TCR_Public/151027.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, October 27, 2015, Vol. 19, No. 300

                            Headlines

1SOLTECH INC: Inks $7.7M Settlement with Texas AG
AFFORDABLE MED: Case Summary & 20 Largest Unsecured Creditors
AGE REFINING: 5th Cir. Affirms Plan Confirmation Order
ALLEGHENY TECHNOLOGIES: S&P Lowers CCR to 'BB-', Outlook Stable
AMNEAL PHARMACEUTICALS: S&P Raises CCR to 'BB-', Outlook Stable

ARRHYTHMIA TREATMENT: Case Summary & 2 Top Unsecured Creditors
ASBURY AUTOMOTIVE: Moody's Rates $200MM Sr. Notes Increase 'B1'
ASBURY AUTOMOTIVE: S&P Retains 'BB' Notes Rating on $200MM Add-On
ATLANTIC & PACIFIC: Key Food to Buy Assets in 15 Stores
BATTLE CREEK: Qualifies as 'Single Asset Real Estate,' Judge Rules

BERNARD L. MADOFF: Trustee Requests Release of Customer Fund
BERNARD L. MADOFF: Trustee, Thybo Feeder Funds Settle Claims
BESRA GOLD: Commences Restructuring Proceedings in Canada
BLACK ELK: Seeks to Donate Eugene Island 261-A Jacket to Louisiana
BLACK ELK: Seeks to Donate Eugene Island Platform to Louisiana

BOISE GUN: Case Summary & 20 Top Unsecured Creditors
BULLIONDIRECT INC: Amends List of 20 Largest Unsecured Creditors
CAL DIVE: Bielli & Klauder to Serve as Counsel for Fee Examiner
CENTRAL OKLAHOMA: Balks at Homeland Insurance's Examiner Bid
CLINICA REAL: SFIC's Bid to Appoint Ch. 11 Trustee Denied

COUNTRY STONE: First Midwest Seeks Plan Clarification
COYNE INTERNATIONAL: Workers Face Pension Plan Cuts
CRS ELECTRONICS: Placed Under Receivership Following Loan Default
DOMARK INTERNATIONAL: Hires Michael Studer CPA as New Accountants
DOMARK INTERNATIONAL: Incurs $1.4-Mil. Net Loss in Aug. 31 Qtr.

DOMUM LOCIS: Seeks Approval of Kilroy Debt for U.S. Trustee Fees
DRD TECHNOLOGIES: Has Until Oct. 31 to File Plan
DUTCH LLC: S&P Affirms 'B' CCR Then Withdraws Rating
ENDEAVOUR INT'L: $398 Million Credit Bid Approved
ENDEAVOUR INT'L: Dismissal Okayed After $3.2M UCC Settlement

ENSECO ENERGY: Chapter 15 Case Summary
ERF WIRELESS: Signs Purchase Agreement with NetWrk Access
FEDERAL RESOURCES: Wants Until Feb. 16 to Solicit Plan Votes
FRONTIER STAR: Court Orders Joint Administration of Ch. 11 Cases
GENIUS BRANDS: Michael Handelman Continues to Serve as CFO

GREAT BASIN: Gets Grace Period to Comply with NASDAQ Listing Rules
GREAT LAKES: S&P Lowers CCR to 'B-'; Outlook Developing
HDGM ADVISORY: Has Until Dec. 27 to Solicit Plan Acceptances
HERCULES OFFSHORE: Morris Nichols Approved as Delaware Co-Counsel
HERCULES OFFSHORE: S&P Gives Prelim. CCC+ Rating on New $450MM Loan

HOWREY LLP: Ch 11 Trustee, Creditors Panel Want Case Back to Ch 7
HOWREY LLP: Creditors' Former Counsel Can't Contest Slashed Fees
IFS FINANCIAL: 5th Cir. Affirms Order Removing Ch. 7 Trustee
IMMOKALEE TOMATO: Case Summary & 3 Largest Unsecured Creditors
JAN SCHMALENBERG: Objection to Westside Bank's $1MM Claim Denied

LAWRENCE KATES: Order Denying Post-Confirmation Claim Affirmed
LIFE UNIVERSITY, GA: Moody's Affirms Ba3 Rating on 2008 Bonds
LPHM INC: Case Summary & 12 Largest Unsecured Creditors
M PHARMA: Reaches Settlement with Creditors on Accounts Payable
MARINA DISTRICT: Moody's Assigns B2 Rating on $650MM Loan Due 2023

MATTRESS MATTERS: Case Summary & 20 Largest Unsecured Creditors
MCGEE EQUIPMENT: Case Summary & 20 Largest Unsecured Creditors
METROPOLITAN INDUSTRIAL: Case Summary & 20 Top Unsecured Creditors
MISSION NEW ENERGY: Annual General Meeting Set for Nov. 25
MISSISSIPPI PHOSPHATES: Horne LLP OK'd as Accountants and Auditors

MOLYCORP INC: Seeks Jan. 2016 Extension of Plan Filing Date
NAB HOLDINGS: Moody's Affirms B1 CFR & Changes Outlook to Negative
NATGASOLINE LLC: S&P Assigns Prelim. 'BB-' Rating on $1.16BB Debt
NEW DIMENSIONS: Case Summary & 8 Largest Unsecured Creditors
NORTH AMERICAN TUNGSTEN: Terminates Amended SISP, CCAA Stayed

NYDJ APPAREL: S&P Lowers Corporate Credit Rating to 'SD'
OW BUNKER: UST Balks at Plan's Treatment of Unsecureds, Release
QUANTUM FOODS: UST Balks at Committee Retention of FGMK
REICHHOLD HOLDINGS: Deadline to Remove Suits Extended to Feb. 24
RELATIVITY MEDIA: Hearing Today on VII Peaks Dispute

RELATIVITY MEDIA: Investor Group Completes Acquisition of TV Biz
RELATIVITY MEDIA: Kavanaugh-Led Group Completes Acquisition
RELATIVITY MEDIA: Statement on Recent Acquisition
RELATIVITY MEDIA: Wants Infiltrator Film Deal With Producer Okayed
RELATIVITY MEDIA: Will Get $29MM From Joseph Nicholas

RYDER MEMORIAL: S&P Revises Outlook to Neg. & Affirms 'BB-' Rating
SABRE INDUSTRIES: S&P Affirms 'B' Corp. Credit Rating
SILVERADO STREET: Voluntary Chapter 11 Case Summary
SKYSTAR BIO-PHARMACEUTICAL: Receives Nasdaq Delisting Notice
STANDARD REGISTER: Hearing on Plan, Disclosures Set for Nov. 19

STANDARD REGISTER: Says Pennsylvania Tax Liability Must Be Slashed
STANDARD REGISTER: Sets Nov. 13 as Pension Claims Bar Date
STANDARD REGISTER: To Sell Terre Haute Property for $149,082
THANE INTERNATIONAL: Chapter 15 Case Summary
THANE INTERNATIONAL: Chapter 15 Petition Filed in Delaware

THANE INTERNATIONAL: Files Confidential Appendices Under Seal
THANE INTERNATIONAL: Joint Administration of Cases Sought
THANE INTERNATIONAL: Receiver Seeks Stay of U.S. Actions
TIANYIN PHARMA: Receives NYSE MKT Listing Non-Compliance Notice
TOWER PARK: 9th Circ. Affirms Dismissal of Family Trust's Suit

TRANS-INDUSTRIES INC: ERISA Suit Partially Dismissed
TRI-UNION: Insurance Co. Directed to Pay $3.9MM to DOI
TURKEY LAKE: Premier Laser Spa Chain Files for Ch 11 Bankruptcy
UNITED APOSTOLIC CHURCH: Case Summary & 16 Top Unsecured Creditors
UNITED DISTRIBUTION: S&P Revises Outlook to Neg. & Affirms B- CCR

VERITEQ CORP: Assets to Be Auctioned Off by Magna on Nov. 2
VITRO SAB: Order Enforcing Plan Confirmation Affirmed
WRIGHTWOOD RANCH: Walter & Wilhelm Won't Get Evergreen Retainer
ZUCKER GOLDBERG: Wants to Reject Agreements with Bear Mountainside
[*] BTG Launches Cloud Practice for "Turnaround" Process

[^] Large Companies with Insolvent Balance Sheet

                            *********

1SOLTECH INC: Inks $7.7M Settlement with Texas AG
-------------------------------------------------
Jess Davis at Bankruptcy Law360 reported that the Texas attorney
general's office has reached a $7.7 million agreement with a
bankrupt solar panel manufacturer to settle claims the company
wrongly marketed its products as made in the U.S. when they were
actually imported from China, according to a motion seeking
approval of the deal.

A week after the state's case against solar firm 1SolTech Inc. was
set for trial, the trustee for 1SolTech on Oct. 13 sought approval
for a deal that would pay $2.7 million to consumers.

                       About 1SolTech, Inc.

Plano, Texas-based 1SolTech, Inc., filed for Chapter 11 protection
(Bankr. E.D. Tex Case No. 14-42187) on Oct. 13, 2014.  The petition
was signed by Zak Fardi, executive vice president.

Joyce W. Lindauer, Esq., at Attorney at Law & Mediator represents
the Debtor in their restructuring effort.

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



AFFORDABLE MED: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Affordable Med Scrubs LLC
           dba AMS Uniforms
           fdba AMS Retail, LLC
        2190 Allentown Road
        Lima, OH 45805

Case No.: 15-33448

Chapter 11 Petition Date: October 24, 2015

Court: United States Bankruptcy Court
       Northern District of Ohio (Toledo)

Judge: Hon. Mary Ann Whipple

Debtor's Counsel: James M. Perlman, Esq.
                  416 N Erie Street, #100
                  Toledo, OH 43604
                  Tel: (419) 724-1776
                  Email: jperl@bex.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert Zubrow, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ohnb15-33448.pdf


AGE REFINING: 5th Cir. Affirms Plan Confirmation Order
------------------------------------------------------
The United States Court of Appeals for the Fifth Circuit affirmed
the District Court's Judgment affirming the Bankruptcy Court's
Orders, including an order approving the Chapter 11 plan of Age
Refining, Inc.

The Official Committee of Unsecured Creditors appealed a
consolidated district court judgment affirming several bankruptcy
court judgments.  The bankruptcy court approved a Rule 9019
settlement, denied a motion to value a secured claim, denied an
objection to an allowed claim, and approved a Chapter 11 cramdown
plan.

The appeals are THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS,
Appellant, v. ERIC J. MOELLER, Chapter 11 Trustee for AGE Refining,
Incorporated, Appellee, In the Matter of: AGE REFINING,
INCORPORATED, Debtor; THE OFFICIAL COMMITTEE OF UNSECURED
CREDITORS, Appellant, v. CHASE CAPITAL CORPORATION; LIQUIDATING
TRUSTEE RANDOLPH N. OSHEROW, Appellees, In the Matter of: AGE
REFINING, INCORPORATED, Debtor; and THE OFFICIAL COMMITTEE OF
UNSECURED CREDITORS, Appellant, v. RANDOLPH N. OSHEROW, Chapter 11
Trustee, Appellee, In the Matter of: AGE REFINING, INCORPORATED,
Debtor, NO. 14-50046 (5th Cir.).

A full-text copy of the Fifth Circuit's Opinion dated September 16,
2015, is available at http://is.gd/MhgYgafrom Leagle.com.

                        About Age Refining

Age Refining, Inc. owned a refinery in San Antonio, Texas.  It
manufactured, refined and marketed jet fuels, diesel products,
solvents and other highly specialized fuels.

The Company filed for Chapter 11 bankruptcy protection (Bankr.
W.D. Tex. Case No. 10-50501) on Feb. 8, 2010.  The Company
estimated $10 million to $50 million in assets and $100 million to
$500 million in liabilities in its bankruptcy petition.  David S.
Gragg, Esq., and Steven R. Brook, Esq., at Langley & Banack,
Incorporated, in San Antonio, Texas, represent Eric J. Moeller,
Chapter 11 Trustee, as general counsel.

Eric Moeller has been named chapter 11 trustee to take management
of the Debtor from CEO Glen Gonzalez.  In November 2010, the
trustee filed suit against Mr. Gonzalez, alleging he breached his
fiduciary duty by dipping into Company coffers for his personal
use while paying himself an excessive salary and stock
distributions.

David S. Gragg, Esq., Steven R. Brook, Esq., Natalie F. Wilson,
Esq., and Allen M. DeBard, Esq., at Langley & Banack, Inc., in San
Antonio, Tex., serve as general counsel to the Chapter 11 Trustee.

The effective date for Age Refining's Chapter 11 plan occurred or
on Jan. 20, 2012.  The Plan received confirmation from the
Bankruptcy Court on Dec. 9, 2011.


ALLEGHENY TECHNOLOGIES: S&P Lowers CCR to 'BB-', Outlook Stable
---------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on Pittsburgh-based Allegheny Technologies Inc. to
'BB-' from 'BB+'.  The outlook is stable.

At the same time, S&P lowered its issue-level rating on the
company's senior unsecured notes to 'BB-' from 'BB+'.  The recovery
rating on the unsecured notes remains '3', indicating S&P's
expectation for meaningful (50% to 70%; lower half of the range)
recovery in the event of a payment default.

"The stable outlook reflects our expectation that the company will
maintain credit measures consistent with a highly leveraged
financial risk profile, with debt to EBITDA expected to be roughly
6.5x in the next 12 months," said Standard & Poor's credit analyst
William Ferara.  "ATI is being pressured by a weak pricing
environment and demand trends; however, cost reduction efforts and
additional long-term agreements in the aerospace segment could
provide incremental improvement throughout 2016."

S&P could lower the rating if the company's business risk position
deteriorates or S&P expects debt to EBITDA will be sustained above
8x throughout 2015 and 2016.  This could occur if shipments to
ATI's key aerospace, energy, or other markets continue to weaken,
competitive pressures further erode prices and margins, or it does
not achieve targeted cost reductions.

S&P could raise the rating if ATI is able to improve its operating
and financial performance.  Specifically, S&P would look for debt
to EBITDA to be less than 5x.  S&P views this scenario to be less
likely over the next year given its expectation for continued
pricing pressure and challenging demand conditions in this
timeframe.



AMNEAL PHARMACEUTICALS: S&P Raises CCR to 'BB-', Outlook Stable
---------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating and issue-level rating on Bridgewater, N.J.-based Amneal
Pharmaceuticals LLC to 'BB-' from 'B+'.  The outlook is stable.

The recovery rating on the senior secured debt remains '4',
indicating expectations of average (30% to 50%; at the high end of
the range) recovery in the event of a payment default.

"The upgrade reflects Amneal's performance that, to date in 2015,
has allowed the company to achieve leverage below 4x, despite
higher debt incurred earlier in 2015 to fund a dividend," said
Standard & Poor's credit analyst Michael Berrian.  The performance
stems predominantly from organic growth that includes contribution
from four new product launches and price increases of certain
existing products.  Amneal is vertically integrated for almost
one-third of its products and has self-manufacturing capabilities
for multiple dosage forms.  S&P expects that future operating
trends will continue to allow Amneal to finance shareholder returns
and capital spending with leverage around 4x.  Modest leverage and
solid operating performance contribute to S&P's belief that it is
more comparable to 'BB-' rated peers than peers in the 'B'
category.

The stable outlook reflects S&P's expectation that continued
revenue and EBITDA growth will result in leverage being sustained
at about 4x over the next year.  Concurrent with that would be
Amneal's ability to generate free cash flow in excess of $50
million in 2016.

S&P could lower the rating if the company's competitive position
weakens such that leverage is likely to be sustained above 4.0x
over four quarters with limited prospects for improvement.  S&P
estimates that this could occur if, at its current revenue
expectations of 8% in 2016, EBITDA margins decline by 200 basis
points.  This scenario could materialize if Amneal is unable to
successfully commercialize new products, or if product competition
is greater than S&P expects.  It could also occur if manufacturing
disruptions cause a delay in growth and competitive position.  In
this scenario, the higher leverage and weakened competitive
position would support S&P's belief that Amneal's credit risk
profile is similar to 'B' category rated peers.

A higher rating is unlikely over the next year.  This stems from
S&P's belief that a stronger rating is predicated on both stronger
business risk and lower leverage.  Absent a transformative
acquisition -- which S&P does not expect will occur -- Amneal's
business risk will be constrained due to a continued absence of
scale in the competitive generic pharmaceutical industry.



ARRHYTHMIA TREATMENT: Case Summary & 2 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Arrhythmia Treatment Associates, LLC
        505 Capitol Street
        Charleston, WV 25301

Case No.: 15-20553

Chapter 11 Petition Date: October 23, 2015

Court: United States Bankruptcy Court
       Southern District of West Virginia (Charleston)

Judge: Hon. Frank W. Volk

Debtor's Counsel: Joseph W. Caldwell, Esq.
                  CALDWELL & RIFFEE
                  P. O. Box 4427
                  Charleston, WV 25364-4427
                  Tel: 304-925-2100
                  Fax: (304) 925-2193
                  Email: joecaldwell@frontier.com
                         chuckriffee@frontier.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ronald McCowan, manager.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/wvsb15-20553.pdf


ASBURY AUTOMOTIVE: Moody's Rates $200MM Sr. Notes Increase 'B1'
---------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Asbury Automotive
Group, Inc.'s proposed $200 million increase in its senior
subordinated notes.  There is no impact on the Ba2 rating or the
stable outlook.

"We view this as a tactical debt raise to take advantage of
favorable market conditions, both from an interest rate perspective
as well as investor appetite for the auto retail sector on the
whole," stated Moody's Vice President Charlie O'Shea.  "It is our
expectation that Asbury will use the funds prudently for
acquisitions and share repurchases, with leverage, though it will
increase from around 3.4 times to around 3.8 times proforma for the
new debt, still to be maintained well within our bands of tolerance
for the rating."

Asbury's Ba2 rating continues to recognize that despite its
relatively small size as compared to its rated U.S. peer group, its
market and competitive positions are formidable in the markets in
which it chooses to operate as evidenced by its credit metrics,
which are strong for this peer group.  The rating also considers
Asbury's historically-favorable brand mix, with around 80% of new
vehicle sales coming from luxury and import brands, and its
operating profit trend away from new vehicle sales.  Asbury's
business model, with solid parts and service and finance and
insurance segments, reduces reliance on new car sales, and it is
successfully enhancing the efficiency of its used car business.
Ratings also consider Asbury's improved liquidity resulting from
its favorable debt maturity profile.  The stable outlook reflects
our expectation that Asbury will continue to manage itself with
sufficient discipline around operating costs such that its present
quantitative profile is largely continued.  Ratings could be
upgraded if credit metrics further improve such that debt/EBITDA
was maintained under 3.5 times for an extended period and
EBIT/interest was sustained above 5 times.  Ratings could be
downgraded if debt/EBITDA approached 4.5 times or if EBIT/interest
fell below 3 times.

Asbury Automotive Group, Inc., headquartered in Duluth, GA, is a
leading auto retailer with 102 franchises, and annual revenues of
approximately $6.2 billion.



ASBURY AUTOMOTIVE: S&P Retains 'BB' Notes Rating on $200MM Add-On
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that its 'BB' issue-level
rating and '5' recovery rating on Duluth, Ga.-based auto retailer
Asbury Automotive Group Inc.'s existing senior subordinated notes
due 2024 are unchanged following the company's proposed $200
million add-on.  The '5' recovery rating reflects S&P's expectation
for modest recovery (10%-30%; lower half of the range) in the event
of a payment default.

The company intends to use the proceeds from this add-on offering
for general corporate purposes, which may include acquisitions,
share repurchases, capital expenditures, the occasional repayment
of outstanding debt, investments, or working capital needs, among
other things.

The proposed senior subordinated notes will rank equally with all
of Asbury's existing and future subordinated debt and will be
subordinated to all of the company and its guarantors' existing and
future senior debt.  The notes will be guaranteed on a senior basis
by substantially all of the direct and indirect domestic
subsidiaries of the company.

S&P's ratings on Asbury reflect S&P's view of the company's
consistent free cash flow generation and our "adequate" assessment
of its liquidity.  Moreover, S&P views the company's business model
as resilient due to its high degree of variable costs and multiple
revenue sources.

RATINGS LIST

Asbury Automotive Group Inc.
Corporate Credit Rating                     BB+/Stable/--

Ratings Unchanged; Recovery Band Revised
                                             To         From
Asbury Automotive Group Inc.
Senior Subordinated Notes Due 2024          BB         BB
  Recovery Rating                            5L         5H



ATLANTIC & PACIFIC: Key Food to Buy Assets in 15 Stores
-------------------------------------------------------
Great Atlantic & Pacific Tea Company Inc. received court approval
to sell some of its assets to Key Food Stores Co-Operative, Inc.

The order, issued by U.S. Bankruptcy Judge Robert Drain, allowed
the company to sell the assets used in operating its 15 stores.

Twelve of the stores are located in New York while the rest are
located in New Jersey.  Great Atlantic runs the three New Jersey
stores under the Food Basics name, according to court filings.

Under the deal, Great Atlantic will receive $27.55 million in cash,
plus additional amounts.  Key Food will also assume some of the
company's liabilities.  

A copy of Judge Drain's order is available for free at
http://is.gd/nhAg09
   
The assets were supposed to be sold at an auction, with Key Food as
the stalking horse bidder.  Great Atlantic, however, did not
receive "qualified bids" from other buyers, according to court
filings.

Key Food previously offered $28.5 million to acquire assets in 16
stores run by Great Atlantic.  Earlier this month, the companies
agreed to exclude from the sale those assets used in Great
Atlantic's Waldbaums store located along Tompkins Avenue, in Staten
Island, New York.

                    About Atlantic & Pacific

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

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

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

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

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

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

Elise S. Frejka was appointed as consumer privacy ombudsman.


BATTLE CREEK: Qualifies as 'Single Asset Real Estate,' Judge Rules
------------------------------------------------------------------
A bankruptcy judge has ruled that Battle Creek Conservation
Ventures LLC's estate constitutes a single asset real estate.

In a two-page order, Judge Maureen Tighe of the U.S. Bankruptcy
Court for the Central District of California ruled that the company
qualifies as a "single asset real estate" and is subject to section
362(d)(3) of the Bankruptcy Code.

Section 362(d)(3) requires a debtor to commence monthly payments in
an amount equal to interest at the then applicable nondefault
contract rate of interest on the value of a creditor's interest in
the real estate.

Judge Tighe ordered Battle Creek to make a monthly payment of
$116,159 to Charles Orwick III as "adequate protection" of his
interest in a real property owned by the company.

The real property, which has a scheduled value of $11 million, is
encumbered by three separate deeds of trust held by Mr. Orwick.
The property is located along Jellys Ferry Road, in Red Bluff,
California.

                About Battle Creek Conservation

Battle Creek Conservation Ventures, LLC, commenced a Chapter 11
bankruptcy case (Bankr. C.D. Cal. Case No. 15-11683) on May 13,
2015.  Judge Maureen Tighe presides over the case.  The Debtor
estimated assets of $11 million and total liabilities of $9.3
million.


BERNARD L. MADOFF: Trustee Requests Release of Customer Fund
------------------------------------------------------------
Irving H. Picard, Securities Investor Protection Act (SIPA) Trustee
for the liquidation of Bernard L. Madoff Investment Securities LLC
(BLMIS), filed a supplemental motion on Oct. 20 in the United
States Bankruptcy Court for the Southern District of New York
seeking approval for an allocation of recoveries to the BLMIS
Customer Fund and an authorization for a sixth pro rata interim
distribution from the Customer Fund to BLMIS customers with allowed
claims.  A hearing has been scheduled for Wednesday, November 18,
2015 at 10:00 a.m.

Plans for a sixth interim pro rata distribution may now proceed
after the Supreme Court's decision on October 5, 2015 not to review
lower court decisions regarding the applicability of so-called
"time-based damages" in the ongoing liquidation of the Madoff firm.
The Court's action affirmed the SIPA Trustee's position on this
issue. In the motion, the SIPA Trustee seeks the release of funds
that include reserves held under a September 2012 Bankruptcy Court
order and more than $345 million in settlements and new recoveries
that have been secured since the fifth distribution, which
commenced in February 2015.

If the motion is approved, the SIPA Trustee will allocate $1.5
billion, with $1.18 billion available for immediate distribution to
customers with allowed claims and approximately $320 million held
in reserve for claims that are deemed determined pending the
resolution of litigation, as well as other issues.  This will bring
the amount distributed to eligible BLMIS customers to approximately
$9.13 billion, which includes more than $827 million in advances
committed by the Securities Investor Protection Corporation
(SIPC).

Stephen P. Harbeck, President and CEO of SIPC, said, "The courts
have upheld the Trustee's and SIPC's application of SIPA. The
Supreme Court's decision not to review the Second Circuit's
decision allows Irving Picard to move forward with the distribution
as soon as possible, while his global legal team continues to
pursue additional, significant recoveries for BLMIS customers."

"Recoveries for the BLMIS Customer Fund now total nearly $11
billion," continued Mr. Harbeck.  "That is much more than anyone
could have expected at the start of the case in 2008.  The legal
strategy, and the execution of that strategy by the SIPA Trustee
and his counsel, led by David J. Sheehan, will maximize the return
to Madoff's customers.  The result here, fully funded by SIPC at no
cost to customers, shows that the Securities Investor Protection
Act functions as Congress intended.  I congratulate the SIPA
Trustee and his counsel as they continue to make distributions and
increase the return to the victims of this enormous theft."

The sixth pro rata interim distribution will result in the return
of 8.186 percent of the allowed claim amount for each individual
account, unless the allowed claim has been fully satisfied. The
average payment for an allowed claim issued in the sixth
distribution is $1,110,423.34.  The smallest payment totals
$1,286.84 and the largest payment is $200,367,708.98.

Currently, the SIPA Trustee has allowed 2,564 claims related to
2,227 BLMIS accounts.  Of these accounts, 1,264 accounts with
allowed claims totaling $1,161,193.87 or less -- or more than 56
percent -- will be fully satisfied following the sixth interim
distribution.  The sixth interim distribution, when combined with
the prior interim distributions, will satisfy up to 56.988 percent
of each customer's allowed claim unless the account is fully
satisfied.  In addition, SIPC will be reimbursed for its advances
to accounts that the sixth interim distribution fully satisfies.

As of October 20, 2015, the SIPA Trustee has recovered or reached
agreements to recover approximately $10.9 billion since his
appointment in December 2008.  These outcomes exceed similar
efforts related to prior Ponzi scheme recoveries, in terms of
dollars and percentage of stolen funds recovered.

Ultimately, 100 percent of the SIPA Trustee's recoveries will be
allocated to the Customer Fund for distribution to BLMIS customers
with allowed claims. Prior distributions as of October 20, 2015 are
as follows:

The first pro rata interim distribution, which commenced on October
5, 2011, has distributed approximately $675.3 million, representing
4.602 percent of the allowed claim amount of each individual
account, unless the claim is fully satisfied.

The second pro rata interim distribution, which commenced on
September 19, 2012, has distributed approximately $4.906 billion,
representing 33.556 percent of the allowed claim amount of each
individual account, unless the claim is fully satisfied.

The third pro rata interim distribution, which commenced on March
29, 2013, has distributed approximately $686.1 million,
representing 4.721 percent of the allowed claim amount of each
individual account, unless the claim is fully satisfied.

The fourth pro rata interim distribution, which commenced on May 5,
2014, has distributed approximately $461.4 million, representing
3.180 percent of each individual account, unless the claim is fully
satisfied.

The fifth pro rata interim distribution, which commenced on
February 6, 2015, has distributed approximately $397.5 million,
representing 2.743 percent of each individual account, unless the
claim is fully satisfied.

There are 109 deemed determined claims still subject to litigation.
Once litigation is resolved or settlements reached, these claims
may be allowed and would therefore become eligible for all pro rata
distributions to date.  For that potential scenario, as of October
20, 2015, the SIPA Trustee has reserved approximately $1.706
billion.  The ultimate amount of additional allowed claims depends
on the outcome of litigation or negotiation and could add billions
of dollars to the total amount of allowed claims.

All administrative costs of the SIPA liquidation of Bernard L.
Madoff Investment Securities LLC and its global recovery efforts,
which make the distributions possible, are funded by SIPC.

Upon approval, record holders of allowed claims as of November 18,
2015 will be eligible to receive payments from the sixth interim
distribution.

The supplemental Sixth Customer Fund Allocation and Distribution
Motion can be found on the United States Bankruptcy Court's website
at http://www.nysb.uscourts.gov/Bankr. S.D.N.Y., No. 08-01789
(SMB). It can also be found on the SIPA Trustee's website along
with more information on the BLMIS liquidation at:
www.madofftrustee.com

Messrs. Harbeck, Picard and Sheehan would like to thank Seanna
Brown and Heather Wlodek of BakerHostetler, who worked on the sixth
pro rata interim distribution and its related filings, as well as
the legal firms of BakerHostetler and Windels Marx, and all of the
attorneys and professionals whose work has led to the distribution.
They would also like to thank Vineet Sehgal and his colleagues at
AlixPartners, as well as Josephine Wang, Kevin Bell and their
colleagues at SIPC, for their ongoing work and participation in the
Madoff Recovery Initiative distributions.

                     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.


BERNARD L. MADOFF: Trustee, Thybo Feeder Funds Settle Claims
------------------------------------------------------------
Jacqueline Palank, writing for Dow Jones' Daily Bankruptcy Review,
reported that two feeder funds to Bernard Madoff have struck a deal
to settle competing lawsuits tied to the collapse of his massive
Ponzi scheme.

According to the report, the deal, which is subject to
bankruptcy-court approval, resolves competing claims between feeder
funds Thybo Asset Management Ltd. and Thybo Stable Fund Ltd. and
Irving Picard, the trustee overseeing the liquidation of Mr.
Madoff's investment firm.

                    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.


BESRA GOLD: Commences Restructuring Proceedings in Canada
---------------------------------------------------------
Besra Gold Inc. on Oct. 21 disclosed that, after consideration of
all viable alternatives, its Board of Directors has determined that
it is in the best interests of Besra and its stakeholders for Besra
to commence restructuring proceedings under the Canadian law
equivalent of US Chapter 11.  This restructuring process will allow
Besra to deal decisively with its cost and debt structure and to
narrow its strategic focus in an effective and timely manner.  The
proceedings will also facilitate a restructuring using a more
straightforward process that doesn't presently exist.  Besra made
this decision with the unanimous approval of its Board of Directors
after thorough consultation with its advisors and extensive
consideration of all other alternatives.

Besra's liquidity position deteriorated as a result of various
factors, including, but not limited to, negative cash flow from
operations in Vietnam caused by typhoons and government
intervention, and a consequent inability to secure all required
capital until its unsecured loan-notes were restructured.  However
the subsidiary operations are recovering with Bong Mieu back in
production and Phuoc Son in preparation for re-opening.

The previously announced financing is currently on hold pending the
outcome of the restructuring.  Besra anticipates that once balance
sheet relief is provided as an outcome of the restructuring, equity
financing can be more easily progressed.

Besra CEO, John Seton, said, "While we had reached agreement in
principle with a large number of our note-holders, there exists no
existing, stream-lined formal mechanism by which the different
notes may be dealt with efficiently and effectively in a single
arrangement or compromise."  He added, "These types of
administration systems, which exist in Canada and the US, are
effective.  You can get things done."

Accordingly, on October 19, 2015, Besra filed a Notice of Intention
to make a proposal under the Bankruptcy and Insolvency Act (Canada)
(BIA).  The Notice of Intention has granted Besra BIA protection
for an initial period of 30 days, expiring on November 18, 2015.
While under protection, creditors and others are stayed from
enforcing any rights against Besra, giving Besra the opportunity to
pursue restructuring alternatives.

Pursuant to the Notice of Intention, MNP Ltd has been appointed as
proposal trustee that will monitor the ongoing operations of Besra
while under BIA protection (in such capacities, the "Trustee").
All inquiries regarding the BIA proceedings should be directed to
the Trustee.

                        About Besra Gold

Besra -- http://www.besra.com-- is a diversified gold mining
company focused on the exploration, development and mining of
mineral properties in South East Asia.  The Company has three key
properties; the Bau Goldfield in East Malaysia and Bong Mieu and
Phuoc Son in Central Vietnam.  Besra expects to expand gold
capacity in Vietnam over the next two years and is projecting new
production capacity from the Bau gold project.


BLACK ELK: Seeks to Donate Eugene Island 261-A Jacket to Louisiana
------------------------------------------------------------------
Black Elk Energy Offshore Operations, LLC asks the U.S. Bankruptcy
Court for the Southern District of Texas, Houston Division, for
authorization to enter into a donation agreement with the Louisiana
Department of Wildlife and Fisheries.

The Debtor relates that the Court has already authorized it to
decommission and dispose of the Eugene Island 261-A Jacket ("Eugene
Island Platform") by transporting it to a smelting facility.  The
Debtor requests authority to transfer the platform to the Louisiana
Department of Wildlife under the Donation Agreement free and clear
of liens so that the platform can be transformed into a reef.  The
Debtor tells the Court that this process will allow the estate to
avoid transport costs and attendant delay fees of $175,000 per day.
The Debtor further tells the court that under its "turnkey"
agreement with its contractor JAB Energy Solutions II, LLC, the
Debtor's contractor is responsible for paying the fees associated
with donating the platform and there will be no additional costs to
the estate so long as this Court approves the Donation Agreement by
Oct. 22, 2015.

The Donation Agreement provides that the Debtor will submerge the
Eugene Island Platform at a specific location in the Gulf of Mexico
so that the platform can be used as an artificial reef and make a
cash donation to the Louisiana Artificial Reef Development Fund.
JAB will pay the cash donation on the Debtor's behalf.  In
exchange, the Louisiana Department of Wildlife will accept
ownership of the Eugene Island Platform.  One of the terms of the
Donation Agreement requires the Debtor to warrant that it has title
to the Eugene Island Platform "free and clear of all encumbrances
of any kind or description" (the "Title Warranty").

The Debtor relates that where it not for the Title Warranty, the
Debtor would be authorized to enter into the Donation Agreement
pursuant to the Court's Order Granting P&A Motion.  The Debtor
further relates that it has performed title searches and discovered
that three parties have asserted liens or other encumbrances
against the Eugene Island Platform.  The Debtor asserts that
because of the Lienholders' Liens on the Eugene Island Platform,
the Debtor is unable to make the Title Warranty and enter into the
Donation Agreement.  The Debtor further asserts that absent the
Court's intervention, the Debtor will be forced to incur
significant transport costs or delay costs to satisfy its P&A Work
obligations relating to the Eugene Island Platform -- a result that
is not in the best interest of the Debtor or any party-in-interest.
The Debtor tells the Court that it has determined that it is in
the best interest of the estate and all parties-in-interest to
donate the Eugene Island Platform to the Louisiana Department of
Wildlife because it will save the Debtor a significant amount of
money in removing and disposing of the Eugene Island Platform,
including JAB's delay fees of $175,000.00 per day.

The Debtor's motion is scheduled for hearing on Oct. 22, 2015 at
1:45 p.m.

Black Elk is represented by:

          Pamela Gale Johnson, Esq.
          BAKER & HOSTETLER, LLP
          811 Main Street, Suite 1100
          Houston, TX 77002-6111
          Telephone: (713)751-1600
          Facsimile: (713)751-1717
          E-mail: pjohnson@bakerlaw.com

                  - and -

          Elizabeth A. Green, Esq.
          Jimmy D. Parrish, Esq.
          BAKER & HOSTETLER, LLP
          SunTrust Center, Suite 2300
          200 South Orange Avenue
          Orlando, FL 32801-3432
          Telephone: (407)649-4000
          Facsimile: (407)841-0168
          E-mail: egreen@bakerlaw.com
                  jparrish@bakerlaw.com

                  - and -

          Jorian L. Rose, Esq.
          BAKER & HOSTETLER, LLP
          45 Rockefeller Plaza
          New York, NY 10111-0100
          Telephone: (212)589-4200
          Facsimile: (212)589-4201
          Email: jrose@bakerlaw.com

                      About Black Elk Energy

Black Elk Energy Offshore Operations, LLC, is a Houston, Texas
based privately held limited liability company engaged in the
acquisition, exploitation, development and production of oil and
natural gas properties primarily in the shallow waters of the Gulf
of Mexico near the coast of Louisiana and Texas.

Black Elk had total assets of $340 million and total debt of $432
million as of Sept. 30, 2014.

Judge Letitia Z. Paul of the U.S. Bankruptcy Court in the Southern
District of Texas placed Black Elk under Chapter 11 bankruptcy
protection on Sept. 1, 2015, converting an involuntary Chapter 7
bankruptcy petition by its creditors.  Thereafter, the Company
filed with the Court a voluntary Chapter 11 petition (Bankr. S.D.
Tex. Case No. 15-34287) on Sept. 10, 2015.  

Judge Paul later recused herself from the case and the matter was
given to Judge Marvin Isgur, according to information posted on the
case docket on Sept. 14.

The Debtor is represented by Elizabeth E. Green of Baker &
Hostetler.  Blackhill Partners' Jeff Jones is the Debtor's Chief
Restructuring Officer.



BLACK ELK: Seeks to Donate Eugene Island Platform to Louisiana
--------------------------------------------------------------
Black Elk Energy Offshore Operations, LLC, sought for and obtained
from Judge Marvin Isgur of the U.S. Bankruptcy Court for the
Southern District of Texas, Houston Division, authorization to
enter into a donation agreement with the Louisiana Department of
Wildlife Fisheries and Conservation Fund.

The Debtor's current operations are limited to four operating
platforms and 16 platforms that are in the process of being
decomissioned ("P&A Wells").  One of the Debtor's P&A Wells is
located on the Eugene Island 240 A 8-Pile Jacket ("Eugene Island
Platform").  The Debtor's P&A obligations relating to the Eugene
Island Platform include the requirement that the Debtor remove and
dispose of the Eugene Island Platform in accordance with applicable
regulations.

The Debtor relates that to dispose of the platform, it has two
options: (a) have JAB Energy Solutions II, LLC, which is conducting
the P&A work, remove the platform and transport it back to shore to
a smelting facility to be disposed of; or (b) donate the platform
to the Louisiana Department of Wildlife as an artificial reef under
the terms of the Donation Agreement.

The Donation Agreement provides that the Debtor will submerge the
Eugene Island Platform at a specific location in the Gulf of Mexico
so that the platform can be used as an artificial reef, and make a
cash donation to the Louisiana Artificial Reef Development Fund in
the amount of $153,200.00. In exchange, the Louisiana Department of
Wildlife will accept ownership of the Eugene Island Platform. One
of the terms of the Donation Agreement requires the Debtor to
warrant that its "title to the Donated Structure is free and clear
of all encumbrances of any kind or description" ("Title
Warranty").

The Debtor has determined that it is in the best interest of the
estate and all parties-in-interest to donate the Eugene Island
Platform to the Louisiana Department of Wildlife because it will
save the Debtor a significant amount of money in removing and
disposing of the Eugene Island Platform.

The Debtor contends that it would have been authorized to enter
into the Donation Agreement pursuant to the Court's Order Granting
P&A Motion, where it not for the Title Warranty. The Debtor relates
that certain parties have asserted liens or other encumbrances
against the Eugene Island Platform and because of these liens, it
is unable to make the Title Warranty and enter into the Donation
Agreement. The Debtor tells the Court that without the Court's
intervention, the Debtor will be forced to incur significant
transport costs or delay costs to satisfy its P&A Work obligations
relating to the Eugene Island Platform.

Black Elk Energy is represented by:

          Pamela Gale Johnson, Esq.
          BAKER & HOSTETLER, LLP
          811 Main Street, Suite 1100
          Houston, TX 77002-6111
          Telephone: (713)751-1600
          Facsimile: (713)751-1717
          E-mail: pjohnson@bakerlaw.com

                - and -

          Elizabeth A. Green, Esq.
          Jimmy D. Parrish, Esq.
          BAKER & HOSTETLER, LLP
          SunTrust Center, Suite 2300
          200 South Orange Avenue
          Orlando, FL 32801-3432
          Telephone: (407)649-4000
          Facsimile: (407)841-0168
          E-mail: egreen@bakerlaw.com
                 jparrish@bakerlaw.com

                - and -

          Jorian L. Rose, Esq.
          BAKER & HOSTETLER, LLP
          45 Rockefeller Plaza
          New York, NY 10111-0100
          Telephone: (212)589-4200
          Facsimile: (212)589-4201
          Email: jrose@bakerlaw.com

About Black Elk Energy Offshore Operations, LLC.

Black Elk Energy Offshore Operations, LLC, is a Houston, Texas
based privately held limited liability company engaged in the
acquisition, exploitation, development and production of oil and
natural gas properties primarily in the shallow waters of the Gulf
of Mexico near the coast of Louisiana and Texas.

Black Elk had total assets of $340 million and total debt of $432
million as of Sept. 30, 2014.

Judge Letitia Z. Paul of the U.S. Bankruptcy Court in the Southern
District of Texas placed Black Elk under Chapter 11 bankruptcy
protection on Sept. 1, 2015, converting an involuntary Chapter 7
bankruptcy petition by its creditors.  Thereafter, the Company
filed with the Court a voluntary Chapter 11 petition (Bankr. S.D.
Tex. Case No. 15-34287) on Sept. 10, 2015.  

Judge Paul later recused herself from the case and the matter was
given to Judge Marvin Isgur, according to information posted on
the
case docket on Sept. 14.

The Debtor is represented by Elizabeth E. Green of Baker &
Hostetler.  Blackhill Partners' Jeff Jones is the Debtor's Chief
Restructuring Officer.



BOISE GUN: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------
Debtor: Boise Gun Company, Inc.
        4105 Adams Street
        Garden City, ID 83714

Case No.: 15-01389

Chapter 11 Petition Date: October 23, 2015

Court: United States Bankruptcy Court
       District of Idaho (Boise)

Judge: Hon. Terry L Myers

Debtor's Counsel: Matthew Todd Christensen, Esq.
                  ANGSTMAN JOHNSON, PLLC
                  3649 N. Lakeharbor Lane
                  Boise, ID 83703
                  Tel: 208-384-8588
                  Fax: 208-853-0117
                  Email: mtc@angstman.com

Total Assets: $3.85 million

Total Liabilities: $4.14 million

The petition was signed by Jason Hopper, vice president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/idb15-01389.pdf


BULLIONDIRECT INC: Amends List of 20 Largest Unsecured Creditors
----------------------------------------------------------------
BullionDirect, Inc., filed with the U.S. Bankruptcy Court for the
Western District of Texas amended list of creditors holding 20
largest unsecured claims to reflect additional creditors,
disclosing:

  Name of Creditor             Nature of Claim   Amount of Claim
  ----------------             ---------------   ---------------
  Phillips, Pamela L.          Website Claimant      $512,147
  59 Line Road
  Malvern, PA 19355

  Chamness, Robert O.          Website Claimant      $363,535
  P.O. Box 1244
  Davis, CA 95617

  Suzuki, Kazuo                Website Claimant      $344,414
  312 S. Willaman Dr., #305
  Los Angeles, CA 90048

  Dietz, Dale A.               Website Claimant      $330,029
  329 Harrisonville Rd.
  Mullica Hill, NJ 08062

  Pinard, Jean M.              Website Claimant      $269,002
  4504 Springhill
  Estates Dr.
  Parker, TX 75002

  McCann, Louis S. Jr.         Website Claimant      $226,509
  Gray, Richard L.             Website Claimant      $205,213
  Stephenson, Cecil            Website Claimant      $203,246
  Veytsman, Marina             Website Claimant      $195,470
  Ortwein, Jeffrey             Website Claimant      $192,237
  Burns, Kenneth S. Jr.        Website Claimant      $174,343
  Stephenson, Blake            Website Claimant      $163,581
  Miller, Patrick R.           Website Claimant      $161,946
  Dinsmore, Alton J.           Website Claimant      $154,487
  Nelson, Bryan D.             Website Claimant      $148,400
  Krueger, Donald E.           Website Claimant      $142,563
  Whalley, Lawrence G.         Website Claimant      $141,538
  Hopwood, Edward M.           Website Claimant      $133,136
  Lubitski, Craig J.           Website Claimant      $129,691
  Napoli, Mark A.              Website Claimant      $125,608

As reported in the Troubled Company Reporter on July 22, 2015, the
Debtor disclosed these creditors:

         American Express
         Dillon Gage
         IBM/Digital Analytics
         International Depository Service
         Bernal, Natasha                 
         Irmen, Travis                   
         Plies, Bradley                  
         Thomas, Blake                   
         Rakuten Marketing LLC           
         Dechert, LLP                    
         UPS                             

                       About BullionDirect

BullionDirect, Inc. filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tex. Case No. 15-10940) on July 20, 2015.  Dan Bensimon signed
the petition as president.  The Debtor disclosed total assets of
$48,107 and total liabilities of $16,955,330 as of the Chapter 11
filing.  Joseph D. Martinec, Esq., at Martinec, Winn & Vickers,
P.C., represents the Debtor as counsel.  Judge Tony M. Davis
presides over the case.  The U.S. Trustee for Region 7 appointed
three creditors to serve on an official committee of unsecured
creditors.


CAL DIVE: Bielli & Klauder to Serve as Counsel for Fee Examiner
---------------------------------------------------------------
O'Kelly Ernst & Bielli, LLC, notifies the U.S. Bankruptcy Court for
the District of Delaware that it withdraws its appearance as
counsel to David M. Klauder, the fee examiner in the Chapter 11
cases of Cal Dive International, Inc., et al.

In this relation, Bielli & Klauder, LLC, will substitute O'Kelly
Ernst as counsel for the fee examiner.

Bielli & Klauder can be reached at:

         Cory P. Stephenson, Esq.
         BIELLI & KLAUDER, LLC
         1204 N. King Street
         Wilmington, DE 19801
         Tel: (302) 803-4600
         Fax: (302) 397-2557
         E-mail: cstephenson@bk-legal.com

                         About Cal Dive

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

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

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

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

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

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


CENTRAL OKLAHOMA: Balks at Homeland Insurance's Examiner Bid
------------------------------------------------------------
Central Oklahoma United Methodist Retirement Facility, Inc., doing
business as Epworth Villa, objected to Homeland Insurance Company
of New York's motion to appoint an examiner and Holden & Carr's
response in support of the examiner motion.

According to the Debtor, Homeland's examiner request is moot under
the pending Plan of Reorganization and the examiner request
imperils the Debtor's ability to successfully reorganize, courts
and commentators have recognized that the appointment of an
examiner is ill-advised when the appointment will frustrate
legitimate reorganization efforts.  The Debtor further argued that
Homeland's view that the appointment of an examiner is mandated by
Code Section 1104(c)(2) failed to acknowledge the overarching
discretion of the Court to decline the investigation requested in
light of the present circumstances of the case.

BancFirst, in its capacity as Indenture Trustee, for benefit of the
holders of the Bonds, asserted that all of Homeland's arguments
about the rights of creditors are directed at the sole purpose of
thwarting Epworth Villa's ability to exit bankruptcy by defeating
the proposed compromise and related plan in order to avoid being
sued by the Litigation Trustee.

William Hicks, Individually and as Guardian Ad Litem for Virginia
Hicks, Kirk Olson, Olson Law Firm, P.L.L.C., Joe White, and White &
Weddle, PC, also objected to the examiner motion, complaining that
Homeland's motion is an attempt by a tortfeasor/defendant to
interfere with adverse litigation before it can even begin.
Homeland simply has no standing to invoke rights on behalf of
unsecured creditors, and Debtor's Second Modified Plan of
Reorganization moots Homeland's call for an examiner.

As reported by The Troubled Company Reporter on Oct. 6, 2015,
Homeland asked the Court to appoint an examiner or, in the
alternative, a special expert, to investigate and report on the
value of the judgment entered in a case styled William Hicks,
individually, and as Guardian Ad Litem for Virginia Hicks, an
Incapacitated Individual, Plaintiffs v. Central Oklahoma United
Methodist Retirement Facility, Inc., d/b/a Epworth Villa,
Defendant in the District Court of Oklahoma County, State of
Oklahoma, Case No. CJ-2011-8387.

Homeland asserted that the Hick's Judgment is by far the largest
creditor in the estate and a practical evaluation regarding the
actual value of that judgment will assist the Bankruptcy Court in
determining whether the Plan(s) supported by the Debtor and William
Hicks, individually, and as Guardian Ad Litem for Virginia Hicks,
an Incapacitated Person are proposed in good faith pursuant to
Section 1129 (a) of the Bankruptcy Code.

Homeland further asserted that under Section 1104(c), the
appointment of an examiner is both mandatory and in the interests
of the Debtor's creditors and all other parties-in-interest.

Holden & Carr, a party-in-interest, declared support for the
appointment of an independent examiner or expert witness.  Holden &
Carr explains that the investigation undertaken by an independent
party should include an evaluation of the Hicks claim on appeal,
including an assessment of its value in consideration of the risks
on appeal, and a review of the conduct of officers, directors, and
employees whose conduct is cited by the District Court as giving
rise to such sanctions, and an identification of such parties to
determine appropriate governing and operating personnel under the
Debtor's proposed plan of reorganization, of which the joint
settlement is to be a part.  It is a virtual certainty that such
independent party would not conclude, as the Debtor's officers and
directors have, that the Hicks claim on appeal is entitled to full
value, and that the officers and directors should be insulated by
third-party releases, and that parties should be subject to
manufacturer claims as contemplated by the proposed joint
settlement, Holden & Carr adds.

Mr. Hicks is represented by:

         Armando J. Rosell, Esq.
         MULINIX EDWARDS ROSELL & GOERKE, PLLC
         210 Park Avenue, Suite 3030
         Oklahoma City, OK 73102
         Tel: (405) 232-3800
         Fax: (405) 232-8999
         E-mail: rosell@lawokc.com

                 -- and --

         Jeffrey E. Tate, Esq.
         Christensen Law Group, P.L.L.C.
         The Parkway Building
         3401 N.W. 63rd Street, Suite 600
         Oklahoma City, OK 73116
         Tel: (405) 232-2020
         Fax: (405) 236-1012
         E-mail: jeffrey@christensenlawgroup.com

Bancfirst is represented by:

         Judy Hamilton Morse, Esq.
         John M. Thompson, Esq.
         CROWE & DUNLEVY
         A Professional Corporation
         Braniff Building
         324 N. Robinson Ave. Suite 100
         Oklahoma City, OK 73102-8273
         Tel: (405) 235-7700
         Fax: (405) 272-5242

             About Central Oklahoma United Methodist

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

Epworth Villa is currently undergoing a renovation and expansion
project that is projected to be completed in early summer of 2015.

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

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

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

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

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

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


CLINICA REAL: SFIC's Bid to Appoint Ch. 11 Trustee Denied
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona denied State
Farm Mutual Automobile Insurance Company and State Farm Fire &
Casualty' motion to appoint a Chapter 11 trustee, or convert the
Chapter 11 cases of Clinica Real, LLC, and Keith Michael Stone, to
those under Chapter 7 of the Bankruptcy Code.

SFIC, creditors and parties-in-interest, filed a reply in support
of their motion, stating that the Debtors' waste of estate
resources continues unabated.  After the Court directed the Debtors
to refrain from spending any further estate resources on the
Arizona appellate case, the Debtors prepared and filed a
brief in the Arizona Court of Appeals in protection of non-debtor
Patricia Rascon, against whom SFIC had requested an attorneys' fees
award.

Keith Michael Stone, a member and manager of Clinica Real, in a
declaration, stated that there is no cause for the appointment of
trustee because there has been no fraud, dishonesty, incompetence,
or gross mismanagement of the affairs.

In a minute entry dated June 26, the Court ordered denying the
motion to appoint a trustee without prejudice. The Court addresses
the Debtor's accounting procedures of cash flow disbursements.

In opposition to the motion, the Debtors requested that the Court
deny SFIC's motion because State Farm has not proven any cause for
appointment of a trustee or conversion of the estates and neither
would be in the best interests of the estate, and instead allow the
completion of the estimation process and plan prosecution based on
the same that will distribute at least $575,000 to creditors making
for either a 100% payment plan or a substantial pro rata
distribution to creditors depending on the estimation result.

SFIC, in their motion noted that, among other things:

   a. the cases were filed to hinder resolution of a two-party
dispute between SFIC and the Debtors (and Rascon), and the estates
have been mismanaged;

   b. Dr. Stone's casino habit establishes cause for appointment of
a Chapter 11 trustee or conversion;

   c. transfer of Artemis LLC interest to Clinica Real before
Petition Date; and

   d. undisclosed personal property interests and transfers to
Keith Michael Stone
Revocable Trust

On June 12, Dr. Stone submitted a declaration in support of
statement of position in opposition to appointment of Chapter 11
trustee.

The Debtors requested that the Court not enter an order appointing
a Chapter 11 trustee because such an appointment would not be in
the best interest of the creditors of the estate as it would likely
result in the 8 liquidated creditors of the estate holding
approximately $411,954 in claims to receive at best a massively
diluted de minimus pro rata distribution.

In a separate filing, Allstate Insurance Company, a creditor of the
Debtors opposed the appointment of a chapter 11 trustee at this
time.

                        About Clinica Real

Clinica Real, LLC, dba Clinica Real Rehabilitation & Chiropractic,
filed a Chapter 11 petition (Bankr. D. Ariz. Case No. 12-20451) in
Phoenix, Arizona, on Sept. 13, 2012.  Clinica Real, doing business
as Clinica Real Rehabilitation & Chiropractic, disclosed
$10.5 million in assets and $29.8 million in liabilities.

Clinica Real has no real property.  Its largest asset is an
unliquidated claim against State Farm Mutual Automobile Insurance
Co. and State Farm Fire & Casualty Co., which the Debtor valued at
$9.75 million.  Most of the claims against the Debtor are
unsecured.  State Farm has an unsecured claim of $29 million,
which the Debtor says is disputed.

Judge Sarah Sharer Curley presides over the case.  Mark J. Giunta,
Esq., serves as the Debtor's counsel.  The petition was signed by
Keith M. Stone, member.

The U.S. Trustee has not appointed an official committee.

Keith Michael Stone filed a separate Chapter 11 petition (Bankr.
D. Ariz. Case No. 12-20452) on Sept. 13, 2012.  Mr. Stone is
represented by Cindy L. Greene, Esq., at Carmichael & Powell,
P.C., in Phoenix, Arizona.

The cases are jointly administered under Case No. 12-20451.


COUNTRY STONE: First Midwest Seeks Plan Clarification
-----------------------------------------------------
First Midwest Bank says any order confirming the Chapter 11 plan
proposed by Old CSH, Inc., formerly Country Stone Holdings, Inc.,
should make clear that the bank will retain Security Interests in
Liquidating Trust Assets following the Effective Date, subject to
the First Midwest Actions.

On Feb. 17, 2015, First Midwest filed a proof of claim asserting a
secured right to payment in the amount of $38,177,950 (Claims Dkt.
No. 66).  Since that time, First Midwest has received a substantial
pay down resulting from the Debtors' asset sales and the collection
of accounts receivable.

On May 19, 2015, the Unsecured Creditors' Committee filed an
adversary complaint (Adv. Pro. 15-08033) challenging, among other
things, the validity of First Midwest's pre-petition Security
Interests on certain, but not all of, the Debtors' assets,
including, without limitation, the Honkamp Claim.  No judgment has
been entered for or against First Midwest in the Adversary
Proceeding.

The Plan treats First Midwest claims in two alternate ways.  First,
in the event First Midwest is determined to be a secured creditor
holding Security Interests on Liquidating Trust Assets including,
without limitation, the Honkamp Claim, then First Midwest's claim
receives the treatment set forth for Class 3 creditors (Other
Secured Claims).  The Plan provides that Allowed Class 3 Claims are
secured creditors with valid security interests on the Debtors'
property.  In the event First Midwest is determined to be an
unsecured creditor, the Plan provides that First Midwest's claim
shall be treated as Class 4 unsecured creditor.

Section 3.5 of the Plan deals with the Honkamp Claim and describes
how the Liquidating Trustee is to handle that Claim if First
Midwest is determined by a Final Order (in the Adversary Proceeding
or otherwise) to have a properly perfected, unavoidable security
interest on the Honkamp Claim.  Based on those Plan provisions,
First Midwest's Security Interest in the Honkamp Claim will not be
affected by the Plan.

Richard M. Bendix, Esq., at Dykema Gossett PLLC, notes that Section
3.3.2 of the Plan provides, in part, that the "Liquidating Trust
Assets will be transferred to, vest in, and be preserved for the
Liquidating Trusts on the Effective Date free and clear of all
liens, claims, and other encumbrances."  He points out that, read
in isolation, the foregoing language could be interpreted to mean
that First Midwest will lose its Security Interests in Liquidating
Trust Assets on the Effective Date.  That interpretation, he says,
would be inconsistent with:

     (a) the Plan provisions that contemplate First Midwest
retaining its Security Interests in the Liquidating Trust Assets
after the Effective Date, and

     (b) the intention of the Plan proponents that First Midwest
retain those Security Interests after the Effective Date, subject
to the First Midwest Actions.

"Permitting the Debtor and the Committee to achieve indirectly
through confirmation of the Plan a result that the Committee can
obtain directly only through a judgment in its favor in the
Adversary Proceeding would clearly be inequitable and unfair to
First Midwest and is not the intent of the Plan.  Indeed the Plan
provides that the validity, priority, and extent of the First
Midwest Security Interests shall be determined pursuant to a Final
Order separate and distinct from any order confirming the Plan,
either in the connection with the First Midwest Actions or
otherwise," Mr. Bendix tells the Court.

First Midwest Bank's counsel:

         Richard M. Bendix
         DYKEMA GOSSETT PLLC
         10 S. Wacker Dr., Ste. 2300
         Chicago, IL 60606
         Tel: (312) 876-1700
         E-mail: RBendix@Dykema.com

                      The Liquidating Plan

The Debtors in June 2015 sold most of their assets for a combined
purchase price of $29 million plus the value of inventory
determined at $4 million.  An auction was held in December 2014 at
which Hyponex and Techno-Bloc made the highest bids beating the
stalking horse, Quikrete Holdings Inc., which offered an initial
price of $20 million for almost all the assets.  Hyponex agreed to
acquire the mulch, soil, and grass seed business for $10 million
plus the value of inventory and a prorated portion of the breakup
fee being paid to Quikrete, while for $19 million plus the value
of
inventory and part of the breakup fee, Techo-Bloc got the concrete
block and paver stone business.

Under the Plan:

  -- Holders of allowed non-priority tax claims (Class 1)
estimated
at $0 will be paid in full.  The class is unimpaired. Estimated
recovery: 100%

  -- First Midwest's secured claim (Class 2), estimated at $10
million, to the extent determined as an allowed secured claim,
will
have the same treatment as other secured claims in Class 3.  To
the
extent determined as an unsecured claim, then such allowed First
Midwest general unsecured claim will receive the treatment set
forth for Class 4 general unsecured claims.  The class is
impaired.
Estimated recovery: 0% to 100%

  -- Holders of other secured claims (Class 3) will receive, at
the
option of the liquidating trustee: (x) the net proceeds of the
sale
of the property secured the claim, or (y) the return of property
securing the allowed secured claim, or (z) cash equal to the value
of the property. The class is unimpaired.  Estimated recovery:
100%.  

  -- Holders of allowed general unsecured claims (Class 4)
estimated at $36,000,000 will receive a pro rata share of net
proceeds after the payment of allowed secured claims.  Estimated
recovery: 0% to 16%.

  -- Holders of equity interests (Class 5) will retain no
ownership
interests in the Debtors.   Estimated recovery: 0%.

A copy of the Liquidating Trust Agreement is available for free
at:
        http://bankrupt.com/misc/Country_S_Plan_LTA.pdf

A copy of the Liquidation Analysis as of Aug. 18, 2015, is
available for free at:

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

A red-lined copy of the Disclosure Statement, as amended Aug. 31,
204, is available for free at:

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

                      About Country Stone

Country Stone Holdings, Inc., and its affiliates are in the
business of manufacturing, processing, and packaging lawn and
garden products such as mulch, soil, fertilizer, plant food,
organics, concrete and decorative stone.  The corporate
headquarters are located in Rock Island, Illinois and Milan,
Illinois.  Country Stone operates 17 plants throughout the United
States, including in Illinois, Iowa, Indiana, Minnesota,
Wisconsin, Missouri, and California.

Country Stone Holdings and its affiliates sought bankruptcy
protection (Bankr. C.D. Ill., Lead Case No. 14-81854) in Peoria,
Illinois, on Oct. 23, 2014, with a deal to sell to Quikrete
Holdings, Inc., for $23 million in cash plus the assumption of
liabilities, subject to higher and better offers.  The bankruptcy
cases are assigned to Judge Thomas L. Perkins.

Country Stone disclosed $45 million in liabilities.

The Debtors have tapped Katten Muchin Rosenman LLP as counsel;
Silverman Consulting to provide the services of Steven Nerger as
CRO and Michael Compton as cash and restructuring manager; and
Epiq Bankruptcy Solutions, LLC as claims, noticing and balloting
agent.

The Court authorized the corporate name change from Country Stone
Holdings, Inc., to Old CSH, Inc.

Nancy J. Gargula, U.S. Trustee for the Central District of
Illinois, has appointed five creditors to serve in the official
unsecured creditors committee in the Debtors' cases.


COYNE INTERNATIONAL: Workers Face Pension Plan Cuts
---------------------------------------------------
Katy Stech, writing for Dow Jones' Daily Bankruptcy Review,
reported that Coyne International Enterprises Corp., one of the
country's largest private commercial laundry companies, has
proposed to cut union agreements for 225 workers, saying they
promise generous pension payments that potential buyers wouldn't be
willing to continue providing.

According to the report, in a request filed Oct. 23, Coyne
International lawyers asked Judge Margaret Cangilos-Ruiz for
permission to use bankruptcy's contract-cutting power to end 16
collective bargaining agreements that govern the salary and
benefits paid to roughly a third of its workforce.

                          About Coyne International

Coyne International Enterprises Corp. filed a Chapter 11
bankruptcy
petition (Bankr. N.D.N.Y. Case No. 15-31160) on July 31, 2015.
The
petition was signed by Mark Samson as CEO.  

Herrick Feinstein LLP serves as the Debtor's general counsel.
Phillips Lytle LLP acts as the Debtor's local bankruptcy counsel.
Cohnreznick LLP is the Debtor's financial advisor.  SSG Capital
Advisors LLC is the Debtor's investment banker.  Rust Omni serves
the Debtor as claims and administrative agent.  Raab, Sturm &
Ganchrow, LLP acts as labor counsel to the Debtor.  Harbridge
Consulting Group, LLC serves as the Debtor's pension consultant.

Beveridge & Diamond PC is the Debtor's environmental counsel.  GZA
Geoenvironmental, Inc. serves as the Debtor's environmental
consultant.


CRS ELECTRONICS: Placed Under Receivership Following Loan Default
-----------------------------------------------------------------
CRS Electronics Inc. on Oct. 22 disclosed that it was placed on
receivership on October 13, 2015 as a consequence of its previously
announced default on its loan agreement with Divinci Private Debt
Fund.  The company's securities have been suspended and have been
transferred to the NEX Board.

The four member CRS Electronics board of directors remain active in
their duties and are assisting the Receiver.  The acting Receiver
is Link & Associates Inc. Mr. Robert Link can be reached at
(416)-862-7785 extension 2, rlink@linkassociates.ca

                            About CRS

CRS Electronics Inc. is a developer and manufacturer of LED
lighting products.  The principal activities of CRS Electronics
include the development, manufacture and sale, primarily in North
America, of indoor lighting products such as LED replacement lamps,
exterior LED warning lights for school buses, child safety systems
for school buses, LED architectural lighting fixtures, and contract
manufacturing of LED circuit boards.


DOMARK INTERNATIONAL: Hires Michael Studer CPA as New Accountants
-----------------------------------------------------------------
Domark International, Inc., disclosed with the Securities and
Exchange Commission that it was notified of the resignation of its
independent accountant ZBS Group LLP on Sept. 17, 2015.

Other than an explanatory paragraph included in ZBS's audit for
Company year ended May 31, 2015, relating to its uncertainty of the
Company's ability to continue as a going concern, the audit report
of ZBS on the financial statements for the year did not contain an
adverse opinion or disclaimer of opinion, nor was it qualified or
modified as to uncertainty, audit scope or accounting principles.

The Company said that during the period from Feb. 28, 2015, until
May 31, 2015, there were no disagreements between the Company and
ZBS on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure.

On Sept. 25, 2015, Domark appointed Michael T Studer, CPA, PC as
its independent accountants.  The appointment was ratified by the
Company's Board of Directors.

                    About Domark International

Based in Lake Mary, Florida, DoMark International, Inc., was
incorporated under the laws of the State of Nevada on March 30,
2006.  The Company was formed to engage in the acquisition and
refinishing of aged furniture using exotic materials and then
reselling it through interior decorators, high-end consignment
shops and online sales.  The Company abandoned its original
business of exotic furniture sales in May of 2008 and pursued the
acquisition of entities to best bring value to the company and its
shareholders.

Domark reported a net loss of $3 million on $0 of sales for the
year ended May 31, 2015, compared to a net loss of $3.6 million on
$0 of sales for the year ended May 31, 2014.

As of Aug. 31, 2015, the Company had $1.26 million in total assets,
$4.41 million in total liabilities and a $3.15 million total
stockholders' deficit.


DOMARK INTERNATIONAL: Incurs $1.4-Mil. Net Loss in Aug. 31 Qtr.
---------------------------------------------------------------
Domark International, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.39 million on $0 of sales for the three months ended
Aug. 31, 2015, compared to a net loss of $659,000 on $0 of sales
for the same period in 2014.

As of Aug. 31, 2015, the Company had $1.26 million in total assets,
$4.41 million in total liabilities and a $3.15 million total
stockholders' deficit.

The Company said it has inadequate working capital to maintain or
develop its operations, and is dependent upon funds from private
investors, promissory notes from lenders, and the support of
certain stockholders.  These factors, according to the Company,
raise substantial doubt about its ability to continue as a going
concern.

                 Liquidity and Capital Resources

"Our operating requirements have been funded primarily through
financing facilities, sales of our common stock, and loans from
shareholders and 3rd party financiers.  Currently, the Company's
cash flows do not adequately support the operating expenses of the
Company.  We received $0 in the nine months ended February 28, 2015
from the sale of our common stock.  The Company will continue to
require financing from loans and notes payable until such time as
our business has generated income sufficient to carry our operating
costs.

Cash used by operating activities for the three month period ended
August 31, 2015 was $123,078 compared to $226,178 for the same
period in 2014.  Stock-based compensation for the three month
period ended August 31, 2015 was $1,326,000 as compared to $55,623
for the three month period ended August 31, 2014.

Cash used in investing activities was $0 for the three month period
ended August 31, 2015 compared to $0 for the three month period
ended August 31, 2014.  Cash provided by financing activities was
$128,171 for the three month period ended August 31, 2015 versus
$237,333 for the three month period ended August 31, 2014.
Financing activities consisted of cash received from related
parties, promissory convertible notes payable, and notes payable,"
the Company states in the Quarterly Report.

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

                       http://is.gd/w5WMVe

                    About Domark International

Based in Lake Mary, Florida, DoMark International, Inc., was
incorporated under the laws of the State of Nevada on March 30,
2006.  The Company was formed to engage in the acquisition and
refinishing of aged furniture using exotic materials and then
reselling it through interior decorators, high-end consignment
shops and online sales.  The Company abandoned its original
business of exotic furniture sales in May of 2008 and pursued the
acquisition of entities to best bring value to the company and its
shareholders.

For the nine months ended Feb. 28, 2015, the Company reported a net
loss of $1.86 million on $0 of sales compared to a net loss of
$2.34 million on $0 of sales for the same period a year ago.


DOMUM LOCIS: Seeks Approval of Kilroy Debt for U.S. Trustee Fees
----------------------------------------------------------------
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 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.



DRD TECHNOLOGIES: Has Until Oct. 31 to File Plan
------------------------------------------------
The Hon. Clifton R. Jessup, Jr., of the U.S. Bankruptcy Court for
the Northern District of Alabama granted DRD Technologies, Inc., a
45-day extension of its exclusive period to file a plan of
reorganization and explanatory disclosure statement.

Absent extension, the Debtor's filing deadline will expire on Sept.
16, 2015.

According to the Debtor, it is in the process of marketing its
intellectual property to obtain a staking horse purchaser to
facilitate a sale through its plan of reorganization.

                      About DRD Technologies

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

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

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


DUTCH LLC: S&P Affirms 'B' CCR Then Withdraws Rating
----------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B'
corporate credit rating on Vernon, California-based apparel company
Dutch LLC.

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

"Our rating on the company at time of withdrawal reflected its
participation in a highly competitive and fragmented apparel
market, its small scale, and its narrow focus on high-end
contemporary women's apparel," said Standard & Poor's credit
analyst Mariola Borysiak.

"The rating also reflected our expectation for modest profit growth
as the company remains focused on increasing its e-commerce
business and brand awareness, and incorporated our view of the
company's moderately leveraged balance sheet, reflecting the
company's private ownership and our expectation for modest
improvement of credit measures," she added.

As of June 2015 quarter-end, the debt-to-EBITDA ratio was at 3.2x.
Liquidity was "adequate" at time of the rating withdrawal.



ENDEAVOUR INT'L: $398 Million Credit Bid Approved
-------------------------------------------------
Endeavour International Corp., et al., won approval to sell a $500
million intercompany note and the equity of its non-debtor
subsidiary in exchange for the cancellation of $398 million debt
owed to first lien noteholders.

EIC in 2012 closed on the private placement of certain notes due
March 2018 -- First Priority Notes -- issued by Wells Fargo Bank,
N.A., as trustee and collateral agent on behalf of certain
noteholders.  The First Priority Notes are secured by (i) a pledge
of 65% of the stock of EIHBV and (ii) all indebtedness owed to
Endeavour Operating Corporation ("EOC") by any foreign subsidiary,
including an intercompany note owed by non-debtor affiliate
Endeavour Energy UK Limited ("EEUK") to debtor EOC, which, as of
the Petition Date, allegedly had approximately $500 million in
principal outstanding.

The Debtors sought Chapter 11 protection with a restructuring plan
backed by creditors but later determined that the their proposed
chapter 11 plan was no longer feasible given the significant
decline in oil and gas prices and the corresponding negative impact
of such decline on their projected cash flows and business plan.

As the best alternative under the circumstances of these estates,
the Debtors negotiated a transaction with the two creditor groups
most incentivized to fund their exit from chapter 11 -- the Credit
Bid Noteholders and Ad Hoc Group of EEUK Term Loan Lenders.  The
Debtors sought authority to enter into a credit bid transaction
with these groups that will fund payment of certain of their
administrative expenses, provide an orderly wind-down of their
affairs, provide for the ongoing operation of the North Sea
operations, and lead to the dismissal of the Chapter 11 cases and
the dissolution of the Debtors.

The First Priority Notes Collateral Agent has agreed to credit bid
any amount of the noteholders' claims to purchase the Intercompany
Note and 100% of the issued and outstanding capital stock of
Endeavour International Holding B.V.

In seeking approval of the transaction, the Debtors pointed out
that the economic value of those Assets does not exceed the value
of the Priority Noteholders' secured claim of $554 million.

In its order approving the transaction, the Court held that no
other entity or group has offered to purchase the Assets for
greater overall value to the Debtors' estates than the purchaser.

According to the Court order, upon closing, $398,000,002 of the
Debtors' first lien indebtedness will be cancelled on a pro rata
basis with respect to all first priority noteholders.  The balance
of the unpaid principal and accrued interest on all of the first
lien indebtedness will remain outstanding.

The Debtors sought and obtained approval to enter into the Asset
Purchase Agreement -- Credit Bid APA -- dated as of August 3, 2015,
by and among Wells Fargo Bank, National Association, as Trustee and
Collateral Agent on behalf of the First Priority Noteholders,
Endeavour Operating Corporation ("EOC"), as Seller, Endeavour
International Corporation ("EIC"), and certain of the holders of
the Notes due March 2018 (the "First Priority Notes," all of such
holders being referred to as the "First Priority Noteholders"),
specifically, Apollo Capital Management, L.P., Aristeia Capital
LLC, and Avenue Investments, L.P.

A copy of the Sale Order is available for free at:

     http://bankrupt.com/misc/End_Int_985_CB_Sale_Order.pdf

Judge Carey also granted the Debtors' request to modify the Court's
Adequate Protection Order to provide that any proceeds from the
sale payable to the First Priority Notes Collateral Agent will be
directed into the wind down account.  The proceeds from the Sale
will be applied to the Wind Down Expenses in accordance with the
provisions of the Credit Bid APA.  A copy of the order is available
for free at:

      http://bankrupt.com/misc/End_Int_986_Adeq_Prot.pdf

The Official Committee of Unsecured Creditors withdrew its
objection to the sale transaction after reaching a $3.2 million
settlement.  Wilmington Trust also withdrew its objection.

                   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.

                        *     *     *

The Debtors filed a reorganization plan that was supported by
holders of secured notes and convertible bonds.  The plan would
have given a 15% recovery for general unsecured creditors.  In
April 2015, the Debtor announced that, as a result of recent
declines in oil and gas prices, the Company withdrew the proposed
Plan.


ENDEAVOUR INT'L: Dismissal Okayed After $3.2M UCC Settlement
------------------------------------------------------------
Endeavour International, et al., won entry of an order dismissing
their Chapter 11 cases on the terms agreed with the unsecured
creditors' committee.

Judge Kevin J. Carey on Oct. 16, 2015, approved the dismissal of
the Chapter 11 cases, and the letter agreement among the Debtors
and the Committee, as of Oct. 16, 2015.

Pursuant to the terms of the Letter Agreement, EOC is authorized to
make pro rata 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 LLC, in the aggregate
amount of $53,659 for distribution to holders of liquidated,
undisputed, non-contingent general unsecured claims against EOC,
other than debt claims;

    (ii) to holders of guarantee claims against the Debtors on
account of the $135 million in aggregate principal amount of 5.5
percent convertible notes due 2016 (the "5.5% Convertible Notes")
in the aggregate amount of $1,362,509;

   (iii) to holders of guarantee claims against the Debtors on
account of the $17.5 million in aggregate amount of 6.5 percent
convertible notes due 2017 (the "6.5% Convertible Notes") in the
aggregate amount of $178,450, and

    (iv) to Wilmington Trust, National Association, in its capacity
as indenture trustee, for distribution to holders of the $150
million in the aggregate principal amount of 12% notes due June
2018 (the June 2018 Notes") in accordance with and as provided
under the terms and provisions of the June 2018 Notes indenture on
account of such June 2018 Noteholders' allowed unsecured deficiency
claims against the Debtors in the aggregate amount of $1,606,382;

provided, however, that the Settlement Payment will not be used to
satisfy:

     (a) unsecured deficiency claims asserted by holders of the
$404.0 million in aggregate principal amount of 12% notes due March
2018 against the Debtors; and

     (b) any administrative expense claims asserted against any of
the Debtors' or

     (c) the claim against the Debtors on account of the $83.9
million in aggregate principal amount of unsecured 7.5% convertible
bonds issued by Endeavour Energy Luxembourg S.a.rl. due Jan. 24,
2016.

The Creditors Committee had previously preferred a Chapter 7
liquidation rather than a structured dismissal of the Chapter 11
cases, as the Debtors' proposed resolution of the Chapter 11 cases
does not provide a return to unsecured creditors.

The Debtors insisted that dismissal, not conversion, is in the best
interests of their creditors and estates.  Absent the consummation
of the Credit Bid Transaction, the Debtors will have insufficient
funds to pay their administrative expenses.  Under the Debtors'
original proposal, the Debtors' approximately $400 million in
unsecured creditors would receive nothing.

After reaching the $3.2 million settlement with the Debtors, the
Unsecured Creditors Committee withdrew its:

     -- motion for derivative standing to pursue claims against the
Debtor's estate,

     -- objection to claims of the EEUK Secured Parties,

     -- motion to convert the Chapter 11 cases to Chapter 7
liquidation, and

     -- objection to the Credit Bid Asset Purchase Agreement.

In the Oct. 16 ruling, Judge Carey denied and overruled any formal
and informal objections that have not been withdrawn and resolved.

Attorneys for the Debtors:

         Mark D. Collins, Esq.
         Zachary I. Shapiro, Esq.
         Rachel L. Biblo, Esq.
         RICHARDS, LAYTON & FINGER, P.A.
         One Rodney Square
         920 North King Street
         Wilmington, DE 19801
         Telephone: (302) 651-7700
         Facsimile: (302) 651-7701
         E-mail: collins@rlf.com
                 shapiro@rlf.com
                 biblo@rlf.com

               - and -

         Gary T. Holtzer, Esq.
         Stephen A. Youngman, Esq.
         WEIL, GOTSHAL & MANGES LLP
         767 Fifth Avenue
         New York, NY 10153
         Telephone: (212) 310-8000
         Facsimile: (212) 310-8007
         E-mail: gary.holtzer@weil.com
                 stephen.youngman@weil.com

The Creditors Committee's counsel:

         Evan T. Miller, Esq.
         Neil B. Glassman, Esq.
         Scott D. Cousins, Esq.
         Evan T. Miller, Esq.
         BAYARD, P.A.
         222 Delaware Avenue, Suite 900
         Wilmington, DE 19801
         Tel: (302) 655-5000
         Fax: (302) 658-6395
         E-mail:nglassman@bayardlaw.com
                scousins@bayardlaw.com
                emiller@bayardlaw.com

              - and -

         Demetra L. Liggins, Esq.
         THOMPSON & KNIGHT LLP
         Three Allen Center
         333 Clay Street, Suite 3300
         Houston, TX 77002
         Tel: (713) 951-5884
         Fax: (832) 397-8052
         E-mail:Demetra.Liggins@tklaw.com

              - and -

         David M. Bennett, Esq.
         Cassandra Sepanik Shoemaker, Esq.
         THOMPSON & KNIGHT LLP
         One Arts Plaza
         1722 Routh Street, Suite 1500
         Dallas, TX 75201-2533
         Tel: (214) 969-1700
         Fax: (214) 969-1751
         E-mail: David.Bennett@tklaw.com
                 Cassandra.Shoemaker@tklaw.com

Counsel for the Ad Hoc Group of First Priority Noteholders:

         Daniel B. Butz, Esq.
         Robert J. Dehney, Esq.
         Daniel B. Butz, Esq.
         MORRIS, NICHOLS, ARSHT & TUNNELL LLP
         1201 North Market Street
         Wilmington, DE 19801
         Telephone: (302) 658-9200
         Facsimile: (302) 658-3989
         E-mail: rdehney@mnat.com
                 dbutz@mnat.com

                 - and -

         Dennis F. Dunne, Esq.
         David S. Cohen, Esq.
         Michael E. Comerford, Esq.
         MILBANK, TWEED, HADLEY & McCLOY LLP
         28 Liberty Street
         New York, NY 10005
         Telephone: (212) 530-5000
         E-mail: ddunne@milbank.com
                 dcohen2@milbank.com
                 mcomerford@milbank.com

Counsel to the Wilmington Trust:

         Andrew I. Silfen, Esq.
         Leah M. Eisenberg, Esq.
         ARENT FOX LLP
         1675 Broadway
         New York, New York 10019
         Telephone: (212) 484-3900
         Facsimile: (212) 484-3990

                 - and -

         Christopher A. Ward, Esq.
         Jarrett Vine, Esq.
         POLSINELLI PC
         222 Delaware Avenue, Suite 1101
         Wilmington, DE 19801
         Telephone: (302) 252-0920
         Facsimile: (302) 252-0921

                   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.

                        *     *     *

The Debtors filed a reorganization plan that was supported by
holders of secured notes and convertible bonds.  The plan would
have given a 15% recovery for general unsecured creditors.  In
April 2015, the Debtor announced that, as a result of recent
declines in oil and gas prices, the Company withdrew the proposed
Plan.


ENSECO ENERGY: Chapter 15 Case Summary
--------------------------------------
Chapter 15 Petitioner: PricewaterhouseCoopers Inc., as receiver

   Chapter 15 Debtors                        Case No.
   ------------------                        --------
   Enseco Energy Services USA Corp.          15-21821
   1801 Broadway, Suite 820
   Denver, CO 80202

   Enseco Energy Services Corp.              15-21823
   800, 138 - 4th Avenue S.E.
   Calgary, AB T2G 4Z6

Chapter 15 Petition Date: October 23, 2015

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Hon. Sidney B. Brooks

Chapter 15 Petitioner's Counsel: Brent R. Cohen, Esq.
                                 LEWIS ROCA ROTHGERBER LLP
                                 1200 17th St., Ste. 3000
                                 Denver, CO 80202
                                 Tel: 303-623-9000
                                 Email: bcohen@lrrlaw.com

                                   Estimated      Estimated
                                     Assets      Liabilities
                                 ------------    -----------
Enseco Energy Services USA        $500K-$1MM     $10MM-$50MM
Enseco Energy Services Corp.      $1MM-$10MM     $10MM-$50MM


ERF WIRELESS: Signs Purchase Agreement with NetWrk Access
---------------------------------------------------------
ERF Wireless, Inc., entered into an asset purchase agreement
effective as of Oct. 19, 2015, with NetWrk Access National LLC,
according to a regulatory filing with the Securities and Exchange
Commission.  

The agreement involves the sale by the Company of certain assets
currently being utilized in its Energy Broadband, Enterprise
Network services, and Wireless Bundled Services subsidiaries.  The
Agreement is for Netwrk Access to utilize the acquired assets, in
conjunction with its other business operations, and to continue the
wireless operations and operate the current networks in the West
Texas, Eagle Ford Shale, Central Texas, and Louisiana regions while
the Company will continue to own and operate the networks in the
Gulf Coast Region as part of the public company.  The purchase
price, was not disclosed, but includes the Purchaser assuming
and/or paying off certain of the Company's liabilities as well as
providing certain transitional services to the Company over the
next two years.

                         About ERF Wireless

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

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

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


FEDERAL RESOURCES: Wants Until Feb. 16 to Solicit Plan Votes
------------------------------------------------------------
Federal Resources Corporation and Camp Bird Colorado, Inc., ask the
U.S. Bankruptcy Court for the District of Utah to extend until Feb.
29, 2016, their exclusive period to solicit acceptances for the
Plan of Liquidation.

According to the Debtors, they are negotiating in good faith with
the Government, Caldera, and third parties related to the potential
sale or lease of some or all of its assets.  The Debtors have yet
to reach a mutually agreeable resolution and need additional time
to pursue the negotiations and to attempt to confirm its Plan.  The
Debtors' primary asset is the Camp Bird Mine.

The Debtors' exclusive solicitation period expires on Oct. 30,
2015.

The Debtors are represented by:

         David E. Leta, Esq.
         Andrew V. Hardenbrook, Esq.
         SNELL & WILMER L.L.P.
         15 W South Temple, Suite 1200
         Salt Lake City, UT 84101
         Tel: (801) 257-1900
         Fax: (801) 257-1800
         E-mails: dleta@swlaw.com
                  ahardenbrook@swlaw.com

                      About Federal Resources

Federal Resources Corporation, along with subsidiary Camp Bird
Colorado, Inc., sought Chapter 11 bankruptcy protection (Bankr. D.
Utah Case No. 14-33427 and 14-33428) in Salt Lake City on Dec. 29,
2014.  The Debtors are represented by David E. Leta, Esq., at Snell
& Wilmer, in Salt Lake City.

The Chapter 11 cases and any associated open adversary proceedings
are assigned to Judge Kevin R. Anderson.

Federal and Camp Bird each estimated $10 million to $50 million in
asset and debt.  

The Debtors sought Chapter 11 bankruptcy protection with plans to
sell subsidiary Camp Bird's gold mine in Ouray, Colorado to pay off
creditors.

Federal Resources is a Nevada Corporation that was formed in 1960
as a result of a merger between Radorock Resources, Inc., and
Federal Uranium Corporation.  Federal currently has only two
assets: (1) 100% of the stock of Camp Bird, a Colorado corporation
and (2) 100% interest in a Madawaska Mines Limited, a Canadian
corporation doing business in Ontario Canada.

Camp Bird's principal assets consist of patented gold mining claims
and related land located in Ouray, Colorado.  Camp Bird also is the
sole owner of Camp Bird Tunnel, Mining and Transportation Company
("CTMT"), which owns various water and tunnel rights used and
associated with the Camp Bird properties.

Madawaska Mines owns a 5l% interest in a joint venture, which holds
the Madawaska Mine near Bancroft, Ontario.


FRONTIER STAR: Court Orders Joint Administration of Ch. 11 Cases
----------------------------------------------------------------
The Hon. Eddward P. Ballinger Jr., of the U.S. Bankruptcy Court for
the District of Arizona ordered that the case of Frontier Star,
LLC, with Case No. 15-09383, be jointly administered with the case
of Frontier Star CJ, LLC, Case No. 15-09385.

The Court also ordered that the order is for joint administration
only and not a substantive consolidation.

As reported by The Troubled Company Reporter on Aug. 5, 2015,
according to Philip G. Mitchell, Esq., at The Cavanagh Law Firm,
P.A., in Phoenix, Arizona, both the Debtors share the identical
sole member and management, therefore, the Chapter 11 plan of
reorganization will be almost identical for each Debtor.  Moreover,
joint administration will ease the procedural burden on the Court
and the parties.

                       About Frontier Star

Guadalupe, Arizona-based Frontier Star LLC and Frontier Star CJ LLC
are owned by three grandchildren of Carl Karcher, who founded the
fast-food chain.  The grandchildren include the LeVecke siblings
Carl, Margaret and Jason, who is listed as chief executive
officer/manager of both companies.  The LeVecke siblings had more
than 130 Carl's Jr. and Hardee's franchises in seven states and
Puerto Vallarta, Mexico, as of late 2013, according to an Arizona
Republic article that announced the grand opening of a new
sports-themed Carl's Jr. restaurant in Glendale.

On Aug. 13, 2015, the Hon. Eddward P. Ballinger Jr., ordered that
the case of Frontier Star, LLC, be jointly administered with the
case of Frontier Star CJ, LLC.

The Debtor disclosed total assets of $71,911,119 and total
liabilities of $27,335,663 as of the Chapter 11 filing.


GENIUS BRANDS: Michael Handelman Continues to Serve as CFO
----------------------------------------------------------
Genius Brands International, Inc., entered into a Memorandum
Regarding Services with Michael D. Handelman CPA, its chief
financial officer, effective as of Nov. 1, 2015.  The November
Memorandum of Services supersedes the previous agreement between
the Company and Mr. Handelman dated June 26, 2015.

Pursuant to the November Memorandum of Services, Mr. Handelman will
continue his engagement as the Company's chief financial officer
for a period of one year from the effective date, subject to
renewal, in consideration for a fee of $10,000 per month plus
reimbursement of certain out-of-pocket expenses.

                       About Genius Brands

Beverly Hills, Calif.-based Genius Brands International, Inc.,
creates and distributes music-based products which it believes are
entertaining, educational and beneficial to the well-being of
infants and young children under its brands, including Baby Genius
and Little Genius.

Genius Brands reported a net loss of $3.72 million in 2014, a net
loss of $7.21 million in 2013, a net loss of $2.06 million in
2012 and a net loss of $1.37 million in 2011.

As of June 30, 2015, the Company had $16.44 million in total
assets, $4.33 million in total liabilities and $12.11 million in
total equity.


GREAT BASIN: Gets Grace Period to Comply with NASDAQ Listing Rules
------------------------------------------------------------------
Great Basin Scientific, Inc. on Oct. 20 disclosed that on October
14, 2015, the Company received notice from the NASDAQ Listings
Qualifications Staff indicating that the Company did not satisfy
the minimum $35 million market value of listed securities and $1.00
bid requirements for continued listing on The NASDAQ Capital
Market, as set forth in NASDAQ Listing Rules 5550(b) and 5550(a)
price, respectively.  In accordance with the NASDAQ Listing Rules,
the Company has been provided a grace period of 180 calendar days,
through April 11, 2016, to evidence compliance with the Rules.  In
order to satisfy the Rules, the Company must evidence a market
value of listed securities of at least $35 million and a closing
bid price of at least $1.00 per share for a minimum of 10
consecutive business days (and generally not more than 20 business
days) on or before April 11, 2016.  The notice has no effect on the
listing or trading of the Company's common stock on The NASDAQ
Capital Market at this time.

The Company is considering its options to address the deficiencies,
including as previously announced to file a proxy for a special
shareholders meeting to solicit a vote on the implementation of a
reverse stock split to evidence compliance with the $1.00 bid price
requirement.

In the event the Company does not regain compliance with the
minimum bid price rule within the 180-day grace period, it may be
eligible to receive an additional 180-day grace period; provided,
that the Company meets the continued listing requirement for market
value of publicly held shares and all other initial listing
standards for The NASDAQ Capital Market, including the market value
of its listed securities with the exception of the bid price rule,
and provides written notice of its intention to cure the bid price
rule deficiency during the second 180-day grace period, by
effecting a reverse stock split, if necessary.  The 180-day grace
period is not available for regaining compliance with the minimum
market value of listed securities rule.

               About Great Basin Scientific

Great Basin Scientific -- http://www.gbscience.com-- is a
molecular diagnostics company that commercializes breakthrough
chip-based technologies.  The Company is dedicated to the
development of simple, yet powerful, sample-to-result technology
and products that provide fast, multiple-pathogen diagnoses of
infectious diseases.  The Company's vision is to make molecular
diagnostic testing so simple and cost-effective that every patient
will be tested for every serious infection, reducing misdiagnoses
and significantly limiting the spread of infectious disease.



GREAT LAKES: S&P Lowers CCR to 'B-'; Outlook Developing
-------------------------------------------------------
Standard & Poor's Ratings Services said that it has lowered its
corporate credit rating on Oak Brook, Ill.-based Great Lakes Dredge
& Dock Corp. to 'B-' from 'B'.  The outlook is developing.

At the same time, S&P lowered its issue-level rating on the
company's senior unsecured notes to 'B-' from 'B'.  The '4'
recovery rating is unchanged, indicating S&P's expectation for
average recovery (30%-50%; upper half of the range) in the event of
default.

"The downgrade reflects our belief that Great Lakes' credit
measures will be weaker than we had expected due to unanticipated
project losses and delays and a lower-than-anticipated level of new
business in the company's environmental and remediation segment,"
said Standard & Poor's credit analyst Michael Durand.
"Additionally, the company has stated that it continues to be
uncertain about the conditions in this segment, leading it to
withdraw its EBITDA guidance for 2015."  As a result, S&P expects
that Great Lakes' free operating cash flow (FOCF) will remain
negative and that the headroom under the leverage covenant on the
company's revolver will decline.

The developing outlook on Great Lakes reflects the potential that
S&P may upgrade the company if its operating performance
significantly improves or if its recently announced strategic
review leads to a material reduction in its debt.  The developing
outlook also reflects the potential that S&P may downgrade the
company if it continues to face challenging operating conditions,
particularly in its environmental and remediation segment.  S&P
will continue to monitor all of the future developments related to
Great Lakes' strategic review and its operating performance.

S&P could raise its rating on Great Lakes if an improved operating
performance allows the company to maintain sustainable positive
free operating cash flow, a debt-to-adjusted EBITDA metric of
around 4x, and headroom of 15% or more under the covenants on its
revolver.  Additionally, S&P could raise the rating if the
company's strategic review somehow decreases its debt balance and
S&P's assessment of Great Lakes' business risk profile is not
negatively affected.

S&P could lower its rating on Great Lakes if the company's cash
flow turns meaningfully negative and S&P views its financial
obligations and capital structure as unsustainable over the long
term.



HDGM ADVISORY: Has Until Dec. 27 to Solicit Plan Acceptances
------------------------------------------------------------
The Hon. James M. Carr of the U.S. Bankruptcy Court for the
Southern District of Indiana extended until Dec. 27, 2015, the
period by which HDGM Advisory Services, LLC, et al., has exclusive
right to solicit acceptances for the Joint Plan of Reorganization.

AS reported by the Troubled Company Reporter on Sept. 28, 2015, the
Debtors believe that the fourth requested extension was consistent
with sound case management, and will allow the Debtors' management
and other parties in interest, namely the Examiner and other
creditor constituencies, adequate time to investigate claims
against Harold Garrison and others and to obtain recoveries
therefrom.  The Debtors seek a 90-day extension of exclusivity to
finalize multiple party negotiations, document deals, if any, and
to prosecute a Plan or global settlement arrangement and
dismissal.

             About HDGM Advisory Services

HDGM Advisory Services, LLC ("MAS") and HDG Mansur Investments
Services, Inc. ("MISI") invest in and develop real estate around
the world.  They also provided management and investment services
to real estate funds that were set up as an investment vehicle for
religious Muslims.  MISI developed Finzels Reach, a real estate
development in Bristol England.  MAS and MISI are directly
or indirectly owned by Harold D. Garrison, who is also a debtor in
possession in a separate chapter 11 case.

MAS and MISI sought Chapter 11 bankruptcy protection (Bankr. S.D.
Ind. Case No. 14-04797 and 14-04798) in Indianapolis, Indiana, on
May 21, 2014.  On May 28, 2014, the Hon. James M. Carr directed
the joint administration the cases, under the lead case -- HDGM
Advisory, Case No. 14-04797.

MAS disclosed $20.3 million in assets and $7.99 million in
liabilities as of the Chapter 11 filing.  MISI disclosed $20.4
million in assets and $12.4 million in liabilities.  According to
a court filing, the Debtors don't have any secured creditors.

The Debtors have tapped Michael W. Hile, Esq., and Christine K.
Jacobson, Esq., at Katz & Korin PC, as counsel.

An affiliate of the Debtors, Hamilton Proper Partners Golf
Partnership, L.P., sought bankruptcy protection (Bankr. S.D. Ind.
Case No. 14-00461) on Jan. 24, 2014.

On Nov. 10, 2014, Debtors filed their First Amended Joint Plan of
Reorganization and their Disclosure Statement.  In the Amended
Plan, the Debtors proposed that their estates be liquidated by a
Liquidating Trust that would liquidate assets and claims and
distribute recoveries in accord with the practices of the
Bankruptcy Code.


HERCULES OFFSHORE: Morris Nichols Approved as Delaware Co-Counsel
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Hercules Offshore, Inc., et al., to employ Morris, Nichols, Arsht &
Tunnell LLP as Delaware bankruptcy co-counsel nunc pro tunc to the
Petition Date.

According to the Debtors, Morris Nichols attorneys have become
familiar with the Debtors and their business and financial affairs
through assisting the Debtors and the Debtors' lead counsel, Baker
Botts L.L.P, with preparing the prepackaged Chapter 11 cases for
filing.

Morris Nichols is expected to, among other things:

   (a) take all necessary actions to protect and preserve the
Debtors' estates during these chapter 11 cases, including the
prosecution of actions by the Debtors, the defense of any actions
commenced against the Debtors, negotiations concerning litigation
in which the Debtors are involved, and objecting to claims filed
against the estates;

   (b) prepare or coordinate preparation on behalf of the Debtors,
as debtors in possession, any necessary motions, applications,
answers, orders, reports, and papers in connection with the
administration of the chapter 11 cases; and

   (c) counsel the Debtors with regard to their rights and
obligations as debtors in possession.

Robert J. Dehney, a partner at Morris Nichols, in Wilmington,
Delaware, relates that the Debtors retained Morris Nichols under an
advance payment retainer pursuant to an engagement letter executed
by the Debtors on June 23, 2015.  On June 23, Morris Nichols
received a payment of $50,000 as an advance fee for services.
Morris Nichols also received additional payments.  After
application of fees and expenses, Morris Nichols currently holds a
balance of $100,169.  Morris Nichols has not been paid any other
compensation by the Debtors and Morris Nichols is not a creditor of
the Debtors.

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

Mr. Dehney said that Morris Nichols intends to use its reasonable
best efforts to comply with the Guidelines for Reviewing
Applications for Compensation and Reimbursement of Expenses filed
under Section 330 by attorneys in larger cases, effective as of
Nov. 1, 2013.  

To that end, Morris Nichols provides these statements in response
to the request for additional information set forth in Part D.1. of
the Appendix B Guidelines:

   Question:          Did you agree to any variations from, or
                      alternatives to, your standard or customary
                      billing arrangements for the engagement?

   Response:          No.

   Question:          Do any of the professionals included in this

                      engagement vary their rate based on the
                      geographic location of the bankruptcy case?

   Response:          No.

   Question:          If you represented the client in the 12
months
                      prepetition, disclose your billing rates and

                      material financial terms for the prepetition

                      engagement, including any adjustments during

                      the 12 months prepetition.  If your billing
                      rates and material financial terms have
changed
                      postpetition, explain the difference and the

                      reasons for the difference.

   Response:          Morris Nichols was retained by the Debtors
                      pursuant to the engagement agreement dated
                      June 23, 2015.  The billing rates and
material
                      terms of the prepetition engagement are the
                      same as the rates and terms described in the

                      Dehney Declaration.

   Question:          Has your client approved your prospective
                      budget and staffing plan, and, if so, for
what
                      budget period?

   Response:          As noted above, the Debtors are seeking a
                      limited, conditional waiver of the Appendix B

                      Guidelines.

                      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.

                           *     *     *

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


HERCULES OFFSHORE: S&P Gives Prelim. CCC+ Rating on New $450MM Loan
-------------------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned a
preliminary 'CCC+' issue-level rating and preliminary '3' recovery
rating to Houston–based Hercules Offshore Inc.'s proposed $450
million first-lien term loan maturing in 2020.  The '3' preliminary
recovery rating indicates S&P's expectation of meaningful (high end
of the 50% to 70% range) recovery in the event of default.

The company will use proceeds from the term loan to fund liquidity
for the company's ongoing operations and for the final payment for
the Hercules Highlander.

Assuming the company emerges from bankruptcy protection under terms
S&P currently expects, it will revise the issue-level and recovery
ratings on the company's $450 million first-lien term loan from
preliminary to final.  In addition, S&P plans to raise the
corporate credit rating on Hercules Offshore to 'CCC+', with a
negative outlook, on emergence from bankruptcy.  S&P expects the
company to emerge from bankruptcy around the end of October.

RECOVERY ANALYSIS

Key analytical factors:

   -- S&P's simulated default scenario contemplates a payment
      default in 2017, following weak commodity prices, long
      delays in the start-ups of offshore projects, and continued
      reduced demand for rigs and marine services, exacerbated by
      excess equipment capacity in the market.  S&P assumes that
      these pressures continue to depress Hercules' utilization
      and day rates, revenue, and profitability and lead to a
      payment default.

   -- Hercules' vessels are deployed in various offshore locations

      throughout the world.  Accordingly, the legal regimes of
      multiple jurisdictions, including principles of insolvency
      law and maritime law, could be relevant considerations in a
      default scenario.  S&P's recovery analysis assumes that
      Hercules files for bankruptcy and reorganizes in the U.S.
      under Chapter 11 of the U.S. Bankruptcy Code because the
      company's headquarters are in Texas and U.S. laws govern its

      debt.

   -- To value the company, S&P used a discrete asset valuation in

      which it took a haircut to the company's most valuable rigs
      (Hercules Highlander, Hercules Triumph, Hercules, and
      Resilience).

Simulated default and valuation assumptions:

   -- Simulated year of default: 2017
   -- Gross enterprise value: $320 million
       ------------------

Simplified waterfall:

   -- Net enterprise value (after 7% administrative costs):
      $300 million
   -- Secured first-lien debt: $475 million
   -- Recovery expectations: 50% to 70% (high end of the range)
   -- Total value available to unsecured claims: N.A.
   -- Senior unsecured debt claims: N.A.
   -- Recovery expectations: N.A.

Note: All debt amounts include six months of prepetition interest.
N.A.--Not applicable.

RATINGS LIST

Hercules Offshore Inc.
Corporate credit rating                      D

New Ratings
Hercules Offshore Inc.
Senior secured
$450 mil proposed first-lien term loan      CCC+ (prelim)
  Recovery rating                            3H (prelim)



HOWREY LLP: Ch 11 Trustee, Creditors Panel Want Case Back to Ch 7
-----------------------------------------------------------------
Joyce E. Cutler at Bloomberg BNA reports that Chapter 11 Trustee
Allan Diamond and the Official Committee of Unsecured Creditors in
the Chapter 11 bankruptcy case of Howrey LLP jointly filed a motion
on Oct. 20, 2015, seeking to convert the case back to a Chapter 7
liquidation due to failed efforts to obtain a "severe voluntary
reduction" in landlord claims along with continued Chapter 11
expenses and the "absence of a reasonable likelihood of a
successful plan within the next year."

Bloomberg BNA quoted the Committee and the Chapter 11 Trustee as
saying, "Simply stated, despite their best efforts it is now
apparent to both the Trustee and the Committee that there is no
viable pathway to a consensual plan in this Chapter 11 case absent
perhaps years of further litigation having an uncertain outcome
with respect to the Unfinished Business Litigation."

According to court documents, the Chapter 11 Trustee and the
Committee obtained almost $80 million in cash collections and
"millions more in future recoveries from structured settlements as
well as millions of dollars in monetized contingency fee case
interests awaiting final allocation and distribution to the
estate."

Bloomberg BNA relates that the Hon. James Donato of the U.S.
District Court for the Northern District of California rejected the
arguments of William McGrane, Esq., who represented the Company's
creditors, that U.S. Bankruptcy Judge Dennis Montali abused his
discretion in a final fee order citing ethical conflicts in
disallowing $46,325 in fees sought by McGrane and McGrane LLP
(MLLP).  According to the report, Judge Donato said that Mr.
McGrane overreached in arguing that bankruptcy law and rules bar a
finding of misconduct under the California Rules of Professional
Conduct Rule 3-310(E), which bars use of confidential information
material to the employment that is adverse to the former client.

The report quoted Judge Donato as saying, "None of McGrane's and
MLLP's arguments come close to disturbing the bankruptcy court's
conduct determinations.  Appellants fire a blunderbuss of
criticisms but fail to meaningfully address, let alone somehow
justify or excuse, the acts of disloyalty catalogued by the
bankruptcy court and the finding they 'espose[d] a position that
jeopardize[d] the interests of the Committee for the benefit of
another client' in the Howrey matter."

                        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.


HOWREY LLP: Creditors' Former Counsel Can't Contest Slashed Fees
----------------------------------------------------------------
Daniel Langhorne at Bankruptcy Law360 reported that a California
federal judge on Oct. 18, 2015, affirmed a bankruptcy judge's
reduction of an attorney's fees after holding that he breached his
ethical duty following his withdrawal as co-counsel for the
official committee of unsecured creditors of defunct Howrey LLP and
subsequent counseling of individual creditors.

U.S. District Judge James Donato said that none of attorney William
McGrane and McGrane LLP's arguments came close to disturbing the
bankruptcy court's conduct determinations and its award of about
$32,000 in fees.

                         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.


IFS FINANCIAL: 5th Cir. Affirms Order Removing Ch. 7 Trustee
------------------------------------------------------------
The United States Court of Appeals for the Fifth Circuit affirmed
the District Court's Judgement affirming the Bankruptcy Court's
Orders removing W. Steve Smith as Chapter 7 trustee for IFS
Financial Corporation.

Mr. Smith engaged his firm to work for the estate with court
approval.  Smith, his lead appellate attorney and wife Blanche
Smith, and their two children traveled to New Orleans for an oral
argument.  They arrived three days early and stayed the night
afterwards.  Smith later submitted a large, unitemized bill for his
firm's work that included a request to distribute $3,486 in estate
funds to his firm for trip expenses.  The bankruptcy court
disallowed much of the requested amount and ordered Smith to show
why he should not be removed as trustee.  After a hearing, the
court removed Smith, in part because his prior conduct convinced it
that his conduct in this case was intentional.  Smith was also
removed in all of his other pending cases.  He appealed the
removals. The district court affirmed the bankruptcy court's
orders.

The appeals case is W. STEVE SMITH, Appellant, v. JUDY A. ROBBINS,
United States Trustee; BLITZ HOLDINGS CORPORATION, Appellees, No.
14-20588 (5th Cir.), In the Matter of: IFS FINANCIAL CORPORATION,
Debtor.

A full text of the Order dated September 25, 2015 is available at
http://is.gd/siNUZcfrom Leagle.com.

On January 3, 2005, the affiliated cases were ordered jointly
administered.  IFS's debtor-affiliates are: Circle Investors, Inc.
Comstar Mortgage Corporation, IFS Insurance Holdings Corporation,
Interstar Investment Corp., Interamericas, Ltd., Interamericas
Investments Ltd., Interamericas Holdings, Inc., Interamericas
Financial Holdings Corp., Amper International, Ltd., Amper Ltd.,
Orbost Ltd., and MP Corp. (Case Nos. 02-39553, 04-34514, 04-34515,
04-34516, 04-34517, 04-34519, 04-34520, 04-34521, 04-34523, 04-
34525, 04-34526, 04-34529, 04-34530).


IMMOKALEE TOMATO: Case Summary & 3 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                         Case No.
      ------                                         --------
      Immokalee Tomato Growers Partnership           15-10695
      891 Cowboy Way
      Labelle, FL 33935

      Flatwoods Citrus Groves, Inc.                  15-10697
      891 Cowboy Way
      Labelle, FL 33935

      Nobles Farms, Inc.                             15-10698
      891 Cowboy Way
      Labelle, FL 33935

      Southwest Florida Holding Co., Inc.            15-10713
      891 Cowboy Way
      Labelle, FL 33935

Chapter 11 Petition Date: October 23, 2015

Court: United States Bankruptcy Court
       Middle District of Florida (Ft. Myers)

Debtors' Counsel: Michael C Markham, Esq.
                  JOHNSON POPE BOKOR RUPPEL & BURNS LLP
                  Post Office Box 1100
                  Tampa, FL 33601-1100
                  Tel: 813-225-2500
                  Fax: 813-223-7118
                  Email: mikem@jpfirm.com

                                   Estimated    Estimated
                                    Assets     Liabilities  
                                  ----------   -----------
Immokalee Tomato Growers          $0-$50,000   $1MM-$10MM
Flatwoods Citrus Groves           $0-$50,000   $100K-$500K
Nobles Farms, Inc.                $0-$50,000   $100K-$500K
Southwest Florida Holding         $0-$50,000   $100K-$500K

The petition was signed by Lewis J. Nobles, III, partner.

A list of Immokalee Tomato Growers three largest unsecured
creditors is available for free at:

             http://bankrupt.com/misc/flmb15-10695.pdf

A list of Flatwoods Citrus Groves three largest unsecured creditors
is available for free at:

             http://bankrupt.com/misc/flmb15-10697.pdf

A list of Nobles Farms, Inc.'s three largest unsecured creditors is
available for free at http://bankrupt.com/misc/flmb15-10698.pdf

A list of Southwest Florida Holding three largest unsecured
creditors is available for free at:

             http://bankrupt.com/misc/flmb15-10713.pdf


JAN SCHMALENBERG: Objection to Westside Bank's $1MM Claim Denied
----------------------------------------------------------------
Judge Paul B. Snyder of the United States Bankruptcy Court for the
Western District of Washington, at Tacoma, denied Jan and Barbara
Schmalenberg's objection to Claim No. 12 filed by Westside
Community Bank, after determining that the Debtors failed to meet
their burden of proof in establishing that they are entitled to
setoff, recoup or equitably disallow the claim.

The Debtors filed for bankruptcy under Chapter 11 on July 30, 2012.
The Debtors' bankruptcy Schedule B-Personal Property lists no
claim of setoff, recoupment, or other equitable claim against
Westside Bank.  On December 31, 2012, Westside Bank filed a proof
of claim against the Debtors for $1,028,124, with $836,412
designated as secured and $191,711 as unsecured.  On January 11,
2013, Westside Bank, which was co-founded by Jan Schmalenberg, was
closed by the Washington State Department of Financial Institutions
and the Federal Deposit Insurance Corporation was named as
receiver. Sunwest is a successor in interest to the FDIC as
receiver and is the holder of Claim No. 12, which was filed by
Westside Bank.

On August 13, 2015, an objection was filed by the Debtors to
set-off, recoup, or to equitably disallow Westside's claim, which
is currently held by Sunwest Bank.  The parties agreed to waive any
procedural defects resulting from a failure, if any, to file an
adversary proceeding requesting equitable relief.

The case is captioned In re: JAN W. SCHMALENBERG and BARBARA A.
SCHMALENBERG, Debtors, CASE NO. 12-45274 Bankr. W.D. Wash.).

A full-text copy of Judge Snyder's memorandum decision dated
September 17, 2015, is available at http://is.gd/sOXgLzfrom
Leagle.com.


LAWRENCE KATES: Order Denying Post-Confirmation Claim Affirmed
--------------------------------------------------------------
Judge John C. Coughenour of the United States District Court for
the Western District of Washington, Seattle, affirmed the ruling of
the Bankruptcy Court denying Lawrence Kates' post-confirmation
claim.

In June 2010, the Bankruptcy Court confirmed Mr. Kates' Chapter 11
plan of liquidation and appointed the Stapleton Group, Inc., as the
plan administrator.  The Plan and the accompanying Agreement for
Plan Administration required the Stapleton Group to supervise Kates
and to consult with a post-confirmation committee of unsecured
creditors regarding post-confirmation estate administration and
asset liquidation.  On November 6, 2014, Mr. Kates filed a
post-confirmation claim for five billion dollars against the
Stapleton Group, the PCC and its members, and a number of related
parties.  The Bankruptcy Court disallowed the claim because he
failed to satisfy his evidentiary burden and failed to appear at
the hearing.  Mr. Kates appealed.

The case is captioned LAWRENCE KATES, Appellant, v. STAPLETON
GROUP, INC., et al., Appellees, CASE NO. C15-0595 JCC (W.D.
Wash.).

A full-text copy of Judge Coughenour's Order dated September 18,
2015, is available at http://is.gd/S3EQfffrom Leagle.com.

Lawrence Kates, Debtor, Appellant, represented by David W. Bever,
Esq. -- bever@carneylaw.com -- CARNEY BADLEY SPELLMAN, Jason M
Kettrick, Esq. -- kettrick@carneylaw.com -- CARNEY BADLEY SPELLMAN
& Mark Douglas Northrup, Esq. -- mark.northrup@millernash.com --
MILLER NASH GRAHAM & DUNN LLP.

United States Trustee, Appellee, represented by Martin L Smith, US
TRUSTEE.

Stapleton Group Inc, Plan Administrator, Appellee, represented by
Bruce W Leaverton, Esq. -- leavertonb@lanepowell.com -- LANE POWELL
PC & Tereza Simonyan, Esq. -- SimonyanT@lanepowell.com -- LANE
POWELL PC.

Official Unsecured Creditors Committee, Appellee, represented by
David C Neu, david.neu@klgates.com -- K&L GATES LLP, Geoffrey
Groshong, Esq. -- geoff.groshong@millernash.com -- MILLER NASH
GRAHAM & DUNN LLP & Michael Joseph Gearin, Esq. --
michael.gearin@klgates.com -- K&L GATES LLP.


LIFE UNIVERSITY, GA: Moody's Affirms Ba3 Rating on 2008 Bonds
-------------------------------------------------------------
Moody's Investors Service affirms its Ba3 rating on Life
University's (GA) Series 2008 Revenue and Refunding Bonds.  The
bonds were issued through the Marietta Georgia Development
Authority.  Moody's also revised the outlook to stable from
positive.

SUMMARY RATING RATIONALE

The outlook revision to stable from positive incorporates softening
operating cash flow in fiscal 2015 which is expected to continue as
net tuition revenue growth slows.  While the cash flow margin
remained healthy at 16%, this only provided 1.7 times coverage of
high debt service obligations in FY 2015.

Life University's Ba3 rating incorporates the university's
multi-year strengthening of liquidity, providing a relatively good
116 days cash on hand, and relatively stable enrollment.

The strengths are tempered by the university's narrow market niche,
lack of revenue diversity, high financial leverage, and limited
financial resources.

OUTLOOK

The stable outlook reflects the prospects for ongoing incremental
revenue growth supporting solid operating cash flow performance. It
also incorporates expectations of effective enrollment management.

WHAT COULD MAKE THE RATING GO UP

   -- Sustained annual revenue growth, outpacing expenses
   -- Substantial increase in unrestricted liquidity
   -- Demonstrated ability to invest in capital facilities without

      increasing financial leverage

WHAT COULD MAKE THE RATING GO DOWN

   -- Diminished prospects for revenue growth or disruption in
      demand for programs
   -- Erosion of unrestricted liquidity

OBLIGOR PROFILE

Life University was founded in 1974 as a private university in the
Atlanta suburb of Marietta, Georgia.  The majority of students are
enrolled in its doctoral degree program in chiropractic.  The
university also offers undergraduate and graduate programs in
health and wellness-oriented fields.  Operating revenue was $61
million in fiscal 2015.

LEGAL SECURITY

The Series 2008 bonds are secured by a gross revenue pledge, first
mortgage pledge of university real property and cash funded debt
service reserve fund equal to maximum annual debt service.  Other
features include a debt service coverage rate covenant of 1.2
times.  There is also a Liquidity Covenant of 80 Days Cash on Hand
as well as a Long-Term Indebtedness Ratio requirement of at least
0.15 times and accounts payable covenant.

For the period ending June 30, 2015, the Debt Service Coverage
Ratio was 1.63 times compared to the 1.2 times requirement.  The
Days Cash on Hand calculation based on June 30, 2015, data was 128
days compared to the 80 day requirement.  The Long-Term
Indebtedness Coverage Ratio was 0.30 times as compared to 0.15
times requirement.  Failure to meet the required covenants in any
two consecutive calendar quarters would trigger the university's
requirement to transfer all Revenues to the Trustee on a daily
basis.

USE OF PROCEEDS

Not applicable.

PRINCIPAL METHODOLOGY

The principal methodology used in this rating was U.S.
Not-for-Profit Private and Public Higher Education published in
August 2011.



LPHM INC: Case Summary & 12 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: LPHM, Inc.
           dba Colosseum Diner
        1932 East Saint Georges Avenue
        Linden, NJ 07036

Case No.: 15-29977

Chapter 11 Petition Date: October 23, 2015

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

Judge: Hon. Vincent F. Papalia

Debtor's Counsel: Andrew I. Radmin, Esq.
                  CARKHUFF & RADMIN P.C.
                  598-600 Somerset St.
                  North Plainfield, NJ 07060
                  Tel: (908) 754-9400
                  Email: andyradz@aol.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Petros Pothetos, owner.

A list of the Debtor's 12 largest unsecured creditors is available
for free at http://bankrupt.com/misc/njb15-29977.pdf


M PHARMA: Reaches Settlement with Creditors on Accounts Payable
---------------------------------------------------------------
M Pharmaceutical, Inc., a clinical-stage company developing
innovative technologies for the monitoring and treatment of
obesity, diabetes, and other gastroenterological indications, on
Oct. 20 disclosed that the Company has reached agreement with its
creditors to settle C$743,266.36 of payables in exchange for
convertible debenture notes.

Matthew B. Lehman, the Company's Chief Executive Officer,
commented: "I am pleased we have reached this settlement with the
Company's creditors.  This is a significant milestone that
restructures the fundamentals of our financial situation. It allows
us to develop our Trimeo, Trimtec, and eMosquito technologies with
a stronger balance sheet.

The Company debt will be settled by issuing convertible debentures,
convertible into common stock at an exercise price of C$ 0.10.  The
term of the notes is 36 months at 10% annual simple interest. The
interest shall be paid up front, through the issuance of Interest
Units.  Each Interest Unit consists of one share of the Company's
common stock (at a deemed price of C$ 0.05 per unit) and one
warrant with an exercise price of C$ 0.10 and a term of two years.
Common stock issued under this placement is subject to a standard
four-month lockup period as required by the CSE.

                  About M Pharmaceutical Inc.

Formed in early 2015, M Pharmaceutical Inc. is a clinical-stage
company developing innovative technologies for the monitoring and
treatment of obesity, diabetes, and other gastroenterological
indications.  The Company has exclusive rights to three
technologies: (1) Trimeo capsules, temporary controllable
pseudobezoars for non-invasive gastric volume reduction for the
treatment of obesity; (2) Trimtec, gastrointestinal
neurostimulators implanted laparoscopically for the treatment of
obesity and gastroparesis without permanent anatomical modification
of the stomach; and (3) eMosquito wearable blood monitor, for
automatic and autonomous monitoring of blood glucose by diabetics.

M Pharmaceutical trades on the Canadian Securities Exchange (CSE)
under the ticker symbol "MQ" as well as on the OTCQB as "MPHMF" and
FWB (Frankfurt Stock Exchange) as "T3F2."


MARINA DISTRICT: Moody's Assigns B2 Rating on $650MM Loan Due 2023
------------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Marina District
Finance Company, Inc.'s (MDFC) $650 million incremental term loan
due 2023.  Initial proceeds from the term loan, about $430 million,
were used to repay the company's $393.5 million 9.875% secured
notes due 2018 in full and pay for related fees.  The rating
outlook is stable.

Rating assigned:

  $650 million incremental term loan due 2023, at B2 (LGD4)

Ratings affirmed:

  Corporate Family Rating, at B2
  Probability of Default Rating, at B2-PD
  $70 million revolver due 2018, at Ba2 (LGD1)
  $380 million ($240.5 million outstanding at September 30, 2015)
   incremental term 2018, at B2 (LGD4)

RATING RATIONALE:

MDFC's B2 Corporate Family Rating considers the benefits related to
the refinancing, including an extension of the company's debt
maturity profile, the replacement of relatively high cost debt with
lower cost debt, and the additional liquidity provided by the term
loan.  The $230 million of availability remaining on the
incremental term loan can be used in the next 12-months to
partially repay MDFC's remaining $240.5 million term loan as of
Sept. 30, 2015, that matures in 2018, if the company wants/needs to
do so.

The ratings also consider the quality of MDFC's Borgata casino in
terms of overall physical condition and product offerings.  Moody's
believes this provides the casino with a meaningful competitive
advantage relative to other Atlantic City casinos. Also supporting
the rating is MDFC's positive free cash profile. Moody's expects
the company will generate between $85 million and $95 million in
the next 12 months.

Key credit concerns include MDFC's single asset profile in Atlantic
City, NJ, a gaming market that remains highly vulnerable to
increased competition from neighboring jurisdictions in the form of
new casino openings or expansions.  In addition, Moody's is
concerned regarding the considerable long-term fundamental
challenges faced by US gaming companies in general, including
further increase in the number of casino facilities and continued
cannibalization, and unfavorable demographic trends that suggest a
decline in consumer demand for traditional casino gaming
activities.

MDFC's term loans are rated B2, the same as the company's Corporate
Family Rating.  This reflects the fact that the term loans rank
pari passu with each other and account for the majority of debt in
MDFC's capital structure.  The Ba2 assigned to the revolver
considers its priority status relative to MDFC's term loans.

The stable outlook reflects MDFC's continued improvement in
revenue, profitability, and cash flow despite ongoing difficulties
being experienced by the Atlantic City, NJ gaming market in
general.  The stable outlook also considers Moody's view that with
little in the way of planned growth capital expenditures, less
direct competition as a result of casino closings, and management's
publicly stated commitment to continued debt reduction, MDFC can
further improve its leverage, financial flexibility, and
refinancing options.

A higher rating would require a greater level of confidence on
Moody's part that the Atlantic City gaming market has stabilized. A
higher rating would not necessarily require a further material
improvement in MDFC's leverage.  Debt/EBITDA for the latest
12-month period ended Sept. 30, 2015, about 3.5 times, is already
below the 4.0 times debt/EBITDA-defined leverage trigger that we
set as a target for MDFC to achieve a higher rating.  MDFC's
ratings could be lowered if the company's debt/EBITDA rises above
6.0 times for any reason.

Marina District Finance Company, Inc. owns and operates Borgata
Hotel Casino and Spa, including The Water Club at Borgata, in
Atlantic City, New Jersey.  MDFC is owned by Marina District
Development Company, LLC (MDDC).  MDDC, which is a 50/50 joint
venture between Boyd Gaming Corporation and MGM Resorts
International.  MDDC fully and unconditionally guaranteed MDFC's
debt.  Net revenue for the latest 12-month period ended Sept. 30,
2015 was about $790 million.

The principal methodology used in these ratings was Global Gaming
Industry published in June 2014.



MATTRESS MATTERS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Mattress Matters, Inc.
        5712 Brookpark Rd.
        Cleveland, OH 44129

Case No.: 15-16067

Chapter 11 Petition Date: October 23, 2015

Court: United States Bankruptcy Court
       Northern District of Ohio (Cleveland)

Judge: Hon. Pat E Morgenstern-Clarren

Debtor's Counsel: Richard H. Nemeth, Esq.
                  NEMETH & ASSOCIATES, LLC
                  526 Superior Ave NE, # 1120
                  Cleveland, OH 44114
                  Tel: (216) 502-1300
                  Email: rnemeth@ohbklaw.com
                         mail@ohbklaw.com

Total Assets: $1.03 million

Total Liabilities: $1.57 million

The petition was signed by Joseph Amato, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ohnb15-16067.pdf


MCGEE EQUIPMENT: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: McGee Equipment Rental & Sales, Inc.
        1458 Hwy. 190w
        Eunice, LA 70535

Case No.: 15-51380

Chapter 11 Petition Date: October 23, 2015

Court: United States Bankruptcy Court
       Western District of Louisiana (Lafayette)

Judge: Hon. Robert Summerhays

Debtor's Counsel: William C. Vidrine, Esq.
                  VIDRINE & VIDRINE, PLLC
                  711 West Pinhook Road
                  Lafayette, LA 70503
                  Tel: (337) 233-5195
                  Email: williamv@vidrinelaw.com

Total Assets: $3.58 million

Total Liabilities: $3.91 million

The petition was signed by Jacob Jarrell Lacour, controller/general
manager.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/lawb15-51380.pdf


METROPOLITAN INDUSTRIAL: Case Summary & 20 Top Unsecured Creditors
------------------------------------------------------------------
Debtor: Metropolitan Industrial Food Services, Inc.
        P.O.Box 193907
        San Juan, PR 00919

Case No.: 15-08302

Chapter 11 Petition Date: October 23, 2015

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

Judge: Hon. Edward A Godoy

Debtor's Counsel: Alexis Fuentes Hernandez, Esq.
                  ALEXIS FUENTES-HERNANDEZ
                  PO Box 9022726
                  San Juan, PR 00902-2726
                  Tel: (787) 722-5216
                  Fax: (787) 722-5206
                  Email: alex@fuentes-law.com

Total Assets: $2.09 million

Total Liabilities: $4.62 million

The petition was signed by Josue V. Navarro, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb15-08302.pdf


MISSION NEW ENERGY: Annual General Meeting Set for Nov. 25
----------------------------------------------------------
Mission Newenergy Limited will hold an annual general meeting of
shareholders on Nov. 25, 2015, at 2:30 pm (WST) at BDO, 38 Station
Street, Subiaco, Perth, Western Australia, for the following
purposes:

   (1) Adoption of remuneration report;

   (2) Re-election of Mr. James Garton as director;

   (3) Re-election of Admiral (Ret) Tan Sri Dato' Sri Mohd Anwar
       bin Haji Mohd Nor as director; and

   (4) Approval of 10% Placement Facility.

A full-text copy of the Notice of Annual General Meeting as filed
with the Securities and Exchange Commission is available at:

                        http://is.gd/DZHQpX
   
                      About Mission NewEnergy

Based in Subiaco, Western Australia, Mission NewEnergy Limited is
a producer of biodiesel that integrates sustainable biodiesel
feedstock cultivation, biodiesel production and wholesale
biodiesel distribution focused on the government mandated markets
of the United States and Europe.

The Company is not operating its biodiesel refining segment.  The
refineries are being held in care and maintenance either awaiting
a return to positive operating conditions or the sale of assets.

The Company has materially diminished its Jatropha contract
farming operation and the company is now focused on divesting the
remaining Indian assets.  The Company intends to cease all Indian
operations.

The Company reported net income of $28.4 million on $7.27 million
of total revenue for the year ended June 30, 2015, compared to a
loss of $1.1 million on $9.68 million of total revenue for the
year
ended June 30, 2014.

As of June 30, 2015, Mission New Energy had $12.6 million in total
assets, $5.85 million in total liabilities and $6.76 million in
total equity.


MISSISSIPPI PHOSPHATES: Horne LLP OK'd as Accountants and Auditors
------------------------------------------------------------------
The Hon. Katharine M. Samson of the U.S. Bankruptcy Court for the
Southern District of Mississippi authorized Mississippi Phosphates
Corporation, et al., to employ Horne LLP as accountants and
auditors nunc pro tunc to March 23, 2015.

Horne is expected to perform accounting services in connection with
the audit of the Debtors' 401(k) financial statements for the year
and periods ending Dec. 31, 2014 and March 31, 2015.

The Debtors obtained a quotation from Horne for the fixed fee
(prepaid) of $15,300, consist of $15,000 for services rendered and
$300 for expenses incurred.

To the best of the Debtors' knowledge, no employees, members, or
independent contractors of Horne have any financial interest or
business with the Debtors;

                   About Mississippi Phosphates

Mississippi Phosphates Corporation is a major United States
producer and marketer of diammonium phosphate ("DAP"), one of the
most common types of phosphate fertilizer.  MPC, which was formed
as a Delaware corporation in October 1990, owns a DAP facility in
Pascagoula, Mississippi, which was acquired from Nu-South, Inc. in
its 1990 bankruptcy.  Phosphate rock, the primary raw material used
in the production of DAP, is being supplied by OCP S.A., a
corporation owned by the Kingdom of Morocco.

The parent, Phosphate Holdings, Inc., was formed in December 2004
in connection with the bankruptcy reorganization of MPC and its
then-parent Mississippi Chemical Corporation, the first fertilizer
cooperative in the United States.

As of Oct. 27, 2014, MPC has a work force of 250 employees, broken
into 224 regular employees and 26 "nested" third-party contract
employees.

MPC and its subsidiaries, namely Ammonia Tank Subsidiary, Inc., and
Sulfuric Acid Tanks Subsidiary, Inc., sought Chapter 11 bankruptcy
protection (Bankr. S.D. Miss. Lead Case No. 14-51667) on Oct. 27,
2014.  Judge Katharine M. Samson is assigned to the cases.

Mississippi Phosphates disclosed in its amended schedules, assets
of $98,949,677 and liabilities of $140,941,276 plus unknown
amounts.  Affiliates Ammonia Tank and Sulfuric Acid Tanks each
estimated $1 million to $10 million in both assets and
liabilities.

The Debtors have tapped Stephen W. Rosenblatt, Esq., at Butler
Snow LLP as counsel.

The U.S. Trustee for Region 5 appointed seven creditors of
Mississippi Phosphates Corp. to serve on the official committee of
unsecured creditors.  The Committee tapped to retain Burr & Forman
LLP as its counsel.


MOLYCORP INC: Seeks Jan. 2016 Extension of Plan Filing Date
-----------------------------------------------------------
Molycorp, Inc., et al., ask the U.S. Bankruptcy Court for the
District of Delaware to extend the period during which they have
the exclusive right to file a Chapter 11 plan through and including
Jan. 31, 2016, and the period during which the Debtors have the
exclusive right to solicit acceptances of that plan through and
including March 31, 2016.

Justin H. Rucki, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware, relates that the Debtors and their advisor
have launched launched a strategic sale process to identify
potential buyers of substantially all of the Debtors' assets,
including the Debtors' major business units and Mountain Pass.  As
part of the Sale Process, the Debtors have identified and
preliminarily contacted many potentially interested parties,
started populating an electronic data room for bidders' diligence
requirements and executed numerous confidentiality agreements with
potentially interested parties.  The Debtors anticipate that in the
coming days they will begin distributing an information memorandum
and other diligence materials to interested parties and, after
initial bids are received, will begin conducting
management presentations and scheduling facility tours.  The
Debtors also concluded a comprehensive review of their businesses
and produced an updated and revised business plan to provide
potential bidders with the most up-to-date information on their
businesses, an exercise also key to any plan scenario in these
cases.

In addition, the Debtors and their advisors have had extensive,
substantive negotiations with OCM MLYCo CTB Ltd. and its advisors
regarding the framework of a potential plan of reorganization.  The
Debtors have also solicited the views of advisors for the official
committee of unsecured creditors and the ad hoc group of holders of
the 10% Senior Secured Notes on the potential sale process and, in
the case of the latter, on the possible terms of various
restructuring scenarios.

At the same time, the Debtors have devoted substantial time and
effort to the administration of these cases and to responding to
the very extensive discovery requests of the Committee in
connection with its investigation of the 2014 transaction with
Oaktree, having produced many thousands of pages of documents to a
data room and providing routine updates to all parties regarding
the status of these cases and the Debtors' operations, Mr. Rucki
tells the Court.

To allow exclusivity to lapse and allow parties to file multiple
competing plans at this stage would increase the costs to the
Debtors' estates, unduly burden the Court and likely impede, rather
than facilitate, meaningful progress towards the Debtors' exit from
bankruptcy, Mr. Rucki asserts.

The Debtors are also represented by M. Blake Cleary, Esq., Edmon L.
Morton, Esq., and Ashley E. Jacobs, Esq., at Young Conaway Stargatt
& Taylor, LLP, in Wilmington, Delaware; Paul D. Leake, Esq., and
Lisa Laukitis, Esq., at Jones Day, in New York; and Ryan T. Routh,
Esq., at Jones Day, in Cleveland, Ohio.

                       About Molycorp Inc.

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare      

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

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

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

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

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

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

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

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

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

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


NAB HOLDINGS: Moody's Affirms B1 CFR & Changes Outlook to Negative
------------------------------------------------------------------
Moody's Investors Service affirmed NAB Holdings, LLC's B1 corporate
family rating, B2-PD probability of default rating, and the B1
rating for the company's senior secured credit facilities.  The
ratings outlook was changed to negative from stable.

RATINGS RATIONALE

NAB's negative ratings outlook reflects the erosion in the
company's liquidity and increasing business risks resulting from a
rapid growth in its merchant cash advance services.  The company's
free cash flow (after customer acquisitions and distributions) was
negative in the YTD 2Q 2015 period and Moody's expects free cash
flow in 2015 of about 2% to 3% of total debt, short of its forecast
of 10% of total debt.

The affirmation of the B1 CFR reflects good organic growth (about
8% in YTD 2Q 2015) in NAB's core payment processing business and
Moody's expectations that the company will decrease its exposure to
merchant cash advances segment and prudently manage the portfolio
such that free cash flow will increase to about 8% to 10% of total
debt over the next 12 months.

The B1 CFR reflects NAB's modest operating scale and high total
debt/EBITDA of about 4x (Moody's adjusted and including PayAnywhere
losses).  NAB operates in an intensely competitive market for
merchant acquiring and payment processing services to the small and
medium-sized business (SMB) merchants.  The rating also
incorporates "key man risk" attributed to its sole shareholder and
potential for periodic debt-funded shareholder returns.  The rating
is supported by NAB's good organic growth in payment processing
revenues and a growing market for electronic payment processing
services.  The company's merchant acquiring services segment
generates recurring transaction-based revenues from a diverse
merchant base, which has historically exhibited low volume
attrition rates.  NAB's liquidity over the next 12 months is
considered adequate.

NAB's ratings could be downgraded if liquidity deteriorates or if
Moody's believes that potential risk of losses in merchant advances
is high relative to NAB's liquidity and capitalization. The ratings
could be downgraded if leverage is expected to remain above 4.0x
and the ratio of free cash flow (net of customer acquisition costs)
to debt is expected to remain below 8% for an extended period of
time.  Given the negative ratings outlook and NAB's expected levels
of earnings and leverage, a ratings upgrade is not expected in the
intermediate term.  However, the ratings could be upgraded if the
company were to maintain conservative financial policies and
demonstrate solid growth in market share and free cash flow.

Moody's has affirmed these ratings:

  Corporate Family Rating -- B1

  Probability of Default Rating -- B2-PD

  $25 million senior secured revolving credit facility due 2019 –

   B1 (LGD3)

  $222 million (outstanding) 1st lien Term Loan due 2021 -- B1
   (LGD3)

  Outlook -- Changed to Negative, from Stable

NAB provides electronic payment processing services to small and
mid-sized business merchants in the United States.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in December 2014.



NATGASOLINE LLC: S&P Assigns Prelim. 'BB-' Rating on $1.16BB Debt
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its preliminary
'BB-' project rating to methanol producer Natgasoline LLC's $1.16
billion amortizing debt due 2027.  The outlook is stable.  The
preliminary recovery rating of '1' reflects recovery of 90% to 100%
in case of a default.

The rating reflects the project's construction phase and
operational phase risk profiles; S&P assess both at the 'bb-'
level.  S&P's assessment of construction phase risk stems from the
use of a technology that is considered "proven," along with an
established contractor and sufficient funding.

"The operations phase risk profile reflects expectation of high
availability and strong operations, offset by considerable market
risk on the input and output sides," said Standard & Poor's credit
analyst Michael Ferguson.

The project's operations phase score hinges on an assumption of
high capacity utilization during the project's life; S&P
anticipates that it will reach full availability during 2018, and
that scheduled turnarounds will consistently keep the plant's
efficiency high.  S&P also believes that the project should face
minimal feedstock interruption risk, due to its proximity to
significant natural gas supplies.

The outlook on Natgasoline is stable.  This outlook reflects S&P's
expectation that the project will complete construction and begin
developing methanol during the latter part of 2017, and that its
costs in doing so will be in line with early estimates.  S&P
believes that the project will earn a minimum DSCR of about 1.7x,
increasing somewhat as methanol prices improve over time.



NEW DIMENSIONS: Case Summary & 8 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: New Dimensions, Inc.
        14020 Highway 3, Suite 120
        Webster, TX 77598

Case No.: 15-35587

Nature of Business: Health Care

Chapter 11 Petition Date: October 23, 2015

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

Judge: Hon. Marvin Isgur

Debtor's Counsel: James Patrick Brady, Esq.
                  ATTORNEY AT LAW
                  450 N. Texas Ave., Suite A
                  Webster, TX 77598
                  Tel: 281-484-9300
                  Fax: 281-484-9360
                  Email: notices@bradylaw.comcastbiz.net

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Josie Lightfoot, president.

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/txsb15-35587.pdf


NORTH AMERICAN TUNGSTEN: Terminates Amended SISP, CCAA Stayed
-------------------------------------------------------------
North American Tungsten Corporation Ltd. on Oct. 23 disclosed that,
pursuant to paragraphs 23 and 24 of the Amended Sale and Investment
Solicitation Process, Alvarez & Marsal Canada Inc., in its capacity
as court appointed monitor, has terminated the Amended SISP
effective October 21, 2015.

Due to liquidity issues, NATC filed for Court protection under the
CCAA on June 9, 2015.  Given the inability to conclude a successful
transaction and with the termination of the Amended SISP, the
Company and the Monitor will continue to engage with the Company's
stakeholders to determine the best path forward in the Company's
restructuring proceedings.

In the interim, NATC has sought and received an extension of the
stay of proceedings under the Amended and Restated Initial Order to
November 30, 2015.  During the current extension, the Company
expects to curtail its mining operations in an orderly way as it
prepares the Cantung Mine for care and maintenance.  In the
meantime, as the Company continues to identify and assess
alternatives, all obligations to employees and suppliers of goods
and services provided after the filing date will continue to be
met.

NATC also disclosed that Bryce Porter and Allan Krasnick have
resigned from the Board of Directors.  The Board of Directors
thanked Messrs. Porter and Krasnick for their lengthy service to
the Company.

         About North American Tungsten Corporation Ltd.

The Company is a publicly listed Tier 1 Junior Resource Company
engaged primarily in the operation, development, and acquisition of
tungsten and other related mineral properties in Canada.  The
Company's 100% owned Cantung mine and Mactung development project
make it one of the few tungsten producers with a strategic asset in
the western world.  Mactung is one of the world's largest known
undeveloped high grade tungsten-skarn deposits.


NYDJ APPAREL: S&P Lowers Corporate Credit Rating to 'SD'
--------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on Vernon, Calif.-based NYDJ Apparel LLC to 'SD' from
'B-'.

"The downgrade follows NYDJ's announcement that the company amended
its $50 million second-lien note (not rated) to allow the only
lender, SLL Inc., to assign all of its obligations under the Credit
Agreement to Crestview Partners, the company's private equity
sponsor, in exchange for cash consideration," said Standard &
Poor's credit analyst Mariola Borysiak.

Following the exchange, the $37.5 million of the second-lien note
became payable to Crestview, and the remaining $12.5 million was
contributed to the company as a non-cash equity and canceled.

S&P considers such exchange as tantamount to a default, given the
current distressed financial condition of the company because of
thin covenant cushion and since the investors received less than
the original promise of the original security.

S&P believes the company completed the exchange to allow it to
remain compliant under its financial performance covenants.

S&P expects to review the corporate and issue-level ratings in the
upcoming days; S&P's analysis will focus on the sustainability of
recent performance trends, as well as a review of the company's
capital structure, liquidity, and compliance with financial
covenants.



OW BUNKER: UST Balks at Plan's Treatment of Unsecureds, Release
---------------------------------------------------------------
Carmen Germaine at Bankruptcy Law360 reported that a U.S. Trustee
on Oct. 18, 2015, objected in Connecticut bankruptcy court to the
disclosure statement for marine fuel shipper OW Bunker's Chapter 11
liquidation plan, voicing concerns over the treatment of unsecured
creditors and the plan's liability releases.

The U.S. Trustee for Region 2, William K. Harrington, listed
several issues with the disclosure statement OW Bunker A/S filed on
Oct. 14, along with its Chapter 11 liquidation plan, including that
the plan required unsecured creditors to give up certain rights in
order to collect real money.

                    About O.W. Bunker

OW Bunker AS is a global marine fuel (bunker) company founded in
Denmark.  The company declared bankruptcy on Nov. 7, 2014,
following its admission that it had lost US$275 million through a
combination of fraud committed by senior executives at its
Singaporean unit.

The Danish company placed its U.S. subsidiaries -- O.W. Bunker
Holding North America Inc., O.W. Bunker North America Inc. and
O.W. Bunker USA Inc. -- in Chapter 11 bankruptcy (Bankr. D. Conn.
Case Nos. 14-51720 to 14-51722) in Bridgeport, Conn., on Nov. 13,
2014.

The U.S. cases are assigned to Judge Alan H.W. Shiff.  The U.S.
Debtors have tapped Patrick M. Birney, Esq., and Michael R.
Enright, Esq., at Robinson & Cole LLP, as counsel.   McCracken,
Walker & Rhoads LLP is serving as co-counsel.  Alvarez & Marsal is
the financial advisor.


QUANTUM FOODS: UST Balks at Committee Retention of FGMK
-------------------------------------------------------
Matt Chiappardi at Bankruptcy Law360 reported that the Office of
the U.S. Trustee took issue Oct. 19, 2015, with the Quantum Foods
LLC unsecured creditors committee's proposed hire of Chicago
accounting firm FGMK LLC, arguing the Committee hasn't shown why
the retention is needed or how to pay for it in a case that could
be administratively insolvent.

In an objection before the Delaware bankruptcy court, the U.S.
Trustee's Office argued that the Creditors Committee's application
to hire FGMK doesn't provide any detail as to what the firm would
do in the case.

                        About Quantum Foods

Founded in 1990 and headquartered in Bolingbrook, Illinois,
Quantum
Foods, LLC -- http://www.quantumfoods.com/-- provides protein  
products made from beef, poultry and pork.

Quantum Foods and its affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 14-10318) on Feb. 18, 2014, to
facilitate the sale of substantially all their business.

The Debtors' primary secured indebtedness totals $50.2 million,
owing to lenders led by Crystal Financial, LLC, as administrative
and collateral agent.

Quantum Foods is being advised in its restructuring by Daniel J.
McGuire, Esq., Gregory M. Gartland, Esq., and Caitlin S. Barr,
Esq., at Winston & Strawn as counsel; M. Blake Cleary, Esq.,
Kenneth J. Enos, Esq., and Andrew Magaziner, Esq., at Young,
Conaway, Stargatt & Taylor, LLP, serve as local counsel.  City
Capital Advisors is the investment banker.  FTI Consulting, Inc.
also serves as advisor. BMC Group is the claims and notice agent.

The U.S. Trustee for Region 3 appointed five members to the
official committee of unsecured creditors in the case.  The
Committee has retained Triton Capital Partners, Ltd. as financial
advisor; and Mark D. Collins, Esq., Russell C. Silberglied, Esq.,
Michael J. Merchant, Esq., Christopher M. Samis, Esq., and Robert
C. Maddox, Esq., at Richards, Layton & Finger, P.A. as counsel.

Raging Bull is represented in the case by Van C. Durrer II, Esq.,
at Skadden Arps Slate Meagher & Flom LLP.  Crystal Finance LLC is
represented by David S. Berman, Esq., at Riemer & Braunstein LLP.


REICHHOLD HOLDINGS: Deadline to Remove Suits Extended to Feb. 24
----------------------------------------------------------------
U.S. Bankruptcy Judge Mary Walrath has given Reichhold Holdings US,
Inc. until Feb. 24, 2016, to file notices of removal of lawsuits
involving the company and its affiliates.

                         About Reichhold

Founded in 1927, Reichhold, with its world headquarters and
technology center in Durham, North Carolina, is one of the world's
largest manufacturer of unsaturated polyester resins and a leading
supplier of coating resins for the industrial, transportation,
building and construction, marine, consumer and graphic arts
markets.  Reichhold -- http://www.Reichhold.com/-- has
manufacturing operations throughout North America, Latin America,
the Middle East, Europe and Asia.

As of June 30, 2014, the Reichhold companies had consolidated
assets of $538 million and liabilities of $631 million.

Reichhold Holdings US, Inc., Reichhold, Inc., and two U.S.
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 14-12237) on Sept. 30, 2014.

Cole, Schotz, Meisel, Forman & Leonard, P.A. (legal advisor) and
CDG Group LLC (financial advisor) are representing Reichhold, Inc.
Latham & Watkins LLP (legal advisor) and Moelis & Company
(investment banker) are serving Reichhold Industries, Inc.  Logan &
Company is the company's claims and noticing agent.  The cases are
assigned to Judge Mary F. Walrath.

The U.S. Trustee for Region 3 appointed seven creditors of
Reichhold Holdings US, Inc. to serve on the official committee of
unsecured creditors.

On April 1, 2015, the U.S. Trustee named three non-union retirees
of Debtors to serve as the official Non-Union Retiree Committee.
Each of the Retiree Committee members is receiving retiree welfare
benefits from one or more of the Debtors.

On April 2, 2015, Reichhold disclosed that the purchase of most of
the assets of the U.S. business was completed.  This transaction,
approved by the Delaware Bankruptcy Court on January 12, 2015,
allows Reichhold's U.S. businesses to successfully emerge from
bankruptcy and re-join the rest of the global Reichhold
organization.  Concurrent with this purchase, Reichhold completed a
debt-for-equity exchange with a group of investors led by Black
Diamond Capital Management LLC and including J.P. Morgan Investment
Management, Inc., Third Avenue Management LLC, and Simplon Partners
LP.


RELATIVITY MEDIA: Hearing Today on VII Peaks Dispute
----------------------------------------------------
James Rainey at Variety.com relates that U.S. Bankruptcy Court
Judge Michael Wiles has set an Oct. 27, 2015 hearing for Relativity
Media's dispute with VII Peaks Capital.

According to Variety.com, VII Peaks privately expressed
reservations about re-upping with the Company, after putting a
reported $12.5 million into the Company not long before the July
30, 2015 bankruptcy filing.  

Court documents say that VII Peaks wanted assurances about where it
stood in line for eventual repayment, as well as a second seat on
the company board and a guarantee of five slots per year for it to
release films.  

Variety.com states attorneys for the Company argued that VII Peaks
had signed an agreement in early October to invest the $30 million
on an "absolute and unconditional basis."  The Company, says the
report, asked Judge Wiles to take action to assure that the $30
million would be available for the transaction.  

VII Peaks' attorney said that his client still hoped to close the
deal, if certain "wrinkles" could be worked out, Variety.com
relates.

                    About Relativity Fashion

Based in New York, Relativity Fashion LLC dba M3 Relativity --
http://relativitymedia.com/-- is a privately-held entertainment   
company with an integrated and diversified global media platform
that provides, among other things, film and television financing,
production and distribution. Relativity was founded in 2004 by
Ryan Kavanaugh as a films late cofinancier partnering with major
studios such as Sony and Universal.  In addition, the Company
engages in content production and distribution, including movies,
television, fashion, sports, digital and music.  

The Company and its affiliates filed for Chapter 11 protection on
July 30, 2015 (Bankr. S.D.N.Y. Lead case No. 15-11989).  Judge
Michael E. Wiles presides over the Debtors' Chapter 11 cases.

Craig A. Wolfe, Esq., Malani J. Cademartori, Esq., and Blanka K.
Wolfe, Esq., at SHEPPARD MULLIN RICHTER & HAMPTON LLP, and Richard
L. Wynne, Esq., Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq.,
at JONES DAY, represent the Debtors in the bankruptcy cases.

The Debtors reported total assets of $559.9 million, and total
debts: $1.1 billion as of Dec. 31, 2014.

On August 7, 2015, the U.S. Trustee for Region 2 appointed seven
creditors to serve on the Debtors' official committee of unsecured
creditors.  The creditors are Allied Advertising Limited
Partnership, Carat USA Inc., Cinedigm Corp., Comen VFX LLC, Create
Advertising Group LLC, NBC Universal, and Technicolor Inc.


RELATIVITY MEDIA: Investor Group Completes Acquisition of TV Biz
----------------------------------------------------------------
An investor group composed of Anchorage Capital Group, L.L.C.,
Falcon Investment Advisors, LLC and Luxor Capital Group, LP on Oct.
20 disclosed that it has completed its purchase of the assets of
Relativity Television from the Chapter 11 estate of Relativity
Media LLC.  Relativity Television will now operate as a fully
independent entity led by Tom Forman as Chief Executive Officer and
Andrew Marcus as President and Chief Operating Officer.

"Relativity Television begins this new chapter as an independent,
well-capitalized business that is extremely well-positioned to
achieve both near-term growth and long-term success.  Importantly,
we're fully independent of our former parent company in an era of
increasing media consolidation -- and much more nimble and flexible
as a result.  I am extremely grateful for the confidence that our
new owners have demonstrated in me and the company," said Mr.
Forman.

The Investor Group has committed $75 million in capital to the
business to invest in the future growth of the company.  The
company anticipates rebranding the business to reflect its status
as a fully independent production company. Rebranding will be among
the initial priorities, and is expected within the next 90 days.

Andrew Marcus commented, "We have a clear vision for the business,
and we're confident that as we begin this new chapter as an
independent company we will successfully expand our non-scripted
and scripted businesses, both organically and through additional
strategic opportunities.  We are extremely excited to rebrand and
benefit from the strong financial support and operational expertise
of our owners, who are backing their commitment to Relativity
Television with significant capital to power our continued growth
and increase our capabilities."

Mr. Forman added, "The announcement should provide assurance to
Relativity Television's employees and business partners, as well as
the broader entertainment industry, that we will continue to do
what we do best: create and produce outstanding scripted and
unscripted television content, while simultaneously growing our
business like never before.  I'm looking forward to working with a
world-class team of employees at the company on the many
opportunities ahead, and to rewarding the faith and loyalty that
many of our business partners have demonstrated."

                      Tom Forman Biography

Tom Forman is Chief Executive Officer of Relativity Television.  He
received NATPE's 2011 Innovator Award for the company's series
"Coming Home," which airs on Lifetime.

Before joining Relativity, Mr. Forman ran Tom Forman Productions,
an independent television production company within CBS Television
Studios.  TFP was responsible for series and pilots airing on CBS,
including the award-winning and controversial social experiment
"Kid Nation."

Mr. Forman previously worked with international television producer
Endemol, creating and producing original unscripted series. During
this time, Mr. Forman created and produced the hit ABC show
"Extreme Makeover: Home Edition," which ran for 11 seasons. He won
two Emmy Awards® and two People's Choice awards for the show.  At
Endemol Forman also created and produced "Back on Campus," an
original series for ABC Family, and executive produced "Todd TV"
for FX.

Earlier in his career, Mr. Forman oversaw network, cable and
syndicated shows and projects for CBS News, including a 5-year
stint on the long-running newsmagazine "48 Hours."  In 2001
Mr. Forman was tapped to lead CBS News' production of "9/11," a
documentary that first aired on the six-month anniversary of the
September 11 attacks.  Mr. Forman shared in the documentary's Emmy,
Peabody, Edward R. Murrow and WGA awards.

                       Andrew Marcus Biography

Andrew Marcus is President and Chief Operating Officer of
Relativity Television. Since January 2013, he has been responsible
for leading the studio's worldwide growth.  Mr. Marcus oversees
scripted development, packaging and production as well as
non-scripted and scripted acquisitions, distribution, and financing
efforts.  Additionally, Mr. Marcus directs the studio's corporate
strategy, mergers and acquisitions, business development, business
affairs and operations.

Prior to his current role, Mr. Marcus served as Chief Operating
Officer and President of Corporate Development & Strategy for
Relativity Media, overseeing the company's growth from a
four-person start-up in 2005 into a diversified independent media
company.  While COO of Relativity Media, Mr. Marcus was responsible
for international distribution, single picture finance, corporate
strategy, mergers and acquisitions, operations, business affairs
and business development for the company.  
Mr. Marcus led the structuring, financing and execution of major
transactions, including Relativity's Pay-TV deal with Netflix, 6
film slate co-financing deals with Sony and Universal, the
acquisition of the Rogue Pictures library, the acquisition of
Overture Films, more than 15 international distribution output
deals, domestic distribution output deals with Universal and
Lionsgate, the formation of RelativityREAL television productions
(now Relativity Television), and many single picture financings.

Mr. Marcus' previous entertainment industry experience includes
managing production at GreeneStreet Films, and Miramax Films, where
he served as an assistant to co-founder Harvey Weinstein. Marcus
began his career in film production with companies including
Manifest Films and the Shooting Gallery.  e received a B.A. from
Duke University and an M.B.A. from Harvard Business School.

                 About Anchorage Capital Group

Anchorage Capital Group, L.L.C. is a New York-based registered
investment adviser founded in 2003.  The firm manages private
investment funds across the credit, special situations and illiquid
investment markets of North America and Europe using an active long
and short basis, with particular focus on defaulted and leveraged
issuers.

                About Falcon Investment Advisors

With offices in Boston and New York, Falcon provides innovative
capital solutions in amounts of $10 million to $75 million to
middle market companies. Since its founding in 2000, Falcon has
invested in over 65 companies in a broad range of industries to
support acquisitions, recapitalizations, buyouts and organic
growth.

                      About Luxor Capital

Luxor Capital Group, LP is a registered investment advisory firm
located in New York and founded in 2002.  Luxor acts as the
investment manager to a number of private investment funds and as
of August 1, 2015 had approximately $5.8 billion in assets under
management.

                     About Relativity Fashion

Based in New York, Relativity Fashion LLC dba M3 Relativity --
http://relativitymedia.com/-- is a privately-held entertainment
company with an integrated and diversified global media platform
that provides, among other things, film and television financing,
production and distribution. Relativity was founded in 2004 by Ryan
Kavanaugh as a films late cofinancier partnering with major studios
such as Sony and Universal.  In addition, the Company engages in
content production and distribution, including movies, television,
fashion, sports, digital and music.  

The Company and its affiliates filed for Chapter 11 protection on
July 30, 2015 (Bankr. S.D.N.Y. Lead case No. 15-11989).  Judge
Michael E. Wiles presides over the Debtors' Chapter 11 cases.

Craig A. Wolfe, Esq., Malani J. Cademartori, Esq., and Blanka K.
Wolfe, Esq., at SHEPPARD MULLIN RICHTER & HAMPTON LLP, and Richard
L. Wynne, Esq., Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq.,
at JONES DAY, represent the Debtors in the bankruptcy cases.

The Debtors reported total assets of $559.9 million, and total
debts: $1.1 billion as of Dec. 31, 2014.

On August 7, 2015, the U.S. Trustee for Region 2 appointed seven
creditors to serve on the Debtors' official committee of unsecured
creditors.  The creditors are Allied Advertising Limited
Partnership, Carat USA Inc., Cinedigm Corp., Comen VFX LLC, Create
Advertising Group LLC, NBC Universal, and Technicolor Inc.


RELATIVITY MEDIA: Kavanaugh-Led Group Completes Acquisition
-----------------------------------------------------------
Relativity Media LLC on Oct. 21 disclosed that a consortium of
investors led by CEO and Chairman Ryan Kavanaugh have completed its
acquisition of all Relativity's assets.  These transactions
represent an important milestone toward the company's emergence
from chapter 11 with a significantly fortified balance sheet.

Under the terms of the transaction, the consortium acquired
Relativity's senior secured debt for $65 million in cash and $60
million in debt.  As previously announced, the company has sold its
unscripted television division for $125 million.  As a next step,
the consortium will shortly file a plan of reorganization with the
U.S. Bankruptcy Court detailing the company's capital structure and
its strategy for long-term growth with film, digital, music, sports
and branded entertainment.  These transactions will effectively
reduce the debt on Relativity's balance sheet by approximately 90
percent.

Mr. Kavanaugh stated, "I am proud to say that we are moving quickly
toward emerging from chapter 11 with a healthy balance sheet and an
incredibly strong collection of assets, including Relativity
Studios.  We thank our partners and investors who have worked
tirelessly to get us to this point, and our employees for their
continued focus and commitment.  Together, we will continue to
build Relativity's asset base to offer brands unique access to a
fully integrated 360 degree content engine."

The investor group, dubbed TJ, added: "Relativity's 360 degree
content engine is one which we have not seen in any other content
company.  The ways in which content is created and distributed,
while incorporating and partnering with global brands, is highly
unique.  When that is paired with Relativity's risk adjusted model,
the scripted television platform and their joint ventures in India
and China, it makes the future particularly exciting.  We look
forward to building the new Relativity and taking it to the level
at which the company belongs."

                     About Relativity Fashion

Based in New York, Relativity Fashion LLC dba M3 Relativity --
http://relativitymedia.com/-- is a privately-held entertainment
company with an integrated and diversified global media platform
that provides, among other things, film and television financing,
production and distribution. Relativity was founded in 2004 by Ryan
Kavanaugh as a films late cofinancier partnering with major studios
such as Sony and Universal.  In addition, the Company engages in
content production and distribution, including movies, television,
fashion, sports, digital and music.  

The Company and its affiliates filed for Chapter 11 protection on
July 30, 2015 (Bankr. S.D.N.Y. Lead case No. 15-11989).  Judge
Michael E. Wiles presides over the Debtors' Chapter 11 cases.

Craig A. Wolfe, Esq., Malani J. Cademartori, Esq., and Blanka K.
Wolfe, Esq., at SHEPPARD MULLIN RICHTER & HAMPTON LLP, and Richard
L. Wynne, Esq., Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq.,
at JONES DAY, represent the Debtors in the bankruptcy cases.

The Debtors reported total assets of $559.9 million, and total
debts: $1.1 billion as of Dec. 31, 2014.

On August 7, 2015, the U.S. Trustee for Region 2 appointed seven
creditors to serve on the Debtors' official committee of unsecured
creditors.  The creditors are Allied Advertising Limited
Partnership, Carat USA Inc., Cinedigm Corp., Comen VFX LLC, Create
Advertising Group LLC, NBC Universal, and Technicolor Inc.




RELATIVITY MEDIA: Statement on Recent Acquisition
-------------------------------------------------
Relativity Media LLC on October 20, 2015, said it has achieved an
important milestone toward its emergence from chapter 11 with a
significantly fortified balance sheet.  An investor group led by
Chairman and CEO Ryan Kavanaugh has closed transactions to sell the
television division for $125 million and to acquire the rest of the
company.  While the financial structure of the transaction has
changed, the Company anticipates the Court to ratify this in the
next 48 to 72 hours.

This simply means that Relativity anticipates that it will emerge
with all of its pre-chapter 11 assets and operating businesses,
having sold the unscripted television business only, with almost 90
percent of its debt off of its balance sheet.

In the near future, Relativity will file a plan of reorganization
with the Court that will detail the company's capital structure and
its strategy for long-term growth with film, digital, music, sports
and branded entertainment, continuing to build its asset base to
offer brands unique access to a fully integrated 360 degree content
engine.

"We thank our partners who have bent over backwards to help make
this work, including Anchorage, Luxor, Falcon and Elliott,"
Relativity said.

                     About Relativity Fashion

Based in New York, Relativity Fashion LLC dba M3 Relativity --
http://relativitymedia.com/-- is a privately-held entertainment
company with an integrated and diversified global media platform
that provides, among other things, film and television financing,
production and distribution. Relativity was founded in 2004 by Ryan
Kavanaugh as a films late cofinancier partnering with major studios
such as Sony and Universal.  In addition, the Company engages in
content production and distribution, including movies, television,
fashion, sports, digital and music.  

The Company and its affiliates filed for Chapter 11 protection on
July 30, 2015 (Bankr. S.D.N.Y. Lead case No. 15-11989).  Judge
Michael E. Wiles presides over the Debtors' Chapter 11 cases.

Craig A. Wolfe, Esq., Malani J. Cademartori, Esq., and Blanka K.
Wolfe, Esq., at SHEPPARD MULLIN RICHTER & HAMPTON LLP, and Richard
L. Wynne, Esq., Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq.,
at JONES DAY, represent the Debtors in the bankruptcy cases.

The Debtors reported total assets of $559.9 million, and total
debts: $1.1 billion as of Dec. 31, 2014.

On August 7, 2015, the U.S. Trustee for Region 2 appointed seven
creditors to serve on the Debtors' official committee of unsecured
creditors.  The creditors are Allied Advertising Limited
Partnership, Carat USA Inc., Cinedigm Corp., Comen VFX LLC, Create
Advertising Group LLC, NBC Universal, and Technicolor Inc.


RELATIVITY MEDIA: Wants Infiltrator Film Deal With Producer Okayed
------------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that Relativity
Media on Oct. 19, 2015, asked a New York bankruptcy judge to sign
off on a settlement between the entertainment company and producers
behind the soon-to-be released crime drama "The Infiltrator"
starring Bryan Cranston over Relativity's role as the film's
foreign sales agent.

The settlement releases Relativity's foreign affiliate from
liability stemming from the termination of an underlying sales
agreement that was nixed weeks before the company filed for Chapter
11 in July.  The Infiltrator is one of several films coming down
the pipe.

                      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.


RELATIVITY MEDIA: Will Get $29MM From Joseph Nicholas
-----------------------------------------------------
Joseph G. Nicholas, founder of a Chicago firm that analyzes hedge
funds, will pump $29 million into Relativity Media to pay off
senior lenders and allow Ryan Kavanaugh to maintain his leadership
of the company, minus its television division, court documents
say.

Mr. Kavanaugh, according to the court documents, will commit $1
million toward completing the transaction.

James Rainey at Variety.com relates that sources inside the Company
said they believed the investors were willing to re-up with the
Company and Mr. Kavanaugh because they believe they have no other
hope of recouping some of their earlier payments.

David Lieberman at Deadline.com reports that U.S. Bankruptcy Judge
Michael Wiles has postponed ruling on the Company's
debtor-in-possession financing plan submitted in the middle of the
night.  

Deadline.com quoted Judge Wiles as saying, "It would be hard for
me, with a document filed at 1:30 in the morning, to approve it at
11:00."  The report adds that Judge Wiles described the filing
updating the DIP facility terms as "opaque" and would require
word-by-word comparisons with previous filings.

A group controlled by Paul Singer's hedge fund Elliott Associates,
and its Manchester Securities subsidiary, has taken over the DIP
loan, which originally gave the Company $49.5 million but had been
revalued to $35 million, Deadline.com relates, citing Bennett
Spiegel, Esq., the attorney for the Company.  The report states
that the buying group led by Mr. Kavanaugh will have to repay half
of that, $17.5 million, by the time the Company restructures, which
is expected in January 2016, while the remainder might be converted
into equity.

According to Deadline.com, the Company agreed to offer clarified
documents well ahead of a hearing to go over it on Tuesday
afternoon.  

The Company said in a statement that "the U.S. Bankruptcy Court
simply asked attorneys for Relativity and its lenders to redline
the filing regarding Relativity's debtor-in-possession financing
before approving it and remove other documents which do not need
the Court's blessing, which is fully expected at a hearing on
Tuesday.  The acquisition by the Ryan Kavanaugh-led investor group
of the Company's outstanding senior secured debt has in fact closed
and does not need court approval.  Any suggestion to the contrary
is simply not true, irresponsible, and a mischaracterization of
what took place."

Deadline.com says that negotiations also are taking place to
determine the fate of a $125 million loan from several hedge funds.
In the end, the Company will be left with no more than $60 million
in debt, the report states, citing Mr. Spiegel.

                    About Relativity Fashion

Based in New York, Relativity Fashion LLC dba M3 Relativity --
http://relativitymedia.com/-- is a privately-held entertainment   
company with an integrated and diversified global media platform
that provides, among other things, film and television financing,
production and distribution. Relativity was founded in 2004 by
Ryan Kavanaugh as a films late cofinancier partnering with major
studios such as Sony and Universal.  In addition, the Company
engages in content production and distribution, including movies,
television, fashion, sports, digital and music.  

The Company and its affiliates filed for Chapter 11 protection on
July 30, 2015 (Bankr. S.D.N.Y. Lead case No. 15-11989).  Judge
Michael E. Wiles presides over the Debtors' Chapter 11 cases.

Craig A. Wolfe, Esq., Malani J. Cademartori, Esq., and Blanka K.
Wolfe, Esq., at SHEPPARD MULLIN RICHTER & HAMPTON LLP, and Richard
L. Wynne, Esq., Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq.,
at JONES DAY, represent the Debtors in the bankruptcy cases.

The Debtors reported total assets of $559.9 million, and total
debts: $1.1 billion as of Dec. 31, 2014.

On August 7, 2015, the U.S. Trustee for Region 2 appointed seven
creditors to serve on the Debtors' official committee of unsecured
creditors.  The creditors are Allied Advertising Limited
Partnership, Carat USA Inc., Cinedigm Corp., Comen VFX LLC, Create
Advertising Group LLC, NBC Universal, and Technicolor Inc.


RYDER MEMORIAL: S&P Revises Outlook to Neg. & Affirms 'BB-' Rating
------------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook to negative
from stable on Puerto Rico Industrial Medical Higher Education and
Environmental Pollution Control Facilities Financial Authority's
$8.4 million series 1994A bonds, issued for Ryder Memorial Hospital
(Ryder).  At the same time, S&P affirmed its 'BB-' long-term rating
on the bonds.

"The negative outlook on Ryder reflects the tenuous financial
situation in Puerto Rico overall and the uncertain future of
government reimbursement for all Puerto Rico hospitals," said
Standard & Poor's credit analyst Jennifer Soule.  S&P recently
lowered its bond ratings on Puerto Rico to 'CC' in September 2015.


"We assessed Ryder's enterprise profile as adequate characterized
by dominant market share across a large primary service area,
although the population is expected to decline in future years and
carries anemic wealth and income indicators, as does much of Puerto
Rico.  We assessed its financial profile as vulnerable with light
financial operating performance and thin balance sheet metrics for
the rating level.  Also contributing to the rating decision is
Ryder's small revenue base and heavy reliance on government
reimbursement.  Combined, we think these credit factors lead to an
indicative assessment of 'bb-' and a final rating of 'BB-'.  We
expect Ryder's overall enterprise profile to remain largely
unchanged, along with its financial profile, unless there are
significant cuts in government funding, a credit factor we will
closely monitor over time.  Ryder is expected to add a $2.9 million
loan to its debt profile in the coming months, debt we were aware
of in our 2014 review, to support a small expansion project," S&
noted.

A pledge of Ryder's gross receipts of the 165-staffed bed hospital
in Humacao, P.R. secures the bonds.  All of Ryder's debt is fixed
rate, and the organization is not a party to any swap transactions.
Standard & Poor's rating and analysis incorporates the
consolidated results unless otherwise noted.  In fiscal 2014, the
hospital accounted for the majority of total revenue.  The rating
is based on S&P's view of Ryder's group credit profile and the
obligated group's core status.  Accordingly, the bonds are rated at
the same level as the group credit profile.

The negative outlook reflects S&P's view of uncertain future
government funding for Ryder.  Otherwise, S&P thinks Ryder's
enterprise and financial profiles are indicative of the 'BB-'
rating.

S&P could lower the rating within the one-year outlook period if
Ryder falls short of S&P's expectations for fiscal 2015, and/or, if
its debt service coverage doesn't improve to at least 1.5x through
fiscal 2015 year-end.  Any significant use of debt beyond S&P's
current expectations, or use of unrestricted reserves could also be
given negative consideration.  S&P will also continue to monitor
Ryder's receipt of government reimbursement and the impact of any
future reductions in funding.  

S&P could revise the outlook to stable if future funding for
Medicare Advantage and Medicaid stabilize for the long-term in
Puerto Rico.  Absent this uncertainty, S&P thinks that the bond
rating on Ryder is well suited at the current rating level and that
over time an upgrade is possible if it maintains its enterprise
strengths, reports two-to-three years of 1%-2% operating margins,
and if balance sheet metrics improve to 'BB' rating levels.  



SABRE INDUSTRIES: S&P Affirms 'B' Corp. Credit Rating
-----------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B'
corporate credit rating on Alvarado, Texas-based Sabre Industries
Inc.  The outlook is stable.

At the same time, S&P affirmed its 'B+' issue-level rating on the
company's $320 million senior secured credit facilities (one-notch
higher than the corporate credit rating).  The recovery rating is
'2', indicating S&P's expectation of substantial (70% to 90%)
recovery in the event of a payment default (low end of the range).

S&P has revised Sabre's anchor score to 'b-' from 'b' based on the
company's continued maintenance of very high leverage metrics.  The
revision has no effect on the issuer and debt-level ratings as S&P
modified the anchor score one notch upward to result in the 'B'
corporate credit rating to reflect S&P's expectation that leverage
measures will improve over the next 12 months, as well as S&P's
favorable view of Sabre's position in its niche markets and long
term favorable demand fundamentals for Sabre's products which serve
electrical utility and telecomm markets.

"The stable outlook reflects our belief that Sabre's revenues and
EBITDA generation will improve over the next 12 months," said
Standard & Poor's credit analyst Pablo Garces.  "The outlook
further reflects our opinion that EBITDA margins will improve over
the same time period as fixed costs are spread over a larger
revenue base as Sabre completes its first full year since its
acquisition of FWT.  We believe this will improve Sabre's debt to
EBITDA leverage measures, which should approach 7.7x by the end of
fiscal 2016, ending April 2016.  In this scenario we also expect
liquidity to remain adequate."

S&P could lower its rating on Sabre if the company's liquidity were
to deteriorate in a meaningful way, due to an unexpected decline in
earnings, resulting in liquidity sources exceeding liquidity uses
by less than 1.5x over the next 12 months.  S&P could also lower
the rating if leverage does not continue on its recent improving
trend.  S&P could envision such scenarios if Sabre's profit margins
dropped due to the pricing environment being more competitive than
currently predicted.

While S&P considers an upgrade in Sabre's rating unlikely in the
next 12 months, it could raise the company's rating if S&P was to
take a more positive view of its business risk in the longer term,
supported by the company continuing to meaningfully expand and
diversify its customer base.  That, in addition to a normalization
of earnings (from an EBITDA margin perspective) over the next 12
months, could cause S&P to reassess Sabre's current "weak" business
risk profile as "fair."



SILVERADO STREET: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Silverado Street LLC
        601 Figueroa Street #4050
        Los Angeles, CA 90017

Case No.: 15-26357

Chapter 11 Petition Date: October 24, 2015

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

Judge: Hon. Robert N. Kwan

Debtor's Counsel: James J Lee, Esq.
                  LEGAL OFFICES OF JAMES J LEE
                  2620 Regatta Dr Ste 102
                  Las Vegas, NV 89128
                  Email: arbitration@leelawonline.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Amr Aljassim, managing member.

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


SKYSTAR BIO-PHARMACEUTICAL: Receives Nasdaq Delisting Notice
------------------------------------------------------------
Skystar Bio-Pharmaceutical Company, a China-based manufacturer and
distributor of veterinary medicine, vaccines, micro-organisms and
feed additives, on Oct. 23 disclosed that on October 20, 2015 it
received a letter from NASDAQ Stock Market indicating that that
Skystar failed to comply with Nasdaq's filing requirement set forth
in Listing Rule 5250(c)(1) because it failed to file its Form 10-K
for the fiscal year ended December 31, 2014, and Forms 10-Q for the
periods ended March 31, and June 30, 2015, respectively.

Based on its review of the materials submitted by Skystar, Nasdaq's
staff granted Skystar an exception until October 12, 2015, to file
the Delinquent Reports and thereby regain compliance with the Rule.
The notification letter indicated that because the Company has not
filed the Delinquent Reports and does not meet the terms of the
Exception.

Nasdaq also notified Skystar of two additional, and separate, bases
for delisting under Listing Rule 5250(b)(1) (failure to disclose
material non-public information) and Listing Rule 5101 (public
interest concerns).  The information to which Nasdaq referred was
the conduct by Skystar's audit committee of an internal
investigation into certain allegations, raised by Skystar's
auditors, that the auditors had been presented by Skystar personnel
with false bank documents relating to one bank account.  The public
interest concerns arise from the audit committee's determination
that a low level employee had falsified bank documents relating to
one bank account, which were then provided to the auditors by other
Skystar personnel who were unaware of the falsehood.  The employee
who falsified the document is no longer with Skystar.  After the
audit committee concluded its investigation, the Company's external
auditors have resumed their audit of Skystar's financial statements
for the year ended December 31, 2014.  Nasdaq's notice indicated
that all of the foregoing constituted a basis for delisting by
Nasdaq.

                   NASDAQ Delisting Action

Skystar intends to request a review of the delisting determination
by NASDAQ's Listing Qualifications Panel.  The hearing is generally
scheduled approximately 30-45 days after the date of the hearing
request.  Unless Skystar files a request for a hearing, Skystar's
common stock will be suspended from trading on October 29, 2015.  A
request for a hearing regarding a delinquent filing will stay the
suspension for a period of 15 days from the date of the request.
Pursuant to the procedures set forth in the Nasdaq Listing Rule
5800 Series, when Skystar requests a hearing, Skystar will request
a stay of the suspension, pending the hearing.  A Panel will review
the request for an extended stay and notify Skystar of its
conclusion as soon as is practicable but in any event no later than
15 calendar days following the deadline to request the hearing.
Skystar will inform the public of the conclusion of the Panel and
subsequent hearing date.

            About Skystar Bio-Pharmaceutical Company

Skystar -- http://www.skystarbio-pharmaceutical.com-- is a
China-based developer, manufacturer and distributor of veterinary
healthcare and medical care products.  Skystar has four product
lines: veterinary medicines, probiotics, vaccines and feed
additives formulated and packaged in house across several modern
manufacturing and distributions facilities.  Skystar's distribution
network includes almost 3,000 distribution agents of which 360 are
franchised stores with exclusivity agreements covering 29 provinces
throughout China.



STANDARD REGISTER: Hearing on Plan, Disclosures Set for Nov. 19
---------------------------------------------------------------
The U.S. Bankruptcy Court in Delaware is set to hold a hearing on
November 19 to consider approval of The Standard Register Co.'s
proposed Chapter 11 liquidation plan and disclosure statement.

Creditors entitled to vote on the plan have until November 2 to
cast their votes.  Objections to approval of the plan must also be
filed on or before that date, according to court filings.

Assets of Standard Register and its affiliates were sold to Taylor
Corp., a privately held company.  According to the disclosure
statement, the proceeds from the sale were used to pay Standard
Register's debtor-in-possession financing, claims of the first lien
term lenders, and a portion of the claims of the second lien term
lenders.  The company also used the proceeds to fund the $5 million
GUC cash payment.

Taylor also assumed certain limited obligations and advanced
$15.076 million for payment of claims related to the wind-down of
the companies and their Chapter 11 cases.  Standard Register used a
portion of that amount to loan $600,000 to the GUC Trust.  

The liquidation plan proposes to pay 1% of the allowed claims of
general unsecured creditors.

                     About Standard Register

Standard Register provides market-specific insights and a
compelling portfolio of workflow, content and analytics solutions
to address the changing business landscape in healthcare, financial
services, manufacturing and retail markets.  The Company has
operations in all U.S. states and Puerto Rico, and currently
employs 3,500 full-time employees and 16 part-time employees.

The Standard Register Company and 10 affiliated debtors sought
Chapter 11 protection in Delaware on March 12, 2015, with plans to
launch a sale process where its largest secured lender would serve
as stalking horse bidder in an auction.

The cases are pending before the Honorable Judge Brendan L. Shannon
and are jointly administered under Case No. 15-10541.

The Debtors have tapped Gibson, Dunn & Crutcher LLP and Young
Conaway Stargatt & Taylor LLP as counsel; McKinsey Recovery &
Transformation Services U.S., LLC, as restructuring advisors; and
Prime Clerk LLC as claims agent.

The Official Committee of Unsecured Creditors tapped Lowenstein
Sandler LLP as its counsel and Jefferies LLC as its exclusive
investment banker.


STANDARD REGISTER: Says Pennsylvania Tax Liability Must Be Slashed
------------------------------------------------------------------
Caroline Simson at Bankruptcy Law360 reported that the Standard
Register Co. estate told a Delaware bankruptcy judge on Oct. 19,
2015, that a claim filed against it by the Pennsylvania Department
of Revenue must be cut, saying the department incorrectly included
more than $1.9 million in sales and purchases on its list of items
where taxes should have been assessed.

The estate for the printing and communications company told the
court that an audit the department relied on to calculate its
$290,000 claim, which was based on an average of sales and
purchases.

                     About Standard Register

Standard Register provides market-specific insights and a
compelling portfolio of workflow, content and analytics solutions
to address the changing business landscape in healthcare,
financial services, manufacturing and retail markets.  The Company
has operations in all U.S. states and Puerto Rico, and currently
employs 3,500 full-time employees and 16 part-time employees.

The Standard Register Company and 10 affiliated debtors sought
Chapter 11 protection in Delaware on March 12, 2015, with plans to
launch a sale process where its largest secured lender would serve
as stalking horse bidder in an auction.

The cases are pending before the Honorable Judge Brendan L.
Shannon and are jointly administered under Case No. 15-10541.

The Debtors have tapped Gibson, Dunn & Crutcher LLP and Young
Conaway Stargatt & Taylor LLP as counsel; McKinsey Recovery &
Transformation Services U.S., LLC, as restructuring advisors; and
Prime Clerk LLC as claims agent.

The Official Committee of Unsecured Creditors tapped Lowenstein
Sandler LLP as its counsel and Jefferies LLC as its exclusive
investment banker.


STANDARD REGISTER: Sets Nov. 13 as Pension Claims Bar Date
----------------------------------------------------------
The Standard Register Co. has set a Nov. 13 deadline for retired
workers to file a proof of claim for pension benefits under any
defined contribution plan.

This deadline is called a "bar date" because it means that
creditors who come forward after that date may be "barred" from
ever filing a claim against the company.

                     About Standard Register

Standard Register provides market-specific insights and a
compelling portfolio of workflow, content and analytics solutions
to address the changing business landscape in healthcare, financial
services, manufacturing and retail markets.  The Company has
operations in all U.S. states and Puerto Rico, and currently
employs 3,500 full-time employees and 16 part-time employees.

The Standard Register Company and 10 affiliated debtors sought
Chapter 11 protection in Delaware on March 12, 2015, with plans to
launch a sale process where its largest secured lender would serve
as stalking horse bidder in an auction.

The cases are pending before the Honorable Judge Brendan L. Shannon
and are jointly administered under Case No. 15-10541.

The Debtors have tapped Gibson, Dunn & Crutcher LLP and Young
Conaway Stargatt & Taylor LLP as counsel; McKinsey Recovery &
Transformation Services U.S., LLC, as restructuring advisors; and
Prime Clerk LLC as claims agent.

The Official Committee of Unsecured Creditors tapped Lowenstein
Sandler LLP as its counsel and Jefferies LLC as its exclusive
investment banker.


STANDARD REGISTER: To Sell Terre Haute Property for $149,082
------------------------------------------------------------
The Standard Register Co. announced in a court filing that it is
selling a parcel of real property located at 1251 North Fruitridge
Avenue, in Terre Haute, Indiana.

The property will be sold to Eric and Holly Wuestefeld for
$149,082, "free and clear of liens, claims, encumbrances and other
interests."

The buyers are not an affiliate or insider of the company,
according to its lawyer, Andrew Magaziner, Esq., at Young Conaway
Stargatt & Taylor LLP, in Wilmington, Delaware.

                     About Standard Register

Standard Register provides market-specific insights and a
compelling portfolio of workflow, content and analytics solutions
to address the changing business landscape in healthcare, financial
services, manufacturing and retail markets.  The Company has
operations in all U.S. states and Puerto Rico, and currently
employs 3,500 full-time employees and 16 part-time employees.

The Standard Register Company and 10 affiliated debtors sought
Chapter 11 protection in Delaware on March 12, 2015, with plans to
launch a sale process where its largest secured lender would serve
as stalking horse bidder in an auction.

The cases are pending before the Honorable Judge Brendan L. Shannon
and are jointly administered under Case No. 15-10541.

The Debtors have tapped Gibson, Dunn & Crutcher LLP and Young
Conaway Stargatt & Taylor LLP as counsel; McKinsey Recovery &
Transformation Services U.S., LLC, as restructuring advisors; and
Prime Clerk LLC as claims agent.

The Official Committee of Unsecured Creditors tapped Lowenstein
Sandler LLP as its counsel and Jefferies LLC as its exclusive
investment banker.


THANE INTERNATIONAL: Chapter 15 Case Summary
--------------------------------------------
Chapter 15 Petitioner: Richter Advisory Group Inc.
                       181 Bay Street, Suite 3320
                       Bay Wellington Tower
                       Toronto, ON M5J 2T3
                       Canada

    Chapter 15 Debtor                        Case No.
    -----------------                        --------
    Thane International, Inc.                15-12186
    2321 Rosecrans Avenue
    El Segundo, CA 90245

    Thane Direct, Inc.                       15-12187

    TDG, Inc.                                15-12188

    West Coast Direct Marketing, Inc.        15-12189

    Thane Direct Company                     15-12190

    Thane Direct Canada Inc.                 15-12191

    Thane Direct Marketing, Inc.             15-12192

Type of Business: The Thane Group operates a multi-national
                  direct response business.  The Thane Group
                  focuses on the sale of unique consumer products
                  using developed promotional programs with
                  product development (in-house and through third
                  parties), manufacturing (through third parties)
                  and distribution (in-house and through third
                  parties) directly to consumers locally and
                  globally as well as distribution of those
                  products through traditional retail store
                  distribution channels to consumers.

Chapter 15 Petition Date: October 23, 2015

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Chapter 15 Petitioner's     Mark L. Desgrosseilliers, Esq.
Counsel:                    Morgan L. Patterson, Esq.
                            Nicholas T. Verna, Esq.
                            WOMBLE CARLYLE SANDRIDGE & RICE, LLP
                            222 Delaware Avenue, Suite 1501
                            Wilmington, DE 19801
                            Email: mdesgrosseilliers@wcsr.com
                                   mpatterson@wcsr.com
                                   nverna@wcsr.com
                           
Estimated Assets: $10 million to $50 million

Estimated Debts: $100 million to $500 million


THANE INTERNATIONAL: Chapter 15 Petition Filed in Delaware
----------------------------------------------------------
Thane International, Inc., and six of its affiliates are seeking
recognition in the United States of proceedings pending in Toronto,
Ontario, Canada, which includes proceedings under both Canadian
federal and provincial law.

Richter Advisory Group Inc., as receiver pursuant to Section 243(1)
of the Bankruptcy and Insolvency Act (Canada) and as receiver
pursuant to Section 101 of the Ontario's Courts of Justice Act,
filed a petition under Chapter 15 of the U.S. Bankruptcy Code
(Bankr. D. Del. Proposed Lead Case No. 15-12186) on Oct. 23, 2015,
to consummate a sale of the Debtors' assets.

The Debtors, with a head office located in Mississauga, Ontario,
are a global direct response enterprise with a focus on the sale of
unique customer products.  They offer steam-cleaning machines,
non-stick cookware products, dog training products, bras, ovens,
gym equipment, battery-powered portable EMS devices, and muscle
toning and aerobic training products.  The Debtors' distribution
platform includes lease facilities in the United States, the United
Kingdom, Australia, Scandinavia, and Mexico.

Pritesh Patel, vice president of Richter Advisory Group Inc., said
that from 2008-2011, the Thane Group experienced unprecedented
product success with the X-5 Steam Mop and the Swivel Sweeper,
Abdoer Twist, and Abtronic.  However, Mr. Patel maintained, the
Debtors' financial performance began to decline in 2013 as their
markets began to shift and long format television advertising and
sales began to decline in the U.S. and Canada.  According to Mr.
Patel, new products were coming online that were not as successful
as the Steam Mop program.

The Thane Group's annualized adjusted EBITDA decreased to
approximately $16 million in 2014 and $7 million in 2015, as
compared to approximately $40 million in 2013, Court documents
show.  Furthermore, the Thane Group's financial results have
continued to deteriorate year to date resulting in an EBITDA loss
of approximately $2 million as of Aug. 31, 2015.

Based on the Thane Group's financial results as of August 2015,
assets include cash of approximately $5,000,000, net accounts
receivable (excluding intercompany receivables) of approximately
$13,200,000 and net inventory of approximately $14,400,000.  The
Thane Group also has a book value of other assets (other than trade
accounts receivable and inventory) of approximately $17,000,000
million as of Aug. 31, 2015.

Trade creditors are owed about $10 million, approximately $188,000
of which relates to the Thane Debtors incorporated in the United
States.

Mr. Patel said that due to the declining position, the Thane
Debtors did not contest the appointment of a receiver in the
Canadian Proceeding, and on Oct. 23, 2015, an order was entered in
the Canadian Proceeding appointing the Receiver for the Thane
Debtors.

Substantially all of the Thane Group's assets are collateral for a
senior term and revolving credit facility provided by Bank of
Montreal, as syndication agent and administrative agent for itself,
National Bank of Canada and HSBC Bank Canada as lenders.  The
outstanding borrowings, exclusive of interest, under the senior
credit facilities total approximately $96 million.  The Thane Group
has not made any principal or interest payments to the Senior
Lenders since November 2013 and November 2014, respectively.

On Sept. 30, 2013, the Thane Group borrowers defaulted on certain
of their covenants and obligations to the Senior Lenders.  The
Senior Lenders agreed to forbear from exercising certain of their
rights and remedies and to provide further loans pursuant to the
terms and conditions set out in a forbearance agreement originally
dated Nov. 12, 2013, and subsequently amended and restated on May
26, 2014.  The Forbearance Agreement contemplated that the Thane
Group engage in a sales process for the Thane Business.

                          Sales Process

The Thane Group engaged SSG Capital Advisors to conduct the sales
process, which commenced in July 2014.  On May 22, 2015, after an
extensive marketing effort, Amir Tukulj and Russel Orelowitz, the
current management of the Thane Group, entered into a letter of
intent with the Senior Lenders with respect to the purchase of all
or substantially all of the assets the Thane Group.

The terms and conditions of the Purchase Transaction are now set
forth in that certain Offer to Purchase, by and between the
Receiver, as seller and 9472541 Canada Inc. ("New Thane Holdco"),
9472550 Canada Inc., 635427, Inc. and 652134 Limited, as purchasers
(the "New Thane Purchasers"), dated Oct. 16, 2015.

Pursuant to the Purchase Agreement, substantially all of the
business operated by the Thane Debtors and certain of their
affiliates will be acquired by the New Thane Purchasers.  The
shares of New Thane Holdco will initially be owned indirectly by
the two of the three existing Senior Lenders (BMO and National Bank
of Canada), as to a minority interest, and certain of the existing
management team of the Thane Group, as to the remaining majority
interest.

The New Thane Purchasers have offered to purchase the Thane
Business for a purchase price of approximately $50 million.  The
purchase price is to be funded by way of financing to be provided
to New Thane Holdco by the Senior Lenders, and the cash proceeds of
the transaction are to be immediately distributed by the Receiver,
which distribution may be effected by way of direction, and applied
in reduction of the existing indebtedness owed to the Senior
Lenders.

The New Thane Purchasers have been incorporated as Canadian
corporations (with the exception a subsidiary of New Thane Holdco
which has been incorporated in the U.K. to hold intellectual
property) to acquire the assets and shares making up the Thane
Business.

BMO and National Bank of Canada, through an intermediary holding
company, will hold a total of 35% of the initial overall equity in
New Thane Holdco.  Amir Tukulj and Russel Orelwitz, on behalf of
themselves and other members of the senior management of the Thane
Group, will hold a total of 65% of the initial overall equity in
New Thane Holdco.

BMO is requesting in the Canadian Proceeding that the Receiver be
authorized to make an immediate distribution of the cash purchase
price paid by the New Thane Purchasers as a payment on account of
the indebtedness currently outstanding to the Senior Lenders.  If
the Purchase Transaction is approved and closes, the indebtedness
currently outstanding to the Senior Lenders will be reduced by
approximately $50 million.

Richter Advisory has engaged Womble Carlyle Sandridge & Rice, LLP
as counsel.


THANE INTERNATIONAL: Files Confidential Appendices Under Seal
-------------------------------------------------------------
Richter Advisory Group Inc., the court-appointed receiver and duly
authorized foreign representative for Thane International, Inc., et
al., seeks the Bankruptcy Court's authority to file under seal
certain appendices to its report dated Oct. 19, 2015, which
appendices in turn are attached to the declaration of Pritesh Patel
in Support of petition for recognition.

The Receiver says the Confidential Appendices contain commercial
information, including sensitive financial information, which
information the court in the Canadian Proceeding has already
ordered filed under seal.  Specifically, Confidential Appendix 1
contains an information memorandum prepared and circulated by the
Debtors' sale agent, SSG Capital Advisors, LLC.  SSG circulated the
CIM to potential interested purchase of the Thane Group.
Confidential Appendix 2 is a valuation analysis of the Thane Group.


"[E]ach of the Confidential Appendices contains information that
would be detrimental to the Thane Debtors' ongoing business and
that could potentially negatively impact the value of the assets of
the Thane Group if such information were made public," the Receiver
maintains.

The Receiver will provide copies of the Confidential Appendices to
the Court and to the Office of the United States Trustees.

                     About Thane International

Headquartered in Mississauga, Ontario, the Thane Group operates a
multi-national direct response business.  The Thane Group focuses
on the sale of unique consumer products using developed promotional
programs with product development (in-house and through third
parties), manufacturing (through third parties) and distribution
(in-house and through third  parties) directly to consumers locally
and globally as well as distribution of those products through
traditional retail store distribution channels to consumers.

Thane International, Inc., et al., filed Chapter 15 petition
(Bankr. D. Del. Proposed Lead Case No. 15-12186) on Oct. 25, 2015.
The Debtors estimated assets in the range of $10 million to $50
million and liabilities of more than $100 million.

Womble Carlyle Sandridge & Rice, LLP represents the Receiver as
counsel.


THANE INTERNATIONAL: Joint Administration of Cases Sought
---------------------------------------------------------
Richter Advisory Group Inc. -- as the court-appointed receiver and
duly authorized foreign representative for Thane International,
Inc., Thane Direct, Inc., Thane Direct Company, West Coast Direct
Marketing, Inc., TDG, Inc., Thane Direct Canada Inc. and Thane
Direct Marketing, Inc. -- has asked the Bankruptcy Court to enter
an order directing joint administration of the Chapter 15 cases for
procedural purposes only.  

Specifically, the Receiver requests that the Court maintain one
file and one docket for all of these Chapter 15 cases under the
case of Thane International, Inc., Docket No. 15-12186.

Bankruptcy Rule 1015(b) provides, in pertinent part, that "[i]f
. . . two or more petitions are pending in the same court by or
against . . . a debtor and an affiliate, the court may order a
joint administration of the estates."  The Receiver asserts the
Debtors are "affiliates" as that term is defined under Section
101(2) of the Bankruptcy Code.

"Given the integrated nature of the Thane Debtors' operations,
joint administration of these chapter 15 cases will provide
significant administrative convenience without harming the
substantive rights of any party in interest," says Mark L.
Desgrosseilliers, Esq., at Womble Carlyle Sandridge & Rice, LLP,
attorney for the Receiver.  He adds that joint administration also
will allow the Office of the United States Trustee for the District
of Delaware and all parties-in-interest to monitor these Chapter 15
cases with greater ease and efficiency.

                      About Thane International

Headquartered in Mississauga, Ontario, the Thane Group operates a
multi-national direct response business.  The Thane Group focuses
on the sale of unique consumer products using developed promotional
programs with product development (in-house and through third
parties), manufacturing (through third parties) and distribution
(in-house and through third parties) directly to consumers locally
and globally as well as distribution of those products through
traditional retail store distribution channels to consumers.

Thane International, Inc., et al., filed Chapter 15 petition
(Bankr. D. Del. Proposed Lead Case No. 15-12186) on Oct. 25, 2015.
The Debtors estimated assets in the range of $10 million to $50
million and liabilities of more than $100 million.


THANE INTERNATIONAL: Receiver Seeks Stay of U.S. Actions
--------------------------------------------------------
Richter Advisory Group Inc., the court-appointed receiver and duly
authorized foreign representative for Thane International, Inc., et
al., seeks entry of a temporary restraining order staying execution
against the assets of the Debtors located in the United States.

According to documents filed with the Court, the principal purpose
of the Canadian Proceeding is to facilitate a sale of the assets of
the Debtors with the supervision and approval of the Canadian
Courts.  The commencement of the Canadian Proceeding, among other
things, (i) vested control of the Debtors' business, property, and
affairs with the Receiver, (ii) imposed a stay on the rights of
creditors, and (iii) prevented commencement or continuation of all
proceedings against the Debtors.

The Receiver believes that a stay of proceedings against the
Debtors' assets in the United States is crucial to preserve key
contracts and prevent any creditors of the Thane Group from
pursuing remedies and taking other action that may have a cascading
and devastating effect and result in significant erosion in
enterprise value to the detriment of all stakeholders.

                     About Thane International

Headquartered in Mississauga, Ontario, the Thane Group operates a
multi-national direct response business.  The Thane Group focuses
on the sale of unique consumer products using developed promotional
programs with product development (in-house and through third
parties), manufacturing (through third parties) and distribution
(in-house and through third  parties) directly to consumers locally
and globally as well as distribution of those products through
traditional retail store distribution channels to consumers.

Thane International, Inc., et al., filed Chapter 15 petition
(Bankr. D. Del. Proposed Lead Case No. 15-12186) on Oct. 25, 2015.
The Debtors estimated assets in the range of $10 million to $50
million and liabilities of more than $100 million.

Womble Carlyle Sandridge & Rice, LLP represents the Receiver as
counsel.


TIANYIN PHARMA: Receives NYSE MKT Listing Non-Compliance Notice
---------------------------------------------------------------
Tianyin Pharmaceutical Inc., a pharmaceutical company that
specializes in the patented biopharmaceutical, modernized
traditional Chinese medicine (mTCM), branded generics and active
pharmaceutical ingredients (API), received notice on October 16,
2015 from the NYSE MKT LLC indicating that the Company is below
certain of the Exchange's continued listing standards, as set forth
in Sections 134 and 1101 of the NYSE MKT Company Guide, due to the
delay in filing of its Annual Report on Form 10-K for the year
ended June 30, 2015.  Under NYSE MKT rules, until the Company files
the Form 10-K, its common stock will remain listed on the NYSE MKT
under the symbol "TPI," but will be assigned an ".LF" indicator to
signify late filing status.  Five business days following the
receipt of the noncompliance letter, the Company will be added to
the list of NYSE MKT noncompliant issuers on the website and the
indicator will be disseminated with the Company's ticker symbol.
The indicator will be removed when the Company has regained
compliance with all applicable continued listing standards.

In order to maintain its listing, the Company must submit a plan of
compliance by November 15, 2015 addressing how it intends to regain
compliance with Sections 134 and 1101 of the NYSE MKT Company Guide
by April 15, 2016.  If the plan is accepted, the Company may be
able to continue its listing but will be subject to periodic
reviews by the Exchange.  If the plan is not accepted or if it is
accepted but the Company is not in compliance with the continued
listing standards by April 15, 2016, or if the Company does not
make progress consistent with the plan, the Exchange will initiate
delisting procedures as appropriate.  The Company intends to submit
a compliance plan on or before the deadline set by the Exchange.

Currently the Company is working diligently to compile and
disseminate the information required to be included in the Form
10-K. The Company expects to file the Form 10-K before the deadline
set by the Exchange.

                          About TPI

Headquartered at Chengdu, China, TPI --
http://www.tianyinpharma.com-- is a pharmaceutical company that
specializes in the development, manufacturing, marketing and sales
of patented biopharmaceutical, mTCM, branded generics and API.  TPI
currently manufactures a comprehensive portfolio of 58 products, 24
of which are listed in the highly selective national medicine
reimbursement list, 10 are included in the essential drug list
(EDL) of China.  TPI's pipeline targets various high incidence
healthcare indications.



TOWER PARK: 9th Circ. Affirms Dismissal of Family Trust's Suit
--------------------------------------------------------------
The United States Court of Appeals for the Ninth Circuit affirmed
the judgement of the district court dismissing the case captioned
ALEXANDER HUGHES, Sole Non-Contingent Beneficiary of the Mark
Hughes Family Trust, Appellant, v. TOWER PARK PROPERTIES, LLC,
Appellee, NO. 13-56045 (9th Cir.), relating to IN THE MATTER OF:
TOWER PARK PROPERTIES, LLC, Debtor, for lack of standing.

The action arises from a question whether a beneficiary of a trust
who disagrees with the way the trust was administered by former
trustees is a "party in interest" with standing to object to the
bankruptcy court's approval of a settlement agreement between a
debtor, creditor entities held by the trust, and the former
trustees.

The Ninth Circuit held that the trust beneficiary does not have
party-in-interest standing to object to the settlement, at least
where his interests are adequately represented by a
party-in-interest trustee.

A full-text copy of the Opinion dated September 28, 2015, is
available at  http://is.gd/vfzKPzfrom Leagle.com.

Appellant is represented by Scott D. Bertzyk, Esq. --
bertzyks@gtlaw.com -- Eric V. Rowen, Esq. -- rowene@gtlaw.com --
Howard J. Steinberg, Esq. --  steinbergh@gtlaw.com -- Kevin P.
Garland, Karin Bohmholdt, Esq. -- bohmholdtk@gtlaw.com -- and
Matthew R. Gershman, Esq. -- gershmanm@gtlaw.com -- GREENBERG
TRAURIG, LLP, Los Angeles, California.

Appellee is represented by Jeremy V. Richards, Esq. --
jrichards@pszjlaw.com -- and Dean A. Ziehl, Esq.
--dziehl@pszjlaw.com -- PACHULSKI, STANG, ZIEHL & JONES LLP, Los
Angeles, California; David B. Golubchik, Esq. -- dbg@lnbyb.com --
and Daniel H. Reiss, Esq. -- dhr@lnbyb.com -- LEVENE, NEALE,
BENDER, YOO & BRILL L.L.P., Los Angeles, California.

Los Angeles, California-based Tower Park Properties, LLC, owns 157

acres on a mountaintop above Beverly Hills.

The Company filed for Chapter 11 bankruptcy protection on July 11,

2008 (Bankr. C.D. Calif. Case No. 08-20298).  Craig M. Rankin,
Esq., at Levene, Neale, Bender, Rankin & Brill, L.L.P., represents

the Debtor in its restructuring effort.  The Debtor in its
petition listed between $100 million and $500 million in estimated

assets and $50 million and $100 million in estimated debts.

The Troubled Company Reporter, in Oct. 16, 2008, reported that
Tower Park filed with the U.S. Bankruptcy Court for the Central
District of California a Chapter 11 plan along with an explanatory
disclosure statement promising to pay all creditors in full,
although not right way.


TRANS-INDUSTRIES INC: ERISA Suit Partially Dismissed
----------------------------------------------------
Judge Thomas J. Tucker of the United States Bankruptcy Court for
the Eastern District of Michigan, Southern Division, granted in
part the motion for summary judgment filed by the Chapter 7 trustee
for Trans-Industries, Inc., in the adversary proceeding captioned
CHARLES J. TAUNT, TRUSTEE, Plaintiff, v. JOAN PARKER COENEN, in her
capacity as representative of the estate of Dale S. Coenen,
deceased, et al., Defendants, ADV. PRO. NO. 07-6790 (Bankr. E.D.
Mich.).

Among other things, the adversary proceeding raises a number of
statute of limitation issues, which arose after a Chapter 7
bankruptcy trustee sued former pension plan fiduciaries for breach
of fiduciary duty under Employee Retirement Income Security Act of
1974.

In the adversary proceeding, the Chapter 7 Trustee has asserted
multi-million dollar breach of fiduciary duty claims against Dale
S. Coenen and Kai R. Kosanke, two alleged fiduciaries of the Debtor
Trans-Industries, Inc.'s pension plan -- the "Trans-Industries,
Inc. Employees' 401[(k)] Profit Sharing Plan & Trust".  Trustee
brought these claims under ERISA, in his capacity as successor to
the Debtor, in its capacity as plan administrator of the ERISA
Plan.  The breach of fiduciary duty claims are based on (1) the
Plan's purchase of 19,000 shares of Series A Preferred Stock of
Trans-Industries, Inc. on June 5, 2001; (2) the Plan's retention of
that preferred stock for a period of several years thereafter, and
the Plan's retention of the Debtor's common stock allegedly in
amounts too great and for too long; and (3) a series of
transactions between the Plan, Debtor, Coenen, and Fields in 2005,
which resulted in Coenen and Fields receiving lump sum cash
distributions of the entire amount of their vested interests in the
Plan, and which left the Plan unable to satisfy its obligations to
all of the other Plan participants.

The Trustee filed a motion for summary judgment against both
Defendants, Coenen and Kosanke.  Coenen also filed a motion for
summary judgment.  The summary judgment motions raise statute of
limitations issues, and other issues.

In an opinion dated September 25, 2015, which is available at
http://is.gd/3s4QOmfrom Leagle.com, Judge Tucker:

   -- granted Coenen's motion for summary judgment on the
Acquisition Claim, and on any Retention Claims that are based on
actions or inactions that occurred before December 14, 2001, based
on the statute of limitations. This ruling also will apply to the
Trustee's claims against Kosanke.

   -- granted summary judgment for Coenen, on any claims based on
actions or inactions that occurred on or after November 16, 2005,
when Coenen ceased being a Plan fiduciary.

In all other respects, the Court denied deny Coenen's motion.

The case is captioned In re: TRANS-INDUSTRIES, INC., et al.,
Chapter 7, Debtors. CHARLES J. TAUNT, TRUSTEE, Plaintiff, v. JOAN
PARKER COENEN, in her capacity as representative of the estate of
Dale S. Coenen, deceased, et al., Defendants, CASE NO. 06-43993,
(JOINTLY ADMINISTERED)., ADV. PRO. NO. 07-6790.

Charles J. Taunt, Trustee, Plaintiff, represented by Brian E.
Etzel, Esq. -- betzel@millerlawpc.com, The Miller Law Firm, Marc L.
Newman, Esq. -- mln@millerlawpc.com, The Miller Law Firm.

Kai Kosanke, Defendant, represented by Sara Klettke MacWilliams,
Esq. -- MacWilliams@youngpc.com, Young and Associates, Clyde B.
Pritchard.

Headquartered in Auburn Hills, Michigan, Trans-Industries, Inc.,
manufactured and sold bus lighting systems, source extraction
systems for the environmental market, and electronic display
systems.  The Company and its debtor-affiliates filed for
chapter 11 protection (Bankr. E.D. Mich. Case No. 06-43993) on
April 5, 2006, represented by Kenneth Flaska, Esq., at Dawda,
Mann, Mulcahy & Sadler, PLC, and estimating assets and debts
between $1 million and $10 million.  Judge Tucker converted the
chapter 11 case to a chapter 7 liquidation proceeding on
Oct. 17, 2006.  David W. Allard, the Chapter 7 Trustee, is
represented by Brian E. Etzel, Esq., and Marc L. Newman, Esq.,
at The Miller Law Firm, P.C., in Rochester, Mich.


TRI-UNION: Insurance Co. Directed to Pay $3.9MM to DOI
------------------------------------------------------
The United States of America, on behalf of the Department of the
Interior, Bureau of Ocean Energy Management, and Bureau of Safety
and Environmental Enforcement, has filed a motion for summary
judgment on its counterclaim against Greenwich Insurance Company.
Greenwich has also filed a motion for summary judgment on all
claims of Tri-Union Development Corporation, Palm Energy Group,
LLC, and Palm Energy Partners, LLC.

Judge Marvin Isgur of the United States Bankruptcy Court for the
Southern District of Texas, Houston Division, granted the United
States' Motion for Summary Judgment and denied Greenwich's
Cross-Motion and must pay the United States the $3,900,000 balance
of the surety bonds.

The court also granted Tri-Union's Motion for Summary Judgment on
the claim for a permanent injunction and as to whether the
Plaintiffs may recover based on the entire value of the contracts
at issue.  Tri-Union's motion is denied with respect to all other
claims.

The case is captioned IN RE: TRI-UNION DEVELOPMENT CORPORATION,
Debtor(s), v. PALM ENERGY GROUP, LLC, et al, Plaintiff(s), CASE NO.
03-44908 (Bankr. S.D. Tex.).

A full-text copy of Judge Isgur's memorandum opinion dated
September 9, 2015, is available at http://is.gd/bNCErwfrom
Leagle.com.

Palm Energy Group, LLC, Plaintiff, represented by Thomas W Graves,
Adair & Myers PLLC, Christopher Alfred Stevenson, Adair Myers
PLLC.

Tri-Union Development Corporation, Plaintiff, represented by Paul
Joseph Goodwine, Esq. -- pgoodwine@loopergoodwine.com -- Looper
Goodwine.

Greenwich Insurance Company, Defendant, represented by Corby Davin
Boldissar, Esq.-- dboldissar@lockelord.com, Locke Liddell & Sapp
LLP, William Steven Bryant, Esq. - Esq. --sbryant@lockelord.com,
Locke Lord LLP, Brooke B Chadeayne, Esq. --
bchadeayne@lockelord.com -- Locke Lord Bissell & Liddell, LLP,
Joseph B. DiRago, Esq., Locke Lord LLP, Philip G Eisenberg, Esq. --
peisenberg@lockelord.com -- Locke Lord et al.

Apache Corporation, Defendant, represented by Robin B Cheatham,
Esq. -- robin.cheatham@arlaw.com -- Adams Reese LLP, Scott Robert
Cheatham, Esq. -- scott.cheatham@arlaw.com -- Adams & Reese LLP.

Knight Well Services, Intervenor-Plaintiff, represented by William
Ross Spence, Esq. -- ross@snowspencelaw.com -- Snow Spence Green
LLP.

Headquartered in Houston, Texas, Tri-Union Development Corporation
is an independent oil and natural gas company engaged in the
acquisition, development, exploration and production of oil and
natural gas properties.  The Company filed for chapter 11
protection on October 20, 2003 (Bankr. S.D. Tex. Case No.
03-44908).  Charles A Beckham, Jr., Esq., Eric B. Terry, Esq.,
JoAnn Lippman, Esq., and Patrick Lamont Hughes, Esq., at Haynes &
Boone represent the Debtors in their restructuring efforts, which
culminated in confirmation of the Company's Fourth Amended Plan of
Reorganization on Sept. 30, 2004.

As of March 31, 2003, the Debtors listed $117,620,142 in total
assets and $167,519,109 in total debts.


TURKEY LAKE: Premier Laser Spa Chain Files for Ch 11 Bankruptcy
---------------------------------------------------------------
Turkey Lake, LLC (Bankr. N.D.N.Y. Case No. 15-12091) and its
affiliates, which own the chain of Premier Laser Spas, filed
separate Chapter 11 bankruptcy petitions on Oct. 20, 2015.  The
Turkey Lake petition was signed by Michael Linehan, CEO.

The affiliates include: Premier Laser Spa of Greenville, LLC
(Bankr. N.D.N.Y. Case No. 15-12105), Premier Laser Spa of Columbia,
LLC (Bankr. N.D.N.Y. Case No. 15-12102), Premier Laser Spa of
Boston, LLC (Bankr. N.D.N.Y. Case No. 15-12100), Premier Laser Spa
of Virginia, LLC (Bankr. N.D.N.Y. Case No. 15-12113), Premier Laser
Spa of St. Louis, LLC (Bankr. N.D.N.Y. Case No. 15-12112), Premier
Laser Spa of Richmond, LLC (Bankr. N.D.N.Y. Case No. 15-12111),
Premier Laser Spa of Pittsburgh, LLC (Bankr. N.D.N.Y. Case No.
15-12110), Premier Laser Spa of Orlando, LLC (Bankr. N.D.N.Y. Case
No. 15-12109), Premier Laser Spa of Louisville, LLC (Bankr.
N.D.N.Y. Case No. 15-12108), Premier Laser Spa of Kansas City, LLC
(Bankr. N.D.N.Y. Case No. 15-12107), Premier Laser Spa of
Indianapolis, LLC (Bankr. N.D.N.Y. Case No. 15-12106), Lexington
Laser Spa, LLC (Bankr. N.D.N.Y. Case No. 15-12095), Syracuse Laser
Spa, LLC (Bankr. N.D.N.Y. Case No. 15-31525), Premier Laser Spa of
Cincinnati, LLC (Bankr. N.D.N.Y. Case No. 15-12101), Premier Laser
Spa of Baltimore, LLC (Bankr. N.D.N.Y. Case No. 15-12098),
Knoxville Laser Spa, LLC (Bankr. N.D.N.Y. Case No. 15-12094),
Premier Laser Spa of Boston II, LLC (Bankr. N.D.N.Y. Case No.
15-12099), Cleveland Laser Spa, LLC (Bankr. N.D.N.Y. Case No.
15-12092), Columbus Laser Spa, LLC (Bankr. N.D.N.Y. Case No.
15-12093), Nashville Laser Spa, LLC (Bankr. N.D.N.Y. Case No.
15-12096), and Premier Laser Spa of Albany, LLC (Bankr. N.D.N.Y.
Case No. 15-12097).

Larry Rulison at Timesunion.com reports that the cases will likely
be consolidated by the Bankruptcy Court.

Timesunion.com relates that Premier Laser Spa of Albany said it
expanded too quickly.  According to the report, the Wolf Road
office owes $73,000 to local radio stations, likely for ad time.

Judge Robert E. Littlefield Jr. presides over the case.

Maureen T. Bass, Esq., at LeClairRyan, A Professional serves as the
Debtors' bankruptcy counsel.

Turkey Lake listed $230,478 in total assets and $3.78 million total
liabilities.  Premier Laser Spa of Greenville listed $209,711 in
total assets and $63,465 in total liabilities.

Turkey Lake, LLC, is headquartered in Pittsford, New York.  Premier
Laser Spa of Greenville, LLC, is based in Greenville, South
Carolina.


UNITED APOSTOLIC CHURCH: Case Summary & 16 Top Unsecured Creditors
------------------------------------------------------------------
Debtor: United Apostolic Church of God, Inc.
           aka City of God Church
        8710 N. Deerwood Drive
        Brown Deer, WI 53209

Case No.: 15-31774

Chapter 11 Petition Date: October 23, 2015

Court: United States Bankruptcy Court
       Eastern District of Wisconsin (Milwaukee)

Judge: Hon. Michael Halfenger

Debtor's Counsel: Dayten P. Hanson, Esq.
                  HANSON & PAYNE, LLC
                  740 N. James Lovell St.
                  Milwaukee, WI 53233
                  Tel: 414-271-4550
                  Fax: 414-271-7731
                  Email: dph@hansonpayne.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $100,000 to $500,000

The petition was signed by Franklin Tompkins, bishop.

A list of the Debtor's 16 largest unsecured creditors is available
for free at http://bankrupt.com/misc/wieb15-31774.pdf


UNITED DISTRIBUTION: S&P Revises Outlook to Neg. & Affirms B- CCR
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its outlook on
Bristol, Tenn.-based United Distribution Group Inc. to negative
from stable.  At the same time, S&P affirmed its 'B-' corporate
credit rating on the company.

S&P also raised its issue-level rating on UDG's first-lien
revolving credit facility and term loan to 'B' from 'B-' and
revised the recovery rating on the debt to '2' from '3'.  The '2'
recovery rating indicates S&P's expectation for substantial (70% to
90%; at the upper end of the range) recovery in the event of
payment default.  The 'CCC' issue-level rating and '6' recovery
rating on the company's second-lien term loan remains unchanged.

"The negative outlook reflects the risk that continued weakness in
UDG's mining and oil and gas end markets will continue to pressure
operating results, leading to significantly reduced headroom under
the company's leverage covenant, which could further constrain its
less-than-adequate liquidity, as we see it," said Standard & Poor's
credit analyst Michael Maggi.  "Although we forecast debt to EBITDA
above 7x and FFO to debt below 5% (including our adjustments) over
the next 12 months, we expect EBITDA interest coverage to remain
above 1x and free operating cash flow (FOCF) to remain positive."

S&P could lower the ratings if it views liquidity to be "weak,"
under its criteria, because a covenant breach is likely and
unavoidable and S&P views it as unlikely that UDG would be able to
obtain covenant relief from its lenders.  This could occur if sales
and EBITDA continue to decline such that EBITDA interest coverage
falls below 1x, causing the company to borrow more under its
revolving credit facility, thereby increasing its overall debt
level and leading S&P to view UDG's capital structure to be
unsustainable.

S&P could revise the outlook to stable if it thinks UDG is able to
sustainably keep headroom under its total leverage covenant above
15%.  This could occur if sales and EBITDA in its oil and gas end
markets show some signs of stabilization, with some recovery in its
mining end markets as well.  Separately, S&P could raise UDG's
ratings if the company is able to reduce leverage below 5x with a
commitment to maintain that level on a sustained basis. However,
S&P views this as highly unlikely over the next 12 months given the
current operating environment and UDG's financial sponsor
ownership.



VERITEQ CORP: Assets to Be Auctioned Off by Magna on Nov. 2
-----------------------------------------------------------
Magna Equities I LLC ("secured party") -- as collateral agent under
a security and pledge agreement dated Nov. 13, 2014, as amended,
executed by VeriteQ Corporation fka Digital Angel Corporation,
VeriteQ Acquisition Corporation and PositiveID Animal Health
Corporation, in favor of secured party -- intends to disposed of on
Nov. 2, 2015, the collateral at a public disposition to the highest
and qualified bidder in accordance to Section 9-610 of the Uniform
Commercial Code as enacted in the State of New York.

The public disposition will be held in the Rotunda of the
Courthouse of the Supreme Court of the State of New York, New York
County, 60 Centre Street in New York, New York, at an auction
conducted by William Mannion, Auctioneer, NYC DCA.

The property to be sold at the public disposition is substantially
all of the personal property of the Debtors given as security to
the secured party pursuant to the security agreement.

Form terms and conditions of the public disposition, and further
information concerning the collateral, prospect bidders may
contact:

   Michael Adelstein, Esq.
   Kelley Drye & Warren LLP
   101 Park Avenue
   New York, NY 10178
   Tel: (212) 808-7540
   Email: madelstein@kelleydrye.com

                           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 liabilties, $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.


VITRO SAB: Order Enforcing Plan Confirmation Affirmed
-----------------------------------------------------
United Independent School District appealed the bankruptcy court's
order granting Reorganized Vitro Asset Corp.'s Motion to Enforce
the order confirming the First Amended Joint Chapter 11 Plan for
Reorganization and its order denying the Motion to Alter or Amend
Judgment and Motion for Reconsideration.

Judge Jane J. Boyle of the United States District Court for the
Northern District of Texas, Dallas Division, affirmed the Order of
the Bankruptcy Court.

The case is captioned UNITED INDEPENDENT SCHOOL DISTRICT,
Appellant, v. VITRO ASSET CORP., and its AFFILIATED DEBTORS,
Appellees, CIVIL ACTION NO. 3:15-CV-0236-B, relating to IN RE:
VITRO ASSET CORP., et al., Debtors.

A full-text copy of Judge Boyle's memorandum opinion and order
dated September 23, 2015, is available at http://is.gd/W4jxYbfrom
Leagle.com.

United Independent School District, Appellant, represented by:

         J Alberto Alarcon, Esq.
         ALACORN & SAENZ PLLC
         1302 Washington St
         Laredo, TX 78040-4445

Vitro Asset Corp., and its Affiliated Debtors, Reorganized Debtors
and Appellees, represented by Gregory M Wilkes, Esq. --
greg.wilkes@nortonrosefulbright.com -- NORTON ROSE FULBRIGHT US
LLP, Ryan E Manns, Esq. -- ryan.manns@nortonrosefulbright.com --
NORTON ROSE FULBRIGHT US LLP & William R Greendyke, Esq.
--william.greendyke@nortonrosefulbright.com -- NORTON ROSE
FULBRIGHT US LLP .

Harlin D Hale, Bankruptcy Judge, Pro Se.

Case Admin Sup, Notice Only, Pro Se.

                         About Vitro SAB

Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV:
VITROA; NYSE: VTO), through its two subsidiaries, Vitro Envases
Norteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a global
glass producer, serving the construction and automotive glass
markets and glass containers needs of the food, beverage, wine,
liquor, cosmetics and pharmaceutical industries.

Vitro is the largest manufacturer of glass containers and flat
glass in Mexico, with consolidated net sales in 2009 of MXN23,991
million (US$1.837 billion).

Vitro defaulted on its debt in 2009, and is now seeking to
restructure around US$1.5 billion in debt, including US$1.2
billion in notes.

Vitro launched an offer to buy back or swap US$1.2 billion in debt
from bondholders.  The tender offer would be consummated with a
bankruptcy filing in Mexico and Chapter 15 filing in the United
States.  Vitro said noteholders would recover as much as 73% by
exchanging existing debt for cash, new debt or convertible bonds.
The offer was to expire December 7, 2010.

Noteholders who oppose the exchange, namely Knighthead Master
Fund, L.P., Lord Abbett Bond-Debenture Fund, Inc., Davidson
Kempner Distressed Opportunities Fund LP, and Brookville Horizons
Fund, L.P. -- which hold US$75 million, or approximately 6% of the
outstanding bond debt -- commenced involuntary bankruptcy cases
under Chapter 11 of the U.S. Bankruptcy Code against Vitro Asset
Corp. (Bankr. N.D. Tex. Case No. 10-47470) and nine other
affiliates on November 17, 2010.

Vitro engaged Susman Godfrey, L.L.P. as U.S. special litigation
Counsel to analyze the potential rights that Vitro may exercise in
the United States against the ad hoc group of dissident
bondholders and its advisors.

A larger group of noteholders, known as the Ad Hoc Group of Vitro
Noteholders -- comprised of holders, or investment advisors to
holders, which represent approximately US$650 million of the
Senior Notes due 2012, 2013 and 2017 issued by Vitro -- was not
among the Chapter 11 petitioners, although the group has expressed
concerns over the exchange offer.  The group says the exchange
offer exposes Noteholders who consent to potential adverse
consequences that have not been disclosed by Vitro.  The group is
represented by John Cunningham, Esq., and Richard Kebrdle, Esq. at
White & Case LLP.

The U.S. affiliates subject to the involuntary petitions are Vitro
Chemicals, Fibers & Mining, LLC (Bankr. N.D. Tex. Case No. 10
47472); Vitro America, LLC (Bankr. N.D. Tex. Case No. 10-47473);
Troper Services, Inc. (Bankr. N.D. Tex. Case No. 10-47474); Super
Sky Products, Inc. (Bankr. N.D. Tex. Case No. 10-47475); Super Sky
International, Inc. (Bankr. N.D. Tex. Case No. 10-47476); VVP
Holdings, LLC (Bankr. N.D. Tex. Case No. 10-47477); Amsilco
Holdings, Inc. (Bankr. N.D. Tex. Case No. 10-47478); B.B.O.
Holdings, Inc. (Bankr. N.D. Tex. Case No. 10-47479); Binswanger
Glass Company (Bankr. N.D. Tex. Case No. 10-47480); Crisa
Corporation (Bankr. N.D. Tex. Case No. 10-47481); VVP Finance
Corporation (Bankr. N.D. Tex. Case No. 10-47482); VVP Auto Glass,
Inc. (Bankr. N.D. Tex. Case No. 10-47483); V-MX Holdings, LLC
(Bankr. N.D. Tex. Case No. 10-47484); and Vitro Packaging, LLC
(Bankr. N.D. Tex. Case No. 10-47485).

Vitro SAB on December 13, 2010, filed its voluntary petition for a
pre-packaged Concurso Plan in the Federal District Court for Civil
and Labor Matters for the State of Nuevo Leon, thereby commencing
its voluntary concurso mercantil proceedings.  Vitro SAB believes
that, as a result of the implementation of the Concurso Plan
through the Mexican Proceeding, the holders of the Restructured
Debt will recover 68% to 75% of the face value of their respective
claims.

Vitro SAB also commenced parallel proceedings under Chapter 15 of
the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 10-16619) in
Manhattan on December 13, 2010, to seek U.S. recognition and
deference to its bankruptcy proceedings in Mexico.

Alejandro Francisco Sanchez-Mujica, as foreign representative of
Vitro, has asked the U.S. Bankruptcy Court to enter an order
recognizing the Mexican Proceeding as "foreign main proceeding"
pursuant to 11 U.S.C. Sections 1515 and 1517.

Early in January 2011, the Mexican Court dismissed the Concurso
Mercantil proceedings.


WRIGHTWOOD RANCH: Walter & Wilhelm Won't Get Evergreen Retainer
---------------------------------------------------------------
Peter C. Anderson, the U.S. Trustee for Region 16, and Wrightwood
Guest Ranch LLC, entered into an agreement wherein the law firm of
Walter & Wilhelm will not use or receive an evergreen retainer from
the Debtor but the firm will be compensated pursuant to Section 330
of the Bankruptcy Code.

In exchange for the agreement, the U.S. Trustee withdrew its
objection to the Debtor's request to employ the firm as its
bankruptcy counsel.

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.


ZUCKER GOLDBERG: Wants to Reject Agreements with Bear Mountainside
------------------------------------------------------------------
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.



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Based on a proven methodology, BTG's Transformational Cloud
Practice provides the dedicated resources to streamline and
transition a company's IT operations from complex and ineffective
infrastructure to cloud-based, service environments.  BTG brings a
wealth of experience from successful deployments that eliminate
CAPEX and utilize technologies such as Virtual Desktop
Infrastructure (VDI) and SaaS based applications to increase
productivity and lower costs.

"Executing a complete overhaul of any organization's computing
environment can be accurately categorized as a complex IT
turnaround migration project," said Jeff Kaplan, CEO of
Breakthrough Technology Group.  "For companies engaged in M&A or
bankruptcy restructuring, this intricate, multi-tiered task is
further complicated by radical changes to day-to-day operations,
new management and leadership."

Leveraging the collective expertise and deep domain knowledge of
its team, BTG simplifies this transition to help clients escape
siloed environments, and enjoy the fruits of agile, cloud-based
services that foster collaboration, productivity, and scalability,
while eliminating waste.  This approach maximizes the IT resources
of companies that are emerging from bankruptcy by breaking the
process into viable work streams, which BTG manages to completion.

"Through time-tested best practices, we deliver a 360 degree view
of how a company's applications, processes and users are supported
and interrelated.  That insight allows BTG to deliver a blueprint
from how to get from where they are to where they want to be.

"Because our focus is on the customer's business, we're not just
meeting their technology needs today -- but preparing them for the
next phase of growth.  As their requirements change, we can quickly
implement additional applications on the scalable foundation we
deliver so their operations do not miss a beat."

Other organizations undergoing a restructuring, which are healthy
and growing yet struggling with unpredictable and costly IT
expenditures, also benefit from this unique service.  While not
distressed, these organizations are not able to meet their current
IT requirements and are challenged with an ever-changing and
dynamic landscape.

"Despite the myriad differences between companies that are emerging
from bankruptcy and those that are growing, both suffer from
outdated technology resources that are not scalable, reliable,
flexible, or cost effective enough to meet their needs.

This Specialty Practice is comprised of three focus areas:

    * Transformational Consulting: This practice area is the
catalyst for successful migrations.  BTG employs a "Service
Oriented Architecture" to a customer's environment thus providing
clarity and continuity when developing a target architecture and
migration plan.  A strategy is produced where the project is broken
down into manageable modules to determine a roadmap on how to
transform the environment.  Modules can be mapped into an overall
project that that can be measured to completion and success.

Assessment and Strategy Planning
Architectural and Migration Planning

   * Service Delivery/Implementation/Migration
The migration is then prioritized, managed and implemented with the
oversight of a strong and dedicated Project Management team that
oversees and coordinates all aspects of the migration on behalf of
the customer. Seamless communication throughout a customer's
organization is the keystone to a successful and well-disciplined
project.

  * Private Cloud Management
Customers can choose to migrate to BTG's award-winning Private
Cloud which delivers a secure environment that is flexible,
scalable and reliable

This architecture allows for reduced expenses, increased
productivity, a reduction in CAPEX and ensures that our customers
can maintain flexibility in an evolving and ever-changing dynamic
landscape.

              About Breakthrough Technology Group LLC

Breakthrough Technology Group is an IT and telecommunications
solution provider, and the highest revenue-producing AT&T Alliance
Channel Solution Provider for 2010, 2011, and 2012.  Founded in
2007, BTG focuses on supporting its enterprise customers by solving
problems through the use of advanced technology and
telecommunications. The inherent knowledge base of BTG's veteran
team spans the entire IT landscape, from cloud-based desktop and
storage solutions to remote monitoring and individual end-user IT
support.  With a hyper-focus on specific IT practice areas and a
deep understanding of carrier networks, BTG has proven to be an
unquestioned leader and industry pioneer.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                                Total
                                               Share-      Total
                                    Total    Holders'    Working
                                   Assets      Equity    Capital
  Company         Ticker             ($MM)       ($MM)      ($MM)
  -------         ------           ------    --------    -------
ABSOLUTE SOFTWRE  OU1 GR            149.9       (13.1)      (8.1)
ABSOLUTE SOFTWRE  ABT CN            149.9       (13.1)      (8.1)
ABSOLUTE SOFTWRE  ALSWF US          149.9       (13.1)      (8.1)
ADV MICRO DEVICE  AMD* MM         3,229.0      (336.0)     980.0
ADVENT SOFTWARE   ADVS US           424.8       (50.1)    (110.8)
AEROJET ROCKETDY  GCY GR          1,957.4      (107.2)      96.3
AEROJET ROCKETDY  GCY TH          1,957.4      (107.2)      96.3
AEROJET ROCKETDY  AJRD US         1,957.4      (107.2)      96.3
AIR CANADA        ADH2 GR        12,374.0      (388.0)     (53.0)
AIR CANADA        ADH2 TH        12,374.0      (388.0)     (53.0)
AIR CANADA        ACDVF US       12,374.0      (388.0)     (53.0)
AIR CANADA        AC CN          12,374.0      (388.0)     (53.0)
AIR CANADA        ACEUR EU       12,374.0      (388.0)     (53.0)
AK STEEL HLDG     AKS* MM         4,335.4      (463.0)     863.4
AMYLIN PHARMACEU  AMLN US         1,998.7       (42.4)     263.0
ANGIE'S LIST INC  8AL GR            173.2       (19.8)     (33.1)
ANGIE'S LIST INC  ANGI US           173.2       (19.8)     (33.1)
ANGIE'S LIST INC  8AL TH            173.2       (19.8)     (33.1)
ARIAD PHARM       APS GR            543.0       (13.8)     209.9
ARIAD PHARM       ARIAEUR EU        543.0       (13.8)     209.9
ARIAD PHARM       ARIACHF EU        543.0       (13.8)     209.9
ARIAD PHARM       ARIA SW           543.0       (13.8)     209.9
ARIAD PHARM       ARIA US           543.0       (13.8)     209.9
ARIAD PHARM       APS TH            543.0       (13.8)     209.9
ASPEN TECHNOLOGY  AST GR            315.4       (48.5)     (32.8)
ASPEN TECHNOLOGY  AZPN US           315.4       (48.5)     (32.8)
AUTOZONE INC      AZOEUR EU       8,032.4    (1,643.2)    (742.6)
AUTOZONE INC      AZ5 TH          8,032.4    (1,643.2)    (742.6)
AUTOZONE INC      AZ5 GR          8,032.4    (1,643.2)    (742.6)
AUTOZONE INC      AZO US          8,032.4    (1,643.2)    (742.6)
AUTOZONE INC      AZ5 QT          8,032.4    (1,643.2)    (742.6)
AVID TECHNOLOGY   AVID US           276.2      (338.1)    (147.2)
AVID TECHNOLOGY   AVD GR            276.2      (338.1)    (147.2)
AVINTIV SPECIALT  POLGA US        1,991.4        (3.9)     322.1
BARRACUDA NETWOR  CUDA US           421.3       (26.4)      42.0
BARRACUDA NETWOR  7BM GR            421.3       (26.4)      42.0
BARRACUDA NETWOR  CUDAEUR EU        421.3       (26.4)      42.0
BERRY PLASTICS G  BP0 GR          5,011.0       (74.0)     634.0
BERRY PLASTICS G  BERY US         5,011.0       (74.0)     634.0
BLUE BIRD CORP    BLBD US           307.6      (133.8)       5.4
BLUE BIRD CORP    1291067D US       307.6      (133.8)       5.4
BLUE BUFFALO PET  B6B GR            459.5       (33.7)     258.1
BLUE BUFFALO PET  BUFF US           459.5       (33.7)     258.1
BRINKER INTL      EAT US          1,549.3      (108.1)    (201.0)
BRINKER INTL      BKJ GR          1,549.3      (108.1)    (201.0)
BRP INC/CA-SUB V  B15A GR         2,223.5       (31.1)     255.8
BRP INC/CA-SUB V  DOO CN          2,223.5       (31.1)     255.8
BRP INC/CA-SUB V  BRPIF US        2,223.5       (31.1)     255.8
BURLINGTON STORE  BUI GR          2,673.6       (40.6)     166.6
BURLINGTON STORE  BURL US         2,673.6       (40.6)     166.6
CABLEVISION SY-A  CVCEUR EU       6,712.1    (4,951.2)      61.0
CABLEVISION SY-A  CVY TH          6,712.1    (4,951.2)      61.0
CABLEVISION SY-A  CVC US          6,712.1    (4,951.2)      61.0
CABLEVISION SY-A  CVY GR          6,712.1    (4,951.2)      61.0
CABLEVISION-W/I   8441293Q US     6,712.1    (4,951.2)      61.0
CABLEVISION-W/I   CVC-W US        6,712.1    (4,951.2)      61.0
CAMBIUM LEARNING  ABCD US           156.6       (75.1)     (16.2)
CASELLA WASTE     WA3 GR            657.5       (18.9)      (1.2)
CASELLA WASTE     CWST US           657.5       (18.9)      (1.2)
CEDAR FAIR LP     7CF GR          2,076.3        (3.5)     (89.1)
CEDAR FAIR LP     FUN US          2,076.3        (3.5)     (89.1)
CENTENNIAL COMM   CYCL US         1,480.9      (925.9)     (52.1)
CHARTER COM-A     CHTR US        17,319.0       (31.0)  (1,180.0)
CHARTER COM-A     CKZA GR        17,319.0       (31.0)  (1,180.0)
CHARTER COM-A     CKZA TH        17,319.0       (31.0)  (1,180.0)
CHOICE HOTELS     CHH US            702.6      (385.5)     195.9
CHOICE HOTELS     CZH GR            702.6      (385.5)     195.9
CINCINNATI BELL   CBB US          1,509.6      (403.5)      (0.2)
CINCINNATI BELL   CIB GR          1,509.6      (403.5)      (0.2)
CLEAR CHANNEL-A   C7C GR          6,188.4      (263.3)     386.6
CLEAR CHANNEL-A   CCO US          6,188.4      (263.3)     386.6
CLIFFS NATURAL R  CLF* MM         2,609.4    (1,740.2)     623.8
COMMUNICATION     8XC GR          2,645.6      (969.3)       -
COMMUNICATION     CSAL US         2,645.6      (969.3)       -
CORIUM INTERNATI  CORI US            59.3        (5.4)      31.2
CRIUS ENERGY TRU  KWH-U CN          307.3       (53.4)     (69.5)
CYAN INC          CYNI US           112.1       (18.4)      56.9
CYAN INC          YCN GR            112.1       (18.4)      56.9
DELEK LOGISTICS   DKL US            352.0       (15.8)       5.5
DELEK LOGISTICS   D6L GR            352.0       (15.8)       5.5
DIRECTV           DTV US         25,321.0    (3,463.0)   1,360.0
DIRECTV           DTVEUR EU      25,321.0    (3,463.0)   1,360.0
DIRECTV           DTV CI         25,321.0    (3,463.0)   1,360.0
DOMINO'S PIZZA    EZV GR            603.2    (1,255.9)     125.1
DOMINO'S PIZZA    DPZ US            603.2    (1,255.9)     125.1
DOMINO'S PIZZA    EZV TH            603.2    (1,255.9)     125.1
DUN & BRADSTREET  DNB US          2,092.7    (1,217.9)    (412.7)
DUN & BRADSTREET  DB5 GR          2,092.7    (1,217.9)    (412.7)
DUNKIN' BRANDS G  2DB GR          3,348.1       (65.8)     285.7
DUNKIN' BRANDS G  2DB TH          3,348.1       (65.8)     285.7
DUNKIN' BRANDS G  DNKN US         3,348.1       (65.8)     285.7
DURATA THERAPEUT  DRTXEUR EU         82.1       (16.1)      11.7
DURATA THERAPEUT  DTA GR             82.1       (16.1)      11.7
DURATA THERAPEUT  DRTX US            82.1       (16.1)      11.7
EDGE THERAPEUTIC  EU5 GR             62.7       (39.3)      56.4
EDGE THERAPEUTIC  EDGE US            62.7       (39.3)      56.4
EDGEN GROUP INC   EDG US            883.8        (0.8)     409.2
ENERGIZER HOLDIN  ENR US          1,117.1      (296.9)     316.4
EOS PETRO INC     EOPT US             1.2       (25.4)     (26.6)
EPL OIL & GAS IN  EPA1 GR         1,496.3       (54.2)    (253.5)
EPL OIL & GAS IN  EPL US          1,496.3       (54.2)    (253.5)
EXELIXIS INC      EXEL US           248.8      (188.2)      31.5
EXELIXIS INC      EX9 TH            248.8      (188.2)      31.5
EXELIXIS INC      EX9 GR            248.8      (188.2)      31.5
EXELIXIS INC      EXELEUR EU        248.8      (188.2)      31.5
EXTENDICARE INC   EXETF US        2,167.5       (10.8)     (47.7)
EXTENDICARE INC   EXE CN          2,167.5       (10.8)     (47.7)
FREESCALE SEMICO  FSL US          3,159.0    (3,079.0)   1,264.0
FREESCALE SEMICO  1FS GR          3,159.0    (3,079.0)   1,264.0
FREESCALE SEMICO  FSLEUR EU       3,159.0    (3,079.0)   1,264.0
FREESCALE SEMICO  1FS TH          3,159.0    (3,079.0)   1,264.0
GAMING AND LEISU  2GL GR          2,516.0      (135.8)       5.9
GAMING AND LEISU  GLPI US         2,516.0      (135.8)       5.9
GARDA WRLD -CL A  GW CN           1,531.1      (362.2)      56.2
GARTNER INC       IT US           1,861.0      (170.2)    (138.5)
GARTNER INC       GGRA GR         1,861.0      (170.2)    (138.5)
GENESIS HEALTHCA  SH11 GR         6,103.4      (244.5)     228.5
GENESIS HEALTHCA  GEN US          6,103.4      (244.5)     228.5
GENTIVA HEALTH    GTIV US         1,225.2      (285.2)     130.0
GENTIVA HEALTH    GHT GR          1,225.2      (285.2)     130.0
GLG PARTNERS INC  GLG US            400.0      (285.6)     156.9
GLG PARTNERS-UTS  GLG/U US          400.0      (285.6)     156.9
GOLD RESERVE INC  GRZ CN             16.3       (28.8)     (39.0)
GRAHAM PACKAGING  GRM US          2,947.5      (520.8)     298.5
GYMBOREE CORP/TH  GYMB US         1,243.7      (378.0)      32.7
HCA HOLDINGS INC  HCA US         31,710.0    (5,955.0)   2,983.0
HCA HOLDINGS INC  2BH TH         31,710.0    (5,955.0)   2,983.0
HCA HOLDINGS INC  2BH GR         31,710.0    (5,955.0)   2,983.0
HCA HOLDINGS INC  HCAEUR EU      31,710.0    (5,955.0)   2,983.0
HD SUPPLY HOLDIN  5HD GR          6,505.0      (393.0)   1,466.0
HD SUPPLY HOLDIN  HDS US          6,505.0      (393.0)   1,466.0
HERBALIFE LTD     HOO GR          2,415.1      (196.4)     363.2
HERBALIFE LTD     HLF US          2,415.1      (196.4)     363.2
HERBALIFE LTD     HLFEUR EU       2,415.1      (196.4)     363.2
HOVNANIAN-A-WI    HOV-W US        2,549.3      (151.5)   1,595.3
HUGHES TELEMATIC  HUTCU US          110.2      (101.6)    (113.8)
IHEARTMEDIA INC   IHRT US        13,626.9   (10,240.8)     816.5
INFOR US INC      LWSN US         6,778.1      (460.0)    (305.9)
INVENTIV HEALTH   VTIV US         2,154.4      (613.8)      84.5
IPCS INC          IPCS US           559.2       (33.0)      72.1
ISTA PHARMACEUTI  ISTA US           124.7       (64.8)       2.2
JUST ENERGY GROU  JE CN           1,229.2      (528.2)      (6.6)
JUST ENERGY GROU  1JE GR          1,229.2      (528.2)      (6.6)
JUST ENERGY GROU  JE US           1,229.2      (528.2)      (6.6)
L BRANDS INC      LB* MM          6,804.0      (647.0)     928.0
L BRANDS INC      LB US           6,804.0      (647.0)     928.0
L BRANDS INC      LTD QT          6,804.0      (647.0)     928.0
L BRANDS INC      LBEUR EU        6,804.0      (647.0)     928.0
L BRANDS INC      LTD GR          6,804.0      (647.0)     928.0
L BRANDS INC      LTD TH          6,804.0      (647.0)     928.0
LEAP WIRELESS     LWI TH          4,662.9      (125.1)     346.9
LEAP WIRELESS     LEAP US         4,662.9      (125.1)     346.9
LEAP WIRELESS     LWI GR          4,662.9      (125.1)     346.9
LORILLARD INC     LLV TH          4,154.0    (2,134.0)   1,135.0
LORILLARD INC     LO US           4,154.0    (2,134.0)   1,135.0
LORILLARD INC     LLV GR          4,154.0    (2,134.0)   1,135.0
MAJESCOR RESOURC  MJXEUR EU           0.1        (3.2)      (3.2)
MALIBU BOATS-A    MBUU US           189.1       (11.3)       6.7
MALIBU BOATS-A    M05 GR            189.1       (11.3)       6.7
MANNKIND CORP     MNKD US           352.6      (115.5)    (196.4)
MANNKIND CORP     NNF1 GR           352.6      (115.5)    (196.4)
MANNKIND CORP     NNF1 TH           352.6      (115.5)    (196.4)
MANNKIND CORP     MNKDEUR EU        352.6      (115.5)    (196.4)
MARRIOTT INTL-A   MAQ GR          6,321.0    (3,033.0)  (1,611.0)
MARRIOTT INTL-A   MAQ TH          6,321.0    (3,033.0)  (1,611.0)
MARRIOTT INTL-A   MAR US          6,321.0    (3,033.0)  (1,611.0)
MCBC HOLDINGS IN  MCFT US            89.7       (42.3)     (34.4)
MCBC HOLDINGS IN  1SG GR             89.7       (42.3)     (34.4)
MDC COMM-W/I      MDZ/W CN        1,848.6      (273.8)    (394.7)
MDC PARTNERS-A    MDCA US         1,848.6      (273.8)    (394.7)
MDC PARTNERS-A    MDZ/A CN        1,848.6      (273.8)    (394.7)
MDC PARTNERS-A    MD7A GR         1,848.6      (273.8)    (394.7)
MDC PARTNERS-EXC  MDZ/N CN        1,848.6      (273.8)    (394.7)
MERITOR INC       AID1 GR         2,453.0      (591.0)     360.0
MERITOR INC       MTOR US         2,453.0      (591.0)     360.0
MERRIMACK PHARMA  MACK US           105.0      (143.1)     (33.7)
MERRIMACK PHARMA  MP6 GR            105.0      (143.1)     (33.7)
MICHAELS COS INC  MIM GR          1,864.0    (1,992.6)     501.0
MICHAELS COS INC  MIK US          1,864.0    (1,992.6)     501.0
MIDSTATES PETROL  MPO1EUR EU      1,796.2      (322.8)     117.4
MONEYGRAM INTERN  MGI US          4,464.6      (248.7)     (40.4)
MOODY'S CORP      MCO US          4,999.5      (103.4)   1,939.2
MOODY'S CORP      DUT TH          4,999.5      (103.4)   1,939.2
MOODY'S CORP      DUT GR          4,999.5      (103.4)   1,939.2
MOODY'S CORP      MCOEUR EU       4,999.5      (103.4)   1,939.2
MPG OFFICE TRUST  1052394D US     1,280.0      (437.3)       -
MPM HOLDINGS INC  MPMQ US         2,664.0    (1,827.0)  (1,221.0)
NATHANS FAMOUS    NATH US            85.6       (62.7)      59.1
NATHANS FAMOUS    NFA GR             85.6       (62.7)      59.1
NATIONAL CINEMED  NCMI US         1,010.5      (221.6)      73.0
NATIONAL CINEMED  XWM GR          1,010.5      (221.6)      73.0
NAVIDEA BIOPHARM  NAVB IT            22.2       (44.6)      13.9
NAVISTAR INTL     IHR TH          6,769.0    (4,809.0)     873.0
NAVISTAR INTL     IHR GR          6,769.0    (4,809.0)     873.0
NAVISTAR INTL     NAV US          6,769.0    (4,809.0)     873.0
NEFF CORP-CL A    NEFF US           668.9      (187.7)      10.4
NEW ENG RLTY-LP   NEN US            177.2       (29.6)       -
NORTHWEST BIO     NWBO US            64.2       (76.2)     (95.3)
NORTHWEST BIO     NBYA GR            64.2       (76.2)     (95.3)
NTELOS HOLDINGS   NTLS US           700.2       (14.3)     185.6
OMTHERA PHARMACE  OMTH US            18.3        (8.5)     (12.0)
PALM INC          PALM US         1,007.2        (6.2)     141.7
PBF LOGISTICS LP  11P GR            417.8      (199.9)      18.7
PBF LOGISTICS LP  PBFX US           417.8      (199.9)      18.7
PHILIP MORRIS IN  PMI SW         32,011.0   (12,226.0)      10.0
PHILIP MORRIS IN  4I1 QT         32,011.0   (12,226.0)      10.0
PHILIP MORRIS IN  PMI EB         32,011.0   (12,226.0)      10.0
PHILIP MORRIS IN  PMI1 IX        32,011.0   (12,226.0)      10.0
PHILIP MORRIS IN  PM US          32,011.0   (12,226.0)      10.0
PHILIP MORRIS IN  PM1 TE         32,011.0   (12,226.0)      10.0
PHILIP MORRIS IN  PM1EUR EU      32,011.0   (12,226.0)      10.0
PHILIP MORRIS IN  4I1 TH         32,011.0   (12,226.0)      10.0
PHILIP MORRIS IN  4I1 GR         32,011.0   (12,226.0)      10.0
PHILIP MORRIS IN  PM1CHF EU      32,011.0   (12,226.0)      10.0
PHILIP MORRIS IN  PM FP          32,011.0   (12,226.0)      10.0
PLAYBOY ENTERP-A  PLA/A US          165.8       (54.4)     (16.9)
PLAYBOY ENTERP-B  PLA US            165.8       (54.4)     (16.9)
PLY GEM HOLDINGS  PGEM US         1,312.8      (119.6)     258.1
PLY GEM HOLDINGS  PG6 GR          1,312.8      (119.6)     258.1
POLYMER GROUP-B   POLGB US        1,991.4        (3.9)     322.1
PROTALEX INC      PRTX US             1.1       (13.5)       0.6
PROTECTION ONE    PONE US           562.9       (61.8)      (7.6)
PUREBASE CORP     PUBC US             0.4        (1.1)      (1.4)
PURETECH HEALTH   PRTCL B3            -           -          -
PURETECH HEALTH   PRTCGBX EU          -           -          -
PURETECH HEALTH   PRTCL PO            -           -          -
PURETECH HEALTH   PRTCL IX            -           -          -
PURETECH HEALTH   PRTC LN             -           -          -
PURETECH HEALTH   PRTCL EB            -           -          -
QUALITY DISTRIBU  QDZ GR            413.0       (22.9)     102.9
QUALITY DISTRIBU  QLTY US           413.0       (22.9)     102.9
QUINTILES TRANSN  QTS GR          3,341.8      (701.7)     866.0
QUINTILES TRANSN  Q US            3,341.8      (701.7)     866.0
RAYONIER ADV      RYAM US         1,261.0       (51.1)     188.6
RAYONIER ADV      RYQ GR          1,261.0       (51.1)     188.6
REGAL ENTERTAI-A  RETA GR         2,590.9      (890.9)    (107.2)
REGAL ENTERTAI-A  RGC* MM         2,590.9      (890.9)    (107.2)
REGAL ENTERTAI-A  RGC US          2,590.9      (890.9)    (107.2)
RENAISSANCE LEA   RLRN US            57.0       (28.2)     (31.4)
RENTECH NITROGEN  RNF US            328.0       (73.5)      43.7
RENTECH NITROGEN  2RN GR            328.0       (73.5)      43.7
RENTPATH LLC      PRM US            208.0       (91.7)       3.6
REVLON INC-A      RVL1 GR         1,926.6      (629.2)     322.1
REVLON INC-A      REV US          1,926.6      (629.2)     322.1
RURAL/METRO CORP  RURL US           303.7       (92.1)      72.4
RYERSON HOLDING   RYI US          1,855.4      (114.9)     681.2
RYERSON HOLDING   7RY GR          1,855.4      (114.9)     681.2
SALLY BEAUTY HOL  S7V GR          2,189.6      (190.2)     819.6
SALLY BEAUTY HOL  SBH US          2,189.6      (190.2)     819.6
SANCHEZ ENERGY C  SN US           1,935.3       (53.1)     206.7
SANCHEZ ENERGY C  13S TH          1,935.3       (53.1)     206.7
SANCHEZ ENERGY C  SN* MM          1,935.3       (53.1)     206.7
SANCHEZ ENERGY C  13S GR          1,935.3       (53.1)     206.7
SBA COMM CORP-A   SBAC US         7,751.9    (1,133.2)      30.4
SBA COMM CORP-A   SBACEUR EU      7,751.9    (1,133.2)      30.4
SBA COMM CORP-A   SBJ TH          7,751.9    (1,133.2)      30.4
SBA COMM CORP-A   SBJ GR          7,751.9    (1,133.2)      30.4
SCIENTIFIC GAM-A  SGMS US         9,486.5      (260.1)     741.2
SCIENTIFIC GAM-A  TJW GR          9,486.5      (260.1)     741.2
SEARS HOLDINGS    SEE GR         13,186.0      (906.0)   2,092.0
SEARS HOLDINGS    SEE TH         13,186.0      (906.0)   2,092.0
SEARS HOLDINGS    SHLD US        13,186.0      (906.0)   2,092.0
SECTOR 5 INC      SECT US             0.0        (0.0)      (0.0)
SILVER SPRING NE  SSNI US           517.9      (104.9)     (38.1)
SILVER SPRING NE  9SI TH            517.9      (104.9)     (38.1)
SILVER SPRING NE  9SI GR            517.9      (104.9)     (38.1)
SIRIUS XM CANADA  XSR CN            297.1      (132.8)    (177.9)
SIRIUS XM CANADA  SIICF US          297.1      (132.8)    (177.9)
SLEEP COUNTRY CA  1S2 GR              1.5        (0.9)      (1.2)
SLEEP COUNTRY CA  ZZZ CN              1.5        (0.9)      (1.2)
SPIN MASTER -SVC  SNMSF US          350.8       (66.2)    (179.5)
SPIN MASTER -SVC  TOY CN            350.8       (66.2)    (179.5)
SPIN MASTER -SVC  SP9 GR            350.8       (66.2)    (179.5)
SPORTSMAN'S WARE  SPWH US           325.9       (24.2)      81.4
SPORTSMAN'S WARE  06S GR            325.9       (24.2)      81.4
STINGRAY - SUB V  RAY/A CN          128.2       (17.8)     (41.0)
STINGRAY DIG-VSV  RAY/B CN          128.2       (17.8)     (41.0)
SUPERVALU INC     SVU* MM         4,612.0      (511.0)     (42.0)
SUPERVALU INC     SVU US          4,612.0      (511.0)     (42.0)
SUPERVALU INC     SJ1 GR          4,612.0      (511.0)     (42.0)
SYNERGY PHARMACE  S90 GR            164.8       (21.9)     147.2
SYNERGY PHARMACE  SGYPEUR EU        164.8       (21.9)     147.2
SYNERGY PHARMACE  SGYP US           164.8       (21.9)     147.2
THERAVANCE        HVE GR            462.1      (294.0)     231.7
THERAVANCE        THRX US           462.1      (294.0)     231.7
THRESHOLD PHARMA  NZW1 GR            73.9       (26.3)      46.6
THRESHOLD PHARMA  THLD US            73.9       (26.3)      46.6
TRANSDIGM GROUP   TDG US          8,350.4    (1,169.0)   1,349.8
TRANSDIGM GROUP   T7D GR          8,350.4    (1,169.0)   1,349.8
TRINET GROUP INC  TNETEUR EU      1,557.0        (7.9)      50.7
TRINET GROUP INC  TN3 GR          1,557.0        (7.9)      50.7
TRINET GROUP INC  TNET US         1,557.0        (7.9)      50.7
UNISYS CORP       UIS1 SW         2,097.9    (1,451.3)     124.7
UNISYS CORP       UISCHF EU       2,097.9    (1,451.3)     124.7
UNISYS CORP       USY1 TH         2,097.9    (1,451.3)     124.7
UNISYS CORP       USY1 GR         2,097.9    (1,451.3)     124.7
UNISYS CORP       UISEUR EU       2,097.9    (1,451.3)     124.7
UNISYS CORP       UIS US          2,097.9    (1,451.3)     124.7
VECTOR GROUP LTD  VGR GR          1,462.8        (1.7)     514.4
VECTOR GROUP LTD  VGR QT          1,462.8        (1.7)     514.4
VECTOR GROUP LTD  VGR US          1,462.8        (1.7)     514.4
VENOCO INC        VQ US             598.9      (151.0)     207.6
VERISIGN INC      VRSN US         2,577.3    (1,031.4)     (38.8)
VERISIGN INC      VRS GR          2,577.3    (1,031.4)     (38.8)
VERISIGN INC      VRS TH          2,577.3    (1,031.4)     (38.8)
VERIZON TELEMATI  HUTC US           110.2      (101.6)    (113.8)
VERSEON CORP      VSN LN              -           -          -
VIRGIN MOBILE-A   VM US             307.4      (244.2)    (138.3)
VTV THERAPEUTI-A  VTVT US            19.0       (80.9)     (60.3)
W&T OFFSHORE INC  WTI US          2,085.0        (0.8)     (95.1)
W&T OFFSHORE INC  UWV GR          2,085.0        (0.8)     (95.1)
WEIGHT WATCHERS   WTW US          1,341.2    (1,347.5)    (207.2)
WEIGHT WATCHERS   WTWEUR EU       1,341.2    (1,347.5)    (207.2)
WEIGHT WATCHERS   WW6 QT          1,341.2    (1,347.5)    (207.2)
WEIGHT WATCHERS   WW6 TH          1,341.2    (1,347.5)    (207.2)
WEIGHT WATCHERS   WW6 GR          1,341.2    (1,347.5)    (207.2)
WEST CORP         WT2 GR          3,549.9      (625.9)     265.3
WEST CORP         WSTC US         3,549.9      (625.9)     265.3
WESTERN REFINING  WR2 GR            441.6       (27.7)      66.8
WESTERN REFINING  WNRL US           441.6       (27.7)      66.8
WESTMORELAND COA  WLB US          1,777.6      (422.8)      40.1
WINGSTOP INC      EWG GR            117.4       (17.4)       6.0
WINGSTOP INC      WING US           117.4       (17.4)       6.0
WINMARK CORP      WINA US            46.8       (36.0)      11.1
WINMARK CORP      GBZ GR             46.8       (36.0)      11.1
WYNN RESORTS LTD  WYR GR          9,283.0      (110.7)     860.6
WYNN RESORTS LTD  WYR TH          9,283.0      (110.7)     860.6
WYNN RESORTS LTD  WYNNCHF EU      9,283.0      (110.7)     860.6
WYNN RESORTS LTD  WYNN SW         9,283.0      (110.7)     860.6
WYNN RESORTS LTD  WYNN* MM        9,283.0      (110.7)     860.6
WYNN RESORTS LTD  WYNN US         9,283.0      (110.7)     860.6
XERIUM TECHNOLOG  XRM US            578.2       (95.4)      75.9
XERIUM TECHNOLOG  TXRN GR           578.2       (95.4)      75.9
YRC WORLDWIDE IN  YEL1 GR         1,968.6      (445.2)     200.4
YRC WORLDWIDE IN  YRCW US         1,968.6      (445.2)     200.4
YRC WORLDWIDE IN  YEL1 TH         1,968.6      (445.2)     200.4


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2015.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***