TCR_Public/151002.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, October 2, 2015, Vol. 19, No. 275

                            Headlines

ADVANCE WATCH: Case Summary & 30 Largest Unsecured Creditors
ADVANCE WATCH: Files for Ch. 11 With $15M Deal to Sell to Sunshine
AFFINION GROUP: Moody's Lowers Prob. of Default Rating to 'Ca-PD'
ALCOA INC: Fitch Puts 'BB+' IDR on CreditWatch Positive
ALLIANCE ONE: Presented at Annual Deutsche Bank Conference

ALPHA NATURAL: Gets Final Approval to Obtain $692-Mil. Loan
ALVION PROPERTIES: $6 Million Sale to Fund Full-Payment Plan
AMERICAN ACCESS: A.M. Best Affirms 'B(Fair)' Finc'l Strength Rating
AMERICAN EAGLE ENERGY: Has $92.7-Mil. Net Loss in Second Quarter
ARCH COAL: Fitch Affirms 'C' Issuer Default Rating

ARCHDIOCESE OF MILWAUKEE: Judge Approves Disclosure Statement
AUBURN TRACE: Hearing on Exclusivity Extension Continued Oct. 6
BERNARD L. MADOFF: Judge to Deny Customers' Bid to Intervene
BOOMERANG SYSTEMS: Debtor, Committee Object Chapter 7 Conversion
BOOMERANG SYSTEMS: Owners Say Conversion Necessary

BPZ RESOURCES: Court Approves Ferrero Abogados as Peruvian Counsel
BPZ RESOURCES: Plan Offers Up to 18% Recovery for Unsecureds
BPZ RESOURCES: Selects Axford Consulting to Sell Turbine Assets
BRANTLEY LAND: Harper Terminated as Receiver and Accountant
BRANTLEY LAND: R. Michael Souther Appointed as Chapter 11 Trustee

BUILD MODERN: Case Summary & 20 Largest Unsecured Creditors
CACHE INC: Has Until Dec. 31 to File Remove Actions
CACHE INC: Sept. 30 Fixed as Administrative Claims Bar Date
CAL DIVE: Needs Until Dec. 31 to File Plan
CALFRAC HOLDINGS: Moody's Cuts Corporate Family Rating to 'B3'

COMSTOCK MINING: CEO De Gasperis Named Executive Chairman
CONCORDIA HEALTHCARE: S&P Affirms 'B' CCR, Outlook Positive
CRP-2 HOLDINGS: Can Use Cash Collateral Until Jan. 15
CTI BIOPHARMA: Closes 10 Million Common Shares Offering
CURTIS JAMES JACKSON: Fights to Keep Underwear Deal Confidential

DEX MEDIA: Skips $18MM Interest Payment on $261MM in Bond Debt
DRD TECHNOLOGIES: Granted Until Oct. 31 to File Plan
ECO BUILDING: Delays Fiscal 2015 Form 10-K
ELBIT IMAGING: Interim Injunction Hearing on Oct. 14
ELBIT IMAGING: Unit Acquires Loan to Control Liberec Plaza

EPWORTH VILLA: Files Second Modified Plan After Hicks Settlement
EPWORTH VILLA: Wants Expedited Hearing on 2nd Disclosure Statement
ERF WIRELESS: Richard Royall Resigns as Director
EXCEL TRUST: S&P Withdraws 'BB+' Corporate Credit Rating
FEDERATION EMPLOYMENT: Seeks Nov. 6, 2015 Admin. Claims Bar Date

FIRST INDUSTRIAL: S&P Raises Corp. Credit Rating From 'BB+'
FRANKLIN PIERCE: S&P Raises LT Debt Rating to CCC+, Outlook Stable
GELTECH SOLUTIONS: Issues $225,000 Convertible Note to Mr. Reger
GOLDEN COUNTY: Debtor Has Until Nov. 13 to File Liquidation Plan
GOODRICH PETROLEUM: Completes Second Bond Exchange

GRAND TRAVERSE: S&P Affirms 'BB+' Rating on 2007 Refunding Bonds
GUAM POWER: Fitch Affirms 'BB+' Rating on $14.2MM Sub. Bonds
GULFSLOPE ENERGY: Anticipates Further Losses in Business
HAGGEN HOLDINGS: FTC Says Albertsons Can Rehire Workers ASAP
HANSEN MEDICAL: Has $12.5-Mil. Net Loss in 2nd Quarter

HAVERHILLS CHEMICALS: Section 341(a) Meeting Set for October 10
HYDROCARB ENERGY: Stockholders Elect Two Directors
IMS HEALTH: Moody's Hikes Corporate Family Rating to 'Ba3'
INDIGO DEVELOPMENT: Case Summary & 3 Top Unsecured Creditors
INFINITY ENERGY: Three Directors Elected to Board

INSITE VISION: Sun Pharma Has Tender Offer of $0.35 Per Share
J MILLER ENTERPRISES: Case Summary & 8 Top Unsecured Creditors
KALOBIOS PHARMACEUTICALS: Accumulated Deficit at $194M at June 30
KEMET CORP: Presented at Deutsche Bank Conference
KU6 MEDIA: Launches "Model Interactive Community"

LEHMAN BROTHERS: Judge Rules for JPMorgan in $8.6-Billion Suit
LESLIE'S POOLMART: Moody's Hikes Corporate Family Rating to 'B2'
LIBERATOR INC: Needs More Time to File 2015 Form 10-K
LPATH INC: CFO Gary Atkinson Named Interim CEO
MAGNETATION LLC: Wants Until Feb. 29 to File Chapter 11 Plan

MCCLATCHY CO: Bestinver Gestion Owns 4.91% of Class A Shares
MEDIASHIFT INC: Case Summary & 20 Largest Unsecured Creditors
METALICO INC: Suspending Filing of Reports with SEC
MILLER ENERGY: Case Summary & 30 Largest Unsecured Creditors
MILLER ENERGY: Files Voluntary Chapter 11 Bankruptcy Petition

MVP HEALTH: A.M. Best Hikes Finc'l Strength Rating to B+(Good)
NEOGENIX ONCOLOGY: Nixon, et al. Can't Escape Malpractice Row
NEW YORK MILITARY: Sold for $15.83-Mil. to Chinese-Backed Buyer
NORALTA LODGE: S&P Affirms 'B' Corp. Credit Rating
OMNITRACS INC: Moody's Affirms 'B2' CFR, Changes Outlook to Stable

PACIFIC RECYCLING: Hires Cable Huston as Counsel
PACIFIC RECYCLING: Taps David Danecke as Special Counsel
PRA HEALTH: S&P Raises Corp. Credit Rating to 'B+', Outlook Stable
PRESSURE BIOSCIENCES: Obtains $1.1-Mil. from Private Placement
RADIOSHACK CORP: Wins Confirmation of Chapter 11 Plan

REGENT PARK: Disclosure Statement Lacks Info, PlainsCapital Says
RELATIVITY MEDIA: Seeks to Extend Deadline to Remove Suits
REVEL AC: 3rd Circuit Allows Nightclub to Keep Lease
ROADRUNNER ENTERPRISES: Can Use Cash Collateral Until Oct. 5
SAN BERNARDINO, CA: Ambac, Firefighters Oppose Plan Outline

SANMINA CORP: Fitch Hikes Longterm Issuer Default Rating to 'BB+'
SANTA CRUZ: Needs Until Nov. 30 to Use Cash Collateral
SEQUENOM INC: Presented at 2015 Investor and Analyst Day
SNOWFLAKE COMMUNITY: Files August Periodic Report
SNOWFLAKE COMMUNITY: Files July Periodic Report

SOLAR POWER: Amends Merger Agreement with SPI Energy
SPX CORP: Fitch Affirms 'BB+' IDR, Off CreditWatch Negative
SPX CORP: Moody's Withdraws 'Ba2' Corporate Family Rating
SUMMIT STREET: Plan to Pay Off Creditors in Five Years
SUNDIAL GROUP: Moody's Assigns 'B3' Corporate Family Rating

SUNOPTA INC: S&P Assigns 'B' CCR & Rates US$330MM Sr. Notes 'B'
TECK RESOURCES: S&P Lowers CCR to 'BB', Outlook Negative
TESORO CORP: S&P Affirms 'BB+' CCR & Revises Outlook to Positive
TRACK GROUP: Signs $5 Million Loan Agreement with Sapinda
TROCOM CONSTRUCTION: Has Authority for Continued Cash Use

US ARMY CADET: Case Summary & 18 Largest Unsecured Creditors
USA DISCOUNTERS: Hires Kurtzman Carson as Administrative Agent
USA DISCOUNTERS: Taps Alvarez & Marsal to Provide CEO and CFO
VERIFONE INC: $200MM Repurchase Plan No Impact on Moody's Ratings
VUTEC CORPORATION: Case Summary & 20 Largest Unsecured Creditors

WAVE SYSTEMS: Announces Convertible Bridge Loan Financing
WET SEAL: Seeks Nov. 30 Extension of Solicitation Period
ZOGENIX INC: Attends Leerink Partners' Meetings
[*] Chadbourne's Zink to Head McCarthy Fingar's NY Bankr. Practice
[*] Real Estate Bankruptcies Down in Jan. to Aug. Period


                            *********

ADVANCE WATCH: Case Summary & 30 Largest Unsecured Creditors
------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                     Case No.
       ------                                     --------
       Advance Watch Company Ltd.                 15-12690
          aka Geneva Watch Group
       1407 Broadway, Suite 400
       New York, NY 10018

       Binda USA Holdings, Inc.                   15-12691

       Sunburst Products, Inc.                    15-12692

       GWG International, Ltd.                    15-12693  

Type of Business: Advance Watch Company engages in the
                  design, manufacture, and distribution of digital

                  and analog watches, and clocks.

Chapter 11 Petition Date: September 30, 2015

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

Debtors' Counsel: Jeffrey S. Sabin, Esq.
                  Rishi Kapoor, Esq.
                  VENABLE LLP
                  Rockefeller Center
                  1270 Avenue of the Americas
                  24th Floor
                  New York, NY 10020
                  Tel: (212) 503-0672
                  Fax: (212) 307-5598
                  Email: JSSabin@Venable.com
                         kapoor@Venable.com

                    - and -

                  Andrew J. Currie, Esq.
                  VENABLE LLP
                  575 7th Street, NW
                  Washington, DC 20004
                  Tel: (202) 344-4000
                  Fax: (202) 344-8300
                  Email: ajcurrie@Venable.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $50 million to $100 million

The petition was signed by Jeffrey L. Gregg, chief restructuring
officer.

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Dilllard's Department Store        Customer Programs     $532,390
Don Powers, 1600 Cantrell Road
Little Rock, AR 72201
Tel:: (501) 399-7901
Email: don.powers@dillards.com

G&Y Company Limited                   Trade Debt         $481,027
Unit 2608 Greenfield
Tower, Concordia Plaza
Hong Kong, China
Fax: (852) 2620-6808
Email: Winston@greatpower.ca;
       Elain@gny.com.hk

State Electronics Ltd.                 Trade Debt        $463,986
Unit 1013, 10/F, Block B,
Hong Kong Industrial Centre
Hong Kong, China
Fax: (852) 248-12347
info@statewatches.com.hk

Prime Time International Limited       Trade Debt        $327,688

Moore Wallace an RR Donnelley          Trade Debt        $215,371

Itsy Bitsy Media, Inc.                 Trade Debt        $205,694

Rebel Interactive Group, LLC           Trade Debt        $194,242

Staffing Network LLC                   Trade Debt        $188,903

Precision Time                         Trade Debt        $165,778

Stingmars Limited                      Trade Debt        $142,749

47440 Michigan Ave, LLC                   Other          $128,677

Jeff Smith Consulting, LLC             Trade Debt        $125,000

Publicis Kaplan Thaler                 Trade Debt        $123,705

Jolly Come International Limited       Trade Debt        $121,192

Deloitte & Touche LLP               Professional Fees    $118,000

Douglas R. Bennett                     Trade Debt        $115,532

ZY Holdings LLC                     License Royalties    $107,000

Allari Solutions                       Trade Debt        $103,991

Masterson Staffing Solutions           Trade Debt        $102,638

Cindy Riccio Communications            Trade Debt         $99,619

Rodale Inc.                            Trade Debt         $91,631

HBI Branded Apparel Enterprise     License Royalties      $80,526

Grand Glory Manufacturing Ltd.         Trade Debt         $78,348

Second Nature Technologies Inc.        Trade Debt         $76,919

Burwood Products Co.               License Royalties      $75,000

Socialyte Collective                   Trade Debt         $69,500

Ultimos Manufacturing PTE LTD.         Trade Debt         $69,301

Conde Nast Publications                Trade Debt         $67,249

Costco Wholesale                        Customer     Unliquidated
                                        Programs

Macys                                   Customer     Unliquidated
                                        Programs


ADVANCE WATCH: Files for Ch. 11 With $15M Deal to Sell to Sunshine
------------------------------------------------------------------
Advance Watch Company Ltd. and three of its affiliates sought
Chapter 11 bankruptcy protection in New York on Sept. 30, 2015,
with an agreement to sell their assets to Sunshine Time Inc. for
$15 million, subject to higher and better bids.

The Debtors listed total assets of $41.4 million and total
liabilities of $98 million.  The liabilities include $13.3 million
owed to Wells Fargo, National Association, under a prepetition loan
agreement; $26.2 million owed to Binda Italy, their ultimate
parent; $30 million of intercompany claim payable to their
non-debtor affiliate Advance Watch Company (Far East) Limited Hong
Kong; and $6.7 million of unsecured trade vendors claims.

Headquartered in New York City, Advance Watch manufactures and
sells timepieces under exclusive global licenses for fashion and
lifestyle brands such as Kenneth Cole, Tommy Bahama, and Ted Baker
London.  The Company also maintained extensive sourcing and
manufacturing operations in Hong Kong and China.

According to the documents filed with the Court, from fiscal year
2009 through 2012, subsequent to its acquisition by the predecessor
entity to Binda Italy, the Company experienced steady sales growth,
with gross revenue increasing from approximately $171.6 million in
2009 to $221 million in 2012.

However, in June 2015, the Company suffered declining revenues as
its ultimate Italian parent, Binda Italia Srl (Italy) became the
subject of insolvency proceedings in Italy.  The proceedings
prevented the Company from accessing financing from Binda Italy
which, in turn, resulted to its inability to make payments to many
of its vendors causing inventory delays and product shortages.

"Beset by declining cash flow and revenues, the Company's ability
to access financing under the Wells Fargo loan deteriorated,
forcing the Company to explore a restructuring of the business,"
said Jeffrey L. Gregg, chief restructuring officer of Advance
Watch.

The Company's financial struggles were not limited to its domestic
operations.  On June 22, 2015, the Company's Hong Kong-based
affiliate AWC Far East formally commenced liquidation proceedings
under Hong Kong law.  The Far East Companies had shut down
operations over personal threats related to past due amounts owed
to the their suppliers.

As early as 2010, the Company's revenue started to drop as a result
of the termination of its license to produce and sell timepieces
for Betsey Johnson, which accounted for $8.1 million in annual
revenue.  In 2013, Binda Italy's license to produce and sell
timepieces for luxury fashion company Dolce & Gabbana expired
without being renewed, causing an additional decrease of $25 to $30
million in annual revenue for the Company.

According to Mr. Gregg, the Company continued to lose revenue and
incur significant operating losses through calendar years 2014 and
2015 due to operational challenges, weakness in the domestic watch
market, failed new product launches, and the failure to align
overhead costs to regain profitability.  Moreover, approximately $7
million of losses that accumulated during calendar year 2014 were
discovered in late 2014 as a result of financial recordkeeping
errors in 2014, requiring the Company to restate its interim
financials for 2014.

Mr. Gregg believes that the Debtors' declining revenues are
insufficient to support the continued operation their business as a
whole.

"I concluded that a sale of the Company or substantially all of the
Company's assets would best position the Company to maximize its
value and achieve long-term viability," he maintained.

To support the Debtors through the Chapter 11 process, they have
obtained a commitment from Wells Fargo for up to $18,500,000 in
postpetition financing, subject to Court approval.  

The Debtors have engaged Venable LLP as attorneys, Imperial
Capital, LLC as investment banker, Tanner De Witt as special Hong
Kong counsel and Epiq Bankruptcy Solutions, LLC as notice, claims
and administrative agent.

As of the Petition Date, the Company has 113 full-and part-time
employees and three independent contractors in the United States
and internationally.

Contemporaneously with the filing of the petition, the Debtors are
seeking Bankruptcy Court's authority to, among other things, pay
employee compensation, obtain post-petition financing, use cash
collateral, use existing cash management system and pay shipping
charges, warehousing charges and possessory liens.

A copy of the declaration in support of the First Day Motions is
available for free at:

         http://bankrupt.com/misc/18_ADVANCE_Affidavit.pdf



AFFINION GROUP: Moody's Lowers Prob. of Default Rating to 'Ca-PD'
-----------------------------------------------------------------
Moody's Investors Service downgraded Affinion Group Holdings'
Probability of Default rating to Ca-PD from Caa2-PD and Affinion
Investments' 13.5% senior subordinated notes due 2018 to Ca from
Caa3, reflecting elevated probability of default in the near term
in light of the company's planned restructuring of its capital
structure. Affinion Holdings' 13.75%/14.5% senior secured
PIK/Toggle notes due 2018 were affirmed at Ca. Affinion's all other
ratings, including its Caa2 Corporate Family Rating ("CFR") and
existing debt instrument ratings not subject to the exchange are
not currently impacted. The outlook remains negative.

RATINGS RATIONALE

On September 30, 2015, Affinion announced it reached a support
agreement with majority of its noteholders to help facilitate
balance sheet recapitalization. The company launched offers to the
holders of $360 million 13.5% senior subordinated notes due 2018
and $260.5 million 13.75%/14.5% senior secured PIK Toggle notes due
2018 to exchange debt for common equity. Moody's will consider the
debt-for-equity swap affecting Affinion Holdings and Affinion
Investments existing notes as distressed exchanges since it
alleviates a capital structure that Moody's views as being
unsustainable over the medium term, and also results in a
significant economic loss to the bondholders. Moody's will append
Affinion's probability of default with an "/LD" designation at the
close of the debt exchange indicating limited default, which will
be removed after three business days. Post debt exchange,
aforementioned noteholders will own substantially all of the equity
in the company.

In conjunction with the proposed debt exchange, Affinion launched a
rights offering that will provide the company with incremental
liquidity. As part of a rights offering, the company plans to issue
new $110 million 7.5% Cash/PIK senior notes under Affinion
International Holdings Limited ("Affinion International"), which
will be available only to those noteholders that will be
participating in the debt exchange.

Despite anticipated material reduction in debt and improvement in
liquidity, including expected annual cash interest savings of
approximately $50 million, Affinion's credit profile will remain
challenged because lack of sustained revenue and earnings growth,
and uncertainty surrounding additional legal obligations that may
arise in the medium term. The restructuring of its balance sheet
provides the company substantial opportunity to focus on
organizational restructuring and improvement in operating results
over the next few years, which is important since Affinion faces
significant debt maturities in 2018. Moody's expects Affinion's
debt-to-EBITDA to remain in the 6.0-7.0 times range in FY 2016,
assuming free cash flow turns positive and no voluntary debt
prepayment during this period.

Upon completion of the debt exchange and rights offering, Moody's
will assess the company's CFR and debt instruments of the post
exchange capital structure. If the company completes
recapitalization successfully, Moody's expects Affinion's CFR to be
raised by at least one notch. However, the first lien and second
lien credit facilities as well as Affinion Group Inc.'s senior
unsecured notes due 2018 are not expected to be upgraded due to the
loss of junior debt cushion upon recapitalization.

The negative rating outlook reflects the company's weak liquidity
and imminent impairment in the capital structure.

Moody's could downgrade Affinion's CFR if balance sheet
recapitalization does not take place leading to materially weaker
liquidity profile, net revenues and operating cash flow continue to
decline, or if Moody's believes the recovery at default could
weaken further. Moody's could upgrade Affinion's ratings if the
proposed balance sheet recapitalization results in a material debt
reduction such that debt-to-EBITDA is approaching 6.5 times and
liquidity profile improves.

Moody's took the following rating actions on Affinion Group
Holdings, Inc.:

-- Probability of Default Rating, downgraded to Ca-PD from Caa2-
    PD

-- $260.5 million senior secured PIK/Toggle notes due 2018,
    rating affirmed and LGD raised to Ca (LGD4) from Ca (LGD6)

-- Rating outlook is negative

Moody's took the following rating actions on Affinion Investments,
LLC:

-- $360 million senior subordinated notes due 2018, rating
    downgraded and LGD raised to Ca (LGD3) from Caa3 (LGD5)

-- Rating outlook is negative

Affinion is a leading provider of marketing services and loyalty
programs to many of the largest financial service companies
globally. Affinion provides credit monitoring and identity-theft
resolution, accidental death and dismemberment insurance, discount
travel services, loyalty programs, and various checking account and
credit card enhancement services. Affinion generated revenues of
approximately $1.2 billion for the twelve months ended June 30,
2015.


ALCOA INC: Fitch Puts 'BB+' IDR on CreditWatch Positive
-------------------------------------------------------
Fitch Ratings has placed Alcoa Inc.'s (Alcoa; NYSE: AA) ratings on
Ratings Watch Positive following the company's plans to separate
into two companies.

Nearly $14 billion in commitments and securities is affected.

On Sept. 28, 2015, Alcoa announced that its Board of Directors
approved a plan to separate into two independent, publicly traded
companies.  The transaction is intended to qualify as a tax-free
transaction and it is expected to be completed in the second half
of 2016.  The Upstream Company (UC) will comprise the units that
today make up Global Primary Products, and the Value-Add Company
(VAC) will include the Global Rolled Products and Engineered
Products and Solutions (EPS) units.  The company intends to
capitalize the UC targeting a strong non-investment-grade rating.
The VAC is to be capitalized targeting an investment-grade rating.
Pursuant to the company's 8K filed Sept. 29, 2015, the debt of
Alcoa would be retained by the VAC.

KEY ASSUMPTIONS

   -- The former EPS businesses are expected to benefit from the
      recent acquisitions of Firth Rixon, Tital and RTI
      International as well as internal growth;

   -- LME Aluminum prices remain fairly flat over the next 24
      months as new capacity is added at the low end of the cost
      curve;

   -- Dis-synergies and make-whole premiums associated with the
      transactions are modest;

   -- Cash and pension obligations will be apportioned in
      consideration of the Alcoa's rating targets;

   -- Free cash flow (FCF) generation will remain a goal of each
      company;

   -- There will be no shareholder distributions solely as a
      result of the transaction.

The UC had a very strong 2014 which weakened thereafter on lower
aluminum prices.  Alcoa has significantly restructured this
business to lower costs as well as reduce exposure to the LME
price, but aluminum price is a key determinant of earnings.  Fitch
believes FFO gross leverage of 3x and below is consistent with a
strong non-investment-grade rating.

Fitch believes the VAC has more consistent margins and lower
commodity price risk.  Fitch believes FFO gross leverage of
2.5x-2.75x is consistent with an investment-grade rating for this
entity.

COMPANY PROFILE

Earnings and cash flow benefit from Alcoa's leading positions in
aluminum, key aerospace, automotive and construction markets,
strong control of costs and spending, and the flexibility afforded
by the scope of its operations.  The UC benefits from being
vertically integrated and geographically diversified.  The VAC
benefits from scale in research and development, past restructuring
efforts, and growing end-market demand.

RATING SENSITIVITIES

The Rating Watch Positive will be addressed when the VAC capital
structure is known.

NEGATIVE: Future developments that may, individually or
collectively, lead to negative rating action include:

   -- FFO adjusted net leverage expected to be sustainably above
      3x and FCF negative in the amount of $200 million or more on

      average.

POSITIVE: Future developments that may lead to a positive rating
action include:

   -- FFO adjusted net leverage at the issuer expected to be
      sustainably under 2.5x-2.75x, and FCF positive on average.

   -- EBIT margins of at least 8% on average.

LIQUIDITY

At June 30, 2015, the $4 billion revolver maturing July 25, 2019
was fully available and cash on hand was $1.3 billion.  The
revolver has a covenant that limits consolidated indebtedness to
150% of consolidated net worth.

As of Dec. 31, 2014, near-term scheduled debt maturities were: $29
million in 2015, $28 million in 2016, $767 million in 2017, $1
billion in 2018, and $772 million in 2019.

PENSION CONTRIBUTIONS

According to the company's form 10K, at Dec. 31, 2014, aggregate
pension plans were underfunded by $3.3 billion, with U.S. pension
plans underfunded by $2.7 billion on a U.S. GAAP basis.  While
funding was 75% on a GAAP basis, management announced that it is
90%+ funded on an ERISA basis.  The minimum required contribution
to pension plans is estimated to be $485 million in 2015.
Management intends to apportion the obligations and assets
according to the entity where the associated employees/retiree
worked.

Fitch has placed these ratings on Rating Watch Positive:

   -- Issuer Default Rating (IDR) at 'BB+';
   -- Senior notes at 'BB+';
   -- $4 billion revolving credit facility at 'BB+';
   -- Series A preferred stock at 'BB-';
   -- Series B preferred stock at 'B+';
   -- Short-term IDR at 'B';
   -- Commercial paper at 'B'.



ALLIANCE ONE: Presented at Annual Deutsche Bank Conference
----------------------------------------------------------
Alliance One International, Inc. furnished with the Securities and
Exchange Commission slides accompanying the presentation made by
representatives of the Company on Sept. 29, 2015, at the 23rd
Annual Deutsche Bank Leveraged Finance Conference held in
Scottsdale, Arizona.  A copy of the Investor Presentation is
available for free at http://is.gd/3Xcesb

                        About Alliance One

Alliance One International is a leading global independent leaf
merchant.  Visit the Company's Web site at http://www.aointl.com/


Alliance One reported a net loss of $15.6 million on $2.10 billion
of sales and other operating revenues for the year ended March 31,
2015, compared to a net loss of $87 million on $2.3 billion of
sales and other operating revenues for the year ended March 31,
2014.

                            *    *    *

As reported by the TCR on Feb. 12, 2015, Moody's Investor Service
downgraded the Corporate Family Rating of Alliance One
International, Inc. (AOI) to Caa1 from B3.  The downgrade of AOI's
CFR to Caa1 reflects Moody's expectation that credit metrics will
remain weak over the next 12 - 18 months.

The TCR reported on April 13, 2015, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Morrisville,
N.C.-based Alliance One International Inc. to 'CCC+' from 'B-'.


ALPHA NATURAL: Gets Final Approval to Obtain $692-Mil. Loan
-----------------------------------------------------------
A federal judge approved a $692 million financing to get Alpha
Natural Resources through bankruptcy.

Judge Kevin Huennekens of the U.S. Bankruptcy Court for the Eastern
District of Virginia gave final approval to the loan to be provided
by a group led by the coal miner's first and second lien lenders.

The financing package includes a $300 million term loan, a portion
of which had been used to fund a cash collateralized letter of
credit facility.

The term loan is secured by substantially all assets of the
company.  The lenders will also get "superpriority" claims, court
filings show.

The court order also allowed Alpha Natural to continue to use
so-called cash collateral securing its pre-bankruptcy debt.  A copy
of the order is available for free at http://is.gd/6Vvdk2

Prior to the approval, the company had reached agreements with
creditors opposed to the financing that cleared the way for it to
borrow $692 million to finance its bankruptcy.

Alpha Natural's unsecured creditors and mine workers initially
opposed its plan to borrow the money, fearing it would burden the
company with more debt.  They also questioned its proposal to grant
the lenders new liens on unencumbered assets.

In response, the company explained what would happen should it fail
to get the loan.  Citibank N.A., the administrative agent for the
lenders, and a group of second lien noteholders also defended the
financing.

Alpha Natural also received objections from a group of lessors,
which demanded the company to clarify that the liens to be granted
to lenders will not attach to any payments due to lessors.

                        About Alpha Natural

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

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

Judge Kevin R. Huennekens presides over the case.

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

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

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


ALVION PROPERTIES: $6 Million Sale to Fund Full-Payment Plan
------------------------------------------------------------
Alvion Properties, Inc., which owns mineral rights to 4,513 acres
of property with coal reserves previously valued at $625 million,
has filed a Chapter 11 reorganization plan that will be funded from
a $6 million sale transaction with Webb Creek Management Group, for
1,248 acres of property.

Judge William V. Altenberger will convene a hearing on Nov. 10,
2015, at 9:00 a.m. to consider approval of the disclosure statement
explaining the terms of the Plan.  Objections to the Disclosure
Statement, as amended Sept. 23, 2015, are due Oct. 29, 2015.

The Debtor owns a 1,295-acre property in Scott County, Virginia,
and has mineral rights to an adjoining 3,219-acre property.
According to the Debtor, a coal assessment geographical survey has
estimated that there are 115,704,000 tons of recoverable coal
underlying the property.  An appraisal completed in February
considers the value to be $625 million on the recoverable coal
reserves.

However, according to the Debtor, due to the depressed coal
markets, it does not believe the current market would realize any
bid near the appraised value.

Webb Creek, located in Rome, Georgia, has submitted a detailed
proposal to monetize and sell approximately 1,248 acres plus all
rights from that acreage.  The net proceeds the Debtor will realize
from the transactions will be approximately $6 million, which will
be sufficient to pay all creditors in full.  The delivery of the
funds to the Debtor's disbursement agent will occur prior to Dec.
31, 2015.  Payment to the creditors will be shortly after the
receipt of the funds by the disbursing agent.

The Debtor says it will shortly file a sale motion with the
Bankruptcy Court.  The motion to sell and approval of the plan of
reorganization are anticipated to occur simultaneously.

The Debtor says the Webb Creek offer is time sensitive.

As of Sept. 3, 2015, the estimated claims and debt of Alvion to be
paid is $2.37 million, not including administrative claims
estimated to be under $10,000.  According to the Debtor, George
Howard, on Sept. 10, 2015, filed a mechanics lien claim for $4.50
million.  The Debtor contends that the Howard claim is totally
baseless.

Pursuant to the Plan, creditors with debts entitled to priority
under Sec. 507 (Class 1), if any, the secured claim of Farmers
State Bank of Alto Pass (Class 2), and general unsecured claims
(Class 3) are unimpaired and will be paid in full, with interest,
from the proceeds of the sale transaction.  Stockholders (Class 4)
will retain ownership of all property of the estate except as
provided by the Plan.

The Debtor reserves the right to pursue any preferential payments
and fraudulent conveyances that may be available to the estate
prior to completion of the Chapter 11 plan.  The Debtor says it has
a cause of action against Bern Weber for fraud, embezzlement and
mismanagement, against the Farmers State Bank or failure to release
its interest in minerals, Case Coal LLC for breach of lease, and
against George Howard for lease fees, timber, and intentional
interference with contractual relationships.

A copy of the First Amended Disclosure Statement dated Sept. 23,
2015, is available for free at:

        http://bankrupt.com/misc/Alvion_P_58_1st_Am_DS.pdf

                           *    *    *

The Debtor filed an amended disclosure statement after "page 5" was
inadvertently omitted in the original filing.

                      About Alvion Properties

Alvion Properties, Inc., is a Virginia corporation formed in 1995
with the placement of real property and mineral rights it owns
today.  Alvion owns 1,295 acres of undeveloped land, with
significant coal reserves along with timber and building stone, in
Scott County, Virginia.  Alvion also owns an additional 3,219 acres
of mineral rights in property north of its fee simple ownership.

The current stockholders are Harold M. (Jack) Reynolds and Shirley
Medley.  Mr. Reynolds owns several entities involved in the coal
business.  Shirley and her family also owned coal mines from 1970
to 2010.

Alvion Properties filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Ill. Case No. 15-40462) on May 14, 2015.  Karnes
Medley, the president, signed the petition.  

The Debtor disclosed total assets of $1 billion and total debts of
$2.7 million in its petition.

Antonik Law Offices serves as the Debtor's counsel.

The meeting of creditors was held on June 17, 2015.

On June 18, 2015, the U.S. trustee overseeing the Debtor's case
announced that it was unable to form a committee to represent the
Debtor's unsecured creditors.



AMERICAN ACCESS: A.M. Best Affirms 'B(Fair)' Finc'l Strength Rating
-------------------------------------------------------------------
A.M. Best Co. has downgraded the issuer credit rating (ICR) to "bb"
from "bb+" and affirmed the financial strength rating (FSR) of B
(Fair) of American Access Casualty Company (AACC) (Chicago, IL).
The outlook for the FSR has been revised to negative from stable
while the outlook for the ICR remains negative.  Concurrently, A.M.
Best has withdrawn all ratings due to management's request to no
longer participate in A.M. Best's interactive rating process.

The rating actions reflect the decline in AACC's risk-adjusted
capitalization as a result of significant premium and exposure
growth that has led to unfavorable underwriting leverage measures
compared with the non-standard auto composite.  Additionally,
adverse loss reserve development over the recent three-year period
was caused by increased exposure growth and bodily injury losses in
Nevada and Illinois and contributed to the overall decline in
underwriting profitability in the most-recent five-year period.

However, somewhat offsetting this decline in risk-adjusted
capitalization is AACC's prior track record in generating pretax
operating profitability due primarily to fee income.


AMERICAN EAGLE ENERGY: Has $92.7-Mil. Net Loss in Second Quarter
----------------------------------------------------------------
American Eagle Energy Corporation filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q,
disclosing a net loss of $92.7 million on $7.14 million of oil and
gas sales for the three months ended June 30, 2015, compared to a
net loss of $3.9 million on $16.5 million of oil and gas sales for
the same period in 2014.

The Company's balance sheet at June 30, 2015, showed $116 million
in total assets, $212 million in total liabilities, and a
stockholders' deficit of $95.7 million.

As of June 30, 2015, the Company's liabilities exceed its assets by
approximately $95.7 million.  In addition, the Company is in
default under the terms of the Indenture related to its outstanding
Bonds, as a result of paying only a portion of the interest that
was due on the Bonds as of March 31, 2015, as well as the failure
to meet or maintain a number of financial ratios required by the
Bond Indenture.

The sharp decline in oil prices that occurred during the latter
part of 2014, and the continued depressed pricing, has materially
reduced the revenues that were generated from the sale of the
Company's oil and gas production volumes during that period, which,
in turn, negatively affected the Company's year-end working capital
balance.  The potential for future oil prices to remain at their
current price levels for an extended period of time raises
substantial doubt regarding the Company's ability to continue as a
going concern.

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

                       http://is.gd/QryYAz
                          
                       About American Eagle

Littleton, Colorado-based American Eagle Energy Corporation is
engaged in the acquisition, exploration and development of oil and
gas properties.  The Company is primarily focused on extracting
proved oil reserves from those properties.

American Eagle Energy Corporation and its wholly-owned subsidiary,
AMZG, Inc., filed on May 8, 2015, voluntary petitions (Bankr. D.
Colo., Case No. 15-15073).  The case is assigned to Judge Howard R.
Tallman.  
The Debtors are represented by Elizabeth A. Green, Esq., at Baker &
Hostetler
LLP, in Orlando, Florida.

On May 13, 2015, Judge Tallman granted the Debtors' request for
joint administration.

American Eagle Energy Corporation disclosed total assets of
$21,980,687 and total liabilities of $193,604,113 as of the Chapter

11 filing.

The U.S. Trustee for Region 6, appointed seven creditors to serve
on the Official Committee of Unsecured Creditor.  The Committee
tapped to retain Pachulski Stang Ziehl & Jones LLP as counsel.


ARCH COAL: Fitch Affirms 'C' Issuer Default Rating
--------------------------------------------------
Fitch Ratings has taken these rating actions on Arch Coal, Inc.
(Arch Coal; NYSE: ACI):

   -- Issuer Default Rating affirmed at 'C';

   -- Senior secured revolving credit facility downgraded to
      'B-/RR2' from 'B/RR1';

   -- Senior secured term loan downgraded to 'B-/RR2'from 'B/RR1';

   -- Second lien secured notes downgraded to 'C/RR6' from
      'B-/RR2';

   -- Senior unsecured notes affirmed at 'C/RR6' from 'C/RR5'.

Roughly $5.4 billion in principal amount of debt and commitments
are affected by this action.

The downgrade follows Fitch's assessment of lower recovery values
for coal assets in light of recent transactions and prospects for
prolonged weakness.

Fitch downgraded Arch Coal's IDR on July 6, 2015 to 'C' following
announcements of exchange offers which Fitch considers Distressed
Debt Exchanges (DDE) in accordance with Fitch's DDE criteria.

The offers have been extended four times most recently through Oct.
26, 2015.  On July 28, 2015, term loan lenders delivered a letter
to the term loan administrative agent (the Agent) directing the
Agent to refrain from executing documentation relating to the
Exchange Offers.  On Sept. 16, 2015, a holder of senior unsecured
debt filed suit in state court in Manhattan, seeking a declaration
that the exchange is permissible without consent and an order
barring the term loan lenders from blocking the restructuring.
There has been no judgement on the matter as yet.

Procedurally, if the exchanges are executed as proposed, Fitch
would lower the IDR on Arch to 'RD', reflecting the DDE
Subsequently, assuming no change to current assumptions, Fitch
expects to upgrade the IDR on Arch to at most 'CCC'.

Fitch believes Arch's current capital structure is unsustainable
and that restructuring is necessary.  Failure to execute a
restructuring outside of court would likely result in bankruptcy.

KEY RATING DRIVERS

UPDATED RECOVERY ANALYSIS

Fitch's analysis is based on a going concern enterprise value of
nearly $2.5 billion (down from $3.2 billion) derived from a $400
million EBITDA (down from $537 million) and a 5.5x multiple (down
from 6x).  Under this valuation, and the current capital structure,
the first-lien senior secured debt including full utilization of
the $250 million revolver, has superior recovery given default, but
the second lien and unsecured debt have poor recovery prospects.
Under these assumptions, should the exchanges occur as currently
structured, the recovery for the first lien creditors would drop
from 89% to 83%.

As outlined below in Key Assumptions, Fitch is assuming a fairly
slow recovery even though the coal price slide began in earnest in
2012.  As such, Fitch does not anticipate earnings to reach our
$400 million EBITDA case through 2017.  At an EBITDA assumption of
$330 million, under the current capital structure, the senior
secured debt has a superior recovery at 73%.  Under the $330
million EBITDA assumption, should the exchanges occur as currently
structured, the recovery for the first lien creditors would drop
from 73% to 68%.

A substantial portion of domestic coal production is in
restructuring.  Alpha Natural Resources, Inc., Walter Energy, Inc.,
James River Coal Company, and Patriot Coal Corporation, together,
accounted for about 13% of U.S. coal production in 2013 and Arch
accounted for an additional 13%.  Recently, coal assets have
changed hands at very distressed values comprising little or no
cash given the need to invest in capital and fund reclamation
expenditures as well as legacy pension and other post-retirement
liabilities.

In contrast to other restructuring companies, Arch benefits from
relatively low exposure to employee legacy liabilities and, as of
Dec. 31, 2015, only six of its 5,000 employees belong to a union.
Self-bonding of $458.5 million, $177.7 million surety bonds, and
$3.5 million in secured letters of credit support reclamation
obligations as of Dec. 31, 2014.  These would need to be assumed or
replaced in the event of asset sales or an acquisition.

KEY ASSUMPTIONS

   -- Production, costs, and capital expenditures within guidance
      range for 2015;
   -- Coal prices bottom out in 2015 with scant recovery
      thereafter;
   -- No asset sales proceeds are assumed.

DOMESTIC WEAKNESS/GLOBAL OVERSUPPLY

Steam coal demand in the U.S. is currently suffering from heavy
competition from very low natural gas prices; supply has been
disciplined, but stocks are on the high side and prices are soft.
Lack of new coal-fired power plant builds and shuttering obsolete
plants is expected to result in a 10%-15% decline in coal
production over the medium term.  The U.S. steel industry is
currently suffering from import competition which weighs on
domestic metallurgical (met) coal consumption.

Globally, both met and steam coal markets are in excess supply and
prices are weak.  Coal producers have been running for cash with a
focus on reducing costs which has delayed price recovery.  In
particular, Fitch believes the hard coking coal bench mark price
could average about $105/tonne (t) and the Newcastle steam coal
benchmark could be below $60/t over the next 12 months versus
current prices of $89/t and $67.80/t respectively. U.S. exports,
which peaked at 125 million tons in 2011, are challenged by rail
transport to port and the strong U.S. dollar.  Fitch expects U.S.
exports to drop back into the 50 million ton range over the medium
term.

COMPANY PROFILE

Arch Coal benefits from large, well-diversified operations and good
control of low-cost production.  Globally, Arch is the sixth
largest coal producer based on volumes.  The company sold 134
million tons of coal in 2014.  As of June 30, 2015, roughly 97% of
expected 2015 steam coal production volumes are committed and
priced.  Assuming no change in sales volume for 2016, about 47% of
steam tons are committed and priced.  The company has the third
largest coal reserve position in the U.S. at 5.1 billion tons.

RATING SENSITIVITIES

Negative: Future developments that may, individually or
collectively, lead to negative rating action include:

   -- Failure to pay debt service within grace periods and or
      bankruptcy filing would result in a downgrade of the IDR to
      'D'; the senior secured revolving credit and term loans
      downgraded to 'CCC-'.

   -- Completion of the DDE would result in the IDR being
      downgraded to 'RD'.

Positive: Future developments that may lead to a positive rating
action include:

   -- Re-rating of the resulting capital structure following
      successful completion of the DDE.  Fitch expects the IDR to
      be at best 'CCC' and the junior first lien, second lien, and

      senior unsecured 'CC'.

LIQUIDITY AND DEBT STRUCTURE

LIQUIDITY

At June 30, 2015, cash on hand was $440 million, short-term
investments were $250 million, and $123 million was available under
the company's credit facilities.  The $200 million accounts
receivable facility has a stated maturity in December 2017.  The
$250 million revolving credit facility matures in June 2016.
Revolver covenants include a maximum net senior secured leverage
ratio of 5:1 from June 30, 2015 with step-downs thereafter and a
minimum liquidity of $550 million through Dec. 30, 2015.  Fitch
expects cash and short-term investments to provide sufficient
liquidity through 2017.

Fitch estimates these near-term payments:

   -- $29 million quarterly term-loan principal and interest due
      on Sept. 30, 2015 and Dec. 31, 2015;

   -- $18 million semi-annual coupon on the $500 million 7.25%
      notes due on Oct. 1, 2015;

   -- $89.7 million aggregate semi-annual coupons on the
      $1 billion 7% notes, the $375 million 9.875% notes and the
      $1 billion 7.25% notes due on Dec. 15, 2015;

   -- $14 million semi-annual coupon on the $350 million 8% notes
      due on Jan. 1, 2016.

FREE CASH FLOW BURN

Cash burn is expected to continue absent substantial recovery in
met coal prices.  Under the current capital structure, guidance for
cash interest expense is $360 million to $370 million and for
capital expenditure, $130 million to $140 million for 2015.  Fitch
expects cash burn of at least $200 million per year through 2017.

CAPITAL STRUCTURE

Arch's actions to preserve liquidity since 2012 coupled with three
years of losses have resulted in a debt/capital ratio at 77%.  The
exchanges could improve debt/capitalization below 70% and improve
interest coverage although Fitch expects this to remain below 1x
for 2015.

Estimated current scheduled maturities of debt are $34.4 million in
2015, $29.9 million in 2016, $30.1 million in 2017, $1.9 billion in
2018, $1.7 billion in 2019 and $1.5 billion thereafter. The bulk of
the 2018 maturity consists of the senior secured term loan due
2018.  Of the amounts due in 2019, the $1 billion 7% senior
unsecured notes and the $375 million 9.875% senior unsecured notes
are subject to an exchange offer.  The $1 billion 7.25% senior
notes due 2021 are subject to the same offer.  The $500 million
7.25% senior unsecured notes due 2020 are subject to another
offer.



ARCHDIOCESE OF MILWAUKEE: Judge Approves Disclosure Statement
-------------------------------------------------------------
Tom Corrigan, writing for The Wall Street Journal, reported that
clergy sexual abuse victims will soon begin voting on a $21 million
settlement, which the Roman Catholic Archdiocese of Milwaukee hopes
will put its nearly five-year-old Chapter 11 case to rest.

According to the report, Judge Susan Kelley of the U.S. Bankruptcy
Court in Milwaukee on Sept. 30 approved a plain-language version of
the archdiocese's Chapter 11 reorganization plan, at the heart of
which is the settlement.  Judge Kelley, according to the Journal,
will consider the plan itself at a Nov. 9 hearing.

As previously reported by The Troubled Company Reporter on Aug. 26,
2015, the Archdiocese filed a bankruptcy reorganization plan,
formalizing a recent settlement deal that will divvy up $21 million
among more than 300 victims of clergy sex abuse.  The settlement
had been a sticking point that stalled a previous reorganization
plan filed last year, but this agreement should conclude a
yearslong process that has revealed the scope of the Milwaukee
organization's involvement in a widespread clergy sex abuse scandal
that has rocked the church.

Under terms of the deal, 330 abuse survivors will share $21
million, and a $500,000 therapy fund will be established for
ongoing counseling, the Associated Press related.  All of the
archdiocese's parishes, schools and institutions, meanwhile, would
be protected from lawsuits related to past abuse claims, the AP
noted.

              About the Archdiocese of Milwaukee

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

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

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

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

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

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


AUBURN TRACE: Hearing on Exclusivity Extension Continued Oct. 6
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida
continued to Oct. 6, 2015, at 10:00 a.m., the hearing to consider
Auburn Trace, Ltd.'s motion to extend its exclusive periods to file
and solicit acceptances for the plan of reorganization.

The City of Delray Beach, holder of claims in Class 2 and Class 3,
requested that the Debtor not be granted any further extension of
the exclusive period to solicit acceptances of the Plan and that
the City be allowed to file its own Plan.  The Debtor owes the City
in excess of $9,500,000.

The Debtor, in its motion, asked that the Court extend the
exclusive solicitation period until Oct. 19, 2015.  The Court, on
Aug. 12, extended until Sept. 4, the Debtor's solicitation period.

The City is represented by:

         Robert C. Furr, Esq.
         FURR AND COHEN P.A.
         2255 Glades Road, Suite 337W
         Boca Raton, FL 33431
         Tel: (561) 395-0500
         Fax: (561)338-7532

                        About Auburn Trace

Auburn Trace filed a Chapter 11 bankruptcy petition (Bank. S.D.
Fla. Case No. 15-10317) on Jan. 7, 2015.  The petition was signed
by Brian J. Hinners as president.  The Debtor disclosed $9.61
million  in assets and $9.54 million in liabilities as of the
Chapter 11 filing.  The case is assigned to Judge Paul G. Hyman,
Jr. Bradley S Shraiberg, Esq., at Shraiberg, Ferrara & Landau,
P.A., serves as the Debtor's counsel.

The Debtor's reorganization plan allows (i) its owners to retain
control of the company in exchange for a $200,000 contribution, and
(ii) unsecured creditors to recover 100 cents on the dollar if they
wait for payments that begin 2 years from now, or 65 cents on the
dollar if they want payment immediately after confirmation.
Funds to be used to make cash payments under the Plan will be
derived from the Debtor's monthly income, and from the new value
payment estimated to range from $192,719 to $219,714 from owners
Auburn Trace Joint Venture and Brian J. Hinner's.

The U.S. Trustee notified the U.S. Bankruptcy Court that until
further notice, it will not appoint a committee of creditors.


BERNARD L. MADOFF: Judge to Deny Customers' Bid to Intervene
------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that a New York
bankruptcy judge indicated on Sept. 30, 2015, that he would likely
deny a bid from a group of Bernie Madoff's former customers to
intervene in a clawback suit that's set for trial next month,
suggesting the request was a tactical move to allow for quick
appeals over issues related to how much is at stake in the cases.

Irving Picard, the trustee for Bernard L. Madoff Investment
Securities LLC, filed the adversary suits.

                    About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New
York granted the application of the Securities Investor Protection
Corporation for a decree adjudicating that the customers of BLMIS
are in need of the protection afforded by the Securities Investor
Protection Act of 1970.  The District Court's Protective Order (i)
appointed Irving H. Picard, Esq., as trustee for the liquidation
of
BLMIS, (ii) appointed Baker & Hostetler LLP as his counsel, and
(iii) removed the SIPA Liquidation proceeding to the Bankruptcy
Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789) (Lifland, J.).  Mr.
Picard has retained AlixPartners LLP as claims agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport
Charitable Remainder Unitrust, Martin Rappaport, Marc Cherno, and
Steven Morganstern -- assert US$64 million in claims against  Mr.
Madoff based on the balances contained in the last statements they
got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).  The Chapter 15 case was later
transferred to Manhattan.  In June 2009, Judge Lifland approved
the
consolidation of the Madoff SIPA proceedings and the bankruptcy
case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to 150
years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced  distributions to victims.  As of the end
of May 2015, the SIPA Trustee has recovered more than $10.699
billion and has distributed approximately $7.576 billion.  When
additional settlements awaiting distribution are taken into
account, the recovery in the Madoff liquidation proceeding totals
$10.734 billion.


BOOMERANG SYSTEMS: Debtor, Committee Object Chapter 7 Conversion
----------------------------------------------------------------
Boomerang Systems, Inc., et. al., and the Official Committee of
Unsecured Creditors are opposing the motion filed by Campus
Acquisitions 308 Green, LLC ("Champaign Owner") and HERE Lawrence
Property Owner, LLC ("Lawrence Owner") asking the U.S. Bankruptcy
Court for the District of Delaware to have the Debtors' Chapter 11
cases converted to Chapter 7 cases.

The Debtors contend that they are finalizing their business plan,
raising exit funding and have the statutory right to file a Chapter
11 plan that maximizes value for all creditors, not just the
Owners.  The Debtors further contend that via their business plan,
they will have the ability to confirm a plan that will benefit
creditors and stakeholders as a whole.  They assert that because
these cases are in the initial stages and there is no fraud or
mismanagement, the motion filed by Champaign Owner and Lawrence
Owner must be denied to permit the Debtors to reach their goals and
emerge from Chapter 11 for the benefit of all.

Counsel to the Official Committee of Unsecured Creditors, Anthony
M. Saccullo, Esq., at A.M. Saccullo Legal, LLC, in Bear, Delaware,
tells the Court that the Owners' Motion to Convert is premature as
it was filed less than a week after the Committee retained
professionals in the cases.  Mr. Saccullo further tells the Court
that the Debtors' deadline to submit a business plan for
consideration by the postpetition secured lenders and the
Committee, is not set to expire until after the hearing currently
scheduled on the Motion to Convert.

The Committee notes that the Debtors submitted their Schedules of
Assets and Liabilities and Statement of Financial Affairs on Sept.
18, 2015.  Mr. Saccullo contends that the Committee and its
retained professionals have had only a limited opportunity to
review the facts and circumstances surrounding the Debtors’ cases
and their potential to reorganize through these bankruptcy cases.

The Debtors' attorneys can be reached at:

          Joseph J. McMahon, Jr., Esq.
          CIARDI, CIARDI & ASTIN
          1204 N. King Street
          Wilmington, DE 19801
          Telephone: (302)658-1100
          Facsimile: (302)658-1300
          E-mail: jmcmahon@ciardilaw.com

                 - and -

          Jeffrey R. Gleit, Esq.
          SULLIVAN & WORCESTER LLP
          1633 Broadway
          New York, NY 10019
          Telephone: (212)660-3043
          Facsimile: (212)660-3001
          E-mail: jgleit@sandw.com

The Official Committee of Unsecured Creditors is represented by:

          Anthony M. Saccullo, Esq.
          Thomas H. Kovach, Esq.
          A.M. SACCULLO LEGAL, LLC
          27 Crimson King Drive
          Bear, DE 19701
          Telephone: (302)836-8877
          Facsimile: (302)836-8787
          E-mail: ams@saccullolegal.com
                  kovach@saccullolegal.com

                      About Boomerang Systems

Headquartered in Morristown, New Jersey, Boomerang Systems, Inc.
(Pink Sheets: BMER) through its wholly owned subsidiary, Boomerang
Utah, is engaged in the design, development, and marketing of
automated racking and retrieval systems for automobile parking and
automated racking and retrieval of containerized self-storage
units.

Boomerang Systems, Inc., and three affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 15-11729) on Aug. 18,
2015.

The Company has engaged the law firms Togut, Segal & Segal LLP as
general bankruptcy counsel, Ciardi, Ciardi & Astin as local
bankruptcy counsel, and Garden City Group, LLC, as claims and
noticing agent.  In addition, the Company has retained the law firm
Berg & Androphy, which filed a lawsuit on Aug. 18, 2015 in the
Southern District of New York against the Company's defaulting
lender.

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.



BOOMERANG SYSTEMS: Owners Say Conversion Necessary
--------------------------------------------------
Campus Acquisitions 308 Green, LLC ("Champaign Owner") and HERE
Lawrence Property Owner, LLC ("Lawrence Owner") filed a motion
asking the U.S. Bankruptcy Court for the District of Delaware to
convert the Chapter 11 cases of Boomerang Systems, Inc. and its
affiliated debtors to Chapter 7 cases.

The Owners tell the Court that conversion is necessary because the
cases are not chapter 11 cases.  They contend that the Debtors
propose to run a chapter 11 reorganization process with virtually
no income, no projected income during the Cases, and no plans to
generate future income.  The Owners further contend that the
Debtors propose simply to hand the company back to existing
insiders consisting of equity and management, the very persons and
entities who ran the business when it entered into the loss-leading
contracts that the Debtors now seek to reject.  The Owners assert
that there is no chance the Debtors rehabilitate as a viable entity
while providing an equitable return to creditors.

BrickellHouse Holdings LLC and Parking Source LLC concurred with
the Owners' allegation that the Debtors' management should not be
entrusted with discharging the fiduciary duties of administering
the cases.  They contend that the ability to successfully maximize
economic value from Debtors' assets will ultimately be dependent on
the successful performance of the RoboticValet system, which has
been installed at the BrickellHouse Parking Facility, but is not
yet fully operational.  They ask the Court for specific, targeted
relief to adequately protect BrickellHouse's and Parking Source's
interests, avoid unnecessary prejudice and, in doing so, preserve
the economic benefits of the technological know-how incorporated
into the Robotic Valet system that would further the interests of
all creditors.

Campus Acquisitions 308 Green, LLC and HERE Lawrence Property
Owner, LLC, are represented by:

          Christopher A. Ward, Esq.
          Jarrett Vine, Esq.
          Rachel L. Biblo, Esq.
          POLSINELLI PC
          222 Delaware Avenue, Suite 1101
          Wilmington, DE 19801
          Telephone: (302)252-0920
          Facsimile: (302)252-0921
          E-mail: cward@polsinelli.com
                  jvine@polsinelli.com

                   - and -

          Jerry L. Switzer, Jr., Esq.
          Anthony C. Porcelli, Esq.
          POLSINELLI PC
          161 N. Clark St., Suite 4200
          Chicago, IL 60601
          Telephone: (312)819-1900
          Facsimile: (312)819-1910
          E-mail: jswitzer@polsinelli.com
                  aporcelli@polsinelli.com

BrickellHouse Holdings and Parking Source are represented by:

          John D. Demmy, Esq.
          STEVENS & LEE, P.C.
          1105 N. Market Street, 7th Floor
          Wilmington, DE 19801
          Telephone: jdd@stevenslee.com

                 - and -

          Leonard P. Goldberger, Esq.
          STEVENS & LEE, P.C.
          620 Freedom Business Center
          King of Prussia, PA 19406
          Telephone: (610)478-2000
          E-mail: lpg@stevenslee.com

                     About Boomerang Systems

Headquartered in Morristown, New Jersey, Boomerang Systems, Inc.
(Pink Sheets: BMER) through its wholly owned subsidiary, Boomerang
Utah, is engaged in the design, development, and marketing of
automated racking and retrieval systems for automobile parking and
automated racking and retrieval of containerized self-storage
units.

Boomerang Systems, Inc., and three affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 15-11729) on Aug. 18,
2015.

The Company has engaged the law firms Togut, Segal & Segal LLP as
general bankruptcy counsel, Ciardi, Ciardi & Astin as local
bankruptcy counsel, and Garden City Group, LLC, as claims and
noticing agent.  In addition, the Company has retained the law firm
Berg & Androphy, which filed a lawsuit on Aug. 18, 2015 in the
Southern District of New York against the Company's defaulting
lender.  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.



BPZ RESOURCES: Court Approves Ferrero Abogados as Peruvian Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors for BPZ Resources
Inc. obtained authority from the U.S. Bankruptcy Court for the
Southern District of Texas to retain Ferrero Abogados as Peruvian
Counsel effective from May 14, 2015.

The firm will provide, among other things, legal services in areas
unique to Peruvian law as required in the Debtor's Chapter 11
case.

The firm is entitled to receive compensation at these hourly
rates:

   Billing Category      Hourly Rate
   ----------------      -----------
   Partners                 $250
   Senior Associates        $200
   Associates               $150

Guillermo Ferrero, Esq., attorney at the firm, assured the Court
that the firm is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code.

Mr. Ferrero can be reached at:

   Guillermo Ferrero, Esq.
   Ferrero Abogados
   Av. Victor Andres Belaunde 395, San Isidro
   Lima, Peru
   Tel: (511) 513-7200
   Email: gferrero@ferrero.com.pe

                    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.


BPZ RESOURCES: Plan Offers Up to 18% Recovery for Unsecureds
------------------------------------------------------------
BPZ Resources, which has sold its equity interests in subsidiaries
and certain assets for $9 million, has filed a Chapter 11
liquidating plan that promises a recovery of 10.7% to 18.0 percent
to general unsecured creditors owed $227 to $229 million.

BPZ's Plan, as amended Sept. 25, provides that:

   * Holders of these claims are unimpaired and will receive
payment in full, in cash:

    -- Administrative claims (Unclassified) estimated at $11
million to $15 million,
    -- Priority tax claims (Unclassified) estimated at $20,000,
    -- Priority non-tax claims (Class 1) estimated at $29,000, and
    -- Secured claims (Class 2) estimated at $0.

   * General unsecured claims (Class 3) estimated at $227 million
to $229 million are impaired, and will have a recovery of 10.7
percent to 18.0 percent.  The claims under 6.5% Convertible Notes
due 2015 will be allowed in the aggregate amount of $61,922,933,
and the claims under the 8.5% Convertible Notes Due 2017 will be
allowed in the aggregate amount of $165,108,105.  Holders of the
general unsecured claims will each receive a pro rata share of the
interests in the liquidating trust.  Each holder of a Class 3 claim
that is not a noteholder claim is permitted to make a "convenience
election" to reduce its claim to $3,000 and will receive, in lieu
of liquidating trust interests, a one-time payment in cash of 20
percent of the allowed amount of the claim.  

   * Holders of subordinated claims (Class 4), equity interests
(Class 5) and intercompany claims (Class 6) won't receive
anything.

The Debtor filed its Disclosure Statement on Sept. 9, and filed a
revised Disclosure Statement on Sept. 25 to disclose the estimated
allowed claims for each classes and the estimated recovery for
unsecured creditors.

Only general unsecured creditors in Class 3 are entitled to vote on
the Plan.  Classes 1 and 2 are deemed to accept the Plan.  Classes
4, 5 and 6 are deemed to reject the Plan.

An auction in June 30 and July 1 provided the Debtor sale proceeds
of $9.25 million.  The Debtor intends to sell three GE LM 6000 PD
Sprint turbines (the "Turbine Assets").  In August, the Debtor
obtained approval to hire Thomassen Amcot International LLC and
Axford Consulting LP, as non-exclusive brokers in connection with a
sale of the Turbine Assets.  Through the marketing of the Turbine
Assets, the Debtor hopes to consummate a transaction that will
increase creditor recoveries.

The Plan provides that on the effective date, the remaining assets
of the Debtor will be transferred to a liquidating trust.  The
liquidating trustee will administer all remaining property of the
Debtor's estate and will prosecute or settle causes of action for
the benefit of general unsecured creditors.  The trustee will
establish the necessary reserves for disputed claims.

BPZ also filed a motion seeking conditional approval of the
Disclosure Statement -- in order to immediately solicit Plan votes
-- and a combined hearing on final approval of the Disclosure
Statement and confirmation of the Plan, in an effort to minimize
the administrative costs associated with a two-stage plan
confirmation process.

The Bankruptcy Court was scheduled to tackle the request for
conditional approval at the Oct. 1 hearing.

A copy of the Amended Disclosure Statement filed Sept. 25, 2015, is
available for free at:

            http://bankrupt.com/misc/BPZ_R_336_Am_DS.pdf

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

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;
Opportune LLP, as restructuring advisor; Baker Hostetler, as the
audit committee's special counsel; and Kurtzman Carson Consultants
as claims and noticing agent.

The U.S. trustee overseeing the Chapter 11 case appointed five
creditors of the company to serve on the official committee of
unsecured creditors.  The Committee has retained Akin Gump Strauss
Hauer & Feld LLP as legal counsel, and Blackstone Advisory Partners
L.P. as its financial advisor.

                           *     *     *

Following an auction on June 30 to July 1, the Debtor won court
approval, and has closed, the sale of its equity interests in its
non-debtor subsidiaries for $8,500,000 to Zedd Energy Holdco Ltd.
The Debtor also sold assets relating to the onshore blocks in
northwestern Peru, all equity interests in the power generation
subsidiary EENE and, subject to Ecuadorian government approval and
applicable rights of first refusal, all equity interests in SMC
Ecuador, Inc., for $750,000 million to Zorritos Peru Holdings,
Inc.

The Debtor on July 30, 2015, won approval to implement a key
employee retention plan and a key employee incentive plan and to
pay severance claims to certain critical employees.

On Sept. 7, 2015, the Debtor and the Committee filed an agreed
order extending the exclusive period to solicit acceptances of a
chapter 11 plan through Oct. 23, 2015.  The Court entered the
agreed order on Sept. 8.

The Debtor a Plan of Liquidation on Sept. 8, 2015, and then an
Amended Plan on Sept. 25, 2015.


BPZ RESOURCES: Selects Axford Consulting to Sell Turbine Assets
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas
authorized BPZ Resources Inc. to employ Axford Consulting LP and
Thomassen Amcot International LLC as its broker, on a non-exclusive
basis, in connection with a sale of the three GE LM 6000 PD Sprint
turbines owned by a non-debtor subsidiary ("Turbine Assets").

According to the court document, the Debtor on June 8, 2015, filed
a motion seeking to, among other things, sell substantially all of
the equity interests the Debtor owned in its non-debtor
subsidiaries and take actions to purchase the Turbine Assets.  On
June 12, 2015, the Court entered an order authorizing the Debtor's
purchase of the Turbine Assets and approving bidding procedures in
connection with an equity sale.  On July 8, 2015, the Court entered
an order approving the sale of substantially all of the Debtor's
assets, excluding the Turbine Assets, pursuant to a series of
transactions  in accordance with the sale order.  The sale
transactions closed on July 30 and July 31, 2015.

The Turbine Assets are currently owned by the Debtor, and are among
the Debtor's most valuable remaining assets.

The Debtor said the firm will be entitled to a fee from the sale
proceeds.  The Fee is based on a percentage of the aggregate gross
sales price for the Turbine Assets, net of necessary site
inspection, diligence, and transportation costs borne by the
prospective buyers of the Turbine Assets and any applicable taxes.
The specific percentages of compensation at different price levels
were heavily negotiated, are confidential, and disclosing those
ranges would prejudice the sale efforts for the Turbine Assets.
The Fee is the only compensation the firm is entitled to receive,
the Debtor added.

Mark Axford, president of Axford Consulting, assured the Court that
the firms are "disinterested person" as defined in Section 101(14)
of the Bankruptcy Code.

Mr. Axford can be reached at:

   Mark Axford
   Axford Consulting LP
   108 Nicholson Street
   Houston, Texas 77008
   Tel: 713-802-9654
   Email: maxford@axfordconsulting.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.


BRANTLEY LAND: Harper Terminated as Receiver and Accountant
-----------------------------------------------------------
Judge John S. Dalis of the U.S. Bankruptcy Court for the Southern
District of Georgia, Brunswick Division, ordered the termination of
Jerry W. Harper and his accounting firm Schell & Hogan LLP as
receiver and accountant and the appointment of a Chapter 11 Trustee
in the Chapter 11 case of debtor Bradley Land & Timber Company,
LLC.

The Debtor had filed an amended application for the continued
employment of Mr. Harper and his accounting firm as receiver and
accountant.  The Application was objected to by the United States
Trustee for Region 21.

Judge Dalis held that as the Debtor's prepetition receiver, Mr.
Harper should not be granted power to control the Debtor
postpetition.  Due to their status as insiders, Judge Dalis further
held that Mr. Harper and his accounting firm, are not disinterested
persons and may not serve as accountants for the Debtor.

               About Brantley Land & Timber Company

Brantley Land & Timber Company, LLC, a real estate developer in
Brantley County, Georgia, has filed a Chapter 11 bankruptcy
petition (Bankr. S.D. Ga. Case No. 15-20584) in Brunswick, Georgia,
on July 16, 2015.

The Debtor, which is controlled by the receiver, tapped McCallar
Law Firm as counsel.

The U.S. Trustee for Region 21 is not attempting to form a
committee of unsecured creditors in the Chapter 11 case of the
Debtor, at this time.



BRANTLEY LAND: R. Michael Souther Appointed as Chapter 11 Trustee
-----------------------------------------------------------------
Guy G. Gebhardt, Acting United States Trustee for Region 21, has
named R. Michael Souther as Chapter 11 Trustee for debtor Brantley
Land & Timber Company, LLC.

The appointment of Mr. Souther as Chapter 11 Trustee ensued after
Judge John S. Dalis's order directing the Acting United States
Trustee to appoint a Chapter 11 Trustee.

The Chapter 11 Trustee can be reached at:

          R. Michael Souther
          P.O. Box 978
          Brunswick, Georgia 31521
          Tel: (912) 265-5544
          E-mail: msouther@mikesoutherlaw.com

Mr. Souther tells the Court that he has no connections with the
Debtor, creditors, and any other parties in interest, their
respective attorneys and accountants, the United States Trustee, or
any person employed in the office of the United States Trustee,
other than being a member of the panel of chapter 7 trustees in the
Southern District of Georgia, said trustees being appointed and
supervised by the Office of the United States Trustee.

Guy G. Gebhardt, Acting United States Trustee for Region 21, is
represented by:

          Matthew E. Mills, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          2 East Bryan Street, Suite 725
          Savannah, GA 31401
          Telephone: (912)652-4112

                   About Brantley Land & Timber

Brantley Land & Timber Company, LLC, a real estate developer in
Brantley County, Georgia, has filed a Chapter 11 bankruptcy
petition (Bankr. S.D. Ga. Case No. 15-20584) in Brunswick, Georgia,
on July 16, 2015.

The Debtor, which is controlled by the receiver, tapped McCallar
Law Firm as counsel.

The U.S. Trustee for Region 21 is not attempting to form a
committee of unsecured creditors in the Chapter 11 case of the
Debtor, at this time.



BUILD MODERN: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Build Modern Inc.
           dba NCM
           dba Next Century Modern
        3514 West Government Way
        Seattle, WA 98199

Case No.: 15-15855

Chapter 11 Petition Date: September 30, 2015

Court: United States Bankruptcy Court
       Western District of Washington (Seattle)

Judge: Hon. Christopher M Alston

Debtor's Counsel: Michael M Feinberg, Esq.
                  KARR TUTTLE CAMPBELL
                  701 5th Ave Ste 3300
                  Seattle, WA 98104
                  Tel: 206-223-1313
                  Email: mfeinberg@karrtuttle.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Rick Ward, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/wawb15-15855.pdf


CACHE INC: Has Until Dec. 31 to File Remove Actions
---------------------------------------------------
The Hon. Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware extended until Dec. 31, 2015, Cache Inc.'s
period to file notices of removal of the actions.

Cache, Inc., which operates 236 women's apparel specialty stores
under the trade name "Cache," 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.


CACHE INC: Sept. 30 Fixed as Administrative Claims Bar Date
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware Cache Inc.
established Sept. 30, 2015, as the deadline for any person or
entity to file administrative expense claim arising on or after
Feb. 4, 2015.

Proofs of claim must be submitted to:

         Cache Inc. Claims Processing Center
         c/o KCC
         2335 Alaska Avenue
         El Segundo, CA 90245

                        About Cache, Inc

Cache, Inc., which operates 236 women's apparel specialty stores
under the trade name "Cache," 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.


CAL DIVE: Needs Until Dec. 31 to File Plan
------------------------------------------
Cal Dive International, Inc., et al., ask the United States
Bankruptcy Court for the District of Delaware to extend the period
by which they have exclusive right to file a Chapter 11 plan
through and including December 31, 2015, and the period by which
they have exclusive right to solicit votes on that plan through and
including February 29, 2016.

The Debtors tell the Court that an extension of the exclusivity
periods will provide them with adequate time to complete their
restructuring initiatives while the Chapter 11 case is administered
as efficiently as possible for the benefit of their stakeholders
and other parties in interest.  Terminating the exclusivity periods
could substantial, if not irreparable, harm to the efforts to
preserve and maximize the value the estates because it would
distract the estate professionals from their current efforts to
conclude these cases in an efficient manner and would result in the
incurrence of substantial fees that the estates cannot bear, the
Debtors add.

The Debtors are represented by:

          Mark D. Collins, Esq.
          Michael J. Merchant, Esq.  
          Amanda R. Steele, Esq.  
          RICHARDS, LAYTON & FINGER, P.A.
          One Rodney Square
          920 North King Street
          Wilmington, Delaware 19801
          Tel: (302) 651-7700
          Fax: (302) 651-7701
          Email: collins@rlf.com  
                 merchant@rlf.com
                 steele@rlf.com

             -- and --

          George A. Davis, P.C., Esq.  
          Andrew M. Parlen, P.C., Esq.   
          Daniel S. Shamah, P.C., Esq.   
          MELVENY & MYERS LLP
          Times Square Tower
          Seven Times Square
          New York, NY 10036
          Tel: (212) 326-2000
          Fax: (212) 326-2061
          Email: gdavis@omm.com
                 aparlen@omm.com
                 dshamah@omm.com

            -- and --        

         Suzzanne S. Uhland, P.C., Esq.   
         O'MELVENY & MYERS LLP
         Two Embarcadero Center
         28th Floor
         San Francisco, CA 94111
         Tel: (415) 984-8700
         Fax: (415) 984-8701
         Email: suhland@omm.com

                         About Cal Dive

Houston, Texas-based marine contractor Cal Dive International,
Inc., provides manned diving, pipelay and pipe burial, platform
installation and salvage, and light well intervention services to
the offshore oil and natural gas industry on the Gulf of Mexico
OCS, Northeastern U.S., Latin America, Southeast Asia, China,
Australia, West Africa, the Middle East, and Europe.  Cal Dive and
its U.S. subsidiaries filed simultaneous voluntary petitions
(Bankr. D. Del. Lead Case No. 15-10458) on March 3, 2015.

Through the Chapter 11 process, the Company intends to sell non-
core assets and intends to reorganize or sell as a going concern
its core subsea contracting business.

Cal Dive disclosed total assets of $571 million and total debt of
$411 million as of Sept. 30, 2015.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel,
O'Melveny & Myers LLP, as co-counsel; Jones Walker Jones Walker
LLP as corporate counsel; and Kurtzman Carson Consultants, LLC, as
claims and noticing agent.  The Debtors also tapped Carl Marks
Advisory Group LLC as crisis managers and appoint F. Duffield
Meyercord as chief restructuring officer.

The U.S. Trustee for Region 3 amended the committee of unsecured
creditors in the case from five-member committee to four members.
The Committee retained Akin Gump Strauss Hauer & Feld LLP and
Pepper Hamilton LLP as co-counsel; and Guggenheim Securities, LLC
as exclusive investment banker.

Cal Dive Offshore Contractors, Inc., disclosed total assets of
$233,273,806 and $311,339,932 in liabilities as of the Chapter 11
filing.


CALFRAC HOLDINGS: Moody's Cuts Corporate Family Rating to 'B3'
--------------------------------------------------------------
Moody's Investors Service downgraded Calfrac Holdings, LP's
Corporate Family Rating (CFR) to B3 from B2 and its Probability of
Default Rating to B3-PD from B2-PD. Moody's also downgraded
Calfrac's senior unsecured notes to Caa1 from B3. The Speculative
Grade Liquidity Rating was lowered to SGL-3 from SGL-2. The outlook
remains negative.

"The downgrade reflects the sharp and sustained decline in
Calfrac's EBITDA that will lead to a significant increase in
leverage this year and next," said Paresh Chari, Moody's Analyst.

Downgrades:

Issuer: Calfrac Holdings, LP

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

Corporate Family Rating, Downgraded to B3 from B2

Senior Unsecured Regular Bond/Debenture, Downgraded to Caa1(LGD4)
from B3(LGD5)

Ratings Lowered:

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

Outlook Actions:

Issuer: Calfrac Holdings, LP

Outlook, Remains Negative

RATINGS RATIONALE

Calfrac's B3 Corporate Family Rating (CFR) considers the very
difficult conditions in the pressure pumping sub-sector which will
cause leverage to spike above 10x through 2016, but could moderate
to below 7x in 2017 with commodity price improvement. Calfrac has
limited fleets under contract increasing exposure to drilling
activity and as a result has temporarily idled almost half of its
fleet in Canada and the United States. Calfrac is also spending
growth capex in 2015 that is directed towards new equipment that is
not under contract. The rating favorably considers the company's
cost cutting measures that will improve margins, the dividend
reductions, its increasing international exposure, and its high
quality mobile equipment fleet, technical expertise and strong
customer relationships.

The Speculative Grade Liquidity Rating of SGL-3 reflects adequate
liquidity through September 30, 2016. At June 30, 2015, Calfrac had
C$66 million in cash and about C$306 million available, after C$38
million of letters of credit, under its C$400 million revolving
credit facilities due September 2018. Cash on hand and drawings
under the revolver will help Calfrac to fund the next 15 months of
negative free cash flow of about C$140 million through September
30, 2016. The company's ability to comply with its total debt to
capitalization covenant (not to exceed 70%) is less certain should
the company take a significant write down over this period. The
company has no significant debt maturities until 2020 when the
US$600 million notes are due. Alternative liquidity is limited
given that all North American assets are pledged to the revolver
lenders.

Calfrac's revolving credit facility is secured by a first priority
lien on substantially all of Calfrac's North American assets, but
excludes assets in Russia, Mexico and Argentina. Calfrac Holdings,
LP senior notes are unsecured. Under Moody's LGD methodology, the
size of the priority ranking senior secured revolver (unrated)
results in a notching down of the senior unsecured notes to Caa1,
one notch below the B3 CFR.

The negative outlook reflects our expectation that credit metrics
will remain weak over the next 12 to 18 months as a result of an
industry decline in well completions. The outlook could be changed
to stable if EBITDA appeared likely to improve from expected
levels.

The rating could be downgraded if Calfrac's EBITDA to interest
approaches 1x or if liquidity becomes weak.

The ratings could be upgraded if debt to EBITDA appeared to be
sustainable around 6x and if EBITDA to interest was above 2.5x.

Calfrac Holdings, LP, an indirectly wholly owned subsidiary of
Calfrac Well Services Ltd. Calfrac Well Services Ltd. is a Calgary,
Alberta-based provider of hydraulic fracturing services to
exploration and production (E&P) companies.



COMSTOCK MINING: CEO De Gasperis Named Executive Chairman
---------------------------------------------------------
Comstock Mining Inc. announced that Corrado De Gasperis has been
appointed executive chairman of the Board, in addition to his
existing responsibilities as President & CEO.  Mr. De Gasperis is
assuming the role as Mr. John Winfield resigns his position as a
member and Chairman of the Board.

Corrado De Gasperis, president & CEO, commented, "I join the entire
board in thanking John for the past five years, for both supporting
the tremendous progress made in establishing this landmark
platform, where many thought it not possible, and most recently for
supporting a watershed restructuring.  The restructuring
strengthened our balance sheet by significantly reducing
liabilities on some of our richest properties, improved our
liquidity and dramatically lowered our future capital and mining
costs."

The Company's Board now consists of five members, four independent
directors plus Mr. De Gasperis.  Robert C. Kopple has also been
elected, by the Board, as Lead Independent Director and Vice
Chairman, effective immediately.

Chairman John V. Winfield commented, "I could not be prouder,
despite significant obstacles, with the tremendous achievements of
consolidating an unprecedented land position, properly zoned and
permitted, in a world-class silver and gold district, with minimal
royalty commitments and an existing low-cost operating platform
while now drilling and developing multiple, high-grade targets.
These achievements, coupled with a simpler, more efficient capital
structure that equally aligns all shareholders, provides a clear
path for maximizing the intrinsic value of the Company's precious
metals, real estate and the unique, historical Comstock brand."

Mr. De Gasperis concluded, "These board changes reflect the strong
confidence and direct support of our largest investor in both our
board and management teams for growing and maximizing value for all
of our shareholders."

                       About Comstock Mining

Virginia City, Nev.-based Comstock Mining Inc. is a Nevada-based,
gold and silver mining company with extensive, contiguous property
in the historic Comstock district.  The Company began acquiring
properties in the Comstock District in 2003.  Since then, the
Company has consolidated a substantial portion of the Comstock
district, secured permits, built an infrastructure and brought the
exploration project into test mining production.  The Company
continues acquiring additional properties in the Comstock
district, expanding its footprint and creating opportunities for
exploration and mining.  The goal of the Company's strategic plan
is to deliver stockholder value by validating qualified resources
(measured and indicated) and reserves (probable and proven) of
3,250,000 gold equivalent ounces by 2013, and commencing
commercial mining and processing operations by 2011, with annual
production rates of 20,000 gold equivalent ounces.

Comstock Mining reported a net loss available to common
shareholders of $13.3 million in 2014, a net loss available
to common shareholders of $25.4 million in 2013 and a
net loss available to common shareholders of $35.1 million in
2011.

As of June 30, 2015, the Company had $48.8 million in total assets,
$26.8 million in total liabilities and $22 million in total
stockholders' equity.


CONCORDIA HEALTHCARE: S&P Affirms 'B' CCR, Outlook Positive
-----------------------------------------------------------
Standard & Poor's Ratings Services affirmed the 'B' corporate
credit rating on Concordia Healthcare Corp.  At the same time, S&P
revised the outlook to positive from stable.

Additionally, S&P assigned a 'B+' issue-level rating to the
company's new $2.075 billion first-lien credit facilities.  The
recovery rating on the facility is '2', which reflects S&P's
expectation for substantial (70% to 90%, at the low end of the
range) recovery in the event of a payment default.

The first-lien facilities consist of a $200 million revolving
credit facility, a $1.1 billion term loan, and a GBP500 million
term loan.  S&P also assigned a 'CCC+' issue-level rating to the
company's proposed $950 million unsecured credit facilities.  The
recovery rating on the facility is '6', which reflects S&P's
expectation for negligible (0% to 10%) recovery in the event of a
payment default.

"Our rating affirmation reflects our expectation that the Amdipharm
acquisition will improve Concordia's business risk by increasing
its scale, diversity, and stability, but result in higher
leverage," said Standard & Poor's credit analyst Tulip Lim. "The
outlook revision to positive is based on our expectation that
leverage will trend downward as a result of continued growth from
both companies.  Additionally, we expect the combined company will
produce meaningful cash flow because of the company's high margins
and limited capital expenditures."

The company will use proceeds of the new debt to finance the
acquisition of Amdipharm, refinance certain existing debt, and pay
related fees and expenses.



CRP-2 HOLDINGS: Can Use Cash Collateral Until Jan. 15
-----------------------------------------------------
Judge Ronald R. Cassing of the United States Bankruptcy Court for
the Northern District of Illinois, Eastern Division, gave CRP-2
Holdings AA, L.P., interim authority to use cash collateral through
and including January 15, 2016.

The court overruled any objections to the Debtor's use of cash
collateral.  The court also granted U.S. Bank National Association
payment of monthly adequate protection of $660,000.

A hearing to consider the continued use of cash collateral is
scheduled for December 1, 2015.

                             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: Closes 10 Million Common Shares Offering
-------------------------------------------------------
CTI BioPharma Corp. issued on Sept. 29, 2015, 10,000,000 shares of
common stock to certain affiliates of BVF Partners L.P. at a
purchase price per share of $1.57.  The shares were issued pursuant
to a Subscription Agreement dated Sept. 24, 2015.

The Offering was made pursuant to the Company's shelf registration
statement on Form S-3 (File No. 333-200452), as supplemented by the
prospectus supplement filed with the Securities and Exchange
Commission on Sept. 24, 2015.

                       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.


CURTIS JAMES JACKSON: Fights to Keep Underwear Deal Confidential
----------------------------------------------------------------
Katy Stech, writing for The Wall Street Journal, reported that
lawyers for rapper 50 Cents, whose real name is Curtis James
Jackson III, are asking permission from a bankruptcy court to keep
the full financial details of the rapper's underwear endorsement
deal with Frigo RevolutionWear brand under wraps.

According to the Journal, Mr. Jackson's lawyers said, "No
entertainer wants the terms of its endorsement contracts made
public because the results of that disclosure would be disastrous
by giving competitors an unfair advantage in allowing them to
undercut the financial terms of the entertainer's endorsement
deals."  The lawyers added that the underwear deal keeps Mr.
Jackson associated "with the luxury end of the consumer market and
provides [him] with a potential upside that will help pay back his
creditors."

Curtis James Jackson, III, aka 50 Cent, filed for Chapter 11
bankruptcy protection (Bankr. D. Conn. Case No. 15-21233) on July
13, 2015.


DEX MEDIA: Skips $18MM Interest Payment on $261MM in Bond Debt
--------------------------------------------------------------
Carmen Germaine at Bankruptcy Law360 reported that Yellow Pages
publisher Dex Media Inc. skipped an approximately $18 million
interest payment due on $261 million in bond debt while its
creditors have begun considering a restructuring of the company's
credit facilities, according to a Sept. 30, 2015 regulatory
filing.

Dex Media, the product of a 2013 merger through the twin bankruptcy
cases of SuperMedia and Dex One, revealed in a Form 8-K filed with
the U.S. Securities and Exchange Commission that it had elected not
to make an interest payment of nearly $18 million due on Sept. 30,
on $261 million in senior subordinated notes.  The yellow-pages
company has until Oct. 30 to make the payment on the bonds before
it becomes a default, the Wall Street Journal reported, citing the
Sept. 30 regulatory filing.

Dex Media's senior lenders have joined together, hiring Houlihan
Lokey as their financial adviser and lawyers at Milbank, Tweed,
Hadley & McCloy, to negotiate a possible restructuring of more than
$2 billion in senior loan debt, Dex said, the Journal related.

                     About Dex Media Inc.

Dex Media, Inc., is a provider of social, local and mobile
marketing solutions for local businesses. The Company provides
marketing solutions that include Websites, print, mobile, search
engine and social media solutions. The Company?s brands include
Dex One and SuperMedia. Through both brands, it delivers a range
of social, mobile, and print solutions. The Company's consumer
services include the Dex Knows.com and Superpages.com online and
mobile search portals and applications and local print
directories.  On April 30, 2013, Dex One Corp. and SuperMedia
announced the completion of their merger, creating Dex Media, Inc.

Dex One (DEXO) and SuperMedia (SPMD) in March 2013 sought Chapter
11 bankruptcy protection in order to complete a merger.  The
filing was just about three years after each company exited court
protection.  The cases are In re Dex One Corp, 13-10533, U.S.
Bankruptcy Court, District of Delaware. and In re SuperMedia Inc,
13-10545, U.S. Bankruptcy Court, District of Delaware.

                *     *     *

As reported in the Troubled Company Reporter on March 31, 2015,
KPMG LLP expressed substantial doubt about the Company's ability to
continue as a going concern, citing that the Company has filed for
Chapter 11 Bankruptcy on March 18, 2013, has a highly leveraged
capital structure and has experienced decline in  operating results
and cash flows.


DRD TECHNOLOGIES: Granted Until Oct. 31 to File Plan
----------------------------------------------------
The Hon. Clifton R. Jessup, Jr., of the U.S. Bankruptcy Court for
the Northern District of Alabama granted DRD Technologies, Inc., a
45-day extension through and including Oct. 31, 2015, of its
exclusive period to file a plan of reorganization and explanatory
disclosure statement.  According to the Debtor, it is in the
process of marketing its intellectual property to obtain a staking
horse purchaser to facilitate a sale through its plan of
reorganization.

                      About DRD Technologies

Huntsville, Alabama-based logistics provider DRD Technologies,
Inc., sought Chapter 11 protection (Bankr. N.D. Ala. Case No.
15-81366) on May 19, 2015, to halt efforts by creditor ServisFirst
Bank to appoint a receiver.

The Debtor tapped Stuart M. Maples, Esq., at Maples Law Firm, PC,
as counsel.

According to the docket, the Chapter 11 plan and disclosure
statement are due by Sept. 16, 2015.  The Debtor disclosed
$205,849,965 in assets and $4,289,268 in liabilities as of the
Chapter 11 filing.


ECO BUILDING: Delays Fiscal 2015 Form 10-K
------------------------------------------
Eco Building Products, Inc., notified the Securities and Exchange
Commission that its annual report for the year ended June 30, 2015,
could not be filed within the prescribed period due to the Company
requiring additional time to prepare and review that Report.  In
accordance with Rule 12b-25 of the Securities Exchange Act of 1934,
the Company will file its Form 10-K no later than fifteen calendar
days following the prescribed due date.

                         About Eco Building

Vista, Calif.-based Eco Building Products is a manufacturer of
proprietary wood products treated with an eco-friendly proprietary
chemistry that protects against mold, rot, decay, termites and
fire.

As of March 31, 2015, the Company had $1.47 million in total
assets, $58.3 million in total liabilities and a $56.9 million
total stockholders' deficit.

Eco Building reported a net loss of $28.94 million on $1.46 million
of total revenue for the year ended June 30, 2014, compared to a
net loss of $24.59 million on $5.22 million of total revenue for
the year ended June 30, 2013.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, 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 generated minimal operating
revenues, losses from operations, significant cash used in
operating activities and its viability is dependent upon its
ability to obtain future financing and successful operations.
These factors raise substantial doubt about the Company's ability
to continue as a going concern.


ELBIT IMAGING: Interim Injunction Hearing on Oct. 14
----------------------------------------------------
Elbit Imaging Ltd. announced that following the filing of a motion
for interim injunction for temporary remedies, the court has
resolved that the company and the rest of the Respondents should
file their written response until Oct. 8, 2015, and that the
hearing with respect to the interim injunction for temporary
remedies, will take place on Oct. 14, 2015.  The  resolution does
not include an interim remedy requested by the Plaintiff that the
court will provide an ex parte injuction in respect of the
shareholders meetings in the Company and in the Company's
subsidiary Plaza centers NV.

The interim injunction motion for temporary remedies concerning,
among other issues, on the following requests: To postpone the
general meeting of the Company from discussing and voting on the
size of the Company's board of directors and from re-electing of
the Company's board of directors; To instruct the Company to
withdraw its request to convene a general meeting in Plaza or to
instruct the Company to vote against any change in Plaza's board of
directors in such general meeting.

                       About Elbit Imaging

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

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

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

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

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


ELBIT IMAGING: Unit Acquires Loan to Control Liberec Plaza
----------------------------------------------------------
Plaza Centers N.V., an indirect subsidiary of Elbit Imaging Ltd.,
has announced that its wholly owned subsidiary has won a tender to
buy the loan in respect of the Liberec Plaza commercial centre  in
the Czech Republic.

The EUR20.4 million bank loan was granted by two commercial banks
which Plaza has agreed to buy for EUR8.5 million, reflecting a
discount of 58%.  The closing of the transaction is subject to the
approval of the Hungarian National Bank (as one of the lending
banks is Hungarian) which is expected to be received by the end of
October 2015.

Plaza expects to record a profit from this transaction of
approximately EUR12 million in its financial statements for the
second half of 2015.  Plaza expects that the mall will deliver a
net operating income of approximately EUR850,000 in 2015, which
would reflect a yield of approximately 10% on the loan purchase
price.

                        About Elbit Imaging

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

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

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

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

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


EPWORTH VILLA: Files Second Modified Plan After Hicks Settlement
----------------------------------------------------------------
Central Oklahoma United Methodist Retirement Facility, Inc., doing
business as Epworth Villa, filed with the U.S. Bankruptcy Court for
the Western District of Oklahoma on Sept. 28 a Second Modified Plan
and an amended Disclosure Statement that reflect a settlement
reached with Williams Hicks and the indenture trustee under revenue
bonds with outstanding principal of $87.8 million, which objected
to the prior iteration of the disclosure statement.

The Debtor was forced to seek bankruptcy protection after a $15
million-plus judgment against Epworth Villa entered by state court
in July 2014, in a lawsuit filed by William Hicks, the husband of
Virginia Hicks, a former resident of Epworth Villa.  The Debtor
says that the principal challenge to reorganization was presented
by the Hicks Judgment Claim.  The face amount of Hicks' aggregate
Claim ($15 million+) constitutes over 95% of the total of all
unsecured claims against Epworth Villa.  Epworth Villa believes
that the Judgment was legally erroneous; and it has been challenged
by Epworth Villa through a pending appeal.

While Epworth Villa believes that strong arguments exist for the
reversal or substantial modification of the Judgment on appeal,
ultimate appellate disposition is certainly more than a year ahead.
In the meantime, Epworth Villa believes strongly that its best
interest, and that of its creditor constituencies and residents
will be best served by a plan of reorganization being confirmed at
the earliest possible time.

According to the Disclosure Statement, the Plan provides for the
continued operation of Epworth Villa's business and proposes to
treat claims and interests as follows:

  -- All priority claims (Class 1), if any, will be paid in cash,
in full, without postpetition interest.

  -- The Claim of the BancFirst, the indenture trustee (Class 2),
which is secured, in part by the Facility, will be Impaired as
necessary to facilitate the reorganization contemplated by the
Plan; namely the Indenture Trustee will be deemed to have (i)
waived any default under such documents arising from the pendency
of and/or entry of judgment in the Oklahoma County Action or from
the filing of Epworth Villa's bankruptcy case; (ii) amended the
requirements in such documents of the number of days' cash on hand
Debtor is required to maintain to reduce the number from 180 days
to 150 days for a period of one year from the Effective Date with
an extension of one additional year upon reasonable request of
Epworth Villa, provided that at the end of such periods, the
existing provision for maintaining 180 days cash on hand shall be
reinstated; and (iii) released the lien, if any, of the Bond
Indenture in and to the Cash and other assets of Epworth Villa and
its Estate as, and only to the extent, required to fulfill the
Plan's payment, transfer, and/or other treatment obligations to
other Holders entitled to receive distributions as provided in the
Plan.

  -- With respect to other secured Claims (Class 3), Epworth Villa
will either surrender the collateral to the creditor, or take all
steps necessary to "reinstate" the credit relationship.  The only
known creditor in Class 3 is the Ford Motor Credit Corporation,
which has financed certain vehicles in Epworth Villa's business
fleet.  At this time, Epworth Villa is inclined to reinstate that
obligation rather than surrender the subject vehicles.

  -- Claims for which Epworth Villa has insurance coverage
available (Class 4) will be satisfied by such insurance to the
extent of such coverage.  This Class includes several tort
claimants, including Hicks for the component of their Claims
attributable to Epworth Villa's alleged negligence.

  -- Another of the Hicks' claims -- a contract claim for breach of
the Hicks' residency agreement -- is classified exclusively in
Class 5, and will be satisfied by the provision of indefinite
"rent-free" residency for William Hicks at Epworth Villa's
Facility, as well as refund assurances should he decide to move
away from the Facility.

  -- The balance of the Hicks' Claims are classified in Class 6,
and will be treated through the creation of a litigation trust.
Holders of Claims in Class 6 will be the only beneficiaries of the
Litigation Trust.  Epworth Villa will transfer the Litigation Trust
Assets -- $1.0 million plus the Estate Claims -- to the Litigation
Trust for liquidation and distribution to Holders of Class 6
Claims.  Given the unique composition (Hicks Claims exclusively)
and treatment of Class 6 and other Classes, no contest over the
Allowed amount of the Hicks' Class 6 Claims will be necessary or
permitted.  Those Claims will be allowed in the amounts stated in
the Hicks' proof(s) of claims; provided however, that such final
allowance shall have no preclusive effect for any other purpose in
any other forum.

  -- The balance of unsecured Claims against Epworth Villa, e.g.,
the numerous "trade" creditors, will fall into Class 7 -- "Other
Unsecured Claims" -- and be paid in full with postpetition
interest.

  -- The fate of the membership Interest in Epworth Villa (Class
8), held by Epworth Living, Inc., will be determined by the actions
of the Impaired Classes of Claims: if any Class of Impaired Claims
does not accept the Plan, then the Class 8 Interests shall be
cancelled and extinguished under the Plan; if all Classes of
Impaired Claims accept the Plan, then the Class 8 Interest Holder
shall retain its Interests.

As a consequence of Plan impairment and deemed acceptance or
rejection, only Holders of Allowed or Estimated Claims in Classes
1, 2, 4, 5, 6 and 8 shall be entitled to vote to accept or reject
the Plan.

Epworth Villa estimates the following cash requirements for
satisfaction of the Plan's Treatment Obligations on the Effective
Date/Distribution Date:

   1. Non-Ordinary Course Administrative Claims
      * Final professional fees                       $600,000
      * Sec. 503(b)(9) claims:                         $50,000
   2. Litigation Trust cash contribution              $500,000
      (on behalf of Class 6):
   3. Class 7 Distributions                           $650,000
   4. Other                                            $50,000
                                                    ----------
  Total Cash Required on Effective/
    Distribution Date:                              $1,850,000

A copy of the Disclosure Statement Explaining the Second Modified
Plan is available for free at:

    http://bankrupt.com/misc/Epworth_Villa_461_2nd_Am_DS.pdf

              About Central Oklahoma United Methodist

Formed in 1986 and affiliated with the Oklahoma Conference of the
United Methodist Church, Central Oklahoma United Methodist
Retirement Facility, Inc., is a not-for-profit corporation that
owns Epworth Villa, a continuing care retirement community for
persons age 62 and older, located at 14901 N. Pennsylvania Avenue,
Oklahoma City, Oklahoma.  Presently, Epworth Villa includes 264
independent living units (cottages and apartment homes), 118
assisted living units with maximum capacity of 130 beds, and 87
nursing care beds.  The corporation's sole member is Epworth
Living, Inc.

Epworth Villa is currently undergoing a renovation and expansion
project that is projected to be completed in early Summer of 2015.
The construction, renovation and expansion of its facilities are
financed through revenue bonds under the bond indenture from the
Oklahoma County Finance Authority to BancFirst, as indenture
trustee.  Those obligations, in the aggregate principal Petition
Date amount of $87,835,000, are secured by a mortgage and security
interest in the Facility and other assets of Epworth Villa's
estate.

Epworth Villa sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Okla. Case No. 14-12995) on July 18, 2014.

The Chapter 11 case has been reassigned to Judge Tom R. Cornish,
according to an April 15, 2015 order.

The Debtor tapped Gable & Gotwals, P.C., in Oklahoma City,
Oklahoma, as general bankruptcy counsel.

In amended schedules, the Debtor disclosed total assets of
$117,659,919 and total liabilities of $108,037,034 as of the
Chapter 11 filing.

On Aug. 13, 2014, the Office of the United States Trustee appointed
E. Marissa Lane as the Patient Care Ombudsman in this case.


EPWORTH VILLA: Wants Expedited Hearing on 2nd Disclosure Statement
------------------------------------------------------------------
Central Oklahoma United Methodist Retirement Facility, Inc., doing
business as Epworth Villa, is asking the U.S. Bankruptcy Court for
the Western District of Oklahoma to expedite the confirmation
process for its Second Modified Plan.  Epworth Villa wants the
Second Disclosure Statement set for an expedited hearing, and the
notice for such hearing reduced.

Epworth Villa is proposing a hearing to consider approval of the
Second Disclosure Statement on Oct. 19, 20 or 21, and an Oct. 13
deadline for objections to the adequacy of the information in the
Disclosure Statement.

To recall, on June 5, 2015, Epworth Villa filed its First Modified
Plan of Reorganization.  Epworth Villa also filed a Disclosure
Statement to accompany the First Modified Plan.

On June 11, 2015, on Epworth Villa's application, the Court entered
an order requiring objections to be filed and served by July 21,
2015, and setting the hearing on approval of the First Amended
Disclosure Statement for July 28, 2015.

Only the Hicks and BancFirst, as indenture trustee under revenue
bonds with outstanding principal of $87.8 million, filed objections
to approval of the Disclosure Statement, which they subsequently
agreed to withdraw pursuant to an agreement.

On July 16, 2015, the Court ordered Epworth Villa and its insurance
carriers, Epworth Villa's counsel in the state court litigation and
their insurance carriers, Hicks, and the Indenture Trustee to
participate in mediation before a private mediator, former
Bankruptcy Judge Leif Clark.

After participating in an almost 20-hour mediation, Epworth Villa,
Hicks, and the Indenture Trustee reached a settlement outlined in
the Corrected Joint Motion for Order Approving and Authorizing
Compromise and Notice; Brief in Support; Notice of Opportunity for
Hearing and Notice of Hearing (the "Joint Compromise Motion"). None
of the other entities and their insurance carriers ordered to
mediate, chose to participate in the settlement.

On July 28, 2015, in view of the announcements by counsel that a
compromise had been reached as a result of the court-ordered
mediation, the Court continued the hearing on approval of the First
Amended Disclosure Statement, in order to coincide with a hearing
on approval of the mediated settlement, to Aug. 18, 2015.

The Court set the Joint Compromise Motion for a telephonic hearing
on Aug. 18, 2015, to be continued to Aug. 25 for additional legal
argument and evidence if required.

Objections to approval of the mediated settlement proposed for the
Court's approval in the Joint Compromise Motion were filed by two
entities -- neither is a creditor of Epworth Villa; both are
potential target defendants in claims as may be asserted by a
litigation trust provided to be created for the benefit of Epworth
Villa's unsecured creditors in the First Modified Plan.  The
objectors are:

   a. Holden & Carr, Epworth Villa's trial counsel in pre-chapter
11 litigation with the Hicks, against which a claim may be asserted
for legal malpractice; and

   b. Homeland Insurance Company of New York, OneBeacon
Professional Insurance and/or OneBeacon Insurance Group, Epworth
Villa's liability insurance carrier, which failed to settle the
Hicks' claim within its $5,000,000 policy limits, before the Hicks
obtained a $15 Million plus judgment, and against which a bad faith
claim may be asserted.

The Court held a telephonic hearing on Aug. 18, 2015, and continued
with an evidentiary hearing on Aug. 25 to consider approval of the
mediated settlement proposed in the Joint Compromise Motion and
approval of the First Disclosure Statement. After hearing the
uncontroverted evidence, the Court has taken its rulings on the
Joint Compromise Motion and, consequently, approval of the First
Disclosure Statement under advisement.

At the conclusion of the hearing on Aug. 25, the Court expressed
some concerns regarding the terms of the settlement, approval of
which was sought by the Joint Compromise Motion. Epworth Villa
believes those concerns may be best addressed by withdrawal of the
Joint Compromise Motion, by Epworth Villa modifying the First
Modified Plan to address the Court's concerns and then seeking
confirmation of such modified plan.

During the month since the Court's ruling on approval of the Joint
Settlement Motion was taken under advisement, Epworth Villa, the
Indenture Trustee and the Hicks have endeavored to accomplish the
following:

   a. First, reach a monetary settlement of the Hicks claim with
participation of Homeland/OneBeacon.  This effort has wholly
failed, with Homeland/OneBeacon again refusing an offer to settle
within policy limits.

   b. Second, analyze and resolve a means to satisfy the Court's
stated concerns with the mediated settlement.  The effort has
resulted in the withdrawal of the Joint Compromise Motion and the
proposal of a modified chapter 11 plan, allowing Epworth Villa's
creditors to vote to accept or reject the plan.

On Sept. 24, 2015, Epworth Villa, the Indenture Trustee and the
Hicks filed a Joint Notice of Withdrawal of Corrected Joint Motion
for Order Approving and Authorizing Compromise, whereby the Joint
Compromise Motion has been withdrawn.  The filing of the Joint
Withdrawal compliments the filing of a modified chapter 11 plan and
its submission for a creditor vote and confirmation by the Court.

On Sept. 28, 2015, Epworth Villa filed its Second Modified Plan of
Reorganization and a Second Disclosure Statement.

As the Court and all interested parties are acutely aware from the
evidence offered at the Aug. 25 hearing, it is critical to Epworth
Villa's continued operations, for the benefit of its residents,
employees and creditors, that the Court expedite the process
relating to confirmation of the Second Modified Plan so that
Epworth Villa may reorganize and emerge from the chapter 11 case.

Epworth Villa's attorneys can be reached at:

         G. Blaine Schwabe, III, Esq.
         Elizabeth F. Cooper, Esq.
         GABLE & GOTWALS, P.C.
         One Leadership Square, 15th Floor
         211 North Robinson
         Oklahoma City, OK 73102-7101
         Telephone: 405.235.5500
         Facsimile: 405.235.2875
         E-mail: gschwabe@gablelaw.com
                 ecooper@gablelaw.com

                - and -

         Sidney K. Swinson, Esq.
         Mark D.G. Sanders, Esq.
         Brandon C. Bickle, Esq.
         GABLE & GOTWALS, P.C.
         1100 ONEOK Plaza
         100 West Fifth Street
         Tulsa, OK 74103
         Telephone: 918.595.4800
         Facsimile: 918.595.4990
         E-mail: sswinson@gablelaw.com
                 msanders@gablelaw.com
                 bbickle@gablelaw.com

              About Central Oklahoma United Methodist

Formed in 1986 and affiliated with the Oklahoma Conference of the
United Methodist Church, Central Oklahoma United Methodist
Retirement Facility, Inc., is a not-for-profit corporation that
owns Epworth Villa, a continuing care retirement community for
persons age 62 and older, located at 14901 N. Pennsylvania Avenue,
Oklahoma City, Oklahoma.  Presently, Epworth Villa includes 264
independent living units (cottages and apartment homes), 118
assisted living units with maximum capacity of 130 beds, and 87
nursing care beds.  The corporation's sole member is Epworth
Living, Inc.

Epworth Villa is currently undergoing a renovation and expansion
project that is projected to be completed in early Summer of 2015.
The construction, renovation and expansion of its facilities are
financed through revenue bonds under the bond indenture from the
Oklahoma County Finance Authority to BancFirst, as indenture
trustee.  Those obligations, in the aggregate principal Petition
Date amount of $87,835,000, are secured by a mortgage and security
interest in the Facility and other assets of Epworth Villa's
estate.

Epworth Villa sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Okla. Case No. 14-12995) on July 18, 2014.

The Chapter 11 case has been reassigned to Judge Tom R. Cornish,
according to an April 15, 2015 order.

The Debtor tapped Gable & Gotwals, P.C., in Oklahoma City,
Oklahoma, as general bankruptcy counsel.

In amended schedules, the Debtor disclosed total assets of
$117,659,919 and total liabilities of $108,037,034 as of the
Chapter 11 filing.

On Aug. 13, 2014, the Office of the United States Trustee appointed
E. Marissa Lane as the Patient Care Ombudsman in this case.


ERF WIRELESS: Richard Royall Resigns as Director
------------------------------------------------
ERF Wireless, Inc., received and accepted the resignation of
Richard R. Royall as director of the Company.  Mr. Royall had
served as a director since March 2008.  Mr. Royall stated that he
was resigning for personal reasons and that he does not have any
disagreement with the company's accounting practices, policies, or
procedures.

                        About ERF Wireless

Based in League City, Texas, ERF Wireless, Inc., provides secure,
high-capacity wireless products and services to a broad spectrum of
customers in primarily underserved, rural and suburban parts of the
United States.

ERF Wireless reported a net loss attributable to the company of
$7.26 million in 2013, a net loss of $4.81 million in 2012, and a
net loss of $3.37 million in 2011.

As of Sept. 30, 2014, the Company had $3.59 million in total
assets, $10.4 million in liabilities, and a $6.84 million
shareholders' deficit.


EXCEL TRUST: S&P Withdraws 'BB+' Corporate Credit Rating
--------------------------------------------------------
Standard & Poor's Ratings Services withdrew its ratings on Excel
Trust Inc., including S&P's 'BB+' corporate credit rating, at the
issuer's request.  At the same time, S&P withdrew its 'BBB-'
issue-level rating on Excel Trust L.P.'s senior unsecured notes,
following the completion of the tender offer which repaid virtually
all outstanding amounts at par.

On Aug. 20, 2015, Excel announced that it received the consent from
the holders of its 4.625% senior unsecured notes due 2024 to adopt
the proposed amendments to its tender offer.  Excel received valid
tenders for its $249,176,000 aggregate principal amount,
representing approximately 99.67% of the outstanding notes.

The tender offer and consent solicitation are being conducted
following the completion of the mergers of Excel Trust Inc. and
Excel Trust L.P. with entities affiliated with Blackstone Property
Partners L.P.

S&P had placed its issue-level rating on Excel's senior unsecured
notes on CreditWatch negative on Aug. 12, 2015, after the company
issued the tender offer and solicited consent from its bond holders
to eliminate certain restrictive covenants (maintenance of
unencumbered assets) and events of default contained in the
indenture of its outstanding unsecured notes.



FEDERATION EMPLOYMENT: Seeks Nov. 6, 2015 Admin. Claims Bar Date
----------------------------------------------------------------
Federation Employment and Guidance Services, Inc., doing business
as FEGS, asks the U.S. Bankruptcy Court for the Eastern District of
New York to establish Nov. 6, 2015 as the deadline for the filing
of administrative expense claims, which arose, accrued or otherwise
became due and payable between March 18, 2015 and
Aug. 31, 2015.

The Debtor relates that as part of the liquidation of its estate,
the Debtor ultimately needs to formulate a liquidating plan.  It
further relates that as the Debtor continues to wind down its
operations, and as a result of the transfer of the Debtor's
operational programs and the concurrent reduction in ongoing
operations and workforce, the accrual of new Administrative Claims
have continued to decline.  The Debtor contends that by
establishing an administrative bar date, it will be better
positioned to determine the extent of its administrative
liabilities and to structure a plan of liquidation that is fair,
equitable and ultimately confirmable.  The Debtor adds that the
setting of the Administrative Bar Date will assist the claims
reconciliation process and facilitate the distributions ultimately
to be made to creditors.

The Debtor proposes that the Court should direct all potential
claimants to file their Administrative Claims on or before Nov. 6,
2015 at 5:00 p.m. so as to be received by Rust Consulting/Omni
Bankruptcy as follows: (i) via first class, regular mail, hand
delivery or overnight delivery to: Rust Consulting/Omni Bankruptcy,
5955 DeSoto Ave., Suite 100, Woodland Hills, CA 91367, or (ii) via
hand delivery to: United States Bankruptcy Court, EDNY, Alfonse
D'Amato U.S. Courthouse, 290 Federal Plaza, Central Islip, New York
11722, Attn: Clerk of the Court.

FEGS is represented by:

          Burton S. Weston, Esq.
          Adam T. Berkowitz, Esq.
          GARFUNKEL WILD, P.C.
          111 Great Neck Road
          Great Neck, NY 11021
          Telephone: (516)393-2200
          Facsimile: (516)466-5964
          E-mail: bweston@garfunkelwild.com
                  aberkowitz@garfunkelwild.com

                            About FEGS

Established in 1934 amidst the Great Depression, Federation
Employment & Guidance Service, Inc. ("FEGS") is a not-for-profit
provider of various health and social services to more than
120,000 individuals annually in the areas of behavioral health,
disabilities, housing, home care, employment/workforce,
education, youth and family services.  At its peak, FEGs' network
of programs operated over 350 locations throughout metropolitan
New York and Long Island and employed 2,217 highly skilled
professionals.

FEGS sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y.
Case No. 15-71074) in Central Islip, New York on March 18, 2015.

The Chapter 11 plan and disclosure statement are due by July 16,
2015.

The Debtor filed applications to hire Garfunkel, Wild, P.C., as
general bankruptcy counsel; Togut, Segal & Segal, LLP, as
co-counsel; JL Consulting LLC as Restructuring Advisor, as
restructuring advisor; Crowe Horwath, LLP as accountants; and
Rust Consulting/Omni Bankruptcy as claims and noticing agent.

The Debtor disclosed $86,697,814 in assets and $45,572,524 in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 2 appointed three members to the
Official Committee of Unsecured Creditors.  The Committee tapped
Pachulski Stang Ziehl & Jones LLP as its counsel.



FIRST INDUSTRIAL: S&P Raises Corp. Credit Rating From 'BB+'
-----------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on First Industrial Realty Trust Inc. and its operating
partnership, First Industrial L.P. (collectively, First
Industrial), to 'BBB-' from 'BB+'.  The outlook is stable.  The
issue-level rating on the company's senior unsecured notes is
unchanged at 'BBB-'.

"The upgrade acknowledges First Industrial's continued improvement
in terms of operating performance and portfolio quality," said
credit analyst Michael Souers.  "We also acknowledge the additional
progress the company has made in strengthening its balance sheet
and reducing leverage."

"Our stable outlook reflects our expectation that First Industrial
will deliver modestly positive same-store NOI growth over the next
one to two years, a result of relatively flat occupancy and low- to
mid-single-digit rental rate growth.  We expect a combination of
favorable industry tailwinds and the company's portfolio
repositioning efforts to largely fuel this growth.  We project a
slight improvement to the key credit metrics, driven by positive
operating results and the additional contribution to cash flow from
stabilized development projects," S&P said.

While unlikely over the next 12 to 24 months, S&P would consider an
upgrade if First Industrial grows its scale meaningfully in a
leverage-neutral manner or the company manages significantly
superior operating performance compared with key peers.  S&P could
also raise the rating if the company chooses to fund its growth
primarily with equity, such that debt to EBITDA declined to the
low-5x area with fixed-charge coverage above 3.1x on a sustained
basis.

While also unlikely in the near term, S&P would consider lowering
the rating if operating performance deteriorated well below its
expectations and the level of key peers due to weaker demand in its
largest markets or older age of its properties.  S&P could also
lower the rating if the company pursued a significant amount of
debt-financed speculative development, resulting in balance sheet
erosion and weaker key credit metrics.  For instance, S&P would
consider lowering the rating if debt to EBITDA exceeded 6.5x or
fixed-charge coverage fell below 2.5x on a sustained basis.



FRANKLIN PIERCE: S&P Raises LT Debt Rating to CCC+, Outlook Stable
------------------------------------------------------------------
Standard & Poor's Ratings Services raised its long-term rating to
'CCC+' from 'CCC' on debt issued for Franklin Pierce University
(FPU) by New Hampshire Health & Educational Facilities Authority.
The outlook is stable.

"The revised rating and stable outlook reflect our assessment of
Franklin Pierce's effective management of its financial
restructuring, improved operations that produced an approximately
$3 million operating surplus in fiscal 2015, and modest enrollment
growth," said Standard & Poor's credit analyst Ashley Ramchandani.
At the time of Standard & Poor's most recent review, the university
had failed to make a required monthly deposit to the trustee-held
debt service fund on April 20, 2014, and lost its line of credit,
which it relied on heavily for seasonal cash flow. At that time,
management acquired a term loan in the amount of $1.86 million and
a $5 million line of credit, which included a priority lien on
gross revenues, which effectively subordinates bond holder
security.  Management reports that it repaid outstanding debt
service due to the trustee in October 2014 as required by its
forbearance agreement and that it is current on payments and does
not anticipate any future delays in debt service payments.

"Our view is that Franklin Pierce University's financial resources
are very weak and that liquidity is limited," added Ms.
Ramchandani.  "This, along with the university's term loan
outstanding and line of credit that effectively subordinates the
university's bonds -- which we view as a key credit risk – limits
the rating."  

Pursuant to Standard & Poor's 'CCC' criteria, with limited
unrestricted assets available to meet obligations, weak operating
liquidity, and violation of covenants associated with its line of
credit, S&P believes that Franklin Pierce is currently vulnerable
to nonpayment and is dependent on favorable business conditions to
meet its financial obligations.



GELTECH SOLUTIONS: Issues $225,000 Convertible Note to Mr. Reger
----------------------------------------------------------------
GelTech Solutions, Inc., issued Mr. Reger a $225,000 7.5% secured
convertible note in consideration for a $225,000 loan on Sept. 28,
2015.  

The note is convertible at $0.47 per share and matures on Dec. 31,
2020.  Repayment of the note is secured by all of the Company's
assets including its intellectual property and inventory in
accordance with a secured line of credit agreement between the
Company and Mr. Reger.  Additionally, the Company issued Mr. Reger
239,362 two-year warrants exercisable at $2.00 per share.  

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

                           About GelTech

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

GelTech Solutions reported a net loss of $5.51 million on $800,000
of sales for the year ended June 30, 2015, compared to a net loss
of $7.11 million on $815,000 of sales for the year ended June 30,
2014.

As of June 30, 2015, the Company had $1.69 million in total assets,
$5.24 million in total liabilities and a $3.55 million in total
stockholders' deficit.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2015, citing that the Company has a net
loss and net cash used in operating activities in 2015 of $5.51
million and $3.66 million, respectively and has an accumulated
deficit and stockholders' deficit of $40,647,303 and $3,550,528,
respectively, at June 30, 2015.  These matters raise substantial
doubt about the Company's ability to continue as a going concern.


GOLDEN COUNTY: Debtor Has Until Nov. 13 to File Liquidation Plan
----------------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware extended the period by which Plover Appetizer Co., f/k/a
Golden County Foods, Inc., et al., have exclusive right to file a
plan through and including Nov. 13, 2015.

Judge Gross also extended the period by which the Debtors have
exclusive right to solicit acceptances of that plan through and
including Jan. 25, 2016.

According to the Debtors, since the closing of the sale of
substantially all of their assets, they have focused on winding
down their operations, attending to administrative matters, and
negotiating a consensual plan of liquidation with the Official
Committee of Unsecured Creditors.  The Debtors said they have
drafted the majority of the plan of liquidation and believe they
will be prepared to file a plan supported by most, if not all, of
their stakeholders, in the coming weeks.

Because consummating a consensual plan remains the Debtors' primary
goal, the Debtors assert that they must retain the ability and
flexibility to focus on the remaining items that are important  to
their emergence from Chapter 11 without the distraction,
disruption, and expense of competing Chapter 11 plans.  Maintaining
the exclusive right to file and solicit votes on a Chapter 11 plan
of liquidation is critical to the Debtors' ability to complete
these necessary steps as efficiently and expeditiously as possible,
the Debtors further asserted.

The extension motion was filed by Mark D. Collins, Esq., Paul N.
Heath, Esq., and Joseph C. Barsalona II, Esq., at Richards, Layton
& Finger, P.A., in Wilmington, Delaware; Patrick J. Neligan, Jr.,
Esq., and John D. Gaither, Esq., at Neligan Foley LLP, in Dallas,
Texas.

                 About Golden County Foods

Golden County and its affiliates GCF Franchisee, Inc., and
GCF Holdings II, Inc., filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 15-11062 to 15-11064) on
May 15, 2015.

Mark D. Collins, Esq., and Tyler D. Semmelman, Esq., at
Richards, Layton & Finger, P.A., represent the Debtor in their
restructuring effort.  The Debtors also hired Neligan Foley LLP
as local counsel.

The Debtors estimated assets and debts at $10 million to
$50 million.

The U.S. Trustee for Region 3 appointed seven creditors to serve
on the Official Committee of Unsecured Creditors.

The Committee selected Lowenstein Sandler LLP and Gellert Scali
Busenkell & Brown, LLC, to serve as its co-counsel, and
GlassRatner
Advisory & Capital Group to serve as its financial advisor.


GOODRICH PETROLEUM: Completes Second Bond Exchange
--------------------------------------------------
Stephanie Gleason, writing for Dow Jones' Daily Bankruptcy Review,
reported that Goodrich Petroleum Corp . has a deal with bondholders
that will reduce its debt my $83.2 million, its second recent bond
exchange, giving it a little breathing room as oil and gas prices
stay stubbornly low.

According to the report, the exploration and production company
expects this deal to close Oct. 1, which will leave $116.8 million
worth of the original bonds outstanding and issues $75 million in
new bonds.

                        *     *     *

The Troubled Company Reporter, on Sept. 30, 2015, reported that
Moody's Investors Service downgraded Goodrich Petroleum
Corporation's Corporate Family Rating to Caa3 from Caa1 and revised
the Probability of Default Rating (PDR) to Caa3-PD/LD from Caa1-PD.
Moody's also downgraded Goodrich's senior unsecured notes to Ca
from Caa2, and preferred debt to C from Caa3.  Speculative Grade
Liquidity Rating was changed to SGL-4 from SGL-3.  The rating
outlook remains negative.

Moody's considers Goodrich's debt exchanges announced in
September,
2015 as distressed exchanges for its senior unsecured debt (both
senior notes and convertible notes).  A distressed exchange is
effectively a default under Moody's definition of default.  On
Sept. 25, 2015, the company announced exchange of $158.2 million
of
rated senior notes (out of the total $275 million originally
issued) due 2019 for $75 million of new second lien notes due
2018.
On Sept. 8, 2015, it closed a transaction to exchange $55 million
of unrated convertible notes due 2032 (out of the roughly $175
million total convertible notes issued) for $27.5 million of new
convertible notes due 2032.  Goodrich may seek to consummate
further exchanges as it seeks to manage its untenable capital
structure.  Moody's appended Goodrich's revised Caa3-PD PDR with
an
"/LD" designation indicating limited default, which will be
removed
after three business days.

The TCR, on Sept. 29, 2015, reported that Standard & Poor's Ratings
Services said that it lowered its issue-level rating on U.S.-based
exploration and production (E&P) company Goodrich Petroleum Corp.'s
8.875% senior unsecured notes due 2019 to 'D' from 'CCC' following
the company's announcement that it has entered into an agreement
with a portion of holders under which the company will exchange
approximately $158.2 million of those notes due 2019 for $75
million in a new series of 8.875% second-lien senior secured notes
due 2018.  The recovery rating remains '6', indicating negligible
(0%-10%) recovery in the event of a default.

The company's corporate credit rating was recently lowered to 'SD'
(selective default) following an announcement that it reached an
agreement with holders of portions of its senior unsecured
convertible notes to exchange the notes for new senior unsecured
convertible notes.  S&P expects to review the corporate credit
rating and issue-level ratings when it assess the likelihood of
further exchanges as low.  S&P's analysis will incorporate the
company's modestly improved liquidity and leverage position, while
still taking into account the challenging operating environment.


GRAND TRAVERSE: S&P Affirms 'BB+' Rating on 2007 Refunding Bonds
----------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook to stable
from negative and affirmed its 'BB+' long-term rating on Grand
Traverse Academy (GTA), Mich.'s series 2007 public school academy
revenue and refunding bonds.

"The outlook revision reflects our view of GTA's improved operating
performance and expectations of another surplus for fiscal 2015,"
said Standard & Poor's credit analyst Ryan Quakenbush.
"Furthermore, the outlook revision reflects our view of the
school's smooth transition during management changes,"
Mr. Quakenbush added.

Initially chartered in 1999 by LSSU, GTA is a public charter school
located in Traverse City.  The school serves more than 1,250
students in kindergarten through 12th grade (K-12).



GUAM POWER: Fitch Affirms 'BB+' Rating on $14.2MM Sub. Bonds
------------------------------------------------------------
Fitch Ratings has affirmed Guam Power Authority's (GPA) revenue
bonds:

   -- $566.5 million senior revenue bonds, 2014 series A, 2012
      series A and 2010 series A, at 'BBB-';

   -- $14.2 million subordinated revenue bonds, 2010 series A, at
      'BB+'.

The Rating Outlook is revised to Stable from Negative.

SECURITY

Senior lien bonds are payable from a first lien on net revenues of
GPA.  Outstanding subordinated revenue bonds are also payable from
net revenues, subject to payment of the senior bonds.  A default on
the subordinated revenue bonds would not trigger a default on the
senior revenue bonds.

KEY RATING DRIVERS

SOLE POWER PROVIDER: GPA provides retail electricity to the nearly
160,000 residents of the island of Guam, the westernmost territory
of the U.S.  The significant presence of the U.S. Navy provides
stability to the island's economy and the authority's customer
base.

OUTLOOK REVISION TO STABLE: The revision in Outlook reflects
Fitch's recognition of the potentially longer timeframe GPA
believes it could take to fully implement its plan to reduce its
dependence on oil-fired generation through a system-wide conversion
to dual-fuel generation.  While costs associated with the plan
could remain significant, a longer time horizon should provide
sufficient capacity to absorb additional debt plans and related
costs.

POWER SUPPLY DIVERSIFICATION: Fitch views positively the
authority's ongoing strategic energy plan to diversify the
utility's fuel mix and facilitate compliance with environmental
regulations through a conversion to dual-fuel generation.  Despite
the anticipated cost, Fitch expects the plan will ultimately result
in a newer, significantly more efficient generation fleet that
allows for greater diversity in fuel supply.

WEAK BUT IMPROVED FINANCIAL PROFILE: Financial results are
typically weak with historical Fitch calculated debt service
coverage closer to 1.0x and minimal cash reserves.  Financial
metrics improved in fiscal 2014 with Fitch calculated debt service
coverage increasing to a more acceptable 1.34 xs and liquidity
reaching about 40 days of cash on hand.  Fitch expects modest but
continued improvement through fiscal 2019 based on the authority's
most recent financial forecast and declining debt service
requirements.  Longer-term operating results will depend on the
timing of planned debt issuances and projected base rate increases.


HIGH RATES SUBJECT TO REGULATION: GPA's electric rates are
regulated by the Guam Public Utility Commission (PUC), which
authorizes cost recovery for fuel and other related costs.  The
PUC's responsiveness to requests for cost recovery in recent years
is viewed favorably by Fitch, but delays are inherent in both the
regulatory process and the recovery mechanism.

LIMITED ECONOMY: Guam exhibits a limited economy largely dependent
on international tourism but generally supported by the presence of
the U.S. military.  Unemployment has fallen to a more acceptable
level and electric revenue collection remains strong despite the
persistence of weak income levels and high electric rates.

RATING SENSITIVITIES

IMPLEMENTATION OF POWER SUPPLY PLAN: Stability in the Guam Power
Authority rating will be determined largely by the authority's
ability to effectively implement and manage its proposed energy
conversion plan while maintaining financial metrics sufficient to
support the planned increase in leverage.  Project costs and
related debt levels beyond what is currently forecast could result
in negative rating pressure.

CREDIT PROFILE

POWER SUPPLY CONVERSION

The authority is in the early stages of gaining the necessary
regulatory approvals needed to execute its resource implementation
plan, which primarily includes construction of two 60 MW combined
cycle units (CCUs) with dual fuel capability expected to be
complete by 2020.  Construction of an additional 60 MW combined
cycle unit within the 2020-2021 timeframe is also being considered,
although the project is likely to occur given the unexpected loss
of one of GPA's primary generating units due to a recent fire.

The balance of the resource implementation plan calls for the
retirement of the Cabras Power Plant upon completion of the three
combined cycle units, the retrofit of two existing generating units
to burn ULSD, and the installation of an energy storage battery
system.  The eventual conversion of the new and existing units to
LNG is not expected to occur before 2021 at the earliest based on
the authority's expectations for a protracted permitting process
that could take up to five years.

In the interim, officials believe the overall efficiency of the new
units expected to come online coupled with the utilization of ULSD
will bring the system into compliance with the EPA's maximum
achievable control technology (MACT) standards and position the
authority to meet potential requirements under the Clean Power
Plan.

All-in costs and related debt issuance plans supporting the
system-wide conversion to LNG were expected to be significant,
prompting Fitch to revise the Outlook to Negative from Stable in
August 2014.  While the project costs are expected to remain
sizeable, authority officials now believe execution of the final
phase of the plan (installing and converting all generating units
to LNG) will be at GPA's option.  Accordingly, the total cost of
the resource implementation plan could potentially change and
spread out over a longer time horizon than initially expected.

HIGH LEVERAGE EXPECTED TO CONTINUE

The authority expects to rely significantly on debt issuance to
fund the vast majority of costs associated with the fuel
diversification plan.  All-in costs related to the system-wide
conversion to LNG are significant, estimated at approximately $691
million based on a 2014 feasibility assessment that assumed the
conversion is completed by 2021.  Fitch expects debt service costs
will rise considerably as a result, although the full impact of the
additional debt will not occur until beyond the authority's current
financial forecast period of 2015-2019.

Current leverage ratios, including debt to funds available for debt
service and equity to capitalization, are weak but consistent with
the current rating at 8.8x and 17.1%, respectively. Subordinate
lien obligations will fully mature on Oct. 1, 2015, resulting in a
sizable $15 million decline in annual debt service payments
beginning in fiscal 2016.  In addition, remaining capital lease
payments ramp down significantly in 2018 before fully concluding in
2019.  The reduction in annual debt service costs should provide
GPA with some capacity and flexibility to absorb the additional
leverage programmed into the current capital plan.

WEAK BUT IMPROVED FINANCIAL PROFILE

The authority's financial metrics improved in fiscal 2014 as a
slight decline in annual energy sales was positively offset by a 6%
base rate increase.  All-in Fitch calculated debt service coverage
and liquidity improved to a more acceptable 1.34x and 39 days of
cash on hand from below 1.0x debt service coverage in fiscals 2013
and 2012 and 17 days cash in both years.

Operating income based on preliminary financial results though the
first nine months of fiscal 2015 is largely unchanged from the same
period in fiscal 2014.  Accordingly, Fitch expects year-end debt
service coverage of about 1.40x in fiscal 2015, in line with
projected financial results provided in 2014.

GPA's financial forecast shows Fitch-calculated debt service
coverage increasing over the next three fiscal years before
leveling out in the outer years at about 1.4x.  The forecast
conservatively assumes electric rates are held constant and modest
declines in energy sales continue.  The forecast benefits from
scheduled declines in debt service payments and conservatively
excludes the planned military buildup.

TOURISM-BASED ECONOMY

Guam receives over 1.3 million visitor arrivals annually, the
majority of which are from Japan.  The government has worked
aggressively to grow its visitor base, successfully expanding a
visa waiver program to include Russia and working to add mainland
China, an effort that if successful has the potential to
significantly increase economic activity on the island.

The previously anticipated relocation of nearly 5,000 U.S. Marines
from a base in Okinawa to Guam is reportedly proceeding following a
protracted delay.  The increase in military personnel, while
smaller than previously expected, is still viewed positively by
Fitch, as nearly all related infrastructure costs are expected to
be borne by the U.S. Navy.

The island's March 2015 unemployment rate is down considerably at
7.7% compared to about 13% midway through 2013.  Similar to all
U.S. territories, wealth indicators rank significantly lower than
those of the U.S., although Guam's median household income is
higher than its island peers.  Despite the relatively weak levels,
GPA's annual bad debt expense has remained low at less than .5%,
indicating consistently strong collection rates of annual revenue.



GULFSLOPE ENERGY: Anticipates Further Losses in Business
--------------------------------------------------------
GulfSlope Energy, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $840,000 on $nil of revenues for the three months ended June 30,
2015, compared to a net loss of $613,000 on $nil of revenues for
the same period in the prior year.

The Company's balance sheet at June 30, 2015, showed $6.90 million
in total assets, $9.37 million in total liabilities and total
stockholders' deficit of $2.48 million.

The Company has incurred accumulated losses for the period from
inception to June 30, 2015 of $27.3 million.  Further losses are
anticipated in developing our business.  As a result, its auditors
has expressed substantial doubt about the Company's ability to
continue as a going concern.  As of June 30, 2015, the Company had
$195,000 of unrestricted cash on hand.  The Company estimates that
it will need to raise a minimum of $10 million to fund operations
through June 30, 2016, and likely significantly more capital to
meet its obligations during the subsequent 12 months.  The Company
plans to finance the Company through the issuance of equity, debt
financing, and/or the sale of working interests in its prospects.

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

                       http://is.gd/LRsOjv
                          
GulfSlope Energy, Inc., is focused on the exploration for crude oil
and natural gas in the Gulf of Mexico.  The Company maintains its
headquarters in Houston.


HAGGEN HOLDINGS: FTC Says Albertsons Can Rehire Workers ASAP
------------------------------------------------------------
Rhonda Smith, writing for Bloomberg News, reported that the Federal
Trade Commission approved by a 4-0 vote on Sept. 25 a waiver
Cerebus Institutional Partners filed to modify a divestiture
agreement with  Haggen Holdings LLC so the former company could
begin hiring workers laid off when Haggen filed for Chapter 11
bankruptcy protection, the agency announced.

According to the report, the FTC's order that the waiver be removed
in the divestiture agreement between the companies means Albertsons
can begin soliciting and hiring Haggen employees immediately, UFCW
leaders said.  The divestiture agreement originally stipulated that
Albertsons and its parent company could not solicit or hire Haggen
workers previously employed by Albertsons until 12 months after the
merger's closing date, the report related.

Haggen has 11,000 employees and about 8,000 UFCW-represented
workers in California, Nevada and Arizona, Greg Conger, president
of UFCW Local 324 in Southern California, told Bloomberg.

                            About Haggen

Haggen Holdings, LLC, and its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del., Case Nos. 15-11874 to
15-11879) on Sept. 8, 2015.  The petitions were signed by Blake
Barnett as chief financial officer.

Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors'
local counsel.  Stroock & Stroock & Lavan LLP serves as the
Debtors' general counsel.  Alvarez & Marsal North America, LLC,
acts as the Debtors' financial advisor.  Kurtzman Carson
Consultants LLC serves as the Debtors' claims and noticing agent.

The Debtors have estimated assets of $50 million to $100 million
and estimated liabilities of $10 million to $50 million.


HANSEN MEDICAL: Has $12.5-Mil. Net Loss in 2nd Quarter
------------------------------------------------------
Hansen Medical Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $12.5 million on $3.09 million of total revenues for the three
months ended June 30, 2015, compared with a net loss of $12.3
million on $6.89 million of total revenue for the same period last
year.

The Company's balance sheet at June 30, 2015, showed $65.0 million
in total assets, $42.9 million in total liabilities, and
stockholders' equity of $22.1 million.

As of June 30, 2015, the Company's cash, cash equivalents,
short-term investments and restricted cash balances were $47.0
million.  The Company anticipates that its existing available
capital resources as of June 30, 2015 and the estimated amounts
received through the sale of its products and services will not be
sufficient to meet its anticipated cash requirements for the next
twelve months.  These factors raise substantial doubt about 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/JpItOv

                       About Hansen Medical

Hansen Medical develops, manufactures and markets a new generation
of medical robotics designed for accurate positioning,
manipulation and stable control of catheters and catheter-based
technologies.

The Company reported a net loss of $11.9 million on $5.79 million
of revenues for the three months ended March 31, 2015, compared
with a net loss of $14.5 million on $3.7 million of revenue for the
same period in 2014.

The Company's balance sheet at March 31, 2015, showed $77.6 million
in total assets, $61.6 million in total liabilities, $19.7 million
in convertible preferred stock and a stockholders' deficit of $3.72
million.



HAVERHILLS CHEMICALS: Section 341(a) Meeting Set for October 10
---------------------------------------------------------------
The U.S. Trustee for Region 6 will convene a meeting of creditors
of Haverhill Chemicals LLC on Oct. 20, 2015, at 1:00 p.m., 515 Rusk
Suite 3401 in Houston, Texas.

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

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

                     About Haverhill Chemicals

Haverhill Chemicals LLC filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Tex. Case No. 15-34918) on Sept. 18, 2015.  The
petition was signed by Paul Deputy as chief financial officer.  The
Debtor estimated assets of $1 million to $10 million and
liabilities of $100 million to $500 million.  Diamond McCarthy LLP
serves as the Debtor's counsel.  The case is assigned to Judge
Marvin Isgur.

The Debtor owns and operated the Haverhill Plant to produce Phenol,
Acetone, Bisphenol A (BPA) and Alpha-Methylstyrene ("AMS") for sale
to its customers.  The chemicals are used to manufacture a wide
variety of chemical intermediates, including phenolic resins,
paint, varnishes, pharmaceuticals, film, epoxy resins, flame
retardants, coatings and heat resistance of polystyrene.


HYDROCARB ENERGY: Stockholders Elect Two Directors
--------------------------------------------------
The annual meeting of shareholders of Hydrocarb Energy Corporation
was held on Sept. 28, 2015, at which the stockholders:

  (1) elected Kent P. Watts and Chris Herndon as directors;

  (2) approved an amendment to the Company's Articles of
      Incorporation to increase the number of authorized shares of
      the Company's common stock to 1,000,000,000 shares;

  (3) approved an amendment to the Company's Articles of
      Incorporation to authorize 100,000,000 shares of "blank
      check" preferred stock;

  (4) approved the designation of 10,000 shares of Series A 7%
      Convertible Voting Preferred Stock;

  (5) approved the designation of 35,000 shares of Series B
      Convertible Preferred Stock;

  (6) ratified the Company's 2015 Stock Incentive Plan;

  (7) ratified the appointment of MaloneBailey CPA's, PC, as the
      Company's independent auditors for the fiscal year ending
      July 31, 2016;

  (8) approved, by non-binding vote, the compensation of the
      Company's named executive officers; and

   (9) recommended, by non-binding vote, every three years
       frequency of holding advisory votes on the compensation of
       the Company's named executive officers.

A full-text copy of the Form 8-K filing is available for free at:

                      http://is.gd/k1V3Vp

                     About Hydrocarb Energy

Hydrocarb Energy, formerly known as Duma Energy Corp, is a
publicly-traded Domestic and International energy exploration and
production company targeting major under-explored oil and gas
projects in emerging, highly prospective regions of the world.
With exploration concessions in Africa, production in Galveston
Bay and Oil Field Services in the United Arab Emirates, the
Company maintain offices in Houston, Texas, Abu Dhabi, UAE and
Windhoek, Namibia.

Hydrocarb Energy reported a net loss of $6.55 million on $5.06
million of revenues for the year ended July 31, 2014, compared to
a net loss of $37.5 million on $7.07 million of revenues for the
year ended July 31, 2013.

As of April 30, 2015, the Company had $27.6 million in total
assets, $24.2 million in total liabilities and $3.4 million in
total equity.

"A decline in the price of our common stock could result in a
reduction in the liquidity of our common stock and a reduction in
our ability to raise additional capital for our operations.
Because our operations to date have been largely financed through
the sale of equity securities, a decline in the price of our
common stock could have an adverse effect upon our liquidity and
our continued operations.  A reduction in our ability to raise
equity capital in the future could have a material adverse effect
upon our business plan and operations, including our ability to
continue our current operations," the Company stated in its
annual report for the year ended July 31, 2014.


IMS HEALTH: Moody's Hikes Corporate Family Rating to 'Ba3'
----------------------------------------------------------
Moody's Investors Service upgraded IMS Health Inc.'s Corporate
Family Rating to Ba3, from B1, and Probability of Default rating to
Ba3-PD, from B1-PD. Moody's also upgraded the ratings on IMS's
senior secured credit facilities, to Ba2 from Ba3, and its senior
unsecured notes, to B2 from B3. The outlook is stable.

Upgrades:

Issuer: IMS Health Incorporated

Probability of Default Rating, Upgraded to Ba3-PD from B1-PD

Corporate Family Rating (Local Currency), Upgraded to Ba3 from B1

Senior Secured Bank Credit Facilities, Maturing 2019 and 2021,
Upgraded to Ba2 from Ba3

Senior Unsecured Regular Bond/Debenture, Maturing 2020 and 2023,
Upgraded to B2 from B3

Outlook Actions:

Issuer: IMS Health Incorporated

Outlook, Remains Stable

Affirmations:

Issuer: IMS Health Incorporated

Speculative Grade Liquidity Rating, Affirmed SGL-2

RATINGS RATIONALE

The upgrade of IMS's CFR to Ba3, from B1, reflects Moody's
expectations for strong free cash flows, on the order of at least
$400 million annually as a result of lower interest expense and
continued strong, low-30% EBITDA margins, which may expand from
ongoing cost-reduction efforts. Moody's anticipates some
acquisitions to support modest organic growth in revenues, which
otherwise should increase in the range of 3 or 4% annually. Strong
free cash flows and growth in absolute EBITDA levels should enable
IMS to delever, to around 4.5 times in mid-2016, and 4.0 times by
late 2016. Moody's also expects that IMS, operating with diminished
private equity sponsor control, will not pursue financial policies
that would increase financial leverage. The Ba3 Corporate Family
Rating ("CFR") recognizes IMS's leading market position and the
difficulty competitors face in duplicating the scope of its
databases. While competitors exist, no other company approaches
IMS's global scale or importance to its large pharmaceutical
customers. Additionally, the criticality of the data IMS provides
to its customers drives high retention.

The large, leverage-neutral acquisition of Paris-based Cegedim made
earlier this year has complemented IMS's global and technological
footprint, and should allow the favorable deleveraging trend begun
after the IPO to continue. Given our expectations for strong and
generally predictable annual free cash flows, IMS should be able to
sustain historically strong cash balances for supporting
increasingly global operations. IMS's good liquidity position is
captured in the SGL-2 liquidity rating. The ratings could be raised
with maintenance of debt-to-EBITDA approaching 3.5 times,
free-cash-flow-to-debt solidly above 10% on a sustained basis, and
a demonstrated commitment to balanced financial policies. The
ratings could be downgraded if we expect slower revenue growth or a
sustained decline in EBITDA due to competitive pressures or
difficulty integrating acquisitions. Additionally, if we expect
debt to EBITDA to be off its post-IPO trajectory of holding below
5.0 times over the intermediate term, the rating could be pressured
down.

Danbury, CT-based IMS Health, Inc. provides critical sales and
other market intelligence primarily to pharmaceutical and biotech
companies. The company undertook an IPO in April 2014, and
continues to be majority owned by affiliates of TPG Capital, L.P.,
the Canadian Pension Plan Investment Board, and Leonard Green &
Partners, L.P., all of whom have sold some of their holdings since
the IPO. Including the early 2015 Cegedim and other, smaller
acquisitions, Moody's anticipates IMS will have pro-forma annual
revenues of about $3.2 billion.



INDIGO DEVELOPMENT: Case Summary & 3 Top Unsecured Creditors
------------------------------------------------------------
Debtor: Indigo Development LLC
        4020 Colorado Avenue
        Nashville, TN 37209

Case No.: 15-07022

Chapter 11 Petition Date: September 30, 2015

Court: United States Bankruptcy Court
       Middle District of Tennessee (Nashville)

Judge: Hon. Marian F Harrison

Debtor's Counsel: Joseph P Rusnak, Esq.
                  TUNE ENTREKIN & WHITE PC
                  315 Deaderick Street Ste 1700
                  Nashville, TN 37238-1700
                  Tel: 615 244-2770
                  Fax: 615 244-2778
                  Email: JRUSNAK@TEWLAWFIRM.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lindsay Miller, president.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/tnmb15-07022.pdf


INFINITY ENERGY: Three Directors Elected to Board
-------------------------------------------------
At the annual meeting of stockholders of Infinity Energy Resources,
Inc. held on Sept. 25, 2015, the stockholders:

  (a) elected Stanton E. Ross, Leroy C. Richie and Daniel F.
      Hutchins as directors;

  (b) approved an amendment to the Company's Certificate of
      Incorporation to effect a reverse split of its outstanding
      shares of common stock, par value $0.0001 per share, by a
      ratio in the range of 1-for-8 and 1-for-11, as determined in
      the sole discretion of its Board of Directors;

  (c) approved the 2015 Stock Option and Restricted Stock Plan and

      reserve 5,000,000 shares for issuance under the Plan; and

  (d) ratified the appointment of RBSM LLP as the independent
      registered accounting firm of the Company for the year
      ending Dec. 31, 2015.

                      About Infinity Energy

Overland Park, Kansas-based Infinity Energy Resources and its
subsidiaries, are engaged in the acquisition and exploration of
oil and gas properties offshore Nicaragua in the Caribbean Sea.

In its report on the consolidated financial statements for the
year ended Dec. 31, 2014, RBSM, LLP, expressed substantial doubt
about the Company's ability to continue as a going concern, citing
that the Company has suffered recurring losses, has no on-going
operations, and has a significant working capital deficit.

The Company reported a net loss of $3.68 million for the year ended
Dec. 31, 2014, compared with a net loss of $2.43 million during the
prior year.

As of June 30, 2015, the Company had $9.6 million in total assets,
$19.3 million in total liabilities and a stockholders' deficit of
$9.61 million.


INSITE VISION: Sun Pharma Has Tender Offer of $0.35 Per Share
-------------------------------------------------------------
Sun Pharmaceutical Industries Ltd. has commenced a tender offer
through its indirect wholly owned subsidiary, Thea Acquisition
Corporation, for all of the outstanding shares of common stock of
InSite Vision Incorporated for $0.35 per share in cash, without
interest and less any required withholding taxes.

The tender offer is being made pursuant to an Offer to Purchase,
dated Sept. 29, 2015, and in connection with the previously
announced Agreement and Plan of Merger, dated Sept. 15, 2015, as
amended and restated as of Sept. 28, 2015, by and among InSite
Vision, Ranbaxy, Inc. and Thea Acquisition Corporation.

The tender offer will expire on Oct. 27, 2015, at 12:00 midnight.
New York City time (the end of the day), unless extended in
accordance with the Merger Agreement and the applicable rules and
regulations of the Securities and Exchange Commission.  Any
extension of the tender offer will be followed as promptly as
practicable by public announcement thereof, and such announcement
will be made no later than 9:00 a.m. New York City time on the next
business day after the previously scheduled expiration date.

The tender offer is subject to customary conditions, including the
tender of a majority of the outstanding Shares (calculated on a
fully-diluted basis).  InSite Vision's board of directors has also
approved the transaction and unanimously recommended that its
stockholders tender their shares pursuant to the tender offer.

Thea Acquisition Corp. filed with the Securities and Exchange
Commission a tender offer statement on Schedule TO, setting forth
in detail the terms of the tender offer.  InSite Vision filed  with
the SEC a Solicitation/Recommendation Statement on Schedule 14D-9
setting forth in detail, among other things, the recommendation of
InSite Vision's board of directors that InSite Vision stockholders
accept the tender offer and tender their Shares pursuant to the
offer.

The Depositary for the tender offer is American Stock Transfer &
Trust Company, LLC.  The Information Agent for the tender offer is
MacKenzie Partners, Inc.  The tender offer materials may be
obtained at no charge by downloading them from the SEC's Web site
at http://www.sec.gov. A copy of the tender offer statement and
InSite Vision's Solicitation/Recommendation Statement on Schedule
14D-9 will be made available to all stockholders of InSite Vision
free of charge on InSite Vision's Web site at www.InSiteVision.com
or by contacting InSite Vision at 510-747-1220.

                           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.


J MILLER ENTERPRISES: Case Summary & 8 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: J Miller Enterprises LLC
           dba Aspen Construction Group
        4020 Colorado Avenue
        Nashville, TN 37209

Case No.: 15-07020

Chapter 11 Petition Date: September 30, 2015

Court: United States Bankruptcy Court
       Middle District of Tennessee (Nashville)

Judge: Hon. Marian F Harrison

Debtor's Counsel: Joseph Rusnak, Esq.
                  TUNE ENTREKIN & WHITE PC
                  315 Deadrick Street Ste 1700
                  Nashville, TN 37238-1700
                  Tel: 615 244-2770
                  Fax: 615 244-2778
                  Email: JRUSNAK@TEWLAWFIRM.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lindsay Miller, president.

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/tnmb15-07020.pdf


KALOBIOS PHARMACEUTICALS: Accumulated Deficit at $194M at June 30
-----------------------------------------------------------------
KaloBios Pharmaceuticals, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing a
net loss of $6.04 million for the three months ended June 30, 2015,
compared with a net loss of $9.81 million for the same period in
2014.

The Company's balance sheet at June 30, 2015, showed $24.8 million
in total assets, $14.29 million in total liabilities, and
stockholders' equity of $10.5 million.

The Company has incurred significant losses and had an accumulated
deficit of $194 million as of June 30, 2015.  The Company has
financed its operations primarily through the sale of equity
securities, grants and the payments received under its agreements
with Novartis Pharma AG (Novartis) and Sanofi Pasteur S.A.
(Sanofi).  To date, none of the Company's product candidates have
been approved for sale and therefore the Company has not generated
any revenue from product sales.  Management expects operating
losses to continue for the foreseeable future.  As a result, the
Company will continue to require additional capital through equity
offerings, debt financing and/or payments under new licensing or
collaboration agreements.  If sufficient funds on acceptable terms
are not available when needed, the Company could be required to
significantly reduce its operating expenses and delay, reduce the
scope of, or eliminate one or more of its development programs.
The Company's ability to access capital when needed is not assured
and, if not achieved on a timely basis, would materially harm its
business, financial condition and results of operations.  Further,
any failure to raise capital could be deemed a material adverse
change under our Loan and Security Agreement with MidCap Financial
and that may, in turn, result in the lender declaring the loan in
default and demanding repayment of the principal, accrued interest,
the exit fee and a prepayment fee.  These conditions could raise
substantial doubt about the Company's ability to continue as a
going concern.

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

                       http://is.gd/AoTGQ2
                          
                  About KaloBios Pharmaceuticals

Based in South San Francisco, Calif., KaloBios Pharmaceuticals,
Inc., is a company biopharmaceutical company focused on the
development of monoclonal antibody therapeutics.

The Company reported a net loss of $9.62 million on $nil of
revenues for the three months ended Mar. 31, 2015, compared
with a net loss of $10.4 million on $nil of revenue for the
same period last year.

The Company's balance sheet at March 31, 2015, showed $32.0
million in total assets, $15.9 million in total liabilities,
and a stockholders' deficit of $16.1 million.


KEMET CORP: Presented at Deutsche Bank Conference
-------------------------------------------------
Per--Olof Loof, chief executive officer, and William M. Lowe, Jr.,
executive vice president and chief financial officer, of KEMET
Corporation provided certain investor information at Deutsche Bank
Leveraged Finance Conference on Sept. 29, 2015.  The slide package
prepared by the Company used in connection with these presentations
is available for free at:

                        http://is.gd/KFUKMr

                            About KEMET

KEMET, based in Greenville, South Carolina, is a manufacturer and
supplier of passive electronic components, specializing in
tantalum, multilayer ceramic, film, solid aluminum, electrolytic,
and paper capacitors.  KEMET's common stock is listed on the NYSE
under the symbol "KEM."

As of June 30, 2015, Kemet had $750 million in total assets, $619
million in total liabilities and $131 million in total
stockholders' equity.

                           *     *     *

As reported by the TCR on March 26, 2013, Moody's Investors
Service downgraded KEMET Corp.'s Corporate Family Rating to 'Caa1'
from 'B2' and the Probability of Default Rating to 'Caa1-PD' from
'B2- PD' based on Moody's expectation that KEMET's liquidity will
be pressured by maturing liabilities and negative free cash flow
due to the interest burden and continued operating losses at the
Film and Electrolytic segment.

As reported by the TCR on Aug. 9, 2013, Standard & Poor's Ratings
Services lowered its corporate credit rating on KEMET to 'B-' from
'B+'.  "The downgrade is based on continued top-line and margin
pressures and lagging results from the restructuring of the Film &
Electrolytic [F&E] business, which combined with cyclical weak
end-market demand, has resulted in sustained, elevated leverage
well in excess of 5x, persistent negative FOCF, and diminishing
liquidity," said Standard & Poor's credit analyst Alfred
Bonfantini.

The TCR reported in August 2014 that S&P revised its outlook on
KEMET to 'stable' from 'negative'.  S&P affirmed the ratings,
including the 'B-' corporate credit rating.


KU6 MEDIA: Launches "Model Interactive Community"
-------------------------------------------------
Ku6 Media Co., Ltd. held a press conference to launch a new
business of video social communication to be known as "Model
Interactive Community".

The press conference successfully attracted approximately 40
well-known media companies, including Sina, NetEase, Xinhuanet and
others.  "Model Interactive Community" is an online live video
communication program where models can interact with visitors
directly.

"It's my pleasure to announce that our new business, the 'Model
Interactive Community,' has been successfully launched," Mr. Feng
Gao, chief executive officer of Ku6 Media, commented, "we believe
that the new business will bring more user traffic and
opportunities for revenue growth in the future."

                         About Ku6 Media

Ku6 Media Co., Ltd. -- http://ir.ku6.com/-- is an Internet video
company in China focused on User-Generated Content.  Through its
premier online brand and online video Web site --
http://www.ku6.com/-- Ku6 Media provides online video uploading
and sharing service, video reports, information and entertainment
in China.

Ku6 Media reported a net loss of $10.7 million in 2014 following a
net loss of $34.4 million in 2013.

As of June 30, 2015, the Company had US$8.91 million in total
assets, US$14.3 million in total liabilities, and a total
shareholders' deficit of US$5.42 million.

PricewaterhouseCoopers Zhong Tian LLP, in Shanghai, the People's
Republic of China, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that the Company's recurring losses, negative working
capital, net cash outflows, and uncertainties associated with
significant changes made, or planned to be made, in respect of the
Company's business model, raise substantial doubt about the
Company's ability to continue as a going concern.


LEHMAN BROTHERS: Judge Rules for JPMorgan in $8.6-Billion Suit
--------------------------------------------------------------
Patrick Fitzgerald, writing for Dow Jones' Daily Bankruptcy Review,
reported that a federal judge in New York granted a victory to J.P.
Morgan & Co. in its $8.6 billion legal fight with Lehman Brothers
Holdings Inc.'s, rejecting the failed investment bank's claim that
J.P. Morgan illegally siphoned billions of dollars from Lehman
before the bank's collapse.

According to the report, Judge Richard Sullivan of the U.S.
District Court in New York said J.P. Morgan didn't abuse its
leverage as Lehman's primary clearing bank to force the investment
bank to hand over more collateral in the weeks before its historic
September 2008 collapse.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the

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

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

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

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

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

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

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

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

Following the 8th distribution slated for October 2015, total
payouts to creditors in the firm's bankruptcy have reached
approximately $105.4 billion.


LESLIE'S POOLMART: Moody's Hikes Corporate Family Rating to 'B2'
----------------------------------------------------------------
Moody's Investors Service upgraded Leslie's Poolmart, Inc.
Corporate Family Rating to B2 from B3 and Probability of Default
Rating to B2-PD from B3-PD. Moody's also upgraded the senior
secured term loan rating to B1 from B2. These actions conclude the
review for upgrade initiated on June 16, 2015 upon the adoption of
Moody's updated approach for standard adjustments for operating
leases, which is explained in the cross-sector rating methodology
Financial Statement Adjustments in the Analysis of Non-Financial
Corporations, published on June 15, 2015. The rating outlook is
stable.

The upgrade reflects Leslie's approximately 0.8 times decline in
lease-adjusted debt/EBITDA from 7.1 times to 6.3 times (as of June
27, 2015) due to changes in Moody's approach for capitalizing
operating leases. The stability in demand for pool supplies
relative to other consumer products and the company's good
liquidity profile, including its ability to generate positive
annual free cash flow even during periods of unfavorable weather
patterns, also support the rating upgrade.

Moody's took the following rating actions on Leslie's Poolmart,
Inc.:

-- Corporate Family Rating, upgraded to B2 from B3

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

-- $615 million first lien senior secured term loan due 2019,
    upgraded to B1 (LGD3) from B2 (LGD3)

-- Rating outlook is stable

RATINGS RATIONALE

The B2 Corporate Family Rating reflects Leslie's small scale,
narrow product focus, vulnerability to weather patterns and highly
seasonal operations. The rating also incorporates the company's
high debt levels, with debt/EBITDA at 6.3 times and EBITA/interest
expense at 1.5 times as of June 27, 2015 (Moody's-adjusted), and
aggressive financial policies. Nevertheless, the rating is
supported by the recession-resistant nature of demand for pool
supplies, the company's track record of consistent revenue and
earnings growth (outside recent weather-related weakness), solid
EBITA margins, and good liquidity, including consistent positive
free cash generation. Moody's believes that Leslie's negative
same-store sales and EBITDA margin contraction since 2013 reflect
primarily unfavorable weather as well as pressure from online
competition and possibly a shift away from DIY pool maintenance as
the economy improves. Moody's anticipates that the company will be
able to successfully adapt to ecommerce competition by capitalizing
on its differentiated service and brand name, but expect future
earnings growth to be more muted than historical performance due to
increased price transparency and ecommerce investment.

The stable rating outlook reflects the expectation for low- to
mid-single-digit earnings growth, primarily from new store openings
and growth in the commercial segment. The outlook also reflects
Moody's view that the company will maintain a good liquidity
profile, including positive free cash flow generation, but will
continue to prioritize the use of cash towards dividends, bolt-on
acquisitions and new store openings rather than debt reduction.

The ratings could be downgraded if the company's operating
performance deteriorates in a way that causes higher financial
leverage or weakened liquidity. Quantitatively, the ratings could
be downgraded if debt/EBITDA is sustained above 6.25 times and
EBITA/interest expense approaches 1.25 times.

An upgrade would require a commitment to more conservative
financial policies, including the use of free cash flow towards
debt repayment. Quantitatively, the ratings could be upgraded if
debt/EBITDA is sustained below 5 times and EBITA/interest expense
is sustained above 2 times.

Leslie's Poolmart, Inc. is a specialty pool supplies retailer with
887 stores (as of June 27, 2015). Leslie's is jointly owned by CVC
Capital Partners (majority ownership) and Leonard Green & Partners.
Revenues for the twelve months ended June 27, 2015 were
approximately $691 million.



LIBERATOR INC: Needs More Time to File 2015 Form 10-K
-----------------------------------------------------
Liberator, Inc. notified the Securities and Exchange Commission
that it has experienced a delay in completing the information
necessary for inclusion in its June 30, 2015, Form 10-K Annual
Report.  The Company expects to file the Annual Report within the
allotted extension period.

                        About Liberator Inc.

Atlanta, Georgia-based Liberator is a vertically integrated
manufacturer that designs, develops and markets products and
accessories that enhance intimacy.  Liberator is also a nationally
recognized brand trademark, brand category and a patented line of
products commonly referred to as sexual positioning shapes and sex
furniture.

Liberator disclosed a net loss of $376,000 on $14.7 million of
net sales for the year ended June 30, 2014, compared to a net loss
of $288,000 on $13.8 million of net sales for the year ended June
30, 2013.

As of March 31, 2015, the Company had $3.41 million in total
assets, $5.33 million in total liabilities, and a $1.91 million
total stockholders' deficit.

Liggett, Vogt & Webb, P.A., in Boynton Beach, Florida, 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 a net loss of $376,000, a
working capital deficiency of $1.69 million, an accumulated deficit
of $8.42 million and a negative cash flow from continuing
operations of $199,000.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.


LPATH INC: CFO Gary Atkinson Named Interim CEO
----------------------------------------------
Lpath, Inc. announced that Gary Atkinson has been appointed interim
chief executive officer of the Company, effective immediately.  Mr.
Atkinson will continue to serve as Lpath's chief financial
officer.

Mr. Atkinson joined Lpath as CFO in 2005, and has more than 20
years of experience with life science companies.  Prior to Lpath,
he served as the CFO for Quorex Pharmaceuticals, which was acquired
by Pfizer.  He also previously served as vice president of finance
at Isis Pharmaceuticals, and as a financial consultant to Ichor
Medical Systems.  Earlier in his career, Mr. Atkinson served as the
corporate controller at Loral Aerospace Corporation and as the
director of financial planning at Cubic Corporation. Mr. Atkinson
began his career at Ernst and Young.  He is a graduate of Brigham
Young University.

"In an increased capacity, Gary will lead our organization to
advance Lpath's portfolio of differentiated, bioactive
lipid-targeted drug candidates, and capitalize upon our assets --
whether independently or through collaborations -- to realize value
for our shareholders and our company," said Daniel Petree, chairman
of Lpath's board of directors.

"The Lpath team is optimistic about the opportunities inherent in
our technology platform and drug candidates," said Mr. Atkinson.
"In my expanded role, I will continue to focus on driving our most
promising drug compounds to near-term, important inflection points,
which should provide us with a variety of strategic avenues for
value creation," said Mr. Atkinson.

Petree added, "We are also grateful to Mike Lack who stepped-in to
help guide Lpath through a transition period.  His contract has
concluded, and we wish him well in his future endeavors."

On Sept. 23, 2015, the Board of Directors of Lpath concluded its
consulting agreement with Michael Lack, the Company's interim chief
executive officer, effective as of Sept. 30, 2015.  Pursuant to the
terms of the Consulting Agreement, Mr. Lack will be deemed to have
resigned from his positions as interim chief executive officer and
principal executive officer on Sept. 30, 2015.  The Board
terminated the Consulting Agreement without cause, and there is no
disagreement between Mr. Lack and the Board on any matter related
to the Company or its operations.

                            About LPath

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

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

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


MAGNETATION LLC: Wants Until Feb. 29 to File Chapter 11 Plan
------------------------------------------------------------
BankruptcyData reported that Magnetation LLC, et al., filed with
the U.S. Bankruptcy Court a second motion to extend the exclusive
period during which the Company can file a Chapter 11 plan and
solicit acceptances thereof until Feb. 29, 2016, and April 29,
respectively.

The motion explains, "The Debtors seek these extensions to avoid
the necessity of having to pursue confirmation of a plan of
reorganization prematurely and to ensure that their plan of
reorganization best addresses the interests of the Debtors and
their employees, creditors and estates. . . .

Specifically, an extension of the Debtors' exclusive periods is
required to enable the Debtors to: (a) resolve their contractual
arrangement with AK Steel going forward; (b) continue to refine
their business model to deliver both a more efficient cost
structure and future revenue growth so that the Debtors can
continue to compete effectively in the iron ore industry; (c)
further implement specific restructuring initiatives; (d) complete
analysis of the Debtors' executory contracts and leases; (e) secure
adequate liquidity upon emergence from chapter 11; and (f) further
develop support for a plan of reorganization reflecting the
initiatives set forth above and others that are underway."  

The Court scheduled an Oct. 13, hearing, with objections due by
Oct. 8.

As reported by the Troubled Company Reporter on Sept. 25, 2015,
the Debtors, in August filed a proposed Joint Plan of
Reorganization plan in order to satisfy an applicable milestone
in
the DIP Credit Agreement and the Restructuring Support Agreement.

The Plan still has blanks as to the proposed treatment and
estimated recovery for general unsecured claims and convenience
class claims.  Holders of interests in Mag LLC won't receive
anything and their interests would be cancelled.  The proposed
treatment of the secured creditors is already set forth in the
RSA:

  -- Claims arising under the DIP facility will be exchange for
the
new first lien term loan credit facility that reorganized
Magnetation will enter into on the on the Effective Date.

  -- Holders of claims under the $65 million prepetition credit
facility are unimpaired and will be paid in full.

  -- Holders of the $425 million in senior secured notes due 2018
will receive new second lien notes in the principal amount of
$232.5 million, 75% of the new common stock of Mag LLC, and 90% of
the new convertible preferred stock (face amount of $138.9
million.

Whether the noteholders are impaired or unimpaired, and
consequently their voting rights, is still unknown under the
present iteration of the Plan.  The remaining 25% of the new common
stock will be distributed as part of a management incentive plan
and will vest after 3 years, according to the RSA.

The lenders providing a DIP term loan facility of up to $135
million have required the Debtors to file a plan of reorganization
in the form acceptable to the lenders on or before the 90th day
after the Petition Date.  The Debtors are required to obtain
confirmation of the plan, or in the alternative obtain approval of
an 11 U.S.C. Sec. 363 sale, on or before the 175th day after the
Petition Date, which is around the end of October.

The Debtors said in a motion seeking an exclusivity extension that
the Plan is in the form and substance acceptable to the Lenders.
While the Plan embodies the agreements, terms and conditions set
forth in the RSA, the Debtors believe that additional negotiation
and the resolution of certain key contingencies, including the
Debtors' contractual arrangement with its sole customer, AK Steel
Corporation and recoveries to unsecured creditors, are necessary
before they can file a disclosure statement that contains adequate
information and solicit votes on the Plan.

As of Sept. 23, 2015, the Debtors have not yet submitted a
Disclosure Statement.

Votes to accept or reject a plan cannot be solicited from holders
of Claims or interests entitled to vote on a plan until a
disclosure statement has been approved by a bankruptcy court and
distributed to such holders.

A copy of the Reorganization Plan is available for free at:

     http://bankrupt.com/misc/Magnetation_Aug3_Plan.pdf

                     About Magnetation LLC

Magnetation LLC -- http://www.magnetation.com/-- is a joint   
venture between Magnetation, Inc. (50.1% owner) and AK Iron
Resources, LLC, an affiliate of AK Steel Corporation (49.9%
owner).  Magnetation LLC recovers high-quality iron ore concentrate
from
previously abandoned iron ore waste stockpiles and tailings
basins.  Magnetation LLC owns iron ore concentrate plants located
in
Keewatin, MN, Bovey, MN and Grand Rapids, MN, and an iron ore
pellet plant in Reynolds, IN.  

Magnetation LLC and four subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. D. Minn. Lead Case No. 15-50307) in Duluth,
Minnesota, on May 5, 2015, after reaching a deal with secured
noteholders on a balance sheet restructuring.  The cases are
assigned to Chief Judge Gregory F Kishel.

The Debtors have tapped Davis Polk & Wardwell LLP and Lapp, Libra,
Thomson, Stoebner & Pusch, Chtd., as attorneys; Blackstone
Advisory Partners LP as financial advisor; and Donlin, Recano &
Company,
Inc., as the claims agent.

The U.S. Trustee for Region 12 appointed three creditors of
Magnetation LLC to serve on an official committee of unsecured
creditors.

                           *     *     *

The Debtors have obtained an extension until Nov. 1, 2015, of
their
exclusive period to propose a Chapter 11 plan, and until Dec. 31,
2015, of the time to solicit acceptances for that plan.


MCCLATCHY CO: Bestinver Gestion Owns 4.91% of Class A Shares
------------------------------------------------------------
Bestinver Gestion S.A., SGIIC disclosed in a Schedule 13G filed
with the Securities and Exchange Commission on Sept. 28, 2015, that
it beneficially owned 3,080,257 shares of Class A Common Stock of
The McClatchy Company representing 4.91 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/Evfmoy

                  About The McClatchy Company

Sacramento, Cal.-based The McClatchy Company (NYSE: MNI)
-- http://www.mcclatchy.com/-- is a media company that provides
both print and digital news and advertising services.  Its
operations include 30 daily newspapers, community newspapers,
websites, mobile news and advertising, niche publications, direct
marketing and direct mail services.  Its owned newspapers include,
among others, the (Fort Worth) Star-Telegram, The Sacramento Bee,
The Kansas City Star, the Miami Herald, The Charlotte Observer,
and The (Raleigh) News & Observer.  The Company holds interest in
digital assets which include CareerBuilder, LLC, Classified
Ventures, LLC, HomeFinder, LLC, and Wanderful Media.

McClatchy Co reported net income of $374 million on $1.14 billion
of net revenues for the year ended Dec. 28, 2014, compared with net
income of $18.8 million on $1.21 billion of net revenues for the
year ended Dec. 29, 2013.

As of June 28, 2015, the Company had $1.9 billion in total assets,
$1.7 billion in total liabilities and $201.9 million in
stockholders' equity.

                           *     *     *

McClatchy carries a 'Caa1' corporate family rating from Moody's
Investors Service.  In May 2011, Moody's changed the rating
outlook from stable to positive following the company's
announcement that it closed on the sale of land in Miami for
$236 million.  The outlook change reflects Moody's expectation
that McClatchy will utilize the net proceeds to reduce debt,
including its underfunded pension position, which will reduce
leverage by approximately half a turn and lower required
contributions to the pension plan over the next few years.

As reported by the TCR on April 2, 2014, Standard & Poor's Ratings
Services affirmed all ratings on U.S. newspaper company The
McClatchy Co., including the 'B-' corporate credit rating, and
revised the rating outlook to stable from positive.  The outlook
revision to stable reflects S&P's expectation that the
timeframe for a potential upgrade lies beyond the next 12 months,
and could also depend on the company realizing value from its
digital minority interests.


MEDIASHIFT INC: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

        Debtor                                 Case No.
        ------                                 --------
        MediaShift, Inc.                       15-25024
        600 N. Brand Blvd., Suite 230
        Glendale, CA 91203

        Ad-Vantage Networks, Inc.              15-25030   
        600 N. Brand Blvd., Suite 230
        Glendale, CA 91203

Type of Business: MediaShift, Inc. is a digital advertising   
                  technology company.  The Company, through its
                  subsidiaries offers operators of private
                  Internet networks to monetize their audiences
                  through distributed ad technology platforms and
                  across multiple devices.

Chapter 11 Petition Date: September 30, 2015

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

Judge: Hon. Sandra R. Klein

Debtors' Counsel: Todd M Arnold, Esq.
                  LEVENE, NEALE, BENDER, YOO & BRILL L.L.P
                  10250 Constellation Blvd Ste 1700
                  Los Angeles, CA 90067
                  Tel: (310) 229-1234
                  Fax: (310) 229-1244
                  Email: tma@lnbyb.com

                     - and -

                  Ron Bender, Esq.
                  LEVENE, NEALE, BENDER, YOO & BRILL L.L.P
                  10250 Constellation Blvd Ste 1700
                  Los Angeles, CA 90067
                  Tel: 310-229-1234
                  Email: rb@lnbyb.com

                                          Estimated    Estimated
                                           Assets     Liabilities
                                         -----------  -----------
MediaShift, Inc.                         $10MM-$50MM  $10MM-$50MM
Ad-Vantage Networks, Inc.                $10MM-$50MM  $10MM-$50MM

The petition was signed by Rick Baran, president.

A. List of MediaShift, Inc.'s 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Eastward Capital Partners V, LP                        $2,322,385
432 Cherry St.
West Newton, MA 02465

Stradling Yocca Carlson & Rauth                          $291,830
660 Newport Center Dr. Suite
1600 Newport Beach, CA
92660-6441

Winthrop Couchot                                         $147,666
Professional Corporation

Glenn Lebowitz                                           $100,000

Barry R Gosnell                                          $100,000

Lotame Solutions Inc.                                     $88,169

Phil Usher                                                $69,919

Spencer Edwards, Inc.                                     $69,300

Essenture Incorporated                                    $65,250

Venkat Nimmagadda                                         $60,520

Chris Hartley                                             $56,652

David Eastman                                             $54,173

Ian Peters                                                $54,101

Tracy Norton                                              $49,149

Richard Silverberg                                        $49,149

Matt Yerington                                            $46,565

Molly Hughes                                              $44,629

Marshall Taggart                                          $40,008

Talent Merchants, Inc.                                    $34,125

Ronald N. Vance & Associates, P.C.                        $31,962

B. List of Ad-Vantage Networks, Inc.'s 20 Largest Unsecured    
   Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Kirby Enterprise Fund LLC                                $384,999
PO Box 3087
Greenwood Village, CO 80155

San Gabriel Fund LLC                                     $220,000

JMW Fund LLC                                             $220,000

GrowBiz Services                                         $199,150

West Hampton Special                                     $164,999

Situations Fund LLC

Richland Fund, LLC                                       $110,000

Advanced Wireless Group, LLC                              $96,936

Amazon Web Services                                       $88,684

Essenture Incorporated                                    $54,000

Ovation Networks, Inc.                                    $42,073

SWS Realty                                                $37,056

DKKD Staffing                                             $36,294

BSIM Consulting, Inc.                                     $25,122

Hotel Kiosks Inc.                                         $22,417

Mondo                                                     $18,000

CyberCoders, Inc.                                         $13,000

Knobbe Martens Olson & Bear LLP                           $11,707

Kirby Enterprise Management, LLC                          $11,000

Access Media 3, Inc.                                      $10,186

Harrison Grant                                             $5,394


METALICO INC: Suspending Filing of Reports with SEC
---------------------------------------------------
Metalico, Inc., filed a Form 15 with the Securities and Exchange
Commission to terminate the registration of its common stock, par
value US$0.001 per share.  As a result of the filing, the Company
is no longer obligated to file periodic reports with the SEC.

                          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.


MILLER ENERGY: Case Summary & 30 Largest Unsecured Creditors
------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

        Debtor                                   Case No.
        ------                                   --------
        Miller Energy Resources, Inc.            15-00313
        1001 Louisiana, Ste. 3100
        Houston, TX 77002

        Miller Energy Services, LLC              15-00314
        Miller Energy GP, LLC                    15-00315
        Miller Rig & Equipment, LLC              15-00316
        Miller Drilling, TN LLC                  15-00318
        East Tennessee Consultants, Inc.         15-00319
        East Tennessee Consultants II, LLC       15-00320
        Anchor Point Energy, LLC                 15-00321
        Savant Alaska, LLC                       15-00322
        Nutaaq Operating LLC                     15-00323

Type of Business: Energy Company

Chapter 11 Petition Date: October 1, 2015

Court: United States Bankruptcy Court
       District of Alaska (Anchorage)

Judge: Hon. Gary Spraker

Debtors' Counsel: Timothy A. Davidson, II, Esq.
                  David A. Zdunkewicz, Esq.
                  Joseph P. Rovira, Esq.
                  ANDREWS KURTH LLP
                  600 Travis, Ste 4200
                  Houston, TX 77002
                  Tel: 713-220-3810
                  Fax: 713-238-7102
                  Email: taddavidson@andrewskurth.com
                         dzdunkewicz@andrewskurth.com
                         josephrovira@andrewskurth.com

                    - and -

                  David H. Bundy, Esq.
                  DAVID H. BUNDY, P.C.
                  310 K Street, Suite 200
                  Anchorage, Alaska 99501
                  Tel: (907) 248-8431
                  Fax: (907) 248-8434
                  Email: dhb@alaska.net

Debtors'          SEAPORT GLOBAL SECURITIES
Financial
Advisor:

Total Assets: $392,559,000 as of January 31, 2015

Total Debts: $336,910,000 as of January 31, 2015

The petition was signed by Carl F. Giesler, Jr., chief executive
officer.

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Cudd Pressure Control Inc.            Trade Debt      $1,888,766
PO Box 910283
Dallas, TX 75391

Baker Hughes Business Support         Trade Debt      $1,550,541
Services
P.O. Box 301057
Dallas, TX 75303

Cruz Construction Inc.                Trade Debt      $1,098,266
7000 East Palmer-Wasilla Hwy
Palmer, AK 99645

Inlet Drilling Alaska Inc.            Trade Debt        $949,013
210 North Willow Street
Kenai, AK 99611

Schlumberger Technology Corp.         Trade Debt        $745,641
P.O. Box 201556
Houston, TX 77216

ExxonMobil Corporation                Trade Debt        $625,933
P.O. Box 951449
Dallas, TX 75395-1449

AIX Energy                            Trade Debt        $600,000
2441 High Timbers Drive
Suite 120
The Woodlands, TX 77380

DLA Piper LLP US                      Trade Debt        $552,744
P.O. Box 75190
Baltimore, MD 21275

Vetco Gray, Inc.                      Trade Debt        $511,310
PO Box 841017
Dallas, TX 75284

Alaska West Express                   Trade Debt        $508,896
P.O. Box 34026
Seattle, WA 98124

Patterson-UTI Drilling Company LLC    Trade Debt        $491,259
1660 Wynkoop St.
Denver, CO 80202

M-I LLC                               Trade Debt         $486,430
P.O. Box 732135
Dallas, TX 75373

KPMG LLP                              Trade Debt         $448,000
Dept. 0608
P.O. Box 12001
Dallas, TX 75312-0608

National Oilwell Varco L.P.           Trade Debt         $443,360
P.O. Box 201202
Dallas, TX 75320

DNOW, LP                              Trade Debt         $411,478
P.O. Box 200822
Dallas, TX 75320

ASRC Energy Services                  Trade Debt         $398,798
Project 5145
PO Box 241562
Anchorage, AK
99524-1562

Cruz Construction, Inc.                Trade Debt        $372,562
7000 East Palmer-Wasilla Hwy
Palmer, AK 99645

Tubular Solutions Alaska, Inc.         Trade Debt        $350,737
310 K Street, Suite #402
Anchorage, AK 99501

Vinson & Elkins LLP                    Trade Debt        $329,376
1001 Fannin Street Suite 2500
Houston, TX 77002

Halliburton Energy Services, Inc.      Trade Debt        $317,027
P.O. Box 301341
Dallas, TX 75303

Udelhoven Oilfield System              Trade Debt        $310,992
Services, Inc.
184 E. 53rd Avenue
Anchorage, Ak 99518

Production Testing Services, Inc.      Trade Debt        $292,001
6911 Signal Dr.
Houston, TX 77041-2718

Carol L. Inman                         Trade Debt        $288,395
P.O. Box 50
Anchor Point, AK 99556

All American Oilfield Associates LLC   Trade Debt        $276,781
14896 Kenai Spur
Hwy, Ste. 203
Kenai, AK 99611

Weathrford U.S. Holdings, LLC          Trade Debt        $257,351
P.O. Box 301003
Dallas, TX 75303-1003

Pollard Wireline Inc.                  Trade Debt        $256,352
P.O. Box 1360
Kenai, AK 99611

National Oilwell DHT, L.P.             Trade Debt        $203,315

Simpson Thacher, & Bartlett LLP        Trade Debt        $200,107

Quest Integrity USA, LLC               Trade Debt        $171,900

Korn/Ferry International               Trade Debt        $157,936


MILLER ENERGY: Files Voluntary Chapter 11 Bankruptcy Petition
-------------------------------------------------------------
Miller Energy Resources, Inc. on Oct. 1 disclosed that it and
certain of its subsidiaries have filed voluntary petitions for
reorganization under Chapter 11 of the United States Bankruptcy
Code in the United States Bankruptcy Court for the District of
Alaska.  Miller Energy has agreed upon a term sheet with Apollo
Investment Corp. and certain affiliates of Highbridge Capital
Strategies for a comprehensive financial restructuring that would
substantially reduce the Company's indebtedness, provide a
long-term solution for its balance sheet, enable the Company to
operate with minimal disruption and loss of productivity, and
protect and preserve its going-concern value for all stakeholders.

The Chapter 11 Cases were filed pursuant to a term sheet setting
forth a proposed plan of reorganization and a debtor-in-possession
loan facility of up to $20 million.  The Pre-Negotiated Bankruptcy
Plan requires that the Second Lien Lenders support and provide
funding for a proposed plan of reorganization of the Company and
its subsidiaries on terms and conditions substantially similar to
those set forth in the Plan Term Sheet.

Miller Energy and its subsidiaries will continue to manage their
properties and operate their businesses in the ordinary course
throughout the Chapter 11 process while the Company seeks
confirmation of the Pre-Negotiated Bankruptcy Plan under the
jurisdiction of the Bankruptcy Court.

To oversee the bankruptcy process and seek out any additional
opportunities outside the Pre-Negotiated Bankruptcy Plan to
maximize the value of the Company and its assets, Miller's Board of
Directors has established a restructuring committee consisting of
four members with equal voting power.  The four members are the
Company's three independent directors -- Mr. Haag Sherman, Mr. Bob
Gower and Mr. Gerald Hannahs -- and Miller's Chief Executive
Officer, Mr. Carl Giesler.

The Company in March 2015 began its previously-disclosed capital
repositioning process in order to stabilize its financial position,
improve its balance sheet and maximize the value of its assets for
all stakeholders.  As part of that process, Miller Energy met with
more than 75 prospective lenders and potential non-core asset
purchasers.  The Company had secured from a private financing
source a signed term sheet for a more than $165 million loan that
would largely refinance the Company's outstanding debt.
Additionally, the Company had secured signed letters of intent on
several non-core asset sales.  The loan and the non-core asset
sales, coupled with the cash State of Alaska tax credits owed to
the Company, may have provided Miller Energy sufficient funding to
restructure its financial position outside of bankruptcy.  The
private financing source, however, recently terminated negotiations
with the Company, citing the initiation of administrative
proceedings against the Company by the Securities and Exchange
Commission Division of Enforcement as well as the involuntary
bankruptcy petition filed against a subsidiary of the Company by
affiliates of Baker Hughes and Schlumberger.

A confluence of factors led to the Miller Energy's need to pursue
this financial restructuring.  The Company believes that, among
those factors, the most notable are (1) the recent withdrawal by
that private financing source from talks with the Company, (2) the
substantial decline in Brent oil prices from greater than $100 per
barrel in September 2014 to less than $50 per barrel recently and
(3) an ambitious drilling plan implemented during the relatively
high oil price environment of calendar 2014 that resulted in
meaningfully lower-than-expected additional production.

Miller Energy's Board and management believe this financial
restructuring in bankruptcy is a necessary and prudent step that
represents the best path forward for the Company.  In addition,
Miller Energy believes that the Pre-Negotiated Bankruptcy Plan will
allow it to target an accelerated timeline for emergence from
bankruptcy, at which point it expects to be a stronger, more
competitive company.  Miller Energy believes this plan will
optimize the value and productivity of the Company for all its
stakeholders, including its vendors and the State of Alaska.

The Chapter 11 process should allow Miller Energy to preserve the
value of its assets and to operate its business with minimal
interruption while management implements the restructuring in a
deliberate, court-supervised manner.  Miller Energy would like to
thank its employees, whose hard work, focus and dedication has been
and will remain essential to continued operations.

As it proceeds with its financial restructuring, the Company
expects, based on current commodity prices, that its cash on hand
and cash from operating activities coupled with its expected state
cash tax credit receipts and its DIP Facility of up to $20 million
will be adequate to fund its projected cash needs, including the
ongoing and timely payment of operating costs and expenses.

In addition to the filing of the Chapter 11 Cases, Miller Energy
asked the Bankruptcy Court to consider several "first day" motions
on an expedited basis enabling it to continue its operations in the
ordinary course.  Importantly, the Company expects to pay timely
all its vendors and other service providers in full for
going-forward services and its employees' salaries and benefits,
while maintaining its cash management systems.

Under the terms of the Pre-Negotiated Bankruptcy Plan, the Second
Lien Lenders will convert a substantial amount of their existing
loan into equity in the reorganized Company.  The resulting
reorganized company is, as a result, expected to be
well-capitalized, competitive and able to grow its operations.

The Second Lien Lenders may terminate the Pre-Negotiated Bankruptcy
Plan under certain circumstances, including if (i) a termination
event occurs under the DIP Facility, including if the Company fails
to meet certain milestones, (ii) the Chapter 11 Cases are converted
to a chapter 7 liquidation or dismissed, or (iii) a trustee or
examiner with expanded powers is appointed.

The Company can terminate the Pre-Negotiated Bankruptcy Plan if it
believes in good faith that its fiduciary duties require that
plan's withdrawal.

The Restructuring Committee has directed that Miller's financial
advisor, Seaport Global Securities, in conjunction with management
and at the direction of the Restructuring Committee, continue
efforts to solicit alternative refinancing, asset sale and
restructuring proposals.  SGS and management will report all
potential offers to the Restructuring Committee for their
evaluation with the goal of ensuring that the Company maximizes the
overall recoveries for its stakeholders.

Miller Energy has retained Andrews Kurth LLP as legal counsel.

                  About Miller Energy Resources

Miller Energy Resources, Inc. --
http://www.millerenergyresources.com-- is an oil and natural gas
production company focused on Alaska.  The Company has a
substantial acreage, reserve, and resource position in the State,
significant midstream and rig infrastructure to support production,
and 100% working interest in and operatorship of most of its
assets.  Miller Energy manages its operations from Anchorage with
additional administrative offices in the lower 48.



MVP HEALTH: A.M. Best Hikes Finc'l Strength Rating to B+(Good)
--------------------------------------------------------------
A.M. Best Co. has affirmed the financial strength rating (FSR) of
B+ (Good) and the issuer credit ratings (ICR) of "bbb-" of MVP
Health Plan, Inc. and its affiliate, MVP Health Service Corp.
Additionally, A.M. Best has upgraded the FSR to B+ (Good) from B
(Fair) and the ICR of "bbb-" from "bb" of MVP Health Insurance
Company.  Concurrently, A.M. Best has withdrawn the FSR of B (Fair)
and the ICR of "bb" of MVP Health Insurance Company of New
Hampshire, Inc. (Bedford, NH).  The outlook for all ratings remains
stable, except for the outlook on MVP Health Services Corp's
ratings, which was revised to stable from negative.  Collectively,
all companies are subsidiaries of their direct parent, MVP Health
Care, Inc., and are domiciled in Schenectady, NY, unless otherwise
specified.

The upgrading of the ratings of MVP Health Insurance Company
reflects its revised strategic role within the group, with greater
emphasis on commercial large group business in Vermont.  Moreover,
significant improvement in operating results has been recorded
through mid-2015 and is projected to continue into 2016.

The outlook revision to stable for MVP Health Service Corp reflects
its change in strategic direction, resulting in favorable growth in
premium and recent improvement in operating results that is
projected to continue into 2016.  A.M. Best will continue its
discussions with the management team about its revised strategy for
this entity, while assessing the capitalization, premium leverage
and future direction within the group.  A.M. Best anticipates that
the parent organization will continue to implicitly and explicitly
support the entity to fund its future growth initiatives.

The rating affirmations of MVP Health Plan, Inc. and its affiliate
reflect the companies' strong brand recognition in New York and
well-established network with geographic outreach activities
throughout the state, which enhances each entity's stand-alone
assessment as well as the group's ongoing consolidation of
operations and overall sound capitalization.  The group gained a
larger increase in individual membership due to some carriers not
originally being as active in the exchange marketplace.  A.M. Best
notes that while the group has reported consistent net income over
the past three years, it has recorded underwriting losses over the
past two years.  Management has implemented strategic initiatives
to return the group to profitable trends, and through mid-2015, the
consolidated operating results have been very favorable.  Due to
these initiatives, A.M. Best expects the organization to return to
its historical level of profitability and maintain a steady growth
across its various business lines.  The sound but declining level
of risk-adjusted capital levels is primarily the result of previous
cumulative retained earnings.

A.M. Best believes that the organization has been pressured by the
competitive nature of the commercial market, which is driving
significant margin compression on existing and new business.
Additionally, the continued shift toward government-sponsored lines
of business has been challenging.  Moreover, the organization faces
continued challenges in the operating performance of its Medicare
Advantage business line, which is government-funded and heavily
impacted by reimbursement cuts.

Of note is the considerable contribution of the Medicaid product
line to the organization's consolidated operating performance,
driven by strong results produced through its acquisition of the
Hudson Health Plan (HHP).  In August 2013, MVP Health Plan, Inc.
acquired HHP, a Tarrytown, NY-based Medicaid managed care
organization.  As this entity continues to be integrated into MVP
Health Plan, Inc., A.M. Best will continue to assess the ultimate
impact of the HHP acquisition on the organization and its overall
operations, strategic plans, earnings and capitalization.

The withdrawal of the ratings on MVP Health Insurance Company of
New Hampshire, Inc. reflects management's decision to exit the New
Hampshire market and place its relatively small remaining policies
into run-off.  The run-off and completion of the withdrawal from
New Hampshire is expected to be completed by early 2016.

A.M. Best believes that positive rating movement is unlikely in the
near to medium term.  Key rating drivers that could lead to a
negative rating action include further deterioration in operating
performance in any of its core lines of business, a substantial
decline in the consolidated risk-adjusted capitalization or any
reimbursement issues surrounding its government-sponsored products.


NEOGENIX ONCOLOGY: Nixon, et al. Can't Escape Malpractice Row
-------------------------------------------------------------
Jacob Batchelor at Bankruptcy Law360 reported that a New York
federal judge on Sept. 30, 2015, blocked an attempt by Nixon
Peabody LLP, Mintz Levin Cohn Ferris Glovsky and Popeo PC and
others to ditch a suit alleging they contributed to Neogenix
Oncology Inc.'s bankruptcy, finding too many questions remained.

U.S. District Judge Joseph F. Bianco said that firms could not
escape the suit accusing their former attorneys, as well as the
company's former chief financial officer, Peter Gordon, and his
associates of perpetuating or failing to warn the company about an
illegal scheme in which Gordon..

                      About Neogenix Oncology

Neogenix Oncology Inc. in Rockville, Maryland, filed a Chapter 11
petition (Bankr. D. Md. Case No. 12-23557) on July 23, 2012, in
Greenbelt with a deal to sell the assets to Precision Biologics
Inc., absent higher and better offers.

Founded in December 2003, Neogenix is a clinical stage,
pre-revenue
generating, biotechnology company focused on developing
therapeutic
and diagnostic products for the early detection and treatment of
cancer.  Neogenix, which has 10 employees, says it its approach
and
portfolio of three unique monoclonal antibody therapeutics -- hold
the potential for novel and targeted therapeutics and diagnostics
for the treatment of a broad
range of tumor malignancies.

Thomas J. McKee, Jr., Esq., at Greenberg Traurig, LLP, in McLean,
Virginia, serves as counsel.  Kurtzman Carson Consultants LLC is
the claims and notice agent.

The Debtor estimated assets of $10 million to $50 million and
debts
of $1 million to $10 million.

The U.S. Trustee for Region 4 has appointed seven members to the
committee of equity security holders.  Sands Anderson PC
represents
the Official Committee of Equity Security Holders.  The Committee
tapped FTI Consulting, Inc., as its financial advisor.


NEW YORK MILITARY: Sold for $15.83-Mil. to Chinese-Backed Buyer
---------------------------------------------------------------
Daniel Bases, writing for Reuters, reported that New York Military
Academy, a 126-year-old preparatory school on the Hudson River that
counts billionaire Donald Trump among its graduates, was sold on
Sept. 30 after a bidding war between groups backed by two
China-based investors.

According to the report, the winning bid of $15.83 million came
from the non-profit group Research Center on Natural Conservation,
backed by a principal of China-based SouFun Holdings Ltd.  They
beat out California-based Global Preparatory Academies, which was
funded by other Chinese investors, NYMA's lawyer Lewis Wrobel told
Reuters.

New York Military Academy, a private coeducational boarding
school,
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No.
15-35379) on March 3, 2015.  David B. Fields signed the petition
as
first vice-president.  The Debtor reported total assets of $10.5
million and total debts of $10.9 million.

Lewis D. Wrobel, Esq., at Lewis D. Wrobel, serves as counsel to
the
Debtor.

The U.S. Trustee for Region 2 appointed three unsecured creditors
to serve on the Official Committee of Unsecured Creditors.  The
Committee tapped Steven Jurista, Esq., Wasserman, Jurista & Stolz,
PC, as counsel.


NORALTA LODGE: S&P Affirms 'B' Corp. Credit Rating
--------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' long-term
corporate credit rating on Nisku, Alta.-based private remote
accommodations and catering services provider Noralta Lodge Ltd.
The outlook is stable.  At the same time, Standard & Poor's revised
its recovery rating on the company's C$150 million senior secured
second-lien notes to '4' from '3' and affirmed its 'B' issue-level
rating on the debt.  The '4' recovery rating indicates S&P's
expectation for average (30%-50%; at the upper end of the range)
recovery in the event of a default.

"The revised recovery rating on Noralta's rated debt reflects our
view of the reduced collateral available to lenders under our
simulated default scenario," said Standard & Poor's credit analyst
Michelle Dathorne.  "We have reduced our enterprise value for the
company, based on a downward revision to our baseline EBITDA in our
simulated default scenario," Ms. Dathorne added.

The ratings on Noralta reflects Standard & Poor's view of the
company's narrow scope of operations as a niche service provider to
Canadian oil and gas producers, the potential volatility of its
profitability due to unexpected contract delays or cancellations,
and Noralta's limited competitive advantage.  S&P believes the
company's resilient EBITDA margin performance and moderate
leverage, which tempers the deterioration of its cash flow adequacy
metrics caused by reduced cash flow generation, somewhat offset
these weaknesses.

Noralta is a private oilfield services (OFS) company, founded in
1997, which owns and operates remote industrial lodging to
exploration and production Canadian (E&P) companies.  Noralta
Lodge's customer base is concentrated in Alberta's oil sands
sector.

The stable outlook reflects Standard & Poor's expectation that
Noralta's overall financial risk profile will remain consistent
with S&P's expectations for the 'B' rating, despite its forecast
reduced revenues and cash flow, as well as some margin compression.
Furthermore, the company has bolstered its liquidity position by
reducing its near-term capital spending to minimum maintenance
levels.  As a result, S&P do not expect gross debt levels will
increase during its 12-month outlook period.

Although the recent and forecast deterioration of Noralta's cash
flow metrics have not compromised its credit rating, S&P would take
a negative rating action if the company's three-year weighted
average FFO-to-debt fell below 12%, and S&P expected it to stay at
these levels.  Based on S&P's view of its business prospects in the
current low hydrocarbon price environment, it views this as
unlikely.

A positive rating action during our outlook period is unlikely;
however, S&P could raise the rating if the company strengthens its
cash flow metrics, such that its fully adjusted three-year
weighted-average FFO-to-debt increased above 30%, and S&P expected
it to stay above this threshold.



OMNITRACS INC: Moody's Affirms 'B2' CFR, Changes Outlook to Stable
------------------------------------------------------------------
Moody's Investors Service affirmed Omnitracs, Inc.'s B2 corporate
family rating and B2-PD probability of default rating. Moody's also
affirmed the B1 ratings on the first lien debt facilities and the
Caa1 rating on the second lien credit facility. The outlook was
changed to stable from negative.

RATINGS RATIONALE

The change to a stable outlook reflects Moody's expectation that
Omnitracs will resume organic revenue growth in FY2016 and
demonstrate improving EBITDA margins, resulting in leverage
trending towards 6x by the end of FY 2016.

Omnitracs' B2 corporate family rating is primarily driven by high
leverage from the acquisition financing of Omnitracs, Roadnet and
XRS, as well as the cyclical nature of the business. The ratings
also reflect the leading position Omnitracs has built providing
fleet management software and communications systems for the long
haul trucking industry, its strong recurring revenue base, high
retention rates and cash generating capabilities. Debt to EBITDA is
estimated at approximately 6.8x pro forma for various adjustments
and cost savings (but substantially higher without the
adjustments). Omnitracs' revenue has declined in recent years as
the industry shifted from high priced and high margin satellite
systems to more moderately priced cellular systems. However the
transition is largely complete, and revenues are expected to return
to organic growth in FY2016. EBITDA margins are expected to grow
through FY2016 as the company transitions to a lower run-rate cost
structure as back-office functions of XRS and Omnitracs have been
combined and several R&D and technology investment projects are
mostly behind them.

The ratings could face downward pressure if revenues and EBITDA
fail to rebound in 2016 or if leverage is expected to be sustained
above 6.5x. Ratings could be upgraded if the company demonstrates
sustained revenue and cash flow growth, with leverage sustained
below 5x and free cash flow to debt of at least 8%.

Liquidity is good based on $32 million of cash on the balance sheet
at June 30, 2015 and a $30 million undrawn revolver. We expect free
cash flow of about $25 million to $30 million over the next 12 to
18 months. The company has only to comply with a springing
financial covenant if revolver or letter of credit borrowings
exceed 30% of the revolver size.

Issuer: Omnitracs, Inc.

Affirmations:

Issuer: Omnitracs, Inc.

Probability of Default Rating, Affirmed B2-PD

Corporate Family Rating, Affirmed B2

Senior Secured First Lien Bank Credit Facility, Affirmed B1, LGD3

Senior Secured Second Lien Bank Credit Facility, Affirmed Caa1,
LGD5

Outlook Actions:

Outlook, Changed To Stable From Negative
Omnitracs is a provider of fleet management systems to the trucking
industry. The company is headquartered in Dallas, TX.



PACIFIC RECYCLING: Hires Cable Huston as Counsel
------------------------------------------------
Pacific Recycling, Inc. seeks authorization from the U.S.
Bankruptcy Court for the District of Oregon to employ Cable Huston
LLP as Chapter 11 counsel, nunc pro tunc to August 27, 2015.

The Debtor requires Cable Huston to:

   (a) advise Debtor of its rights, powers and duties as debtors
       and debtors-in-possession under Chapter 11 of the
       Bankruptcy Code;

   (b) take all actions necessary to protect and preserve Debtor's

       bankruptcy estate, including the prosecution of actions on
       Debtor's behalf, the defense of any action commenced
       against Debtor, negotiations concerning all litigation in
       which Debtor is involved, objections to claims filed
       against Debtor in this bankruptcy case, and the compromise  

       or settlement of claims;

   (c) advise Debtor concerning, and prepare on behalf of Debtor,
       all necessary applications, motions, memoranda, responses,
       complaints, answers, orders, notices, reports and
       other papers, and review all financial and other reports
       required from Debtor as debtors-in-possession in connection

       with administration of the Chapter 11 case;

   (d) review the nature and validity of any liens asserted
       against Debtor's Property and advise Debtor concerning the
       enforceability of such liens;

   (e) advise Debtor regarding its ability to initiate actions to
       collect and recover property, including outstanding
       accounts receivables, for the benefit of the bankruptcy    
       estate; and

   (f) provide such other legal advice or services as may be
       required in connection with this Chapter 11 case.

Cable Huston will be paid at these hourly rates:

       Laura J. Walker, Partner          $350
       Chad Stokes, Partner              $340
       Donald J. Koehler II, Of Counsel  $325
       Nicole M. Swift, Associate        $275
       Jonathan J. Cavanagh, Associate   $275
       Nicole W. Abercrombie, Associate  $225
       Tina Dent, Paralegal              $135
       Joel Thompson, Paralegal          $135

Cable Huston will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Cable Huston received a wire transfer in the amount of $11,500.00
on August 19, 2015. The source of these funds was debtor's funds
from proceeds of the sale of an unencumbered trailer.

Cable Huston received an additional retainer by wire transfer in
the amount of $45,000 on August 27, 2015, from funds provided by a
relative of Debtor's owner.

Laura J. Walker, partner of Cable Huston, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Cable Huston can be reached at:

       Laura J. Walker, Esq.
       CABLE HUSTON LLP
       1001 SW 5th Avenue, Suite 2000
       Portland, OR 97204-1136
       Tel: (503) 224-3092
       Fax: (503) 224-3176
       E-mail: lwalker@cablehuston.com

                      About Pacific Recycling

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


PACIFIC RECYCLING: Taps David Danecke as Special Counsel
--------------------------------------------------------
Pacific Recycling, Inc. seeks authorization from the U.S.
Bankruptcy Court for the District of Oregon to employ David Denecke
as special counsel for the Debtor, nunc pro tunc to August 27,
2015.

The Debtor requires Mr. Denecke to advise the Debtor regarding
possible post-petition financing or disposition of the Debtor's
assets or operations; transactions for possible sale of the
Debtor's secured inventory; and, transactions for possible sale of
newly acquired the Debtor inventory. Mr. Denecke has knowledge of
some complicated pre-petition financing agreements of the Debtor,
including State of Oregon Industrial Development Bond financing and
New Market Tax Credit financing; and the Debtor intends to seek Mr.
Denecke's advice on matters related to treatment of these financing
agreement post-petition.

The Debtor has agreed to compensate Mr. Denecke on an hourly basis
in accordance with Mr. Denecke's ordinary and customary hourly
rates in effect on the date services are rendered at an hourly rate
of $350.

Mr. Denecke will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Denecke assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

Mr. Denecke can be reached at:

       David Denecke, Esq.
       P.O. Box 1085
       Portland, OR 97207
       Tel: (503) 449-7712
       Fax: (971) 269-2868
       E-mail: daviddenecke@nwbusinesslaw.com

                      About Pacific Recycling

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


PRA HEALTH: S&P Raises Corp. Credit Rating to 'B+', Outlook Stable
------------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Raleigh, N.C.-based PRA Health Sciences Inc. to 'B+' from
'B'.  The outlook is stable.

At the same time, S&P raised the rating on the senior secured
first-lien credit facility to 'BB-' from 'B+'.  The recovery rating
on this debt is '2', indicating S&P's expectation for substantial
(70% to 90%; at the low end of the range) recovery in the event of
payment default.  At the same time, S&P raised the rating on the
senior unsecured debt to 'B' from 'B-'.  The recovery rating on
this debt is '5', indicating S&P's expectations for modest recovery
(10% to 30%; at the low end of the range) in the event of default.

"The ratings upgrade is based on PRA's continued solid operating
performance, which has given us greater confidence that PRA will be
able to maintain leverage below 5x over time," said Standard &
Poor's credit analyst Arthur Wong.

The stable outlook reflects S&P's belief that PRA is well
positioned to benefit from the continued positive trends in the in
contract research organization industry and potentially increase
cross-selling opportunities after integrating the RPS operations.



PRESSURE BIOSCIENCES: Obtains $1.1-Mil. from Private Placement
--------------------------------------------------------------
Pressure BioSciences, Inc., has received gross proceeds of
$1,100,000 from an additional closing of its $5 million Private
Placement, increasing the total amount raised to date in the
Offering to $3,280,000.  One or more additional closings are
expected in the near future.

Pursuant to the Subscription Agreement, the Company will issue to
the investors, Senior Secured Convertible Debentures with a fixed
conversion price of $0.28 per restricted common share, and Common
Stock Purchase Warrants exercisable into a total of 1,964,286
shares of restricted common stock at an exercise price of $0.40 per
share.  The Company is under no obligation to file a registration
statement to register the shares underlying the Debentures and
Warrants.  The Company netted $990,000 in cash after taking into
account fees related to the Offering.

Mr. Richard T. Schumacher, president and CEO of PBI, commented:
"The priorities for the use of funds from the Offering remain: (i)
to expand the Company's marketing and sales capabilities, including
a sizeable increase in the number of the Company's marketing and
sales personnel; (ii) to increase the Company's manufacturing and
operational capabilities; (iii) to ready the Company for a
potential up-listing to a regulated exchange in the near future;
and (iv) to retire all variable rate convertible debt  we took on
to help facilitate growth prior to additional equity capital being
raised.  With the funds received to date, we have eliminated
approximately 70% of all the VRCD we had as of the close of the
2015 second quarter.  It is expected that cash received from
additional closings that may occur in the near future will be used
to eliminate all remaining VRCD debt."

                     About Pressure Biosciences

Pressure BioSciences, Inc., headquartered in South Easton,
Massachusetts, holds 14 United States and 10 foreign patents
covering multiple applications of pressure cycling technology in
the life sciences field.

Pressure Biosciences reported a net loss applicable to common
shareholders of $6.25 million on $1.37 million of revenue for the
year ended Dec. 31, 2014, compared to a net loss applicable to
common shareholders of $5.24 million on $1.5 million of total
revenue for the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $1.36 million in total assets,
$5.69 million in total liabilities and a $4.32 million total
stockholders' deficit.

Marcum LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, noting that the Company has had recurring net
losses and continues to experience negative cash flows from
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern, the auditors
said.


RADIOSHACK CORP: Wins Confirmation of Chapter 11 Plan
-----------------------------------------------------
Matt Chiappardi at Bankruptcy Law360 reported that a Delaware
bankruptcy judge on Sept. 30, 2015, agreed to confirm the
RadioShack Corp. estate's Chapter 11 plan after also giving the
thumbs-up to a settlement between the debtor and unsecured
creditors and lenders Standard General LP and Wells Fargo Bank NA
that put to rest a fight threatening to derail the liquidation
strategy.

During a hearing in Wilmington, U.S. Bankruptcy Judge Brendan L.
Shannon said that the final details of the deal were hammered out
minutes before the confirmation hearing was set to restart.

Tom Corrigan, writing for The Wall Street Journal, reported that
Judge Shannon said he would sign off on both the settlements and
the chapter 11 plan, which distributes proceeds from the company's
liquidation to its creditors.

"This has been a very challenging case," Judge Shannon said, the
Journal cited. "There were issues that could have derailed the
case, frankly, any number of times."

                 About RadioShack Corporation

Headquartered in Fort Worth, Texas, RadioShack is a retailer of
mobile technology products and services, as well as products
related to personal and home technology and power supply needs.
RadioShack's retail network includes more than 4,300
company-operated stores in the United States, 270 company-operated
stores in Mexico, and approximately 1,000 dealer and other outlets
worldwide.

RadioShack Corporation and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 15-10197) on Feb. 5, 2015. Judge
Kevin J. Carey presides over the case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul
M. Green, Esq., at Jones Day serve as the Debtors' bankruptcy
counsel.

David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and John H.
Schanne, II, Esq., at Pepper Hamilton LLP serve as co-counsel.
Carlin Adrianopoli at FTI Consulting, Inc., is the Debtors'
restructuring advisor.  Maeva Group, LLC, is the Debtors'
turnaround advisor. Lazard Freres & Co. LLC is the Debtors'
investment banker.  A&G Realty Partners is the Debtors' real
estate
advisor.  Prime Clerk is the Debtors' claims and noticing agent.

In their Petitions, the Debtors disclosed total assets of $1.2
billion, versus total debts of $1.3 billion.

Quinn Emanuel Urquhart & Sullivan, LLP and Cooley LLP represent
the
Official Committee of Unsecured Creditors as co-counsel.  Houlihan
Lokey Capital, Inc., serves as financial advisor and investment
banker.  The bankruptcy case is assigned to Judge
Brendan L. Shannon.

The First Amended Plan provides that the SCP Agent will recover an
estimated 80% to 90% of its allowed claim amount, estimated to
total $70 million.  General Unsecured Claims, estimated to total
$200 to $400 million, will receive a Pro Rata share, with Allowed
Claims in Classes 6 and 7, of the Remaining Liquidating Trust
Assets.

A blacklined version of the Disclosure Statement is available at
http://bankrupt.com/misc/RSIds0810.pdf


REGENT PARK: Disclosure Statement Lacks Info, PlainsCapital Says
----------------------------------------------------------------
Secured creditor PlainsCapital Bank says the disclosure statement
filed in support of Regent Park Capital, LLC's First Amended
Chapter 11 Plan of Reorganization lacks sufficient information on
several key points.

According to PlainsCapital, the Disclosure Statement fails to
provide an adequate feasibility analysis.  The Disclosure Statement
states that because funding of the Plan is centered on the sale of
the Collateral Real Property, the Debtor's valuation of the
Collateral Real Property provides a reasonable basis to project
payments under the Plan.  However, the bank points out that the
Debtor bases its valuation on appraisals that are so outdated as to
be inherently unreliable.

PlainsCapital also notes that the Disclosure Statement fails to
provide sufficient information to creditors to ensure that the Plan
is fair and equitable.  The Plan proposes that the reorganized
debtor will foreclose upon and then sell properties that constitute
Plains' collateral.  However, the bank notes that not only does the
Disclosure Statement fail to set forth any timeline for when sales
will occur, but it also fails to provide reliable sales prices for
these properties.

Furthermore, the PlainsCapital points out that the Disclosure
Statement fails to provide adequate information on the future
management of the reorganized Debtor.  According to the bank,
because creditors rely on the Disclosure Statement in analyzing the
future of the Debtor, it should contain a meaningful analysis of
the future management and controlling parties.

Moreover, PlainsCapital complains that the Disclosure Statement
fails to provide creditors with adequate information regarding
potential recoveries under the Plan.  According to the bank,
creditors have a right to known, in percentage terms, the amount
the Debtor estimates they will recover on their claims and the
potential timing of such a recovery.

Lastly, the bank points out that the Disclosure Statement fails to
estimate the amount of administrative expenses.  It notes that the
Disclosure Statement should include an estimation of the amount of
administrative expenses, including attorneys' fees and
accountants.

PlainsCapital Bank is represented by:

         DUBOIS, BRYANT & CAMPBELL, LLP
         Seth E. Meisel, Esq.
         303 Colorado Street, Suite 2300
         Austin, Texas 78701
         Tel: (512) 457-8000
         Fax: (512) 457-8008

                     The Chapter 11 Plan

As reported in the June 26, 2015 edition of the TCR, Regent Park
has filed a proposed plan of reorganization that proposes to pay
creditors from funds paid by borrowers and from the proceeds of the
sale of certain collateral.

As of the Petition Date, Regent Park had a portfolio of 32
collateral loans, five loans that were secured by second lien deeds
of trust in favor of Regent Park, and two unsecured loans.  

As of the Petition Date, the aggregate principal balance of the
loan portfolio was $11,196,533, with a current principal balance of
$9,129,066.  The loan portfolio is the Debtor's only significant
asset.

Prepetition, to fund the collateral loans, Regent Park borrowed
money from PlainsCapital Bank and First State Bank Central Texas
under a revolving promissory note.  As of the Petition Date, the
Debtor owed PlainsCapital $6,194,631 and owed First State
$2,050,372.

Under the terms of the Plan, Regent Park may foreclose on any
Collateral Real Property securing the Collateral Loans without the
Banks' permission and sell the Collateral Real Properties pursuant
to Sec. 363 of the Bankruptcy Code.  With the sale of each
Collateral Real Property securing the PCB Collateral Loans, Regent
Park will retain funds sufficient to cover 70% of the operating
costs for three months until it has enough funds in reserve to
cover its operating costs through the Plan Term.  After the initial
six months of operating funds, in each of the months Regent Park
has obtained the operating capital equal to 70% of the operating
funds for that month, Lester N Pokorne, the owner, Pokorne will
fund the remaining 30% of the operating costs as an extension of
his DIP Financing Agreement.  In the event Mr. Pokorne files for
bankruptcy protection prior to the Confirmation Date, he will seek
permission from the appropriate court to advance such funds.

According to the disclosure statement, the Plan contemplates:

  (1) full payment, in Cash, on the Effective Date, or as otherwise
agreed, of all Allowed Administrative Claims;

  (2) full payment, in Cash, on the Effective Date, or as otherwise
agreed, of all Allowed Priority Claims, except the Priority Wage
Claim of Steven Schulz;

  (3) payment of the Allowed Priority Wage Claim of Steven Schulz
pursuant to 11 U.S.C. Sec. 597(a)(4);

  (4) full payment of all Allowed Secured Claims of a Governmental
Entity, together with interest at the rate required by Section
506(b) of the Bankruptcy Code and Section 33.01 of the Texas Tax
Code, from the Petition Date until paid in full at the closing of
one or more Collateral Real Property Sales disposing of the
Collateral of the holder of an Allowed Secured Claim of a
Governmental Entity;

  (5) satisfaction, release and discharge of the Allowed Claim of
PlainsCapital Bank from the sales proceeds of the Collateral
Real Property pledged to PlainsCapital;

  (6) satisfaction, release and discharge of the Allowed Claim of
First State Bank Central Texas from the sales proceeds of the
Collateral Real Property pledged to First State Bank Central
Texas;

   (7) periodic Cash dividends to holders of allowed general
unsecured claims on a pro rata basis from the net proceeds
resulting from each Collateral Real Property Sale, with a final Pro
Rata dividend made from remaining Cash on Hand on or before the
Outside Date; and

   (8) distribution to Lester N. Pokorne of any surplus remaining
after satisfaction of all senior claims.

A copy of the Disclosure Statement dated June 19, 2015, is
available for free at:

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

                    About Regent Park Capital

Formed in 1999 under the name Pokorne Private Capital Group, LLC,
Regent Park Capital, LLC, is a hard-money lender 100% owned by
Lester N. Pokorne, the sole managing member.  With only two
employees, Regent Park made loans to borrowers on a short-term
basis for the acquisition and/or development of real property in
Texas – mainly Austin, but also the Houston and Dallas
areas.

Regent Park Capital filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tex. Case No. 14-11731) on Nov. 21, 2014.  The petition was
signed by Lester N. Pokorne as managing member.  The Debtor
estimated assets of $10 million to $50 million and liabilities of
$1 million to $10 million.

Husch Blackwell LLP serves as the Debtor's bankruptcy counsel.

Pursuant to an order dated Jan. 15, 2015, the Court approved
Pokorne to provide debtor-in-possession financing in the amount of
$18,000 per month through July 2015.

On June 4, 2015, the Debtor filed an emergency motion to extend the
automatic stay seeking to extend the stay under Sec. 362 and 105
and enjoin PlainsCapital from prosecuting its lawsuit against
Pokorne filed in the 419th District Court of Travis County, Texas.
The Debtor sought to extend the stay to Pokorne because he is
essential to the Debtor's reorganization efforts.  On June 16,
2015, the Court denied the Debtor's motion.


RELATIVITY MEDIA: Seeks to Extend Deadline to Remove Suits
----------------------------------------------------------
Relativity Media LLC has filed a motion seeking additional time to
remove lawsuits involving the company and its affiliates.

In its motion, the company asked the U.S. Bankruptcy Court for the
Southern District of New York to move the deadline for filing
notices of removal of the lawsuits to Jan. 26, 2016.

"The extension requested will provide sufficient additional time
for them to consider, and decide upon, removal of the civil actions
as they move quickly and simultaneously toward a chapter 11 plan,"
said Craig Wolfe, Esq., at Sheppard Mullin Richter & Hampton LLP,
in New York.

The motion is on Judge Michael Wiles' calendar for Oct. 14.
Objections are due by Oct. 7.

                   About Relativity Fashion

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

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

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

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

On August 7, 2015, the U.S. Trustee for Region 2 appointed seven
creditors to serve on the Debtors' official committee of unsecured
creditors.  The creditors are Allied Advertising Limited
Partnership, Carat USA Inc., Cinedigm Corp., Comen VFX LLC, Create
Advertising Group LLC, NBC Universal, and Technicolor Inc.


REVEL AC: 3rd Circuit Allows Nightclub to Keep Lease
----------------------------------------------------
Jeannie O'Sullivan at Bankruptcy Law360 reported that the owner of
nightclubs housed in the shuttered Revel Hotel Casino will maintain
its lease under a Third Circuit decision released on Sept. 30,
2015, that formalized an emergency ruling made earlier this year,
when the club pleaded to stay the venue's sale to a Florida
developer after it went bankrupt.

In a lengthy 2-1 precedential decision, the majority found Revel's
arguments that a stay of the sale would sabotage sales negotiations
with its now-owner Glenn Straub, cost thousands of jobs the casino
once provided.

                          About Revel AC

Revel AC, Inc. -- http://www.revelresorts.com/-- owns and operates

Revel, a Las Vegas-style, beachfront entertainment resort and
casino located on the Boardwalk in the south inlet of Atlantic
City, New Jersey.  Revel AC Inc. and five of its affiliates sought
bankruptcy protection (Bankr. D.N.J. Lead Case No. 14-22654) on
June 19, 2014, to pursue a quick sale of the assets.  The Chapter
11 cases of Revel AC LLC and its debtor-affiliates are transferred
to Judge Michael B. Kaplan.  The Debtors' cases was originally
assigned to Judge Gloria M. Burns.  The Debtors' Chapter 11 cases
are jointly consolidated for procedural purposes.  Revel AC
estimated assets ranging from $500 million to $1 billion, and the
same amount of liabilities.

White & Case, LLP, and Fox Rothschild, LLP, serve as the Debtors'
Counsel, and Moelis & Company, LLC, is the investment banker.  The
Debtors' solicitation and claims agent is Alixpartners, LLP.

The prepetition first lenders are represented by Cadwalader,
Wickersham & Taft LLP.  The prepetition second lien lenders are
represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP.  The
DIP agent is represented by Milbank, Tweed, Hadley & McCloy LLP.

This is Revel AC's second trip to bankruptcy.  The company first
sought bankruptcy protection (Bankr. D.N.J. Lead Case No.
13-16253)
on March 25, 2013, with a prepackaged plan that reduced debt by
$1.25 billion.  Less than two months later on May 15, 2013, the
2013 Plan was confirmed and became effective on May 21, 2013.

                        *     *     *

Revel AC, Inc., et al., on April 20, 2015, filed an amended plan
of
reorganization and accompanying disclosure statement to
incorporate
the terms of a settlement and plan support agreement entered into
with the Official Committee of Unsecured Creditors, and Wells
Fargo
Bank, N.A., as DIP Agent, and Wells Fargo Principal Lending, LLC,
as a Prepetition First Lien Lender and DIP Lender.  The
Settlement
Agreement, among other things, provides that Wells Fargo agrees
to
give the general unsecured creditors $1.60 million of its
recovery
from the proceeds of the sale of substantially all of the
Debtors'
assets to Polo North Country Club, Inc., and to advance $150,000
from its recovery to fund the Debtors' reconciliation of claims
and
prosecution of claims or estate causes of actions.

Early in April 2015, U.S. Bankruptcy Judge Gloria Burns approved
an
$82 million sale of the Revel Casino Hotel to Polo North Country
Club, Inc., which is owned by Florida developer Glenn Straub,
ending nearly 10 months of contentious legal combat for control
of
the Atlantic City, N.J., resort.


ROADRUNNER ENTERPRISES: Can Use Cash Collateral Until Oct. 5
------------------------------------------------------------
Judge Kevin R. Huennekens of the United States Bankruptcy Court for
Eastern District of Virginia, Richmond Division, gave Roadrunner
Enterprises, Inc., interim authority to use cash collateral through
October 5, 2015.

Judge Huennekens signed off a third stipulation between the Debtor
and Bank of McKenney extending the period during which the Debtor
can use Cash Collateral from August 19, 2015, through and including
October 5, 2015.  The interim order was also modified to allow the
Debtor to make payment to Bank of McKenney on August 19, 2015, and
October 5, 2015, of all Cash Collateral in excess of expenditures
made in accordance with the budget.

Roadrunner Enterprises, Inc. is represented by:

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

Bank of McKenney is represented by:

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

The Bank of Southside Virginia is represented by:

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

The U.S. Trustee is represented by:

          Robert B. Van Arsdale, Esq.
          Office of the United States Trustee
          701 East Broad Street
          Richmond, Virginia 23219
          Tel.: 804 771-2310
          Fax: 804 771-2330
          Email: Robert B. Van Arsdale@usdoj.com

              About Roadrunner Enterprises

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

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


SAN BERNARDINO, CA: Ambac, Firefighters Oppose Plan Outline
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
Riverside Division, will convene a hearing on Oct. 8, 2015, at 1:30
p.m., to consider the adequacy of the disclosure statement with
respect to the Plan for the Adjustment of Debts of the City of San
Bernardino, California.

The hearing will take place at the United States Bankruptcy Court,
3420 Twelfth Street, Riverside, CA 92501, Courtroom 301.

Several parties, including Ambac Assurance Corporation, and the San
Bernardino City Professional Firefighters, Local 891 filed
objections by the Sept. 17, 2015 deadline.

Creditor Ambac Assurance Corporation points out that the
long-awaited Plan is a hodgepodge of unimpaired classes and
settlements in various stages -- some finalized, some announced but
not yet documented, and some that are hinted at but appear to be
more aspirational than real at this point.  But perhaps, according
to Ambac, the most remarkable feature of the Plan is the proposed
draconian impairment of both Class 13 POB Claims and Class 14
General Unsecured Claims, on which the City has unilaterally
decided to pay distributions that "equal approximately 1%."

"[T]he City must be held to its twin burdens of both disclosure and
proof that its Plan endeavors to pay creditors as much as the City
can reasonably afford, not as little as the City thinks it can get
away with.  With the current Plan, the City cannot meet either of
those burdens. To the contrary, the City can and should do better
for its creditors – and indeed must do so if its Plan is to be
confirmed," Ambac said.

The San Bernardino City Professional Firefighters ("SBCPF") has
requested the Court to allow its claim for administrative priority
expenses for wages, sick pay, accrued vacation pay, and pension
amounts due to the firefighters post-petition.  The SBCPF's request
has not yet been set for hearing.  The SBCPF complains that the
Disclosure Statement and Plan do not disclose how or if the
firefighters' claims for administrative expenses will be treated in
the Plan of Adjustment.  The SBCPF also points out that the City
has failed to disclosure its efforts, if any, to generate revenue
for payment of claims.

"While it is understandable that any plan to implement new taxes or
raise existing taxes may be political suicide for any City Council
Member or the Mayor, the City cannot justify its plan to pay 1% to
all of its general unsecured creditors by taking no steps to
increase revenue, even if such steps are unsuccessful," the
firefighters group said in its objection.

                         Limited Objections

Big Independent Cities Excess Pool Joint Powers Authority ("BICEP")
filed a limited objection, noting that pursuant to a certain Master
Memorandum of Liability Coverage, BICEP provides certain insurance
benefits to the City with respect to certain claims within the
scope of coverage ("Covered Claims").  According to BICEP, the
Disclosure Statement does not provide adequate information with
respect to the proposed treatment of Covered Claims relative to the
BICEP's obligations under the Memorandum.

The Official Committee of Retired Employees filed "limited
comments", saying that generally supports the proposed Disclosure
Statement and the Plan, but notes that these clarifications are in
order:

   * The Disclosure Statement needs to clarify the City intended
treatment of claims of retired City employees regarding unpaid
pre-petition and postpetition sick leave, holiday leave, vacation
leave, and other types of leave relating to their employment
("Leave Claims").  To the extent that "Employee Wage and Benefit
Claims" include the Leave Claims, it would be helpful for the
Disclosure Statement to: (a) provide information regarding the
amounts of such Leave Claims; and (b) distinguish between the
proposed treatment of prepetition Leave Claims and the proposed
treatment of postpetition Leave Claims.

   * Given that the Disclosure Statement was filed months before
the City's recently reached settlement agreement with San
Bernardino Police Officers Association ("SBPOA"), it is difficult
to assess what impact, if any, the SBPOA settlement agreement has
on the provisions of the Plan.

Ambac Assurance Corporation's attorneys:

         Paul S. Aronzon, Esq.
         Thomas R. Kreller, Esq.
         Linda Dakin-Grimm, Esq.
         Delilah Vinzon, Esq.
         MILBANK, TWEED, HADLEY & MCCLOY LLP
         601 South Figueroa Street, 30th Floor
         Los Angeles, CA 90017
         Telephone: (213) 892-4000
         Facsimile: (213) 629-5063
         E-mail: paronzon@milbank.com
                 tkreller@milbank.com
                 ldakin-grimm@milbank.com

Attorneys for San Bernardino City Professional
Firefighters, Local 891:

         David M. Goodrich, Esq.
         SULMEYERKUPETZ
         333 South Hope Street, Thirty-Fifth Floor
         Los Angeles, California 90071-1406
         Tel: (213) 626-2311
         Fax: (213) 629-4520
         E-mail: dgoodrich@sulmeyerlaw.com

                 - and -

         Corey W. Glave, Esq.
         Attorney at Law
         1042 2nd Street
         Hermosa Beach, California 90254
         Telephone: (323) 547-0472
         Facsimile: (310) 379-0456
         E-mail: SBCPFattorney@gmail.com

BICEP's attorneys:

         Franklin C. Adams, Esq.
         Cathy Ta, Esq.
         BEST BEST & KRIEGER LLP
         3390 University Avenue, 5th Floor
         P.O. Box 1028
         Riverside, CA 92502
         Tel: (951) 686-1450
         Fax: (951) 686-3083
         E-mail: franklin.adams@bbklaw.com
                 cathy.ta@bbklaw.com

Attorneys for Official Committee of Retired Employees:

         Steven Jay Katzman, Esq.
         Anne A. Uyeda, Esq.
         Anthony R. Bisconti, Esq.
         BIENERT, MILLER & KATZMAN, PLC
         903 Calle Amanecer, Suite 350
         San Clemente, California 92673
         Tel.: (949) 369-3700
         Fax: (949) 369-3701
         E-mail: skatzman@bmkattorneys.com
                 auyeda@bmkattorneys.com
                 tbisconti@bmkattorneys.com

                      The Chapter 11 Plan

As reported in the TCR, the City of San Bernardino has filed a Plan
for the Adjustment of Debts that involves the adjustment of claims
against the City of over $150 million, which includes $50 million
of unsecured bonds.

The city's plan, filed on May 14, 2015, provides for some
impairment of the City's secured bonds, and for more substantial
impairment of unsecured claims.  With respect to the City's secured
bondholders, the Plan provides for a payment of secured obligations
over time.  With respect to unsecured claims: holders of $50
million of unsecured bond claims will receive payments over time of
$640,000 plus interest; and holders of general unsecured claims, in
the aggregate amount of between approximately
$40 million to $50 million in claims, will receive a pro rata share
of $500,000 on or shortly after the Effective Date, for a 1%
recovery.

The Plan proposes full payments into the pension fund run by
California Public Employees' Retirement System, also known as
Calpers, which distributes that money to thousands of retired city
workers.

A copy of the Disclosure Statement filed May 29, 2015, is available
for free at:

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

                     About San Bernardino

San Bernardino, California, filed an emergency petition for
municipal bankruptcy under Chapter 9 of the U.S. Bankruptcy Code
(Bankr. C.D. Cal. Case No. 12-28006) on Aug. 1, 2012.  San
Bernardino, a city of about 210,000 residents roughly 65 miles (104
km) east of Los Angeles, estimated assets and debts of more than $1
billion in the bare-bones bankruptcy petition.

The city council voted on July 10, 2012, to file for bankruptcy.
The move lets San Bernardino bypass state-required mediation with
creditors and proceed directly to U.S. Bankruptcy Court.

The city is represented that Paul R. Glassman, Esq., at Stradling
Yocca Carlson & Rauth.

San Bernardino joined two other California cities in bankruptcy:
Stockton, an agricultural center of 292,000 east of San Francisco,
and Mammoth Lakes, a mountain resort town of 8,200 south of
Yosemite National Park.

The City was granted Chapter 9 protection on Aug. 28, 2013.

The City filed on May 14, 2015, a Plan to exit court protection.
The Plan proposes to some bondholders a penny on the dollar but
maintains pension benefits for retired city workers.  The Plan
proposes to make full payments into the pension fund run by
California Public Employees' Retirement System.


SANMINA CORP: Fitch Hikes Longterm Issuer Default Rating to 'BB+'
-----------------------------------------------------------------
Fitch Ratings has upgraded the long-term Issuer Default Rating for
Sanmina Corporation to 'BB+' from 'BB'.  In addition, Fitch has
affirmed the senior secured revolving credit facility rating at
'BBB-' and assigned a recovery rating of 'RR1'; and affirmed the
senior secured notes at 'BB+' and assigned a recovery rating of
'RR3'.

Fitch's actions affect $500 million of total debt.  The Rating
Outlook is Stable.

KEY RATING DRIVERS

The ratings and Outlook reflect Fitch's expectations for improving
operating performance through the intermediate term, driven by
positive organic revenue growth from increasing exposure to faster
growing emerging end markets, including industrial, defense and
medical.  Fitch expects profit margins to expand with a higher mix
of emerging end market sales and higher annual free cash flow (FCF)
from longer life cycles associated with these products.

Strength in Sanmina's industrial, defense, and medical end markets
(roughly 40% of total sales) should continue, driven mainly by
design wins amidst increasing electronics content.  Fitch expects
communications and networks end markets (35%-40% of sales) are
stabilizing and poised to resume modest growth, although demand
will remain uneven given uneven wireless carrier spending. Embedded
computing and storage markets will remain flat.

Increased penetration of emerging industrial, defense and medical
end markets and investments in Components, Products and Service
segment (CPS) should drive positive low single digit mid-cycle
revenue growth over the longer term.  In addition, Fitch expects
the increased mix of faster growing and higher gross margin CPS
sales will drive mid-cycle profitability higher, although operating
EBITDA margins will remain in the mid-single digits, consistent
with the operating profile of the electronics manufacturing
services (EMS) industry.

Fitch estimates operating EBITDA margin was 5.3% for the latest 12
months (LTM) ended June 27, 2015, versus 5.1% for the prior year,
driven in part by gross profit margin expansion in the Integrated
Manufacturing Solutions (IMS) segment.  As a result, Fitch expects
annual FCF of more than $200 million, versus Fitch's prior
expectations of $100 million to $200 million.  Nonetheless,
quarterly FCF will remain uneven, given higher inventory levels
attendant with larger-scale new program ramps.

Fitch expects Sanmina will use FCF for share repurchases and small
technology focused acquisitions, targeting new capabilities and
customer relationships.  Acquisition activity has been minimal over
the past few years.  Nonetheless, Fitch expects Sanmina will
exhaust the current $200 million share repurchase authorization, as
$55.7 million was available for repurchase under the programs as of
June 27, 2015.

Fitch does not anticipate Sanmina will use FCF for further debt
reduction, following roughly $475 million of debt repayments in
recent years.  Fitch continues to expect Sanmina to maintain strong
credit protection measures for the rating, including total leverage
(total debt to operating EBITDA) below 2 times (x) and FCF to total
debt of more than 20%.  For the LTM ended June 27, 2015, Fitch
estimates total leverage was 1.3x and FCF to total debt was 40%,
strengthened from 1.7x and 31% in the comparable prior year
period.

The ratings are supported by:

   -- Favorable industry trends toward increased outsourcing in
      underpenetrated markets for product design consultation,
      component sourcing, manufacturing, fulfillment, logistic and

      repair/reverse logistics.

   -- Significant capabilities in low volume, high mix design and
      assembly, positioning Sanmina to gain share in non-
      traditional end markets.

   -- Consistent annual FCF from profitability expansion during
      positive demand environments and cash generation from lower
      inventory levels in a downturn.

Ratings concerns center on:

   -- Low mid-cycle profit margins associated with the EMS model,
      resulting in minimal room for execution missteps.

   -- Ongoing volatility associated with roughly 35%-40% of
      revenues in more projected oriented legacy networking and
      communications end markets, although this is down from 40%-
      45% just a year ago.

   -- Customer concentration with Sanmina's top 10 customers
      representing roughly half of revenues, in-line with the EMS
      industry.

KEY ASSUMPTIONS

Fitch's key assumptions within our rating case for the issuer
include:

   -- Low-single digit revenue growth for the fiscal year ending
      Sept. 30, 2015 and over the longer term, driven by increased

      penetration of emerging markets.

   -- Operating EBITDA margin in the 5%-5.5% range, driven by an
      increasing mix of higher margin emerging markets sales.

   -- Consistent inventory turns and capital spending, resulting
      in annual FCF of more than $250 million.

   -- Limited incremental debt reduction through the forecast
      period and FCF used primarily for share repurchases, given
      sufficient cash levels.

RATING SENSITIVITIES

Positive rating actions could occur if:

   -- Fitch expects higher focus revenue growth will translate
      into annual FCF of $250 million to $500 million; and

   -- Mid-cycle operating EBITDA structurally above 5% in
      conjunction with a commitment to maintain total leverage
      below 2x.

Negative rating action could occur if:

   -- Fitch expects annual FCF sustained below $200 million from
      weaker than anticipated revenue growth or profitability; or

   -- Profitability pressures resulting in operating EBITDA
      approaching 4% or debt financed acquisitions of
      manufacturing assets resulting in total leverage sustained
      above 3x.

LIQUIDITY

Sanmina's liquidity was solid as of June 27, 2015, and supported
by:

   -- $417 million in cash and short-term investments, of which
      43% ($179 million) is held within the U.S.; and

   -- $348 million of availability (net of $22.4 million in LOCs
      and $5 million drawn) under the $375 million senior secured
      RCF due May 2020.

Fitch's expectation for annual FCF of more than $200 million
through the rating horizon also supports liquidity.

Total debt was $432.2 million as of June 27, 2015 and consisted of:


   -- $5 million drawn under the company's RCF;
   -- $40 million loan secured by the company's corporate campus;
   -- $12.2 million of non-interest bearing notes; and
   -- $375 million of senior secured 4.375% notes due June 2019.

FULL LIST OF RATING ACTIONS

Fitch has taken these rating actions:

Sanmina Corporation

   -- Long-term IDR upgraded to 'BB+' from 'BB';
   -- Senior secured RCF affirmed at 'BBB-' and assigned an 'RR1'
      recovery rating;
   -- Senior secured notes affirmed at 'BB+' and assigned an 'RR3'

      recovery rating.



SANTA CRUZ: Needs Until Nov. 30 to Use Cash Collateral
------------------------------------------------------
Santa Cruz Berry Farming Company, LLC, asks the United States
Bankruptcy Court for the Northern District of California, San Jose
Division, to extend the period by which it has authority to use
cash collateral through the earlier of Nov. 30, 2015, or the date
when all parties agree that continued farming of the strawberry
crop is no longer viable.

In a memorandum, the Debtor asserts that it has no choice but to
seek court intervention to obtain an extension of the cash use
period.  The Debtor further asserts that continuation of its
operations presents the best opportunity for all creditors to
receive the greatest recovery on account of their claims.  The use
of the Cash Collateral will allow the Debtor to continue its
operations and thereby protect the cash collateral creditors'
interests, the Debtor adds.

The Official Committee of Unsecured Creditors agrees that the
Debtor's continued use of cash collateral is essential to its
continued wind-down and is necessary for the maximization of the
value of the Debtor's estate.  However, the Committee has
reservations about continuing the status quo, saying a third party
fiduciary may be necessary to oversee and manage the Debtor's
wind-down of operations and Chapter 11 plan process.

Secured creditors California Coastal Rural Development Corporation
and Tom Lange Company Inc. also object to the extension of the
Debtor's cash collateral use.

Cal Coastal complains that the Debtor has not satisfied its burden
to establish that adequate protection will be provided to Cal
Coastal's and other secured creditors' cash collateral if it is
granted the extension.  Accordingly, Cal Coastal does not agree to
an extension of use period to November 30, 2015, but would be
agreeable to extending the use period to October 31, 2015.

Tom Lange asks the court to grant the limited use of cash
collateral only upon the adequate protection stated in its
proposal.  TLC's proposed order provides, in addition to the terms
and safeguards contained in prior orders, the additional
protections: (a) the retention of an independent CRO to control the
Debtor's cash and provide oversight of the Debtor's operations; (b)
a covenant requiring the Debtor to perform substantially in
accordance to its budget and to avoid production where the costs
exceed the revenue; (c) the mandate that cash collateral can only
be used for actual and necessary expenses relating solely to
harvesting of the existing 2015 crop -- and for no other purpose.

William S. Brody, Esq., at Buchalter Nemer, in Los Angeles,
California, submitted a declaration of support on the objection
filed by Tom Lange.  Mr. Brody confirmed he sent emails to the
Debtor's counsel to ask for information relating to the Debtor's
operations.

Santa Cruz Berry Farming Company, LLC is represented by:

          Thomas A. Vogele, Esq.
          Brendan M. Loper, Esq
          THOMAS VOGELE & ASSOCIATES, APC
          3199 Airport Loop Road, Suite A-3
          Costa Mesa, California 92626
          Tel: (714) 641-1232
          Fax: (888) 391-4105
          Email: tvogele@tvalaw.com
                 blooper@tvalaw.com

The Official Committee of Unsecured Creditors is represented by:

          Michael A. Sweet, Esq.
          Dale L. Bratton, Esq.
          FOX ROTHCHILD LLP
          345 California Street, Suite 2200
          San Francisco, California 94104
          Tel: (415) 364-5540
          Fax: (415) 391-4436
          Email: msweet@foxrothchild.com
                 dbratton@foxrothchild.com

California Coastal Rural Development Corporation is represented
by:

          Effie F. Anastassiou, Esq.
          Stephen J. Beals, Esq.
          ANASTASSIOU& ASSOCIATES
          242 Capitol Street
          Post Office Box 2210
          Salinas, California 93902
          Tel: (831) 754-2501
          Fax: (831) 754-0621

Tom Lange Company, Inc. is represented by:

          William S. Brody, Esq.
          BUCHALTER NEMER
          A Professional Company
          1000 Wilshire Boulevard, Suite 1500
          Los Angeles California 90017
          Tel: (213) 891-0700
          Fax: (213) 896-0400
          Email: wbrody@buchakter.com

             -- and --

          Joseph M. Welch, Esq.
          BUCHALTER NEMER
          A Professional Company
          18400 Von Karman Avenue, Suite 800
          Irvine California 92612-1514
          Tel: (949) 760-1121
          Fax: (949) 720-0182
          Email: jwelch@buchalter.com

                         About Santa Cruz Berry Farming

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

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

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

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


SEQUENOM INC: Presented at 2015 Investor and Analyst Day
--------------------------------------------------------
Sequenom, Inc.'s Interim President and Chief Executive Officer Dirk
van den Boom and other members of the Company's senior management
team, presented at the 2015 investor and analyst day in New York on
Sept. 28, 2015, to provide an overview of and update on the
Company.  The presentation, currently posted on the Company's Web
site, is available for free at:

                        http://is.gd/js0F87

                          About Sequenom

Sequenom, Inc. (NASDAQ: SQNM) -- http://www.sequenom.com/-- is a
life sciences company committed to improving healthcare through
revolutionary genetic analysis solutions.  Sequenom develops
innovative technology, products and diagnostic tests that target
and serve discovery and clinical research, and molecular
diagnostics markets.  The company was founded in 1994 and is
headquartered in San Diego, California.

"If we fail to generate enough cash flow from our operations or
otherwise obtain the capital necessary to fund our operations, our
financial results, financial condition and our ability to continue
as a going concern will be adversely affected and we will have to
cease or reduce further commercialization efforts or delay or
terminate some or all of our diagnostic testing services or other
product development programs," the Company said in its 2014 annual
report.

As of June 30, 2015, the Company had $136.6 million in total
assets, $157.6 million in total liabilities and a $21 million total
stockholders' deficit.


SNOWFLAKE COMMUNITY: Files August Periodic Report
-------------------------------------------------
Snowflake Community Foundation filed with the U.S. Bankruptcy Court
for the District of Arizona a report on the value, operations and
profitability of The Apache Railway Company as of September 1,
2015.

Snowflake Community is the sole owner of Apache Railway, according
to the report, which also contains a balance sheet and a statement
of income.

As of August 31, 2015, Apache Railway had total assets of $6.67
million; total liabilities of $409,801 and total equity of $6.26
million.  The company's income statement for August 2015 showed a
net income of $24,592.  

Snowflake Community filed the report pursuant to Bankruptcy Rule
2015.3.  A copy of the report is available for free at
http://is.gd/zqLMfU

                 About Snowflake Community

Snowflake Community Foundation, whose lone significant asset is its
100% ownership of The Apache Railway Co., sought Chapter 11
protection (Bankr. D. Ariz. Case No. 15-bk-06264) in Phoenix on May
20, 2015.  The case is assigned to Judge Madeleine C. Wanslee.  The
Debtor tapped Rob Charles, Esq., at Lewis Roca Rothgerber LLP, in
Tucson, Arizona, as counsel.


SNOWFLAKE COMMUNITY: Files July Periodic Report
-----------------------------------------------
Snowflake Community Foundation filed with the U.S. Bankruptcy Court
for the District of Arizona a report on the value, operations and
profitability of The Apache Railway Company as of August 1, 2015.

Snowflake Community is the sole owner of Apache Railway, according
to the report, which also contains a balance sheet and a statement
of income.

As of July 31, 2015, Apache Railway had total assets of $6.62
million; total liabilities of $381,626 and total equity of $6.23
million.  The company's income statement for July 2015 showed a net
income of $2,287.  

Snowflake Community filed the report pursuant to Bankruptcy Rule
2015.3.  A copy of the report is available for free at
http://is.gd/8Pjtny

                 About Snowflake Community

Snowflake Community Foundation, whose lone significant asset is its
100% ownership of The Apache Railway Co., sought Chapter 11
protection (Bankr. D. Ariz. Case No. 15-bk-06264) in Phoenix on May
20, 2015.  The case is assigned to Judge Madeleine C. Wanslee.  The
Debtor tapped Rob Charles, Esq., at Lewis Roca Rothgerber LLP, in
Tucson, Arizona, as counsel.


SOLAR POWER: Amends Merger Agreement with SPI Energy
----------------------------------------------------
Solar Power, Inc., SPI Energy Co., Ltd., a wholly owned subsidiary
of the Company, and SPI Merger Sub, Inc. ("Merger Sub"), a wholly
owned subsidiary of SPI Energy, entered into an amended and
restated agreement and plan of merger and reorganization to amend
and restate the agreement and plan of merger and reorganization
entered into on May 8, 2015.  The only amendments made to the
Merger Agreement are (i) change of number of SPI Energy ordinary
shares each American depositary share will represent from four to
ten and (ii) change of calculation formula for proceeds from
fractional ADSs.

A copy of the Amended and Restated Merger Agreement is available
for free at http://is.gd/bp22Ku

                         About Solar Power

Roseville, Cal.-based Solar Power, Inc., is a global solar
energy facility developer offering its own brand of high-
quality, low-cost distributed generation and utility-scale SEF
development services.  Primarily, the Company works directly with
and for developers around the world who hold large portfolios of
SEF projects for whom it serves as an engineering, procurement and
construction contractor.  The Company also performs as an
independent, turnkey SEF developer for one-off distributed
generation and utility-scale SEFs.

Solar Power reported a net loss of $5.19 million in 2014, a net
loss of $32.2 million in 2013 and a net loss of $25.4 million in
2012.

As of June 30, 2015, the Company had $731.2 million in total
assets, $420.3 million in total liabilities and $310.8 million in
total equity.


SPX CORP: Fitch Affirms 'BB+' IDR, Off CreditWatch Negative
-----------------------------------------------------------
Fitch Ratings has removed from Rating Watch Negative and affirmed
the Issuer Default Ratings for SPX Corporation at 'BB+'.  The
rating action follows the Sept. 26, 2015, spin off of SXPC's Flow
business into a standalone company, named SPX Flow (Flow).

Fitch has also upgraded the ratings of SPXC's senior secured credit
facilities to 'BBB-' from 'BB+' and assigned a Recovery Rating of
'RR1' to the senior secured credit facilities, per Fitch's
'Recovery Ratings and Notching Criteria for Non-Financial
Corporates issuers' (dated Nov. 18, 2014).

The Rating Outlook is Stable.  The ratings cover $400 million of
senior secured short and long term borrowings.  Additionally, Fitch
has withdrawn ratings on $600 million of senior unsecured notes due
2017.  The notes were assumed by Flow, which is not rated by
Fitch.

KEY RATING DRIVERS

Fitch's rating actions reflect SPXC's post spin-off capital
structure, SPXC management's commitment to conservative financial
policies, and Fitch's expectation that SPXC will generate positive
free cash flow and maintain adequate financial flexibility.

Fitch expects SPXC's debt/EBITDA will decline to approximately 2.7x
(as defined by Fitch) by the end of 2016 from 3.4x at the end of
2015.  The decrease in leverage will be driven by a slight increase
in operating margins, the announced plans to repay $50 million
short-term borrowings and scheduled amortization of the company's
term loans.

SPXC and Flow will indemnify each other for liabilities arising
from performance guarantees prior to the spin-off of Flow.  In
addition, both companies have entered into several agreements
including tax matters, transaction services and employee matters.
Fitch does not anticipate that SPX will incur material liabilities
from the separation.

Fitch's rating concerns include an anticipated reduction in product
and end market diversification, increased exposure to highly
cyclical end markets, and significant underperformance and
continued exposure to two major contracts in South Africa under
which SPXC supplies critical components to 12 800 megawatt
coal-fired plants.  Fitch's other concerns include SPXC's
historical willingness to maintain higher leverage than its stated
leverage range for a prolonged period of time and its future cash
deployment strategy which has recently focused on share repurchases
and acquisitions.  Additionally, Fitch is cautious regarding post
spin-off SPXC's overall business strategy and growth opportunities
as the company has primarily focused on growing its Flow Technology
segment over the past decade.

SPXC will retain all qualified U.S., Canadian, and UK pension plans
including the participation in a multiemployer benefit plan assumed
in connection with the ClydeUnion acquisition in 2011. Even though
SPXC and Flow will maintain separate sponsorship of the non-U.S.
benefit plans sponsored by respective company as of Sept. 26, 2015,
Fitch assumes SPXC will retain all of the $202 million underfunded
pension liabilities.

As of Dec. 31, 2014, SPX's U.S. pension plans were approximately
67% funded with pension benefit obligation (PBO) of $455 million
($150 million underfunded).  The company's foreign pension plans
are 78% funded with PBO of $240 million ($53 million underfunded).
SPXC expects to contribute $16 million to its pension plans in
2015.  Contributions to the multiemployer benefit plan are
immaterial.

KEY ASSUMPTIONS

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

   -- Low single digit revenue annual decline through 2017 with a
      moderate rebound in 2018;
   -- EBITDA margins in the range of 6.5% to 7.5% compared to 8.7%

      in 2014;
   -- The company has suspended share repurchases and dividends
      during 2015.  Fitch assumes the company will resume share
      repurchases and dividends at approximately $50 million
      annually beginning 2017;
   -- The company will generate a post dividend FCF margin at
      approximately 3%;
   -- Capital expenditures will remain steady at 1.3% of revenues
      annually;
   -- Debt will decline by the end of 2016 driven by the repayment

      of the short-term borrowings and scheduled amortization of
      the term loan;
   -- The company will not make acquisitions;
   -- Pension contributions will not be a material cash flow item
      in the foreseeable future.

RATING SENSITIVITIES

Fitch may consider a negative rating action if debt / EBITDA does
not decline below 3.0x during 2016 or FFO adjusted leverage remains
above 4.0x as a result of weak operating results or debt-funded
acquisitions or share repurchases.  Additionally, Fitch may
consider a negative rating action if the company does not repay its
short-term borrowings by fiscal 2016 or if the Medupi and Kusile
projects in SPXC's Power segment result in significant unexpected
losses.

Fitch views a positive rating action as unlikely in the near term
due to concerns related to recent revenue pressures in the
company's various end markets and weaker than anticipated operating
results.  A positive rating action will be contingent upon the
company defining its cash deployment strategy and resolving
exposure to the Medupi and Kusile projects in South Africa.

LIQUIDITY

Fitch expects the company's liquidity will be adequate for the
ratings.  SPXC has entered into a new five-year $1.2 billion senior
secured credit agreement comprised of a $350 million revolver, $350
million Term Loan A, and $300 million participation and $200
million bilateral Foreign Credit Instrument Facilities (for
performance letters and guarantees).  SPXC anticipated having
approximately $350 million liquidity consisting of $50 million in
cash and $300 million availability under its $350 million revolving
credit facility immediately following the spin-off on Sept. 26,
2015.  Fitch expects the company's liquidity will remain in the
range of $350 million to $500 million over the next several years.

FULL LIST OF RATING ACTIONS

Fitch has taken these rating actions for SPXC:

   -- IDR affirmed at 'BB+';
   -- Senior secured facilities assigned 'RR1' Recovery Ratings';
   -- Senior secured facilities upgraded to 'BBB-/RR1' from 'BB+';
   -- Senior unsecured notes rating withdrawn.

The Rating Outlook is Stable.



SPX CORP: Moody's Withdraws 'Ba2' Corporate Family Rating
---------------------------------------------------------
Moody's Investors Service has withdrawn all ratings on SPX
Corporation (Corporate Family Rating Ba2, Probability of Default
Ba2-PD).

RATINGS RATIONALE

The ratings withdrawal reflects the absence of rated debt at SPX
Corp. The company's $600 million senior unsecured notes rated Ba3
have been legally transferred to and assumed by SPX Flow (Corporate
Family Rating Ba2, Probability of Default Ba2-PD) as part of the
spin-off transaction from SPX Corp. These notes are outstanding
under the new obligor and continue to be rated Ba3.

SPX Flow is comprised of three segments: food and beverage, power
and energy, and the industrial segment. Annual revenues for 2015
are anticipated by Moody's to be under $2.5 billion.

Based in Charlotte, North Carolina, SPX Corporation is a leading
supplier of highly engineered HVAC products, detection and
measurement technologies and power equipment. With operations in
about 20 countries, SPX Corporation has approximately $2 billion in
annual revenues and approximately 6,000 employees worldwide.

The following ratings have been withdrawn:

SPX Corporation

-- Corporate Family Rating, Ba2

-- Probability of Default, Ba2-PD

-- Speculative Grade Liquidity Rating, SGL-3



SUMMIT STREET: Plan to Pay Off Creditors in Five Years
------------------------------------------------------
Summit Street Development Company, LLC, has filed a reorganization
plan that proposes to (i) pay creditors in full via installment
payments for five years, and (ii) let majority owner Harry H.
Hepler retain control of the company if the plan is accepted by
unsecured creditors.

The Plan specifically treats claims and interests as follows:

   -- The $4.71 million secured debt to Wolverine Bank (Class 1)
will be paid with monthly payments of interest for the first year,
monthly payments of principal throughout the remainder of a
five-year term, with the balloon payment on the fifth anniversary
of the Effective Date.

   -- Holders of allowed general unsecured claims (Class 2), which
is scheduled in the amount of $386,000, will be paid 100% their
allowed claims, payable in five annual installments, with the first
payment on or before 60 days after the Effective Date.

   -- Holders of equity interests (Class 3) will be treated in one
or two alternative methods:

       (i) If Class 2 votes to accept the Plan, the holders of
Class 3 interests will retain their interests.

      (ii) If Class 2 votes to reject the Plan and the Plan is
nonetheless confirmed, the interests of the Debtor will be
cancelled and the interests of the Reorganized Debtor will be sold
at an auction.

Since the Petition Date Harry Hepler, through his related entities
Motor Wheel Lofts, LLC and H, Inc., has contributed $123,520 to
fund Debtor's continued operations, tax escrow payments, and
interest payments to the Bank.

Additionally, Mr. Hepler has agreed to continue supporting Debtor's
on-going operations to the extent necessary, including funding any
deficiency of plan payments and operating expenses to the extent
such payments and expenses cannot be funded from Debtor's revenues.


Mr. Helper also is the majority interest holder and manager of
Motor Wheel Lofts, LLC, East Grand River, LLC and H, Inc.

The Debtor owes companies owned by Mr. Helper, namely, Motor Wheel
Lofts, LLC, East Grand River, LLC and H, Inc., $177,106, $32,642,
$68,948, respectively, for accommodations and loans made before the
Petition Date.  The Plan subordinate repayment of these amounts to
all non-insider claims, and no payments will be made until
Reorganized Debtor satisfies all non-Insider Claims in full as
required by the Plan.  

H, Inc., manages the Debtor's property and earns 5% of gross rents.
This amount has been paid during the Chapter 11 Case and will
continue to be paid after Confirmation.

According to the Plan, the Debtor may sell substantially all
Property only if the Bank's Debt is fully satisfied through the
transaction.  The Debtor may subdivide the Property and seek Bank's
consent or Bankruptcy Court authorization to sell any portion of
the Property free and clear of the Bank's mortgage and Liens.
Absent the Bank consent, such authorization shall be granted only
if the Debtor satisfies the requirements under Section 363 of the
Bankruptcy Code, including providing the Bank with adequate
protection of its interests in the Property.

A copy of the Amended Combined Plan of Reorganization and
Disclosure Statement filed Sept. 1, 2015, is available for free at
http://bankrupt.com/misc/Summit_S_45_Am_DS.pdf

                        About Summit Street

Summit Street Development, L.L.C., operates a commercial office
space within the historically adapted Prudden Tech Centre at 700
May Street in the City of Lansing, County of Ingham, State of
Michigan. The facility includes approximately 124,000 square feet
of leasable space and 850 parking spaces.

The current office tenants are C2AE and H Inc.  H Inc. has
committed to executing a new lease for the white-box space as it is
completed.  Additionally Gym space will be rented on an hourly or
per event basis by Summit Street to the public.

Harry H. Hepler owns 86.67% of the equity interests, and Barbara
Hepler owns the remaining 13.33%.

Summit Street sought Chapter 11 protection (Bankr. W.D. Mich. Case
No. 14-07339) in Grand Rapids, Michigan, on Nov. 21, 2014.  The
case is assigned to Judge John T. Gregg.  Harry H. Hepler, as
managing member, signed the petition.

Ryan D. Heilman, Esq., at Wolfson Bolton PLLC, in Troy, Michigan,
serves as counsel.

The Debtor, in amended schedules, disclosed $10,728,442 in assets
and $5,095,775 in liabilities as of the Chapter 11 filing.



SUNDIAL GROUP: Moody's Assigns 'B3' Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service assigned a first time B3 Corporate Family
Rating (CFR) and Caa1-PD Probability of Default rating to Sundial
Group LLC. Moody's also assigned a B3 rating to the senior secured
revolving credit facility and senior secured term loan of Sundial
Group Holdings LLC. Proceeds of the issuance will be used to fund
Bain Capital's acquisition of a 49% stake in the company.

The following ratings were assigned:

Sundial Group LLC

  Corporate Family Rating at B3;

  Probability of Default at Caa1-PD;

Sundial Group Holdings LLC

  $25 million senior secured revolving credit facility expiring
  2019 at B3 (LGD 3)

  $150 million senior secured term loan maturing 2021 at B3
  (LGD 3);

The outlook is stable.

All ratings are subject to Moody's review of final closing
documents.

RATING RATIONALE

Sundial's B3 CFR reflects its modest scale, limited operating
history at current sales levels, concentration in a niche
sub-segment of the haircare category, and weak free cash flow.
While revenue growth has been very strong in recent years, Moody's
believes that this is largely a function of the company's early
stage in its lifecycle and as the company matures, and Moody's
expects the company's rate of growth to slow over time. Revenues
and earnings are vulnerable to changing customer preferences and
competition -- in particular from much larger, better capitalized
players in the personal care category. Moody's projects that
Sundial's moderate financial leverage will decline over the next 12
to 18 months as it continues to grow and penetrate additional
distribution channels. Deleveraging will be primarily through
earnings growth, as the company generates very modest free cash
flow since most of its products are manufactured in-house. Risks
include increasing competition in the multicultural personal
haircare category and event risk under partial financial sponsor
ownership.

Sundial's stable outlook reflects Moody's expectation that the
company will continue to operate at a small scale and have high
product concentration, but will continue to post stable revenue
growth and modest free cash flow.

The ratings could be downgraded if Sundial's revenue and EBITDA
deteriorate as a result of declining market share, retail
distribution or pricing. Debt funded acquisitions or shareholder
distributions or a deterioration in liquidity could also contribute
to a downgrade. Sustained debt to EBITDA leverage above 6.0x could
also prompt a downgrade.

An upgrade would require that the company improve its scale and
product diversity and demonstrate a longer-term track record of
profitable growth. Sundial would also need to maintain
debt-to-EBITDA leverage below 4 times to support an upgrade.

Sundial Group Holding LLC is an Amityville, NY-based manufacturer
of beauty and personal care products including lotions, washes,
soaps, , haircare and baby products. Its key brands focus on
serving the needs of changing demographics within the personal care
category. In October 2015, Bain Capital plans to acquire a 49%
stake in the company.



SUNOPTA INC: S&P Assigns 'B' CCR & Rates US$330MM Sr. Notes 'B'
---------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B'
long-term corporate credit rating and stable outlook to SunOpta
Inc.

SunOpta is proposing a US$450 million acquisition of Sunrise
Growers Inc., financed with US$100 million of common equity, and
US$330 million of senior secured second-lien notes.

As a result, S&P is also assigning its 'B' issue-level rating, and
'4' recovery rating to the company's US$330 million senior secured
second lien notes due 2022.  The '4' recovery rating indicates
S&P's expectation of average (30% to 50%; upper half of the range)
recovery, in the event of default.

"The ratings on SunOpta reflect what we view as the company's weak
business risk profile, characterized by the company's position
within the relatively small but fast-growing industry of sourcing,
processing, and packaging of organic and non-GMO grains and fruit
ingredients," said Standard & Poor's credit analyst Donald Marleau.


S&P's view of the company's financial risk profile as "aggressive"
incorporates pro forma debt leverage of 5.0x-5.5x after giving
effect to the largely debt-financed Sunrise acquisition in late
2015.  S&P's key operating and financial metrics exclude the
company's Opta Minerals Inc. subsidiary, which has nonrecourse
financing and which S&P views as noncore.

S&P assesses SunOpta's business risk profile as "weak," owing to
the company's limited competitive advantage as a small producer in
the fragmented global ingredients industry, which is
counterbalanced by the attractive growth prospects of its focus
area in organic, non-GMO food products.  SunOpta's business
segments include the global sourcing of ingredients for resale, a
portion of which also supplies the company's consumer products
segments that makes on-trend healthy beverages, frozen fruit, and
snacks, and sells inputs and consumer products to larger food
manufacturers, retailers, and foodservice companies.  The
acquisition of Sunrise will add a leading provider of frozen fruit
(predominantly strawberries) that serves private-label retail and
food service.

The stable outlook is predicated on SunOpta's integration of the
Sunrise acquisition, which S&P believes should boost margins and
push leverage below 5x in 2016.

S&P could lower the rating if SunOpta's EBITDA interest coverage
deteriorated to below 2x, which S&P believes would expose the
company to potentially higher debt levels for working capital
swings and weaker liquidity.  Considering the low fixed-asset
intensity of its business and low capital expenditure requirements,
S&P believes that such a scenario would incorporate adjusted EBITDA
margins below 5%, indicating weak performance in its core
operations or problems integrating acquisitions.

S&P could raise its rating on SunOpta if the company integrates the
Sunrise acquisition, such that leverage drops below 4x.  S&P
believes that such a scenario would be consistent with higher
adjusted EBITDA margins of about 9%, as well as some free cash flow
for debt reduction after working capital investments.



TECK RESOURCES: S&P Lowers CCR to 'BB', Outlook Negative
--------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its long-term
corporate credit and issue-level ratings on Canada-based globally
diversified mining company Teck Resources Ltd. to 'BB' from
'BBB-'.  The outlook is negative.

At the same time, Standard & Poor's assigned its '3' recovery
rating to senior unsecured notes.  The '3' recovery rating
corresponds with meaningful (50%-70%, at the upper half of the
range) recovery in our simulated default scenario.

"The downgrade on Teck primarily reflects persistently weak
metallurgical coal market conditions, which have led to the
significant downward revision to our coal price assumptions for
2016 and 2017, and a corresponding reduction in our earnings and
cash flow estimates," said Standard & Poor's credit analyst Jarrett
Bilous.

S&P estimates the company will generate free operating cash flow
deficits in this period above S&P's previous expectations, which
incorporate its assumption of continuing high capital expenditures,
notably related to its Fort Hills oils sands partnership.  As such,
S&P believes Teck will increasingly draw on its credit facilities
starting next year, contributing to estimated prospective leverage
ratios materially above its threshold for the previous rating.

S&P has also revised its financial risk profile assessment on Teck
to "aggressive" from "significant," primarily to reflect S&P's
expectation for materially weaker core credit measures through
2017.

"In our view, slowing Chinese demand and excess industry capacity
will continue to weigh on metallurgical coal prices in the near
term.  In our opinion, a significant share of global metallurgical
coal capacity is operating at or below break-even cash flow levels
of profitability, which we believe is unsustainable.  We continue
to expect the industry to further curtail supply, translating into
modestly higher prices next year.  However, we acknowledge that
significant announced capacity reductions have not translated into
an improved industry supply-demand balance to date.  In our view,
continuing soft or slowing industry demand remains a key risk, not
only for metallurgical coal, but also copper and zinc prices.  In
this scenario, we believe Teck's financial flexibility could be
materially constrained," S&P said.

S&P also assumes Teck will continue to fund large capital
expenditures related to its Fort Hills oil sands partnership, with
no change in its 20% ownership stake.

The negative outlook on Teck primarily reflects the potential that
weak market fundamentals for its core commodity segments, which
include metallurgical coal, copper and zinc, persist or further
deteriorate in 2016, and could lead to a lower financial risk
assessment on the company.  S&P estimates the company's
weighted-average, adjusted debt-to-EBITDA of about 5x and average
FFO-to-debt below 12% over the next two years, which are weak for
S&P's financial risk assessment on the company.

S&P could lower the ratings on Teck if S&P expects the company to
generate weaker-than-expected earnings and higher-than-expected
free cash flow deficits next year.  In this scenario, S&P would
expect Teck to realize lower prices or generate reduced output at
certain of its core commodity segments relative to S&P's
assumptions, resulting in an estimated adjusted debt-to-EBITDA
ratio sustained above 5x.

S&P could revise the outlook to stable if it expects Teck to
generate a sustained adjusted debt-to-EBITDA below 5x.  In S&P's
view, the company would need to generate improvement in earnings
and cash flow, most likely from a greater-than-expected increase in
the prices of its core commodities, leading to reduced free cash
flow deficits and draws on its credit facilities.



TESORO CORP: S&P Affirms 'BB+' CCR & Revises Outlook to Positive
----------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'BB+'
corporate credit rating on Tesoro Corp. and revised the outlook to
positive.  S&P also affirmed Tesoro Corp.'s senior secured rating
of 'BBB', and the recovery rating of '1' is unchanged.  The senior
unsecured rating of 'BB+' is affirmed and the recovery rating of
'3' is unchanged.  The '1' recovery rating indicates that lenders
could receive "very high" (90% to 100%) recovery, and the '3'
recovery rating indicates that lenders could expect meaningful (50%
to 70%; upper half of the range) if a payment default occurs.

At the same time, S&P affirmed Tesoro Logistics L.P.'s (TLLP)
corporate credit rating of 'BB' and revised the outlook to
positive.  TLLP's senior unsecured issue rating of 'BB' is affirmed
and the recovery rating of '4' is unchanged.  The '4' recovery
rating indicates that lenders could expect average (30% to 50%;
upper half of the range) if a payment default occurs.

"We base the outlook revision on Tesoro's steadily growing size and
diversity and its ability to manage regulatory risk in California
while maintaining favorable credit measures throughout the
commodity price cycle," said Standard & Poor's credit analyst
Michael Grande.

Although the cost burden from more stringent regulation in
California remains a key risk factor for the rating, Tesoro has
been able to pass this cost on to customers without much effect on
demand or margins.  Although S&P believes demand for refined
products could moderate during the next 12 months, it do not expect
the effect to materially influence consolidated credit measures.

S&P forecasts Tesoro to maintain consolidated debt to EBITDA
between 1.5x to 1.8x, interest coverage of 12x to 14x in 2016 and
that the company will maintain leverage of 2x or less under most
refining cycles.  S&P views Tesoro's California asset concentration
(about 60% of refining capacity) as riskier than its more
diversified peers, but believe the company's ability to manage the
risk and maintain appropriate credit measures in the future could
offset some of the weaknesses.  Nevertheless, S&P will continue to
monitor the financial effect of these regulatory risks in its
projections.

The positive outlook on Tesoro Corp. reflects S&P's expectation
that there is at least a one-in-three chance it could raise
Tesoro's rating one notch during the next 18 to 24 months if the
company continues to manage carbon tax regulation, achieve
synergies and enhance margins at its California refineries, not
meaningfully increase consolidated financial leverage beyond
current levels, expand its midstream business through TLLP, and
maintain ample liquidity.

The positive outlook on TLLP is tied to the positive outlook on
Tesoro, and reflects that S&P could raise TLLP's rating one notch
to 'BB+' if S&P upgrades Tesoro during the next 18 to 24 months.



TRACK GROUP: Signs $5 Million Loan Agreement with Sapinda
---------------------------------------------------------
Track Group, Inc., on Sept. 25, 2015, entered into a Loan Agreement
with one of the Company's related parties, Sapinda Asia Limited to
provide the Company with a $5 million line of credit that accrues
interest at a rate of 3% per annum for undrawn funds and 8% per
annum for borrowed funds.  

Pursuant to the terms and conditions of the Loan Agreement,
available funds may be drawn down at the Company's request at any
time until the Loan Agreement matures on Sept. 30, 2017, when all
borrowed funds, plus all accrued but unpaid interest will become
due and payable.  The Company, however, may elect to satisfy any
outstanding obligations under the Loan Agreement prior to the
Maturity Date without penalties or fees.

A copy of the Loan Agreement is available for free at:

                        http://is.gd/ktkEX5

                         About Track Group

Track Group (formerly SecureAlert) -- http://www.trackgrp.com/--
is a global provider of customizable tracking solutions that
leverage real-time tracking data, best-practice monitoring, and
analytics capabilities to create complete, end-to-end solutions.

SecureAlert incurred a net loss attributable to the Company's
common stockholders of $18.9 million for the year ended Sept. 30,
2013, following a net loss attributable to the Company's common
stockholders of $19.9 million for the fiscal year ended Sept. 30,
2012.

As of June 30, 2015, the Company had $55.80 million in total
assets, $38.24 million in total liabilities and $17.55 million in
total equity.

Hansen, Barnett & Maxwell, P.C., in Salt Lake City, Utah, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Sept. 30, 2013.  The independent
auditors noted that the Company has incurred losses, negative cash
flows from operating activities, notes payable in default and has
an accumulated deficit.  These conditions raise substantial doubt
about its ability to continue as a going concern.


TROCOM CONSTRUCTION: Has Authority for Continued Cash Use
---------------------------------------------------------
Judge Nancy Hershey Lord of the United States Bankruptcy Court for
the Eastern District of New York gave Trocom Construction Corp.
continued authority to use cash collateral on a final basis through
and including September 30, 2015.

Judge Hershey held that the continued final use of cash collateral
pursuant to an authorized budget for the month of September is
essential for the operation of the Debtor's business and in the
best interest of the Debtor's estate.

                      About Trocom Construction

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

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

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

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

The Debtor disclosed total assets of $32,462,383 and total
liabilities of $17,184,837 as of the Chapter 11 filing.


US ARMY CADET: Case Summary & 18 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: United States Army Cadet Corps, Inc.
           dba ARMY CADETS
           dba 21ST CENTURY SCHOLARSHIP FUND
           dba Forest Hill Station
           dba ARMY CADET EXCHANGE SERVICE
           dba Millersburg Military Institute
           dba ACES STORE
           dba Military Adventures Camp
           dba FOREST HILL MILITARY ACADEMY
           dba FOREST HILL STATION
           dba MILLERSBURG MILITARY ACADEMY
           dba ACESSTORE.COM
           dba INTERNATINAL ASSOCIATION OF MILITARY CADETS
           dba AMERICAN MILITARY CADET CORPS
        PO Box 277
        Millersburg, KY 40348

Case No.: 15-51931

Chapter 11 Petition Date: September 30, 2015

Court: United States Bankruptcy Court
       Eastern District of Kentucky (Lexington)

Debtor's Counsel: Brian T Canupp, Esq.
                  BRIAN T. CANUPP, P.S.C.
                  322 Main St
                  Paris, KY 40361
                  Tel: (859) 988-9658
                  Fax: (859) 988-9659
                  Email: Brian@canupplaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Henry Watson, III, receiver, Bourbon
Circuit Court.

A list of the Debtor's 18 largest unsecured creditors is available
for free at http://bankrupt.com/misc/kyeb15-51931.pdf


USA DISCOUNTERS: Hires Kurtzman Carson as Administrative Agent
--------------------------------------------------------------
USA Discounters, Ltd. and its debtor-affiliates seek authorization
from the U.S. Bankruptcy Court for the District of Delaware to
employ Kurtzman Carson Consultants LLC as administrative agent,
nunc pro tunc to the August 24, 2015 petition date.

The Debtors require Kurtzman Carson to:

   (a) assist with, among other things, solicitation, balloting,  

       and tabulation and calculation of votes, as well as
       preparing any appropriate reports, as required in   
       furtherance of confirmation of chapter 11 plans (the
       "Balloting Services");

   (b) generate an official ballot certification and testifying,
       if necessary, in support of the ballot tabulation results;

   (c) in connection with the Balloting Services, handle requests
       for documents from parties in interest, including, if
       applicable, brokerage firms, bank back-offices, and
       institutional holders;

   (d) gather data in conjunction with the preparation, and assist

       with the preparation, of the Debtors' schedules of assets
       and liabilities and statements of financial affairs;

   (e) manage and coordinate any distributions pursuant to a
       confirmed plan or otherwise; and

   (f) provide such other processing, solicitation, balloting, and

       other administrative services described in the Services
       Agreement, but not included in the Section 156(c)
       Application, as may be requested from time to time by the
       Debtors or the Court.

Kurtzman Carson will be paid at these hourly rates:

       Director/Senior Managing
       Consultant                       $170
       Consultant/Senior Consultant     $70-$155
       Project Specialist               $50-$95
       Technology/Programming
       Consultant                       $35-$70
       Clerical                         $25-$45

Kurtzman Carson will also be reimbursed for reasonable
out-of-pocket expenses incurred.

The Debtors provided Kurtzman Carson a retainer in the amount of
$15,000.

Evan Gershbein, senior vice president for Corporate Restructuring
Services of Kurtzman Carson, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

Kurtzman Carson can be reached at:

       Drake D. Foster
       KURTZMAN CARSON CONSULTANTS, LLC
       2335 Alaska Avenue
       El Segundo, CA 90245
       Tel: (310) 823-9000
       Fax: (310) 823-9133
       E-mail: dfoster@kccllc.com

                       About USA Discounters

USA Discounters was founded in May 1991. in the City of Norfolk,
Virginia, under the name USA Furniture Discounters, Ltd.  It sold
goods through two groups of stores -- one group of specialty
retail stores operating under the "USA Living" brand, typically in
standalone locations, and seven additional retail stores operating
under the "Fletcher's Jewelers" brand, typically in major shopping
malls.

USA Discounters, Ltd., and two affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 15-11755) on
Aug. 24, 2015, to wind down the business.

The Debtors tapped Pachulski Stang Ziehl & Jones LLP and Klee,
Tuchin, Bogdanoff & Stern LLP as attorneys, and Kurtzman Carson
Consultants, LLC, as claims and noticing agent.

USA Discounters estimated $100 million to $500 million in assets
and $50 million to $100 million in liabilities.



USA DISCOUNTERS: Taps Alvarez & Marsal to Provide CEO and CFO
-------------------------------------------------------------
USA Discounters, Ltd. and its debtor-affiliates seek authorization
from the U.S. Bankruptcy Court for the District of Delaware to
employ Alvarez & Marsal North America, LLC to provide Joseph J.
Sciametta as CEO and Laurene Sax as CFO, nunc pro tunc to the
August 24, 2015 petition date.

The Debtors require Alvarez & Marsal to provide the following
services:

   (a) the CEO shall perform all normal and customary duties
       required of the CEO;

   (b) the CFO shall provide all normal and customary duties
       required of the CFO;

   (c) in addition the Debtors expect that the Engagement
       Personnel shall perform such other services as requested or

       directed by the board of the directors of Holdings (the
       "Board") and agreed to by Alvarez & Marsal including but
       not limited to the following:

       -- assisting in the development of an orderly plan of
          liquidation;

       -- assisting in the development and management of a 13-
         week cash flow forecast;

       -- assisting in the preparation of reports and liaising
          with constituents;

       -- assisting in the discussions with, and providing
          information to potential investors, secured lenders,
          official committees, and the Office of the United States

          Trustee for the District of Delaware as deemed necessary

          and appropriate by the Debtors;

       -- assisting the overall financial reporting division in
          managing the administrative requirements of the
          Bankruptcy Code, including post-petition reporting
          requirements and claim reconciliation efforts;

       -- assisting the Debtors and their other advisors in
          analyzing any strategic alternatives for maximizing the
          value of their assets;

       -- serving as the principal constituents/creditors with
          matters; and contact with the Debtors' key respect to
          financial and operational

       -- performing such other services in connection with these
          chapter 11 proceedings as reasonably requested or
          directed by the Board, consistent with the role played
          by Alvarez & Marsal in this matter and not duplicative
          of services being performed by other professionals in
          these proceedings.

In accordance with the terms of the Engagement Letter, A&M will be
paid by the Debtors for the services of the Engagement Personnel at
their customary hourly billing rates with the exception of the CEO
and CFO Alvarez & Marsal and the Debtors have agreed that the
Debtors will pay A&M a flat rate of $75,000 per 28 day period in
return for the services rendered to the Debtors by the CEO and
$108,000 per 28 day period for the services rendered to the Debtors
by the CFO.  The current hourly billing rates for Additional
Personnel, based on the position held by such Additional Personnel
at Alvarez & Marsal, are subject to the following ranges:

        Managing Director          $750-$950
        Director                   $550-$750
        Analyst/Associate          $350-$550

Alvarez & Marsal will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Alvarez & Marsal received $273,000 as a retainer in connection with
the engagement Letter. Prior to the Petition Date, Alvarez & Marsal
received retainers and payments totaling $7,458,996 in the
aggregate for services performed for the Debtors.

Joseph J. Sciametta, managing director of Alvarez & Marsal, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Alvarez & Marsal can be reached at:

       Joseph J. Sciametta
       ALVAREZ & MARSAL NORTH AMERICA, LLC
       600 Madison Avenue, 8th Floor
       New York, NY 10022
       Tel: (646) 495-3570
       Fax: (212) 759-5532
       E-mail: jsciametta@alvarezandmarsal.com

                       About USA Discounters

USA Discounters was founded in May 1991. in the City of Norfolk,
Virginia, under the name USA Furniture Discounters, Ltd.  It sold
goods through two groups of stores -- one group of specialty
retail stores operating under the "USA Living" brand, typically in
standalone locations, and seven additional retail stores operating
under the "Fletcher's Jewelers" brand, typically in major shopping
malls.

USA Discounters, Ltd., and two affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 15-11755) on
Aug. 24, 2015, to wind down the business.

The Debtors tapped Pachulski Stang Ziehl & Jones LLP and Klee,
Tuchin, Bogdanoff & Stern LLP as attorneys, and Kurtzman Carson
Consultants, LLC, as claims and noticing agent.

USA Discounters estimated $100 million to $500 million in assets
and $50 million to $100 million in liabilities.


VERIFONE INC: $200MM Repurchase Plan No Impact on Moody's Ratings
-----------------------------------------------------------------
Moody's Investors Service said that VeriFone, Inc.'s parent
company, VeriFone Systems, Inc.'s $200 million share repurchase
plan is credit negative but VeriFone's Ba3 Corporate Family Rating,
Ba3 senior secured debt rating and the stable rating outlook are
not affected.


VUTEC CORPORATION: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Vutec Corporation
        11711 W. Sample Road
        Coral Springs, FL 33065

Case No.: 15-27451

Chapter 11 Petition Date: September 30, 2015

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: Hon. Raymond B Ray

Debtor's Counsel: Chad P Pugatch, Esq.
                  RICE PUGATCH ROBINSON, P.A.
                  101 NE 3 Ave Suite 1800
                  Ft. Lauderdale, FL 33301
                  Tel: (954) 462-8000
                  Email: cpugatch.ecf@rprslaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Howard L. Sinkoff, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flsb15-27451.pdf


WAVE SYSTEMS: Announces Convertible Bridge Loan Financing
---------------------------------------------------------
Wave Systems Corp. has completed an unsecured convertible bridge
financing consisting of a $490,000 convertible bridge instrument
that is required to be repaid on or before Dec. 24, 2015, with a
repayment amount of $588,000.  Noteholders were issued warrants to
purchase up to 1,225,000 shares of Wave's Class A common stock at
an exercise price of $0.18 per share.  These warrants cannot be
exercised for a period six months after the effective date of the
transaction and the warrants expire in September 2020.

If Wave fails to pay the repayment amount by the repayment date,
the holders may (but are not required to) elect to convert the
bridge investment into shares of our Class A common stock at a
conversion rate based on the repayment amount divided by an amount
equal to the lesser of $0.168 and 80% of Wave's VWAP for the 5
trading day period prior to the date on which the conversion
election is made.  The bridge securities may not be converted into
more than 19.9% of the outstanding common shares immediately
preceding the transaction, unless a shareholder approval is
obtained by Wave.  The investors were granted resale registration
rights in respect of the common stock issuable under the
convertible bridge securities and warrants.

Security Research Associates acted as the placement agent in
connection with the offering and will receive (i) a cash payment of
$29,400 and (ii) warrants to purchase up to 73,500 shares of our
Class A common stock at an exercise price of $0.18 per share. These
warrants cannot be exercised for a period six months after the
effective date of the transaction and these warrants expire in
September 2020.

                         About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products for
hardware-based digital security, including security applications
and services that are complementary to and work with the
specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems reported a net loss of $12.9 million in 2014, a net
loss of $20.3 million in 2013 and a net loss of $34 million in
2012.

KPMG LLP, in Hartford, Connecticut, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that
Wave Systems Corp. has suffered recurring losses from operations
and has a net capital deficiency that raise substantial doubt about
its ability to continue as a going concern.


WET SEAL: Seeks Nov. 30 Extension of Solicitation Period
--------------------------------------------------------
Seal123, Inc., f/k/a The Wet Seal, Inc., and its debtor affiliates
ask the United States Bankruptcy Court for the District of Delaware
to extend their exclusive period for the solicitation and
acceptance of their Chapter 11 plan through and including November
30, 2015.

The Debtors tell the Court court that they, together with the
Official Committee of Unsecured Creditors, are proceeding
expeditiously toward confirmation of the Plan, with a confirmation
hearing set for October 30, 2015.  The Debtors seek to extend the
Solicitation Period a month after the hearing on confirmation of
the Plan, without prejudice to the Debtors' right to seek a further
extension of the Solicitation Period, as may be appropriate under
the circumstances.  The Debtors believe that there is broad support
for confirmation of the Plan, and submit that the requested
extension of the Solicitation Period is both appropriate and
necessary.

As previously reported by the Troubled Company Reporter on Aug.
14,
2015, the Plan provides for the creation of a Liquidation Trust
that will administer and liquidate all remaining property of the
Debtors after the payment of certain fees and expenses.  The Plan
also provides for Distributions to certain Holders of Secured
Claims, Administrative Claims, Professional Fee Claims, Priority
Claims, and General Unsecured Claims, and for the funding of the
Liquidation Trust.

The Plan further provides for the cancellation of all Equity
Interests in the Debtors, the dissolution and wind-up of the
affairs of the Debtors, and the transfer of any remaining Assets
of
the Debtors' Estates to the Liquidation Trust. Under the Plan and
pursuant to a Global Plan Settlement, for purposes of voting and
distribution in connection with the Plan, the Debtors will be
substantively consolidated, meaning that all of the Assets and
liabilities of the Debtors will be deemed to be the Assets and
liabilities of a single entity.

The Debtors are represented by:

          Michael R. Nestor, Esq.
          Margaret Whiteman Greecher, Esq. (DE Bar No. 4652)
          Travis G. Buchanan, Esq. (DE Bar No. 5595)
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          Rodney Square
          1000 North King Street
          Wilmington, Delaware 19801
          Tel: (302) 571-6600
          Fax: (302) 571-1253
          Email: mnestor@ycst.com
                 mgreecher@ycst.com
                 tbuchanan@ycst.com

             -- and –-

          Lee R. Bogdanoff, Esq.
          Michael L. Tuchin, Esq.
          David M. Guess, Esq.
          Jonathan M. Weiss, Esq.
          KLEE, TUCHIN, BOGDANOFF & STERN LLP
          1999 Avenue of the Stars, 39th Floor
          Los Angeles, CA 90067
          Tel: (310) 407-4022
          Fax: (310) 407-9090
          Email: lbogdanoff@ktbslaw.com
                 mtuchin@ktbslaw.com
                 dguess@ktbslaw.com
                 jweiss@ktbslaw.com

                  About Wet Seal

The Wet Seal, Inc., et al., are retailers selling fashion apparel
and accessory items designed for female customers aged 13 to 24
years old.

The Company, and three affiliates -- The Wet Seal Retail,
Inc., Wet Seal Catalog, Inc., and Wet Seal GC, LLC -- filed for
separate Chapter 11 petitions (Bankr. D. Del. Case Nos. 15-10081
to 15-10084) on Jan. 15, 2015.  The Wet Seal, Inc., disclosed
$215,254,952 in assets and $60,598,968 in liabilities as of the
Chapter 11 filing.

The Hon. Christopher S. Sontchi presides over the jointly
administered cases.  Maris J. Kandestin, Esq., and Michael R.
Nestor, Esq., at Young Conaway Stargatt & Taylor, LLP; Lee R.
Bogdanoff, Esq., Michael L. Tuchin, Esq., David M. Guess, Esq.,
and Jonathan M. Weiss, Esq., at Klee, Tuchin, Bogdanoff & Stern
LLP; and Paul Hastings LLP, serve as the Debtors' Chapter 11
counsel.  FTI Consulting serves as the Debtors' restructuring
advisor.  The Debtors' investment banker is Houlihan Lokey.  The
Debtors tapped Donlin, Recano & Co., Inc. as claims and noticing
agent.  

The petitions were signed by Thomas R. Hillebrandt, interim chief
financial officer.

B. Riley, the original DIP lender and plan sponsor, is represented
by Van C. Durrer, II, Esq., at Skadden, Arps, Slate, Meagher &
Flom LLP.

Versa Capital Management, LLC, and its affiliate, Mador Lending,
LLC, which was selected as the successful bidder at an auction, is
being advised by Greenberg Traurig LLP, Klehr Harrison Harvey
Branzburg LLP, and KPMG LLP.  

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors.  The Committee retained Pachulski Stang Ziehl & Jones
LLP as its counsel and Province Inc. as its financial advisor.

The Wet Seal, Inc., changed its name to "Seal123, Inc." on
April 17, 2015, in accordance with the asset purchase agreement
with Mador Lending, LLC, an affiliate of Versa Capital Management,
LLC, as buyer.


ZOGENIX INC: Attends Leerink Partners' Meetings
-----------------------------------------------
Beginning on Sept. 29, 2015, representatives of Zogenix, Inc. will
be attending meetings with investors and others in connection with
Leerink Partners' Fourth Annual Rare Disease Roundtable in New York
City, New York.  Copies of the slides to be used at these meetings
is available for free at http://is.gd/zOGUtH

                         About Zogenix Inc.

Zogenix, Inc. (NASDAQ: ZGNX), with offices in San Diego and
Emeryville, California, is a pharmaceutical company
commercializing and developing products for the treatment of
central nervous system disorders and pain.

Zogenix reported net income of $8.58 million in 2014 following a
net loss of $80.85 million in 2013.

As of June 30, 2015, the Company had $246.7 million in total
assets, $138.6 million in total liabilities and $108.1 million in
total stockholders' equity.

Ernst & Young LLP, in San Diego, 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 and negative cash flows from
operating activities raise substantial doubt about its ability to
continue as a going concern.


[*] Chadbourne's Zink to Head McCarthy Fingar's NY Bankr. Practice
------------------------------------------------------------------
McCarthy Fingar, LLP, one of the Hudson Valley's most distinguished
law firms, on Oct. 1 disclosed that attorney N. Theodore Zink, Jr.
has joined the firm as a partner.  Mr. Zink, formerly of Chadbourne
& Parke, LLP in New York City, will lead McCarthy Fingar's new
Bankruptcy, Workouts & Creditors' Rights practice group.  He will
also join the firm's Corporate & General Business and Exempt
Organizations groups.

Mr. Zink has more than 27 years of experience in bankruptcy,
workouts, and creditors' rights, with additional expertise in
structured finance, general corporate and transactional matters,
and legal issues unique to private clubs and non-profits.  He has
handled various bankruptcy matters and troubled credit workouts,
including the representation of debtors in pre-packaged and
conventional Chapter 11 cases; advising agent banks in the
out-of-court restructuring of syndicated facilities; representing
secured and unsecured lenders in Chapter 7, Chapter 11, and
cross-border insolvencies; and advising directors and other
fiduciaries of troubled companies and debtors in possession.  He
has also handled numerous insolvency matters involving the energy
and media industries.

Mr. Zink is the author of several legal journal articles and an
active member of the American Heart Association, Larchmont Chamber
of Commerce, and New York Association of Business Brokers, among
other organizations.  He earned his J.D. from Washington University
School of Law, an M.B.A. from Washington University Graduate School
of Business, and a B.B.A. from the University of Notre Dame.

"Ted is a highly accomplished attorney in bankruptcy, workouts and
creditors' rights, and his vast experience will be invaluable to
his clients," said McCarthy Fingar co-administrative partner Howell
Bramson.  "His addition to McCarthy Fingar underscores our firm's
continued commitment to excellence and growth.  We are thrilled to
have someone of Ted's stature and expertise form a new Bankruptcy,
Workouts & Creditors' Rights practice group and enhance our firm's
Corporate & General Business, and Taxation groups."

Now in its 70th year of practice, McCarthy Fingar continues to
demonstrate its ability to grow and accomplish strategic
acquisitions.  Over the years, the firm has earned a strong
reputation for offering preeminent legal services to clients in New
York, New Jersey, and Connecticut.  McCarthy Fingar counsels
clients in a wide range of matters, including financial, banking,
manufacturing, real estate development and lending, litigation,
taxation, trusts and estates, private equity capital, intellectual
property, family and collaborative law, mediation, and its recently
acquired land use and municipal law practice.

                   About McCarthy Fingar, LLP

McCarthy Fingar, LLP has provided legal services in the
Metropolitan New York area and the Hudson Valley region for more
than 70 years.  Based in White Plains, New York, the firm boasts a
distinguished staff of more than 27 lawyers with diverse areas of
concentration, making it a leader in the legal and business
communities.  McCarthy Fingar provides legal counsel in a wide
range of practice areas, including appellate practice, business
litigation, medical malpractice, estates and trusts, matrimonial
and family law, banking, and taxation.




[*] Real Estate Bankruptcies Down in Jan. to Aug. Period
--------------------------------------------------------
Aleksandrs Rozens, writing for Bloomberg News, reported that single
asset real estate debtors accounted for 17% of the 776 Chapter 11
cases with debt of $1 million and up that sought court protection
between the January and August period.

According to the report, the number is down 21% from the 858
Chapter 11 bankruptcy cases in the same period a year ago.  The
report added that 84%, or 114, of the 137 real estate cases seen in
the first eight months of the year had liabilities of $1 million to
$10 million.  July has been the most active month when it comes to
single asset real estate filings, the report said.


                            *********

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 ***