TCR_Public/151023.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 23, 2015, Vol. 19, No. 296

                            Headlines

151 MILBANK: Case Summary & 20 Largest Unsecured Creditors
AK STEEL: S&P Lowers Corp. Credit Rating to 'B-'
AKA REAL ESTATE: Case Summary & 2 Largest Unsecured Creditors
ALLEN CONSTRUCTION: Case Summary & 22 Largest Unsecured Creditors
ALLIED NEVADA: Court Approves Ernst & Young as Tax Advisors

ALLIED NEVADA: Ernst & Young Approved as Tax Advisor
ALLIED NEVADA: Zolfo Cooper Declares No Adverse Interest
ALLY FINANCIAL: S&P Revises Outlook to Pos. & Affirms 'BB+' ICR
AMERICAN APPAREL: Optimistic About Returning to Profitability
AMERICAN APPAREL: Wants Court to Set December 9 as Claims Bar Date

ASSURANT HEALTH: Moody's Cuts Insurance Fin. Strength Rating to Ba1
ASSURANT HEALTH: S&P Lowers Counterparty Credit Ratings to 'BB+'
ATLANTIC & PACIFIC: Gets Approval to Sell Dozens of Stores
ATLANTIC & PACIFIC: Has Until Plan Confirmation to Remove Actions
ATLANTIC & PACIFIC: Manischevitz Buying Brooklyn Assets for $6.3M

ATLANTIC & PACIFIC: Wants Nov. 11 Set as General Claims Bar Date
BEHRINGER HARVARD: Gary Bresky Quits as Managing Trustee's CFO
BERNARD L. MADOFF: Judge Revokes Sale of $230 Million Claim
BISON PROPERTIES: E&Y to Auction Beach Hotel on December 15
CAESARS ENTERTAINMENT: Caps Off Trial Against Jr. Noteholders

CARDIAC SCIENCE: Has $9-Mil. DIP Agreement with CFS 915
CARDIAC SCIENCE: Proposes CFS 915-Led Auction on Dec. 17
CARDIAC SCIENCE: Seeks to Employ Whyte Hirschboeck as Attorneys
CARDIAC SCIENCE: Taps Alvarez & Marsal's Michael Kang as CRO
CARDIAC SCIENCE: Wants 15-Day Extension to File Schedules

CHARLES FOUNDATION: Oct. 26 Hearing on Bid to Dismiss Ch. 11 Case
CHOCTAW GENERATION: Fitch Affirms 'B' Rating on $235.9MM Notes
CLARKE REAL ESTATE: Files Schedules of Assets and Liabilities
CLARKE REAL ESTATE: Wants to Hire Bielli & Klauder as Counsel
COLFAX CORP: S&P Revises Outlook to Neg. & Affirms 'BB+' CCR

COLLEGIATE ACADEMY: S&P Affirms 'B+' Rating on 2004 Revenue Bonds
COLT DEFENSE: Cancels Bankruptcy Auction
COLT HOLDING: Seeks Approval of Restructuring Support Agreement
COMSTOCK MINING: To Receive $5.9 Million from Public Offering
CONSTRUCTION LOAN: Case Summary & 5 Top Unsecured Creditors

DAIICHI CHUO: Ontario Court Recognizes Japanese Proceedings
DETROIT, MI: Order Denying DWSD Customers' Bid for TRO Affirmed
DEWEY & LEBOEUF: Most Jurors Wanted to Acquit Davis, DiCarmine
DOLPHIN DIGITAL: Amends Articles of Incorporation
ENDEAVOUR INT'L: Pact Shrinks Ex-CEO's $6.2M Employment Claim

ENDEAVOUR INTERNATIONAL: Cancels Registration of Securities
ENERGY FUTURE: Seeks Approval for TCEH to Bid for Generation Assets
ESCO MARINE: Chatsworth Securities Approved as Investment Bankers
ESTATE FINANCIAL: Hearing on Ezra Brutzkus Employment Continued
EWGS INTERMEDIARY: Court Issues Final Decree Closing Ch. 11 Cases

EXCO RESOURCES: S&P Lowers Corporate Credit Rating to 'SD'
FIBERTOWER NETWORK: Court Signs Final Decree Closing 2 Ch. 11 Cases
FIRST DATA: Fitch Affirms 'B' IDR & Revises Outlook to Positive
FOREVER GREEN: Ulterior Motives Can Derail Forced Bankruptcies
FORTY ACRE: Ex-Counsel's Bid to Withdraw Reference Denied

FRESH & EASY: To Shut Down Stores
GEOMET INC: Largest Pref. Stock Holder OKs Company Dissolution
GLACIAL ENERGY: Units End Chapter 11 Cases After Asset Sales
GREAT ATLANTIC: Best Yet Market Offers $8.54-Mil. for NY Assets
GREEN MOUNTAIN: Morris Manning Withdraws as Counsel for Dan Cowart

GREYSTONE LOGISTICS: Incurs $91K Net Loss in Aug. 31 Quarter
GRIFFIN SIGN: Voluntary Chapter 11 Case Summary
GT ADVANCED: To Exit Hyperion Business, Sells Assets
HAGGEN HOLDINGS: $92M Bankruptcy Auction Plan Gets Green Light
HII TECHNOLOGIES: Court Approves Garden City as Notice Agent

HII TECHNOLOGIES: Hilco Industrial Okayed as Auctioneer
HII TECHNOLOGIES: Landlords Directed to Allow Access to Premises
HII TECHNOLOGIES: Lists $4.1MM in Assets, $18.8MM in Debts
HII TECHNOLOGIES: Meeting of Creditors Scheduled for Oct. 27
HII TECHNOLOGIES: U.S. Trustee Forms Three-Member Committee

HUNTER HOSPITALITY: Dorstens' Suit Transferred to Utah Court
HUTCHESON MEDICAL: Parties Object to Auction of Medical Center
HYCROFT MINING: Completes Restructuring, Exits Chapter 11 Process
IAC/INTERACTIVECORP: S&P Lowers CCR to 'BB', Outlook Stable
ISC8 INC: Suspending Filing of Reports with SEC

JARDEN CORP: S&P Releases Corrected Press Release
KB YUZHNOYE: Ex-JV Partners Say Boeing Wants Too Much in $355M Suit
LB STEEL LLC: Hires Perkins Coie as Bankruptcy Counsel
LB STEEL LLC: Section 341 Meeting Scheduled for Dec. 1
LB STEEL LLC: Taps Development Specialists as Financial Advisor

LB STEEL: In Chapter 11 to Conduct Sale Process
MARSHALL OIL: Bankr. Court Abstains from Hearing Bidder's Suit
MIDSTATES PETROLEUM: Provides Q3 2015 Operational Update
MIDSTATES PETROLEUM: Reaffirms $252M Revolving Credit Facility
MONTREAL MAINE: Molleur Law OK'd as Ch. 11 Trustee's Special Atty

MORTGAGE FUND '08: Dismissal of 3 Clawback Suits Affirmed
NESCO LLC: S&P Revises Outlook to Negative & Affirms 'B-' CCR
ORLANDO GATEWAY: U.S. Trustee Withdraws Bid to Disqualify WHMH
PALM BEACH COMMUNITY CHURCH: Tax Dispute Goes to State Court
PARK 91 LLC: Liquidating Plan Confirmed by Judge

PATRIOT COAL: Deutsche Bank Seeks to Lift Automatic Stay
PLASTIPAK HOLDINGS: Moody's Hikes B1 Corporate Family Rating
POPE LOGGING: Suit Against Hall Oil Dismissed
PREMIER PEST: Bankruptcy Case Dismissed
PUERTO RICO: Congress Urged to Draw Up Bankruptcy Measures

QUIKSILVER INC: Seeks to Decelerate Obligations to Boardriders
QUIZNOS: Investors to Appeal Dismissal of Restructuring Suit
RAHNDEE INDUSTRIAL: Liable for Tax Debt as Successor in Interest
RAILYARD COMPANY: Amends Schedules of Assets and Liabilities
RAILYARD COMPANY: Seeks Cash Collateral Use Through Dec. 31

RANCH 967 LLC: Exit Plan Mulls Lot Sales, New $3 Million Loan
RANCH 967 LLC: Moves Plan Hearing to Nov. 19 for Discovery, Talks
RANCH 967: Rockafellow Seeks Stay Relief to Foreclose Property
RAVENS PENTHOUSE: Case Summary & 3 Largest Unsecured Creditors
RELATIVITY MEDIA: Ryan Kavanaugh-Led Group Clinches Control of Co.

ROBERT J. MEIER: Objections to Ex-Wife's $300K Claim Overruled
ROSETTA RESOURCES: Moody's Withdraws Ba3 Corporate Family Rating
SAINT MICHAEL'S: Court OKs CohnReznick LLP as Panel's Advisor
SAMSON RESOURCES: Can Hire Klehr Harrison as Co-Counsel
SAMSON RESOURCES: Files Statements and Schedules

SANDISK CORP: S&P Puts 'BB+' CCR on CreditWatch Negative
SBMC HEALTHCARE: Court Stikes Amended Motion to Convert Case
SCARBOROUGH-ST. JAMES: Bankruptcy Case Dismissed
SEARS METHODIST: Has Authority to Enter into Substitution Agreement
SHINGLE SPRINGS: Moody's Affirms 'B2' Corporate Family Rating

SIGNAL INTERNATIONAL: Stay Modified for 2nd Cir. to Rule on Appeal
STAR WEST: Moody's Puts Ba3 Rating Under Review for Downgrade
SURFACEMAX INC.: Precision 2000's Bis to Dismiss Suit Denied
T-L BRYWOOD: Hearing on Disclosures for Rival Plans Nov. 12
TAYLOR-WHARTON INT'L: Unsecured Creditors Blast Quick Sale

TERRACE MORTGAGE: Case Summary & 7 Largest Unsecured Creditors
THORNTON & CO: U.S. Trustee Seeks Chapter 7 Liquidation
TIERPOINT LLC: Moody's Says B3 CFR Unaffected by Windstream Deal
TLFO LLC: OK'd to Hire Epiq for Doc Review Services
TLFO LLC: Oversight Committee Terminated

TRIREME MEDICAL: Fears Bankruptcy After $20M Catheter Row Loss
VICTORY MEDICAL: Court Approves Texas Capital Bank Settlement
VIRTUAL PIGGY: Issues $200,000 Promissory Note to Investor
WAFERGEN BIO-SYSTEMS: Perkins Reports 15.2% Stake as of Oct. 16
WARNER MUSIC: S&P Lowers Corp. Credit Rating to 'B', Outlook Stable

WEST AIRPORT: Chapter 11 Case Dismissed
XINERGY CORP: WPP LLC Named Member of Creditors' Committee
XINERGY LTD: Dec. 1 Confirmation Hearing on Amended Plan
ZUCKER GOLDBERG: Authorized to Make Distribution to Key Employees
ZUCKER GOLDBERG: Brown Moskowitz OK'd as Litigation Counsel

ZUCKER GOLDBERG: Committee Taps McCarter & English as Counsel
ZUCKER GOLDBERG: Sobel & Co. OK'd to Prepare and File Tax Returns
ZUCKER GOLDBERG: Spars With New Jersey Offices Landlord on Rent
ZUCKER GOLDBERG: Wasserman Jurista Approved as Counsel
[*] Bankr. Reform Worked But Didn't Go Far Enough, Says McMickle

[*] Barnes & Thornburg Chicago Partner Named Bankruptcy Judge
[*] Fitch: Unexpected Pressures to Challenge U.S. Utility Ratings
[*] Global Spec.-Grade Corp. Default Rate Raise Higher in 3rd Qtr.
[*] Moody's Liquidity Stress Index Remains Near 5-Year High
[*] Two Senior Experts Join Huron's Business Advisory Practice

[] Michigan's Statutory Lien Bill Will Raise Recoveries, Fitch Say
[^] BOOK REVIEW: The Story of The Bank of America

                            *********

151 MILBANK: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: 151 Milbank, LLC
        248 Greenwich Ave
        Greenwich, CT 06830

Case No.: 15-51485

Chapter 11 Petition Date: October 21, 2015

Court: United States Bankruptcy Court
       District of Connecticut (Bridgeport)

Judge: Hon. Alan H.W. Shiff

Debtor's Counsel: Thomas J. Farrell, Esq.
                  HINCKLEY ALLEN AND SNYDER LLP
                  20 Church Street
                  Hartford, CT 06103
                  Tel: 860-725-6200
                  Fax: 860-278-3802
                  Email: tfarrell@haslaw.com

Total Assets: $4.6 million

Total Debts: $4.4 million

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ctb15-51485.pdf


AK STEEL: S&P Lowers Corp. Credit Rating to 'B-'
------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on West Chester, Ohio-based steel company AK Steel
Corp. to 'B-' from 'B'.  The outlook is stable.

At the same time, S&P lowered its issue-level rating on the
company's senior secured notes one notch to 'B+' from 'BB-'.  S&P's
recovery rating on the secured notes remains '1', indicating its
expectation for very high (90% to 100%) recovery in the event of a
payment default.  S&P also lowered its issue-level rating on the
company's senior unsecured notes one notch to 'CCC+' from 'B-'.
S&P's recovery rating on the unsecured notes remains '5',
indicating its expectation for modest (10% to 30%; at the upper end
of the range) recovery in the event of a payment default.

"We expect AK Steel will maintain its strong liquidity position
over the next 12 months, despite a challenging price and operating
margin environment due mainly to imports," said Standard & Poor's
credit analyst William Ferara.  "We expect adjusted debt to EBITDA
and EBITDA interest coverage will remain weak at above 10x and
below 1.5x, respectively, in the next 12 months."

S&P could lower the rating if AK Steel's liquidity position were to
deteriorate, resulting in availability under its asset-based
lending (ABL) revolving credit facility falling below $200 million.
This could occur if steel prices continued to fall significantly
or if volumes declined due to economic conditions or end-market
weakness in automotive or nonresidential construction. S&P could
also lower the rating if financial measures weakened further, such
as EBITDA interest coverage below 1x, debt to EBITDA significantly
above 10x, or EBITDA margins notably below 4%.

S&P could consider a higher rating if steel market conditions
improved and resulted in higher prices and operating margins and
sustained stronger credit measures, with the company maintaining a
strong liquidity position.  Specifically, debt to EBITDA below 8x,
EBITDA interest coverage of above 2x, and EBITDA margins of greater
than 6% could lead to a higher rating.  S&P views this scenario to
be less likely over the next year given its expectation for low
steel prices in this timeframe.



AKA REAL ESTATE: Case Summary & 2 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: AKA Real Estate, LLC
        2275 Huntington Dr #913
        San Marino, CA 91108

Case No.: 15-26210

Chapter 11 Petition Date: October 21, 2015

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

Judge: Hon. Robert N. Kwan

Debtor's Counsel: Giovanni Orantes, Esq.
                  THE ORANTES LAW FIRM, A.P.C.
                  3435 Wilshire Blvd Ste 2920
                  Los Angeles, CA 90010
                  Tel: 888-619-8222
                  Fax: 877-789-5776
                  Email: go@gobklaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Chia Lien Hsu, president.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb15-26210.pdf


ALLEN CONSTRUCTION: Case Summary & 22 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Allen Construction Co., Inc.
        196 Bob Graham Road
        Sumrall, MS 39482

Case No.: 15-51716

Chapter 11 Petition Date: October 21, 2015

Court: United States Bankruptcy Court
       Southern District of Mississippi
       (Gulfport-6 Divisional Office)

Judge: Hon. Katharine M. Samson

Debtor's Counsel: Craig M. Geno, Esq.
                  LAW OFFICES OF CRAIG M. GENO, PLLC
                  587 Highland Colony Pkwy.
                  Ridgeland, MS 39157
                  Tel: 601 427-0048
                  Fax: 601-427-0050
                  Email: cmgeno@cmgenolaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Don H. Allen, director/president.

A list of the Debtor's 22 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mssb15-51716.pdf


ALLIED NEVADA: Court Approves Ernst & Young as Tax Advisors
-----------------------------------------------------------
Allied Nevada Gold Corp., et al., sought and obtained permission
from the Hon. Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware to employ Ernst & Young LLP as tax advisor to
the Debtors, nunc pro tunc to April 10, 2015.

The Debtors require Ernst & Young to provide:

  Tax Advisory Services:

    -- Routine tax advice and assistance concerning issues as
       requested by the Debtors when such projects are not covered

       by a separate SOW and do not involve any significant tax
       planning or projects, and quarterly reviews of Allied
       Nevada Gold Corporation's ("ANG") tax provisions.

    -- Answering one-off questions, drafting memos describing how
       specific tax rules work, assisting with general
       transactional issues, and assisting ANG in connection with
       its dealings with tax authorities.

    -- Participating in meetings and telephone calls with ANG;
       participating in meetings and telephone calls with taxing
       authorities and other third parties where we are not
       representing ANG before the taxing authority; reviewing
       transaction-related documentation; researching technical
       issues; and preparing technical memoranda, letters, e-
        mails, and other written documentation.

  Tax Compliance Services:

    -- Review procedures with respect to ANG's U.S. federal and
       state income tax returns for the taxable year ended
       Dec. 31, 2014.

    -- If one or more Forms 3115 and/or elections are to be filed
       with ANG's 2014 tax return, will review the Forms 3115
       prepared by ANG or another advisor and consult with ANG
       regarding the preparation of such forms and will file the
       duplicate forms with the IRS according to the instructions
       provided in the relevant revenue procedure.

  Tangible Property Services:

    -- Prepare and file any and all necessary IRS Form(s) 3115
       application for Change in Accounting Method, effective for
       the 2014 tax return.

    -- Prepare any necessary elections statements related to the
       new regulations required for the 2014 tax return.

    -- At the conclusion of E&Y LLP's services, E&Y LLP will
       provide Allied Nevada Gold Corporation with four documents
       generated by the TPR Organizer

Ernst & Young will be paid at these hourly rates:

       Partner                     $750
       Executive Director          $643
       Senior Manager              $616
       Manager                     $496
       Senior                      $458
       Staff                       $139

Ernst & Young will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Lynn J. Ames, partner of Ernst & Young, 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.

Ernst & Young can be reached at:

       Lynn J. Ames
       ERNST & YOUNG LLP
       178 South Rio Grande St., Suite 400
       Salt Lake City, UT 84101
       Tel: (801) 350-3300
       Fax: (801) 350-3456

                        About Allied Nevada

Allied Nevada Gold Corp. ("ANV"), a Delaware corporation, is a
publicly traded U.S.-based gold and silver producer engaged in
mining, developing and exploring properties in the State of
Nevada.

ANV was spun off from Vista Gold Corp. in 2006 and began operations
in May 2007.  Nevada-based mining properties acquired from Vista
include the Hycroft Mine, an open-pit heap leach operation located
54 miles west of Winnemucca, Nevada.  ANV controls 75 exploration
properties throughout Nevada as of Dec. 31, 2014.

On March 10, 2015, ANV and 13 affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware.  The cases are jointly administered under
Lead Case No. 15-10503.  The cases are assigned to Judge Mary F.
Walrath.

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

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


ALLIED NEVADA: Ernst & Young Approved as Tax Advisor
----------------------------------------------------
The Hon. Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware authorized Allied Nevada Gold Corp., et al.,
to employ Ernst & Young LLP as tax advisor nunc pro tunc to April
10, 2015.

The order also provides that E&Y will not receive payment for any
postpetition fees incurred on the Debtors' behalf prior to July 8,
2015, and E&Y will waive its right to receive any unpaid
postpetition fees incurred on the Debtors' behalf prior to July 8,
2015.

On Oct. 2, 2015, Victoria A. Guilfoyle, Esq., at Blank Rome LLP,
counsel for the Debtors, submitted a certification regarding the
application.  According to Ms. Guilfoyle, the Debtors had prepared
a revised proposed form of order based upon the U.S. Trustee's
informal comments.  The revised order has been circulated to, and
approved as to form by the OUST.  Accordingly, the Debtors
requested entry of the revised order.

The tax services to be provided under the engagement letters are:

   1. Master Services Agreement
  
   2. Tax Advisory SOW: E&Y will provide certain tax advisory
services to the Debtors, including:

   * Routine tax advice and assistance concerning issues as
requested by the Debtors when the projects are not covered by a
separate SOW and do not involve any significant tax planning or
projects, and quarterly reviews of Allied Nevada Gold Corporation's
tax provisions.

   * The Tax Advisory SOW is intended to be used for engagements to
respond to general tax questions and assignments that are expected,
at the beginning of the project, to involve total professional time
based on the actual hours incurred.  The Tax Advisory SOW applies
to routine tax advisory projects commenced on or before the
termination of the Master Services Agreement.

   * Answering one-off questions, drafting memos describing how
specific tax rules work, assisting with general transactional
issues, and assisting ANG in connection with its dealings with tax
authorities (other than serving as a representative).

   * Participating in meetings and telephone calls with ANG;
participating in meetings and telephone calls with taxing
authorities and other third parties where we are not representing
ANG before the taxing authority; reviewing transaction-related
documentation; researching technical issues; and preparing
technical memoranda, letters, e-mails, and other written
documentation.

   3. Tax Compliance SOW: E&Y will provide certain tax compliance
Services to ANG, including:

   * Review procedures with respect to ANG's U.S. federal and state
income tax return(s) for the taxable year ended Dec. 31, 2014.

If one or more Forms 3115 or elections are to be filed with ANG's
2014 tax return, will review the Form(s) 3115 prepared by ANG or
another advisor and consult with ANG regarding the preparation of
such form(s) and will file the duplicate form(s) with the IRS
according to the instructions provided in the relevant revenue
procedure.

   4. Tangible Property SOW: E&Y will provide certain tax advisory
Services to ANG related to adoption of the Tangible Property
Regulations, contingent upon the Bankruptcy Court's approval of
EY's retention in accordance with the terms and conditions that are
set forth in the Master Services Agreement and the Tangible
Property SOW, including:

   * Prepare and file any and all necessary IRS Form(s) 3115
Application for Change in Accounting Method, effective for the 2014
tax return.

   * Prepare any necessary elections statements related to the new
regulations required for the 2014 tax return.

   * At the conclusion of E&Y LLP's services, E&Y LLP will provide
Allied Nevada Gold Corporation with the following four documents
generated by the TPR Organizer (E&Y LLP's proprietary program
designed to address TPR compliance):

   * TPR Organizer survey questions and Allied Nevada Gold
Corporation's responses.

   * TPR Organizer Assessment Report (i.e., E&Y LLP's
recommendations for TPR compliance based on Allied Nevada Gold
Corporation's representations).

   * Forms 3115 and related attachments for TPR method changes
required under Rev. Proc. 2011-14, Appendix § 10.11, as amended by
Rev. Proc. 2014-16.

   * TPR Election Statements (as applicable) for the 2014 tax
return.

E&Y's hourly rates in effect under the Engagement Letters are:

         Title                              Rate Per Hour
         -----                              -------------
         Partner                                 $750
         Executive Director                      $643
         Senior Manager                          $616
         Manager                                 $496
         Senior                                  $458
         Staff                                   $139

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

                        About Allied Nevada

Allied Nevada Gold Corp. ("ANV"), a Delaware corporation, is a
publicly traded U.S.-based gold and silver producer engaged in
mining, developing and exploring properties in the State of
Nevada.

ANV was spun off from Vista Gold Corp. in 2006 and began
operations
in May 2007.  Nevada-based mining properties acquired from Vista
include the Hycroft Mine, an open-pit heap leach operation located
54 miles west of Winnemucca, Nevada.  ANV controls 75 exploration
properties throughout Nevada as of Dec. 31, 2014.

On March 10, 2015, ANV and 13 affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware.  The cases are jointly administered under
Lead Case No. 15-10503.  The cases are assigned to Judge Mary F.
Walrath.

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

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


ALLIED NEVADA: Zolfo Cooper Declares No Adverse Interest
--------------------------------------------------------
David Macgreevey, managing director of the firm Zolfo Cooper, LLC,
filed a declaration with the U.S. Bankruptcy Court for the District
of Delaware, assuring the Court that the firm represents no
interest adverse to any party, except that as a managing director
of Zolfo Cooper, he is connected with the Official Committee of
Unsecured Creditors in the Chapter 11 cases of Allied Nevada Gold
Corp., et al., by virtue of the firm's engagement as financial
advisor to the Creditors Committee.

On May 11, 2015, the Court authorized the Creditors Committee to
retain Zolfo Cooper as bankruptcy consultants and financial
advisors nunc pro tunc to March 23, 2015.

Zolfo Cooper is expected to, among other things:

   (a) analyze and comment on operating and cash flow projections,
business plans, operating results, financial statements, other
documents and information provided by the Debtors' professionals,
and other information and data pursuant to the Committee's
request;

   (b) advise the Committee concerning interfacing with the
Debtors, other constituencies and their respective professionals;
and

   (c) prepare for and attend meetings of the Committee.

The Court also ordered that compensation and out of pocket expenses
will be paid to Zolfo Cooper as an administrative expense.  The
billing rates for professionals who may be assigned to the
engagement in effect as of Jan. 1, 2015, are:

         Managing Directors                   $775 - $925
         Professional Staff                   $265 - $770
         Support Personnel                     $60 - $310

Zolfo Cooper also charges for reasonably incurred, out-of-pocket
expenses associated with an assignment, including, any applicable
state sales or excise taxes and other direct expenses.

                        About Allied Nevada

Allied Nevada Gold Corp. ("ANV"), a Delaware corporation, is a
publicly traded U.S.-based gold and silver producer engaged in
mining, developing and exploring properties in the State of
Nevada.

ANV was spun off from Vista Gold Corp. in 2006 and began
operations
in May 2007.  Nevada-based mining properties acquired from Vista
include the Hycroft Mine, an open-pit heap leach operation located
54 miles west of Winnemucca, Nevada.  ANV controls 75 exploration
properties throughout Nevada as of Dec. 31, 2014.

On March 10, 2015, ANV and 13 affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware.  The cases are jointly administered under
Lead Case No. 15-10503.  The cases are assigned to Judge Mary F.
Walrath.

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

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


ALLY FINANCIAL: S&P Revises Outlook to Pos. & Affirms 'BB+' ICR
---------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its outlook on
Ally Financial Inc. to positive from stable.  At the same time, S&P
affirmed its ratings on Ally, including S&P's 'BB+/B' issuer credit
ratings.

"The outlook revision reflects Ally's progress diversifying its
automotive finance origination channels, good asset performance,
growing deposit base, and strong capital adequacy," said Standard &
Poor's credit analyst Matthew Carroll.  Ally's consumer auto
originations increased 2.6% through the first half of 2015, with
non-General Motors/Chrysler originations increasing 56%.  Ally has
increased the size of its sales force and became a preferred
provider for Mitsubishi and Aston Martin in 2015.  Historically,
the majority of Ally's consumer automotive financing originations
have been through GM, which accounted for a 63% share of Ally
originations in 2014, while Chrysler accounted for 17% and all
others accounted for 20%.  Ally was previously party to separate
agreements with both GM and Chrysler that provided for certain
exclusivity privileges related to subvention programs that they
offered, which expired in 2014 and 2013, respectively.

Asset quality metrics have remained good, even as Ally diversifies
its originations.  Ally reported a consolidated net charge-off rate
of 0.4% in second-quarter 2015.  At the same time, its allowance
for loan losses, which was 0.9% of loans, was 151.6% of
nonperforming loans and 243.8% of net charge-offs.  Deposits have
increased to $61.9 billion as of June 30, 2015, from $56.1 billion
12 months prior, and deposit funding is now roughly 45% of the
company's total funding.  While Ally has implemented approved
capital management plans to reduce high cost preferred stock, its
capital adequacy remains strong, in S&P's view, as reflected by a
Standard & Poor's risk-adjusted capital (RAC) ratio of about 11% as
of June 30, 2015.  On a regulatory basis, Ally reported an 11.7%
Tier 1 capital ratio and a common equity Tier 1 ratio of 9.8%, on a
Basel III transition basis.

S&P could raise its long-term issuer credit rating on the company
if over the next 12 months Ally maintains a Standard & Poor's RAC
ratio above 10%, continues to improve profitability, and maintains
its good asset performance while diversifying its origination
channels.  If S&P raises its long-term issuer credit rating to
'BBB-', S&P would also raise its short-term issuer credit rating to
'A-3'.

S&P likely would revise its outlook to stable if it expected
capital management actions to reduce Ally's RAC ratio below 10%.
While less likely, S&P could lower its ratings on the company if
asset performance weakened due to relaxed lending standards and
capital adequacy significantly weakened.



AMERICAN APPAREL: Optimistic About Returning to Profitability
-------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that American
Apparel is projecting that it will return to profitability in 2018
if its court-supervised restructuring in Delaware is completed as
planned, but the retailer raised concern on Oct. 15, 2015, that
ex-CEO Dov Charney may undermine the company's turnaround efforts
after it emerges from Chapter 11.

American Apparel filed a slew of papers with the Delaware
bankruptcy court that highlight the fissure between Charney, who
was fired for alleged misconduct last year, and the company's new
management team that is seeking to revive the fallen retailer.

                      About American Apparel

American Apparel, Inc., American Apparel (USA), LLC,  American
Apparel Retail, Inc., American Apparel Dyeing & Finishing, Inc.,
KCL Knitting, LLC and Fresh Air Freight, Inc. sought Chapter 11
bankruptcy protection (Bankr. D. Del. Proposed Lead Case No.
15-12055) on Oct. 5, 2015.  The petition was signed by Hassan
Natha
as chief financial officer.

The Debtors reported total assets of $199,360,934 and total
liabilities of $397,576,744.

The Debtors and their non-debtor affiliates operate a vertically
integrated manufacturing, distribution, and retail business focused
on branded fashion-basic apparel, employing approximately 8,500
employees across six manufacturing facilities and approximately 230
retail stores in the United States and 17 other countries
worldwide.

The Debtors have engaged Jones Day as restructuring counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, Moelis &
Company as investment banker, FTI Consulting, Inc. as financial
advisor, DJM Real Estate as real estate consultant and Garden City
Group, LLC as claims and noticing agent.


AMERICAN APPAREL: Wants Court to Set December 9 as Claims Bar Date
------------------------------------------------------------------
American Apparel Inc. and its debtor-affiliates ask the U.S.
Bankruptcy Court for the District of Delaware to set Dec. 9, 2015,
at 5:00 p.m. (prevailing Eastern time) as deadline for persons to
file proofs of claim of any kind that arose before their bankruptcy
filing.

The Debtors also ask the Court to fix April 4, 2015, at 5:00 p.m.
(prevailing Eastern time) as last day for governmental units to
file their claims.

The Debtors tell the Court that, in order for them to make
distributions under any plan confirmed, they require, among other
things, complete and accurate information regarding the nature,
validity and amount of claims that will be asserted in these
Chapter 11 cases.

                    About American Apparel

American Apparel, Inc., American Apparel (USA), LLC,  American
Apparel Retail, Inc., American Apparel Dyeing & Finishing, Inc.,
KCL Knitting, LLC and Fresh Air Freight, Inc. sought Chapter 11
bankruptcy protection (Bankr. D. Del. Proposed Lead Case No.
15-12055) on Oct. 5, 2015.  The petition was signed by Hassan Natha
as chief financial officer.

The Debtors reported total assets of $199,360,934 and total
liabilities of $397,576,744.

The Debtors and their non-Debtor affiliates operate a vertically
integrated manufacturing, distribution, and retail business focused
on branded fashion-basic apparel, employing approximately 8,500
employees across six manufacturing facilities and approximately 230
retail stores in the United States and 17 other countries
worldwide.

The Debtors have engaged Jones Day as restructuring counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, Moelis &
Company as investment banker, FTI Consulting, Inc. as financial
advisor, DJM Real Estate as real estate consultant and Garden City
Group, LLC as claims and noticing agent.


ASSURANT HEALTH: Moody's Cuts Insurance Fin. Strength Rating to Ba1
-------------------------------------------------------------------
Moody's Investors Service has affirmed the debt ratings of
Assurant, Inc. (NYSE: AIZ; senior debt at Baa2) and the A2
insurance financial strength (IFS) rating of its property-casualty
operations, all with a stable outlook. In addition, Moody's has
downgraded to Ba1 from Baa3 the insurance financial strength (IFS)
ratings of Time Insurance Company (TIC) and John Alden Life
Insurance Company (JALIC), which constitute AIZ's health segment
(collectively, Assurant Health, or AH). The outlook on these
companies remains negative. The rating actions follow AIZ's recent
8K SEC filing that it expects AH to incur Q3 2015 pre-tax losses in
the range of $215 to $230 million, driven by higher than expected
claims experience on individual major medical policies sold under
the Affordable Health Care (ACA). The ratings of AIZ's Employee
Benefit subsidiary was not affected by this rating action.

RATINGS RATIONALE

ASSURANT P&C

Moody's said that the affirmation of the A2 IFS ratings of the lead
operating subsidiaries of the Assurant P&C Group, and the A3 IFS
rating of American Bankers Life Assurance Company of Florida
(ABLAC), all with a stable outlook, are based on the group's strong
market position in a number of niche, specialty property & casualty
insurance markets, such as lender-placed homeowners insurance,
credit insurance/protection, multifamily housing products, and
extended service contracts/warranties. These lines of business are
complex, generally have limited market competition, and the company
maintains strong relationships with various distributors. These
characteristics provide competitive advantages for Assurant
including pricing flexibility and fairly stable revenues as well as
strong profitability.

The rating agency added that somewhat offsetting these strengths is
the group's overall modest scale, substantial level of catastrophe
exposure (particularly gross of reinsurance) from its lender-placed
homeowners line, and exposure to adverse changes in the legal and
regulatory environment given its niche products. The Assurant
Solutions segment grew rapidly in 2014, partially as a result of
growth in recently-introduced mobile client marketing programs as
well as the acquisition of Lifestyle Services Group, a mobile phone
insurance provider in the UK. Rapid growth through new products and
acquisitions carries more risk than established lines.

Factors that could lead to an upgrade of Assurant P&C's IFS ratings
include: significantly reduced catastrophe exposure, continued
strong earnings (return on surplus above 10%), and consolidated
financial leverage consistently below 15%. Conversely, factors that
could lead to a downgrade include: deterioration in profitability
(i.e. return on surplus in the low single digits), an increase in
catastrophe exposure (on either a gross or net basis) as a
percentage of surplus, or catastrophe losses in excess of
expectations (e.g. causing a 10% or more decline in surplus),
sustained increase in underwriting leverage at levels above 5x,
material reduction in parent company liquid resources (i.e. below
$500 million), consolidated adjusted financial leverage exceeding
25%, or earnings coverage of interest less than 5x for an extended
period.

HEALTH OPERATIONS

Moody's said that the AH downgrade reflects the ongoing
deterioration in the health group's claims experience relative to
rating expectations, offset to some extent by expected
financial/capital support from AIZ, as needed, to manage the runoff
of the struggling health business.

According to Vice President and Senior Credit Officer Laura Bazer,
"AH's expected Q3 2015 loss, which follows a $284 million pre-tax
net loss for the first half of 2015, indicates the difficulty of
forecasting ACA policy claims experience accurately." Approximately
$190 to $195 million of the third quarter pre-tax charge is an
additional contribution to a recently- established premium
deficiency reserve meant to cover the excess of expected claims and
future expenses over revenues (mostly premiums) through 2017.
Moody's added that without on-going capital and other financial
support from AIZ, AH's ratings would be lower.

The rating agency said that the negative outlook on AH reflects the
possibility of further unexpected losses in excess of what was
assumed in the PDR, given the uncertainty of future claims results;
potentially lower levels of capital, given the runoff status of the
business; and the possibility of a lower level of commitment from
AIZ, as the business winds down. Moody's expects the NAIC Risk
Based Capital (RBC) ratios of TIC and JALIC to each be above 200%
(Company Action Level) as of year-end 2015. AIZ expects to
contribute $200 million in capital contributions to AH in the
fourth quarter.

Moody's noted that given the negative outlook, an upgrade of AH's
ratings would be unlikely. However, the following factors could
return the outlook back to stable from negative: the completion of
the AH business wind-down by end of 2016 without significant
additional losses (e.g., pre-tax losses greater than $200 million
through YE 2017); strong explicit support of TIC and JALIC from
AIZ; and/or NAIC Risk Based Capital consistently above 200%
(company action level) for TIC and JALIC.

Conversely, Moody's said factors that could lead to a downgrade of
JALIC and TIC are: further significant losses through the end of
2016 as the AH business winds down (e.g., in excess of $200 million
through YE 2017); actual or perceived weakening of AIZ financial
support to the entities; and/or NAIC RBC ratio below 200% (company
action level) by year-end 2015 and thereafter.

ASSURANT INC.

The rating agency said that the affirmation of Assurant, Inc's debt
ratings (senior debt at Baa2) with a stable outlook reflects the
view that while the pre-tax charge related to Assurant Health is
significant in relation to the company's five-year average annual
net income of about $450 million, it is still manageable within the
company's current ratings. Assurant's ratings are based on the
diversified revenues and earnings from the combined P&C operations,
strong profitability, and significant holding company liquidity
($459 million as of June 30, 2015). These strengths are offset by
significant product concentration in the lender-placed business
with its associated catastrophe exposure as well as regulatory and
legal risks. The company's financial leverage as of June 30, 2015
was moderate at about 23%. Moody's expects the company to manage
its share buyback program prudently. The Baa2 senior debt rating is
three notches below the A2 IFS ratings of Assurant's lead property
and casualty companies as the primary supporter of Assurant's debt
obligations.

Factors that could lead to an upgrade of Assurant, Inc.'s debt
ratings include: an upgrade of the insurance financial strength
ratings of the company's lead US property and casualty insurance
subsidiaries, significantly reduced catastrophe exposure in the
group's P&C operations, and consolidated financial leverage
consistently below 15%. Conversely, factors that could lead to a
downgrade include: -a downgrade of the insurance financial strength
ratings of the company's lead US property and casualty insurance
subsidiaries, additional losses at Assurant Health exceeding $200
million as the operation winds down through 2016, consolidated
adjusted financial leverage exceeding 25%, earnings coverage of
interest less than 5x for an extended period, or material reduction
in parent company liquid resources (i.e. below $500 million).

The following ratings were affirmed with a stable outlook:

Assurant, Inc. -- long term issuer ratings of Baa2; senior
unsecured debt rating of Baa2; provisional senior shelf rating of
(P)Baa2; provisional subordinated debt rating of (P)Baa3;
provisional preferred stock rating of (P)Ba1; provisional preferred
non-cumulative stock rating of (P)Ba1; and short-term rating for
commercial paper ratings of P-2;

  American Security Insurance Company - insurance financial
strength at A2;

  American Bankers Ins. Co. of Florida -- insurance financial
strength at A2;

  American Bankers Life Assurance Co of Florida - insurance
financial strength at A3.

The following ratings were downgraded with a negative outlook:

  John Alden Life Insurance Company -- insurance financial strength
to Ba1 from Baa3; and

  Time Insurance Company -- insurance financial strength to Ba1
from Baa3.

Assurant is a publicly-traded, diversified insurance operation
headquartered in New York, NY. For the first six months of 2015,
Assurant reported total revenue of $5.2 billion and net income of
$83 million. Shareholders' equity was $4.8 billion at June 30,
2015.



ASSURANT HEALTH: S&P Lowers Counterparty Credit Ratings to 'BB+'
----------------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its
financial strength and long-term counterparty credit ratings on
Assurant Inc.'s health operating subsidiaries, Time Insurance Co.
and John Alden Life Insurance Co. (collectively, Assurant Health)
to 'BB+' from 'BBB-'. The outlook is stable.

Assurant Inc. announced on Oct 20, 2015, that its health operations
would report after-tax (net) losses of $140 million-$150 million
for third-quarter 2015.  This will be on top of Assurant Health's
net loss of $207 million for the first six months of 2015.  Even if
S&P excludes the company's premium deficiency reserves, it expects
its 2015 net loss to be more than its previous expectations,
indicating the potential for higher-than-expected strain on
earnings and capital for the full year. The losses are due to
continued higher-than-expected claims experience.  Furthermore, as
Assurant Health's top line declines (as expected for a company in
run-off), the continued higher-than-expected claims experience puts
significant stress on the company's operations.  This is why S&P is
lowering its view of the company's business risk profile to
vulnerable from fair, and lowering the overall rating by one
notch.

The Assurant group has stated its intent to support its health
operations during the run-off period.  It has infused additional
capital (about $240 million so far this year, with an additional
$200 million expected in the fourth quarter) into its health
entities, which helps maintain capital adequacy at Assurant Health.
S&P expects Assurant Health to maintain a capital redundancy at
least at the 'BBB' level, per S&P's risk-based insurance capital
model, during the run-off process.

The stable outlook reflects S&P's expectation that Assurant Health
will report net losses for the full year but maintain capital
adequacy at least at the 'BBB' level as per S&P's capital model.

S&P may take a negative rating action if Assurant Health's capital
deteriorates, resulting in a redundancy below the 'BBB' level per
S&P's insurance capital model.

There is limited upside to the rating at this time given the
expected compression in earnings in the near term.



ATLANTIC & PACIFIC: Gets Approval to Sell Dozens of Stores
----------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that the owner of
the A&P and Pathmark supermarket chains on Oct. 16, 2015, got
approval from a New York bankruptcy judge to sell dozens of stores
as the company continues to shrink its operations and move through
a court-supervised restructuring.

U.S. Bankruptcy Judge Robert Drain approved several sales brought
by debtor The Great Atlantic & Pacific Tea Co., including a
$40 million sale to competitor Wakefern Food Corp, which owns the
ShopRite chain.

                     About Atlantic & Pacific

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

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

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

The Debtor disclosed total assets of $601,441,108 and total
liabilities of $1,984,459,086 as of the Petition Date.

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

The U.S. Trustee for Region 2 appointed seven creditors to serve
On the official committee of unsecured creditors.  Pachulski Stang
Ziehl & Jones LLP serves as its counsel, and Zolfo Cooper, LLC as
serves as its financial advisors and bankruptcy consultants.

Elise S. Frejka was appointed as consumer privacy ombudsman.


ATLANTIC & PACIFIC: Has Until Plan Confirmation to Remove Actions
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
extended The Great Atlantic & Pacific Tea Company, Inc., et al.'s
time to file notices of removal of civil actions until the date an
order is entered confirming a chapter 11 plan.

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

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

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

The Debtor disclosed total assets of $601,441,108 and total
liabilities of $1,984,459,086 as of the Petition Date.

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

The U.S. Trustee for Region 2 appointed seven creditors to serve
On the official committee of unsecured creditors.  Pachulski Stang
Ziehl & Jones LLP serves as its counsel, and Zolfo Cooper, LLC as
serves as its financial advisors and bankruptcy consultants.

Elise S. Frejka was appointed as consumer privacy ombudsman.


ATLANTIC & PACIFIC: Manischevitz Buying Brooklyn Assets for $6.3M
-----------------------------------------------------------------
Manischevitz Family LLC has made a $6.3 million offer to acquire
some of A&P Real Property LLC's assets.

The assets include a lease on an A&P store located at 1-37 12th
Street, in Brooklyn, New York, according to a sale agreement
entered into by the companies.

The companies signed the deal following a two-day auction held
earlier this month where Manischevitz emerged as the winning
bidder.  Manischevitz beat out rival bidder Wakefern Food Corp.   


Manischevitz also won the auction for A&P's assets, including a
lease on a store located at 1245 61st Street, in Brooklyn.  The
company subsequently assigned its $6 million bid to New York-based
Strulovitch Family LLC.

Both sale transactions are subject to court approval.

Hamilton Plaza Associates filed an objection to the Manischevitz
deal in which the landlord complained about A&P's failure to
provide "adequate assurance of future performance."

                    About Atlantic & Pacific

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

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

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

The Debtor disclosed total assets of $601,441,108 and total
liabilities of $1,984,459,086 as of the Petition Date.

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

The U.S. Trustee for Region 2 appointed seven creditors to serve on
the official committee of unsecured creditors.  Pachulski Stang
Ziehl & Jones LLP serves as its counsel, and Zolfo Cooper, LLC as
serves as its financial advisors and bankruptcy consultants.

Elise S. Frejka was appointed as consumer privacy ombudsman.


ATLANTIC & PACIFIC: Wants Nov. 11 Set as General Claims Bar Date
----------------------------------------------------------------
The Great Atlantic & Pacific Tea Company, Inc., et al., ask the
U.S. Bankruptcy Court for the Southern District of New York to
establish:

   a. Nov. 11, 2015, at 5:00 p.m., as the deadline for each person
or entity, but not including governmental units, to file proofs of
claim;

   b. Jan. 16, 2016 at 5:00 p.m., as the deadline for governmental
units to file a proof of claim against any of the Debtors.

Proofs of claim must be filed with the Court-approved claims agent,
Prime Clerk LLC by delivering the original proof of claim form by
hand, or mailing the original proof of claim:

if by overnight courier, hand delivery, or first class mail:

         The Great Atlantic & Pacific Tea Company, Inc.
         Claims Processing Center
         c/o Prime Clerk LLC
         830 3rd Avenue, 3rd Floor
         New York, NY 10022

                    or

if by hand delivery:

         United States Bankruptcy Court, SDNY
         300 Quarropas Street
         White Plains, NY 10601

                     About Atlantic & Pacific

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

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

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

The Debtor disclosed total assets of $601,441,108 and total
liabilities of $1,984,459,086 as of the Petition Date.

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

The U.S. Trustee for Region 2 appointed seven creditors to serve
On the official committee of unsecured creditors.  Pachulski Stang
Ziehl & Jones LLP serves as its counsel, and Zolfo Cooper, LLC as
serves as its financial advisors and bankruptcy consultants.

Elise S. Frejka was appointed as consumer privacy ombudsman.


BEHRINGER HARVARD: Gary Bresky Quits as Managing Trustee's CFO
--------------------------------------------------------------
Gary S. Bresky resigned as the chief financial officer and
executive vice president of Behringer Harvard Short-Term
Opportunity Liquidating Trust's managing trustee, Behringer Harvard
Advisors II LP and all other officer positions with the Managing
Trustee and with the Trust's subsidiaries, according to a
regulatory filing with the Securities and Exchange Commission.

                      About Behringer Harvard

Addison, Tex.-based Behringer Harvard is a limited partnership
formed in Texas on July 30, 2002.  The Company's general partners
are Behringer Harvard Advisors II LP and Robert M. Behringer.  As
of Sept. 30, 2011, seven of the twelve properties the Company
acquired remain in the Company's  portfolio.  The Company's
Agreement of Limited Partnership, as amended, provides that the
Company will continue in existence until the earlier of Dec. 31,
2017, or termination of the Partnership pursuant to the
dissolution and termination provisions of the Partnership
Agreement.

                         Plan of Liquidation

On Feb. 11, 2013, the Partnership completed its liquidation
pursuant to a Plan of Liquidation adopted by Behringer Harvard
Advisors II LP, as its General Partner.  The Plan provided for the
formation of a liquidating trust, Behringer Harvard Short-Term
Opportunity Liquidating Trust, for the purpose of completing the
liquidation of the assets of the Partnership.  In furtherance of
the Plan, the Partnership entered into a Liquidating Trust
Agreement with one of the Partnership's General Partners, Behringer
Advisors II, as managing trustee, and CSC Trust Company of
Delaware, as resident trustee.  As of the Effective Date, each of
the holders of limited partnership units in the Partnership
received a pro rata beneficial interest in the Liquidating Trust in
exchange for such holder's interest in the Partnership.  In
accordance with the Plan and the Liquidating Trust Agreement, the
Partnership has transferred all of its remaining assets and
liabilities to the Partnership to be administered, disposed of or
provided for in accordance with the terms and conditions set forth
in the Liquidating Trust Agreement.  The General Partners elected
to liquidate the Partnership and transfer its remaining assets and
liabilities to the Liquidating Trust as a cost saving alternative
that the General Partners believed to be in the best interests of
the investors.  The expenses associated with operating a public
reporting entity, like the Partnership, are comparatively high and
therefore detract from distributable proceeds and returns it can
make to its investors.  The reorganization into a liquidating trust
enables us to reduce costs associated with public reporting
obligations and related audit expenses that are not applicable to
the Liquidating Trust, helping to preserve capital throughout our
disposition phase for the benefit of our investors.  Cutting
expenses and maximizing investor returns is a primary focus in this
disposition phase.

The Partnership's principal demands for funds in the next twelve
months and beyond will be for the payment of operating expenses,
recurring debt service and further principal paydowns on its
outstanding indebtedness as required by its lender.

The Liquidating Trust had notes payable totaling $1 million at Dec.
31, 2014, of which all was to Behringer Harvard Holdings, LLC, a
related party.


BERNARD L. MADOFF: Judge Revokes Sale of $230 Million Claim
-----------------------------------------------------------
Jacqueline Palank at The Wall Street Journal reported that a
bankruptcy judge agreed to undo the sale of a $230 million claim
against Bernard Madoff's liquidating investment firm, offering
hopes of a higher recovery to certain Madoff investors.

Judge Stuart Bernstein of the U.S. Bankruptcy Court in Manhattan
this week said he'd break off the sale of the claim, held by major
Madoff feeder fund Fairfield Sentry Ltd.

Fairfield, a British Virgin Islands fund that funneled nearly all
of its investors' cash to Mr. Madoff, had sought to undo a pending
sale of the claim after a massive settlement with another of
Mr. Madoff's investors dramatically changed the playing field and
drove up the price such claims were fetching on the secondary
market.

In the litigation that arose over Fairfield's bid to break off the
deal with proposed buyer Farnum Place LLC, early rulings didn't
give Fairfield hope—that is, until the U.S. Second Circuit Court
of Appeals weighed in. In an opinion issued last fall, the Second
Circuit found that lower courts erred in declining to reconsider
the sale and directed the bankruptcy court to do so.

Fairfield was granted a $230 million claim against Mr. Madoff's
investment firm, Bernard L. Madoff Investment Securities LLC, in
connection with the losses its investors suffered when
Mr. Madoff's massive Ponzi scheme came to light in 2008.  Both
Mr. Madoff's firm and Fairfield went into liquidation after the
fraud's exposure.

Fairfield later agreed to sell that claim to Farnum Place for
nearly $74 million, court papers show. Sales of such claims are
common, as they help sellers get a quick payment and allow buyers
to make a bet that they'll collect more on the claim than what they
pay for it.

Shortly after the claim sale was negotiated, however, a landmark $7
billion settlement with another of Mr.  Madoff's investors was
reached that dramatically increased the amount of money available
to repay those cheated in the fraud.  As a result, trading prices
for claims against Mr. Madoff's firm soared, making the proposed
sale of the Fairfield claim a potential windfall for Farnum Place
but not such a good deal for Fairfield.

Farnum had opposed Fairfield's bid to have the sale thrown out,
arguing the importance of the claim's increase in value was
overemphasized while other factors, such as the integrity of the
process by which the claim was put up for sale, weren't given
enough weight, according to court papers.

However, in an opinion handed down on Oct. 13, 2015, Judge
Bernstein found that Fairfield's liquidator "demonstrated a sound
business reason" for breaking off the sale given the change in
value as well as the chances that the claim's value could rise even
further.  Fairfield's liquidator should be allowed to sell the
claim at a higher price or hang onto the claim and reap the
recoveries for the fund's creditors, the judge concluded.

"The sale price of the Sentry claim...is disproportionately low in
light of its increased value, and the alternative to the sale to
Farnum, under which [Fairfield's liquidator] will hold the claim
and receive his distribution or sell it to someone else at a much
higher price, is in the best interest of the Sentry estate," Judge
Bernstein wrote.

Quinn Emanuel Urquhart & Sullivan attorney Eric Winston,
representing Farnum Place, said on Oct. 15, 2015, that "we are
reviewing the ruling" and declined further comment.

"We're extraordinarily happy that the claim has been returned to
the liquidator to realize its full value for the benefit of the
Fairfield stakeholders," said David Molton, the Brown Rudnick
attorney representing Fairfield's liquidator.

                    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.


BISON PROPERTIES: E&Y to Auction Beach Hotel on December 15
-----------------------------------------------------------
The Honorable Madam Justice Brown of the Supreme Court of British
Columbia in the Bankruptcy and Insolvency approved the sale and
solicitation procedures ("SISP") for the luxury-seaside hotel, Oak
Bay Beach Hotel, which located at 1175 Beach Drive, Victoria,
British Columbia.

A full-text copy of the sale process court order is available at
http://www.ey.com/ca/oakbaybeachhotel

The hotel is owned by Bison Properties Ltd.

The SISP will include these key steps:

Step  Activity                               Deadline
----  --------                               --------
  1    Potential Bidders to execute           December 14, 2015
       Confidentiality Agreements in
       order to access the electronic
       data room

  2    Potential Bidders submit non-binding   The LOI Deadline
       Letters of Intent                      (December 15, 2015)

  3    Completion of preliminary due          The LOI Deadline
       diligence of prospective purchasers    (December 15, 2015)
       that sign the Confidentiality
       Agreement

  4    Qualified Bidders notified             December 22, 2015

  5    Qualified Bidders to submit            Bid Submission
Deadline
       Bids/Acquisition Agreements            (January 15, 2016)

  6    Negotiation of definitive Acquisition  Definitive Documents

       Agreement with Qualified Bidder(s)     Deadline (February
12, 2016)

  7    Court approval of definitive           March 4, 2016
       Acquisition Agreement with the
       selected  Qualified Bidder(s)

  8    Closing of transaction                 Dependent on nature
of the
                                              transaction

All documents and correspondence to be delivered to a party in
connection with this SISP shall be delivered by personal delivery,
courier, or email:

To the Receiver at:

   Ernst & Young Inc., in its capacity as
    Court appointed receiver of Bison and others
   Pacific Centre, 700 West Georgia Street
   P.O. Box 10101
   Vancouver, British Columbia V7Y 1C7
   Tel: 604 899 3566 or 604 891 8475
   Attention: Mr. Michael Bell
              Mr. Andrew McConney
   Email: mike.bell@ca.ey.com
          andrew.mcconney@ca.ey.com


CAESARS ENTERTAINMENT: Caps Off Trial Against Jr. Noteholders
-------------------------------------------------------------
Jessica Corso at Bankruptcy Law360 reported that Caesars
Entertainment Operating Co. wrapped its case on Oct. 16, 2015,
against junior noteholders trying to move the company's bankruptcy
to Delaware, with a CEOC board member telling an Illinois
bankruptcy judge that the creditors were being "aggressive" in
their fight for a $225 million interest payment.

CEOC director Steven Winograd, who joined the company in June 2014,
said board members had discussed the possibility of an involuntary
bankruptcy petition being filed once CEOC missed an interest
payment on certain second-lien notes.

                  About Caesars Entertainment

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

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

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

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

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

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

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

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

                         *     *     *

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

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


CARDIAC SCIENCE: Has $9-Mil. DIP Agreement with CFS 915
-------------------------------------------------------
Cardiac Science Corporation seeks permission from the Bankruptcy
Court to enter into a debtor-in-possession loan agreement with CFS
915 LLC providing for post-petition funds in the form of revolving
loans amounting to $9,000,000, of which $4,975,000 will be
available during the interim period.

The Debtor also seeks authority to use pre-petition collateral,
including cash collateral, and to provide adequate protection to
HDFC Bank Limited and CFS 915 -- which separately extended credit
to the Debtor under certain Pre-Petition Credit Agreement -- with
respect to any diminution in value of their respective interests in
the Pre-Petition Collateral.

The Debtor asserts it does not have sufficient unencumbered funds
with which to implement an orderly sale process or preserve and
protect its assets pending a sale, without access to post-petition
financing.  

"The Debtor has an immediate need for post-petition financing under
the DIP Loan Agreement to continue to finance its post-petition
operations and pay administrative expenses," says Daryl L. Diesing,
Esq., at Whyte Hirschboeck Dudek, S.C., counsel to the Debtor.
"The DIP Loan Agreement also is necessary to provide assurance to
employees, landlords, utilities and other parties that they will be
paid on a timely basis for post-petition services," he adds.

The Revolving Commitment will mature and will be due and payable in
full on the earlier of (1) 45 days following the Petition Date,
unless the Court has entered a final order by that date, and (2)
Jan. 4, 2016, or any earlier date on which the Revolving Commitment
is reduced to zero or otherwise terminated
pursuant to the terms of the DIP Loan Agreement.

The obligations under the DIP Loan Agreement will bear interest at
a per annum rate equal to the Base Rate plus 8%.  "Base Rate"
means, for any day, a rate per annum equal to the highest of (a)
1.0% and (b) the rate last quoted by The Wall Street Journal as the
"Prime Rate" in the United States or, if The Wall Street Journal
ceases to quote such rate, the highest per annum interest rate
published by the Federal Reserve Board in Federal Reserve
Statistical Release H.15 (519) (Selected Interest Rates) as the
"bank prime loan" rate or, if such rate is no longer quoted
therein, any similar rate quoted therein (as determined by the
Lender) or any similar release by the Federal Reserve Board (as
determined by the Lender).  If an Event of Default is continuing
under the DIP Loan Agreement, obligations thereunder will be
subject  to a default rate of interest equal to the per annum rate
otherwise applicable plus 2% per annum.

As security for all of Cardiac Science's obligations under the DIP
Loan Agreement, the Company will grant CFS 915 a valid and
perfected superpriority security interest in, and lien on, all DIP
Collateral of the Company pursuant to Section 364 the Bankruptcy
Code, with such lien being senior and prior in all respects to any
other lien of any kind, except (1) the Carve-Out and (2) the HDFC
Liens and HDFC Adequate Protection Liens.

As adequate protection, the Debtor will grant HDFC, pursuant to
Sections 361(2), 363(c)(2), and 363(e) of the Bankruptcy Code,
continuing valid, binding, enforceable and perfected, first
priority liens and security interests in and to all of the DIP
Collateral.

According to the Debtor, subject to receiving the liens and claims,
CFS 915 has consented to the use of its Cash Collateral.  The
Debtor maintains HDFC is adequately protected by its equity cushion
in the Pre-Petition Collateral, which is unaffected by the DIP
Facility because the liens on the Pre-Petition Collateral securing
the DIP Facility are junior to the HDFC Liens.

As of the Petition Date, the Company owed CFS 915 $87,177,177
and HDFC $6,264,763, Court documents indicate.

                       About Cardiac Science

Headquartered in Waukesha, Wisconsin, Cardiac Science Corporation
develops, manufactures and sells a variety of advanced diagnostic
and therapeutic cardiology devices and systems, including automated
external defibrillators, hospital defibrillators and related
products and consumables.

Cardiac Science filed Chapter 11 bankruptcy petition (Bankr. W.D.
Wisc. Case No. 15-13766) on Oct. 20, 2015.  The petition was
signed by Michael Kang as chief restructuring officer.

The Company currently employs approximately 200 people in two
facilities located in Wisconsin, and another 93 part time
"educators" around the country who educate the Debtor's customers
on how to use its products.  The Debtor has customers in more than
100 countries.

The Company estimated assets in the range of $10 million to $50
million and liabilities of at least $100 million.

Celestica Electronics (M) SDN BHD is the Debtor's largest unsecured
creditor holding a claim of $2.5 million.

The Debtor has engaged Whyte Hirschboeck Dudek S.C. as bankruptcy
counsel, Livingstone Partners LLC as investment banker and
Garden City Group, LLC as notice and claims agent.

Judge Robert D. Martin presides over the case.


CARDIAC SCIENCE: Proposes CFS 915-Led Auction on Dec. 17
--------------------------------------------------------
Cardiac Science Corporation asks the Bankruptcy Court to approve a
stalking horse agreement with CFS 915 LLC, its prepetition secured
lender, pursuant to which CFS 915 will purchase substantially all
of the Company's assets.

As stated in the bankruptcy filing, the Company initiated this
Chapter 11 case to "enable it to stabilize its operations, obtain
access to new financing and maximize the value of its assets
through a sale of substantially all of its assets pursuant to
Section 363 of the Bankruptcy Code."

To that end, prior to the Petition Date, the Company negotiated the
terms of a credit bid and a debtor-in-possession financing facility
with CFS 915 whereby the Lender would be designated the stalking
horse purchaser for its assets.  On Oct. 19, 2015, the Debtor and
CFS 915 finalized the Stalking Horse Agreement, which is subject to
higher and better offers through an auction process and the Court's
approval.

"The proposed sale process contemplates, among other things, that
interested parties will be afforded an opportunity to submit higher
and better offers for the Debtor's assets and that an auction will
be held to the extent that qualified offers are received from any
other parties," says Michael Kang, chief restructuring officer of
Cardiac Science.

The aggregate consideration to be paid for the acquisition of the
Company's Assets will be:

   (1) the release and waiver of the Debtor under (A) the Pre-
       Petition Facility Agreement and (B) the DIP Loan Agreement
       of obligations, claims, rights, actions, causes of action,
       suits, liabilities, damages, debts, costs, expenses and
       demands whatsoever, in law or in equity, arising under, or
       otherwise relating to, the Pre-Petition Facility Agreement
       and the DIP Loan Agreement in an aggregate amount equal to
      (1) the full amount of the DIP Loan outstanding as of the
       Closing Date plus (2) $65,000,000 (the "Credit Bid
       Amount"); plus

   (2) an amount in cash equal to (A) the Senior Loan Payoff
       Amount, and (B) the Cure Costs.

"Senior Loan Payoff Amount" means the aggregate amount of (i) the
debt existing and outstanding on the Closing Date and owed by
Seller under the Senior Loan and (ii) any and all payments,
penalties and costs required to be paid by Seller under the
Senior Loan in connection with the payoff and early termination of
the Senior Loan, in any event not to exceed $6,500,000 in the
aggregate.

"Cure Costs" means the amounts necessary to cure all defaults, if
any, and to pay all actual pecuniary losses, if any, that have
resulted from those defaults, under the Assigned Contracts, in each
case as of the Petition Date and to the extent required by Section
365(b) of the Bankruptcy Code and any Order of the Bankruptcy Court
approving the assumption and assignment of the Assigned Contracts,
which amounts will be identified to the Purchaser in writing no
later than 23 days after the Petition Date.

According to the Debtor, the Stalking Horse Buyer is entitled to
credit bid some or all of the claims for the Stalking Horse Buyer's
collateral pursuant to Section 363(k) of the Bankruptcy Code as the
Stalking Horse Buyer holds claims that are secured by substantially
all of its Assets.

The Stalking Horse Agreement contemplates the approval of bidding
procedures to govern an auction process to ensure that the highest
or otherwise best offer is received for the Company's Assets.

The Debtor maintains that one important component of the Bidding
Procedures is the "overbid" provision.  For a bid to be considered
a Qualified Bid, it must be in a cash amount equal to or in excess
of (i) the Purchase Price set forth in the Stalking Horse
Agreement, plus (ii) cash equal to the Reimbursable Expenses, plus
(iii) $1,000,000, plus (iv) all Cure Amounts.

A bid may offer to purchase all or substantially all of the
Debtor's Assets or only a portion of the Seller Assets; provided
that the Debtor determines, in consultation with the creditor
constituencies, that the aggregate consideration offered by any bid
or combination of bids for all or substantially all of the
Company's Assets satisfies the "Minimum Bid" requirements.

The Debtor's proposed timeline with respect to the Bidding
Procedures, the Auction, the Sale Hearing, and the Sale is as
follows:

  * Entry of the Bidding Procedures Order on or prior to Nov. 19,
    2015;

  * Submission of additional bids by Dec. 15, 2015, at 4:00 p.m.
   (Prevailing Eastern Time);

  * Conduct and complete the Auction on Dec. 17, 2015;

  * Entry of the Sale Order on or prior to Dec. 18, 2015; and

  * Closing of the Sale on or before Jan. 4, 2016.

CFS 915 requires certain expense reimbursement as a precondition to
entering into the Stalking Horse Agreement.  The Debtor believes
reimbursement to the Stalking Horse Buyer will likely maximize the
realizable value of its for the benefit of the Debtor's estate, its
creditors, and other parties-in-interest.

                       About Cardiac Science

Headquartered in Waukesha, Wisconsin, Cardiac Science Corporation
develops, manufactures and sells a variety of advanced diagnostic
and therapeutic cardiology devices and systems, including automated
external defibrillators, hospital defibrillators and related
products and consumables.

Cardiac Science filed Chapter 11 bankruptcy petition (Bankr. W.D.
Wisc. Case No. 15-13766) on Oct. 20, 2015.  The petition was
signed by Michael Kang as chief restructuring officer.

The Company currently employs approximately 200 people in two
facilities located in Wisconsin, and another 93 part time
"educators" around the country who educate the Debtor's customers
on how to use its products.  The Debtor has customers in more than
100 countries.

The Company estimated assets in the range of $10 million to $50
million and liabilities of at least $100 million.

Celestica Electronics (M) SDN BHD is the Debtor's largest unsecured
creditor holding a claim of $2.5 million.

The Debtor has engaged Whyte Hirschboeck Dudek S.C. as bankruptcy
counsel, Livingstone Partners LLC as investment banker and
Garden City Group, LLC as notice and claims agent.

Judge Robert D. Martin presides over the case.


CARDIAC SCIENCE: Seeks to Employ Whyte Hirschboeck as Attorneys
---------------------------------------------------------------
Cardiac Science Corporation seeks permission from the Bankruptcy
Court to employ Whyte Hirschboeck Dudek S.C. as its general
bankruptcy counsel, nunc pro tunc to Oct. 20, 2015.

The professional services that WHD will render to the Debtor may
include, but will not be limited to:

   i. advise the Debtor with respect to its powers and duties as a
      debtor-in-possession in the continued management and
      operation of its businesses and properties;

  ii. attend meetings and negotiate with representatives of
      creditors and other parties-in-interest;

iii. take all necessary action to protect and preserve the
      Debtor's estate, including prosecuting actions on the
      Debtor's behalf, defending any action commenced against the
      Debtor and representing the Debtor's interests in
      negotiations concerning all litigation in which the Debtor
      is involved;

  iv. prepare all motions, applications, answers, orders, reports
      and papers necessary to the administration of the Debtor's
      estate;

   v. take any necessary action on behalf of the Debtor to obtain
      confirmation of the Debtor's plan of reorganization;

  vi. represent the Debtor in connection with obtaining post-
      petition loans and other financing for Debtor's business;

vii. advise the Debtor in connection with any sale of assets;

viii. appear before this Court, any appellate courts and the
      United States Trustee and protect the interests of the
      Debtor's estate before those Courts and the United States
      Trustee;

  ix. consult with the Debtor regarding tax matters; and

   x. perform all other necessary legal services for the Debtor's
      business operations and provide all other necessary legal
      advice to the Debtor in connection with this Chapter 11
      case.

The hourly rates charged by WHD for its 2015-2016 fiscal year for
professionals and paraprofessionals employed in its offices are:

         Billing Category                Range
         ----------------            -------------
         Shareholders/Attorneys        $425-$650
         Associates                    $250-$365
         Paralegals                    $135-$180

The names and hourly rates (as of July 1, 2015) of the WHD
professionals and paraprofessionals presently expected to have
primary responsibility for providing services to the Debtor are:

            Attorney                  Hourly Billing Rate
        ---------------               -------------------
        Daryl L. Diesing                    $625
        Frank W. DiCastri                   $425
        Lindsey M. Greenawald               $365
        Daniel J. McGarry                   $465
        Iana A. Vladimirova                 $250
        Joslyn N. Benrud (Paralegal)        $180
        Terri M. Hart (Paralegal)           $135
        John F. Emanuel                     $650
        Michael W. Taibleson                $645
        William E. Hughes                   $595
        Timothy H. Posnanski                $445

It is WHD's policy to charge its clients in all areas of practice
for all expenses incurred in connection with a client's case.  The
expenses charged to clients include, among other things,
photocopying, witness fees, travel expenses, certain secretarial
overtime and other overtime expenses, filing and recording fees,
postage, express mail and messenger charges, computerized legal
research charges, expenses for "working meals" and fax charges.

Daryl L. Diesing, a shareholder in the law firm of Whyte
Hirschboeck Dudek S.C., disclosed that WHD has received
approximately $180,000 from the Debtor for pre-petition services
rendered.  In addition, WHD holds advanced fees (retainer) in the
approximate amount of $120,000.

To the best of the Debtor's knowledge, WHD is a "disinterested
person," as that phrase is defined in Section 101(14) of the
Bankruptcy Code and modified by Section 1107(b) of the Bankruptcy
Code.

                        About Cardiac Science

Headquartered in Waukesha, Wisconsin, Cardiac Science Corporation
develops, manufactures and sells a variety of advanced diagnostic
and therapeutic cardiology devices and systems, including automated
external defibrillators, hospital defibrillators and related
products and consumables.

Cardiac Science filed Chapter 11 bankruptcy petition (Bankr. W.D.
Wisc. Case No. 15-13766) on Oct. 20, 2015.  The petition was
signed by Michael Kang as chief restructuring officer.

The Company currently employs approximately 200 people in two
facilities located in Wisconsin, and another 93 part time
"educators" around the country who educate the Debtor's customers
on how to use its products.  The Debtor has customers in more than
100 countries.

The Company estimated assets in the range of $10 million to $50
million and liabilities of at least $100 million.

Celestica Electronics (M) SDN BHD is the Debtor's largest unsecured
creditor holding a claim of $2.5 million.

The Debtor has engaged Whyte Hirschboeck Dudek S.C. as bankruptcy
counsel, Livingstone Partners LLC as investment banker and
Garden City Group, LLC as notice and claims agent.

Judge Robert D. Martin presides over the case.


CARDIAC SCIENCE: Taps Alvarez & Marsal's Michael Kang as CRO
------------------------------------------------------------
Cardiac Science Corporation filed an application with the
Bankruptcy Court seeking authority to retain Alvarez & Marsal North
America, LLC to provide it with additional personnel to support its
reorganization efforts and designate Michael Kang as chief
restructuring officer.

A&M will:

    (i) manage the operations of the Debtor and provide
        oversight on management;

   (ii) perform a financial review of the Debtor, including but
        not limited to a review and assessment of financial
        information that has been, and that will be, provided by
        the Debtor to its creditors, including without limitation
        its short and long-term projected cash flows and operating
        performance;

  (iii) assist in the identification (and implementation)
        of cost reduction and operations improvement
        opportunities;

   (iv) assist the President and other Debtor-engaged
        professionals in developing for the board of the directors

        of the Debtor's possible restructuring plans or strategic
        alternatives for maximizing the enterprise value of the
        Debtor's various business lines, including the filing of a
        petition under Chapter 11 of the Bankruptcy Code;

    (v) assist in the planning for a Chapter 11 proceeding for the
        Debtor, including assistance to counsel in preparation of
        petitions, first day orders, analysis of critical vendors
        and other services required for an orderly filing;

   (vi) assist with the sizing of financing needs under
        the Debtor's proposed restructuring plan and strategic
        alternatives;

  (vii) assist in the development and management of a
        13-week cash flow forecast and with negotiations of the
        debtor-in-possession facility including any increased
        commitments under the DIP Facility;

(viii) assist in the preparation of any schedules and
        statements of financial affairs, execution of court
        filings such as affidavits and preparation of other
        bankruptcy compliance reporting requirements;

   (ix) serve as the principal contact with the Debtor's creditors
        with respect to the Debtor's financial and operational
        matters; and

    (x) perform other services as requested or directed by
        the Board or other Debtor personnel as authorized by the
        Board, and agreed to by A&M that is not duplicative of
        work others are performing for the Debtor.

A&M's current hourly rates are:

          Billing Category                   Range
          ----------------                 ---------
          Managing Directors               $750-$950
          Directors                        $550-$750
          Analysts/Associates              $350-$550

The professionals presently expected to have primary responsibility
for providing services to the Debtor and their hourly rates are:

      Michael Kang, CRO                               $800
      Reilly Olson, Assistant Restructuring Officer   $575

A&M will seek reimbursement for reasonable and necessary expenses
incurred in connection with this Chapter 11 case, including, but
not limited to travel, lodging, computer research, and messenger
and telephone charges.

According to the Debtor, A&M received $250,000 as a payment and
retainer for services provided in September and October 2015
leading up to the commencement of the Chapter 11 case.  A&M applied
these funds to amounts due for services rendered and expenses
incurred prior to the Petition Date.

Pursuant to the Engagement Letter, the Debtor has agreed to
indemnify and hold harmless A&M, its affiliates and their
respective shareholders, members, managers, employees, agents,
representatives, and subcontractors under certain circumstances.

To the best of the Debtor's knowledge, A&M is a "disinterested
person" as that term is defined by Section 101(14) of the
Bankruptcy Code.

                       About Cardiac Science

Headquartered in Waukesha, Wisconsin, Cardiac Science Corporation
develops, manufactures and sells a variety of advanced diagnostic
and therapeutic cardiology devices and systems, including automated
external defibrillators, hospital defibrillators and related
products and consumables.

Cardiac Science filed Chapter 11 bankruptcy petition (Bankr. W.D.
Wisc. Case No. 15-13766) on Oct. 20, 2015.  The petition was
signed by Michael Kang as chief restructuring officer.

The Company currently employs approximately 200 people in two
facilities located in Wisconsin, and another 93 part time
"educators" around the country who educate the Debtor's customers
on how to use its products.  The Debtor has customers in more than
100 countries.

The Company estimated assets in the range of $10 million to $50
million and liabilities of at least $100 million.

Celestica Electronics (M) SDN BHD is the Debtor's largest unsecured
creditor holding a claim of $2.5 million.

The Debtor has engaged Whyte Hirschboeck Dudek S.C. as bankruptcy
counsel, Livingstone Partners LLC as investment banker and
Garden City Group, LLC as notice and claims agent.

Judge Robert D. Martin presides over the case.


CARDIAC SCIENCE: Wants 15-Day Extension to File Schedules
---------------------------------------------------------
Cardiac Science Corporation has asked the Bankruptcy Court to
extend its deadline to file its schedules of assets and
liabilities, statement of financial affairs, statement of executory
contracts and unexpired leases and list of equity security holders
by an additional 15 days, until Nov. 19, 2015.

"In addition to running its day-to-day business operations, the
Debtor has spent a significant amount of time in the weeks leading
up to the filing of this case (a) working with its secured lenders
attempting to obtain and finalize the terms of a permanent
postpetition financing facility and/or use of cash collateral; (b)
responding to inquiries from vendors, customers, and other
interested parties regarding its business and this case; (c)
working with customers to establish orders and accommodating terms
for postpetition business; (d) working with its professionals to
prepare necessary pleadings and other papers; and (e) working to
protect the going concern value of the Debtor," says Daryl L.
Diesing, Esq., at Whyte Hirschboeck Dudek, S.C., attorney to the
Debtor.

According to Mr. Diesing, the Debtor has begun, but has not
completed, preparation of its Schedules and Statements.

"Due to the size and complexity of its operations, certain
pre-petition invoices have yet to be received or entered in the
Debtor's financial accounting system, so basic data for
incorporation in the Debtor's Schedules and Statements is not yet
available," Mr. Diesing tells the Court.

Pursuant to Section 521 of the Bankruptcy Code and Bankruptcy Rule
1007, a debtor is required, within 15 days from the Petition Date,
to file with the court certain papers, including the Schedules and
Statements.

                        About Cardiac Science

Headquartered in Waukesha, Wisconsin, Cardiac Science Corporation
develops, manufactures and sells a variety of advanced diagnostic
and therapeutic cardiology devices and systems, including automated
external defibrillators, hospital defibrillators and related
products and consumables.

Cardiac Science filed Chapter 11 bankruptcy petition (Bankr. W.D.
Wisc. Case No. 15-13766) on Oct. 20, 2015.  The petition was signed
by Michael Kang as chief restructuring officer.

The Company currently employs approximately 200 people in two
facilities located in Wisconsin, and another 93 part time
"educators" around the country who educate the Debtor's customers
on how to use its products.  The Debtor has customers in more than
100 countries.

The Company estimated assets in the range of $10 million to $50
million and liabilities of at least $100 million.

Celestica Electronics (M) SDN BHD is the Debtor's largest unsecured
creditor holding a claim of $2.5 million.

The Debtor has engaged Whyte Hirschboeck Dudek S.C. as bankruptcy
counsel, Livingstone Partners LLC as investment banker and
Garden City Group, LLC as notice and claims agent.

Judge Robert D. Martin presides over the case.


CHARLES FOUNDATION: Oct. 26 Hearing on Bid to Dismiss Ch. 11 Case
-----------------------------------------------------------------
Judge John K. Olson of the United States Bankruptcy Court for the
Southern District of Florida, Fort Lauderdale Division, will
conduct an evidentiary hearing on Rosalie Skinner's motion to
dismiss the Chapter 11 case of The Marion and Alfred Charles
Foundation, Inc., on October 26, 2015, at 9:30 am.

The Dismissal Motion alleged that the Debtor was created and funded
as part of an elaborate fraud perpetrated by Andrew Ociepka as a
result of undue influence exercised by Ociepka over Skinner's late
brother, Alfred Charles. That the amounts transferred to Ociepka
before Alfred Charles' death total almost $5 million, and that some
$2 million was willed by Alfred to the Debtor Foundation under a
Last Will & Testament dated February 23, 2012, and executed at a
time when Alfred was not competent. Alfred Charles died December
19, 2012, and the balance of his estate was transferred pursuant to
that Will to the Debtor.

The Dismissal Motion also asserted that the proper venue for the
resolution of the disputes between Ociepka and Skinner, to which
the Foundation is a necessary party, is the Probate Division of the
Circuit Court for Broward County, Florida, in which litigation
among the parties has been ongoing since March 12, 2014, now
pending before Circuit Judge Charles M. Greene.

Ociepka was a former grocery store clerk and free-lance carpenter,
who has no independent wealth and who has not worked at all since
1996.

The case is captioned In re: The Marion and Alfred Charles
Foundation, Inc., Chapter 11, Debtor, CASE NO. 15-24270-JKO (Bankr.
S.D. Fla.).  A full-text copy of Judge Olson's Order dated
September 16, 2015, is available at http://is.gd/lXLTLvfrom
Leagle.com.

The Marian and Alfred Charles Foundation, Inc., Debtor, represented
by Barry P Gruher, Esq. --  bgruher@gjb-law.com -- GENOVESE JOBLOVE
& BATTISTA, P.A., Heather L Harmon Esq. -- hharmon@gjb-law.com --
GENOVESE JOBLOVE & BATTISTA, P.A.  

Office of the US Trustee, U.S. Trustee, represented by Zana
Michelle Scarlett, Office of the US Trustee.


CHOCTAW GENERATION: Fitch Affirms 'B' Rating on $235.9MM Notes
--------------------------------------------------------------
Fitch Ratings has affirmed Choctaw Generation Limited Partnership,
LLLP's (CGLP) combined $294.9 million of pari passu lessor notes:

   -- $235.9 million ($226.3 million outstanding) series 1 lessor
      notes due Dec. 2031 at 'B', Outlook Stable;

   -- $59 million ($69.4 million outstanding) series 2 lessor
      notes due Dec, 2040 at 'B-', Outlook Stable.

KEY RATING DRIVERS

The ratings on CGLP's lessor notes reflect the susceptibility to
underperformance of a facility reliant on ongoing efforts to
improve its operational profile.  Series 1 lacks a debt service
reserve to support potential shortfalls in operating cash, which
may occur under rating-case conditions.  The series 2 notes face
the additional risk that deferred principal amortization extends
repayment beyond the purchase power agreement (PPA) expiration.

Operations Yet to Achieve Expected Performance - Operation Risk:

Weaker

The owner-lessor, a subsidiary of Southern Company (Southern),
funded substantial modifications to improve plant performance.  The
operator, also a Southern subsidiary, is considered strong but the
facility has not yet achieved expected operating performance
following completion of modifications.

Adequate Mine-mouth Coal Supply - Supply Risk: Weaker

CGLP's mine-mouth location and a reputable fuel supplier reduce
supply risk.  However, early termination or expiration of the
supply agreement in 2032 with potentially less favorable pricing
could lead to inadequate fuel cost recovery.

Revenue Contract with Strong Counterparty - Series 1 Revenue Risk:

Midrange

CGLP has a PPA with federally owned Tennessee Valley Authority
(rated 'AAA', Stable Outlook by Fitch) for the project's full
capacity and energy output through mid-2032.  The series 1 notes
mature four months prior to PPA termination.

Potential for Significant Merchant Exposure - Series 2 Revenue
Risk: Weaker

Under a variety of sensitivity scenarios, a significant portion of
series 2 debt would remain unpaid prior to PPA expiration.  There
is a high level of uncertainty regarding CGLP's ability to operate
economically in a fully merchant environment.

Debt Structure Lacks Typical Support Features - Debt Structure:
Weaker

Both series lack a dedicated debt service reserve, relying instead
on draws from other project accounts to fund series 1 payment
shortfalls.  The ability to defer series 2 target interest and
principal payments introduces the risk of a high outstanding
balance to be repaid after the PPA expires.

RATING SENSITIVITIES

Positive: Successful completion of facility modifications and
stable operations exceeding base case projections could result in
positive rating action.

Negative: Operating performance below rating-case projections after
completion of facility modifications would erode limited financial
cushion and lead to negative rating action.

SUMMARY OF CREDIT

Owner-lessor SE Choctaw has made significant progress on the
essential projects and the baghouse retrofit.  Given that the
projects have been completed within budget, SE Choctaw has added
some minor additional-scope projects to further improve facility
efficiency and performance.  However, operating performance since
completion of the modifications has not yet met expectations.
Turbine performance testing measured below guaranteed limits, the
baghouse retrofit has not met specifications for bag wear and
mechanical reliability, and the project suffered several outages
due to refractory failure.  The operator plans to resolve these
issues through warranty claims and further repairs during the
spring 2016 outage.

Overall, project performance has been mixed in 2015.  The
equivalent availability and capacity factors, at 88.8% and 85%,
respectively, through August, are both below rating-case
expectations of 94% and 86%.  However, the project heat rate has
met expectations at just under 11,000 Btu/kWh.  The operator
expects to further improve reliability, as outstanding issues are
resolved, and has not changed its long-term expectation for
operations.

Although operating performance has been lower-than-expected in
2015, the capacity factor increased significantly from the 2014
level of 64%, as there are no further outages planned to implement
plant modifications.  This facilitated a significant increase in
capacity revenue, while operating costs have stayed steady.  The
six-month debt service coverage ratio (DSCR) based on the June 2015
payment reached 1.74x, compared with 2014's annual DSCR of 1.25x.
Series 2 payments are being deferred through a mandatory
payment-in-kind (PIK) feature through 2017.

Fitch anticipates operational performance will eventually meet
management's expectation and has not altered the base- and
rating-case assumptions.  However, the lack of any dedicated debt
service reserve fund heightens vulnerability to a shortfall in
expected performance.  Furthermore, CGLP is already behind on the
funding schedule for its series 2 retained cash flow account.  The
'B-' rating considers the potential for deferred series 2 payments,
though continued funding shortfalls could reduce the likelihood
that series 2 is able to repay deferred balances by the maturity
date.

In December 2002, SE Choctaw purchased the 440MW lignite-fired Red
Hills Generation Facility from CGLP.  Immediately following the
acquisition, the owner leased the facility back to CGLP under a
45-year lease, expiring Dec. 20, 2047.  Lessor notes were issued in
accordance with the lease, but steady declines in performance
prompted a restructuring of the original lessor notes.  The notes
were restructured to reduce interest rates, extend the debt term,
and introduce a PIK feature to series 2.  As part of the lease
restructuring, the owner-lessor agreed to make approximately $60
million in equity investments for needed repairs and maintenance
and to implement various modifications to improve the performance
of the facility.  The restructuring also included a new operator
and new refined coal-purchase agreement.  Along with the lease
restructuring, the ownership interest in lessee Choctaw was sold to
two indirect wholly owned subsidiaries of PurEnergy I, LLC.



CLARKE REAL ESTATE: Files Schedules of Assets and Liabilities
-------------------------------------------------------------
Clarke Real Estate Development LLC filed with the U.S. Bankruptcy
Court for the Eastern District of Pennsylvania its schedules of
assets and liabilities, disclosing

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $15,000,000  
  B. Personal Property                  $122
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $9,870,888
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $23,771      
             
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                          $752,841
                              --------------   --------------
        Total                    $15,000,122      $10,647,501      
                           

A copy of the schedules is available for free at
http://is.gd/0iVqXV

Based in Philadelphia, Pennsylvania, Clarke Real Estate
Development, LLC, develops luxury Parke Place townhouse project in
the 1300 block of Bainbridge Street.  The Company filed for Chapter
11 bankruptcy protection (Bankr. E.D. Pa. Case No. 15-16299) on
Sept. 1, 2015. Judge Ashely M. Chan presides the Debtor's Chapter
11 bankruptcy case.

The Debtor estimates its assets and debts at between $10 million
and $50 million each.


CLARKE REAL ESTATE: Wants to Hire Bielli & Klauder as Counsel
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Pennsylvania
authorized Clarke Real Estate Development LLC to employ Bielli &
Klauder as its counsel.

The firm will:

     a) give the Debtor legal advice with respect to its powers and
duties as Debtor and Debtor-in-Possession;

     b) prepare on behalf of the Debtor necessary applications,
answers, orders, reports and other legal papers;

     c) represent the Debtor in defense of any proceedings
instituted to reclaim property or to obtain relief from the
automatic stay under section 362(a) of the Bankruptcy Code;

     d) assist the Debtor in the preparation of schedules,
statements of financial affairs, and any amendments thereto, which
the Debtor may be required to file in this case;

     e) assist the Debtor in the preparation of a plan of
reorganization and disclosure statement;

     f) assist the Debtor with any potential sales of its assets
pursuant to section 363 of the Bankruptcy Code; and

     g) perform all other legal services for the Debtor which may
be necessary herein.

The firm's professionals and their respective hourly rates:

   Professional                  Hourly Rate
   ------------                  -----------
   Thomas D. Bielli, Esq.         $295
   David M. Klauder, Esq.         $325
   Cory P. Stephenson, Esq.       $200

The Debtor informed the Court that the firm retained on Sept. 1,
2015, and received a $10,000 retainer on that date.  The retainer
is currently being held by the firm as a retainer to be applied
against its allowed post-petition fees and expenses, as may be
permitted by the Court.

The Debtor assured the Court that the firm is a "disinterested
person" as that phrase is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached at:

   Thomas D. Bielli, Esq.
   David M. Klauder, Esq.
   Cory P. Stephenson, Esq.
   Bielli & Klauder LLC
   9 West 3rd Street
   Media, PA 19063
   Tel: 484-441-6444
   Email: tbielli@oeblegal.com
          dklauder@oeblegal.com
          cstephenson@oeblegal.com

Based in Philadelphia, Pennsylvania, Clarke Real Estate
Development, LLC, develops luxury Parke Place townhouse project in
the 1300 block of Bainbridge Street.  The Company filed for Chapter
11 bankruptcy protection (Bankr. E.D. Pa. Case No. 15-16299) on
Sept. 1, 2015. Judge Ashely M. Chan presides the Debtor's Chapter
11 bankruptcy case.

The Debtor estimates its assets and debts at between $10 million
and $50 million each.


COLFAX CORP: S&P Revises Outlook to Neg. & Affirms 'BB+' CCR
------------------------------------------------------------
Standard & Poor's Ratings Services said that it has revised its
outlook on U.S.-based Colfax Corp. to negative from stable and
affirmed its 'BB+' corporate credit rating on the company.

"The negative outlook reflects the potential that adverse market
developments or more aggressive financial policies could cause
Colfax's credit measures to deteriorate below levels that are
appropriate for a "significant" financial risk profile, namely a
funds from operations (FFO)-to-debt ratio of 20%-30% and a
debt-to-EBITDA metric of 3x-4x," said Standard & Poor's credit
analyst Svetlana Olsha.  Under S&P's base-case forecast, Colfax's
FFO-to-debt ratio will likely remain stretched while its
debt-to-EBITDA metric increases to about 3.5x over the next 12
months. Nevertheless, the company's good free cash flow partly
offsets its weak FFO-to-debt ratio.

The negative outlook reflects the risk that Colfax's credit
measures could weaken below S&P's expectations for a significant
financial risk profile because of a weaker-than-expected operating
performance or more aggressive financial policies.

S&P could lower its ratings on Colfax if the company's operating
results weaken further and S&P expects that its FFO to-debt ratio
will remain below 20% as its debt-to-EBITDA metric approaches 4x.
S&P could also lower its ratings if the management pursues further
share repurchases or large debt-funded acquisitions, which would
signal to S&P that the company has increased its risk appetite,
especially in light of the increasing global economic uncertainty.

Although highly unlikely in the next 12 months, S&P could raise its
rating on Colfax if the company witnesses sustained growth in its
end markets and management commits to follow a clearly articulated
financial policy that supports an investment grade rating.  For
instance, S&P could raise the rating if the company achieves and
sustains a FFO-to-total debt ratio of greater than 30% and a
debt-to-EBITDA metric of less than 3x.



COLLEGIATE ACADEMY: S&P Affirms 'B+' Rating on 2004 Revenue Bonds
-----------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook to stable
from negative and affirmed its 'B+' underlying rating for credit
program on Colorado Educational & Cultural Facilities Authority's
series 2004 charter school revenue refunding bonds, supported by
Collegiate Academy Charter School Building Corp. and issued for
Collegiate Academy Charter School (CACS).

"The stable outlook reflects significant improvement in the state
funding environment that has allowed the charter school to generate
strong operating margins and very strong maximum annual debt
service coverage, according to the draft audit for fiscal 2015,"
said Standard & Poor's credit analyst Robert Dobbins.  "The
operating improvement has allowed CACS to build liquidity after
having virtually no cash on hand at the end of the previous three
fiscal years and relying on a line of credit from its district
authorizer.  We do not believe a higher rating is merited at this
time because enrollment has declined for fall 2015, and the balance
sheet remains weak for the rating.  In addition, with a smaller
operating base, debt service is now high for the rating," added Mr.
Dobbins.

Collegiate Academy Charter School is a kindergarten through grade
12 school in Jefferson County School District No. R-1.  Students
are drawn from the local school district, as well as from
surrounding school districts.  The school received its initial
charter in 1994, which was renewed for five-year terms in 1997,
2002, 2007, and 2012.



COLT DEFENSE: Cancels Bankruptcy Auction
----------------------------------------
Katy Stech, writing for Dow Jones' Daily Bankruptcy Review,
reported that lawyers for Colt Defense LLC have called off a
bankruptcy auction for the Connecticut gun maker after they didn't
receive any qualified bids by a court-designated deadline.

According to the report, in court papers, Colt Defense lawyers said
no potential buyers emerged by an Oct. 16 deadline.  The
cancellation leaves Colt officials with a backup plan to get the
company out of bankruptcy: a reorganization plan in which lenders
would agree to eliminate $250 million of unsecured bond debt in
exchange for taking a piece of ownership in the company, according
to documents filed in U.S. Bankruptcy Court in Wilmington, Del.,
the report related.

                      About Colt Defense

Colt Defense LLC is one of the world's oldest and most iconic
designers, developers, and manufacturers of firearms for military,
law enforcement, personal defense, and recreational purposes and
was founded over 175 years ago by Samuel Colt, who patented the
first commercial successful revolving cylinder firearm in 1836 and
began supplying U.S. and international military customers with
firearms in 1847.  Colt is incorporated in Delaware and
headquartered in West Hartford, Connecticut.

In 1992, Colt Manufacturing Company, then the principal operating
subsidiary, filed chapter 11 petitions in the U.S. Bankruptcy
Court
for the District of Connecticut.  An investment by Zilkha & Co.
allowed CMC to confirm a chapter 11 plan and emerge from
Bankruptcy
in 1994.

Sometime after 1994, majority ownership of the Company
Transitioned from Zilkha & Co. to Sciens Capital Management.

On June 12, 2015, Colt's exchange offer, consent solicitation and
solicitation of acceptances of a prepackaged plan of
reorganization, dated April 14, 2015, as supplemented, with
respect
to its $250 million in 8.75% Senior Notes due 2017 expired.  The
conditions to the exchange offer, the consent solicitation and the
prepackaged plan of reorganization were not satisfied, and those
conditions were not waived by Colt.  Colt's restructuring support
agreement with Marblegate Special Opportunities Master Fund, L.P.
and Morgan Stanley Senior Funding, Inc., the Company's senior
secured term loan lenders, requires it to file for Chapter 11
bankruptcy.

Accordingly, Colt Holding Company LLC and nine affiliates,
including Colt Defense LLC, on June 14, 2015, filed voluntary
petitions (Bankr. D. Del. Lead Case No. 15-11296) for relief under
Chapter 11 of the Bankruptcy Code to pursue a sale of the assets
as
a going concern.  Colt Defense estimated $100 million to $500
million in assets and debt.

On June 16, 2015, the Court directed the joined administration of
the assets.

The Debtors tapped Richards, Layton & Finger, P.A., and O'Melveny
&
Myers LLP, as attorneys, and Kurtzman Carson Consultants LLC as
claims and noticing agent.  Perella Weinberg Partners L.P. is
acting as financial advisor of the Company, and Mackinac Partners
LLC is acting as its restructuring advisor.

Wilmington Savings Fund Society, FSB, as agent under the $13.33
million Term DIP Loan Agreement, is represented by Pryor Cashman
LLP's Eric M. Hellige, Esq.; and Willkie Farr & Gallagher LLP's
Leonard Klingbaum, Esq.

Cortland Capital Market Services LLC, as agent under the $6.67
million Senior DIP Credit Agreement, is represented by Holland &
Knight LLP's Joshua M. Spencer, Esq.; Stroock & Stroock & Lavan
LLP's Brett Lawrence, Esq.; and Osler, Hoskin & Harcourt LLP's
Richard Borins, Esq., and Tracy Sandler, Esq.

The U.S. Trustee for Region 3 appointed five creditors of Colt
Defense Inc. and its affiliates to serve on the official committee
of unsecured creditors.  MagPul Industries Corp. has resigned from
the committee leaving only four Committee members.

                           *     *     *

Colt's equity sponsor, Sciens Capital Management, has agreed to
act
as a stalking horse bidder in the proposed asset sale.  Details of
the deal were not provided in Colt's news statement announcing the
Chapter 11 filing.  Colt, however, said it would be soliciting
competing bids and has appointed an independent committee of its
board of managers to manage the process and evaluate bids.  Colt
expects to complete the entire Chapter 11 process in 60-90 days.

Sciens Capital is represented by Skadden, Arps, Slate, Meagher &
Flom LLP's Anthony W. Clark, Esq., and Jason M. Liberi, Esq.

Colt Defense LLC on Oct. 9 disclosed that it has taken a
significant step toward completion of its restructuring and exit
from chapter 11 by filing a plan of reorganization and a
disclosure
statement with the U.S. Bankruptcy Court for the District of
Delaware.

The Plan and disclosure statement are consistent with the terms of
a restructuring support agreement among Colt, holders of over 60%
of Colt's outstanding 8.75% Senior Notes due 2017, Sciens Capital,
and the landlord under the lease for the Company's West Hartford,
Connecticut manufacturing facility and corporate headquarters.
Under the Plan, Colt will receive $50 million in new capital from
certain of the Supporting Noteholders and Sciens Capital, which
will allow the Company to execute its business plan and emerge
from
chapter 11.  The Plan secures options for the Company to continue
operations in West Hartford, Connecticut on a long-term basis.
The
Plan and disclosure statement also include the terms on which the
Company's secured lenders, including Morgan Stanley Senior
Funding,
Inc., have agreed to refinance their prepetition and post-petition
loans through new secured exit facilities to be issued on the Plan
effective date.


COLT HOLDING: Seeks Approval of Restructuring Support Agreement
---------------------------------------------------------------
Colt Holding Company, LLC, et al., seek approval from the U.S.
Bankruptcy Court for the District of Delaware to enter into and
perform under the Restructuring Support Agreement, which commits
signatories to the Debtors' proposed reorganization plan.

The parties to the RSA, namely, senior lenders, noteholders, the
Sciens Group, and NPA Hartford LLC have agreed to support the Plan
and not object to the Plan or the Disclosure Statement.

Pursuant to the RSA, the Debtors on Oct. 9 have filed a plan of
reorganization that restructures $250 million of unsecured bond
debt, provides the Company with a $50 million capital infusion that
will enable Colt to fully fund its chapter 11 cases and fund an
operational turnaround going forward and, critically, ensure that
the Debtors obtain a lease extension or purchase their primary
operating facility in West Hartford, Connecticut (the "West
Hartford Facility"), rather than rely on a highly uncertain
litigation strategy to remain in their only U.S. operating
facility.

Specifically, under the plan that the RSA would put the Debtors on
the path to pursue, the Debtors obtain a long-term lease extension
for or the purchase of the West Hartford Facility.  The RSA is
supported by major constituencies in these cases: the members of
the Ad Hoc Consortium of 8.75% Senior Notes due 2017 that hold
approximately 61.1% of the outstanding principal amount of the
Senior Notes, certain of whom are the Company's DIP Senior Loan
Lenders, the Debtors' equity sponsor, and the landlord under the
West Hartford Facility Lease.  The RSA also will allow the Debtors
to restructure and extend their $42.5 million DIP Senior Loan
rather than being forced to repay it now, and provides for the same
treatment of the prepetition Term Loan and DIP Term Loan through
new five-year exit facilities on principal terms that have been
finalized with Morgan Stanley.  And, the RSA will provide an
opportunity to address the Debtors' collective bargaining
agreements and retirement obligations in a constructive manner,
rather than facing the very real prospect of having to entirely
reject those obligations.  For these reasons, the Debtors believe
there are clearly sound business reasons for the Court to authorize
the Debtors to enter into and perform under the RSA, as required
under applicable Third Circuit law.

In addition to the Debtors, the "Plan Support Parties" to the RSA
consist of:

   * 100% of the lenders (the "Consenting DIP Senior Lenders")
under that certain First Amended and Restated Senior Secured
Super-Priority Debtor-In-Possession Credit Agreement, as amended,
restated, amended and restated, supplemented or otherwise modified
from time to time in accordance with the terms thereof, dated as of
June 24, 2015, by and among Colt Defense LLC, Colt's Manufacturing
Company LLC, and Colt Canada Corp., as borrowers, CDH II Holdco
Inc. and the subsidiaries of Colt Defense LLC, as guarantors, and
Cortland Capital Market Services LLC, as agent;

   * holders of 61.1% in principal amount of outstanding notes (the
"Consenting 8.75% Noteholders," together with the Consenting DIP
Senior Lenders, the "Consenting Lenders") issued pursuant to that
certain Indenture dated Nov. 10, 2009, for the issuance of 8.75%
Senior Notes due 2017 among Colt Defense LLC, Colt Finance Corp.,
certain subsidiary guarantors, and Wilmington Trust FSB, as
indenture trustee;

   * Sciens Capital Management LLC and each of its affiliates (to
the extent that Sciens Capital Management LLC or an investment
advisor under common control with Sciens Capital Management LLC
retains voting control over such affiliate) (collectively, the
"Sciens Group"); and

   * NPA Hartford LLC ("NPA"), solely in its capacity as landlord
under that certain Net Lease dated as of Oct. 26, 2005 (as amended
and extended to Dec. 4, 2015, the "West Hartford Facility Lease").

A full-text copy of the Debtors' RSA Motion is available for free
at:

        http://bankrupt.com/misc/Colt_Holding_575_M_RSA.pdf

                      About Colt Defense

Colt Defense LLC is one of the world's oldest and most iconic
designers, developers, and manufacturers of firearms for military,
law enforcement, personal defense, and recreational purposes and
was founded over 175 years ago by Samuel Colt, who patented the
first commercial successful revolving cylinder firearm in 1836 and
began supplying U.S. and international military customers with
firearms in 1847.  Colt is incorporated in Delaware and
headquartered in West Hartford, Connecticut.

In 1992, Colt Manufacturing Company, then the principal operating
subsidiary, filed chapter 11 petitions in the U.S. Bankruptcy
Court for the District of Connecticut.  An investment by Zilkha &
Co.
allowed CMC to confirm a chapter 11 plan and emerge from
Bankruptcy in 1994.

Sometime after 1994, majority ownership of the Company
Transitioned from Zilkha & Co. to Sciens Capital Management.

On June 12, 2015, Colt's exchange offer, consent solicitation and
solicitation of acceptances of a prepackaged plan of
reorganization, dated April 14, 2015, as supplemented, with respect
to its $250 million in 8.75% Senior Notes due 2017 expired.  The
conditions to the exchange offer, the consent solicitation and the
prepackaged plan of reorganization were not satisfied, and those
conditions were not waived by Colt.  Colt's restructuring support
agreement with Marblegate Special Opportunities Master Fund, L.P.
and Morgan Stanley Senior Funding, Inc., the Company's senior
secured term loan lenders, requires it to file for Chapter 11
bankruptcy.

Accordingly, Colt Holding Company LLC and nine affiliates,
including Colt Defense LLC, on June 14, 2015, filed voluntary
petitions (Bankr. D. Del. Lead Case No. 15-11296) for relief under
Chapter 11 of the Bankruptcy Code to pursue a sale of the assets
as
a going concern.  Colt Defense estimated $100 million to $500
million in assets and debt.

On June 16, 2015, the Court directed the joined administration of
the assets.

The Debtors tapped Richards, Layton & Finger, P.A., and O'Melveny &
Myers LLP, as attorneys, and Kurtzman Carson Consultants LLC as
claims and noticing agent.  Perella Weinberg Partners L.P. is
acting as financial advisor of the Company, and Mackinac Partners
LLC is acting as its restructuring advisor.

Wilmington Savings Fund Society, FSB, as agent under the $13.33
million Term DIP Loan Agreement, is represented by Pryor Cashman
LLP's Eric M. Hellige, Esq.; and Willkie Farr & Gallagher LLP's
Leonard Klingbaum, Esq.

Cortland Capital Market Services LLC, as agent under the $6.67
million Senior DIP Credit Agreement, is represented by Holland &
Knight LLP's Joshua M. Spencer, Esq.; Stroock & Stroock & Lavan
LLP's Brett Lawrence, Esq.; and Osler, Hoskin & Harcourt LLP's
Richard Borins, Esq., and Tracy Sandler, Esq.

The U.S. Trustee for Region 3 appointed five creditors of Colt
Defense Inc. and its affiliates to serve on the official committee
of unsecured creditors.  MagPul Industries Corp. has resigned from
the committee leaving only four Committee members.

                           *     *     *

Colt's equity sponsor, Sciens Capital Management, has agreed to
Act as a stalking horse bidder in the proposed asset sale.  

Sciens Capital is represented by Skadden, Arps, Slate, Meagher &
Flom LLP's Anthony W. Clark, Esq., and Jason M. Liberi, Esq.

Colt Defense on Oct. 9, 2015, disclosed that it has taken a
significant step toward completion of its restructuring and exit
from chapter 11 by filing a plan of reorganization and a disclosure
statement.  The Plan and disclosure statement are consistent with
the terms of a restructuring support agreement among Colt, holders
of over 60% of Colt's outstanding 8.75% Senior Notes due 2017,
Sciens Capital, and the landlord under the lease for the Company's
West Hartford, Connecticut manufacturing facility and corporate
headquarters.

The hearing to consider approval of the Disclosure Statement is
scheduled for Nov. 6, 2015 at 10:00 a.m.  Objections are due Oct.
30.  The Debtors propose a hearing to consider confirmation of the
Plan on Dec. 16.


COMSTOCK MINING: To Receive $5.9 Million from Public Offering
-------------------------------------------------------------
Comstock Mining Inc. announced a public offering of 10,169,492
shares of its common stock at a public offering price of $0.59 per
share.  The closing of the offering was expected to occur on Oct.
20, 2015, subject to customary closing conditions.

The gross proceeds to the Company from the offering will be
approximately $6 million, $5.9 million after deducting estimated
offering expenses.  The Company intends to use the net proceeds to
accelerate the drilling and development of the Lucerne underground
program, accelerate planning and prerequisites for the next phase
of Dayton drilling and development and general corporate purposes.

Corrado De Gasperis, president & CEO, commented, "The successful
launch of the Lucerne Portal, now already well over half way
towards our Phase I target of 800 feet, with two underground drill
rigs operating, has enabled us to accelerate our efforts for
developing these remarkable gold and silver resources.  We couldn't
be more pleased with the broad shareholder support, ensuring a
faster pace of drilling and development."

The Company had scheduled a conference call on Thursday, Oct. 22,
2015, at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time to report
results and provide a business update.

                      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.


CONSTRUCTION LOAN: Case Summary & 5 Top Unsecured Creditors
-----------------------------------------------------------
Debtor: Construction Loan One, LLC
        24 Frank Llyod Wright Dr
        Suite H-2200
        PO Box 502
        Ann Arbor, MI 48105

Case No.: 15-55416

Chapter 11 Petition Date: October 21, 2015

Court: United States Bankruptcy Court
       Eastern District of Michigan (Detroit)

Judge: Hon. Walter Shapero

Debtor's Counsel: Matthew W. Frank, Esq.  
                  FRANK & FRANK, PLLC
                  30833 Northwestern Hwy., Suite 205
                  Farmington Hills, MI 48334
                  Tel: (248) 932-1440
                  Email: frankandfrank@comcast.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Peter Eberbach, managing member.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/mieb15-55416.pdf


DAIICHI CHUO: Ontario Court Recognizes Japanese Proceedings
-----------------------------------------------------------
The Ontario Superior Court of Justice issued an initial order
recognizing the civil rehabilitation proceedings under Japanese law
of shippers Daiichi Chuo Kisen Kaisha and Star Bulk Carriers Co.
S.A., currently pending as Case No. Heisei 27 (2015) (Sai) 53
before the 20th Civil Division of the Tokyo District Court, Japan.

The Court also recognized Masakazu Yakushiji and Koji Fujita as the
foreign representative of the Debtors.

The foreign representative retained as counsel:

   Norton Rose Fulbright Canada LLP
   Royal Bank Plaza, South Tower, Suite 3800
   200 Bay Street, P.O. Box 84
   Toronto, Ontario M5J 2Z4
   Attention: Tony Reyes
   Tel: 416 216 4825
   Email: Tony.Reyes@nortonrosefulbright.com
   Attention: Alexander Schmitt
   Tel: 416 216 2419
   Email: Alexander.Schmitt@nortonrosefulbright.com

                         About Daiichi Chuo

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

As reported in the Troubled Company Reporter-Asia Pacific on Sept.
30, 2015, Bloomberg News said Daiichi Chuo KK filed for bankruptcy
protection in Tokyo with JPY120 billion ($1 billion) in
liabilities, as over-expansion amid plunging freight rates pushed
the Japanese shipping line to four straight years of losses.  Its
wholly owned Star Bulk Carrier Co. unit also filed for bankruptcy
with JPY57 billion in liabilities, Daiichi Chuo said in a statement
on September 29, Bloomberg related.

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


DETROIT, MI: Order Denying DWSD Customers' Bid for TRO Affirmed
---------------------------------------------------------------
Senior Judge Bernard A. Friedman of the United States District
Court for the Eastern District of Michigan affirmed the Bankruptcy
Court's Order denying a motion for a temporary restraining order
filed by ten residents of the City of Detroit, Michigan, who are
residential customers of the Detroit Water and Sewerage Department,
and four organizations who claim to represent members throughout
the city who are redidential customers of DWSD.

The individual plaintiffs alleged that in 2013 or 2014 the DWSD
turned off their water, or threatened to do so, because their water
bills were in arrears and filed a motion for a TRO.  On August 28,
2014, defendant filed a motion to dismiss.

On September 29, 2014, the Bankruptcy Court issued its bench ruling
denying plaintiffs' motion for a temporary restraining order and
granting defendant's motion to dismiss. And on November 19, 2014,
the Bankruptcy Court issued its Supplemental Opinion in which it
clarified the reasons for its bench ruling and, in addition,
denying plaintiffs' motions for reconsideration and for leave to
amend their complaint.

The district court proceeding is MAURIKIA LYDA, et al.,
Plaintiffs/Appellants, v. CITY OF DETROIT, MICHIGAN, Appellee,
CIVIL ACTION NO. 15-CV-10038 (Bankr. E.D. Mich.).

The adversary proceeding is MAURIKIA LYDA, et al.,
Plaintiffs/Appellants, v. CITY OF DETROIT, MICHIGAN, Appellee, ADV.
PROCEEDING 14-04732(Bankr. E.D. Mich.).

The bankruptcy case is captioned In re: CITY OF DETROIT, MICHIGAN,
Debtor, NO. 13-53846 (CHAPTER 9)(Bankr. E.D. Mich.).

A full-text copy of Judge Friedman's Opinion dated September 16,
2015, is available at http://is.gd/vMh1Igfrom Leagle.com.

Appellants are represented by Alice B. Jennings, Esq. --  EDWARDS &
JENNINGS, Jerome D. Goldberg, Esq., Kurt Thornbladh, Esq. --
kthornbladh@gmail.com -- THORNBLADH LAW GROUP PLLC & Julie H.
Hurwitz, Esq., at GOODMAN AND HURWITZ, P.C.

City of Detroit, Appellee, represented by Marc N. Swanson, Esq. --
swansonm@millercanfield.com -- MILLER, CANFIELD, Timothy A. Fusco,
Esq. -- fusco@millercanfield.com -- MILLER, CANFIELD & Ronald A.
Spinner, Esq. -- spinner@millercanfield.com -- MILLER CANFIELD

Detroit Water and Sewerage Department, Appellee, represented by
Shanna M. Kaminski, Esq., KILPATRICK & ASSOCIATES, P.C.

Cary S McGehee, Amicus, represented by Cary S. McGehee, Esq., PITT,
MCGEHEE.

                   About the City of Detroit

The City of Detroit, Michigan, weighed down by more than $18
billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit estimated
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by lawyers
at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured and
unsecured general obligations, and $1.43 billion on
pension-related debt, according to a court filing.  Debt service
consumes 42.5 percent of revenue.  The city has 100,000 creditors
and 20,000 retirees.

Detroit is represented by David G. Heiman, Esq., and Heather
Lennox, Esq., at Jones Day, in Cleveland, Ohio; Bruce Bennett,
Esq., at Jones Day, in Los Angeles, California; and Jonathan S.
Green, Esq., and Stephen S. LaPlante, Esq., at Miller Canfield
Paddock and Stone PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers appointed in
the case is represented by Dentons US LLP.  Lazard Freres & Co.
LLC serves as the Retiree Committee's financial advisor.

Detroit filed a notice that the effective date of its
bankruptcy-exit plan occurred on Dec. 10, 2014.  Judge Steven
Rhodes on Nov. 12, 2014, entered an order confirming the Eighth
Amended Plan for the Adjustment of Debts of the City of Detroit.

Thomas Tucker, a federal bankruptcy judge since 2003, took over
Detroit's landmark bankruptcy case following the retirement of
Judge Rhodes.


DEWEY & LEBOEUF: Most Jurors Wanted to Acquit Davis, DiCarmine
--------------------------------------------------------------
Pete Brush at Bankruptcy Law360 reported that jurors in the
criminal trial of three former Dewey & LeBoeuf LLP executives said
on Oct. 18, 2015, after a mistrial was declared that most of them
were willing to acquit Chairman Steven Davis and Executive Director
Stephen DiCarmine, while about half were pushing to convict Chief
Financial Officer Joel Sanders.

Several of the seven-woman, five-man jury talked outside Judge
Robert Stolz's courtroom after the spring-to-fall mistrial, one of
the highest-profile criminal trials ever to implicate the conduct
of corporate lawyers.

In a separate report Max Stendahl at Bankruptcy Law360 related that
the blockbuster Dewey & LeBoeuf fraud case ended largely in a
mistrial on Oct. 18, after jurors deadlocked on most charges
against the firm's former leaders and acquitted them of falsifying
books and records, delivering a blow to Manhattan District Attorney
Cyrus Vance.

The New York Supreme Court's Oct. 18 decision comes after the
12-member jury said it is "hopelessly deadlocked" on 93 charges
against former Dewey executives.

In another report, Max Stendahl at Bankruptcy Law360 said that the
mistrial of Dewey & LeBoeuf's former executives on Oct. 18 was the
product of a meticulous and sustained effort by defense attorneys
to poke holes in the narrative of a vast accounting fraud
conspiracy orchestrated at the highest levels of firm management.

Former Dewey Chairman Steven Davis leaves a Manhattan courtroom on
Oct. 18, as his attorney speaks with reporters.  A New York state
judge ended the case after jurors acquitted former Dewey Chairman
Steven Davis, Executive Director Stephen DiCarmine and Chief
Financial Officer.

Stewart Bishop at Bankruptcy Law360 reported that the jury in the
trial of the former executive leadership of Dewey & LeBoeuf on Oct.
16, met for the 21st time and requested to rehear testimony about
the firm's $150 million private securities offering that
prosecutors say was executed using false information given to
investors.

The panel showed no sign that the marathon deliberations will wrap
up anytime soon, asking for a read-back of testimony about what
Dewey told insurer-investors about its April 2010 private bond
offering well as requesting exhibits.

In a separate report, Brendan Pierson at Reuters said that the
attorney representing Joel Sanders, the former chief financial
officer of bankrupt law firm Dewey & LeBoeuf, renewed his call for
a mistrial on Oct. 15, 2015, saying he was worried the jury was
feeling pressure to convict after 20 days of deliberations.

Judge Robert Stolz, who is presiding over the case in Manhattan
criminal court, declined to order a mistrial.  Prosecutors and
attorneys for the other two defendants, former Dewey Chairman
Steven Davis and Executive Director Stephen DiCarmine, did not join
in the call for a mistrial.

                      About Dewey & LeBoeuf

Dewey & LeBoeuf LLP sought Chapter 11 bankruptcy (Bankr. S.D.N.Y.
Case No. 12-12321) to complete the wind-down of its operations.
The firm had struggled with high debt and partner defections.
Dewey disclosed debt of $245 million and assets of $193 million in
its chapter 11 filing late evening on May 29, 2012.

Dewey & LeBoeuf LLP operated as a prestigious, New York City-
based, law firm that traced its roots to the 2007 merger of Dewey
Ballantine LLP -- originally founded in 1909 as Root, Clark & Bird
-- and LeBoeuf, Lamb, Green & MacCrae LLP -- originally founded in
1929.  In recent years, more than 1,400 lawyers worked at the firm
in numerous domestic and foreign offices.

At its peak, Dewey employed about 2,000 people with 1,300 lawyers
in 25 offices across the globe.  When it filed for bankruptcy,
only 150 employees were left to complete the wind-down of the
business.

Dewey's offices in Hong Kong and Beijing are being wound down.
The partners of the separate partnership in England are in process
of winding down the business in London and Paris, and
administration proceedings in England were commenced May 28.  All
lawyers in the Madrid and Brussels offices have departed.  Nearly
all of the lawyers and staff of the Frankfurt office have
departed, and the remaining personnel are preparing for the
closure.  The firm's office in Sao Paulo, Brazil, is being
prepared for closure and the liquidation of the firm's local
affiliate.  The partners of the firm in the Johannesburg office,
South Africa, are planning to wind down the practice.

The firm's ownership interest in its practice in Warsaw, Poland,
was sold to the firm of Greenberg Traurig PA on May 11 for
$6 million.  The Pension Benefit Guaranty Corp. took $2 million of
the proceeds as part of a settlement.

Judge Martin Glenn oversees the case.  Albert Togut, Esq., at
Togut, Segal & Segal LLP, represents the Debtor.  Epiq Bankruptcy
Solutions LLC serves as claims and notice agent.  The petition was
signed by Jonathan A. Mitchell, chief restructuring officer.

JPMorgan Chase Bank, N.A., as Revolver Agent on behalf of the
lenders under the Revolver Agreement, hired Kramer Levin Naftalis
& Frankel LLP.  JPMorgan, as Collateral Agent for the Revolver
Lenders and the Noteholders, hired FTI Consulting and Gulf
Atlantic Capital, as financial advisors.  The Noteholders hired
Bingham McCutchen LLP as counsel.

The U.S. Trustee formed two committees -- one to represent
unsecured creditors and the second to represent former Dewey
partners.  The creditors committee hired Brown Rudnick LLP led by
Edward S. Weisfelner, Esq., as counsel.  The Former Partners hired
Tracy L. Klestadt, Esq., and Sean C. Southard, Esq., at Klestadt &
Winters, LLP, as counsel.

FTI Consulting, Inc. was appointed secured lender trustee for the
Secured Lender Trust.  Alan Jacobs of AMJ Advisors LLC, was named
Dewey's liquidation trustee.  Scott E. Ratner, Esq., Frank A.
Oswald, Esq., David A. Paul, Esq., Steven S. Flores, Esq., at
Togut, Segal & Segal LLP, serve as counsel to the Liquidation
Trustee.

Dewey's liquidating Chapter 11 plan was approved by the bankruptcy
court in February 2013 and implemented in March.  The plan created
a trust to collect and distribute remaining assets.  The firm
estimated that midpoint recoveries for secured and unsecured
creditors under the plan would be 58.4 percent and 9.1 percent,
respectively.


DOLPHIN DIGITAL: Amends Articles of Incorporation
-------------------------------------------------
Dolphin Digital Media, Inc., filed Articles of Amendment to its
Articles of Incorporation with the Secretary of State of the State
of Florida to designate its Series B Convertible Preferred Stock,
according to a regulatory filing with the Securities and Exchange
Commission.

The certificate of designation provides that each share of Series B
Convertible Preferred Stock, par value $0.10 per share, is
exercisable into 19 shares of common stock of the Company.  In the
event of the Company's liquidation, dissolution or winding up,
holders of Series B Convertible Preferred Stock will receive a
payment equal to $0.10 per share of Series B Convertible Preferred
Stock before any proceeds are distributed to the holders of Common
Stock.  Shares of Series B Convertible Preferred Stock will have no
voting rights, except as required by law and will have dividend
rights on parity with the Common Stock.  Shares of Series B
Convertible Preferred Stock that are converted into Common Stock
may be subject to restrictions on transfer as required by
applicable federal and state securities laws.

The Company will exchange 1,042,753 shares of Series A Convertible
Preferred Stock for 1,000,000 shares of Series B Convertible
Preferred Stock, pursuant to the terms of the Preferred Stock
Exchange Agreement, dated as of Oct. 16, 2015.

                       About Dolphin Digital

Coral Gables, Florida-based Dolphin Digital Media, Inc., is
dedicated to the twin causes of online safety for children and
high quality digital entertainment.  By creating and managing
child-friendly social networking websites utilizing state-of the-
art fingerprint identification technology, Dolphin Digital Media,
Inc. has taken an industry-leading position with respect to
internet safety, as well as digital entertainment.

Dolphin Digital reported a net loss of $1.87 million on $2.07
million of total revenue for the year ended Dec. 31, 2014, compared
to a net loss of $2.46 million on $2.29 million of total revenue
for the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $3.24 million in total assets,
$14.14 million in total liabilities, all current and total
stockholders' deficit of $10.9 million.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered recurring
losses from operations, negative cash flows from operations, and
does not have sufficient working capital.  These events raise
substantial doubt about the Company's ability to continue as a
going concern.


ENDEAVOUR INT'L: Pact Shrinks Ex-CEO's $6.2M Employment Claim
-------------------------------------------------------------
Jonathan Randles Bankruptcy Law360 reported that Endeavour
Operating Corp. asked a Delaware bankruptcy judge on Oct. 16, 2015,
to approve a settlement with the oil company's former chief
executive William Transier that significantly reduces a $6.2
million claim for compensation and bonuses, a pact the Debtor says
is an important key to ending its Chapter 11 case.

The settlement reduces Mr. Transier's claim to $932,087 and
classifies the bulk of that amount, $818,114, will be classified as
a general unsecured claim, according to a motion Endeavour filed
with the court.

                   About Endeavour International

Houston, Texas-based Endeavour International Corporation (OTC:
ENDRQ) (LSE: ENDV) is an oil and gas exploration and production
company focused on the acquisition, exploration and development of
energy reserves in the North Sea and the United States.

On Oct. 10, 2014, Endeavour International and five affiliates
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 14-12308, Endeavour
Operating Corp.).  The Hon. Kevin J. Carey presides over the
cases.

As of June 30, 2014, the Company had $1.55 billion in total
assets, $1.55 billion in total liabilities, $43.7 million in
Series C convertible preferred stock, and a $41.5 million
stockholders' deficit.

Endeavour Operating Corporation, in its schedules, disclosed
$808,358,297 in assets and $1,242,480,297 in liabilities as of the
Chapter 11 filing.

The Debtors have tapped Weil, Gotshal & Manges LLP as counsel;
Richards, Layton & Finger, P.A., as co-counsel; The Blackstone
Group L.P., as financial advisor; AlixPartners, LLP, as
restructuring advisor; and Kurtzman Carson Consultants LLC, as
claims and noticing agent.

The U.S. Trustee for Region 3 has appointed three members to the
Official Committee of Unsecured Creditors in the Chapter 11 cases
of Endeavour Operating Corporation and its debtor affiliates.  The
Committee is represented by David M. Bennett, Esq., Cassandra
Sepanik Shoemaker, Esq., and Demetra L. Liggins, Esq., at Thompson
& Knight LLP, and Neil B. Glassman, Esq., Scott D. Cousins, Esq.,
and Evan T. Miller, Esq., at Bayard, P.A.  Alvarez & Marsal North
America, LLC, serves as financial advisors to the Committee, while
UpShot Services LLC serves as website administrator.

                        *     *     *

U.S. Bankruptcy Judge Kevin J. Carey in of Delaware, on Dec. 22,
2014, approved the disclosure statement explaining Endeavour
Operating Corporation, et al.'s joint plan of reorganization.

The Amended Plan, dated Dec. 19, 2014, provides that it is
supported by creditors who collectively hold 82.99% of the March
2018 Notes Claims (Class 3), 70.88% of the June 2018 Notes Claims
(Class 4), 99.75% of the 7.5% Convertible Bonds Claims (Class 5),
and 69.08% of the Convertible Notes Claims (Class 6).  The Amended
Plan also provides that holders of general unsecured claims will
recover an estimated 15% of the total claims amount, which is
estimated to be $6,000,000.

The hearing to consider confirmation of the Amended Joint Plan of
Reorganization, dated Dec. 23, 2014, of Endeavour Operating
Corporation and its affiliated debtors, including Endeavour
International Corporation, has been adjourned to a date to be
determined.

On April 29, 2015, the Debtor announced that, as a result of
recent declines in oil and gas prices, the Company withdrew the
proposed Plan.



ENDEAVOUR INTERNATIONAL: Cancels Registration of Securities
-----------------------------------------------------------
Endeavour International Corporation filed with the Securities and
Exchange Commission on Form 15 to terminate the registration of
these securities:

     Common Stock ($0.001 par value)
     Warrants to Purchase Common Stock
     12% First Priority Notes due 2018
     Guarantees of 12% First Priority Notes due 2018
     12% Second Priority Notes due 2018
     Guarantees of 12% Second Priority Notes due 2018

A bankruptcy judge on Sept. 18 said he was considering converting
Endeavour's chapter 11 case to a liquidating chapter 7 under the
control of a court-appointed trustee, Tom Corrigan, writing for Dow
Jones' Daily Bankruptcy Review, reported.

Endeavour has asked Bankruptcy Judge Kevin J. Carey to end its
chapter 11 case in a so-called structured dismissal by the end of
October 2015.  The Company said in court filings that none of its
creditors would benefit from having its bankruptcy converted to
Chapter 7 as its official committee of unsecured creditor wants.

                   About Endeavour International

Houston, Texas-based Endeavour International Corporation (OTC:
ENDRQ) (LSE: ENDV) is an oil and gas exploration and production
company focused on the acquisition, exploration and development of
energy reserves in the North Sea and the United States.

On Oct. 10, 2014, Endeavour International and five affiliates
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 14-12308, Endeavour
Operating Corp.).  The Hon. Kevin J. Carey presides over the
cases.

As of June 30, 2014, the Company had $1.55 billion in total
assets, $1.55 billion in total liabilities, $43.7 million in
Series C convertible preferred stock, and a $41.5 million
stockholders' deficit.

Endeavour Operating Corporation, in its schedules, disclosed
$808,358,297 in assets and $1,242,480,297 in liabilities as of the
Chapter 11 filing.

The Debtors have tapped Weil, Gotshal & Manges LLP as counsel;
Richards, Layton & Finger, P.A., as co-counsel; The Blackstone
Group L.P., as financial advisor; AlixPartners, LLP, as
restructuring advisor; and Kurtzman Carson Consultants LLC, as
claims and noticing agent.

The U.S. Trustee for Region 3 has appointed three members to the
Official Committee of Unsecured Creditors in the Chapter 11 cases
of Endeavour Operating Corporation and its  debtor affiliates.  The
Committee is represented by David M. Bennett, Esq., Cassandra
Sepanik Shoemaker, Esq., and Demetra L. Liggins, Esq., at Thompson
& Knight LLP, and Neil B. Glassman, Esq., Scott D. Cousins, Esq.,
and Evan T. Miller, Esq., at Bayard, P.A.  Alvarez & Marsal North
America, LLC, serves as financial advisors to the Committee, while
UpShot Services LLC serves as website administrator.

                        *     *     *

U.S. Bankruptcy Judge Kevin J. Carey in of Delaware, on Dec. 22,
2014, approved the disclosure statement explaining Endeavour
Operating Corporation, et al.'s joint plan of reorganization.

The Amended Plan, dated Dec. 19, 2014, provides that it is
supported by creditors who collectively hold 82.99% of the March
2018 Notes Claims (Class 3), 70.88% of the June 2018 Notes Claims
(Class 4), 99.75% of the 7.5% Convertible Bonds Claims (Class 5),
and 69.08% of the Convertible Notes Claims (Class 6).  The Amended
Plan also provides that holders of general unsecured claims will
recover an estimated 15% of the total claims amount, which is
estimated to be $6,000,000.

The hearing to consider confirmation of the Amended Joint Plan of
Reorganization, dated Dec. 23, 2014, of Endeavour Operating
Corporation and its affiliated debtors, including Endeavour
International Corporation, has been adjourned to a date to be
determined.

On April 29, 2015, the Debtor announced that, as a result of Recent
declines in oil and gas prices, the Company withdrew the proposed
Plan.


ENERGY FUTURE: Seeks Approval for TCEH to Bid for Generation Assets
-------------------------------------------------------------------
Energy Future Holdings Corp., et al., seek authority from the
United States Bankruptcy Court for the District of Delaware to let
Texas Competitive Electric Holdings Company and its direct
subsidiaries to participate in a competitive bidding process for
the acquisition of certain strategic business assets and, if
selected as the winning bidder, to consummate a proposed
acquisition.

Portions of the motion seeking authority for the TCEH Debtors to
participate in the bidding process were redacted.  According to the
Debtors, the Seller is currently conducting a bidding process to
sell all of the equity interests in one of its subsidiaries, which
owns generation facilities.

To remain a leader in the increasingly competitive electricity
business, the TCEH Debtors proactively position themselves for new,
strategic market opportunities that complement their existing lines
of business.  The TCEH Debtors believe that the Assets will provide
strategic enhancements to their existing generation business.

Michael Carter executed a declaration in support of the Energy
Future Holdings Corp.'s motion for an entry of an order
authorizing, but not requiring, the TCEH Debtors (a) to participate
in a competitive bidding process, and (b) if selected as the
winning bidder, to consummate a proposed acquisition.

The bankruptcy court will convene a hearing on October 28, 2015, at
3:00 p.m., to consider approval of the motion.

Energy Future Holdings Corp., et al. are represented by:

          Mark D. Collins, Esq.
          Daniel J. DeFranceschi, Esq.
          Jason M. Madron, Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          920 North King Street
          Wilmington, DE 19801
          Tel.: (302) 651-7700
          Fax: (302) 651-7701
          Email: collins@rlf.com
                 defranceschi@rlf.com
                 madron@rlf.com

               -and-

          Edward O. Sassower, P.C.
          Stephen E. Hessler, Esq.
          Brian E. Schartz, Esq.
          KIRKLAND & ELLIS LLP
          KIRKLAND & ELLIS INTERNATIONAL LLP
          601 Lexington Avenue
          New York, NY 10022
          Tel.: (212) 446-4800
          Fax: (212) 446-4900
          Email: edward.sassower@kirkland.com
                 stephen.hessler@kirkland.com
                 brian.schartz@kirkland.com

                -and-

         James H.M. Sprayregen, P.C.
         Marc Kieselstein, P.C.
         Chad J. Husnick, Esq.
         Steven N. Serajeddini, Esq.
         300 North LaSalle
         Chicago, IL 60654
         Tel: (312) 862-2000
         Fax: (312) 862-2200
         Email: james.sprayregen@kirkland.com
                marc.kieselstein@kirkland.com
                chad.husnick@kirkland.com
                steven.serajeddini@kirkland.com


                    About Energy Future Holding Corp.

Energy Future Holdings Corp., formerly known as TXU Corp., is
privately held diversified energy holding company with a Portfolio
of competitive and regulated energy businesses in Texas.

Oncor, an 80 percent-owned entity within the EFH group, is the
largest regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

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

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

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

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

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

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

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


ESCO MARINE: Chatsworth Securities Approved as Investment Bankers
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas
authorized ESCO Marine, Inc., to employ Chatsworth Securities, LLC,
as investment bankers nunc pro tunc to May 26, 2015.

The order was agreed upon by the Debtors, Chatsworth, the Official
Committee of Unsecured Creditors, and Callidus Capital Corporation.
The parties agreed to resolve an objection to the motion.  The
terms of the application is modified as, among other things:

   (1) Chatsworth will be authorized to perform any work which has
been authorized to be performed by Duff & Phelps Canada
Restructuring, Inc., as financial analyst to the debtor and
parties-in-interest may object and ask for an adjustment to the
extent any work performed is duplicative;

   (2) the fee schedule will be modified to include these: in the
event that Marcella Molinari Enterprises, LLC or any other
purchaser referred by a party other than Chatsworth which is not on
Chatsworth contact list provides an offer in the amount of at least
$25 million cash plus proof of its ability to fund, and the Court
approves the offer, then Chatsworth agrees to modify the fees in
the section as follows:

       (a) a non-refundable monthly retainer of $25,000, up to a
period of five months; and

       (b) transaction fee equal to $50,000 plus, for each million
dollars of the purchase price in excess of $25 million, an
additional $50,000; provided that any such sale is subject to
Callidus' right to credit bid and object to any proposed sale.

                         About ESCO Marine

ESCO Marine, Inc., and four affiliates sought Chapter 11
Bankruptcy protection in Corpus Christi, Texas (Bankr. S.D. Tex.)
on March 7, 2015.

The cases are assigned to Judge Richard S. Schmidt.  The Court
approved the joint administration of the Debtors' Chapter 11 cases
under ESCO Marine, Inc., Case No. 15-20107.

ESCO Metals, LLC, ESCO Shredding, LLC, Texas Best Recycling, LLC,
and Texas Best Equipment LLC are affiliates of ESCO Marine.  ESCO
Marine is the operating parent company.

The Debtors have tapped Roderick Glen Ayers, Jr., Esq., at Langley
Banack Inc., in San Antonio, as counsel.  Th Debtors tapped AP
Services LLC to designate a chief restructuring officer, and Duff &
Phelps Canada Restructuring, Inc. as financial advisors.  

The Debtor disclosed total assets of $85,908,515 and total
liabilities of $93,808,107.

Secured creditor Callidus Capital Corporation is represented by
Nathaniel Peter Holzer, Esq., at Jordan, Hyden, Culbreth & Holzer,
P.C.


ESTATE FINANCIAL: Hearing on Ezra Brutzkus Employment Continued
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
will continue the hearing to consider the Chapter 11 trustee's
application to amend order authorizing employment of Ezra Brutzkus
Gubner LLP as his special litigation counsel.

Estate Financial, Inc., was a licensed real estate brokerage firm
since the later 1980's.  EFI solicited funding for, and arranged
and made, loans secured by various real property.  EFI also was
the
sole manager of Estate Financial Mortgage Fund LLC, which was
organized for the purpose of investing in and funding loans
originated by EFI which were secured by first deeds of trust
encumbering commercial and real estate located primarily in
California and has been funding such mortgage loans since 2002.

Five creditors of EFI filed an involuntary Chapter 11 petition
against the real estate broker (Bankr. C.D. Cal. Case No. 08-11457)
on June 25, 2008.  EFI consented to the bankruptcy petition on July
16, 2008.

In its schedules, Estate Financial disclosed total assets of $27.4
million, and total debt of $7.32 million.

Robert B. Orgel, Esq., at Pachulski Stang Ziehl & Jones LLP, and
William C. Beall, Esq., at Beall and Burkhardt, serve as counsel to
the Debtor.

A Chapter 11 trustee, Thomas P. Jeremiassen, was appointed by the
Court on July 23, 2008.

Robyn B. Sokol, Esq., and Steven T. Gubner, Esq., at Ezra Brutzkus
& Gubner, serve as counsel to the official committee of unsecured
creditors.


EWGS INTERMEDIARY: Court Issues Final Decree Closing Ch. 11 Cases
-----------------------------------------------------------------
Judge Mary F. Walrath of the United States Bankruptcy Court for the
District of Delaware signed off an Order and Final Decree closing
the Chapter 11 cases of EWGS Intermediary and Edwin Watts Golf
Shops.

The motion for entry of a final decree was filed by the Plan
Administrator of the Debtors.  The Plan Administrator said it has
paid all quarterly United States Trustee fees owing through June
30, 2015, and will provide for the repayment of fees that will
become due after the close of the second calendar quarter of 2015.


Pursuant to the Order and Final Decree, the Chapter 11 cases of the
Debtors will be closed pursuant to Section 350 (a) of the
Bankruptcy Code.  To the extent not already paid, the fees required
to be paid to the U.S. Trustee pursuant to 28 U.S.C. Section
1930(a)(6) will be paid as soon as reasonably practicable after the
date of the entry of the Order.  The Plan Administrator is
authorized to assign the BP Claim to the Secured Noteholder.
Further, the Plan Administrator will have fully discharged all of
its duties with respect to the Plan and Debtors' estates, and the
Plan Administrator and her professionals, consultants and employees
will be deemed discharged from their duties and obligations in the
Debtors' Chapter 11 cases and under the Plan.  Moreover, the Plan
Administrator, on behalf of the Debtors, is empowered and
authorized to take all actions necessary or appropriate to effect
the relief granted in the Order and Final Decree.  The Plan
Administrator is also empowered and authorized to file any and all
necessary documents to affect the dissolution of one or both of the
Debtors.

The Plan Administrator is represented by:

          Domenic E. Pacitti, Esq.
          Michael W. Yurkewicz, Esq.
          KLEHR HARRISON HARVEY BRANZBURG LLP
          919 Market Street, Suite 1000
          Wilmington, DE 19801
          Tel: (302) 426-1189
          Fax: (302) 426-9193
          Email: dpacitti@klehr.com
                 myurkewicz@klehr.com

                         About EWGS Intermediary

EWGS Intermediary and Edwin Watts Golf Shops, which operate as an
integrated, multi-channel retailer, offering brand name golf
equipment, apparel and accessories, filed for Chapter 11 protection
on Nov. 4, 2013 (Bankr. D. Del. Lead Case No. 13-12876). They are
represented by Domenic E. Pacitti, Esq., and Michael W. Yurkewicz,
Esq., at Klehr Harrison Harvey Branzburg LLP, in Wilmington,
Delaware.  The Debtors tapped Bayshore Partners LLC as their
investment banker, FTI Consulting, LLC, as their financial
advisors, and Epiq Bankruptcy Solutions, LLC, as claims and
noticing agent.

PNC Bank, National Association, the DIP Agent, is represented by
Regina Stango Kelbon, Esq., at Blank Rome LLP, in Wilmington,
Delaware.

Lawrence C. Gottlieb, Esq., Jay R. Indyke, Esq., Brent Weisenberg,
Esq., at Cooley LLP, serve as lead counsel to the Official
Committee of Unsecured Creditors.  Michael J. Merchant, Esq.,
Christopher M. Samis, Esq., and William A. Romanowies, Esq., at
Richards, Layton & Finger, P.A. serve as Delaware counsel.  The
Committee hired PricewaterhouseCoopers LLP as its financial
adviser.

The Debtors said total assets are greater than $100 million.  In
its schedules, EWGS Intermediary disclosed $0 in assets and
$77,801,784 in total liabilities.

Hilco Merchant Resources, a unit of Hilco Global, on Dec. 5, 2013,
disclosed that it has completed a $40 million deal to purchase all
the assets of golf retail brand Edwin Watts, in partnership with
GWNE, Inc., an affiliate of Worldwide Golf Shops.  The transaction
was approved by the bankruptcy court and closed on Dec. 5.


EXCO RESOURCES: S&P Lowers Corporate Credit Rating to 'SD'
----------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Dallas-based EXCO Resources Inc. to 'SD' (selective
default) from 'B-', and issue-level ratings on the company's senior
unsecured notes due 2018 and 2022 to 'D' from 'CCC'.

"The downgrade follows EXCO's announcement that EXCO has entered
into an agreement to exchange a portion of its senior unsecured
notes due 2018 and 2022 for a new senior secured term loan at a 49%
discount to par," said Standard & Poor's credit analyst Christine
Besset.  "We view this transaction as a distressed exchange because
at the close of the transaction investors receive less than what
was promised on the original securities," said
Ms. Besset.

The company will repurchase $577 million of aggregate principal
amount of notes for a new $291 million term loan.

EXCO also executed an agreement with Fairfax Financial Holdings
Ltd. to provide a new $300 million senior secured second-lien term
loan, whose proceeds will repay a portion of the borrowings
outstanding under the company's revolving credit facility.  The
Fairfax term loan will be pari passu with the exchange senior
secured second-lien term loan referred to above.  At the same time,
EXCO amended and restated its revolving credit facility, reducing
the borrowing base to $375 million from $600 million while relaxing
or removing financial covenants.  The facility remains subject to
redetermination next spring.

These transactions will reduce the company's $1.55 billion of total
debt by $270 million.  S&P notes that these transactions will
improve the company's financial leverage and lengthen the average
weighted debt maturity, but increase interest payments.  S&P views
the impact of these transactions as neutral on liquidity, given the
simultaneous decrease in the company's revolving credit facility.
S&P notes that the company has $234 million of remaining secured
debt capacity under its credit agreements for future exchanges or
issuance of new secured debt.

S&P expects to review the corporate credit and issue-level ratings
when the company's capital structure and future development plans
are more clear.  S&P's analysis will incorporate the challenging
operating environment for oil and gas companies at current
commodity prices and EXCO's high, though marginally improved,
leverage.  S&P expects to rate the new second-lien term loan at or
near the close of the transaction.



FIBERTOWER NETWORK: Court Signs Final Decree Closing 2 Ch. 11 Cases
-------------------------------------------------------------------
Judge D. Michael Lynn of the United States Bankruptcy Court for the
Northern District of Texas, Fort Worth Division, granted
Reorganized FiberTower Corporation and its affiliates' application
for final decree closing certain of the Reorganized Debtors'
Chapter 11 cases.

The Reorganized Debtors asserted that closing the inactive cases
will, among other things, permit the Reorganized Debtors to cease
paying quarterly fees for the inactive cases to the U.S. Trustee,
which is an unnecessary financial burden on them now that they have
emerged from Chapter 11 and the Chapter 11 Cases have been fully
administered.  The Reorganized Debtors do not seek to close all of
the Chapter 11 Cases.  Rather, because the Appeal of the FCC
Opinion remains pending and the Reorganized Debtors believe that
the FCC Action should remain open until the Appeal is fully and
finally resolved, the Reorganized Debtors seek to close all of the
Chapter 11 Cases other than (i) the Chapter 11 case of FiberTower
Spectrum Holdings LLC, and (ii) the FCC Action.

The Reorganized Debtors are represented by:

          Paul N. Silverstein, Esq.
          Jonathan I. Levine, Esq.
          Jeremy B. Reckmeyer, Esq.
          450 Lexington Avenue, 15th Floor
          New York, NY 10017
          Tel: (212) 850-2800
          Fax: (212) 850-2929
          Email: paulsilverstein@andrewskurth.com
          jonathanlevine@andrewskurth.com
          jeremyreckmeyer@andrewskurth.com

                    -- and --

          Michelle V. Larson, Esq.
          1717 Main Street, Suite 3700
          Dallas, TX 75201
          Tel: (214) 659-4400
          Fax: (214) 659-4401
          Email: michellelarson@andrewskurth.com

                   About FiberTower Corp.

FiberTower Corporation, FiberTower Network Services Corp.,
FiberTower Licensing Corp., and FiberTower Spectrum Holdings LLC
filed for Chapter 11 protection (Bankr. N.D. Tex. Case Nos.
12-44027 to 12-44031) on July 17, 2012, together with a plan
nsupport agreement struck with prepetition secured noteholders.

FiberTower is an alternative provider of facilities-based backhaul
services, principally to wireless carriers, and a national provider
of millimeter-band spectrum services.  Backhaul is the transport of
voice, video and data traffic from a wireless carrier's mobile base
station, or cell site, to its mobile switching center or other
exchange point.  FiberTower provides spectrum leasing services
directly to other carriers and enterprise clients, and also offer
their spectrum services through spectrum brokerage arrangements and
through fixed wireless equipment partners.

FiberTower's significant asset is the ownership of a national
spectrum portfolio of 24 GHz and 39 GHz wide-area spectrum
licenses, including over 740 MHz in the top 20 U.S. metropolitan
areas and, in the aggregate, roughly 1.72 billion channel pops
(calculated as the number of channels in a given area multiplied by
the population, as measured in the 2010 census, covered by these
channels).  FiberTower believes the Spectrum Portfolio represents
one of the largest and most comprehensive collections of millimeter
wave spectrum in the U.S., covering areas with a total population
of over 300 million.

As of the Petition Date, FiberTower provides service to roughly
5,390 customer locations at 3,188 deployed sites in 13 markets
throughout the U.S.  The fixed wireless portion of these hybrid
services is predominantly through common carrier spectrum in the
11, 18 and 23 GHz bands.  FiberTower's biggest service markets are
Dallas/Fort Worth and Washington, D.C./Baltimore, with additional
markets in Atlanta, Boston, Chicago, Cleveland, Denver, Detroit,
Houston, New York/New Jersey, Pittsburgh, San Antonio/Austin/Waco
and Tampa.

As of June 30, 2012, FiberTower's books and records reflected total
combined assets, at book value, of roughly $188 million and total
combined liabilities of roughly $211 million.  As of the
Petition Date, FiberTower had unrestricted cash of roughly $23
million.  For the six months ending June 30, 2012, FiberTower had
total revenue of roughly $33 million.  With the help of FTI
Consulting Inc., FiberTower's preliminary valuation work shows that
the Company's enterprise value is materially less than $132 million
-- i.e., the approximate principal amount of the 9.00%
Senior Secured Notes due 2016 outstanding as of the Petition Date.

The preliminary valuation work is based upon the assumption that
FiberTower's spectrum licenses will not be terminated.  Fibertower
Spectrum disclosed $106,630,000 in assets and $175,501,975 in
liabilities as of the Chapter 11 filing.

Judge D. Michael Lynn oversees the Chapter 11 case.  Lawyers at
Andrews Kurth LLP serve as the Debtors' lead counsel.  Lawyers at
Hogan Lovells and Willkie Farr and Gallagher LLP serve as special
FCC counsel.  FTI Consulting serve as financial advisor.  BMC
Group Inc. serve as claims and noticing agent.  The petitions were
signed by Kurt J. Van Wagenen, president.

Wells Fargo Bank, National Association -- as indenture trustee and
collateral agent to the holders of 9.00% Senior Secured Notes due
2016 owed roughly $132 million as of the Petition Date – is
represented by Eric A. Schaffer, Esq., at Reed Smith LLP.  An Ad
Hoc Committee of Holders of the 9% Secured Notes Due 2016 is
represented by Kris M. Hansen, Esq., and Sayan Bhattacharyya, Esq.,
at Stroock & Stroock & Lavan LLP.  Wells Fargo and the Ad
Hoc Committee also have hired Stephen M. Pezanosky, Esq., and Mark
Elmore, Esq., at Haynes and Boone, LLP, as local counsel.

U.S. Bank, National Association -- in its capacity as successor
indenture trustee and collateral agent to holders of the 9.00%
Convertible Senior Secured Notes due 2012, owed $37 million as of
the Petition Date -- is represented by Michael B. Fisco, Esq., at
Faegre Baker Daniels LLP, as counsel and J. Mark Chevallier, Esq.,
at McGuire Craddock & Strother PC as local counsel.

William T. Neary, the U.S. Trustee for Region 6 appointed five
members to the Official Committee of Unsecured Creditors in the
Debtors' cases.  The Committee is represented by Otterbourg,
Steindler, Houston & Rosen, P.C., and Cole, Schotz, Meisel, Forman
& Leonard, P.A.  Goldin Associates, LLC serves as its financial
advisors.

On March 15, 2013, the Court entered an order authorizing the
Debtors to sell assets that are primarily utilized by the Debtors
to provide wireless backhaul services in the State of Ohio to
Cellco Partnership (dba Verizon Wireless) free and clear for $1.5
million.

In May 2013, FiberTower sought and obtained Court authority to sell
their telecommunications equipment and employ American
Communications, LLC, as telecommunications equipment reseller.
According to the Debtors, the telecommunications equipment, which
was a part of their backhaul business, is no longer necessary in
the conduct of their business.  They, however, believe that the
equipment may have resale value that would benefit their estates.

On Jan. 27, 2014, FiberTower, et al., obtained confirmation of
their Fourth Amended Joint Chapter 11 Plan.


FIRST DATA: Fitch Affirms 'B' IDR & Revises Outlook to Positive
---------------------------------------------------------------
Fitch Ratings has affirmed First Data Corp.'s Issuer Default Rating
at 'B'.  The Rating Outlook has been revised to Positive from
Stable.  At June 30, 2015, the company had $21 billion in total
debt outstanding.

The affirmation and Positive Outlook reflect First Data's
completion of an initial public offering (IPO) on Oct. 15, and
expectations that net proceeds of approximately $2.5 billion will
be used to reduce debt.

KEY RATING DRIVERS

   -- Improved Credit Profile: Pro forma for the post-IPO debt
      reduction, Fitch estimates total leverage was 7.1x at
      June 30, 2015, and that leverage could be under 6x at the
      end of 2017.  As previously disclosed Fitch believes
      expectations for leverage under 6x would likely lead to an
      upgrade.  Fitch expects free cash flow (FCF) to improve
      materially following the debt reduction and through debt
      refinancings in 2015 and potential future refinancings.

   -- Leveraged Capital Structure: The current rating reflects
      FDC's highly leveraged capital structure.  As of June 30,
      2015, total and secured leverage were 7.9x and 5.8x,
      respectively.  Fitch notes that leverage has materially
      declined from 10.6x in 2010 as a result of debt reduction
      and EBITDA growth.

   -- Large Operational Scale: The Global Business Solutions
      business is characterized by its large scale and global
      footprint with more than six million merchants.  Existing
      merchant relationships and large distribution platform
      (alliances and partnerships) reinforce the company's ability

      to sustain its market share while providing a segue to
      introduce and capitalize on emerging technologies (i.e.
      Apple Pay, Clover, EMV, and Mobile Payments).  The Global
      Financial Solutions business also benefits from this scale
      and established relationships with card issuers as well as
      from long-term contracts which have high switching costs.

   -- Diversified Customer Base: The customer base is global in
      nature and consists primarily of millions of regional and
      local merchants and large financial institutions.  Fitch
      notes, however, that FDC is exposed to price-sensitive
      merchants within small- and medium-sized businesses that are

      more susceptible to down cycles.

   -- Fee Structure Offsets Cyclicality: Revenue has a correlation

      with consumer spending, but volatility is subdued due to the

      continued adoption of electronic payments, exposure to
      consumer staples, pricing model (paid per transaction as
      well as on a percentage of transacted amount) in Global
      Business Solutions, and contractual nature of fees (based on

      activity level) in Global Financial Solutions.

   -- Spending Shift: A mix shift in consumer spending patterns
      favoring large discount retailers that have more leverage to

      negotiate favorable fees has pressured profitability and
      revenue growth. Fitch notes that this is mitigated by
      increased spending online that can generate high fees due to

      the higher risk associated with the transaction.

   -- Financial Industry Consolidation: Consolidation could pose a

      risk for the company, particularly in FDC's Global Financial

      Solutions segment, as could changes in regulations in First
      Data's overall business.

   -- Emerging Competition: The high barriers to entry could be
      eroded by the emergence of new payment technology in the
      Global Business Solutions segment.  Conversely, the Global
      Financial Solutions segment has much lower exposure to
      emerging competitors due to First Data's strong position in
      card processing for large institutions.

KEY ASSUMPTIONS

   -- Fitch assumes revenues will grow in the low- to mid-single
      digits over the near term, and that First Data's EBITDA
      margin will be relatively stable in the 24% to 25% range.
      Fitch's assumptions for the EBITDA margin are based on gross

      revenues, which include material reimbursable expenses.

   -- Fitch believes that through EBITDA growth and debt reduction

      First Data's consolidated leverage will decline to
      approximately 5.9x by the end of 2017.

RATING SENSITIVITIES

Positive Trigger: The ratings could be upgraded if First Data's
credit profile continues to strengthen, and leverage is expected to
be maintained at or below 6x (gross leverage).  Future developments
that may lead to positive rating action include sustained EBITDA
growth and reductions in debt from the company's improved free cash
flow position.

Negative Trigger: The ratings could be downgraded if First Data
were to experience erosion in its market share or if price
compression accelerates due to new competitive threats leading to
sustained EBITDA margins at approximately 20% or below with
negative free cash flow generation.

LIQUIDITY AND DEBT STRUCTURE

Liquidity as of June 30, 2015, consisted of $348 million in cash
(net $92 million in amounts held outside the U.S. and at
subsidiaries to fund their respective operations).  First Data also
has a $1.25 billion revolving credit facility (RCF) that expires in
June 2020 (subject to an earlier springing maturity if certain debt
remains outstanding at certain dates).  As of
June 30, 2015, First Data's RCF provided an additional
approximately $1 billion of liquidity (net of $204 million drawn
and $41 million in letters of credit outstanding).

Fitch has affirmed these ratings and revised the Outlook to
Positive on the IDR:

   -- IDR at 'B'; Positive Outlook;
   -- Senior secured RCF and term loans at 'BB/RR1';
   -- Senior secured notes at 'BB/RR1';
   -- Junior secured notes at 'CCC+/RR6';
   -- Senior unsecured notes at 'CCC+/RR6';
   -- Senior subordinated notes at 'CCC/RR6'.



FOREVER GREEN: Ulterior Motives Can Derail Forced Bankruptcies
--------------------------------------------------------------
Gail Sullivan at Bankruptcy Law360 reported that an otherwise
proper petition to force a debtor to declare bankruptcy can be
dismissed if it's filed for cynical reasons, the Third Circuit held
in an Oct. 16, 2015 precedential decision affirming a lower court
holding that such a petition was filed against an athletic turf
playing field company to gain a litigation advantage.

The three-judge panel unanimously found that former Forever Green
Athletic Fields Inc. employee Charles C. Dawson had filed an
involuntary bankruptcy petition against the company to cash in on a
consent judgment.

                    About the Involuntary Case

Forever Green Athletic Fields, Inc. is a corporation organized and
existing under the laws of the Commonwealth of Pennsylvania with
its principal place of business of 124 South Maple Street, Suite
100, Ambler, Pennsylvania 19002.  Forever Green was formed for the
purpose of selling and installing artificial grass athletic
fields.

Charles C. Dawson, Kelli L. Dawson, and the law firm of Cohen,
Seglias, Pallas, Greenhall & Furman, PC -- collectively with the
Dawsons, the "Petitioning Creditors" -- filed an involuntary
petition under chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa.
Case No. 12-13888) on April 20, 2012, against Forever Green.  

Forever Green sought dismissal of the Involuntary Petition on the
grounds that it is a bad-faith filing and an abuse of the
bankruptcy system initiated by the Petitioning Creditors to
frustrate the prosecution of the Forever Green's claims against Mr.
Dawson, ProGreen Surfaces, Inc., Daniel A. DaLuise, Donna L.
DaLuise, Raymond Fritz, and ProGreen Sports Surfaces, LLC.

In November 2013, Bankruptcy Judge Magdeline D. Coleman dismissed
the Involuntary Petition.  She ruled that Mr. Dawson was not
motivated by a proper bankruptcy purpose.  The record before the
Court demonstrates that Mr. Dawson effectuated the filing of the
Involuntary Petition in furtherance of his pre-existing scheme to
frustrate the prosecution of a pending arbitration proceeding as
well as to force Forever Green to pay Mr. Dawson's claim ahead of
Forever Green's other creditors.

District Judge Stewart Dalzell affirmed a Bankruptcy Court decision
dismissing an involuntary petition against Forever Green Athletic
Fields, Inc., based solely on that Court's finding that a
petitioning creditor impermissibly used the involuntary petition
as a litigation tactic and thus acted in bad faith.  The District
Court case was FOREVER GREEN ATHLETIC FIELDS, INC., Putative
Debtor/Appellee v. CHARLES DAWSON, KELLY DAWSON and COHEN SEGLIAS
PALLAS GREENHALL & FURMAN, Petitioning Creditors/Appellants, Civil
Action No. 14-641 (E.D. Pa.).

Forever Green is represented by:

         Aris J. Karalis, Esq.
         Robert W. Seitzer, Esq.
         MASCHMEYER KARALIS, P.C.
         1900 Spruce St
         Philadelphia, PA 19103
         Tel:(215) 546-4500
         E-mail: AKaralis@cmklaw.com
                 RSeitzer@cmklaw.com

The petitioning creditors are represented by:

         Leslie J. Rase, Esq.
         Steven K. Eisenberg, Esq.
         STERN & EISENBERG PC
         1581 Main Street, Suite 200
         Warrington, PA 18976
         Tel: (215) 572-8111
         E-mail: lrase@sterneisenberg.com
                 seisenberg@sterneisenberg.com

Robert H. Holber, the Chapter 7 Trustee, is represented by his own
firm:

         Robert H. Holber, Esq.
         THE LAW OFFICE OF ROBERT H. HOLBER PC
         41 E Front St
         Media, PA 19063
         Tel: (610) 565-5463



FORTY ACRE: Ex-Counsel's Bid to Withdraw Reference Denied
---------------------------------------------------------
Judge Susie Morgan of the United States District Court for the
Eastern District of Louisiana denied the Motion to Withdraw the
Reference filed by Defendants Randall M. Alfred and Randall M.
Alfred, APLC.

On January 11, 2011, Forty Acre Corporation filed a Chapter 11 case
in the United States Bankruptcy Court for the Eastern District of
Louisiana. Randall M. Alfred, the Defendant in the present
adversarial matter, served as counsel to Forty Acre both before and
during the bankruptcy proceedings. Steve Queyrouze, the Plaintiff,
serves as the plan trustee in Forty Acre's bankruptcy proceedings.

On October 2, 2014, Queyrouze filed a Complaint against Alfred and
his law firm, arguing among others that Alfred negligently
represented Forty Acre both prior to and during its bankruptcy. It
is this Complaint that Defendants argued should be withdrawn from
the bankruptcy court and decided by the district court.

The case is captioned IN RE: QUEYROUZE, ET AL., SECTION: "E" (2),
CIVIL ACTION NO. 14-2715(E.D. La.).

A full-text copy of Judge Morgan's Order and Reasons dated
September 15, 2015, is available at http://is.gd/LyhKoMfrom
Leagle.com.

Steve Queyrouze, Plaintiff, represented by:

         Scott David Webre, Esq.
         WEBRE & ASSOCIATES
         2901 Johnston St., Suite 307
         Lafayette, LA 70503
         Phone: (337)237-051
         Fax: (337)¬237-5061

Defendants are represented by William Everard Wright, Jr., Esq. --
wwright@dkslaw.com -- DEUTSCH, KERRIGAN & STILES, LLP & Charlotte
Collins Meade, Esq. -- cmeade@dkslaw.com -- DEUTSCH, KERRIGAN &
STILES, LLP.

                         About Forty Acre

Forty Acre Corporation, based in Houma, Louisiana, filed for
Chapter 11 bankruptcy (Bankr. E.D. La. Case No. 11-10074) on Jan.
January 11, 2011.  Bankruptcy Judge Elizabeth W. Magner presides
over the case.  Randall M. Alfred, Esq. -- rmaaplc@bellsouth.net -
- served as the Debtor's counsel.  In its petition, Forty Acre
estimated $1 million to $10 million in both assets and
liabilities.  The petition was signed by Mike LeBlanc, president.

The order confirming Forty Acre's plan directed the Debtor to
transfer certain assets, including the Terrebonne Parish land and
Forty Acre's causes of action, to The Forty Acre Corporation Plan
Trust.


FRESH & EASY: To Shut Down Stores
---------------------------------
Stephanie Gleason, writing for Dow Jones' Daily Bankruptcy Review,
reported that just two years since it was purchased out of
bankruptcy, grocery chain Fresh & Easy Neighborhood Market Inc.
can't find the financing it needs to keep its doors open and is
shutting down.

According to the report, the company confirmed on Oct. 22 that it
could no longer fund its business, but added that "as we start the
process for an organized wind-down of the business, we continue to
work to sell all or part of the business."

The Troubled Company Reporter, on Oct. 19, 2015, citing Bloomberg
News, reported that Fresh & Easy, the former Tesco Plc-owned
grocery chain that billionaire Ron Burkle bought in 2013, is
preparing its second bankruptcy filing.  According to the Bloomberg
report, citing people familiar with the matter, the supermarket
company could still find a buyer for all or part of the chain, a
move that may forestall a filing.

                       About Fresh & Easy

Fresh & Easy Neighborhood Market Inc., and its affiliate filed
Chapter 11 petitions (Bankr. D. Del. Case Nos. 13-12569 and
13-12570) on Sept. 30, 2013.  The petitions were signed by James
Dibbo, chief financial officer.  Judge Kevin J. Carey presides
over the case.

Fresh & Easy owes $738 million to Cheshunt, England-based Tesco,
the U.K.'s biggest retailer. Fresh & Easy never made a profit and
lost an average of $22 million a month in the 12 months ended in
February, according to court papers.

Jones Day serves as lead bankruptcy counsel.  Richards, Layton &
Finger, P.A., serves as local Delaware counsel.  Alvarez & Marsal
North America, LLC, serves as financial advisors, and Alvarez &
Marsal Securities, LLC, serves as investment banker.  Prime Clerk
LLC acts as the Debtors' claims and noticing agent.  Gordon
Brothers Group, LLC, and Tiger Capital Group, LLC, serves as the
Debtors' consultant. The Debtors estimated assets of at least $100
million and liabilities of at least $500 million.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed five
creditors to serve in the Official Committee of Unsecured
Creditors in the Chapter 11 cases of Fresh & Easy Neighborhood
Market Inc., et al.  Pachulski Stang Ziehl & Jones LLP serves as
counsel to the Committee. FTI Consulting, Inc. serves as its
financial advisor.

The Debtors closed, on or about Nov. 26, 2013, the sale of about
150 supermarkets plus a production facility in Riverside,
California, to Ron Buckle's Yucaipa Cos.  Pursuant to the sale
terms, the bankruptcy company changed its name, and the name of
the case, to Old FENM Inc.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware on July 2, 2014, issued an order confirming Old FENM,
Inc., et al.'s second amended joint Chapter 11 plan of
reorganization.


GEOMET INC: Largest Pref. Stock Holder OKs Company Dissolution
--------------------------------------------------------------
Concurrently with the preparation of the preliminary proxy
statement, filed with the Securities and Exchange Commission on
Oct. 16, 2015, GeoMet, Inc. and Sherwood Energy, LLC, the holder of
a majority of the Company's Series A Convertible Redeemable
Preferred Stock, par value $0.001 per share, and approximately
33.9% of the Company's common stock, par value $0.001 per share, on
an as converted basis, entered into a voting agreement.  

Pursuant to the Voting Agreement, subject to certain exceptions,
Sherwood has agreed to vote its shares of Preferred Stock in favor
of:

    (i) the amendment and restatement of the Certificate of
        Designations of the Company's Preferred Stock, to (w)
        require that 6% of all net distributable assets to be paid

        or distributed in a dissolution of the Company be paid to
        the holders of the Company's Common Stock, (x) delete a
        provision in the Certificate of Designations permitting
        the Company to repurchase up to $5.0 million in Common
        Stock without the consent of the holders of Preferred
        Stock, (y) make certain non-substantive and corrective
        changes and (z) integrate any prior amendments thereto;

   (ii) the dissolution of the Company pursuant to a Plan of
        Dissolution and Liquidation; and

  (iii) the approval of any proposal to adjourn or postpone a
        meeting of GeoMet stockholders to consider the COD
        Amendment and the Plan of Dissolution and the Company's
        dissolution to a later date if there are not sufficient
        votes for adoption of the proposals on the date on which
        such meeting is held.

The Voting Agreement provides that, except as provided under the
Voting Agreement, Sherwood will not (nor permit any person under
Sherwood's control to), directly or indirectly:

     * grant any proxies or powers of attorney with respect to the

       right to vote, rights of first offer or refusal, or enter
       into any voting trust or voting agreement or arrangement,
       with respect to any of Sherwood’s shares of the Common
       Stock or Preferred Stock;

     * sell, assign, transfer, tender, pledge, encumber, grant a
       participation interest in, hypothecate or otherwise dispose
       of (including by gift) any of Sherwood's shares of Common
       Stock or Preferred Stock; or

     * enter into any contract providing, directly or indirectly,
       for any action described in the immediately preceding
       bullet.

The Voting Agreement terminates automatically upon the earliest to
occur of (i) the consummation of the COD Amendment and the Plan of
Dissolution and the dissolution of the Company, (ii) the Company's
abandonment of the COD Amendment and the Plan of Dissolution and
the dissolution of the Company and (iii) Dec. 31, 2015.

Concurrently with the execution and delivery of the Voting
Agreement on Oct. 16, 2015, Sherwood in its capacity as the
beneficial and record holder of at least 50% of the outstanding
shares of Preferred Stock approved an amendment to the Company's
current bylaws, which designates the state courts of the State of
Delaware or, if no state court located within the State of Delaware
has jurisdiction, the federal district court for the District of
Delaware, as the sole and exclusive forum for: (i) any derivative
action or proceeding brought on behalf of GeoMet, (ii) any action
asserting a claim of breach of a fiduciary duty owed by any
director, officer or other employee of GeoMet to GeoMet or GeoMet's
stockholders, creditors or other constituents, (iii) any action
asserting a claim against GeoMet arising pursuant to any provision
of the General Corporation Law of the State of Delaware, GeoMet's
current certificate of incorporation or the Bylaws, or (iv) any
action asserting a claim against GeoMet or any director or officer
or other employee of GeoMet governed by the internal affairs
doctrine.

On Oct. 16, 2015, subject to obtaining those approvals, the Board
of Directors of the Company approved the Bylaws Amendment and
amended and restated the Bylaws to include the Bylaws Amendment.
The Third Amended and Restated Bylaws are effective as of Oct. 16,
2015.

                          About Geomet Inc.

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

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

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


GLACIAL ENERGY: Units End Chapter 11 Cases After Asset Sales
------------------------------------------------------------
Jeff Zalesin at Bankruptcy Law360 reported that eight units of
electricity and natural gas provider Glacial Energy ended their
Chapter 11 cases on Oct. 16, 2015, after a Delaware bankruptcy
judge signed off on an unopposed request to dismiss those
affiliates because almost all of their assets had been sold.

U.S. Bankruptcy Judge Christopher S. Sontchi approved the dismissal
of Glacial affiliates including Glacial Energy of New York and
Negawatt Business Solutions, leaving proceedings open for related
entities.  Glacial had asked in September to close some bankruptcy
cases with the consent of Agera Energy LLC.

                    About Gridway Energy

Gridway Energy Holdings, Inc., and its affiliates, including
Glacial Energy Holdings -- providers of electricity and natural
gas in markets that have been restructured to permit retail
competition -- sought Chapter 11 bankruptcy protection (Bankr. D.
Del. Lead Case No. 14-10833) on April 10, 2014.

The Debtors have 200,000 electric residential customers and 55,000
gash residential customers across the U.S.  A large portion of the
customers' energy consumption and revenue is generated in the
northeast U.S., Ohio, Illinois and Texas (collectively accounting
for 80% of revenue), with the remaining portion coming from
California and other states.

The Debtors blamed the bankruptcy due to lower revenue brought by
increased market competition, which caused the Debtors to default
on certain of their obligations.  Gridway defaulted on $60 million
of debt.

Prepetition, the Debtors negotiated a stock purchase transaction
with an interested buyer.  But in March 2014, the purchaser
withdrew from the transaction because of the large amount of debt
that the purchaser would become liable through a stock
transaction.

The Debtors are represented by Michael R. Nestor, Esq., Joseph M.
Barry, Esq., and Donald J. Bowman, Jr., Esq., at Young Conaway
Stargatt & Taylor, LLP; and Alan M. Noskow, Esq., and Mark A.
Salzberg, Esq., at Patton Boggs LLP.  They employed Omni
Management Group, LLC, as claims and notice agent.

Gridway Energy estimated assets of $500 million to $1 billion and
debt of more than $1 billion.

The Creditors' Committee is represented by Sharon Levine, Esq.,
and Philip J. Gross, Esq., at Lowenstein Sandler LLP; and
Frederick B. Rosner, Esq., and Julia B. Klein, Esq., at The Rosner
Law Group LLC.

Vantage is represented in the case by Ingrid Bagby, Esq., David E.
Kronenberg, Esq., Kenneth Irvin, Esq., and Karen Dewis, Esq., at
Cadwalader, Wickersham & Taft LLP, and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A.


GREAT ATLANTIC: Best Yet Market Offers $8.54-Mil. for NY Assets
---------------------------------------------------------------
An affiliate of Great Atlantic & Pacific Tea Company Inc. has
entered into four separate agreements with Best Yet Market Inc. for
the sale of its assets.

Under the agreements, Best Yet Market will purchase A&P Real
Property LLC's assets for a total amount of $8.535 million.  The
assets include leases on four A&P stores located in Commack, East
Rockaway, Merrick and Westhampton Beach, in New York.

Best Yet Market won the auction for the assets conducted earlier
this month, court filings show.  

The agreements are subject to approval by U.S. Bankruptcy Judge
Robert Drain who oversees A&P's Chapter 11 case.

Labor union UFCW Local 342 and the local community of Westhampton
Beach had opposed the proposed sale of A&P's assets to Best Yet
Market.  Both had expressed concern over the buyer's plan to
terminate workers at the Westhampton Beach store once the sale is
approved.  

                    About Atlantic & Pacific

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

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

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

The Debtor disclosed total assets of $601,441,108 and total
liabilities of $1,984,459,086 as of the Petition Date.

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

The U.S. Trustee for Region 2 appointed seven creditors to serve on
the official committee of unsecured creditors.  Pachulski Stang
Ziehl & Jones LLP serves as its counsel, and Zolfo Cooper, LLC as
serves as its financial advisors and bankruptcy consultants.

Elise S. Frejka was appointed as consumer privacy ombudsman.


GREEN MOUNTAIN: Morris Manning Withdraws as Counsel for Dan Cowart
------------------------------------------------------------------
Morris, Manning & Martin, LLP, notified the U.S. Bankruptcy Court
for the Northern District of Georgia that it has withdrawn as
counsel of record for Dan Cowart Companies and Green Mountain
Aggregates, LLC.

                        About Green Mountain

Green Mountain Management, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Ga. Case No. 14-64287) on July 25, 2014. The
petition was signed by Daniel B. Cowart, sole member of Georgia
Flattop Partners, LLC, and chairman of Green Mountain Management,
LLC. The Debtor estimated $10 million to $50 million in assets and
debt.  Georgia Flattop Partners, LLC is the managing member and
holders of 93% of the stock.

The case is assigned to Judge Barbara Ellis-Monro.

No official committee of unsecured creditors has been appointed,
and UMB Bank, n.a.'s request for the appointment of a trustee was
resolved consensually pursuant to this Court's order entered on
Nov. 20, 2014.

On May 29, 2015, the Debtor filed an application to employ Nelson
Mullins Riley & Scarborough LLP as its bankruptcy counsel.  

The filing came after the Debtor notified Alston & Bird LLP that
Green Mountain Aggregates LLC, Dan Cowart, Dan Cowart Inc. and the
Debtor intended to pursue claims against the law firm.

Alston & Bird was hired by the Debtor in 2014 to be its bankruptcy
counsel.  On June 1, 2015, the firm withdrew as its counsel.  On
June 2, 2015, Judge Ellis-Monro authorized the Debtor to hire
Atlanta-based Nelson Mullins to be its new bankruptcy counsel.

The Court established Oct. 9, 2015, as the deadline for file proofs
of claim against the Debtors.


GREYSTONE LOGISTICS: Incurs $91K Net Loss in Aug. 31 Quarter
------------------------------------------------------------
Greystone Logistics, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of $91,315 on $5.56 million of
sales for the three months ended Aug. 31, 2015, compared to net
income available to common stockholders of $214,498 on $6.06
million of sales for the same period last year.

As of Aug. 31, 2015, the Company had $15.39 million in total
assets, $16.59 million in total liabilities and a $1.20 million
total deficit.

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

                          http://is.gd/fo5g45

                        About Greystone Logistics

Tulsa, Okla.-based Greystone Logistics, Inc. (OTC BB: GLGI.OB -
News) -- http://www.greystonelogistics.com/-- manufactures and
sells plastic pallets through its wholly owned subsidiary,
Greystone Manufacturing, LLC.  Greystone sells its pallets through
direct sales and a network of independent contractor distributors.
Greystone also sells its pallets and pallet leasing services to
certain large customers direct through its President, Senior Vice
President of Sales and Marketing and other employees.


GRIFFIN SIGN: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Griffin Sign, Inc.
        484 North Randolph Ave
        Cinnaminson, NJ 08077

Case No.: 15-29780

Chapter 11 Petition Date: October 21, 2015

Court: United States Bankruptcy Court
       District of New Jersey (Camden)

Judge: Hon. Jerrold N. Poslusny Jr.

Debtor's Counsel: John E. Kaskey, Esq.
                  BRAVERMAN KASKEY P.C.
                  One Liberty Place, 56th Floor
                  1650 Market Street
                  Philadelphia, PA 19103-7334
                  Tel: (215) 575-3910
                  Fax: (215) 575-3801
                  Email: jkaskey@braverlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

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


GT ADVANCED: To Exit Hyperion Business, Sells Assets
----------------------------------------------------
GT Advanced Technologies Inc. and its affiliated debtors ask the
United States Bankruptcy Court for the District of New Hampshire to
authorize Debtor GTAT Corp. to sell certain of its assets to
Neutron Therapeutics Inc. for $1.1 million, free and clear of all
liens and encumbrances.

GTAT Corp. has decided to exit the ion accelerator business (a/k/a
the Hyperion business), making assets related to that business
non-essential to GTAT Corp.'s reorganization.  Selling
non-essential assets raises additional liquidity and eliminates the
incremental cost of continuing these operations into the future,
the Debtors tell the Court.  The Purchased Assets will require
significant capital investment and time before they can be
commercialized for a profit.  At this time, the Purchased Assets no
longer fit into the Debtors' business plan going forward and thus
the Debtors have determined that the best way to maximize their
value is to complete the sale of those assets on the terms set
forth in the Asset Purchase Agreement.  Moreover, by selling the
Purchased Assets, the Debtors will save the operating costs
associated with the Hyperion business, including payroll expense
for seventeen employees and more than $250,000 of annual rent at
the Danvers, Massachusetts facility where the Hyperion operations
are located.  The purchased assets should be sold free and clear of
interests.  The Debtors are not aware of any other liens or other
interests in the Purchased Assets.

Twin Creeks Technologies, Inc., as assignee of a royalty payment
agreement, objected, contending that the Debtors have not presented
to the Court, and there does not appear to be, any relevant,
applicable non-bankruptcy law which would permit the proposed sale
under Section 363(f)(1) of the Bankruptcy Code, free and clear of
TCTI's royalty interest.  TCTI does not consent to the sale to the
extent it is free and clear of its royalty interest.

The Ad Hoc Committee of Equity Interest Holders filed object to the
motion, stating that although the Debtors allege they contacted
numerous parties in soliciting offers to purchase the Hyperion
Assets, the Ad Hoc Committee has discovered that the Debtors'
marketing efforts were not as robust as they seem.

Alta Vista Corporate Finance Beratung GmbH, Frankfurt, would be
prepared to make a non-binding bid in the amount of $1,210,000,
therefore, an auction should be scheduled to obtain the highest and
best price for the assets, the Ad Hoc Committee told the Court.
The sale is essentially an insider sale, the Ad Hoc Committee
complained.  Much like the rest of the Debtors' cases, the Hyperion
Asset sale no doubt benefits Apple, Inc., the Ad Hoc Committee
said.

GT Advanced Technologies Inc., et al. are represented by:

          Luc A. Despins, Esq.
          Andrew V. Tenzer, Esq.
          James T. Grogan, Esq.
          PAUL HASTINGS LLP
          Park Avenue Tower
          75 East 55th Street, First Floor
          New York, NY 10022
          Tel: (212) 318-6000
          Fax: (212) 319-4090
          Email: lucdespins@paulhastings.com
                 andrewtenzer@paulhastings.com
                 jamesgrogan@paulhastings.com

                    - and -

          Daniel W. Sklar, Esq.
          Holly J. Barcroft, Esq.
          NIXON PEABODY LLP
          900 Elm Street
          Manchester, NH 03101-2031
          Tel: (603) 628-4000
          Fax: (603) 628-4040
          Email: dsklar@nixonpeabody.com
                 hbarcroft@nixonpeabody.com

Twin Creeks Technologies, Inc. is represented by:

          David W. Rayment, Esq.
          CLEVELAND, WATERS AND BASS, P.A.
          2 Capital Plaza
          P.O. Box 1137
          Concord, NH 03302-1137
          Tel: (603) 224-7761
          Fax: (603) 224-6457
          Email: raymentd@cwbpa.com

                   - and -

          Donald H. Cram, Esq.
          SEVERSON & WERSON
          A Professional Corporation
          One Embarcadero Center, Suite 2600
          San Francisco, CA 94111
         Tel: (415) 398-3344
         Fax: (415) 956-0439
         Email: dhc@severson.com

Ad Hoc Committee is represented by:

          Peter B. McGlynn, Esq.
          Jason A. Manekas, Esq.
          BERNKOPF GOODMAN LLP
          2 Seaport Lane, 9th Floor
          Boston, MA 02210
          Tel: (617) 790-3000
          Fax: (617) 790-3300
          Email: jmanekas@bg-llp.com
                 pmcglynn@bg-llp.com

                 - and -

          David Barrack, Esq.
          POLSINELLI PC
          900 Third Avenue, 21st Floor
          New York, NY 10022
          Tel: (212) 684-0199
          Fax: (212) 684-0197
          Email: dbarrack@polsinelli.com

                - and -

          Christopher A. Ward, Esq.
          POLSINELLI PC
          222 Delaware Avenue, Suite 1101
          Wilmington, DE 19801
          Tel: (302) 252-0920
          Fax: (302) 252-0921
          Email: cward@polsinelli.com

                     About GT Advanced

Headquartered in Merrimack, New Hampshire, GT Advanced Technologies
Inc. -- http://www.gtat.com/-- produces materials and equipment
for the electronics industry.  On Nov. 4, 2013, GTAT announced a
multiyear supply deal with Apple Inc. to produce sapphire glass
material for use in consumer electronics products.

Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

GT is a publicly held corporation whose stock was traded on NASDAQ
under the ticker symbol "GTAT."  GTAT was de-listed from the NASDAQ
stock exchange in October 2014.

As of June 28, 2014, the GTAT Group's unaudited and consolidated
financial statements reflected assets totaling $1.5 billion and
liabilities totaling $1.3 billion.  As of Sept. 29, 2014, GTAT had
$85 million in cash, $84 million of which is unencumbered.

On Oct. 6, 2014, GT Advanced Technologies and eight affiliates
filed voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D.N.H. Lead Case No.4-11916). GT
says that it has sought bankruptcy protection due to a severe
liquidity crisis brought about by its issues with Apple.

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

GTAT has reached a settlement with Apple.  The settlement gives
Apple an approved claim for $439 million secured by more than 2,000
sapphire furnaces that GT Advanced owns and has four years to sell,
with proceeds going to Apple.  In addition, Apple gets
royalty-free, non-exclusive licenses for GTAT's technology.

The bankruptcy case is assigned to Judge Henry J. Boroff.


HAGGEN HOLDINGS: $92M Bankruptcy Auction Plan Gets Green Light
--------------------------------------------------------------
Matt Chiappardi at Bankruptcy Law360 reported that a Delaware
bankruptcy judge on Oct. 18, 2015, gave the nod to Washington
state-based grocer Haggen Inc. for its plan to sell nearly three
dozen California locations in a complex process that includes two
stalking horse bids totaling $92 million and a potential auction in
which suitors can bid on any number of stores.

During a hearing in Wilmington, U.S. Bankruptcy Judge Kevin Gross
said that he would sign a bid procedures order for the sale process
connected to 35 Haggen Holdings LLC stores in California.

In a separate report, Kali Hays at Bankruptcy Law360 reported that
Haggen has gotten pushback on a proposed $56 million sale of some
closed stores to Smart & Final as part of its bankruptcy
proceedings from a workers union claiming the deal violates certain
local collective bargaining agreements.

The United Food and Commercial Workers International Union
represents about 80 percent of Haggen Holdings LLC's workforce --
totaling about 8,700 employees.

                      About Haggen Holdings

Headquartered in Bellingham, Washington, Haggen was founded in 1933
as a single grocery store.  From 1933 to 2014, Haggen grew into a
30 store family-run grocery chain, with stores located in the
northwestern United States.  From 2011 to 2014, Haggen reduced its
store base to 18, including a stand-alone pharmacy location.
Haggen rapidly expanded in 2014 and 2015, and, as of the Petition
Date, Haggen owned and operated 164 stores through three operating
companies: Haggen, Inc., Haggen Opco North, LLC and Haggen Opco
South, LLC.

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, with the intention of reorganizing, or
selling as a going concern, their stores for the benefit of their
creditors.

The petitions were signed by Blake Barnett, the chief financial
officer.

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

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.



HII TECHNOLOGIES: Court Approves Garden City as Notice Agent
------------------------------------------------------------
HII Technologies, Inc. sought and obtained permission from the Hon.
David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas to employ Garden City Group as notice and
solicitation agent.

The Debtor requires Garden City to:

   (a) prepare and serve required notices and documents in the
       Chapter 11 Cases in accordance with the Bankruptcy Code and

       the Federal Rules of Bankruptcy Procedures in the form and
       manner directed by the Debtors and/or the Court;

   (b) maintain (i) a list of all potential creditors, equity
       holders and other parties in interest, including those who
       have filed proofs of claims or proofs of interest, and (ii)

       a "core" mailing list consisting of all parties described
       in Bankruptcy Rule 2002(i), (j) and (k) and those parties
       that have filed a notice of appearance pursuant to
       Bankruptcy Rule 9010, and update and make said lists
       available upon request by a party in interest or the Clerk;

   (c) maintain a post office box or address for the purpose of
       receiving returned mail, and process all mail received;

   (d) for all notices, motions, orders or other pleadings or
       documents served, prepare and file, or cause to be filed,
       with the Clerk an affidavit or certificate of service
       within 7 business days of service;

   (e) assist in the dissemination of information to the public,
       and respond to requests for administrative information
       regarding the Chapter 11 Cases as directed by the Debtors
       or the Court, including through the use of a case website
       and/or call center;

   (f) if the Chapter 11 Cases are converted to chapter 7, contact

       the Clerk's office within 3 days of the notice to the
       Notice and Solicitation Agent of entry of the order
       converting the Chapter 11 Cases;

   (g) 30 days prior to the close of these Chapter 11 Cases, to
       the extent practicable, request that the Debtors submit to
       the Court a proposed order dismissing the Notice and
       Solicitation Agent and terminating the services of the
       Notice and Solicitation Agent upon completion of its duties

       and responsibilities and upon the closing of these Chapter
       11 Cases;

   (h) at the close of these Chapter 11 Cases, box and transport
       all original documents, in proper format, as provided by
       the Clerk's office, to (i) the Federal Archives Record
       Administration, located at Central Plains Region, 200 Space

       Center Drive, Lee's Summit, MO 64064-1182 or (ii) any other
       location requested by the Clerk's office;

   (i) provide balloting and solicitation service, including
       producing personalized ballots and tabulating creditor
       ballots on a daily basis;

   (j) comply with applicable federal, state, municipal, and local

       statutes, ordinances, rules, regulations, orders and other
       requirements;

   (k) provide temporary employees to process notices as
       necessary;

   (l) promptly comply with such further conditions and
       requirements as the Clerk's Office or the Court may at any
       time request; and

   (m) provide such other related noticing and solicitation
       services as the Debtors may require in connection with
       these Chapter 11 Cases.

Garden City will be paid at these hourly rates:

       Administrative, Mailroom and
       Claims Control                    $45-$55
       Project Administrators            $70-$85
       Project Supervisors               $95-$110
       Graphic Support &
       Technology Staff                  $100-$200
       Project Managers and
       Senior Project Managers           $125-$175
       Directors and
       Asst. Vice Presidents             $200-$295
       Vice Presidents and above         $295

Garden City will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Ronda Collum, senior director of Operations at Garden City, 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.

Garden City can be reached at:

       Ronda Collum
       Garden City Group
       1985 Marcus Ave
       Lake Success, NY 11042
       Tel: (631) 470-6837
       E-mail: ronda.collum@gardencitygroup.com

                       About HII Technologies

HII Technologies, Inc., Apache Energy Services, LLC, Aqua Handling
of Texas, LLC, Hamilton Investment Group, Inc., and Sage Power
Solutions, Inc., filed Chapter 11 bankruptcy petitions (Bankr. S.D.
Tex. proposed lead case No. 15-60070) on Sept. 18, 2015.  Judge
David R Jones is assigned to the cases.

HII Technologies (HIITQ) is a publicly-traded oilfield services
company which entered the hydraulic fracturing water management
business via acquisition of Apache Energy Services dba AES Water
Solutions in September 2012.

HII Technologies currently has only one employee, its CEO, Matt
Flemming.

HII Technologies reported assets of $17.6 million and liabilities
of $26.5 million as of July 31, 2015.

The Debtors tapped McKool Smith P.C. as counsel, and Stout Risius
Ross, Inc. for management and restructuring services.


HII TECHNOLOGIES: Hilco Industrial Okayed as Auctioneer
-------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas
authorized HII Technologies, Inc., et al., to employ Hilco
Industrial, LLC, as auctioneer for certain assets.

The Debtors are authorized to enter into the asset marketing
agreement.  Hilco will be compensated for its services, and while
the Hilco expenses are not reimbursable, the Company expenses
will be administrative expenses.

Under the AMA, Hilco will expend an estimated $40,000 on marketing
the assets and promoting their auction.  Specifically, Hilco will:

   (i) develop an advertising and marketing plan for the sale of
the assets;

  (ii) implement the advertising and marketing plan as deemed
necessary or appropriate by Hilco to maximize the net recovery on
the assets; and

(iii) prepare for the sale of the assets, including gathering
specifications and photographs for pictorial brochures and
arranging the assets in a manner, which in Hilco's judgment would
be designed to enhance the net recovery on the assets.

Under the fee structure, Hilco will be entitled to charge and
retain for its own account an industry-standard buyer's premium of
18% for any of the assets that are sold.  The buyer's premium is a
fee charged in addition to the sale price and is paid by the
buyer.

Hilco will be responsible for any out-of-pocket expenses related to
advertising, promotion and sales costs, lodging, travel, and labor
associated with project management.  Hilco will advance and will be
entitled to reimbursement for out-of-pocket expenses related to
anything other than the Hilco expenses.

                      About HII Technologies

HII Technologies, Inc., Apache Energy Services, LLC, Aqua Handling
of Texas, LLC, Hamilton Investment Group, Inc., and Sage Power
Solutions, Inc., filed Chapter 11 bankruptcy petitions (Bankr. S.D.
Tex. proposed lead case No. 15-60070) on Sept. 18, 2015.  Judge
David R Jones is assigned to the cases.

HII Technologies (HIITQ) is a publicly-traded oilfield services
company which entered the hydraulic fracturing water management
business via acquisition of Apache Energy Services dba AES Water
Solutions in September 2012.

HII Technologies currently has only one employee, its CEO, Matt
Flemming.

HII Technologies reported assets of $17.6 million and liabilities
of $26.5 million as of July 31, 2015.

The Debtors tapped McKool Smith P.C. as counsel, and Stout Risius
Ross, Inc. for management and restructuring services.


HII TECHNOLOGIES: Landlords Directed to Allow Access to Premises
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas, in
aid of administration of the Chapter 11 case of HII Technologies,
Inc., ordered that:

   (1) Each landlord of the Debtors will permit access to their
yards to the Debtors and their representatives to inventory
equipment and otherwise inspect the premises.  If a landlord
believes that the Debtors should not be able to remove their
property from the leased premises, the landlord will file a
pleading with the Court within 14 days of receiving a copy of the
order setting forth the specific legal reasons that the Debtors
must not be able to remove their property.  The failure to file the
foregoing pleading will be deemed a consent to the Debtor removal
of their property.

   (2) The continued retention of estate property is a violation of
the automatic stay.  All persons in possession of the Debtors'
records (paper or electronic), equipment, computers, vehicles and
other personal property will immediately return the property to the
Debtors' closest office.

Loretta R. Cross, chief restructuring officer, during testimony
provided at the Debtors' first day hearings, testified that the
Debtors have been locked out of several of their equipment yards.
Ms. Cross further testified that the Debtors' equipment is still in
the possession of former employees and management.

                      About HII Technologies

HII Technologies, Inc., Apache Energy Services, LLC, Aqua Handling
of Texas, LLC, Hamilton Investment Group, Inc., and Sage Power
Solutions, Inc., filed Chapter 11 bankruptcy petitions (Bankr. S.D.
Tex. proposed lead case No. 15-60070) on Sept. 18, 2015.  Judge
David R Jones is assigned to the cases.

HII Technologies (HIITQ) is a publicly-traded oilfield services
company which entered the hydraulic fracturing water management
business via acquisition of Apache Energy Services dba AES Water
Solutions in September 2012.

HII Technologies currently has only one employee, its CEO, Matt
Flemming.

HII Technologies reported assets of $17.6 million and liabilities
of $26.5 million as of July 31, 2015.  The Debtor, in its
schedules, disclosed total assets of $4,146,195 and total
liabilities of $18,865,287.

The Debtors tapped McKool Smith P.C. as counsel, and Stout Risius
Ross, Inc. for management and restructuring services.


HII TECHNOLOGIES: Lists $4.1MM in Assets, $18.8MM in Debts
----------------------------------------------------------
HII Technologies, Inc., filed with the U.S. Bankruptcy Court for
the Southern District of Texas its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property            $4,146,195
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $14,654,006
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $14,194
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                        $4,197,087
                                 -----------      -----------
        Total                     $4,146,195      $18,865,287

A copy of the schedules is available for free at

       http://bankrupt.com/misc/HIITECHNOLOGIES_96_sal.pdf

                      About HII Technologies

HII Technologies, Inc., Apache Energy Services, LLC, Aqua Handling
of Texas, LLC, Hamilton Investment Group, Inc., and Sage Power
Solutions, Inc., filed Chapter 11 bankruptcy petitions (Bankr. S.D.
Tex. proposed lead case No. 15-60070) on Sept. 18, 2015.  Judge
David R Jones is assigned to the cases.

HII Technologies (HIITQ) is a publicly-traded oilfield services
company which entered the hydraulic fracturing water management
business via acquisition of Apache Energy Services dba AES Water
Solutions in September 2012.

HII Technologies currently has only one employee, its CEO, Matt
Flemming.

The Debtors tapped McKool Smith P.C. as counsel, and Stout Risius
Ross, Inc. for management and restructuring services.


HII TECHNOLOGIES: Meeting of Creditors Scheduled for Oct. 27
------------------------------------------------------------
The U.S. Trustee for Region 7 will convene a meeting of creditors
in the Chapter 11 cases of HII Technologies, Inc., et al., on Oct.
27, 2015, at 11:00 a.m.  The meeting will be held at Houston, 515
Rusk Suite 3401.

According to the docket entry, proofs of claims are due by Jan. 25,
2016.

HII Technologies, Inc., Apache Energy Services, LLC, Aqua Handling
of Texas, LLC, Hamilton Investment Group, Inc., and Sage Power
Solutions, Inc., filed Chapter 11 bankruptcy petitions (Bankr. S.D.
Tex. proposed lead case No. 15-60070) on Sept. 18, 2015.  Judge
David R Jones is assigned to the cases.

HII Technologies (HIITQ) is a publicly-traded oilfield services
company which entered the hydraulic fracturing water management
business via acquisition of Apache Energy Services dba AES Water
Solutions in September 2012.

HII Technologies currently has only one employee, its CEO, Matt
Flemming.

HII Technologies reported assets of $17.6 million and liabilities
of $26.5 million as of July 31, 2015.

The Debtors tapped McKool Smith P.C. as counsel, and Stout Risius
Ross, Inc. for management and restructuring services.


HII TECHNOLOGIES: U.S. Trustee Forms Three-Member Committee
-----------------------------------------------------------
Judy A. Robbins, U.S. for Region 7, appointed three persons to
serve in the Official Committee of Unsecured Creditors in the
Chapter 11 cases of HII Technologies, Inc., and its debtor
affiliates.

The Committee members are:

      1. Power Reserve Corp.
         Attn: Keith Paul
         13310 Hempstead Hwy.
         Houston, TX 77040
         Tel: (713) 783-8851
         Fax: (713) 783-4027
         E-Mail: adm@powerreservecorp.com

      2. Bold Production Services, L.L.C.
         Attn: Austin Traweek
         10880 Alcott Drive
         Houston, TX 77043
         Tel: (832) 320-2629
         E-Mail: austin@bps-llc.com

      3. Black Gold Energy, L.L.C.
         Attn: Darryl Roberts
         4117 Benbrook Hwy.
         Fort Worth, TX 76116
         Tel: (817) 738-2886
         Fax: (817) 738-5548
         E-Mail: darrylrroberts@me.com

                      About HII Technologies

HII Technologies, Inc., Apache Energy Services, LLC, Aqua Handling
of Texas, LLC, Hamilton Investment Group, Inc., and Sage Power
Solutions, Inc., filed Chapter 11 bankruptcy petitions (Bankr. S.D.
Tex. proposed lead case No. 15-60070) on Sept. 18, 2015.  Judge
David R Jones is assigned to the cases.

HII Technologies (HIITQ) is a publicly-traded oilfield services
company which entered the hydraulic fracturing water management
business via acquisition of Apache Energy Services dba AES Water
Solutions in September 2012.

HII Technologies currently has only one employee, its CEO, Matt
Flemming.

HII Technologies reported assets of $17.6 million and liabilities
of $26.5 million as of July 31, 2015.

The Debtors tapped McKool Smith P.C. as counsel, and Stout Risius
Ross, Inc. for management and restructuring services.


HUNTER HOSPITALITY: Dorstens' Suit Transferred to Utah Court
------------------------------------------------------------
Judge Beth Bloom of the United States District Court for the
Southern District of Florida, denied Ralph and Mary Lynn Dorsten's
motion to remand their lawsuit against SLF Series G, LLC, et al.

Judge Bloom granted the Defendants' Motions to Dismiss and to
Transfer Venue to the District of Utah for further proceedings.

The Plaintiffs invested in a real estate development project
through SLF Series G, a subsidiary SLF, and its affiliated managers
and members.  The project failed during the real estate downturn
and recession in the late 2000s.  The Plaintiffs allege that SLF
Series G and the entities and persons which operated that entity --
what the Amended Complaint defines as the "Issuer Defendants"
(which include SLF Series G, PWD, SLF, NA-SLF, K-Bro, Zama,
T-Capital Partners, LLC, Lee Brower, Bo Brower, David Sheffield,
Rick Bigelow and Private Consulting Group, Inc. ("PCG")) -- along
with what the Amended Complaint defines as the "Fraudulent
Conveyance Defendants" (which include Workmen's Development Group,
LLC ("Workmen's"), Hillsborough Development, LLC ("Hillsborough"),
and Hunter Hospitality, LLC ("Hunter")), defrauded them in a
variety of ways related to the initial and subsequent investments
in SLF Series G and the eventual sale of the Pompano Property in
which SLF Series G invested.

Several motions were filed on the Amended Complaint of Plaintiffs
Ralph and Mary Lynn Dorsten, et al.: 1) Defendant Bo Brower's
motion to dismiss the Amended Complaint filed for lack of personal
jurisdiction and failure to state a claim; (2) Defendant Westcor
Land Title Insurance Company's motion to strike Plaintiffs' claim
for attorney fees; (3) Defendant Columbia Pacific Income Fund I,
P.L.'s motion to dismiss for failure to state a claim or for a more
definitive statement; (4) Columbia's motion to strike Plaintiffs'
allegations regarding insurance coverage and demand for award of
attorney's fees; (5) Utah Defendants Lee Brower; SLF Series G, LLC;
Pompano Waterway Development, LLC; Secured Lending Fund, LLC;
NA-SLF, LLC; K-Bro Enterprises LLC, and Zama, LLC's motion to
transfer venue, dismiss for failure to state a claim, or for a more
definitive statement; and (6) Plaintiffs' motion to remand this
action to state court.

The case is captioned In the Receivership of HUNTER HOSPITALITY
LLC, a Wyoming Limited Liability Company. RALPH AND MARY LYNN
DORSTEN, et al., Plaintiffs, v. SLF SERIES G, LLC, et al.,
Defendants, Case No. 15-CIV-61235-BLOOM/VALLE (S.D. Fla.).

A full-text copy of Judge Bloom's Order dated September 21, 2015,
is available at http://is.gd/fsXYuwfrom Leagle.com.

Lee Brower, Defendant, represented by Gregory M. Saylin, Esq. --
gsaylin@fabianvancott.com -- FABIAN & CLENDENIN, Kevin N. Anderson,
Esq. -- kanderson@fabianlaw.com -- FABIAN & CLENDENIN & Tyson C.
Horrocks, Esq. -- horrocks@fabianvancott.com -- FABIAN & CLENDENIN.


HUTCHESON MEDICAL: Parties Object to Auction of Medical Center
--------------------------------------------------------------
ABI.org reported that the U.S. Trustee's Office and Erlanger Health
System are both raising numerous objections to a plan by bankruptcy
trustee Ronald Glass to auction assets.

ABI.org previously reported that the trustee asked a judge to
authorize the sale of financially ailing Fort Oglethorpe Hospital
at auction.

In a separate report, Chattanoogan.com said that Trustee Ronald
Glass said there would be more value if the hospital is sold as a
going concern (still operating) rather than it having closed due to
mounting debt.

He is proposing that bidders for the hospital and its assets,
including a nursing home and a surgery center, be pre-qualified to
determine that they have the financial ability to make the
acquisition and the ability to operate the facility.

                  About Hutcheson Medical Center

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

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

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

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

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

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

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


HYCROFT MINING: Completes Restructuring, Exits Chapter 11 Process
-----------------------------------------------------------------
Hycroft Mining Corporation disclosed that, effective October 22,
2015, it has completed its financial restructuring process and has
emerged from Chapter 11.  On October 8, 2015, with the support of
the Company's debt holders and creditors, the Company's Plan of
Reorganization was approved by the United States Bankruptcy Court
for the District of Delaware.

Highlights of the Plan include:

  -- As a result of the financial restructuring, Hycroft Mining has
eliminated approximately $447.7 million of debt and related
interest payments from its balance sheet.

  -- The Company closed two financings: a $126.7 million First Lien
Term Loan Credit Agreement; and $95 million of Second Lien
Convertible Notes.

  -- The Credit Agreement proceeds were used to repay the Company's
outstanding loan obligations related to its revolving credit
agreement and the amounts owed under the Company's diesel and
cross-currency swap arrangements.

  -- The proceeds from the issuance of the Convertible Notes were
used to  pay back the Company's debtor in possession financing
facility and certain other payments required under the Company's
Plan.  The remaining proceeds after such payments will be used for
ongoing corporate needs.

  -- As detailed in the Plan, the Company's existing unsecured
notes and general unsecured claims have been canceled and holders
of such claims received equity in the reorganized Company or cash
in amounts negotiated by the major creditor groups.  The Company
has issued 3 million new common shares to its creditors, but does
not plan to list the new common shares for public trading at this
time or to remain as a reporting company with the United States
Securities and Exchange Commission.

  -- Previous equity shareholders of the Company will receive
warrants with a 7-year term that represent 17.5% of the outstanding
new common shares.

  -- A new Board has been put in place with strong financial and
technical backgrounds.

  -- The strategic direction of the Company continues to be focused
on executing development plans at Hycroft through the operation of
the mill demonstration plant.

"We appreciate the support of our lenders and creditors who have
been instrumental in our achieving a successful emergence from
these Chapter 11 proceedings," commented Randy Buffington,
President and CEO of Hycroft Mining.  "Their commitment to the
future of this Company has been a significant step in our goal of
realizing Hycroft's potential."

Financings

First Lien Term Loan Credit Agreement. The Company entered into the
Credit Agreement for an aggregate amount of $126.7 million. The
Credit Agreement matures March 31, 2017 and bears interest at
either LIBOR plus 5.5% or an Alternate Base Rate Canada, as defined
in the Credit Agreement, plus 4.5%.  The repayment of the
obligations under the Credit Agreement is guaranteed by all of the
direct and indirect domestic subsidiaries of Hycroft Mining.  The
obligations under the Credit Agreement and the guarantees by the
guarantors in respect thereof are secured by liens on substantially
all assets of Hycroft Mining and the guarantors.

Second Lien Convertible Notes. The Company also issued $95.0
million in Convertible Notes pursuant to the Senior Secured
Convertible Notes Indenture.  The Convertible Notes mature in 5
years and bear interest at a rate of 15% per annum, payable in kind
on a quarterly basis.  The repayment of the Convertible Notes is
guaranteed by all of the direct and indirect domestic subsidiaries
of Hycroft Mining.  The obligations under the Convertible Notes and
the guarantees by the guarantors in respect thereof are secured by
liens on substantially all assets of Hycroft Mining and the
guarantors, subject to the priority of the liens that secure the
obligations under the Credit Agreement.  In connection with the
issuance of the Convertible Notes, an Intercreditor Agreement was
entered into by and among the agent under the Credit Agreement and
the trustee under the Indenture.

Name Change

In connection with the Company's restructuring, the Company changed
its corporate name to Hycroft Mining Corporation to emphasize its
focus on the development of the Hycroft gold and silver operation
located near Winnemucca, Nevada.

"Our focus is on producing gold and silver from the current leach
pads and the successful operation of the mill demonstration plant
to illustrate the viability of the feasibility study completed in
2014," commented Randy Buffington, President & CEO of Hycroft
Mining.  "This name change better reflects our overall business
strategy."

Board and Management Team

The new board of directors of the Company consists of Randy
Buffington (Chairman), David Kirsch, Jacob Mercer, Jonathan Segal
and Michael Feehan.  The Management team remains largely the same,
led by Randy Buffington, President and Chief Executive Officer, and
Stephen Jones, Executive Vice President and Chief Financial
Officer.

The Company's legal advisor is Akin Gump Strauss Hauer & Feld LLP;
and its financial and restructuring advisor is Moelis & Company.

Hycroft Mining Corporation is a US-based gold and silver mining
company, which operates its wholly owned Hycroft open pit, gold and
silver mine located near Winnemucca, Nevada.



IAC/INTERACTIVECORP: S&P Lowers CCR to 'BB', Outlook Stable
-----------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its
corporate credit rating on New York City-based IAC/InterActiveCorp.
to 'BB' from 'BB+'.  The rating outlook is stable.

At the same time, S&P lowered its issue-level rating on the
company's unsecured debt to 'BB' from 'BB+' and revised the
recovery rating to '4' from '3'.  The '4' recovery rating indicates
S&P's expectation for average recovery (30%-50%; lower half of the
range) of principal in the event of a payment default.

"The downgrade is based on our expectation that IAC will have
higher consolidated adjusted debt leverage following its plan to
divest up to 20% of its ownership in The Match Group Inc. in an
IPO," said Standard & Poor's credit analyst Andy Liu.  As part of
the IPO, Match will issue incremental debt.  This will result in
higher adjusted consolidated debt leverage of close to 2x at IAC,
which is higher than S&P's threshold of 1.5x for a 'BB+' rating.
Over the next 12 months to two years, S&P expects IAC to maintain
its controlling interest in Match and are, therefore, viewing IAC
on a consolidated basis.  However, over the longer term, S&P
believes that IAC will probably reduce down its ownership interest
in Match.

The 'BB' corporate credit rating on IAC reflects S&P's expectation
for stable operating performance over the next 12-24 months, with
growth at Match offsetting weakness at IAC's search and application
segment.  S&P assess IAC's business risk profile as "fair," based
on the company's good competitive position and profitability.  IAC
has maintained its search market share over the past several years
and benefited from search advertising growth.  However, with search
queries moving toward mobile platforms and Google policy changes
negatively affecting revenues, IAC's search market share will
likely decline.  As the category leader in online dating, Match's
performance has been solid.  S&P expects that this will continue
over the next 12-24 months as Match ramps up monetization at its
Tinder brand.

"The stable rating outlook reflects our expectation that IAC's
operating performance will be largely stable, with growth at Match
offsetting weakness at IAC's search and application segment, and
that the company's consolidated adjusted debt leverage is unlikely
to exceed 3x," said Mr. Liu.

S&P could lower the rating if IAC's adjusted debt leverage exceeds
3x.  This could result from significant operating performance
deterioration or debt-financed share repurchases.  Additionally,
the sell down of IAC's ownership interest in Match to less than 50%
could also result in a downgrade.

S&P views an upgrade as less likely than a downgrade.  An upgrade
would involve a turnaround at IAC's search and application segment,
continued growth at Match, and IAC's commitment to maintain debt
leverage below 1.5x.


ISC8 INC: Suspending Filing of Reports with SEC
-----------------------------------------------
ISC8 Inc. filed a Form 15 with the Securities and Exchange
Commission regarding the termination of registration of its common
stock, $0.01 par value.  As a result of the Form 15 filing, the
Company is not anymore obligated to file periodic reports with
SEC.
  
On Sept. 14, 2015, the United States Bankruptcy Court for the
Central District of California entered an order confirming ISC8
Inc.'s First Amended Plan of Liquidation, dated Aug. 3, 2015.  Upon
confirmation of the Amended Plan of Liquidation, all previously
issued equity securities of ISC8 Inc. were cancelled and
terminated, and ISC8 Inc. was deemed to be dissolved for all
purposes without any further action or order of any kind.

                           About ISC8 Inc.

ISC8 Inc. filed a Chapter 11 bankruptcy petition (Bankr. C.D. Cal.
Case No. 14-15750) on Sept. 23, 2014.  The petition was signed by
Kirsten Bay, the president and CEO.  The case was assigned to Judge
Scott C. Clarkson.  The Debtor estimated assets of $1 million to
$10 million and reported total liabilities of $14 million.  

Ezra Brutzkus Gubner LLP served as the Debtor's counsel.  

The Bankruptcy Court entered an order on Sept. 14, 2015, confirming
the Amended Plan of Liquidation of ISC8, Inc.  The Amended Plan of
Liquidation went into effect immediately following the entry of the
Plan Confirmation Order.


JARDEN CORP: S&P Releases Corrected Press Release
-------------------------------------------------
Standard & Poor's Ratings Services issued on Oct. 21, 2015, a
correction on its ratings release on Jarden Corp.

S&P said that in the original version of the report, it mistaken
referred to a $300 million add-on. The correct amount of the add-on
is $200 million.

The corrected S&P is as follows:

S&P assigned its 'BB' issue-level rating to Florida-based Jarden
Corp.'s proposed $300 million senior unsecured notes due 2023.  The
recovery rating on the notes is '3' (at the high end of the 50%-70%
range), indicating that lenders could expect meaningful recovery in
the event of payment default.  The 'BBB-' issue-level rating on the
company's upsized $860 million senior secured term loan A, which
includes a $200 million add-on, remains unchanged by this
transaction.  The recovery rating on the term loan is '1',
indicating that lenders could expect very high recovery (90%-100%)
in the event of payment default.  S&P expects the proceeds of the
notes and term loan A add-on will be used to partially fund the
purchase of Visant Holding Corp., the parent company of Jostens
Inc.  The ratings are subject to change, and assume the transaction
closes on substantially the same terms presented to S&P.

All of S&P's other ratings on the company, including the 'BB'
corporate credit rating, are unchanged.  The outlook is stable. Pro
forma for the proposed financing, total debt outstanding is
approximately $6.4 billion.

S&P's ratings on Jarden reflect its strong position across a
diversified portfolio of niche consumer products, small appliances,
household products, outdoor products, and sports equipment.  The
company has well-recognized brand names, including Yankee Candle,
Rawlings, Coleman, Sunbeam, K2, and Mr. Coffee.  S&P believes the
company is a category captain with many of its products and is an
important strategic supplier to leading suppliers such as Wal-Mart
and Target.  Jarden has an extensive global distribution network
and derives more than 35% of its sales from outside the U.S., which
S&P believes will increase in the coming years.  S&P's ratings also
reflect Jarden's high debt levels and active acquisition and share
repurchase strategy. Although the company has raised a significant
amount of equity to fund the acquisition of Visant, S&P forecasts
its ratio of debt to EBITDA will remain between 4.0x to 4.5x.
Notwithstanding the company's aggressive financial policy, S&P
views the acquisition of Visant as a credit positive, as it
believes it is leverage-neutral, is accretive to margins, and
further diversifies Jarden's portfolio of businesses.

RATINGS LIST

Jarden Corp.
Corporate credit rating            BB/Stable/--
Senior secured
  $860 mil. term loan A             BBB-
   Recovery rating                  1

New Ratings
Jarden Corp.
Senior unsecured
  $300 mil. notes due 2023          BB
   Recovery rating                  3H



KB YUZHNOYE: Ex-JV Partners Say Boeing Wants Too Much in $355M Suit
-------------------------------------------------------------------
Bryan Koenig at Bankruptcy Law360 reported that two Ukrainian
companies asked a California federal judge on Oct. 15, 2015, to
trim any potential payout they may owe Boeing after a ruling that
they and their Russian partner skipped out on $355 million owed to
the aerospace giant after a joint satellite-launching company went
bankrupt.

Ukrainian state-owned KB Yuzhnoye and PO Yuzhnoye Mashinostroitelny
Zavod are seeking to trim approximately $14 million from the
cumulative $193 million The Boeing Co. says they owe.


LB STEEL LLC: Hires Perkins Coie as Bankruptcy Counsel
------------------------------------------------------
LB Steel, LLC, seeks authority from the Bankruptcy Court to employ
Daniel A. Zazove, David J. Gold, and the partners, associates and
paraprofessionals of the law firm of Perkins Coie LLP as its
bankruptcy counsel effective as of Oct. 18, 2015.

The Debtor relates that for the last 10 years, Perkins Coie has
been its principal advisor and has provided legal services to it on
a wide variety of matters.

Perkins Coie will, among other things:

   (a) advise the Debtor with respect to its powers and duties
       as debtor-in-possession in the continued management and
       operation of its businesses and property;

   (b) attend meetings and negotiate with representatives of
       creditors and other parties-in-interest and advise and
       consult on the conduct of this case, including all of the
       legal and administrative requirements of operating in
       chapter 11;

   (c) take all appropriate action to protect and preserve the
       Debtor's assets, including the prosecution of actions on
       behalf of the Debtor's estate, the defense of any actions
       commenced against the Debtor's estate, negotiate concerning
       litigation in which the Debtor may be involved, and
       object to claims filed against the Debtor's estate;

   (d) prepare motions, applications, answers, orders, reports,
       papers and other pleadings necessary to administer the
       Debtor's estate;

   (e) prepare and consummate a sale of substantially all of the
       Debtor's assets pursuant to Section 363 of the Bankruptcy
       Code and/or a plan of reorganization, and all related
       agreements and/or documents and take any necessary action
       on behalf of the Debtor to obtain confirmation of such
       plan;

   (f) appear before the Bankruptcy Court or other courts to
       assert or protect the interests of the Debtor and its
       estate; and

   (g) perform other necessary legal tasks in connection with the
       Debtor's case and its reorganization case.

These attorneys are presently expected to have responsibility for
providing services to the Debtor:

     Name                   Title                  Hourly Rate
     -----------------     --------                -----------
     Daniel A. Zazove       Partner                   $695
     Kenneth M. Crane       Partner                   $675
     David J. Gold          Associate                 $495

It is also Perkins Coie's policy to charge its clients for its
expenses including messenger delivery, transportation,
photocopying, airfare, computerized research, witness fees.

Prior to the Petition Date, the Debtor made advance payments
totaling $104,480 to secure Perkins Coie's representation of the
Debtor in connection with this Chapter 11 case.

The Debtor believes that Perkins Coie is a "disinterested
person" within the meaning of Bankruptcy Code Section 101(14).
Perkins Coie.

                          About LB Steel

LB Steel, LLC, provider of outsourced machining, fabrication,
burning, and assembly services, sought Chapter 11 bankruptcy
protection (Bankr. N.D. Ill. Case No. 15-35358) on Oct. 18, 2015.
Michael Goich signed the petition as president.  The Debtor
estimated assets in the range of $10 million to $50 million and
debts of more than $50 million.  The Debtor has engaged Perkins
Coie LLP as counsel.  Judge Janet S. Baer is assigned to the case.


LB STEEL LLC: Section 341 Meeting Scheduled for Dec. 1
------------------------------------------------------
A meeting of creditors in the bankruptcy case of LB Steel, LLC will
be held on Dec. 1, 2015, at 1:30 p.m. at 219 South Dearborn, Office
of the U.S. Trustee, 8th Floor, Room 802, Chicago, Illinois.

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 LB Steel

LB Steel, LLC, provider of outsourced machining, fabrication,
burning, and assembly services, sought Chapter 11 bankruptcy
protection (Bankr. N.D. Ill. Case No. 15-35358) on Oct. 18, 2015.
Michael Goich signed the petition as president.  The Debtor
estimated assets in the range of $10 million to $50 million and
debts of more than $50 million.  The Debtor has engaged Perkins
Coie LLP as counsel.  Judge Janet S. Baer is assigned to the case.


LB STEEL LLC: Taps Development Specialists as Financial Advisor
---------------------------------------------------------------
LB Steel, LLC, seeks authority from the U.S. Bankruptcy Court for
the Northern District of Illinois to employ Development
Specialists, Inc. as its financial advisor effective as of the
Petition Date.

The professionals anticipated to work on this engagement are
Patrick O'Malley, who the Debtor hired pre-petition as its chief
restructuring officer, John Wheeler and Jeffrey Gasbarra.
Mr. O'Malley is the chief financial officer of DSI and a certified
public accountant.  Messrs. Wheeler and Gasbarra are consultants
with significant experience in bankruptcy and restructuring cases.
Messrs. O'Malley, Wheeler, and Gasbarra will be assisted from time
to time by other members of DSI's professional staff.

The Debtor relates it requires DSI's services to assist it with its
Chapter 11 case and the sale and reorganization effort. Pursuant to
the terms of the Engagement Letter, DSI will:

   a. review historical, current and projected financial
      information;

   b. oversee any proposed sale of the Debtor's assets;

   c. prepare the necessary financial or accounting reports and
      documents on behalf of the Debtor including its schedules,
      statement of financial affairs and monthly operating   
      reports;

   d. provide assistance and advice concerning the operation of
      the Debtor in its Chapter 11 case;

   e. negotiate with the Debtor's creditors, including resolution
      of claims and claim disputes;

   f. provide assistance and advice concerning any investigation
      of the assets, liabilities and financial condition of the
      Debtor that may be required under local, state or federal
      law;

   g. provide counseling with respect to assumption or rejection
      of executory contracts and leases, sales of assets and other

      bankruptcy-related matters arising from this case;

   h. perform other financial or accounting consulting services as
      may be necessary and appropriate for the efficient and
      economical administration of this Chapter 11 Case; and

   i. provide testimony on behalf of the Debtor in connection with

      any of the foregoing services.

The Debtor has determined to seek authority from the Court to
employ DSI at its customary hourly rates and under DSI's customary
expense reimbursement policies.

The hourly rates of the primary advisors anticipated to work on
this engagement are:

          Patrick O'Malley          $595/hour
          John Wheeler              $395/hour
          Jeffrey Gasbarra          $295/hour

Prior to the Petition Date, the Debtor entered into the Engagement
Letter with DSI, pursuant to which the Debtor paid DSI a retainer
fee of $25,000.

DSI assures the Court that it (a) has no connection with the
Debtor, its creditors, equity security holders, or other parties-
in-interest, or their respective attorneys and accountants, the
United States Trustee or any person employed in the office of the
United States Trustee, in any matter related to the Debtor and its
estate, (b) does not hold any interest adverse to the Debtor's
estate, and (c) believes it is a "disinterested person" as that
term is defined in Section 101(14) of the Bankruptcy Code.

The Debtor has agreed to indemnify and hold DSI and other
indemnified persons harmless against any losses, claims, damages,
or liabilities in connection with the services DSI provides to
the Debtor related to this Chapter 11 case, except for any losses,
claims, damages, or liabilities that are finally determined by a
court of competent jurisdiction to have resulted from DSI's
willful misconduct, dishonesty, fraudulent act or omission, or
gross negligence.

                           About LB Steel

LB Steel, LLC, provider of outsourced machining, fabrication,
burning, and assembly services, sought Chapter 11 bankruptcy
protection (Bankr. N.D. Ill. Case No. 15-35358) on Oct. 18, 2015.
Michael Goich signed the petition as president.  The Debtor
estimated assets in the range of $10 million to $50 million and
debts of more than $50 million.  The Debtor has engaged Perkins
Coie LLP as counsel.  Judge Janet S. Baer is assigned to the case.


LB STEEL: In Chapter 11 to Conduct Sale Process
-----------------------------------------------
LB Steel, LLC (d/b/a Concord Steel and Topeka Metal Specialties) on
Oct. 22 disclosed that on
October 18, 2015 it filed a voluntary petition for chapter 11
business reorganization in the United States Bankruptcy Court for
the Northern District of Illinois, Case No. 15-35358, following an
adverse ruling in a decade-long legal dispute with Walsh
Construction relating to the construction of a canopy and curtain
wall at the O'Hare International Airport.  The company has been in
discussions with several parties regarding the sale of its business
and intends to use the chapter 11 process to conduct an orderly
marketing and a going-concern sale of substantially all of its
business assets pursuant to section 363 of the Bankruptcy Code.

LB Steel is operating normally, processing and completing orders in
the ordinary course, and all other operations are business as
usual.  Likewise, throughout the chapter 11 process, LB Steel
expects to continue to:

  -- Serve our customers with the highest quality of service;
  -- Provide employee wages, healthcare coverage, vacation, and
other benefits, without interruption;
     and
  -- Pay suppliers for goods and services received during the
reorganization process.

"As a result of expending significant amounts to defend the Walsh
Litigation and the threat of Walsh enforcing its judgment, LB Steel
determined that it was unable to continue its business operations
without filing for relief under chapter 11 of the Bankruptcy Code.
LB Steel's management has concluded that the most effective way to
preserve our longstanding customer and vendor relationships,
continue shipments to our customers and maintain the company's
working capital to meet its obligations is to sell the company's
assets as an going concern," says LB Steel's President, Michael
Goich.

LB Steel has hired Patrick O'Malley of Development Specialists,
Inc. as its Chief Restructuring Officer and the company is being
advised by Perkins Coie LLP.  

Headquartered in Harvey, Illinois, LB Steel, LLC --
http://www.lbsteel.com-- provides outsourced machining,
fabrication, burning, and assembly services in North America.



MARSHALL OIL: Bankr. Court Abstains from Hearing Bidder's Suit
--------------------------------------------------------------
Judge Tom R. Cornish of the United States Bankruptcy Court for the
Western District of Oklahoma granted the motion of defendants Trek
Energy, LLC, Shreveport Oil & Gas Co., TMS Realty Corp., Paul E.
Kloberdanz, Jr., The Pfanenstiel Company, LLC, and Kristin Weir to
abstain from or dismiss the adversary complaint against them.

Marshall Oil Corporation's Chapter 11 case was converted to Chapter
7 on June 2, 2014.  Douglas N. Gould, as Chapter 7 Trustee, moved
for an order approving a sale of substantially all of the Debtor's
business assets including oil and natural gas and coal bed methane
wells, oil and gas leases, gas gathering systems, well equipment,
and production facilities.

The Trustee filed a "Disclaimer of Interest" in which he expressly
disclaimed any interest of the bankruptcy estate in the real
properties which are the subject of this dispute between Plaintiffs
and the other Defendants.

Judge Cornish abstains from resolving the issues raised in the case
and ruled that the Grady County District Court, State of Oklahoma,
should proceed to determine the matters before it in Case No.
CJ-2015-82 in accordance with its laws and procedures.

The adversary proceeding is GULF EXPLORATION, LLC, and MZIMA
ENERGY, LLC, Plaintiffs, v. TREK ENERGY, LLC, SHREVEPORT OIL AND
GAS CO., TMS REALTY CORP., PAUL E. KLOBERDANZ, JR., THE PFANENSTIEL
COMPANY, LLC, KRISTIN WEIR, AND DOUGLAS N. GOULD, in his capacity
as the Chapter 11 Trustee of Marshall Oil Corporation Bankruptcy
Estate, Defendants, ADV. NO. 15-01223-TRC (Bankr. W.D. Okla.).

The bankruptcy case is captioned In re: MARSHALL OIL CORPORATION,
Debtor, NO. 11-14663-TRC, JOINTLY ADMINISTERED (Bankr. W.D.
Okla.).

A full-text copy of Judge Cornish's Order dated September 28, 2015,
is available at http://is.gd/irqssUfrom Leagle.com.

Gulf Exploration, LLC, Plaintiff, represented by William H. Hoch
III, Esq. -- will.hoch@crowedunlevy.com -- CROWE & DUNLEVY, Timothy
Kline, Esq. -- tdkline@phillipsmurrah.com -- PHILLIPS MURRAH PC,
Christopher M. Staine, Esq. -- christopher.staine@crowedunlevy.com
-- CROWE & DUNLEVY PC.

Trek Energy, LLC, Defendant, represented by:

         Beauchamp M. Patterson, Esq.  
         MCAFEE & TAFT
         Tenth Floor
         Two Leadership Square
         211 N. Robinson
         Oklahoma City, OK 73102-7103
         Phone: (405) 235-9621  
         Toll Free: (800) 235-9621  
         Fax: (405) 235-0439
         Email: beau.patterson@mcafeetaft.com

Marshall Oil Group, LLC, sought protection under Chapter 11 of the
Bankruptcy Code on Nov. 10, 2004 (Bankr. E.D.N.C., Case No.
04-04097).  The Chapter 11 case was converted to Chapter 7 on June
2, 2014.  Douglas N. Gould was appointed trustee.


MIDSTATES PETROLEUM: Provides Q3 2015 Operational Update
--------------------------------------------------------
Midstates Petroleum Company, Inc., disclosed that during the third
quarter of 2015, total Company production averaged 32,609 barrels
of oil equivalent (Boe) per day of which approximately 39% was oil,
21% was natural gas liquids and the balance was natural gas.  The
temporary interruption of production at a Midstates' well site due
to a previously reported incident reduced third quarter production
by approximately 650 Boe per day.  Production from the impacted
well site was restored in August. Production from the Company's
Mississippian Lime properties averaged 26,358 Boe per day.
Midstates currently estimates operating capital expenditures will
be in the range of $55 million to $60 million and anticipates
adjusted EBITDA will be near the bottom end of the previously
disclosed range of $80 million to $90 million.

The Company's total operated rig count remains at three rigs, all
of which are drilling in the Mississippian Lime.  Midstates plans
to continue to operate a three rig program in the Mississippian
Lime in the near term.  The Company said that its current AFE for
wells drilled in the Mississippian Lime is approximately $3.1
million per well and the average drilling cycle time has been
reduced from 19 days to 17 days.

Jake Brace, Midstates president and CEO commented, "Our Miss Lime
drilling program continued to yield strong results in the third
quarter.  As a result of drilling efficiencies and our capital cost
management initiative, we have surpassed our initial 2015 Miss Lime
well cost target and our standard well costs are now $3.1 million.
With our type curve and new well costs, we are generating
attractive rates of return in excess of 35%."

Mr. Brace continued, "We believe we have the liquidity needed to
navigate the existing environment and protect our flexibility and
optionality until the macro outlook improves.  The reaffirmation of
our borrowing base allows us the flexibility to continue to develop
our premier position in the Miss Lime, even in the current price
and reduced drilling environment."

                  About Midstates Petroleum Company

Midstates Petroleum Company, Inc. --
http://www.midstatespetroleum.com/-- is an independent exploration
and production company focused on the application of modern
drilling and completion techniques in oil and liquids-rich basins
in the onshore U.S. Midstates' drilling and completion efforts are
currently focused in the Mississippian Lime oil play in Oklahoma
and Anadarko Basin in Texas and Oklahoma.  The Company's operations
also include the upper Gulf Coast tertiary trend in central
Louisiana.

Midstates reported net income of $117 million on $794 million of
total revenues for the year ended Dec. 31, 2014, compared to a net
loss of $344 million on $470 million of total revenues for the year
ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $2.47 billion in total assets,
$2 billion in total liabilities and $466 million in total
stockholders' equity.

The Company's independent auditor, Deloittee & Touche LLP, in
Houston, Texas, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that Midstates' projected debt covenant violation and
resulting lack of liquidity raise substantial doubt about its
ability to continue as a going concern.

                             *    *    *

Midstates Petroleum carries a 'B' corporate credit rating from
Standard & Poor's Ratings Services.

As reported by the TCR on April 8, 2013, Moody's Investors Service
affirmed Midstates Petroleum's 'B3' Corporate Family Rating.


MIDSTATES PETROLEUM: Reaffirms $252M Revolving Credit Facility
--------------------------------------------------------------
Midstates Petroleum Company, Inc. announced that, as a result of
its lenders' semi-annual review, the borrowing base under its
revolving credit facility has been reaffirmed at $252 million.
There are currently no borrowings under the credit facility.

Midstates Petroleum Company, Inc. and Midstates Petroleum Company
LLC ("Midstates Sub"), a wholly owned subsidiary of Midstates,
entered into a Ninth Amendment to the Second Amended and Restated
Credit Agreement dated as of June 8, 2012, among Midstates,
Midstates Sub, as borrower, SunTrust Bank, N.A., as administrative
agent, and the lenders.  The Ninth Amendment, among other items:

   (i) ratified and maintained Midstates' borrowing base at
       $252,024,575;

  (ii) confirmed the amount of the reduction in the borrowing base
       to be $27,024,575 in the event Midstates consummates a sale
       of certain oil and gas properties which were identified and

       described in writing to the Administrative Agent and
       Lenders prior to the date of the Ninth Amendment, provided
       that such sale is consummated prior to the earlier of the
       next scheduled redetermination of the borrowing base and
       any special redetermination of the borrowing base, and
       provided further, that the confirmed reduction will only
       apply if after immediately giving effect to the proceeds of

       such sale, the sum of (y) the available commitment under t
       the Credit Agreement, plus (z) the aggregate amount of cash

       and cash equivalents of Midstates is not less than
       $425,000,000; and

(iii) amended the threshold amount for which Midstates is
       required to provide advance notice to the Administrative
       Agent of a sale or disposition which occurs during the
       period between two successive redeterminations of the
       borrowing base.

A copy of the Ninth Amendment to Second Amended and Restated Credit
Agreement is available at http://is.gd/4sOS1e

                 About Midstates Petroleum Company

Midstates Petroleum Company, Inc. --
http://www.midstatespetroleum.com/-- is an independent exploration
and production company focused on the application of modern
drilling and completion techniques in oil and liquids-rich basins
in the onshore U.S. Midstates' drilling and completion efforts are
currently focused in the Mississippian Lime oil play in Oklahoma
and Anadarko Basin in Texas and Oklahoma.  The Company's operations
also include the upper Gulf Coast tertiary trend in central
Louisiana.

Midstates reported net income of $117 million on $794 million of
total revenues for the year ended Dec. 31, 2014, compared to a net
loss of $344 million on $470 million of total revenues for the year
ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $2.47 billion in total assets,
$2 billion in total liabilities and $466 million in total
stockholders' equity.

The Company's independent auditor, Deloittee & Touche LLP, in
Houston, Texas, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that Midstates' projected debt covenant violation and
resulting lack of liquidity raise substantial doubt about its
ability to continue as a going concern.

                             *    *    *

Midstates Petroleum carries a 'B' corporate credit rating from
Standard & Poor's Ratings Services.

As reported by the TCR on April 8, 2013, Moody's Investors Service
affirmed Midstates Petroleum's 'B3' Corporate Family Rating.


MONTREAL MAINE: Molleur Law OK'd as Ch. 11 Trustee's Special Atty
-----------------------------------------------------------------
The Hon. Peter G. Cary of U.S. Bankruptcy Court for the District of
Maine authorized Robert J. Keach, the Chapter 11 trustee for
Montreal Maine & Atlantic Railway Ltd., to employ Molleur Law
Office as his special counsel.

The legal services to be rendered by Molleur may include, without
limitation, assisting the trustee in prosecuting the DRC Adversary
and substantially related matters regarding DRC.

According to the trustee, on Sept. 8, 2015, due to administrative
error, the Court entered an order granting application to employ
Molleur Law as special counsel for the trustee. In this relation,
the Court ordered that the order is vacated.

The trustee, in his motion, stated that subject to the
unpredictable nature of the DRC Adversary, that Molleur's fees will
range from a relatively de minimis amount to $10,000.

To the best of the trustee's knowledge, Molleur Law does not
represent or hold any interest adverse to the Debtor or the estate
with respect to the matter on which the attorney is to be
employed.

                       About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., operated the train that
derailed and exploded in July 2013, killing 47 people and
destroying part of Lac-Megantic, Quebec.

The Company sought bankruptcy protection (Bankr. D. Maine Case No.
13-10670) on Aug. 7, 2013, with the aim of selling its business.
Its Canadian counterpart, Montreal, Maine & Atlantic Canada Co.,
meanwhile, filed for protection from creditors in Superior Court
of
Quebec in Montreal.

Montreal, Maine & Atlantic Canada Co. ("MMA Canada"), the Canadian
unit of Chapter 11 debtor Montreal, Maine & Atlantic Railway Ltd.
("MMA"), on July 20, 2015, filed a Chapter 15 bankruptcy petition
(Bankr. D. Maine Case No. 15-20518) in Portland, Maine, to seek
recognition and enforcement in the U.S. of the order by the Quebec
Court approving MMA Canada's plan to pay off victims of the July
2013 derailment.

The law firm of Verrill Dana serves as counsel to the Debtor.

Robert J. Keach, Esq., at Bernstein, Shur, Sawyer, and Nelson,
P.A., is the Chapter 11 trustee.  Lindsay K. Zahradka and and D.
Sam Anderson, Esq. serves as his counsel.  Development
Specialists,
Inc., serves as his financial advisor; and Gordian Group, LLC,
serves as his investment banker.

Justice Martin Castonguay oversees the case in Canada.  Andrew
Adessky at Richter Consulting was named CCAA monitor.  The CCAA
Monitor is represented by Sylvain Vauclair at Woods LLP.  MM&A
Canada is represented by Patrice Benoit, Esq., at Gowling LaFleur
Henderson LLP.

The U.S. Trustee appointed a four-member official committee of
derailment victims.  The Official Committee is represented by
Richard P. Olson, Esq., at Perkins Olson; and Luc A. Despins,
Esq., at Paul Hastings LLP.

The unofficial committee of wrongful death claimants is
Represented by George W. Kurr, Jr., Esq., at Gross, Minsky &
Mogul,
P.A.; Daniel C. Cohn, Esq., at Murtha Cullina LLP; Peter J.
Flowers, Esq., at Meyers & Flowers, LLC; Jason C. Webster, Esq.,
at
The Webster Law Firm; and Mitchell A. Toups, Esq., at Weller,

                           *     *     *

Judge Peter G. Cary of U.S. Bankruptcy Court in Bangor, Maine, on
Oct. 9, 2015, approved Montreal, Maine & Atlantic Railway's
bankruptcy-exit plan, day after a Canadian judge gave conditional
approval to the plan.  The exit plan earmarks about $86 million to
families of those who died from the explosive crash.  The plan
provides for the creation of a C$446 million settlement fund for
victims of the derailment.


MORTGAGE FUND '08: Dismissal of 3 Clawback Suits Affirmed
---------------------------------------------------------
Judge Susan Illston of the United States District Court for the
Northern District of California affirmed the Bankruptcy Court's
order dismissing three adversary proceedings filed by Susan L.
Uecker, Liquidating Trustee of the Mortgage Fund '08 Liquidating
Trust.

The case is SUSAN L. UECKER, in her capacity as Trustee of the
Mortgage Fund '08 Liquidating Trust, Appellant, v. A VERY NICE POOL
COMPANY, LTD., Appellee, CASE NO. 15-CV-00077-SI, Consolidated With
No. 15-CV-00251 SI, NO. 15-CV-00252 SI (N.D. Calif.), relating to
In re MORTGAGE FUND '08 LLC, Debtor.

A full text of the Order dated September 25, 2015 is available at
http://is.gd/OpDLT3from Leagle.com.

Susan L. Uecker, Appellant, represented by Bennett Gregorie Young,
Esq. -- BYoung@jmbm.com -- JEFFER MANGELS BUTLER & MITCHELL LLP,
Erin E Daly, Esq. -- EDaly@jmbm.com -- JEFFER MANGELS BUTLER
MITCHELL LLP & Robert George Retana, Esq. -- rretana@pswlaw.com --
PEARSON SIMON WARSHAW & PENNY LLP.

The Appellees are represented by Robert W. Brower, Esq., William
Webb Farrer, Esq. -- wwfarrer@farrerlaw.org -- LAW OFFICES OF
WILLIAM WEBB FARRER.


NESCO LLC: S&P Revises Outlook to Negative & Affirms 'B-' CCR
-------------------------------------------------------------
Standard & Poor's Ratings Services said that it has revised its
outlook on Bluffton, Ind.-based specialty equipment rental company
NESCO LLC to negative from stable and affirmed its 'B-' corporate
credit rating on the company.

At the same time, S&P is affirming its 'CCC+' issue-level rating on
the company's senior secured second-lien notes.  The '5' recovery
rating is unchanged, indicating S&P's expectation that noteholders
will receive modest (10%-30%; higher end of the range) recovery in
the event of a payment default.

"The outlook revision reflects the risk that the company may not be
able to generate sufficient free cash flow to restore its leverage
to a level that is sustainable over the long-term," said Standard &
Poor's credit analyst Sarah Wyeth.  "The outlook revision also
reflects our view that the company could be challenged to remain
compliant with the leverage covenant on its revolver if it is
unable to generate positive free cash flow over the next several
quarters."  Demand from NESCO's customers in segments related to
the oil and gas market has been weak, and S&P do not expect to see
a significant uptick over the next 12-18 months.  This has caused
the company's earnings to be weaker-than-expected, leading it to
post a leverage metric of over 8x as of June 30, 2015, and leaving
the company with less than adequate liquidity.  S&P expects that
NESCO's leverage will remain elevated through 2016.  However, the
company has excess rental equipment in its fleet, which S&P expects
it will sell in the coming quarters. Positive free cash flow from
these fleet sales should enable NESCO to maintain a level of
liquidity that will ensure that the leverage covenant on its
revolver will not apply while its leverage is very high.  If the
covenant were to apply, S&P believes that the company would be
challenged to remain in compliance.

The negative outlook on NESCO reflects S&P's expectation that the
company's end markets will likely remain weak over the next year
and that its ability to maintain comfortable liquidity and to
reduce its leverage hinges partly upon its ability and commitment
to sell excess equipment.

S&P could lower its rating on NESCO if the company is unable to
reduce its leverage over the next 12 months.  S&P could also lower
the rating if the company does not sell as much of its excess
equipment as S&P had expected, increasing the likelihood that the
covenant on its revolver will be triggered.  For instance, if the
company is unable to generate positive free cash flow in the fourth
quarter of 2015 and the availability on its revolver does not
increase, S&P could lower the rating.

S&P could revise its outlook on NESCO to stable if the company
reduced its leverage to less than 7.5x and S&P expects that it will
remain below this level.  S&P would also expect the company to have
ample availability under its revolver so that risk of a covenant
breach is minimal.



ORLANDO GATEWAY: U.S. Trustee Withdraws Bid to Disqualify WHMH
--------------------------------------------------------------
Guy G. Gebhardt, Acting U.S. Trustee for Region 21, notified the
U.S. Bankruptcy Court for the Middle District of Florida that he
has withdrawn his motion to disqualify Kenneth D. Herron Jr., Esq.,
and Wolff, Hill, McFarlin & Herron, P.A., as counsel for Orlando
Gateway Partners, LLC, and its debtor affiliates.

According to the U.S. Trustee, he was satisfied that the issues
present that would have prevented WHMH from representing both
Debtors has been resolved by the developments in the case.

The U.S. Trustee stated that he filed the disqualification motions
for three substantive reasons:

   (1) lack of adequate disclosure of relationships between WHMH,
the Debtors, and other parties-in-interest;

   (2) WHMH's relationship with the Debtors' principal, Chittranjan
Thakkar, created an actual conflict of interest in WHMH's
representation of the Debtors; and

   (3) the relationship between the two Debtors created an actual
conflict of interest in WHMH's representation of both Debtors.

                    About Orlando Gateway

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

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

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

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

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

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

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

                          *    *    *

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

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

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

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

The Debtors' Plan contemplates holding an auction to select a new
investor who will get 100% of the ownership and control of the
Debtors' properties in exchange for funding all plan payments.

Secured creditor SummitBridge's reorganization plan for Nilhan
Hospitality, LLC, and Orlando Gateway Partners, LLC, intends to
facilitate a prompt sale of the Debtors' property and prompt
distributions to holders of claims.


PALM BEACH COMMUNITY CHURCH: Tax Dispute Goes to State Court
------------------------------------------------------------
U.S. Bankruptcy Judge Erik P. Kimball sided with the Palm Beach
Community Church, Inc., in a dispute with the property appraiser
for Palm Beach County, Florida.

The Debtor has pursued a state court action post-confirmation to
seek a substantial refund of the 2014 real estate taxes it paid.

On Dec. 4, 2014, the Debtor won confirmation of its Chapter 11
Plan.  On Dec. 9, the Debtor filed an action in the Fifteenth
Judicial Circuit Court, in and for Palm Beach County, Case No.
502014CA014681XXXXMB, Palm Beach Community Church, Inc. vs. Gary
Nikolits, et al. challenging its 2014 property tax assessment.

On Dec. 15, 2014, the Bankruptcy Court approved Debtor's sale of
its 9.03 acres of real property to PNC Bank free and clear of
liens.  In January 2015, the Debtor used its available cash from
the bankruptcy estate to satisfy the outstanding liens of the Tax
Collector which secured payment of the Debtor's 2013 and 2014
property taxes.  In March 31, 2015, the Debtor conveyed its
property to PNC Bank's nominee.

Gary R. Nikolits, property appraiser for Palm Beach County,
Florida, on June 16, 2015, filed with the Bankruptcy Court a motion
for an order invoking the Bankruptcy Court's jurisdiction over the
Debtor's 2014 property tax dispute filed in State Court for the
purpose of the interpreting the provisions of the Debtor's Third
Amended Plan, related property sale filings and the Court's orders
providing for the payment of undisputed liens and whether the State
Court Action is res judicata or otherwise improper and precluded
from further litigation.

The Property Appraiser claimed that the Debtor neither disclosed to
the Bankruptcy Court, nor its creditors, that the Debtor intended
on bringing a lawsuit in state court to recover its cash, which it
did only days after the Court confirmed the Plan.  The Property
Appraiser argued, among other things, that the Bankruptcy Court
should exercise its jurisdiction over this controversy because the
Debtor had begun an administrative proceeding in its plan contrary
to the requirements found in 11 U.S.C. Sec. 1123(a)(5)(E) that the
contents of the Debtor's Plan "provide for the satisfaction or
modification of any lien".

"Allowing the Debtor to pursue its State Court Action renders the
finality of the Debtor's plan illusory and certainly renders the
distribution of the bankruptcy estate to creditors as one not based
on full disclosure," the Property Appraiser said in its Motion.

According to the Property Appraiser, if successful in the State
Court Action, the Debtor could receive a refund of its 2014
property taxes in the amount of $126,773.

                         Claim Objection

The Debtor said it paid the 2014 property taxes in order to permit
the transfer to the purchaser of clear title to the property, and
after relying on the Florida statutes which preserved its rights to
later seek a refund.

"The right to file suit against the Appraiser is a property right
of the Reorganized Debtor.  That property right is not lost by
virtue of a confirmed plan," the Debtor said in its brief submitted
to the Bankruptcy Court.

Though the 2014 property tax claim was an allowed claim at
Confirmation, the Debtor said in its Motion to Reconsider Allowance
of Claim, that the Debtor can reconsider the claim under 11 U.S.C.
Sec. 502(j) and Fed. R. Bankr. P. 3008.  According to the Debtor,
in the present case, the Tax Collector filed its increased amended
claim only 2 days before Confirmation, and therefore the new amount
could not be adjudicated in time to confirm the plan.

The Debtor said in its July 16 brief that is only now seeking
reconsideration of the allowed claim and a hearing on an objection
to claim because it (a) relied on the Florida statutes which
preserved its rights to later seek a refund; (b) had an urgent need
to complete Confirmation so that the Land Sale could occur,
according to the Church's settlement with PNC; (c) was not aware
that the Tax Appraiser would argue res judicata and waiver until
the Tax Appraiser filed its Jurisdiction Motion on June 15, 2015;
and (d) only learned that the Court would give credence to the
waiver argument at the hearing on July 9, 2015.

The Bankruptcy Judge gave parties not later than Aug. 20, 2015, to
file a brief memorandum of law and fact concerning the Property
Appraiser's standing to argue the motion of the Property Appraiser
to Invoke Jurisdiction [ECF No. 255], a related expedited motion by
the Debtor to reconsider allowance of claim [ECF No. 259], and an
expedited objection by the Debtor to The Palm Beach Country Tax
Collector's Claim 3-2 [ECF No. 261].

Copies of the briefs filed by the Debtor are available at:

    http://bankrupt.com/misc/Palm_Beach_269_RPT_Memo.pdf
    http://bankrupt.com/misc/Palm_Beach_278_RPT_Memo_2.pdf

                     Bankruptcy Court's Ruling

Bankruptcy Judge Kimball held that because the case arose during
this chapter 11 case, the claim of the Tax Collector for 2014 real
estate taxes is an administrative expense.  "This Court has made no
determination with regard to the amount of the Tax Collector's
administrative expense.  No order of this Court is res judicata
with regard to the amount owing to the Tax Collector for 2014 real
property taxes."

The bankruptcy judge also ruled that the Debtor did not waive the
right to challenge the determination of the Property Appraiser with
regard to the religious use exemption by paying the claim of the
Tax Collector at closing of the sale of the related property.
Indeed, Florida law specifically permits the property owner
challenging an assessment of real estate taxes after they have been
paid.

"Because the determination of the proper amount owing for 2014 real
estate taxes is a matter routinely addressed by the Florida state
courts, a proceeding is already pending to address the same, and no
party will be prejudiced by permitting the Tax Collector's
administrative expense to be liquidated in the Florida state courts
rather than in this Court, the interests of justice and the
interest of comity with the State courts militate in favor of
abstention," Judge Kimball said.

Judge Kimball ordered:

   1. Pursuant to 28 U.S.C. Sec. 1334(c)(1), the Bankruptcy Court
abstains from determining the amount of the claim of the Tax
Collector against the Debtor for 2014 real estate taxes.

   2. To the extent necessary, the Debtor, the Property Appraiser,
the Tax Collector, and any other party or parties necessary under
applicable non-bankruptcy law for the determination thereof, hereby
are granted relief from the automatic stay under 11 U.S.C. Sec. 362
to liquidate the amount of the 2014 real estate taxes owing by the
Debtor, to finality in the courts of the State of Florida.

   3. The amount determined by final order of a Florida court of
competent jurisdiction to be payable by the Debtor on account of
2014 real estate taxes shall be deemed an allowed administrative
expense in this case and shall be payable pursuant to the
Bankruptcy Court's Order Confirming Debtor's Third Plan of
Reorganization [ECF No. 236] and the plan confirmed thereby.  If
the Debtor has overpaid such administrative expense, the Debtor may
pursue a refund through appropriate action under Florida law.

   5. Except as specifically ordered herein, all other relief
requested in ECF No. 255, ECF No. 259, and ECF No. 261 is DENIED.

A full-text copy of the Aug. 31 Order is available for free at:

    http://bankrupt.com/misc/Palm_Beach_291_RPT_Ord.pdf

Attorneys for the Debtor:

         FURR AND COHEN, P.A.
         Aaron A. Wernick, Esq.
         2255 Glades Road, Suite 337W
         Boca Raton, FL 33431
         Tel: (561) 395-0500
         Fax: (561)338-7532
         E-mail: awernick@furrcohen.com

The Property Appraiser is represented by:

         Jeffrey M. Clyman
         301 N. Olive Avenue, 5th Floor
         West Palm Beach, FL
         Tel: (561) 355-3668
         Fax: (561) 355-3963
         E-mail: jclyman@pbcgov.org
                 cgentile@pbcgov.org

                           *     *     *

A post confirmation status conference in the Chapter 11 case of
Palm Beach Community Church will be held on Dec. 9, 2015, at 10:30
a.m.

                   About Palm Beach Community

Palm Beach Community Church, Inc., filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 13-35141) on Oct. 20, 2013.  The
petition was signed by Raymond Underwood as president.  The Debtor
scheduled total assets of $14.6 million and total liabilities of
$11.43 million.

Palm Beach Community Church won permission to employ Robert C.
Furr and the law firm of Furr and Cohen, P.A., as attorney; and
Roy Wiley and Covenant Financial, Inc. dba SmartPlan Financial
Services as accountants.

In December 2013, the U.S. Trustee informed the Bankruptcy Court
that it was unable to appoint a committee of creditors in the
case.

The Bankruptcy Court entered an order on Dec. 4, 2014, (i)
confirming Palm Beach Community Church, Inc.'s Third Amended Plan
of Reorganization; and (ii) naming Robert C. Furr, Esq., as
disbursing agent.  The Debtor's Third Amended Plan proposes to pay
creditors of from the Debtor's funds on hand, revenue from its
preschool, Lease Agreements, revenues from the Borland Center,
tithing and other donations from the Church members.

A post confirmation status conference in the Chapter 11 case of
Palm Beach Community Church, Inc., will be held on Dec. 9, 2015, at
10:30 a.m.

                   About Palm Beach Community

Palm Beach Community Church, Inc., filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 13-35141) on Oct. 20, 2013.  The
petition was signed by Raymond Underwood as president.  The Debtor
scheduled total assets of $14.6 million and total liabilities of
$11.43 million.

Palm Beach Community Church won permission to employ Robert C.
Furr and the law firm of Furr and Cohen, P.A., as attorney; and
Roy Wiley and Covenant Financial, Inc. dba SmartPlan Financial
Services as accountants.

In December 2013, the U.S. Trustee informed the Bankruptcy Court
that it was unable to appoint a committee of creditors in the
case.

The Bankruptcy Court entered an order on Dec. 4, 2014, (i)
confirming Palm Beach Community Church, Inc.'s Third Amended Plan
of Reorganization; and (ii) naming Robert C. Furr, Esq., as
disbursing agent.  The Debtor's Third Amended Plan proposes to pay
creditors of from the Debtor's funds on hand, revenue from its
preschool, Lease Agreements, revenues from the Borland Center,
tithing and other donations from the Church members.


PARK 91 LLC: Liquidating Plan Confirmed by Judge
------------------------------------------------
Park 91, LLC, has won approval from the U.S. Bankruptcy Court for
the Southern District of New York of its Plan of Liquidation.

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

The Court on Sept. 3 entered an order approving the Amended
Disclosure Statement dated Sept. 2 and set a Sept. 22 deadline for
ballots and confirmation objections, and scheduled a Sept. 29
hearing to consider confirmation of the Plan.

Following a status conference held by the Bankruptcy Court on Sept.
23, the Debtor made certain modifications to the Plan to
incorporate certain comments received from the Bankruptcy Court.
The Court held that such modifications do not adversely change the
treatment of the claim or interest.  A copy of the Amended Plan, as
modified Sept. 29, 2015, is available for free at:

     http://bankrupt.com/misc/Park_91_44_Mod_Am_Plan.pdf

Holders of the allowed secured claim of 2013 NY Funding (Class 1),
allowed secured claim of Surya (Class 2) and real estate tax claims
(Class 3) are impaired and were entitled to vote on the Plan.
Scott Markowitz, Esq., certified on Sept. 24, 2015, that 100% in
amount and number of holders of claims in Classes 1 and 2 accepted
the Plan while there were no votes cast in Class 3.

Holders of priority claims (Class 4), general unsecured claims
(Class 5) and interests (Class 6) are unimpaired and were deemed to
accept the Plan.

After considering all evidence admitted at the Sept. 29
confirmation hearing, and based upon all pleadings and papers filed
in the Chapter 11 case, Judge James L. Garrity, Jr., on Oct. 14,
2015 entered an order confirming the Debtor's Amended Plan of
Liquidation dated Sept. 2, 2015, as modified.  Judge Garrity had
vacated an Oct. 2 order confirming the Plan as the order was
erroneously entered without exhibits.

The Confirmation Order provides that during the period from the
effective date of the Plan through the auction commencement date,
the Post-confirmation Debtor, through Michael Gardner, will
continue to manage the Property.  No later than 30 days after the
Auction Commencement Date, time being of the essence, each of the
Gardners, individually and as sole interest holders will vacate and
surrender possession of the Debtor's property.

A copy of the Order Confirming the Plan dated Oct. 14, 2015, is
available for free at:

    http://bankrupt.com/misc/Park_91_48_Plan_Conf_Order.pdf

                         Liquidating Plan

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

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

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

The Plan also provides that if the Property is to be sold through
the Auction process, the Debtor's occupants, which are Michael
Gardner and Lynda Gardner (together, the "Gardners"), the only
Interest holders of the Debtor, will vacate and surrender
possession of the Property to the Plan Administrator by no later
than 30 days after the Auction Commencement Date.

Under the Plan:

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

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

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

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

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

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

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

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

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

                           About Park 91

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

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

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


PATRIOT COAL: Deutsche Bank Seeks to Lift Automatic Stay
--------------------------------------------------------
Deutsche Bank AG New York Branch ("ABL Agent") asks the U.S.
Bankruptcy Court for the Eastern District of Virginia, Richmond
Division, to lift the automatic stay with regard to Patriot Coal
Corporation's assets that constitute as the ABL Priority
Collateral.

Debtor Patriot Coal Corporation and certain of its subsidiaries
("ABL Borrowers") entered into a credit agreement ("ABL Credit
Agreement") with the ABL Agent and the lenders party thereto ("ABL
Lenders").  There are approximately $41 million in loans and $3
million in undrawn letters of credit outstanding under the credit
agreement, together with ancillary and related agreements ("ABL
Facility").

Henry P. Long, III, Esq., at Hunton & Williams, in Richmond,
Virginia, tells the Court that the Debtors have granted the ABL
Agent valid and perfected first priority liens on their "current"
assets, which are highly liquid and include, among other things,
their (1) accounts receivable, including pre- and post-petition
accounts receivable, (2) inventory, including as-extracted
collateral, and (3) cash, in the form of certain related deposit
and securities accounts containing substantially all the Debtors'
unrestricted cash ("ABL Priority Collateral").

Mr. Long relates that the ABL Lenders, through the ABL Agent, have
exclusive enforcement rights with respect to the ABL Priority
Collateral and are entitled to all proceeds of that Collateral
ahead of any other parties.  He further relates that pursuant to
the First Lien Intercreditor Agreement executed among the Debtors,
the ABL Agent, Barclays Bank PLC, and Wilmington Trust, National
Association, the ABL Agent has the exclusive right to seek or
exercise any rights or remedies with respect to the ABL Priority
Collateral.  Mr. Long adds that these exclusive rights are
reaffirmed in the Court's Final DIP Order and are applicable to all
parties in interest.

Mr. Long asserts that as of May 12, 2015, the ABL Facility was
oversecured, based on the value of the ABL Priority Collateral. He
further asserts that the ABL Priority Collateral secures
obligations totaling $910 million, consisting of claims and related
liens that are all valid and fully enforceable, and not subject to
any challenges.  He further tells the Court that given these
uncontested claims against the ABL Priority Collateral, it is clear
that the Debtors have no equity interest in the said collateral.
Mr. Long relates that the types of assets constituting the ABL
Priority Collateral can be quickly consumed by a borrower.  He
further relates that the likelihood that the Debtors will consume
those assets is exacerbated given the Debtors' lack of liquidity
and inability to find other sources to fund their Chapter 11 cases.
Mr. Long contends that when the Debtors run out of cash next
month, their only option for continued survival will be to
cannibalize the highly liquid ABL Priority Collateral, which would
leave the ABL Lenders without recourse or recovery.

             Cortland Capital's Reservation of Rights

Cortland Capital Market Services LLC, as Prepetition Term Agent,
and on behalf of the Prepetition Term Lenders, relates that it is
in the midst of conducting discovery related to the confirmation of
the Debtors' Fourth Amended Plan and expects to file a response
thereto. Cortland further relates that it also has identified
several issues with the Lift Stay Motion concerning, among other
things, the collateral in which both the Term Parties and the ABL
Agent hold security interests. Cortland tells the Court that it
reserves its right to raise any such issues prior to and/or at the
hearing, which was scheduled on October 5, 2015.

Deutsche Bank AG New York Branch is represented by:

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

                 - and -         

          Sandeep Qusba, Esq.
          William T. Russel, Jr., Esq.
          Morris J. Massel, Esq.                
          Nicholas Baker, Esq.
          SIMPSON THACHER & BARTLETT LLP
          425 Lexington Avenue
          New York, NY 10017
          Telephone: (212)455-2000
          Facsimile: (212)455-2502
          E-mail: squsba@stblaw.com
                  wrussell@stblaw.com
                  mmassel@stblaw.com
                  nbaker@stblaw.com

Cortland Capital is represented by:

          Jeffrey L. Jonas, Esq.
          William R. Baldiga, Esq.
          Andrew P. Strehle, Esq.
          Jonathan D. Marshall, Esq.
          BROWN RUDNICK LLP
          One Financial Center
          Boston, MA 02111
          Telephone: (617)856-8200
          Facsimile: (617)856-8201
          E-mail: jjonas@brownrudnick.com
                  wbaldiga@brownrudnick.com
                  astrehle@brownrudnick.com
                  jdmarshall@brownrudnick.com

                 - and -         

          Paul S. Bliley, Jr., Esq.
          William H. Schwarzschild, III, Esq.
          W. Alexander Burnett, Esq.
          WILLIAMS MULLEN
          200 South 10th Street, Suite 1600
          P.O. Box 1320 (23218-1320)
          Richmond, Virginia 23219
          Telephone: (804)420-6489
          Facsimile: (804)420-6507
          E-mail: pbliley@williamsmullen.com
                  tschwarz@williamsmullen.com
                  aburnett@williamsmullen.com

                  About Patriot Coal Corporation

Patriot Coal Corporation is a producer and marketer of coal in the
United States.  Patriot and its subsidiaries control 1.4 billion
tons of proven and probable coal reserves -- including owned and
leased assets in the Central Appalachia basin (in West Virginia
and
Ohio) and Southern Illinois basin (in Kentucky and Illinois) and
their operations consist of eight active mining complexes in
West Virginia.

Patriot Coal first sought Chapter 11 protection on July 9, 2012,
and, on Dec. 18, 2013, won approval of its bankruptcy-exit plan
from the U.S. Bankruptcy Court for the Eastern District of
Missouri.  The plan turned over most of the ownership of the
company to bondholders that include New York hedge fund Knighthead
Capital Management LLC.  The linchpins of the plan were a global
settlement among the Debtors, the United Mine Workers of America,
and two third parties -- Peabody Energy Corporation and Arch Coal,
Inc. -- and a commitment by a consortium of creditors, led by
Knighthead, to backstop two rights offerings that funded the plan.

Patriot Coal Corporation and its subsidiaries commenced new
Chapter
11 cases (Bankr. E.D. Va. Lead Case No. 15-32450) in Richmond,
Virginia, on May 12, 2015.  The cases are assigned to Judge Keith
L. Phillips.

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

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

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



PLASTIPAK HOLDINGS: Moody's Hikes B1 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service upgraded the corporate family rating of
Plastipak Holdings, Inc. (Plastipak) to B1, the probability of
default rating to B1-PD and senior unsecured rating to B3. The
rating outlook is stable.

Moody's took the following actions for Plastipak Holdings, Inc:

-- Upgraded Corporate Family Ratings to B1 from B2

-- Upgraded Probability of Default to B1-PD from B2-PD

-- Upgraded $375 million senior unsecured notes due 2021 to B3,
    LGD 5 from Caa1, LGD 5

The rating outlook was changed to stable.

RATINGS RATIONALE

The upgrade of Plastipak ratings reflects expectations of improving
earnings and free cash flow following the company's acquisition of
European packaging manufacturer APPE, which expanded the company's
scale and European presence, as well as moderate leverage.
Plastipak's leverage in the twelve months ended August 1, 2015 is
5.2 times (including Moody's adjustments for operating leases and
Goldman Sach's investment). The leverage is 4.5 times following pro
forma for the full-year earnings following the APPE acquisition. We
expect leverage to fall below 4.5 times in fiscal 2016 as Plastipak
integrates the acquisition, ramps up volume from new contracts and
continues to focus on improving its product mix and margins. Longer
term the company should benefit from the start up of new facilities
in the US and Latin America in 2016. Plastipak's credit metrics
such as leverage and interest coverage are relatively strong for
the B1 rating, mitigating the weak margins, which are the result of
a high proportion of lower-margin preform business and
concentration in carbonated soft drinks.

Plastipak benefits from increased scale and geographic
diversification globally pro forma for the APPE acquisition.
Plastipak also has a good market position as one of the larger
North American manufacturers of rigid plastic containers and
preforms. The company has on-site locations and exclusive
relationships with customers, which increase customer switching
costs. Nevertheless, the company operates in a fragmented industry
with strong pricing pressure and majority of its products are
commoditized, keeping the overall margin level low. Exposure to
lower margin preforms and carbonated soft drinks increases with the
APPE acquisitions, but the company hopes to improve margins with
synergies and better product mix over time. The company benefits
from long-term contracts with its customers with resin cost
pass-throughs with some lags, but its high customer concentration
is a credit risk. We also see increasing event risk with the
approaching fifth anniversary of Goldman Sachs's investment in the
company in 2017. We treat Goldman's investment as debt given a
"put" option that gives Goldman the right to request the company to
redeem its shares in 2017 or earlier. The company completed two
sizeable acquisitions in the last two years and we also expect it
to remain acquisitive albeit not on the same scale as the recent
acquisitions.

The stable ratings outlook reflects expectations that Plastipak
will continue to successfully integrate APPE acquisition, improve
margins and free cash flow and maintain moderate leverage metrics
over the next 12 to 18 months.

The ratings could be upgraded if the company improves its product
mix and maintains a high percentage of business under contracts.
The ratings could also be upgraded if the company continues to
maintain conservative financial policy with low leverage.
Specifically, ratings could be upgraded if debt/EBITDA falls below
4.0 times, as adjusted by Moody's, on a sustainable basis, funds
from operations to debt remains above 12.5% and EBITDA to Interest
coverage remains above 4 times.

The ratings could be downgraded if there is a deterioration in the
competitive and operating environment, liquidity and credit
metrics. Specifically, the ratings could be downgraded if
debt/EBITDA rises above 5.0 times. as adjusted by Moody's, funds
from operations to debt falls below 10% and free cash flow turns
consistently negative.

Plastipak is a privately-held manufacturer of plastic containers
and preforms used by branded companies in the beverage, food,
personal care, industrial and automotive industries globally.
Headquartered in Plymouth, Michigan, Plastipak generated
approximately $2.4 billion of sales in the twelve months ended
August 1, 2015 ($2.9 billion pro forma for APPE acquisition). The
Young family owns approximately 56% of the outstanding stock and
Goldman Sachs owns approximately 36% with the balance owned by
senior management.



POPE LOGGING: Suit Against Hall Oil Dismissed
---------------------------------------------
Judge Susan D. Barrett of the United States Bankruptcy Court for
the Southern District of Georgia granted Hall Oil Company's motion
to dismiss an adversary proceeding filed by Todd Boudreaux, as
trustee for Pope Logging, Inc.

Hall Oil argued that the complaint is barred by the statute of
limitations.

The adversary proceeding is TODD BOUDREAUX, CHAPTER 7 TRUSTEE
Plaintiff. v. HALL OIL COMPANY, Defendant, ADVERSARY PROCEEDING NO.
15-03004 (Bankr. S.D. Ga.).

The case is captioned IN RE: POPE LOGGING, INC., Chapter 7, Debtor,
CASE NO. 11-30153 (Bankr. S.D. Ga.).

A full-text copy of Judge Barrett's Opinion and Order dated
September 17, 2015, is available at http://is.gd/OKLEkVfrom
Leagle.com.

Todd Boudreaux, Chapter 7 Trustee, Plaintiff, represented by:

         Jenna Blackwell Matson, Esq.
         SHEPARD PLUNKETT HAMILTON BOUDREAUX LLP
         7013 Evans Town Center Boulevard, Suite 303
         Evans, GA 30809-4215
         Phone: 706-955-1670
         Fax: 706-868-6788

Hall Oil Company, Defendant, represented by Anna Mari Humnicky,
Esq.-- AHumnicky@cpmas.com -- COHEN POLLOCK MERLIN & SMALL PC, Gus
H. Small, Esq.-- GSmall@cpmas.com -- COHEN POLLOCK MERLIN & SMALL
PC.

Pope Logging, Inc., filed a Chapter 11 Petition on April 5, 2011
(Bankr. S.D. Ga., Case No. 11-30153).


PREMIER PEST: Bankruptcy Case Dismissed
---------------------------------------
Judge Thomas J. Tucker of the United States Bankruptcy Court for
the Eastern District of Michigan dismissed the bankruptcy case of
Premier Pest Management, Inc., for the following reasons: (1) the
Debtor failed to appear at the initial status conference, and (2)
the Debtor's attorney failed to comply the last paragraph of the
Court's September 2 Order.

The case is captioned In re: PREMIER PEST MANAGEMENT INC., Chapter
11 Debtor, CASE NO. 15-52811(Bankr. E.D. Mich.

A full-text copy of Judge Tucker's Order dated September 23, 2015,
is available at http://is.gd/CqrRz7from Leagle.com.

Premier Pest Management Inc, Debtor In Possession, represented by:

         Daniel P. Brent, Esq.
         THE BRENT LAW GROUP, PLLC
         Phone: (248) 291-7253
         Fax: (248) 592-7375
         E-Mail: dpbrent@brentlawgroup.com

Premier Pest Management Inc., first filed a Chapter 11 Petition on
Aug. 28, 2015 (Bankr. E.D. Mich., Case No. 15-52811).  The case was
dismissed on Sept. 23, 2015.

Premier Pest delivered a second Chapter 11 Petition on Oct. 2, 2015
(Bankr. E.D. Mich., Case No. 15-54531).  The petition was signed by
Charles McKlssack, Jr., president.


PUERTO RICO: Congress Urged to Draw Up Bankruptcy Measures
----------------------------------------------------------
Main Street Bondholders on Oct. 22 disclosed that at the Senate
Energy and Natural Resources Committee hearing, Puerto Rican
Governor Alejandro Garcia Padilla and Antonio Weiss of the U.S.
Treasury Department asked Congress for unprecedented bankruptcy
measures for Puerto Rico, including allowing Puerto Rico to walk
away from its Constitutional debt.

As the New York Times reported on Oct. 21, no state has the ability
to restructure Constitutional, or full faith and credit debt, and
that if Puerto Rico were granted this, other states like Illinois
might soon follow.

"Super Chapter 9", if enacted, is expected to roil municipal debt
markets and raise the costs of borrowing for states and
municipalities across the country.   

Henry Chanin, a Puerto Rican bondholder, retired educator, and
member of the Main Street Bondholder coalition said,

"By giving Puerto Rico the authority to completely disregard the
rule of law and void Constitutional guarantees to bondholders,
Congress would be establishing a precedent that would destroy the
municipal market.  This would put the retirement savings of
millions across the country at risk."

In a surprise move, Garcia Padilla admitted under pressure from
Senators that a portion of the Island's debt may actually have been
issued in violation of the Commonwealth's Constitution.  The
admission makes clear the distinct nature of Puerto Rico's
different tranches of debt, some of which is protected by
Constitutional guarantee.  He also acknowledged the widespread,
devastating impact that his debt avoidance measures will have on
the Island, conceding that 25-30% of the island's bondholders are
Puerto Rican small investors.

Dr. Elias Gutierrez, a Puerto Rican bondholder, professor of
economics, and member of the Main Street Bondholder coalition
said,

"Super Chapter 9 would be de facto amendment of the Puerto Rican
Constitution by Congressional legislative fiat without the
participation of the Puerto Rican people.  It is shameful the Obama
Administration and Governor Garcia Padilla would endorse the
violation of the Puerto Rican Constitution."

Key Facts:

The Administration's unprecedented proposal, so-called "Super
Chapter 9", would restructure all of Puerto Rico's debt, including
its Constitutional debt, and is widely expected to disrupt U.S.
municipal debt markets -- raising the cost of borrowing for states
and municipalities across the country.

Jim Millstein, Puerto Rico's chief restructuring advisor, has
aggressively pushed for Super Chapter 9, ignoring bi-partisan
interest in Congress for a deal that would bring desperately needed
fiscal reform combined with an orderly restructuring mechanism for
Puerto Rico's non-Constitutional debt.  
Mr. Millstein has been criticized for profiting from his business
dealings [around Puerto Rico's settlement with PREPA's bondholders,
yet continues to advise the Commonwealth.

"Super Chapter 9" is without precedent, and would create a
precedent for other states to discharge their Constitutional or
"full faith and credit" debt.  This reckless action would put every
retirement account in America at risk.

Main Street Bondholders Coalition  is a project of the 60 Plus
Association, and is comprised of small bondholders from across
America who are committed to a policy process that returns Puerto
Rico to sound financial management, respect for the rule of law,
and the protection of their retirement savings.

                        *     *     *

As reported in the Troubled Company Reporter-Latin America on Sept.
14, 2015, Standard & Poor's Ratings Services lowered its ratings on
the Commonwealth of Puerto Rico's tax-backed debt to 'CC' from
'CCC-' and removed the ratings from CreditWatch, where they had
been placed with negative implications July 20.  The outlook is
negative.



QUIKSILVER INC: Seeks to Decelerate Obligations to Boardriders
--------------------------------------------------------------
Quiksilver, Inc., and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware for limited relief
from the automatic stay for the sole purpose of permitting
Boardriders S.A. and Deutsche Trustee Company Limited, as Indenture
Trustee and Common Depository, to decelerate its obligations under
the Notes issued by Boardriders.

Boardriders issued EUR200 million aggregate principal amount of
8.875% senior notes with a maturity date of Dec. 15, 2017 ("Notes")
pursuant to an indenture dated Dec. 10, 2010.  The proceeds from
the Notes offering were used to refinance approximately €190
million of existing European term debt and to pay related fees and
expenses.  The obligations of Boardriders under the Euro Notes are
guaranteed by the Debtors and certain non-Debtor affiliates.  As of
the Petition Date, the Notes had an outstanding principal balance
of approximately $221 million.

The Debtors relate that because many of the Debtors are Subsidiary
Guarantors, the Chapter 11 cases give rise to an acceleration of
the Notes under the terms of the Indenture.  The Debtors further
relate that one of the key assets of the Debtors is the residual
equity value of its foreign subsidiaries, which would be placed in
substantial jeopardy and impairment upon a default of the Notes.
The Debtors contend that prior to the Petition Date, the Company
entered into certain waiver documentation with holders of over 50%
of the aggregate outstanding principal amount of the Notes, which
demonstrates the support of these holders for deceleration of the
obligations owed under the Notes.  The Debtors further contend that
in addition to the rescission of the acceleration of the Notes, the
beneficial owners of the Notes waived the related events of default
and compliance with the change of control covenant as a result of
the Chapter 11 Cases and the debt incurrence and lien covenants in
respect of the debtor-in-possession credit facilities.  The Debtors
tell the Court that under the Indenture, the Common Depositary is
the only registered holder of the Notes, holding a global note in
which the beneficial owners of the Notes own an interest, including
those beneficial owners that delivered the waivers in connection
with the Chapter 11 Cases. The Debtors further tell the Court that
for purposes of having the waivers become effective, the beneficial
owners, owning more than 50% of the aggregate principal amount of
the Notes, are requesting the Common Depositary to deliver
documentation evidencing the waivers to the Indenture Trustee.

The Debtors assert that they have worked in cooperation with their
creditors and parties in interest, including Boardriders, to build
the consensus necessary to successfully reorganize in a way that
maximizes the value of the Debtors' estates towards a resolution of
these Chapter 11 Cases.  They relate that they have agreed with
Boardriders to allow Boardriders to decelerate the obligations owed
under the Notes.

The Debtors' attorneys can be reached at:

          Laura Davis Jones, Esq.
          James E. O'Neill, Esq.
          Jeffrey N. Pomerantz, Esq.
          John A. Morris, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP          
          919 North Market Street, 17th Floor
          P.O. Box 8705
          Wilmington, Delaware 19899-8705 (Courier 19801)
          Telephone: (302)652-4100
          Facsimile: (302)652-4400
          E-mail: ljones@pszjlaw.com
                  joneill@pszjlaw.com
                  jpomerantz@pszjlaw.com
                  jmorris@pszjlaw.com

                         About Quiksilver

Quiksilver, Inc., designs, produces and distributes branded
apparel, footwear and accessories.  The Company's apparel and
footwear brands, inspired by a passion for outdoor action sports,
represent a casual lifestyle for young-minded people who connect
with its boardriding culture and heritage.  The Company's
Quiksilver, Roxy, and DC brands have authentic roots and heritage
in surf, snow and skate.  The Company's products are sold in more
than 100 countries in a wide range of distribution, including surf
shops, skate shops, snow shops, its proprietary Boardriders shops
and other Company-owned retail stores, other specialty stores,
select department stores and through various e-commerce channels.
For additional information, please visit the Company's brand Web
sites at www.quiksilver.com, www.roxy.com and www.dcshoes.com.

Quiksilver began operations in 1976 as a California company making
boardshorts for surfers in the United States under a license
agreement with the Quiksilver brand founders in Australia. The
Company later reincorporated in Delaware and went public in 1986.

In fiscal year 2014 (ended Oct. 31, 2014), 34% of the Company's
revenue was generated by the Debtors, within the United States.
The remaining 66% is attributable to the Non-Debtor Affiliates
located outside the United States.

Sales at Company retail stores accounted for approximately 28% of
Company revenue during fiscal year 2014.  The Company's retail
shops include full-price stores, factory outlet stores, and
"shop-in-shops."  At the end of the fiscal year 2014, the Company
had approximately 266 full-price core brand stores, of which 75
are
located in the United States.

Quiksilver, Inc., and its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. D. Del., Case Nos. 15-11880 to 15-11890) on
Sept.
9, 2015. Andrew Bruenjes signed the petition as chief financial
officer.  The Debtors disclosed total assets of $337 million and
total debts of $826 million.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as the
Debtors'
legal advisor, FTI Consulting, Inc. as their restructuring
advisor,
and Peter J. Solomon Company as their investment banker.  Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.

The U.S. trustee overseeing the Chapter 11 cases of Quiksilver
Inc.
and its affiliates appointed seven members to the official
committee of unsecured creditors.



QUIZNOS: Investors to Appeal Dismissal of Restructuring Suit
------------------------------------------------------------
Maya Rajamani at Bankruptcy Law360 reported that affiliates of two
private equity investors on Oct. 16, 2015, filed a notice of their
intent to appeal the dismissal of a suit accusing bankrupt sandwich
chain Quiznos of misleading them about the company's financials in
order to land a 2012 restructuring deal with private equity funds.

The suit, brought by affiliates of Avenue Capital Group LLC and
Fortress Investment Group LLC, claimed that Quiznos' top brass
misrepresented and artificially inflated the company's financial
data in order to get the affiliates to restructure debt.

AS reported by Troubled Company Reporter on Oct. 20, 2015, Judge
Philip A. Brimmer of the U.S. District Court for the District of
Colorado dismissed in its entirety the case captioned AVENUE
CAPITAL MANAGEMENT II, L.P., a Delaware limited partnership, AVENUE
INTERNATIONAL MASTER, L.P., a Cayman Islands exempted
limited partnership, AVENUE INVESTMENTS, L.P., a Delaware limited
partnership, AVENUE SPECIAL SITUATIONS FUND VI (MASTER), L.P., a
Delaware limited partnership, MANAGED ACCOUNTS MASTER FUND
SERVICES-MAP10, a sub-trust of an umbrella unit trust constituted
by a trust deed governed by the laws of Ireland, AVENUE-CDP GLOBAL
OPPORTUNITIES FUND, L.P., a Cayman Islands exempted limited
partnership, AVENUE SPECIAL OPPORTUNITIES CO-INVESTMENT FUND I,
L.P., a Delaware limited partnership, AVENUE SPECIAL OPPORTUNITIES
FUND I, L.P., a Delaware limited partnership, DRAWBRIDGE SPECIAL
OPPORTUNITIES FUND L.P., a Delaware limited partnership, DRAWBRIDGE
SPECIAL OPPORTUNITIES FUND LTD, a Cayman Islands company, FCI
HOLDINGS I LTD, a Cayman Islands company, FCI HOLDINGS II LTD, a
Cayman Islands company, FCOF II UB SECURITIES LLC, a Delaware
limited liability company, FCOF UB INVESTMENTS LLC, a Delaware
limited liability company, FTS SIP L.P., a Jersey limited
partnership, PANGAEA CLO 2007-1 LTD, a Cayman Islands company,
SARGAS CLO I LTD, a Cayman Islands company, WORDEN MASTER FUND II
L.P., a Cayman Islands exempted limited partnership, and WORDEN
MASTER FUND L.P., a Cayman Islands exempted limited partnership,
Plaintiffs, v. RICHARD F. SCHADEN, an individual, RICHARD E.
SCHADEN, an individual, FREDERICK H. SCHADEN, an individual, GREG
MACDONALD, an individual, DENNIS SMYTHE, an individual, ANDREW R.
LEE, an individual, PATRICK E. MEYERS, an individual, JOHN M.
MOORE, an individual, THOMAS RYAN, an individual, and CONSUMER
CAPITAL PARTNERS LLC a/k/a Cervantes Capital LLC, a Delaware
limited liability company, Defendants, CIVIL ACTION NO.
14-CV-02031-PAB-KLM (D. Colo.).

The case arises out of the corporate restructuring of QCE, LLC and
its affiliated entities.  The Plaintiffs accused officer defendants
Greg MacDonald and Dennis Smythe, and manager defendants Richard F.
Schaden, Rick Schaden, Frederick Schaden, Andrew Lee, Patrick
Meyers, John Moore, Thomas Ryan, and Consumer Capital Partners LLC,
of making fraudulent representations regarding Quiznos' financial
condition in order to induce the plaintiffs to restructure Quiznos'
debt.

The Plaintiffs and defendants ultimately reached an agreement
whereby the plaintiffs agreed to fund Quiznos' restructuring in
exchange for a 70% ownership interest in the company.

The Plaintiffs brought the case seeking to recover damages they
suffered as a result of the defendants' allegedly fraudulent
representations during the transaction.

Two Motions to Dismiss were filed by the officer defendants and
manager defendants.

In an Order dated September 17, 2015, which is available at
http://is.gd/7DTQ06from Leagle.com, Judge Brimmer granted the  
officer defendants and manager defendants' Motions to Dismiss,
dismissed with prejudice the plaintiffs' securities fraud claims,
and denied as moot the Motion to Strike Jury Demand and Allegations
in Complaint.

Plaintiffs are represented by Daniel F. Wake, Esq. -- dwake@shb.com
-- Sander Ingebretsen & Wake, P.C., Jeffery A. Dailey, Esq. --
jdailey@akingump.com -- Akin, Gump, Strauss, Hauer & Feld, LLP,
Stephen M. Baldini, Esq. -- sbaldini@akingump.com -- Akin, Gump,
Strauss, Hauer & Feld, LLP, Allen Louis Lanstra, Esq. --
allen.lanstra@skadden.com -- Skadden, Arps, Slate, Meagher & Flom,
LLP, Richard Francis Schaden, Esq., Schaden & Cassinis, PLLC

Defendants are represented by Bruce Scott Bennett, Esq. --
bbennett@jonesday.com -- Jones Day, Bruce A. Lampert, Esq. --
Katzman Lampert & McClune, Christopher J. Lovrien,
Esq.--bbennett@jonesday.com -- Jones Day, Nathaniel Peardon
Garrett, Esq. -- ngarrett@jonesday.com -- Jones Day, Timothy R.
Beyer, Esq. -- tim.beyer@bryancave.com -- Bryan Cave LLP, Steven R.
Rider, Esq. -- srider@markuswilliams.com -- Markus Williams Young
&
Zimmermann LLC.

                          About Quiznos

Denver-based Quiznos -- http://www.quiznos.com/-- is a chain      
designed for today's busy consumers who are looking for a high
quality, tasty, freshly prepared alternative to traditional fast-
food restaurants.  With locations in 50 states and 30 countries,
Quiznos is one of the world's premier quick-service restaurant
chains and pioneer of the toasted sandwich; Quiznos restaurants
offer creative, chef-created sandwiches and salads using premium
ingredients.  Quiznos was founded in 1981 by chefs who discovered
that toasting brought out the best in every sandwich ingredient.

QCE Finance LLC and its affiliates sought protection under Chapter
11 of the Bankruptcy Code on March 14, 2014.  The lead case is QCE
Finance LLC (Case No. 14-10543, Bankr. D.Del.).  The case is
assigned to Judge Peter J. Walsh.

The Debtors' lead counsel are Ira S. Dizengoff, Esq., Philip C.
Dublin, Esq., Jason P. Rubin, Esq., and Kristine G. Manoukian,
Esq., at AKIN GUMP STRAUSS HAUER & FELD LLP, in New York.  The
Debtors' local counsel is Mark D. Collins, Esq., and Amanda
Steele, Esq., at RICHARDS, LAYTON & FINGER, P.A., in Wilmington,
Delaware.  The Debtors' investment banker and financial advisor is
Matthew J. Hart of LAZARD FRERES & CO. LLC.  Paul Ruh, Mark A.
Roberts, and Jonathan Tibus of Alvarez & Marsal serves as the
Debtors' restructuring advisors.  Prime Clerk LLC serves as the
Debtors' claims and noticing agent.

The lead debtor, QCE Finance LLC, scheduled $737,000 in total
assets plus "undetermined amounts".  It scheduled $618 million
plus "undetermined amounts" as liabilities.

The U.S. Trustee has appointed a seven-member official committee
of unsecured creditors.  The Committee has tapped Cousins Chipman
& Brown LLP's Scott D. Cousins, Esq., and Ann Kashishian, Esq.;
and Otterbourg P.C.'s Scott L. Hazan, Esq., Jenette A. Barrow-
Bosshart, Esq., and David M. Posner, Esq., as counsel.

Avenue Capital Management II, L.P. and its affiliates are
represented by John J. Rapisardi, Esq., and Joseph Zujkowski,
Esq., at O'Melveny & Myers LLP in New York.  Fortress Investment
Group and its affiliates are represented by Skadden Arps Slate
Meagher & Flom's Van C. Durrer, Esq.  Co-counsel to the Consenting
First Lien Lenders are Milbank Tweed Hadley & McCloy's Thomas R.
Kreller, Esq., and David B. Zolkin, Esq., and Morris Nichols Arsht
& Tunnell's Robert J. Dehney.  Counsel to the First Lien Agent is
Ropes & Gray's Mark R. Somerstein.  Counsel to the Second Lien
Agent is Pillsbury Winthrop's Bart Pisella, Esq., and Timothy P.
Kober, Esq.  Counsel to Vectra Bank Colorado, National
Association, is Kasowitz Benson's Adam L. Shiff, Esq.

Quiznos' Plan of Reorganization was confirmed by the U.S.
Bankruptcy Court in Wilmington, Delaware on May 12, 2014.  The
company on July 1, 2014, disclosed that it has successfully
completed its financial restructuring and emerged from Chapter 11.


RAHNDEE INDUSTRIAL: Liable for Tax Debt as Successor in Interest
----------------------------------------------------------------
In the case, RAHNDEE INDUSTRIAL SERVICES, INC., Plaintiff, v.
UNITED STATES OF AMERICA ex rel. THE INTERNAL REVENUE SERVICE and
RCB BANK, Defendants, ADV. NO. 13-01050-M (Bankr. N.D. Okla.),
Judge Terrence L. Michael of the United States Bankruptcy Court for
the Northern District of Oklahoma reached two conclusions on this
case: (1) that RahnDee is liable for the Tax Debt as the alter ego
of and successor in interest to FCI and Beryllium; and (2) by the
consent of the parties, the lien of RCB Bank on RahnDee's assets is
superior to the lien on those assets claimed by the Internal
Revenue Service.

Accordingly, Judge Michael dismissed Count One of the Adversary
Proceeding with prejudice.  All issues relating to the relative
priority of the IRS and RCB Bank in Count Two of the Adversary
Proceeding and the Answer and Counterclaim of RCB Bank are
resolved.

The case involves a transfer between corporations. The first
company, Beryllium, had a significant tax debt. The second,
company, RahnDee Industrial Services, Inc. was brand new, created
solely for the purpose of facilitating the acquisition. The
transaction was structured as an asset purchase; however, a lot of
things, like the nature of the business, its day-to-day management,
its telephone number, and its customers, did not change. Other
things, like its shareholder, did. The taxing authority cries foul,
and says the second corporation, RahnDee, should be made to pay the
taxes. RahnDee now a debtor in this Court, says the taxes are not
its problem.

Beryllium failed to properly pay its employment tax liabilities
owed for certain quarters in 2008 and 2009. This caused the IRS to
assess penalties and interest in addition to the original
employment tax debt against Beryllium. As the owners of Beryllium,
Jeffery R. Reetz and Joseph D. Grubb, under U.S. tax law, were
personally liable for the Trust Fund Taxes.

The parties have agreed that Beryllium and FCI which is also owned
by the parties, are alter egos, such that FCI may legally be held
responsible for Beryllium's debts.

Beryllium had no significant assets upon which the IRS could levy
to recover the Tax Debt. Reetz and Grubb then came up with Plan B
to sell FCI's assets -- the only unencumbered assets under their
control that had not been previously levied by the IRS in order to
pay the Trust Fund Taxes. An entity named RahnDee Industrial
Services, Inc. was then incorporated with the State of Oklahoma on
September, 25, 2012.

RahnDee filed an original petition for relief under Chapter 11 of
the United States Bankruptcy Code with this Court on May 20, 2013.
A plan was confirmed in this case on September 3, 2013, with the
understanding that the matters involved herein were yet to be
resolved. The IRS filed a proof of claim for $166,700.18, alleging
that the Tax Debt is owed by RahnDee, on the basis that RahnDee is
either the alter ego of or successor in interest to Beryllium/FCI
(the "IRS Claim").

RahnDee filed the adversary proceeding against the IRS on July 10,
2013.

The bankruptcy case is captioned IN RE: RAHNDEE INDUSTRIAL
SERVICES, INC., Chapter 11, Debtor, CASE NO. 13-11210-M (Bankr.
N.D. Okla.).

A full-text copy of Judge Michael's Memorandum Opinion dated
September 18, 2015, is available at http://is.gd/peZklvfrom
Leagle.com.

Rahndee Industrial Services, Inc., sought protection under Chapter
11 of the Bankruptcy Code on May 20, 2013 (Bankr. N.D. Okla., Case
No. 13-11210).  The case is assigned to Judge Terrence L. Michael.
The Debtor's Counsel is Mark A. Craige, Esq., at Crowe & Dunlevy,
in Tulsa, Oklahoma.  The petition was signed by Jeff Reetz,
president.


RAILYARD COMPANY: Amends Schedules of Assets and Liabilities
------------------------------------------------------------
Railyard Company LLC filed with the U.S. Bankruptcy Court for the
District of New Mexico an amended schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $13,000,000  
  B. Personal Property              $862,140
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $10,041,387
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $140,777      
             
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                        $1,039,203
                              --------------   --------------
        Total                    $13,852,140      $11,221,368      
                            

A copy of the amended schedules is available for free at
http://is.gd/EVTX5J

                        About Railyard Company

Railyard Company, LLC, owns and developed two-story Market Station
that houses the REI sporting goods store and other tenants.  It
filed a Chapter 11 petition (Bankr. D. N.M. Case No. 15-12386) on
Sept. 4, 2015.  The petition was signed by Richard Jaramillo as
managing member.  The Debtor is represented by William F. Davis,
Esq., at William F. Davis & Associates, P.C., as counsel.

The Debtor's Chapter 11 petition says the Company has about $11.2
million in debts and $13.8 million in assets.


RAILYARD COMPANY: Seeks Cash Collateral Use Through Dec. 31
-----------------------------------------------------------
Railyard Company, LLC, sought and obtained from Judge Robert H.
Jacobvitz of the U.S. Bankruptcy Court for the District of New
Mexico, authorization for the interim use of cash collateral, for
the period Sept. 4, 2015 through Dec. 31, 2015.

The Debtor contends that Thorofare Asset Based Lending Fund III, a
non-insider creditor, holds a lien against the cash collateral,
which consists of proceeds the Debtor obtains from subleasing its
commercial spaces. The Debtor relates that Thorofare holds a first
mortgage on the Debtor's leasehold interest in property located at
500 Market St., Santa Fe, New Mexico and that Thorofare has a claim
amount of $10,041,386.  The Debtor further relates that all tenant
rent payments on the Debtor's lease currently go to a lock box
checking account at City National Bank controlled by Thorofare.
The Debtor asserts that while the value of this account is listed
$59,211 in its Schedule B, it believes the amount to be
approximately $54,000.  The Debtor relates that the turnover of
these funds will fund the Cash Collateral expenditures.

The Debtor contends that it requires the use of cash collateral to
continue the operation of its business.  The Debtor further
contends that it needs the cash collateral for equipment, payroll,
payroll taxes, gross receipts taxes, insurance, materials and
supplies, other expenses incurred in the ordinary course of the
Debtor's business, and professional fees and expenses incurred in
connection with the Chapter 11 case.  The Debtor tells the Court
that without authority to use cash collateral it will be forced to
close immediately, resulting in irreparable harm and damage to the
Estate.

The final hearing on the Debtor's Motion is scheduled on Oct. 27,
2015 at 10:30 a.m.

Railyard Company is represented by:

          William F. Davis, Esq.
          WILLIAM F. DAVIS & ASSOC., P.C.
          6709 Academy NE, Suite A
          Albuquerque NM 87109
          Telephone: (505)243-6129
          Facsimile: (505)247-3185
          E-mail: daviswf@nmbankruptcy.com

                      About Railyard Company

Railyard Company, LLC, owns and developed two-story Market Station
that houses the REI sporting goods store and other tenants.  It
filed a Chapter 11 petition (Bankr. D. N.M. Case No. 15-12386) on
Sept. 4, 2015.  The petition was signed by Richard Jaramillo as
managing member.  The Debtor is represented by William F. Davis,
Esq., at William F. Davis & Associates, P.C., as counsel.

The Debtor's Chapter 11 petition says the Company has about $11.2
million in debts and $13.8 million in assets.



RANCH 967 LLC: Exit Plan Mulls Lot Sales, New $3 Million Loan
-------------------------------------------------------------
Ranch 967 LLC on Nov. 19, 2015, is scheduled to seek confirmation
of a reorganization plan that contemplates the Debtor obtaining $3
million in financing from a new lender and extending by five years
the maturity date of a $10.3 million loan provided by existing
lenders in 2013.

The Debtor has so far received unanimous support from creditors who
have voted on the Plan by the Oct. 9 deadline.  According to a
ballot summary filed by the Debtor's counsel on Oct. 14, 2015,
Classes 2 to 7 voted in favor of the Plan, with 100% of the amount
and number in each class voting to accept the Plan.  The Debtor has
not yet received a ballot from its primary secured lenders in Class
1.

The Debtor says the market value of its property as of June 19,
2015 on an "as is" basis was estimated to be $15,400,000.  Aegis
Group is conducting a new appraisal of the project but has not yet
completed the appraisal.  The Debtor believes it can achieve higher
sales value through an effective marketing process.

The Plan is predicated on a recapitalization of the Debtor through
an up to $3,000,000 in financing secured by a junior lien
(subordinated to all prior perfected liens) on the project.

The proceeds of this issuance will be available to be used to (a)
fund the interest reserve, and (b) pay for the capital improvements
to the extent that sufficient funds are not available for such
purpose after the payment of the lot release price to the
prepetition lender from the sale of Lots.

The Plan provides that:

   * Administrative claims will be paid in full in cash on the
effective date of the Plan.  As of the date Aug. 31, 2015, the
Debtor had incurred approximately $100,000 of administrative claims
and estimates that it will incur an additional $75,000 in
administrative expense claims between Sept. 1, 2015 and the
Effective Date of the Plan for a total of approximately $175,000.

   * The prepetition loan provided by a group of four Central Texas
families ("Lenders"), which have scheduled claims totaling $11.5
million, will be restructured to provide an interest rate of no
greater than 5% (simple) per annum and a maturity date of the fifth
anniversary of the Effective Date.  In the event of an uncured
default, the default rate of interest will be 18% per annum.  The
Debtor will be entitled to partial releases from the lenders' liens
subject to payment from the proceeds of the sale of the lots.

   * Holders of other allowed secured claims -- Dworaczyk
Enterprises (Class 2) in the amount of $127,000, SMA Asphalt, LLC
(Class 3) in the amount of $159,000, N-Hays Investors, LP (Class 4)
in the amount of $110,000, Pape-Dawson Engineers (Class 5) in the
amount of $121,000, and Plateau Land & Wildlife Management (Class
6) in the amount of $10,200 -- will be paid in full, with interest
at the rate of five percent per annum (simple interest), from lot
sale proceeds following full repayment of the Class 1 claims.

   * Holders of allowed unsecured class (Class 7) will be paid in
full, without interest, on a pro rata basis from any net lot sales
proceeds remaining after satisfying allowed secured claims.  The
Debtor's schedules reflect $961,000 in unsecured claims.

   * Holders of equity interests (Class 8) will retain their
interests in the Debtor.

Classes 1 to 7 are impaired and were entitled to vote on the Plan.
Only Class 8 is unimpaired.

The Debtor says that based on its assessment, unsecured creditors
would receive no distributions in a Chapter 7 case or in the event
of dismissal of the case.

The Debtor filed a proposed plan of reorganization and disclosure
statement on June 4, 2015.  The Debtor amended the proposed plan on
July 20, 2015.  The Debtor on Sept. 15 filed the solicitation
version of the Disclosure Statement.  A copy of the latest
iteration of the Disclosure Statement is available for free at:

       http://bankrupt.com/misc/Ranch_967_54_Am_DS.pdf

                        About Ranch 967 LLC

Ranch 967 LLC was formed to acquire and develop approximately 1,559
acres of real estate located in Dripping Springs, Texas.  Its
managing members are Brady Oman of Austin, Texas and Frank Carmel
from Bethesda, Maryland.

Ranch 967 purchased the property in November 2013 for $10.1
million, financed by a loan from a consortium of lenders located in
Texas under a single loan of $10,296,000.  The Company's intent was
to subdivide the property into 15 large executive ranches, build
the access road to the individual ranches, install underground
electrical access, an entrance gate and other improvements to the
property originally planned to be known as "O Bar Ranch".

Though the Company has been successful in taking steps to develop
the project and generate interested buyers of both lots and bulk
sales, the lenders did not extend the Nov. 25, 2015 maturity date
of the indebtedness.

A foreclosure sale scheduled by the lenders prompted Ranch 967 LLC
to file a Chapter 11 bankruptcy petition (Bankr. W.D. Tex. Case No.
15-10314) on March 3, 2015.  The petition was signed by Frank J.
Carmel, the managing member.

The Debtor disclosed $22,500,000 in assets and $12,979,971 in
liabilities as of the Chapter 11 filing.

Judge Tony M. Davis presides over the case.

On March 31, 2015, the U.S. Trustee filed its notice that it did
not intend to appoint a committee of unsecured creditors in the
Chapter 11 case.

The Debtor in April 2015 won approval to hire Taube Summers
Harrison Taylor Meinzer Brown as counsel, and Aegis Group, Inc. as
its appraiser.

The lenders sought and obtained entry of an order declaring that
the Ranch 967 bankruptcy case is a single asset real estate
proceeding subject to 11 U.S.C. Sec. 362(D)(3).


RANCH 967 LLC: Moves Plan Hearing to Nov. 19 for Discovery, Talks
-----------------------------------------------------------------
The hearing to consider confirmation of Ranch 967 LLC's
reorganization plan has been rescheduled to Nov. 19, 2015, at 8:30
a.m.  If the hearing has not concluded by 3:30 p.m., it will
continue to Nov. 20 at 9:30 a.m.

The Debtor, owner of a 1,559-acre real estate project in Dripping
Springs, Texas, has filed a reorganization plan that contemplates
the Debtor obtaining $3 million in financing from a new lender and
extending by five years the maturity date of a $10.3 million loan
provided by existing lenders in 2013.

Judge Troy M. Davis on Sept. 9 conducted a hearing on the
disclosure statement explaining the Debtor's Plan.  On Sept. 15,
the judge approved the Amended Disclosure Statement dated Sept. 15,
2015, set an Oct. 9 deadline for ballots and confirmation
objections, and scheduled an Oct. 15 hearing to consider
confirmation of the Plan.

The Debtor sought a continuance of the Oct. 15 hearing but
requested that the other deadlines not be moved.  The Debtor cited
ongoing settlement discussions between the Debtor and its lenders
(Rockafellow Investments, LLC, Jason Parrish, Germer Properties
LLC, Jody Wingrove, Allison Germer Burras and Equity Trust Company
(Custodian FBO Lawrence J. Germer IRA).  The Debtor also said that
due the personal commitments of their counsel, the parties have not
engaged in any discovery.

The Lenders opposed a continuance.  The Lenders acknowledged that
they have been engaged in good faith settlement discussions.  As of
Oct. 2, 2015, however, those discussions have not yielded a
mutually acceptable resolution of the issues in the case, but at no
time have those discussions been contingent upon re-setting the
confirmation hearing.  The Lenders also said that they are not
amenable to a continuance of the hearing without an extension of
the balloting and objection deadlines.

In response to the objection, the Debtor noted as of Oct. 5 every
ballot received by the Debtor (representing classes 2, 3, 5, 6 and
7) reflect unanimous support for the Plan.  The Debtor says it is
amenable to discussing an extension of time to submit ballots or
confirmation objections with the Lenders in connection with a
continuance of the confirmation hearing.

The Debtor also explained that while negotiations were ongoing, it
did not seem productive to be engaged in discovery.  The Debtor's
counsel also noted that one of the children of Berry Spears,
counsel to the Lenders, was getting married the weekend of Sept. 26
and out of deference to such occasion did not want to schedule
discovery.

"The purpose of the request for continuance is not for the purpose
of a strategic advantage, but rather to promote judicial economies
by ensuring an efficient use of the Court's time.  By granting the
continuance, the parties will have time to conduct discovery and
identify areas of agreement and disagreement, all of which redounds
to the benefit of the Debtor and all of its stakeholders," Eric J.
Taube, Esq., counsel to the Debtor, told the Court.

The Debtor's counsel:

         Eric J. Taube, Esq.
         Morris D. Weiss, Esq.
         Christopher G. Bradley, Esq.
         TAUBE SUMMERS HARRISON TAYLOR MEINZER BROWN LLP
         100 Congress Avenue, Suite 1800
         Austin, TX 78701
         Tel: (512) 472-5997
         Fax: (512) 472-5248
         E-mail: etaube@taubesummers.com
                 mtaylor@taubesummers.com
                 cbradley@taubesummers.com

The Lenders' counsel:

        Berry D. Spears, Esq.
        Stephen J. Humeniuk, Esq.
        LOCKE LORD LLP
        600 Congress Ave., Suite 2200
        Austin, TX 78701
        Tel: (512) 305-4700
        Fax: (512) 305-4800
        E-mail: bspears@lockelord.com
                stephen.humeniuk@lockelord.com

                        About Ranch 967 LLC

Ranch 967 LLC was formed to acquire and develop approximately 1,559
acres of real estate located in Dripping Springs, Texas.  Its
managing members are Brady Oman of Austin, Texas and Frank Carmel
from Bethesda, Maryland.

Ranch 967 purchased the property in November 2013 for $10.1
million, financed by a loan from a consortium of lenders located in
Texas under a single loan of $10,296,000.  The Company's intent was
to subdivide the property into 15 large executive ranches, build
the access road to the individual ranches, install underground
electrical access, an entrance gate and other improvements to the
property originally planned to be known as "O Bar Ranch".

Though the Company has been successful in taking steps to develop
the project and generate interested buyers of both lots and bulk
sales, the lenders did not extend the Nov. 25, 2015 maturity date
of the indebtedness.

A foreclosure sale scheduled by the lenders prompted Ranch 967 LLC
to file a Chapter 11 bankruptcy petition (Bankr. W.D. Tex. Case No.
15-10314) on March 3, 2015.  The petition was signed by Frank J.
Carmel, the managing member.  

The Debtor disclosed $22,500,000 in assets and $12,979,971 in
liabilities as of the Chapter 11 filing.

Judge Tony M. Davis presides over the case.

On March 31, 2015, the U.S. Trustee filed its notice that it did
not intend to appoint a committee of unsecured creditors in the
Chapter 11 Case.

The Debtor in April 2015 won approval to hire Taube Summers
Harrison Taylor Meinzer Brown as counsel, and Aegis Group, Inc. as
its appraiser.

The lenders sought and obtained entry of an order declaring that
the Ranch 967 bankruptcy case is a single asset real estate
proceeding subject to 11 U.S.C. Sec. 362(D)(3).


RANCH 967: Rockafellow Seeks Stay Relief to Foreclose Property
--------------------------------------------------------------
Rockafellow Investments, LLC, et al., ask the U.S. Bankruptcy Court
for the Western District of Texas, Austin Division for relief from
the automatic stay with respect to a 1,559.418 acre tract of real
property located in Hays County Texas ("Collateral").

Debtor Ranch 967 LLC executed a promissory note payable to the
order of Rockafellow Investments, LLC, et. al. in the original
principal sum of $10,296,000.00.  The note was secured by a deed of
trust covering the collateral.

Berry D. Spears, Esq., at Locke Lord LLP, in Austin, Texas, tells
the Court that the unpaid balance of the Movants' claims secured by
the Collateral was $11,500,491 as of the Petition Date.  Mr. Spears
further tells the Court that additional unpaid post-petition
interest has continued to accrue on the Movants' claims since the
Debtor filed its Chapter 11 petition.  He relates that the
appraiser conducted an analysis of the Collateral and concluded
that it had a market value of $13,975,000 as of May 25, 2015.

Mr. Spears contends that the Debtor has never made a principal
payment on the Note since its origination on Nov. 26, 2013 and that
the Debtor has made three interest-only payments on the Note, but
the bulk of these payments came from an escrow account that was
created when the Note was executed.  Mr. Spears further contends
that the Plan does not have a reasonable possibility of being
confirmed and that the Debtor's failure to make monthly payments
also establishes cause to modify the stay.  Mr. Spears relates that
Rockafellow Investments, LLC, et. al. Request that the stay be
modified to allow them to: (a) post the Collateral for foreclosure
on or before Nov. 9, 2015; (b) send all notices required by the
note, the deed of trust, or applicable state law; and enforce all
rights and remedies available to them under the note, the deed of
trust and/or applicable state law, including the right to foreclose
on the Collateral.

The Debtors are represented by:

          Berry D. Spears, Esq.
          Stephen J. Humeniuk, Esq.
          LOCKE LORD LLP
          600 Congress Ave., Suite 2200
          Austin, Texas 78701
          Telephone: (512)305-4700
          Facsimile: (512)305-4800
          E-mail: bspears@lockelord.com
                  stephen.humeniuk@lockelord.com

                        About Ranch 967 LLC

Ranch 967 LLC was formed to acquire and develop approximately 1,559
acres of real estate located in Dripping Springs, Texas.  Its
managing members are Brady Oman of Austin, Texas and Frank Carmel
from Bethesda, Maryland.

Ranch 967 purchased the property in November 2013 for $10.1
million, financed by a loan from a consortium of lenders located in
Texas under a single loan of $10,296,000.  The Company's intent was
to subdivide the property into 15 large executive ranches, build
the access road to the individual ranches, install underground
electrical access, an entrance gate and other improvements to the
property originally planned to be known as "O Bar Ranch".

Though the Company has been successful in taking steps to develop
the project and generate interested buyers of both lots and bulk
sales, the lenders did not extend the Nov. 25, 2015 maturity date
of the indebtedness.

A foreclosure sale scheduled by the lenders prompted Ranch 967 LLC
to file a Chapter 11 bankruptcy petition (Bankr. W.D. Tex. Case No.
15-10314) on March 3, 2015.  The petition was signed by Frank J.
Carmel, the managing member.  

The Debtor disclosed $22,500,000 in assets and $12,979,971 in
liabilities as of the Chapter 11 filing.

Judge Tony M. Davis presides over the case.

On March 31, 2015, the U.S. Trustee filed its notice that it did
not intend to appoint a committee of unsecured creditors in the
Chapter 11 Case.

The Debtor in April 2015 won approval to hire Taube Summers
Harrison Taylor Meinzer Brown as counsel, and Aegis Group, Inc. as
its appraiser.

The lenders sought and obtained entry of an order declaring that
the Ranch 967 bankruptcy case is a single asset real estate
proceeding subject to 11 U.S.C. Sec. 362(D)(3).



RAVENS PENTHOUSE: Case Summary & 3 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Ravens Penthouse LLC
        8601 Robert Fulton Drive, Suite 220
        Columbia, MD 21046

Case No.: 15-24604

Chapter 11 Petition Date: October 21, 2015

Court: United States Bankruptcy Court
       District of Maryland (Baltimore)

Judge: Hon. Robert A. Gordon

Debtor's Counsel: Gary R. Greenblatt, Esq.
                  MEHLMAN, GREENBLATT & HARE, LLC
                  723 South Charles Street, Suite LL3
                  Baltimore, MD 21230
                  Tel: (410) 547-0300
                  Fax: (410) 547-7474
                  Email: grgreen@mehl-green.com

Total Assets: $4.76 million

Total Liabilities: $4.26 million

The petition was signed by Timothy R. Hearn, manager.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/mdb15-24604.pdf


RELATIVITY MEDIA: Ryan Kavanaugh-Led Group Clinches Control of Co.
------------------------------------------------------------------
Tom Corrigan, writing for Dow Jones' Daily Bankruptcy Review,
reported that investors led by Relativity Media LLC's founder and
chief executive, Ryan Kavanaugh, have completed a deal to take
control of the Hollywood studio the same week the company announced
it completed the sale of its television business to senior
lenders.

According to the report, Mr. Kavanaugh's investors include
supermarket mogul Ron Burkle, Chicago-based investor Joseph
Nicholas and Orinda, Calif.-based VII Peaks Capital LLC, court
papers show.  The group said it had completed transactions allowing
it to take control of what remains of Relativity, buying out all
but $60 million of the company's senior debt for $65 million in
cash, the report related.

                    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.


ROBERT J. MEIER: Objections to Ex-Wife's $300K Claim Overruled
--------------------------------------------------------------
Judge Jack B. Schmetterer of the United States Bankruptcy Court for
the Northern District of Illinois, Eastern Division, overruled the
objections and denied the motions attacking the opinion allowing an
ex-wife's $300,000 claim as a priority claim.

While Robert Meier's bankruptcy case was in Chapter 11, he did not
make any payments to Martha Maggiore for support as required by his
divorce.  After the conversion to Chapter 7, Martha amended her
proof of claim to add a priority unsecured claim for missed
payments under the Marriage Settlement Agreement.  Edward Shrock
objected.  That objection was overruled and Martha's claim for
$300,000 as a priority claim was allowed.  Shrock then moved to
vacate the order overruling his objection.  Robert's bankruptcy
counsel, Bauch & Michaels, LLC, and special counsel, Nixon Peabody,
LLP, who are also creditors in the case filed a motion to
reconsider the second opinion and resulting order.  A scheduling
order was issued requiring any other objections to be filed by July
31, 2015, and setting a briefing schedule.  The Chapter 11 Counsel
then filed an objection, which was a verbatim copy of its motion
for reconsideration.

The case is captioned In re: Robert J. Meier, Chapter 7 (Converted
from Chapter 11), Debtor, BANKRUPTCY NO. 14-BK-10105 (Bankr. N.D.
Ill.).

A full-text of Judge Schmetterer's Memorandum Opinion dated
September 15, 2015, is available at  http://is.gd/GN8YmBfrom
Leagle.com.


ROSETTA RESOURCES: Moody's Withdraws Ba3 Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service has withdrawn all of its ratings for
Rosetta Resources Inc. The withdrawals follow Rosetta's acquisition
by Noble Energy, Inc. (Noble, Baa2 stable) in July 2015 and the
subsequent repayment of all of Rosetta's outstanding debt.

Ratings Withdrawn:

Issuer: Rosetta Resources Inc.

Ba3 Corporate Family Rating

Ba3-PD Probability of Default Rating

SGL-3 Speculative Grade Liquidity Rating

Outlook Action:

Outlook, Changed To Rating Withdrawn From Rating Under Review

RATINGS RATIONALE

On July 20, 2015, stockholders of Rosetta approved the merger of
Rosetta into a subsidiary of Noble. Subsequently, 99.4% of the
outstanding Rosetta senior notes were tendered for exchange into
Noble senior notes with the same terms. Noble called for and
redeemed the remaining approximately $11 million aggregate
principal amount of Rosetta senior notes.

Rosetta Resources Inc. is an independent exploration and production
company headquartered in Houston, Texas that was acquired by Noble
Energy, Inc. in July 2015 in a $3.7 billion all-stock deal,
including Rosetta's $1.8 billion of net debt.



SAINT MICHAEL'S: Court OKs CohnReznick LLP as Panel's Advisor
-------------------------------------------------------------
The Official Committee of Unsecured Creditors of Saint Michael's
Medical Center, Inc. and its debtor-affiliates sought and obtained
permission from the Hon. Vincent F. Papalia of the U.S. Bankruptcy
Court for the District of New Jersey to retain CohnReznick LLP as
financial advisor to the Committee, nunc pro tunc to August 19,
2015.

The Committee requires CohnReznick LLP to:

   (a) at the request of Committee's counsel, analyze and review
       key motions to identify strategic financial issues in the
       case;

   (b) gain an understanding of the Debtor's corporate structure,
       including non-Debtor entities;

   (c) perform a preliminary assessment of the Debtor's DIP
       budgets;

   (d) establish reporting procedures that will allow for the
       monitoring of the Debtor's post-petition operations and
       sales efforts;

   (e) develop and evaluate alternative sales strategies;

   (f) open independent lines of communication with regulatory and

       political contacts;

   (g) scrutinize proposed transactions, including the assumption
       and/or rejection of executory contracts;

   (h) identify, analyze and investigate transactions with non-
       debtor entities and other related parties;

   (i) monitor Debtor's weekly operating results;

   (j) analyze Debtor's budget to actual results on an ongoing
       basis for reasonableness and cost control;

   (k) communicate findings to the Committee;

   (l) perform forensic accounting procedures, as directed by the
       Committee and Counsel;

   (m) investigate and analyze all potential avoidance action
       claims;

   (n) prepare preliminary dividend analyses to determine the
       potential return to unsecured creditors;

   (o) review the reasonableness of any proposed key employee
       retention plan;

   (p) monitor the sales process and supplement the lists of
       potential buyers;

   (q) assist the Committee and its counsel in negotiating the key

       terms of a plan of reorganization of plan of liquidation;
       and

   (r) render assistance as the Committee and its counsel may deem

       necessary.

CohnReznick LLP will be paid at these hourly rates:

       Partner/Senior Partner         $600-$810
       Manager/Senior Manager/
       Director                       $440-$630
       Other Professional Staff       $295-$430
       Paraprofessional               $195

CohnReznick LLP will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Bernard A. Katz, retired senior partner of CohnReznick LLP, 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.

CohnReznick LLP can be reached at:

       Bernard A. Katz
       COHNREZNICK LLP
       1212 Avenue of the Americas
       New York, NY 10036
       Tel: (212) 297-0400
                 
                About Saint Michael's Medical Center

Saint Michael's Medical Center, Inc., was incorporated in 2008 to
acquire St. Michael's Medical Center and 2 other now defunct
hospitals (Saint James Hospital and Columbus Hospital) was
acquired from Cathedral Healthcare System Inc., a New Jersey
nonprofit.

SMMC is a second tier subsidiary of Trinity Health Corporation.
The immediate sole corporate member of SMMC is Maxis Health
System, a Pennsylvania not-for-profit corporation.

Established by the Franciscan Sisters of the Poor in 1867, St.
Michael's Medical Center is a 357- bed licensed regional
tertiary-care, teaching, and research center in the heart of
Newark, New Jersey's business and educational district and is
accredited by The Joint Commission.

On Aug. 10, 2015, SMMC Inc. and three affiliated debtors each filed
a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code in the U.S. Bankruptcy Court for the District of
New Jersey.  The cases are pending before the Honorable Vincent F.
Papalia, and the Debtors have requested that their cases be jointly
administered under Case No. 15-24999.

The Debtors tapped Cole Schotz P.C. as bankruptcy counsel;
EisnerAmper LLP as financial advisor; and Prime Clerk LLC as claims
and noticing agent.

SMMC estimated $100 million to $500 million in assets and debt.


SAMSON RESOURCES: Can Hire Klehr Harrison as Co-Counsel
-------------------------------------------------------
Samson Resources Corporation and its debtor-affiliates ask the U.S.
Bankruptcy Court for the District of Delaware for permission to
employ Klehr Harrison Harvey Branzburg LLP as their co-counsel.

Responses for the Debtors' application must be filed by Nov. 6,
2015, at 4:00 p.m. at 824 Market Street, Third Floor in Wilmington,
Delaware.  A hearing to consider the Debtors' request has yet to
determine.  Objections, if any, are due Nov. 6, 2015, at 4:00 p.m.

The firm will:

     a) provide legal advice regarding local rules, practices,
precedent, and procedures and provide substantive and strategic
advice on how to accomplish the Debtors' goals in connection with
the prosecution of these cases, bearing in mind that the Court
relies on co-counsel as the firm to be involved in all aspects of
each of the bankruptcy proceeding;

     b) appear in Court, depositions, and at any meeting with the
U.S. Trustee and any meeting of creditors at any given time on
behalf of the Debtors as their co-counsel;

     c) attend meetings and negotiate with representative of
creditors and other  parties in interest;

     d) review, comment and prepare drafts of documents and
discovery materials to be filed with the Court as co-counsel to the
Debtors an served on parties on third parties in these Chapter 11
cases;

     e) advise and assist the Debtors with respect to the reporting
requirements of the United States Trustee;

     f) take all necessary actions to protect and preserve the
Debtors' estates, including prosecuting actions on the Debtors'
behalf, defending any action commenced against the Debtors, and
representing the Debtors in negotiations concerning litigation in
which the Debtors are involved, including objections to claims and
filed against the Debtors' estates;

     g) perform various services in connection with the
administration of these cases, including, without limitation:

             i) preparing, certificates of no objection,
certifications of counsel, notices of fee applications and
hearings, agendas, and hearing binders of documents and pleadings;

            ii) monitoring the docket for filing and coordinating
the K&E on pending matters that need response;

           iii) preparing and maintaining critical dates memoranda
to monitor pending applications, motions, hearing dates, and other
matters and the deadlines associated with the same;

            iv) generally prepare and assist in preparation, and
file on behalf of the Debtors all necessary motions, notices,
applications, answers, orders, reports and papers in support of
positions taken by the Debtors; and

             v) handling inquiries and calls from creditors and
counsel to interested parties regarding pending matters and the
general status of these cases and coordinating with Kirkland &
Ellis International LLP ("K&E") on any necessary response; and

     h) perform all other services assigned by the Debtors, in
consultation with K&E, to the firm as co-counsel to the Debtors,
and to the extent the firm determines that such services fall
outside of the scope of services historically or generally
performed by the firm as co-counsel in a bankruptcy proceeding, the
firm will file a supplemental declaration.

The firm's currently hourly rates for matters related to these
Chapter 11 cases:

   Designation            Hourly Rate
   -----------            -----------
   Partners               $360-$700
   Counsel                $300-$450
   Associates             $230-$425
   Paralegals             $150-$300

Andrew Kidd, Esq., senior vice president and general counsel of the
Debtors, assures the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

                      About Samson Resources

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (D. Del. Lead Case No. 15-11934) on Sept. 16, 2015.
Philip W. Cook signed the petition as executive vice president and
chief financial officer.  The Debtors estimated assets and
liabilities of more than $1 billion.

Samson is an onshore oil and gas exploration and production company
with interests in various oil and gas leases primarily located in
Colorado, Louisiana, North Dakota, Oklahoma, Texas, and Wyoming.
The Operating Companies operate, or have royalty or working
interests in, approximately 8,700 oil and gas production sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.
Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors' investment
banker.  Garden City Group, LLC serves as claims and noticing agent
to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.


SAMSON RESOURCES: Files Statements and Schedules
------------------------------------------------
Samson Resources Corporation filed with the U.S. Bankruptcy Court
for the District of Delaware its statements of financial affairs,
and schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property            
  B. Personal Property        $4,245,253,234
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                            $1,953,122,364
  E. Creditors Holding
     Unsecured Priority
     Claims                                           
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                    $2,378,653,125
                              --------------   --------------
        Total                 $4,245,253,234   $4,331,775,489
                             (+ Undetermined   (+ Undetermined
                             Amounts)          Amounts)            
                 

A copy of the schedules is available for free at
http://is.gd/E3E5Up

                      About Samson Resources

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (D. Del. Lead Case No. 15-11934) on Sept. 16, 2015.
Philip W. Cook signed the petition as executive vice president and
chief financial officer.  The Debtors estimated assets and
liabilities of more than $1 billion.

Samson is an onshore oil and gas exploration and production company
with interests in various oil and gas leases primarily located in
Colorado, Louisiana, North Dakota, Oklahoma, Texas, and Wyoming.
The Operating Companies operate, or have royalty or working
interests in, approximately 8,700 oil and gas production sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.
Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors' investment
banker.  Garden City Group, LLC serves as claims and noticing agent
to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.


SANDISK CORP: S&P Puts 'BB+' CCR on CreditWatch Negative
--------------------------------------------------------
Standard & Poor's Ratings Services placed all of its ratings,
including its 'BB+' corporate credit rating, on Milpitas,
Calif.-based SanDisk Corp. on CreditWatch with negative
implications.

"The CreditWatch placement follows SanDisk's announcement that
Western Digital will acquire the company," said Standard & Poor's
credit analyst Jenny Chang.  "We anticipate that initial gross
leverage will increase to the mid- to high-3x area, pro forma for
the transaction," Ms. Chang added.



SBMC HEALTHCARE: Court Stikes Amended Motion to Convert Case
------------------------------------------------------------
The Hon. Jeff Bohm of the U.S. Bankruptcy Court for the Southern
District of Texas struck Marty McVey's amended motion to convert
the Chapter 11 case of SBMC Healthcare, LLC, to one under Chapter 7
of the Bankruptcy Code.  The Debtor requested that the Court strike
the motion to convert, delay ruling on pending fee applications; or
for order requiring Liquidating Trustee to account for all
post-confirmation financial transactions.

                      About SBMC Healthcare

Houston, Texas-based SBMC Healthcare, LLC, is 100% owned by McVey
& Co. Investments LLC.  It filed a Chapter 11 petition (Bankr.
S.D. Tex. Case No. 12-33299) on April 30, 2012.  The petition was
signed by the president of McVey & Co. Investments LLC, sole
manager.  The Debtor disclosed $40,149,593 in assets and
$13,108,268 in liabilities as of the Chapter 11 filing.  Marilee
A. Madan, P.C. in Houston, Texas, is the Debtor's general
bankruptcy counsel.  Millard A. Johnson, Esq., and Sara Mya Keith,
Esq., at Johnson DeLuca, Kurisky & Gould, P.C., in Houston, serve
as the Debtor's special bankruptcy counsel.  Judge Jeff Bohm
presides over the case.

The Official Committee of Unsecured Creditors is represented by
Hall Attorneys, P.C.  The Committee retained BMC Group, Inc., to
assist with the compilation, administration, evaluation, and
production of documents and information necessary to support the
Committee's duties.


SCARBOROUGH-ST. JAMES: Bankruptcy Case Dismissed
------------------------------------------------
Judge Laurie Selber Silverstein of the United States Bankruptcy
Court for the District of Delaware granted Scarborough-St. James
Corporation's motion to dismiss its Chapter 11 case.

The Debtor filed a voluntary petition under chapter 11 on March 19,
2015.  Since that time, the Court has issued three substantive
rulings.  The first two rulings are embodied in that certain Order
granting Landlord 67500 South Main Street, Richmond, LLC's Motion
for Relief from the Automatic Stay and denying Landlord's Motion
for Adequate Protection which issued in connection with that
certain opinion of the same date.  The third substantive ruling, a
bench ruling, granted Landlord's motion for an order directing the
surrender of the Shopping Center after Debtor failed to assume or
reject, within the time permitted to do so, that certain Amended
and Restated Intermediate Lease made as of June 26, 2006.

The Debtor moved to dismiss its Chapter 11 case arguing that
because of the relief granted by the Court, there is no remaining
purpose for Debtor to remain in the bankruptcy case.

The case is captioned In re: Scarborough-St. James Corporation,
Chapter 11, Debtor, CASE NO. 15-10625 (LSS)(Bankr. D. Del.).

A full-text copy of Judge Silverstein's memorandum dated September
24, 2015, is available at http://is.gd/9rznsafrom Leagle.com.

Scarborough-St. James Corporation, Debtor, represented by Ian
Connor Bifferato, Esq. -- cbifferato@bifferato.com -- BIFFERATO
LLC, Michael T. Conway, Esq. -- michael.conway@leclairryan.com --
LECLAIRRYAN, A PROFESSIONAL CORPORATION, Thomas F. Driscoll III,
Esq. -- tdriscoll@bifferato.com -- BIFFERATO LLC

United States Trustee, U.S. Trustee, represented by Timothy Jay Fox
Jr., Office of the United States Trustee.

               About Scarborough-St. James

Headquartered in New York, New York, Scarborough-St James
Corporation filed for Chapter 11 protection on December 17, 2003
(Bankr. S.D.N.Y. Case No. 03-17966). Michael T. Conway, Esq., at
Lazare Potter Giacovas & Kranjac, LLP represent the Debtors in
their restructuring efforts. When the Company filed for protection
from their creditors, they listed both estimated debts and assets
of more than $10 million.


SEARS METHODIST: Has Authority to Enter into Substitution Agreement
-------------------------------------------------------------------
Judge Stacey G.C. Jernigan of the United States Bankruptcy Court
for the Northern District of Texas, Dallas Division, granted the
motion of Odessa Methodist Housing, Inc., Sears Methodist
Retirement System, Inc. and Sears Permian Retirement Corporation
seeking authority to enter into a substitution agreement with
retirement housing foundation, approval of the pro rata
distribution of the reimbursement payment to bankruptcy
professionals, and dismissal of the Chapter 11 case of Odessa
Methodist Housing, Inc.

The Debtors are authorized and directed to take any and all actions
necessary or appropriate to perform, consummate, implement and
close fully on the Substitution Agreement, together with all
additional instruments and documents that may be reasonably
necessary or desirable to implement the Substitution Agreement and
all transfers and actions contemplated therein.  The Debtors and
RHF may enter into any amendment, supplement, or modification to
the Substitution Agreement that is not material or is not adverse
to the Debtors' estates without the need of further notice and
hearing or Court order upon approval by HUD.  Further, the failure
to specifically include any particular provision of the
Substitution Agreement in the Order will not diminish or impair the
efficacy of such provisions, it being the intent of the Court that
the Substitution Agreement with RHF and each and every provision,
term and condition thereof be, and therefore is, authorized,
approved and ratified in its entirety.

SMRS is authorized and directed to distribute the Reimbursement
Payment to the Bankruptcy Professionals in accordance with the
waiver of further fees and expenses by the Bankruptcy Professionals
and in full and final satisfaction of all unpaid fees and expenses
incurred by such professionals in connection with the HUD Cases.
The services provided by the Bankruptcy Professionals to or in
connection with OMH and the OMH Chapter 11 Case will be deemed
terminated upon payment of the Reimbursement Payment and dismissal
of the OMH Chapter 11 Case.  A&M will continue to provide services
to OMH for a reasonable time after the dismissal of the OMH Chapter
11 Case related to the transfer of SMRS's and Permian's powers and
responsibilities over OMH and operations of Desert Haven to RHF.
A&M will not receive any compensation, other than its pro rata
share of the Reimbursement Payment described in Paragraph 34 of the
Motion, in exchange for the transition services described in the
prior sentence.  The OMH Chapter 11 Case will be dismissed
immediately upon entry of the Order.

The Substitution Agreement will allow OMH to continue to operate as
a non-profit entity providing low-income housing to seniors.  In
addition, the Substitution Agreement will allow for a smooth
transition of the operations of Desert Haven from SMRS to a
RHF-affiliated entity or other qualified management company.  The
Substitution Agreement was negotiated in good faith and at arm’s
length with a unrelated company dedicated to providing housing to
more than 20,000 people in need.

HUD, as OMH's only secured creditor with a security interest in
substantially all of OMH's assets, has issued final and
unconditional approval of the MTPA and believes that the transfers
contemplated by the Substitution Agreement are in the best
interests of the low income residents of Desert Haven.

Sears Methodist Retirement System, Inc., et al. are represented
by:

          Vincent P. Slusher, Esq.
          Andrew Zollinger, Esq.
          1717 Main Street, Suite 4600
          Dallas, TX 75201-4629
          Tel: (214) 743-4500
          Fax: (214) 743-4545
          Email: vincent.slusher@dlapiper.com
                 andrew.zollinger@dlapiper.com

             -- and --

          Thomas R. Califano, Esq.
          DLA PIPER LLP (US)
          1251 Avenue of the Americas
          New York, NY 10020-1104
          Tel: (212) 335-4500
          Fax: (212) 335-4501
          Email: thomas.califano@dlapiper.com

                     About Sears Methodist

Sears Methodist Retirement System Inc. provides luxurious residency
to seniors.  The system includes: (i) eight senior living
communities located in Abilene, Amarillo, Lubbock, Odessa and
Tyler, Texas; (ii) three veterans homes located in El Paso, McAllen
and Big Spring, Texas, managed by Senior Dimensions, Inc., pursuant
to contracts between SDI and the Veterans Land Board of Texas; and
(iii) Texas Senior Management, Inc. ("TSM"), Senior Living
Assurance, Inc. ("SLA") and Southwest Assurance Company, Ltd.
("SWAC"), which provide, as applicable, management and insurance
services to the System.  Sears Methodist Senior Housing, LLC, is
the general partner of, and controls .01% of the interests in,
Canyons Senior Living, L.P. ("CSL").

Sears Methodist and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 14-32821)
on June 10, 2014.  The cases are assigned to Judge Stacey G.
Jernigan.

The Debtors' counsel is Vincent P. Slusher, Esq., and Andrew
Zollinger, Esq., at DLA Piper LLP (US), in Dallas, Texas; and
Thomas R. Califano, Esq., Gabriella L. Zborovsky, Esq., and Jacob
S. Frumkin, Esq., at DLA Piper LLP (US), in New York.  The Debtors'
financial advisor is Alvarez & Marsal Healthcare Industry Group,
LLC, while the Debtors' investment banker is Cain Brothers &
Company, LLC.  The Debtors' notice, claims and solicitation agent
is GCG Inc.

The Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.

The Official Committee of Unsecured Creditors is represented by
Clifton R. Jessup, Jr., Esq., and Bryan L. Elwood, Esq., at
Greenberg Traurig, LLP, in Dallas, Texas.


SHINGLE SPRINGS: Moody's Affirms 'B2' Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service affirmed Shingle Springs Tribal Gaming
Authority's Corporate Family Rating at B2, its Probability of
Default Rating at B2-PD, and its $260 million senior unsecured
notes due 2021 at B2. The B1 rating on the company's existing its
$15 million revolver due 2016 and $193 million term loan B
(outstanding) due 2019 will be withdrawn once the transaction
closes. The company has a stable rating outlook.

The proposed bank facility (unrated), made up of a $40 million
senior secured priority revolver and $150 million senior secured
term loan B -- both due 2020 -- will be used along with about $43
million in cash to refinance the existing bank facility in full.
The $40 million reduction in debt will cause leverage to improve to
2.9x from 3.2x and the approximate $7 million in annual interest
savings will improve interest coverage to about 3.7x. "Despite the
benefits of the proposed refinancing, including improved leverage,
pushed out maturities, and stronger interest coverage, Shingle
Springs' ratings are still constrained by its small scale in terms
of revenue especially given its lack of geographic
diversification", said Peter Trombetta, an analyst at Moody's.

Ratings affirmed:

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

$260 million senior unsecured notes due 2021 at B2 (LGD4)

Ratings affirmed and to be withdrawn when the transaction closes:

Existing $15 million senior secured first out revolver expiring in
2016 at B1 (LGD3)

Existing $193 million (outstanding) senior secured term loan due
2019 at B1 (LGD3)

RATINGS RATIONALE

Shingle Spring's B2 CFR takes into consideration its small size in
terms of revenue and single asset profile which subjects it to
greater risks than a multi-facility, more geographically diverse
gaming company. Shingle Spring's lack of diversification increases
its vulnerability to regional economic swings, market conditions,
promotional activity, and earnings compression. The rating is
supported by the company's good credit metrics -- pro forma
debt/EBITDA is 2.9x and EBIT/interest is 3.9x -- and its stable
performance despite the opening of the larger Graton Rancheria
casino north of San Francisco.

The stable rating outlook reflects Moody's view that Shingle
Springs will continue to generate good free cash flow and maintain
debt/EBITDA of about 3.0 times and EBIT/interest expense of about
3.5 times.

Shingle Spring's ratings could be downgraded if earnings
deteriorate for any reason such that debt/EBITDA approaches 5.0
times or EBIT/interest approaches 2.0 times. Shingle Spring's
ratings could be upgraded if the company can grow its earnings,
maintain positive free cash flow and good liquidity, as well as
continue to exhibit conservative financial policy in terms of its
tribal distributions.

The Shingle Springs Tribal Gaming Authority is an unincorporated
governmental authority of the Shingle Springs Band of Miwok
Indians. The Authority was formed to develop, own and operate the
Red Hawk Casino, which opened on December 17, 2008 near Sacramento,
California. The casino features over 2,350 gaming machines, 60
table games, a six-table poker room, and other amenities.



SIGNAL INTERNATIONAL: Stay Modified for 2nd Cir. to Rule on Appeal
------------------------------------------------------------------
Judge Mary F. Walrath of the United States Bankruptcy Court for the
District of Delaware modified the automatic stay to permit the
continued consideration of an appeal filed by Signal International
LLC to the U.S. Court of Appeals for the Second Circuit.

Pursuant to the Order, the automatic stay is modified solely to the
extent necessary to permit the Second Circuit to continue
considering SI LLC's appeal from the insurance judgment in favor of
Max Specialty; provided that, the provisions of Section 362 of the
Bankruptcy Code, including, without limitation, those provisions
prohibiting the execution, enforcement or collection in connection
with the Insurance Judgment from and against any assets or
properties of the Debtors' estates will otherwise remain in full
force and effect, and neither Max Specialty nor any of their
agents, attorneys or representatives will take any action or
attempt to cause any action to be taken to collect all or any
portion of the Insurance Judgment from the assets or properties of
the Debtors’ estates.  The Debtors are authorized to take such
steps that are necessary to implement the Order.

Fireman's Fund Insurance Company, National Liability and Fire
Insurance Company and QBE Marine & Energy Syndicate 1036 join in
the Debtors' motion for an order modifying the automatic stay,
telling the Court that all parties agree that the Second Circuit
should proceed to issue its decision, as the matter has been fully
briefed.  Allowing the Second Circuit to proceed to issue its
judgment is necessary to determine and administer the Debtors’
estates. Lifting the automatic stay in this instance is in the best
interests of the Debtors and their estates.

Fireman's Fund Insurance Company, National Liability and Fire
Insurance Company and QBE Marine & Energy Syndicate 1036 are
represented by:

          William D. Sullivan, Esq.
          William A. Hazeltine, Esq.
          Elihu E. Allinson III, Esq.
          SULLIVAN ∙ HAZELTINE ∙ ALLINSON LLC
          901 North Market Street, Suite 1300
          Wilmington, DE 19801
          Tel: (302) 428-8191
          Fax: (302) 428-8195
          Email: bsullivan@sha-llc.com
                 whazeltine@sha-llc.com
                 zallinson@sha-llc.com

                      - and -

          John A.V. Nicoletti, Esq.
          Val Wamser, Esq.
          NICOLETTI HORNIG & SWEENEY
          Wall Street Plaza
          88 Pine Street
          New York, NY 10005
          Tel: (212) 220-3830
          Fax: (212) 220-3780
          Email:  jnicoletti@nicolettihornig.com
                  vwamser@nicolettihornig.com

                       About Signal International

Signal International Inc. -- http://www.signalint.com/-- primarily
engages in the business of offshore drilling rig overhaul, repair,
upgrade, and conversion, as well as new shipbuilding construction.

Additionally, Signal provides services to the general marine and
heavy fabrication markets for barges, power plants, and modular
construction.  

Signal International, LLC ("SI LLC"), was organized on Dec. 6,
2002, as a limited liability company after acquiring the assets of
the Offshore Division of Friede Goldman Halter from bankruptcy.

SI Inc. was incorporated on Oct. 12, 2007, and began operations
with offshore fabrication and repair in Mississippi.  Signal's
corporate headquarters are in Mobile, Alabama, with operations in
Alabama and Mississippi, and a sales office in Texas.

On Oct. 3, 2014, Signal International Texas, L.P., sold
substantially all of its assets to Westport Orange Shipyard, LLC,
in a partially seller-financed transaction for a total purchase
price of $35,900,000.  As part of the transaction, Westport
provided a down payment of $7,000,000 and delivered a promissory
note in the principal amount of $28,900,000 to SI Texas due on or
before Oct. 3, 2019 (the "Texas Note").

On July 12, 2015, SI Inc. and its direct and indirect wholly owned
subsidiaries, including SI LLC, commenced cases under chapter 11 of
title 11 of the United States Code (Bankr. D. Del. Lead Case No.
15-11498).

The Debtors tapped Young Conaway Stargatt & Taylor LLP as
bankruptcy counsel, Hogan Lovells US LLP as general corporate
counsel, GGG Partners, LLC, as financial and restructuring
advisors, and Kurtzman Carson Consultants LLC as claims and
noticing agent.

Signal International Inc. estimated $10 million to $50 million in
assets and $50 million to $100 million in debt.

The U.S. Trustee for Region 3 appointed seven creditors to serve on
the official committee of unsecured creditors.


STAR WEST: Moody's Puts Ba3 Rating Under Review for Downgrade
-------------------------------------------------------------
Moody's Investors Service placed Star West Generation, LLC's (Star
West or SWG) Ba3 senior secured credit facilities under review for
downgrade. The facilities consist of a currently outstanding $693
million senior secured term loan B due March 2020 and a $100
million senior secured revolving credit facility due March 2018.

RATINGS RATIONALE

The review for downgrade stems from the announcement on September
21, 2015 that Star West intends to sell off its contracted
portfolio of assets in California to AltaGas (unrated) for
approximately $642 million. These assets consist of the 330MW Tracy
combined cycle facility and the 97MW Hanford and 97MW Henrietta
peaking units, collectively referred to as GWF Energy (GWF,
unrated). "The potential divestiture of the GWF assets means Star
West would lose meaningful cash flow which would otherwise support
Star West's debt" said Moody's analyst Charles Berckmann. Currently
the loan agreement does not permit a sale of the GWF assets.

Moody's calculates that GWF provides greater cash flow on a
relative basis as measured by cash flow generated per megawatt-hour
(MWh). On an absolute basis, the free, distributable cash flow from
the GWF assets also exceeds the post-debt service cash flow that
SWG is able to provide, even though SWG is twice the size of the
GWF assets measured by total nominal capacity.

Moody's review will focus on SWG's ultimate plans following the
announced transaction and whether the existing loan agreements
could potentially accommodate the sale of the GWF Energy Assets
and, if so, the extent of the use of proceeds from the sale.

Star West owns the 570 MW Griffith and the 579 MW Arlington Valley
natural gas-fired, combined-cycle power generation projects in
Arizona. Arlington is contracted on a summer-basis only through
2019 with an investment grade utility in Arizona while Griffith has
a summer-only tolling agreement through 2017 with Nevada Power
Company (Baa1, stable). Star West also owns GWF Energy, LLC (GWF
Energy), which in turn owns the 96 MW Hanford and 96 MW Henrietta
peaking units, and the 335 MW Tracy combined cycle plant. All of
the GWF Energy facilities are located in California and have
long-term contracts through 2022 with Pacific Gas & Electric (PG&E:
A3, stable).

Star West is wholly owned by a subsidiary of Oaktree Capital
Management.



SURFACEMAX INC.: Precision 2000's Bis to Dismiss Suit Denied
------------------------------------------------------------
Judge David M. Warren of the United States Bankruptcy Court for the
Eastern District of North Carolina, Wilmington Division, denied
Precision 2000, Inc.'s motion to dismiss a complaint filed against
it by Surfacemax, Inc.

In a memorandum opinion and order dated September 25, 2015, a
full-text copy of which is available at http://is.gd/YGJyQifrom
Leagle.com, Judge Warren:

   (1) denied the Motion to Dismiss the Complaint;

   (2) granted the Motion to Stay to allow Precision, and the
Debtor to arbitrate the breach of contract claim, unjust enrichment
and quantum meruit claim, conversion claim, UDTP Claim and turnover
claim consistent with the terms of the Agreement;

   (3) for the parties to promptly schedule the arbitration. If the
arbitration is not promptly scheduled, either party may request a
hearing before this court to determine the appropriate action to
ensure the Debtor's claims are expeditiously heard;

   (4) for the parties to notify the court within 14 days of any
ruling by the arbitrator relating to the claims between the
parties; and

   (5) retained jurisdiction over this Adversary Proceeding, and
upon notification by the parties of the outcome of arbitration, the
court shall schedule a status conference on the Complaint.

The adversary proceeding is SURFACEMAX, INC., Plaintiff, v.
PRECISION 2000, INC. and INTERNATIONAL FIDELITY INSURANCE
CORPORATION, Defendants, ADVERSARY PROCEEDING NO.
14-00049-5-DMW(Bankr. E.D.N.C.).

The bankruptcy case is captioned IN RE: SURFACEMAX, INC., Chapter
7, Debtor, CASE NO. 14-05896-5-DMW (Bankr. E.D.N.C.).

SurfaceMax, Inc., Plaintiff, represented by Matthew W. Buckmiller,
Esq. -- mbuckmiller@stubbsperdue.com -- STUBBS & PERDUE, P.A.,
William H. Kroll, Esq. -- wkroll@stubbsperdue.com -- STUBBS &
PERDUE, P.A.

Precision 2000, Inc., Defendant, represented by:

         William P Janvier, Esq.
         JANVIER LAW FIRM, PLLC
         1101 Haynes St., Suite 102
         Raleigh, North Carolina 27604
         Phone: (919) 582-2323
         Facsimile: (866) 809-2379

SurfaceMax, Inc., sought protection under Chapter 11 of the
Bankruptcy Code on Oct. 9, 2014 (Bankr. E.D.N.C., Case No.
14-05896).  The Debtor's counsel is Trawick H Stubbs, Jr., Esq., at
Stubbs & Perdue, P.A., in New Bern, North Carolina.  The petition
was signed by Patricia A. Teague, president.


T-L BRYWOOD: Hearing on Disclosures for Rival Plans Nov. 12
-----------------------------------------------------------
J. Philip Klingeberger will convene a hearing Nov. 12, 2015, at
10:30 a.m. to consider approval of the disclosure statements
explaining the competing Chapter 11 plans proposed by debtor T-L
Brywood LLC, and its secured creditor, RCG-KC Brywood, LLC.

The Debtor has proposed a Chapter 11 Plan that provides for
distributions to holders of allowed claims from funds realized from
the continued operation of the Debtor's business.  RCG-KC Brywood
is proposing a Chapter 11 plan that lets RCG take control of the
business in exchange for an equity infusion of $425,000, and
conversion of its unsecured deficiency claim to equity.

The Debtor and RCG on Sept. 25 each filed an amended disclosure
statement explaining their proposed plans.

Nov. 4, 2015, is fixed as the last day for filing and serving
written objections to the Debtor's Disclosure Statement and RCG's
Disclosure Statement.

In the event a timely objection is filed, the Court may convert the
Nov. 12 hearing to a pre-hearing conference as to any objection,
and set the final hearing thereon at a later date upon further
notice.

                            Rival Plans

The Debtor has filed a proposed plan of reorganization that
provides that proposes to pay RCG for its $8,350,000 secured claim:
(i) monthly interest payments at the annual interest rate of 5%,
and (ii) payment of the balance of the principal on or before 5
years following the effective date.  Holders of unsecured claims
estimated at $124,000 will be paid 100% of the allowed amount of
the claims in cash within 120 days of the Effective Date.
Noteholder claims estimated at $999,000 will be paid 100% in cash,
with 50% of the claims to be paid within 90 days of the Effective
Date, and 5% of the balance every 90 days until the claims are paid
in full.  Existing interests in the Debtor will be cancelled.   A
new membership interest in the Debtor will be distributed to a
joint venture in exchange for the joint venture's commitment to
invest up to $4,200,000 in new capital to further develop the
Brywood shopping center.

RCG-KC Brywood, an entity formed by RCG Ventures Distressed Real
Estate Opportunity Fund, LP, has filed a plan that provides for the
reorganization of the Debtor through, among other things, a
substantial cash infusion from RCG in exchange for a cancellation
of all current equity interests in the Debtor and the issuance of
shares in the Reorganized Debtor in favor of RCG.  RCG is making an
equity infusion of $525,000 and has agreed to convert its $3.91
million in unsecured deficiency claim to equity.  Under RCG's plan,
RCG will still be the primary secured creditor, with its $8.35
million claim to be paid in full no later than 10 years with
interest at 5% per annum.  RCG's unsecured deficiency claim of
$3.14 million to $3.91 million will be converted to 100% of the new
equity interests in the reorganized Debtor (0% to 0.5% recovery).
Holders of general unsecured claims estimated at $161,000, Mesirow
notes estimated at $812,000, and insider claims estimated at $1.02
million will each receive a pro rata share of $815,000 (estimated
recovery at 40%).  Holders of equity interests won't receive
anything.

                           Plan Timeline

On May 23, 2013, the Debtors filed a Joint Plan of Reorganization,
which was predicated, in part, upon the "deemed" substantive
consolidation of T-L Brywood with affiliated debtors T-L Conyers
LLC, T-L Smyrna LLC, T-L Cherokee South LLC and T-L Village Green
LLC (collectively, "Other Related Debtors") for plan purposes,
including distributions to creditors.  RCG objected to the Debtor's
Plan.

On Oct. 7, 2013, the Bankruptcy Court entered an opinion sustaining
RCG's objection and that of another secured lender in one of the
affiliated cases, finding that the Debtor's Plan was not
confirmable, and permitting the Debtor to file an amended plan.
Pursuant to an agreed stipulation between the Debtor and RCG, the
Debtor's appeal to the opinion was dismissed without prejudice on
June 27, 2014.

On April 25, 2014, the Debtors filed a First Amended Joint Plan of
Reorganization.

On Oct. 30, 2014, the Bankruptcy Court entered an order, among
other things, (i) suspending further proceedings on disclosure
statements and plans filed in the case and in affiliated debtors'
cases, (ii) providing procedures for valuation of RCG's Secured
Claim, and (iii) scheduling an evidentiary hearing in connection
with such valuation.

On Jan. 26, 2015, the Court entered an order, which, among other
things, resolved disputes between RCG and the Debtor regarding
valuation of the Brywood Centre by setting the value at $8,350,000
for the purposes of the Case.

On Jan. 29, 2015, the Debtors' counsel, Crane, Heyman, Simon, Welch
& Clar, filed a motion for allowance of $288,128 in fees and $4,932
in expenses for the period from Feb. 25, 2012 through Sept. 30,
2014, and the Debtor's "special counsel", Burke, Warren, MacKay &
Serritella PC submitted the Motion for allowance of $77,490 in fees
for the period from March 13, 2012 through Oct. 9, 2014, RCG filed
objections to both the Crane Heyman Fee Application, seeking
disallowance of $176,577.50 of Crane Heyman's requested fees and
the Burke Warren Fee Application, seeking disallowance of $50,677
of Burke Warren's requested fees.  RCG on Aug. 11, 2015, withdrew
the objections, though reserving its rights as to final allowance
of the requested compensation.

On April 3, 2015, RCG filed a plan of reorganization and
accompanying disclosure statement and filed a slightly amended plan
on April 14, 2015 to address certain clarifying corrections to the
original plan.  

The Debtor filed extensive objections to the RCG Disclosure
Statement on May 14, 2015, saying that the Disclosure Statement
should not be approved because it's explaining an unconfirmable
plan.

On June 17, 2015, the Court conducted a telephonic hearing and
suspended the deadlines for filing amended plans and disclosure
statements, pending (a) resolution of arrangements between RCG and
the Debtor regarding examinations pursuant to Rule 2004 of the
Federal Rules of Bankruptcy Procedure regarding the Debtor and
certain creditors (the "Rule 2004 Examinations") and (b)
preparation  of a joint notice regarding consideration of separate
amended plans and disclosure statements to be filed by RCG and the
Debtor concurrently.

On June 29, 2015, the Other Related Debtors reached a settlement
with lender MB Financial on the voluntary dismissal of the Chapter
11 cases of the Other Related Debtors.  In light of the settlement,
T-L Brywood had to substantially revise the First Amended Plan.

On Aug. 6, 2015, the Court entered an agreed order authorizing RCG
to conduct the Rule 2004 Examinations, which was amended on Sept.
22, 2015.  RCG has issued document production requests to the
Debtor and the other examination parties and is in the process of
scheduling depositions as well.

On Aug. 26, 2015, the Court conducted a telephonic hearing and
entered a minute order directing RCG and the Debtor to file their
respective amended plans and disclosure statements on Sept. 25,
2015.

A copy of RCG's Disclosure Statement accompanying its Second
Amended Plan of Reorganization for the Debtor, filed Sept. 25,
2015, is available for free at:

     http://bankrupt.com/misc/T-L_Brywood_532_RCG_2nd_Am_DS.pdf

A copy of the Debtor's Second Amended Disclosure Statement filed in
conjunction with its Second Amended Plan of Reorganization, filed
Sept. 25, 2015, is available for free at:

     http://bankrupt.com/misc/T-L_Brywood_529_Debtor_2nd_Am_DS.pdf

The Debtor's attorneys:

         David K. Welch, Esq.
         Arthur G. Simon, Esq.
         Jeffrey C. Dan, Esq.
         Brian P. Welch, Esq.
         CRANE, HEYMAN, SIMON, WELCH & CLAR
         135 South LaSalle Street, Suite 3705
         Chicago, IL 60603
         Tel: (312) 641-6777
         Fax: (312) 641-7114

Attorneys to RCG-KC Brywood:

         David J. Fischer, Esq.
         Phillip W. Nelson, Esq.
         LOCKE LORD LLP
         111 South Wacker Drive
         Chicago, IL 60606
         Telephone: 312-201-2000
         Facsimile: 312-201-2555
         E-mail: david.fischer@lockelord.com
                 phillip.nelson@lockelord.com

                        About T-L Brywood

T-L Brywood LLC filed for Chapter 11 bankruptcy (Bankr. N.D. Ill.
Case No. 12-09582) on March 12, 2012.  The case was transferred to
the U.S. Bankruptcy Court for the Northern District of Indiana
(Case. 13-21804) on May 14, 2013.  The petition was signed by
Richard Dube, president of Tri-Land Properties, Inc., manager.
Judge  J. Philip Klingeberger oversees the case.

T-L Brywood owns and operates a commercial shopping center known as
the "Brywood Centre" -- http://www.brywoodcentre.com/-- in Kansas
City, Missouri.  The property encompasses roughly 25.6 acres and
comprises 183,159 square feet of retail space.

Related entities, T-L Conyers LLC, T-L Cherokee South, LLC, T-L
Smyrna LLC, and T-L Village Green LLC sought Chapter 11 protection
(Bankr. N.D. Ind. Case Nos. 13-20280, and 13-20282 to 13-20284) in
Hammond, Indiana, on Feb. 1, 2013.  T-L Conreys owns the Sale Gate
Shopping Center in Conyers, Georgia.  T-L Cherokee owns the
Cherokee South Shopping Center in Overland Park, Kansas.  T-L
Smyrna owns the Crossings Shopping Center in Smyrna, Georgia.  

The Debtors are entities managed by Westchester, Illinois-based
Tri-Land Properties, Inc., which sought Chapter 11 protection (Case
No. 12-22623) on July 11, 2012.  Tri-Land and an affiliate
collectively manage a portfolio of 10 properties in Georgia,
Indiana, Kansas, Minnesota, Missouri and Wisconsin.

T-L Brywood disclosed total assets of $16.7 million and total
liabilities of $14.0 million in its schedules.  

T-L Brywood is represented by David K. Welch, Esq., Arthur G.
Simon, Esq., and Jeffrey C. Dan. Esq., at Crane, Heyman, Simon,
Welch & Clar, in Chicago.

                           *     *     *

The secured lender in the Chapter 11 cases of T-L Conyers, T-L
Smyrna, T-L Cherokee and T-L Village (collectively, "Other Related
Debtors") was MB Financial N.A.  The parties reached a settlement
resolving all of the disputes that resulted in, among other things,
the voluntary dismissal of the Chapter 11 cases of the Other
Related Debtors.

T-L Brywood and creditor RCG-KC Brywood, LLC, have filed competing
plans in T-L Brywood's Chapter 11 case.


TAYLOR-WHARTON INT'L: Unsecured Creditors Blast Quick Sale
----------------------------------------------------------
Matt Chiappardi at Bankruptcy Law360 reported that the newly minted
unsecured creditors committee in Taylor-Wharton International LLC's
bankruptcy on Oct. 18, 2015, blasted what it called the cryogenics
company's "warp-speed" sale plans, arguing that the Debtor is
trying to push through a transaction that only benefits secured
lenders, and has all manner of allegedly problematic provisions.
Taylor-Wharton's sale plans feature a $24 million stalking horse
bid from Haier Medical and Laboratory Products USA Inc.

                       About Taylor-Wharton

Taylor-Wharton International LLC and Taylor-Wharton Cryogenics LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Proposed Lead
Case No. 15-12075) on Oct. 7, 2015.  The petition was signed by
Thomas Doherty as chief restructuring officer.

Cryogenics is a leading designer, engineer and manufacturer of
cryogenic equipment designed to transport and store liquefied
atmospheric and hydrocarbon gases.  Cryogenics has a single United
States operation in Theodore, Alabama.  Cryogenics is the direct
or indirect parent of several foreign non-debtor subsidiaries
which
have manufacturing operations in China, Malaysia, Slovakia, and
warehousing operations in Germany and Australia.

The Debtors have engaged Reed Smith LLP as general bankruptcy
counsel, Argus Management Corporation as interim management
services provider, Stifel, Nicolaus & Company, Incorporated and
Miller Buckfire & Company LLC as investment banker and Logan &
Company, Inc., as noticing and claims agent.

The Debtors estimated both assets and liabilities of $100 million
to $500 million.  O'Neal Steel Inc. is listed as the largest
unsecured creditor holding a trade claim of $788,815.

Judge Brendan Linehan Shannon is assigned to the case.


TERRACE MORTGAGE: Case Summary & 7 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Terrace Mortgage Company
        150 South Perry Street
        Lawrenceville, GA 30046

Case No.: 15-70231

Chapter 11 Petition Date: October 21, 2015

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: William A. Rountree, Esq.
                  MACEY, WILENSKY & HENNINGS LLC
                  Suite 4420, 303 Peachtree Street, NE
                  Atlanta, GA 30308
                  Tel: 404-584-1200
                  Fax: 404-681-4355
                  Email: swenger@maceywilensky.com

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

Estimated Liabilities: $10 million to $50 million

The petition was signed by Craig A. Page, managing member of
Courteous Capital, LLC, sole shareholder.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/ganb15-70231.pdf


THORNTON & CO: U.S. Trustee Seeks Chapter 7 Liquidation
-------------------------------------------------------
The U.S. trustee overseeing the Chapter 11 case of Thornton & Co.,
Inc. asked a federal judge to convert the case to a Chapter 7
liquidation.

In its motion, the U.S. Trustee for Region 2 said the company
continues to suffer financial losses since it filed for bankruptcy
protection, which warrants the conversion of its case.

According to the agency, Thornton & Co.'s inventory value fell from
$12.19 million to $9.67 million during its first 21 days in
bankruptcy protection.  

Thornton & Co. also suffered a net loss of $1.19 million in its
operations for that period, the U.S. trustee further said, citing
data from the company's monthly operating report for August 2015.

Once the case is converted to a Chapter 7 proceeding, a Chapter 7
trustee can finish the liquidation of the company's inventory and
the collection of its accounts receivable, the agency said in the
filing.

In the same filing, the U.S. trustee asked Judge Ann Nevins of the
U.S. Bankruptcy Court in Connecticut to dismiss the case if it
isn't converted to one under Chapter 7.

The motion is on Judge Nevins' calendar for December 3.

                        About Thornton & Co.

Thornton & Co., Inc. is an international distributor, trader and
wholesaler of plastic resins, providing a full offering of
polyethylene and polypropylene products.  J. Paul Thornton, Jr.
founded TCI in 1994.  As of Aug. 1, 2015, TCI had 20 employees,
consisting of 12 people at its Southington, Connecticut
headquarters, and 8 sales representatives who work in various
locations.

Thornton & Co. sought Chapter 11 protection (Bankr. D. Conn. Case
No. 15-21416) on Aug. 10, 2015, in Hartford, Connecticut.  Judge
Ann M. Nevins presides over the case.

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

The Debtor has tapped Green & Sklarz LLC as counsel, and Gordian
Group as financial advisor.

The U.S. trustee overseeing the Debtor's Chapter 11 case appointed
five creditors to serve on the official committee of unsecured
creditors.  The creditors are Formosa Plastics Corp., Equistar
Chemicals LP, Westlake Longview Corp., Celanese Performance
Polymers and Sunteck Transport Co., Inc.  The committee is
represented by Reid & Riege P.C.


TIERPOINT LLC: Moody's Says B3 CFR Unaffected by Windstream Deal
----------------------------------------------------------------
TierPoint LLC, on Oct. 19, 2015, announced it entered into a
definitive agreement with Windstream to acquire Windstream's data
center business in an all-cash transaction for $575 million. The
deal is expected to close within the next two to four months.
Funding for the transaction has not been disclosed, though we
anticipate the deal will be funded with a combination of debt and
equity. Moody's views the transaction as credit negative because
credit metrics will likely deteriorate in the short-term. Leverage
is expected to increase from the debt undertaken to fund the deal,
and free cash flow will remain negative due to the high capital
intensity of the data center industry. Also, the acquisition is at
a large purchase price multiple of about 12.5x EBITDA. Despite the
expected increase in leverage and high purchase price, TierPoint's
B3 corporate family rating is unaffected as Moody's views the
transaction to be beneficial in the longer-term for TierPoint.
Windstream's data center business is similar and complementary to
TierPoint's business, and Windstream's hosted managed services
suite can also be leveraged with TierPoint's service offerings. The
transaction will provide TierPoint with the added scale to become a
more formidable competitor in the data center industry.

TierPoint's B3 CFR reflects its small scale, high leverage and
consistent negative free cash flow which results from its high
capital intensity. The rating also incorporates Moody's concerns
about the company's history of debt funded acquisitions. These
limiting factors are offset by TierPoint's stable base of
contracted recurring revenues and its position as a high quality
colocation provider in the high-growth sector and its exposure to
less competitive Tier II markets.

Headquartered in St. Louis, MO, TierPoint, LLC is a provider of
data center, managed hosting and cloud services.



TLFO LLC: OK'd to Hire Epiq for Doc Review Services
---------------------------------------------------
The Hon. Paul G. Hyman, Jr., of the U.S. Bankruptcy Court for the
Southern District of Florida authorized TLFO, LLC, to enter into an
agreement with Epiq EDiscovery Solutions, Inc., for document review
services.

Epiq will render review services in connection with current,
pending discovery requests propounded in connection with the
adversary proceeding TransUnion Risk and Alternative Data
Solutions, Inc. v. The Best One, Inc., Adv. Proceeding No.
14-01793-PGH.  The Debtor is further authorized to pay Epiq without
further order of the Court.

                   About TLO LLC nka TLFO LLC

TLO LLC, a provider of risk-mitigation services, filed a petition
for Chapter 11 reorganization (Bankr. S.D. Fla. Case No. 13-20853)
on May 9, 2013, in West Palm Beach, Florida, near the company's
headquarters in Boca Raton.  The petition was signed by E. Desiree
Asher, the CEO.  Judge Paul G. Hyman, Jr., presides over the case.



Robert C. Furr, Esq., and Alvin S. Goldstein, Esq., at Furr &
Cohen, serve as the Debtor's counsel.  Bayshore Partners, LLC is
the Debtor's investment banker.  Thomas Santoro and GlassRatner
Advisory & Capital Group, LLC are the Debtor's financial advisors.

Paul J. Battista, Esq., and Mariaelena Gayo-Guitian, Esq., at
Genovese, Joblove & Battista, P.A., represent the Official
Committee of Unsecured Creditors as counsel.

The Debtor disclosed assets of $46.6 million and liabilities of
$109.9 million, including $93.4 million in secured claims.  The
principal lender is Technology Investors Inc., owed $89 million.
TII is owned by the estate of Hank Asher, the company's primary
owner.

On Dec. 13, 2013, the Court authorized the Debtor to sell its
assets to TransUnion Holding Co. Inc., which emerged as the winner
at an auction with a bid of $154 million.  The Purchase Agreement
required the Debtor to change its name.

In March 2014, the Debtor changed its name from TLO, LLC to TLFO,
LLC.


TLFO LLC: Oversight Committee Terminated
----------------------------------------
Mariaelena Gayo-Guitian, Esq., at Genovese Joblove & Battista,
P.A., attorney for the Oversight Committee in the Chapter 11 case
of TLFO, LLC, notified the U.S. Bankruptcy Court for the Southern
District of Florida of the termination and discharge of the
Oversight Committee and its professionals.

Ms. Gayo-Guitian said that the Oversight Committee has fulfilled
its duties; and will have no further responsibilities under the
Amended Plan or otherwise in respect of the case.

On May 1, 2014, the Court entered the order confirming the Debtor's
Amended Plan of Liquidation.  The effective date of the Amended
Plan occurred on May 16, 2014.  On the Effective Date, the
confirmed Amended Plan provided for, among other things, the
establishment of an Oversight Committee, consisting of the members
of the Committee to monitor the progress of the Plan Disbursing
Agent in respect of Liquidating TLFO's assets and payment in full
of all Allowed Unsecured Claims (plus Post Petition Interest)
in accordance with the Amended Plan.  On June 25, 2014, the Court
approved the employment of Paul J. Battista and Genovese, Joblove &
Battista, P.A. as counsel to the Post-Confirmation Oversight
Committee.  On July 16, 2014, the Court approved the employment of
Thomas Santoro and GlassRatner Advisory & Capital Group, LLC, as
financial advisors to the Oversight Committee.

                   About TLO LLC nka TLFO LLC

TLO LLC, a provider of risk-mitigation services, filed a petition
for Chapter 11 reorganization (Bankr. S.D. Fla. Case No. 13-20853)
on May 9, 2013, in West Palm Beach, Florida, near the company's
headquarters in Boca Raton.  The petition was signed by E. Desiree
Asher, the CEO.  Judge Paul G. Hyman, Jr., presides over the case.



Robert C. Furr, Esq., and Alvin S. Goldstein, Esq., at Furr &
Cohen, serve as the Debtor's counsel.  Bayshore Partners, LLC is
the Debtor's investment banker.  Thomas Santoro and GlassRatner
Advisory & Capital Group, LLC are the Debtor's financial advisors.

Paul J. Battista, Esq., and Mariaelena Gayo-Guitian, Esq., at
Genovese, Joblove & Battista, P.A., represent the Official
Committee of Unsecured Creditors as counsel.

The Debtor disclosed assets of $46.6 million and liabilities of
$109.9 million, including $93.4 million in secured claims.  The
principal lender is Technology Investors Inc., owed $89 million.
TII is owned by the estate of Hank Asher, the company's primary
owner.

On Dec. 13, 2013, the Court authorized the Debtor to sell its
assets to TransUnion Holding Co. Inc., which emerged as the winner
at an auction with a bid of $154 million.  The Purchase Agreement
required the Debtor to change its name.

In March 2014, the Debtor changed its name from TLO, LLC to TLFO,
LLC.


TRIREME MEDICAL: Fears Bankruptcy After $20M Catheter Row Loss
--------------------------------------------------------------
Daniel Langhorne at BankruptcyData reported that TriReme Medical
urged a California federal judge on Oct. 14, 2015, to stay the
payout of a $20 million judgment and waive any bond while it
appeals its loss in a fight with rival AngioScore over a heart
catheter design, saying putting up the money would put it out of
business.

U.S. District Judge Yvonne Gonzalez Rogers found after a bench
trial in April that AngioScore Inc. board member Elitan Konstantino
breached his fiduciary duties by developing a competing catheter
for TriReme Medical LLC.


VICTORY MEDICAL: Court Approves Texas Capital Bank Settlement
-------------------------------------------------------------
Victory Medical Center Mid-Cities, LP and its affiliated Debtors
sought for and obtained from the U.S. Bankruptcy Court for the
Northern District of Texas, Fort Worth Division, approval of its
compromise with Texas Capital Bank ("TCB").

TCB is a creditor of Debtor Victory Medical Center – Craig Ranch,
LP ("Craig Ranch") with respect to two separate promissory notes.
The notes were guaranteed by Debtor, Victory Parent Company
("VPC").  One of the notes is secured by Craig Ranch equipment and
the other note is secured by Craig Ranch accounts receivable. The
notes were cross collateralized.

The Debtors relate that TCB is selling the note secured by the
accounts receivable and retaining the equipment note and it is
being paid a downpayment of $500,000.  The Debtors further relate
that the balance due on the equipment note is approximately
$2.2 million.  The Debtors tell the Court that pursuant to the
terms of the Settlement Agreement TCB has agreed to waive any
unsecured deficiency claim against Craig Ranch and VPC resulting
from any sale or other disposition of the equipment.  The Debtors
further tell the Court that based on an appraisal of the equipment
provided by TCB, the unsecured deficiency claim being waived may
exceed $1 million. The Debtor adds that in exchange, VPC and Craig
Ranch have agreed to release any and all claims and causes of
action they may hold against TCB.  The Debtors contend that an
entity known as HPRH Investments, LLC agreed to purchase the
balance of the Accounts Receivable Note from TCB for $1 million.

The Debtors are represented by:

          Edward L. Rothberg, Esq.
          Melissa A. Haselden, Esq.
          T. Josh Judd, Esq.
          HOOVER SLOVACEK LLP
          5051 Westheimer, Suite 1200
          Galleria Tower II
          Houston, Texas 77056
          Telephone: (713)977-8686
          Facsimile: (713)977-5395
          E-mail: rothberg@hooverslovacek.com
                 haselden@hooverslovacek.com
                 judd@hooverslovacek.com

                     About Victory Healthcare

Victory Parent Company, LLC, and 8 affiliated companies sought
Chapter 11 protection in Fort Worth, Texas (Bankr. N.D. Tex.) on
June 12, 2015, in Ft. Worth, Texas.

Headquartered in The Woodlands, Texas, Victory Parent Company
manages six medical centers in Texas.  Founded in 2005, Victory now
maintains medical centers offering emergency room services in
through Victory Medical Center Mid-Cities in Hurst, Victory Medical
Center Plano, Victory Medical Center Craig Ranch in McKinney, and
Victory Medical Center Landmark in San Antonio. The company also
manages its Victory Medical Center Beaumont and Houston-East, which
are not part of the Chapter 11 filing and will be sold separately.

The Debtors tapped Hoover Slovacek, LLP, as counsel; Epiq
Bankruptcy Solutions, LLC, as claims agent; and Baker, Donelson,
Bearman, Caldwell & Berkowitz, PC, as special counsel.



VIRTUAL PIGGY: Issues $200,000 Promissory Note to Investor
----------------------------------------------------------
Virtual Piggy, Inc. issued on Oct. 15, 2015, a $200,000 principal
amount unsecured promissory note to an accredited investor pursuant
to a Promissory Note Agreement, according to a regulatory filing
with the Securities and Exchange Commission.  The Investor also
received a two-year Warrant to purchase 40,000 shares of Company
common stock at an exercise price of $0.90 per share.

The Note bears interest at a rate of 10% per annum and matures on
the six month anniversary of the issuance date, or on such earlier
date that (i) the Company completes the closing of a specified
joint venture agreement or (ii) the Company completes the sale of
at least an additional $1 million of 10% Secured Convertible
Promissory Notes.  As an additional inducement, the Investor will
receive, on the Maturity Date, a commitment fee equal to 7.5% of
the original principal amount.

                 About Oink (Virtual Piggy, Inc.)

Virtual Piggy is the provider of Oink, a secure online and in-store
teen wallet.  Oink enables teens to manage and spend money within
parental controls, while gaining valuable financial management
skills.  The technology company also delivers payment platforms
designed for the Under 21 age group in the global market, and
enables online businesses the ability to function in a  manner
consistent with the Children's Online Privacy Protection Act and
similar international children's privacy laws.  The company, based
in Hermosa Beach, CA, is on the Web at: http://www.oink.com/and
holds three technology patents, US Patent No. 8,762,230, 8,650,621
and 8,812,395.

Virtual Piggy reported a net loss of $9.65 million in 2014, a net
loss of $16 million in 2013 and a net loss of $12.03 million in
2012.

As of June 30, 2015, the Company had $1.6 million in total assets,
$5.2 million in total liabilities, all current, and a stockholders'
deficit of $3.5 million.

Morison Cogen LLP, in Bala Cynwyd, PA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's losses from
development stage activities raise substantial doubt about its
ability to continue as a going concern.


WAFERGEN BIO-SYSTEMS: Perkins Reports 15.2% Stake as of Oct. 16
---------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Perkins Capital Managment, Inc. disclosed that as of
Oct. 16, 2015, it beneficially owns 1,588,000 shares of common
stock of Wafergen Bio-Systems, Inc. representing 15.2 percent of
the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/tcuXUl

                    About WaferGen Bio-systems

Fremont, California-based WaferGen Bio-systems, Inc., engages in
the development of systems for gene expression quantification,
genotyping and stem cell research.  Since 2008, the Company's
primary focus has been on the development, manufacture and
marketing of its SmartChip System, a genetic analysis platform
used for profiling and validating molecular biomarkers in the life
sciences and pharmaceutical drug discovery industries.

WaferGen Bio-systems reported a net loss of $10.7 million in 2014,
a net loss of $16.3 million in 2013 and a net loss of $8.97
million
in 2012.

As of June 30, 2015, the Company had $13.2 million in total assets,
$6.9 million in total liabilities and $6.3 million in total
stockholders' equity.


WARNER MUSIC: S&P Lowers Corp. Credit Rating to 'B', Outlook Stable
-------------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on New York City-based Warner Music Group Corp. (WMG) to 'B'
from 'B+'.  The rating outlook is stable.

At the same time, S&P lowered its issue-level rating on WMG
Acquisition Corp.'s senior secured notes and term loan facility to
'B' from 'B+'.  The '3' recovery rating remains unchanged,
indicating S&P's expectation for meaningful recovery (50%–70%;
upper half of the range) of principal in the event of a payment
default.  S&P also lowered its issue-level rating on WMG
Acquisition's senior unsecured notes to 'B-' from 'B'.  The '5'
recovery rating remains unchanged, indicating S&P's expectation for
modest recovery (10%–30%; lower half of the range) of principal
in the event of a payment default.

Additionally, S&P lowered its issue-level rating on WMG Holdings
Corp.'s senior unsecured notes to 'CCC+' from 'B-'.  The '6'
recovery rating remains unchanged, indicating S&P's expectation for
negligible recovery (0%–10%) of principal in the event of a
payment default.

"The downgrades reflect our expectations that WMG's adjusted
leverage will remain elevated for the next two years -- above our
5x threshold for the 'B+' corporate credit rating," said Standard &
Poor's credit analyst Naveen Sarma.  The company has committed to
reducing leverage over time.  However, S&P does not factor this
into its rating analysis due to the lack of visibility regarding
the pace of debt reduction.

WMG is the third-largest recorded music company globally.  As a
music content company, WMG's recorded music segment is exposed to
the continued decline in physical sales and the uncertainty
surrounding revenue and profitability --unless digital sales can
offset these declines on a sustainable basis.  In addition, ongoing
piracy is hurting recorded music industry sales.

The corporate credit rating on WMG reflects S&P's "fair" business
risk profile and "highly leveraged" financial risk profile
assessments.  The "fair" business risk profile assessment reflects
WMG's geographically diverse base, with operations in more than 50
countries, and its large and well-diversified portfolio of
recordings and compositions across multiple genres, offset by its
smaller market share compared with those of its significantly
larger peers.  The rating also incorporates the secular trends that
are affecting the recorded music industry.

"The stable rating outlook on WMG reflects our expectation that
adjusted leverage will remain above 5x and EBITDA margins will stay
within the mid-teens range," said Mr. Sarma.  "We view both a
downgrade and an upgrade as unlikely over the next two years."

S&P could lower the rating on WMG if S&P believes the company's
liquidity could become constrained.  This could occur if the
economics of WMG's streaming model changes, with weakening in
revenues coupled with increased fees and royalties resulting in
margin erosion.

S&P could raise the rating if WMG reduces its adjusted leverage to
below 5x while maintaining at least "adequate" liquidity.  This
could occur through organic debt reduction and a less aggressive
financial policy.



WEST AIRPORT: Chapter 11 Case Dismissed
---------------------------------------
The Hon. Robert A. Mark of the U.S. Bankruptcy Court for the
Southern District of Florida dismissed the Chapter 11 case of West
Airport Palms Business Park, LLC.

Judge Mark also ordered that the Debtor will pay the Clerk of the
Court any outstanding fees, costs and charges in connection with
the case.  Any and all other motions and pending matters are denied
as moot without prejudice.

As reported by The Troubled Company Reporter on March 4, 2015, the
Debtor asked the Court to dismiss its Chapter 11 bankruptcy case
because it did not make a payment of $1,954,288 plus interest to
WAP Holdings LLC, and did not have sufficient contracts in place to
satisfy the deadlines contained within the third amended plan of
reorganization proposed by WAP Holdings.

According to the Debtor, the original secured lender for the Debtor
was First-Citizens Bank and Trust Company then assigned their claim
to WAP Holdings, who thereafter filed the plan.  The plan also
contained a default provision in the event the 2014 payments were
not made.  If the payments were not made within an agreed upon
time-frame, WAP Holdings would be entitled to promptly re-set and
conduct the foreclosure sale in state court, the Debtor noted.

             About West Airport Palms Business Park

Headquartered in Miami, Florida, West Airport Palms Business Park,
LLC, filed for Chapter 11 (Bankr. S.D. Fla. Case No. 13-25728) on
July 2, 2013.  Judge Robert A. Mark presides over the case.  James
Schwitalla, Esq., represents the Debtor as counsel.  In its
petition, the Debtor scheduled assets of $14,440,419 and
liabilities of $9,284,422.  The petition was signed by Alexander
Montero, managing member.

The U.S. Trustee said that an official committee has not been
appointed in the case.  The U.S. Trustee reserves the right to
appoint such a committee if interest developed among the
creditors.


XINERGY CORP: WPP LLC Named Member of Creditors' Committee
----------------------------------------------------------
Judy A. Robbins, U.S. U.S. Trustee for Region 4, amended the
composition of the official committee of unsecured creditors in the
Chapter 11 cases of Xinergy Ltd., et al., to reflect the addition
of:

         WPP, LLC
         Ryan Ward, regional manager
         5260 Irwin Road
         Huntington, WV 25705

These creditors remain appointed by the U.S. Trustee to serve on
the Committee:

         Christopher Signorelli
         Security America, Inc.
         3412 Chesterfield Ave.
         Charleston, WV 25304

         Gary Stover
         Penn Virginia Operating Co., LLC
         Suite 100, One Carbon Center
         Chesapeake, WV 25315

                         About Xinergy Ltd.

Xinergy is a U.S. producer of metallurgical and thermal coal with
mineral reserves, mining operations and coal properties located in
the Central Appalachian ("CAPP") regions of West Virginia and
Virginia.  Xinergy's operations principally include two active
mining complexes known as South Fork and Raven Crest located in
Greenbrier and Boone Counties, West Virginia.  Xinergy also leases
or owns the mineral rights to properties located in Fayette,
Nicholas and Greenbrier Counties, West Virginia and Wise County,
Virginia. Collectively, Xinergy leases or owns mineral rights to
approximately 72,000 acres with proven and probable coal reserves
of approximately 77 million tons and additional estimated reserves
of 40 million tons.

Xinergy Ltd. and 25 subsidiaries commenced Chapter 11 bankruptcy
cases (Bankr. W.D. Va. Lead Case No. 15-70444) on April 6, 2015.
The cases have been assigned to Judge Paul M. Black.  The cases are
being jointly administered for procedural purposes.

Xinergy Ltd. disclosed $36,968,445 in assets and $215,000,000 in
liabilities as of the Chapter 11 filing.

The Debtors tapped Hunton & Williams LLP as attorneys; Global
Hunter Securities, as financial advisor, and American Legal Claims
Services, LLC as claims, noticing and balloting agent.

The Debtor's reorganization plan proposes to give 100% of the new
common stock of the reorganized holding company to holders of
senior secured notes owed $202 million.

The U.S. Trustee appointed a two member official committee of
unsecured creditors.  The Committee tapped to retain McGuireWoods
LLP as lead counsel, and Whiteford, Taylor & Preston, LLP as its
local counsel.

Xinergy and its subsidiaries filed a proposed Joint Plan of
Reorganization on Sept. 16, 2015.


XINERGY LTD: Dec. 1 Confirmation Hearing on Amended Plan
--------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court approved
Xinergy's Disclosure Statement and scheduled a Dec. 1, 2015 hearing
to consider the First Amended Chapter 11 Plan of Reorganization.

Xinergy proposed this timeline in connection with the solicitation
of votes and confirmation of the Plan:

   -- An Oct. 5, 2015 record date for purposes of determining the
holders of claims and interests entitled to receive the
solicitation package and to vote on the Plan;

   -- A Nov. 4, 2015 deadline for filing of motions by creditors
seeking to have a claim temporarily allowed for purposes of voting
to accept or reject the Plan pursuant to Bankruptcy Rule 3018(a);

   -- A Nov. 24, 2015 deadline for filing objections, comments or
responses to confirmation of the Plan.

   -- A Nov. 24, 2015 deadline by which ballots accepting or
rejecting the Plan must be actually received; and

   -- A Dec. 1 hearing to consider confirmation of the Plan.

Xinergy Ltd. and its subsidiaries have filed a reorganization plan
that proposes to give 100% of the new common stock of the
reorganized holding company to holders of senior secured notes
owed
$202 million.

Holders of administrative claims, priority tax claims and priority
non tax claims (Class 1) will be paid in full cash. Holders of
other secured claims estimated at less than $40,000 (Class 2) will
be paid in full in cash, the collateral securing the other secured
claim or other treatment in accordance with Section 1124.  Holders
of senior secured note claims (Class 3) will receive a pro rata
share of 100% of the new common stock.  The treatment of general
unsecured claims (Class 4) estimated at $4.5 million to $5.5
million is to be determined.  Intercompany claims and interests
(Class 5) will be unaltered, reinstated or other treatment
rendering unimpaired.  Holders of interests in Xinergy common
stock
(Class 6) and Section 510(b) Claims (Class 7) won't receive
anything and their interests will be cancelled.

According to the Disclosure Statement, holders of Allowed Class 4
Claims are not entitled to any Distribution under the priority
scheme of the Bankruptcy Code because the Debtors do not have
assets of sufficient value to pay in full the claims of classes
that are senior to Class 4, nor are there any unencumbered assets.
The Debtors thus do not attribute any value to General Unsecured
Claims on an absolute priority basis.  Nonetheless, the treatment
of General Unsecured Claims is to-be-determined.  Therefore, the
entitlement of that class to vote is reserved.

A copy of the Disclosure Statement explaining the Joint Plan of
Reorganization dated Sept. 16, 2015, is available for free at:

           http://bankrupt.com/misc/Xinergy_407_DS.pdf

                           About Xinergy Ltd.

Xinergy is a U.S. producer of metallurgical and thermal coal with
mineral reserves, mining operations and coal properties located in
the Central Appalachian ("CAPP") regions of West Virginia and
Virginia.  Xinergy's operations principally include two active
mining complexes known as South Fork and Raven Crest located in
Greenbrier and Boone Counties, West Virginia.  Xinergy also leases
or owns the mineral rights to properties located in Fayette,
Nicholas and Greenbrier Counties, West Virginia and Wise County,
Virginia. Collectively, Xinergy leases or owns mineral rights to
approximately 72,000 acres with proven and probable coal reserves
of approximately 77 million tons and additional estimated reserves
of 40 million tons.

Xinergy Ltd. and 25 subsidiaries commenced Chapter 11 bankruptcy
cases (Bankr. W.D. Va. Lead Case No. 15-70444) on April 6, 2015.
The cases have been assigned to Judge Paul M. Black.  The cases are
being jointly administered for procedural purposes.

Xinergy Ltd. disclosed $36,968,445 in assets and $215,000,000 in
liabilities as of the Chapter 11 filing.

The Debtors tapped Hunton & Williams LLP as attorneys; Global
Hunter Securities, as financial advisor, and American Legal Claims
Services, LLC as claims, noticing and balloting agent.

The Debtor's reorganization plan proposes to give 100% of the new
common stock of the reorganized holding company to holders of
senior secured notes owed $202 million.

The U.S. Trustee appointed a two member official committee of
unsecured creditors.  The Committee tapped to retain McGuireWoods
LLP as lead counsel, and Whiteford, Taylor & Preston, LLP as its
local counsel.

Xinergy and its subsidiaries filed a proposed Joint Plan of
Reorganization on Sept. 16, 2015.


ZUCKER GOLDBERG: Authorized to Make Distribution to Key Employees
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey authorized
Zucker Goldberg & Ackerman, LLC, to make the distribution to these
key employees:

   1. Lisa Klein, CFO:            two week's salary of $5,769
                               (weekly salary: $2,884)

   2. Robyn A. Ricigliano         two week's salary of $5,000
      director, Human Resources   (weekly salary: $2,500)

   3. Jessica Churchwell          one week's salary of $1,712
      client relations manager   

   4. Amanda Maldonado            one week's salary of $1,000
      production staff manager

The Official Committee of Unsecured Creditors filed a limited
objection to the Debtor's motion for retention payments, stating
that it took issue with what the Debtor describes as payments made
in increments.

As proposed by the Debtor, the key employees will receive the first
increment of their respective retention payments after the entry of
an order granting the motion, with the second leg of retention
payments being issued on Sept. 1, 2015.

The Committee submitted that the timing of the second payment --
less than a month after the Petition Date and less than a week
after the hearing on the motion -- makes little sense.  

The Committee believes that the second payment should be triggered
upon the completion of the necessary tasks.  Thus, the Committee
proposes these modifications on the timing of the second payment:

   1) Lisa Klein, CFO: second payment of $17,307 issued upon
the completion of substantially all the financial activity
associated with the Debtor's wind down.

   2) Robyn Ricigliano, Dir. HR: second payment of $15,000 issued
when the tasks associated with terminating the employees are
substantially completed.

   3) Jessica Churchwell, Client Relations Mgr.: second payment of
$5,136 issued when the Debtor no longer needs to maintain its
client websites for the purposes of communicating with and
reporting to its clients.

   4) Amanda Maldanado, Production Staff Mgr.: second payment of
$3,000 issued when the tasks associated with terminating all
production staff responsible for all file work other than reporting
is completed.

The Committee is represented by:

         David J. Adler, Esq.
         Matthew B. Heimann, Esq.
         McCARTER & ENGLISH, LLP
         Four Gateway Center
         100 Mulberry Street
         Newark, NJ 07102
         Tel: (973) 622-4444
         Fax: (973) 624-7070
         E-mails: dadler@mccarter.com
                  mheimann@mccarter.com

                    About Zucker Goldberg

Formed in 1923 as Zucker & Goldberg, law firm Zucker, Goldberg &
Ackerman, LLC, is primarily engaged in the representation of
lenders and secured parties in foreclosure matters, insolvency
proceedings and related matters.  The sole members of ZGA are
Michael S. Ackerman, Esq. and Joel Ackerman, Esq. Michael S.
Ackerman is the managing member of the firm.  ZGA's primary
offices are in Mountainside, New Jersey.

Zucker, Goldberg & Ackerman, LLC, sought Chapter 11 protection
(Bankr. D.N.J. Case No. 15-24585) in Newark, New Jersey, on
Aug. 3, 2015, to complete the orderly liquidation of the business.

The case is assigned to Judge Christine M. Gravelle.

The Debtor disclosed total assets of $11.5 million and total
liabilities of $53.3 million as of June 30, 2015.

ZGA tapped Wasserman, Jurista & Stolz, P.C. as bankruptcy counsel;
Brown, Moskowitz & Kallen, P.C., as special litigation counsel;
Genova Burns as labor counsel; and BMC Group, Inc., as noticing and
balloting agent.

The U.S. Trustee for Region 3 appointed seven creditors to serve on
an official committee of unsecured creditors.


ZUCKER GOLDBERG: Brown Moskowitz OK'd as Litigation Counsel
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey authorized
Zucker, Goldberg & Ackerman, LLC, to employ Brown, Moskowitz &
Kallen, P.C., as special litigation counsel.

The Official Committee of Unsecured Creditors has filed a limited
objection to the Debtor's motion, stating that the Debtor sought to
retain Brown Moskowitz as special litigation counsel to represent
the Debtor concerning its billing disputes with its clients and for
presumably, collecting the Debtor's outstanding accounts receivable
-- which appear to be the largest asset of the estate.

The Committee's concerns included, among other things:

   1. BMK sought to be retained on an hourly basis for its legal
services.  As the Court is aware, the present carve-out under the
interim cash collateral order is $100,000 for all: (i)
professionals; (ii) filing fees; and (iii) quarterly trustee fees.
Given the limited amount of the carve-out, the Committee is
concerned that there will not be sufficient funds for the estate
professionals to perform the necessary legal services.

   2. It is typical that a law firm that engages in collection
activity is paid after collection (by awarding the firm a
percentage of the recovery, after costs).  As a result, the
Committee believes that the Debtor must reexamine whether BMK must
be compensated based on an hourly rate rather than based on actual
recoveries.

   3. The Debtor needed to take all necessary steps to protect its
rights with respect to the collectability of its accounts
receivable.

The Committee believes that it is critical that the Debtor
immediately seek authorization from the Court to establish: (i) a
protocol for the orderly transition of its cases to successor law
firms; and (ii) a procedure to protect the Debtor's ability to
recover any unpaid amounts owed on transferred files.  Given the
volume of cases handled by the Debtor, the failure to implement a
protocol will likely impair the Debtor's ability to maximize its
recovery on matters that are transferred to successor firms.

                    About Zucker Goldberg

Formed in 1923 as Zucker & Goldberg, law firm Zucker, Goldberg &
Ackerman, LLC, is primarily engaged in the representation of
lenders and secured parties in foreclosure matters, insolvency
proceedings and related matters.  The sole members of ZGA are
Michael S. Ackerman, Esq. and Joel Ackerman, Esq. Michael S.
Ackerman is the managing member of the firm.  ZGA's primary
offices are in Mountainside, New Jersey.

Zucker, Goldberg & Ackerman, LLC, sought Chapter 11 protection
(Bankr. D.N.J. Case No. 15-24585) in Newark, New Jersey, on
Aug. 3, 2015, to complete the orderly liquidation of the business.

The case is assigned to Judge Christine M. Gravelle.

The Debtor disclosed total assets of $11.5 million and total
liabilities of $53.3 million as of June 30, 2015.

ZGA tapped Wasserman, Jurista & Stolz, P.C. as bankruptcy counsel;
Brown, Moskowitz & Kallen, P.C., as special litigation counsel;
Genova Burns as labor counsel; and BMC Group, Inc., as noticing and
balloting agent.

The U.S. Trustee for Region 3 appointed seven creditors to serve on
an official committee of unsecured creditors.


ZUCKER GOLDBERG: Committee Taps McCarter & English as Counsel
-------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
case of Zucker, Goldberg & Ackerman, LLC, asks the U.S. Bankruptcy
Court for the District of New Jersey for permission to employ
McCarter & English, LLP, as its counsel nunc pro tunc to Aug. 14,
2015.

McCarter will, among other things:

   a. provide legal advice as necessary with respect to the
Committee's powers and duties;

   b. assist the Committee in investigating the acts, conduct,
assets, liabilities, and financial condition of Zucker, Goldberg &
Ackerman, LLC, the operation of the Debtor's business, potential
claims, and all other matters relevant to the Debtor's bankruptcy
case; and

   c. participate in the sale of assets or the formulation of a
plan of reorganization or liquidation.

McCarter's hourly rates are:

         Partners                       $410 - $550 (reduced rate)
         Associates                     $350 - $405
         Paralegals/Legal Assistants    $205 - $250

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

The firm can be reached at:

         David J. Adler, Esq.
         Matthew B. Heimann, Esq.
         McCARTER & ENGLISH, LLP
         Four Gateway Center
         100 Mulberry Street
         Newark, NJ 07102
         Tel: (973) 622-4444
         Fax: (973) 624-7070
         E-mails: dadler@mccarter.com
                  mheimann@mccarter.com

                    About Zucker Goldberg

Formed in 1923 as Zucker & Goldberg, law firm Zucker, Goldberg &
Ackerman, LLC, is primarily engaged in the representation of
lenders and secured parties in foreclosure matters, insolvency
proceedings and related matters.  The sole members of ZGA are
Michael S. Ackerman, Esq. and Joel Ackerman, Esq. Michael S.
Ackerman is the managing member of the firm.  ZGA's primary
offices are in Mountainside, New Jersey.

Zucker, Goldberg & Ackerman, LLC, sought Chapter 11 protection
(Bankr. D.N.J. Case No. 15-24585) in Newark, New Jersey, on
Aug. 3, 2015, to complete the orderly liquidation of the business.

The case is assigned to Judge Christine M. Gravelle.

The Debtor disclosed total assets of $11.5 million and total
liabilities of $53.3 million as of June 30, 2015.

ZGA tapped Wasserman, Jurista & Stolz, P.C. as bankruptcy counsel;
Brown, Moskowitz & Kallen, P.C., as special litigation counsel;
Genova Burns as labor counsel; and BMC Group, Inc., as noticing and
balloting agent.

The U.S. Trustee for Region 3 appointed seven creditors to serve on
an official committee of unsecured creditors.


ZUCKER GOLDBERG: Sobel & Co. OK'd to Prepare and File Tax Returns
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey authorized
Zucker, Goldberg & Ackerman, LLC, to employ Sobel & Co., LLC, as
accountants to prepare and file tax returns.

Sobel & Co.'s hourly rates and out-of pocket expenses will be
billed against a $10,000 retainer.

According to the Debtor, Sobel & Co works on the Company's 401(K)
Plan Audit and on the individual tax returns of member in the
Company.  Sobel & Co is waiving its prepetition claim against the
Company arising from the work.

                    About Zucker Goldberg

Formed in 1923 as Zucker & Goldberg, law firm Zucker, Goldberg &
Ackerman, LLC, is primarily engaged in the representation of
lenders and secured parties in foreclosure matters, insolvency
proceedings and related matters.  The sole members of ZGA are
Michael S. Ackerman, Esq. and Joel Ackerman, Esq. Michael S.
Ackerman is the managing member of the firm.  ZGA's primary
offices are in Mountainside, New Jersey.

Zucker, Goldberg & Ackerman, LLC, sought Chapter 11 protection
(Bankr. D.N.J. Case No. 15-24585) in Newark, New Jersey, on
Aug. 3, 2015, to complete the orderly liquidation of the business.

The case is assigned to Judge Christine M. Gravelle.

The Debtor disclosed total assets of $11.5 million and total
liabilities of $53.3 million as of June 30, 2015.

ZGA tapped Wasserman, Jurista & Stolz, P.C. as bankruptcy counsel;
Brown, Moskowitz & Kallen, P.C., as special litigation counsel;
Genova Burns as labor counsel; and BMC Group, Inc., as noticing and
balloting agent.

The U.S. Trustee for Region 3 appointed seven creditors to serve on
an official committee of unsecured creditors.


ZUCKER GOLDBERG: Spars With New Jersey Offices Landlord on Rent
---------------------------------------------------------------
Martin Bricketto at Bankruptcy Law360 reported that Zucker Goldberg
& Ackerman LLC is clashing with the landlord of its Mountainside,
New Jersey, offices as the foreclosure law firm's Chapter 11 moves
forward, with the landlord demanding that the bankruptcy court make
the firm pay the current month's rent in full.

Bear Mountainside Realty LLC argued in a recent court filing that
Zucker Goldberg, which filed for bankruptcy protection on Aug. 3 in
the face of mounting debt and shrinking revenue, has paid less than
half of the $105,210 in rent, and electric charges.

                    About Zucker Goldberg

Formed in 1923 as Zucker & Goldberg, law firm Zucker, Goldberg &
Ackerman, LLC, is primarily engaged in the representation of
lenders and secured parties in foreclosure matters, insolvency
proceedings and related matters.  The sole members of ZGA are
Michael S. Ackerman, Esq. and Joel Ackerman, Esq. Michael S.
Ackerman is the managing member of the firm.  ZGA's primary
offices are in Mountainside, New Jersey.

Zucker, Goldberg & Ackerman, LLC, sought Chapter 11 protection
(Bankr. D.N.J. Case No. 15-24585) in Newark, New Jersey, on
Aug. 3, 2015, to complete the orderly liquidation of the business.

The case is assigned to Judge Christine M. Gravelle.

The Debtor disclosed total assets of $11.5 million and total
liabilities of $53.3 million as of June 30, 2015.

ZGA tapped Wasserman, Jurista & Stolz, P.C. as bankruptcy counsel;
Brown, Moskowitz & Kallen, P.C., as special litigation counsel;
Genova Burns as labor counsel; and BMC Group, Inc., as noticing and
balloting agent.

The U.S. Trustee for Region 3 appointed seven creditors to serve on
an official committee of unsecured creditors.  The Committee tapped
McCarter & English, LLP as its counsel.


ZUCKER GOLDBERG: Wasserman Jurista Approved as Counsel
------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey authorized
Zucker, Goldberg & Ackerman, LLC, to employ Wasserman, Jurista &
Stolz as counsel effective as of Aug. 3, 2015.

The Debtor has agreed to pay WJ&S a retainer of $75,000.00 to be
applied against the services to be rendered by the firm on behalf
of the Debtor.

All services to be rendered by WJ&S will be billed at the firm's
normal hourly rates.

The proposed arrangement for compensation, including hourly rates,
if applicable, is as follows:

                                         Hourly Rate
                                         -----------
     Robert B. Wasserman, Partner            $550
     Steven Z. Jurista, Partner              $550
     Daniel M. Stolz, Partner                $550
     Stuart M. Brown, Of Counsel             $500
     Kenneth L. Moskowitz, Of Counsel        $500
     Norman D. Kallen, Of Counsel            $500
     Keith Marlowe, Of Counsel               $500
     Leonard C. Walczyk, Partner             $425
     Scott S. Rever, Associate               $400
     Donald W. Clarke, Associate             $350
     Pamela Bellina, Paralegal               $175
     Lorrie L. Denson, Bankruptcy Paralegal  $175
     Legal Assistants                        $125

To the best of the Debtor's knowledge, the firm is a disinterested
person under 11 U.S.C. Sec. 101(14).

The firm disclosed that Nicole Clarke, Esq., who is the spouse of
one of firm's Associates, Donald Clarke, Esq., is employed by JP
Morgan Chase, the Debtor's secured lender and a client of the
Debtor.  Nicole Clarke has not and will not be involved with the
relationship between JP Morgan Chase and the Debtor, and Donald
Clarke will not be involved with any issues involving JP Morgan
Chase with regard to the file in this firm.

The firm can be reached at:

         Daniel M. Stolz, Esq.
         Steven Z. Jurista, Esq.
         Leonard C. Walczyk, Esq.
         Scott S. Rever, Esq.
         Donald W. Clarke, Esq.
         WASSERMAN, JURISTA & STOLZ, P.C.
         110 Allen Road, Suite 304
         Basking Ridge, NJ 07920
         Tel: (973) 467-2700
         Fax: (973) 467-8126

                    About Zucker Goldberg

Formed in 1923 as Zucker & Goldberg, law firm Zucker, Goldberg &
Ackerman, LLC, is primarily engaged in the representation of
lenders and secured parties in foreclosure matters, insolvency
proceedings and related matters.  The sole members of ZGA are
Michael S. Ackerman, Esq. and Joel Ackerman, Esq. Michael S.
Ackerman is the managing member of the firm.  ZGA's primary
offices are in Mountainside, New Jersey.

Zucker, Goldberg & Ackerman, LLC, sought Chapter 11 protection
(Bankr. D.N.J. Case No. 15-24585) in Newark, New Jersey, on
Aug. 3, 2015, to complete the orderly liquidation of the business.

The case is assigned to Judge Christine M. Gravelle.

The Debtor disclosed total assets of $11.5 million and total
liabilities of $53.3 million as of June 30, 2015.

ZGA tapped Wasserman, Jurista & Stolz, P.C. as bankruptcy counsel;
Brown, Moskowitz & Kallen, P.C., as special litigation counsel;
Genova Burns as labor counsel; and BMC Group, Inc., as noticing and
balloting agent.

The U.S. Trustee for Region 3 appointed seven creditors to serve on
an official committee of unsecured creditors.


[*] Bankr. Reform Worked But Didn't Go Far Enough, Says McMickle
----------------------------------------------------------------
John McMickle, who in 1995 to 2001 was counsel to the Senate
Judiciary Committee, where he was the bankruptcy counsel and one of
the primary drafters of reform legislation, posted an article in
American Banker that said that the bankruptcy reform provided by
the Bankruptcy Abuse and Consumer Protection Act, which became law
on Oct. 17, 2005, worked in reducing opportunistic bankruptcy
filings but was less successful at incentivizing more responsible
behavior by attorneys who represent bankruptcy filers.  A full-text
copy of his commentary is available for free at
http://is.gd/swEbyv




[*] Barnes & Thornburg Chicago Partner Named Bankruptcy Judge
-------------------------------------------------------------
The Seventh Circuit Court of Appeals appointed Barnes & Thornburg's
Chicago partner, Deborah Thorne to become a federal judge with the
U.S. Bankruptcy Court for the Northern District of Illinois.  She
will take the bench on Oct. 22, with a formal investiture ceremony
to follow on Dec. 9, in the Dirksen Federal Building.

"It is an honor that Deborah has been selected for this important
role as she is a talented lawyer with a career built on
professional excellence," said Mark Rust, Chicago managing partner.
"With more than 30 years of experience in bankruptcy and
restructuring, she'll be a tremendous asset to the Northern
District Federal Bankruptcy Court."

Ms. Thorne joined Barnes & Thornburg in 2002 and has been a member
of the Finance, Insolvency and Restructuring Department.  With a
practice focused on bankruptcy, corporate restructuring, secured
lending and insolvency law, she has represented parties in some of
the largest and most complex restructuring matters.  She also
served as a federal equity receiver in CFTC v. Edward R. Velazquez,
CFTC v. Raleigh Capital Management, Inc. and U.S. CFTC v.
AlphaMetrix LLC and has represented other federal court appointed
receivers in matters involving securities and commodity fraud.

As an active member of the community and profession, Thorne is vice
president of the American Bankruptcy Institute (ABI) and serves on
the board of governors of the Seventh Circuit Bar Association.  She
previously served as chair of the Chicago Bar Association
Bankruptcy and Reorganization Committee, the Seventh Circuit Bar
Association Bankruptcy Committee, and the American Bankruptcy
Institute (ABI) Unsecured Trade Creditors' Committee and served on
the board of governors of the Chicago Council of Lawyers.  Thorne
is a Fellow of the American College of Bankruptcy and a member of
the Federal Bar Association, International Women’s Insolvency
Confederation and the Decalogue Society of Lawyers.  She is past
chair of the Board of Women Employed and continues to serve as
co-chair of the Governance Committee.

With more than 600 attorneys and other legal professionals, Barnes
& Thornburg is one of the largest law firms in the country.  The
firm serves clients worldwide from 13 offices in Atlanta, Chicago,
Dallas, Delaware, Indiana, Los Angeles, Michigan, Minneapolis,
Ohio, and Washington, D.C.


[*] Fitch: Unexpected Pressures to Challenge U.S. Utility Ratings
-----------------------------------------------------------------
Unexpected pressure on three key cost components of US electric
utilities -- natural gas prices, interest rates, and operating and
maintenance (O&M) -- could have a meaningful impact on ratings,
Fitch Ratings says.

Fitch looked at what would take place should upward pressure on
natural gas prices, interest rates and O&M became stronger than
expected, assessing the impact on retail rates assuming full
recovery of such costs in rates, the impact of higher customer
bills on the US regulatory compact and credit ratings, and if this
scenario would likely lead to future credit rating downgrades.  

Fitch considered the impact of an increase of $1, $2 and $3 per
million British thermal units (mmbtu) in the price of natural gas
for a sample of 25 large electric utilities' retail rates assuming
full cost recovery.  Additionally, we considered the impact of a
rise in interest rates and O&M expense on retail rates.

Results imply a pro forma revenue requirement of 4.7%-10.3% for the
electric utilities in the sample to fully recover the combined
stress increases in natural gas, interest rate, and O&M costs
across the three scenarios.  Natural gas represents 2.4%-7.5% of
the increased revenue requirement, reflecting its growing use in
power generation.  Interest rate increases push cost recovery in
retail customer rates 1.3%-1.5% higher, while O&M drives rates
higher by 1.0%-1.3%.

The 25 companies' median rating is currently on the cusp of
'BBB+/A-', with coverage and leverage metrics that provide a
relatively modest cushion.  In a stress scenario characterized by
sustained, meaningfully higher natural gas and interest rates,
Fitch believes ratings would likely migrate to lower levels driven
by qualitative (higher risk) as well as quantitative (weaker credit
metrics) factors and emerging secular challenges considered in
Fitch's current sector outlook.

Contrary to the stress-case scenarios considered in this report,
Fitch's sector outlook is stable, reflecting expectations that
include tepid recoveries in natural gas prices and in interest
rates from a low base.  Fitch's base case for Henry Hub natural gas
price increases to $3.75/mmbtu in 2018.  Similarly, projected
interest rate gains are likely to be muted.  This moderate cost
trajectory is generally consistent with the Fitch's current ratings
and stable sector outlook.

Fitch does not anticipate a sharp rebound from today's low natural
gas and power price levels or interest rates.  However, a sharp,
sustained rise in these key cost inputs cannot be ruled out.  This
would exacerbate structural and policy cost pressures related to
environmental regulations and infrastructure replacement and
upgrade.  In that scenario, rising electricity rates could lead to
political tensions, more contentious rate proceedings and pressure
on credit metrics.



[*] Global Spec.-Grade Corp. Default Rate Raise Higher in 3rd Qtr.
------------------------------------------------------------------
Moody's trailing 12-month global speculative-grade default rate
finished at 2.5% in the third quarter of 2015, up from 2.4% in the
second quarter.  The latest reading came in close to the rating
agency's year-ago prediction of 2.6%.

"The oil and gas industry remains under pressure, recording six
defaults in the third quarter, including Black Elk Energy Offshore
Operations LLC, Goodrich Petroleum Corporation and Samson
Investment Company," said Albert Metz, Managing Director of Moody's
Credit Policy Research, in an Oct. 19, 2015 press release.

Among US speculative-grade issuers, the default rate rose to 2.5%
in the third quarter from 2.1% in the second.  In Europe, the
comparable rate fell to 2.1% from 2.6%.

Moody's default rate forecasting model now predicts that the global
default rate will end 2015 at 2.9%.

"We have revised our projection upwards owing to the material surge
in recent high-yield spreads, which reflects investors' concerns
about the broader economic conditions," added Metz.  "If realized,
the rate will nevertheless be below the historical average of
4.5%."


[*] Moody's Liquidity Stress Index Remains Near 5-Year High
-----------------------------------------------------------
Moody's Liquidity Stress Index (LSI) is holding relatively steady
thus far in October after jumping to a five-year high of 5.8% in
September, owing largely to a pause in speculative-grade liquidity
(SGL) rating activity in the energy sector, says the rating agency
in its most recent edition of SGL Monitor.

Energy is the overwhelming driver of recent liquidity pressure as
the sector accounts for over 60% of current SGL-4-rated issuers and
contributed five of the 12 US corporate defaults in the third
quarter.  Moody's anticipates continued liquidity deterioration in
energy even though SGL rating activity in the sector was minimal in
the first half of October.

Low commodity prices continue to pressure the sector.  In
particular, independent exploration & production (E&P) companies,
which comprise roughly 35% of Moody's SGL-4 universe, will face
liquidity strain because of reductions in their borrowing bases and
the expiration of oil price hedges set at rates well above current
market prices.

"Although weakness in the energy sector is not spreading broadly to
other sectors, slowing global growth and higher speculative-grade
borrowing costs are worrisome for liquidity," said John Puchalla, a
Moody's Senior Vice President.  "Combined with tepid issuance and
widening high-yield spreads, this suggests a rise in the US
speculative-grade default rate."  Moody's forecasts that this
metric will climb to a five-year high of 3.8% in September 2016
from the current 2.5%.

The energy LSI paused at 16.9% in mid-October, remaining at a
five-year high.  Energy oil field services comprise 20.4% of
companies with ratings of SGL-4, Moody's lowest liquidity rating.

Overall SGL upgrade and downgrade activity in the first half of
October was more muted than in recent months.  Rating activity
resulted in one-notch moves, with consumer packaged goods company
B&G Foods, Inc. (B1 stable) lowered to SGL-2, apparel company
Vince, LLC (B2 negative) lowered to SGL-3 and protein and
agriculture concern Clearwater Seafoods Limited Partnership (B2
stable) lowered to SGL-2.

Moody's Liquidity Stress Index falls when corporate liquidity
appears to improve and rises when it appears to weaken.


[*] Two Senior Experts Join Huron's Business Advisory Practice
--------------------------------------------------------------
Huron Consulting Group, a provider of business consulting services,
on Oct. 21 disclosed that
Monty Kehl and Tim Martin have joined its Business Advisory
practice as managing directors.

"Monty and Tim bring significant experience to two of Huron's key
and growing areas to support middle-market and large businesses:
energy and dispute advisory," said John C. DiDonato, managing
director and Huron Business Advisory practice leader.  "Huron's
clients will benefit from the years of diverse experience they
bring to our practice."

Mr. Kehl has more than 20 years of financial advisory consulting
experience focused on assisting troubled companies and their
creditors to identify and implement solutions to improve and
resolve financial distress.  As a former petroleum engineer, his
professional experience provides the background for his focus on
industrial and manufacturing concerns with a specialty in natural
resources and energy.  In addition to Mr. Kehl's focus on energy
and manufacturing firms, he also has served as an advisor to
numerous creditors' committees in Chapter 11 cases involving
restaurant chains, retailers, and other consumer companies.  Mr.
Kehl joins Huron from Mesirow Financial Consulting, LLC.

Mr. Martin has more than 15 years of experience providing forensic,
investigative and financial advisory services in support of complex
commercial litigation.  He has worked on investigations involving
allegations relating to the misappropriation of funds, Ponzi and
pyramid schemes, accounting and financial statement reporting
issues, fraudulent transfers, securities fraud, allegations against
directors and officers, and professional malpractice.  His
experience includes assisting clients throughout the investigation
and litigation cycle. Martin also joins Huron from Mesirow
Financial Consulting, LLC.

                 About Huron Business Advisory

Huron Business Advisory resolves complex business issues and
enhances value with a full suite of services for middle-market
companies and larger businesses, including forensic investigations,
transaction advisory, restructuring and turnaround, interim
management, capital raising, operational improvement, and
valuation.

                  About Huron Consulting Group

Huron Consulting Group -- http://www.huronconsultinggroup.com/--
helps clients in diverse industries improve performance, transform
the enterprise, reduce costs, leverage technology, process and
review large amounts of complex data, address regulatory changes,
recover from distress and stimulate growth.  The Company provides
consulting services to a wide variety of both financially sound and
distressed organizations, including healthcare organizations,
leading academic institutions, Fortune 500 companies, governmental
entities and law firms.  Huron has worked with more than 450 health
systems, hospitals, and academic medical centers; more than 400
corporate general counsel; and more than 400 universities and
research institutions.



[] Michigan's Statutory Lien Bill Will Raise Recoveries, Fitch Say
------------------------------------------------------------------
If enacted, Michigan's statutory lien bill will significantly
improve recovery value if a municipality defaults, compared to
other general creditors, including employees, Fitch Ratings says.
However, it will not reduce the risk of default.

The legislation would also help improve investor views on the
state's local credits, which were damaged as a result of the losses
bondholders suffered in the Detroit bankruptcy.  Detroit's
unlimited tax general obligation bondholders recovered 74 cents on
the dollar.  Had this bill been in place, recoveries could have
been higher.

The bill would place a statutory first lien on taxes that are
subject to an unlimited tax pledge and require them to be held in
trust for the bondholders.  The state's Senate is currently
considering the legislation.  Polls suggest it is favored by the
legislature.  However, some state officials, including Governor
Rick Snyder, have voiced opposition to it.

In Fitch's view, failure to enact this law would be a credit
negative for Michigan local issuers, as it indicates lawmakers
desire to place bondholders on equal footing with ordinary
creditors rather than providing additional security for
bondholders.  This would suggest that bondholders' claims should be
subject to full re-evaluation in a bankruptcy proceeding.

Similar legislation has been approved in California and New Jersey.
In most cases, a statutory lien is a lien arising by force of a
statute on specified circumstances or conditions.  This lien is in
contrast to a consensual lien, which is created by agreement, where
both parties to a financing agree to a certain security structure
and document that agreement in an indenture or loan document.  Debt
secured by special revenues is exempt from the automatic stay
provisions in this code, protecting such debt from payment
interruption in the event of a bankruptcy filing. This protection
does not extend to bonds secured by a statutory lien, so timely
payment is not guaranteed in a bankruptcy.



[^] BOOK REVIEW: The Story of The Bank of America
-------------------------------------------------
Author:  Marquis James and Bessie R. James
Publisher:  Beard Books
Softcover:  592 pages
List Price:  $31.80

Order your personal copy today at
http://www.amazon.com/exec/obidos/ASIN/1587981459/internetbankrupt

The Bank of America began as the Bank of Italy in 1904.
A. P. Giannini was motivated to found the Bank out of his
indignation over the neglect by other banks of the Italian
community in San Francisco's North Beach area. Local residents
were quickly drawn to Giannini's new type of bank suited for their
social circumstances, financial needs, and plans and aspirations.
Before Giannini's Bank of Italy, the field was dominated by large,
well-connected, and politically influential banks typified by the
magnate J. P. Morgan's House of Morgan catering to corporations
and the wealthy industrialists and their families of the Gilded
Age.

Giannini's Bank proved to be a timely enterprise with great
potential far beyond its founder's original aims. The early 1900s
following the Gilded Age was a time of spreading democratization
in American society with large numbers of immigrants being
assimilated. It was also a time of considerable industrial growth
after the heyday of the tycoons such as Morgan, Rockefeller, and
Carnegie in the latter 1800s. Giannini's idea was also helped by
the growth of California in its early stages of becoming one of
the most prosperous and most populous states. As California grew,
so did the Bank of America.

A. P. Giannini was the perfect type of individual to oversee the
growth of a bank that stood in sharp contrast to the House of
Morgan and which reflected broad changes in American society and
business. Giannini followed the quick success of his North Beach
bank with Bank of Italy branches elsewhere in San Francisco. With
the success of these followed branches throughout California's
agricultural valleys and Los Angeles as Giannini reached out to
populations of other average persons generally ignored by the
traditional banks. Throughout the rapid growth of his bank,
Giannini never lost touch with his original motive for creating a
bank suited for the average individual. When he died at 80 years
of age in 1949, he lived in the same house as he did when he
opened the original Bank of Italy; and his estate was less than
half a million dollars.

Throughout all the stages of the Bank of America's growth,
business recessions and depressions, and changes in American
society, including increased government regulation, the Bank
continued to reflect its founder's purposes for it. In the 1920s,
the Bank of Italy became a part of the corporation Transamerica.
In 1930, the Bank was merged with the Bank of America of
California. The newly formed bank was given the name the Bank of
America National Trust and Savings Association, with Giannini
appointed as chairman of the committee to work out the details of
the merger. In 1930, he selected Elisha Walker to head
Transamerica so he could be free to pursue his interest of
establishing a national bank with the same goals and nature as his
original Bank of Italy. But becoming alarmed over Walker's
proposed measures for dealing with the pressures of the
Depression, Giannini waged a battle involving board members,
stockholders, and allies he had worked with in the past to regain
control of Transamerica. In 1936, A. P. Giannini's son, Lawrence
Mario, succeeded his father as president of Bank of America, with
A. P. remaining as chairman of the board.

The story of Bank of America is largely the story of A. P.
Giannini: his ideas, his values, his ambitions, his goals, his
personality. The co-authors follow the stages of the Bank's growth
by focusing on the genteel, yet driven and innovative, A. P.
Giannini. There's a balance of basic business material such as
stock prices, rationale of momentous business decisions, and
balance-sheet data, with portrayals of outsized characters of the
time. Among these, besides Giannini, are the federal government
official Henry Morgenthau and Charles Stern, California's
superintendent of banks in the early 1900s. With this balance, The
Story of the Bank of America is an engaging and informative work
for readers of more technical business books and human-interest
business stories alike.


                            *********

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 ***