TCR_Public/151001.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, October 1, 2015, Vol. 19, No. 274

                            Headlines

30DC INC: Needs More Time to File Fiscal 2015 Annual Report
ALEXZA PHARMACEUTICALS: Issues $5 Million Note to Grupo Ferrer
ALEXZA PHARMACEUTICALS: Retains Guggenheim to Explore Options
ALIMERA SCIENCES: Incurs $8.6-Mil. Net Loss for Second Quarter
ALROSE ALLEGRIA: U.S. Trustee to Schedule Another 341 Meeting

AOXING PHARMACEUTICAL: Delays Fiscal 2015 Form 10-K
ARIZONA CHEMICAL: Moody's Puts Ba3 Rating on Review for Downgrade
ATLANTIC & PACIFIC: Auction of Stores Starts Today
ATLANTIC & PACIFIC: No Admin. Priority for Hudson Energy Claim
BAHA MAR: Northshore Mainland to File Schedules and Statements

BPZ RESOURCES: Committee May Retain Akin Gump as Counsel
CACHE INC: Oct. 19 Hearing on Structured Case Dismissal Bid
CAESARS ENTERTAINMENT: Has Until Oct. to Fix Wilmington Trust Rift
CHINA GENSING: Needs More Time to File Fiscal 2015 Form 10-K
CROSSFOOT ENERGY: Authorized to Borrow $500K in DIP Loan

CRP-2 HOLDINGS: Committee Objects to Imposition of Challenge Date
CTI BIOPHARMA: Registers 1.9-Mil. Shares Under 2007 Stock Plan
DAIICHI CHUO: Court Issues Temporary Restraining Order
DANDRIT BIOTECH: Incurs $2.67 Million Net Loss in H1 2015
DARLING INGREDIENTS: S&P Affirms 'BB+' CCR, Outlook Negative

ELEPHANT TALK: Steven van der Velden to Quit as CEO
ENERGY FUTURE: Hunt Seeks Texas Regulator's Approval on Oncor Deal
ENERGY TRANSFER: Moody's Affirms Ba2 CFR, Outlook Positive
ERG INTERMEDIATE: Court Approves 3rd Amendment to DIP Facility
ERG INTERMEDIATE: Has Until Nov. 22 to Solicit Acceptances of Plan

EXIDE TECHNOLOGIES: Alleges Glencore Blocking Price-Fix Probe
FLOWORKS INTERNATIONAL: S&P Lowers Corp. Credit Rating to 'SD'
FONU2 INC: Posts $1.9-Mil. Net Loss for June 30 Quarter
FREDERICK'S OF HOLLYWOOD: Plan Outline Wins Court Approval
GETTY IMAGES: S&P Lowers CCR to 'CCC+', Outlook Negative

GREEKTOWN HOLDINGS: Trustee Aims to Extend Trust for 3 More Years
GYMBOREE CORP: Moody's Retains Ratings Over $225MM Revolver Extn.
HAGGEN FOOD: To Exit Pacific Southwest After Bankruptcy Filing
IMPLANT SCIENCES: Incurs $21.5 Million Net Loss in Fiscal 2015
INSITE VISION: Amends Merger Agreement with Sun Pharma

INTERPHASE CORP: Files Voluntary Chapter 7 Bankruptcy Petition
INTERSIL CORP: Moody's Withdraws Ba3 Corporate Family Rating
JDA HOLDING: Moody's Assigns B2 CFR, Outlook Stable
KRATON PERFORMANCE: Moody's Puts Ba3 CFR on Review for Downgrade
LANCASTER COUNTY HOSP: Fitch Affirms BB+ Rating on 2012 Rev. Bonds

LANDMARK ACADEMY: S&P Lowers Rating on Revenue Bonds to 'BB-'
LATTICE SEMICONDUCTOR: Moody's Lowers CFR to B2, Outlook Stable
LOCAL CORP: Oct. 15 Hearing on Deal to Resolve Fast Pay Claim
MARYSVILLE CITY, CA: Moody's Lowers 2011 COPs Rating to B2
MEDICAL ALARM: Delays Fiscal 2015 Form 10-K for Review

MEDIMPACT HOLDINGS: S&P Raises CCR to 'B+', Outlook Positive
METALICO INC: Terminates Registration of Securities
MOLYCORP INC: $3 Million Executive Bonus Plan Challenged
MOLYCORP INC: Defends $3 Million Executive Incentive Plan
NATROL INC: Debtors Seek to Extend Removal Period to Jan. 4, 2016

NATROL INC: Debtors' Liquidating Plan Has June 17 Effective Date
NEW YORK TIMES: Gains Edge Over Tribune with Digital Expansion
NEXSTAR BROADCASTING: S&P Affirms 'B+' CCR, Outlook Remains Pos.
NRAD MEDICAL: Sale of RT Unit to St. Francis Hospital Okayed
ORION PROCESSING: Ex-Execs Slam CFPB Over $67MM Debt-Relief Scheme

ORLANDO GATEWAY: Carson Good Files Plan, Wants Oct. 15 Hearing
ORLANDO GATEWAY: Files Plan, Wants Auction for New Investor
ORLANDO GATEWAY: SummitBridge Proposes Sale-Based Ch. 11 Plan
PARKER DRILLING: S&P Affirms 'B+' CCR & Revises Outlook to Neg.
PATRIOT COAL: Fifth Third Joins Barclays Bid for Ch. 7 Conversion

PENSACOLA CANDY: Case Summary & 9 Largest Unsecured Creditors
PLANDAI BIOTECHNOLOGY: Delays 2015 Form 10-K Filing
PRECISION OPTICS: Needs More Time to File Fiscal 2015 Form 10-K
QUICKSILVER RESOURCES: Court Asked to Extend 'Challenge' Period
QUICKSILVER RESOURCES: Deloitte's John Little to Get $650 Per Hour

QUICKSILVER RESOURCES: Meets with 2nd Lien Lenders and Noteholders
QUICKSILVER RESOURCES: Norton Rose Files Rule 2019 Statement
QUICKSILVER RESOURCES: Reports $172-Mil. Net Loss in Q2
QUICKSILVER RESOURCES: Starts Sale Process Without Stalking Horse
QUINCY NEWSPAPERS: Moody's Assigns B2 CFR, Outlook Stable

RABBE FARMS: Case Summary & 18 Largest Unsecured Creditors
RIVERNORTH FIVE: Case Summary & 17 Largest Unsecured Creditors
RIVERWEST SEVEN: Case Summary & 17 Largest Unsecured Creditors
ROSETTA GENOMICS: Delays June 30 Report Over Accounting Issues
SABINE OIL: Court Approves Fixed Bonus Award Program

SABINE OIL: Files Schedules of Assets and Liabilities
SABINE OIL: Taps Deloitte & Touch as Independent Auditor
SERES DE VIDA: Case Summary & 6 Largest Unsecured Creditors
SRP PLAZA: Has Access to Cash Pending Filing of Revised Plan
STEREOTAXIS INC: Extends Warrants Offering Subscription Period

TRIGEANT LTD: Loading Arms Sold to Gravity, Court Confirms
TRUE RELIGION: Moody's Lowers CFR to Caa1, Outlook Stable
TS EMPLOYMENT: 341 Meeting of Creditors Moved to Dec. 14
WALTER ENERGY: Cowin & Company Resigns from Creditors' Committee
WALTER ENERGY: May Use Cash Collateral Until Oct. 21

[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

30DC INC: Needs More Time to File Fiscal 2015 Annual Report
-----------------------------------------------------------
30DC, Inc. filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its annual report on Form 10-K for the year ended
June 30, 2015.

The Company said it was unable to prepare its accounting records
and schedules in sufficient time to allow its accountants to
complete their review of its financial statements for the period
ended June 30, 2015, before the required filing date for the
subject Annual Report on Form 10-K.  The Company intends to file
the Annual Report on or before the 15th calendar day following the
prescribed due date.

                          About 30DC Inc.

New York-based 30DC, Inc., provides Internet marketing services
and related training to help Internet companies in operating their
businesses.  It operates in two divisions, 30 Day Challenge and
Immediate Edge.

As of March 31, 2015, the Company had $2.49 million in total
assets, $2.24 million in total liabilities and $252,000 in total
stockholders' equity.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the
year ended June 30, 2014.  The independent auditors noted that
the Company has accumulated losses from operations since
inception and has a working capital deficit as of June 30, 2014.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


ALEXZA PHARMACEUTICALS: Issues $5 Million Note to Grupo Ferrer
--------------------------------------------------------------
Alexza Pharmaceuticals, Inc., on Sept. 28, 2015, issued a
promissory note to Grupo Ferrer Internacional, S.A. in the maximum
principal amount of $5 million, according to a regulatory filing
with the Securities and Exchange Commission.

The terms of the Ferrer Note provide that (i) Ferrer will loan to
Alexza up to $5 million in two tranches of $3 million and $2
million, respectively, (ii) Ferrer will make the initial tranche of
$3 million available to Alexza on Sept. 28, 2015, and Alexza will
have the option to borrow the second tranche of $2 million at any
time on or after Jan. 1, 2016, (iii) interest will accrue on the
outstanding principal at the rate of 6% per annum, compounded
monthly, through May 31, 2016, (iv) all outstanding principal and
accrued interest under the Ferrer Note is due and payable upon
Ferrer's demand on May 31, 2016, (v) Alexza may prepay the Ferrer
Note at any time without premium or penalty, and (vi) Alexza will
issue to Ferrer 125,000 shares of Alexza's common stock as of the
date that Ferrer makes the first tranche of $3 million available to
Alexza as partial consideration for the loan.

                            About Alexza
  
Mountain View, California-based Alexza Pharmaceuticals, Inc., was
incorporated in the state of Delaware on Dec. 19, 2000, as FaxMed,
Inc.  In June 2001, the Company changed its name to Alexza
Corporation and in December 2001 became Alexza Molecular Delivery
Corporation.  In July 2005, the Company changed its name to Alexza
Pharmaceuticals, Inc.

The Company is a pharmaceutical development company focused on the
research, development, and commercialization of novel proprietary
products for the acute treatment of central nervous system
conditions.

As of June 30, 2015, the Company had $32.6 million in total assets,
$96.5 million in total liabilities and a stockholders' deficit of
$63.9 million.

Alexza Pharmaceuticals reported a net loss of $36.7 million in 2014
compared to a net loss of $39.6 million in 2013.

Ernst & Young LLP, in Redwood City, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


ALEXZA PHARMACEUTICALS: Retains Guggenheim to Explore Options
-------------------------------------------------------------
Alexza Pharmaceuticals, Inc., announced that it has retained
Guggenheim Securities, LLC to assist in exploring strategic options
to enhance stockholder value, including a possible sale or
disposition of one or more corporate assets, a strategic business
combination, partnership or other transactions.

"We continue to see long-term opportunities for our Staccato
inhaled drug technology, especially in light of the positive
responses from physicians and patients who have used our lead
product, ADASUVE," said Thomas B. King, president and CEO of
Alexza.  "Our Board is focused on evaluating additional options
that may enhance or accelerate the value that we believe is
inherent in an approved technology-platform product, which has been
successfully screened for numerous drugs as a novel delivery method
that enables pharmacokinetics similar to intravenous
administration.  Given this strength of our Staccato technology, we
believe now is the appropriate time to explore strategic
alternatives."

                            About Alexza
  
Mountain View, California-based Alexza Pharmaceuticals, Inc., was
incorporated in the state of Delaware on Dec. 19, 2000, as FaxMed,
Inc.  In June 2001, the Company changed its name to Alexza
Corporation and in December 2001 became Alexza Molecular Delivery
Corporation.  In July 2005, the Company changed its name to Alexza
Pharmaceuticals, Inc.

The Company is a pharmaceutical development company focused on the
research, development, and commercialization of novel proprietary
products for the acute treatment of central nervous system
conditions.

As of June 30, 2015, the Company had $32.6 million in total assets,
$96.5 million in total liabilities and a stockholders' deficit of
$63.9 million.

Alexza Pharmaceuticals reported a net loss of $36.7 million in 2014
compared to a net loss of $39.6 million in 2013.

Ernst & Young LLP, in Redwood City, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


ALIMERA SCIENCES: Incurs $8.6-Mil. Net Loss for Second Quarter
--------------------------------------------------------------
Alimera Sciences, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $8.60 million on $5.78 million of net revenue for the three
months ended June 30, 2015, compared with net income of $1.12
million on $2.19 million of net revenue for the same period  in the
prior year.

The Company's balance sheet at June 30, 2015, showed $87.3 million
in total assets, $54.0 million in total liabilities and total
stockholders' equity of $33.3 million.

The Company's negative cash flow from operations and accumulated
deficit raise substantial doubt about its ability to continue as a
going concern.

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

                       http://is.gd/hf8WnV
                          
                      About Alimera Sciences

Alpharetta, Ga.-based Alimera Sciences, Inc., is a
biopharmaceutical company that specializes in the research,
development and commercialization of prescription ophthalmic
pharmaceuticals.  The Company is presently focused on diseases
affecting the back of the eye, or retina, because it believes
these diseases are not well treated with current therapies and
represent a significant market opportunity.

The Company reported a net loss of $9.79 million on $3.94 million
of revenues for the three months ended March 31, 2015, compared
with a net loss of $20.8 million on $2.08 million of revenue for
the same period last year.

The Company's balance sheet at March 31, 2015, showed $96.8 million

in total assets, $56.3 million in total liabilities, and
stockholders' equity of $40.6 million.


ALROSE ALLEGRIA: U.S. Trustee to Schedule Another 341 Meeting
-------------------------------------------------------------
The meeting of creditors of Alrose Allegria LLC has been adjourned
to a date to be determined by the U.S. trustee, which oversees the
company's Chapter 11 case, according to a filing with the U.S.
Bankruptcy Court for the Southern District of New York.

The meeting was previously scheduled for Sept. 18, 2015.

The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                      About Alrose Allegria

Alrose Allegria LLC sought Chapter 11 protection (Bankr. S.D.N.Y.
Case No. 15-11760) in Manhattan on July 2, 2015, estimating $10
million to $50 million in assets and $1 million to $10 million in
debt.  Allen Rosenberg, managing member of Alrose Allegria and
president of the Alrose Group, signed the bankruptcy petition.  The
Debtor tapped Richard J. Bernard, Esq., at Foley & Lardner LLP, in
New York, as counsel.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due Oct. 30, 2015.   The initial case
conference was set for Aug. 3, 2015.  

In July 2011, another unit of the Alrose Group, Alrose King David
LLC filed for Chapter 11 bankruptcy protection (Bankr. E.D.N.Y.
Case No. 11-75361) in Brooklyn.  Alrose King David LLC was a
special entity established by the Alrose Group to own the 143-room,
beachfront hotel property called the Allegria Hotel & Spa in Long
Beach, Long Island.  Alrose King David won approval of its
reorganization plan in March 2012.


AOXING PHARMACEUTICAL: Delays Fiscal 2015 Form 10-K
---------------------------------------------------
Aoxing Pharmaceutical Company, Inc., filed with the U.S. Securities
and Exchange
Commission a Notification of Late Filing on Form
12b-25 with
respect to its annual report on Form 10-K for the year ended June
30, 2015.  The Company said its Annual Report could not be filed
within the required time because there was a delay in completing
the procedures necessary to close the books for the year.

                            About Aoxing

Aoxing Pharmaceutical Company, Inc., is a Jersey City, New Jersey-
based specialty pharmaceutical company.  The Company is engaged in
the development, production and distribution of pain-management
products, narcotics and other drug-relief medicine.

In its report on the consolidated financial statements for the
year ended June 30, 2014, BDO China Shu Lun Pan Certified Public
Accountants LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company
continues to incur losses from operations, has negative cash flow
from operations and a working capital deficit.

The Company reported a net loss of $8.63 million for the fiscal
year ended June 30, 2014, compared to a net loss of $17.3 million
for the year ended June 30, 2013.


ARIZONA CHEMICAL: Moody's Puts Ba3 Rating on Review for Downgrade
-----------------------------------------------------------------
Moody's Investors Service placed Arizona Chemical Holdings
Corporation's Ba3 ratings under review for downgrade following the
announcement that Kraton Performance Polymers, Inc. (Kraton, Ba3,
ratings under review for downgrade) has entered into an agreement
to acquire Arizona for $1.37 billion.  The proposed transaction is
projected to include a refinancing of the entire debt of the
combined companies ($1.775 billion in total debt), which should
retire all of Arizona Chemical's outstanding debt.  If the
financing for the acquisition is completed as planned Arizona
Chemical's ratings would be withdrawn.  The transaction values
Arizona Chemical at 7.4x EBITDA for the LTM ending June 30, 2015,
or 5.5x including synergies.  The acquisition is subject to
regulatory approvals and is expected to close by the end of 2015 or
beginning of 2016.

These summarizes the rating actions:

Arizona Chemical Holdings Corporation

  Corporate Family Rating: Under Review for Downgrade, currently
   Ba3
  Probability of Default: Under Review for Downgrade, currently
   Ba3-PD
  Outlook changed to Under Review for Downgrade from Stable

AZ Chem US Inc.

  Gtd Sr. Sec Revolving Credit Facility: Under Review for
   Downgrade, currently Ba3, LGD3
  Sr. Sec 1st Lien Term Loan: Under Review for Downgrade,
   currently Ba3, LGD3
  Sr. Sec 2nd Lien Term Loan: Under Review for Downgrade,
   currently B1, LGD4
  Outlook changed to Under Review for Downgrade from Stable

RATINGS RATIONALE

Arizona Chemical's review for downgrade reflects the expected
increase in Kraton's leverage following the acquisition and the
possibility that the proposed capital structure could change. Under
the planned deal, Kraton's leverage would meaningfully increase to
roughly $1.775 billion of total balance sheet debt. The proposed
capital structure is in the form of a $1.35 billion covenant-lite
term loan, $425 million senior unsecured notes, and a new $250
million ABL revolving facility, however the final capital structure
may ultimately differ.  Should the acquisition be fully debt
financed as indicated, it could result in Kraton's pro forma
leverage near 7.0x, for LTM June 30, 2015, or 5.6x with synergies
of approximately $65 million.  (Ratios include Moody's Standard
Adjustments estimated for the transaction.)

The review will focus on the completion of the transaction and the
refinancing of Arizona Chemical's debt.  Kraton's final leverage
will depend on the ultimate capital structure as well as the
expected improvement in both Kraton and Arizona Chemical's
performance in the second half of 2015, which could improve the pro
forma LTM leverage by over a turn to 5.8x, or 4.8x including
synergies.  Additionally, the combined free cash flow generation
capabilities, anticipated synergies, benefits from the NOL tax
shield, and leverage targets, including debt reduction plans will
be reviewed.  Typical integration risks will also be considered as
part of the Arizona Chemical acquisition as well as the
continuation of the advantaged CTO and CST feedstock position.

Kraton has secured $1.37 billion in committed financing from Credit
Suisse Securities (USA) LLC, Nomura Securities International, Inc.,
and Deutsche Bank Securities, Inc.

The principal methodology used in this rating was Global Chemical
Industry Rating Methodology published in December 2013.

Kraton Performance Polymers, Inc., headquartered in Houston, Texas,
is a leading global producer of styrenic block copolymers (SBCs),
which are synthetic elastomers used in industrial and consumer
applications to impart favorable product characteristics such as
flexibility, resilience, strength, durability and processability.
Major end uses for Kraton's products include personal care
products, packaging and films, IR Latex, adhesives, sealants,
coatings, and compounds.  Kraton also makes products that serve the
paving and roofing industries.  The company generated revenues of
$1.1 billion for the LTM period ending
June 30, 2015.

Arizona Chemical Holdings Corporation (Arizona Chemical),
headquartered in Jacksonville, Florida, is a global leader in the
production and sales of pine based specialty chemicals.  Arizona
Chemical was acquired by private equity sponsor American Securities
LLC in 2010, from private equity owner Rhône Capital LLC, who
retained a minority interest.  The initial owner, International
Paper (Baa3), also retains a minority interest and provides key
feedstock supply contracts with Arizona Chemical.  The company had
sales of $860 million for the LTM ending June 30, 2015.



ATLANTIC & PACIFIC: Auction of Stores Starts Today
--------------------------------------------------
The Great Atlantic & Pacific Tea kicks off a two-day auction of
certain of its outlets.  The sale will include three Food Emporium
outlets in New York.

The so-called Global Auction has been scheduled for October 1 and
2, 2015, at 9:30 a.m. at the offices of Weil, Gotshal & Manges LLP,
located at 767 Fifth Avenue, New York 10153.

With respect to three New York locations, the Debtors said in court
filings they have designated a stalking horse bidder and that the
initial bidder has offered to acquire each of the locations at the
following price:

          Location         Purchase Price
          --------         --------------
     1331 1st Avenue, NY     $10,500,000
     810 8th Avenue, NY       $7,000,000
     1066 3rd Avenue, NY      $4,750,000

In the event the Debtors decide to sell any of those locations to
another buyer, they will have to pay the initial bidder a breakup
fee of:

          Location           Breakup Fee
          --------           -----------
     1331 1st Avenue, NY        $315,000
     810 8th Avenue, NY         $210,000
     1066 3rd Avenue, NY        $142,500

On August 11, 2015, the Bankruptcy Court for the Southern District
of New York approved the so-called Discrete Sale and Lease
Rationalization Procedures.  Those guidelines, among other things,
authorized the Debtors to (i) hold an auction in connection with
the sale of one or more of the so-called Additional Stores, (ii)
establish any rules for such auction that the Debtors determine, in
consultation with certain parties-in-interest, are appropriate to
promote a spirited and robust auction, and (iii) designate a
Stalking Horse and offer Bid Protections; provided that the Bid
Protections shall not exceed 3% of the cash portion of the Stalking
Horse's Bid.

On September 18, 2015, the Debtors filed a Notice of Auction
Pursuant to Discrete Sale and Lease Rationalization Procedures
designating a bidder as a stalking horse bidder with respect to the
three NY locations.

                      Deals with Acme, Stop & Shop

Another court filing by Stephen Goldstein, Senior Managing Director
of Evercore Group L.L.C., the Debtors' investment bankers,
disclosed that:

     -- 70 of the stores are being sold to Acme Markets, Inc., and

     -- 24 of the stores are going to Stop & Shop Supermarket
Company, LLC

On July 19, 2015, following the months-long process of marketing
the Debtors' stores, Acme submitted a binding bid for 76 of the
Debtors' stores (which bid was later reduced to 70 stores in
accordance with the Acme stalking horse agreement) and Stop & Shop
submitted a binding bid for 25 of the Debtors' stores (of which the
Debtors now seek approval to sell 24 stores).

On August 11, 2015, the Court entered an order approving the Global
Bidding Procedures and authorizing the Debtors to proceed with the
marketing and sales process that began prepetition.  Under the
Global Bidding Procedures, the original deadline for parties to
submit Qualified Bids for the Debtors' stores and related assets
was September 11, 2015 at 5:00 p.m. (Eastern Time).  

Prior to the Global Bid Deadline, the Debtors extended the deadline
for parties to submit Qualified Bids to September 17, 2015 at 5:00
p.m.  Prior to the Extended Bid Deadline, the Debtors extended the
Extended Bid Deadline to September 21, 2015 at 5:00 p.m. for (i)
all stores other than those included in the Initial Sale Packages
and (ii) the store located in Mount Kisco, New York.  About 177
stores covered by the Extended Bid Deadline.

The Debtors determined to extend the Bid Deadline and adjourn the
Auction and Sale Hearing to provide all interested parties with
sufficient time to submit Qualified Bids and to avoid logistical
complications arising from the timing of Pope Francis' visit to New
York City, the General Assembly of the United Nations and certain
religious holidays.

The Debtors also adjourned the Sale Hearing to approve Successful
Bids at the Auction to October 16, 2015 at 10:00 a.m.

Mr. Goldstein disclosed that upon the passage of the Extended Bid
Deadline, the Debtors had received over 100 bids for a substantial
majority of all of the Debtors' stores. Bidders had placed bids
and/or indications of interest on a total of 39 of the 70 stores
included in the Acme Initial Sale Package and 16 of the 24 stores
included in the Stop & Shop Initial Sale Package. Even if one were
to consider the highest bids received on each of the stores
included in an Initial Sale Package, he said the aggregate value of
such bids would not exceed the total consideration provided by such
Initial Sale Package.

According to Mr. Goldstein, pursuant to the Global Bidding
Procedures, because the Debtors did not receive a bid (or
combination of bids) for all of the stores included in either the
Acme Initial Sale Package or the Stop & Shop Initial Sale Package,
the bids of Acme and Stop & Shop constitute the only Qualified Bids
received for the Initial Sale Packages. Accordingly, the Debtors
have cancelled the Auction with respect to all stores included in
the Initial Sale Packages (other than the Separable Stores).

The Asset Purchase Agreement by and among A&P, Super Fresh Food
Markets, Inc., Waldbaum, Inc., Pathmark Stores, Inc., A&P Live
Better, LLC, Tradewell Foods of Conn., Inc., A&P Real Property,
LLC, and Acme dated July 19, 2015, permits Acme to remove certain
stores from its Qualified Bid under certain circumstances. Stores
subject to removal from a stalking horse bidder's Qualified Bid are
referred to as "Separable Stores."

The Asset Purchase Agreement by and among A&P, APW Supermarkets,
Inc., Pathmark Stores, Inc., A&P Real Property, LLC, and Stop &
Shop dated July 19, 2015, provides Stop & Shop with the same
rights.

In accordance with the Initial Sale APAs, six Separable Stores were
removed from Acme's original bid of 76 stores; Acme's Qualified Bid
now covers 70 stores. Those stores will be subject to an Auction.
The Mount Kisco Store (which is a Separable Store under the Stop &
Shop APA) received a competitive overbid. Accordingly, Stop &
Shop's Qualified Bid now covers 24 stores, and the Mount Kisco
Store will be subject to an Auction without the need for the
Debtors to pay a breakup fee.

"The present proposed sales of the Initial Sale Packages to Acme
and Stop & Shop pursuant to the Initial Sale APAs are the highest
and best offers attainable at this time for the assets in the
Initial Sale Packages," Mr. Goldstein attested to the Court in a
signed affidavit.

"I believe that, in light of the comprehensive pre- and
postpetition sale and marketing process and the arms' length
negotiations with Acme, Stop & Shop, and the parties that submitted
bids under the Global Bidding Procedures, a comprehensive sale
process has been conducted and did not result in any better offers
for the Initial Sale Packages. Acme and Stop & Shop, respectively,
conducted themselves in good faith during their negotiations and
transactions. Moreover, any delay in consummating the sales of the
Initial Sale Packages would unduly threaten the success of these
Cases and harm all parties in interest, particularly in light of
the milestone contained in the Debtors' Junior Lien DIP Facility
that requires the entry of sale orders approving sale transactions
with a minimum value of $275 million by October 15, 2015. I believe
that the Debtors' sale of the Initial Sale Packages to Acme and
Stop & Shop, respectively, . . . constitutes a sound and reasonable
exercise of the Debtors' business judgment."

A list of the stories is available at
http://bankrupt.com/misc/AP&ListofStores.pdf

Interested parties may contact the Debtors' representative or
advisors for concerns regarding the sale process:

     (A) Gregory Apter of Hilco Real Estate LLC
         gapter@hilcoglobal.com

     (B) Stephen Goldstein and Paul Billyard of Evercore Group LLC
         stephen.goldstein@evercore.com
         billyard@evercore.com

     (C) Ray Schrock and Garrett Fail of Weil, Gotshal & Manges
LLP
         ray.schrock@weil.com
         garrett.fail@weil.com

                      About Atlantic & Pacific

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

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

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

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

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

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

Elise S. Frejka was appointed as consumer privacy ombudsman.


ATLANTIC & PACIFIC: No Admin. Priority for Hudson Energy Claim
--------------------------------------------------------------
Y. Peter Kang at Bankruptcy Law360 reported that a New York federal
judge on Sept. 24, 2015, upheld a bankruptcy court's ruling that
Hudson Energy Services LLC can't take priority in Chapter 11
bankruptcy proceedings for the owner of Great Atlantic & Pacific
Tea Co. and its affiliates' supermarkets, saying the almost
$900,000 worth of electricity Hudson provided the grocery chain
can't be defined as movable goods.

Hudson said it sold $876,000 in electricity to the Debtors and
sought administrative priority under a section of the bankruptcy
code.

                      About Atlantic & Pacific

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

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

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

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

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

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

Elise S. Frejka was appointed as consumer privacy ombudsman.


BAHA MAR: Northshore Mainland to File Schedules and Statements
--------------------------------------------------------------
Northshore Mainland Services Inc. was expected to file its
schedules of assets and liabilities, and statements of financial
affairs on Sept. 30, 2015, pursuant to the order issued by the Hon.
Kevin J. Carey of the U.S. Bankruptcy Court for the District of
Delaware.

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

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

                            *     *     *

In September 2015, Judge Carey dismissed the Chapter 11 proceedings
filed in the Delaware court by Baha Mar chief executive officer
Sarkis Izmirlian, ruling in favor of the contractor on the project,
China Construction America (CCA), and its financier, the China
Export-Import Bank (CEXIM); but denied the motion to dismiss
Northshore Mainland Services, Inc.'s bankruptcy case.


BPZ RESOURCES: Committee May Retain Akin Gump as Counsel
--------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas
authorized the Official Committee of Unsecured Creditors for BPZ
Resources Inc. to retain Akin Gump Strauss Hauer & Feld LLP as its
counsel.

The firm will:

   a) advise the Committee with respect to its rights, duties and
powers in the Debtor's chapter 11 case;

   b) assist and advise the Committee in its consultations and
negotiations with the Debtor relative to the administration of the
Debtor's chapter 11 case;

   c) assist the Committee in analyzing the claims of the Debtor's
creditors and the Debtor's capital structure and in negotiating
with holders of claims and equity interests;

   d) assist the Committee in its investigation of the acts,
conduct, assets, liabilities and financial condition of the Debtor
and its insiders of the operation of the Debtor's business;

   e) assist the Committee in its analysis of, and negotiations
with, the Debtor or any third party concerning matters related to,
among other things, the assumption or rejection of certain leases
of non-residential real property and executory contracts, asset
dispositions, financing of other transactions and the terms of one
or more plans of reorganization for the Debtor and accompanying
disclosure statements and related plan documents;

   f) assist and advise the Committee as to its communications to
the general creditor body regarding significant matters in the
Debtor's chapter 11 case;

   g) represent the Committee at all hearings and other proceedings
before this Court;

   h) review and analyze applications, orders, statements of
operations and schedules filed with the Court and advise the
Committee as to their propriety and, to the extent deemed
appropriate by the Committee, support, join or object thereto;

   i) advise and assist the Committee with respect to any
legislative, regulatory or governmental activities;

   j) assist the Committee in preparing pleadings and applications
as may be necessary in furtherance of the Committee's interests and
objectives;

   k) assist the Committee in its review and analysis of all of the
Debtor's various agreements;

   l) prepare, on behalf of the Committee, any pleadings,
including, without limitation, motions, memoranda, complaints,
adversary complaints, objections or comments in connection with any
matter related to the Debtor or the Debtor's chapter 11 case;

   m) investigate and analyze any claims against the Debtor's
non-debtor affiliates; and

   n) perform such other legal services as may be required or are
otherwise deemed to be in the interests of the Committee in
accordance with the Committee's powers and duties as set forth in
the Bankruptcy Code, Bankruptcy Rules or other applicable law.

The current hourly rates charged by Akin Gump for professionals and
paraprofessionals:

   Professionals                   Hourly Rate
   -------------                   -----------
   Michael S. Stamer, Esq.         $1,250
   Meredith A. Lahaie, Esq.        $850
   Naomi Moss, Esq.                $725
   Edward A. Mishan, Esq.          $495

   Billing Category                Range
   ----------------                -----------
   Partners                        $700-$1,300
   Senior Counsel and Counsel      $545-$930
   Associates                      $410-$775
   Paraprofessionals               $160-$375

Mr. Stamer assured the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

   Michael S. Stamer, Esq.
   Meredith A. Lahaie, Esq.
   Naomi Moss, Esq.
   Edward A. Mishan, Esq.
   Akin Gump Strauss Hauer & Feld LLP
   One Bryant Park
   New York, New York 10036
   Tel: +1 212.872.1025
   Fax:+1 212.872.1002
   Email: mstamer@akingump.com
          mlahaie@akingump.com
          nmoss@akingump.com
          emishan@akingump.com

                    About BPZ Resources

BPZ Energy -- http://www.bpzenergy.com/-- is an independent oil   
and gas exploration and production company which has license
contracts covering 1.9 million net acres in offshore and onshore
Peru.  BPZ Resources maintains an office in Victoria, Texas, and
through its subsidiaries maintains offices in Lima and Tumbes,
Peru, and Quito, Ecuador.

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

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

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

The U.S. trustee overseeing the Chapter 11 case of BPZ Resources
Inc. appointed five creditors of the company to serve on the
official committee of unsecured creditors.  Counsel for the
Committee are Charles R. Gibbs, Esq., at Akin Gump Strauss Hauer &
Feld LLP; and Michael S. Stamer, Esq., and Meredith A. Lahaie, Esq.


CACHE INC: Oct. 19 Hearing on Structured Case Dismissal Bid
-----------------------------------------------------------
BankruptcyData reported that Cache Inc., et al., filed with the
U.S. Bankruptcy Court a motion for entry of an order:

   i) dismissing the Chapter 11 cases;

  ii) authorizing the destruction, abandonment or other disposal of
remaining records and documents; and

iii) granting related relief.

The motion explains, "The Debtors believe that the structured
dismissal of their chapter 11 cases through the implementation of
the distribution procedures contemplated under this Motion will
maximize distributions to the holders of allowed administrative
claims as well as to the holders of unpaid employee health care
claims. The Motion provides a waterfall distribution of the
Debtors' remaining assets that would: (1) satisfy the outstanding
super priority claim of Great American Group, WG LLC, the purchaser
of substantially all of the Debtors' assets sold during the going
out of business sales conducted at the Debtors' former stores
earlier this year; (2) provide a contribution by GA of $200,000
from the proceeds of the going out of business sales (otherwise
payable to GA) for payment of the unpaid health care claims of the
Debtors' former employees; (3) limit payment of all professional
fees and expenses to the amounts set forth in the professional fee
escrow account under the existing debtor in possession financing
order (resulting in the non payment of a substantial amount of the
fees and expenses of the estate's major professionals who incurred
fees and expenses in excess of the professional escrow amount); and
(4) provide for the Debtors' remaining assets to be used for the
payment of all other timely filed administrative expense claims
(except for claims arising under Section 503(b)(9) of the
Bankruptcy Code, and post petition stub rent claims of landlords
which claims are being satisfied pursuant to a previously agreed
settlement) (the 'Remaining Administrative Claims'). . . .

The Debtors believe that the proposed structured dismissal and
payment of claims contemplated by this Motion will provide
administrative creditors and employee health claims holders with a
superior recovery on account of their claims than if the Debtors'
cases were converted to chapter 7 (which is the only other option).


The motion represents the best alternative for creditors to receive
the highest possible distributions on account of their claims under
the circumstances.  The Debtors believe that the motion is also
supported by all of the major parties in interest in these cases,
including GA, and the creditors' committee."

The Court scheduled an Oct. 19, 2015 hearing, with objections due
by Oct. 14, 2015.

                        About Cache, Inc.

Cache, Inc., operates 236 women's apparel specialty stores under
the trade name "Cache."  On Dec. 4, 2014, New York-based Cache
announced that it has received an inquiry from a third party
regarding a potential sale of the Company.

Cache, Inc., and its two affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No.15-10172) on Feb.
4, 2015.  The case is assigned to Judge Mary F. Walrath.

The Debtors are represented by Laura Davis Jones, Esq., Peter J.
Keane, Esq., and Colin R. Robinson, Esq., at Pachulski Stang
Ziehl& Jones LLP, in Wilmington, Delaware. The Debtors'
restructuring advisors is FTI Consulting Inc., while their
investment banker and financial advisor is Janney Montgomery Scott
LLC. Thompson Hine represents the Debtors in corporate and
securities matter, while Jackson Lewis P.C. represents the Debtors
in employment matters.

The Debtors' communications services provider is Epiq Systems,
Inc., while their noticing and claims management services provider
is Kurtzman Carson Consultants. A&G Realty Partners, LLC, serves
as the Debtors' real estate consultants.

The Debtors had total assets of $53.7 million and total liabilities
of $51.1 million as of Sept. 27, 2014. In its schedules, the Debtor
disclosed $38,793,006 in assets and $84,113,066 in liabilities.

The U.S. Trustee for Region 3 has appointed seven members to the
Official Committee of Unsecured Creditors in the Debtors' case. The
Committee retained Bayard, P.A., as local Delaware counsel, and
Otterbourg P.C. as lead bankruptcy counsel.


CAESARS ENTERTAINMENT: Has Until Oct. to Fix Wilmington Trust Rift
------------------------------------------------------------------
Jessica Corso at Bankruptcy Law360 reported that Caesars
Entertainment Operating Corp. asked an Illinois federal judge on
Sept. 29, 2015, to overturn a bankruptcy judge's ruling and put the
brakes on four creditor suits pending in New York and Delaware,
arguing that the creditors are trying to dig their hands into funds
CEOC needs to work itself out of bankruptcy.

CEOC attorney John O'Quinn urged U.S. District Judge Robert R.
Gettleman to stop the clock on several noteholder suits against
parent company Caesars Entertainment Corp.

In a separate report, Ms. Corso said that Caesars got another month
on Sept. 28, to argue against Wilmington Trust's request to protect
$554 million in unsecured claims in Illinois bankruptcy court,
while the creditor said it fears a new restructuring plan could
harm its chances of recouping the funds.

U.S. Bankruptcy Judge Benjamin Goldgar gave attorneys for Caesars
Entertainment Operating Co. Inc. until October to work out the
dispute with Wilmington Trust NA, after CEOC argued that Wilmington
was trying to make the case more complicated than it already was.

                  About Caesars Entertainment

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

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

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

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

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

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

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

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

                         *     *     *

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

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


CHINA GENSING: Needs More Time to File Fiscal 2015 Form 10-K
------------------------------------------------------------
China Ginseng Holdings Inc. was unable to file its annual report on
Form 10-K for the fiscal year ended June 30, 2015, by the filing
date of Sept. 28, 2015, due to a delay experienced by the Company
in completing its financial statements and other disclosures in the
Annual Report.  

The Company is still in the process of compiling the required
information to complete the Annual Report and its independent
registered public accounting firm requires additional time to
complete its audit of the financial statements for the fiscal year
ended June 30, 2015, to be incorporated in the Annual Report.  The
Company anticipates that it will file the Annual Report no later
than the 15 calendar days following the prescribed filing date.

                       About China Ginseng

Changchun City, China-based China Ginseng Holdings, Inc., conducts
business through its four wholly-owned subsidiaries located in
China.  The Company has been granted 20-year land use rights to
3,705 acres of lands by the Chinese government for ginseng
planting and it controls, through lease, approximately 750 acres
of grape vineyards.  However, recent harvests of grapes showed
poor quality for wine production which indicates that the
vineyards are no longer suitable for planting grapes for wine
production.  Therefore, the Company has decided not to renew its
lease for the vineyards with the Chinese government upon
expiration in 2013 and, going forward, it intends to purchase
grapes from the open market in order to produce grape juice and
wine.

China Ginseng reported a net loss of $4.76 million on $2.61
million of revenue for the year ended June 30, 2014, compared to a
net loss of $3.64 million on $3.56 million of revenue for the year
ended June 30, 2013.

As of March 31, 2015, the Company had $8.92 million in total
assets, $16.2 million in total liabilities, and a $7.24 million
total stockholders' deficit.

Cowan, Gunteski & Co., P.A., in Tinton Falls, NJ, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2014.  The independent auditors noted
that the Company has incurred an accumulated deficit of
$14.2 million since inception, has a working capital deficit of
$11.6 million, and there are existing uncertain conditions the
Company faces relative to its ability to obtain working capital
and operate successfully.  These conditions raise substantial
doubt about its ability to continue as a going concern.


CROSSFOOT ENERGY: Authorized to Borrow $500K in DIP Loan
--------------------------------------------------------
The United States Bankruptcy Court for the Northern Distrtict of
Texas, Fort Worth Division, authorized Crossfoot Energy, LLC, et
al., to borrow $500,000 of postpetition financing to restore
production from the Debtors' existing wellbores and, pursuant to a
budget, maintain their operations.

Prosperity Bank, the DIP Lender, has agreed to provide the much
needed financing in two tranches: (1) $250,000 funded upon the
entry of the order granting the DIP motion; (2) $250,000 to be
drawn as and if needed.  The DIP Loan bears an interest rate of
5.5% per annum.  Upon the occurrence and during the continuation of
any event of default, the DIP loan will bear the default interest
rate of 12.0% per annum.  The DIP Loan will mature and be due in
full on the earliest to occur (a) the sale of substantially all of
the Debtors' assets; (b) confirmation of a plan of Reorganization;
(c) one year after the initial funding of the first tranche of the
DIP loan; (d) conversion to Chapter 7 or dismissal of the
Bankruptcy cases; (e) obtaining permanent financing for operations
and capital expensesfrom a lender besides Prosperity.

The Debtors are represented by:

          Jeff P. Prostok, Esq.
          Clarke V. Rogers, Esq.
          FORSHEY & PROSTOL LLP
          777 Main St. Suite 1290
          Ft. Worth, Texas 76102
          Tel: (817) 877-8855
          Fax: (817) 877-4151
          Email: jprostok@forsheyprostok.com
                 crogers@forsheyprostok.com

                   About Crossfoot Energy

Based in Fort Worth, Texas, with a field office in Midland,
Texas, CrossFoot Energy, LLC, and its affiliates operate an oil
and gas company focused on the acquisition and improvement of
lower-risk, long live proven reserves. CrossFoot's primary
production occurs out of the Siluro-Devonian formation with
significant additional shallower reserves behind-pipe in the
Spraberry, Wolfcamp, Strawn, Penn Lime and Mississippian
formations.

CrossFoot Energy, LLC, and its affiliates sought Chapter 11
protection (Bankr. N.D. Tex. Case No. 14-44668) in Ft.
Worth, Texas on Nov. 20, 2014. The case is assigned to Judge
Russell F. Nelms.

Jeff P. Prostok, Esq., at Forshey & Prostok, LLP, in Ft. Worth,
Texas, serves as counsel to the Debtors. As of the Petition
Date, secured creditor Prosperity Bank is owed $12.1 million.


CRP-2 HOLDINGS: Committee Objects to Imposition of Challenge Date
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors object to CRP-2
Holdings AA, L.P.'s motion to use cash collateral, asserting that
it should not be bound by any deadline by which it can challenge
the lender's asserted liens or bring an action against the lender.

In the event, however, that a Challenge Deadline is imposed, the
Committee further asserted that the lender should grant the
Committee counsel a "carve-out" to allow it to promptly proceed
with an investigation as to the lender's asserted liens and as to
potential claims against the lender.

The hearing to consider the objection is scheduled for December 1,
2015, at 10:00 AM.

The Official Committee of Unsecured Creditors is represented by:

          Jonathan P. Friedland, Esq.
          Elizabeth B. Vandesteeg, Esq.
          LEVENFELD PEARLSTEIN, LLC
          2 N. LaSalle St., Suite 1300
          Chicago, Illinois 60602
          Tel: (312) 346-8380
          Fax: (312) 346-8434
          Email: jfriedland@lplegal.com
                 evandesteeg@lplegal.com

                   About CRP-2 Holdings

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

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


CTI BIOPHARMA: Registers 1.9-Mil. Shares Under 2007 Stock Plan
--------------------------------------------------------------
At the 2015 annual meeting of shareholders of CTI Biopharma Corp.
held on Sept. 23, 2015, the Company's shareholders approved the
2015 Equity Incentive Plan.  As of the Approval Date, the number of
shares of Company Common Stock authorized for issuance under the
2015 Plan was:

  (i) 12,000,000 shares of the Company's Common Stock newly
      available for issuance under the 2015 Plan; and

(ii) 4,721,817 shares of Common Stock available for additional
      award grant purposes under the 2007 Plan (the "Rollover
      Shares").

As a result of that approval, no future awards will be made under
the 2007 Equity Plan.  Thus, CTI BioPharma filed a post-effective
amendment No. 1 to its registration statement on Form S-8 to
deregister 4,721,817 shares of the Company's common stock issuable
under the 2007 Equity Incentive Plan.

The Company also registered 1,949,167 additional shares of Common
Stock authorized for issuance under the 2007 Employee Stock
Purchase Plan as authorized by the Company's shareholders at the
2015 Annual Meeting.

                       About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- formerly known as Cell
Therapeutics, Inc., is a biopharmaceutical company focused on
the acquisition, development and commercialization of novel
targeted therapies covering a spectrum of blood-related cancers
that offer a unique benefit to patients and healthcare providers.
The Company has a commercial presence in Europe and a late-stage
development pipeline, including pacritinib, CTI's lead product
candidate that is currently being studied in a Phase 3 program for
the treatment of patients with myelofibrosis.  CTI BioPharma is
headquartered in Seattle, Washington, with offices in London and
Milan under the name CTI Life Sciences Limited.

CTI Biopharma reported a net loss attributable to common
shareholders of $96 million in 2014, compared with a net loss
attributable to common shareholders of $49.6 million in 2013.

As of March 31, 2015, the Company had $63.1 million in total
assets, $48.7 million in total liabilities, $240,000 in common
stock purchase warrants, $14.1 million in total shareholders'
equity.


DAIICHI CHUO: Court Issues Temporary Restraining Order
------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
entered an order temporarily prohibiting parties-in-interest from
taking actions against Daiichi Chuo Kisen Kaisha in order to permit
the expeditious and economical administration of the Japan
Proceeding and to protect the
respective rights of the Debtor and its creditors in that
proceeding.

The Court held that the automatic of Section 362 of the Bankruptcy
Code will be applicable within the territorial boundaries of the
United States to Daiichi Chuo and all of its assets.

All parties-in-interest are ordered to show cause before the
Hon. Michael E. Wiles, United States Bankruptcy Judge for the
Southern District of New York, at a hearing at 11:00 a.m.
(EDT) on Oct. 7, 2015, at the United States Bankruptcy Court, One
Bowling Green, New York, New York 10004, Courtroom 617, as to why
an order should not be entered:

    (i) enjoining all persons and entities subject to this Court's
        jurisdiction from taking or continuing any act to seize,
        attach, possess, execute upon, exercise control over
        and/or enforce liens against any assets of DCKK, including
        without limitation any vessel or other property owned,
        chartered, leased, managed or operated by DCKK while such
        vessel or other property is located in the territorial
        jurisdiction of the United States; and

   (ii) directing that the automatic stay set forth in Section 362
        of the Bankruptcy Code will be applicable, within the
        territorial boundaries of the United States, to DCKK
        and all of its assets.

Objection deadline is Oct. 6, 2015.

                         About Daiichi Chuo

Daiichi Chuo Kisen Kaisha is a Japanese-based international
shipping company incorporated under Japanese law in 1960.  In
addition to its principal domestic Japanese offices in Tokyo,
Kansai, Wakayama and Kashima, where the majority of DCKK's
employees are located, DCKK has ancillary offices in New York
(opened in 1969), Manila, Hong Kong, London, Shanghai, Brisbane and
Vietnam.  DCKK's core business is marine transportation, providing
overseas shipping, coastal shipping and other
related services, focusing primarily on transporting dry bulk (bulk
cargo such as unpackaged grain, iron ore and other commodities)
using a tramp steamer, commonly referred to as a
tramper.

Daiichi Chuo Kisen Kaisha filed a Chapter 15 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 15-12650) on Sept. 29, 2015.  The
petition was signed by Masakazu Yakushiji, the president and
foreign representative.  The Debtor estimated both assets and
liabilities of $100 million to $500 million.  The Petitioner has
engaged Norton Rose Fulbright US LLP as counsel.  Judge Michael E.
Wiles is assigned to the case.


DANDRIT BIOTECH: Incurs $2.67 Million Net Loss in H1 2015
---------------------------------------------------------
Dandrit Biotech USA, Inc., reported a net loss of $2.67 million on
$0 of net sales for the six months ended June 30, 2015, compared to
a net loss of $882,509 on $0 of net sales for the same period in
2014.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $2.37 million on $0 of net sales compared to a net loss of $2.15
million on $32,768 of net sales for the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $2.07 million in total assets,
$995,737 in total liabilities and $1.07 million in total
stockholders' equity.

The Company has historically satisfied its capital and liquidity
requirements through funding from its largest shareholders, the
issuance of convertible notes and the sale of common stock.  At
June 30, 2015, the Company had cash and cash held in escrow of
$1,474,134 and working capital of $910,522.  At Dec. 31, 2014, the
Company had cash of $3,008,831 and working capital of $3,288,685.
At Dec. 31, 2013, the Company had cash of $18,794 and working
capital deficit of ($1,993,145).

In June 2015, DanDrit's Board of Directors approved a change to
DanDrit's fiscal year end from December 31 to June 30.  In view of
this change, this Form 10-K is a transition report, and includes
financial information for the six-month transition period ended
June 30, 2015, the six-month period ended June 30, 2014,
(unaudited) and for the 12-month periods ended Dec. 31, 2014, and
2013.

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

                       http://is.gd/5fhhn6

                           About DanDrit

DanDrit Biotech USA, Inc., a biotechnology company, develops
vaccine for the treatment of colorectal cancer primarily in the
United States, Europe, and Asia.  Its lead compound includes
MelCancerVac(MCV), a cellular therapy, which is in a comparative
Phase IIb/III clinical trial for advanced colorectal cancer.  It
also develops MelVaxin that is similar to the lysate component of
MCV for injecting into the skin to promote natural dendritic cell
responses that will attack the tumor expressing cancer/testis
antigens.  The company was founded in 2001 and is headquartered in
Copenhagen, Denmark.


DARLING INGREDIENTS: S&P Affirms 'BB+' CCR, Outlook Negative
------------------------------------------------------------
Standard & Poor's Ratings Services affirmed all ratings on
Dallas-based food and ingredients renderer Darling Ingredients
Inc., including its 'BB+' corporate credit rating, and revised the
rating outlook to negative from stable.

"The outlook revision reflects our belief that leverage reduction
delays will continue, in part because of weak finished products
pricing--particularly fats--and foreign currency headwinds," said
Standard & Poor's credit analyst Kim Logan.  "In addition, the
company continues to invest a significant amount of capital in
growth initiatives, including two new wet pet food plants, two
rendering plants, and a gelatin plant expansion in the U.S. this
year.  We now expect 2015 debt to EBITDA to be 4.3x, compared to
our previous forecast of closer to 4x.  Moreover, we continue to
expect adjusted debt to EBITDA to remain near 4x in 2016 compared
to our prior forecast of closer to 3.5x."

The negative outlook is based on S&P's belief that the company will
reduce leverage at a slower pace than it previously expected, and
the greater possibility of a downgrade if the company does not
reduce debt to EBITDA materially lower than 4x in 2017.  Standard &
Poor's had previously indicated that we could lower the ratings if
Darling Ingredients does not reduce debt to EBITDA to below 4x by
2016.  Based on S&P's current forecasts, it now expects the company
not to reduce debt to EBITDA to below 4x until 2017, when debt
repayment may accelerate in part because of lower capital
expenditures and possibly higher future dividends from its Diamond
Green Diesel joint venture.

"The level of leverage reduction in 2017 will be a critical factor
in determining future ratings on the company," said Ms. Logan.



ELEPHANT TALK: Steven van der Velden to Quit as CEO
---------------------------------------------------
Elephant Talk Communications Corp. announced that it intends to
separate the roles of Chairman of the Board of Directors and CEO.
Mr. Steven van der Velden will remain as Chairman of the Board and
step down as CEO once a qualified replacement has been appointed.

The Board of Directors has created a Special Committee of three
independent directors which is responsible for all aspects of the
CEO search including retaining an executive search firm.  The ideal
CEO candidate will have a high level of commercial experience in
the global telecoms industry and will be expected to identify and
build his/her own executive management team.

Separately, the Board announced the appointment of Mr. Roderick de
Greef as a director and Chairman of the Audit Committee.  He
replaced Geoffrey Leland who resigned as director.

All four independent directors will now be members of the Audit,
Compensation and Nominating/Governance Committees.  Mr. De Greef
has 25 years of public and private CFO experience and has served on
the boards of several public companies over the last 15 years. Mr.
De Greef was also a director and Chairman of the Audit Committee of
the Company from 2008 to 2011.  Currently he is a partner with
MedTech Advisors, Inc., a strategic and financial consulting firm.
Mr. De Greef received a BA in Economics and International Relations
from San Francisco State University and a MBA from University of
Oregon.

As compensation for his service as a director, Mr. de Greef will
receive an annual retainer of $ 105,000, to be paid quarterly in
arrears.  At the beginning of each fiscal quarter, Mr. de Greef may
elect to receive his compensation in cash or in shares of the
Company's common stock.  For the first year of service a minimum of
50% conversion of cash in shares is obligatory.  The conversion
price of the shares will be at a discount to the then-current
market price of the Company's common stock, which is currently set
at 25% of the average closing price of the Company's common stock
for the last 10 trading days of the most recently completed fiscal
quarter.

"With this step in our organizational transition and achievement of
growth milestones in new markets such as Brazil, it is a good time
to separate the roles of Chairman and CEO and turn over operational
responsibilities to a new team that can build on this strong
momentum," said Mr. Van der Velden, Chairman of the Board and CEO.
"Although I am pleased with the organizational structure we have
put in place over the past few months, the Board of Directors and I
believe that there is room for further improvement.  With a
refocused strategy, now is the ideal time to look for a new
leadership with a strong background in managing our global growth
currently underway and over the next decade.  I have full
confidence that the Board will identify the right candidate for our
new CEO that will elevate Elephant Talk's performance and enhance
our value for shareholders and look forward to Roderick's
contributions as Chairman of the Audit Committee, bringing further
expertise to this critical area of the Company’s operations."

                        About Elephant Talk

Lutz, Fla.-based Elephant Talk Communications, Inc. (OTC BB: ETAK)
-- http://www.elephanttalk.com/-- is an international provider of
business software and services to the telecommunications and
financial services industry.

Elephant Talk reported a net loss of $21.9 million in 2014, a net
loss of $25.5 million in 2013 and a net loss of $23.1 million in
2012.

As of June 30, 2015, the Company had $32.2 million in total assets,
$12.8 million in total liabilities and $19.4 million in total
stockholders' equity.


ENERGY FUTURE: Hunt Seeks Texas Regulator's Approval on Oncor Deal
------------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that Hunt
Consolidated Inc. filed an application with a Texas utility
regulator on Sept. 29, 2015, seeking approval of its proposed
acquisition of Energy Future Holdings' controlling stake in energy
provider Oncor Electric Delivery Co., a major component of EFH's
$13 billion reorganization strategy.

The application, filed with the Public Utility Commission of Texas,
lays out Hunt's plan for Oncor, which contemplates reorganizing
EFH's 80% stake in the energy provider into a real estate
investment trust, or REIT.

In a separate report, Matt Chiappardi at Law360 reported that the
Delaware bankruptcy judge presiding over the Debtor's case declined
on Sept. 28, to push back the November start of the power giant's
Chapter 11 plan confirmation hearing, but allowed creditors who
asked for the delay extra time to prepare to address changes in the
Debtor's reorganization strategy.

During an emergency telephone conference, U.S. Bankruptcy Judge
Christopher S. Sontchi said he was going to bifurcate Energy Future
Holdings Corp.'s confirmation hearing, tacking several extra court
days onto the proceeding to deal with issues.

                About Energy Future Holding Corp.

Energy Future Holdings Corp., formerly known as TXU Corp., is A
privately held diversified energy holding company with a Portfolio
of competitive and regulated energy businesses in Texas.
Oncor, an 80 percent-owned entity within the EFH group, is the
Largest regulated transmission and distribution utility in Texas.
The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

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

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

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

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

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

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

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



ENERGY TRANSFER: Moody's Affirms Ba2 CFR, Outlook Positive
----------------------------------------------------------
Moody's Investors Service affirmed Energy Transfer Equity, L.P.'s
(ETE) Ba2 Corporate Family Rating, its Ba2 Senior Secured debt
rating and its SGL-3 liquidity rating, and changed the outlook to
positive from stable.  Moody's also placed The Williams Companies,
Inc.'s (WMB) Baa3 Senior Unsecured rating on review for downgrade
from on review - direction uncertain.  Moody's affirmed the Baa3
Senior Unsecured rating and Ba1 Junior Subordinated rating of
Energy Transfer Partners, L.P. (ETP) and stable outlook, and
affirmed Williams Partners LP's (WPZ) Baa2 Senior Unsecured ratings
and negative outlook.  The Baa3 Senior Unsecured rating and Prime-3
short term rating of Sunoco Logistics Partners L.P.'s (SXL)
wholly-owned Sunoco Logistics Partners Operations L.P. and stable
outlook was also affirmed.  The Baa1 Senior Unsecured ratings of
WPZ's wholly-owned pipeline subsidiaries, Northwest Pipeline GP
(Northwest) and Transcontinental Gas Pipeline Company LLC (Transco)
and their negative outlooks were also affirmed.

These rating actions were prompted by ETE's announcement on
Sept. 28, that it would combine with WMB in a transaction valued at
approximately $38 billion, which is expected to close in the first
half of 2016.  ETE has provided for as much as $6 billion of the
transaction to be financed with new debt, and ETE will become the
co-obligor of WMB's existing term debt, which approximates $4.25
billion.  The remainder of the transaction will be financed with
ETE equity.

"ETE's positive outlook reflects the far-reaching scope and scale
of the proposed energy midstream combination of ETE's and WMB's
respective asset bases, which will create the US's largest energy
infrastructure company," commented Andrew Brooks, Moody's Vice
President.  "However, debt and leverage will be high and a
combination of this scale is bound to present post-closing
execution challenges to both entities."

Affirmations:

Issuer: Energy Transfer Equity, L.P.

  Probability of Default Rating, Affirmed Ba2-PD
  Speculative Grade Liquidity Rating, Affirmed SGL-3
  Corporate Family Rating, Affirmed Ba2
  Senior Secured Bank Credit Facility, Affirmed Ba2, to (LGD 3)
   from (LGD4)
  Senior Secured Regular Bond/Debenture, Affirmed Ba2, to (LGD 3)
   from (LGD4)

Outlook Actions:

Issuer: Energy Transfer Equity, L.P.

  Outlook, Changed To Positive From Stable

Ratings Placed Under Review:

Issuer: Williams Companies, Inc. (The)

  Senior Unsecured Regular Bond/Debenture, Placed on Review for
   Downgrade, currently Baa3

Affirmations:

Issuer: Williams Partners L.P.

  Multiple Seniority Shelf due 2018, Affirmed (P)Baa2
  Subordinate Shelf due 2015, Affirmed (P)Baa3
  Multiple Seniority Shelf due 2015, Affirmed (P)Baa2
  Senior Unsecured Regular Bond/Debenture, Affirmed Baa2

Outlook Actions:

Issuer: Williams Partners L.P.

  Outlook, Remains Negative

Issuer: Transcontinental Gas Pipeline Company, LLC

  Senior Unsecured Regular Bond/Debenture, Affirmed Baa1
  Senior Unsecured Shelf, Affirmed (P)Baa1

Outlook Actions:

Issuer: Transcontinental Gas Pipeline Company, LLC

  Outlook, Remains Negative

Issuer: Northwest Pipeline GP

  Senior Unsecured Regular Bond/Debenture, Affirmed Baa1
  Senior Unsecured Shelf, Affirmed (P)Baa1

Outlook Actions:

Issuer: Northwest Pipeline GP

  Outlook, Remains Negative

Issuer: Williams Partners L.P. (Old)

  Senior Unsecured Regular Bond/Debenture, Affirmed Baa2

Issuer: Energy Transfer Partners, L.P.

  Junior Subordinated Regular Bond/Debenture, Affirmed Ba1
  Senior Unsecured Regular Bond/Debenture, Affirmed Baa3
  Senior Unsecured Shelf, Affirmed (P)Baa3
Outlook Actions:

Issuer: Energy Transfer Partners, L.P.

  Outlook, Remains Stable

Issuer: Sunoco Logistics Partners Operations L.P.

  Multiple Seniority Shelf due 2015, Affirmed (P)Baa3
  Multiple Seniority Shelf, Affirmed (P)Baa3
  Senior Unsecured Commercial Paper, Affirmed P-3
  Senior Unsecured Regular Bond/Debenture, Affirmed Baa3

Outlook Actions:

Issuer: Sunoco Logistics Partners Operations L.P.

  Outlook, Remains Stable

RATINGS RATIONALE

ETE's Ba2 CFR recognizes the benefits of the massive size and scope
of ETE's pro forma midstream asset base, but also factors in the
associated size of the approximately $75 billion of proportionately
consolidated pro forma debt, the high level of consolidated debt
leverage at about 5.3x, pro forma for the combination, and the
challenge of merging two large companies.  ETE is pressured by its
aggressive growth objectives and a complex organizational structure
that results in the structural subordination of ETE's $16.6 billion
of pro forma stand-alone debt at closing to subsidiary debt, which
is likely to grow beyond the roughly $50 billion Moody's estimates
could be outstanding at closing.  ETE's Ba2 CFR is heavily
influenced by the strength of ETP's Baa3 rating, WPZ's Baa2 rating,
the asset composition of each of their respective portfolios, as
well as each of ETP's and WPZ's growth prospects.  ETE's CFR
further reflects the consistent growth in distributions received
from the interest it holds in ETP, which will be supplemented by
distributions to be received from WPZ.  WPZ's contribution to the
aggregate cash distributed up to ETE on a pro forma basis is
expected to be about 54%, evidencing the more broadly diversified
cash stream available to fund ETE's own cash requirements.

ETE's positive ratings outlook reflects the potential upside for
EBITDA growth and a moderation in debt leverage, and further
presumes ETE is successful in its execution of this very large
business combination.  ETE's rating could be upgraded if its
stand-alone leverage approaches 2.5x and consolidated leverage
drops below 5x.  ETE's ratings could be downgraded should
consolidated leverage increase on a permanent basis to over 6x
EBITDA.  A downgrade of ETP's Baa3 rating or WPZ's Baa2 rating to
below investment grade could further prompt an ETE rating
downgrade.  Should cash distributions to ETE become compromised
through higher leverage or weakness in distributable cash flows at
partnership and subsidiary levels, ratings could be downgraded.

The principal methodology used in rating Energy Transfer Equity,
L.P., Energy Transfer Partners, L.P., Sunoco Logistics Partners
Operations L.P., Williams Companies, Inc. (The), Williams Partners
L.P. (Old) and Williams Partners L.P. was Global Midstream Energy
published in December 2010.

The review for downgrade of WMB reflects the combination of WMB
with lower rated ETE, who will become a co-obligor of WMB's term
debt.  As such, Moody's would expect to equalize ETE's and WMB's
debt ratings.  The review will also consider the pace at which and
the success ETE has achieved in executing on the business
combination.  Moody's would expect to conclude WMB's review for
downgrade when the transaction closes, which ETE expects to occur
in the first half of 2016, and is subject to shareholder and
regulatory approvals.

Energy Transfer Equity, L.P. is headquartered in Dallas, Texas and
through its subsidiaries, principally Energy Transfer Partners,
L.P., a publicly traded master limited partnership (MLP) in which
it holds the GP interest, owns and operates a broad array of
midstream energy assets.

Williams Companies, Inc. is headquartered in Tulsa, Oklahoma and
through its subsidiaries is primarily engaged in the gathering,
processing and interstate transportation of natural gas.  Williams
owns the GP interest and a substantial portion of the LP interests
in Williams Partners, LP, a publicly traded midstream energy MLP.
Northwest Pipeline and Transcontinental Gas Pipeline Company are
major interstate natural gas pipelines that are wholly owned
subsidiaries of WPZ.

Sunoco Logistics Partners Operations L.P. is a 100%-owned
subsidiary of Sunoco Logistics Partners L.P. (SXL), whose sole
purpose is to issue debt on behalf of SXL under the full and
unconditional guarantee of SXL.  Sunoco Logistics Partners L.P. is
a publicly traded midstream MLP headquartered in Philadelphia,
Pennsylvania, whose GP interest is held by Energy Transfer
Partners, L.P.



ERG INTERMEDIATE: Court Approves 3rd Amendment to DIP Facility
--------------------------------------------------------------
The United States Bankruptcy Court for the Northern District of
Texas, Dallas Division, at the behest of ERG Intermediate Holdings,
L.L.C., et al., approved, on an interim basis, a third amendment to
the DIP Facility with CLMG Corp.

The Debtors asserted that an immediate need exists to obtain funds
and liquidity to continue operations and to administer and preserve
the value of their estates pending a restructuring pursuant to a
plan of reorganization approved by the DIP Agent and the
Pre-Petition Agent.  The ability to finance their operations, to
preserve and maintain the value of the their assets and to maximize
the return for all creditors requires the availability of the DIP
Facility and the use of Cash Collateral.

Under the Third Amendment, the "Stated Maturity Date" of Aug. 31,
2015, is replaced with Nov. 15, 2015.  The Debtors are directed,
under the Third Amendment, to seek confirmation of their Plan no
later than Nov. 15.

A full-text copy of the Interim DIP Order with Budget is available
at http://bankrupt.com/misc/ERGdip0911.pdf

The Debtors are represented by:

          Tom A. Howley
          JONES DAY
          717 Texas Avenue, Suite 3300
          Houston, Texas 77002
          Tel: (832) 239-3790
          Email: tahowley@jonesday.com

             -- and --

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

                       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.  The Debtors also obtained approval to retain the law firm of
Gibbs and Bruns to prosecute the Nabors Lawsuit on a contingency
fee basis.

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, led by Baker Petrolite
Corporation, to serve on the official committee of unsecured
creditors.  The Committee has tapped Pachulski Stang Ziehl & Jones
LLP as counsel.

In June 2015, the bankruptcy court denied a motion filed by the
Creditors Committee to transfer venue to the Central District of
California.


ERG INTERMEDIATE: Has Until Nov. 22 to Solicit Acceptances of Plan
------------------------------------------------------------------
The United States Bankruptcy Court for the Northern District of
Texas Dallas Division, at the behest of ERG Intermediate Holdings,
LLC, et al., extended the period by which the Debtors have
exclusive right to file a plan through and including September 23,
2015, and the period by which they have exclusive right to solicit
acceptances of the plan through and including November 22, 2015.

As previously reported by The Troubled Company Reporter, the
Debtors, unable to find a buyer willing to pony up at least $250
million in cash, filed a reorganization plan that contemplates
giving control of the company to their prepetition lenders.

The Allowed amount of Unsecured Claims is estimated to be between
$11.5 million and $64.0 million.  Given that the demand in the
Nabors Lawsuit is for no less than $40 million, it is possible
that
Unsecured Claims could be paid in full in the Chapter 11 cases
from
that litigation, although the Debtors will not receive the
entirety
of any award in the Nabors Lawsuit.  At the same time, Unsecured
Claims could be paid substantially less than in full, and any
recovery on the Nabors Lawsuit or other Causes of Action of the
Exempt Assets Trust may not occur for a significant period of
time.

The Official Committee of Unsecured Creditors stated that it
supports the Plan as drafted, but reserved its rights, including
the right to move for termination of exclusivity, in the event that
the Debtors unilaterally seek to amend or modify the Plan in a
manner that deviates from or conflicts with the Court-approved
Settlement.

The Debtors is represented by:

          Tom A. Howley
          JONES DAY
          717 Texas Avenue, Suite 3300
          Houston, Texas 77002
          Tel: (832) 239-3790
          Email: tahowley@jonesday.com

             -- and --

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

The Official Committee of Unsecured Creditors is represented by:

          Robert J. Feinstein, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          780 Third Avenue, 34th Floor,
          New York, NY 10017
          Tel: (212) 561-7700
          Email: rfeinstein@pszjlaw.com

             -- and ---

          Jeff Pomerantz, Esq.
          Pachulski Stang Ziehl & Jones LLP
          10100 Santa Monica Boulevard ,13th Floor,
          Los Angeles, CA 90067-4003
          Tel: (310) 277-6910
          Email:jpomerantz@pszjlaw.com

                         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.  The Debtors also obtained approval to retain the law firm of
Gibbs and Bruns to prosecute the Nabors Lawsuit on a contingency
fee basis.

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, led by Baker Petrolite
Corporation, to serve on the official committee of unsecured
creditors.  The Committee has tapped Pachulski Stang Ziehl & Jones
LLP as counsel.

In June 2015, the bankruptcy court denied a motion filed by the
Creditors Committee to transfer venue to the Central District of
California.


EXIDE TECHNOLOGIES: Alleges Glencore Blocking Price-Fix Probe
-------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that creditors of
Exide Technologies who are looking into whether possible
price-fixing of lead and other metals may have impacted the
bankrupt battery maker told a Delaware bankruptcy judge on Sept.
28, 2015, that commodities trader Glencore PLC has been
stonewalling their investigation for months.

Attorneys representing the Exide creditors' liquidating trust sent
a letter to U.S. Bankruptcy Judge Kevin Carey claiming Glencore and
metal warehouse provider Pacorini Metals have not adequately
responded to repeated discovery requests.

                      About Exide Technologies

Headquartered in Milton, Ga., Exide Technologies (NASDAQ: XIDE)
-- http://www.exide.com/-- manufactures and   distributes lead  
acid batteries and other related electrical energy storage
products.

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002, and exited bankruptcy two years
after.

Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl &
Jones
LLP represented the Debtors in their successful restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.  Exide disclosed $1.89 billion in
assets and $1.14 billion in liabilities as of March 31, 2013.

Exide's international operations were not included in the filing
and will continue their business operations without supervision
from the U.S. courts.

For the new case, Exide has tapped Anthony W. Clark, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang
Ziehl
& Jones LLP as counsel; Alvarez & Marsal as financial advisor;
Sitrick and Company Inc. as public relations consultant and GCG as
claims agent.  Schnader Harrison Segal & Lewis LLP was tapped as
special counsel.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel.  Zolfo Cooper, LLC serves as its bankruptcy
consultants
and financial advisors.  Geosyntec Consultants was tapped as
environmental consultants to the Committee.

Robert J. Keach of the law firm Bernstein Shur as fee examiner has
been appointed as fee examiner.  He has hired his own firm as
counsel.

Exide said its Plan of Reorganization became effective on April
30,
2015, and that the Company has emerged from Chapter 11 as a newly
reorganized company.  The Bankruptcy Court for the District of
Delaware confirmed the Plan on March 27, 2015.


FLOWORKS INTERNATIONAL: S&P Lowers Corp. Credit Rating to 'SD'
--------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on Houston-based Floworks International LLC to 'SD'
from 'B-'.

At the same time, S&P lowered the issue-level rating on Floworks'
$250 million senior secured notes due 2019 to 'D' from 'B-'.  The
recovery rating on the senior secured notes is '4', reflecting
S&P's expectation of average (30% to 50%; at the upper end of the
range) recovery in the event of a conventional default.

The downgrade follows the repayment of approximately $29 million of
Floworks' outstanding $250 million senior secured notes due 2019 at
below par value.

"Given our current corporate credit rating of 'B-' on the company
and the fact that investors will receive less than what was
promised on the original securities, we view this exchange as
distressed under our criteria," said Standard & Poor's credit
analyst Michael Maggi.

Pro forma for the exchange, S&P projects adjusted debt to EBITDA to
remain well above 10x at the end of 2015 and into 2016.  S&P
expects to review the corporate credit rating and issue-level
ratings when it assess the likelihood of further exchanges as low.



FONU2 INC: Posts $1.9-Mil. Net Loss for June 30 Quarter
-------------------------------------------------------
FONU2 Inc. filed with the U.S. Securities and Exchange Commission
its quarterly report on Form 10-Q, disclosing a net loss of $1.9
million on $nil of revenues for the three months ended June 30,
2015, compared with a net loss of $1.29 million on $nil of revenues
for the same period last year.

The Company's balance sheet at June 30, 2015, showed $7.04 million
in total assets, $8.75 million in total liabilities and
stockholders' deficit of $1.71 million.

The Company currently finances its operations through investment
capital from a number of accredited investors through the issuance
of convertible notes.  Such exercise of conversion rights can lead
to substantial share issuances and potential dilution.  Such share
issuances may have a negative impact on share liquidity and/or
share price.  The primary use of the funds is funding the Company's
operations and studio site development.  Over the next twelve
months, the Company's cash requirement for capital expenditure and
operations is expected to be in excess of $25 million.  This
requirement is expected to be funded by institutional investor and
other capital.  There can be no assurance that it will be able to
raise capital, if at all, upon terms acceptable to the Company.
The Company currently has written agreements, including but not
limited to Lexden Capital, with respect to obtaining the necessary
capital, however there can be no assurances that the Company will
be able to raise the required funds.  In addition, its auditors
have raised substantial doubt as to the Company's ability to
continue as a going concern, according to the regulatory filing.

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

                       http://is.gd/NjxWRr
                          
FONU2 Inc. is a film studio, production and social commerce company
actively developing a 1,560 acre film studio complex in Effingham
County, Georgia.  The Company has acquired the worldwide
distribution rights to a Nick Cassavetes film, Yellow and a
two-picture directing contract with Penny Marshall.


FREDERICK'S OF HOLLYWOOD: Plan Outline Wins Court Approval
----------------------------------------------------------
Peter Hall at Bankruptcy Law360 reported that the estate of iconic
lingerie purveyor Frederick's of Hollywood won a Delaware
bankruptcy judge's approval on Sept. 25, 2015 to solicit support
for its Chapter 11 windup plan, over the objection of the federal
bankruptcy watchdog that its disclosure statement was too skimpy on
details.

The U.S. Trustee's Office said on Sept. 21, the combined disclosure
statement and Chapter 11 plan is inappropriate for the bankruptcy
of a company as large as Frederick's of Hollywood Inc., it lacks
information on how consumer gift card claims would be handled.

In another report, Law360's Matt Chiappardi reported that the U.S.
Trustee's Office, the federal bankruptcy watchdog, took issue with
the combined disclosure statement and Chapter 11 plan for the
Debtor's estate, arguing that it is missing all manner of
information needed to solicit creditors on the debtor's wind-up
strategy.

In a motion before the Delaware bankruptcy court, the U.S.
Trustee's Office said that the Debtor's documents lack adequate
information about measures that include the proposed settlement
with prepetition secured creditor Front Street Re Ltd.

As reported by the Troubled Company Reporter on Sept. 9, 2015, Old
FOH, Inc., formerly known as Frederick's of Hollywood, Inc., et
al., filed with the U.S. Bankruptcy Court for the District of
Delaware a Combined Disclosure Statement and Chapter 11 Plan of
Liquidation, co-proposed Front Street Re (Cayman) Ltd. and the
Official Committee of Unsecured Creditors.

The Debtors consummated a sale of substantially all of their assets
on June 11, 2015.  With the Sale now closed, the Debtors seek to
wind up these chapter 11 cases through a consensual plan
confirmation process facilitated by the Combined Disclosure
Statement and Plan, and the global settlement.

The Plan provides for the following classification and treatment of
claims:

                           Est. Allowed
   Class                      Claims     Treatment  Est. Recovery
   -----                   ------------  ---------  -------------
   Class 1 - Prepetition
   Lenders Secured Claims   $19,126,530   Impaired  Unknown

   Class 2 - Other Secured
   Claims                       $95,000 Unimpaired  100%

   Class 3 - Priority
   Non-Tax Claims               $94,000 Unimpaired  100%

   Class 4 - General
   Unsecured Claims         $25,500,000   Impaired  0.6% to 2.9%

   Class 5 - Equity
   Interests in FOHG        N/A           Impaired  0%

   Class 6 - Equity
   Interests in Debtors
   Other than FOHG          N/A         Unimpaired  Reinstated

The Debtors propose the following solicitation timeline:

   Record Date                               Sept. 25, 2015
   Date Solicitation Will Commence           Sept. 29, 2015
   Deadline to File Rule 3018 Motions         Oct. 16, 2015
   Deadline to Object to Rule 3018 Motions    Oct. 23, 2015
   Voting Deadline                            Oct. 26, 2015
   Deadline to Object to Plan/Disclosure      Oct. 27, 2015
   Disclosure/Confirmation Hearing            Nov. 3, 2015

A full-text copy of the Plan, dated Sept. 4, 2015, is available
at http://bankrupt.com/misc/FOHplan0904.pdf

The Debtors are represented by Russell C. Silberglied, Esq.,
Zachary I. Shapiro, Esq., and Joseph C. Barsalona II, Esq., at
Richards, Layton & Finger, P.A., in Wilmington, Delaware; and
Tyson
M. Lomazow, Esq., and Matthew Brod, Esq., at Milbank, Tweed,
Hadley
& McCloy LLP, in New York.

Robert K. Malone, Esq., and Howard A. Cohen, Esq., at Drinker
Biddle & Reath LLP, in Florham Park, New Jersey, represent Front
Street.

Cathy R. Hershcopf, Esq., Seth Van Aalten, Esq., and
Robert Winning, Esq., at Cooley LLP, in New York, represent the
Committee.

                         About Frederick's

Frederick's of Hollywood Group Inc., sells women's apparel and
related products under its proprietary Frederick's of Hollywood
brand.  Frederick's had more than 200 brick-and-mortar stores at
its peak. At present it sells its products at its online shop at
http://www.fredericks.com/   

On April 19, 2015, Frederick's of Hollywood and five affiliates
each filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code.  The cases are pending approval to
be jointly administered under Case No. 15-10836 before the
Honorable Kevin Gross (Bankr. D. Del.).

The Company disclosed $36.5 million in assets and $106 million in
debt as of the bankruptcy filing.  The material debt obligations
principally consist of $33 million in loans under a secured credit
agreement, $16.2 million in unsecured promissory notes, and $56.7
million in trade debt and liabilities to landlords.

The Debtors tapped Milbank, Tweed, Hadley & McCloy LLP, as
bankruptcy counsel; Richards, Layton & Finger, P.A., as local
counsel; Consensus Advisory Services LLC as investment banker and
financial advisor; and Kurtzman Carson Consultants LLC, as claims
and noticing agent.


GETTY IMAGES: S&P Lowers CCR to 'CCC+', Outlook Negative
--------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Seattle-based Getty Images Inc. to 'CCC+' from 'B-'.  The
rating outlook is negative.

At the same time, S&P lowered its issue-level rating on the
company's first-lien credit facilities to 'CCC+' from 'B-'.  The
'3' recovery rating is unchanged, indicating S&P's expectation for
meaningful recovery (50%-70%; lower half of the range) of principal
in the event of a payment default.

S&P also lowered its issue-level rating on the company's unsecured
notes to 'CCC-' from 'CCC' (two notches below the corporate credit
rating).  The '6' recovery rating is unchanged, indicating S&P's
expectation for negligible recovery (0%-10%) of principal in the
event of a payment default.

"The downgrade reflects Getty Images' lower free cash flow due to
continued weak operating performance in the company's midstock
segment amid intense competitive pressure," said Standard & Poor's
credit analyst Elton Cerda.  "We expect that Getty Images' adjusted
debt leverage will likely rise in the second half of 2015 due to
competitive pressure.  "In addition, the company will likely
maintain or possibly increase its marketing spending to maintain
its market presence.  These factors, combined, suggest that Getty
Images' financial risk profile will likely weaken from current
level.  Absent a significant turnaround with solid positive revenue
and EBITDA growth, the company's capital structure may become
unsustainable," added Mr. Cerda.

Getty Images is a provider of pre-shot still and moving visual
content.  Despite the prolonged impact of competition at the
midstock segment, S&P still views the company's business profile as
"fair," given the depth and breadth of its still image collection,
its unique relationships with photographers and associations, and
its stable gross margin.  This is tempered by S&P's expectation
that unfavorable secular trends related to print advertising will
continue to pressure the company's traditional premium "stills"
business and that competition will continue to pressure Getty
Images' midstock segment.



GREEKTOWN HOLDINGS: Trustee Aims to Extend Trust for 3 More Years
-----------------------------------------------------------------
Matt Sharp at Bankruptcy Law360 reported that the trustee for the
Greektown Distribution Trust asked a Michigan bankruptcy judge on
Sept. 25, 2015, to reopen cases involving a Sault Ste. Marie Tribe
of Chippewa Indians-owned casino, aiming to secure permission to
extend the trust for three more years.

Buchwald Capital Advisors LLC said that without an extension the
trust will be unable to complete its duties before the existing
deadline due to matters outside of its control, including an
adversary suit alleging $177 million was fraudulently transferred
after Greektown Casino went bankrupt.

                     About Greektown Holdings

Based in Detroit, Michigan, Greektown Holdings, LLC, and its
affiliates -- http://www.greektowncasino.com/-- operate world-  
class casino gaming facilities located in Detroit's historic
Greektown district featuring more than 75,000 square feet of
casino gaming space with more than 2,400 slot machines, over 70
tables games, a 12,500-square foot salon dedicated to high limit
gaming and the largest live poker room in the metropolitan Detroit
gaming market.

The Company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No.
08-53104).  The Debtors hired Daniel J. Weiner, Esq., Michael E.
Baum, Esq., and Ryan D. Heilman, Esq., at Schafer and Weiner PLLC,
as their bankruptcy counsel; Judy B. Calton, Esq., at Honigman
Miller Schwartz and Cohn LLP, as their special counsel; Conway
MacKenzie & Dunleavy as their financial advisor, and Kurtzman
Carson Consultants LLC as claims, noticing, and balloting agent.
The Official Committee of Unsecured Creditors tapped Clark Hill
PLC as its counsel.

Greektown Holdings listed assets and debts of $100 million to
$500 million in its bankruptcy petition.

On June 1, 2009, the Debtors filed a proposed Chapter 11 Plan of
Reorganization.  On Dec. 7, 2009, certain noteholder entities, the
Official Committee of Unsecured Creditors of the Debtors, and
Deutsche Bank Trust Company Americas, as indenture trustee,
proposed their own plan of reorganization for the Debtors.  On
Jan. 22, 2010, the Bankruptcy Court entered an order confirming
the Noteholder Plan.  The Plan was declared effective on June 30,
2010, after Greektown Casino Hotel obtained unanimous approval
from the Michigan Gaming Control Board on June 28 of the transfer
of the Company's ownership from the Sault Ste. Marie Tribe of
Chippewa Indian to new investors.

                            *   *    *

As reported by the TCR on Feb. 28, 2014, Standard & Poor's Ratings
Services assigned Detroit-based gaming operator Greektown Holdings
LLC its 'B-' corporate credit rating.  The 'B-' corporate credit
rating reflects S&P's assessment of Greektown's business risk
profile as "vulnerable" and its assessment of the company's
financial risk profile as "highly leveraged," according to S&P's
criteria.


GYMBOREE CORP: Moody's Retains Ratings Over $225MM Revolver Extn.
-----------------------------------------------------------------
Moody's Investors Service said that The Gymboree Corporation's
("Gymboree," Caa1 Stable) announcement that it extended the
expiration date on its $225 million ABL revolving credit agreement
is a credit positive.  The amendment extension provides slightly
more time for the company to improve operating performance and
credit metrics before it needs to address its 2018 term loan and
unsecured note maturities.  Gymboree's ratings are unaffected as
leverage remains high and free cash flow, although improved,
remains negative.

Headquartered in San Francisco, California, The Gymboree
Corporation is a leading retailer of infant and toddler apparel.
The company designs and distributes infant and toddler apparel
through its stores, which operate under the "Gymboree", "Gymboree
Outlet", "Janie and Jack" and "Crazy 8" brands in the United
States, Canada and Australia, as well as through its on-line
stores.  Revenues exceed $1.2 billion.  The company is owned by
affiliates of Bain Capital Partners LLC.



HAGGEN FOOD: To Exit Pacific Southwest After Bankruptcy Filing
--------------------------------------------------------------
ABI.org reported that grocery operator Haggen said that it would
exit the Pacific Southwest market and realign its business around
37 core stores and a stand-alone pharmacy in the Pacific
Northwest.

In a separate report, Bankruptcy Law360 reported that West Coast
grocery retailer Haggen won a Delaware bankruptcy judge's blessing
on Sept. 24, 2015, to sell its pharmacy operations and inventory
from closing stores to merged rivals Albertsons and Safeway for up
to $13 million.

U.S. Bankruptcy Judge Kevin Gross approved the transaction, which
both satisfies state requirements to transfer pharmacy patient
records to another provider and gives Haggen Food's estate a cash
infusion as it works toward approval of its Chapter 11 plan.


IMPLANT SCIENCES: Incurs $21.5 Million Net Loss in Fiscal 2015
--------------------------------------------------------------
Implant Sciences Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing
a net loss of $21.54 million on $12.99 million of revenues for the
year ended June 30, 2015, compared to a net loss of $21.01 million
on $8.55 million of revenues for the year ended June 30, 2014.

As of June 30, 2015, the Company had $10.39 million in total
assets, $88.56 million in total liabilities and a $78.17 million
total stockholders' deficit.

Marcum LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company has had recurring net
losses and continues to experience negative cash flows from
operations.  As of Sept. 15, 2015, the Company's principal
obligation to its primary lenders was approximately $65,046,000 and
accrued interest of approximately $15,393,000.  The Company is
required to repay all borrowings and accrued interest to these
lenders on March 31, 2016.  These conditions raise substantial
doubt about its ability to continue as a going concern.

                        Bankruptcy Warning

"Our ability to comply with our debt covenants in the future
depends on our ability to generate sufficient sales and to control
expenses, and will require that we seek additional capital through
private financing sources.  There can be no assurances that we will
achieve our forecasted financial results or that we will be able to
raise additional capital to operate our business.  Any such failure
would have a material adverse impact on our liquidity and financial
condition and could force us to curtail or discontinue operations
entirely.  Further, upon the occurrence of an event of default
under certain provisions of our credit agreements, we could be
required to pay default rate interest equal to the lesser of 2.5%
per month and the maximum applicable legal rate per annum on the
outstanding principal balance outstanding.  The failure to
refinance or otherwise negotiate further extensions of our
obligations to our secured lenders would have a material adverse
impact on our liquidity and financial condition and could force us
to curtail or discontinue operations entirely and/or file for
protection under bankruptcy laws," the Company states in the
report.

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

                       http://is.gd/fNX7pu

                      About Implant Sciences

Implant Sciences Corporation (OBB: IMSC.OB) --
http://www.implantsciences.com/-- develops, manufactures and
sells sensors and systems for the security, safety and defense
(SS&D) industries.


INSITE VISION: Amends Merger Agreement with Sun Pharma
------------------------------------------------------
InSite Vision Incorporated, Ranbaxy, Inc., and Thea Acquisition
Corp., have amended their agreement and plan of merger on
Sept. 28, 2015.

As previously announced, on Sept. 15, 2015, InSite Vision, Ranbaxy,
an indirect wholly owned subsidiary of Sun Pharmaceutical
Industries Ltd., and Thea Acquisition Corp.("Merger Sub"), a wholly
owned direct subsidiary of Ranbaxy, entered into the Agreement and
Plan of Merger, providing for the acquisition of the Company by
Ranbaxy at a purchase price of $0.35 per share.

Pursuant to the terms of the Merger Agreement, Merger Sub will
commence a cash tender offer for all outstanding shares of common
stock, par value $0.01 per share, of the Company at a purchase
price of $0.35 per share, net to the seller in cash, without
interest.  Following successful completion of the Offer, or
adoption of the Merger Agreement by Company stockholders, Merger
Sub will merge with and into the Company, with the Company
continuing as the surviving corporation and a wholly owned
subsidiary of Ranbaxy.

The Merger Agreement was amended and restated to provide, among
other things, greater certainty as to closing timing by providing
that (1) if the conditions to the Offer are not satisfied by
Nov. 2, 2015, then Merger Sub may at any time prior to Nov. 13,
2015, terminate the Offer so that the Company may hold a special
meeting of its stockholders to consider adoption of the Merger
Agreement, and (2) any "subsequent offering period" relating to the
Offer would not be indefinitely extended.

A copy of the Amended and Restated Agreement and Plan of Merger
is available for free at http://is.gd/mivFbG

                           InSite Vision

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

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

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

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


INTERPHASE CORP: Files Voluntary Chapter 7 Bankruptcy Petition
--------------------------------------------------------------
Interphase Corporation, a diversified information and
communications technology company, on Sept. 30 disclosed that it
has ceased operations and commenced bankruptcy proceedings by
filing a voluntary petition for relief under provisions of Chapter
7 of Title 11 of the United States Bankruptcy Code to initiate an
orderly liquidation of the assets of the Company.

The Chapter 7 Case was filed in the United States Bankruptcy Court
for the Eastern District of Texas, Sherman Division.  As a result
of the filing, a Chapter 7 trustee will be appointed in the Chapter
7 Case and the assets of the Company will be liquidated in
accordance with the bankruptcy code.  Additional information on the
process can be obtained through the Bankruptcy Court.

Interphase Corporation -- http://www.iphase.com/-- is a
diversified information and communications technology company,
committed to innovation. Company products and services include
embedded computing solutions and a line of embedded computer vision
products.  Founded in 1974, the Company is located in Carrollton,
Texas, with sales offices in the United States and Europe.



INTERSIL CORP: Moody's Withdraws Ba3 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service has withdrawn the ratings of Intersil
Corp. -- Ba3 Corporate Family, B1-PD Probability of Default, Ba3
Senior Secured Credit Facility, and SGL-2 Speculative Grade
Liquidity.

Intersil, based in Malpitas, California, designs, manufactures, and
markets analog and mixed-signal semiconductors targeting the
computing, industrial, consumer, and communications end markets.



JDA HOLDING: Moody's Assigns B2 CFR, Outlook Stable
---------------------------------------------------
Moody's Investors Service assigned a B2 corporate family rating and
a B2-PD probability of default rating to JDA Holding LLC (to be
renamed SiteOne Holding LLC) and a B3 rating to the company's
proposed $350 million first lien senior secured term loan due 2022.
The rating outlook is stable.  This is the first time Moody's has
assigned ratings to this issuer.

SiteOne is raising approximately $350 million in first lien term
loan proceeds to fund a $290 million distribution to its existing
shareholders and to repay $61 million of the existing term loan due
2019 and a portion of outstanding borrowings under its revolving
credit facility.  Simultaneously, the company is amending and
upsizing its existing $250 million ABL revolving credit facility to
$325 million, while extending its maturity to 2020 from 2018.  Pro
forma for this transaction, approximately $137 million of revolver
borrowings will remain outstanding.

These rating actions have been taken:

Issuer: JDA Holding LLC:
  Corporate family rating, assigned a B2;
   Probability of default rating, assigned a B2-PD;

Issuers: JDA Holding LLC and John Deere Landscapes LLC, as
co-borrowers:
  Proposed $350 million first lien senior secured term loan due
   2022, assigned a B3 (LGD4);

The rating outlook is stable.

All ratings are subject to the execution of the transaction as
currently proposed and Moody's review of final documentation.  The
instrument ratings are subject to change if the proposed capital
structure is modified.

RATINGS RATIONALE

The B2 corporate family rating reflects the company's debt leverage
of approximately 5.0x (Moody's-adjusted debt-to-EBITDA), thin
operating margins that are common to companies in the distribution
business, aggressive financial policies, including a shareholder
distribution that will be part of the proposed transaction, as well
as long-term risks associated with potential shareholder-friendly
actions given the private equity ownership. The rating also
considers the company's acquisition growth strategies, which could
result in higher debt levels, integration challenges, or present
risks associated with acquired businesses performing below
expectations.  The rating also incorporates the company's exposure
to cyclical end markets and the associated revenue and earnings
vulnerability to cyclical declines.  However, currently favorable
conditions in the residential and commercial end markets are
expected to drive organic growth for the company's business over
the next 12 to 18 months.  The rating is also supported by the
company's solid pro forma interest coverage of approximately 3.0x
(adjusted EBITDA less capex to interest), the recurring nature of
landscape services, SiteOne's national presence, breadth of product
and service offering, and a diverse customer and supplier base.

The B3 rating on the company's proposed first lien term loan
reflects its less advantaged position in the capital structure
relative to a meaningfully large ABL revolving credit facility that
has a first priority security interest in current assets.

SiteOne has filed an S-1 and is planning to pursue an IPO in the
near future.  Moody's will review the company's capital structure
subsequent to the completion of the IPO.  The company has
historically operated under the John Deere Landscapes brand name
and the Deere logo.  It is being rebranded to SiteOne Landscape
Supply and is expecting to shift towards using SiteOne marketing
materials as well as cease using the Deere name and logo by the end
of 2015.  JDA Holding LLC (the borrower) is expected to be renamed
SiteOne Holding LLC and John Deere Landscapes LLC (co-borrower) is
expected to be renamed SiteOne Landscape Supply LLC prior to the
completion of the IPO.

The stable rating outlook reflects favorable trends in the
company's residential and commercial end markets that will drive
solid revenue and earnings growth over the next 12 to 18 months
while the company pursues growth strategies that could be
debt-financed.

The company has an adequate liquidity profile, supported by over
50% of the available capacity under its amended $325 million ABL
revolving credit facility, flexibility under the springing
financial covenant and an extended debt maturity profile.
Liquidity, however, is constrained by the seasonality of the
company's operations, which results in negative free cash flows
during seasonally weaker quarters, as well as by relatively low
cash balances.

The ratings could be upgraded if the company exercises conservative
financial policies, maintains stable operating margins, and
sustains adjusted debt to EBITDA comfortably below 4.0x even during
the periods of growth through acquisitions. Additionally, the
company would need to maintain a good liquidity profile, including
robust positive free cash flow generation, and demonstrate a track
record of successful integrations of the acquired businesses.

The ratings could be pressured downward if the company experiences
end market weakness and declines in revenues and operating margins,
resulting in adjusted debt to EBITDA rising above 6.0x or EBITDA
less capex to interest coverage declining below 1.5x.  A
significant debt-financed acquisition or a shareholder
distribution, as well as a weakening in liquidity, including
negative free cash flow generation, could also pressure the
ratings.

The principal methodology used in these ratings was Global
Distribution & Supply Chain Services published in November 2011.

SiteOne, headquartered in Roswell, Georgia and formerly known as
John Deere Landscapes, is a national wholesale distributor of
landscaping supplies in the U.S. and Canada.  The company offers
approximately 90,000 SKUs, including irrigation supplies, landscape
accessories, fertilized and nursery products, hardscapes, and
maintenance supplies.  Its customers include residential and
commercial landscape professionals.  The company is owned by
Clayton Dubilier & Rice and Deere & Company.  In the LTM period
ending June 30, 2015, SiteOne generated approximately $1.4 billion
in revenues pro forma for recent acquisitions.



KRATON PERFORMANCE: Moody's Puts Ba3 CFR on Review for Downgrade
----------------------------------------------------------------
Moody's Investors Service placed Kraton Performance Polymers, Inc.
Ba3 corporate family rating under review for downgrade.  The review
was prompted by the company's announcement that it has entered into
a definitive agreement to acquire Arizona Chemical Holdings
Corporation (Arizona Chemical, Ba3, rating under review for
downgrade) in a transaction valued at approximately $1.37 billion.
The company has proposed a capital structure of $1.775 billion in
new debt issuance, which would refinance the outstanding debt at
both entities.  Additionally, Kraton's $250 million ABL revolving
credit facility would be replaced with a new $250 million ABL
facility.  Kraton's Speculative Grade Liquidity rating is affirmed
at SGL-2.  The acquisition is subject to regulatory approvals and
is expected to close by the end of 2015 or beginning of 2016.

These summarizes the rating actions:

Kraton Performance Polymers, Inc.

  Corporate Family Rating, -- Under Review for Downgrade,
   currently Ba3
  Probability of Default Rating -- Under Review for Downgrade,
   currently Ba3-PD
  Speculative Grade Liquidity Rating -- Affirmed SGL-2

Kraton Polymers LLC

  Gtd. Senior Unsecured Notes due 2019 , Under Review for
   Downgrade, currently B1, LGD4 (Kraton Polymers Capital
   Corporation is a co-issuer of the notes)
  Outlook changed to Under Review for Downgrade from Stable

RATINGS RATIONALE

The review for downgrade reflects the expected increase in Kraton's
leverage following the acquisition of Arizona Chemical due to the
significant increase in debt.  Kraton estimates that the Arizona
Chemical transaction value represents an adjusted 7.4x multiple for
the LTM ending June 30, 2015, or 5.5x including synergies.  The
deal announcement includes expectations for a capital structure
refinancing, which will result in $1.775 billion of total balance
sheet debt upon completion of the transaction. The proposed capital
structure is in the form of a $1.35 billion covenant-lite term
loan, $425 million senior unsecured notes, and a new $250 million
ABL revolving facility, however the final capital structure may
ultimately differ.  Should the acquisition be fully debt financed
as indicated, it could result in pro forma leverage near 7.0x, for
LTM June 30, 2015, or 5.6x with synergies of approximately $65
million.  (Ratios include Moody's Standard Adjustments estimated
for the transaction.)

The review will focus on the final capital structure, leverage
following the transaction, as well as the expected improvement in
both Kraton and Arizona Chemical's performance in the second half
of 2015, which could improve pro forma LTM leverage by over a turn
to 5.8x, or 4.8x including synergies.  Additionally, the review
will consider the company's combined free cash flow generation
capabilities, the anticipated synergies, benefits from the NOL tax
shield, its plans for debt reduction, and management's ultimate
financial philosophy as it pertains to its leverage metric target.
The acquisition of Arizona Chemical will carry normal business
integration risks.

The company has secured $1.37 billion in committed financing from
Credit Suisse Securities (USA) LLC, Nomura Securities
International, Inc., and Deutsche Bank Securities, Inc.

Arizona Chemical Holdings Corporation (Arizona Chemical),
headquartered in Jacksonville, Florida, is a global leader in the
production and sales of pine based specialty chemicals.  Arizona
Chemical was acquired by private equity sponsor American Securities
LLC in 2010, from private equity owner Rhône Capital LLC, who
retained a minority interest.  The initial owner, International
Paper (Baa3), also retains a minority interest and provides key
feedstock supply contracts with Arizona Chemical.  The company had
sales of $863 million for the LTM ending June 30, 2015.

Kraton Performance Polymers, Inc., headquartered in Houston, Texas,
is a leading global producer of styrenic block copolymers (SBCs),
which are synthetic elastomers used in industrial and consumer
applications to impart favorable product characteristics such as
flexibility, resilience, strength, durability and processability.
Major end uses for Kraton's products include personal care
products, packaging and films, IR Latex, adhesives, sealants,
coatings, and compounds.  Kraton also makes products that serve the
paving and roofing industries.  The company generated revenues of
$1.1 billion for the LTM period ending
June 30, 2015.



LANCASTER COUNTY HOSP: Fitch Affirms BB+ Rating on 2012 Rev. Bonds
------------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating on the following
Lancaster County Hospital Authority revenue bonds, issued on behalf
of Saint Anne Retirement Community, PA (SARC):

--$19.1 million series 2012.

The Rating Outlook is revised to Negative from Stable.

SECURITY

The bonds are secured by a gross revenue pledge, mortgage lien, and
debt service reserve fund.

KEY RATING DRIVERS

WEAKER OPERATING PROFILE: The Outlook revision to Negative reflects
Fitch's concern with a several-year trend in flat revenue (versus
budgeted growth) as well as an ongoing decline in net operating
margin. In fiscal 2015 (June 30 year-end), SARC generated $14.8
million in resident service revenue, which is nearly flat from the
previous four fiscal years. Further, net operating margin decreased
to 5.9% from 7% in fiscal 2013, and well below the 12% generated in
fiscal 2011. SARC's profitability metrics remain consistent with
the below-investment-grade (BIG) rating category and are currently
adequate against its debt level. However, near-term capital plans
are likely to pressure these metrics.

OCCUPANCY MIXED: While independent living unit (ILU) occupancy was
healthy at 95% in fiscal 2015, net entrance fees were below budget
due to higher than anticipated refunds. In addition, personal care
(assisted living, ALU) occupancy continues to be pressured as SARC
converts space for its new 51-bed memory support unit (MSU).
Through fiscal 2015 the skilled nursing facility (SNF) was 89%
occupied and the personal care unit (PCU) was 79% occupied. While
management has thus far been successful in managing expenses to
census, SARC has just missed its budget for two fiscal years and
has only modest room in debt service coverage to absorb further
pressure.

CAPITAL PLANS PROGRESSING: SARC is moving forward on its planned
ILU expansion, the pre-development of which is being funded in part
with approximately $3 million in existing bond funds. The project
will progress in phases, with initial financing anticipated within
the next nine to 12 months.

MODERATE LIQUIDITY: At fiscal year ended June 30, 2015, SARC had
$8.5 million in unrestricted cash and investments, equating to 209
days cash on hand (DCOH), 45.2% cash to debt and a 5.3x cushion
ratio compared to Fitch's respective 'BIG' medians of 226.3 DCOH,
37.3% and 5x. Fitch believes that this level of liquidity is solid
for a Type C fee-for-service facility at a 'BB+' rating level.

LIMITED DEBT CAPACITY: SARC's current debt burden is currently
manageable, evidenced by maximum annual debt service (MADS) equal
to 9.9% of total revenue and 8x debt to net available. Of note,
SARC's revenue-only coverage has averaged 1.4x for the past five
fiscal years, ahead of Fitch's BIG median of 0.8x. However, future
capital plans are expected to include a debt issuance within the
next nine to 12months, which will likely pressure SARC's coverage
and leverage metrics.

RATING SENSITIVITIES

CAPITAL PLANS: SARC has continued moving forward on its ILU
expansion plan, and Fitch anticipates final determination of size,
phasing, and financing to occur in early-to-mid calendar year 2016.
Given SARC's limited capacity for additional debt, rating pressure
is possible once the project plans are finalized within the next 12
months.

CREDIT PROFILE

Saint Anne's Retirement Community (SARC, a type C continuing care
retirement community (CCRC), is located outside Columbia, PA in the
township of West Hempfield, approximately 35 miles southwest of
Harrisburg and 10 miles west of Lancaster. SARC is sponsored by the
Religious Congregation of Sisters of the Adorers of the Blood of
Christ, United States Province (ASC), and operates a 61-unit SNF, a
51-bed MSU, 51 personal care ALUs, and 71 rental and entrance fee
ILUs. Total revenues in fiscal 2015 (year-end June 30) were $15.5
million.

PROFITABILITY

Operating performance in fiscal 2015 was just below budget, due in
large part to flat revenue from occupancy pressure as well as
weaker net entrance fees. While ILU occupancy remains very healthy
at 95%, net entrance fee receipts fell to $146,000, below the
average $315,000 of the prior four fiscal years. This is due in
part to higher refunds than anticipated from residents
transitioning out of the ILUs before the full five-year
amortization of the entrance fee. Ongoing renovations to complete
the new MSU have also limited census as units are taken off line
and completed.

For 2016, SARC is budgeting for approximately $15.7 million in net
resident service revenue and $2.1 million in revenue available
(before entrance fees), which would produce approximately 1.3x
revenue-only coverage of MADS. This is consistent with historical
performance and per management is consistent with year-to-date
census and cash flow through August.

PROJECT PLANS

As expected, SARC is proceeding with its campus expansion plans,
which may add up to 106 ILUs when complete, likely in several
phases over the next several years. Currently, predevelopment costs
are being financed with existing bond funds (approximately $5
million at fiscal year-end, now approximately $3 million). However,
it is likely that SARC will pursue additional debt financing within
the next nine to 12 months. Fitch will incorporate those plans and
take rating action as they are finalized.

DEBT PROFILE

At fiscal year-end June 30, 2015, SARC had $19.1 million in
long-term debt, which is all fixed rate with no swaps. MADS is
equal to $1.6 million, which SARC covered at 1.29x per its covenant
calculation.

DISCLOSURE

SARC provides ongoing disclosure within 120 days of fiscal year and
within 60 days of each fiscal quarter end via the Municipal
Bondholders Rulemaking Board's EMMA system. Disclosure includes
balance sheet, income statement, occupancy, budget, and covenant
compliance.



LANDMARK ACADEMY: S&P Lowers Rating on Revenue Bonds to 'BB-'
-------------------------------------------------------------
Standard & Poor's Ratings Services lowered its rating on Michigan
Public Educational Facilities Authority's (Landmark Academy
project) series 2010 limited-obligation revenue and revenue
refunding bonds, issued for Landmark Academy, two notches to 'BB-'
from 'BB+'.  The outlook is negative.

"This action reflects our view of the school's continued enrollment
declines that have led to weakened operations and liquidity more
commensurate with the lower rating," said Standard & Poor's credit
analyst Stephanie Wang.  "Additionally, general fund draws due to
operating deficits, coupled with the academy exceeding its allotted
20% of per pupil state aid for debt service, further contribute to
the downgrade."

According to school management, limited short-term borrowing in
fiscal 2016 will provide a measure of cash flow relief.  Although
this is not uncommon for Michigan schools that have front-loaded
expenses in September but do not receive their first state aid
payments until the end of October, the ratings service still views
the need for short-term borrowing negatively, as it can add to
interest costs and indicate balance sheet weakness.

"If enrollment fails to improve while maximum annual debt service
coverage and days' cash decline further, and the school continues
to draw heavily on its reserves, we could further lower the
rating," Ms. Wang added.  "Conversely, we would consider a stable
outlook if enrollment rebounds such that operations improve and
maximum annual debt service coverage returns closer to 1.0x, debt
service payments no longer exceed the aforementioned 20% limit, and
the school's balance sheet strengthens such that cash flow no
longer relies on short-term borrowing."

Initially chartered in 1999 by Saginaw Valley State University,
Landmark is a kindergarten-through-Grade 12 public, college
preparatory charter school in Kimball Township (St. Clair County),
Mich.  The original bond proceeds were used to acquire, improve,
and equip the academy's upper-level facility.



LATTICE SEMICONDUCTOR: Moody's Lowers CFR to B2, Outlook Stable
---------------------------------------------------------------
Moody's Investors Service downgraded Lattice Semiconductor Corp.'s
ratings, including the Corporate Family Rating to B2 from Ba3,
Senior Secured Term Loan to B2 from Ba3, and Speculative Grade
Liquidity rating to SGL-3 from SGL-2.  The rating actions were
based on Moody's substantially reduced expectations for revenues
and cash flow over the near to intermediate term relative to our
expectations when the ratings were initially assigned.  The rating
outlook is stable.

RATINGS RATIONALE

"Moody's expects breakeven to negative free cash flow and declining
liquidity near term as we believe revenues and profitability will
remain well below historical performance and our expectations.
This reflects a more rapid than anticipated decline in revenues
from one of Lattice's largest customers, a slower than anticipated
ramp in product wins with Chinese smartphones, and the slower ramp
of new 4G base station construction in China," noted Terry Dennehy,
Senior Analyst at Moody's Investors Service.

The B2 CFR is also constrained by the company's small scale as a
niche player in the programmable logic segment of the semiconductor
market faces and significant integration execution risks related to
the Silicon Image acquisition.  The ratings are supported by the
large balance of cash and short term investments ($138 million as
of July 4, 2015), the limited near term debt maturities, and a
valuable intellectual property portfolio.

The stable outlook reflects Moody's expectation that over the next
year Lattice will generate revenue of no more than $500 million and
that EBITDA will be weak due to the much lower base of revenues.
Given the much lower EBITDA and the ongoing cash costs to
restructure the business, Moody's expects Lattice to generate
breakeven to slightly negative free cash flow (FCF).  Due to the
weak FCF, Moody's does not expect debt reduction beyond that
required by the credit agreement.  Moreover, given the weak EBITDA,
Moody's expects that debt to EBITDA (Moody's adjusted) will remain
above 6x over the next year.  Given the high leverage, Moody's
expects that Lattice will use any FCF that it generates to reduce
debt or build liquidity rather than for equity distributions.

The B2 rating on the senior secured term loan, which is the same as
the CFR, reflects the single class of debt, the absence of
financial maintenance covenants, and the limited cushion of
subordinated liabilities in the capital structure.

The Speculative Grade Liquidity ("SGL") rating of SGL-3 reflects
Lattice's adequate liquidity, which is supported by cash and short
term securities ($138 million as of July 4, 2015), the absence of
financial maintenance covenants governing the senior secured term
loan, and the limited near term cash demands given our expectation
of no worse than modestly negative FCF and modest debt maturities
over the next year.

Given the much lower revenue expectations, a rating upgrade is
unlikely over the next year.  Over the intermediate term, the
rating could be upgraded if Lattice returns to growth, with annual
revenues on-course to exceed $550 million and improves
profitability and FCF, with FCF to debt (Moody's adjusted)
sustained at least in the upper single digits percent.  The rating
could be downgraded if Moody's believes that FCF will remain
negative, available liquidity weakens, or revenues and
profitability decline on a sustained basis.

Downgrades:

Lattice Semiconductor Corp.
  Corporate Family Rating, Downgraded to B2 from Ba3
  Probability of Default Rating, Downgraded to B2-PD from Ba3-PD
  Senior Secured Bank Credit Facility, Downgraded to B2 (LGD3)
   from Ba3 (LGD3)
  Speculative Grade Liquidity, Downgraded to SGL-3 from SGL-2

Outlook Actions:

Lattice Semiconductor Corp.
  Outlook remains stable

Lattice, based in Hillsboro, Oregon, makes low power, small form
factor, low cost programmable logic devices for the consumer
electronics, communications, and industrial end markets.

The principal methodology used in these ratings was Global
Semiconductor Industry Methodology published in December 2012.



LOCAL CORP: Oct. 15 Hearing on Deal to Resolve Fast Pay Claim
-------------------------------------------------------------
A U.S. bankruptcy judge is set to hear a motion filed by Local
Corp. to approve a deal that would resolve the value of Fast Pay
Partners LLC's secured claim against the company.

U.S. Bankruptcy Judge Scott Clarkson will take up the motion at a
hearing on Oct. 15.

The companies entered into a deal after Fast Pay's lender elected
to make its borrowing facility to Local Corp. ineligible for
lending.  The lender will lift the ineligibility only upon entry of
a court order validating Fast Pay's secured claim.

Under the deal, Local Corp. agreed that Fast Pay holds a $2.16
million claim, which is "fully secured."  The company also affirms
the validity of Fast Pay's lien on assets that it used as
collateral for funds it received from the creditor.

As of June 23, 2015, Local Corp. owes its secured creditor more
than $3.17 million, according to court filings.

Scott Reinke, Local Corp.'s chief legal officer, defended the deal,
saying it will help the company avoid litigation.

Earlier, the company's official committee of unsecured creditors
objected to the agreement, arguing the bankruptcy estate won't
benefit from it.

                         About Local Corporation

Local Corporation, a publicly traded Delaware corporation (NASDAQ
symbol LOCM), is in the business of providing search results to
consumers who are searching online for local businesses, products
and services.  Founded in 1999, the Irvine, California-based
company went public in 2004 and has been one of the fastest growing
online local media businesses for a number of years, and for the
past four years it has been listed by Deloitte on its Technology
Fast 500.  The Company's search results are provided through the
Company's flagship Local.com Web site and through other proprietary
Web sites, and they are also delivered to a network of over 1,600
other Web sites that rely on search syndication services to provide
local search results to their own users.  The Company generates
revenue from ad units placed alongside its search results, which
include pay-per-click, pay-per-call, and display ad units.

The Company reported a net loss of $5.50 million on $83.1 million
of revenue for the year ended Dec. 31, 2014, compared with a net
loss of $10.4 million on $94.4 million of revenue in the prior
year.  The Company's balance sheet at March 31, 2015, showed $36.8
million in total assets, $25.7 million in total liabilities, and
stockholders' equity of $11.2 million.

Local Corp. filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Cal. Case No. 15-13153) in Santa Ana, California, on June 23, 2015.
The Debtor disclosed $16,141,222 in assets and $29,519,418 in
liabilities as of the Chapter 11 filing.

The case is assigned to Judge Scott C. Clarkson.  The Debtor tapped
Winthrop Couchot as counsel.

Robins Kaplan LLP represents as counsel to the Official Committee
of Unsecured Creditors.


MARYSVILLE CITY, CA: Moody's Lowers 2011 COPs Rating to B2
----------------------------------------------------------
Moody's Investors Service has downgraded the City of Marysville,
California's Issuer Rating to Baa3 from Baa1, and the city's 2011
Taxable Refunding Certificates of Participation (COPs) to B2 from
Ba3.  The outlook is negative.

The Issuer Rating represents what the city's General Obligation
(GO) rating would be if the city had such debt.  Under California
law, a city's GO pledge is secured by an unlimited ad valorem tax
levied upon all taxable property within the city.  The city must
raise property taxes by whatever amount necessary to repay the
obligation, irrespective of its underlying financial position.

The COPs are standard California abatement leases, secured by the
city's covenant to budget and appropriate lease payments to the
Marysville Public Financing Authority for the use and occupancy of
a five-acre site of undeveloped land and a community baseball
park.

The B2 COP rating reflects the significantly weaker security of the
COPs compared to GO pledges in California.  The five notch
distinction between Marysville's Issuer Rating and the rating on
the COPs reflects the city's very weak financial position, the
elevated debt service burden of the COPs on the city's finances and
continued weakness of the city's economy.

SUMMARY RATING RATIONALE

The downgrade of the COPs to B2 from Ba3 and Issuer Rating to Baa3
from Baa1 reflects significant financial challenges bearing upon
the city.  The FY 2016 budget appropriates $400,000 of the city's
$430,000 of available reserves, primarily to make payments on the
COPs.  Moody's expects budget pressure to intensify in FY 2017,
challenging both the city's ability and willingness to make COP
payments given the constraints on the city's financial position.

Importantly, the ratings reflect our assumption that the city will
return to voters for a 1-cent sales tax increase in June 2016.  If
successful, the estimated $1.5 million increase in annual revenues
would significantly stabilize the city's credit profile, as the
revenues would be sufficient to cover maximum lease payments and
support spending at existing service levels.  However, the city
council has not yet formally adopted such a sales tax measure, and
the city narrowly failed to pass a similar sales tax measure in the
November 2014 election.

The ratings and negative outlook reflect our view of the
significant difficulty the city will have in achieving fiscal
balance in FY 2017 absent meaningful new revenues or spending cuts,
a risk that is amplified given the city's nearly depleted fund
balance and the magnitude of cuts that have occurred to date.

OUTLOOK

The negative outlook reflects the downward pressure that would
result if the city fails to pass a sales tax increase in June 2016.
The outlook also reflects the constraints that would remain on the
city's budget even with these new revenues, and ongoing weakness in
the local economy.

WHAT COULD MAKE THE RATING GO UP

The ratings could be upgraded if the city meaningfully strengthens
its balance sheet and develops a balanced budget that provides a
comfortable margin for ongoing payment of the certificates

WHAT COULD MAKE THE RATING GO DOWN

The ratings are likely to be downgraded if the city fails to
implement a meaningful revenue measure and actually realizes a
substantial budget deficit in FY 2016 (as is currently projected)

The ratings could be downgraded if we perceive an increased risk to
full and timely payments on the certificates

OBLIGOR PROFILE

Marysville is a small city of 12,000 residents located in an
agricultural region between Chico and Sacramento in Yuba County,
for which it is the county seat.  The city is landlocked,
surrounded by rivers and levees, and long-term growth prospects are
limited.  Resident income levels and poverty rates are weak
relative to both the state and nation.

LEGAL SECURITY

The COPs are secured by the city's covenant to budget and
appropriate lease payments to the Marysville Public Financing
Authority for the use and occupancy of a five-acre site of
undeveloped land (B Street) and a community baseball park (Bryant
Field).  The COPs have a debt service reserve fund, currently
funded in cash at $555,000 and will be funded at $600,000 by FY
2017.  The debt service reserve fund is held by the trustee.



MEDICAL ALARM: Delays Fiscal 2015 Form 10-K for Review
------------------------------------------------------
Medical Alarm Concepts Holding Inc. filed with the U.S. Securities
and Exchange Commission a Notification of Late Filing on Form
12b-25 with
respect to its annual report on Form 10-K for the year ended June
30, 2015.  The Company said additional time is needed for it to
compile and analyze supporting documentation in order to complete
the Form 10-K and to permit its independent registered public
accounting firm to complete its review.

                       About Medical Alarm

King of Prussia, Pa.-based Medical Alarm Concepts Holding, Inc.,
utilizes new technology in the medical alarm industry to provide
24-hour personal response monitoring services and related products
to subscribers with medical or age-related conditions.

Medical Alarm reported net income of $225,000 on $1.15 million of
revenue for the year ended June 30, 2014, compared to net income
of $3.18 million on $573,000 million of revenue during the prior
year.

As of March 31, 2015, the Company had $1.22 million in total
assets, $3.58 million in total liabilities and a $2.36 million
total stockholders' deficit.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2014.  The independent auditors noted
that the Company had working capital deficit of $636,000, a
stockholders' deficit of $2.036 million, did not generate cash
from its operations, and had operating loss for past two years.  
These circumstances, among others, raise substantial doubt about
the Company's ability to continue as a going concern, according
to the auditors.


MEDIMPACT HOLDINGS: S&P Raises CCR to 'B+', Outlook Positive
------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on MedImpact Holdings Inc. to 'B+' from 'B'.  The outlook is
positive.

At the same time, S&P assigned a 'B+' issue-level rating to the
company's new term loan facility, which it expects will be issued
by new intermediate holding company MI Opco Holdings Inc.  S&P
assigned a '3' recovery rating to this debt, reflecting its
expectation for meaningful (50% to 70%, at the high end of the
range) recovery in the event of payment default.

"The ratings upgrade reflects the improvement in MedImpact's
leverage and cash flow measures following the refinancing of its
senior secured notes, coupled with several quarters of double-digit
organic revenue growth," said Standard & Poor's credit analyst
James Uko.  As a result of the refinancing, operating cash flows
improve by $20 million to $30 million per year, primarily due to
lower interest expense following the repayment of the high-coupon
10.5% secured notes.  Pro forma for the refinancing, S&P expects
leverage to decline into the mid-2x area and FFO to total debt to
improve to the high-20% area by the end of 2016.  This is
consistent with a "significant" financial risk profile in S&P's
assessment (revised from "aggressive").

S&P believes that MedImpact, which operates in a largely
consolidated industry, will sustain its leverage and cash flow
profiles by focusing on organic growth and forgoing major,
leveraging acquisitions over the next year.

The rating outlook on the MedImpact is positive, reflecting S&P's
view that the company could outperform our base-case forecasts,
which could result in FFO to debt metrics above 30%.

S&P could lower the rating in the unlikely event that MedImpact
experienced some level of business losses that resulted in a mid-
to high-single-digit revenue decline and about 500 basis point of
EBITDA margin deterioration, most likely as a result of the loss of
a major customer and greater industrywide pricing competition. In
S&P's view, this scenario could result in FFO to debt declining to
the high-teens, which it would likely view as consistent with an
"aggressive" financial risk profile and a one-notch lower rating.

S&P could raise the rating if margins improved, resulting in FFO to
debt that S&P expects the company would sustain above 30% and
leverage in the low-2x area.  These results would be consistent
with an assessment of an "intermediate" financial risk profile.
This could occur if the company expands margins by about 200 basis
points from current levels.  Given some history of
shareholder-friendly payments, S&P would also need to be confident
that the company and its owners were committed to maintaining
credit metrics at these levels.



METALICO INC: Terminates Registration of Securities
---------------------------------------------------
Metalico, Inc., filed post-effective amendments relating to its
registration statements on Form S-3 Metalico to remove from
registration any registered securities that remain unsold as of
Sept. 28, 2015:

    (1) Registration No. 333-144905 relates to 5,245,999 shares of
        common stock, par value $0.001 per share, of Metalico,
        offered for resale, from time to time, by certain selling
        stockholders, filed July 27, 2007.

    (2) Registration No. 333-151158 relates to 16,203,019 shares
        of common stock, par value $0.001 per share, of Metalico,
        offered for resale, from time to time, by certain selling
        stockholders, filed May 23, 2008, and amended by Amendment

        No. 1 to Form S-3 on July 16, 2008.
  
    (3) Registration No. 333-156026 relates to the public offering
        of up to $150,000,000 of securities of Metalico, filed on
        Dec. 9, 2008.

    (4) Registration No. 333-171989 relates to 782,763 shares of
        common stock, par value $0.001 per share, of Metalico,
        offered for resale, from time to time, by certain selling
        stockholders, filed Jan. 31, 2011.

    (5) Registration No. 333-175257 relates to 1,456,731 shares of
        common stock, par value $0.001 per share, of Metalico,
        offered for resale, from time to time, by certain selling
        stockholders, filed June 30, 2011.

    (6) Registration No. 333-177863 relates to the public offering
        of up to $200,000,000 of securities of Metalico, filed on
        Nov. 9, 2011.

    (7) Registration No. 333-200302 relates to 4,953,190 shares of
        common stock, par value $0.001 per share, of Metalico,
        offered for resale, from time to time, by certain selling
        stockholders, filed Nov. 17, 2014, amended by Amendment
        No. 1 on Dec. 2, 2014, and amended by Post-Effective
        Amendment No. 1 on April 23, 2015.

The Company also removes from registration any securities which
remain unsold under these Form S-8 Registration Statements:

    (1) Registration Statement No. 333-136206 relates to 880,000
        shares of common stock, par value $0.001 per share, of
        Metalico to be issued under the Metalico, Inc. 1997 Long-
        Term Incentive Plan, filed on Aug. 1, 2006.

    (2) Registration Statement No. 333-136207 relates to 2,499,635
        shares of common stock, par value $0.001 per share, of
        Metalico to be issued under the Metalico, Inc. 2006 Long-
        Term Incentive Plan, filed on Aug. 1, 2006.

    (3) Registration Statement No. 333-168581 relates to 2,160,043
        shares of common stock, par value $0.001 per share, of
        Metalico to be issued under the Metalico, Inc. 2006 Long-
        Term Incentive Plan, filed on Aug. 6, 2010.

On Sept. 11, 2015, pursuant to an Agreement and Plan of Merger,
dated as of June 15, 2015, by and among Total Merchant Limited
("Parent"), TM Merger Sub Corp. ("Merger Sub") and Metalico, as
amended, Merger Sub merged with and into Metalico and Metalico
became a wholly owned subsidiary of Parent.  In connection with the
Merger, all offerings of Metalico's securities pursuant to the
Registration Statements were terminated.

                          About Metalico

Metalico, Inc., is a holding company with operations in two
principal business segments: ferrous and non-ferrous scrap metal
recycling, and fabrication of lead-based products.  The Company
operates recycling facilities in New York, Pennsylvania, Ohio,
West Virginia, New Jersey, Texas, and Mississippi and lead
fabricating plants in Alabama, Illinois, and California.
Metalico's common stock is traded on the NYSE MKT under the symbol
MEA.

Metalico reported a net loss attributable to the Company of $44.4
million on $476 million of revenue for the year ended Dec. 31,
2014, compared with a net loss attributable to the Company of $34.8
million on $457 million of revenue for the year ended
Dec. 31, 2013.

As of June 30, 2015, the Company had $163.90 million in total
assets, $71.60 million in total liabilities and $92.30 million in
total stockholders' equity.

CohnReznick LLP, in Roseland, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company anticipates that it
will not meet the maximum Leverage Ratio covenant as prescribed by
the Financing Agreement for the quarter ended March 31, 2015, and
there can be no assurance that the Company can resolve any
noncompliance with their lenders.  As a result, the Company's debt
could be declared immediately due and payable which would result in
the Company having insufficient liquidity to pay its debt
obligations and operate its business.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


MOLYCORP INC: $3 Million Executive Bonus Plan Challenged
--------------------------------------------------------
Matt Chiappardi at Bankruptcy Law360 reported that both the federal
bankruptcy watchdog and the union representing employees at
Molycorp Inc.'s soon-to-be temporarily shuttered California mine
took issue on Sept. 25, 2015, with the rare-earth producer's $3
million executive bonus plan, with the latter arguing the
compensation appears to be a "giveaway" to company insiders.

The U.S. Trustee's Office and the United Steel Workers, which
represents roughly 300 employees at Molycorp's flagship Mountain
Pass mine, objected before the Delaware bankruptcy court.

                        About Molycorp

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

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

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

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

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

The agreement provides for a financial restructuring of the
Company's $1.7 billion in debt and provides up to $225 million in
gross proceeds in new financing to support operations while the
Company completes negotiations with creditors.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from
the
filings as it is not 100% owned by the Company.

Molycorp is being advised by the investment banking firm of Miller
Buckfire & Co. and is receiving financial advice from
AlixPartners,
LLP.  Jones Day and Young, Conaway, Stargatt & Taylor LLP act as
legal counsel to the Company in this process.  Prime Clerk serves
as claims and noticing agent.

Secured creditor Oaktree Capital Management L.P., consented to the
use of cash collateral and to extend postpetition financing.

On July 8, 2015, the U.S. trustee overseeing the Chapter 11 case
of
Molycorp Inc. appointed eight creditors of the company to serve on
the official committee of unsecured creditors.


MOLYCORP INC: Defends $3 Million Executive Incentive Plan
---------------------------------------------------------
Matt Chiappardi at Bankruptcy Law360 reported that bankrupt rare
earth miner Molycorp Inc. on Sept. 29, 2015, in Delaware bankruptcy
court pushed back against harsh criticism of its up to $3 million
executive bonus plan, contending that those objecting to the
proposed incentive pay seem "intent on punishing" the company's
management team for the past.

In a brief before the court, Molycorp contended that arguments that
its key employee incentive program, or KEIP, runs afoul of the
Bankruptcy Code by making the benchmarks easy to achieve are wrong
and have no evidentiary support.

                        About Molycorp

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

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

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

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

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

The agreement provides for a financial restructuring of the
Company's $1.7 billion in debt and provides up to $225 million in
gross proceeds in new financing to support operations while the
Company completes negotiations with creditors.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from
the
filings as it is not 100% owned by the Company.

Molycorp is being advised by the investment banking firm of Miller
Buckfire & Co. and is receiving financial advice from
AlixPartners,
LLP.  Jones Day and Young, Conaway, Stargatt & Taylor LLP act as
legal counsel to the Company in this process.  Prime Clerk serves
as claims and noticing agent.

Secured creditor Oaktree Capital Management L.P., consented to the
use of cash collateral and to extend postpetition financing.

On July 8, 2015, the U.S. trustee overseeing the Chapter 11 case
of
Molycorp Inc. appointed eight creditors of the company to serve
on
the official committee of unsecured creditors.


NATROL INC: Debtors Seek to Extend Removal Period to Jan. 4, 2016
-----------------------------------------------------------------
Leaf123, Inc., formerly known as Natrol, Inc., et al., ask the
Bankruptcy Court to further extend the period within which they may
remove actions pending in various state and federal courts by an
additional 120 days, through and including Jan. 4, 2016.

In light of the significant progress made in these Chapter 11 Cases
and the attendant demands on the Debtors' personnel and
professionals since the Petition Date, the Debtors submit that
there is a legitimate need for additional time to review their
outstanding litigation matters and evaluate whether those matters
should be removed pursuant to Bankruptcy Rule 9027.  In the absence
of such relief, the Debtors would lose a potentially key element of
their overall ability to manage litigation during these Chapter 11
cases, even before that litigation could reasonably be evaluated,
to the detriment of the Debtors, their estates, and their creditors
as a whole.  

Additionally, according to the Debtors, the counterparties to any
Actions will suffer no discernible prejudice from the relief
sought. All known litigation against the Debtors has been resolved,
and only one litigation commenced by the Debtors remains.  The
Debtors seek to extend the removal deadline out of an abundance of
caution.

                        About Natrol, Inc.

Headquartered in Chatsworth, Calif., Natrol, Inc., sold herbs and
botanicals, multivitamins, specialty and sports nutrition
supplements made to support health and wellness throughout all ages
and stages of life.  Natrol, Inc., was a wholly owned subsidiary of
Plethico Pharmaceuticals Limited (BSE: 532739. BO: PLETHICO).

Natrol, Inc., and its six affiliates sought bankruptcy protection
(Bankr. D. Del. Case No. 14-11446) on June 11, 2014.  The case is
assigned to Judge Brendan Linehan Shannon.  The Debtors are
represented by Robert A. Klyman, Esq., and Samuel A. Newman, Esq.,
at Gibson, Dunn & Crutcher LLP, in Los Angeles, California; and
Michael R. Nestor, Esq., Maris J. Kandestin, Esq., and Ian J.
Bambrick, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware.  The Debtors' Claims and Noticing Agent is
Epiq Systems INC.

The Debtors requested that the Court approve the employment of (i)
Jeffrey C. Perea of the firm Conway MacKenzie Management Services,
LLC as chief financial officer and for CMS to provide temporary
employees to assist Mr. Perea in carrying out his duties; (ii)
Stephen P. Milner of the firm Squar, Milner, Peterson, Miranda &
Williamson LLP as chief restructuring officer and for CMS to
provide temporary employees to assist Mr. Milner in carrying out
his duties; (iv) BDO USA, LLP as auditor; (v) TaxGroup Partners as
tax services provider.

The Official Committee of Unsecured Creditors tapped Otterbourg
P.C. as lead counsel; Pepper Hamilton LLP as Delaware counsel; and
CMAG as financial advisors.

                            *     *     *

On Nov. 10, 2014, the Debtors held an auction for the sale of the
assets, and Aurobindo Pharma USA Inc. emerged as the successful
bidder.  The Court approved the sale and the sale closed on Dec. 4,
2014.  The Debtors changed their names to Leaf123, Inc., following
the sale.

The Debtors filed a Chapter 11 plan of liquidation, pursuant to
which tax refunds and credits, all shares of capital stock or other
equity interests in Natrol UK, all avoidance actions not otherwise
purchased by the Buyer under the Purchase Agreement, the proceeds
from prepetition litigation, the proceeds from the sale
transaction, and certain other assets are being pooled and
distributed to persons or entities holding allowed claims in
accordance with the priorities of the Bankruptcy Code.



NATROL INC: Debtors' Liquidating Plan Has June 17 Effective Date
----------------------------------------------------------------
Leaf123, Inc., formerly known as Natrol, Inc., et al., notified
that on June 17, 2015, at 12:01 a.m. (ET), the effective date
occurred with respect to their Second Amended Joint Liquidating
Plan.

On May 22, 2015, the U.S. Bankruptcy Court for the District of
Delaware entered an order confirming the Liquidating Plan dated as
of May 22, 2015.

Federal or state taxing authorities will have until 5:00 p.m. (ET)
on Dec. 14, 2015, to file a priority tax claim to the extent that
it relates to the Debtors' prepetition tax liability, if any,
relating to the Debtors' 2014 income, in excess of the Debtors'
payment of approximately $19.1 million in estimated taxes on or
around March 16, 2015.

                        About Natrol, Inc.

Headquartered in Chatsworth, Calif., Natrol, Inc., sold herbs and
botanicals, multivitamins, specialty and sports nutrition
supplements made to support health and wellness throughout all ages
and stages of life.  Natrol, Inc., was a wholly owned subsidiary of
Plethico Pharmaceuticals Limited (BSE: 532739. BO: PLETHICO).

Natrol, Inc., and its six affiliates sought bankruptcy protection
(Bankr. D. Del. Case No. 14-11446) on June 11, 2014.  The case is
assigned to Judge Brendan Linehan Shannon.  The Debtors are
represented by Robert A. Klyman, Esq., and Samuel A. Newman, Esq.,
at Gibson, Dunn & Crutcher LLP, in Los Angeles, California; and
Michael R. Nestor, Esq., Maris J. Kandestin, Esq., and Ian J.
Bambrick, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware.  The Debtors' Claims and Noticing Agent is
Epiq Systems INC.

The Debtors requested that the Court approve the employment of (i)
Jeffrey C. Perea of the firm Conway MacKenzie Management Services,
LLC as chief financial officer and for CMS to provide temporary
employees to assist Mr. Perea in carrying out his duties; (ii)
Stephen P. Milner of the firm Squar, Milner, Peterson, Miranda &
Williamson LLP as chief restructuring officer and for CMS to
provide temporary employees to assist Mr. Milner in carrying out
his duties; (iv) BDO USA, LLP as auditor; (v) TaxGroup Partners as
tax services provider.

The Official Committee of Unsecured Creditors tapped Otterbourg
P.C. as lead counsel; Pepper Hamilton LLP as Delaware counsel; and
CMAG as financial advisors.

                            *     *     *

On Nov. 10, 2014, the Debtors held an auction for the sale of the
assets, and Aurobindo Pharma USA Inc. emerged as the successful
bidder.  The Court approved the sale and the sale closed on Dec. 4,
2014.  The Debtors changed their names to Leaf123, Inc., following
the sale.

The Debtors filed a Chapter 11 plan of liquidation, pursuant to
which tax refunds and credits, all shares of capital stock or other
equity interests in Natrol UK, all avoidance actions not otherwise
purchased by the Buyer under the Purchase Agreement, the proceeds
from prepetition litigation, the proceeds from the sale
transaction, and certain other assets are being pooled and
distributed to persons or entities holding allowed claims in
accordance with the priorities of the Bankruptcy Code.



NEW YORK TIMES: Gains Edge Over Tribune with Digital Expansion
--------------------------------------------------------------
The New York Times (B1 stable) has achieved a stronger footing in
the digital space than Tribune Publishing (B1 negative), giving it
a significant advantage over its biggest competitor, says Moody's
Investors Service.

"While The New York Times and Tribune Publishing have similar
credit quality, The New York Times has taken greater advantage of
the growing digital space and continues to make strategic
investments to bolster its digital advertising and digital
subscriber base," said Alina Khavulya, a Moody's Vice President -
Senior Analyst.  "Tribune Publishing has not made the equivalent
strides either in digital ad growth or digital subscription."

Furthermore, while Tribune Publishing has broader and more diverse
newspaper brands, it has a less stable revenue base, according to
the report, "New York Times and Tribune Publishing: Peer Comparison
-- Digital Readiness Makes New York Times Stronger."

Tribune Publishing draws nearly 30% of its advertising revenue from
classified ads, compared with just 5% for The New York Times. In
addition, The New York Times generated 53% of its total revenue
from circulation, compared with 27% for Tribune Publishing, for the
12 months ended June 30, 2015.  Thus, The New York Times has a
stronger baseline revenue base during times of weak advertising
activity.

The New York Times' digital-only subscriber base provides yet
another source of revenue.  The large digital audience for its
website also boosted its digital advertising revenue base, which
exceeded Tribune Publishing's digital ad revenues in 2014.

"We expect that The New York Times will continue benefiting from
its investments in digital infrastructure to grow its digital ad
and subscription business, while managing its cost base to address
the general decline in print advertising," added Khavulya.


NEXSTAR BROADCASTING: S&P Affirms 'B+' CCR, Outlook Remains Pos.
----------------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its 'B+'
corporate credit rating on Irving, Texas-based TV broadcaster
Nexstar Broadcasting Group Inc.  The rating outlook remains
positive.

The positive rating outlook reflects S&P's view that it could raise
the rating on Nexstar if it become convinced that the company can
effectively realize the benefits of the increased size and scale of
the combined company and generate significant discretionary cash
flow, which could reduce adjusted debt to trailing-eight-quarter
average EBITDA to the low-5x area by the end of 2016.  If the
acquisition is completed, the combined company will own and operate
or service 162 television stations in 99 markets, reaching
approximately 39% of U.S. households and becoming one of the
largest local television broadcasters in the industry.

S&P currently views both Nexstar's and Media General Inc.'s
business risk profiles as "satisfactory" and believe that a merger
would improve the combined company's business risk profile.
However, it is unlikely that the combined company's business risk
profile would improve enough to warrant an upward revision to S&P's
"satisfactory" assessment due to its concentrated exposure to the
television advertising ecosystem, which is facing secular pressure.
S&P expects the combined company to benefit from the increased
size and scale of the company's TV broadcasting and digital assets,
which would likely lead to increased negotiating power in
retransmission consent negotiations with cable, satellite, and
telecom video service providers, as well as in programming
purchases and station management efficiency.

Nextar plans to finance the proposed acquisition with a combination
of stock and approximately $1.4 billion in cash.  S&P expects the
company to fund the cash component with cash on the balance sheet
and the issuance of incremental debt.  As a result, S&P expects the
combined company's adjusted leverage to increase to close to 6x on
an adjusted debt to trailing-eight-quarter average EBITDA basis.
The acquisition will not impact S&P's current assessment of
Nexstar's financial risk profile as "highly leveraged," though it
would increase leverage significantly because Nexstar had reduced
adjusted debt to trailing-eight-quarter average EBITDA to the high
4x area as of June 30, 2015.

"The positive rating outlook reflects our expectation that, even
though the proposed transaction would improve the combined company'
scale and scope of operations, it would also increase adjusted debt
to trailing-eight-quarter average EBITDA to around 6x at the time
of the closing," said Standard & Poor's credit analyst Jawad
Hussain.  "If the transaction does not occur, we will reassess our
outlook on Nexstar, based on whether the company reverts to its
previously stated desire to maintain leverage below 5x on a
sustained basis or if it pursues sizeable acquisitions that could
increase leverage."

S&P could raise the rating on Nexstar if S&P become convinced that
the company can effectively realize the benefits of the increased
size and scale of the combined company and generate significant
discretionary cash flow, causing adjusted debt to
trailing-eight-quarter average EBITDA to decline to the low-5x area
by the end of 2016.  An upgrade would also entail the company
committing to a financial policy that maintains leverage at around
5x on a sustained basis.

S&P could revise the outlook to stable if Nexstar meaningfully
increases the debt funded portion of the purchase price, such that
the combined company's pro forma adjusted debt to
trailing-eight-quarter average EBITDA would be above 6x.  This
would, in S&P's view, increase the timeframe for reducing leverage
to around 5x beyond 2016.



NRAD MEDICAL: Sale of RT Unit to St. Francis Hospital Okayed
------------------------------------------------------------
Bankruptcy Judge Louis A. Scarcella in Central Islip, New York, has
authorized Nrad Medical Associates, P.C. to sell assets to the
corporate parent of St. Francis Hospital, in Roslyn, New York.

In that Order, the Court authorized the Debtor to sell to the
Purchaser as part of the Purchased Assets:

     (i) for $325,000 the Tomotherapy Linac from M&T Bank
previously subject to the lease agreement listed on the Assignment
Schedule, and pay such amount to M&T Bank at the Closing, in full
and final satisfaction of any claims held by M&T Bank against the
Debtor's estate, and M&T Bank shall, upon receipt of such funds,
withdraw and waive any further claims against the Debtor's estate;


    (ii) for the total price of $750,000 the equipment from Bank of
the West previously subject to the lease agreement listed on the
Assignment Schedule, and pay the amount to Bank of the West at the
Closing, in full and final satisfaction of any claims held by Bank
of the West against the Debtor's estate, and Bank of the West
shall, upon receipt of such funds, withdraw and waive any further
claims against the Debtor's estate; and

  (iii) for a price as agreed to by and between the Debtor and Key
Equipment Finance, a division of KeyBank National Association, in
consultation with the Committee, in connection with the valuation
of KeyBank's secured claim as may be determined by further Order of
the Court, a Varian RapidArc radiotherapy machine and linear
accelerator and related equipment in which the Debtor previously
granted a security interest to KeyBank, provided, however, that
KeyBank's security interest will attach to the proceeds of the
sale, in order of its priority and with the same validity, force,
and effect that it now has against the KeyBank Equipment, subject
to the rights, claims and defenses of Debtor or its estate, as
applicable, may possess with respect thereto.

In August, the Bankruptcy Court, at the behest of Nrad Medical,
approved bidding procedures to govern the sale of the assets in its
Radiation Therapy Practice, as well as the assumption and
assignment of certain expired leases of non-residential real
property.

Subject to the terms of a purchase agreement the Debtors have
entered with Catholic Health System of Long Island, Inc. (CHS),
which operates St. Francis Hospital, the Purchaser offered to
acquire the Assets, free and clear of all existing liens, claims
and encumbrances, for $3,285,810.

To receive the highest and best price for the Assets, the Debtors'
counsel sought permission to conduct an auction.  The Bidding
Procedures Order provided that, in the event the Assets are sold to
any other parties other than CHS, the Debtors would reimburse CHS's
professional fees and expenses, not to exceed $150,000.  Pursuant
to the Bidding Procedures Order, the Auction was scheduled for
September 9, 2015 at 10 a.m. while the Sale hearing was set for
September 10.

                         About NRAD Medical

NRAD Medical Associates, P.C., operated a regional radiology
imaging medical practice and a regional radiation therapy practice
with 16 locations throughout Long Island and Queens, New York,
before selling its assets in June 2015.

NRAD Medical sought Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 15-72898) in Central Islip, New York, on July 7,
2015.  The case is assigned to Judge Louis A. Scarcella.

The Debtor estimated assets and liabilities of $10 million to $50
million.

The Debtor is represented by Anthony C Acampora, Esq., at
Silverman
Acampora LLP, in Jericho, New York.

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


ORION PROCESSING: Ex-Execs Slam CFPB Over $67MM Debt-Relief Scheme
------------------------------------------------------------------
Daniel Langhorne at Bankruptcy Law360 reported that former
executives at defunct Orion Processing LLC fired back on Sept. 25,
2015, against allegations made by the Consumer Financial Protection
Bureau in Florida federal court that they participated in a
debt-relief scheme costing consumers $67 million, claiming the
agency unlawfully seized the company's assets and put it out of
business.

Counter-plaintiffs David Klein, Derin Scott and Shannon Scott claim
the bureau failed to seek or obtain permission, specifically from
the judge presiding over Orion's bankruptcy proceedings, to seize
property of the bankruptcy estate.


ORLANDO GATEWAY: Carson Good Files Plan, Wants Oct. 15 Hearing
--------------------------------------------------------------
Good Gateway, LLC, and SEG Gateway, LLC, have proposed a
reorganization plan for Nilhan Hospitality, LLC, and Orlando
Gateway Partners, LLC that will let real estate developer Carson
Good take 100% of the ownership and control of the Debtors'
properties from current owner Chittranjan Thakkar in exchange for
funding all plan payments.

Prepetition, Good Gateway and SEC had won $12 million judgments in
a state court lawsuit filed against the Thakkar and the Debtors but
a sheriff's sale of the assets was stayed by the bankruptcy filing
of the Debtors.

The Good Plan provides for these terms:

   * On the Effective Date, the Plan provides that the Debtors'
assets and liabilities will be substantively consolidated into one
Reorganized Debtor, which will be obligated to make all Plan
Payments.

   * On the Effective Date, holders of allowed administrative
claims (estimated at $75,000) will be paid in full.

   * The holders of allowed secured claims will retain their
respective liens on the subject properties and be paid in full over
time:

      -- The allowed secured claims of Good Gateway and SEG (Class
1) will be paid within 3 years after the date of final adjudication
or resolution of the appeals in favor of GG and SEG.  

     -- The allowed secured claim of Summit (Class 2) in the amount
of $5,634,237, secured by mortgage liens on the Debtors' real
property, will be paid with monthly payments of principal and
interest, which will accrue at 5%, based on a 25 year amortization
schedule, and with final maturity date 60 months from the Petition
Date; provided, that the Reorganized Debtor may pay the Class 2
Claim in full at any time prior to one year after the Effective
Date and during such one year period the payoff amount of the Class
2 Claim will be reduced by 5% of the total Allowed Claim amount as
of such date.

     -- The allowed secured claim of the Orange County Tax
Collector for ad valorem taxes in 2014 (Class 3 and Class 5) will
be paid with monthly payments of principal and interest, with
interest accruing at the Statutory Rate, which is defined in the
Plan as the applicable rate of interest allowed to be charged on ad
valorem taxes under Florida law, amortized over 25 years, and a
final maturity date that is 60 months after the Petition Date.

  -- The allowed secured claim of the Orange County Tax Collector
for ad valorem property taxes owed by Nilhan and OGP for the 2015
tax year (Class 4 and Class 6) will be paid in the ordinary course
of business when such taxes are assessed in 2016.  Classes 4 and 6
are unimpaired under the Plan.

   -- Nilhan Financial is alleging a secured claim (Class 7)
allegedly secured by a first priority mortgage lien on the OGP
Property in an amount exceeding $33,000,000.  However, an adversary
proceeding is challenging the validity and priority o Nilhan
Financial's mortgage debt and seeks to equitably subordinate any
allowed secured claim of Nilhan Financial to the Class 1 claims.
If Nilhan Financial is deemed to have an allowed secured claim, the
claim will be paid with monthly payments of principal and interest,
with a final maturity date 60 months after the Effective Date.
Newco will be required, as part its consideration for the equity
interests in the Reorganized Debtor, to post to a designated debt
service reserve account on or before the Effective Date an amount
equal to one year of Class 7 payments (the "Class 7 Debt Service
Reserve").

   * The class of allowed general unsecured claims (Class 8) --
consisting of all claims of general unsecured creditors except for
any allowed unsecured deficiency claim of Nilhan Financial --  will
be paid in full within one year from the Effective Date, either
from the proceeds of the Causes of Action or from Newco.

   -- The allowed unsecured claim of Nilhan Financial (Class 9),
which includes any deficiency claim, will be paid from the net
proceeds of the causes of action after payment in full of all
allowed general unsecured claims.

   -- All membership interest in the Debtors existing as of the
Petition Date (Class 10) will be extinguished on the Effective
Date.

GG and SEG have filed an adversary complaint that will seek (i) to
re-characterize the Nilhan Financial loan as equity, (ii) a
determination that the Nilhan Financial mortgage has terminated
under Fla. Stat. Sec. 95.281(a), and (iii) to subordinate any
allowed secured claim of Nilhan Financial to the judgment liens of
the Plan Proponents (the "Nilhan Financial Adversary").

The Reorganized Debtor will issue 100% of its membership interests
to a new limited liability company formed by Mr. Carson Good (such
company, "Newco") in exchange for Newco's commitment to fund all
Plan Payments, the Class 7 Debt Service Reserve (if necessary), the
Class 8 Payoff (as necessary), and to fund all legal fees and
expenses to pursue the causes of action.

Mr. Good, a commercial real estate developer, has strategic plans
for all parcels of the OGP Property and Nilhan Property. Although
subject to change, Mr. Good believes under his leadership the
Reorganized Debtor can (i) fully lease the shopping center on the
Nilhan Property to generate an additional $300,000.00 in net
operating income after approximately 18 months; (ii) develop the
vacant parcels of the OGP Property through either a joint venture
or refinancing for either a residential, Class A, apartment complex
or a hotel franchise; and (iii) lease certain of the currently
vacant outparcels on the OGP Property, which should generate
approximately $100,000 in additional net operating income each
year.  Additionally, Mr. Good claims to have the experience and
ability to secure a refinancing of both the Nilhan Property and the
OGP Property if necessary in the event Nilhan Financial has a
first-priority Allowed Secured Claim in the full amount of its
claim.  Under any scenario, Mr. Good says his plans for the
Reorganized Debtor will allow the Reorganized Debtor to make all
Plan Payments.

A copy of the Disclosure Statement explaining the GG and SEG Plan
filed Aug. 19, 2015, is available for free at:

     http://bankrupt.com/misc/Orlando_G_65_SEG_GG_DS.pdf

                  Oct. 15 Combined Hearing Sought

The Plan Proponents request a combined confirmation and disclosure
statement hearing, saying that a speedy exit from the Chapter 11
cases is in all parties' best interests.  The Plan Proponents
anticipate that a sufficient percentage of holders of impaired
claims will approve the Plan.  They request the combined hearing be
scheduled for a date no later than Oct. 15, 2015.

Good Gateway and SEG are represented by:

         R. Scott Shuker, Esq.
         Christopher R. Thompson, Esq.
         LATHAM, SHUKER, EDEN &BEAUDINE, LLP
         111 N. Magnolia Avenue, Suite 1400
         Orlando, Florida 32801
         Tel: 407-481-5800
         Fax: 407-481-5801
         E-mail: rshuker@lseblaw.com
                 cthompson@lseblaw.com
                 bknotice@lseblaw.com

                    About Orlando Gateway

Nilhan Hospitality, LLC, owns approximately 15.75 acres of
commercial real estate located near the Orlando International
Airport on the West side of South Semoran Boulevard and North of
the State Road 528/The Beachline Expressway.  One parcel
(approximately 7.27 acres) has been partially developed as and has
two buildings located at 5463 Gateway Village Circle and 5475
Gateway Village Circle, which are approximately 15,000 square feet
in size.  

Orlando Gateway Partners, LLC, owns approximately 47.95 acres of
commercial real estate located near the Orlando International
Airport on the West side of South Semoran Boulevard and North of
the State Road 528/The Beachline Expressway.  The property is
comprised of four separate parcels, one parcel (approximately 17
acres) has been partially developed and a portion of it is leased
to Sixt Rent-A-Car, LLC. The second parcel (approximately .14
acres) is rented to Clear Channel Worldwide and contains a
billboard. The remaining two parcels (approximately 10.75 and 20.10
acres respectively) are vacant.

Nilhan Hospitality and Orlando Gateway and related entities have
been involved in extensive litigation with Good Gateway, LLC, SEG
Gateway, LLC and other parties since 2009.  In October 2014,
separate judgments were entered in favor of SEG and Good Gateway.

To prevent the assets from being sold at judicial foreclosure
sales, Nilhan Hospitality and Orlando Gateway Partners commenced
Chapter 11 bankruptcy cases (Bankr. M.D. Fla. Case No.15-03447 and
15-03448, respectively) in Orlando, Florida on April 20, 2015.

Chittranjan "Chuck" Thakkar owns 70% of the Nilhan's outstanding
membership interests, and indirectly owns and controls OGP.
Thakkar, as manager, signed the bankruptcy petitions.

Nilhan estimated $1 million to $10 million in assets and $10
million to $50 million in debt while Orlando Gateway estimated
at least $10 million in assets and debt.

The Debtors are represented by Kenneth D Herron, Jr., Esq.,
at Wolff, Hill, McFarlin & Herron, P.A.

                          *    *    *

The Debtors, with the consent of Good Gateway and SEG, have won
from the Bankruptcy Court an order lifting the automatic stay to
allow their appeals of the judgments to go forward.

On June 8, 2015, the U.S. Trustee filed a motion to dismiss or
convert to Chapter 7 the Debtors' bankruptcy cases.  On June 15,
2015, the Good Gateway and SEG file a motion to appoint a Chapter
11 trustee for the Debtors.  On June 16, 2015, the Debtors filed
their Application to Retain Larry S. Hyman, CPA, as Restructuring
Advisor and Chief Restructuring Officer.  Following mediation, the
parties agreed that (i) the Debtors would withdraw the Hyman
Application; (ii) the Trustee motions would be withdrawn, and the
(iii) the Debtors would file an application to employ Tery Soifer
as CRO.

On Aug. 12, 2015, the Court entered an order denying the motion to
dismiss the Chapter 11 cases.  The Court also entered an order
terminating the Debtors' exclusive periods to propose a Chapter 11
plan as of July 31, 2015.

Three competing plans have so far been filed in the Chapter 11
cases by: (1) the Debtors, (ii) Good Gateway and SEG, and (iii)
secured creditor SummitBridge National Investments IV LLC.


ORLANDO GATEWAY: Files Plan, Wants Auction for New Investor
-----------------------------------------------------------
Nilhan Hospitality, LLC, and Orlando Gateway Partners, LLC are
proposing a reorganization plan that contemplates holding an
auction to select a new investor who will get 100% of the ownership
and control of the Debtors' properties in exchange for funding all
plan payments.

Under the Plan, the existing membership interests of current owner
Chittranjan Thakkar will be extinguished, and the Debtor will issue
new membership interests through an auction sale with the new
capital being used to fund, in part, payments due under the Plan.

Membership interests in Reorganized Debtor will be issued to the
new investor ("New Investor") on the Effective Date, such that New
Investor will hold 100% of the issued and outstanding interests of
the Reorganized Debtor.  Any party desiring to purchase the
interests, will deposit in escrow with the Debtors' attorneys, at
or prior to the hearing on confirmation of the Plan, not less than
$1,000,000 (the "Minimum Deposit").  Any party who timely makes the
Minimum Deposit shall be deemed a Qualified Bidder.  If there is
more than one Qualified Bidder, then the Qualified Bidders shall
participate in an auction for the Interests to be conducted by the
Court and on such terms and conditions as determined by the Court.
The funds paid to the Reorganized Debtor by the New Investor for
the equity interests will be deemed capital contributions to the
Reorganized Debtor.

Similar to the Chapter 11 plan proposed by Good Gateway, LLC, and
SEG Gateway, LLC, the Debtors' Plan provides that:

   -- The Debtors' assets and liabilities will be substantively
consolidated into one Reorganized Debtor, which will be obligated
to make all Plan Payments.

   -- Holders of Allowed Administrative Claims and all Allowed
Unsecured Priority Tax Claims (which does not include ad valorem
tax claims) will be paid in full.  

   -- The Holders of Allowed Secured Claims will retain their
respective liens on the subject properties with the Allowed Secured
Claims being paid in full over time.

   -- The Holders of Allowed Secured Tax Claims will be paid in
full, with interest accruing at the rate provided by Florida law
over a period of 4 years from the Petition Date.

   -- All Allowed Unsecured Claims, except for any portion of the
claim of Nilhan Financial that is equitably subordinated, will be
paid in full within one year from the Effective Date.

   -- The Allowed Unsecured Claim of Nilhan Financial which is
equitably subordinated, if any, will be paid from the net proceeds
of the causes of action after payment in full of all allowed
general unsecured claims.

   -- All membership interests in the Debtors existing as of the
Petition Date shall be extinguished on the Effective Date.

A copy of the Debtors' Disclosure Statement Sept. 18, 2015, is
available for free at:

       http://bankrupt.com/misc/Orlando_G_78_Debtors_DS.pdf

The Debtors' attorneys can be reached at:

         Kenneth D. (Chip) Herron, Jr., Esq.
         WOLFF, HILL, MCFARLIN & HERRON, P.A.
         1851 W. Colonial Dr.
         Orlando, FL 32804
         Telephone: (407) 648-0058
         Fax: (407) 648-0681
         E-mail: kherron@whmh.com

                    About Orlando Gateway

Nilhan Hospitality, LLC, owns approximately 15.75 acres of
commercial real estate located near the Orlando International
Airport on the West side of South Semoran Boulevard and North of
the State Road 528/The Beachline Expressway.  One parcel
(approximately 7.27 acres) has been partially developed as and has
two buildings located at 5463 Gateway Village Circle and 5475
Gateway Village Circle, which are approximately 15,000 square feet
in size.  

Orlando Gateway Partners, LLC, owns approximately 47.95 acres of
commercial real estate located near the Orlando International
Airport on the West side of South Semoran Boulevard and North of
the State Road 528/The Beachline Expressway.  The property is
comprised of four separate parcels, one parcel (approximately 17
acres) has been partially developed and a portion of it is leased
to Sixt Rent-A-Car, LLC. The second parcel (approximately .14
acres) is rented to Clear Channel Worldwide and contains a
billboard. The remaining two parcels (approximately 10.75 and 20.10
acres respectively) are vacant.

Nilhan Hospitality and Orlando Gateway and related entities have
been involved in extensive litigation with Good Gateway, LLC, SEG
Gateway, LLC and other parties since 2009.  In October 2014,
separate judgments were entered in favor of SEG and Good Gateway.

To prevent the assets from being sold at judicial foreclosure
sales, Nilhan Hospitality and Orlando Gateway Partners commenced
Chapter 11 bankruptcy cases (Bankr. M.D. Fla. Case No.15-03447 and
15-03448, respectively) in Orlando, Florida on April 20, 2015.

Chittranjan "Chuck" Thakkar owns 70% of the Nilhan's outstanding
membership interests, and indirectly owns and controls OGP.
Thakkar, as manager, signed the bankruptcy petitions.

Nilhan estimated $1 million to $10 million in assets and $10
million to $50 million in debt while Orlando Gateway estimated
at least $10 million in assets and debt.

The Debtors are represented by Kenneth D Herron, Jr., Esq.,
at Wolff, Hill, McFarlin & Herron, P.A.

                          *    *    *

The Debtors, with the consent of Good Gateway and SEG, have won
from the Bankruptcy Court an order lifting the automatic stay to
allow their appeals of the judgments to go forward.

On June 8, 2015, the U.S. Trustee filed a motion to dismiss or
convert to Chapter 7 the Debtors' bankruptcy cases.  On June 15,
2015, the Good Gateway and SEG file a motion to appoint a Chapter
11 trustee for the Debtors.  On June 16, 2015, the Debtors filed
their Application to Retain Larry S. Hyman, CPA, as Restructuring
Advisor and Chief Restructuring Officer.  Following mediation, the
parties agreed that (i) the Debtors would withdraw the Hyman
Application; (ii) the Trustee motions would be withdrawn, and the
(iii) the Debtors would file an application to employ Tery Soifer
as CRO.

On Aug. 12, 2015, the Court entered an order denying the motion to
dismiss the Chapter 11 cases.  The Court also entered an order
terminating the Debtors' exclusive periods to propose a Chapter 11
plan as of July 31, 2015.

Three competing plans have so far been filed in the Chapter 11
cases by: (1) the Debtors, (ii) Good Gateway and SEG, and (iii)
secured creditor SummitBridge National Investments IV LLC.


ORLANDO GATEWAY: SummitBridge Proposes Sale-Based Ch. 11 Plan
-------------------------------------------------------------
Secured creditor SummitBridge National Investments IV LLC has
proposed a reorganization plan for Nilhan Hospitality, LLC, and
Orlando Gateway Partners, LLC, intending to facilitate a prompt
sale of the Debtors' property and prompt distributions to holders
of claims.

Under SummitBridge's proposal, on the Effective Date, the plan
representative will engage a broker for purposes of marketing the
Debtors' Real Property on behalf of the Estates and sending the
Sale Procedures to (i) all known creditors and parties that have
entered appearances in the Bankruptcy Cases and (ii) any individual
or entity that has expressed interest in acquiring any Property of
the Estates including, without limitation, the Debtors' Real
Property.  The Debtors' assets will be sold at an Auction that will
be conducted on a date that is not more than 65 days after the
Effective Date.  At the Auction, no bid will be accepted unless it
provides a Cash payment at the Closing adequate to pay the Class 2
Claim of SummitBridge in full.  

SummitBridge will be entitled to credit bid its entire Class 2
Claim at the Auction. Nilhan Financial, Good Gateway and SEG may be
permitted to credit all or a portion of their Claims only if, at
least 30 days prior to the Auction Date, one or more of Nilhan
Financial, Good Gateway or SEG, as applicable, obtain entry of an
order from the Bankruptcy Court authorizing any such credit bid and
the extent that they may credit bid their Liens and Claims in
connection with the Auction and the Sale.  Notwithstanding anything
to the contrary, any such credit bid by Nilhan Financial, Good
Gateway or SEG, or any other bids in connection with the Sale
(except for a credit bid submitted by SummitBridge) will provide
for the full payment of the Class 2 Claim of SummitBridge in Cash
on the Closing Date of the Sale.

SummitBridge's Plan proposes to treat claims and interests as
follows:

   -- In full satisfaction of their Allowed Class 1 Claims, Good
Gateway and SEG will receive payment of its Allowed Class 1 Claim
from Net Proceeds of the Sale and all remaining Property of the
Estates after payment in full of all Class 2 Claims to the extent
that the Bankruptcy Court determines an entitlement to such funds,
if any, in connection with the Subordinate Lienholders Priority
Determination.

   -- In full satisfaction of the Allowed Secured Claim of
SummitBridge (Class 2) in the amount of $5,634,237, the Debtors'
Real Property and Property of the Estates (excluding Cash in the
Estates' accounts to the extent necessary to pay existing
Administrative Claims) will be transferred to SummitBridge in
exchange for a credit bid of its Allowed Claim, or if the Sale
results in a bid higher than the Allowed Secured Claim of
SummitBridge, then SummitBridge will be paid in Cash, on the
Closing Date, from the Proceeds of the Sale the full amount of its
Allowed Secured Claim.  SummitBridge will retain its Lien until
full payment of its Allowed Claims, but will be stayed from
enforcing its rights and remedies on account or its Allowed Secured
Claim available under applicable state law until the Auction Date.

   -- The allowed secured claim of the Orange County Tax Collector
for ad valorem taxes in 2014 (Class 3 and Class 5) will be paid in
full from the proceeds of the sale.

   -- The Allowed Secured Claim of the Orange County Tax Collector
for ad valorem property taxes owed by Nilhan and OGP for the 2015
tax year (Class 4 and Class 6) will be paid by the Purchaser in the
ordinary course of business when such taxes are assessed in 2016.


   -- Nilhan Financial's secured claim (Class 7), to the extent
allowed as a secured claim from Net Proceeds of the Sale and all
remaining Property of the Estates after payment in full of the
Class 2 Claims to the extent that the Bankruptcy Court determines
entitlement to such funds, if any, in connection with the
Subordinate Lienholders Priority Determination.

  -- Holders of allowed unsecured administrative convenience claims
(Class 8), consisting of allowed unsecured claims that is allowed
in the amount of less than $100,000 or claims elected to be reduced
to $100,000, will receive a distribution of 50% of the Convenience
Claim Amount to be paid by SummitBridge within 75 of the Effective
Date.

   -- Allowed unsecured claims (Class 9) , which include any
deficiency unsecured claims of Nilhan Financial, Good Gateway and
SEG, will receive pro rata distribution of the Net Proceeds of the
Sale and all remaining Property of the Estates after payment in
full of all Class 2 Claims, and Class 1 and 7 Claims.

  -- All membership interests (Class 10) will be extinguished and
the holder of the interests will only receive the remaining net
proceeds after all allowed claims are paid in full.

A copy of the SUmmitBridge's Disclosure Statement filed Sept. 18,
2015, is available for free at:

    http://bankrupt.com/misc/Orlando_G_79_SummitB_DS.pdf

SummitBridge is represented by:

         Richard A. Robinson, Esq.
         REED SMITH LLP
         1201 North Market Street, Suite 1500
         Wilmington, DE 19801
         Tel: (302) 778-7555
         Fax: (302) 778-7575
         E-mail: rrobinson@reedsmith.com

                    About Orlando Gateway

Nilhan Hospitality, LLC, owns approximately 15.75 acres of
commercial real estate located near the Orlando International
Airport on the West side of South Semoran Boulevard and North of
the State Road 528/The Beachline Expressway.  One parcel
(approximately 7.27 acres) has been partially developed as and has
two buildings located at 5463 Gateway Village Circle and 5475
Gateway Village Circle, which are approximately 15,000 square feet
in size.  

Orlando Gateway Partners, LLC, owns approximately 47.95 acres of
commercial real estate located near the Orlando International
Airport on the West side of South Semoran Boulevard and North of
the State Road 528/The Beachline Expressway.  The property is
comprised of four separate parcels, one parcel (approximately 17
acres) has been partially developed and a portion of it is leased
to Sixt Rent-A-Car, LLC. The second parcel (approximately .14
acres) is rented to Clear Channel Worldwide and contains a
billboard. The remaining two parcels (approximately 10.75 and 20.10
acres respectively) are vacant.

Nilhan Hospitality and Orlando Gateway and related entities have
been involved in extensive litigation with Good Gateway, LLC, SEG
Gateway, LLC and other parties since 2009.  In October 2014,
separate judgments were entered in favor of SEG and Good Gateway.

To prevent the assets from being sold at judicial foreclosure
sales, Nilhan Hospitality and Orlando Gateway Partners commenced
Chapter 11 bankruptcy cases (Bankr. M.D. Fla. Case No.15-03447 and
15-03448, respectively) in Orlando, Florida on April 20, 2015.

Chittranjan "Chuck" Thakkar owns 70% of the Nilhan's outstanding
membership interests, and indirectly owns and controls OGP.
Thakkar, as manager, signed the bankruptcy petitions.

Nilhan estimated $1 million to $10 million in assets and $10
million to $50 million in debt while Orlando Gateway estimated
at least $10 million in assets and debt.

The Debtors are represented by Kenneth D Herron, Jr., Esq.,
at Wolff, Hill, McFarlin & Herron, P.A.

                          *    *    *

The Debtors, with the consent of Good Gateway and SEG, have won
from the Bankruptcy Court an order lifting the automatic stay to
allow their appeals of the judgments to go forward.

On June 8, 2015, the U.S. Trustee filed a motion to dismiss or
convert to Chapter 7 the Debtors' bankruptcy cases.  On June 15,
2015, the Good Gateway and SEG file a motion to appoint a Chapter
11 trustee for the Debtors.  On June 16, 2015, the Debtors filed
their Application to Retain Larry S. Hyman, CPA, as Restructuring
Advisor and Chief Restructuring Officer.  Following mediation, the
parties agreed that (i) the Debtors would withdraw the Hyman
Application; (ii) the Trustee motions would be withdrawn, and the
(iii) the Debtors would file an application to employ Tery Soifer
as CRO.

On Aug. 12, 2015, the Court entered an order denying the motion to
dismiss the Chapter 11 cases.  The Court also entered an order
terminating the Debtors' exclusive periods to propose a Chapter 11
plan as of July 31, 2015.

Three competing plans have so far been filed in the Chapter 11
cases by: (1) the Debtors, (ii) Good Gateway and SEG, and (iii)
secured creditor SummitBridge National Investments IV LLC.


PARKER DRILLING: S&P Affirms 'B+' CCR & Revises Outlook to Neg.
---------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B+'
corporate credit rating on Houston-based Parker Drilling Co. and
revised the outlook to negative from stable.

At the same time, S&P affirmed the 'B+' issue-level rating on
Parker's senior unsecured debt and the recovery rating remains '3',
indicating S&P's expectation of a meaningful (50% to 70%; lower
half of the range) recovery if a payment default occurs.

Capital spending in the oil and natural gas exploration and
production (E&P) industry has sharply deteriorated in 2015 in
response to low oil and natural gas prices.  S&P also expects E&P
capital spending to be down in 2016.

"Consequently, we have reduced our revenue and EBITDA margin
assumptions on Parker, and expect leverage to increase from our
previous forecast," said Standard & Poor's credit analyst David
Lagasse.

S&P's assessment of Parker's "weak" business risk profile reflects
S&P's view of the highly competitive and cyclical industry in which
it operates; its international operations, located in what we
consider politically unstable countries; and its good product and
geographic diversity, including the ability to operate in harsh
geographic areas.  The business profile also takes into account the
company's small operational scale compared with higher-rated
peers.

S&P views Parker's financial risk profile as "aggressive."  As of
June 30, 2015, Parker had about $645 million in adjusted debt,
including operating leases.  Debt to EBITDA for the 12 months ended
June 30, 2015, was 2.6x, above historical levels.  S&P expects
declining EBITDA from all segments to result in increased leverage
measures in 2015 and 2016.  S&P expects debt leverage to increase
above 4x in 2015 and 2016, but remain below 5x in both years.  S&P
expects FFO to debt to fall to 12% to 15% in 2015 and 11% to 13% in
2016.  S&P believes that Parker can fund its capital spending in
both 2015 and 2016 with internal cash flow.  S&P expects that the
company's debt levels will remain materially unchanged over the
next 12 to 24 months, thus an improvement in its credit measures
would come from EBITDA growth.

The negative outlook reflects S&P's view that Parker's earnings and
cash flow will remain weak in 2016.  This will result in
deteriorating credit measures, with debt to EBITDA higher than
historical measures and FFO to debt lower than historical measures.
S&P also expects the company to maintain its view of "adequate"
liquidity over the next 12 months.



PATRIOT COAL: Fifth Third Joins Barclays Bid for Ch. 7 Conversion
-----------------------------------------------------------------
Fifth Third Bank said in court documents filed with the U.S.
Bankruptcy Court for the Eastern District of Virginia that it was
joining with Barclays PLC Bank in seeking for the conversion of
Patriot Corp.'s Chapter 11 case to one under Chapter 7.

Jim Christie at Reuters reports that the Company's plan to exit
Chapter 11 bankruptcy met objections from creditors.  Fifth Third,
the report says, supported the effort to liquidate the Company
under Chapter 7 if it fails to win confirmation for its plan next
week.  Clayton Browne at ValueWalk relates that a hearing on the
Company's Chapter 11 plan -- which includes transactions that would
see the Company's West Virginia mines purchased and operated by
new, more solvent, owners -- is scheduled for Oct. 5, 2015.

According to court documents, the Company's biggest lenders --
Deutsche Bank AG included -- claimed that the Company was running
out of cash and doesn't even have the financing to undertake its
planned creditor-repayment agreement.  The lenders, ValueWalk
reports, are telling the Court that they believe that the Company's
plan to transfer some of its operations to new owners will fail
given the objections of so many parties involved in the firm's
bankruptcy proceedings.

ValueWalk says that the lenders have seen their supposed recoveries
decrease in the successive versions of the Chapter 11 plan that the
Company is trying to finalize.  

                      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.

                        *     *     *

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.


PENSACOLA CANDY: Case Summary & 9 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Pensacola Candy Company
        PO Box 12524
        Pensacola, FL 32591

Case No.: 15-31004

Chapter 11 Petition Date: September 29, 2015

Court: United States Bankruptcy Court
       Northern District of Florida (Pensacola)

Debtor's Counsel: Steven L. Beiley, Esq.
                  AARONSON SCHANTZ BEILEY P.A.
                  Miami Tower, 100 SE 2nd Street
                  27th Floor, Miami, FL 33131
                  Tel: 305-200-5322
                  Fax: 866-850-5322
                  Email: sbeiley@aspalaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by James C. Moulton, president.

A list of the Debtor's nine largest unsecured creditors is
available for free at http://bankrupt.com/misc/flnb15-31004.pdf


PLANDAI BIOTECHNOLOGY: Delays 2015 Form 10-K Filing
---------------------------------------------------
Plandai Biotechnology, Inc., notified the Securities and Exchange
Commission that it has experienced a delay in completing the
necessary disclosures and finalizing its financial statements with
its independent public accountant in connection with its annual
report on Form 10-K for the year ended June 30, 2015.  As a result
of this delay, the Company was unable to file its Annual Report by
the prescribed filing date without unreasonable effort or expense.

                           About Plandai

Based in Goodyear, Arizona, Plandai Biotechnology, Inc., through
its recent acquisition of Global Energy Solutions, Ltd., and its
subsidiaries, focuses on the farming of whole fruits, vegetables
and live plant material and the production of proprietary
functional foods and botanical extracts for the health and
wellness industry.  Its principle holdings consist of land, farms
and infrastructure in South Africa.

Plandai Biotechnology reported a net loss of $15.5 million on
$266,000 of revenues for the year ended June 30, 2014, compared to
a net loss of $2.96 million on $359,000 of revenues for the year
ended June 30, 2013.

As of March 31, 2015, the Company had $9.86 million in total
assets, $15.7 million in total liabilities, $4.28 million
stockholders' deficit and $1.52 million in non-controlling
interest.

Terry L. Johnson, CPA, in Casselberry, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2014.

"The Company has incurred a deficit of approximately $26 million
and has used approximately $44 million of cash due to its
operating activities in the two years ended June 30, 2014.  The
Company may not have adequate readily available resources to fund
operations through June 30, 2015.  This raises substantial doubt
about the Company's ability to continue as a going concern," the
auditors noted.


PRECISION OPTICS: Needs More Time to File Fiscal 2015 Form 10-K
---------------------------------------------------------------
Precision Optics Corporation, Inc. filed with the U.S. Securities
and Exchange
Commission a Notification of Late Filing on Form
12b-25 with
respect to its annual report on Form 10-K for the year ended June
30, 2015.  The Company said it requires additional time to complete
the auditor's review of its financial statements.

                       About Precision Optics

Headquartered in Gardner, Massachusetts, Precision Optics
Corporation, Inc., has been a developer and manufacturer of
advanced optical instruments since 1982.  The Company designs and
produces high-quality micro-optics, medical instruments and other
advanced optical systems.  The Company's medical instrumentation
line includes laparoscopes, arthroscopes and endocouplers and a
world-class product line of 3-D endoscopes for use in minimally
invasive surgical procedures.

Precision Optics reported a net loss of $1.16 million on $3.65
million of revenues for the year ended June 30, 2014, compared to
a net loss of $1.78 million on $2.51 million of revenues for the
year ended June 30, 2013.  Precision Optics reported a net loss of
$380,000 for the quarter ended March 31, 2014.

As of March 31, 2015, the Company had $2.22 million in total
assets, $1.31 million in total liabilities, all current, and
$914,000 in total stockholders' equity.


QUICKSILVER RESOURCES: Court Asked to Extend 'Challenge' Period
---------------------------------------------------------------
Quicksilver Resources Inc.'s official committee of unsecured
creditors has filed a motion to extend the deadline to challenge
the liens asserted by second lien lenders on the company's assets.

In its motion, the committee asked Judge Laurie Silverstein of the
U.S. Bankruptcy Court in Delaware to move the deadline to Nov. 3,
2015.

The move came after the lenders withdrew from talks to resolve its
dispute with the committee, according to the filing.

On May 1, Quicksilver Resources received final approval from the
bankruptcy judge to use the cash collateral of its pre-bankruptcy
lenders to fund its operations.  The court order allowed the
unsecured creditors' committee to challenge claims of the lenders.

                        About Quicksilver

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The Company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.

Quicksilver Resources Inc. and certain of its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 15-10585) on March 17, 2015.
Quicksilver's Canadian subsidiaries were not included in the
chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld
LLP in the U.S. and Bennett Jones in Canada.  Richards Layton &
Finger, P.A., is legal co-counsel in the Chapter 11 cases.
Houlihan Lokey Capital, Inc. is serving as financial advisor.
Garden City Group Inc. is the claims and noticing agent.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and total
stockholders' deficit of $1.14 billion.

The U.S. Trustee for Region 3 appointed five creditors of
Quicksilver Resources Inc. to serve on the official committee of
unsecured creditors.  The Committee is represented by Landis Rath
& Cobb LLP's Richard S. Cobb, Esq., Matthew B. McGuire, Esq., and
Joseph D. Wright, Esq.; and Paul Weiss Rifkind Wharton & Garrison
LLP's Andrew N. Rosenberg, Esq., Elizabeth R. McColm, Esq., and
Adam M. Denhoff, Esq.

                           *     *     *

The Debtors have been given exclusive right to file a bankruptcy
plan through Oct. 13, 2015.


QUICKSILVER RESOURCES: Deloitte's John Little to Get $650 Per Hour
------------------------------------------------------------------
Quicksilver Resources Inc. and its affiliated debtors sought and
obtained from Judge Laurie S. Silverstein of the U.S. Bankruptcy
Court for the District of Delaware authorization and approval of
the amendment to their engagement with Deloitte Transactions and
Business Analytics LLP ("DTBA") with regard to the terms of payment
for Mr. John Little to serve as the Debtors' Strategic Alternatives
Officer ("SAO").

The Debtors relate that consistent with the terms of the Debtors'
agreement with DTBA, DTBA has been compensated $20,000 per week for
Mr. Little's services and that Mr. Little has devoted substantially
all of his working time to the performance of his services as SAO.
They further relate that four months into the chapter 11 cases, the
demands for Mr. Little's time in connection with his services to
the Debtors have decreased substantially.  The Debtors contend that
in an effort to potentially save the Debtors' estates substantial
amounts related to professional fees otherwise payable to DTBA, the
Debtors and DTBA have agreed to amend the Engagement Letter to move
away from a flat fee structure to an hourly rate structure for Mr.
Little's services.

The Debtors tell the Court that DTBA will be compensated for
Mr. Little's services at the hourly rate of $650 and that for the
period between July 15, 2015 and the date of the Debtors' emergence
from bankruptcy, payment for Mr. Little's services will not exceed
an average of $20,000 per week.  The Debtors further tell the Court
that Mr. Little will be permitted to accept new engagements for
other clients rather than being required to devote substantially
all of his working time to the Debtors, as long as his new
engagements will not interfere with his obligations to the
Debtors.

                    About Quicksilver Resources

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The Company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.

Quicksilver Resources Inc. and certain of its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 15-10585) on March 17, 2015.
Quicksilver's Canadian subsidiaries were not included in the
chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld
LLP in the U.S. and Bennett Jones in Canada.  Richards Layton &
Finger, P.A., is legal co-counsel in the Chapter 11 cases.
Houlihan Lokey Capital, Inc. is serving as financial advisor.
Garden City Group Inc. is the claims and noticing agent.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and total
stockholders' deficit of $1.14 billion.

The U.S. Trustee for Region 3 appointed five creditors of
Quicksilver Resources Inc. to serve on the official committee of
unsecured creditors.  The Committee is represented by Landis Rath &
Cobb LLP's Richard S. Cobb, Esq., Matthew B. McGuire, Esq., and
Joseph D. Wright, Esq.; and Paul Weiss Rifkind Wharton & Garrison
LLP's Andrew N. Rosenberg, Esq., Elizabeth R. McColm, Esq., and
Adam M. Denhoff, Esq.



QUICKSILVER RESOURCES: Meets with 2nd Lien Lenders and Noteholders
------------------------------------------------------------------
Quicksilver Resources Inc. filed with the Securities and Exchange
Commission a Form 8-K report disclosing that between Sept. 11, and
21, 2015, pursuant to a confidentiality agreement, certain members
the Company management engaged in discussions with certain of the
Company's second lien lenders and noteholders and their respective
advisors and representatives.

During the discussions, the Company disclosed certain prospective
financial information, projections, operational data and other
information to Second Lien Lenders.  The unaudited financial
information, projections, operational data and other information,
are available for free at:

                       http://is.gd/Ri43n2

                        About Quicksilver

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The Company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.

Quicksilver Resources Inc. and certain of its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 15-10585) on March 17, 2015.
Quicksilver's Canadian subsidiaries were not included in the
chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld
LLP in the U.S. and Bennett Jones in Canada.  Richards Layton &
Finger, P.A., is legal co-counsel in the Chapter 11 cases.
Houlihan Lokey Capital, Inc. is serving as financial advisor.
Garden City Group Inc. is the claims and noticing agent.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and total
stockholders' deficit of $1.14 billion.

The U.S. Trustee for Region 3 appointed five creditors of
Quicksilver Resources Inc. to serve on the official committee of
unsecured creditors.  The Committee is represented by Landis Rath
& Cobb LLP's Richard S. Cobb, Esq., Matthew B. McGuire, Esq., and
Joseph D. Wright, Esq.; and Paul Weiss Rifkind Wharton & Garrison
LLP's Andrew N. Rosenberg, Esq., Elizabeth R. McColm, Esq., and
Adam M. Denhoff, Esq.

                           *     *     *

The Debtors have been given exclusive right to file a bankruptcy
plan through Oct. 13, 2015.


QUICKSILVER RESOURCES: Norton Rose Files Rule 2019 Statement
------------------------------------------------------------
Norton Rose Fulbright US LLP disclosed that it represents the
independent members of the Board of Directors of Quicksilver
Resources Inc., and each member of the board in his individual
capacity.

Each member of the Board of Directors holds unliquidated claims
against the company and its affiliated debtors, the firm said in a
court filing.

Norton Rose made the disclosure pursuant to Rule 2019 of the
Federal Rules of Bankruptcy Procedure.

                        About Quicksilver

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The Company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.

Quicksilver Resources Inc. and certain of its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 15-10585) on March 17, 2015.
Quicksilver's Canadian subsidiaries were not included in the
chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld
LLP in the U.S. and Bennett Jones in Canada.  Richards Layton &
Finger, P.A., is legal co-counsel in the Chapter 11 cases.
Houlihan Lokey Capital, Inc. is serving as financial advisor.
Garden City Group Inc. is the claims and noticing agent.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and total
stockholders' deficit of $1.14 billion.

The U.S. Trustee for Region 3 appointed five creditors of
Quicksilver Resources Inc. to serve on the official committee of
unsecured creditors.  The Committee is represented by Landis Rath
& Cobb LLP's Richard S. Cobb, Esq., Matthew B. McGuire, Esq., and
Joseph D. Wright, Esq.; and Paul Weiss Rifkind Wharton & Garrison
LLP's Andrew N. Rosenberg, Esq., Elizabeth R. McColm, Esq., and
Adam M. Denhoff, Esq.

                           *     *     *

The Debtors have been given exclusive right to file a bankruptcy
plan through Oct. 13, 2015.


QUICKSILVER RESOURCES: Reports $172-Mil. Net Loss in Q2
-------------------------------------------------------
Quicksilver Resources Inc. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing a
net loss of $172 million on $63.4 million of total revenue for the
three months ended June 30, 2015, compared with a net loss of $36.1
million on $118 million of total revenue for the same period in
2014.

The Company's balance sheet at June 30, 2015, showed $887 million
in total assets, $2.33 billion in total liabilities, and a
stockholders' deficit of $1.44 billion.

As a result of sustained losses and our Chapter 11 proceedings, the
realization of assets and satisfaction of liabilities, without
substantial adjustments and/or changes in ownership, are subject to
uncertainty.  Given the uncertainty surrounding our Chapter 11
proceedings, there is substantial doubt about our ability to
continue as a going concern.

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

                       http://is.gd/ts7vSS
                          
                        About Quicksilver

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The Company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.

Quicksilver Resources Inc. and certain of its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 15-10585) on March 17, 2015.
Quicksilver's Canadian subsidiaries were not included in the
chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld
LLP in the U.S. and Bennett Jones in Canada.  Richards Layton &
Finger, P.A., is legal co-counsel in the Chapter 11 cases.
Houlihan
Lokey Capital, Inc. is serving as financial advisor.  Garden City
Group Inc. is the claims and noticing agent.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and total
stockholders' deficit of $1.14 billion.

The U.S. Trustee for Region 3 appointed five creditors of
Quicksilver Resources Inc. to serve on the official committee of
unsecured creditors.  The Committee is represented by Landis Rath
& Cobb LLP's Richard S. Cobb, Esq., Matthew B. McGuire, Esq., and
Joseph D. Wright, Esq.; and Paul Weiss Rifkind Wharton & Garrison
LLP's Andrew N. Rosenberg, Esq., Elizabeth R. McColm, Esq., and
Adam M. Denhoff, Esq.

                           *     *     *

The Debtors have been given exclusive right to file a bankruptcy
plan through Oct. 13, 2015.


QUICKSILVER RESOURCES: Starts Sale Process Without Stalking Horse
-----------------------------------------------------------------
Quicksilver Resources Inc. and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware to approve bidding
procedures, as well as the sale of substantially all or a portion
of their assets, which consist of certain oil and gas leases and
associated assets.

The Debtors seek to launch a sale process that (i) is open to all
potential bidders, including third parties and current holders in
the Debtors' capital structure; (ii) protects the best interests of
the Debtors' estates and creditors; and (iii) preserves the
Debtors' right to exercise their fiduciary duties should a
value-maximizing alternative materialize, including a plan of
reorganization.

The Debtors conducting a fair and robust auction at this time is
the most viable alternative to maximize the distributable value of
their assets and elicit valuable market feedback for their
stakeholders. They add that secured creditors are supportive of the
sale process.

The Debtors believe that pursuing a sale transaction at this time
without a STALKING HORSE BIDDER is the course of action most likely
to maximize value and encourage robust bidder participation.  The
Debtors contend that this approach facilitates the expedited launch
of the sale process without the delay attendant to first
negotiating a stalking horse agreement, provides flexibility for
the sale of all or a portion of the Assets, delivers market
feedback that may incentivize certain creditor constituencies to
work toward a consensual resolution of these chapter 11 cases, and
advances negotiations regarding the same.

The Debtors propose the following timeline for the sale process:

     (a) Bid Deadline: Nov. 30, 2015 at 5:00 p.m.

     (b) Sale Objection Deadline: Dec. 2, 2015 at 4:00 p.m.

     (c) Auction: Dec. 9, 2015 at 10:00 a.m.

     (d) Reply Deadline: Dec. 11, 2015 at 12:00 p.m.

     (e) Sale Hearing: Dec. 14, 2015 at 10:00 a.m.

The Debtors relate that they are continuing their discussions with
potential purchasers and, in accordance with the Bidding
Procedures, may enter into a purchase agreement with any stalking
horse bidder acceptable to the Debtors at any time before Dec. 1,
2015, to establish a minimum qualified bid at, and subject to
higher or otherwise better offers during, the auction.

To facilitate a competitive, value-maximizing sale transaction, the
Debtors are requesting authority, in the exercise of their business
judgment, to offer any stalking horse bidder: (i) a break-up fee;
(ii) reimbursement of reasonable fees and expenses; and/or (iii)
initial overbid protection.

In lieu of a Stalking Horse Agreement at this time, the Debtors
have prepared a form of Purchase Agreement.  A copy of the document
is available for free at

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

The Debtors' attorneys can be reached at:

          Paul N. Heath, Esq.
          Amanda R. Steele, Esq.
          Rachel L. Biblo, Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          One Rodney Square
          920 North King Street
          Wilmington, DE 19801
          Telephone: (302)651-7700
          Facsimile: (302)651-7701
          E-mail: heath@rlf.com
                 steele@rlf.com
                 biblo@rlf.com

               - and -

          Charles R. Gibbs, Esq.
          Sarah Link Schultz, Esq.
          AKIN GUMP STRAUSS HAUER & FELD LLP
          1700 Pacific Avenue, Suite 4100
          Dallas, TX 75201
          Telephone: (214)969-2800
          Facsimile: (214)969-4343
          E-mail: cgibbs@akingump.com
                 sschultz@akingump.com

                  - and -

          Ashleigh L. Blaylock, Esq.
          AKIN GUMP STRAUSS HAUER & FELD LLP
          Robert S. Strauss Building
          1333 New Hampshire Avenue, N.W.
          Washington, DC 20036-1564
          Telephone: (202)887-4000
          Facsimile: (202)887-4288
          E-mail: blaylocka@akingump.com

                   About Quicksilver Resources

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The Company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.

Quicksilver Resources Inc. and certain of its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 15-10585) on March 17, 2015.
Quicksilver's Canadian subsidiaries were not included in the
chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld
LLP
in the U.S. and Bennett Jones in Canada.  Richards Layton &
Finger,
P.A., is legal co-counsel in the Chapter 11 cases.  Houlihan Lokey
Capital, Inc. is serving as financial advisor.  Garden City Group
Inc. is the claims and noticing agent.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and total
stockholders' deficit of $1.14 billion.

The U.S. Trustee for Region 3 appointed five creditors of
Quicksilver Resources Inc. to serve on the official committee of
unsecured creditors.  The Committee is represented by Landis Rath
&
Cobb LLP's Richard S. Cobb, Esq., Matthew B. McGuire, Esq., and
Joseph D. Wright, Esq.; and Paul Weiss Rifkind Wharton & Garrison
LLP's Andrew N. Rosenberg, Esq., Elizabeth R. McColm, Esq., and
Adam M. Denhoff, Esq.



QUINCY NEWSPAPERS: Moody's Assigns B2 CFR, Outlook Stable
---------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating and
a B2-PD Probability of Default Rating to Quincy Newspapers, Inc.
Moody's also assigned Ba2 to the company's proposed $30 million
priority revolver and B2 to its $250 million sr secured 1st lien
term loan.  Proceeds from the new term loan plus escrowed cash will
be used to fund the $174 million acquisition of Granite assets, the
refinancing of existing credit facilities (roughly $78 million
outstanding), and related expenses.  The acquisition is subject to
regulatory approvals, and the rating outlook is stable.

Assignments:

Issuer: Quincy Newspapers, Inc.

  Corporate Family Rating: Assigned B2
  Probability of Default Rating: Assigned B2-PD
  Speculative Grade Liquidity: Assigned SGL-2
  New $30 million 1st lien sr secured priority revolver: Assigned
   Ba2, LGD1
  New $250 million 1st lien sr secured term loan: Assigned B2,
   LGD4

Outlook Actions:

Issuer: Quincy Newspapers, Inc.
  Outlook is Stable

RATINGS RATIONALE

The B2 corporate family rating reflects Quincy's moderately high
leverage of 4.1x as of June 30, 2015, (debt-to-2 yr avg EBITDA,
including Moody's standard adjustments) pro forma for the
acquisition of Granite stations, the company's lack of national
scale, and revenue concentration from Midwest stations.  Moderately
high leverage poses challenges for managing a business that lacks
national scale and is vulnerable to advertising spending cycles
with heightened competition for advertising dollars due to media
fragmentation.  Ratings are also constrained by event risk
including the potential for future debt financed acquisitions or
shareholder dividends.  Quincy is solidly positioned in the B2
rating supported by an expanded station portfolio including #1 or
#2 ranked positions in 12 of 14 markets and management's track
record for reducing leverage after a debt financed acquisition.
The transaction favorably increases Quincy's scale across smaller,
less competitive markets and adds key political battlegrounds.
Absent near term acquisitions, we expect leverage to improve over
the next 18 month reflecting strong demand for political
advertising and as the majority of free cash flow is applied to
repay term loan advances.  Ratings reflect increasing fragmentation
of media outlets, the cyclical and mature nature of television
advertising demand, and some exposure to unexpected cash flow
losses from the company's newspaper operations (7% of net revenue).
Moody's believes Quincy's lack of national scale with less than
$250 million of annual net revenue magnifies both financial and
cyclical risk as well as exposure to a disproportionate impact from
the loss of a large advertiser or a region specific downturn,
particularly in the midwest which accounts for most of the
company's revenue and cash flow.  Moody's notes that the company
completed significant television acquisitions in the past
mitigating risks related to the assimilation of Granite stations
which will increase revenue by roughly 50%.  Event risk includes
the potential for Quincy to increase debt balances to fund
additional acquisitions, as we believe the pace of acquisitions in
the television broadcast industry will remain elevated due to the
industry's desire to enhance scale, attractive debt markets, and an
increase in the number of willing sellers.  The B2 rating is also
supported by the company's track record of good operating
performance with EBITDA margins of 30% or better (including Moody's
standard adjustments, roughly 32% excluding lower margin newspaper
operations).  Moody's expects Quincy to generate minimum 2-year
average free cash flow-to-debt of 8% of debt balances, with
declining interest expense as debt balances are paid down.  Moody's
expects revenue and EBITDA to track overall television industry
growth for core advertising (low single digit percentage range)
over the next 12 months, allowing for debt reduction and
improvement in credit metrics in the absence of debt funded
acquisitions.  Liquidity is good with ample availability under the
$30 million revolver facility and no significant debt maturities
until the revolver expires in 2020.

The stable outlook reflects Moody's expectation that Quincy will
maintain debt-to-2-year avg EBITDA below 5.0x (including Moody's
standard adjustments) and generate 2-year avg free cash
flow-to-debt of more than 8%.  The outlook also assumes application
of a portion of free cash flow to debt repayment, along with EBITDA
growth from local broadcast advertising, will enable the company to
improve credit metrics.  The outlook incorporates our expectation
that newspaper operations generate at least break even cash flow
and that special dividends are funded largely from excess cash,
typically in even numbered election years.  Ratings could be
downgraded if debt-to-2-year avg EBITDA is sustained above 5.50x
(including Moody's standard adjustments) or if 2-year avg free cash
flow-to-debt falls below 5% due to debt financed acquisitions or
deterioration in operating performance in one or more key markets.
Ratings could also be downgraded if we expect newspaper operations
will no longer generate positive EBITDA, liquidity were to become
strained, or the company is no longer able to comply with financial
maintenance covenants.  Quincy's moderately high leverage, lack of
national scale, and event risk limit upward ratings momentum;
however, we could consider a rating upgrade if strength in
operating performance leads to improved credit metrics including
debt-to-2 yr avg EBITDA being sustained comfortably below 4.0x
(including Moody's standard adjustments) taking into account the
potential for additional acquisitions. Management would need to
demonstrate a commitment to financial policies consistent with the
higher rating including good liquidity with 2-year avg free cash
flow-to-debt in the high single digit percentage range or better.

Established in 1926, Quincy Newspapers, Inc. is a family-owned
community-focused media company.  Pro forma for the pending
acquisition, Quincy will own or have joint sales agreements and
shared services agreements with 21 Big 4 network affiliates (9 NBC
affiliates, 7 ABC, 3 FOX, and 2 CBS) and 28 digital multicast or
non-major affiliated stations.  The company's stations are ranked
#1 or #2 in 12 of its 14 markets, and, despite the company's legacy
name, television stations account for more than 97% of segment cash
flow and are located in 14 small and mid-sized US markets in DMAs
ranked between #82 and #170.  Other assets include interactive
media platforms, two newspapers, and two radio stations.
Headquartered in Quincy, IL, net revenue for the 12 months ended
June 30, 2015 totaled $188 million pro forma for the acquisition.



RABBE FARMS: Case Summary & 18 Largest Unsecured Creditors
----------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                    Case No.
       ------                                    --------
       Rabbe Farms LLP                           15-33479
         dba Rabbe Grain Co.
         dba Rabbe Grain Elevator
       501 Main Street
       Ormsby, MN 56162

       Rabbe Ag Enterprises                      15-33481
       General Partnership
       PO Box 548
       2247 90th Avenue
       Ormsby, MN 56162

       North Country Seed, LLC                   15-33482
       501 Main Street
       PO BOX 548
       Ormsby, MN 56162

Chapter 11 Petition Date: September 29, 2015

Court: United States Bankruptcy Court
       District of Minnesota (St Paul)

Judge: Hon. Kathleen H Sanberg

Debtors' Counsel: Ralph Mitchell, Esq.
                  LAPP LIBRA THOMSON STOEBNER & PUSCH
                  120 S 6th St, Ste 2500
                  Minneapolis, Mn 55402
                  Tel: 612-338-5815
                  Email: rmitchell@lapplibra.com

                                          Estimated   Estimated
                                           Assets    Liabilities
                                         ----------  -----------
Rabbe Farms LLP                          $1MM-$10MM  $10MM-$50MM
Rabbe Ag Enterprises                     $0-$50K     $500K-$1MM
North Country Seed                       $0-$50K     $1MM-$10MM

The petitions were signed by Joel Rabbe, general partner.

A list of Rabbe Farms LLP's 18 largest unsecured creditors is
available for free at http://bankrupt.com/misc/mnb15-33479.pdf

A list of Rabbe Ag Enterprises' 16 largest unsecured creditors is
available for free at http://bankrupt.com/misc/mnb15-33481.pdf

A list of North Country Seed's 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/mnb15-33482.pdf


RIVERNORTH FIVE: Case Summary & 17 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Rivernorth, Five L.L.C.
        2293 N. Clybourn Ave.
        Chicago, IL 60614

Case No.: 15-33178

Chapter 11 Petition Date: September 29, 2015

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

Judge: Hon. Jacqueline P. Cox

Debtor's Counsel: Peter J Roberts, Esq.
                  SHAW FISHMAN GLANTZ & TOWBIN LLC
                  321 North Clark St, Suite 800
                  Chicago, IL 60654
                  Tel: 312-276-1322
                  Fax: 312-980-3888
                  Email: proberts@shawfishman.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ranjit Handa, manager.

A list of the Debtor's 17 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ilnb15-33178.pdf


RIVERWEST SEVEN: Case Summary & 17 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Riverwest, Seven L.L.C.
        2293 N. Clybourn Ave.
        Chicago, IL 60614

Case No.: 15-33187

Chapter 11 Petition Date: September 29, 2015

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

Judge: Hon. Donald R Cassling

Debtor's Counsel: Peter J Roberts, Esq.
                  SHAW FISHMAN GLANTZ & TOWBIN LLC
                  321 North Clark St, Suite 800
                  Chicago, IL 60654
                  Tel: 312-276-1322
                  Fax: 312-980-3888
                  Email: proberts@shawfishman.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ranjit Handa, manager.

A list of the Debtor's 17 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ilnb15-33187.pdf


ROSETTA GENOMICS: Delays June 30 Report Over Accounting Issues
--------------------------------------------------------------
Due to complications associated with the accounting treatment
regarding its acquisition of CynoGen, Inc. (d/b/a PersonalizeDx) in
April 2015, Rosetta Genomics Ltd. announced that there will be a
delay in filing its financial statements for the six months ended
June 30, 2015.  The Company said it is working with its auditors to
facilitate the completion and submission of the financial
statements as soon as possible after Sept. 30, 2015.

                           About Rosetta

Based in Rehovot, Israel, Rosetta Genomics Ltd. is seeking to
develop and commercialize new diagnostic tests based on a recently
discovered group of genes known as microRNAs.  MicroRNAs are
naturally expressed, or produced, using instructions encoded in
DNA and are believed to play an important role in normal function
and in various pathologies.  The Company has established a CLIA-
certified laboratory in Philadelphia, which enables the Company to
develop, validate and commercialize its own diagnostic tests
applying its microRNA technology.

Rosetta Genomics reported a loss from continuing operations of
$14.5 million on $1.32 million for the year ended Dec. 31, 2014, a
loss from continuing operations of $13.2 million in 2013 and a loss
from continuing operations of $10.69 million in 2012.

As of Dec. 31, 2014, the Company had $17.3 million in total assets,
$2.21 million in total liabilities and $15.06 million in total
shareholders' equity.

                        Bankruptcy Warning

"We will likely require substantial additional funding and expect
to augment our cash balance through financing transactions,
including the issuance of debt or equity securities and further
strategic collaborations.  On December 7, 2012, we filed a shelf
registration statement on Form F-3 with the SEC for the issuance of
ordinary shares, various series of debt securities and/or warrants
to purchase any of such securities, either individually or in
units, with a total value of up to $75 million, from time to time
at prices and on terms to be determined at the time of such
offerings.  The filing was declared effective on December 19, 2012.
As of the time of the filing of this Annual Report on Form 20-F,
we had sold through the Cantor Sales Agreement an aggregate of
4,736,854 of our ordinary shares for gross proceeds of $19.9
million under this shelf registration statement, leaving an
aggregate of approximately $55.1 million of securities available
for sale under this Form F-3, subject to limitations imposed by the
SEC for companies with a public float of less than $75 million.  If
we need additional funding, there can be no assurance that we will
be able to obtain adequate levels of additional funding on
favorable terms, if at all.  If adequate funds are needed and not
available, we may be required to:

   * delay, reduce the scope of or eliminate certain research and
     development programs;

   * obtain funds through arrangements with collaborators or
     others on terms unfavorable to us or that may require us to
     relinquish rights to certain technologies or products that we
     might otherwise seek to develop or commercialize
     independently;

   * monetize certain of our assets;

   * pursue merger or acquisition strategies; or

   * seek protection under the bankruptcy laws of Israel and the
     United States," the Company said in its annual report for the
     year ended Dec. 31, 2014.


SABINE OIL: Court Approves Fixed Bonus Award Program
----------------------------------------------------
Sabine Oil & Gas Corporation and its affiliated debtors filed with
the U.S. Bankruptcy Court for the Southern District of New York a
motion to approve and authorize a Performance Award Program and a
Fixed Bonus Award Program.  Judge Shelley C. Chapman subsequently
approved the Fixed Bonus Award Program and adjourned the hearing on
the Debtors' motion as it relates to the Performance Award
Program.

The Debtors contend that the two Employee Incentive Programs are
continuations of the Debtors' historical practices, consistent with
industry standards, and are necessary for the Debtors to provide
market-based compensation to their employees.

The Debtors relate that the Performance Award Program provides nine
members of the Debtors' management team with the opportunity to
earn quarterly incentive-based cash awards if the Debtors achieve
pre-established financial and operational milestones.  The Fixed
Bonus Award Program provides for the payment of quarterly fixed
cash bonus awards to the Debtors' 145 remaining employees.  They
contend that both of these programs are in the best interests of
the Debtors' 154 employees, the Debtors’ estates, and all
stakeholders.

The Debtors seek to pay a total estimated maximum value of
$16,008,157 under their Employee Incentive Programs.

The Debtors' attorneys can be reached at:

          James H.M. Sprayregen, Esq.
          Paul M. Basta, Esq.
          Jonathan S. Henes, Esq.
          Christopher J. Marcus, Esq.
          KIRKLAND & ELLIS LLP
          KIRKLAND & ELLIS INTERNATIONAL LLP
          601 Lexington Avenue
          New York, NY 10022
          Telephone: (212)446-4800
          Facsimile: (212)446-4900
          E-mail: james.sprayregen@kirkland.com
                 paul.basta@kirkland.com
                 jonathan.henes@kirkland.com
                 christopher.marcus@kirkland.com
  
                  - and -

          Gabor Balassa, Esq.
          Ryan Blaine Bennett, Esq.
          A. Katrine Jakola, Esq.
          Brad Weiland, Esq.
          KIRKLAND & ELLIS LLP
          KIRKLAND & ELLIS INTERNATIONAL LLP
          300 North LaSalle Street
          Chicago, IL 60654
          Telephone: (312)862-2000
          Facsimile: (312)862-2200
          E-mail: gabor.balassa@kirkland.com
                  ryan.bennett@kirkland.com
                  katie.jakola@kirkland.com
                  brad.weiland@kirkland.com

                      About Sabine Oil & Gas

Sabine Oil & Gas Corp. is an independent energy company engaged in
the acquisition, production, exploration, and development of
onshore oil and natural gas properties in the U.S.  The Company's
current operations are principally located in the Cotton Valley
Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in
South Texas, the Granite Wash in the Texas Panhandle, and the North
Louisiana Haynesville.  The Company operates, or has joint working
interests in, approximately 2,100 oil and gas production sites
(approximately 1,800 operating and approximately 315
non-operating) and has approximately 165 full-time employees.

Sabine Oil and its affiliated entities sought Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 15-11835) in Manhattan on July 15,
2015.

The Debtors have engaged Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as counsel; Lazard Freres & Co. LLC, as
investment banker and Prime Clerk LLC as notice, claims and
balloting agent.  The Debtors also tapped Zolfo Cooper Management,
LLC, to provide Jonathan A. Mitchell as CRO and other additional
personnel.

The U.S. Trustee for Region 2 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee is
represented by Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as their counsel.
The Committee is also hiring Blackstone Advisory Partners L.P. as
investment banker; and Berkeley Research Group, LLC as financial
advisor.



SABINE OIL: Files Schedules of Assets and Liabilities
-----------------------------------------------------
Sabine Oil & Gas Corporation filed with the U.S. Bankruptcy Court
for the Southern District of New York its schedules of assets and
liabilities, and statements of financial affairs, disclosing:
     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                   Unknown
  B. Personal Property        $2,115,810,607
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                            $1,659,821,675
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $41,408
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                    $1,705,991,392
                              --------------   --------------
        Total                 $2,115,810,607   $3,365,854,476      
                            

A copy of the schedules is available for free at
http://bankrupt.com/misc/SABINEOIL_SAL_SOFA.pdf

                       About Sabine Oil & Gas

Sabine Oil & Gas Corp. is an independent energy company engaged in
the acquisition, production, exploration, and development of
onshore oil and natural gas properties in the U.S.  The Company's
current operations are principally located in the Cotton Valley
Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in
South Texas, the Granite Wash in the Texas Panhandle, and the
North
Louisiana Haynesville.  The Company operates, or has joint working
interests in, approximately 2,100 oil and gas production sites
(approximately 1,800 operating and approximately 315
non-operating) and has approximately 165 full-time employees.

Sabine Oil and its affiliated entities sought Chapter 11
protection
(Bankr. S.D.N.Y. Lead Case No. 15-11835) in Manhattan on July 15,
2015.

The Debtors have engaged Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as counsel; Lazard Freres & Co. LLC, as
investment banker and Prime Clerk LLC as notice, claims and
balloting agent.  The Debtors also tapped Zolfo Cooper Management,
LLC, to provide Jonathan A. Mitchell as CRO and other additional
personnel.

The U.S. Trustee for Region 2 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee is
represented by Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as their counsel.
The Committee is also hiring Blackstone Advisory Partners L.P. as
investment banker; and Berkeley Research Group, LLC as financial
advisor.


SABINE OIL: Taps Deloitte & Touch as Independent Auditor
--------------------------------------------------------
Sabine Oil & Gas Corporation and its debtor-affiliates ask the Hon.
Shelley C. Chapman of the U.S. Bankruptcy Court for the Southern
District of New York for permission to employ Deloitte & Touche LLP
as their independent auditor and accounting services provider.

A hearing is set for Oct. 15, 2015, at 10:00 a.m. (prevailing
Eastern Time) to consider the Debtors' request.  Objections, if
any, are due Oct. 8 2015, at 4:00 p.m. (prevailing Eastern Time).

The firm will continue to perform these services:

   a) a financial statement audit in accordance with the standards
of the Public Company Accounting Oversight Board to express an
opinion on the fairness of presentation of the Debtors' financial
statements for the year ending Dec. 31, 2015 in accordance with
auditing standards generally accepted in the United States, in all
material aspects; and

   b) continued quarterly reviews of the Debtors' condensed
consolidated interim financial information in accordance with the
standards of the PCAOB for each of the quarters in the year ending
Dec. 31, 2015 for compliance with accounting principles generally
accepted in the United States.

Deloitte & Touche will receive an aggregate fixed fee of $180,000,
with the remaining fees to be billed approximately in $60,000
installments consistent with the quarterly engagement letter and
applicable Court orders.  As of July 1, 2015, Deloitte & Touche had
received $60,000 pursuant to the quarterly engagement letter for
its first quarter review services.  Deloitte & Touche's Quarterly
Review services that were invoiced and paid to date will be
credited towards Deloitte & Touche's final billings of $180,000 as
estimated, subject to any applicable orders of the Court.

Deloitte & Touche will charge the "base audit" hourly rates for any
additional audit procedures required by these Chapter 11 cases, and
any additional consultation Services will be billed at the
"consultation" hourly rates:

    Personnel             Base Audit     Consultation
    Classification        Hourly Rate    Hourly Rate
    --------------        -----------    ------------
    Partner/Principal/        $370           $720
     Director
    Senior Manager            $290           $620
    Manager                   $265           $550
    Senior Staff              $220           $425
    Staff                     $180           $350

Fernando Calegari, partner of the firm, assures the Court that the
firm is a "disinterested person" within the meaning of Section
101(14) of the Bankruptcy Code.

Mr. Calegari can be reached at:
   
   Fernando Calegari
   Deloitte & Touche LLP
   1111 Bagby Street, Suite 4500
   Houston, Texas 77002-4196
   Tel: +1 713 982 2000
   Fax: +1 713 982 2001

                       About Sabine Oil & Gas

Sabine Oil & Gas Corp. is an independent energy company engaged in
the acquisition, production, exploration, and development of
onshore oil and natural gas properties in the U.S.  The Company's
current operations are principally located in the Cotton Valley
Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in
South Texas, the Granite Wash in the Texas Panhandle, and the
North
Louisiana Haynesville.  The Company operates, or has joint working
interests in, approximately 2,100 oil and gas production sites
(approximately 1,800 operating and approximately 315
non-operating) and has approximately 165 full-time employees.

Sabine Oil and its affiliated entities sought Chapter 11
protection
(Bankr. S.D.N.Y. Lead Case No. 15-11835) in Manhattan on July 15,
2015.

The Debtors have engaged Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as counsel; Lazard Freres & Co. LLC, as
investment banker and Prime Clerk LLC as notice, claims and
balloting agent.  The Debtors also tapped Zolfo Cooper Management,
LLC, to provide Jonathan A. Mitchell as CRO and other additional
personnel.

The U.S. Trustee for Region 2 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee is
represented by Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as their counsel.
The Committee is also hiring Blackstone Advisory Partners L.P. as
investment banker; and Berkeley Research Group, LLC as financial
advisor.


SERES DE VIDA: Case Summary & 6 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Seres De Vida Corp.
        3071 Ave Alejandrino
        PMB 115
        Guaynabo, PR 00969

Case No.: 15-07528

Chapter 11 Petition Date: September 29, 2015

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Wigberto Lugo Mender, Esq.
                  LUGO MENDER GROUP LLC
                  Centro Internacional De Mercadeo
                  100 Carr 165 Suite 501
                  Guaynabo, PR 00968-8052
                  Tel: 787 707-0404
                  Email: wlugo@lugomender.com

Total Assets: $1.27 million

Total Liabilities: $1.08 million

The petition was signed by Irma Vazquez-Rodriguez, president.

A list of the Debtor's six largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb15-07528.pdf


SRP PLAZA: Has Access to Cash Pending Filing of Revised Plan
------------------------------------------------------------
Judge August B. Landis of the U.S. Bankruptcy Court for the
District of Nevada approved a third cash collateral stipulation,
which authorizes debtor SRP Plaza, L.P. to continue using cash
collateral through Nov. 15, 2015.

The Third Stipulation was entered into by the Debtor and U.S. Bank,
N.A., not in its individual capacity but solely in its capacity as
Successor Trustee for the Registered Holders of Bear Sterns
Commercial Mortgage Securities, Inc., Commercial Mortgage
Pass-Through Certificates, Series 2005-PWR7 ("Secured Lender").

The Debtor and the Secured Lender had previously entered into a
cash collateral stipulation wherein they agreed to the Debtor's
consensual use of the cash collateral until July 31, 2015.  They
later entered a second stipulation authorizing the use of cash
collateral until Sept. 30, 2015.

The Debtor contends that since the filing of the cash collateral
motion and through the date of execution of the Third Stipulation,
the Debtor and the Secured Lender have operated pursuant to the
Cash Collateral Stipulation, no defaults exist thereunder, and the
Parties wish to continue with that arrangement, pending filing of
the Debtor's revised Disclosure Statement and Plan of
Reorganization.

SRP Plaza's attorneys can be reached at:

          Zachariah Larson, Esq.
          Matthew C. Zirzow, Esq.
          LARSON & ZIRZOW, LLC
          810 S. Casino Center Blvd. #101
          Las Vegas, Nevada 89101
          Telephone: (702)382-1170
          Facsimile: (702)382-1169
          E-mail: zlarson@lzlawnv.com
                  mzirzow@lzlawnv.com

U.S. Bank, N.A. is represented by:

          Abran E. Vigil, Esq.
          BALLARD SPAHR, LLP
          100 North City Parkway, Suite 1750
          Las Vegas, NV 89106-4617
          Telephone: (702)471-7000
          Facsimile: (702)471-7070
          E-mail: vigila@ballardspahr.com

                 - and -

          Dean C. Waldt, Esq.
          BALLARD SPAHR, LLP
          1 East Washington Street, Suite 2300
          Phoenix, AZ 85004-2555
          Telephone: (602)798-5400
          Facsimile: (602)798-5595
          E-mail: waldtd@ballardspahr.com

                         About SRP Plaza

SRP Plaza, L.P., is the owner of a retail shopping center commonly
known as "Mission Paseo Shopping Center" with addresses of 6985
and 7005 West Sahara Avenue and 2555 and 2585 South Rainbow
Boulevard, Las Vegas, Nevada.  SRP Plaza, L.P., a Single Asset
Real
Estate, filed a Chapter 11 petition (Bankr. D. Nev. Case No.
15-12127) on April 16, 2015, to halt a receiver from taking
control
of the property.

U.S. Bank National Association, as successor trustee for the
registered holders of Bear Stearns Commercial Mortgage Securities,
Inc., Commercial Pass-Through Certificates, Series 20015-PW37,
declared an event of default under a Deed of Trust dated on
Dec. 7, 2004, and recorded against the real property of SRP on
Dec.
9, 2004 as Instrument No. 20041209-0003438.

On March 31, 2014, the Bank filed a complaint for appointment of a
receiver in the Eight Judicial District Court, Clark County,
Nevada, being Case No. A-15-71622 against SRP, and on April 9,
2015, filed an application for the appointment of a receiver
seeking the potential seizure of control of SRP's property, which
actions, if allowed to proceed, would cause significant and
irreparable harm to SPR, its creditors and other
parties-in-interest.

The bankruptcy case is assigned to Judge August B. Landis.  The
Debtor disclosed $10,481,975 in assets and $7,327,546 in
liabilities as of the Chapter 11 filing.

SRP Plaza is represented by Zachariah Larson, Esq., Matthew C.
Zirzow, Esq. and Shara L. Larson, Esq. at Larson & Zirzow, LLC in
Las Vegas, Nevada.



STEREOTAXIS INC: Extends Warrants Offering Subscription Period
--------------------------------------------------------------
Stereotaxis, Inc., has extended its registered offering of
subscription warrants to the holders of common shares, as described
in its prospectus supplement filed with the Securities and Exchange
Commission on Sept. 4, 2015.  The warrants offering was originally
scheduled to expire on Sept. 30, 2015, and the Company is extending
the warrants offering by two days in order to better ensure that
its stockholders who hold shares in brokerage accounts receive the
offering materials and have time to act on them.  The subscription
warrants will now be exercisable until 5:00 p.m. New York City time
on Friday, Oct. 2, 2015.

As previously announced, the Company is conducting a registered
offering of subscription warrants to the holders of its common
shares, which functions similarly to a rights offering.  The
Company declared the record date for determination of stockholders
eligible to participate as Sept. 9, 2015, at 5:00 p.m. New York
City time, at which time, each holder was issued, at no charge, one
subscription warrant for every four common shares held, entitling
the holder to purchase one share of common stock at a price of
$1.10 per share.  As previously reported on Form 4 filings made
with the SEC on Sept. 24, 2015, Stereotaxis CEO William Mills and
CFO Martin Stammer have fully exercised their allotted subscription
warrants to purchase Stereotaxis common shares.

The warrants commenced being listed on the NASDAQ Capital Market
under the symbol "STXSW" on Sept. 14, 2015, and will continue
through the new expiration date of Oct. 2, 2015.  In addition to
being able to purchase their pro rata portion of the shares
offered, based on their ownership as of the record date of the
warrants offering, Stereotaxis stockholders who exercise all of
their warrants may subscribe to purchase additional common shares
pursuant to an over-subscription privilege, subject to certain
limitations and subject to allotment, as described in the
Prospectus.  No fractional subscription warrants will be
distributed and no fractional shares will be issued, pursuant to
the warrants offering.  Any fractional warrants issuable, pursuant
to the warrants offering, resulting from the number of shares owned
as of the record date or fractional shares issuable, pursuant to
the over-subscription, resulting from prorations or other
limitations, will be eliminated by rounding down to the nearest
whole warrant or whole share.

Holders of Stereotaxis' shares who hold their shares in "street
name" at a brokerage firm, bank or similar organization, like the
vast majority of Stereotaxis stockholders, may direct any questions
about the warrants offering to the broker or bank at the number
identified in the offering materials mailed to the holders.
Stockholders who hold their shares directly may contact the
warrants agent, Broadridge Corporate Issuer Solutions, Inc. at
(855) 300-4994.

                         About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $5.20 million in 2014, a net
loss of $68.8 million in 2013 and a net loss of $9.23 million in
2012.

As of June 30, 2015, the Company had $19.9 million in total assets,
$35.8 million in total liabilities and a $15.8 million total
stockholders' deficit.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has incurred recurring
operating losses and has a net capital deficiency.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


TRIGEANT LTD: Loading Arms Sold to Gravity, Court Confirms
----------------------------------------------------------
Gravity Midstream Corpus Christi, LLC, the buyer for most of the
assets of debtors Trigeant Holdings, Ltd., et al., filed with the
U.S. Bankruptcy Court for the Southern District of Florida a motion
seeking entry of an order enforcing the terms of the Debtors'
confirmed Third Amended Joint Plan of Reorganization and the Asset
Purchase Agreement.  Specifically, Gravity sought an order
confirming its rights in certain acquired assets, to wit, the
business fixtures, including loading arms.

According to the Debtors, the purchased assets under the APA
included the business fixtures, which, among other things, include
the two loading arms (the "Loading Arms") located at the so-called
Bay/Berry dock adjacent to the Debtors' Acquired Real Property
acquired by Gravity from Trigeant (the "Dock").  Pursuant to the
Confirmation Order, the Court determined that Trigeant had all
right, title and interest in the Business Fixtures.  BTB Refining,
LLC, however, has asserted and continues to assert an ownership
interest in one or more of the Loading Arms.

In response, BTB Refining pointed out that the Motion to Enforce is
both substantively and procedurally flawed.  According to BTB, the
property at issue is not a fixture within the scope of the
Purchased Assets as described in the Asset Purchase Agreement, but
rather is part of the personal property foreclosed on by BTB.  BTB
said that as the parties did not intend for the Loading Arms to be
permanently affixed to the Bay/Berry property, they would not be
"fixtures", and thus are personal property owned by BTB as a result
of the 2008 foreclosure.

The Debtors filed a joinder to Gravity's motion.

                   Order Granting in Part

Judge Erik P. Kimball entered an order granting in part Gravity's
motion.  Judge Kimball affirmed that the loading arms were sold to
Gravity pursuant to the terms of the Confirmation Order.  BTB has
no interest in the loading arms.  All other relief requested in the
Motion is denied.

                        About Trigeant

Trigeant, owner of a Corpus Christi, Texas oil refinery, provides
fuel and asphalt products to the housing and transportation
industries.  The company is owned by Palm Beach, Florida
billionaire Harry Sargeant III and members of his family.

On Nov. 26, 2014, Trigeant filed its first bankruptcy In re
Trigeant Ltd., 13-38580.  The case was dismissed on April 1, 2014.

Trigeant Holdings, Ltd., and Trigeant, LLC, filed Chapter 11
bankruptcy petitions (Bankr. S.D. Fla. Case Nos. 14-29027 and
14-29030, respectively) on Aug. 25, 2014, amid a dispute among
members of the Sargeant family.  Mr. Sargeant's two brothers,
Daniel and James, and his father, Harry Sargeant II, sent Trigeant
to bankruptcy to fend off Mr. Sargeant III's bid to seize control
of the company's primary asset.

Trigeant Holdings estimated both assets and liabilities of
$50 million to $100 million.

Berger Singerman LLP serves as the Debtors' counsel.

The Bankruptcy Court set the general claims bar date as Oct. 17,
2014, and March 31, 2015, as the deadline by which governmental
entities must file proofs of claims.

The U.S. Trustee for Region 21 did not appoint a committee of
unsecured creditors.

The Debtors sold most of the assets, including the Debtors' Corpus
Christi, Texas asphalt refinery, to a unit of Gravity Midstream,
LLC, for $100 million.  The settlement of a long-running dispute
between members of the Sargeant family allowed the sale of the
assets and resolved all the pending litigation among the family
members in the bankruptcy court and other federal and state courts
in Florida and Texas.

The Debtors filed a Chapter 11 plan that provides that holders of
allowed claims will be paid in full, in cash.  The Bankruptcy Court
entered an order confirming the Debtors' Third Amended Joint Plan
of Reorganization on May 5, 2015, and the Plan was declared
effective June 5, 2015.


TRUE RELIGION: Moody's Lowers CFR to Caa1, Outlook Stable
---------------------------------------------------------
Moody's Investors Service downgraded True Religion Apparel, Inc.'s
Corporate Family Rating to Caa1 from B3 and Probability of Default
Rating to Caa1-PD from B3-PD.  Moody's also lowered the company's
first lien term loan rating to Caa1 from B3 and second lien term
loan to Caa3 from Caa2.  The rating outlook is stable.

The downgrade reflects Moody's view that True Religion's capital
structure is unsustainable, with management-adjusted debt/EBITDA at
high-8 times as of 2Q 2015, and that given continuing brand
challenges the company has uncertain prospects for meaningful
earnings improvement that would reduce leverage.  The company's
revenue declined 10% and EBITDA declined over 42% in 1H 2015 over
the prior year despite signs of stabilization in the denim
category, driven primarily by clearance activity for non-denim and
everyday jeans offerings, a mix shift to 'athleisure' products,
which carry lower gross profit than denim, and supply disruption.
While the company's new management team is implementing strategies
to increase the brand's relevance to a broader audience and refocus
on the premium denim segment, Moody's believes that executing a
successful operational turnaround in the near term, particularly
for a premium brand, would be difficult under the constraints of
high leverage and diminished free cash generation.

The stable rating outlook reflects Moody's expectation that
earnings will stabilize in the near term and the company will
maintain an adequate liquidity profile.

Moody's took these rating actions on True Religion Apparel, Inc.:

   -- Corporate Family Rating, downgraded to Caa1 from B3
   -- Probability of Default Rating, downgraded to Caa1-PD from
      B3-PD
   -- $386 million ($400 million face value) first lien term loan
      due 2019, downgraded to Caa1 (LGD3, 45%) from B3 (LGD3, 44%)
   -- $85 million second lien term loan due 2020, downgraded to
      Caa3 (LGD5, 89%) from Caa2 (LGD5, 89%)
   -- Stable outlook

RATINGS RATIONALE

True Religion's Caa1 rating is constrained by the company's high
leverage at high-8 times as of Q2 2015 (based on
management-adjusted EBITDA, and compared to low-4 times as of March
2013 pro-forma for the LBO) as a result of recent earnings declines
due to both denim category and brand-specific challenges.  The
rating also reflects True Religion's modest scale and concentrated
fashion risk as a mono-brand retailer and wholesaler primarily in
the highly competitive premium denim category.  Moody's expects
True Religion to have an adequate near-term liquidity profile,
reflecting modest balance sheet cash, nominal free cash flow
generation, lack of near term maturities, and absence of term loan
financial maintenance covenants.  Moody's also projects seasonal
usage of the asset-based revolver that should not trigger the
springing fixed charge coverage covenant.

The ratings could be downgraded if Moody's believes the risk of a
distressed exchange or other default is increasing, or if liquidity
deteriorates, including meaningful negative free cash generation or
use of the revolver beyond seasonal working capital needs.

The ratings could be upgraded if True Religion achieves meaningful
earnings growth by successfully executing its strategic
initiatives, while maintaining adequate liquidity.  Quantitatively,
an upgrade would require the company to achieve and sustain
debt/EBITDA below 7.0 times and EBITA/interest expense above 1.25
times (Moody's-adjusted).

True Religion Apparel, Inc. designs and markets denim, sportswear
and accessories for men, women and children under the "True
Religion" brand.  The company's products are sold in its branded
retail and outlet stores, as well as in contemporary department
stores and boutiques in 61 countries.  As of Feb. 1, 2015, True
Religion operated 152 stores in the U.S. and 15 internationally.
Revenues for the twelve months ended August 2, 2015 were
approximately $408 million.  True Religion has been controlled by
TowerBrook Capital Partners since its take-private transaction in
July 2013.



TS EMPLOYMENT: 341 Meeting of Creditors Moved to Dec. 14
--------------------------------------------------------
The meeting of creditors of TS Employment Inc. has been adjourned
to Dec. 14, 2015 at 3:00 p.m. (Eastern Time), according to a filing
with the U.S. Bankruptcy Court for the Southern District of New
York.

The meeting will take place at the Office of the U.S. Trustee, 4th
Floor, 80 Broad Street, in New York.

The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                        About TS Employment

Based in New York, TS Employment Inc. is a professional employer
organization that provides payroll-related services.  Its only
customer is publicly held Corporate Resource Services, Inc., a
diversified technology, staffing, recruiting, and consulting
services firm.  TS processes payroll of up to 30,000 employees.

TS Employment sought Chapter 11 for protection (Bankr. S.D.N.Y.
Case No. 15-10243) in Manhattan on Feb. 2, 2015.  Judge Martin
Glenn is assigned to the case.

The Debtor estimated at least $100 million in assets and debt.

The Debtor tapped Scott S. Markowitz, Esq., at Tarter Krinsky &
Drogin LLP, in New York, as counsel.  Realization Services Inc.
serves as the Debtor's consultant.

James S. Feltman serves as Chapter 11 trustee.  The Chapter 11
Trustee retains Friedman LLP as special accountant and Mesirow
Financial Consulting, LLC, as accountant to provide accounting,
forensic, and investigatory services.


WALTER ENERGY: Cowin & Company Resigns from Creditors' Committee
----------------------------------------------------------------
Alabama-based Cowin & Company Inc. has resigned from Walter Energy
Inc.'s official committee of unsecured creditors, according to a
filing with the U.S. Bankruptcy Court for the Northern District of
Alabama.

Cowin & Company was appointed on July 30 by J. Thomas Corbett, the
bankruptcy administrator for the Northern District of Alabama.

                       About Walter Energy

Walter Energy -- http://www.walterenergy.com/-- is a publicly
traded "pure-play" metallurgical coal producer for the global steel
industry with strategic access to steel producers in Europe, Asia
and South America.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,700 employees, with operations in
the United States, Canada and the United Kingdom.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $471 million following a net loss of $359 million in 2013.  

Walter Energy, Inc., and its affiliates sought Chapter 11
protection (Bankr. N.D. Ala. Lead Case No. 15-02741) in
Birmingham, Alabama on July 15, 2015.  The Debtors tapped Paul,
Weiss, Rifkind, Wharton & Garrison as counsel; Bradley Arant Boult
Cummings LLP, as co-counsel; Ogletree Deakins LLP, as labor and
employment counsel; Maynard, Cooper & Gale, P.C., as special
counsel; Blackstone Advisory Services, L.P., as investment banker;
AlixPartners, LLP, as financial advisor, and Kurtzman Carson
Consultants LLC, as claims and noticing agent.

Walter Energy disclosed total assets of $5.2 billion and total debt
of $5 billion as of March 31, 2015.

J. Thomas Corbett, the bankruptcy administrator for the Northern
District of Alabama, formed the official committee of unsecured
creditors on July 30, 2015.


WALTER ENERGY: May Use Cash Collateral Until Oct. 21
----------------------------------------------------
Alan Zimmerman at Forbes reports that Walter Energy Inc., et al.,
obtained on Sept. 28, 2015, authorization from the U.S. Bankruptcy
Court for the Northern District of Alabama to negotiate a new
reorganization plan with a steering committee of senior secured
lenders, extending the Company's ability to use its cash collateral
through Oct. 21, 2015.

According to Forbes, the Committee said it recognized that the use
of cash collateral was "vital to the Debtors' ability to continue
to operate," and that it was "willing to consent to the Debtors'
use of cash collateral until Oct. 21, 2015, to allow the debtors to
continue to operate while the parties seek to negotiate a new path
forward for these cases."

Ryan Phillips at Birmingham Business Journal relates that the
Committee on Sept. 18, 2015, filed a motion with the Court stating
that though it was willing to consent to the Company's cash
collateral use with the restructuring support agreement, it did not
agree to all of the terms of the actual order.  The report states
that the steering committee then said the Court modified the
proposed cash collateral order to limit the lenders' ability to
terminate the agreement under certain circumstances, and as a
result, the original support agreement was terminated.

                       About Walter Energy

Walter Energy -- http://www.walterenergy.com/-- is a publicly   
traded "pure-play" metallurgical coal producer for the global
steel industry with strategic access to steel producers in Europe,
Asia and South America.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,700 employees, with operations in
the United States, Canada and the United Kingdom.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $471 million following a net loss of $359 million in 2013.  

Walter Energy, Inc., and its affiliates sought Chapter 11
protection (Bankr. N.D. Ala. Lead Case No. 15-02741) in
Birmingham, Alabama on July 15, 2015.  The Debtors tapped Paul,
Weiss, Rifkind, Wharton & Garrison as counsel; Bradley Arant Boult
Cummings LLP, as co-counsel; Ogletree Deakins LLP, as labor and
employment counsel; Maynard, Cooper & Gale, P.C., as special
counsel; Blackstone Advisory Services, L.P., as investment banker;
AlixPartners, LLP, as financial advisor, and Kurtzman Carson
Consultants LLC, as claims and noticing agent.

Walter Energy disclosed total assets of $5.2 billion and total
debt of $5 billion as of March 31, 2015.

J. Thomas Corbett, the bankruptcy administrator for the Northern
District of Alabama, has appointed 13 members to the official
committee of unsecured creditors, including Pension Benefit
Guaranty Corp. and Nelson Brothers, LLC.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re John R Friedenberg and Lynne D Friedenberg
   Bankr. D. Ariz. Case No. 15-11773
      Chapter 11 Petition filed September 15, 2015

In re Leonora Manor, LLC
   Bankr. C.D. Cal. Case No. 15-13076
      Chapter 11 Petition filed September 15, 2015
         See http://bankrupt.com/misc/cacb15-13076.pdf
         represented by: Daniel J Weintraub, Esq.
                         WEINTRAUB & SELTH APC
                         E-mail: dan@wsrlaw.net

In re GS1 Motors Inc.
   Bankr. E.D. Cal. Case No. 15-27225
      Chapter 11 Petition filed September 15, 2015
         See http://bankrupt.com/misc/caeb15-27225.pdf
         represented by: Richard L. Jare, Esq.
                         E-mail: chapter13bankruptcy@yahoo.com

In re Ladera Drive Land Trust
   Bankr. E.D. Cal. Case No. 15-27249
      Chapter 11 Petition filed September 15, 2015
         Filed Pro Se

In re Deborah Joan Higgins
   Bankr. M.D. Fla. Case No. 15-09371
      Chapter 11 Petition filed September 15, 2015

In re Robbins Xpress, LLC
   Bankr. S.D. Iowa Case No. 15-01921
      Chapter 11 Petition filed September 15, 2015
         See http://bankrupt.com/misc/iasb15-01921.pdf
         represented by: Kenneth J Weiland, Jr, Esq.
                         WEILAND LAW FIRM, P.C.
                         E-mail: weilandlaw@yahoo.com

In re Jacqueline Boyer-Staley
   Bankr. D. Md. Case No. 15-22853
      Chapter 11 Petition filed September 15, 2015

In re Joanna Mary Lucas
   Bankr. W.D. Mo. Case No. 15-61029
      Chapter 11 Petition filed September 15, 2015

In re Peter N. Glynos
   Bankr. D.N.J. Case No. 15-27344
      Chapter 11 Petition filed September 15, 2015

In re Vaughn Environmental Services, Inc.
   Bankr. M.D. Penn. Case No. 15-03937
      Chapter 11 Petition filed September 15, 2015
         See http://bankrupt.com/misc/pamb15-03937.pdf
         represented by: Kevin Joseph Petak, Esq.
                         SPENCE CUSTER SAYLOR WOLFE ROSE, LLC
                         E-mail: kpetak@spencecuster.com

In re Perciner Wadsworth, Inc.
   Bankr. W.D. Penn. Case No. 15-23393
      Chapter 11 Petition filed September 15, 2015
         See http://bankrupt.com/misc/pawb15-23393.pdf
         represented by: Christopher M. Frye, Esq.
                         STEIDL & STEINBERG
                         E-mail: chris.frye@steidl-steinberg.com

In re William R. Canada, Jr.
   Bankr. N.D. Tex. Case No. 15-33757
      Chapter 11 Petition filed September 15, 2015

In re Clary's Restaurant, Inc.
   Bankr. S.D. Tex. Case No. 15-34843
      Chapter 11 Petition filed September 15, 2015
         See http://bankrupt.com/misc/txsb15-34843.pdf
         represented by: Julie Mitchell Koenig, Esq.
                         COOPER & SCULLY, PC
                         E-mail: julie.koenig@cooperscully.com

In re SunQuest Executive Air Charter LLC
   Bankr. C.D. Cal. Case No. 15-13090
      Chapter 11 Petition filed September 16, 2015
         See http://bankrupt.com/misc/cacb15-13090.pdf
         represented by: Ron Bender, Esq.
                         LEVENE, NEALE, BENDER, YOO & BRILL LLP
                         E-mail: rb@lnbyb.com

In re Consolidated Reliance, Inc.
   Bankr. E.D. Cal. Case No. 15-27284
      Chapter 11 Petition filed September 16, 2015
         See http://bankrupt.com/misc/caeb15-27284.pdf
         Filed Pro Se

In re Guilfort Dieuvil
   Bankr. S.D. Fla. Case No. 15-26560
      Chapter 11 Petition filed September 16, 2015

In re Kanol Isidore and Katia Isidore
   Bankr. S.D. Fla. Case No. 15-26604
      Chapter 11 Petition filed September 16, 2015

In re Regional Mortgage Corporation
   Bankr. N.D. Ill. Case No. 15-31505
      Chapter 11 Petition filed September 16, 2015
         See http://bankrupt.com/misc/ilnb15-31505.pdf
         represented by: Regional Mortgage Corporation, Esq.
                         VERNOR MORAN LLC
                         E-mail: nkefalos@vernormoran.com

In re Play and Learn of Malta, LLC
   Bankr. N.D.N.Y. Case No. 15-11886
      Chapter 11 Petition filed September 16, 2015
         See http://bankrupt.com/misc/nynb15-11886.pdf
         represented by: Stephen J. Waite, Esq.
                         WAITE & ASSOCIATES PC
                         E-mail: swaite@waite-associates.com

In re Dotson Plumbing & Heating, Inc.
   Bankr. N.D. Ohio Case No. 15-33017
      Chapter 11 Petition filed September 16, 2015
         See http://bankrupt.com/misc/ohnb15-33017.pdf
         represented by: Steven L. Diller, Esq.
                         DILLER AND RICE, LLC
                         E-mail: steven@drlawllc.com

In re Park Restoration LLC
   Bankr. W.D. Penn. Case No. 15-10966
      Chapter 11 Petition filed September 16, 2015
         See http://bankrupt.com/misc/pawb15-10966.pdf
         represented by: Daniel P. Foster, Esq.
                         FOSTER LAW OFFICES
                         E-mail: dan@mrdebtbuster.com

In re RMPC Habilitative Services, LLC
   Bankr. W.D. Penn. Case No. 15-23409
      Chapter 11 Petition filed September 16, 2015
         See http://bankrupt.com/misc/pawb15-23409.pdf
         represented by: Franklin L. Robinson, Jr., Esq.
                         E-mail: frobi69704@aol.com

In re Steven Lee Warren and Dianne Sue Warren
   Bankr. D.S.D. Case No. 15-50203
      Chapter 11 Petition filed September 16, 2015

In re Kevin Michael Krank and Kathy Gaylene Krank
   Bankr. D.S.D. Case No. 15-50204
      Chapter 11 Petition filed September 16, 2015

In re Stephen Minchin Hart
   Bankr. C.D. Cal. Case No. 15-14559
      Chapter 11 Petition filed September 17, 2015
         represented by: Andrew S Bisom, Esq.
                         The Bisom Law Group
                         E-mail: abisom@bisomlaw.com

In re Industrial Mechanical Services, Inc.
   Bankr. N.D. Ill. Case No. 15-31786
      Chapter 11 Petition filed September 17, 2015
         See http://bankrupt.com/misc/ilnb15-31786.pdf
         represented by: Stephen J Costello, Esq.
                         COSTELLO & COSTELLO
                         E-mail: steve@costellolaw.com

In re Robinson's Delivery Service, Inc.
   Bankr. D. Kan. Case No. 15-22003
      Chapter 11 Petition filed September 17, 2015
         See http://bankrupt.com/misc/ksb15-22003.pdf
         represented by: Colin N. Gotham, Esq.
                         EVANS & MULLINIX, P.A
                         E-mail: Cgotham@emlawkc.com

In re 239 Warwick Corp.
   Bankr. E.D.N.Y. Case No. 15-44266
      Chapter 11 Petition filed September 17, 2015
         See http://bankrupt.com/misc/nyeb15-44266.pdf
         Filed Pro Se

In re Isaac Mazor
   Bankr. E.D.N.Y. Case No. 15-44275
      Chapter 11 Petition filed September 17, 2015

In re John J. Arehart
   Bankr. N.D.N.Y. Case No. 15-11894
      Chapter 11 Petition filed September 17, 2015

In re Mark Allan Bledsoe and Judith Ann Bledsoe
   Bankr. D.S.D. Case No. 15-10119
      Chapter 11 Petition filed September 17, 2015


In re Gilberto P Reyes and Erika Reyes
   Bankr. D. Ariz. Case No. 15-12013
      Chapter 11 Petition filed September 18, 2015

In re Rosalva Ramirez
   Bankr. C.D. Cal. Case No. 15-14580
      Chapter 11 Petition filed September 18, 2015
         represented by: Marc C Forsythe, Esq.
                         E-mail: kmurphy@goeforlaw.com

In re Debbie Raylynn Berman
   Bankr. E.D. Cal. Case No. 15-27329
      Chapter 11 Petition filed September 18, 2015

In re Almanza Auto Repair Inc.
   Bankr. N.D. Ill. Case No. 15-31897
      Chapter 11 Petition filed September 18, 2015
         See http://bankrupt.com/misc/ilnb15-31897.pdf
         represented by: Colleen G. Thomas, Esq.
                         THOMAS LAW OFFICE
                         E-mail: colleenthomaslaw@aol.com

In re General Land Title Company of Maryland
   Bankr. D. Md. Case No. 15-23055
      Chapter 11 Petition filed September 18, 2015
         See http://bankrupt.com/misc/mdb15-23055.pdf
         represented by: Robert W. Thompson, Esq.
                         LAW OFFICE OF ROBERT W. THOMPSON
                         E-mail: 50bob@msn.com

In re Hernan Velez Juan
   Bankr. D.P.R. Case No. 15-07225
      Chapter 11 Petition filed September 18, 2015

In re John Does
   Bankr. D.P.R. Case No. 15-07236
      Chapter 11 Petition filed September 18, 2015

In re Kenneth E Crisp, Sr.
   Bankr. E.D. Tenn. Case No. 15-14076
      Chapter 11 Petition filed September 18, 2015

In re R Dewaye McBride
   Bankr. E.D. Tenn. Case No. 15-14081
      Chapter 11 Petition filed September 18, 2015


In re Forthright Real Estate Investments, LLC
   Bankr. S.D. Tex. Case No. 15-34907
      Chapter 11 Petition filed September 18, 2015
         See http://bankrupt.com/misc/txsb15-34907.pdf
         represented by: Margaret Maxwell McClure, Esq.
                         LAW OFFICE OF MARGARET M. MCCLURE
                         E-mail: margaret@mmmcclurelaw.com

In re Kesavan Shan
   Bankr. S.D. Tex. Case No. 15-34915
      Chapter 11 Petition filed September 18, 2015

In re Logo Express Marketing, Inc
   Bankr. E.D. La. Case No. 15-12404
      Chapter 11 Petition filed September 19, 2015
         See http://bankrupt.com/misc/laeb15-12404.pdf
         represented by: Derek Terrell Russ, Esq.
                         Bankruptcy Center of Louisiana
                         E-mail: derekruss@russlawfirm.net

In re Mohammad Sadegh Namazikhah
   Bankr. C.D. Cal. Case No. 15-13134
      Chapter 11 Petition filed September 20, 2015
         represented by: Raymond H Aver, Esq.
                         LAW OFFICES OF RAYMOND H AVER APC
                         E-mail: ray@averlaw.com

In re Sylvia Rosa Villafane Alvarado
   Bankr. D.P.R. Case No. 15-07238
      Chapter 11 Petition filed September 20, 2015

In re William Gert Schmidt, Jr.
   Bankr. D. Or. Case No. 15-34445
      Chapter 11 Petition filed September 20, 2015

In re Ronald E. Lefler
   Bankr. W.D. Va. Case No. 15-71344
      Chapter 11 Petition filed September 20, 2015



                            *********

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

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

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

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

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

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

                            *********

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

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

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

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

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

                   *** End of Transmission ***