
the Bankruptcy Code, thereby failing to satisfy Section
1129(a)(1).

     (b) The Debtor not has established by a preponderance of the
evidence that the Plan satisfies the requirements of Section
1123(a)(1), which addresses the contents of a plan and requires
that a plan designate classes of claims and interests.

     (c) The Debtor has not established by a preponderance of the
evidence that it has met the requirements of Section 1123(a)(4),
which requires that  a plan "provide the same treatment for each
claim or interest of a particular class, unless the holder of a
particular claim or interest agrees to a less favorable treatment
of such particular claim or interest."

     (d) The Debtor has failed to establish by a preponderance of
the evidence that the Plan satisfies Section 1123(a)(5), which
requires that a plan provide adequate means of implementation of
the plan.

The bankruptcy cases are IN RE: STAR AMBULANCE SERVICE, LLC,
Chapter 11, Debtor, and IN RE: RODOLFO E. MARTINEZ JR. & SILVIA
MARTINEZ, Chapter 11, Debtors, Case Nos. 15-70041-M-11,
15-70042-M-11 (Bankr. S.D. Tex.).

A full-text copy of Judge Rodriguez's Memorandum Opinion dated
August 24, 2015, is available at http://is.gd/N77XYJfrom
Leagle.com.

Star Ambulance Service, LLC is represented by:

          Marcos Demetrio Oliva, Esq.
          MARCOS D. OLIVA, PC
          223 W. Nolana Ave.
          McAllen, TX 78504
          Telephone: (956)502-0825
          Facsimile: (866)868-4224
          Email: marcos@oliva-law.com


TEMSCO INC: Sept. 14 Hearing on Bid to Dismiss Ch. 11 Case
----------------------------------------------------------
Judge Enrique S. Lamoutte Inclan of the United States Bankruptcy
Court for the District of Puerto Rico, in an order dated Aug. 26,
2015, will convene a hearing on Sept. 14, 2015 at 10:00 A.M., if a
timely opposition to the United States Attorney's Motion to Dismiss
or Convert Temsco NC Inc.'s Chapter 11 case.

The bankruptcy case is IN RE: TEMSCO NC INC., XX-XX7349, Chapter
11, Debtor(s), CASE NO. 13-06907 ESL (D.P.R.).  A full-text copy of
Judge Lamoutte Inclan's Decision is available at
http://is.gd/uLpHLGfrom Leagle.com.

Temsco NC Inc. sought protection under Chapter 11 of the Bankruptcy
Code on Aug. 24, 2013 (Bankr. D.P.R., Case No. 13-06907).  The case
is assigned to Judge Enrique S. Lamoutte Inclan.  The Debtor's
counsel is Hector Eduardo Pedrosa Luna, Esq., at The Law Offices of
Hector Eduardo Pedrosa Luna, in San Juan, Puerto Rico.


TLC HEALTH: Hearing on Cash Collateral Use Continued Until Oct. 19
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of New York
continued until Oct. 19, 2015, at 1:00 p.m., the final hearing to
consider TLC Health Network's motion for authorization to obtain
credit under Section 364 of the Bankruptcy Code.

In a 10th amended final order, the Court authorized the Debtor to
(i) incur postpetition secured superpriority indebtedness from
Brooks Memorial Hospital until Oct. 19, 2015, in an aggregate
amount equal to the amounts in the revised budget with a variance
of 7% per line item permitted; and (ii) use cash collateral in
which Brooks, Community Bank, N.A., University of Pittsburg Medical
Center, and the Dormitory Authority of the State of New York assert
an interest.

The Debtor would use the loan and cash collateral to continue to
wind down its operations and market and sell the certain real and
personal property and void immediate and irreparable harm to the
Debtor's estate.

As adequate protection from any diminution in value of the lender's
collateral, the Debtor will, among other things, make adequate
protection payments to Brooks in an amount not less than $12,500 on
or before the 15th of each month commencing on
Sept. 15, 2015.  The Debtor will also make adequate protection
payments to UPMC in an amounts less than $12,500 by Sept. 15,
2015.

                     About TLC Health Network

TLC Health Network filed a Chapter 11 petition (Bankr. W.D.N.Y.
Case No. 13-13294) on Dec. 16, 2013.  The petition was signed by
Timothy Cooper as Chairman of the Board.  The Debtor estimated
assets of at least $10 million and debt of at least $1 million.
Jeffrey A. Dove, Esq., at Menter, Rudin & Trivelpiece, P.C., serves
as the Debtor's counsel.  Damon & Morey LLP is the Debtor's special
health care law and corporate counsel.  The Bonadio Group is the
Debtor's accountants.  Howard P. Schultz & Associates, LLC is the
Debtor's appraiser.

The case is assigned to the Hon. Carl L. Bucki.

A three-member panel composed of Cannon Design, Chautauqua
Opportunities, Inc., and Jamestown Rehab Services has been
appointed as the official unsecured creditors committee.  Bond,
Schoeneck & King, PLLC is the counsel to the Committee.  The
Committee has tapped NextPoint LLC as financial advisor.

Gleichenhaus, Marchese & Weishaar, PC is the general counsel for
Linda Scharf, the Patient Care Ombudsman of TLC Health.



TLC HEALTH: Trustee Adjourns Meeting of Creditors to Oct. 19
------------------------------------------------------------
U.S. Trustee Joseph Allen adjourned until Oct. 19, 2015, at 12:00
noon, the meeting of creditors in the Chapter 11 case of TLC Health
Network.  The meeting will be held at the Office of the U.S.
Trustee, Olympic Towers, in Buffalo, New York City.

                     About TLC Health Network

TLC Health Network filed a Chapter 11 petition (Bankr. W.D.N.Y.
Case No. 13-13294) on Dec. 16, 2013.  The petition was signed by
Timothy Cooper as Chairman of the Board.  The Debtor estimated
assets of at least $10 million and debt of at least $1 million.

Jeffrey A. Dove, Esq., at Menter, Rudin & Trivelpiece, P.C., serves
as the Debtor's counsel.  Damon & Morey LLP is the Debtor's special
health care law and corporate counsel.  The Bonadio Group is the
Debtor's accountants.  Howard P. Schultz & Associates, LLC is the
Debtor's appraiser.

The case is assigned to the Hon. Carl L. Bucki.

A three-member panel composed of Cannon Design, Chautauqua
Opportunities, Inc., and Jamestown Rehab Services has been
appointed as the official unsecured creditors committee.  Bond,
Schoeneck & King, PLLC is the counsel to the Committee.  The
Committee has tapped NextPoint LLC as financial advisor.

Gleichenhaus, Marchese & Weishaar, PC is the general counsel for
Linda Scharf, the Patient Care Ombudsman of TLC Health.



TRIP II DULLES: Fitch Affirms 'BB+' Rating on $1BB Revenue Bonds
----------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating for Toll Road Investors
Partnership II (TRIP II) Dulles Greenway project's approximately $1
billion in outstanding revenue bonds series 1999 and 2005.  The
Rating Outlook is Stable.

The rating reflects TRIP II's relatively high leverage and
back-loaded debt structure extending to 2056, combined with
expected thin coverage and dependence on future toll increases
despite already above-average toll rates.  Revenue risk is
partially offset by the presence of healthy reserve balances as
well as cash-trap triggers and flexibility afforded by the debt
structure. In Fitch's opinion, continual rate increases going
forward, translating into sustained revenue growth, will be needed
as the revenue growth breakeven rate, excluding unknown future
capex obligations, is 0.64%.  The Virginia State Corporation
Commission's (SCC) approved formulaic toll increases add more
certainty through 2020; however, some political risk surrounding
the project's future tolling practices may remain.

KEY RATING DRIVERS

Revenue Risk - Volume: Midrange

Solid, Competitive Service Area: Dulles Greenway's metro DC service
area supports strong inherent demand and has long term growth
potential despite housing-induced weakness experienced during the
recent economic downturn.  Dulles Greenway traffic, which is
primarily commuter in nature and has experienced declines back to
2006, has in part been affected by improvements in alternative
routes and a series of significant toll increases. Dulles Greenway
continues to be subject to some risk from the expansion of free
alternatives and implementation of mass transit.

Revenue Risk - Price: Weaker

Limited Rate-Making Flexibility: Economic rate-making ability is
moderately limited; however, the negative effects on demand from
rate increases have historically been minor.  Congestion and
non-peak toll rates per mile of $0.37 and $0.31, respectively, are
on the higher end of Fitch's rated portfolio; however, they are
viewed as comparable to recently-built or privately-owned peers.
Scheduled annual increases through 2020 have been approved by the
SCC, with the most recent in March 2015.  Revenue maximization
during a sustained weak economic environment may be constrained;
especially when debt tenor and escalating obligations are
considered.

Infrastructure Development & Renewal: Midrange

Manageable Capital Works: Dulles Greenway is a relatively young
asset with a manageable six-year capital improvement plan through
2020, with over 70% of the $14 million plan allocated to
resurfacing.  Based on projected levels of traffic and due to
historically sluggish development activity, additional construction
works under existing agreements are not expected to occur over the
medium-term; the amounts and timing of these construction
obligations are currently uncertain.

Debt Structure: Midrange

Back-Loaded Debt; Flexible Amortization Structure: The mandatory
early redemption debt service profile steadily increases to maximum
annual debt service of $84.7 million at final maturity in 2056,
reflecting 0.78% annual growth.  The structure provides flexibility
to mitigate potential near-term shortfalls in revenue to meet
planned payments in the form of lower principal prepayments on the
series 2005 debt and two triggers for cash trapping.  However, a
continued deferral of planned debt repayment would cause
obligations to balloon in the latter years of the project's life.
Current cash-funded reserve balances, of more than $91 million,
provide some protection.

Financial Metrics

High Leverage; Tight Coverage: Leverage is high, in the high 14x
range.  The facility is dependent on continued toll rate increases
and revenue growth through maturity to maintain minimum coverage
levels at or above 1.25x.  While the minimum debt service coverage
threshold has been violated in recent years, a trend that is likely
to continue in the near-to-medium term, the requirement to annually
trap excess revenue when the threshold is breached somewhat
mitigates this factor.

Peer Group: TRIP II's peers include similar commuter-based
facilities such as North Carolina Turnpike Authority's Triangle
Expressway System (Triangle Expressway, rated 'BBB-'/Outlook Stable
by Fitch) and San Joaquin Hills Transportation Corridor Agency
(SJHTCA, 'BBB-'/'BB+'/Outlook Stable).  Dulles Greenway and SJHTCA
share similar franchise strength, as Triangle Expressway is still
in ramp-up.  TRIP II's leverage is comparable with its peers but
benefits from a lower breakeven growth rate, accounting for the
early redemption schedule.  Long-term pricing power for all three
assets is either limited or unknown at this time.

RATING SENSITIVITIES

Negative - Revenue Growth: The project's inability to sustain
revenue growth above an annual rate of 4% in the near term;

Negative - Tolling Flexibility: Changes in the pricing regime
resulting in reduced overall tolls and/or lower than expected toll
increases;

Negative - Operational Performance: O&M and improvement expenses
materially above expectations;

Negative - Increased Competition: Further capacity enhancements on
competing free routes or significant diversions resulting from the
Dulles Metrorail project;

Positive - Traffic Growth: A material, and sustained, improvement
in financial metrics due to traffic growth.

CREDIT UPDATE

Since the last review, per Greenway officials, there have been no
significant improvements in the alternative free routes and none
are presently expected.  Formal construction on Phase II of the
Dulles Metrorail Silver Line should begin this year and take five
years to complete.  Phase II of the project will expand the
Metrorail to Dulles with three stops in the eastern portion of the
county.

Loudoun County, located west of Washington, D.C., is among the
fastest growing counties in the country.  Population, estimated at
363,050 in 2014, nearly doubled during the last decade and is
expected to continue growing, albeit at a slower rate, as
development related to Dulles International Airport and the
nation's capital attracts jobs to the county.  While the county
maintains significant agricultural activity and open land in its
western portion, the eastern portion has become increasingly
developed - benefitting Dulles Greenway - with tremendous single-
and multi-family and commercial real estate development.  According
to county forecasts through 2040, the population is expected to
grow 1.14% annually while housing units are expected to grow 1.34%
annually.

This recent corridor growth has supported the Greenway's traffic
profile in recent years.  Traffic during fiscal 2014 (ending
Dec. 31) grew 3.0%, to 17.68 million transactions, and is currently
up an additional 4.7% through July, representing a conservative
year-end Fitch-estimate of 18.51 million transactions.  Traffic hit
a 10-year trough in fiscal 2011, at 16.95 million transactions, but
has since grown 1.43% annually.

The county's wealth indicators are well above state and national
averages, and unemployment remained low at 4% as of February 2015.
The county's median household income is more than double (230%) the
national average and 92% higher than the state average.  As traffic
on the Dulles Greenway is primarily driven by commuters, revenue
performance will largely be dependent on elasticity of demand and
the economic performance of the region.

Revenue has continued to grow due to annual toll increases, despite
the 10 year traffic decline and only slight, recent recovery.  The
most recent of these toll increases, of 2.8%, occurred in March
2015.  Revenue grew 5.2%, to $78.47 million, in fiscal 2014, and is
currently up an additional 7.6% through July, representing a
conservative year-end Fitch-estimate of $84.44 million.  Comparing
a similar three year historic period as traffic, revenue has grown
5.6% annually since the traffic low in 2011.  Fitch views favorably
the scheduled toll hikes and the continued acknowledgement of the
SCC that TRIP II should be allowed to raise rates to comply with
covenants to bondholders as it adds certainty to the amount and
timing of increases through 2020.  Additionally, the inflationary
nature of the increases moderate the political risk associated with
future toll increases.

Operating costs during fiscal 2014 held relatively consistent with
fiscal 2013, moderately decreasing 1%, after growing 14% during the
prior year related to increased property tax and administrative
costs.  Property tax increases are allowed to be passed through via
ad hoc toll increases in order to offset them, noted by last year's
additional three cent toll increase for payment of increased local
property taxes to Loudoun County and the Town of Leesburg.

Debt service coverage in fiscal 2014 remained constant with the
prior year's 1.09x which is calculated using the Planned Mandatory
Early Redemption Schedule.  Using the initial scheduled debt
service, coverage was 1.78x.  The Planned Early Redemption Schedule
uses excess funds to defease the series 2005 bonds prior to their
maturity in order to smooth the debt service profile. Leverage is
currently in the 14.5x range and Fitch anticipates coverage to
remain in the 1.05 - 1.10x range in the near term.  On Feb. 15,
2015, TRIP II redeemed $24.2 million of the 2005A bonds in
accordance with the Mandatory Early Redemption clause contained in
the Fourth Supplemental Indenture.

Fitch's base case assumes traffic growth of less than 1% from 2014
and in this scenario actual debt service coverage based on the
mandatory redemption schedule would remain below the minimum
coverage level requiring continued trapping of cash in the near
term but then grows to over 1.25x in 2019, calculated without
giving credit to the effects of the early series 1999 redemptions
pursuant to the Seventh Supplemental Trust Agreement; and, per that
calculation, TRIP II would be able to make distributions to
investors.  Fitch notes that the flexibility of the debt structure
allows for lower scheduled debt service payments, which provides
some relief in the near term but only increases the burden in the
back end.  Under a rating case that contemplates flat-to-declining
traffic, coverage ratios border 1.0x over an extended time period.
Should this traffic profile play out, and be viewed as more
permanent, negative rating action would be likely.

TRIP II is the special purpose company that owns the Dulles
Greenway.  The Dulles Greenway is a six-lane, 14-mile, limited
access toll highway in Loudoun County, Virginia, a suburb of
Washington, DC, connecting Dulles International Airport with US-15
in Leesburg.  It serves as an extension of the state-owned Dulles
Toll Road, which connects Dulles Airport and other high density
employment centers in the corridor to the rest of the Washington
metropolitan area.  The two toll roads connect at a toll plaza,
where drivers pay a single toll that is divided by the two
operators.

SECURITY

The senior bondholders have a first priority lien on the security
interest within the Trust Estate which includes all of the rights
to net revenue, real estate interest, rights under the easements
and rights, title and interest in the equipment.



VERDE VALLEY: Ariz. App. Vacates Dismissal of Suit vs. Stonekings
-----------------------------------------------------------------
Verde Valley Plaza, LLC, appeals the dismissal of its action
against Brian Stoneking and Jane Doe Stoneking.  The primary issue
on appeal is whether the superior court erred in dismissing VVP's
complaint against Stoneking based on judicial estoppel.  In a
memorandum decision dated Aug. 27, 2015, the Court of Appeals of
Arizona, Division One, vacated the judgment of dismissal and
remanded for further proceedings.

In support of its decision, the Court ruled that "Stoneking has not
established as a matter of law that VVP took an inconsistent
position in the bankruptcy proceeding and obtained judicial relief
resulting from that position.  The inconsistent position must have
been a factor in the relief obtained."

The case is VERDE VALLEY PLAZA, LLC, a California limited liability
company, Plaintiff/Appellant, v. BRIAN STONEKING and JANE DOE
STONEKING, a married couple, Defendants/Appellees, NO. 1 CA-CV
14-0160 (Ariz. App.).  A full-text copy of the Decision is
available at http://is.gd/90eAsUfrom Leagle.com.

Cottonwood, Arizona-based Verde Valley Plaza, LLC, dba DH Verde,
LLC, sought bankruptcy protection under Chapter 11 of the
Bankruptcy Code on Nov. 17, 2011 (Bankr. D. Ariz., Case No.
11-31874).  The case is assigned to Judge Redfield T. Baum PCT Sr.
The Debtor's counsel is Michael W. Carmel, Esq., in Phoenix,
Arizona.


YOUSIF HALLOUM: Ex-Attys Win Summary Judgment in Malpractice Suit
-----------------------------------------------------------------
Judge Christopher M. Klein of the United States Bankruptcy Court
for the Eastern District of California, in a memorandum decision
dated Aug. 27, 2015, concluded that there is no genuine issue of
material fact remaining for trial in the adversary proceeding
captioned YOUSIF H. HALLOUM, et al., Plaintiff(s), v. HILTON A.
RYDER, et al., Defendant(s), ADVERSARY NO. 15-2091 (Bankr. E.D.
Calif.), and the movants are entitled to judgment as a matter of
law.

The adversary proceeding was originally filed by Yousif H. Halloum
and Iman Y. Halloum in the Superior Court of California, County of
San Francisco, on February 13, 2015, as case number CGC-15-544168.
It seeks redress for the loss of the plaintiffs' business as the
result of a bankruptcy case pending in the bankruptcy court.  All
defendants filed motions for summary judgment.

The bankruptcy case is In re: YOUSIF H. HALLOUM, Debtor(s), CASE
NO. 12-21477-C-7 (Bankr. E.D. Calif.).

A full-text copy of Judge Klein's Decision is available at
http://is.gd/YLmAB8from Leagle.com.

Katzen & Schuricht, Defendant, represented by David I. Katzen, Esq.
-- katzen@ksfirm.com

Scott H. McNutt, Defendant, represented by Michael C. Abel, Esq. --
mcabel@ml-sf.com -- and Scott H. McNutt, Esq. -- smcnutt@ml-sf.com
-- at McNutt Law Group, LLP.

Hilton A. Ryder, Defendant, represented by Hilton A. Ryder, Esq. --
hilton.ryder@mccormickbarstow.com -- at McCormick Barstow LLP.


ZEBRA TECHNOLOGIES: S&P Affirms 'BB-' CCR, Outlook Stable
---------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB-' corporate
credit rating on Lincolnshire, Ill.-based Zebra Technologies Corp.
The outlook is stable.

At the same time, S&P raised its issue-level rating to 'B+' from
'B' on the company's $1.05 billion unsecured notes due 2022 and
revised S&P's recovery rating to '5' from '6'.  The '5' recovery
rating indicates S&P's expectation for modest recovery (10% to 30%,
in the lower half of the range) in the event of payment default.

In addition, S&P affirmed its 'BB+' issue-level rating on the
company's senior secured debt.  The '1' recovery rating is
unchanged and reflects S&P's expectation for very high recovery
(90% to 100%) in the event of payment default.

"The rating action reflects our view that recovery prospects for
unsecured lenders have improved following the repayment of $130
million of the company's term loan," said Standard & Poor's credit
analyst Christian Frank.

The stable outlook reflects S&P's view that Zebra's leading market
positions and cost saving opportunities are likely to result in
leverage of less than 5x in 2016.



ZLOOP INC: Cases Jointly Administered for Procedural Purposes
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
the joint administration of the Chapter 11 cases of ZLOOP, Inc., et
al., for procedural purposes only.  The cases will be administered
under ZLOOP, Inc., Case No. 15-11660.

                        About ZLOOP, Inc.

ZLOOP, Inc., and two affiliates sought Chapter 11 protection
(Bankr. D. Del.) on Aug. 9, 2015.  The Court on Aug. 11, 2015,
granted the joint administration of the Debtors' Chapter 11 cases,
with the docket to be maintained at the docket for ZLOOP, Case No.
15-11660.

ZLOOP operates a proprietary, state of the art, 100% landfill free
eWaste recycling company headquartered in Hickory, North Carolina.

The Debtors tapped DLA Piper LLP as counsel.

As of the Petition Date, the Debtors' unaudited consolidated
balance sheet reflect total assets of approximately $25 million,
including the land and improvements, but excluding certain
commodity inventories that are the output of eWaste recycling, and
total liabilities of approximately $32 million.



ZLOOP INC: Proposes Oct. 30, 2015 Gen. Claims Bar Date
------------------------------------------------------
ZLOOP, Inc., et al., ask the U.S. Bankruptcy Court for the District
of Delaware to establish these claims bar dates as deadlines in
relation to the Chapter 11 cases of ZLOOP, Inc., et al.:

   a) Oct. 30, 2015, as the deadline for all persons or entities,
to file proofs of claims (the general claim deadline);

   b) Feb. 5, 2016, as the deadline for all governmental units to
file proofs of claims (the government claim deadline); and

   c) Oct. 30, 2015 as the deadline for all persons or entities to
file claim requests.

Proofs of Claims must be received by the Clerk of Court at this
address:

By regular US Mail, messenger or overnight delivery:

         United States Bankruptcy Court
         Attn: Claims
         824 Market Street, 3rd Floor
         Wilmington, DE 19801

                         About ZLOOP, Inc.

ZLOOP, Inc., and two affiliates sought Chapter 11 protection
(Bankr. D. Del.) on Aug. 9, 2015.  The Court on Aug. 11, 2015,
granted the joint administration of the Debtors' Chapter 11 cases,
with the docket to be maintained at the docket for ZLOOP, Case No.
15-11660.

ZLOOP operates a proprietary, state of the art, 100% landfill free
eWaste recycling company headquartered in Hickory, North Carolina.

The Debtors tapped DLA Piper LLP as counsel.

As of the Petition Date, the Debtors' unaudited consolidated
balance sheet reflect total assets of approximately $25 million,
including the land and improvements, but excluding certain
commodity inventories that are the output of eWaste recycling, and
total liabilities of approximately $32 million.


ZLOOP INC: Taps Miller Industrial To Market Nevada Property
-----------------------------------------------------------
ZLOOP, Inc., et al., ask the U.S. Bankruptcy Court for the
District of Delaware for permission to employ Miller Industrial
Properties, LLC, as real estate broker with respect to the sale of
their Nevada facility.

The Court will consider the Debtors' request at a hearing on
Sept. 24, 2015 at 11:00 a.m.  Objections if any, are due Sept. 9,
at 4:00 p.m.

Debtor ZLOOP Nevada, LLC owns certain real property located at 190
Resource Drive, Fernley, Nevada (the "Nevada Facility").  While the
Debtors purchased the Nevada Facility with an eye towards expanding
their operations, as a result of the circumstances leading to the
commencement of these chapter 11 cases, the Nevada Facility never
became operational.  Therefore, the Nevada Facility is an excess
assets of the Debtors that they now seek to sell.

Miller Industrial will, among other things:

   a) consult with the Debtors to discuss the Debtors' goals,
objectives, and financial parameters in relation to the Nevada
Facility;

   b) market the Nevada Facility for sale, including arranging for
site visits and providing a data-room for interested parties; and

   c) serve as broker for the sale of the Nevada Facility.

The Debtors intend that Miller's services will complement, and not
duplicate, the services to be rendered by DLA Piper LLP (US),
Miller Coffey Tate LLP, and any other professional retained by the
Debtors in the chapter 11 cases.

Miller will be paid a commission fee of six percent (6%) of the
gross sales price in any disposition of the Nevada property.

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

                         About ZLOOP, Inc.

ZLOOP, Inc., and two affiliates sought Chapter 11 protection
(Bankr. D. Del.) on Aug. 9, 2015.  The Debtors have sought and
obtained an order granting joint administration of their Chapter 11
cases, with the docket to be maintained at the docket for ZLOOP,
Case No. 15-11660.

ZLOOP operates a proprietary, state of the art, 100% landfill free
eWaste recycling company headquartered in Hickory, North Carolina.

The Debtors tapped DLA Piper LLP as counsel.

As of the Petition Date, the Debtors' unaudited consolidated
balance sheet reflect total assets of approximately $25 million,
including the land and improvements, but excluding certain
commodity inventories that are the output of eWaste recycling, and
total liabilities of approximately $32 million.



ZLOOP INC: Wants to Hire DLA Piper as Bankruptcy Counsel
--------------------------------------------------------
ZLOOP, Inc., et al., ask the U.S. Bankruptcy Court for the District
of Delaware for permission to employ DLA Piper LLP (US) as counsel
nunc pro tunc to the Petition Date.

The Debtor will pay the firm's standard hourly rates and reimburse
actual and necessary out-of-pocket expenses.

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

                         About ZLOOP, Inc.

ZLOOP, Inc., and two affiliates sought Chapter 11 protection
(Bankr. D. Del.) on Aug. 9, 2015.  The Debtors have sought and
obtained an order granting joint administration of their Chapter
11
cases, with the docket to be maintained at the docket for ZLOOP,
Case No. 15-11660.

ZLOOP operates a proprietary, state of the art, 100% landfill free
eWaste recycling company headquartered in Hickory, North Carolina.

The Debtors tapped DLA Piper LLP as counsel.

As of the Petition Date, the Debtors' unaudited consolidated
balance sheet reflect total assets of approximately $25 million,
including the land and improvements, but excluding certain
commodity inventories that are the output of eWaste recycling, and
total liabilities of approximately $32 million.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                                 Total
                                                Share-      Total
                                    Total     Holders'    Working
                                   Assets       Equity    Capital
  Company         Ticker             ($MM)        ($MM)      ($MM)
  -------         ------           ------     --------    -------
ABSOLUTE SOFTWRE  ABT CN            149.9        (13.1)      (8.1)
ABSOLUTE SOFTWRE  ALSWF US          149.9        (13.1)      (8.1)
ABSOLUTE SOFTWRE  OU1 GR            149.9        (13.1)      (8.1)
ADV MICRO DEVICE  AMD* MM         3,381.0       (141.0)   1,052.0
ADVANCED EMISSIO  ADES US           106.4        (46.1)     (15.3)
ADVENT SOFTWARE   ADVS US           424.8        (50.1)    (110.8)
AEROJET ROCKETDY  AJRD US         1,898.1        (95.6)     143.6
AEROJET ROCKETDY  GCY TH          1,898.1        (95.6)     143.6
AEROJET ROCKETDY  GCY GR          1,898.1        (95.6)     143.6
AIR CANADA        AC CN          12,374.0       (388.0)     (53.0)
AIR CANADA        ADH2 TH        12,374.0       (388.0)     (53.0)
AIR CANADA        ACDVF US       12,374.0       (388.0)     (53.0)
AIR CANADA        ADH2 GR        12,374.0       (388.0)     (53.0)
AIR CANADA        ACEUR EU       12,374.0       (388.0)     (53.0)
AK STEEL HLDG     AKS* MM         4,335.4       (463.0)     863.4
ALLIANCE HEALTHC  AIQ US            566.4        (89.6)      50.1
AMER RESTAUR-LP   ICTPU US           33.5         (4.0)      (6.2)
AMYLIN PHARMACEU  AMLN US         1,998.7        (42.4)     263.0
ANGIE'S LIST INC  8AL TH            176.1        (21.6)     (26.0)
ANGIE'S LIST INC  ANGI US           176.1        (21.6)     (26.0)
ANGIE'S LIST INC  8AL GR            176.1        (21.6)     (26.0)
ARCADIA BIOSCIEN  17D GR             19.4         (7.3)       0.3
ARCADIA BIOSCIEN  RKDA US            19.4         (7.3)       0.3
ARIAD PHARM       ARIA US           543.0        (13.8)     209.9
ARIAD PHARM       ARIA SW           543.0        (13.8)     209.9
ARIAD PHARM       ARIACHF EU        543.0        (13.8)     209.9
ARIAD PHARM       ARIAEUR EU        543.0        (13.8)     209.9
ARIAD PHARM       APS TH            543.0        (13.8)     209.9
ARIAD PHARM       APS GR            543.0        (13.8)     209.9
ASPEN TECHNOLOGY  AST GR            315.4        (48.5)     (32.8)
ASPEN TECHNOLOGY  AZPN US           315.4        (48.5)     (32.8)
AUTOZONE INC      AZ5 TH          8,032.4     (1,643.2)    (742.6)
AUTOZONE INC      AZ5 GR          8,032.4     (1,643.2)    (742.6)
AUTOZONE INC      AZOEUR EU       8,032.4     (1,643.2)    (742.6)
AUTOZONE INC      AZ5 QT          8,032.4     (1,643.2)    (742.6)
AUTOZONE INC      AZO US          8,032.4     (1,643.2)    (742.6)
AVID TECHNOLOGY   AVID US           276.2       (338.1)    (147.2)
AVID TECHNOLOGY   AVD GR            276.2       (338.1)    (147.2)
AVINTIV SPECIALT  POLGA US        1,991.4         (3.9)     322.1
BARRACUDA NETWOR  7BM GR            400.4        (31.3)      36.9
BARRACUDA NETWOR  CUDAEUR EU        400.4        (31.3)      36.9
BARRACUDA NETWOR  CUDA US           400.4        (31.3)      36.9
BERRY PLASTICS G  BP0 GR          5,011.0        (74.0)     634.0
BERRY PLASTICS G  BERY US         5,011.0        (74.0)     634.0
BLUE BUFFALO PET  B6B TH            459.5        (33.7)     258.1
BLUE BUFFALO PET  B6B GR            459.5        (33.7)     258.1
BLUE BUFFALO PET  BUFF US           459.5        (33.7)     258.1
BRINKER INTL      BKJ GR          1,435.9        (78.5)    (228.8)
BRINKER INTL      EAT US          1,435.9        (78.5)    (228.8)
BURLINGTON STORE  BUI GR          2,673.6        (40.6)     166.6
BURLINGTON STORE  BURL US         2,673.6        (40.6)     166.6
BURLINGTON STORE  BURL* MM        2,673.6        (40.6)     166.6
CABLEVISION SY-A  CVY TH          6,712.1     (4,951.2)      61.0
CABLEVISION SY-A  CVCEUR EU       6,712.1     (4,951.2)      61.0
CABLEVISION SY-A  CVY GR          6,712.1     (4,951.2)      61.0
CABLEVISION SY-A  CVC US          6,712.1     (4,951.2)      61.0
CABLEVISION-W/I   8441293Q US     6,712.1     (4,951.2)      61.0
CABLEVISION-W/I   CVC-W US        6,712.1     (4,951.2)      61.0
CAMBIUM LEARNING  ABCD US           156.6        (75.1)     (16.2)
CASELLA WASTE     CWST US           657.5        (18.9)      (1.2)
CASELLA WASTE     WA3 GR            657.5        (18.9)      (1.2)
CEDAR FAIR LP     7CF GR          2,076.3         (3.5)     (89.1)
CEDAR FAIR LP     FUN US          2,076.3         (3.5)     (89.1)
CENTENNIAL COMM   CYCL US         1,480.9       (925.9)     (52.1)
CHARTER COM-A     CHTR US        17,319.0        (31.0)  (1,180.0)
CHARTER COM-A     CKZA TH        17,319.0        (31.0)  (1,180.0)
CHARTER COM-A     CKZA GR        17,319.0        (31.0)  (1,180.0)
CHOICE HOTELS     CHH US            702.6       (385.5)     195.9
CHOICE HOTELS     CZH GR            702.6       (385.5)     195.9
CINCINNATI BELL   CBB US          1,509.6       (403.5)      (0.2)
CLEAR CHANNEL-A   CCO US          6,188.4       (263.3)     386.6
CLEAR CHANNEL-A   C7C GR          6,188.4       (263.3)     386.6
CLIFFS NATURAL R  CLF US          2,609.4     (1,740.2)     623.8
CLIFFS NATURAL R  CVA GR          2,609.4     (1,740.2)     623.8
CLIFFS NATURAL R  CVA TH          2,609.4     (1,740.2)     623.8
CLIFFS NATURAL R  CLF2EUR EU      2,609.4     (1,740.2)     623.8
CLIFFS NATURAL R  CLF* MM         2,609.4     (1,740.2)     623.8
COLLEGIUM PHARMA  COLL US             5.1        (12.2)      (5.9)
COMVERSE INC      CM1 GR            577.9         (7.2)      59.9
COMVERSE INC      CNSI US           577.9         (7.2)      59.9
CORIUM INTERNATI  CORI US            59.3         (5.4)      31.2
CORIUM INTERNATI  6CU GR             59.3         (5.4)      31.2
CYAN INC          CYNI US           112.1        (18.4)      56.9
CYAN INC          YCN GR            112.1        (18.4)      56.9
DELEK LOGISTICS   D6L GR            352.0        (15.8)       5.5
DELEK LOGISTICS   DKL US            352.0        (15.8)       5.5
DIRECTV           DTVEUR EU      25,321.0     (3,463.0)   1,360.0
DIRECTV           DIG1 GR        25,321.0     (3,463.0)   1,360.0
DIRECTV           DTV CI         25,321.0     (3,463.0)   1,360.0
DIRECTV           DTV US         25,321.0     (3,463.0)   1,360.0
DOMINO'S PIZZA    DPZ US            597.9     (1,245.7)     135.3
DOMINO'S PIZZA    EZV GR            597.9     (1,245.7)     135.3
DOMINO'S PIZZA    EZV TH            597.9     (1,245.7)     135.3
DUN & BRADSTREET  DNB US          2,092.7     (1,217.9)    (412.7)
DUN & BRADSTREET  DNB1EUR EU      2,092.7     (1,217.9)    (412.7)
DUN & BRADSTREET  DB5 TH          2,092.7     (1,217.9)    (412.7)
DUN & BRADSTREET  DB5 GR          2,092.7     (1,217.9)    (412.7)
DUNKIN' BRANDS G  DNKN US         3,358.7        (87.9)     269.5
DUNKIN' BRANDS G  2DB GR          3,358.7        (87.9)     269.5
DUNKIN' BRANDS G  2DB TH          3,358.7        (87.9)     269.5
DURATA THERAPEUT  DTA GR             82.1        (16.1)      11.7
DURATA THERAPEUT  DRTX US            82.1        (16.1)      11.7
DURATA THERAPEUT  DRTXEUR EU         82.1        (16.1)      11.7
EDGEN GROUP INC   EDG US            883.8         (0.8)     409.2
ENERGIZER HOLDIN  EGG QT          1,117.1       (296.9)     316.4
ENERGIZER HOLDIN  ENR-WEUR EU     1,117.1       (296.9)     316.4
ENERGIZER HOLDIN  ENR US          1,117.1       (296.9)     316.4
EOS PETRO INC     EOPT US             1.2        (25.4)     (26.6)
EXELIXIS INC      EXEL US           248.8       (188.2)      31.5
EXELIXIS INC      EX9 GR            248.8       (188.2)      31.5
EXELIXIS INC      EX9 TH            248.8       (188.2)      31.5
EXELIXIS INC      EXELEUR EU        248.8       (188.2)      31.5
EXTENDICARE INC   EXETF US        2,167.5        (10.8)     (47.7)
EXTENDICARE INC   EXE CN          2,167.5        (10.8)     (47.7)
FENIX PARTS INC   FENX US             0.9         (1.9)      (1.9)
FENIX PARTS INC   9FP GR              0.9         (1.9)      (1.9)
FERRELLGAS-LP     FGP US          1,592.9       (103.4)      23.7
FERRELLGAS-LP     FEG GR          1,592.9       (103.4)      23.7
FREESCALE SEMICO  1FS GR          3,165.0     (3,173.0)   1,257.0
FREESCALE SEMICO  FSLEUR EU       3,165.0     (3,173.0)   1,257.0
FREESCALE SEMICO  FSL US          3,165.0     (3,173.0)   1,257.0
FREESCALE SEMICO  1FS TH          3,165.0     (3,173.0)   1,257.0
GAMING AND LEISU  2GL GR          2,516.0       (135.8)       5.9
GAMING AND LEISU  GLPI US         2,516.0       (135.8)       5.9
GARDA WRLD -CL A  GW CN           1,401.9       (325.2)      39.5
GARTNER INC       IT US           1,861.0       (170.2)    (138.5)
GARTNER INC       GGRA GR         1,861.0       (170.2)    (138.5)
GENESIS HEALTHCA  GEN US          6,103.4       (244.5)     228.5
GENESIS HEALTHCA  SH11 GR         6,103.4       (244.5)     228.5
GENTIVA HEALTH    GHT GR          1,225.2       (285.2)     130.0
GENTIVA HEALTH    GTIV US         1,225.2       (285.2)     130.0
GLAUKOS CORP      6GJ GR             28.3         (4.4)      (4.9)
GLAUKOS CORP      GKOS US            28.3         (4.4)      (4.9)
GLG PARTNERS INC  GLG US            400.0       (285.6)     156.9
GLG PARTNERS-UTS  GLG/U US          400.0       (285.6)     156.9
GOLD RESERVE INC  GRZ CN             16.3        (28.8)     (39.0)
GRAHAM PACKAGING  GRM US          2,947.5       (520.8)     298.5
GYMBOREE CORP/TH  GYMB US         1,206.6       (352.8)      30.7
HCA HOLDINGS INC  HCAEUR EU      31,710.0     (5,955.0)   2,983.0
HCA HOLDINGS INC  HCA US         31,710.0     (5,955.0)   2,983.0
HCA HOLDINGS INC  2BH GR         31,710.0     (5,955.0)   2,983.0
HCA HOLDINGS INC  2BH TH         31,710.0     (5,955.0)   2,983.0
HD SUPPLY HOLDIN  5HD GR          6,321.0       (498.0)   1,400.0
HD SUPPLY HOLDIN  HDS US          6,321.0       (498.0)   1,400.0
HERBALIFE LTD     HOO GR          2,415.1       (196.4)     363.2
HERBALIFE LTD     HLFEUR EU       2,415.1       (196.4)     363.2
HERBALIFE LTD     HLF US          2,415.1       (196.4)     363.2
HOVNANIAN-A-WI    HOV-W US        2,517.0       (146.3)   1,516.6
HUGHES TELEMATIC  HUTCU US          110.2       (101.6)    (113.8)
IEG HOLDINGS COR  IEGH US             -           (3.8)      (0.6)
IHEARTMEDIA INC   IHRT US        13,626.9    (10,240.8)     816.5
INFOR US INC      LWSN US         6,778.1       (460.0)    (305.9)
INVENTIV HEALTH   VTIV US         2,154.4       (613.8)      84.5
IPCS INC          IPCS US           559.2        (33.0)      72.1
ISTA PHARMACEUTI  ISTA US           124.7        (64.8)       2.2
JUST ENERGY GROU  JE US           1,229.2       (528.2)      (6.6)
JUST ENERGY GROU  1JE GR          1,229.2       (528.2)      (6.6)
JUST ENERGY GROU  JE CN           1,229.2       (528.2)      (6.6)
L BRANDS INC      LTD TH          6,804.0       (647.0)     928.0
L BRANDS INC      LTD GR          6,804.0       (647.0)     928.0
L BRANDS INC      LBEUR EU        6,804.0       (647.0)     928.0
L BRANDS INC      LB* MM          6,804.0       (647.0)     928.0
L BRANDS INC      LTD QT          6,804.0       (647.0)     928.0
L BRANDS INC      LB US           6,804.0       (647.0)     928.0
LANTHEUS HOLDING  0L8 GR            233.6       (195.6)      41.4
LANTHEUS HOLDING  LNTH US           233.6       (195.6)      41.4
LEAP WIRELESS     LEAP US         4,662.9       (125.1)     346.9
LEAP WIRELESS     LWI GR          4,662.9       (125.1)     346.9
LEAP WIRELESS     LWI TH          4,662.9       (125.1)     346.9
LORILLARD INC     LLV GR          4,154.0     (2,134.0)   1,135.0
LORILLARD INC     LLV TH          4,154.0     (2,134.0)   1,135.0
LORILLARD INC     LO US           4,154.0     (2,134.0)   1,135.0
MAJESCOR RESOURC  MJXEUR EU           0.1         (3.2)      (3.2)
MANNKIND CORP     NNF1 GR           352.6       (115.5)    (196.4)
MANNKIND CORP     MNKDEUR EU        352.6       (115.5)    (196.4)
MANNKIND CORP     NNF1 TH           352.6       (115.5)    (196.4)
MANNKIND CORP     MNKD US           352.6       (115.5)    (196.4)
MARRIOTT INTL-A   MAQ TH          6,321.0     (3,033.0)  (1,611.0)
MARRIOTT INTL-A   MAQ GR          6,321.0     (3,033.0)  (1,611.0)
MARRIOTT INTL-A   MAQ QT          6,321.0     (3,033.0)  (1,611.0)
MARRIOTT INTL-A   MAR US          6,321.0     (3,033.0)  (1,611.0)
MCBC HOLDINGS IN  1SG GR             91.6        (44.8)     (38.2)
MCBC HOLDINGS IN  MCFT US            91.6        (44.8)     (38.2)
MDC COMM-W/I      MDZ/W CN        1,848.6       (273.8)    (394.7)
MDC PARTNERS-A    MDCA US         1,848.6       (273.8)    (394.7)
MDC PARTNERS-A    MDZ/A CN        1,848.6       (273.8)    (394.7)
MDC PARTNERS-A    MD7A GR         1,848.6       (273.8)    (394.7)
MDC PARTNERS-EXC  MDZ/N CN        1,848.6       (273.8)    (394.7)
MERITOR INC       MTOR US         2,453.0       (591.0)     360.0
MERITOR INC       AID1 GR         2,453.0       (591.0)     360.0
MERRIMACK PHARMA  MACK US           105.0       (143.1)     (33.7)
MERRIMACK PHARMA  MP6 GR            105.0       (143.1)     (33.7)
MICHAELS COS INC  MIK US          1,864.0     (1,992.6)     501.0
MICHAELS COS INC  MIM GR          1,864.0     (1,992.6)     501.0
MIDSTATES PETROL  MPO1EUR EU      1,796.2       (322.8)     117.4
MONEYGRAM INTERN  MGI US          4,464.6       (248.7)     (40.4)
MOODY'S CORP      MCOEUR EU       4,999.5       (103.4)   1,939.2
MOODY'S CORP      DUT TH          4,999.5       (103.4)   1,939.2
MOODY'S CORP      MCO US          4,999.5       (103.4)   1,939.2
MOODY'S CORP      DUT GR          4,999.5       (103.4)   1,939.2
MORGANS HOTEL GR  MHGC US           520.6       (251.8)      24.8
MPG OFFICE TRUST  1052394D US     1,280.0       (437.3)       -
NATIONAL CINEMED  XWM GR          1,010.5       (221.6)      73.0
NATIONAL CINEMED  NCMI US         1,010.5       (221.6)      73.0
NAVISTAR INTL     NAV US          6,769.0     (4,809.0)     873.0
NAVISTAR INTL     IHR TH          6,769.0     (4,809.0)     873.0
NAVISTAR INTL     IHR GR          6,769.0     (4,809.0)     873.0
NEFF CORP-CL A    NEFF US           668.9       (187.7)      10.4
NEW ENG RLTY-LP   NEN US            177.2        (29.6)       -
NORTHWEST BIO     NWBO US            64.2        (76.2)     (95.3)
NORTHWEST BIO     NBYA GR            64.2        (76.2)     (95.3)
NTELOS HOLDINGS   NTLS US           700.2        (14.3)     185.6
OMTHERA PHARMACE  OMTH US            18.3         (8.5)     (12.0)
OOMA INC          OOMA US            33.9         (8.3)      (6.0)
PALM INC          PALM US         1,007.2         (6.2)     141.7
PBF LOGISTICS LP  11P GR            417.8       (199.9)      18.7
PBF LOGISTICS LP  PBFX US           417.8       (199.9)      18.7
PHILIP MORRIS IN  PM1 TE         32,713.0    (11,798.0)  (1,614.0)
PHILIP MORRIS IN  PM US          32,713.0    (11,798.0)  (1,614.0)
PHILIP MORRIS IN  PM1EUR EU      32,713.0    (11,798.0)  (1,614.0)
PHILIP MORRIS IN  4I1 QT         32,713.0    (11,798.0)  (1,614.0)
PHILIP MORRIS IN  4I1 TH         32,713.0    (11,798.0)  (1,614.0)
PHILIP MORRIS IN  PM1CHF EU      32,713.0    (11,798.0)  (1,614.0)
PHILIP MORRIS IN  PMI SW         32,713.0    (11,798.0)  (1,614.0)
PHILIP MORRIS IN  4I1 GR         32,713.0    (11,798.0)  (1,614.0)
PHILIP MORRIS IN  PM FP          32,713.0    (11,798.0)  (1,614.0)
PLAYBOY ENTERP-A  PLA/A US          165.8        (54.4)     (16.9)
PLAYBOY ENTERP-B  PLA US            165.8        (54.4)     (16.9)
PLY GEM HOLDINGS  PG6 GR          1,312.8       (119.6)     258.1
PLY GEM HOLDINGS  PGEM US         1,312.8       (119.6)     258.1
POLYMER GROUP-B   POLGB US        1,991.4         (3.9)     322.1
PROTALEX INC      PRTX US             1.0        (12.6)       0.4
PROTECTION ONE    PONE US           562.9        (61.8)      (7.6)
PURETECH HEALTH   PRTCGBX EU          -            -          -
PURETECH HEALTH   PRTC LN             -            -          -
PURETECH HEALTH   PRTCL L3            -            -          -
PURETECH HEALTH   PRTCL PO            -            -          -
PURETECH HEALTH   PRTCL B3            -            -          -
QUALITY DISTRIBU  QDZ GR            413.0        (22.9)     102.9
QUALITY DISTRIBU  QLTY US           413.0        (22.9)     102.9
QUINTILES TRANSN  Q US            3,341.8       (701.7)     866.0
QUINTILES TRANSN  QTS GR          3,341.8       (701.7)     866.0
RAYONIER ADV      RYAM US         1,261.0        (51.1)     188.6
RAYONIER ADV      RYQ GR          1,261.0        (51.1)     188.6
REGAL ENTERTAI-A  RGC* MM         2,590.9       (890.9)    (107.2)
REGAL ENTERTAI-A  RETA GR         2,590.9       (890.9)    (107.2)
REGAL ENTERTAI-A  RGC US          2,590.9       (890.9)    (107.2)
RENAISSANCE LEA   RLRN US            57.0        (28.2)     (31.4)
RENTECH NITROGEN  2RN GR            328.0        (73.5)      43.7
RENTECH NITROGEN  RNF US            328.0        (73.5)      43.7
RENTPATH INC      PRM US            208.0        (91.7)       3.6
REVLON INC-A      REV US          1,926.6       (629.2)     322.1
REVLON INC-A      RVL1 GR         1,926.6       (629.2)     322.1
RURAL/METRO CORP  RURL US           303.7        (92.1)      72.4
RYERSON HOLDING   7RY GR          1,855.4       (114.9)     681.2
RYERSON HOLDING   7RY TH          1,855.4       (114.9)     681.2
RYERSON HOLDING   RYI US          1,855.4       (114.9)     681.2
SALLY BEAUTY HOL  SBH US          2,189.6       (190.2)     819.6
SALLY BEAUTY HOL  S7V GR          2,189.6       (190.2)     819.6
SANCHEZ ENERGY C  SN US           1,935.3        (53.1)     206.7
SANCHEZ ENERGY C  13S GR          1,935.3        (53.1)     206.7
SANCHEZ ENERGY C  SN* MM          1,935.3        (53.1)     206.7
SANCHEZ ENERGY C  13S TH          1,935.3        (53.1)     206.7
SBA COMM CORP-A   SBJ TH          7,751.9     (1,133.2)      30.4
SBA COMM CORP-A   SBACEUR EU      7,751.9     (1,133.2)      30.4
SBA COMM CORP-A   SBAC US         7,751.9     (1,133.2)      30.4
SBA COMM CORP-A   SBJ GR          7,751.9     (1,133.2)      30.4
SCIENTIFIC GAM-A  TJW GR          9,486.5       (260.1)     741.2
SCIENTIFIC GAM-A  SGMS US         9,486.5       (260.1)     741.2
SEARS HOLDINGS    SEE TH         13,186.0       (906.0)   2,092.0
SEARS HOLDINGS    SEE GR         13,186.0       (906.0)   2,092.0
SEARS HOLDINGS    SHLD US        13,186.0       (906.0)   2,092.0
SILVER SPRING NE  9SI GR            517.9       (104.9)     (38.1)
SILVER SPRING NE  9SI TH            517.9       (104.9)     (38.1)
SILVER SPRING NE  SSNI US           517.9       (104.9)     (38.1)
SIRIUS XM CANADA  SIICF US          297.1       (132.8)    (177.9)
SIRIUS XM CANADA  XSR CN            297.1       (132.8)    (177.9)
SPIN MASTER -SVC  SP9 GR            280.5        (52.3)    (156.7)
SPIN MASTER -SVC  TOY CN            280.5        (52.3)    (156.7)
SPORTSMAN'S WARE  06S GR            325.9        (24.2)      81.4
SPORTSMAN'S WARE  SPWH US           325.9        (24.2)      81.4
STINGRAY - SUB V  RAY/A CN          128.2        (17.8)     (41.0)
STINGRAY DIG-VSV  RAY/B CN          128.2        (17.8)     (41.0)
SUPERVALU INC     SVU US          4,491.0       (561.0)     (77.0)
SUPERVALU INC     SJ1 GR          4,491.0       (561.0)     (77.0)
SUPERVALU INC     SJ1 TH          4,491.0       (561.0)     (77.0)
SYNERGY PHARMACE  SGYP US           164.8        (21.9)     147.2
SYNERGY PHARMACE  S90 GR            164.8        (21.9)     147.2
SYNERGY PHARMACE  SGYPEUR EU        164.8        (21.9)     147.2
THERAVANCE        THRX US           462.1       (294.0)     231.7
THERAVANCE        HVE GR            462.1       (294.0)     231.7
THRESHOLD PHARMA  NZW1 GR            73.9        (26.3)      46.6
THRESHOLD PHARMA  THLD US            73.9        (26.3)      46.6
TRANSDIGM GROUP   TDG US          8,350.4     (1,169.0)   1,349.8
TRANSDIGM GROUP   T7D GR          8,350.4     (1,169.0)   1,349.8
TRINET GROUP INC  TN3 GR          1,557.0         (7.9)      50.7
TRINET GROUP INC  TNET US         1,557.0         (7.9)      50.7
TRINET GROUP INC  TNETEUR EU      1,557.0         (7.9)      50.7
TRINET GROUP INC  TN3 TH          1,557.0         (7.9)      50.7
UNISYS CORP       USY1 TH         2,163.6     (1,455.9)     177.2
UNISYS CORP       UIS US          2,163.6     (1,455.9)     177.2
UNISYS CORP       UISEUR EU       2,163.6     (1,455.9)     177.2
UNISYS CORP       USY1 GR         2,163.6     (1,455.9)     177.2
UNISYS CORP       UISCHF EU       2,163.6     (1,455.9)     177.2
UNISYS CORP       UIS1 SW         2,163.6     (1,455.9)     177.2
VECTOR GROUP LTD  VGR GR          1,462.8         (1.7)     514.4
VECTOR GROUP LTD  VGR US          1,462.8         (1.7)     514.4
VENOCO INC        VQ US             598.9       (151.0)     207.6
VERISIGN INC      VRSN US         2,570.7       (994.3)     (15.0)
VERISIGN INC      VRS GR          2,570.7       (994.3)     (15.0)
VERISIGN INC      VRS TH          2,570.7       (994.3)     (15.0)
VERIZON TELEMATI  HUTC US           110.2       (101.6)    (113.8)
VERSEON CORP      VSN LN              -            -          -
VIRGIN MOBILE-A   VM US             307.4       (244.2)    (138.3)
W&T OFFSHORE INC  WTI US          2,085.0         (0.8)     (95.1)
W&T OFFSHORE INC  UWV GR          2,085.0         (0.8)     (95.1)
WEIGHT WATCHERS   WTW US          1,341.2     (1,347.5)    (207.2)
WEIGHT WATCHERS   WW6 GR          1,341.2     (1,347.5)    (207.2)
WEIGHT WATCHERS   WTWEUR EU       1,341.2     (1,347.5)    (207.2)
WEIGHT WATCHERS   WW6 TH          1,341.2     (1,347.5)    (207.2)
WEST CORP         WSTC US         3,549.9       (625.9)     265.3
WEST CORP         WT2 GR          3,549.9       (625.9)     265.3
WESTERN REFINING  WNRL US           441.6        (27.7)      66.8
WESTERN REFINING  WR2 GR            441.6        (27.7)      66.8
WESTMORELAND COA  WME GR          1,777.6       (422.8)      40.1
WESTMORELAND COA  WLB US          1,777.6       (422.8)      40.1
WINGSTOP INC      EWG GR            117.4        (17.4)       6.0
WINGSTOP INC      WING US           117.4        (17.4)       6.0
WINMARK CORP      GBZ GR             45.3        (41.5)      11.5
WINMARK CORP      WINA US            45.3        (41.5)      11.5
WYNN RESORTS LTD  WYR GR          9,283.0       (110.7)     860.6
WYNN RESORTS LTD  WYNN US         9,283.0       (110.7)     860.6
WYNN RESORTS LTD  WYNN* MM        9,283.0       (110.7)     860.6
WYNN RESORTS LTD  WYR TH          9,283.0       (110.7)     860.6
WYNN RESORTS LTD  WYR QT          9,283.0       (110.7)     860.6
WYNN RESORTS LTD  WYNNCHF EU      9,283.0       (110.7)     860.6
WYNN RESORTS LTD  WYNN SW         9,283.0       (110.7)     860.6
XERIUM TECHNOLOG  TXRN GR           578.2        (95.4)      75.9
XERIUM TECHNOLOG  XRM US            578.2        (95.4)      75.9
YRC WORLDWIDE IN  YRCW US         1,968.6       (445.2)     200.4
YRC WORLDWIDE IN  YEL1 TH         1,968.6       (445.2)     200.4
YRC WORLDWIDE IN  YEL1 GR         1,968.6       (445.2)     200.4


                            *********

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 ***