TCR_Public/151026.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, October 26, 2015, Vol. 19, No. 299

                            Headlines

AIX ENERGY: Case Summary & 20 Largest Unsecured Creditors
AIX ENERGY: Hires Harvey Law Firm as Counsel
ALEXZA PHARMACEUTICALS: May Issue 500,000 Under Stock Plan
ALLY FINANCIAL: Declares Dividends on Preferred Stock
ALPHA NATURAL: Group Objects to Deal Allowing Coal Permit Renewal

AMERICAN POWER: Authorized Common Shares Hiked to 200 Million
AOXING PHARMACEUTICAL: Releases Copy of Investor Presentation
ARCH COAL: NY State Judge Declines to Protect Debt-Swap Deal
ATLANTIC & PACIFIC: Estevez Buying Old Tappan Assets for $300K
ATLANTIC & PACIFIC: PSK, 2 Others Selected as Winning Bidders

ATLANTIC & PACIFIC: To Sell Assets to H Mart, 5 Others for $22.4M
BERNARD L. MADOFF: Trustee Wants $1.5B Payout Approved
BILTMORE INVESTMENTS: Confirmation Terminates Stay, 4th Circ. Says
BLAND BUSINESS TRUST: Case Summary & 3 Top Unsecured Creditors
BNB PROPERTIES: Case Summary & 3 Largest Unsecured Creditors

CAESARS ENTERTAINMENT: Asks 7th Circ. to Save It from Litigation
CAESARS ENTERTAINMENT: Wilmington Trust Sues Over Notes Guarantee
CALMARE THERAPEUTICS: Shareholders Elect 7 Directors
CARDIAC SCIENCE: Appointment of Chapter 11 Trustee Sought
CARDIAC SCIENCE: Hires Garden City Group as Notice & Claims Agent

CARDIAC SCIENCE: Parent, Former Directors Oppose Financing Motion
CIT GROUP: Fitch Retains 'BB+' LT IDR Over CEO Retirement
CIT GROUP: Moody's Affirms 'B1' Senior Unsecured Rating
CLOUD PEAK: Moody's Cuts Probability of Default Rating to B1
COMMUNITY HOME: Pennymac Seeks Automatic Stay Relief

COMSTOCK MINING: Incurs $7.95 Million Net Loss in Third Quarter
COMSTOCK MINING: Reports Third Quarter 2015 Results
CTI BIOPHARMA: John Bauer Resigns as Director
CTP TRANSPORTATION: S&P Lowers CCR to 'B', Outlook Stable
CW MINING: Hiawatha Coal Proceeds Not Property of Estate

CYANCO INTERMEDIATE: S&P Affirms 'B' CCR, Outlook Stable
DETROIT, MI: Governor Readies Legislation to Fix Public Schools
DEWEY & LEBOEUF: Exes Still in Hot Water Despite Mistrial Verdict
DURANGO GEORGIA: Equitable Subordination of PBGC's Claim Disallowed
EHC LLC: Voluntary Chapter 11 Case Summary

ELBIT IMAGING: Announces Series H and I Notes Buy-Back
ELBIT IMAGING: InSightec Seeks FDA OK of Exablate Neuro Treatment
ENDEAVOUR INTERNATIONAL: Has Approval for Structured Dismissal
ENERGY FUTURE: Junior Noteholders Assert Make-Whole Payment Claim
ENERGY XXI: Moody's Cuts Corporate Family Rating to Caa3

ENERGYSOLUTIONS INC: S&P Lowers CCR to 'B', Outlook Stable
FIRST DATA: Citadel Reports Ownership of 9.56M Class A Shares
FOURTH QUARTER PROPERTIES: MLIC Seeks Automatic Stay Relief
FREE GOSPEL: Hires Capstar Commercial as Realtor
GEOMET INC: Central Securities No Longer Owns Shares as of Sept. 29

GERTI MUHO: Files for Chapter 11 Protection in Florida
GOE LIMA: SunTrust's Bid to Dismiss Smith-Boughan Suit Denied
GOLDEN PARK ESTATES: Court OKs Interim Payment to Ch. 11 Trustee
GT ADVANCED: $1.1M Sale of Hyperion Assets to Neutron Okayed
HAGGEN HOLDINGS: "Carpenter" Suit Stayed by Bankruptcy Filing

HERCULES OFFSHORE: Investors Appeal Exculpation Denial
HORNED DORSET: Seeks 15-Day Ext. to File Monthly Operating Reports
HOWREY LLP: Trustee and Creditors Want Case Converted to Chapter 7
HYDROCARB ENERGY: Closes $1.2 Million Secured Note Financing
INVENTIV HEALTH: Q3 Conference Call Set for Nov. 16

J & S PROPERTIES: Court Dismisses Tenant's Suit vs. Ch. 7 Trustee
LB STEEL LLC: Has Interim OK to Use MB Financial's Cash Collateral
LB STEEL LLC: Seeks 30-Day Extension for Filing Schedules
LEHMAN BROTHERS: Appeals Ruling on U.S.-U.K. Tax Treaty
LG BENEDICT CANYON: Case Summary & Largest Unsecured Creditor

MARINA BIOTECH: Stockholders Elect 5 Directors
MF GLOBAL: Execs Ask for Errors and Omissions Coverage Extension
N-VIRO INTERNATIONAL: Joseph Scheib Quits as Director
NATIONAL CINEMEDIA: Signs Separation Agreement with CEO Kurt Hall
OSAGE EXPLORATION: Suspending Filing of Reports with SEC

PATRIOT COAL: Sues Parent Over $145M Retiree Payment Obligations
PERFORMANCE SPORTS: S&P Lowers CCR to 'B', Outlook Stable
POINT BLANK: Equity Committee Has Limited Objection to Plan
PORTER BANCORP: Glenn Hogan Reports 11% Stake as of March 2
POSITIVEID CORP: To Acquire Thermomedics for $750,000

PRECISION OPTICS: Obtains $700,000 From Common Stock Offering
RELATIVITY MEDIA: Resolves Objections to $125M Television Biz Sale
ROUNDY'S SUPERMARKETS: S&P Cuts Rating on 2021 Term Loan to 'B-'
SANTA FE GOLD: Stalking Horse PA with Waterton Global Approved
SEAL123: Debtor Wants Until Jan. 11, 2016 to Remove Actions

SEANERGY MARITIME: Announces Delivery of Two Vessels
SHELLEY FOOD STORES: Voluntary Chapter 11 Case Summary
SRT SOLUTIONS: Case Summary & 20 Largest Unsecured Creditors
STUYVESANT TOWN-PETER: New Owners to Loan $141M to Preserve Unit
TEMPLE UNIVERSITY: S&P Raises LongTerm Rating From 'BB+'

TENET HEALTHCARE: Reaffirms Adjusted EBITDA Outlook for Q3 2015
TRANS-LUX CORP: Has Rights Offering of 51,063 Preferred Shares
UNITED SUPPORT: Nov. 6 Meeting Set to Form Creditors' Panel
VALLEY VIEW DOWNS: Trustee Can't Clawback $16MM from Merit Mngt.
VERITEQ CORP: Gets Notice of Disposition of Collateral from Magna

VIRGINIA BROADBAND: Allowance of Former CEO's Claims Affirmed
WAFERGEN BIO-SYSTEMS: Empery Reports 5.2% Stake as of Oct. 16
WAFERGEN BIO-SYSTEMS: Files Series 2 Certificate of Designation
WALTER ENERGY: Wants Plans Filing Exclusivity Until March
WPCS INTERNATIONAL: Unit Has Change in Control Pact with President

WRIGHTWOOD GUEST: Hires Hall & Company as Accountant
WRIGHTWOOD GUEST: Taps Baker Manock as Special Counsel
XINERGY CORP: OK'd to Reject Agreement with VP-Investor Relations
XINERGY LTD: Jeffrey Wilson Okayed as Senior VP-Operations
YUM! BRANDS: CDS Spikes Widest on Spinoff Plans, Fitch Says

[*] Allan D. Reiss Joins Greenberg Traurig as Shareholder
[*] Dentons Nabs Prosecutor for White Collar Work in Chicago
[*] External Tailwinds Lead to Limited Credit Uplift, Fitch Says
[*] M&A Risks Remain Even as LBO Deals Decline, Fitch Says
[*] Moody's B3 Negative List Tops 220 on Oil & Gas Downgrades

[*] Moody's: North American Covenant Quality Continues to Weaken
[*] Supreme Court May Weigh In on Student Debt Battle
[^] BOND PRICING: For the Week from October 19 to 23, 2015

                            *********

AIX ENERGY: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: AIX Energy, Inc.
        8401 N. Central Expressway, Suite 840
        Dallas, TX 75225

Case No.: 15-34245

Chapter 11 Petition Date: October 22, 2015

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Hon. Barbara J. Houser

Debtor's Counsel: Keith William Harvey, Esq.
                  THE HARVEY LAW FIRM, P.C.
                  6510 Abrams Road, Suite 280
                  Dallas, TX 75231
                  Tel: (972) 243-3960
                  Fax: (214) 241-3970
                  Email: harvey@keithharveylaw.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Robert A. Imel, president.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
AIX Energy Partners I, Inc.                            $4,417,139
641 Lexington Avenue
26th Floor
New York, NY 10022

Angelina Tank & MFG.                                     $112,428

B & N Contractors, Inc.                                  $119,028

Baker Hughes                                             $366,753
P.O. Box 301057
Dallas, TX 75303-1057

Basics Energy Services                                   $740,892
P.O. Box 841903
Dallas, TX 75284-1903

C.C. Forbes, LLC                                         $104,099

CDM Resource Management, LLC                             $102,126

Dependable Pump & Supply Inc.                             $80,569

Gladiator Energy Services, LLC                           $176,337

Globe Energy Services                                    $857,172
P.O. Box 204676
Dallas, TX 75320-4676

Hunt Oil Company                                         $105,856

Hydrostatic Oilfield Testing Inc.                         $82,475

John L. Robertson, Inc.                                  $321,396
P.O. Box 1600
Jasper, TX 75951-1600

Louisiana Mineras, Ltd.                                  $378,312
P.O. Box 1142
Houston, TX 77251

Petrotech Solutions LLC                                  $110,444

Pinnergy Ltd                                             $155,000

Red Rock Rentals, LLC                                     $82,974

Schlumberger Technology Corp.                            $549,636
P.O. Box 732149
Dallas, TX 75373-2149

United States Department of Energy                       $101,953

Whiting Oil & Gas Corporation                            $429,467
1700 Broadway, Suite 2300
Denver, CO 80290-2300


AIX ENERGY: Hires Harvey Law Firm as Counsel
--------------------------------------------
AIX Energy, Inc., seeks permission from the Bankruptcy Court to
employ The Harvey Law Firm, P.C., as its counsel.  THLF will:

   (a) give the Debtor legal advice with respect to its duties    

       and powers;

   (b) assist the Debtor in its investigation of its assets,   
       liabilities, and financial condition, business, and any
       other matter relevant to the bankruptcy case or to the
       formulation of a plan or plans of reorganization;

   (c) file schedules and statements of financial affairs and
       other other pleadings or document deemed necessary on
       behalf of the Debtor;

   (d) participate with the Debtor in the formulation of a plan or

       plans of reorganization, including, if necessary, attend
       and assist in negotiation sessions, discussions and
       meetings with its creditors;

   (e) assist the Debtor in the sale of its assets pursuant to
       Section 363 of the Bankruptcy Code;

   (f) assist the Debtor in requesting the appointment of
       professional persons;

   (g) represent the Debtor at all hearings, including but not
       limited to motions, trials, rejection and acceptance of
       executory contracts, disclosure statement and plan
       confirmation; and

   (h) perform other legal services as may be required and in the
       best interest of the Debtor and its estate, including, but
       not limited to, prosecution of appropriate adversary
       proceedings.

The hourly billing rates for attorneys at THFL are:

         Keith Harvey                    $400
         Daniel Chern                    $375
         Paralegals                      $135

The Debtor will also reimburse the Firm for out-of-pocket
expenses.

Prior to the Petition Date, the Firm received payments from the
Debtor in the amount of $28,273 for prepetition work.  THFL also
received a retainer of $10,000.

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

                          About AIX Energy

AIX Energy, Inc. sought Chapter 11 bankruptcy protection (Bankr.
N.D. Tex. Case No. 15-34245) on Oct. 22, 2015.  The petition was
signed by Robert A. Imel as president.  The Debtor estimated both
assets and liabilities in the range of $10 million to $50 million.
The Harvey Law Firm, P.C. represents the Debtor as counsel.  Judge
Barbara J. Houser is assigned to the case.


ALEXZA PHARMACEUTICALS: May Issue 500,000 Under Stock Plan
----------------------------------------------------------
Alexza Pharmaceuticals, Inc., filed a Form S-8 registration
statement with the Securities and Exchange Commission to register
500,000 shares of common stock issuable under the Company's 2015
Employee Stock Purchase Plan.  The proposed maximum aggregate
offering price is $610,000.  A copy of the prospectus is available
for free at http://is.gd/7MrWUo

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

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

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

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

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


ALLY FINANCIAL: Declares Dividends on Preferred Stock
-----------------------------------------------------
Ally Financial Inc. has declared quarterly dividend payments for
certain outstanding preferred stock.  Each of these dividends were
declared by the board of directors on Oct. 21, 2015, and are
payable on Nov. 16, 2015.

A quarterly dividend payment was declared on Ally's Fixed Rate
Cumulative Perpetual Preferred Stock, Series G, of approximately
$22.3 million, or $17.31 per share, and is payable to shareholders
of record as of Nov. 1, 2015.  Additionally, a dividend payment was
declared on Ally's Fixed Rate/Floating Rate Perpetual Preferred
Stock, Series A, of approximately $14.8 million, or $0.53 per
share, and is payable to shareholders of record as of Nov. 1,
2015.

                       About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The Company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  Ally operates as a bank
holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake.  Private equity firm Cerberus
Capital Management LP keeps 14.9 percent, while General Motors Co.
owns 6.7 percent.

As of June 30, 2015, the Company had $156.4 billion in total
assets, $142.1 billion in total liabilities and $14.2 billion in
total equity.

                           *     *     *

As reported by the TCR on Dec. 16, 2013, Standard & Poor's Ratings
Services said it raised its issuer credit rating on Ally Financial
Inc. to 'BB' from 'B+'.  "The upgrade reflects the company's
release from potential legal and financial liabilities stemming
from its ownership of ResCap," said Standard & Poor's credit
analyst Tom Connell.

In the April 3, 2014, edition of the TCR, Fitch Ratings has
upgraded Ally Financial Inc.'s long-term Issuer Default Rating
(IDR) and senior unsecured debt rating to 'BB+' from 'BB'.
The rating upgrade reflects increased clarity around Ally's
ownership structure given Ally's recent announcement that it has
launched an initial public offering those shares of its common
stock held by the U.S. Treasury (the Treasury).

As reported by the TCR on July 16, 2014, Moody's Investors Service
affirmed the 'Ba3' corporate family and 'B1' senior unsecured
ratings of Ally Financial, Inc. and revised the outlook for the
ratings to positive from stable.  Moody's affirmed Ally's ratings
and revised its rating outlook to positive based on the company's
progress toward sustained improvements in profitability and
repayment of government assistance received during the financial
crisis.


ALPHA NATURAL: Group Objects to Deal Allowing Coal Permit Renewal
-----------------------------------------------------------------
The Associated Press reported that an agreement that would enable a
coal company seeking bankruptcy protection to renew a state mine
permit despite not meeting pre-existing state bonding requirements
ignores the law, the organizer of a landowner group said.

According to AP, Shannon Anderson of the Powder River Basin
Resource Council said the agreement falls short of enabling the
state to secure the almost $200 million that would be needed to
reclaim Alpha Natural Resources' Eagle Butte mine near Gillette,
Wyoming.

Peg Brickley, writing for Dow Jones' Daily Bankruptcy Review,
reported that Alpha Natural is selling a collection of closed coal
mines as it revamps its business in bankruptcy.  At least 16 idled
mines in West Virginia, Kentucky, Tennessee and Illinois are being
put up for sale in Alpha's chapter 11 bankruptcy proceeding, which
began in August, the DBR report said.

                       About Alpha Natural

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

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

Judge Kevin R. Huennekens presides over the case.

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

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

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


AMERICAN POWER: Authorized Common Shares Hiked to 200 Million
-------------------------------------------------------------
American Power Group Corporation held a special meeting of
stockholders on Oct. 21, 2015, at which the Company's stockholders
approved (i) an amendment to the Certificate of Designation of
Preferences, Rights and Limitations of the Company's 10%
Convertible Preferred Stock, to exclude certain issuances of
securities from triggering anti-dilution adjustments to the
conversion ratio of such preferred stock, and (ii) an amendment to
the Company's Restated Certificate of Incorporation, to increase
the number of authorized shares of Common Stock from 150,000,000 to
200,000,000.

On Oct. 21, 2015, upon the filing by the Company of a Certificate
of Designation of Preferences, Rights and Limitations of Series C
Convertible Preferred Stock with the Secretary of State of
Delaware, the Company's Subordinated Contingent Convertible
Promissory Notes in the aggregate principal amount $2,475,000,
together with all accrued but unpaid interest thereon,
automatically converted into 257.061 shares of the Company's Series
C Convertible Preferred Stock at a conversion price of $10,000 per
share.

Each share of Series C Preferred Stock is convertible, at any time
at the option of any holder, into 50,000 shares of the Company's
Common Stock; i.e., at an initial conversion price of $0.20 per
share.  The conversion ratio of the Series C Preferred Stock is
subject to adjustment in the event that, with certain exceptions,
the Company issues shares of Common Stock or other securities
convertible into or exchangeable for Common Stock at a price per
share that is less than the then applicable conversion price of the
Series C Preferred Stock.  The Series C Preferred Stock does not
bear dividends.

The holders of the Series C Preferred Stock will vote with the
holders of the Common Stock and the holders of the Company's 10%
Convertible Preferred Stock and Series B 10% Convertible Preferred
Stock on all matters presented to the holders of the Preferred
Stock, on a Common Stock-equivalent basis.  In addition to certain
approval rights of the holders of the Series A Preferred Stock
and/or the Series B Preferred Stock, the approval of the holders of
at least 67% of the outstanding shares of Series C Preferred Stock
will be required before the Company may take certain actions as
described in the Certificate of Designation.

The holders of the Series C Preferred Stock have priority in the
event of a liquidation of the Company over the outstanding shares
of Common Stock.  Upon liquidation, dissolution or winding up of
the Company, whether voluntary or involuntary, before any
distribution or payment is made to the holders of the Common Stock,
the holders of the Preferred Stock will be entitled to be paid out
of the assets of the Company an amount equal the stated value of
the Preferred Stock, which is initially $10,000 per share, plus (in
the case of the Series A Preferred Stock and the Series B Preferred
Stock) any accrued, but unpaid, dividends.

The Preferred Stock may be required to convert into shares of
Common Stock at the Company's election if the trading price of the
Common Stock meets certain thresholds as set forth in the
Certificate of Designation.  If the Company fails to meet certain
obligations affecting the Preferred Stock, the holders of Preferred
Stock may require the Company to redeem the Preferred Stock.

The holders of the Series C Preferred Stock have other rights set
forth in the Certificate of Designation.

                     About American Power Group

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

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

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


AOXING PHARMACEUTICAL: Releases Copy of Investor Presentation
-------------------------------------------------------------
Aoxing Pharmaceutical Company, Inc., furnished a current report on
Form 8-K with the Securities and Exchange Commission in connection
with the disclosure of information, in the form of the textual
information from a PowerPoint presentation, to be given at meetings
with institutional investors or analysts.   A copy of the slide
presentation titled "Aoxing Pharmaceutical Company, Inc." is
available for free at http://is.gd/rW8l2b

                           About Aoxing

Aoxing Pharmaceutical Company, Inc., has one operating subsidiary,
Hebei Aoxing Pharmaceutical Co., Inc., which is organized under the
laws of the People's Republic of China.  Since 2002, Hebei Aoxing
has been engaged in developing narcotics and pain management
products.  In 2008 Hebei Aoxing supplemented its product lines by
acquiring Shijiazhuang Lerentang Pharmaceutical Company, Ltd., a
specialty pharmaceutical company focusing on herbal pain related
therapeutics.  The Company owns 95% of the equity in Hebei Aoxing.

Aoxing Pharmaceutical reported net income attributable to
shareholders of the Company of $5.49 million on $25.48 million of
sales for the year ended June 30, 2015, compared to a net loss
attributable to shareholders of the Company of $8.21 million on
$12.7 million of sales for the year ended June 30, 2014.

As of June 30, 2015, the Company had $53.0 million in total assets,
$42.97 million in total liabilities and $10.1 million in total
equity.

BDO China Shu Lun Pan Certified Public Accountants LLP, in
Shanghai, People's Republic of China, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, stating that the Company accumulated a large
deficit and a working capital deficit that raise substantial doubt
about its ability to continue as a going concern.


ARCH COAL: NY State Judge Declines to Protect Debt-Swap Deal
------------------------------------------------------------
Stephanie Gleason at The Wall Street Journal reported that a New
York state judge has sided with a group of lenders that are
blocking an Arch Coal Inc. debt-swap deal, effectively halting a
transaction that advocates have said would keep the coal company
out of bankruptcy.

Judge Saliann Scarpulla of the New York State Supreme Court denied
a request by an affiliate of GSO Capital Partners that she prevent
a group of majority lenders from freezing the debt swap.  The
standard for granting such a request is that the judge must find
that allowing the lenders to proceed would do "irreparable harm."
She didn't find that to be the case.

"Because I find that Plaintiff's alleged harm can be fully
compensated by money damages by the Directing Defendants,
Plaintiff's harm is not irreparable.  Plaintiff argues that, if
Arch enters bankruptcy, any claim for money damages against the
Directing Defendants would be more complex to prove.  This,
however, is not sufficient to establish irreparable harm," she said
in her ruling issued on Oct. 16.

Arch Coal, one of the country's largest coal producers, is trying
to get creditors to swap their debt in exchanges designed to
improve Arch's balance sheet as the coal market faces continued
weakness.

The proposed exchange offer would reduce the company's $5 billion
debt load, including $3.2 billion in bond debt, by as much as $990
million and lower its annual interest expense by $74 million.
Bondholders can accept the offer until Oct. 26.

However, a majority of lenders holding more than $1 billion of Arch
Coal's $1.9 billion in senior loan debt have directed their agent,
Wilmington Trust NA, not to execute the documents necessary to
complete the deal, an action that will prevent the exchange from
moving forward.  The lenders say the deal benefits bondholders to
the detriment of senior lenders and was negotiated without their
input.

The GSO unit, GSO Special Situations, filed its lawsuit last month,
requesting that the court force Wilmington Trust to execute the
documents.  GSO argued in the lawsuit that the lenders' consent
isn't necessary and that the deal is Arch's only hope of avoiding
bankruptcy.

It is a "near certainty" that Arch will land in bankruptcy if the
debt exchange offer doesn't go through, GSO said in court papers,
adding during a hearing late last month that the company has
retained restructuring attorneys at Davis Polk & Wardwell LLP.

GSO declined to comment on Judge Scarpulla's ruling.

                          About Arch Coal

Arch Coal, Inc.'s primary business is the production of thermal and
metallurgical coal from surface and underground mines located
throughout the United States, for sale to utility, industrial and
steel producers both in the United States and around the world. The
Company currently operates mining complexes in West Virginia,
Maryland, Virginia, Illinois, Wyoming and Colorado.

Arch Coal reported a net loss of $558 million in 2014, a net loss
of $642 million in 2013 and a net loss of $684 million in 2012.  As
of June 30, 2015, the Company had $8 billion in total assets, $6.6
billion in total liabilities and $1.4 billion in total
stockholders' equity.

                           *     *     *

The Troubled Company Reporter, on July 8, 2015, reported that
Fitch Ratings has downgraded the Issuer Default Rating of Arch
Coal, Inc. to 'C' from 'CCC'.  The downgrade follows Arch Coal's
announcements of exchange offers which Fitch considers Distressed
Debt Exchanges in accordance with Fitch's Distressed Debt Exchange
criteria.

The TCR, on May 6, 2015, reported that Moody's Investors Service
downgraded the corporate family rating of Arch Coal to 'Caa3' from
'Caa1' and the probability default rating to 'Caa3-PD' from
'Caa1-PD'.  The downgrade follows the continued stress on the coal
sector, and the resulting deterioration in the company's credit
metrics.  At the same time, Moody's downgraded the ratings on the
senior secured term loan and bank revolving facility to 'Caa1' from
'B2', the second lien notes to Caa3 from Caa1, and all unsecured
notes to 'Ca', from 'Caa2'.  Moody's also affirmed the Speculative
Grade Liquidity rating of SGL-3.  The outlook is negative.

As reported by the TCR on July 9, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Arch Coal
to 'CC' from 'CCC+'.  Standard & Poor's Ratings Services said it
lowered its corporate credit rating on Arch Coal to 'CC' from
'CCC+'.  The rating action reflects Arch Coal's July 3, 2015,
announcement of a private debt exchange offer for its senior
unsecured debt.



ATLANTIC & PACIFIC: Estevez Buying Old Tappan Assets for $300K
--------------------------------------------------------------
Great Atlantic & Pacific Tea Company Inc. has entered into an
agreement with Estevez Markets Inc., which offered $300,000 to buy
some of the assets used in operating its New Jersey store.

Estevez Markets offered to purchase the assets used in operating
the company's store located along Old Tappan Road, in Old Tappan,
New Jersey.

The companies signed the deal following a two-day auction held
earlier this month where Estevez Markets emerged as the winning
bidder.  Estevez Markets beat out rival bidder Key Food Stores
Co-Operative Inc.

The deal is subject to approval by the U.S. Bankruptcy Court for
the Southern District of New York, which oversees Great Atlantic's
Chapter 11 case.

                    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
serves as its financial advisors and bankruptcy consultants.

Elise S. Frejka was appointed as consumer privacy ombudsman.


ATLANTIC & PACIFIC: PSK, 2 Others Selected as Winning Bidders
-------------------------------------------------------------
PSK Supermarkets Inc., Food Bazaar and Dave-Marion Corp. emerged as
the winning bidders at a recently concluded auction for Great
Atlantic & Pacific Tea Company Inc.'s assets.

Great Atlantic selected an offer from Food Bazaar to acquire some
of its assets, including leases for its stores located at 211
Elmora Avenue, Elizabeth, and at 425 Anderson Avenue, Fairview, in
New Jersey.

Food Bazaar beat out rival bidders Lemes Supermarkets LLC and Key
Food Stores Co-Operative Inc., according to court filings.

PSK Supermarkets won the auction for Great Atlantic's assets,
including leases on its stores located at 300 West 145th Street,
New York, and at 245 Route 25A, Rocky Point, in New York.

The assets will be sold to Key Food, which was selected as the
"back-up bidder," in case Great Atlantic's sale transaction with
the winning bidder falls through.

Meanwhile, Great Atlantic selected Dave-Marion Corp.'s bid for its
assets, which include a lease on its store located at 460 County
Line Road Route 520, in Marlboro, New Jersey.  

Key Food will be the back-up bidder for the assets, court filings
show.

                    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
serves as its financial advisors and bankruptcy consultants.

Elise S. Frejka was appointed as consumer privacy ombudsman.


ATLANTIC & PACIFIC: To Sell Assets to H Mart, 5 Others for $22.4M
-----------------------------------------------------------------
An affiliate of Great Atlantic & Pacific Tea Company Inc. has
entered into six separate agreements for the sale of its assets.

The agreements call for the sale of A&P Real Property LLC's assets,
including its leases on six stores in New York.  The company will
receive $22.38 million from the transactions.

A&P received offers from 410 West 207th Acquisition LLC, H Mart
Inc., Saxon Sunrise Realty LLC, Shanghai Enterprises LLC, Wakefern
Food Corp., and Feil Whitestone LLC and East 11th Holding LLC.  

The companies signed the agreements with A&P following a two-day
auction held earlier this month where they emerged as the winning
bidders.

The sale transactions are subject to approval by the U.S.
Bankruptcy Court for the Southern District of New York, which
oversees A&P's Chapter 11 case.

                    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
serves as its financial advisors and bankruptcy consultants.

Elise S. Frejka was appointed as consumer privacy ombudsman.


BERNARD L. MADOFF: Trustee Wants $1.5B Payout Approved
------------------------------------------------------
Carmen Germaine at Bankruptcy Law360 reported that the liquidating
trustee for Bernie Madoff's investment fund asked a New York
bankruptcy judge on Oct. 19, 2015, for permission to distribute
$1.5 billion to Madoff investors after a U.S. Supreme Court order
earlier this month paved the way for the distribution.

Irving H. Picard, the Securities Investor Protection Act trustee
tasked with winding down Bernard L. Madoff Investment Securities
LLC, renewed a request to make a sixth round of payments after the
Supreme Court in early October declined to review a Second Circuit
decision.

                    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.


BILTMORE INVESTMENTS: Confirmation Terminates Stay, 4th Circ. Says
------------------------------------------------------------------
The United States Court of Appeals for the Fourth Circuit vacated
the district court's December 22, 2014, order which reversed the
bankruptcy court's order, and concluded that the automatic stay
bars TD Bank, N.A., from satisfying its state court judgment
against Walter McGee by foreclosing on McGee's common stock in
Biltmore Investments, Ltd.

In July 2012, TD Bank obtained from a North Carolina state court a
$2.5 million judgment against McGee, who owns all of Biltmore's
common stock.  After the confirmation of Biltmore's second amended
plan of reorganization, TD Bank attempted to satisfy its judgment
against McGee by executing on McGee's stock in Biltmore.  TD Bank
filed a motion in the bankruptcy court requesting a declaration
that the automatic stay  provided in 11 U.S.C. Section 362 did not
bar TD Bank from executing on McGee's shares.

The bankruptcy court granted TD Bank's motion, but was reversed by
the district court which "stayed" TD Bank from "taking any action
directed at Walter T. McGee, in state court or otherwise, to seize
or sell his shares of stock in Biltmore."

On appeal, the Fourth Circuit held that the confirmation of
Biltmore's Plan terminated the automatic stay.  Thus, the district
court erred in extending it to McGee and in invoking the expired
stay to enjoin TD Bank's efforts to collect on its judgment against
McGee in state court.

The case is BILTMORE INVESTMENTS, LTD., Debtor-Appellee, v. TD
BANK, N.A., Creditor-Appellant, NO. 15-1076 (4th Cir.).

A full-text copy of the 4th Circuit's October 1, 2015 opinion is
available at http://is.gd/eRnXRSfrom Leagle.com.

TD Bank, N.A. is represented by:

          Lance P. Martin, Esq.
          Norman J. Leonard II, Esq.
          WARD AND SMITH, P.A.
          82 Patton Avenue Suite 300
          Asheville, NC 28801
          Tel: (828) 348-6070
          Fax: (828) 348-6077
          Email: lpm@wardandsmith.com
                 njl@wardandsmith.com

Biltmore Investments, Ltd. is represented by:

          Edward C. Hay, Jr., Esq.
          PITTS, HAY, HUGENSCHMIDT & DEVEREUX, P.A.
          137 Biltmore Avenue
          Asheville, NC 28801
          Tel: (828) 255-8085
          Fax: (828) 251-2760
          Email: ehay@phhlawfirm.com

            -- and --

          T. Scott Tufts, Esq.
          TUFTS LAW FIRM, PLLC
          111 S Maitland Ave, Ste 101
          Maitland, FL 32751
          Tel: (407) 647-8886
          Fax: (407) 641-8082

                About Biltmore Investments

Biltmore Investments, LTD., based in Hendersonville, North
Carolina, filed for Chapter 11 bankruptcy (Bankr. W.D.N.C. Case
No. 11-10053) on Jan. 26, 2011.  Judge George R. Hodges presides
over the case.  Edward C. Hay, Jr., Esq. -- ehay@phhlawfirm.com --
at Pitts, Hay & Hugenschmidt, P.A., serves as the Debtor's
bankruptcy counsel.  It scheduled assets of $2,091,502 and debts
of $1,543,320.  The petition was signed by Watter T. McGee,
president.


BLAND BUSINESS TRUST: Case Summary & 3 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: The Bland Business Trust
        PO Box 1525
        Solomons, MD 20688

Case No.: 15-24674

Chapter 11 Petition Date: October 22, 2015

Court: United States Bankruptcy Court
       District of Maryland (Greenbelt)

Judge: Hon. Thomas J. Catliota

Debtor's Counsel: Tate Russack, Esq.
                  RLC LAWYERS & CONSULTANTS
                  7999 N Federal Hwy, Ste 100 A
                  Boca Raton, FL 33487
                  Tel: 561-571-9601
                  Fax: 800-883-5692
                  Email: tate@russack.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $0 to $50,000

The petition was signed by James Bee Bland III, trustee.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/mdb15-24674.pdf


BNB PROPERTIES: Case Summary & 3 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: BNB Properties Holdings, Inc.
           aka BNB Properties, LLC (PA)
           fka PennMont Benefits and Services, Inc. (FL)
        15450 SW 143 Avenue, Suite 2
        Miami, Fl 33177

Case No.: 15-28697

Chapter 11 Petition Date: October 22, 2015

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Hon. Robert A Mark

Debtor's Counsel: Scott Alan Orth, Esq.
                  LAW OFFICES OF SCOTT ALAN ORTH, P.A.
                  3860 Sheridan St., Suite A
                  Hollywood, FL 33021
                  Tel: 305.757.3300
                  Fax: 305.757.0071
                  Email: scott@orthlawoffice.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $0 to $50,000

The petition was signed by John J. Koresko, Jr., director.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb15-28697.pdf


CAESARS ENTERTAINMENT: Asks 7th Circ. to Save It from Litigation
----------------------------------------------------------------
Jessica Corso at Bankruptcy Law360 reported that Caesars
Entertainment Operating Co. is asking the Seventh Circuit to hurry
up and block billion-dollar litigation against its parent company
in New York and Delaware, telling the appellate court on Oct. 18,
2015, that quick action is needed to stop junior creditors from
getting their hands on money CEOC needs for a successful Chapter 11
reorganization.

In two separate briefs filed with the Seventh Circuit, CEOC both
appealed a recent district judge's decision refusing to stay the
suits and asked that its appeal be heard soon as possible.

                 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.


CAESARS ENTERTAINMENT: Wilmington Trust Sues Over Notes Guarantee
-----------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that a trustee
representing a prominent noteholder group of Caesars
Entertainment's bankrupt operating unit filed a lawsuit on Oct. 19,
in New York that accuses the casino operator of attempting to skirt
a contractual guarantee to pay more than $51.4 million in interest
arising from its subsidiaries' debt.

The lawsuit was filed by the Wilmington Trust National Association,
indenture trustee for holders of 10.75 notes issued by Caesars
Entertainment Operating Company.  The noteholder group represented
in the complaint holds approximately $479 million in CEOC's
outstanding debt obligations.

In a separate report, Jessica Corso at Bankruptcy Law360 reported
that casino operator has until March to lay out its Chapter 11 plan
and until May to gather enough votes to make it a reality, winning
an extension to its exclusive right to file a plan in Illinois
bankruptcy court on Oct. 20.

U.S. Bankruptcy Judge A. Benjamin Goldgar said it was in the
estate's best interest that CEOC's Nov. 15 deadline to file a plan
be pushed out, noting how complicated the case has gotten since the
last time he granted an extension.

                  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.



CALMARE THERAPEUTICS: Shareholders Elect 7 Directors
----------------------------------------------------
At an annual meeting of shareholders of Calmare Therapeutics
Incorporated held on Oct. 15, 2015, the shareholders:

(a) elected Peter Brennan, VADM Robert T. Conway, Rustin R.
     Howard, Conrad Mir, Carl D. O'Connell, LCDR Steven Roehrich,
     and Stanley K. Yarbro, Ph. D. as directors to hold office
     until the next annual meeting of the Company's shareholders
     or until their successors have been elected and qualified;

(b) ratified the selection of Mayer Hoffman McMann, CPAs as the
     Company's independent registered public accounting firm for
     the fiscal year ending Dec. 31, 2015; and

(c) approved an amend the Certificate of Incorporation to
     increase the number of authorized shares of Common Stock from
     40 million to 100 million.

The Board of Directors of Calmare Therapeutics approved and adopted
amendments to the by-laws of the Company, amending the number
directors required to be on the Board to three or more, as fixed
from time to time by resolution of the board of directors.  Sept.
18, 2015, the Board fixed the number of directors to seven.

A copy of a power point presentation used by the Company at the
shareholder meeting held is available for free at:

                       http://is.gd/ggIEDK

                    About Calmare Therapeutics

Calmare Therapeutics Incorporated, formerly known as Competitive
Technologies, Inc., provides distribution, patent and technology
transfer, sales and licensing services focused on the needs of its
customers and matching those requirements with commercially viable
product or technology solutions.  Sales of the Company's
Calmare(R) pain therapy medical device continue to be the major
source of revenue for the Company.

Calmare reported a net loss of $3.4 million on $1 million of
product sales for the year ended Dec. 31, 2014, compared to a net
loss of $2.6 million on $653,000 of product sales for the year
ended Dec. 31, 2013.

As of March 31, 2015, the Company had $4.34 million in total
assets, $12.8 million in total liabilities, and a total
shareholders' deficit of $8.40 million.

Mayer Hoffman McCann CPAs, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has incurred operating
losses since fiscal year 2006 and has a working capital and
shareholders' deficiency at Dec. 31, 2014.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


CARDIAC SCIENCE: Appointment of Chapter 11 Trustee Sought
---------------------------------------------------------
Former employees and current creditors Vinod Ramnani, Thomas
Dietiker, Jayesh Patel, Arvind Manjegowda, Sridhar Thyagarajan,
Nishita Patel, and Ashwin Khemani, who were terminated the day
before the Petition Date, filed an opposition to all first day
relief requested by Cardiac Science Corporation and seek an
appointment of a "neutral" Chapter 11 trustee who will oversee the
Debtor's Chapter 11 case.

Contemporaneously with the bankruptcy petition, the Debtor filed a
motion seeking authority to sell all of its assets through a
supervised auction.  The Debtor and CFS state they have already
agreed with themselves to a credit bid and a debtor-in-possession
financing facility with CFS pursuant to which CFS will act as a
stalking horse purchaser of the Debtor's assets.

The Debtor also wishes to enter into a loan agreement with CFS and
give CFS a superpriority interest in all of its collateral and
assets up to the amount of the loan, which will be a revolving loan
facility in the total principal amount of $9,000,000 (of which
$4,975,000 will be available during the Interim Period).

Counsel to the Objectors, Stephen E. Kravit, Esq., at Kravit, Hovel
& Krawczyk S.C., alleges that conflicts of interest is inherent in
CSC 915 LLC/Aurora being the controller of the
debtor-in-possession, DIP financier and stalking horse.  Mr. Kravit
also asks the Court to enter an order allowing expedited discovery
to determine the truth and merits of Debtor's affidavit and filings
in what he calls a "loan to own scheme."

CFS purchased the largest secured debt (approximately $80 million)
from Cardiac Science's lender, DBS Bank Ltd, Singapore, on Sept.
29, 2015.  In late September, 2015, CFS 915 exercised its rights
under the various Pre-Petition Loan Documents to remove the
officers and directors of the Debtor.  When the new officers and
directors were appointed, the Debtor requested forbearance under
the Pre-Petition Facility Agreement and the other Pre-Petition Loan
Documents, which CFS granted and provided overadvance funding in
the approximate amount of $3,750,000, according to documents filed
with the Court.

"As part of the CFS/Aurora plan to purchase Cardiac Science and its
affiliate, Criticare Systems, Inc., without dealing with its
owners, CFS/Aurora used the new board it placed in Cardiac Science
to agree to make this bankruptcy Filing," Mr. Kravit alleges.  He
claims that there is no arm's length transaction between CFS and
Cardiac Science's new board of directors and officers, who were
hand selected by CFS and no good faith negotiations between CFS and
Cardiac Science since December 2014.  

The Objectors assert that at a minimum, the Court should deny all
motions on an expedited basis, allow as temporary a DIP financing
as will last for a few weeks, and give the parties the right to
conduct discovery.

CFS is owned by a hedge/private investment fund known as Aurora
Resurgence Management Partners LLC, which also may operate under
other names such as "Aurora Holdings."

Attorneys for Vinod Ramnani, Thomas Dietiker, Jayesh Patel, Arvind
Manjegowda, Sridhar Thyagarjan, Nishita Patel, and Ashwin Khemani:

          Stephen E. Kravit, Esq.
          Benjamin R. Prinsen, Esq.
          KRAVIT, HOVEL & KRAWCZYK S.C.
          825 North Jefferson - Fifth Floor
          Milwaukee, WI 53202
          Tel: (414) 271-7100
          Fax: (414) 271-8135
          E-mail: kravit@kravitlaw.com
                  brp@kravitlaw.com

Co-Counsel:

          Paul G. Swanson, Esq.
          STEINHILBER, SWANSON, MARES, MARONE & MCDERMOTT
          107 Church Avenue, P.O. Box 617
          Oshkosh, WI 54903-0617
          Tel: (920) 235-6690
          Fax: (920) 426-5530

                        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: Hires Garden City Group as Notice & Claims Agent
-----------------------------------------------------------------
Cardiac Science Corporation seeks authority from the Bankruptcy
Court to employ Garden City Group, LLC as its notice, claims and
balloting agent.

The Debtor says that the sheer magnitude of its creditor body --
estimated at 1,700 potential creditors -- makes it impractical for
the Clerk's Office to undertake these tasks.  Thus, the Debtor
asserts the most effective and efficient way to notice these
creditors and interested parties and to transmit, receive, docket,
maintain, photocopy and scan claims, is for it to engage an
independent third party to act as notice and claims agent.

The Company agrees to pay GCG its customary fees and reimburse GCC
for all out-of-pocket expenses reasonably incurred by it in
connection with the performance of the services.  The parties have
agreed that GCG's fees will be capped at $350,000, excluding out of
pocket expenses.

Under the Retention Agreement, the Debtor agreed to indemnify,
defend, and hold harmless GCG and its directors, officers,
employees, affiliates, and agents, except in circumstances
resulting solely from GCG's gross negligence or willful misconduct.


GCG represents that it is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code with respect to
the matters upon which it is engaged.

Prior to the Petition Date, the Debtor provided GCG with a retainer
in the amount of $25,000 under the terms of the Retention
Agreement.  GCG will apply the retainer to all prepetition
invoices, and thereafter, seeks to have the retainer replenished to
the original retainer amount, and to hold the retainer under the
Retention Agreement during the Chapter 11 case as security for the
payment of fees and expenses incurred under the Retention
Agreement.

                       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: Parent, Former Directors Oppose Financing Motion
-----------------------------------------------------------------
Opto Cardiac Care Limited, Cardiac Science Corporation's corporate
parent, Opto Circuits (India) Limited, the Debtor's ultimate
parent, and certain former officers and directors of the Debtor
jointly object to the Debtor's motion for authority to obtain
secured post-petition financing and use cash collateral.

OCC is the holder of 100% of the common stock of Cardiac Science
Corporation.  OCI, an Indian publicly-traded company, is the
parent of OCC and, therefore, the ultimate parent of the Debtor.

Vinod Ramnani, Thomas Dietiker, Jayesh Patel, Arvind Manjegowda,
Sridhar Thyagarjan, Nishita Patel, and Ashwin Khemani are former
officers and directors, and current creditors of the Debtor.

Cardiac Science previously filed a motion with the Bankruptcy Court
seeking permission 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.

Opto and the Officer/Director Creditors object to Finance Motion on
the following grounds:

(a) The Proposed Interim Order contains certain proposed Findings
    and Conclusions that are not adequately supported in the  
    record.  Chief among these is Finding and Conclusion P on page
    10 (that the Lender has acted in good faith; that the
    financing arrangements described in the Finance Motion were
    negotiated at arm's length and in good faith; and that the
    financing provided pursuant to the terms of the Finance Motion
    will be provided in good faith).

(b) Order paragraphs 8(a) and 8(b) on pages 17-19 of the Proposed
    Interim Order grant the Lender a lien (subject to entry of the

    final finance order) on proceeds of any avoidance actions
    belonging to the Debtor's estate and an allowed super-priority
    administrative expense claim, thus virtually ensuring that no
    funds will ever be available for distribution to general
    unsecured creditors or for a creditors committee to perform
    its functions, except as permitted by narrow "carve-out" and
    "use-of-funds" provisions.

(c) Order paragraphs 20(a) and 20(b) on pages 31 and 32 of the
    Proposed Interim Order would appear to release the Lender from
    any claims of the Debtor, including claims that may be
    derivative of Opto's interest in the Debtor.  The Objectors
    contend that those claims exist and are meritorious.

(d) The short Maturity Date proposed for the loans the Lender is
    to provide (not later than Jan. 4, 2016) evidence the Lender's
   "loan to own" purpose and will preclude adequate marketing of
    the Debtor's assets.

The Objectors contend that the Lender has instigated this Chapter
11 case and crafted the Financing Motion to facilitate its hostile
takeover of the Debtor.  The Objectors said they will produce
evidence to support this contention at the hearing on the Debtors
Sale Motion.  

"In the interim, the Court should not permit the Lender to insulate
itself from liability, deprive a Creditors' Committee of
unencumbered cash that may be needed to investigate the Lender, and
establish by means of the Financing Motion a de facto timetable for
a sale process designed to produce the Lender's desired result,"
the Objectors assert.

Attorneys for Opto Circuits (India) Ltd. and Opto Cardiac Care
Limited:

          Paul. A. Lucey, Esq.
          LEVERSON LUCEY & METZ S.C.
          3030 W. Highland Blvd
          Milwaukee, WI 53208
          Tel: (414) 539-4266
          Fax: (414) 271-8504
          E-mail: pal@levmetz.com

Attorneys by special appearance for Vinod Ramnani, Thomas Dietiker,
Jayesh Patel, Arvind Manjegowda, Sridhar Thyagarjan,
Nishita Patel, and Ashwin Khemani:

          Stephen E. Kravit, Esq.
          Benjamin R. Prinsen, Esq.
          KRAVIT, HOVEL & KRAWCZYK S.C.
          825 North Jefferson - Fifth Floor
          Milwaukee, WI 53202
          Tel: (414) 271-7100
          Fax: (414) 271-8135
          E-mail: kravit@kravitlaw.com
                  brp@kravitlaw.com

                       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.


CIT GROUP: Fitch Retains 'BB+' LT IDR Over CEO Retirement
---------------------------------------------------------
The announcement by CIT Group Inc. (CIT, long-term Issuer Default
Rating [IDR] 'BB+'; Outlook Stable) that John A. Thain will retire
as Chief Executive Officer (CEO) at the end of first-quarter 2016,
following the announcement earlier that CIT's Chief Financial
Officer (CFO) Scott T.  Parker will depart the company in Nov.
2015, brings the strategic and financial policies of their
successors to the forefront according to Fitch Ratings.  CIT's
ratings are unaffected at this time, but Fitch notes that execution
risk is likely to be elevated for some time while CIT seeks to
manage the transition of two of its senior most leaders, the
continued integration of OneWest Bank N.A. and the potential sale
of a meaningful portion of the existing business.

Management Turnover in Evolving Business

It is highly unusual for CEO and CFO changes to be announced the
same week, particularly during a period when the company and the
capital markets are not under material duress.  In CIT's case, the
timing is not ideal as the integration of OneWest remains on-going,
but directionally, it follows Thain's execution of the
post-bankruptcy restructuring and growth of CIT over the past five
years.

Fitch has viewed Thain as presenting CIT with incrementally higher
key man risk relative to peers, given his significant influence on
the firm's strategic direction and his strong reputation with
market participants.  That said, Fitch does not view his announced
departure as posing imminent credit risk to the institution,
largely because of the efforts he has already led to restructure
and stabilize the company.

Split of Chairman and CEO Roles Positive

Thain will remain Chairman of the Board after his retirement as
CEO, which is a positive from a corporate governance perspective as
split Chairman and CEO roles provides a clearer delineation between
board oversight and executive management roles.  The fact that
Thain will remain involved in a board capacity may also help to
ensure a smoother management transition while preserving existing
strategic goals and firm culture.

Credible Succession

In Fitch's opinion, CIT is enacting a credible senior management
transition.  Thain's successor (effective March 31, 2016), Ellen R.
Alemany, and Parker's successor (effective Nov. 1, 2015), Carol
Hayles, bring a combination of external perspectives and internal
familiarity with CIT at the Board and management levels,
respectively, to their new roles.  Alemany has served on CIT's
board since January 2014, and has considerable previous industry
experience within RBS Citizens Financial Group, Inc. and Citigroup
Inc.  Hayles also has a long track record as Corporate Controller
at CIT and in leadership roles at Citigroup Inc.

Ensuring a smooth management change is particularly important in
CIT's case given the on-going OneWest integration and the company's
announced plan to explore strategic alternatives for its $10
billion Commercial Air business and certain CIT Canada and CIT
China businesses.  Successful execution on these initiatives would
allow CIT to refine its position as commercial bank tailored
primarily to U.S. small business and middle market customers.

Financial Policies in Focus

With CIT surveying strategic alternatives for the Commercial Air
business and certain CIT Canada and CIT China businesses, portfolio
refinement as opposed to expansion seems the more likely route near
term, and Fitch will monitor whether there will be any changes in
financial policy under the leadership of Alemany and Hayles and as
the business repositioning is effectuated.

Quick Take on Strategic Alternatives

The potential divesture of the Commercial Air business coincides
with a supportive market for aircraft lessors, as evidenced by
Avolon Holdings Ltd.'s recently announced sale to Bohai Leasing Co.
Ltd. for a 31% premium to its pre-announcement share price.  It
also follows acknowledgement by CIT earlier this year that it has
previously had dialogue with certain activist investors.

As CIT's bank has grown in size, synergies from the aircraft
leasing business have become less meaningful for the overall
business given limitations on how much of the aircraft leasing
business can be funded with bank deposits and how much of CIT's net
operating loss carryforward can be captured with gains in the
aircraft leasing business.  Nevertheless, an aircraft leasing
divestiture would reduce overall earnings diversity by business
line and geography and the questions related to use of proceeds
remains unanswered.  At June 30, 2015, pro forma for the OneWest
transaction, financing and leasing assets from commercial airlines
(including the commercial aerospace portfolio and additional
financing and leasing assets) represented 14.8% of total assets.

The potential sales of certain CIT Canada and CIT China businesses
are viewed as less impactful, given their smaller size.  At June
30, 2015, pro forma for the OneWest transaction,
non-transportation-related businesses in Canada and China each
represented approximately 1% of total assets.

Fitch currently rates CIT Group Inc. as:

   -- Long-term IDR 'BB+';
   -- Short-term IDR 'B';
   -- Viability Rating 'bb+';
   -- Revolving Credit Facility 'BB+';
   -- Senior Unsecured Debt Rating 'BB+';
   -- Support Rating '5';
   -- Support Rating Floor 'NF'.

The Rating Outlook is Stable.



CIT GROUP: Moody's Affirms 'B1' Senior Unsecured Rating
-------------------------------------------------------
Moody's Investors Service affirmed the B1 senior unsecured rating
of CIT Group Inc. and changed the company's rating outlook to
positive from stable. This follows CIT's announcement that it will
exit certain non-bank businesses to further its transition to a US
commercial bank.

RATING RATIONALE

Moody's revised CIT's rating outlook to positive to reflect the
expected favorable effects on the company's funding profile and
profitability resulting from its acquisition of OneWest Bank,
planned sale of operations in Canada and China, and its possible
exit from aircraft finance after concluding an internal review. The
transactions advance CIT's transformation into a US commercial
bank, increasing its deposit funding, reducing its investment in
market-funded businesses, and lowering its funding costs.
Integration and execution represent risks to CIT's performance, but
the company's liquidity and capital positions provide reasonable
cushion for unanticipated expenses.

CIT's acquisition of OneWest accelerated what has been a gradual
transition of CIT's operations to a bank-like operating and funding
model, which is positive for its credit profile. The transaction
nearly doubled the company's deposits to over $30 billion. On a pro
forma basis, deposits have grown to represent over 60% of the CIT's
funding, up from 51% at the end of June, further diversifying the
company's funding sources and reducing its reliance on market
funds. Because OneWest's deposits are lower cost than CIT's, the
combined entity's cost of funds is expected to decline by over 60
basis points from CIT's quarter end ratio of 3.04%, which helps
offset competitive pressure on asset yields.

Should CIT exit its aircraft finance business, the company will
significantly reduce asset impairment risk, airline industry
concentration, and the liquidity risk associated with its nearly
$11 billion aircraft purchase commitments. The sale could also
reduce CIT's reliance on market funding if CIT uses some portion of
the proceeds to reduce senior debt. However, the sale would reduce
CIT's hallmark revenue diversification.

Key aspects of CIT's strategy remain unclear, including growth
plans, asset composition and risk appetite, further development of
the company's bank deposit and origination platforms, as well as
its funding strategy. As a condition of its approval of the OneWest
acquisition, the Office of the Comptroller of the Currency requires
that CIT submit a three-year strategic plan by December 2015.
Moody's will assess the plan for its effects on CIT's credit
profile, and this could lead to positive rating pressure.

Legacy OneWest related credit concerns include uncertainty
regarding the performance of the bank's residential real estate and
commercial loan portfolios and the untested resilience of its
deposit franchise, including to a change in interest rates or due
to competitive pressures. Other CIT concerns include the high
proportion of rate-sensitive online and brokered CDs in the
company's deposit base and the risk profile of its earning assets,
given its finance company heritage.

CIT's ratings could be upgraded if: (1) the company makes strides
toward successfully integrating OneWest Bank, leading to stronger
prospects for net finance margin and profitability; and (2) the
company's strategy becomes more transparent and reveals objectives
that are consistent with lower liquidity and asset quality risks,
as well as solid profitability and capital positions.

CIT's ratings could be downgraded if: (1) the company's asset
quality, business volumes or operating results weaken, undermining
long-term competitiveness and credit strength; or (2) if the
OneWest transaction increases CIT's operating and financial risks,
including through exposure to high growth, asset concentrations, or
deposit instability, in contrast to anticipated transaction
benefits.



CLOUD PEAK: Moody's Cuts Probability of Default Rating to B1
------------------------------------------------------------
Moody's Investors Service downgraded the corporate family rating
(CFR) and probability of default rating (PDR) of Cloud Peak Energy
Resources LLC to B1 and B1-PD from Ba3 and Ba3-PD, respectively.
The senior unsecured rating was also downgraded to B3 from B2. The
speculative grade liquidity rating of SGL-2 was affirmed. The
outlook is negative. This concludes the review for downgrade
initiated on September 10, 2015.

RATINGS RATIONALE

The rating action reflects continuing deterioration of the coal
industry, with long-term demand for Powder River Basin coal
challenged by low natural gas prices and regulatory pressures, such
as implementation of the Clean Power Plan. While we acknowledge the
company's strong contracted position over the next eighteen months,
the ratings incorporate the uncertainty over contracted volumes and
prices beyond that time.

The company has 51 million tons contracted for 2016 delivery at an
average of $13.16 per ton. In 2015, we expect average realizations
of roughly $12.80 and an average cash margin of over $2 per ton.
Powder River Basin spot prices have persisted at around $11 per
ton, due to competition from low-priced natural gas. If the current
commodity price environment persists, the company will experience
declining average realizations, and/or will have to curtail
production to maintain them. Based on our expectation of limited
commodity price recovery over the next 18 months, we expect the
company's metrics to come under pressure, with Debt/EBITDA, as
adjusted by Moody's, increasing above 5x. Absent price recovery, we
expect the company to have roughly neutral cash flows in 2016.

The B3 rating on senior unsecured debt reflects their effective
subordination to the secured revolver with respect to claim on
collateral.

Cloud Peak's B1 CFR continues to be supported by its significant
production platform in the PRB, efficient surface mining
operations, solid customer base, good contracted position and low
employee healthcare liabilities. However, the rating is constrained
by the concentration of Cloud Peak's assets in one coal basin and
the resultant exposure to price, transportation, production
disruptions, and regulatory risks. The ratings are supported by the
company's conservative balance sheet, ample cash and liquidity
position, no near-term maturities and ability to scale operations
and capital requirements to maintain positive free cash flows over
the next eighteen months.

The negative outlook reflects our expectation that credit metrics
will continue to deteriorate as long as current pricing conditions
persist.

A rating upgrade is unlikely at this time, but the outlook could be
stabilized if we see a sustainable price recovery in the Powder
River Basin.

The ratings could be downgraded if free cash flows are expected to
be persistently negative and/or if debt-to-EBITDA stays
persistently above 5x. A downgrade would also be considered if PRB
spot prices persist at $11 or below for over six months and/or in
the event of a significant increase in average cost of production.

Cloud Peak, based in Gillette, Wyoming is the only pure play rated
PRB coal producer. The company controls an estimated 1.2 billion
tons of reserves and generated $1.2 billion in revenues over the
twelve months ended June 30, 2015.


COMMUNITY HOME: Pennymac Seeks Automatic Stay Relief
----------------------------------------------------
Pennymac Loan Trust asks the U.S. Bankruptcy Court for the Southern
District of Mississippi, Jackson Division, for relief from the
automatic stay in the Chapter 11 case of Community Home Financial
Services, Inc.

Pennymac is the holder of a Note in the amount of $89,100, which is
signed by James L. Smith, and secured by a deed of trust, signed by
James L. Smith and Stephany Smith.  Debtor Community Home holds a
junior deed of trust on the property affected by Pennymac's deed of
trust.

Micheal Jedynak, Esq., at Morris and Associates, in Monroe,
Louisiana, tells the Court that as of Sept. 3, 2015, James L. Smith
and Stephany Smith have defaulted on the repayment terms of their
Deed of Trust, and Pennymac desires to proceed with its state law
remedies including, but not limited to, foreclosure. Mr. Jedynak
further tells the Court that James L. Smith and Stephany Smith
currently owe Pennymac $17,270, which consists of overdue monthly
payments, attorney fees and costs.

Pennymac Loan Trust is represented by:

          Micheal Jedynak, Esq.
          MORRIS AND ASSOCIATES
          2309 Oliver Road
          Monroe, Louisiana 71201
          Telephone: (318)330-9020
          E-mail: mjedynak@ms.creditorlawyers.com

                  About Community Home Financial

Community Home Financial Services, Inc., filed a Chapter 11
petition (Bankr. S.D. Miss. Case No. 12-01703) on May 23, 2012.
The petition was signed by William D. Dickson, president.

Community Home Financial is a specialty finance company located in
Jackson, Mississippi, providing contractors with financing for
their customers.  CHFS operates from one central location
providing financing through its dealer network throughout 25
states, Alabama, Delaware, and Tennessee.  The Debtor scheduled
$44.9 million in total assets and $30.3 million in total
liabilities.  Judge Edward Ellington presides over the case.

The Debtor was first represented by Roy H. Liddell, Esq., and
Jonathan Bissette, Esq., at Wells, Marble, & Hurst, PPLC as
Chapter 11 counsel.  Wells Marble was terminated Nov. 13, 2013.

The Debtor is now being represented by Derek A. Henderson, Esq., in
Jackson, Miss.  In 2013, the Debtor sought to employ David Mullin,
Esq., at Mullin Hoard & Brown LLP, as special counsel.

On Jan. 9, 2014, Kristina M. Johnson was appointed as Chapter 11
Trustee for the Debtor.  Jones Walker LLP serves as counsel to the
Chapter 11 trustee, while Stephen Smith, C.P.A., acts as
accountant.



COMSTOCK MINING: Incurs $7.95 Million Net Loss in Third Quarter
---------------------------------------------------------------
Comstock Mining Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
available to common shareholders of $7.95 million on $4.34 million
of total revenues for the three months ended Sept. 30, 2015,
compared to a net loss available to common shareholders of $1.98
million on $6.78 million of total revenues for the same period in
2014.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss available to common shareholders of $9.98 million on
$15.87 million of total revenues compared to a net loss available
to common shareholders of $11.06 million on $18.76 million of total
revenues for the same period last year.

As of Sept. 30, 2015, the Company had $45.07 million in total
assets, $26.30 million in total liabilities and $18.76 million in
total stockholders' equity.

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

                        http://is.gd/mo4alR

                       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.


COMSTOCK MINING: Reports Third Quarter 2015 Results
---------------------------------------------------
Comstock Mining Inc. announced selected unaudited financial results
for the fiscal quarter ended Sept. 30, 2015.

Strategic Highlights

  * Restructured and simplified the overall capital structure,
    eliminating all preferred stock, special rights and PIK
    dividends and permanently reducing land obligations and
    royalties.

  * Permitted, commenced and advanced the Lucerne underground
    "Harris" portal and drilling.

  * Encountered significant high-grade gold and silver intercepts
    in the Dayton Drill Program.

  * Received the "Nevada Excellence in Mine Reclamation" for
    Keystone mine restoration.

  * Recognized, along with the Comstock Foundation for History &
    Culture for "Outstanding Rehabilitation of the Historic Upper
    Yellow Jacket Hoist Works."

  * Achieved year-over-year cost savings of $6.7 million for the
    nine months ended Sept. 30, 2015, and, coupled with the
    recently completed restructuring activities, remain on track
    to save $10 million for the full year 2015, as compared to
    full year 2014.

  * Partnered with American Mine and Tunneling LLC and American
    Drilling Corp, LLC to commence key underground development and

    drilling access to the PQ and Woodville structures.

  * Strengthened the balance sheet, raising $6 million for the
    drilling and development of the Lucerne underground program,
    and prerequisite planning for the next phase of Dayton
    drilling.

Selected Financial Highlights - Nine-months Ended Sept. 30, 2015

  * Mining revenue was $15.7 million for the nine months ended
    Septe. 30, 2015, as compared to $18.1 million for the same
    period in 2014, a decrease of 13%, resulting from lower
    average price per ounce of gold realized and lower production.

  * Costs applicable to mining revenue were $10.4 million for the
    nine months ended Sept. 30, 2015, as compared to $14.6
    million, net of silver credits, for the same period in 2014, a
    decrease of 29%, primarily due to mining cost reductions,
    resulting in a gross margin of 34%.

  * General and administrative expenses were $5.1 million for the
    nine months ended Sept. 30, 2015, as compared to $5.2 million
    for the same period in 2014, a decrease of 2%.

  * Net loss was $4.5 million, for the nine months ended Sept. 30,
    2015, as compared to a net loss of $8.3 million, for the same
    period in 2014.  The $3.7 million improvement resulted
    primarily from $4.0 million in lower mining and operating
    costs offset by higher exploration and development for Lucerne
    and Dayton, SR-342 realignment, severance and lower revenues.

  * Net cash generated by operating activities was $0.4 million
    for the nine months ended September 30, 2015, as compared to a

   net cash use of $2.6 million in 2014, a 117% improvement.

  * Excluding the road realignment cost of $1.7 million, net cash
    generated by operating activities was $2.1 million for the
    nine months ended Sept. 30, 2015.

  * Net cash used for investing was $4.8 million for the nine
    months ended Sept. 30, 2015, including $2.8 million for land  

    and $1.9 million for property, primarily for leach pad
    expansions.

  * Debt and capital lease obligations totaled $15.8 million at
    Sept. 30, 2015, including $2.8 million outstanding on the
    revolving credit facility.

  * Cash and cash equivalents at Sept. 30, 2015 were $2.5 million.

Selected Financial Highlights - Three-months Ended Sept. 30, 2015

  * Mining revenue was $4.3 million in Q3 2015 as compared to $6.5
    million in Q3 2014.  The decrease resulted from lower average
    price per ounce of gold realized and lower production.

  * Costs applicable to mining revenue were $3.5 million in Q3
    2015, as compared to $4.4 million, net of silver credits, in
    Q3 2014, a 21% decrease primarily due to mining cost
    reductions.

  * Mine claims and costs decreased by $0.4 million in Q3 2015, as
    compared to Q3 2014.

  * Exploration and mine development costs increased by
    approximately $0.7 million in Q3 2015, as compared to Q3 2014.
    The increase is for the underground drift-mining and drilling
    for the first geological target in Lucerne and for the recent
    Dayton drilling program.

  * Net loss was $4.3 million, for Q3 2015, as compared to a net
    loss of $1.0 million, for Q3 2014.  The $3.3 million increase
    resulted from a $2.4 million decrease in revenue and a $0.7
    million decrease in net other income, offset by a net increase

    in all other costs, including the SR-342 road realignment and
    Lucerne and Dayton exploration and development costs.

  * Net cash generated by operating activities was $0.1 million
    for Q3 2015.

  * Excluding the road realignment cost of $0.8 million, net
    operating cash generated for Q3 2015, was $0.9 million.

Corrado De Gasperis, president & CEO, commented, "The achievements
this year have been foundational, expanding our lands and all major
permits, achieving low cost production by improving every major
variable from grade to yields to strip ratios to fundamental cost
and project management.  We are well into the transition with the
underground drift now reaching 500 feet and the fourth drill
station under development and we are looking forward to testing
some high-grade material on the leach pad as early as this (fourth)
quarter."

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

                        http://is.gd/jy9Km3

                       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.


CTI BIOPHARMA: John Bauer Resigns as Director
---------------------------------------------
John H. Bauer notified the Board of Directors of CTI BioPharma
Corp. of his decision to resign from the Board, with that
resignation to be effective Oct. 20, 2015.  The decision of Mr.
Bauer to resign was not the result of any disagreement with the
Company on any matter relating to the Company's operations,
policies or practices, according to a regulatory filing with the
Securities and Exchange Commission.

                        About CTI BioPharma

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

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

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


CTP TRANSPORTATION: S&P Lowers CCR to 'B', Outlook Stable
---------------------------------------------------------
Standard & Poor's Ratings Services said that it has lowered its
corporate credit rating on CTP Transportation Products Holdings LLC
to 'B' from 'B+' and removed S&P's ratings on the company from
CreditWatch, where it had placed them with negative implications on
Aug. 7, 2015.  The outlook is stable.

At the same time, S&P lowered its issue-level rating on CTP
subsidiaries Carlstar Group LLC and Carlstar Finance Inc.'s $250
million senior secured credit notes to 'B' from 'B+'.  The '4'
recovery rating on the debt is unchanged, indicating S&P's
expectation for average (30%-50%; upper half of the range) recovery
in a default scenario.

"The downgrade reflects our expectation that the company's
debt-to-EBITDA metric will surpass 6x in 2015 before gradually
declining to less than 6x over the next 12-18 months," said
Standard & Poor's credit analyst Jaissy Lorenzo.  CTP's power
transmission belts business contributed about 18% of its revenues
and one-third of its EBITDA before the divestiture.  These lost
earnings coupled with the weakness in the company's key end
markets, such as agriculture and outdoor power equipment, are the
principal drivers behind S&P's expectation that its leverage will
increase.  While the company used a portion of the proceeds from
the divestiture to repay the outstanding balance on its asset-based
revolving credit facility, S&P do not expect that CTP will use the
remaining proceeds to reduce its debt.  As a result, S&P has
revised its assessment of CTP's financial risk profile to "highly
leveraged" from "aggressive".  S&P has also revised its assessment
of the company's financial policy to "FS-6" from "FS-5" given the
company's aggressive financial policies stemming from its
private-equity ownership and our expectation that its credit
measures will deteriorate.  The stable outlook reflects S&P's
expectation that CTP's leverage levels will gradually decline below
6x in 2016 as its end markets stabilize.

The stable outlook on CTP reflects S&P's expectation that the
weakness in the company's agricultural, outdoor power equipment,
and other key end markets, coupled with the recent sale of its
power transmission belts business, will increase the company's
debt-to-EBITDA metric to 6.0x-6.5x in 2015.  S&P expects that the
company's leverage will gradually decline to the 5x-6x range over
the next 12-18 months as its end markets and profitability
stabilize.

S&P could lower its ratings on CTP if a softer operating
performance causes the company's leverage to increase above 6.5x
for an extended period.  S&P could also lower the rating if the
company's liquidity becomes constrained.

Although unlikely in the next 12 to 18 months, S&P could raise its
rating on CTP if the company improves its credit measures such that
its leverage decreases to the 4x-5x range and S&P expects that it
will remain at that level.  For an upgrade to occur, S&P would also
need to believe that CTP and its equity sponsor would adhere to a
financial policy that will allow the company to maintain its
improved credit metrics.



CW MINING: Hiawatha Coal Proceeds Not Property of Estate
--------------------------------------------------------
Judge Tena Campbell of the United States District Court for the
District of Utah, Central Division, affirmed the bankruptcy court's
decision holding that the "Hiawatha Coal Proceeds" are not part of
the bankruptcy estate of C.W. Mining Company.

In June 2008, C.W. Mining sold its assets in the Bear Canyon coal
mine to Hiawatha Coal Company.  In late 2008, Chapter 11 Trustee
Gary E. Jubber and creditor Aquila, Inc., filed an adversary
proceeding under Section 549 of the Bankruptcy Code asking the
bankruptcy court to avoid CWM's postpetition transfer of the mine
to Hiawatha.  The bankruptcy court granted the request and set
aside the transfer.

The Trustee elected to take back the mine and, in a separate
adversary proceeding, sought to recover the Hiawatha Coal proceeds
from the coal purchasers and other parties related to CWM.  The
bankruptcy court found that the Trustee was not entitled to the
Hiawatha Coal proceeds.

Judge Campbell held that the bankruptcy court correctly determined,
in light of the circumstances raised by the Trustee, that the
estate's contingent interest to the severed coal did not mature
into the property right the Trustee claims.  Judge Campbell also
agreed with the bankruptcy court's conclusion that the Trustee is
barred by Section 550 from recovering the severed coal proceeds,
holding that even if the Trustee's incorporeal hereditament somehow
translated into a right to the severed coal, the Trustee elected
his remedies under Section 550 and so is foreclosed from recovering
the severed coal or the coal proceeds at this point.

The district court case is GARY E. JUBBER, Chapter 11 Trustee, and
AQUILA, INC., Appellants, v. DEFENDANTS RE: HIAWATHA COAL PROCEEDS,
Appellees, CASE NO. 2:14-CV-500-TC, (D. Utah).

The bankruptcy case is In re C.W. MINING COMPANY, Debtor,
BANKRUPTCY CASE NO. 08-20105 (Bankr. D. Utah).

A full-text copy of Judge Campbell's October 1, 2015 memorandum
decision and order is available at http://is.gd/La3AXvfrom
Leagle.com.

Gary E. Jubber and Aquila are represented by:

          Brent D. Wride, Esq.
          RAY QUINNEY & NEBEKER
          36 South State Street Suite 1400
          Salt Lake City, UT 84111
          Tel: (801) 532-1500
          Fax: (801) 532-7543
          Email: bwride@rqn.com

            -- and --

          Peter W. Billings, Esq.
          FABIAN VAN COTT
          215 South State Street, Suite 1200
          Salt Lake City, UT 84111-2323
          Tel: (801) 531-8900
          Fax: (801) 596 2814
          Email: pbillings@fabianvancott.com

ABM, Standard Industries, Fidelity Funding, Security Funding Inc,
World Enterprises, and COP Coal Development  are represented by:

          P. Matthew Cox, Esq.
          David L. Pinkston, Esq.
          SNOW CHRISTENSEN & MARTINEAU
          10 Exchange Place, 11th Floor
          Salt Lake City, UT 84111
          Tel: (801) 521-9000
          Fax: (801) 363-0400
          Email: pmc@scmlaw.com
                 dlp@scmlaw.com

World Enterprises Utah, World Enterprises Nevada,  and Mountain
Coin Machine Distributors are represented by:

          P. Matthew Cox, Esq.
          SNOW CHRISTENSEN & MARTINEAU
          10 Exchange Place, 11th Floor
          Salt Lake City, UT 84111
          Tel: (801) 521-9000
          Fax: (801) 363-0400
          Email: pmc@scmlaw.com

Hiawatha Coal Company is represented by:

          Peter W. Guyon, Esq.
          614 Newhouse Building
          Salt Lake City, UT 84111

ANR, A-Fab Engineering,  NWR Limited Partnership, NUR, National
Business Management, and Ruth Brown are represented by:

          David E. Kingston, Esq.
          3212 S State St.
          Salt Lake City, UT 84115
          Tel: (801) 484-9081

Paul Kingston, Joseph O. Kingston, Railco, Latter Day Church of
Christ, Attco Trucking, Ninth Street Development, Ninth Street Inc,
Rachel Young, James Young, Jessica Young,  Carl E. Kingston, Coalt,
Four Corners Precision Manufacturing, DU Company, L.A. Miller, and
CTC Trucking are represented by:

          Carl E. Kingston, Esq.
          3212 South State St.
          Salt Lake City, UT 84115

Charles Reynolds, and Mark Reynolds  are represented by:

          Russell S. Walker, Esq.
          WOODBURY & KESLER PC
          525 E 100 S Suite 300
          Salt Lake City, UT 84102
          Tel: (801) 364-1100
          Fax: (801) 359-2320
          Email: rwalker@wklawpc.com

Intermountain Power Agency is represented by:

          Mark W. Dykes, Esq.
          PARSONS BEHLE & LATIMER
          201 South Main Street, Suite 1800
          Salt Lake City, UT 84111
          Tel: (801) 532-1234
          Email: mdykes@parsonsbehle.com

Commonwealth Coal Services is represented by:

          Robert H. Scott, Esq.
          AKERMAN SENTERFITT LLP
          170 South Main Street Suite 950
          Salt Lake City, UT 84101
          Email: robert.scott@akerman.com

Tennessee Valley Authority is represented by:

          Edward C. Meade, Esq.
          TENNESSEE VALLEY AUTHORITY
          400 West Summit Hill Drive
          Knoxville, TN 37902
          Tel: (865) 632-2101

            -- and --

          Robert H. Scott, Esq.
          AKERMAN SENTERFITT LLP
          170 South Main Street Suite 950
          Salt Lake City, UT 84101
          Email: robert.scott@akerman.com

Golden West Industries is represented by:

          Steven C. Strong, Esq.
          COHNE KINGHORN PC
          111 E. Broadway Eleventh Floor
          Salt Lake City, UT 84111
          Tel: (801) 363-4300
          Fax: (801) 363-4378
          Email: sstrong@cohnekinghorn.com

SMC Electrical Products and Becker Mining America are represented
by:

          Jeffrey L. Shields, Esq.
          CALLISTER NEBEKER & MCCULLOUGH
          Zions Bank Building
          10 East South Temple, Suite 900
          Salt Lake City, UT 84133
          Tel: (801) 530-7300
          Fax: (801) 364-9127
          Email: jlshields@cnmlaw.com

Graymount Western US is represented by:

          Danny C. Kelly, Esq.
          STOEL RIVES
          201 South Main Street, Suite 1100
          Salt Lake City, UT 84111
          Tel: (801) 328-3131
          Fax: (801) 578-6999
          Email: danny.kelly@stoel.com

Trimac Transportation Central is represented by:

          Adelaide Maudsley, Esq.
          KIRTON MCCONKIE
          Kirton McConkie Building
          50 East South Temple Suite 400
          Salt Lake City, UT 84111
          Tel: (801) 328-3600
          Fax: (801) 321-4893
          Email: amaudsley@kmclaw.com

                About C.W. Mining Company

C.W. Mining Company ("CWM") was the former owner of a coal mine in
Utah.  Based in Salt Lake City, Utah, C.W. Mining Co. dba Co-Op
Mining Company operated the Bear Canyon Mine in Emery County, Utah,
under the terms of a lease with C.O.P. Coal Development Company,
which owns the mine.  Aquila Inc., Owell Precast, LLC, and House of
Pumps, Inc., filed an involuntary Chapter 11 petition (Bankr. D.
Utah Case No. 08-20105) on Jan. 8, 2008.  In November 2008, the
Chapter 11 case was converted to a Chapter 7 liquidation
proceeding.  Kenneth A. Rushton serves as the Chapter 7 Trustee,
and is represented by Brent D. Wride, Esq., at Ray Quinney &
Nebeker, in Salt Lake City.  Gary E. Jubber later substituted Mr.
Rushton as Chapter 7 Trustee.


CYANCO INTERMEDIATE: S&P Affirms 'B' CCR, Outlook Stable
--------------------------------------------------------
Standard & Poor's Ratings Services revised its rating outlook on
Texas-based Cyanco Intermediate Corp. to stable from negative.  At
the same time, S&P affirmed all ratings, including its 'B'
corporate credit rating, on the company.

S&P also affirmed its 'B+' issue-level rating on Cyanco's senior
secured debt.  The recovery rating on this debt remains '2',
indicating S&P's expectation of substantial (lower half of the
70%-90% range) recovery in the event of a default.

"The outlook revision reflects Cyanco's strengthened liquidity
position resulting from improving 2015 EBITDA and moderate free
operating cash flow, which the company has used to reduce debt over
the past few quarters," said Standard & Poor's credit analyst
Daniel Krauss.

Through the first half of 2015, volumes have increased moderately
and the benefits from cost-reduction initiatives have led to
improved earnings and EBITDA margins.  S&P expects that the company
will be able to maintain "adequate" liquidity levels, including
sufficient cushion under its net leverage covenant over the next 12
to 24 months.

S&P views Cyanco's business risk profile as "weak," reflecting its
narrow focus as a producer of sodium cyanide used by the gold
mining industry, high customer concentration, dependence on Ascend
Performance Materials LLC (Ascend) as a key raw material supplier,
and reliance on two manufacturing sites.  S&P's assessment of
Cyanco's financial risk profile as highly leveraged reflects the
company's high debt leverage and our view of the financial policy
risks associated with the company's ownership by a financial
sponsor.  S&P considers Cyanco's liquidity as "adequate."

The stable outlook reflects S&P's view that Cyanco will continue to
generate solid EBITDA margins and maintain credit measures
appropriate for the current rating.  Under S&P's current
assessment, it expects the company to maintain FFO/debt at about
12% and debt to EBITDA of about 5x, as the company prioritizes the
use of free cash flow generation to reduce debt.  The reduction in
debt should help ensure that the company will comply with its net
leverage covenant by improving its existing EBITDA cushion.

S&P could lower the ratings if there is a significant drop-off in
operating performance or if S&P thinks that compliance with
covenants could become an issue.  In S&P's downside scenario, a 10%
decrease in 2016 revenue growth combined with a 5% or more drop in
EBITDA margins from current projections would lead to leverage
increasing above 6x and FFO to debt dropping into the
high-single-digit percentage range.  A loss of one of Cyanco's
three key customers, which together generate approximately 40% of
the company's revenue, or major disruptions at one of the company's
two production facilities, could produce such a scenario.

S&P could raise the rating by one notch if the company continues to
bolster its credit measures by consistently paying down debt and
maintaining an "adequate" liquidity level.  Specifically, S&P could
consider a higher rating if the company is able to improve FFO to
debt consistently above 12%, with the expectation that the company
would maintain this ratio at this level even after factoring in
future financial policy decisions.



DETROIT, MI: Governor Readies Legislation to Fix Public Schools
---------------------------------------------------------------
ABI.org reported that Michigan Governor Rick Snyder said on
Oct. 18, 2015, that Detroit's public schools should be split
between a new community school district and the current district to
raise academic performance.

                     About Detroit, Michigan

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: Exes Still in Hot Water Despite Mistrial Verdict
-----------------------------------------------------------------
Lisa Ryan at Bankruptcy Law360 reported that the embattled ex-Dewey
& LeBoeuf LLP executives are still in hot water despite
Oct. 18, 2015's mistrial verdict, unable to shake the fraud charges
quite yet because of a potential retrial looming in the distance.

Two partial jury verdicts cleared former Dewey Chairman Steven
Davis, Executive Director Stephen DiCarmine and Chief Financial
Officer Joel Sanders of 58 total counts of falsifying business
records, but because the jury deadlocked on the 93 remaining
charges, New York Supreme Court Judge Robert Stolz declared a
mistrial.

                  Four-and-A-Half Month Trial

Stewart Bishop at Bankruptcy Law360 reported that the Manhattan
District Attorney's Office took a hit on Oct. 19, when jurors in
the trial of the former leaders of Dewey & LeBoeuf deadlocked on
most of the counts in a case experts say was plagued by a litany of
charges, a lack of expert testimony and mediocre cooperators.

After a four-and-a-half-month trial, a jury of seven women and five
men told New York Supreme Court Judge Robert Stolz three times they
were unable to reach a unanimous verdict on most of the charges.

                          No Clean Sweep

According to Bankruptcy Law360, the closely watched case over the
collapse of Dewey & LeBoeuf ended in a jury deadlock and mistrial.
But over the course of nearly five months of testimony and
drawn-out deliberations, the trial laid bare the dirty laundry of a
BigLaw firm in turmoil.

The defendants' attorneys said they were disappointed the jury
didn't deliver a "clean sweep."

Witnesses in the Dewey & LeBoeuf accounting fraud trial ran the
gamut of emotions over the course of three months of testimony in
Manhattan criminal court, providing a behind-the-scenes account of
the megafirm's spectacular rise and fall.

Stewart Bishop at Bankruptcy Law360 reported that after the
mistrial in the fraud case against the former top executives of
Dewey & LeBoeuf, prosecutors wasted no time in saying they were
considering a retrial, and experts predict the Manhattan District
Attorney's office will regroup and try the case again.

In another report by Mr. Bishop and Stan Parker, after a 76-day
trial and five weeks of deliberations, attorneys for former Dewey &
LeBoeuf LLP executives Stephen DiCarmine and Steven Davis told
Law360 on on Oct. 18, they were disappointed the jury didn't
deliver a "clean sweep" and criticized Manhattan District Attorney
Cyrus R. Vance Jr. for trying an "absolutely inappropriate"
criminal case.

                      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.



DURANGO GEORGIA: Equitable Subordination of PBGC's Claim Disallowed
-------------------------------------------------------------------
Judge John S. Dalis of the United States Bankruptcy Court for the
Southern District of Georgia, Brunswick Division, dismissed, with
prejudice, the complaint for equitable subordination of Pension
Benefit Guaranty Corporation's claim.

An adversary proceeding was filed seeking equitable subordination
of PBGC's claim for the total amount of unfunded benefit
liabilities under 29 U.S.C. Section 1362(b).  The complaint
asserted that the PBGC not only had every opportunity but also was
requested numerous times to intervene in the Liquidating Trustee's
nearly eleven-year adversary proceeding seeking to recover the
amount of the Termination Liability from the previous owners of the
paper mill in St. Marys, Georgia.  The Liquidating Trustee asserted
that the PBGC's refusal to intervene or bring its own action was
inequitable conduct that injured the remaining creditors, requiring
equitable subordination of the PBGC's claim for the Termination
Liability.

In granting PBGC's motion to dismiss, Judge Dalis held that the
complaint failed to state a claim.  Judge Dalis found that PBGC's
claim may not be equitably subordinated in the absence of
inequitable conduct, the PBGC is not an "insider" for the purpose
of establishing inequitable conduct, and PBGC's decision not to
intervene or to file its own action was not inequitable.  Further,
Judge Dalis also concluded that the Liquidating Trustee has not
shown a causal connection between the PBGC's decision not to pursue
an action against the paper mill's previous owners and the alleged
injury to the other unsecured creditors.

The case is IN RE: DURANGO GEORGIA PAPER COMPANY, DURANGO GEORGIA
CONVERTING CORPORATION, and DURANGO GEORGIA CONVERTING LLC, CHAPTER
11, Debtors. DURANGO GEORGIA PAPER COMPANY, DURANGO GEORGIA
CONVERTING CORPORATION, and DURANGO GEORGIA CONVERTING LLC
Plaintiffs, v. PENSION BENEFIT GUARANTY CORPORATION Defendant, CASE
NO. 02-21669, ADVERSARY PROCEEDING NO. 15-02009 (Bankr. S.D. Ga.).

A full-text copy of Judge Dalis' October 5, 2015 opinion and order
is available at http://is.gd/nxsENufrom Leagle.com.

                 About Durango Georgia

Based in St. Mary's, Georgia, Durango Georgia Paper Company --
http://www.durangopaper.com/-- was a nationally recognized  
bleached board and kraft paper producer in the U.S. offering
coast-to-coast and international service.  On Oct. 29. 2002,
creditors filed an involuntary chapter 7 petition against Durango.
The Company filed for chapter 11 relief on Nov. 20, 2002 (Bankr.
S.D. Ga. Case No. 02-21669).  George H. Mccallum, Esq., at Stone &
Baxter, LLP, Kate D. Strain, Esq., at Hunter, Maclean, Exley &
Dunn, PC, and Neil P. Olack, Esq., at Duane Morris LLP, represent
the Debtor in its restructuring efforts.  Bridge Associates, LLC,
was appointed as Liquidating Trustee under the terms of a Plan of
Liquidation approved by creditors and confirmed by the Bankruptcy
Court in June 2004.


EHC LLC: Voluntary Chapter 11 Case Summary
------------------------------------------
Debtor: EHC LLC
        36 W Randolph
        Chicago, IL 60602

Case No.: 15-35952

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: October 22, 2015

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

Judge: Hon. Jacqueline P. Cox

Debtor's Counsel: Nikola Duric, Esq.
                  DURIC LAW OFFICES
                  810 Busse Highway
                  Park Ridge, IL 60068
                  Tel: (847) 656-5410
                  Email: duriclaw@att.net

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.


ELBIT IMAGING: Announces Series H and I Notes Buy-Back
------------------------------------------------------
Elbit Imaging Ltd. announced that in connection with the Board of
Directors' resolution to approve a notes' Buy-Back plan of the
Company's series H and I Notes which are traded on the Tel Aviv
Stock Exchange, the repurchases of the following Notes was executed
since the Oct. 12, 2015:

        Note:    Series H

   Acquiring     Elbit Imaging Ltd.
Corporation:

    Quantity     8,515,818   
   Purchased
(Par value):

    Weighted     87.43
     average
       price:

Total amount  7,445,810
   paid(NIS):

                        About Elbit Imaging

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

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

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

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

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


ELBIT IMAGING: InSightec Seeks FDA OK of Exablate Neuro Treatment
-----------------------------------------------------------------
Elbit Imaging Ltd. announced that it was informed by InSightec
Ltd., that InSightec has submitted a premarket approval application
to the U.S. Food and Drug Administration for its Exablate Neuro
treatment of Essential Tremor.

Exablate Neuro uses high intensity focused ultrasound to thermally
ablate the target tissue and continuous MRI to visualize the
anatomy, plan treatment and monitor treatment outcomes.  In the
brain, MRgFUS is used to perform a non-invasive thalamotomy through
intact skull to relieve tremor in patients with Essential Tremor.

The Company holds approximately 82.7% of the share capital of Elbit
Medical Technologies Ltd. (on a fully diluted basis) which, in
turn, holds approximately 29.6% of the share capital in InSightec
(on a fully diluted basis).

                        About Elbit Imaging

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

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

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

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

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


ENDEAVOUR INTERNATIONAL: Has Approval for Structured Dismissal
--------------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court approved
Endeavour International's motion to dismiss its Chapter 11
proceedings.

According to the order, "EOC is authorized to make distributions
totaling $3.2 million in cash, the settlement payment, in full and
final satisfaction of certain allowed unsecured claims including
(i) to Kurtzman Carson Consultants, in an amount of $53,659.40…;
(ii) to holders of guarantee claims against Debtors on account of
$135 million in principal amount of 5.5% convertible notes due 2016
in the amount of $1,362,508.66; (iii) to holders of guarantee
claims on account of $17.5 million in principal amount of 6.5%
convertible notes due 2017 in the aggregate amount of $178,449 and
(iv) to Wilmington Trust, in its capacity as indenture trustee for
distribution to holders of the $150 million in principal amount of
12% notes due 2018, in the amount of $1,605,382..."

As previously reported, the Company sold all of its U.S. oil and
gas assets and, as part of a credit bit transaction, sold the
equity in its U.K. subsidiaries.  Following consummation of the
sales, EOC had no business left to reorganize and nothing of value
left in its estates.  EOC explains, "Through dismissal, the Debtors
seek to minimize the accrual of additional administrative expenses.
The Debtors believe that the alternative to dismissal -- conversion
of the Chapter 11 cases to Chapter 7 of the Bankruptcy Code -- is
unwarranted because such conversion would create additional
administrative expenses, unnecessarily reducing the recoveries of
creditors."  The independent oil and gas provider filed for Chapter
11 protection on Oct. 10, 2014, listing
$1.5 billion million in prepetition assets.

ABI.org reported that on Oct. 16, won approval for its
debt-for-equity swap with bondholders, the latest company to use a
structured dismissal.

Matt Chiappardi at Bankruptcy Law360 reported that a Delaware
bankruptcy judge on Oct. 16, 2015, agreed to allow Endeavour
Operating Corp. to go ahead with a so-called structured dismissal
of its Chapter 11 case after the oil company struck a deal with
unsecured creditors who opposed the move and months since it
ditched a prearranged exit strategy.

During a hearing in Wilmington, U.S. Bankruptcy Judge Kevin J.
Carey learned that Endeavour had struck a deal that allowed
unsecured creditors to recover $3.2 million from the estate.

                   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: Junior Noteholders Assert Make-Whole Payment Claim
-----------------------------------------------------------------
Matt Chiappardi at Bankruptcy Law360 reported that holders of
nearly $2.2 billion worth of an Energy Future Holdings Corp. unit's
second-lien notes told a Delaware bankruptcy judge on
Oct. 19, 2015, that they are due up to more than $400 million in
make-whole payments despite the court's decision months ago denying
such premiums in a similar situation.

During a hearing in Wilmington, Computershare Trust Co. --
indenture trustee for $2.16 billion in second-lien notes issued by
EFH subsidiary Energy Future Intermediate Holding Co. LLC -- argued
the court.

Jonathan Randles, in a separate report, related that the Debtor on
Oct. 18, 2015, filed a lawsuit in Delaware that would force an
investment company to relinquish its minority ownership stake in
EFH's prized Oncor Electric Delivery business in order to
facilitate a key component of the bankrupt company's $13 billion
reorganization strategy.

EFH's plan to sell its 80 percent stake in Oncor, which operates
the largest electric distribution and transmission system in Texas,
to a group led by Hunt Consolidated Inc. is serving as the linchpin
of the Debtor's proposed Chapter 11 plan.

                 About Energy Future Holding Corp.

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

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

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

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

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

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

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

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

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

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


ENERGY XXI: Moody's Cuts Corporate Family Rating to Caa3
--------------------------------------------------------
Moody's Investors Service downgraded Energy XXI Gulf Coast, Inc.'s
(EXXI) Corporate Family Rating (CFR) to Caa3 from Caa2, its
Probability of Default Rating to Caa3-PD/LD from Caa2-PD, its
second lien secured notes rating to Caa1 from B2, and its senior
unsecured notes rating to Ca from Caa3. EPL Oil & Gas, Inc. is
EXXI's wholly-owned subsidiary, and its senior unsecured notes were
also downgraded from Caa3 to Ca. Moody's also lowered EXXI's
Speculative Grade Liquidity Rating to SGL-4 from SGL-3. The ratings
outlook is negative.

EXXI has repurchased some of its unsecured notes in the market, and
as of September 25, 2015, the company had retired over $425 million
in face value of bonds. Moody's considers EXXI's repurchase of
unsecured debt at a discount to par as a distressed exchange for
its senior unsecured debt, which Moody's views as a default. As
noted above, Moody's appended the Caa3-PD PDR with an "/LD"
designation indicating limited default, which will be removed three
business days thereafter.

Rating Actions:

Issuer: Energy XXI Gulf Coast, Inc.

-- Corporate Family Rating, Downgraded to Caa3 from Caa2

-- Probability of Default Rating, Downgraded to Caa3-PD/LD from
Caa2-PD

-- Speculative Grade Liquidity Rating, Lowered to SGL-4 from
SGL-3

-- Senior secured second lien notes to Caa1 (LGD2) from B2 (LGD2)

-- Senior unsecured notes to Ca (LGD5) from Caa3 (LGD4)

EPL Oil & Gas, Inc.

-- Senior unsecured notes to Ca (LGD5) from Caa3 (LGD4)

Outlook Actions:

Energy XXI Gulf Coast Inc.

Outlook: Changed to Negative from Stable

EPL Oil & Gas, Inc.

Outlook: Changed to Negative from Stable

RATINGS RATIONALE

EXXI's Caa3 CFR reflects high risk for the company's business
profile because of elevated leverage and limited financial
flexibility in a weak commodity price environment. EXXI's rating
also reflects the high risk that EXXI will not have the ability to
grow out of its weak leverage metrics as reduced capital
expenditures and expected low commodity prices impact its
production and EBITDA, while its high interest expense and
abandonment costs limit cash flow.

EXXI's SGL-4 Speculative Grade Liquidity Rating reflects its weak
liquidity profile through 2016. As of September 25, 2015 and
including the effect of over $425 million in face value of bond
purchases, EXXI had available liquidity of roughly $600 million,
including $124 million available under its $500 million borrowing
base revolving credit facility. The credit facility matures in
April 2018. However, EXXI could make additional bond repurchases
using its cash balances. As EXXI continues to outspend its cash
flow, EXXI's liquidity will shrink through 2016. Further, as EBITDA
contracts, we expect EXXI to have difficulty in complying with its
financial covenants and will need to seek covenant relief from its
lenders.

EXXI's and EPL's notes are rated Ca, which is one notch below
EXXI's Caa3 CFR. This notching reflects the priority claim given to
the senior secured credit facility and second lien notes. The
second lien notes are rated two notches above the company's CFR
reflecting its priority claim over EXXI's unsecured notes.

The company's negative ratings outlook reflects its still highly
levered capital structure and the likely need to re-negotiate its
financial covenants. The outlook could return to stable if the
company makes sufficient progress in fixing its still untenable
capital structure.

A downgrade is possible if liquidity deteriorates and falls below
$200 million, or the company is unable to re-negotiate its
financial covenants. An upgrade will not be considered until
retained cash flow to debt exceeds 5% and the company continues to
maintain adequate liquidity.

Energy XXI Gulf Coast, Inc. (EXXI) is an indirect wholly-owned
subsidiary of publicly listed Energy XXI Limited and is engaged in
the exploration and production of oil, natural gas liquids and
natural gas in the shallow and deepwater of the US Gulf of Mexico.
EPL Oil & Gas, Inc. is a wholly-owned subsidiary of EXXI.



ENERGYSOLUTIONS INC: S&P Lowers CCR to 'B', Outlook Stable
----------------------------------------------------------
Standard & Poor's Ratings Services said that it has lowered its
corporate credit rating on EnergySolutions Inc. 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 credit facilities to 'B+' from 'BB-'.  The
'2' recovery rating is unchanged, indicating S&P's expectation of
substantial (70%-90%; lower half of the range) recovery in a
payment default scenario.

"The downgrade reflects our view that EnergySolutions' credit
measures will deteriorate to the extent that we will no longer be
justified in applying our "positive" comparable rating analysis
modifier to our rating on the company," said Standard & Poor's
credit analyst James Siahaan.  EnergySolutions' second-quarter
operating performance was quite weak because the volume of
radioactive waste available for logistics, processing, and disposal
service companies eroded meaningfully while the firm was also beset
by litigation-related expenses.  While the company has benefitted
from lower interest costs following its 2014 refinancing, this
savings has been more than offset by the company's
weaker-than-expected earnings and cash flow generation. As of June
30, 2015, the company's adjusted total debt-to-EBITDA ratio
exceeded 7x.  While S&P do believes that this measure will improve
during the second half of 2015 as the environment for government
projects in the U.K. improves, S&P nonetheless believes that this
ratio will likely remain at the high end of its typical 5x-6x range
for issuers that S&P rates in the 'B' category. Consequently, S&P
has revised its comparable rating analysis assessment on
EnergySolutions to "neutral" from "positive", leading S&P to lower
its rating on the company.

The stable outlook on EnergySolutions Inc. reflects S&P's view
that, while the company has been beset by muted volumes and higher
costs in 2015, its participation in the highly regulated LLRW
industry and its operational improvements will allow it to generate
satisfactory EBITDA margins and good free cash flow over the next
12 months.  S&P believes that the lower interest costs following
the company's 2014 refinancing and prudent financial policies
supported by the company's management and ownership will support
its credit quality, allowing it to continue to deleverage to the
point that its adjusted debt-to-EBITDA ratio falls below 6x over
the next 12 months.

S&P could lower its rating on EnergySolutions if the company were
to face significant and protracted operating challenges, or if it
incurs additional debt such that its adjusted debt-to-EBITDA ratio
will likely remain above 6.5x without material prospects for
improvement.  While the company's adjusted leverage metric exceeded
this figure as of June 30, 2015, S&P anticipates that this ratio
will improve to below 6x as the anticipated repayment of some of
the company's revolving debt and additional earnings contributions
in the third and fourth quarters are realized.  For
EnergySolutions' adjusted leverage ratio to again exceed 6.5x, it
would require the company's EBITDA margins to decline by 200 basis
points from S&P's projections.

Although unlikely, S&P could raise its rating on EnergySolutions if
the company's waste volumes, operating efficiency, cost management,
and profitability all improve significantly, causing its adjusted
debt-to-EBITDA ratio to decline to less than 5x and remain there
for more than two consecutive quarters.  An upgrade would also be
predicated on management commitment to follow more conservative
financial policies while maintaining adequate liquidity.  S&P's
analysis does not factor in any potential remuneration to
EnergySolutions from a legal settlement with the U.K.'s Nuclear
Decommissioning Authority pertaining to its procedures associated
with awarding the Magnox decommissioning contract.  If the company
receives an award of significant size and applies the proceeds to
debt reduction, it would also support S&P's rationale for a
positive rating action.



FIRST DATA: Citadel Reports Ownership of 9.56M Class A Shares
-------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Citadel Advisors LLC, et al., disclosed that as of Oct.
15, 2015, they beneficially owned 9,562,877 shares shares of Class
A common stock, par value $0.01 per share, of First Data
Corporation, representing 6 percent of the shares outstanding.  A
copy of the regulatory filing is available at:

                       http://is.gd/fRpD4K

                         About First Data

Based in Atlanta, Georgia, First Data Corporation provides
commerce and payment solutions for financial institutions,
merchants, and other organizations worldwide.

First Data reported a net loss attributable to the Corporation of
$458 million on $11.2 billion of total revenues for the year ended
Dec. 31, 2014, compared with a net loss attributable to the
Corporation of $869 million on $10.8 billion of total revenues
during the prior year.

As of June 30, 2015, the Company had $34.5 billion in total assets,
$32.1 billion in total liabilities and $2.3 billion in total
equity.

                           *     *     *

The Company carries a 'B3' corporate family rating, with a
stable outlook, from Moody's Investors Service, a 'B' corporate
credit rating, with stable outlook, from Standard & Poor's, and
a 'B' long-term issuer default rating from Fitch Ratings.


FOURTH QUARTER PROPERTIES: MLIC Seeks Automatic Stay Relief
-----------------------------------------------------------
MLIC Asset Holdings, LLC, and MLIC CB Holdings, LLC ("MLIC") ask
the U.S. Bankruptcy Court for the Northern District of Georgia,
Newnan Division, for relief from the automatic stay or to convert
the case to Chapter 7.

Metropolitan Life Insurance Company ("MetLife") is the holder of a
First Mortgage Note and Loan Agreement executed by the Debtor and
Stanley E. Thomas on the original principal amount of $30,000,000.
To secure the indebtedness owed to MetLife pursuant to the Note,
the Debtor executed a First Mortgage and Security Agreement
granting to MetLife a security interest in, among other things,
certain real property located in Sublette County, Wyoming.  The
Debtor failed to remit payments to MetLife and the Note was
declared in default and accelerated by MetLife on Jan. 23, 2013.
The Note, the Loan Agreement, the First Mortgage and Security
Agreement and all related loan documents were assigned by MetLife
to MLIC.

MLIC relates that it filed suit against the Debtor, Thomas and John
D. Phillips in the District Court for the Ninth Judicial District,
County of Sublette, State of Wyoming and the District Court entered
an Order Granting Summary Judgment and Decree of Foreclosure in
favor of MLIC and against the Debtor, Mr. Thomas and Mr. Phillips
("Pre-Petition Wyoming Judgment").  MLIC further relates that the
Pre-Petition Wyoming Judgment was never appealed and is a final,
enforceable judgment in all respects.  MLIC notes that the total
amount due under the Pre-Petition Wyoming Judgment as of Petition
Date was $27,925,104 ("Indebtedness").  MLIC further notes that the
Indebtedness continues to accrue interest in the amount of $9,144
per day, and that since the Petition Date, through Sept. 8, 2015,
an additional $2,094,015 of interest has accrued increasing the
Indebtedness, exclusive of fees, interests and other costs that
MLIC may be entitled to pursuant to 11 U.S.C. Sec. 506(b), to
$30,019,119.  MLIC contends that as of the Petition Date, the
Indebtedness had not been satisfied and remained outstanding.

MLIC tells the Court that sufficient cause exists to grant stay
relief and permit MLIC to enforce the Pre-Petition Wyoming Judgment
and foreclose on the Property, as the Debtor filed its Chapter 11
case in bad faith and MLIC's collateral interest in the Property is
not adequately protected.  MLIC further tells the Court that the
Indebtedness as of Sept. 8, 2015 is $30,019,119 and the current
appraised value of the Property is $25,600,000.  MLIC adds that it
requests the conversion of the case to Chapter 7 if the Court
determines that relief from the automatic stay is not appropriate
and the Debtor cannot provide adequate protection to MLIC.

MLIC Asset Holdings and MLIC CB Holdings are represented by:

          Gary A. Barnes, Esq.
          Ron C. Bingham, II,  Esq.
          Madeleine G. Kvalheim, Esq.
          BAKER, DONELSON, BEARMAN,
          CALDWELL & BERKOWITZ, P.C.
          Monarch Plaza, Suite 1600
          3414 Peachtree Road, N.E.
          Atlanta, Georgia 30326
          Telephone: (404)577-6000
          Facsimile: (404)221-6501
          E-mail: gbarnes@bakerdonelson.com
                  rbingham@bakerdonelson.com
                  mkvalheim@bakerdonelson.com

                About Fourth Quarter Properties 86

Fourth Quarter Properties 86, LLC, sought Chapter 11 protection
(Bankr. N.D. Ga. Case No. 15-10135) in Newnan, Georgia, on Jan.
22, 2015.  According to the docket, the Debtor's Chapter 11 plan
and
disclosure statement are due May 22, 2015.

Little Suwanee Holdings, LLC, owns 95 percent of the membership
interests in the Debtor while J. Bruce Williams, Jr., holds the
remaining 5 percent.

The Debtor is represented by Ward Stone, Jr., Esq., at Stone &
Baxter LLP, in Macon, Georgia.

The Debtor disclosed $49,124,608 in assets and $75,377,946 in
liabilities in its schedules.



FREE GOSPEL: Hires Capstar Commercial as Realtor
------------------------------------------------
The Free Gospel Church of the Apostles' Doctrines seeks
authorization from the U.S. Bankruptcy Court for the District of
Maryland to employ John Lin and Capstar Commercial Realty as
realtor to sell a parcel of land located at 3631 Largo Road, Upper
Marlboro, MD 20772.

The initial listing price of the property will be $4,000,000.  Mr.
Lin may revise from time to time as the Owner may deem necessary.

Mr. Lin will receive commission of 6% of the gross sale or exchange
value price if sold at private sale as result of his effort. The
rate of commission requested is customary for the sale of real
property.

Mr. Lin, president and founder of Capstar Commercial, 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.

Capstar Commercial can be reached at:

       John Lin
       CAPSTAR COMMERCIAL REALTY
       438 N. Frederick Avenue #450
       Gaithersburg, MD 20877
       Tel: (301) 738-7777

The Free Gospel of the Apostles' Doctrine filed a Chapter 11
bankruptcy petition (Bankr. D. Md. Case No. 15-18209) on June 9,
2015.  The petition was signed by Antoinette Green-Snow as
executive administrator.  The Debtor estimated assets of $10
million to $50 million and debts of $1 million to $10 million.

Frank Morris, II, Esq., at Law Office of Frank Morris II, serves as
the Debtor's counsel.


GEOMET INC: Central Securities No Longer Owns Shares as of Sept. 29
-------------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Central Securities Corporation disclosed that as of
Sept. 29, 2015, it does not beneficially own common stock / Series
A Convertible Redeemable Preferred Stock of GeoMet, Inc.  A copy of
the regulatory filing is available at http://is.gd/05Kxfg

                          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.


GERTI MUHO: Files for Chapter 11 Protection in Florida
------------------------------------------------------
Cara Salvatore at Bankruptcy Law360 reported that asset manager
Gerti Muho filed for Chapter 11 bankruptcy in Florida federal court
on on Oct. 16, 2015, saying assets and claims worth $1 billion are
under threat from a former business partner with whom he is
embroiled in litigation.

Muho's Chapter 11 petition seeks to cut off what he says are
unjustified asset seizures by the former partner, Alphonse Fletcher
Jr., which are also at the center of litigation he undertook this
spring against firms including Jones Day and Morrison Foerster, who
he says worked with Fletcher.


GOE LIMA: SunTrust's Bid to Dismiss Smith-Boughan Suit Denied
-------------------------------------------------------------
Judge Mary Ann Whipple of the United States Bankruptcy Court for
the Northern District of Ohio, Western Division, denied SunTrust
Bank's Motion for Summary Judgment.

On June 30, 2009, Smith-Boughan, Inc., commenced an adversary
proceeding by filing an eleven-count complaint and naming as
defendants GOE Lima, LLC, and SunTrust Bank, individually and as
agent for GOE's prepetition secured lenders.

SunTrust Bank sought dismissal of all claims against it, based upon
the claim preclusive effect of an award in an arbitration
proceeding between Smith-Boughan and PEA (LIT), LLC, the assignee
of certain construction claims against Smith-Boughan.  According to
SunTrust, pursuant to the arbitration award, the panel conclusively
determined that Smith-Boughan does not have a valid claim against
GOE's estate, thus precluding Smith-Boughan's assertion of such a
claim.

Judge Whipple, however, found that SunTrust has failed to show that
the arbitration panel actually determined Smith-Boughan's claims
against GOE's estate.  Judge Whipple thus concluded that the
arbitration award does not preclude Smith-Boughan's assertion that
it has such claims.

The case is In Re: GOE Lima, LLC, Chapter 11 Debtor. Smith-Boughan,
Inc., Plaintiff, v. SunTrust Bank, et al., Defendants, CASE NO.
08-35508, ADV. PRO. NO. 09-3020 (Bankr. N.D. Ohio).

A full-text copy of Judge Whipple's October 7, 2015 memorandum of
decision and order is available at http://is.gd/Mksca1from
Leagle.com.

Smith-Boughan, Inc. is represented by:

          Timothy P. Nackowicz, Esq.
          ALLOTTA FARLEY CO., L.P.A.
          2222 Centennial Road
          Toledo, OH 43617
          Tel: (419) 535-0075
          Fax: (419) 535-1935

            -- and --

          H. Buswell Roberts, Esq.
          2001 South Main St. Unit 206-A
          Blacksburg, VA 24060
          Tel: (540) 641-2840
          Fax: (540) 951-8357

SunTrust Bank is represented by:

          Patricia B. Fugee, Esq.
          One SeaGate, Suite 1700
          Toledo, OH 43604
          Tel: (419) 254-5261
          Fax: (419) 242-0316
          Email: pfugee@ralaw.com

GEO Lima, LLC is represented by:

          Timothy J. Hurley, Esq.
          Raymond W. Lembke, Esq.
          Earl K. Messer, Esq.
          TAFT, STETTINIUS & HOLLISTER LLP
          425 Walnut Street Suite 1800
          Cincinnati, OH 45202-3957
          Tel: (513) 381-2838
          Fax: (513) 381-0205
          Email: hurley@taftlaw.com
                 messer@taftlaw.com

PEA (LIT), LLC is represented by:

          Kenneth R. Cookson, Esq.
          65 East State Street, Suite 1800
          Columbus, OH 43215
          Tel: (614) 462-5445
          Fax: (614) 464-2634
          Email: kcookson@keglerbrown.com

                  About GOE Lima

Headquartered in Lima, Ohio, GOE Lima LLC --
http://www.go-ethanol.com/-- operated an ethanol production  
facility.  The company filed for protection on Oct. 14, 2008
(Bankr. N.D. Ohio Case No. 08-35508).  Taft Stettinius & Hollister
LLP served as the Debtor's proposed bankruptcy counsel.  In its
Chapter 11 petition, the Debtor estimated assets and debts between
$100 million to $500 million.

Greater Ohio Ethanol was authorized by the Bankruptcy Court to
sell its ethanol facility to Paladin Ethanol Acquisition LLC for
$5.75 million cash and a note for $15.05 million the buyer may
repurchase for as little as $2.5 million.  Bloomberg News notes
the plant cost $117 million to build.  There were no acceptable
bids by the original Dec. 15, 2008 deadline set by the Bankruptcy
Court.

On July 8, 2010, the Court entered an order confirming the
Debtor's First Amended Joint Plan of Liquidation.


GOLDEN PARK ESTATES: Court OKs Interim Payment to Ch. 11 Trustee
----------------------------------------------------------------
Judge David T. Thuma of the United States Bankruptcy Court for the
District of New Mexico granted the Chapter 11 Trustee's motion to
authorize monthly payments of 75% of his Trustee fees earned in the
prior month.

Mr. Craig Dill, the Chapter 11 trustee, sought interim payments
equal to 75% of the commissions earned on disbursements during the
previous month, pursuant to the commission schedule in 11 U.S.C.
Section 326(a), and reimbursement of 100% of the expenses he incurs
each month.

After considering Sections 326 and 330, the creditors' interests,
and the fact that the Chapter 11 Trustee is also employed as an
accountant, Judge Thuma concluded that it is reasonable to allow
the trustee to be paid interim compensation of 75% of the trustee
fees earned from the prior months disbursements.  Judge Thuma also
authorized reimbursement of expenses to the extent set forth in a
cash collateral order entered in October 1, 2015.

The case is In re: GOLDEN PARK ESTATES, LLC, Debtor, CASE NO.
14-12253-T11 (Bankr. D.N.M.).

A full-text copy of Judge Thuma's October 2, 2015 memorandum
opinion is available at http://is.gd/Dk4gY8from Leagle.com.

GOLDEN PARK ESTATES, LLC is represented by:

          Michelle Ostrye, Esq.
          ASKEW & MAZEL, LLC
          320 Gold Avenue S.W. Suite 300A
          Albuquerque, NM 87102
          Tel: (505) 433-3097
          Fax: (505) 717-1494
          Email: mostrye@askewmazelfirm.com

Craig H Dill is represented by:

          James A. Askew, Esq.
          Daniel Andrew White, Esq.
          ASKEW & MAZEL, LLC
          320 Gold Avenue S.W. Suite 300A
          Albuquerque, NM 87102
          Tel: (505) 433-3097
          Fax: (505) 717-1494
          Email: jaskew@askewmazelfirm.com
                 dwhite@askewmazelfirm.com


             -- and --

          Jacqueline Ortiz, Esq.
          SUTIN THAYER & BROWNE
          Two Park Square Suite 1000
          6565 Americas Parkway NE
          Albuquerque, NM 87110
          Tel: (505) 883-2500
          Fax: (505) 888-6565
          Email: jno@sutinfirm.com

United States Trustee is represented by:

          Alice Nystel Page, Esq.
          OFFICE OF THE U.S. TRUSTEE
          421 Gold Avenue SE, Rm 112
          Albuquerque, NM 87103-0608
          Tel: (505) 248-6550

             About Golden Park Estates

Skillman, New Jersey-based Golden Park Estates, LLC, sought
protection under Chapter 11 of the Bankruptcy Code on July 25, 2014
(Bankr. D.N.M., Case No. 14-12253).  The case is assigned to Judge
David T. Thuma.  The Debtor's counsel is Chris W Pierce, Esq., at
Albuquerque, New Mexico.


GT ADVANCED: $1.1M Sale of Hyperion Assets to Neutron Okayed
------------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court approved GT
Advanced Technologies' motion for an order approving the sale of
its Hyperion assets to Neutron Therapeutics free and clear of all
liens, claims, encumbrances and interests.

As previously reported, after several weeks of soliciting
expressions of interest and facilitating due diligence by
interested parties, Neutron emerged as the only party that was
willing to provide a binding bid for the purchased assets, which
consist of the tangible assets, intellectual property and other
assets related to the Hyperion business.  

Accordingly, GTAT sought Court approval of the sale of the
purchased assets to buyer for a cash purchase price of $1,100,000,
subject to the terms and conditions of the asset purchase agreement
and subject to any higher or otherwise better offers that GTAT may
receive prior to the hearing on the motion.

Neutron will also make offers of employment to all seventeen
employees of GTAT who currently work in the Hyperion business, thus
preserving jobs and minimizing potential employee claims that could
otherwise result from the sale.

                         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: "Carpenter" Suit Stayed by Bankruptcy Filing
-------------------------------------------------------------
Haggen Opco North has filed a Suggestion of Bankruptcy to inform
the United States District Court for the District of Oregon,
Medford Division, that it has initiated Chapter 11 proceedings.
Pursuant to 11 U.S.C. Section 362, an automatic stay has been
placed on the action styled DAVID M. CARPENTER, Plaintiff, v.
HAGGEN OPCO NORTH, d.b.a. HAGGEN #2083, a Delaware limited
liability company, Defendant, CASE NO. 1:15-CV-1569-CL (D. Ore.).
A full-text copy of the Oct. 9, 2015, Order signed by Magistrate
Mark D. Clarke is available at http://is.gd/MKnFr0from
Leagle.com.

David M. Carpenter, Plaintiff, Pro Se.

Haggen OPCO North, dba, Haggen #2083, Defendant, represented by
Alexander M. Tinker, Esq. -- alex.tinker@tonkon.com -- Tonkon Torp
LLP.

Haggen OPCO North, dba, Haggen #2083, Defendant, represented by
Steven D. Olson, Esq. -- steven.olson@tonkon.com -- Tonkon Torp
LLP.

                      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.


HERCULES OFFSHORE: Investors Appeal Exculpation Denial
------------------------------------------------------
Peg Brickley, writing for Dow Jones' Daily Bankruptcy Review,
reported that investors that backed Hercules Offshore Inc.'s
pre-packed chapter 11 have appealed a ruling that says they're not
entitled to exculpation in future legal trouble over their work on
the bankruptcy of the distressed oil-and-gas operator.

According to the report, the Houston-based company filed for
bankruptcy protection in August with a "prepackaged" exit plan.
Judge Kevin Carey confirmed Hercules' plan about six weeks later
but sided with U.S. Trustee Andrew Vara on the question of the
reach of exculpation provisions immunizing those involved in the
bankruptcy from lawsuits, the report noted.  Investors have asked a
federal judge in Delaware to take a look at the exculpation issue,
one of high interest to distressed debt investors, the report
said.

                      About Hercules Offshore

Headquartered in Houston, Hercules Offshore, Inc. --
http://www.herculesoffshore.com/-- operates a fleet of 27 jackup  

rigs, including one rig under construction, and 21 liftboats. The
Company offers a range of services to oil and gas producers to
meet their needs during drilling, well service, platform
inspection, maintenance, and decommissioning operations in several
key shallow water provinces around the world.

On Aug. 13, 2015 Hercules Offshore and 14 affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 15-11685) in the
U.S. Bankruptcy Court for the District of Delaware.  The cases are
pending before the Honorable Kevin J. Carey.

The Debtors tapped Baker Botts LLP as counsel; Morris, Nichols,
Arsht & Tunnell, as local counsel; Andrews Kurth LLP, as general
corporate counsel; Lazard Freres & Co. LLC, as investment banker,
Alvarez & Marsal, as restructuring advisor; and Prime Clerk, LLC,
as claims and noticing agent.

The Steering Group of Holders of Senior Notes is represented by
Akin Gump Strauss Hauer & Feld LLP's Arik Preis, Esq., and Michael
S. Stamer, Esq.

HERO disclosed $546 million in assets and $1.306 billion in debt
as of Aug. 11, 2015.

                           *     *     *

Judge Kevin J. Carey, on Sept. 24, 2015, confirmed Hercules
Offshore, Inc., et al.'s Joint Prepackaged Plan of Reorganization
and approved the disclosure statement explaining the Plan.

The Plan provides, among other things, that the Debtors will
convert approximately $1.2 billion of debt into equity, raise $450
million of new capital and provide an opportunity for existing
equity holders to receive a distribution if they do not opt out of
the releases under the Plan.

The Debtors on the Petition Date filed a prepackaged Chapter 11
plan that would convert $1.2 billion of outstanding senior notes
to 96.9% of new common equity.


HORNED DORSET: Seeks 15-Day Ext. to File Monthly Operating Reports
------------------------------------------------------------------
The Horned Dorset Primavera, Inc., asks the U.S. Bankruptcy Court
for a 15-day extension to file its monthly reports for the months
of May and June. The Debtor contends that it needs additional time
to complete the reconciliation of the Bank account (pre and post
filing) and file the required Reports.

The Horned Dorset Primavera is represented by:

          Isabel M. Fullana, Esq.
          GARCIA-ARREGUI & FULLANA PSC
          252 Ponce de Leon Ave. Ste 1101
          Citibank Towers
          San Juan, PR 00918
          Telephone: (787)766-2530
          Facsimile: (787)756-7800
          E-mail: isabelfullana@gmail.com

                About The Horned Dorset Primavera

The Horned Dorset Primavera Inc. operates the Horned Dorset
Primavera, a small luxury hotel located in northwestern Puerto
Rico, two miles from the town of Rincon.  The hotel --
http://www.horneddorset.net/-- is set among rolling hills at the  
edge of the beautiful Caribbean Sea and is known for reserved
European service executed in an atmosphere unique in  Puerto Rico
and the award-winning Restaurant Aaron.  The hotel is a member of
Relais & Chateaux.

The Horned Dorset Primavera Inc. commenced a Chapter 11 bankruptcy
case (Bankr. D.P.R. Case No. 15-03837) in Old San Juan, Puerto
Rico on May 22, 2015.

According to the docket, the Debtor's Chapter 11 plan is due
Nov. 18, 2015.

The Debtor has tapped Isabel M. Fullana, Esq., at Garcia Arregui &
Fullana PSC, as counsel.



HOWREY LLP: Trustee and Creditors Want Case Converted to Chapter 7
------------------------------------------------------------------
Cara Salvatore at Bankruptcy Law360 reported that Howrey LLP's
bankruptcy trustee and unsecured creditors pressed a California
bankruptcy judge on Oct. 18, 2015, to turn the failed law firm's
Chapter 11 case into a Chapter 7 liquidation, saying former
landlords' priority rent claims have proven an "insurmountable
hurdle" in plan negotiations.

Despite many successful negotiations with creditors and the
recovery already of $80 million, the estate of the firm has reached
a hurdle that it can't break through, according to an
Oct. 18 motion.

                         About Howrey LLP

Three creditors filed an involuntary Chapter 7 petition (Bankr.
N.D. Cal. Case No. 11-31376) on April 11, 2011, against the
remnants of the Washington-based law firm Howrey LLP.  The filing
was in San Francisco, where the firm had an office.  The firm
previously was known as Howrey & Simon and Howrey Simon Arnold &
White LLP.  The firm at one time had more than 700 lawyers in 17
offices.  The partners voted to dissolve in March 2011.

The firm specialized in antitrust and intellectual-property
matters.  The three creditors filing the involuntary petition
together have $36,600 in claims, according to their petition.

The involuntary chapter 7 petition was converted to a chapter 11
case in June 2011 at the request of the firm.  In its schedules
filed in July, the Debtor disclosed assets of $138.7 million and
liabilities of $107.0 million.

Representing Citibank, the firm's largest creditor, is Kelley
Cornish, Esq., a partner at Paul, Weiss, Rifkind, Wharton &
Garrison.  Representing Howrey is H. Jason Gold, Esq., a partner at
Wiley Rein.

The Official Committee of Unsecured Creditors is represented in the
case by Bradford F. Englander, Esq., at Whiteford, Taylor And
Preston LLP.

In September 2011, Citibank sought conversion of the Debtor's case
to Chapter 7 or, in the alternative, appointment of a Chapter 11
Trustee.  The Court entered an order appointing a Chapter 11
Trustee. In October 2011, Allan B. Diamond was named as Trustee.
He is represented by Andrew Baxter Ryan, Esq., and Stephen Todd
Loden, Esq., at Diamond McCarthy LLP as counsel.


HYDROCARB ENERGY: Closes $1.2 Million Secured Note Financing
------------------------------------------------------------
Hydrocarb Energy Corporation announced in a Form 8-K filed with the
Securities and Exchange Commission the Company's updated business
summary dated Oct. 11, 2015.  Additionally the company disclosed
the closing of a secured note financing including $1.25 million
which is being used to help ensure that all variable conversion
rate notes are paid off and which the Company believes sets the
stage for a new financing plan.  A copy of the Report is available
at http://is.gd/8acVk5

When asked to comment, Kent P. Watts the Company's chief executive
officer stated, "As a major impetus for financing required to fully
develop our proved reserves going forward, on a non-discounted
basis, our most current reserve report estimates that there is
approximately $95 million of estimated future net income,
potentially available to us, from all of our proved reserve
categories."  Mr. Watts went on to say, "this does not include any
additional upside that could exist in our probable or possible
reserve categories.  We are working diligently in order to put the
required financing in place to fully develop our producing assets
for the benefit of our shareholders."

The Company received a report, dated Sept. 11, 2015, entitled,
Hydrocarb Energy Corporation Estimated Future Reserves and Income
as of July 31, 2015, prepared by Ralph E Davis Associates, Inc.,
which includes an evaluation of the oil, natural gas, and natural
gas liquid reserves on leaseholds in which the Company has
interests as of July 31, 2015.  The purpose of the report is to
present a summary of the proved developed producing, proved
developed behind pipe, proved shut-in, and proved undeveloped
reserves that in the opinion of Davis, meet the criteria for proved
reserve volumes in keeping with the directives of the Securities
and Exchange Commission as detailed in the report.
A copy of the report is available for free at:

                         http://is.gd/EHhVBR

The Company gave a presentation to members of the investment
community beginning on or around Oct. 21, 2015.  A copy of the
Presentation is available at http://is.gd/IUI4uY


                       About Hydrocarb Energy

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

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

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

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


INVENTIV HEALTH: Q3 Conference Call Set for Nov. 16
---------------------------------------------------
inVentiv Health, Inc., will hold a conference call at 3:00 p.m.
Eastern Time on Nov. 16, 2015, during which it will discuss the
Company's financial results for the third quarter of 2015.

The U.S. dial-in for the call is (866) 953-6858 ((617) 399-3482 for
non-U.S. callers) and the passcode is 67738076.  A replay of the
conference call will be available until Nov. 23, 2015, by dialing
(888) 286-8010 ((617) 801-6888 for non-U.S. callers) and the
passcode is 84897798.

                       About inVentiv Health

inVentiv Health, Inc., is privately owned by inVentiv Group
Holdings, Inc., an organization sponsored by affiliates of Thomas
H. Lee Partners, L.P., Liberty Lane Partners and members of the
inVentiv Health management team.

inVentiv Health is a top-tier professional services organization
that accelerates the clinical and commercial success of
biopharmaceutical companies worldwide.  The Company's combined
Clinical Research Organization and Contract Commercial Organization
helps clients improve their performance to deliver much-needed
therapies to market.  With 13,000 employees providing services to
clients in 70 countries, inVentiv Health designs best practices,
processes and systems to enable clients to successfully navigate an
increasingly complex environment.
- See more at:
http://www.inventivhealth.com/our-company/investors#sthash.Oi040G6G.dpuf


As of June 30, 2015, the Company had $2.1 billion in total assets,
$2.8 billion in total liabilities and a stockholders' deficit of
$689.9 million.

                            *   *    *

As reported by the TCR on May 22, 2015, Moody's Investors Service
affirmed the Caa1 Corporate Family Rating and Caa1-PD Probability
of Default Rating of inVentiv Health, Inc. as well as all of the
instrument ratings.  The Caa1 rating reflects inVentiv's very high
leverage, history of negative free cash flow and significant
interest burden which will make a default event likely if the
company does not significantly improve its EBITDA performance well
ahead of 2018, when all of the company's debt matures.

The TCR reported on Dec. 12, 2012, that Standard & Poor's Ratings
Services affirmed its 'B-' corporate credit rating on Burlington,
Mass.-based contract research organization (CRO) inVentiv Health
Inc.


J & S PROPERTIES: Court Dismisses Tenant's Suit vs. Ch. 7 Trustee
-----------------------------------------------------------------
Judge Jefferey A. Deller of the United States Bankruptcy Court for
the Western District of Pennsylvania found that Lisa M. Swope,
Chapter 7 Trustee for J&S Properties, LLC, is protected by the
doctrine of immunity and dismissal of the complaint filed by
Phoenician Mediterranean Villa, LLC, is appropriate under the facts
and circumstances of the case.

Phoenician commenced an adversary proceeding, alleging that the
Chapter 7 Trustee, acting in concert with J & S and its principal,
James Focht, wrongfully evicted Phoenician from its leasehold
located at 1302-08 Logan Boulevard, in Altoona, Pennsylvania.

On April 7, 2015, Swope filed her Motion to Dismiss Complaint
Against Trustee, seeking to have the Complaint dismissed on the
grounds of quasi-judicial immunity.

Judge Deller concluded that Swope acted as a reasonable Chapter 7
trustee would act under the circumstances, and she is protected
against suit by qualified immunity.  The judge found that Swope
acted in furtherance of her statutory duty to administer and
preserve the estate and did not violate any fiduciary duty owing to
a beneficiary of the estate.  Judge Deller also did not find
evidence that Swope acted with malice or ulterior motive.

The case is IN RE: J & S PROPERTIES, LLC, Chapter 7, Debtor.
PHOENICIAN MEDITERRANEAN VILLA, LLC, Plaintiff, v. LISA M. SWOPE,
TRUSTEE OF THE BANKRUPTCY ESTATE OF J & S PROPERTIES, LLC, JAMES
FOCHT, and J & S PROPERTIES, LLC, Defendants, BANKRUPTCY NO.
13-70512-JAD, ADVERSARY NO. 14-07004-JAD (Bankr. W.D. Pa.).

A full-text copy of Judge Deller's October 5, 2015 memorandum
opinion is available at http://is.gd/Gve85ifrom Leagle.com.

Phoenician Mediterranean Villa, LLC is represented by:

          Mary Bower Sheats, Esq.
          FRANK, GALE, BAILS, MURCKO & POCRASS, P.C.
          The Gulf Tower
          707 Grant Street, Suite 3300
          Pittsburgh, PA 15219
          Tel: (412) 471-3000
          Fax: (412) 471-7351

James Focht is represented by:

          James R. Huff II, Esq.
          SULLIVAN FORR STOKAN & HUFF
          1701 Fifth Avenue
          Altoona, PA 16602
          Tel: ((814) 946-4316
          Fax: (814) 946-9426


LB STEEL LLC: Has Interim OK to Use MB Financial's Cash Collateral
------------------------------------------------------------------
LB Steel, LLC, sought and obtained the Bankruptcy Court's
permission to use cash collateral of MB Financial Bank, N.A.
through Oct. 30, 2015, to pay operating expenses of the Debtor's
business, including its employees, postpetition vendors, insurance,
taxes and bankruptcy-related expenses.

The Debtor said it will need the Cash Collateral to operate as a
going concern until it completes a sale of substantially all of its
assets or confirms a plan of reorganization.

"Absent the use of cash collateral, the Debtor will be forced to
close its business, in which case its assets and its bankruptcy
estate will be irreparably harmed to the detriment of the Debtor
and all of its creditors, and will result in significant job
losses," Daniel A. Zazove, Esq., at Perkins Coie LLP, counsel to
the Debtor, told the Court.

The Debtor obtained two loans from MB Financial Bank in June, 2014:
(a) a $2,400,000 term loan maturing on June 15, 2018; and (b) a
$15,000,000 revolving loan.

As partial adequate protection for the use of Cash Collateral
during the Interim Period, the Debtor will continue operating its
business and using Cash Collateral to pay operating expenses.

As additional adequate protection, the Lender is granted valid,
binding, enforceable, and duly perfected security interests in and
liens in the Debtor's post-petition assets, with such replacement
liens having the same validity, extent and priority as the Lender's
prepetition liens and security interests immediately preceding the
Petition Date.

A continued interim hearing on the Debtor's use of the Lender's
Cash Collateral will be held on Oct. 27, 2015, at 10:30 a.m.

A copy of the Interim Cash Collateral Order is available at:

   http://bankrupt.com/misc/35_LBSTEEL_InterimOrdCashcoll.pdf

                           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: Seeks 30-Day Extension for Filing Schedules
---------------------------------------------------------
LB Steel, LLC, requests a 30-day extension of the time to file its
schedules of assets and liabilities, statement of financial affairs
and statement of executory contracts and unexpired leases.

Pursuant to Section 521 of the Bankruptcy Code and Rule 1007 of the
Federal Rules of Bankruptcy Procedure, a debtor is required to file
the Schedules and Statements within 14 days from the date of filing
its chapter 11 petition.  The Debtor believes that the
14-day deadline will be insufficient.

"In preparing to file this Chapter 11 Case, the Debtor's principals
have been actively engaged in preparations to conduct a sale of the
Debtor's business pursuant to Section 363 of the Bankruptcy Code,"
says Daniel A. Zazove, Esq., at Perkins Coie LLP, counsel to the
Debtor.  As a result, the Debtor's principals and counsel have not
had an opportunity to gather all of the information necessary to
prepare and file the Debtor's Schedules and Statements, he adds.

Although the Debtor did not file the Schedules and Statement on the
Petition Date, annexed to the Debtor's chapter 11 petition is a
list of 20 largest unsecured creditors.  In addition, the Debtor
submitted a list of all of its known creditors to the Court.

                           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.


LEHMAN BROTHERS: Appeals Ruling on U.S.-U.K. Tax Treaty
-------------------------------------------------------
Caroline Simson at Bankruptcy Law360 reported that Lehman Brothers
Holdings Inc. told the Second Circuit on Oct. 16, 2015, that a
federal judge who denied its bankruptcy administrators $67 million
in foreign tax credits incorrectly interpreted a treaty with the
U.K., saying stock loan transaction payments from Lehman's U.K.
wing can't be considered dividends for U.S. tax purposes.

The long-bankrupt investment bank is asking the appeals court to
reverse U.S. District Judge Richard M. Berman's May ruling that it
cannot offset U.S. tax payments on its 1999 and 2000 returns based
on U.K. levies.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/--   
was the fourth largest investment bank in the United States.  
For more than 150 years, Lehman Brothers has been a leader in
the global financial markets by serving the financial needs of
corporations, governmental units, institutional clients and
individuals worldwide.

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

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

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

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

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

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

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

                          *     *     *

In October 2015, Lehman made its eighth distribution to creditors,
bringing Lehman's total distributions to unsecured creditors to
approximately $105.4 billion including (1) $77.2 billion of
payments on account of third-party claims, which includes
non-controlled affiliate claims and (2) $28.2 billion of payments
among the Lehman Debtors and their controlled affiliates.

As of September 2015, the trustee in charge of LBI has returned
around $7.65 billion to the defunct brokerage's unsecured
creditors, a recovery of about 35 cents on the dollar.


LG BENEDICT CANYON: Case Summary & Largest Unsecured Creditor
-------------------------------------------------------------
Debtor: LG Benedict Canyon, LLC
        3123 N. Hancock Avenue
        Colorado Springs, CO 80907

Case No.: 15-26244

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: October 22, 2015

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

Judge: Hon. Julia W. Brand

Debtor's Counsel: Stephen R Wade, Esq.
                  THE LAW OFFICES OF STEPHEN R WADE
                  350 W Fourth St
                  Claremont, CA 91711
                  Tel: 909-985-6500
                  Fax: 909-399-9900
                  Email: srw@srwadelaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Andrea Trout, vice president of The
Legacy Group Inc., managing member.

The Debtor listed Hallmark Communities 401k
as its largest unsecured creditor holding a claim of $1,500,000.

A copy of the petition is available for free at:

             http://bankrupt.com/misc/cacb15-26244.pdf


MARINA BIOTECH: Stockholders Elect 5 Directors
----------------------------------------------
At the 2015 annual meeting of stockholders of Marina Biotech, Inc.
held on Oct. 16, 2015, the stockholders elected Michael French,
Stefan Loren, Ph.D., Joseph W. Ramelli, Philip C. Ranker and Donald
A. Williams as directors, each to serve until the 2016 Annual
Meeting of Stockholders.  The Company's stockholders also ratified
the appointment by the Company of Wolf & Company, P.C. as
independent registered public accounting firm for the fiscal year
ending Dec. 31, 2015, and approved, in a non-binding advisory vote,
the compensation of the Company's named executive officers.

                       About Marina Biotech

Marina Biotech, Inc., headquartered in Bothell, Washington, is a
biotechnology company focused on the discovery, development and
commercialization of nucleic acid-based therapies utilizing gene
silencing approaches such as RNA interference ("RNAi") and
blocking messenger RNA ("mRNA") translation.  The Company's goal
is to improve human health through the development, either through
its own efforts or those of its collaboration partners and
licensees, of these nucleic acid-based therapeutics as well as the
delivery technologies that together provide superior treatment
options for patients.  The Company has multiple proprietary
technologies integrated into a broad nucleic acid-based drug
discovery platform, with the capability to deliver novel nucleic
acid-based therapeutics via systemic, local and oral
administration to target a wide range of human diseases, based on
the unique characteristics of the cells and organs involved in
each disease.

On June 1, 2012, the Company announced that, due to its financial
condition, it had implemented a furlough of approximately 90% of
its employees and ceased substantially all day-to-day operations.
Since that time substantially all of the furloughed employees have
been terminated.  As of Sept. 30, 2012, the Company had
approximately 11 remaining employees, including all of its
executive officers, all of whom are either furloughed or working
on reduced salary.  As a result, since June 1, 2012, its internal
research and development efforts have been minimal, pending
receipt of adequate funding.

Marina Biotech reported a net loss of $6.47 million on $500,000 of
license and other revenue for the year ended Dec. 31, 2014,
compared to a net loss of $1.57 million on $2.11 million of license
and other revenue in 2013.

As of June 30, 2015, the Company had $7.5 million in total assets,
$10 million in total liabilities and a $2.5 million total
stockholders' deficit.

Wolf & Company, P.C., in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing the Company has suffered
recurring losses from operations, has a significant accumulated
deficit and has been unable to raise sufficient capital to fund its
operations through the end of 2015.  This raises substantial doubt
about the Company's ability to continue as a going concern, the
auditors noted.


MF GLOBAL: Execs Ask for Errors and Omissions Coverage Extension
----------------------------------------------------------------
Steven Trader at Bankruptcy Law360 reported that executives of
bankrupt MF Global Inc. on Oct. 18, 2015, once again asked a New
York bankruptcy judge for access to what remains of $7.5 million
worth of errors and omissions insurance coverage as the legal bills
for lawsuits connected to their involvement in the company's
downfall continue to mount.

In a letter to U.S. Bankruptcy Judge Martin Glenn, the individual
insureds of the company -- including former New Jersey Gov. Jon
Corzine, who was the company's CEO -- asked the court to revisit
its December decision.

                           About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of  

the world's leading brokers of commodities and listed derivatives.

MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance USA
Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y. Case
Nos. 11-15059 and 11-5058), after a planned sale to Interactive
Brokers Group collapsed.  As of Sept. 30, 2011, MF Global had
$41,046,594,000 in total assets and $39,683,915,000 in total
liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S. Trustee
to appoint a chapter 11 trustee.  On Nov. 28, 2011, the Bankruptcy
Court entered an order approving the appointment of Louis J. Freeh,
Esq., of Freeh Group International Solutions, LLC, as Chapter 11
trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11 petitions
(Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and 11-15810).  On
Dec. 27, the Court entered an order installing Mr. Freeh as Chapter
11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.  J.
Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric Ivester,
Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve as
bankruptcy counsel.  The Garden City Group, Inc., serves as claims
and noticing agent.  The petition was signed by Bradley I. Abelow,
Executive Vice President and Chief Executive Officer of MF Global
Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan LLP,
as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.
  
The Official Committee of Unsecured Creditors has retained Capstone
Advisory Group LLC as financial advisor, while lawyers at Proskauer
Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of Goldman
Sachs Group Inc., stepped down as chairman and chief executive
officer of MF Global just days after the bankruptcy filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.  Bloomberg News reported that the
court-approved disclosure statement initially told creditors with
$1.134 billion in unsecured claims against the parent holding
company why they could expect a recovery of 13.4% to 39.1% from the
plan.  As a consequence of a settlement with JPMorgan, supplemental
materials informed unsecured creditors their recovery was reduced
to the range of 11.4% to 34.4%.  Bank lenders will have the same
recovery on their $1.174 billion claim against the holding company.
As a consequence of the settlement, the predicted recovery became
18% to 41.5% for holders of $1.19 billion in unsecured claims
against the finance subsidiary, one of the companies under the
umbrella of the holding company trustee.  Previously, the predicted
recovery was 14.7% to 34% on bank lenders' claims against the
finance subsidiary.


N-VIRO INTERNATIONAL: Joseph Scheib Quits as Director
-----------------------------------------------------
Joseph H. Scheib, a member of N-Viro International Corporation's
Board of Directors, submitted his resignation to the Board
effective after the conclusion of a regular board meeting and
ceased to be a director of the Company.  His resignation was not
the result of any dispute or disagreement with the Company,
according to a regulatory filing with the Securities and Exchange
Commission.  

Mr. Scheib was a Class I director and was the Chairman of the Audit
and Nominating Committees as well as a member of the Finance
Committee.  Mr. Scheib had served as a director since November
2004.  As of Oct. 22, 2015, the Company has not nominated his
replacement to the Board.

After this resignation, the Board consists of five Directors -- two
Class I and three Class II Directors.

                    About N-Viro International

Toledo, Ohio-based N-Viro International Corporation owns and
sometimes licenses various N-Viro processes and patented
technologies to treat and recycle wastewater and other bio-organic
wastes, utilizing certain alkaline and mineral by-products
produced by the cement, lime, electrical generation and other
industries.

N-Viro International reported a net loss of $1.76 million on $1.33
million of revenues for the year ended Dec. 31, 2014, compared to a
net loss of $1.64 million on $3.37 million of revenues for the year
ended Dec. 31, 2013.

As of June 30, 2015, the Company had $1.42 million in total assets,
$2.26 million in total liabilities and a total stockholders'
deficit of $835,948.

UHY LLP, in Farmington Hills, Michigan, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's recurring losses,
negative cash flow from operations and net working capital
deficiency raise substantial doubt about its ability to continue as
a going concern.


NATIONAL CINEMEDIA: Signs Separation Agreement with CEO Kurt Hall
-----------------------------------------------------------------
National CineMedia, Inc., entered into a separation agreement and a
consulting agreement with Kurt C. Hall and, amended his current
10b5-1 plan.

As noted in National CineMedia, Inc.'s Form 8-K filed on Aug. 7,
2015, Mr. Hall, president, chief executive officer, chairman of the
Board and a director of the Company will resign from all positions
he holds at the Company and National CineMedia, LLC once a new CEO
is hired.  Mr. Hall will continue in all of his current roles until
a successor chief executive Officer is named.  Mr. Hall's decision
to resign was not a result of any disagreement with the Company on
any matters relating to the Company's operations, policies or
practices.

On Aug. 6, 2015, the Company announced that it would initiate its
Chairman and chief executive officer succession plan.  The Company
has retained executive search firm Heidrick & Struggles to initiate
a search for a new chief executive officer.  Upon the appointment
of a new chief executive officer, Scott N. Schneider, currently the
Company's lead director, will succeed Mr. Hall as Chairman.

Mr. Hall will continue in a consulting role as an advisor to the
Board and successor CEO through Jan. 31, 2018, or a twenty-four
month period if such period is after Jan. 31, 2018, to facilitate a
seamless transition and consult on other business matters.

           Separation and General Release Agreements

The Separation Agreement provides that on the start date of his CEO
successor, Mr. Hall will resign from all offices, positions,
directorships, chairmanships and fiduciary responsibilities of the
Company and NCM LLC.  Upon such resignation, Mr. Hall will be
entitled to a cash severance of $2,388,126, which is equal to two
times Mr. Hall's 2015 base salary plus his 2015 target bonus, less
any required taxes, deductions or withholdings.  Mr. Hall will also
be entitled to a bonus payment equal to Mr. Hall's actual bonus for
2015, including a stretch bonus (if applicable), which will be
calculated as if Mr. Hall had been employed for all of 2015.  If
Mr. Hall's resignation takes effect in 2016, the Company will
continue to pay Mr. Hall his base salary at the 2015 rate through
his resignation date and Mr. Hall will also be entitled to a target
bonus, including a stretch bonus (if applicable), prorated by the
number of days in 2016 Mr. Hall is employed by the Company as
president, CEO, Chairman of the Board and Director, less any
required taxes, deductions or withholdings.  Within 30 days of his
resignation date, the Company will pay Mr. Hall an amount that
reflects the post-tax amount that the Company would have paid (i)
to the providers of the Company's current medical, health and life
insurance plans in respect of Mr. Hall's coverage and (ii) on his
behalf to the Company 401(k) plan for the 24 month period
immediately following his resignation date.

                        Consulting Agreement

On Oct. 18, 2015, the Company also entered into a Consulting
Agreement with Mr. Hall, pursuant to which Mr. Hall will, as
directed by the Board or the successor chief executive officer,
provide transitional services for a period of the later of
twenty-four months commencing on the date of Mr. Hall's resignation
or Jan. 31, 2018.  In exchange for these services, in addition to
the consideration provided in the Separation Agreement, Mr. Hall
will receive a monthly consulting fee equal to $41,677 for the
first twelve months of his consultancy and $25,000 for the second
twelve months of his consultancy; provided, that if the term of the
Consulting Agreement is for 25 months, the monthly fee for the
final 13 months shall be $23,077.  Mr. Hall will also be entitled
to reimbursement for his reasonable, documented out-of-pocket
business expenses incurred in connection with the services to be
provided by him under his Consulting Agreement.

Under the Consulting Agreement, Mr. Hall's incentive awards will
continue to vest during the consulting period in accordance with
their terms and conditions under the Company's 2007 Equity
Incentive Plan.  However, the Company's Compensation Committee and
the Board will amend Mr. Hall's equity grants as follows: (i) 37.5%
of Mr. Hall's 2013 performance-based awards will be converted to
time-based awards and will vest on Jan. 16, 2016; (ii) 100% of Mr.
Hall's 2014 and 2015 performance-based awards will be converted to
time-based awards and will vest in 1/3 increments on each of the
first three anniversaries of the applicable original grant date
(resulting in 67% of Mr. Hall's total original 2014 restricted
share performance-based award grant being vested on Jan. 15, 2016,
and 33% of Mr. Hall's total original 2015 restricted share
performance-based award grant being vested on Jan. 21, 2016); and
(iii) Mr. Hall will be permitted to exercise any vested stock
options granted in 2006, 2010, 2011 and 2012 through their
expiration date, irrespective of Mr. Hall's status as a director,
officer or consultant of the Company. Additionally, the
Compensation Committee and the Board will amend the terms of Mr.
Hall's incentive awards to provide that Mr. Hall's resignation
shall not be considered a termination of service under such
incentive awards and, therefore, his unvested incentive awards
shall continue to vest under the terms and conditions of the
Company's 2007 Equity Incentive Plan as if Mr. Hall were as a
Service Provider thereunder.  "Service Provider" means an employee,
officer or director of the Company or an affiliate of the Company,
or a consultant or adviser currently providing services to the
Company or an affiliate of the Company.


Pursuant to the Consulting Agreement, Mr. Hall is also subject to
customary non-competition, non-solicitation and non-disparagement
restrictions for the term of the Consulting Agreement and for one
year following the expiration or termination of the Consulting
Agreement.  During the Non-Compete Period, Mr. Hall will be
prohibited from, among other things, directly or indirectly,
working for, providing services to or serving as a director of a
company that provides cinema advertising services in the United
States or any affiliate of such company.  The Consulting Agreement
also includes a general release in favor of the Company.  As
consideration for such release, Mr. Hall will receive a payment of
$25,000.

                         Stock Trading Plan

On Aug. 15, 2015, Mr. Hall, amended his pre-arranged stock trading
plan that would have expired on Dec. 31, 2015, and replaced it with
a new stock trading plan.  The New Plan that is effective Nov. 16,
2015, through Dec. 30, 2016, will allow Mr. Hall to sell shares of
the Company's common stock for personal financial management
purposes in accordance with Rule 10b5-1 of the Securities Exchange
Act of 1934, as amended, and the Company's insider trading policies
regarding stock transactions.

Consistent with Mr. Hall's previous selling plan, the new Plan
provides for the sale of up to 125,000 shares, provided certain new
limit prices set forth in the Plan (and shown below) are met. The
total number of shares covered by the Plan represents approximately
29% of the Company shares held by Mr. Hall in brokerage accounts
and approximately 7% of the shares currently held by Mr. Hall in
brokerage accounts plus those shares that could vest or be
exercised in the future, comprised of Mr. Hall's unvested
restricted shares and vested stock options.

                      About National CineMedia

National CineMedia, Inc., is the holding company of National
CineMedia, LLC.  NCM LLC operates the largest digital in-theatre
network in North America, allowing NCM to distribute advertising,
Fathom entertainment programming events and corporate events under
long-term exhibitor services agreements with American Multi-Cinema
Inc., a wholly owned subsidiary of AMC Entertainment Inc.; Regal
Cinemas, Inc., a wholly owned subsidiary of Regal Entertainment
Group; and Cinemark USA, Inc., a wholly owned subsidiary of
Cinemark Holdings, Inc.  NCM LLC also provides such services to
certain third-party theater circuits under "network affiliate"
agreements, which expire at various dates.

As of July 2, 2015, the Company had $1 billion in total assets,
$1.2 billion in total liabilities and a $221.6 million total
deficit.

                            *     *     *

As reported by the TCR on March 24, 2011, Standard & Poor's
Ratings Services raised its corporate credit ratings on
Centennial, Colorado-based National CineMedia Inc. and
operating subsidiary National CineMedia LLC (which S&P analyzes on
a consolidated basis) to 'BB-' from 'B+'.  "The 'BB-' corporate
credit rating reflects S&P's expectation that NCM's EBITDA growth
will enable the company to continue to de-lever over the
intermediate term despite its aggressive dividend policy," said
Standard & Poor's credit analyst Jeanne Shoesmith.


OSAGE EXPLORATION: Suspending Filing of Reports with SEC
--------------------------------------------------------
Osage Exploration and Development, Inc., has suspended its
reporting obligations under Section 15(d) of the Securities
Exchange Act of 1934, as amended, by filing a Form 15 with the
Securities and Exchange Commission on Oct. 23, 2015.

                     About Osage Exploration

Based in San Diego, California with production offices in Oklahoma
City, Oklahoma, and executive offices in Bogota, Colombia, Osage
Exploration and Development, Inc. (OTC BB: OEDV) --
http://www.osageexploration.com/-- is an independent exploration
and production company with interests in oil and gas wells and
prospects in the US and Colombia.

The Company incurred a net loss of $34.5 million on $12.7 million
of total operating revenues for the year ended Dec. 31, 2014,
compared with net income of $3.85 million on $8.02 million of total
operating revenues for the year ended Dec. 31, 2013.

Mayer Hoffman McCann P.C., in San Diego, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has incurred recurring losses from operations and, as of
Dec. 31, 2014, has current liabilities significantly in excess of
current assets.  These conditions, among others, raise substantial
doubt about its ability to continue as a going concern, the
auditors said.

As of June 30, 2015, the Company had $25.07 million in total
assets, $39.72 million in total liabilities and a stockholders'
deficit of $14.64 million.

                         Bankruptcy Warning

"The Company's operating plans require additional funds which may
take the form of debt or equity financings.  The Company's ability
to continue as a going concern is dependent upon achieving
profitable operations and obtaining additional financing.  Our cash
flows and results of operations depend to a great extent on the
prevailing prices for oil and gas.  Prolonged or substantial
declines in oil / and/or gas prices may materially and adversely
affect our liquidity, the amount of cash flows we have available
for our capital expenditures and other operating expenses, our
ability to access credit and capital markets and our results of
operations.  There is no assurance additional funds will be
available on acceptable terms or at all.  In the event the Company
is unable to continue as a going concern, management may elect or
be required to seek protection from creditors by filing a voluntary
petition in bankruptcy or may be subject to an involuntary petition
in bankruptcy," the Company said in its quarterly report for the
period ended June 30, 2015.


PATRIOT COAL: Sues Parent Over $145M Retiree Payment Obligations
----------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that Patriot Coal
and its union filed a lawsuit on Oct. 18, 2015, in Virginia
bankruptcy court that accuses its former parent company, Peabody
Energy Corp., of attempting to skirt approximately $145 million in
retiree payment obligations.

The lawsuit seeks a judgment that Peabody must make two $75 million
payments in 2016 and 2017 to satisfy its obligations to retirees
under a collective bargaining agreement with the United Mine
Workers of America.

The retiree payments played a substantial role in Patriot Coal's
previous bankruptcy in 2012.

                        About Patriot Coal

Patriot Coal Corporation is a producer and marketer of coal in the
United States.  Patriot and its subsidiaries control 1.4 billion
tons of proven and probable coal reserves -- including owned and
leased assets in the Central Appalachia basin (in West Virginia
and
Ohio) and Southern Illinois basin (in Kentucky and Illinois) and
their operations consist of eight active mining complexes in
West Virginia.

Patriot Coal first sought Chapter 11 protection on July 9, 2012,
and, on Dec. 18, 2013, won approval of its bankruptcy-exit plan
from the U.S. Bankruptcy Court for the Eastern District of
Missouri.  The plan turned over most of the ownership of the
company to bondholders that include New York hedge fund Knighthead
Capital Management LLC.  The linchpins of the plan were a global
settlement among the Debtors, the United Mine Workers of America,
and two third parties -- Peabody Energy Corporation and Arch Coal,
Inc. -- and a commitment by a consortium of creditors, led by
Knighthead, to backstop two rights offerings that funded the plan.

Patriot Coal Corporation and its subsidiaries commenced new Chapter
11 cases (Bankr. E.D. Va. Lead Case No. 15-32450) in Richmond,
Virginia, on May 12, 2015.  The cases are assigned to Judge Keith
L. Phillips.

Patriot Coal estimated more than $1 billion in assets and debt.

The Debtors tapped Kirkland & Ellis LLP as counsel; Kutak Rock
L.L.P., as co-counsel; Centerview Partners LLC as investment
bankers; Alvarez & Marsal North America, LLC, as restructuring
advisors; and Prime Clerk LLC, as claims and administrative agent.

The U.S. trustee overseeing the Chapter 11 case of Patriot Coal
Corp. appointed seven creditors of the company to serve on the
official committee of unsecured creditors.  The Committee is
represented by Morrison & Foerster LLP as its counsel, and
Tavenner
& Beran, PLC, as its local counsel.  Jefferies LLC serves as its
investment banker.

                        *     *     *

Patriot Coal on Sept. 22, 2015, announced that, following a
competitive auction, it is proceeding with a transaction to sell a
substantial majority of its operating assets to Blackhawk Mining,
LLC.


PERFORMANCE SPORTS: S&P Lowers CCR to 'B', Outlook Stable
---------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Exeter, N.H.-based Performance Sports Group Ltd. to 'B'
from 'B+'.  The outlook is stable.

At the same time, S&P also lowered the issue-level rating on PSG's
$450 million term loan due 2021 to 'B' from 'B+'.  The recovery
rating remains unchanged at '3', indicating S&P's anticipation of
meaningful (50% to 70%) recovery in the event of a payment default.
S&P's recovery expectations are in the upper half of the 50% to
70% range.

"The downgrade reflects our expectation that credit metrics will
remain weak given our lower forecast for operating performance,"
said Standard & Poor's credit analyst Beverly Correa.  "We revised
our forecast downward as we believe that reported revenue growth
and margins will continue to be pressured by the strong U.S. dollar
relative to the Canadian dollar."

S&P's ratings on PSG reflects the company's weak credit metrics,
narrow business focus, its high amount of discretionary products,
and its small size relative to competitors.  S&P has also factored
into its rating the company's global reach and leading market
positions in the highly competitive and fragmented performance
sports equipment industry.

S&P forecasts that currency headwinds and product mix --
particularly in the hockey segment, and product mix in the baseball
segment -- will hurt fiscal 2016 performance and cause margin
erosion.  S&P expects margins to be up in fiscal 2017 as the
company benefits from management's cost-savings program, market
share gains, and a smaller impact from foreign exchange.



POINT BLANK: Equity Committee Has Limited Objection to Plan
-----------------------------------------------------------
BankruptcyData reported that Point Blank Solutions' official
committee of equity security holders filed with the U.S. Bankruptcy
Court a limited objection to the Company's Plan.  

The Equity Committee asserts, "The Equity Committee reviewed the
Recovery Trust Agreement and Amended by Laws and provided comments
and proposed changes to the terms thereof to both the Debtors and
the UCC.  Upon belief, those changes have yet to be approved by
either the Debtors or UCC.  The Debtors agreed to extend the Equity
Committee's deadline to object to the Plan until Oct. 19, 2015.

No further extensions have been granted, and thus, the limited
objection is filed to allow the Equity Committee, if necessary, to
raise the objections with the Bankruptcy Court at the confirmation
hearing....  The proposed changes are not controversial, instead
merely ensuring that the Recovery Trust retains standing to be
heard on issues greatly affecting distributions to its
constituents, that assets and claims are properly administered at
the correct entity, and that proper oversight and control is
maintained throughout the process.  The Equity Committee will
continue to engage the Debtors and UCC regarding these proposed
changes.  

However, should agreement not be reached, the Equity Committee will
request that the Bankruptcy Court hear it at confirmation with
respect to the proposed modifications, and if necessary, deny
confirmation of the Plan."

                        About Point Blank

Headquartered in Pompano Beach, Florida, Point Blank Solutions,
Inc. -- http://www.pointblanksolutionsinc.com/-- designs and    
produces body armor systems for the U.S. Military, Government and
law enforcement agencies, as well as select international markets.

The Company maintains facilities in Pompano Beach, Florida, and
Jacksboro, Tennessee.

The Company's former chief executive officer and chief operating
officer were convicted in September 2010 of orchestrating a $185
million fraud.

Point Blank Solutions, formerly DHB Industries, filed for Chapter
11 protection (Bankr. D. Del. Case No. 10-11255) on April 14,
2010.

Laura Davis Jones, Esq., Alan J. Kornfeld, Esq., David M.
Bertenthal, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang
Ziehl & Jones LLP, serve as bankruptcy counsel to the Debtor.
Olshan Grundman Frome Rosenweig & Wolosky LLP serves as corporate
counsel.  Epiq Bankruptcy Solutions serves as claims and notice
agent.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Equity Security
Holders in the case.  Ian Connor Bifferato, Esq., and Thomas F.
Driscoll III, Esq., at Bifferato LLC; and Carmen H. Lonstein,
Esq., Andrew P.R. McDermott, Esq., and Lawrence P. Vonckx, Esq., at
Baker & McKenzie LLP, serve as counsel for the Official Committee
of Equity Security Holders.  Robert M. Hirsh, Esq., and George P.
Angelich, Esq., at Arent Fox LLP, serve as counsel to the Creditors
Committee, and Frederick B. Rosner, Esq., and Brian L. Arban, Esq.,
at the Rosner Law Group LLC, serve as co-counsel.

In October 2011, the Debtors sold substantially all assets to
Point Blank Enterprises, Inc.  The lead debtor changed its name to
SS Body Armor I, Inc., following the sale.


PORTER BANCORP: Glenn Hogan Reports 11% Stake as of March 2
-----------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Glenn W. Hogan disclosed that as of March 2, 2015, he
beneficially owns 2,224,379 common shares of Porter Bancorp, Inc.,
representing 11.1 percent of the shares outstanding.  A copy of the
regulatory filing is available at http://is.gd/ieVR3h

                        About Porter Bancorp

Porter Bancorp, Inc., is a bank holding company headquartered in
Louisville, Kentucky.  Through its wholly-owned subsidiary PBI
Bank, the Company operates 18 full-service banking offices in
12 counties in Kentucky.

Porter Bancorp reported a net loss of $11.2 million in 2014, a net
loss of $1.58 million in 2013 and a net loss of $32.93 million in
2012.

As of June 30, 2015, the Company had $979.3 million in total
assets, $949.2 million in total liabilities and $30 million in
total stockholders' equity.

Crowe Horwath, LLP, in  Louisville, Kentucky, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has incurred
substantial losses in 2014, 2013 and 2012, largely as a result of
asset impairments resulting from the re-evaluation of fair value
and ongoing operating expenses related to the high volume of other
real estate owned and non-performing loans.  In addition, the
Company's bank subsidiary is not in compliance with a regulatory
enforcement order issued by its primary federal regulator
requiring, among other things, increased minimum regulatory capital
ratios as well as being involved in various legal proceedings in
which the Company disputes material factual allegations against the
Company.  Additional losses, adverse outcomes from legal
proceedings or the continued inability to comply with the
regulatory enforcement order may result in additional adverse
regulatory action.  These events raise substantial doubt about the
Company's ability to continue as a going concern, the auditors
said.


POSITIVEID CORP: To Acquire Thermomedics for $750,000
-----------------------------------------------------
PositiveID Corporation has entered into an agreement to acquire the
capital stock of Thermomedics, Inc., which manufactures and markets
the FDA-cleared Caregiver non-contact clinical-grade thermometer.
This acquisition is a part of PositiveID's overall growth strategy
to add revenue-generating, complementary products with significant
market penetration potential to its portfolio. PositiveID will
continue to look at other opportunities to execute this growth
strategy.

As consideration, PositiveID will pay the Seller $750,000 in the
form of $250,000 in cash and $500,000 in the form of 500 shares of
Series J Convertible Preferred Stock of the Buyer, subject to
adjustment of $29,000 for Thermomedics' working capital deficit and
$25,000 for the legal fees of PositiveID as detailed in the
Purchase Agreement.

The Caregiver thermometer was developed by the inventors of
tympanic thermometry and is the world's first non-contact device
with TouchFree technology.  Caregiver is a clinical-grade, infrared
thermometer for measurement of forehead temperature in adults,
children, and infants, without contact.  Since there is no skin
contact and Caregiver does not require probe cover supplies, it
reduces the risk of cross-contamination and saves the healthcare
facility the cost of covers (as much as $0.05 to $0.15 per
temperature), storage space, as well as waste disposal costs.

Due to its ability to provide TouchFree temperatures thereby
helping to improve infection control efforts, Caregiver has been
utilized recently by both government and commercial customers in
the fight against the spread of Ebola.

The established distribution and customer channels for Caregiver
are expected to provide synergies to PositiveID as it continues the
development and testing of its Firefly Dx real-time pathogen
detection system and prepares for commercialization.  Thermomedics
currently has agreements with the world's leading healthcare
product distributors.

"We believe that once completed, the acquisition of Thermomedics
will bring an exciting product and management team to our portfolio
as we continue toward commercialization of Firefly Dx," stated
William J. Caragol, Chairman and CEO of PositiveID.  "Not only will
Caregiver provide additional revenue for PositiveID, we believe it
will also provide opportunities to fight against the spread of
disease, while providing a pathway to customers and delivering
proven manufacturing and FDA expertise."

The global market for temperature monitoring devices is forecast to
reach $1 billion by 2020, with infrared thermometers experiencing
the fastest growth driven in part by concerns over the spread of
highly infectious diseases like Ebola according to Global Industry
Analysts, Inc.

A copy of the Stock Purchase Agreement is available for free at:

                        http://is.gd/rrgFNU

                          About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $8.22 million on $945,000 of revenue for the year ended
Dec. 31, 2014, compared with a net loss attributable to common
stockholders of $13.33 million on $0 of revenue for the year ended
Dec. 31, 2013.

As of March 31, 2015, the Company had $1.41 million in total
assets, $11.8 million in total liabilities, and a $10.4 million
total stockholders' deficit.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014.  The accounting firm noted that
the Company reported a net loss, and used cash for operating
activities of approximately $8.61 million and $2.57 million
respectively, in 2014.  At Dec. 31, 2014, the Company had a working
capital deficiency, stockholders' deficit and accumulated deficit
of approximately $8.076 million, $8.45 million and $133 million,
respectively.


PRECISION OPTICS: Obtains $700,000 From Common Stock Offering
-------------------------------------------------------------
Precision Optics Corporation, Inc., on Oct. 19, 2015, entered into
agreements with accredited investors for the sale and purchase of
1,044,776 shares of its common stock, $0.01 par value at a purchase
price of $0.67 per share.  The Company received $700,000 in gross
proceeds from the offering.  The Company intends to use the net
proceeds from this placement for general working capital purposes.

In conjunction with the placement, the Company also entered into a
registration rights agreement with the investors, whereby the
Company is obligated to file a registration statement with the
Securities Exchange Commission on or before 90 calendar days after
Oct. 19, 2015, to register the resale by the investors of the
1,044,776 shares of its common stock purchased in the placement.

In conjunction with the offering, certain anti-dilution provisions
of the warrants issued in conjunction with our June 25, 2008, and
Sept. 28, 2012, financing transactions were triggered.  As a
result, the number of existing June 25, 2008 warrants increased
from 493,398 to 517,222 and the related exercise price of the
warrants decreased from $1.03 to $0.98 per share.  Also, as a
result of the offering, the number of existing Sept. 28, 2012,
warrants increased from 2,189,724 to 2,288,187 and 217,322 to
223,793, respectively, and the related exercise price decreased
from $1.11 to $1.06 and from $0.85 to $0.83, respectively.

                      About Precision Optics

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

Precision Optics reported a net loss of $1.17 million on $3.91
million of revenues for the year ended June 30, 2015, compared to a
net loss of $1.16 million on $3.65 million of revenues for the year
ended June 30, 2014.

As of June 30, 2015, the Company had $2.04 million in total assets,
$1.37 million in total liabilities, all current, and $666,888 in
total stockholders' equity.

Stowe & Degon LLC, in Westborough, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2015, citing that the Company has suffered
recurring net losses and negative cash flows from operations, which
raises substantial doubt about its ability to continue as a going
concern.


RELATIVITY MEDIA: Resolves Objections to $125M Television Biz Sale
------------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that Relativity
Media LLC said on Oct. 19, 2015, that a $125 million sale of the
company's unscripted television business to a group of hedge funds
has closed after attorneys told a New York bankruptcy judge earlier
in the day that objections to the sale related to employment
contracts have largely been resolved.

The deal, which will see Relativity Chairman and CEO Ryan Kavanaugh
maintain control of the reorganized company, is expected to be
approved by the bankruptcy court later this week, a company
spokesperson said.

                      About Relativity

Relativity -- http://relativitymedia.com/-- is a next-generation  

global media company engaged in multiple aspects of content
production and distribution, including movies, television, sports,
digital and music.  More than just a collection of
entertainment-related businesses, Relativity is a content engine
with the ability to leverage each of these business units,
independently and together, to create content across all mediums,
giving consumers what they want, when they want it.

Relativity Studios, the Company's largest division, has produced,
distributed or structured financing for more than 200 motion
pictures, generating more than $17 billion in worldwide box-office
revenue and earning 60 Oscar nominations.  Relativity's films
include Oculus, Safe Haven, Act of Valor, Immortals, Limitless,
and The Fighter.

Relativity Media LLC and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code on July 30, 2015 (Bankr.
S.D.N.Y., Case No. 15-11989).  The case is assigned to Judge
Michael E. Wiles.

The Debtors are represented by Craig A. Wolfe, Esq., Malani J.
Cademartori, Esq., and Blanka K. Wolfe, Esq., at Sheppard Mullin
Richter & Hampton LLP, in New York; and Richard L. Wynne, Esq.,
Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq., at Jones Day,
in New York.

Brian Kushner of FTI Consulting, Inc., serves as chief
restructuring officer and crisis and turnaround manager.  Luke
Schaeffer of FTI Consulting, Inc., serves as deputy CRO.

Blackstone Advisory Partners L.P. serves as the Debtors'
investment banker.  The team is led by Timothy Coleman, Senior
Managing Director, CJ Brown, Senior Managing Director, Paul
Sheaffer, Vice President, and Joseph Goldschmid, Associate.

The Debtors' noticing and claims agent is Donlin, Recano &
Company, Inc.


ROUNDY'S SUPERMARKETS: S&P Cuts Rating on 2021 Term Loan to 'B-'
----------------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its rating
on Roundy's Supermarkets Inc.'s term loan due 2021 to 'B-' from 'B'
and revised the recovery rating to '3' from '2'.  The '3' recovery
rating indicates S&P's expectation of a meaningful recovery (at the
high end of the 50% to 70% range).

The downgrade reflects S&P's current recovery valuation in a
hypothetical bankruptcy and emergence scenario, as well as recent
weaker operating performance.  S&P has valued the company on a
going-concern basis using a 5x multiple applied to its projected
emergence-level EBITDA of around $110 million by our estimates.

S&P believes the recovery prospects for the term loan holders would
benefit from a first-priority lien on all tangible and intangible
property and assets of the company, including all the capital stock
of the parent and its subsidiaries, and a second lien on the
collateral securing the asset-backed lending facility.

The 'B-' corporate credit rating and stable outlook are
unaffected.

RATINGS LIST

Roundy's Supermarkets Inc.

Corporate credit rating            B-/Stable/--

Issue Rating Lowered, Recovery Rating Revised
                                    To        From
Roundy's Supermarkets Inc.

Senior secured                     B-        B
  Recovery rating                   3H        2L



SANTA FE GOLD: Stalking Horse PA with Waterton Global Approved
--------------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court approved
Santa Fe Gold's motion for entry of (a) an order (i) authorizing
the Debtors' entry into a stalking horse purchase agreement with
Waterton Global Value for the sale of the Debtors' properties and
related assets; (ii) approving bidding procedures and expense
reimbursement of $350,000; (iii) scheduling a hearing to consider
approval of the sale of assets; (iv) approving form and manner of
notice of the sale and (v) granting related relief and (b) an order
(i) approving the sale of the Debtors' assets free and clear of
liens, claims, interests and encumbrances; (ii) authorizing the
assumption and assignment of certain executory contracts and
unexpired leases and (iii) granting related relief.

As previously reported, "The Acquired Assets, which are
substantially all of the Debtors' assets, are the properties,
related mineral rights, and equipment underlying and utilized in
the Summit Project (including the copper exploration initiative at
the Lordsburg Mill site), the Black Canyon Mica Project, and the
Planet MIO Project...."

The aggregate consideration will consist of: a credit bid in an
amount equivalent to the obligations owed by the Sellers to Buyer
under (x) the DIP Facility and (y) the Senior Secured Gold Stream
Credit Agreement, dated Dec. 23, 2011, between the Sellers and
Waterton Global Value, in its capacity as provider of the Senior
Pre-Petition Indebtedness."

                       About Santa Fe Gold

Santa Fe Gold Corporation and three affiliated entities, a group of
mining and mineral exploration companies headquartered in
Lordsburg, New Mexico, filed Chapter 11 bankruptcy petitions
(Bankr. D. Del. Lead Case No. 15-11761) on Aug. 26, 2015, to pursue
an expedited sale of their assets in order to maximize value for
all stakeholders.

The case is pending before the Honorable Mary F. Walrath.  The
cases are being jointly administered for procedural purposes.  The
Debtor continues to operate its business and manage its properties
as a debtor-in-possession.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, as
counsel; Canaccord Genuity Group Inc., as financial advisor; and
American Legal Claim Services, LLC, as notice, claims, and
solicitation agent.

Santa Fe Gold disclosed $19.1 million in assets and $29.9 million
in debt as of March 31, 2015.



SEAL123: Debtor Wants Until Jan. 11, 2016 to Remove Actions
-----------------------------------------------------------
Seal123, Inc., and its affiliated debtors ask the U.S. Bankruptcy
Court for the District of Delaware to extend the period within
which they or the liquidation trust may remove actions through Jan.
11, 2016.

The Debtors contend that they are parties to actions currently
pending in the courts of certain states and federal district
courts, and believe that it is prudent to seek an additional
extension of the time to seek removal to protect the rights of the
Debtors and their estates and the liquidation trust to remove these
actions.  The Debtors relate that in recent months, they and their
advisors have had to devote a substantial amount of time, energy
and resources toward a number of critical matters in these cases.
The Debtors further relate that they and their professionals have
been focused on prosecuting and obtaining confirmation of their
Plan.  The Debtors tell the Court that as a result of the foregoing
efforts and various others, they have not had sufficient time to
review the actions to determine if any should be removed pursuant
to Bankruptcy Rule 9027(a).  Given the impending dissolution of the
Debtors on the effective date of the Plan, the Debtors submit that
most, if not all, determinations over whether to remove actions are
properly made by the Liquidation Trust.

The Debtors' motion is scheduled for hearing on Oct. 30, 2015, at
2:00 p.m.

Seal123, Inc. and its affiliated debtors are represented by:

          Michael R. Nestor, Esq.
          Margaret Whiteman Greecher, Esq.
          Travis G. Buchanan, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          Rodney Square
          1000 North King Street
          Wilmington, DE 19801
          Telephone: (302)571-6600
          Facsimile: (302)571-1253
          E-mail: mnestor@ycst.com
                  mgreecher@ycst.com
                  tbuchanan@ycst.com

                 - and -

          Lee R. Bogdanoff, Esq.
          Michael L. Tuchin, Esq.
          David M. Guess, Esq.
          Jonathan M. Weiss, Esq.
          KLEE, TUCHIN, BOGDANOFF & STERN LLP
          1999 Avenue of the Stars, 39th Floor
          Los Angeles, CA 90067
          Telephone: (310)407-4022
          Facsimile: (310)407-9090
          E-mail: lbogdanoff@ktbslaw.com
                  mtuchin@ktbslaw.com
                  dguess@ktbslaw.com
                  jweiss@ktbslaw.com

                       About Seal123, Inc.

The Wet Seal, Inc., and three affiliates The Wet Seal Retail,
Inc., Wet Seal Catalog, Inc., and Wet Seal GC, LLC, filed separate
Chapter 11 petitions (Bankr. D. Del. Case Nos. 15-10081 to
15-10084) on Jan. 15, 2015. The Debtors are a national
multi-channel retailer selling fashion apparel and accessory items
designed for female customers aged 13 to 24 years old.  The Wet
Seal, Inc., disclosed $215,254,952 in assets and $60,598,968 in
liabilities as of the Chapter 11 filing.

The Hon. Christopher S. Sontchi presides over the jointly
administered cases. Maris J. Kandestin, Esq., and Michael R.
Nestor, Esq., at Young Conaway Stargatt & Taylor, LLP; Lee R.
Bogdanoff, Esq., Michael L. Tuchin, Esq., David M. Guess, Esq.,
and
Jonathan M. Weiss, Esq., at Klee, Tuchin, Bogdanoff & Stern LLP;
and Paul Hastings LLP, serve as the Debtors' Chapter 11 counsel.
FTI Consulting serves as the Debtors' restructuring advisor.  The
Debtors' investment banker is Houlihan Lokey.  The Debtors tapped
Donlin, Recano & Co., Inc., as claims and noticing agent.

The petitions were signed by Thomas R. Hillebrandt, interim chief
financial officer.

B. Riley, the original DIP lender and plan sponsor, is represented
by Van C. Durrer, II, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP.

Versa Capital Management, LLC, and its affiliate, Mador Lending,
LLC, which was selected as the successful bidder at an auction, is
being advised by Greenberg Traurig LLP, Klehr Harrison Harvey
Branzburg LLP, and KPMG LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors. The Committee retained Pachulski Stang Ziehl & Jones LLP
as its counsel and Province Inc. as its financial advisor.

The Wet Seal, Inc., changed its name to "Seal123, Inc." on April
17, 2015, in accordance with the Asset Purchase Agreement with
Mador Lending, LLC, an affiliate of Versa Capital Management, LLC
as buyer.



SEANERGY MARITIME: Announces Delivery of Two Vessels
----------------------------------------------------
Seanergy Maritime Holdings Corp. said it took delivery of a 170,057
dwt Capesize dry bulk vessel, which has been renamed to M/V
Geniuship, and a 56,884 dwt Supramax dry bulk vessel, which has
been renamed to M/V Guardianship.  Both the M/V Geniuship, which
was built in 2010 by Sungdong SB, and the M/V Guardianship, which
was built in 2011 by CSC Jinling Shipyard, will be employed in the
spot market.  The acquisition cost of the M/V Geniuship and the M/V
Guardianship has been funded by senior secured loan agreements with
international financial institutions and by a funding arrangement
with the Company's sponsor.

As previously announced, the M/V Geniuship and the M/V Guardianship
are the third and the fourth, respectively, of seven modern
secondhand dry bulk vessels that the Company has agreed to acquire
for a gross purchase price of approximately $183 million. The
acquisition of the remaining three vessels is expected to be
completed by Nov. 30, 2015.

                           About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.

Ernst & Young (Hellas) Certified Auditors-Accountants S.A., in
Athens, Greece, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that following the disposal of the Company's entire fleet in
early 2014 in the context of its restructuring plan, the Company
was unable to generate sufficient cash flow to meet its obligations
and sustain its continuing operations that raise substantial doubt
about the Company's ability to continue as a going concern.

The Company disclosed net income of $80.3 million on $2.01 million
of net vessel revenue for the year ended Dec. 31, 2014, compared
with net income of $10.9 million on $23.1 million of net vessel
revenue for the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $19.6 million in total
assets, $10.2 million in total liabilities, and $9.42 million in
stockholders' equity.


SHELLEY FOOD STORES: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Shelley Food Stores, Inc. II
           dba Shelley's Foodservice
        93 Albert Avenue
        Newark, NJ 07105

Case No.: 15-23535

Chapter 11 Petition Date: October 23, 2015

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

Judge: Hon. Robert D. Drain

Debtor's Counsel: Julie Cvek Curley, Esq.
                  DELBELLO DONNELLAN WEINGARTEN WISE & WIEDERKEHR,
                  LLP
                  One North Lexington Avenue, 11th Floor
                  White Plains, NY 10601
                  Tel: (914) 681-0200
                  Fax: (914) 684-0288
                  Email: jcurley@ddw-law.com

                    - and -

                  Jonathan S. Pasternak, Esq.
                  DELBELLO DONNELLAN WEINGARTEN WISE & WIEDERKEHR,
                  LLP
                  One North Lexington Avenue
                  White Plains, NY 10601
                  Tel: (914) 681-0200
                  Fax: (914) 684-0288
                  Email: jpasternak@ddw-law.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Scott Geller, president.

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


SRT SOLUTIONS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: SRT Solutions, LLC
        1100 NASA Parkway, Suite 650
        Houston, TX 77058

Case No.: 15-35572

Chapter 11 Petition Date: October 22, 2015

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. Letitia Z. Paul

Debtor's Counsel: Leonard H. Simon, Esq.
                  PENDERGRAFT & SIMON, LLP
                  The Riviana Building
                  2777 Allen Parkway, Suite 800
                  Houston, TX 77019
                  Tel: 713-737-8207
                  Fax: 832-202-2810
                  Email: lsimon@pendergraftsimon.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Josh Bhatia, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txsb15-35572.pdf


STUYVESANT TOWN-PETER: New Owners to Loan $141M to Preserve Unit
----------------------------------------------------------------
Natalie Rodriguez at Bankruptcy Law360 reported that Blackstone and
Ivanhoe Cambridge's blockbuster, multibillion-dollar plan to take
over Stuyvesant Town-Peter Cooper Village in Manhattan was
reportedly a fast-moving transaction that came together in a matter
of weeks, but the deal will likely have long-lasting reverberations
for a number of players.

According to the Associated Press, the new owners of Stuyvesant
Town-Peter Cooper Village will get a loan of up to $141 million to
help preserve the affordability of the units.

In a separate report, Ms. Rodriguez related that Blackstone and
Ivanhoe Cambridge, guided by Simpson Thacher & Bartlett LLP and
Paul Hastings LLP, respectively, struck a deal on Oct. 19, 2015, to
purchase the distressed Stuyvesant Town-Peter Cooper Village
apartment complex in Manhattan from Venable LLP and Fried Frank
Harris Shriver & Jacobson LLP-advised CWCapital, after inking an
affordable housing deal with city officials.

Per the announced deal with New York City Mayor Bill de Blasio's
administration, the new owners have agreed to preserve the 11,241
unit complex's existing 5,000 units of affordable housing.

Stuyvesant Town and Peter Cooper Village is home to more than
30,000 residents.  MetLife Inc. built the property in the 1940s
with city assistance to house returning World War II veterans.


TEMPLE UNIVERSITY: S&P Raises LongTerm Rating From 'BB+'
--------------------------------------------------------
Standard & Poor's Ratings Services raised its long-term rating on
Philadelphia Hospital & Higher Education Facilities Authority,
Pa.'s $515 million series 2012A, 2012B, 2007A, and 2007B bonds
issued for Temple University Health System (TUHS) to 'BBB-' from
'BB+'.  The outlook is stable.

"We raised the rating based on application of the U.S.
Not-For-Profit Acute-Care Stand-Alone Hospital criteria published
Dec. 15, 2014," said Standard & Poor's credit analyst Cynthia
Keller.  With this review S&P reclassified TUHS as a stand-alone
hospital because TUHS does not meet the revised definition of a
health system also published in the U.S. Not-For-Profit Acute-Care
Stand-Alone Hospital criteria last year.

"We assessed TUHS' enterprise profile as strong characterized by a
solid market position in a large service area and a unified
management team including a single executive leading TUHS and the
Temple University School of Medicine including its related faculty
practice plan.  Although TUHS is in a large metropolitan market,
local demographics are less favorable and the hospital is heavily
reliant on Medicaid for almost one-third of its annual net patient
service revenue.  We assessed TUHS' financial profile as vulnerable
with historically sizable operating losses until this year and
limited balance sheet flexibility due largely to slim unrestricted
reserves although debt levels are moderate.  The assessment also
reflects TUHS' reliance on disproportionate share and a variety of
other special funding sources and while these funding sources have
been largely stable and in certain cases have grown, most are
dependent on annual budgetary appropriations. Positively effecting
TUHS' financial profile is its financial dispersion with about 30%
of system revenue derived from outside the flagship and employed
physicians.  Also contributing to the rating decision is TUHS'
close relationship with 'A+' rated Temple University and in turn,
the public University's strong relationship with the Commonwealth
of Pennsylvania," S&P said.

"The rating reflects our view of TUHS' group credit profile and the
TUHS Obligated Group's core status.  Because the obligated group
contains a majority of system revenue and assets, we rate the bonds
at the group credit profile level.  Securing the bonds is a revenue
pledge of the obligated group, which includes Temple University
Hospital (TUH), Jeanes Hospital (Jeanes), a majority of the Fox
Chase Cancer Center (Fox Chase) affiliates, Temple Physicians,
Inc., a patient transport company, and the parent holding company,"
S&P said.

Nonobligated entities include Episcopal Hospital, a captive
insurance company, a foundation, and the Temple Center for
Population Health.

The stable outlook reflects TUHS' healthier financial performance
driven largely by improvement at Jeanes and Fox Chase as TUH
continues to post profits from operations.  TUHS' weak unrestricted
reserves, which S&P do not expect to grow in the near term,
constrain the current rating.  S&P also anticipates that the
uncertainty regarding the level of special funding will be an
ongoing credit risk.

S&P could consider a positive outlook or higher rating during the
next two years covered by its outlook period with generally
breakeven financial performance sufficient to generate debt service
coverage of at least 2.5x and improvement in unrestricted reserves
to about 100 days' cash on hand and 1x outstanding debt. Positive
action is also predicated on continued stability of special funding
revenue.

S&P could consider a negative outlook or lower rating if improved
operating results are not sustained through the outlook period or
if reserves materially decline.  In addition, any material change
in the relationship with Temple University or special funding
sources could be a negative rating factor.  Additional debt, while
not anticipated beyond a limited amount of capital leases could be
a negative rating factor if not accompanied by a commensurate
increase in unrestricted reserves.



TENET HEALTHCARE: Reaffirms Adjusted EBITDA Outlook for Q3 2015
---------------------------------------------------------------
In light of the extraordinary volatility of its shares in recent
days, Tenet Healthcare Corporation is reaffirming its previously
announced Adjusted EBITDA Outlook for the third quarter ended Sept.
30, 2015, in the range of $550 million to $600 million.

As previously announced, the Company plans to report its results
for the third quarter after the market close on Monday, Nov. 2,
2015.  The company's financial results are subject to finalization
of the company's quarterly financial and accounting procedures.

The Company will host a conference call on Tuesday, Nov. 3, 2015,
at 10:00 a.m. ET (9:00 a.m. CT) for management to discuss the
results.  A live audio webcast will be accessible through the
Company's Web site at http://www.tenethealth.com/investors

                            About Tenet

Tenet Healthcare Corporation -- http://www.tenethealth.com/-- is a
national, diversified healthcare services company with 110,000
employees united around a common mission: to help people live
happier, healthier lives.  The company operates 80 hospitals, 214
outpatient centers, six health plans and Conifer Health Solutions,
a leading provider of healthcare business process services in the
areas of revenue cycle management, value based care and patient
communications.

Tenet Healthcare reported net income attributable to the Company's
shareholders of $12 million for the year ended Dec. 31, 2014,
compared to a net loss attributable to the Company's shareholders
of
$134 million during the prior year.

As of June 30, 2015, Tenet had $22.7 billion in total assets, $20.1
billion in total liabilities, $1.5 billion in redeemable
non-controlling interests in equity of consolidated subsidiaries
and $1 billion in total equity.

                         *    *    *

Tenet carries a 'B' IDR from Fitch Ratings, 'B' corporate credit
rating from Standard & Poor's Ratings Services and 'B1' Corporate
Family Rating from Moody's Investors Service.


TRANS-LUX CORP: Has Rights Offering of 51,063 Preferred Shares
--------------------------------------------------------------
Trans-Lux Corporation is distributing, at no charge, to holders of
its common stock non-transferable subscription rights to purchase
up to 51,063 shares of its Series B Convertible Preferred Stock,
which the Company refers to as the Series B Preferred, at a
subscription price of $200.00 per share.  The Series B Preferred
carries a 6.0% cumulative annual dividend on the Stated Value of
$200.00 per share and will be convertible into shares of the
Company's common stock at an initial conversion price of $10.00 per
share, representing a conversion ratio of 20 shares of common stock
for each share of Series B Preferred held at the time of
conversion, subject to adjustment.

Holders will receive one subscription right for each share of
common stock owned at 5:00 p.m., Eastern Time, on Sept. 28, 2015,
the record date for the rights offering.  Thirty-three subscription
rights will entitle holders to purchase one share of the Company's
Series B Preferred at a subscription price of $200.00 per whole
share, which the Company refers to as the basic subscription right.
If all of the basic subscription rights are exercised, the total
purchase price of the shares offered in the rights offering would
be approximately $10.2 million.  The subscription rights may not be
sold, transferred or assigned.

The subscription rights will expire if they are not exercised
before 5:00 p.m., Eastern Time, on Oct. 21, 2015, the expiration
date for the rights offering, unless we extend the rights offering
period.  The Company reserves the option to extend the rights
offering and the period for exercising your subscription rights for
a period not to exceed 30 days, although the Company does not
presently intend to do so.

The closing price of the Company's common stock on Sept. 14, 2015,
was $3.15.  The Company's common stock is quoted on the OTC Pink
under the symbol "TNLX."  The subscription rights issued in the
rights offering will not be listed for trading on any stock
exchange or market.

The Company intends to use the net proceeds from the rights
offering for the repayment of certain debt and for payment of
certain required contributions under our defined benefit pension
plan.  The Company intends to use the remainder of the net proceeds
for general corporate purposes.

About 1,685,085 shares of the Company's common stock and no shares
of Series B Preferred were issued and outstanding on Sept. 14,
2015.

Continental Stock Transfer & Trust Company serves as subscription
agent and Morrow & Co., LLC serves as information agent.

A copy of the Post-Effective Amendment No. 4 to the the Form S-1
registration statement is available at:

                        http://is.gd/5RCrqI

                    About Trans-Lux Corporation

Norwalk, Conn.-based Trans-Lux Corporation (NYSE Amex: TLX) is a
designer and manufacturer of digital signage display solutions for
the financial, sports and entertainment, gaming and leasing
markets.

Trans-Lux Corporation incurred a net loss of $4.62 million on $24.4
million of total revenue for the year ended Dec. 31, 2014, compared
with a net loss of $1.86 million on $20.9 million of total revenue
for the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $15 million in total assets,
$18.3 million in total liabilities and a $3.2 million total
stockholders' deficit.

BDO USA, LLP, 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 and has a significant working capital deficiency that
raise substantial doubt about its ability to continue as a going
concern.  Further, the auditors said, the Company is in default of
the indenture agreements governing its outstanding 9-1/2%
Subordinated debentures which were due in 2012 and its 8-1/4%
Limited convertible senior subordinated notes which were due in
2012 so that the trustees or holders of 25% of the outstanding
Debentures and Notes have the right to demand payment immediately.
Additionally, the Company has a significant amount due to their
pension plan over the next 12 months.


UNITED SUPPORT: Nov. 6 Meeting Set to Form Creditors' Panel
-----------------------------------------------------------
Andy Vara, Acting United States Trustee of Region 3, will hold an
organizational meeting on Nov. 6, 2015, at 11:00 a.m. in the
bankruptcy case of United Support Solutions, Inc.

The meeting will be held at:

         United States Trustee's Office
         One Newark Center, 1085 Raymond Blvd.
         21st Floor, Room 2106
         Newark, NJ 07102

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee. Section 1103 of the
Bankruptcy Code provides that the Committee may consult with the
debtor, investigate the debtor and its business operations and
participate in the formulation of a plan of reorganization.  The
Committee may also perform other services as are in the interests
of the unsecured creditors whom it represents.



VALLEY VIEW DOWNS: Trustee Can't Clawback $16MM from Merit Mngt.
----------------------------------------------------------------
Judge Joan B. Gottschall of the United States District Court for
the Northern District of Illinois, Eastern Division, granted the
motion for judgment on the pleadings filed by Merit Management
Group, LP.

In an effort to develop a "racino" and strengthen its chances at
securing a racing license, Valley View Downs decided to buy out the
competition.  On August 14, 2007, Valley View, Bedford Downs
Management Corporation, and others entered into a settlement
agreement which required Valley View to pay Bedford Downs $55
million in exchange for all of Bedford Down's stock.  On September
4, the parties to the settlement agreement entered into an escrow
agreement.  Because Merit was a 30.07% owner of Bedford Downs,
Valley View ultimately transferred $16,503,850 to it.  Valley View
made the transfers through Credit Suisse and Citizens Bank of
Pennsylvania.

The Pennsylvania State Harness Racing Commission granted Valley
View's application for a harness-racing license.  However, Valley
View was unable to secure a gaming license.

Valley View sought relief under Chapter 11 of the Bankruptcy Code
and its Chapter 11 plan was ultimately confirmed by the bankruptcy
court.  The Centaur, LLC Litigation Trust was created pursuant to
the confirmed plan, and FTI Consulting, Inc. was selected as the
Litigation Trustee.  FTI sued Merit in an attempt to avoid the
allegedly fraudulent transfer of $16,503,850 to Merit.

Judge Gottschall found that Merit is entitled to Section 546(3)'s
safe harbor, which means that the Trustee cannot avoid the
transfers.  The judge explained that the transfers were "by or to"
a financial institution because two financial institutions, Credit
Suisse and Citizens Bank, transferred or received funds in
connection with a "settlement payment" or "securities contract."

The case is FTI CONSULTING, INC., Trustee of the Centaur, LLC
Litigation Trust, Plaintiff, v. MERIT MANAGEMENT GROUP, LP.,
Defendant, CASE NO. 11 C 7670 (N.D. Ill.).

A full-text copy of Judge Gottschall's October 2, 2015 memorandum
opinion and order is available at http://is.gd/OCdEbdfrom
Leagle.com.

FTI Consulting, Inc. is represented by:

          Gregory Scott Schwegmann, Esq.
          Joshua J. Bruckerhoff, Esq.
          Paul T. Harle, Esq.
          REID COLLINS & TSAI LLP
          1301 S. Capital of Texas Hwy
          Building C, Suite 300
          Austin, TX 78746
          Tel: (512) 647-6100
          Fax: (512) 647-6129
          Email: gschwegmann@rctlegal.com
                 jbruckerhoff@rctlegal.com
                 pharle@rctlegal.com

            -- and --

          Jason M. Rosenthal, Esq.
          HONIGMAN MILLER SCHWARTZ AND COHN LLP
          One South Wacker Drive 28th Floor
          Chicago, IL 60606-4617
          Tel: (312) 701-9300
          Email: jrosenthal@honigman.com

Merit Management Group, LP is represented by:

          Jason Jon DeJonker, Esq.
          Christopher James Harney, Esq.
          Jeffrey Phillip Swatzell, Esq.
          Michael Ryan Pinkston, Esq.
          SEYFARTH SHAW LLP
          131 South Dearborn Street Suite 2400
          Chicago, IL 60603-5577
          Tel: (312) 460-5000
          Fax: (312) 460-7000
          Email: jdejonker@seyfarth.com
                 charney@seyfarth.com
                 rpinkston@seyfarth.com

Indianapolis, Indiana-based Valley View Downs, LP, sought
protection under Chapter 11 of the Bankruptcy Code on October 28,
2009 (Bankr. D. Del., Case No. 09-13761).  The Debtor's counsel was
Jeffrey M. Schlerf, Esq., at Fox Rothschild LLP, in Wilmington,
Delaware.  The petition was signed by Kurt E. Wilson, the company's
executive vice president and chief financial officer.


VERITEQ CORP: Gets Notice of Disposition of Collateral from Magna
-----------------------------------------------------------------
VeriTeQ Corporation and certain institutional and accredited
investors entered into a securities purchase agreement dated as of
Nov. 13, 2013, pursuant to which the Company issued and sold to the
Investors in the aggregate (i) approximately $1.8 million principal
amount of senior secured convertible notes, and (ii) warrants to
purchase shares of the Company's common stock.  In connection with
such sale of Senior Notes and Warrants, the Company and certain of
its subsidiaries entered into, among other agreements, a security
and pledge agreement dated as of Nov. 13, 2013, as amended, in
favor of the collateral agent for the holders of the Senior Notes,
and certain subsidiaries of the Company entered into a Guaranty
dated as of Nov. 13, 2013, as amended, in favor of the collateral
agent for the holders of the Senior Notes.  The Senior Notes are
secured by substantially all of the Company's assets, including,
but not limited to, a pledge of the capital stock and assets of all
of the Company's subsidiaries, but excluding the assets securing
the Company's $3.3 million Non-Negotiable Secured Convertible
Subordinated Promissory Notes dated Nov. 28, 2012, issued to SNC
Holdings, Corp.

The Company is in default on substantially all of its outstanding
convertible promissory notes, including, but not limited to, the
Senior Notes, the SNC Note and the New Magna Notes, due to its
failure to file its quarterly report on Form 10-Q for the quarter
ending June 30, 2015, and its failure to repay the approximately
$1.0 million of outstanding principal of the Senior Notes, plus
interest, at maturity.  As of Oct. 19, 2015, the Company had
approximately $3.6 million aggregate principal amount of
convertible promissory notes, including the Senior Notes and the
New Magna Notes, but excluding notes due to related parties and the
SNC Note.

The Company has been in discussions with Magna Equities I, LLC, the
current collateral agent for the Investors.

The Company and certain of its subsidiaries entered into a letter
agreement with Magna on Oct. 19, 2015, pursuant to which the
Company agreed to exchange approximately $1.3 million aggregate
principal amount of outstanding unsecured convertible promissory
notes held by Magna for an equal principal amount of new
convertible promissory notes intended to be pari passu in rank and
priority with the Senior Notes.

On Oct. 19, 2015, the Company received a default notice from Magna,
acting in its capacity as collateral agent under the Security
Agreement.  Magna is currently the holder of outstanding
convertible promissory notes of the Company in the aggregate
principal amount of approximately $1.6 million (excluding all
accrued but unpaid interest), consisting of approximately $0.3
million of Senior Notes and $1.3 million of New Magna Notes, and
has entered into agreements with holders of an additional $500,000
aggregate principal of Senior Notes to acquire such Senior Notes
subject to the Company complying with and satisfying certain
requirements relating to, among other items, Magna's rights to
certain collateral, which as of Oct. 23, 2015, Magna believes the
Company has not complied with and satisfied.  Upon Magna's
determination that the Company has complied with and satisfied such
and related conditions, Magna intends to purchase such $500,000 of
Senior Notes.  The default notice demands repayment of the entire
amount due under the Senior Notes (including the $500,000 of Senior
Notes Magna has the right to acquire) and the New Magna Notes.  The
Company does not have the financial resources to repay this
indebtedness.  The default notice also advises the Company and its
subsidiaries that Magna is exercising all of its rights and
remedies under the Senior Notes it owns (including the $500,000 of
Senior Notes Magna has the right to acquire) and the New Magna
Notes and the Security Agreement.  In conjunction with this default
notice, the Company received from Magna a Notification of
Disposition of Collateral.  The NDC advises the Company that Magna
intends to sell, lease or license the assets securing the Senior
Notes and the New Magna Notes at a public auction to take place on
Nov. 2, 2015.  These assets constitute substantially all of the
assets of the Company and its subsidiaries, except for those assets
securing the SNC Note.

The SNC Note is secured by all of the assets, consisting primarily
of intellectual property and certain tangible property and
equipment, acquired by the Company under the asset purchase
agreement entered into by the Company and SNC Holdings Corp. on
Nov. 30, 2012.  Under the terms of the SNC Note, as amended, which
was due on June 30, 2015, and has not been repaid, the holder of
the SNC Note may look solely to the SNC Collateral to satisfy all
obligations of the Company to it under the SNC Note and not any
other assets of the Company and/or its subsidiaries.  The Company
has notified the holder of the SNC Note of its intent to return the
SNC Collateral to the holder in satisfaction of the SNC Note but
has not received any response from the holder.

Completion of the proposed public auction by Magna and the return
of the SNC Collateral will constitute a disposition of
substantially all of the Company's assets.  

"If the foregoing transactions are successfully completed, and
assuming a sale of the collateral equal to or above the total
amount owed under the Magna Notes, then the Company believes that
it will no longer have any secured indebtedness or Warrants
outstanding, and that its outstanding unsecured convertible debt
will be approximately $1.5 million, excluding related party
indebtedness and accrued interest, all of which is convertible into
shares of the Company's common stock," the Company said in a
regulatory filing with the Securities and Exchange Commission.
"Although the Company currently intends to attempt to acquire,
merge or combine with and/or acquire operating assets of an
operating business, no assurances can be given that the Company
will be able to effect any such transaction or the terms thereof.
The Company currently has no agreement, understanding and/or
agreement in principal for any such transaction.  Moreover, the
Company currently has limited funds and no assurances can be given
it will be able to raise any additional funds on terms acceptable
to the Company, or at all, or that the Company will be able to
continue as a going concern."

                           About VeriTeQ

VeriTeQ (formerly known as Digital Angel Corporation) develops
innovative, proprietary RFID technologies for implantable medical
device identification, and dosimeter technologies for use in
radiation therapy treatment.  VeriTeQ --
http://www.veriteqcorp.com/-- offers the world's first FDA
cleared RFID microchip technology that can be used to identify
implantable medical devices, in vivo, on demand, at the point of
care.  VeriTeQ's dosimeters provide patient safety mechanisms
while measuring and recording the dose of radiation delivered to a
patient in real time.

Veriteq reported a net loss of $3.91 million on $151,000 of sales
for the year ended Dec. 31, 2014, compared to a net loss of $18.2
million on $18,000 of sales for the year ended Dec. 31, 2013.

As of March 31, 2015, the Company had $1.66 million in total
assets, $9 million in total liabilities, $1.84 million in series D
preferred stock, and a $9.18 million total stockholders' deficit.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2014, citing that the Company has incurred
recurring net losses, and at Dec. 31, 2014, had negative working
capital and a stockholders' deficit.  These events and conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


VIRGINIA BROADBAND: Allowance of Former CEO's Claims Affirmed
-------------------------------------------------------------
Judge Glen E. Conrad of the United States District Court for the
Western District of Virginia, Charlottesville Division, affirmed
the bankruptcy court's decision allowing three claims filed by
Warren Manuel, former chief executive officer and board member of
Virginia Broadband, LLC, and denying VABB's request for
recharacterization or, in the alternative, equitable subordination
of those claims.

Mr. Manuel objected to the treatment of his claims in VABB's Second
Amendment Plan of Reorganization under Chapter 11, which stated
that Manuel "shall receive no payment on his claims or equity in
exchange for his claims."  In June 2014, VABB filed objections to
Manuel's three proofs of claims namely Claims 24, 25 and 26.

VABB's disclosure statement further objected to Manuel's treatment
as an unsecured creditor, arguing that all of Manuel's claims
should be equitably subordinated to the claims of other unsecured
creditors, because Manuel caused "wide ranging damage" to VABB
constituting a breach of Manuel's fiduciary duty to the company.

On November 5, 2014, the bankruptcy court issued an opinion
overruling VABB's objections with respect to Claim 24 and Claim 25,
overruling in part and sustaining in part VABB's objections to
Claim 26, and rejecting VABB's arguments for equitable
subordination and recharacterization of Manuel's claims.

VABB appealed the bankruptcy court's decision regarding the
allowance of Claims 25 and 26, and its decision to not subordinate
or recharacterize all three claims.  It did not appeal the
bankruptcy court's decision regarding the allowance of Claim 24.

Judge Conrad found no clear error as to any of the bankruptcy
court's factual determinations under Claims 25 and 26.  The judge
believed that the bankruptcy court's conclusions of law were
correct in that VABB failed to rebut the presumed validity of
Manuel's claims.

Judge Conrad also believed that the bankruptcy court correctly held
that VABB did not sustain its burden of showing that equitable
subordination was warranted for Manuel's three claims.

Finally, Judge Conrad held that the bankruptcy court correctly
applied the Dornier Aviation test in determining not to
recharacterize Manue's claims as equity.

The case is VIRGINIA BROADBAND, LLC, Appellant, v. WARREN MANUEL,
Appellee, CIVIL ACTION NO. 3:14-CV-00052 (W.D. Va).

A full-text copy of Judge Conrad's September 15, 2015 memorandum
opinion is available at http://is.gd/w2xzqcfrom Leagle.com.

Virginia Broadband, LLC is represented by:

          Richard Clifford Maxwell, Esq.
          WOODS ROGERS PLC
          10 South Jefferson Street Suite 1400
          Roanoke, VA 24011
          Tel: (540) 983-7600
          Fax: (540) 983-7711
          Email: rmaxwell@woodsrogers.com

Warren Manuel is represented by:

          Ann Elizabeth Schmitt, Esq.
          CULBERT AND SCHMITT, PLC
          30 Catoctin Cir SE, Ste C
          Leesburg, VA 20175
          Tel: (703) 737-6377

                About Virginia Broadband

Virginia Broadband, LLC, in Culpeper, Virginia, filed for Chapter
11 bankruptcy (Bankr. W.D. Va. Case No. 12-62535) on Nov. 5, 2012,
in Lynchburg.  Judge William E. Anderson was first assigned to the
case.  Richard C. Maxwell, Esq. –- rmaxwell@woodsrogers.com -- at
Woods Rogers PLC serves as counsel to the Debtor.  In its petition,
VABB estimated $1 million to $10 million in assets and debts.  A
list of the Company's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/vawb12-62535.pdf The petition
was signed by Robert M. Sullivan, president.


WAFERGEN BIO-SYSTEMS: Empery Reports 5.2% Stake as of Oct. 16
-------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Empery Asset Management, LP, Ryan M. Lane and Martin D.
Hoe disclosed that as of Oct. 16, 2015, they beneficially owned
500,000 shares of common stock, 60,000 shares of common stock
issuable upon exercise of Warrants with an exercise price of $5.00
and 500,000 shares of common stock issuable upon exercise of
Warrants with an exercise price of $1.44, of WaferGen Bio-systems,
Inc., representing 5.19 percent of the shares outstanding.  A copy
of the regulatory filing is available at http://is.gd/3G7GXv

                     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.


WAFERGEN BIO-SYSTEMS: Files Series 2 Certificate of Designation
---------------------------------------------------------------
In connection with the closing of an underwritten offering of
preferred stock, common stock and warrants, on Oct. 20, 2015,
WaferGen Bio-systems, Inc. filed the Certificate of Designation for
the Series 2 Convertible Preferred Stock with the Secretary of
State of the State of Nevada.  The Series 2 Certificate of
Designation provides for the issuance of up to 1,108 shares of
Series 2 Convertible Preferred Stock.  Series 2 Preferred Shares
rank on par with the shares of the Company's common stock, in each
case, as to dividend rights and distributions of assets upon
liquidation, dissolution or winding up of the Company.

The Series 2 Certificate of Designation provides, among other
things, that the Company shall not pay any dividends on shares of
Common Stock (other than dividends in the form of Common Stock)
unless and until such time as it pays dividends on each Series 2
Preferred Share on an as-converted basis.  Other than as set forth
in the previous sentence, the Series 2 Certificate of Designation
provides that no other dividends shall be paid on Series 2
Preferred Shares and that the Company shall pay no dividends (other
than dividends in the form of Common Stock) on shares of Common
Stock unless it simultaneously complies with the previous
sentence.

With certain exceptions, the Series 2 Preferred Shares have no
voting rights.  However, as long as any shares of Series 2
Preferred Shares remain outstanding, the Series 2 Certificate of
Designation provides that the Company shall not, without the
affirmative vote of holders of not less than 67% of the then
outstanding Series 2 Preferred Shares, (a) alter or change
adversely the powers, preferences or rights given to the Series 2
Preferred Shares or alter or amend the Series 2 Certificate of
Designation, (b) increase the number of authorized shares of Series
2 Preferred Shares, (c) effect a stock split or reverse stock split
of the Series 2 Preferred Shares or any like event, or (d) enter
into any agreement with respect to any of the foregoing.

Each Series 2 Preferred Share is convertible at any time at the
holder's option into a number of shares of Common Stock equal to
$10,000 per share, plus an amount equal to any accrued (whether or
not declared) or declared, but unpaid, dividends on such share,
divided by the Conversion Price.  The "Conversion Price" is
initially $1.00, subject to adjustment for stock splits, stock
dividends, distributions, subdivisions and combinations.
Notwithstanding the foregoing, the Series 2 Certificate of
Designation further provides that the Company shall not effect any
conversion of Series 2 Preferred Shares, with certain exceptions,
to the extent that, after giving effect to an attempted conversion,
the holder of Series 2 Preferred Shares (together with such
holder's affiliates, and any other person whose beneficial
ownership of common stock would be aggregated with the holder's for
purposes of Section 13(d) of the Securities Exchange Act of 1934,
as amended, and the applicable regulations thereunder, including
any "group" of which the holder is a member) would beneficially own
a number of shares of common stock in excess of 9.98% of the shares
of Common Stock then outstanding.

                    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.


WALTER ENERGY: Wants Plans Filing Exclusivity Until March
---------------------------------------------------------
BankruptcyData reported that Walter Energy filed with the U.S.
Bankruptcy Court a motion to extend the exclusive period during
which the Company can file a Chapter 11 plan and solicit
acceptances thereof until March 11, 2016, and May 10, 2016,
respectively.

The motion explains, "The Debtors, along with their advisors, are
currently negotiating a path forward with their stakeholders
consistent with their restructuring objectives to maintain their
businesses as a going concern, preserve jobs, and maximize
stakeholder value.  The extensions requested in the motion will
provide the Debtors and their advisors the opportunity to fully
develop and explore all strategic alternatives and negotiate the
best way forward."

The Court scheduled a Nov. 10, 2015 hearing to consider the
extension motion.

                      About Walter Energy

Walter Energy -- http://www.walterenergy.com/-- is a publicly  
traded "pure-play" metallurgical coal producer for the global steel
industry with strategic access to steel producers in Europe, Asia
and South America.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,700 employees, with operations in
the United States, Canada and the United Kingdom.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $471 million following a net loss of $359 million in 2013.  

Walter Energy, Inc., and its affiliates sought Chapter 11
protection (Bankr. N.D. Ala. Lead Case No. 15-02741) in Birmingham,
Alabama on July 15, 2015, after signing a restructuring support
agreement with first-lien lenders.

Walter Energy disclosed total assets of $5.2 billion and total debt
of $5 billion as of March 31, 2015.

The Debtors tapped Paul, Weiss, Rifkind, Wharton & Garrison as
counsel; Bradley Arant Boult Cummings LLP, as co-counsel; Ogletree
Deakins LLP, as labor and employment counsel; Maynard, Cooper &
Gale, P.C., as special counsel; Blackstone Advisory Services, L.P.,
as investment banker; AlixPartners, LLP, as financial advisor, and
Kurtzman Carson Consultants LLC, as claims and noticing agent.

The Bankruptcy Administrator for the Northern District of Alabama
appointed an Official Committee of Unsecured Creditors and an
Official Committee of Retirees.  The Creditors Committee tapped
Morrison & Foerster LLP and Christian & Small LLP as attorneys.
The Retiree Committee retained Adams & Reese LLP and Jenner & Block
LLP as attorneys.

The informal group of certain unaffiliated First Lien Lenders and
First Lien Noteholders (the "Steering Committee") retained Akin,
Gump, Strauss, Hauer and Feld LLP as legal advisor, and Lazard
Freres & Co. LLC as financial advisor.



WPCS INTERNATIONAL: Unit Has Change in Control Pact with President
------------------------------------------------------------------
WPCS International Incorporated's subsidiary, WPCS International -
Suisun City, Inc., entered into a change in control agreement with
Robert Roller, president of the Suisun City Operations, according
to a regulatory filing with the Securities and Exchange
Commission.

The Agreement has an initial term of two years and automatically
extends for additional one-year periods at the expiration of the
initial term and on each anniversary thereafter unless either party
notifies the other party of non-renewal no later than 30 days prior
to such anniversary.  Upon a change in control of the Company or
the Suisun City Operations, the Agreement will continue for a term
of two years and then expire.

Under the Agreement, Mr. Roller is entitled to a payment of
$150,000 if he is terminated without cause or if he terminates for
good reason within two years following a change in control of the
Company or the Suisun City Operations.

All payments under the Agreement are contingent upon Mr. Roller's
execution and non-revocation of a general release of claims against
the Suisun City Operations and its affiliates.

The Agreement provides that, if necessary, payments will be reduced
to the maximum amount payable without loss of a deduction under
Section 280G of the Internal Revenue Code.

The Agreement contains restrictive covenants prohibiting the
unauthorized disclosure of confidential information of the Suisun
City Operations or its affiliates by Mr. Roller during and after
his employment, and prohibiting Mr. Roller from soliciting the
employees or customers of the Suisun City Operations or its
affiliates during employment and for 12 months after termination of
employment for any reason.

               About WPCS International Incorporated

WPCS -- http://www.wpcs.com/-- operates in two business segments
including: (1) providing communications infrastructure contracting
services to the public services, healthcare, energy and corporate
enterprise markets worldwide; and (2) developing a Bitcoin trading
platform.

WPCS reported a net loss attributable to the Company's common
shareholders of $11.3 million on $24.4 million of revenue for the
year ended April 30, 2015, compared with a net loss attributable to
the Company's common shareholders of $11.2 million on $15.7 million
of revenue for the year ended April 30, 2014.

As of April 30, 2015, the Company had $15.1 million in total
assets, $15.3 million in total liabilities and a $139,064 total
deficit.


WRIGHTWOOD GUEST: Hires Hall & Company as Accountant
----------------------------------------------------
Wrightwood Guest Ranch, LLC seeks authorization from the U.S.
Bankruptcy Court for the Central District of California to employ
Hall & Company as certified public accountant.

The Debtor requires Hall & Company to:

   (a) prepare adjusting entries, working papers and depreciation
       calculations in connection with preparing, reporting on, or

       estimating financial statements, financial reports, federal

       income and state tax returns and tax liabilities, and
       federal income and state tax deposits, including monthly
       operating reports;

   (b) review correspondence received, preparation of
       correspondence in response to and representation services
       as needed in connection with federal, state and county
       taxing authorities; and

   (c) consult, and provide tax advice and litigation services
       as required by the Debtor.

Hall & Company be paid at these hourly rates:

       Bradford Hall               $395
       Directors                   $325-$395
       Managers                    $275-$325
       Supervisors                 $200-$235
       Senior Accountants          $150-$185
       Staff Accountants           $100-$145
       Administrative Assistants   $85

Hall & Company will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Bradford Hall, managing director of Hall & Company, 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.

Hall & Company can be reached at:

       Bradford Hall
       HALL & COMPANY
       111 Pacifica, Suite 320
       Irvine, CA 92618
       Tel: (949) 910-4255
       Fax: (949) 910-4256

Masterpiece Marketing, Larry Rundle, and Snyder Dorenfeld, filed an
involuntary petition against Wrightwood Guest Ranch LLC (Bankr.
C.D. Calif., Case No. 15-17799) on Aug. 5, 2015.  The case is
assigned to Judge Scott C. Clarkson.  The Petitioners' counsel is
Douglas A Plazak, Esq., at Reid & Hellyer, APC, in Riverside,
California.

The Bankruptcy Court later granted Wrightwood Guest Ranch's request
for relief under Chapter 11 and vacated the Involuntary Petition
filed against the Debtor.


WRIGHTWOOD GUEST: Taps Baker Manock as Special Counsel
------------------------------------------------------
Wrightwood Guest Ranch, LLC seeks authorization from the U.S.
Bankruptcy Court for the Central District of California to employ
Baker Manock & Jensen as special counsel.

The Debtor requires Baker Manock to:

   (a) negotiate and document transactions involving Greenlake
       Real Estate Fund, LLC and other secured creditors;

   (b) document possible financing; and

   (c) transactional services.

The rates for attorneys at Baker Manock range from $185 to $525.
Mr. Peter Zeitler's hourly rate is $325.

Baker Manock will also be reimbursed for reasonable out-of-pocket
expenses incurred.

The Debtor owed Baker Manock about $3,000 on the date of the Order
for Relief.

Peter Zeitler, member of Baker Manock, 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.

Baker Manock can be reached at:

       Peter Zeitler, Esq.
       BAKER MANOCK & JENSEN
       5260 N. Palm Ave., Suite 421
       Fresno, CA 93704

Masterpiece Marketing, Larry Rundle, and Snyder Dorenfeld, filed an
involuntary petition against Wrightwood Guest Ranch LLC (Bankr.
C.D. Calif., Case No. 15-17799) on Aug. 5, 2015.  The case is
assigned to Judge Scott C. Clarkson.  The Petitioners' counsel is
Douglas A Plazak, Esq., at Reid & Hellyer, APC, in Riverside,
California.

The Bankruptcy Court later granted Wrightwood Guest Ranch's request
for relief under Chapter 11 and vacated the Involuntary Petition
filed against the Debtor.


XINERGY CORP: OK'd to Reject Agreement with VP-Investor Relations
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Virginia
authorized Xinergy Corp. to reject its employment agreement with
Robert L. Gaylor retroactive to Aug. 18, 2015.

Xinergy Corp. and Mr. Gaylor entered into the employment agreement
on May 22, 2014.  Under the employment agreement, Mr. Gaylor
receives an annual salary of $240,000 plus certain other benefits
for his employment as executive vice president, investor relations.
The employment agreement has a two-year term commencing from the
Effective Date.

The Debtors decided to reject the employment agreement because they
no longer require the services of an investor relations executive.
The stock of the Debtors has been de-listed from the Toronto stock
exchange.  The Debtors had determined that continuing to employ Mr.
Gaylor would be burdensome to the Debtors' estates and inconsistent
with its strategic initiatives.

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: Jeffrey Wilson Okayed as Senior VP-Operations
----------------------------------------------------------
The Hon. Honorable Paul M. Black of the U.S. Bankruptcy Court for
the Western District of Virginia authorized Xinergy Ltd., et al.,
to (i) employ Wilson Energy Advisors, LLC, to provide the Debtors
interim management services; and (ii) designate Jeffrey A. Wilson
as senior vice president-operations, effective as of Aug. 13,
2015.

Mr. Wilson will provide management services related to the Debtors'
mining operations and make recommendations and assist in
implementing decisions prior to and upon an exit from Chapter 11,
and other areas and issues as he may identify and which are
customarily performed by a senior vice president-operations, in
consultation with the Debtors' chief executive officer, and in the
manner as he deems necessary or appropriate consistent with the
business judgment rule.

The compensation of WEA and Mr. Wilson will consist of:

   (a) WEA's fees for the services will be based on a monthly rate
of $35,000.

   (b) WEA will be entitled to reimbursement of reasonable
out-of-pocket expenses of WEA and Wilson, including, but not
limited to, costs of travel (economy class or equivalent),
reproduction, legal counsel (including legal counsel retained to
review, negotiate, and enforce the services agreement), any
applicable state sales or excise tax and other direct expenses.

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

The Debtors are represented by:

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

                           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.


YUM! BRANDS: CDS Spikes Widest on Spinoff Plans, Fitch Says
-----------------------------------------------------------
Yum! Brands Inc.'s announced separation of its China operation into
an independent publicly traded company has sent its credit default
swap (CDS) spreads spiking to their widest levels ever, according
to Fitch Solutions in its latest CDS Case Study Snapshot.

Five-year CDS on Yum! have continued to gap out, 98% wider in just
the past week, to price at all-time wide levels.  Additionally, CDS
are currently pricing deep in speculative grade territory, a stark
contrast from the beginning of this year.

'Spread widening for Yum! is being driven by the company's shift to
a more aggressive financial strategy and investors' expectation
that the company will lever up the company to return cash to
shareholders,' said Diana Allmendinger.  'The spinoff means its
leverage is likely to rise substantially.'  In fact, the spinoff
announcement sent CDS spreads another 45% wider.

Fitch Solutions case studies build on data from its CDS Pricing
Service and proprietary quantitative models, including CDS Implied
Ratings.  These credit risk indicators are designed to provide
real-time, market-based views of creditworthiness.  As such, they
can and often do reflect more short term market views on factors
such as currencies, seasonal market effects and short-term
technical influences.  This is in contrast to Fitch Ratings' Issuer
Default Ratings (IDRs), which are based on forward-looking
fundamental credit analysis over an extended period of time.



[*] Allan D. Reiss Joins Greenberg Traurig as Shareholder
---------------------------------------------------------
Carat men Germaine at Bankruptcy Law360 reported that Greenberg
Traurig LLP has added a former Morgan Lewis & Bockius LLP partner
in New York who has experience advising on securities offerings and
restructurings in the energy industry, the firm announced on Oct.
19, 2015.

Allan D. Reiss joins Greenberg as a shareholder, and he will work
in the firm's corporate, energy and restructuring practices and
advise a broad range of clients on corporate and securities
transactions in the energy, shipping and renewables industries.



[*] Dentons Nabs Prosecutor for White Collar Work in Chicago
------------------------------------------------------------
Rachel M. Cannon has joined as a partner in Dentons' Litigation and
Dispute Resolution practice.  Ms. Cannon will focus on serving
clients in financial markets litigation and white-collar criminal
defense and will be resident in the firm's Chicago office.

Prior to joining Dentons, Ms. Cannon served as an Assistant United
States Attorney in Chicago, where she supervised the bankruptcy
fraud program at the US Attorney's Office.  She also prosecuted a
wide variety of fraud cases involving more than $100 million in
losses and indicted corporations, executives, doctors, investment
advisors, consultants, real estate developers, and public
officials, among others.

Ms. Cannon received a number of awards during her time as an AUSA,
and served as a periodic trial advocacy instructor for the DOJ, SEC
and CFTC. She has tried 19 jury trials, dozens of bench trials, and
briefed and argued numerous cases in the US Court of Appeals.

"We are extremely pleased to welcome Rachel to our litigation
practice," said Dentons' US Managing Partner Mike McNamara. "Her
experience investigating and trying financial markets cases coupled
with her sophisticated trial skills will further strengthen and
expand our litigation practice in Chicago and enhance our corporate
internal investigation and criminal and regulatory defense
capabilities."
Ms. Cannon earned both her JD and BA from the University of
Chicago.  She earned her bachelor's degree with honors, and was a
member of Phi Beta Kappa She was also named an Honorary Student
Marshall, a presidential honor awarded to students in the top five
percent of their graduating class.

The National Law Journal named Dentons the 2014 Chicago Litigation
Department of the Year for "its groundbreaking work."  With more
than 400 litigators in the United States, Dentons' prominent team
of lawyers offers companies from all industries the talent and
experience to resolve a wide array of complex issues.

                           About Dentons

Dentons -- http://www.dentons.com/-- is a law firm driven to
provide a competitive edge in an increasingly complex and
interconnected world.  A top 20 firm on the Acritas 2015 Global
Elite Brand Index, Dentons is committed to challenging the status
quo in delivering consistent and uncompromising quality in new and
inventive ways.  Dentons' clients now benefit from 3,000 lawyers
and professionals in more than 80 locations spanning 50-plus
countries.  With a legacy of legal experience that dates back to
1742 and builds on the strengths of our foundational
firms—Salans, Fraser Milner Casgrain (FMC), SNR Denton and
McKenna Long & Aldridge—the Firm serves the local, regional and
global needs of private and public clients.


[*] External Tailwinds Lead to Limited Credit Uplift, Fitch Says
----------------------------------------------------------------
External tailwinds are unlikely to lead to a significant uplift in
Central America's creditworthiness, says Fitch Ratings in a new
special report.  While external finances and inflation across the
region have benefited from the U.S. recovery and lower oil prices,
the outlook for growth, public finances and structural issues is
more mixed.  Nonetheless, the new external backdrop could be a
stabilizing factor in credit trends in the region, especially given
the negative bias of ratings in recent years.  Currently, only one
country (Costa Rica) has a Negative Outlook.

After a decade-long commodity boom that benefited Latin America's
commodity exporters, low oil prices and stronger U.S. growth are
now creating a more positive environment for oil importers in
Central America and the Dominican Republic.  As a result, Fitch
expects regional growth of 4.3% in 2015-2017 to significantly
outperform the Latin American average of 0.7% during that period.

These tailwinds should support the dynamic economies of Panama and
the Dominican Republic, although some growth moderation is expected
on cooling domestic investment, while Costa Rica's economy is
slowing on the closure of Intel's microchip plant.  El Salvador and
Guatemala could sustain higher growth rates than seen in the past
decade, although structural bottlenecks from crime and human
capital continue to restrain growth potential.

'Economic recovery in the U.S. could generate positive spillovers
for the region due to strong linkages in terms of remittances,
exports, tourism and foreign direct investment,' said Shelly
Shetty, Head of Fitch's Latin America sovereign team.  'How
countries use the tailwinds to re-build buffers and policy space
and improve competitiveness through reforms will be key for credit
trends in the region,' added Shetty.

However, the Fed liftoff could tighten financing conditions and
increase currency volatility.  The greater reliance of sovereigns
and banks on external funding has increased the sensitivity to
adverse changes in external financing conditions in El Salvador and
Costa Rica.  The Dominican Republic could face challenges in the
context of limited exchange rate flexibility given its weak
external liquidity position.

Lower oil prices are expected to narrow regional current account
deficits to 3.2% in 2015-2017, from 5.2% in 2012-2014, and to
reduce inflation to 2.1% from 3.8%.  Cheaper energy could also
support consumption and investment by boosting the disposable
income of households and reducing production costs for firms, but
the impact will depend on different degrees of pass-through to
consumer prices and diversification of energy matrices.

The fiscal impact of cheaper oil will be mixed due to varying
energy subsidy and fuel tax schemes.  Fitch projects deficits to be
stable at an average 3.4% in 2015-2017 and debt to rise moderately
in most countries during the same period.  'Energy subsidy savings
in Panama and the Dominican Republic are creating fiscal space,
although this may mostly be use to accommodate other spending plans
rather than for deficit reduction' said Todd Martinez, Associate
Director in Fitch's sovereign team.  'High deficits in Costa Rica
and El Salvador could persist absent structural reforms,' added
Martinez.

A favorable external context for the region could improve
conditions for advancing reforms, reversing the deterioration in
credit metrics, but politics could get in the way.  Fiscal reforms
in Costa Rica and pension reform in El Salvador could face
legislative hurdles, as could institutional reforms to electoral
and public contracting laws in Guatemala and Panama.  The Dominican
government's legislative majority and broad popular support could
favor reform momentum after the May 2016 election.



[*] M&A Risks Remain Even as LBO Deals Decline, Fitch Says
----------------------------------------------------------
The current state of the mergers and acquisition (M&A) market poses
some risks for U.S. companies, despite the shift away from
leveraged buyout-driven (LBO) transactions, according to Fitch
Ratings.

Strategic M&A is a mixed bag in terms of risks and rating
implications.  The breakneck pace of strategic M&A activity
continues to increase the risk that U.S. companies will
overleverage balance sheets and/or miscalculate synergy prospects.
Consolidation has led to stronger competitive positions in some
cases (including operating synergies) while in others it has been a
driver of top line growth for industries facing secular challenges
and difficulty in growing revenues organically.

Total M&A volume in the loan market came very close to setting a
record high in 2014 ($457 billion versus $471 billion in 2007) and
is on pace to post similar numbers in 2015.  However, the
composition of this M&A cycle is significantly different from the
previous peak in 2007.  Fitch believes the decline in the share of
leveraged loan M&A issuance is primarily attributed to the drop in
LBO volumes.  LBO loan issuance of $95 billion in 2014 is less than
one-half of the $207 billion in LBO volume recorded in 2007.
September 2015 year-to-date LBO issuance of $57 billion is only a
fraction of the volume seen in the previous cycle peak.

Sector consolidations and strategic acquisitions have dominated the
recent M&A scene.  Companies have been able to successfully execute
M&A transactions by using large cash positions, investment-grade
financing, and their own equity.  Generally rich valuations can
make LBO returns unfavorable with the more limited leverage levels
associated with the current regulatory environment.  However,
strategic buyers can justify paying the higher multiples needed to
execute M&A transactions with their potentially greater ability to
shed significant costs and/or realize revenue opportunities.

Leveraged lending guidance has limited the amount of debt financial
sponsors can use to execute transactions.  Among the more explicit
guidelines, regulators have noted leverage levels above 6.0x as one
cause for concern.  High valuations and these restrictions on
highly leveraged deals have created more limited opportunities for
financial sponsors to complete deals.  Regulators appear to have
made an impact in this regard as the average leverage on LBO deals
completed through September 2015 is down to 6.1x from 7.1x in
2007.



[*] Moody's B3 Negative List Tops 220 on Oil & Gas Downgrades
-------------------------------------------------------------
The number of companies on the B3 Negative and Lower Corporate
Ratings List rose 8% to 223 quarter over quarter and roughly 27%
from a year ago, fueled primarily by downgrades of oil and gas
companies whose credit profiles have been stressed by low commodity
prices and volatility in the oil sector, says Moody's Investors
Service.

Currently, oil and gas companies comprise 23.8% of the list, up
from 19.3% last quarter and from 8.5% a year ago.

"Many of these oil and gas companies, particularly exploration and
production companies, are under liquidity pressure and have seen
their ratings downgraded," said Moody's analyst Julia Chursin.
"With this pressure remaining, we expect the number of energy
issuers on the list to keep growing."

In addition, more companies left the list via defaults than
upgrades for the third consecutive quarter. As with downgrades,
these defaults relate mostly to independent exploration and
production and oil field services companies under increasing cash
flow and earnings pressure. Most of the energy defaults earlier
this year were distressed exchanges, but as oil prices have slipped
back in the last few months, Moody's is starting to see
bankruptcies, including the recent filings by Samson Investment and
Hercules Offshore.

Excluding companies in the oil and gas sector, liquidity indicators
remain stable and reflect mostly benign credit conditions,
according to the report "Moody's B3 Negative and Lower Corporate
Ratings List: Oil & Gas Downgrades Continue to Fuel an Expanding
List."

Although the list has continued to increase since Q1 2014 and has
hit its highest reading since April 2010, it remains well shy of
its record high of 291 in April 2009. Moody's notes that the
drivers of the current uptick are fundamentally different from
those that led to the 2009 high and do not reflect overall credit
conditions among speculative-grade companies, but are currently
exclusive to oil and gas.


[*] Moody's: North American Covenant Quality Continues to Weaken
----------------------------------------------------------------
The covenant quality (CQ) of high-yield bonds in eight out of 11
North American non-financial corporate sectors deteriorated during
the past year, says Moody's Investors Service. The average CQ score
for high-yield bonds weakened to 4.29 from the 4.17 recorded for
the 12 months ended 30 September 2014.

Moody's measures bond covenant quality on a five-point scale, with
1.0 denoting the strongest investor protections and 5.0, the
weakest.

"Covenants weakened the most in the paper, packaging and forest
products sector, followed by the technology sector, owing to a
surge in the issuance of high-yield lite bonds as well as a
corresponding decline in the overall CQ score for full-package
bonds," said Moody's Associate Analyst Irina Brooklier.

High-yield lite bonds automatically receive a score of 5.0 and so a
rise in the percentage of such issuance weakens sector scores.
Moody's notes that the paper, packaging and forest products sector
issued the largest percentage of HY-lite covenant packages.

According to the report, "Moody's Quarterly Covenant Quality Sector
Report Protection Weakens Across Eight Sectors As Overall Quality
Declines," bond covenants improved the most in the construction and
homebuilding sector, followed by the telecommunications and
healthcare sector.

"The covenant quality improvement across these three sectors
reflects the drop in the percentage of high-yield lite issuance
here and, for telecommunications specifically, the strength of
low-rated issuances from Consolidated Communications Finance II Co.
and Cogent Communications Group, Inc.," said Moody's Vice President
- Senior Covenant Officer Evan Friedman.



[*] Supreme Court May Weigh In on Student Debt Battle
-----------------------------------------------------
Natalie Kitroeff at Bloomberg Business reported that Mark Tetzlaff
appealed his case to the Supreme Court.  Mr. Tetzlaff has spent
three years battling lawyers for the Department of Education over
the right to have his student loans canceled in bankruptcy.

Mr. Tetzlaff is a 57-year-old recovering alcoholic who has been
convicted on misdemeanor victim intimidation and domestic abuse. He
may also be the person with the best shot at upending the way U.S.
courts treat student debt for bankrupt borrowers.  

If the nation's highest court takes the case on, it will be one of
the rare occasions when it has addressed the $1.3 trillion pile of
student debt held by 41 million Americans.  Mr. Tezlaff also got a
new attorney after representing himself for most of his case.  The
lawyer, Douglas Hallward-Driemeier, successfully argued part of the
landmark June case that made same-sex marriage a legal right in all
50 states.  Hallward-Driemeier and his team have asked the court to
clarify 1970s-era rules that prevent borrowers from getting rid of
education debt in bankruptcy, except in cases in which repaying it
would constitute an "undue hardship."

Lawmakers never fully defined "undue hardship," leaving it to the
courts to define these special, and rare, circumstances in
individual cases.  Mr. Tetzlaff has said that the standard being
applied to his case is unconstitutional.

The Supreme Court may be tempted to consider the case partly
because it would be able to resolve a split between federal courts
in their interpretation of the law, according to court documents.
Courts disagree mainly on which of two tests should be used to
determine whether someone can erase his or her debt in bankruptcy.
The so-called Brunner test is used in most federal courts and was
applied in Tetzlaff's case.  It is the strictest version of the
standard because it requires debtors to prove that they have
diligently tried to repay their loans, that making any payments
would deprive them of a "minimal" standard of living, and that the
hardship affecting them today will persist long into the future.
Over the past two decades, lawyers arguing on behalf of the
government have further pushed courts to take the most stringent
view of each one of those components.

Mr. Tezlaff's legal team has said the Supreme Court should instead
apply a less harsh alternative to the Brunner test, known as the
"totality of the circumstances" test, which has been gaining ground
in courts across the country.  That option does not require debtors
to show that people have made "good faith" efforts to pay back
their loans or that their lives will be characterized by
unmitigated financial pain for the foreseeable future.

A federal court in Chicago has said Tetzlaff needs to show his
future will be characterized by a "certainty of hopelessness, not
simply a present inability to fulfill financial commitment."

Mr. Tetzlaff has argued that the standard applied must be whether
he can reasonably expect his life to get better, not whether he is
certain it will get worse.

Forecasting someone's life prospects is never easy, but it is a
particularly tricky exercise in Mr. Tetzlaff's case.  The
Wisconsinite accumulated $260,000 in student debt after getting an
MBA at Marquette University; then attending, but not graduating
from, law school at DePaul University; and finally finishing his
law degree at the for-profit Florida Coastal School of Law.  He
failed the bar exam twice.  He has been out of work since 2004 and
says he cannot get employed anywhere because employers repeatedly
reject him on the basis of his criminal record.  He now lives with
his 86-year-old mother, and the two survive on her Social Security
income.

Mr. Tetzlaff's lawyers say the courts have become increasingly
imaginative in their interpretation of undue hardship.  The
criteria used to judge whether someone is worthy of bankruptcy have
been transformed "into an unforgiving and strict requirement with
no rational connection to the statutory text."


[^] BOND PRICING: For the Week from October 19 to 23, 2015
----------------------------------------------------------
  Company               Ticker  Coupon Bid Price  Maturity Date
  -------               ------  ------ ---------  -------------
ACE Cash Express Inc    AACE    11.000    35.000       2/1/2019
ACE Cash Express Inc    AACE    11.000    37.650       2/1/2019
AM Castle & Co          CAS      7.000    57.375     12/15/2017
Affinion Group
  Holdings Inc          AFFINI  11.625    95.244     11/15/2015
Affinion
  Investments LLC       AFFINI  13.500    37.000      8/15/2018
Alpha Appalachia
  Holdings Inc          ANR      3.250     4.250       8/1/2015
Alpha Natural
  Resources Inc         ANR      9.750     3.750      4/15/2018
Alpha Natural
  Resources Inc         ANR      6.000     3.600       6/1/2019
Alpha Natural
  Resources Inc         ANR      6.250     3.750       6/1/2021
Alpha Natural
  Resources Inc         ANR      7.500     6.750       8/1/2020
Alpha Natural
  Resources Inc         ANR      3.750     3.500     12/15/2017
Alpha Natural
  Resources Inc         ANR      4.875     3.500     12/15/2020
Alpha Natural
  Resources Inc         ANR      7.500     7.000       8/1/2020
Alpha Natural
  Resources Inc         ANR      7.500     6.625       8/1/2020
American Eagle
  Energy Corp           AMZG    11.000    19.375       9/1/2019
American Eagle
  Energy Corp           AMZG    11.000    19.375       9/1/2019
Arch Coal Inc           ACI      7.000     2.486      6/15/2019
Arch Coal Inc           ACI      9.875     3.000      6/15/2019
Arch Coal Inc           ACI      7.250     4.926      6/15/2021
Arch Coal Inc           ACI      7.250     3.250      10/1/2020
Arch Coal Inc           ACI      8.000     9.510      1/15/2019
Arch Coal Inc           ACI      8.000    11.645      1/15/2019
BPZ Resources Inc       BPZR     8.500     8.000      10/1/2017
BPZ Resources Inc       BPZR     6.500    10.250       3/1/2015
BPZ Resources Inc       BPZR     6.500     8.000       3/1/2049
Basic Energy
  Services Inc          BAS      7.750    40.000      2/15/2019
Caesars Entertainment
  Operating Co Inc      CZR     10.000    30.250     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    28.063       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR      6.500    37.313       6/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     12.750    30.750      4/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      5.750    43.000      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR     10.000    30.750     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR      5.750    12.250      10/1/2017
Caesars Entertainment
  Operating Co Inc      CZR     10.000    29.750     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.000    30.000     12/15/2018
Caesars Entertainment
  Operating Co Inc      CZR     10.750    29.375       2/1/2016
Caesars Entertainment
  Operating Co Inc      CZR     10.000    29.750     12/15/2018
Chaparral Energy Inc    CHAPAR   9.875    37.500      10/1/2020
Chassix Holdings Inc    CHASSX  10.000     8.000     12/15/2018
Chassix Holdings Inc    CHASSX  10.000     8.000     12/15/2018
Claire's Stores Inc     CLE      8.875    41.215      3/15/2019
Claire's Stores Inc     CLE      7.750    31.500       6/1/2020
Claire's Stores Inc     CLE     10.500    59.980       6/1/2017
Claire's Stores Inc     CLE      7.750    31.500       6/1/2020
Cliffs Natural
  Resources Inc         CLF      5.950    53.250      1/15/2018
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750     9.000     11/15/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750     3.289     11/15/2017
Colt Defense LLC /
  Colt Finance Corp     CLTDEF   8.750     3.289     11/15/2017
Community Choice
  Financial Inc         CCFI    10.750    30.635       5/1/2019
Comstock Resources Inc  CRK      7.750    26.622       4/1/2019
Comstock Resources Inc  CRK      9.500    31.500      6/15/2020
Constellation
  Enterprises LLC       CONENT  10.625    63.000       2/1/2016
Constellation
  Enterprises LLC       CONENT  10.625    62.625       2/1/2016
Dendreon Corp           DNDN     2.875    71.625      1/15/2016
Dex Media Inc           DXM     12.000     3.100      1/29/2017
Dow Chemical Co/The     DOW      2.350   100.000      5/15/2020
Dow Chemical Co/The     DOW      3.550    99.900      5/15/2024
EPL Oil & Gas Inc       EXXI     8.250    34.000      2/15/2018
EXCO Resources Inc      XCO      7.500    33.180      9/15/2018
EXCO Resources Inc      XCO      8.500    25.000      4/15/2022
Edgen Murray Corp       EDG      8.750   107.188      11/1/2020
Emerald Oil Inc         EOX      2.000    30.050       4/1/2019
Endeavour
  International Corp    END     12.000    11.500       3/1/2018
Endeavour
  International Corp    END     12.000     9.250       3/1/2018
Endeavour
  International Corp    END     12.000     9.250       3/1/2018
Energy & Exploration
  Partners Inc          ENEXPR   8.000    15.500       7/1/2019
Energy & Exploration
  Partners Inc          ENEXPR   8.000    14.000       7/1/2019
Energy Conversion
  Devices Inc           ENER     3.000     7.875      6/15/2013
Energy Future
  Holdings Corp         TXU      9.750    32.625     10/15/2019
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc           TXU     10.000     2.375      12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc           TXU     10.000     2.186      12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc           TXU      6.875     2.186      8/15/2017
Energy XXI Gulf
  Coast Inc             EXXI     9.250    36.287     12/15/2017
Energy XXI Gulf
  Coast Inc             EXXI     7.500    20.500     12/15/2021
Energy XXI Gulf
  Coast Inc             EXXI     6.875    20.500      3/15/2024
Energy XXI Gulf
  Coast Inc             EXXI     7.750    25.000      6/15/2019
Exide Technologies      XIDE     8.625     2.000       2/1/2018
FBOP Corp               FBOPCP  10.000     1.843      1/15/2009
FairPoint
  Communications
  Inc/Old               FRP     13.125     1.879       4/2/2018
Federal Farm
  Credit Banks          FFCB     0.640    99.628     11/29/2016
Federal Home
  Loan Banks            FHLB     2.350    99.391      1/30/2023
Federal Home
  Loan Banks            FHLB     2.350    99.589      1/30/2023
Fleetwood
  Enterprises Inc       FLTW    14.000     3.557     12/15/2011
GT Advanced
  Technologies Inc      GTAT     3.000    16.600      10/1/2017
GT Advanced
  Technologies Inc      GTAT     3.000    15.750     12/15/2020
Getty Images Inc        GYI      7.000    31.250     10/15/2020
Getty Images Inc        GYI      7.000    31.200     10/15/2020
Goodman Networks Inc    GOODNT  12.125    41.530       7/1/2018
Goodrich
  Petroleum Corp        GDP      8.875    17.125      3/15/2019
Goodrich
  Petroleum Corp        GDP      5.000    22.500      10/1/2032
Goodrich
  Petroleum Corp        GDP      8.875    19.000      3/15/2019
Goodrich
  Petroleum Corp        GDP      8.875    19.000      3/15/2019
Gymboree Corp/The       GYMB     9.125    33.288      12/1/2018
Halcon Resources Corp   HKUS     9.750    31.750      7/15/2020
Halcon Resources Corp   HKUS     8.875    33.250      5/15/2021
Halcon Resources Corp   HKUS     9.250    33.500      2/15/2022
Hercules Offshore Inc   HERO     8.750    56.834      7/15/2021
Hercules Offshore Inc   HERO     6.750    20.500       4/1/2022
Hercules Offshore Inc   HERO     7.500    16.500      10/1/2021
Hercules Offshore Inc   HERO    10.250    19.875       4/1/2019
Hercules Offshore Inc   HERO     7.500    16.500      10/1/2021
Hercules Offshore Inc   HERO     6.750    20.500       4/1/2022
Hercules Offshore Inc   HERO     8.750    19.875      7/15/2021
Hercules Offshore Inc   HERO    10.250    19.875       4/1/2019
Hewlett-Packard Co      HPQ      2.600   101.808      9/15/2017
Hewlett-Packard Co      HPQ      3.000   101.850      9/15/2016
Hewlett-Packard Co      HPQ      5.500   109.493       3/1/2018
Hewlett-Packard Co      HPQ      3.300   102.064      12/9/2016
Hewlett-Packard Co      HPQ      5.400   105.212       3/1/2017
Horsehead Holding Corp  ZINC     3.800    61.900       7/1/2017
Interactive
  Network Inc /
  FriendFinder
  Networks Inc          FFNT    14.000    56.250     12/20/2018
Joy Global Inc          JOY      6.000   104.528     11/15/2016
Key Energy
  Services Inc          KEG      6.750    27.750       3/1/2021
Las Vegas Monorail Co   LASVMC   5.500     5.000      7/15/2019
Lehman Brothers
  Holdings Inc          LEH      4.000     6.125      4/30/2009
Lehman Brothers
  Holdings Inc          LEH      5.000     6.125       2/7/2009
Lehman Brothers Inc     LEH      7.500     6.000       8/1/2026
Linc USA GP /
  Linc Energy
  Finance USA Inc       LNCAU   12.500     8.000     10/31/2017
Linn Energy LLC /
  Linn Energy
  Finance Corp          LINE     8.625    28.250      4/15/2020
Linn Energy LLC /
  Linn Energy
  Finance Corp          LINE     6.500    27.750      5/15/2019
Linn Energy LLC /
  Linn Energy
  Finance Corp          LINE     7.750    27.000       2/1/2021
Linn Energy LLC /
  Linn Energy
  Finance Corp          LINE     6.250    27.935      11/1/2019
Linn Energy LLC /
  Linn Energy
  Finance Corp          LINE     6.500    25.000      9/15/2021
Linn Energy LLC /
  Linn Energy
  Finance Corp          LINE     6.250    25.375      11/1/2019
Linn Energy LLC /
  Linn Energy
  Finance Corp          LINE     6.250    25.375      11/1/2019
MF Global
  Holdings Ltd          MF       6.250    12.000       8/8/2016
MF Global
  Holdings Ltd          MF       3.375    12.000       8/1/2018
MF Global
  Holdings Ltd          MF       9.000    12.000      6/20/2038
MModal Inc              MODL    10.750    10.125      8/15/2020
Magnetation LLC /
  Mag Finance Corp      MAGNTN  11.000    25.000      5/15/2018
Magnetation LLC /
  Mag Finance Corp      MAGNTN  11.000    24.750      5/15/2018
Magnetation LLC /
  Mag Finance Corp      MAGNTN  11.000    24.750      5/15/2018
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC      MPO     10.750    20.500      10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC      MPO      9.250    21.000       6/1/2021
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC      MPO     10.750    20.750      10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC      MPO     10.750    20.750      10/1/2020
Molycorp Inc            MCP     10.000     5.250       6/1/2020
New Gulf
  Resources LLC/
  NGR Finance Corp      NGREFN  12.250    31.250      5/15/2019
New Gulf
  Resources LLC/
  NGR Finance Corp      NGREFN  12.250    31.000      5/15/2019
New Gulf
  Resources LLC/
  NGR Finance Corp      NGREFN  12.250    28.000      5/15/2019
Nine West Holdings Inc  JNY      6.875    34.125      3/15/2019
Noranda Aluminum
  Acquisition Corp      NOR     11.000    27.800       6/1/2019
Nuverra Environmental
  Solutions Inc         NES      9.875    54.893      4/15/2018
OMX Timber Finance
  Investments II LLC    OMX      5.540    12.800      1/29/2020
Peabody Energy Corp     BTU      6.000    31.110     11/15/2018
Peabody Energy Corp     BTU      6.500    22.980      9/15/2020
Peabody Energy Corp     BTU      6.250    21.750     11/15/2021
Peabody Energy Corp     BTU      7.875    21.096      11/1/2026
Peabody Energy Corp     BTU      6.000    89.000     11/15/2018
Peabody Energy Corp     BTU      6.000    30.125     11/15/2018
Peabody Energy Corp     BTU      6.250    21.750     11/15/2021
Peabody Energy Corp     BTU      6.250    21.750     11/15/2021
Penn Virginia Corp      PVA      8.500    29.000       5/1/2020
Penn Virginia Corp      PVA      7.250    26.000      4/15/2019
Permian Holdings Inc    PRMIAN  10.500    41.250      1/15/2018
Permian Holdings Inc    PRMIAN  10.500    40.875      1/15/2018
Powerwave
  Technologies Inc      PWAV     2.750     0.274      7/15/2041
Powerwave
  Technologies Inc      PWAV     3.875     0.250      10/1/2027
Powerwave
  Technologies Inc      PWAV     3.875     0.250      10/1/2027
Powerwave
  Technologies Inc      PWAV     1.875     0.250     11/15/2024
Powerwave
  Technologies Inc      PWAV     1.875     0.250     11/15/2024
Prospect Holding
  Co LLC / Prospect
  Holding Finance Co    PRSPCT  10.250    52.500      10/1/2018
Prospect Holding
  Co LLC / Prospect
  Holding Finance Co    PRSPCT  10.250    38.060      10/1/2018
Quality
  Distribution LLC /
  QD Capital Corp       QLTY     9.875   103.050      11/1/2018
Quantum Corp            QTM      3.500    98.293     11/15/2015
Quicksilver
  Resources Inc         KWKA     9.125     6.250      8/15/2019
Quicksilver
  Resources Inc         KWKA    11.000     6.500       7/1/2021
Quiksilver Inc /
  QS Wholesale Inc      ZQK     10.000     8.500       8/1/2020
RAAM Global Energy Co   RAMGEN  12.500     6.000      10/1/2015
Rolta LLC               RLTAIN  10.750    55.375      5/16/2018
Sabine Oil & Gas Corp   SOGC     7.250    14.250      6/15/2019
Sabine Oil & Gas Corp   SOGC     9.750     9.500      2/15/2017
Sabine Oil & Gas Corp   SOGC     7.500    14.750      9/15/2020
Sabine Oil & Gas Corp   SOGC     7.500    13.375      9/15/2020
Sabine Oil & Gas Corp   SOGC     7.500    13.375      9/15/2020
Samson Investment Co    SAIVST   9.750     1.500      2/15/2020
SandRidge Energy Inc    SD       7.500    24.745      3/15/2021
SandRidge Energy Inc    SD       8.125    24.500     10/15/2022
SandRidge Energy Inc    SD       8.750    28.000      1/15/2020
SandRidge Energy Inc    SD       7.500    22.750      2/15/2023
SandRidge Energy Inc    SD       8.125    26.260     10/16/2022
SandRidge Energy Inc    SD       7.500    25.320      2/16/2023
SandRidge Energy Inc    SD       7.500    24.875      3/15/2021
SandRidge Energy Inc    SD       7.500    24.875      3/15/2021
Savient
  Pharmaceuticals Inc   SVNT     4.750     0.225       2/1/2018
Sequa Corp              SQA      7.000    52.650     12/15/2017
Sequa Corp              SQA      7.000    52.375     12/15/2017
SquareTwo
  Financial Corp        SQRTW   11.625    64.300       4/1/2017
Swift Energy Co         SFY      7.875    27.510       3/1/2022
Swift Energy Co         SFY      7.125    27.060       6/1/2017
Swift Energy Co         SFY      8.875    28.600      1/15/2020
TMST Inc                THMR     8.000    14.750      5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc           TALPRO   9.750    50.750      2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc           TALPRO   9.750    51.000      2/15/2018
Terrestar
  Networks Inc          TSTR     6.500    10.000      6/15/2014
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     11.500    36.250      10/1/2020
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000     9.625       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500     9.500      11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     11.500    37.750      10/1/2020
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     15.000     9.500       4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc           TXU     10.500     9.125      11/1/2016
Venoco Inc              VQ       8.875    17.600      2/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.750    19.500      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.750    23.000      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.750    12.850      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.375    15.000       8/1/2016
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     13.000     9.000       8/1/2020
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS      8.750     9.250       2/1/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     13.000     9.000       8/1/2020
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.750    23.375      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.750    13.500      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.750    13.500      1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc       VRS     11.750    23.375      1/15/2019
Walter Energy Inc       WLTG     9.500    32.375     10/15/2019
Walter Energy Inc       WLTG    11.000     2.500       4/1/2020
Walter Energy Inc       WLTG     8.500     0.250      4/15/2021
Walter Energy Inc       WLTG     9.500    32.250     10/15/2019
Walter Energy Inc       WLTG    11.000     2.790       4/1/2020
Walter Energy Inc       WLTG     9.500    32.250     10/15/2019
Walter Energy Inc       WLTG     9.500    32.250     10/15/2019
Warren Resources Inc    WRES     9.000    20.500       8/1/2022
Warren Resources Inc    WRES     9.000    22.625       8/1/2022
Warren Resources Inc    WRES     9.000    22.625       8/1/2022
iHeartCommunications
  Inc                   IHRT    10.000    54.750      1/15/2018
iHeartCommunications
  Inc                   IHRT    10.000    74.438      1/15/2018
iHeartCommunications
  Inc                   IHRT    10.000    54.250      1/15/2018


                            *********

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 ***