TCR_Public/151106.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, November 6, 2015, Vol. 19, No. 310

                            Headlines

ALLONHILL LLC: Plan Goes to Dec. 17 Confirmation Hearing
ALLY FINANCIAL: Offering $750 Million Senior Notes Due 2018
AMERICAN EAGLE ENERGY: Nov. 6 Hearing on Cash Use, Assignments
AMERICAN POWER: Arrow Reports 44.7% Stake as of Oct. 15
ANTHONY PEZZO: Appeal from Order Extending Stay Denied

APPLIED MINERALS: Enters Into 5-Year Supply Contract for AMIRON
ARCHDIOCESE OF MILWAUKEE: To Seek Plan Confirmation Nov. 9
ARCHDIOCESE OF ST. PAUL: Minnesota Historical to Buy Hayden Center
ARLENE A. SMITH-SCOTT: Order Converting Case to Ch. 7 Affirmed
ATLANTIC & PACIFIC: Bogopa Offers $600K for Brentwood Assets

ATLANTIC & PACIFIC: Landlords Oppose Store Closing Sales
ATLANTIC & PACIFIC: Nicholas Markets Buying Wash. Township Assets
ATLANTIC & PACIFIC: Seeks Approval to Sell Lease to Dave-Marion
ATLANTIC & PACIFIC: Selling Pharmaceutical Assets to CVS, Rite Aid
ATLANTIC & PACIFIC: To Sell Richmond Store Lease to Fox Hill

BAYOU SHORES: Judge Says Nursing Home Stays Open During CMS Fight
BERLIN PACKAGING: Moody’s Affirms 'B3' Corporate Family Rating
BERNARD L. MADOFF: Legacy Capital Wants $213M Suit Slashed
BIOSENTA INC: To Borrow C$550K, Plans to File Bankruptcy Proposal
BUCKSPORT GENERATION: 60-Day Extension to File Schedules Sought

BUCKSPORT GENERATION: Files for Chapter 11 Bankruptcy Protection
BUCKSPORT GENERATION: Wants to Borrow $10 Million From AIM
CANCER GENETICS: Updated Third Quarter Preliminary Results
CENTRAL GARDEN: Moody’s Rates $400MM Sr. Unsecured Notes 'B2'
CENTRAL GARDEN: S&P Assigns 'BB-' Rating on $400MM Unsecured Notes

CHAMINADE UNIVERSITY: Moody's Rates $25MM Revenue Bonds 'Ba2'
CHAMINADE UNIVERSITY: S&P Rates 2015A & 2015B Revenue Bonds 'BB+'
CHARLES HESTER: Suit Against JP Morgan Partially Dismissed
CITY SPORTS: Hilco-Gordon Joint Venture to Liquidate 26 Stores
COLT DEFENSE: Filed 10-Week Projection Model

COMMUNICATION INTELLIGENCE: Mike Engmann Joins Board
CORINTHIAN COLLEGES: CFPB Gets $530-Mil. Judgment
CORINTHIAN COLLEGES: CFPB Wins Judgment on $530 Million Lawsuit
DOUGLAS HIMMELFARB: Plan of Reorganization Confirmed
ELBIT IMAGING: Plaza Gets Amended Notice to Convene EGM

EPWORTH VILLA: Plan Hearing Tentatively Set for Dec. 11
EPWORTH VILLA: Seeks to Strike Holden & Carr Objection
ESCALERA RESOURCES: Files Voluntary Chapter 11 Bankruptcy Petition
F-SQUARED INVESTMENT: Seeks to Retain Control of Ch. 11 Cases
FONTANA AUTOMOTIVE: Voluntary Chapter 11 Case Summary

FORBES ENERGY: S&P Lowers CCR & Unsecured Debt Rating to 'CCC+'
FREDERICK'S OF HOLLYWOOD: Liquidation Plan Declared Effective
FREMONT INVESTMENT: Suit vs. Bedasees Remanded to State Court
GENERAL NUTRITION: Moody’s Affirms Ba3 Corporate Family Rating
GETTY IMAGES: Moody’s Lowers Corporate Family Rating to Caa1

GLOBO PLC: Moody's Withdraws B2 CFR Due to Lacking Information
GT ADVANCED: Creditor Says Exclusivity Extension Would Cost Estate
HEALTH DIAGNOSTIC: Ex-CEO Fights Government's Fraud Scheme Lawsuit
HOLY GUACAMOLE: Case Summary & 2 Largest Unsecured Creditors
HUTCHESON MEDICAL: Chickamauga City Sets Eyes on Closed Clinic

ILDEFONSO MARTINEZ SANTIAGO: Case Converted to Ch. 7
INTEGRATED INFORMATION: Dismissal of ABN's Claims Affirmed
JOHN AREHART: Court Okays Nov. 18 Auction of 1000 Acres Ranch
KRISHNA ASSOCIATES: Files for Chapter 11 Bankruptcy Protection
LA SABANA: Case Summary & 3 Largest Unsecured Creditors

LIFE PARTNERS: Ch. 11 Trustee Hits Sales Team With $92M Clawback
LOGAN'S ROADHOUSE: Moody’s Affirms Caa3 Corporate Family Rating
LONDON CALLING: Case Summary & 2 Largest Unsecured Creditors
MANHATTAN 335 TOWER: Files for Chapter 11 Amid Lawsuit
MERITAGE HOMES: 9th Circ. Upholds JPMorgan's $15M Win in Loan Row

MISSION HOSPITAL: Moody’s Lowers Bond Rating to Ba2, Outlook Neg.
MORGAN HILL PARTNERS: New Plan to Be Funded by $17.4M Sale of Ranch
NBN CORPORATION: Case Summary & Largest Unsecured Creditor
ORLANDO GATEWAY: Dec. 16 Hearing on Disclosure Statements
PACIFIC GAS: Judge Wants Active Tense, Cartoons in Escrow Appeal

PANGEA MERGER: Moody’s Assigns 'B2' Corporate Family Rating
PATRIOT COAL: Debtors, Peabody Deal With Retirees Approved
PBF HOLDING: S&P Raises CCR to 'BB', Off CreditWatch Positive
PHARMACYTE BIOTECH: Dismisses Farber Hass as Accountant
PREMIERE GLOBAL: S&P Assigns Prelim. 'B' CCR; Outlook Negative

REICHHOLD HOLDINGS: Seeks $250K Private Sale of Tuscaloosa Property
REICHHOLD HOLDINGS: Seeks Approval of Retiree Settlement
RELATIVITY FASHION: Seeks Modification of Final DIP Order
RELATIVITY MEDIA: Judge Again Disapproves Revised DIP Financing
RITE AID: Fitch Says 5-Yr. CDS Trading at Tight Levels

ROBERTO SEBELEN MEDINA: Suit Against Bank Remains Dismissed
ROSEVILLE SENIOR LIVING: Court Directs Appointment of Ch.11 Trustee
SABRE GLBL: Moody’s Assigns Ba3 Rating to $500MM Sr. Secured Notes
SABRINA WOODARD: Required to File Tax Returns
SEACOR HOLDINGS: S&P Lowers CCR to 'B+', Outlook Negative

SUMMIT MATERIALS: Notes Upsize to $625MM No Effect on Moody's CFR
TAYLOR-WHARTON INT'L: Slams Objections to DIP Financing Package
THANE INTERNATIONAL: December Hearing on Chapter 15 Recognition
THORNTON & CO.: Debtor, Committee Object to PUB Bid for Stay Relief
TOMS SHOES: Moody’s Lowers CFR & Secured Term Loan Rating to B3

TRANS-LUX CORP: Gabelli Funds Reports 24.2% Stake as of Nov. 2
TRIREME MEDICAL: Takes $20M Catheter IP Loss to Fed. Circuit
UNI-PIXEL INC: Announces Streamlining of Cost Structure
UNI-PIXEL INC: Incurs $10 Million Net Loss in Third Quarter
UNIVERSITY GENERAL: Has Until Jan. 25 to Propose Chapter 11 Plan

US RENAL CARE: Moody’s Rates $1.9BB First Lien Secured Loans 'B1'
VISION SOLUTIONS: Moody’s Lowers Corporate Family Rating to 'B3'
WALTER ENERGY: Enters Into Asset Purchase Agreement with Sr. Lender
WEST CORP: Reports Third Quarter 2015 Results
YELLOW CAB: Can Continue Paying Key Partner in Chapter 11

[*] Energy Company Distress on the Rise
[*] Oilfield Bankruptcies to Drive Defaults to 4-Year High
[*] Senior Facilities Among Distressed Businesses
[*] Strong Auto Sales Continue But Industry Risks Remain, Fitch Say
[*] Wells Fargo Reaches Settlement Over Ch.13 PcNs, Escrow Analyses

[] Ch. 15 Caseload Eclipses 2014 Full-Year Pace
[^] BOOK REVIEW: Oil Business in Latin America: The Early Years

                            *********

ALLONHILL LLC: Plan Goes to Dec. 17 Confirmation Hearing
--------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware on Nov. 3, 2015, approved the disclosure statement
explaining Allonhill, LLC's Plan and scheduled the Confirmation
Hearing for Dec. 17, 2015, at 10:00 a.m. (Eastern Time).

Objections, if any, to confirmation of the Plan, must be filed on
or before Dec. 8.  Ballots must also be returned by the same date.
In the event one or more objections to confirmation of the Plan are
filed, the Debtor may file an omnibus reply to those objections
before Dec. 11.

Stewart Lender Services, Inc., objected to the Disclosure
Statement, complaining that the Plan grants Allonhill an effective
discharge under Sections 524 and 1141 of the Bankruptcy Code even
though Allonhill is not an individual, it is liquidating, and it
will not conduct business post-confirmation.  In addition, the Plan
contains sweeping third-party releases, exculpations, and
injunctions that are legally unsupportable.  These deficiencies
render the Plan unconfirmable on its face, and the Court should
therefore deny approval of any disclosure statement that describes
it, Stewart Lender asserted.

In order to address Stewart's objections, the Debtor revised
provisions relating to voting of contingent and unliquidated
claims, and to temporary allowance of claims for voting purposes.

A blacklined version of the Disclosure Statement dated Nov. 3,
2015, is available at http://bankrupt.com/misc/ALLONds1103.pdf

Full-text copies of the Plan Exhibits dated Nov. 3, 2015, are
available at http://bankrupt.com/misc/ALLONplanex1103.pdf

A blacklined version of the Disclosure Statement dated Oct. 21,
2015, is available at http://bankrupt.com/misc/ALLONds1021.pdf

The Debtors are represented by Neil B. Glassman, Esq., Justin R.
Alberto, Esq., and Evan T. Miller, Esq., at Bayard, P.A., in
Wilmington, Delaware; and Peter A. Ivanick, Esq., and Lynn W.
Holbert, Esq., at Hogan Lovells US LLP, in New York.

Counsel for Stewart Lender:

         Kevin J. Mangan, Esq.
         WOMBLE CARLYLE SANDRIDGE & RICE, LLP
         222 Delaware Avenue, Ste. 1501
         Wilmington, DE 19801
         Tel: (302) 252-4320
         Fax: (302) 252-4330
         E-mail: kmangan@wcsr.com

            -- and --

         W. Steven Bryant, Esq.
         LOCKE LORD LLP
         2800 JPMorgan Chase Tower
         600 Travis Street, Ste. 2800
         Houston, TX 77002
         Tel: (713) 226-1200
         Fax: (713) 223-3717

                        About Allonhill

Allonhill LLC, a professional services firm based in Denver,
Colorado, that previously provided loan due diligence and credit
risk management services for institutions that invest in, sell,
securitize or service mortgage loans, sought protection under
Chapter 11 of the Bankruptcy Code on March 26, 2014.  The case is
In re Allonhill, LLC, Case No. 14-bk-10663 (Bankr. D. Del.).

The Debtor's general counsel is Hogan Lovells US LLP.  The Debtor's
local counsel is Neil B. Glassman, Esq., Justin R. Alberto, Esq.,
and Evan T. Miller, Esq., at Bayard, P.A., in Wilmington, Delaware.
Upshot Services LLC serves as the Debtor's claims and noticing
agent.

The Debtor disclosed $19,205,062 in assets and $32,918,294 in
liabilities as of the Chapter 11 filing.

Roberta A. DeAngelis, U.S. Trustee for Region 3, notified the
Bankruptcy Court that she was unable to appoint an official
committee of unsecured creditors.

Allonhill filed a Chapter 11 Plan of Reorganization and
accompanying disclosure statement following the sale of
substantially all of its assets to Stewart Lender Services, Inc.


ALLY FINANCIAL: Offering $750 Million Senior Notes Due 2018
-----------------------------------------------------------
Ally Financial Inc. is offering $750,000,000 of 3.250% Senior Notes
due 2018 at an issue price of 99.858%.  Interest are payable
semi-annually, in arrears on May 5 and November 5 of each year,
until maturity, commencing May 5, 2016.

Joint Book-Running Managers: Citigroup Global Markets Inc.
                             Goldman, Sachs & Co.
                             Morgan Stanley & Co. LLC
                             RBC Capital Markets, LLC

Co-Managers:           Credit Agricole Securities (USA) Inc.
                             Lloyds Securities Inc.
                             Scotia Capital (USA) Inc.
                             SG Americas Securities, LLC
                             U.S. Bancorp Investments, Inc.
                             Loop Capital Markets LLC
                             Siebert Brandford Shank & Co., L.L.C.
                             Telsey Advisory Group LLC
                             The Williams Capital Group, L.P.

A copy of the free writing prospectus is available for free at:

                        http://is.gd/Jc3GgU

                        About Ally Financial

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

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

As of Sept. 30, 2015, the Company had $156 billion in total assets,
$142 billion in total liabilities, and $14.6 billion in total
equity.

                           *     *     *

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

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

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


AMERICAN EAGLE ENERGY: Nov. 6 Hearing on Cash Use, Assignments
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Colorado entered an
order approving various motions of American Eagle Energy
Corporation and its first tier subsidiary AMZG, Inc., including the
establishment of Bidding and Sale Procedures for substantially all
of the Company's assets -- excluding its cash and accounts
receivable. In that context, Resource Energy Can-Am LLC, as
purchaser, and the Company executed an Asset Purchase Agreement
dated as of October 21, 2015.

Pursuant to the terms and conditions of the Purchase Agreement, at
the "Closing" of the transactions contemplated thereby, the
Purchaser is to pay to the Company the "Base Purchase Price" of
$36,750,000 for substantially all of the Company's assets --
primarily the Company's hydrocarbon leases and related operating
assets.

The Base Purchase Price is subject to certain adjustments in
accordance with the terms and conditions of the Purchase Agreement,
which potential adjustments are relatively usual and customary for
transactions of this type. The Closing is subject to various usual
and customary closing conditions and, pursuant to the Purchase
Agreement, is required to occur not later than November 30, 2015.

Pursuant to the terms and conditions of the Purchase Agreement, the
Purchaser timely tendered the required "Performance Deposit" into
an escrow account on October 22, 2015. The amount of the
Performance Deposit was $3,675,000, which represented 10% of the
Base Purchase Price. The Performance Deposit was required under the
Purchase Agreement to assure the Purchaser's performance
thereunder, subject to the terms and conditions thereof. The
distribution of the Performance Deposit is governed by the
provisions of the Purchase Agreement.

Upon Closing, the Purchaser and the Company are to execute and
deliver to the Escrow Agent a joint written instruction instructing
the Escrow Agent to release the Performance Deposit to us and the
Performance Deposit is to be credited against the Purchase Price.
If the Closing does not occur, depending on the reason therefor,
the Performance Deposit may be returned to the Purchaser or may be
released to the Company.

On October 22, 2015, the Bankruptcy Court held a hearing at which
(i) substantially all of the previously filed objections by the
creditors and other parties-in-interest were voluntarily withdrawn
or overruled, (ii) the effectiveness of the current cash collateral
order was continued to November 6, 2015, and (iii) a hearing was
set for November 6, 2015, for the Bankruptcy Court to consider the
assignment of certain executory contracts to Purchaser in
accordance with the Purchase Agreement.

                       About American Eagle

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

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

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

American Eagle Energy disclosed total assets of $21,980,687 and
total liabilities of $193,604,113 as of the Chapter 11 filing.

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


AMERICAN POWER: Arrow Reports 44.7% Stake as of Oct. 15
-------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Arrow, LLC disclosed that as of Oct. 15, 2015, it
beneficially owned 23,608,023 shares of common stock of
American Power Group Corporation, representing 44.7 percent of the
shares outstanding.

On Oct. 21, 2015, the Board of Directors of the Company held a
special meeting of stockholders at which the Board of Directors
recommended that the stockholders amend the Certificate of
Designation of Preferences, Rights and Limitations of 10%
Convertible Preferred Stock to modify the anti-dilution provisions
of the 10% Convertible Preferred Stock to exclude certain issuances
of securities from triggering anti-dilution adjustments to the
conversion ratio of the 10% Preferred Stock.

At the Special Meeting, the shareholders voted to, among other
things, (i) approve an amendment to the Certificate of Designation
of Preferences, Rights and Limitations of 10% Convertible Preferred
Stock to modify the anti-dilution provisions of the 10% Convertible
Preferred Stock to exclude certain issuances of securities from
triggering anti-dilution adjustments to the conversion ratio of the
10% Convertible Preferred Stock, and (ii) approve an amendment to
the Restated Certificate of Incorporation to increase the number of
authorized shares of Common Stock from 150,000,000 to 200,000,000.

Immediately following shareholder approval of the Certificate of
Designation of Preferences, Rights and Limitations of 10%
Convertible Preferred Stock, the Company filed a Certificate of
Designation of Preferences, Rights and Limitations of Series C
Convertible Preferred Stock with the Secretary of State of
Delaware, establishing a new series of Convertible Preferred Stock
to be known as Series C Convertible Preferred Stock.  Upon the
effectiveness of the filing of the Series C Certificate with the
Secretary of State of Delaware, (i) the outstanding subordinated
contingent convertible promissory notes the Company issued in June
2015, in an aggregate principal amount of $2,475,000, together with
all accrued but unpaid interest thereon, were immediately and
automatically converted into shares of Series C Preferred Stock,
par value $1.00 per share, at a conversion price of $10,000 per
share, which resulted in the conversion of the $1,500,000 Note
previously issued by the Company to Arrow and accrued interest into
155.795 shares of Series C Preferred Stock having a stated value of
$10,000 per share; (ii) the Company immediately issued to each
person who owned a Note immediately prior to the conversion the
warrant to purchase shares of the Company's Common Stock, par value
$.01 per share, into which such holder's shares of Series C
Preferred Stock are initially convertible at an initial exercise
price of $.20 per share; (iii) the holders of the 67% of the 10%
Preferred Stock waived anti-dilution adjustments with respect to
any future issuances of securities by the Company; and (iv) no
anti-dilution adjustment to the conversion ratio of the 10%
Preferred Stock was triggered by the issuance of the Series C
Preferred Stock, the Warrants or the shares of Common Stock that
may be issued upon the conversion or exercise of such securities.
The Warrants will be exercisable for a period of five years from
the date of issue and may be exercised on a cashless basis.

In connection with the conversion, Arrow, LLC received 155.795
shares of Series C Convertible Preferred Stock, convertible into an
aggregate of 7,789,726 shares of Company Common Stock at a strike
price of $.20 per share.  In addition, upon filing of the
Certificate of Designations with the Delaware Secretary of State,
Arrow also received a warrant to acquire 7,789,726 shares of common
stock.

In addition, on Oct. 15, 2015, Arrow, LLC received dividends on its
Series A Preferred and Series B Preferred in the amount of $50,000
and $5,102, respectively, which was converted into an aggregate of
185,716 shares of Company common stock at a conversion price of
$0.2967 per share.

A copy of the regulatory filing is available for free at:

                     http://is.gd/uyZutF

                  About American Power Group

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

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

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


ANTHONY PEZZO: Appeal from Order Extending Stay Denied
------------------------------------------------------
Judge Nelson S. Roman of the United States District Court for the
Southern District of New York denied Appellant V.D.D.K., LLC's
motion for leave to appeal and appeal from an order of the United
States Bankruptcy Court for the Southern District of New York on
September 30, 2014, extending the automatic stay of Anthony J.
Pezzo's Chapter 11 case pursuant to 11 U.S.C. Section 362(c)(3)(B).


The case is In re ANTHONY J. PEZZO, Chapter 11, Debtor. V.D.D.K.,
LLC, Appellant, v. ANTHONY J. PEZZO, Appellee, BANKRUPTCY COURT
CASE NO. 14-36851(CGM), NO. 15-CV-162 (NSR).

A full-text copy of the Opinion and Order dated October 7, 2015 is
available at http://is.gd/HgPgkyfrom Leagle.com.

Anthony J. Pezzo, represented by Andrea B. Malin, Esq. -- Genova &
Malin.

V.D.D.K. LLC, Appellant, represented by Ronald Vincent De Caprio,
Esq. -- Ronald De Caprio, Attorney At Law.


APPLIED MINERALS: Enters Into 5-Year Supply Contract for AMIRON
---------------------------------------------------------------
Applied Minerals, Inc., announced that it has entered into a
5-year exclusive take or pay sales contract for its AMIRON
Technical Grade Iron Oxide to a leading global industrial customer
for use in a catalyst technology.

Applied Minerals has agreed to supply the Customer its Amiron
Technical Grade Iron Oxides on an exclusive basis for a period of
five years.  The exclusivity provision is limited to the
specialized catalyst application of the Customer and enables
Applied Minerals to sell its iron oxide products for use in other
technical applications that are not competitive with the Customer's
intended field of use.

An initial purchase order of $5 million of Amiron products has been
received and is to be delivered over the course of 18 months with
deliveries commencing on Dec. 1, 2015.  After fulfillment of the
initial purchase order, the Company anticipates the receipt of
additional purchase orders from the Customer over the remainder of
the 5-year exclusivity period at terms that have been agreed to by
the parties.

Upon expiration of the initial 5 year term, the Customer has an
option to extend the exclusive supply agreement for an additional 5
years by issuing an $8.0 million additional purchase order to be
delivered over the course of the subsequent 24 months.  If the
customer elects to exercise the extension option, the Company
anticipates, after the fulfillment of the additional purchase
order, the receipt of additional purchase orders over the remainder
of the subsequent 5-year exclusivity period at terms that have been
agreed to by the parties.

According to Andre Zeitoun, president & CEO of Applied Minerals,
"This contract win is a significant milestone for Applied Minerals
and its stakeholders and is a testament to the hard work,
perseverance and innovation of our team in pursuit of our
disruptive product development mission.  We are very pleased to
have established a baseline business of this magnitude in a value
added end market application that had to be newly developed with
our unique iron oxides."

The Company looks forward to providing additional Company updates
in the near future.

                     About Applied Minerals

New York City-based Applied Minerals, Inc. (OTC BB: AMNL) is a
leading global producer of halloysite clay used in the development
of advanced polymer, catalytic, environmental remediation, and
controlled release applications.  The Company operates the Dragon
Mine located in Juab County, Utah, the only commercial source of
halloysite clay in the western hemisphere.  Halloysite is an
aluminosilicate clay that forms naturally occurring nanotubes.

Applied Minerals reported a net loss of $10.3 million in 2014, a
net loss of $13.06 million in 2013 and a net loss of $9.73 million
in 2012.  As of Dec. 31, 2014, the Company had $18.5 million in
total assets, $26 million in total liabilities, and a $7.51 million
total stockholders' deficit.


ARCHDIOCESE OF MILWAUKEE: To Seek Plan Confirmation Nov. 9
----------------------------------------------------------
The Roman Catholic Archdiocese of Milwaukee will ask the U.S.
Bankruptcy Court for the Eastern District of Wisconsin on Nov. 9,
2015, at 9:00 a.m. (Central Time), to confirm its Chapter 11 plan
of reorganization.

The Plan was made possible by a $21 million settlement with about
350 victims of clergy sex abuse.

The Debtor on Sept. 25, 2015, filed a Fourth Amended Disclosure
Statement for the Second Amended Chapter 11 Plan of Reorganization.
The Fourth Amended Disclosure Statement updates the Third Amended
Disclosure Statement filed on Aug. 24, 2015, which updated the
Disclosure Statement approved by the Court on May 28, 2014.

Judge Susan V. Kelley on Oct. 5, 2015, approved the Fourth Amended
Disclosure Statement and scheduled a Nov. 9 hearing to consider
confirmation of the Second Amended Plan.  The judge set a Nov. 3
deadline for ballots and objections.  The Debtor is to file a
ballot report by Nov. 6.

Holders of claims against the Debtor that are impaired by the Plan
and that will receive a distribution on account of the claims are
entitled to vote on the Plan.  Solicitation packages were sent to
holders of claims in Classes 1, 8, 9, 11, and 12.

                        Treatment of Claims

The Debtor's Plan will be funded by a $10.71 million settlement
with insurers, and a settlement with the Archdiocese of Milwaukee
Catholic Cemetery Perpetual Care Trust, which has agreed to provide
an $8 million contribution to the "plan trust" established under
the Plan, and a $3 million loan by the Cemetery Trust.

The Debtor says that without the insurance settlements, the Abuse
Survivor recovery would be reduced by more than 50%, and the
Archdiocese would likely be able to pay only the administrative
expense claims.

The Plan Trust assets will consist of $21,250,000 in cash, one-half
of the estimated $569,000 the Archdiocese expects to receive by
filing a claim with the United Kingdom's Financial Services
Compensation Scheme (but only to the extent of 50% of any
recoveries actually received), and the right to pursue recoveries
against any non-settling insurers (the "Plan Trust Assets").

According to the Fourth Amended Disclosure Statement, the Plan
provides that:

   -- Holders of administrative claims estimated at $8 million will
be paid in full in cash on the Effective Date.

   -- Park Bank's secured claim of $4.39 million (Class 1) will
have its loan documents restructured to provide for a three-year
term, interest at 5.25 percent per annum, no prepayment penalty and
monthly payments of $59,000 per month.

   -- Priority claims (Class 2), if any, will be paid in cash on
the Effective Date.

   -- The holders of the priests' retiree medical plan claims
estimated at $19.9 million (Class 3), the priests' pension plan
claims (Class 4), the union employees' pension plan claims (Class
5) and the lay employees' pension plan claims (Class 6) are
unimpaired.  The Archdiocese will assume its participation in the
medical plan and pension plans.

   -- As to perpetual care claims estimated at $246,000 (Class 7),
the Reorganized Debtor will be discharged from all contractual and
other civil liability to provide perpetual care and maintenance of
the Milwaukee Catholic Cemeteries, although the Reorganized Debtor
intends to continue to maintain the Milwaukee Catholic Cemeteries
because canon law requires it to continue caring for the
Cemeteries.

   -- The 352 holders of abuse survivor plan pool claims (Class 8)
will receive (i) the right to request therapy payment assistance
from a $500,000 therapy fund, (ii) a claim against the Plan Trust
for distribution in accordance with the allocation protocols, and
(iii) payment of counsel fees and expenses from individual
recoveries.  Class 8 claims are those claims that meet these
criteria: (1) the Claimant did not release the Archdiocese from
liability associated with the Abuse; and (2) the claim alleges
sexual abuse of a minor by either (a) a priest on the List of
substantiated abusers or (b) a member of a religious order or lay
person working at a catholic entity.

   -- The 105 holders of unsubstantiated sexual abuse claims
receiving a distribution at the creditors' committee's request
(Class 9) will each receive $2,000 from the Plan Trust in full
satisfaction of his/her claim.  

   -- The 123 holders of disallowed/disputed sexual abuse claims
(Class 10) will be entitled to receive therapy payment assistance
from the $500,000 therapy fund.

   -- With respect to the future claimant representative claims,
for abuse survivor proofs of claim or complaints filed in the next
six years (Class 11), the claimants will be paid from the $250,000
reserve, and may receive therapy assistance.

   -- Holders of general unsecured claims (Class 12), scheduled at
$3.85 million, will each receive the lesser of (i) the amount of
their allowed claim or (ii) $5,000 if the class votes to accept the
Plan.  If the class rejects the Plan, the claimants won't receive
anything.

   -- Charitable gift annuity claims (Class 13) are unimpaired.

   -- Holders of penalty claims (Class 14) won't receive or retain
any property under the Plan.

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

     http://bankrupt.com/misc/ArchD_Milw_3277_4th_Am_DS.pdf

              About the Archdiocese of Milwaukee

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

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

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

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

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

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



ARCHDIOCESE OF ST. PAUL: Minnesota Historical to Buy Hayden Center
------------------------------------------------------------------
Nicole Norfleet at Star Tribune reports that The Minnesota
Historical Society will purchase Archdiocese of St. Paul and
Minneapolis' 60,000-square-foot Monsignor Ambrose Hayden Center for
$4.5 million to help address parking and space issues at the nearby
Minnesota History Center.

Citing The Historical Society spokesperson  Jessica Kohen, Star
Tribune relates that the buyer hopes to close on the deal early in
2016.  The Archdiocese plans to lease back the building for one
year as part of the purchase agreement, the report adds.

According to Star Tribune, The Historical Society will use the
Hayden Center for offices, meetings, and storage and will use the
building's 129-space parking lot as an option for guests visiting
the History Center and nearby James J. Hill House.

The Archdiocese of Saint Paul and Minneapolis was originally
established by the Vatican in 1850 and serves a geographical area
consisting of 12 greater Twin Cities metro-area counties in
Minnesota, including Ramsey, Hennepin, Anoka, Carver, Chisago,
Dakota, Goodhue, Le Sueur, Rice, Scott, Washington, and Wright
counties.  There are 187 parishes and approximately 825,000
Catholic individuals in the region.  These individuals and
parishes are served by 3999 priests and 173 deacons.

The Archdiocese of St. Paul and Minneapolis filed for Chapter 11
protection (Bankr. D. Minn. Case No. 15-30125) in Minnesota on Jan.
16, 2015, saying it has large and growing liabilities related to
child sexual abuse and that its pension obligations are
underfunded.

The Debtor disclosed $45,203,010 in assets and $15,890,460 in
liabilities as of the Chapter 11 filing.

The Debtor has tapped Briggs and Morgan, P.A., as Chapter 11
counsel; BGA Management LLC d/b/a Alliance Management as financial
advisor; Lindquist & Vennum LLP as attorney.

Eleven other dioceses have commenced Chapter 11 bankruptcy cases in
the United States to settle claims from current and former
parishioners who say they were sexually molested by priests.

U.S. Trustee for Region 12 appointed five creditors to serve on the
official committee of unsecured creditors.

The U.S. Trustee appointed five creditors to serve on the Committee
of Parish Creditors.  Ginny Dwyer appointed as the acting
chairperson of the committee until such time as the members can
meet and officially elect their own person.

                             *   *   *

The Debtor's exclusive period for filing a Chapter 11 plan and
disclosure statement ends on Nov. 30, 2015.


ARLENE A. SMITH-SCOTT: Order Converting Case to Ch. 7 Affirmed
--------------------------------------------------------------
Judge Richard D. Bennett of the United States District Court for
the District of Maryland denied Patapsco Bank's motion to dismiss
appeal for non-compliance with procedural rules and affirmed the
Amended Order of Bankruptcy Judge James F. Schneider converting
Arlene A. Smith-Scott's case from a Chapter 11 proceeding to a
Chapter 7 proceeding.

The case is ARLENE A. SMITH-SCOTT, Appellant, v. PATAPSCO BANK,
Appellee, CIVIL ACTION NO. RDB-15-1013, BANKRUPTCY NO. 14-25022 (D.
Md.).

A full-text copy of the Memorandum Opinion dated October 8, 2015 is
available at http://is.gd/6ncE6Sfrom Leagle.com.

Arlene A. Smith-Scott, Appellant, represented by Arlene Adasa Smith
Scott, Esq. -- Strategic Law Group LLC.

Patapsco Bank, Appellee, represented by Craig Burton Leavers, Esq.
-- CraigL@hbllaw.com -- Hofmeister Breza and Leavers.

George W. Liebmann, Trustee, represented by George W Liebmann, Esq.
-- gliebmann@lspa.comcastbiz.net -- Liebmann and Shively, P.A.


ATLANTIC & PACIFIC: Bogopa Offers $600K for Brentwood Assets
------------------------------------------------------------
Bogopa Service Corp. has made a $600,000 offer to acquire the
assets used in operating A&P Real Property LLC's New York store.

The assets include A&P's license agreement with New York Community
Bank and a lease on its store located at 101 Wicks Road, in
Brentwood, New York.  

As part of the sale, Bogopa agreed to negotiate with the labor
union representing affected store employees regarding their
collective bargaining agreement with A&P.

The deal is subject to approval by the U.S. Bankruptcy Court for
the Southern District of New York, which oversees A&P's bankruptcy
case.

The transaction drew opposition from Aurora Grocery Group LLC,
which has expressed interest to buy the assets.  The Delaware-based
company said it will make an $800,000 offer for the assets.

                     About Atlantic & Pacific

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

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

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

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

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

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

Elise S. Frejka was appointed as consumer privacy ombudsman.


ATLANTIC & PACIFIC: Landlords Oppose Store Closing Sales
--------------------------------------------------------
A group of landlords has expressed its opposition to Great Atlantic
& Pacific Tea Company Inc.'s plan to conduct closing sales at
stores run by the company.

The landlords, which are represented by Katten Muchin Rosenman LLP,
said they oppose any sale guidelines that "inappropriately"
compromise their rights under their leases with the company.

Great Atlantic and its affiliates lease retail space from the
landlords at various shopping centers located in New York, New
Jersey and Pennsylvania.  The landlords include Brixmor Properties
Group Inc. and DLC Management Corp.

Early last month, Great Atlantic announced that it may conduct
closing sales at 120 stores in connection with the assumption and
assignment or rejection of its leases.  

The announcement drew objections from Arlona Limited Partner, Levin
Properties LP and Rainbow USA Inc., a subtenant of Great Atlantic,
court filings show.

                     About Atlantic & Pacific

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

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

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

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

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

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

Elise S. Frejka was appointed as consumer privacy ombudsman.


ATLANTIC & PACIFIC: Nicholas Markets Buying Wash. Township Assets
-----------------------------------------------------------------
Great Atlantic & Pacific Tea Company Inc. has entered into an
agreement with Nicholas Markets Inc., which offered to buy the
assets used in operating its New Jersey store.

Nicholas Markets offered $400,000 for the assets, including a lease
on Great Atlantic's store located along Pascack Road, Washington
Township, in New Jersey.

Great Atlantic runs the store under the A&P name, according to
court filings.

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

                     About Atlantic & Pacific

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

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

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

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

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

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

Elise S. Frejka was appointed as consumer privacy ombudsman.


ATLANTIC & PACIFIC: Seeks Approval to Sell Lease to Dave-Marion
---------------------------------------------------------------
Great Atlantic & Pacific Tea Company Inc. asked U.S. Bankruptcy
Judge Robert Drain to approve a deal that would allow an affiliate
to transfer its right, title and interest under a lease to
Dave-Marion Corp.

Under the deal, Dave-Marion agreed to pay $3.685 million in
exchange for the transfer of A&P Real Property LLC's right, title
and interest as tenant under the lease.  

The lease, which is set to expire on July 31, 2020, will be
terminated, according to the terms of the deal.

Dave-Marion's $3.685 million offer was selected as the winning bid
for the lease on an A&P store during a court-supervised auction
held on Oct. 8.  The store is located at 460 County Line Road,
Route 520, in Marlboro, New Jersey.

                     About Atlantic & Pacific

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

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

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

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

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

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

Elise S. Frejka was appointed as consumer privacy ombudsman.


ATLANTIC & PACIFIC: Selling Pharmaceutical Assets to CVS, Rite Aid
------------------------------------------------------------------
The Great Atlantic Pacific & Tea Company, Inc. and its affiliated
debtors ask the U.S. Bankruptcy Court to approve the sale of
certain pharmaceutical assets to CVS Pharmacy, L.L.C., et. al.
("CVS") and Eckerd Corporation, et. al. ("Rite Aid").

The Debtors contend that they have negotiated with CVS at arm's
length the CVS Purchase Agreement for the sale of the
pharmaceutical assets at 58 store locations.  The salient terms of
the CVS Purchase Agreement, among others, are as follows:

     (a) Purchase Price: CVS will purchase pharmacy records in the
Debtors' possession for an aggregate amount equal to $25,000,000.
CVS will purchase the eligible inventory for a maximum of
$9,963,698.

     (b) Purchase Price Adjustment: In the event that the six week
average prescription volume at any store, measured two days before
the applicable Closing, is more than 10% below the Current Volume,
the CVS Purchase Price shall be proportionally reduced by the
amount that percentage exceeds 10%.

     (c) Closing: The closings of each transaction shall take place
in accordance with the dates provided for under the Purchase
Agreement, ranging from October 29, 2015 through November 17, 2015.
The final Closing shall take place no later than November 21, 2015,
after which date either party may terminate the transactions under
the Purchase Agreement.

     (d) Series of Related Transactions: CVS is not purchasing the
Pharmaceutical Assets on an individual basis and will not be
obligated to close on any sale of the Pharmaceutical Assets at any
of the pharmacy locations unless the Bankruptcy Court approves the
sale of all of the Pharmaceutical Assets at all locations.

     (e) Excluded Assets: CVS is not acquiring any assets not
included in the Pharmaceutical Assets, including the following: (i)
cash, cash deposits and accounts receivable related to periods
ending prior to the applicable Closing Date; (ii) store and trade
fixtures, furniture and equipment; (iii) licenses, permits,
contracts and understandings of Seller related to the Pharmacies;
(iv) employee benefit plans, programs or arrangements and all
contracts of insurance; (v) computer software programs and software
systems and any web sites; (vi) any corporate minute books and the
corporate seals of Seller; (vii) books and records related to taxes
paid or payable by Seller; (viii) all trademarks and trade names
used in the operation of the Pharmacies, including all rights in
and to any name or trademarks of the Great Atlantic & Pacific Tea
Co., Inc., and its subsidiaries and affiliates and all derivatives
thereof; and (ix) Pharmacy computers and attached printers.

The Debtors further contend that they have likewise negotiated, at
arm's length, the Rite Aid Purchase Agreement for the sale of the
Pharmaceutical Assets located at 16 store locations.  The salient
terms of the purchase agreement are as follows:

     (a) Purchase Price: Rite Aid will purchase the Pharmacy
Records in the Debtors’ possession for an aggregate amount equal
to $6,386,500.  Rite Aid will purchase the Eligible Inventory for a
maximum of $ 2,795,450.

     (b) Purchase Price Adjustment: In the event that the six week
average prescription volume at any store, measured two days before
the applicable Closing, is more than 10% below the Current Volume,
the Rite Aid Purchase Price shall be proportionally reduced by the
amount that percentage exceeds 10%, as set forth in the Rite Aid
Purchase Agreement.

     (c) Closing: The closings of each transaction shall take place
in accordance with the dates provided for under the Purchase
Agreement, ranging from Nov. 2, 2015 through Nov. 12, 2015.  The
final Closing will take place no later than Nov. 30, 2015, after
which date either party may terminate the transactions under the
Purchase Agreement.

     (d) Series of Related Transactions: Rite Aid is not purchasing
the Pharmaceutical Assets on an individual basis and will not be
obligated to close on any sale of the Pharmaceutical Assets at any
of the pharmacy locations unless the Bankruptcy Court approves the
sale of all of the Pharmaceutical Assets at all locations.

     (e) Excluded Assets: Rite Aid is not acquiring any assets not
included in the Pharmaceutical Assets, including the following: (i)
cash, cash deposits and accounts receivable related to periods
ending prior to the Closing Date; (ii)store and trade fixtures,
furniture and equipment; (iii) licenses, permits, contracts and
understandings of Seller related to the Pharmacies; (iv) employee
benefit plans, programs or arrangements and all contracts of
insurance; (v) computer software programs and software systems and
any web sites; (vi) any corporate minute books and the corporate
seals of Seller; (vii) books and records related to taxes paid or
payable by Seller; (viii) all trademarks and trade names used in
the operation of the Pharmacies, including all rights in and to any
name or trademarks of the Great Atlantic & Pacific Tea Co., Inc.
and its subsidiaries and affiliates and all derivatives thereof;
(ix) Pharmacy computers and attached printers; and (x) any assets
that are not transferable to Buyer under applicable law.

The Debtors relate that the Pharmaceutical Assets were marketed
through an auction process that evidenced the Purchasers’ offer
was the highest or best available for the respective assets. They
further relate that consummating the transactions under the
Purchase Agreements will provide the Debtors with needed liquidity
and increase recovery to their creditors.

Atlantic & Pacific is represented by:

          Ray C. Schrock, Esq.
          Garrett A. Fail, Esq.
          WEIL, GOTSHAL & MANGES LLP
          767 Fifth Avenue
          New York, NY 10153
          Telephone: (212)310-8000
          Facsimile: (212)310-8007
          E-mail: ray.schrock@weil.com
                  garrett.fail@weil.com

                     About Atlantic & Pacific

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

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

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

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

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

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

Elise S. Frejka was appointed as consumer privacy ombudsman.



ATLANTIC & PACIFIC: To Sell Richmond Store Lease to Fox Hill
------------------------------------------------------------
A&P Real Property LLC, an affiliate of Great Atlantic & Pacific Tea
Company Inc., has entered into a deal that would allow the company
to transfer its right, title and interest under a lease to Fox Hill
II Inc.

Under the deal, A&P will receive $822,258 from the buyer in
exchange for the transfer of its right, title and interest as
tenant under the lease.  The lease, which is set to expire on Sept.
30, 2021, will be terminated.

A&P leases a real property from Fox Hill located along Richmond
Avenue, in Staten Island, where it operates a store under the
Pathmark name.  

The agreement is subject to approval by the U.S. Bankruptcy Court
for the Southern District of New York, which oversees the company's
bankruptcy case.

New York Community Bank, which operates a branch at the Pathmark
store, opposed the deal.  The bank expressed concern it would be
forced to immediately close its branch in violation of federal and
state law.

                     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.


BAYOU SHORES: Judge Says Nursing Home Stays Open During CMS Fight
-----------------------------------------------------------------
John Kennedy at Bankruptcy Law360 reported that a Florida federal
court has extended its stay of a judgment that would end the
Centers for Medicare & Medicaid Services' provider agreement with a
bankrupt Florida nursing home, finding that the status quo must be
maintained during the home's Eleventh Circuit appeal to avoid
irreparable harm to the home and its patients.

Although the court believes its order will be affirmed by the
Eleventh Circuit, it said Monday that a number of patients at Bayou
Shores will have nowhere to go.

                         About Bayou Shores

Bayou Shores SNF LLC, c/o Rehabilitation Center of St. Petersburg,
filed for Chapter 11 bankruptcy (Bankr. M.D. Fla. Case No.
14-09521) on Aug. 15, 2014, in Tampa.  Elizabeth A Green, Esq., at
Baker & Hostetler LLP, serves as the Debtor's counsel.  In its
petition, the Debtor estimated assets and liabilities of
$1 million to $10 million.  The petition was signed by Tzvi
Bogomilsky, managing member.

The Troubled Company Reporter, on Jan. 13, 2015, reported that the
Rehabilitation Center of St. Petersburg nursing home has emerged
from bankruptcy -- despite protests from Medicare officials --
after a bankruptcy judge agreed it fixed record-keeping and patient
care problems.



BERLIN PACKAGING: Moody’s Affirms 'B3' Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service affirmed Berlin Packaging LLC's B3
corporate family rating and B3-PD probability of default rating
following the company's announcement that it would add on $100
million to the first lien term loan. The proceeds of the add-on
term loan will be used to fund the acquisition of Diablo Packaging
LLC, a specialty distributor of glass packaging. The transaction is
expected to close in November 2015 and marks the third acquisition
by Berlin's private equity sponsor, Oak Hill Capital Partners,
since acquiring Berlin in October 2014. Instrument ratings are
detailed below and the rating outlook is stable.

Moody's took the following actions:

Berlin Packaging LLC

-- Affirmed corporate family rating, B3

-- Affirmed probability of default rating, B3-PD

-- Assigned definitive $645 million (includes $100 million add-on

    term loan) senior secured 1st lien term due 2021, B2 (LGD3)

-- Assigned definitive $75 million senior secured revolving
    credit facility due 2019, B2 (LGD3)

-- Assigned definitive $220 million senior secured 2nd lien term
    loan due 2022, Caa2 (LGD5)

The rating outlook is stable.

The ratings are subject to the receipt and review of the final
documentation.

RATING RATIONALE

The affirmation of the B3 CFR despite the increase in pro forma
leverage reflects the anticipated benefits from acquisitions, the
elimination of various onetime charges and productivity
initiatives. The affirmation also reflects the company's continued
good free cash generation and good liquidity. Credit metrics are
expected to improve over the next 12 to 18 months, but remain
within the rating category.

The B3 Corporate Family Rating reflects Berlin's high leverage,
small size and fragmented market. The rating is constrained by
Berlin's largely commoditized product line and substantial portion
of business not under contract. While some business is under
contract, contracts are cancelable and do not include a
formula-based pass-through of raw material cost increases but allow
for pass-through of price increases from suppliers with sufficient
notice. The rating also reflects the company's acquisition strategy
and financial aggressiveness.

Strengths in Berlin's profile include its good competitive position
(despite its small size) and exposure to more stable end markets,
such as food and beverage and pharmaceuticals. As a distributor and
service provider, Berlin does not require high capital expenditures
or working capital investments and has the ability to generate
meaningful free cash flow in the absence of high leverage. The
rating also reflects expectations of continued growth in the
business.

The rating could be upgraded if Berlin improves its leverage
sustainably to below 6.0 times, increases free cash flow/debt to
high single digits, maintains stability in the operating metrics
and strong liquidity.

The rating could be downgraded if Berlin fails to improve credit
metrics or if leverage increases due to a significant debt-financed
acquisition. Specifically, the rating could be downgraded if the
company fails to reduce debt/EBITDA below 7.0 times and free cash
flow to debt falls below 3%. The rating could also be downgraded as
a result of any deterioration in operating and competitive
environment and liquidity.

Based in Chicago, Illinois, Berlin Packaging LLC is a distributor
of rigid packaging for food and beverage, household and personal
care and healthcare markets. Berlin also provides various services
to the industry including design, consulting, warehousing, and
financing services. For the twelve months ended June 30, 2015,
sales totaled approximately $800 million. Berlin has been a
portfolio company of Oak Hill Capital Partners since 2014.


BERNARD L. MADOFF: Legacy Capital Wants $213M Suit Slashed
----------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that Legacy Capital
Ltd. and one of the banking services firm's advisers urged a New
York bankruptcy judge on Oct. 28, 2015, to slash a trustee's
lawsuit looking to claw back more than $213 million it received
from Bernard Madoff’s bogus securities firm, arguing that at the
time they were unaware of the massive Ponzi scheme.

Attorneys for Legacy and Khronos LLC, which provided account
management services to the firm, told U.S. Bankruptcy Judge Stuart
Bernstein that though their clients were aware of some trading
irregularities at Madoff's business.

                    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.


BIOSENTA INC: To Borrow C$550K, Plans to File Bankruptcy Proposal
-----------------------------------------------------------------
Biosenta Inc. on Nov. 2 disclosed that it plans to borrower between
approximately $250,000 and $300,000 from 1943391 Ontario Ltd., a
corporation controlled by Paul Kalata.  As of October 30, 2015,
$80,000 has been advanced to the Corporation, with the remainder of
the loan expected to be advanced by November 16, 2015.  The
Corporation issued a grid note to the Lender for the amounts to be
borrowed.  The Note is secured by all of the assets of the
Corporation.  The Lender is at arm's length to the Corporation.

The borrowed proceeds are expected to be used for general corporate
purposes, including to fund the operations of the Corporation while
it submits a Proposal under the Bankruptcy and Insolvency Act to
its creditors.

The Corporation also recently relocated its head office to premises
leased by a person related to the Lender. Discussions with its
former landlord are under way.

                     About the Corporation

The Corporation develops and manufactures a range of chemical
compounds for household and industrial applications using advanced
nanotechnology.

The household disinfectants and cleaners possess similar levels of
efficacy as traditional disinfectants with significantly lower
concentrations of active ingredients resulting in lower toxicity.
These disinfectants and cleaners will kill 100% of potentially
deadly mold, fungi, bacteria and viruses on contact and prevent
re-growth.  These disinfectants are very safe due to the very low
toxicity.

The industrial compounds are embedded to protect various materials,
including drywall, plastics and resins, from microbe formation.
These compounds remain active for decades and protect the drywall
of buildings, objects such as resin furniture, and carpet which
contain plastic or resin, as well as textiles and paper from mold,
fungi, bacteria and viruses.

Both the household and industrial products are environmentally safe
and biodegradable.



BUCKSPORT GENERATION: 60-Day Extension to File Schedules Sought
---------------------------------------------------------------
Bucksport Generation LLC asks the Bankruptcy Court to extend its
deadline to file its schedules of assets and liabilities and
statement of financial affairs by 60 days from the Petition Date.
The Debtor believes that the extension is warranted due to the
unique circumstances of its case.

On or about Jan. 29, 2015, the Debtor's parent company, AIM
Development (USA) LLC acquired all of the membership interests in
and to the Debtor and its affiliate, Bucksport Mill LLC pursuant to
a Membership Interest Purchase Agreement dated Dec. 5, 2014.  At
the time of closing, all of the Debtor's pre-transaction officers
and directors resigned their positions and were replaced with new
officers and directors resulting in entirely new management.

Also on Jan. 29, 2015, AIM entered into certain asset management
and operating and maintenance agreements with Consolidated Asset
Management Services (Texas), LLC and Consolidated Asset Management
Services (Maine), LLC pursuant to which the CAMS Entities agreed to
perform all management, administrative, compliance and other
support services necessary to operate the Energy Plant including,
but not limited to, maintaining bank accounts, negotiating with
vendors and other contract counterparties on the Debtor's behalf
and obtaining necessary licenses, approvals and permits.  Moreover,
the CAMS Entities were responsible for staffing and operating the
Energy Plant.

In an effort to cut costs and increase the Energy Plant's
profitability, the Debtor, Bucksport Mill and AIM decided to
streamline the Energy Plant's operations by, inter alia,
eliminating the CAMS Entities as middle men.  To that end, on Sept.
24, 2015, AIM assigned its rights, obligations and liabilities
under the CAMS Agreements to the Debtor and those agreements were
amended such that CAMS Maine's services expired on or about Oct.
15, 2015, and CAMS Texas,s role has been drastically scaled back to
an advisory capacity as of Nov. 1, 2015.

"While virtually all aspects of the Energy Plant's operations and
management have been successfully transitioned to the Debtor, the
Debtor expects that it will need to confer with either or both of
the CAMS Entities to accurately and fully disclose all of the
information required on the Schedules," according to Robert K.
Keach, Esq., at Bernstein , Shur, Sawyer & Nelson, P.A., counsel
for the Debtor.

Mr. Keach relates the Debtor expects to encounter some difficulties
in completing portions of the schedules which require historical
knowledge of the Debtor's operations, assets, liabilities and
financial condition pre-dating the Jan. 29, 2015, Stock Purchase
Transaction.

"In order to accurately and thoroughly complete the Schedules, the
Debtor will be required to seek information from prior officers,
directors, employees and agents of the Debtor, as well as prior
counsel to the Debtor," Mr. Keach tells the Court.  

According to Mr. Keach, the Debtor did not begin these inquiries
pre-petition out of concern that a premature disclosure of its
intention to seek chapter 11 protection might limit the Debtor's
strategic options and the effectiveness of its chapter 11 filing.

                     About Bucksport Generation

Bucksport Generation LLC, an energy plant operator, filed Chapter
11 bankruptcy petition (Bankr. D. Maine Case No. 15-10802) on
Nov. 3, 2015.  The petition was signed by Kyle E. Nenninger as
project manager.  The Debtor estimates both assets and liabilities
in the range of $10 million to $50 million.

The Debtor has engaged Bernstein, Shur, Sawyer & Nelson, P.A. as
counsel.

Judge Peter G Cary is assigned to the case.


BUCKSPORT GENERATION: Files for Chapter 11 Bankruptcy Protection
----------------------------------------------------------------
Power plant operator Bucksport Generation LLC, formerly known as
Verso Bucksport Power LLC, sought Chapter 11 bankruptcy protection
in Maine stating that "it continues to struggle with historical
liabilities which are impossible to satisfy as a result of the
reduced scope of the operations of its energy plant."

Prior to the Petition Date, the Plant provided power to a paper
mill located in Bucksport Maine owned by Verso Bucksport LLC.  With
the closure of the Mill, the need for the Energy Plant to
constantly provide steam and electricity to the Mill ended, Court
document indicates.  According to papers filed with the Court, the
work force necessary to operate both the Mill and the Plant has
shrunk to a pool of just 18 employees.

Kyle Nenninger of Energy Advisory Partners LLC, the Debtor's
financial advisor, disclosed that in connection with the Debtor's
operation of the Plant, it entered into a Global O&M Services
Business Long Term Service Contract dated as of Aug. 7, 1998, with
General Electric International, Inc., pursuant to which GE agreed
to provide long term parts and services relating to a 7FA 185 MW
gas turbine.

The Debtor alleges that GE breached the GE LTSA pre-petition by
failing to provide planned maintenance and combustion inspections
in accordance with applicable schedules established in the GE LTSA
and, further, by exceeding the recommended replacement interval for
parts and failing to repair and replace parts in accordance with
the terms of the GE LTSA.  The Debtor is asserting a pre-petition
claim against GE in the amount of at least $12,558,611.

GE, on the other hand, claims the Debtor is in breach of the GE
LTSA for failure to make payments due to GE under the GE LTSA.  GE
asserts a claim against the Debtor in the amount of $15,058,611.

The Debtor intends to commence an adversary proceeding seeking
damages for GE's alleged breach and repudiation of the GE LTSA.  To
the extent the Court finds that the GE LTSA is still in effect, the
Debtor intends to reject it.

Contemporaneously with the filing of the bankruptcy petition, the
Debtor sought first day relief that are necessary to operate in
Chapter 11 with a minimum disruption.  The Debtor, among other
things, wants to borrow up to $10 million in debtor-in-possession
financing, pay employee obligations, and use existing cash
management system.

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

        http://bankrupt.com/misc/3_BUCKSPORT_Affidavit.pdf

                    About Bucksport Generation

Bucksport Generation LLC filed Chapter 11 bankruptcy petition
(Bankr. D. Maine Case No. 15-10802) on Nov. 3, 2015.  The petition
was signed by Kyle E. Nenninger as project manager.  The Debtor
estimates both assets and liabilities in the range of $10 million
to $50 million.

The Debtor has engaged Bernstein, Shur, Sawyer & Nelson, P.A. as
counsel.

Judge Peter G Cary is assigned to the case.


BUCKSPORT GENERATION: Wants to Borrow $10 Million From AIM
----------------------------------------------------------
Bucksport Generation, LLC seeks permission from the Bankruptcy
Court to obtain postpetition financing from AIM Development (USA)
LLC in the maximum principal amount of $10,000,000 to fund the
Debtor's day-to-day operations, working capital needs and
restructuring costs.  The Debtor also seeks approval of the
consensual use of cash collateral in accordance with a budget.

"Without the DIP Loan, even with the use of Cash Collateral, the
Debtor would become unable to pay general operating expenses within
a short period, resulting in increased administrative liabilities
and a substantial diminution in the value of the Debtor's estate,"
says Robert J. Keach, Esq., at Bernstein , Shur, Sawyer & Nelson,
P.A., counsel for the Debtor.  

The DIP Loan will bear interest at the rate of one percent per
annum and be secured by the DIP Liens on the DIP Collateral.  The
DIP Collateral comprises substantially all the Debtor's assets,
including, inter alia: (i) cash and accounts; (ii) personal
property, fixtures and equipment; and (iii) the Debtor's interest
in any agreements pursuant to which the Debtor possesses, uses or
had authority to possesses or use, property of others, including,
but not limited to, the Debtor's rights under the Ground Lease
between Verso Bucksport LLC and Bucksport Generation LLC f/k/a
Verso Bucksport Power LLC, effective as of Jan. 29, 2015.

On or about Sept. 8, 2015, the Debtor and AIM entered into certain
loan agreements pursuant to which AIM provided to the Debtor a line
of credit of up to $10,000,000.  As of the Petition Date, the
Debtor's balance under the Prepetition LOC was $9,124,692.  The
Prepetition LOC Balance is secured by a blanket security interest
in substantially all of the Debtor's assets.  AIM is the only
creditor with a security interest in Cash Collateral and has
consented to the use of Cash Collateral in accordance with the
Budget.

As security for the repayment of the obligations arising under the
DIP Documents, the Debtor proposes  to grant to AIM first priority
security interests in and liens upon all of the Debtor's assets and
interests; provided, however, the DIP Liens will be subject to the
Carve-Out Expenses and to the lien of Bangor Gas Company -- a
contract counterparty -- to the extent such lien is valid,
enforceable and properly perfected.

                     About Bucksport Generation

Bucksport Generation LLC, an energy plant operator, filed Chapter
11 bankruptcy petition (Bankr. D. Maine Case No. 15-10802) on Nov.
3, 2015.  The petition was signed by Kyle E. Nenninger as project
manager.  The Debtor estimates both assets and liabilities in the
range of $10 million to $50 million.

The Debtor has engaged Bernstein, Shur, Sawyer & Nelson, P.A. as
counsel.

Judge Peter G Cary is assigned to the case.


CANCER GENETICS: Updated Third Quarter Preliminary Results
----------------------------------------------------------
While full financial information is not available for the three and
nine months ended Sept. 30, 2015, Cancer Genetics, Inc. provided
the following unaudited preliminary information for the three and
nine months ended Sept. 30, 2015, as an update.

"We are currently finalizing our financial results for the three
months ended September 30, 2015.  While complete financial
information and operating data as of and for such period are not
available, based on the information and data currently available,
our management preliminarily estimates that for the three months
ended September 30, 2015 our revenue was $4.0 million, compared to
revenue of $4.2 million for the three months ended June 30, 2015
and $3.2 million for the three months ended September 30, 2014.  In
addition, our management preliminarily estimates that for the three
months ended September 30, 2015 our operating loss and net loss was
between $5.6 million and $5.2 million, respectively, compared to an
operating loss and net loss of $4.4 million and $5.0 million for
the three months ended June 30, 2015 and $ 4.9 million and $4.8
million for the three months ended September 30, 2014.  The Company
had cash, cash equivalents and short-term investments of
approximately $19.9 million at Sept. 30, 2015.

"We are currently obtaining and finalizing the financial results of
Response Genetics for purposes of preparing condensed pro forma
financial information in our quarterly report.  While complete
financial information and operating data as of and for such period
are not available, based on the information and data currently
available, our management preliminarily estimates that for the
three months ended September 30, 2015 Response Genetics' revenue
was $2.7 million.  In addition, our management preliminarily
estimates that for the three months ended September 30, 2015
Response Genetics' net loss was $5.8 million.  We did not acquire
any of the Response Genetics cash or accounts receivable associated
with their clinical business.

Response Genetics' preliminary results of operations and financial
data included in this prospectus has been prepared by, and are the
responsibility of, the Company's management.  BDO USA LLP has not
audited, reviewed, compiled or performed any procedures with
respect to the foregoing preliminary results of operations and
financial data.  Accordingly, BDO USA, LLP does not express an
opinion or any other form of assurance with respect thereto.

All of these estimates are preliminary and may change.  There can
be no assurance that Response Genetics' final results for this
quarter will not differ from these estimates, including as a result
of quarter-end closing procedures or review adjustments, and such
changes could be material.  In addition, these preliminary results
of operations and financial data for the three months ended
September 30, 2015 are not necessarily indicative of the results to
be achieved for the remainder of 2015 or any future period.

The Response Genetics numbers above are derived from the historical
numbers of Response Genetics.  Over time the operations of Response
Genetics will be integrated into the operations of Cancer Genetics.
This integration may change how certain tests are coded and
submitted to payers (including Medicare) and, consequently, may
result in differences in the future in which revenues and bad debt
expenses are recorded when compared with the historical methods of
Response Genetics.  At the current time, Cancer Genetics does not
have enough information to prepare a reliable estimate of any
possible changes.

Response Genetics filed for Chapter 11 bankruptcy on August 9,
2015.  GAAP requires specific adjustments when an entity is in
bankruptcy.  These adjustments can affect the measurement of assets
and liabilities from the discharge of bankruptcy, potential
recognition of gain or loss resulting and classification of assets
and liabilities to be discharged in the bankruptcy process.  Cancer
Genetics has also not made any adjustments to the Response Genetics
financial information to reflect the bankruptcy of Response
Genetics in the preliminary financial information for the period
ended Sept. 30, 2015.

As of the date of this filing, Cancer Genetics has not completed
the detailed valuation studies necessary to finalize the required
estimates of the fair value of the Response Genetics’ assets
acquired and liabilities assumed and the related allocations of the
purchase price, nor has Cancer Genetics identified the adjustments
necessary, to conform Response Genetics' accounting policies to
those of Cancer Genetics.

The Company filed a free writing prospectus with the SEC, a copy of
which is available for free at http://is.gd/ZOm9eH

                       About Cancer Genetics

Rutherford, N.J.-based Cancer Genetics, Inc., is an early-stage
diagnostics company focused on developing and commercializing
proprietary genomic tests and services to improve and personalize
the diagnosis, prognosis and response to treatment (theranosis) of
cancer.

Cancer Genetics reported a net loss of $16.6 million in 2014, a net
loss of $12.4 million in 2013 and a net loss of $6.66 million in
2012.

As of June 30, 2015, the Company had $39.8 million in total assets,
$13 million in total liabilities and $26.7 million in total
stockholders' equity.


CENTRAL GARDEN: Moody’s Rates $400MM Sr. Unsecured Notes 'B2'
---------------------------------------------------------------
Moody's Investors Service rated Central Garden & Pet Company $400
million senior unsecured notes B2, while at the same affirming all
other ratings, including the B1 Corporate Family Rating. Proceeds
will be used to repay the existing senior subordinated notes. The
rating outlook was revised to positive from stable due to Central
Garden's improving credit profile and Moody's expectation that the
improvements will continue.

"The refinancing is credit positive as it will save the company
about $7 million a year in interest and extend the maturity date to
2023," said Kevin Cassidy, Senior Credit Officer at Moody's
Investors Service.

Rating assigned:

$400 million senior unsecured notes at B2 (LGD 5);

Rating affirmed:

Corporate Family Rating at B1;

Probability of Default Rating at B1-PD;

Speculative grade liquidity rating at SGL-2

Rating to be withdrawn:

$450 million senior subordinated notes ($400 million outstanding)
at B2 (LGD 5);

RATINGS RATIONALE

Central Garden's B1 Corporate Family Rating reflects its moderate
leverage at around 3.2 times (Moody's adjusted), thin but improving
EBIT margins and stabilized operating performance. The rating is
supported by the company's strong market position in pet and lawn &
garden, moderate size with revenue around $1.6 billion, solid brand
recognition among consumers and moderate financial policies. The
ratings are constrained by the seasonality of earnings and cash
flows, weather dependency, exposure to volatile raw materials
prices, the somewhat discretionary nature of its products and by
its highly concentrated customer base. They are also tempered by
its history of operating performance missteps although Moody's
believes the operational issues are largely resolved.

The positive outlook reflects Moody's belief that Central Garden
will reduce financial leverage and improve its overall credit
metrics as its strategy of reducing SKUs and repositioning its
advertising spending continues.

The ratings could be upgraded if the company is able to achieve
most of its expected cost savings and meaningfully improve
earnings, cash flow and credit metrics. Sustained credit metrics
(outside of seasonal borrowings) necessary for an upgrade include
debt/EBITDA below 3 times and EBIT margins approaching the high
single digits.

The ratings could be downgraded if Central's operating performance
and/or credit metrics unexpectedly deteriorate. Sustained credit
metrics (outside of seasonal borrowings) necessary for a downgrade
include debt/EBITDA approaching 4 times and EBIT/interest below 1.5
times.

Headquartered in Walnut Creek, California, Central Garden & Pet
Company manufactures branded products and distributes third-party
products in the lawn and garden and pet supplies industries in the
United States. Products and brands include Pennington grass seed
and wild bird feed, AMDRO fire ant control bait, Rebel grass seed,
and the Eliminator private label for Wal-Mart in the Garden
Products Group. The Pet Products group includes Kaytee wild bird,
pet bird and small animal supplies, Nylabone dog bones and treats,
Four Paws supplies for cats and dogs, Farnam equine supplies,
Oceanic, Aqueon and Zilla produce aquatics supplies and aquarium in
the Pet Products group. Sales approximated $1.6 billion for the
twelve months ended June 30, 2015.



CENTRAL GARDEN: S&P Assigns 'BB-' Rating on $400MM Unsecured Notes
------------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' issue-level
rating to Walnut Creek, Calif.-based Central Garden & Pet Co.'s
proposed $400 million senior unsecured notes due 2023.  The '4'
recovery rating on the proposed notes indicates that creditors
could expect recovery in the lower half of the 30% to 50% range in
the event of a payment default.  S&P expects the company will use
net proceeds from the proposed issuance to refinance its $400
million senior subordinated notes due March 1, 2018.  S&P's ratings
assume the transaction closes on substantially the terms provided
to S&P.  Total debt pro forma for the proposed transaction is about
$400 million.

All of S&P's existing ratings on the company, including its 'BB-'
corporate credit rating, are unchanged by the transaction.  The
outlook is stable.

S&P's ratings on Central Garden & Pet reflect the company's success
stabilizing and improving operations, resulting in increased
profitability, better working capital management, and a healthier
balance sheet; and its participation in the stable pet industry.
These positives are tempered by the company's weak negotiating
power with a concentrated retail customer base that has significant
leverage in the supply chain, susceptibility to changes in consumer
discretionary spending in the garden segment, below-average
profitability, and volatile input costs.  S&P forecasts debt to
EBITDA will be near 3x and funds from operations (FFO) to debt in
the low-20% area over the next two years.

RATINGS LIST

Central Garden & Pet Co.
Corporate credit rating                 BB-/Stable/--

Ratings Assigned
Central Garden & Pet Co.
Senior unsecured
  $400 mil. notes due 2023               BB-
   Recovery rating                       4L



CHAMINADE UNIVERSITY: Moody's Rates $25MM Revenue Bonds 'Ba2'
-------------------------------------------------------------
Moody's Investors Service assigns an initial Ba2 rating to
Chaminade University of Honolulu's expected issuance of up to $23
million Special Purpose Revenue Bonds, Series 2015A and $2 million
Taxable Special Purpose Revenue Bonds, Series 2015B, both to be
issued through the Department of Budget and Finance of the State of
Hawaii. The Series 2015A bonds will have a final maturity in 2045,
and the Series 2015B bonds will mature in 2019. The outlook is
stable.

Issue: Special Purpose Revenue Bonds, Series 2015A (Tax Exempt);
Rating: Ba2; Sale Amount: $23,000,000; Expected Sale Date:
11/19/2015; Rating Description: Revenue: 501c3 Secured General
Obligation

Issue: Taxable Special Purpose Revenue Bonds, Series 2015B; Rating:
Ba2; Sale Amount: $2,000,000; Expected Sale Date: 11/19/2015;
Rating Description: Revenue: 501c3 Secured General Obligation

SUMMARY RATING RATIONALE

The Ba2 rating reflects the university's small scope of operations
and highly competitive student market, while recognizing
Chaminade's unique role as the only private Catholic university in
Hawaii, with growing net tuition revenue and successful
diversification of programming which helps cushion against pressure
in any given market segment.

The university's rating is constrained by limited financial
flexibility due to weak resources relative to debt and operations.

OUTLOOK

The stable outlook reflects our expectation that the university
will continue to produce modest surplus operations sufficient to
cover debt service, but that aside from proceeds from the expected
building sale, resource and liquidity growth will remain slow.

WHAT COULD MAKE THE RATING GO UP

-- Significant influx of liquid financial resources through  
    philanthropy or sustained strong cash flow

WHAT COULD MAKE THE RATING GO DOWN

-- Enrollment pressures leading to stagnant net tuition revenue
    or weakened cash flow

-- Any deterioration of monthly liquidity

OBLIGOR PROFILE

Chaminade is a small private Catholic (Marianist) College in
Honolulu, with approximately 2,200 students and $47 million of
operating revenue. The university was founded in 1955 and is the
only Catholic university in the state of Hawaii.

LEGAL SECURITY

The bonds are unconditional obligations of the university, secured
by a pledge of gross revenues as well as a negative mortgage pledge
on the university's facilities.

USE OF PROCEEDS

The Series 2015A&B bonds will be used to: (1) refund the Series
2006 bonds; (2) finance and refinance the acquisition,
construction, renovation and equipping of facilities on Chaminade's
campus; (3) fund a debt service reserve fund; and (4) and pay costs
of issuance.



CHAMINADE UNIVERSITY: S&P Rates 2015A & 2015B Revenue Bonds 'BB+'
-----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB+' long-term
rating to the Hawaii State Department of Budget & Finance'sseries
2015A and 2015B special purpose revenue bonds and taxable special
purpose revenue bonds, issued on behalf of Chaminade University.
The outlook is stable.

"The rating reflects our view of the university's adequate
enterprise profile, including a very small enrollment base and
below-average student quality," said Standard & Poor's credit
analyst Jessica Matsumori.  "The rating also reflects our view of
the university's unique competitive position and its very weak
financial profile -- including a predominantly restricted balance
sheet, high pro forma leverage, and limited liquidity,"
Ms. Matsumori added.

Proceeds of the series 2015A and B bonds are expected to refund the
university's outstanding series 2006 bonds as well as provide
funding for a variety of projects on campus, including a small
amount of reimbursement for funds already spent.

Chaminade University of Honolulu is a Catholic university,
sponsored by the Province of the United States of America of the
Society of Mary (Marianists).  Founded in 1955, the school offers
three bachelor's degrees, eight graduate degree programs, and
several professional certificate programs with a focus on
education, business, science, and health sciences.



CHARLES HESTER: Suit Against JP Morgan Partially Dismissed
----------------------------------------------------------
Judge David M. Warren of the United States Bankruptcy Court for the
Eastern District of North Carolina, Raleigh Division, partially
allowed and partially denied JPMorgan Chase Bank, N.A.'s Partial
Motion to Dismiss the case captioned CHARLES E. HESTER, BARBETTA
GODWIN HESTER, Plaintiffs, v. JPMORGAN CHASE BANK, Defendant,
ADVERSARY PROCEEDING NO. 15-00001-8-DMW (Bankr. E.D.N.C.).

Judge Warren denied the Motion to Dismiss as to the 75-1.1 Claim,
Negligence Claim, 75-104 Claim and TCPA Claim and granted the
Motion to Dismiss as to the IIED Claim and NIED Claim, without
prejudice to the Plaintiffs filing amended claims.

The bankruptcy case is IN RE: CHARLES ERNEST HESTER BARBETTA GODWIN
HESTER, CHAPTER 11, Debtors, CASE NO. 11-04375-8-DMW (Bankr.
E.D.N.C.).

A full-text copy of the Memorandum Opinion dated October 16, 2015
is available at http://is.gd/jGi0c9from Leagle.com.

Charles E. Hester, Plaintiff, represented by Matthew W. Buckmiller,
Stubbs & Perdue, P.A., Esq. -- mbuckmiller@stubbsperdue.com --
Joseph Zachary Frost, Esq. -- jfrost@stubbsperdue.com -- Stubbs &
Perdue, P.A., Trawick H Stubbs Jr., Esq. --
tstubbs@stubbsperdue.com -- Stubbs & Perdue, P.A.

JPMorgan Chase Bank, Defendant, represented by Joseph M. Lischwe,
Esq. -- joe.lischwe@nelsonmullins.com -- Nelson Mullins Riley &
Scarborough LLP, Jackson Wicker, Esq. --
jackson.wicker@nelsonmullins.com -- Nelson Mullins Riley &
Scarborough LLP.


CITY SPORTS: Hilco-Gordon Joint Venture to Liquidate 26 Stores
--------------------------------------------------------------
Eric Convey at Boston Business Journal reports that a joint venture
between Hilco Merchant Resources LLC and Gordon Brothers Retail
Partners LLC -- companies that dispose of retail assets -- won the
bidding for City Sports stores.

Court documents say that the Company's 26 stores, including nine in
Massachusetts, will be liquidated.  

Business Journal relates that the agreement to sell the stores to a
liquidator includes stipulations to guarantee an orderly process,
like a mandate that all liquidation sales occur during stores'
regular business hours.

                         About City Sports

City Sports, Inc., and City Sports-DC, LLC, filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12054 and
15-12056, respectively) on Oct. 5, 2015.  Andrew W. Almquist
signed the petition as senior vice president and chief financial
officer.

The Debtors estimated both assets and liabilities of $10 million
to $50 million.  The Debtors have engaged DLA Piper LLP (US) as
counsel and FTI Consulting, Inc., as financial and restructuring
advisor.

The Company is a Boston-based specialty sports retailer that offers
performance footwear, athletic apparel, and equipment from leading
brands as well as the Company's own "CS by City Sports" line for
running, fitness, swimming, cycling, tennis, yoga and team sports.


COLT DEFENSE: Filed 10-Week Projection Model
--------------------------------------------
Colt Defense LLC and Colt Finance Corp. filed with the Securities
and Exchange Commission their "Debtor-in-Possession 10-Week
Projection Model".  The Projection was filed as an exhibit to
Colt's Form 8-K report.  A copy of the document is available at
http://is.gd/JamntI

In connection with the ongoing bankruptcy proceedings of Colt
Defense LLC and Colt Holding Company LLC and certain of their
subsidiaries and affiliates, Colt Defense and Colt Finance Corp.
entered into confidential discussions with and provided certain
confidential information regarding Colt Defense and its
consolidated subsidiaries to certain holders of Colt's 8.75% Senior
Notes due 2017.  In connection with those discussions, Colt agreed
with the Holders to provide the information publicly.

                      About Colt Defense

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

In 1992, Colt Manufacturing Company, then the principal operating
subsidiary, filed chapter 11 petitions (Bankr. D. Conn.).  An
investment by Zilkha & Co. allowed CMC to confirm a chapter 11 plan
and emerge from Bankruptcy in 1994.

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

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

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

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

Wilmington Savings Fund Society, FSB, as agent under the $13.3
million Term DIP Loan Agreement, is represented by Pryor Cashman
LLP's Eric M. Hellige, Esq.; and Willkie Farr & Gallagher LLP's
Leonard Klingbaum, Esq.  

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

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

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

                           *     *     *

Colt's equity sponsor, Sciens Capital Management, has agreed to act
as a stalking horse bidder in a proposed asset sale.  The Debtors
called off the bankruptcy auction after no potential buyers emerged
by an Oct. 16, 2015 deadline.

The Debtors on Oct. 9 filed a proposed plan of reorganization
premised on a $50 million exit financing facility from
private-equity owner Sciens Capital Management, LLC, Fidelity
National Financial Inc., Newport Global Advisors LP, and certain
other lenders.  The Plan secures options for the Company to
continue operations in West Hartford, Connecticut on a long-term
basis.


COMMUNICATION INTELLIGENCE: Mike Engmann Joins Board
----------------------------------------------------
Communication Intelligence Corporation announced that Mike Engmann
was voted onto its Board of Directors and was named co-chairman, a
role he now shares with Philip Sassower.

"Mike is a significant investor and long-time supporter of CIC and
we are thrilled that he has accepted my invitation to join our
board and to increase his involvement with the company," said
Philip Sassower, co-chairman and CEO for CIC.  "Mike brings a
wealth of knowledge and expertise that I am confident will prove
invaluable to CIC.  We look forward to working together for the
benefit of all CIC stakeholders."

Mr. Engmann is one of the pioneer market-makers in the Pacific
Stock Exchange's options program, where he began working as a
trader in 1976.  Over approximately 40 years, Mr. Engmann has
founded, expanded and sold a number of businesses, including:
Engmann Options, Inc. (1978) a family office investment vehicle;
Sage Clearing Corporation (1980) a then cutting-edge clearing
operation sold to ABN Amro Inc. in 1988; Preferred Trade, Inc.
(1982), a broker-dealer providing research and trade execution
services sold to Fimat in May 2005; MDNH Trading, Inc. (1989), a
broker-dealer that allows private parties to invest in
market-making; and Revere Data LLC (2001), a global financial and
market data company sold to Factset in 2013.

"Phil and I have been collaborating in the electronic signature and
digital transaction management space through CIC for some time and
I am looking forward to deeper involvement with the company," said
Mike Engmann, co-chairman for CIC.  "I believe that CIC has a well
differentiated product, in a market that is rapidly expanding and
with a sound strategy to deliver on the company's promise."

Consistent with the Company's past practices, Mr. Engmann will be
granted an option to acquire 1,000,000 shares of the Company's
Common Stock under the Company's 2011 Stock Compensation Plan at a
per share exercise price equal to the closing per share market
price of the Company's Common Stock.  The option granted to Mr.
Engmann will vest quarterly over three years, and will have a
seven-year term.  Further to the Company's policies, Mr. Engmann,
as a non-employee director, will receive $1,000 for each Board
meeting attended and will be reimbursed for reasonable
out-of-pocket expenses incurred in connection with attending such
meetings.

During the preceding twelve months the Company entered into the
following transactions with Mr. Engmann:

On March 24, 2015, the Company issued 1,000,000 shares of Series
D-1 Preferred Stock to Mr. Engmann for $1,000,000 in cash.  In
addition the Company issued Mr. Engmann warrants to purchase
22,222,222 shares of Common Stock, immediately exercisable at
$0.0225 per share.  The warrants expire March 23, 2018.  The
warrants are exercisable in whole or in part and contain a cashless
exercise provision.

On July 23, 2015, the Company issued 200,000 shares of Series D-1
Preferred Stock to Mr. Engmann for $2000,000 in cash.  In addition
the Company issued Mr. Engmann warrants to purchase 8,000,000
shares of Common Stock, immediately exercisable into common stock
of the Company at $0.0125 per share.  The warrants expire
March 23, 2018.  The warrants are exercisable in whole or in part
and contain a cashless exercise provision.

On Sept. 29, 2015, the Company issued to Mr. Engmann a demand note
in the principal amount of $250,000 in exchange for an equivalent
amount loaned to the Company by Mr. Engmann.  This note bears
interest at the rate of 10% per annum and both the principal and
interest accrued are payable on demand.

                  About Communication Intelligence

Redwood Shores, California-based Communication Intelligence
Corporation is a supplier of electronic signature products and the
recognized leader in biometric signature verification.

As of March 31, 2015, the Company had $2.53 million in total
assets, $2.17 million in total liabilities and $356,000 in total
equity.


CORINTHIAN COLLEGES: CFPB Gets $530-Mil. Judgment
-------------------------------------------------
Stephanie Cumings, writing for Bloomberg News, reported that the
Consumer Financial Protection Bureau won a $530 million default
judgment against defunct Corinthian Colleges Inc. Oct. 27, although
the judgment is likely to go unpaid.

According to the report, the CFPB sued Corinthian in September for
"luring tens of thousands of students into taking out private
loans, known as 'Genesis loans,' to cover expensive tuition costs
by advertising bogus job prospects and career services," according
to a Oct. 28 press release from the CFPB.

The CFPB acknowledged that "Corinthian cannot pay the judgment
because it has dissolved and its assets have already been
distributed according the liquidation plan in its bankruptcy case,"
the report related.

                    About Corinthian Colleges

Corinthian Colleges, Inc., et al., were founded in February 1995
and through acquisitions became one of the largest for-profit
post-secondary education companies in the U.S. and Canada.  In
January 2010, Corinthian purchased Heald Capital LLC, which
operated Heald College, a 150 year-old regionally-accredited
institution with 12 campuses.

Corinthian Colleges, Pegasus Education, Inc., and 23 affiliated
entities filed voluntary Chapter 11 petitions (Bankr. D. Del. Lead
Case No. 15-10952) on May 4, 2015, to complete an orderly wind
down
of operations.  The cases are jointly administered under Case No.
15-10952.  Judge Kevin J. Carey presides over the case.  

Corinthian Colleges, Inc., disclosed $721,596,789 in assets and
$2,929,448,278 in liabilities as of the Chapter 11 filing.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel;
FTI
Consulting, Inc., as restructuring advisors;
PricewaterhouseCoopers, LLC, as tax advisors; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

The U.S. Trustee for Region 3 formed an Official Committee of
Unsecured Creditors and an Official Committee of Student
Creditors.
The Creditors Committee retained Brown Rudnick LLP and Rosner Law
Group as attorneys.   The Student Committee tapped Robins Kaplan
LLP and Poslinelli PC as attorneys.

                          *     *     *

The Debtors closed each of their campus locations effective as of
April 27, 2015, and immediately began the process of liquidating
their assets and winding down operations.

The Troubled Company Reporter, on Oct. 9, 2015, reported that
Corinthian Colleges, Inc., et al., notified that the effective date
of their Third Amended and Modified Combined Disclosure Statement
and Chapter 11 Plan of Liquidation was Sept. 21, 2015.


CORINTHIAN COLLEGES: CFPB Wins Judgment on $530 Million Lawsuit
---------------------------------------------------------------
Diana Jones at Bankruptcy Law360 reported that an Illinois federal
judge found on Oct. 7, 2015, that Corinthian Colleges Inc. used
deceptive student lending practices, entering a default judgment in
a $530 million lawsuit filed by the Consumer Financial Protection
Bureau and bringing more bad news for the for-profit company as it
works its way through Chapter 11 bankruptcy.

U.S. District Judge Gary Feinerman agreed with the CFPB that the
California-based company misrepresented its students' job prospects
in an effort to convince them to attend its schools and take out
high-interest and high-fee loans.

                    About Corinthian Colleges

Corinthian Colleges, Inc., et al., were founded in February 1995
and through acquisitions became one of the largest for-profit
post-secondary education companies in the U.S. and Canada.  In
January 2010, Corinthian purchased Heald Capital LLC, which
operated Heald College, a 150 year-old regionally-accredited
institution with 12 campuses.

Corinthian Colleges, Pegasus Education, Inc., and 23 affiliated
entities filed voluntary Chapter 11 petitions (Bankr. D. Del. Lead
Case No. 15-10952) on May 4, 2015, to complete an orderly wind down
of operations.  The cases are jointly administered under Case No.
15-10952.  Judge Kevin J. Carey presides over the case.  

Corinthian Colleges, Inc., disclosed $721,596,789 in assets and
$2,929,448,278 in liabilities as of the Chapter 11 filing.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel; FTI
Consulting, Inc., as restructuring advisors;
PricewaterhouseCoopers, LLC, as tax advisors; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

The Effective Date of the Debtor's Third Amended Chapter 11 Plan of
Liquidation was Sept. 21, 2015.

The U.S. Trustee for Region 3 formed an Official Committee of
Unsecured Creditors and an Official Committee of Student Creditors.
The Creditors Committee retained Brown Rudnick LLP and Rosner Law
Group as attorneys.   The Student Committee tapped Robins Kaplan
LLP and Poslinelli PC as attorneys.

                          *     *     *

The Debtors closed each of their campus locations effective as of
April 27, 2015, and immediately began the process of liquidating
their assets and winding down operations.


DOUGLAS HIMMELFARB: Plan of Reorganization Confirmed
----------------------------------------------------
Judge Robert J. Faris the United States Bankruptcy Court for the
District of Hawaii entered confirmed Douglas Bruce Himmelfarb's
Plan of Reorganization Dated March 23, 2015, according to a
Findings of Fact and Conclusions of Law dated October 20, 2015, a
full-text copy of which is available at http://is.gd/6LOqe4from
Leagle.com.

The case is In re: DOUGLAS BRUCE HIMMELFARB, (Chapter 11) Debtor,
CASE NO. 13-00229 (Bankr. D. Haw.).

Douglas B. Himmelfarb, Debtor, represented by Christopher J. Muzzi,
Esq. -- cmuzzi@hilaw.us -- Moseley Biehl Tsugawa Lau & Muzzi.


ELBIT IMAGING: Plaza Gets Amended Notice to Convene EGM
-------------------------------------------------------
Elbit Imaging Ltd. announced that Plaza Centers N.V. -- following
receipt of a notice from Elbit Ultrasound (Luxembourg) B.V./
s.a.r.l., a 44.9% shareholder in Plaza and a wholly owned
subsidiary of the Company, on 21 September, 2015 -- Plaza has
received a subsequent notice replacing the First Notice.  The most
recently received notice requires that Plaza will convene an
extraordinary general meeting, under the provisions of Section 27.3
of Plaza's articles of association, to consider and, if thought
fit, pass resolutions relating to the dismissal of Messrs. Shlomi
Kelsi and Yoav Kfir.

                         About Elbit Imaging

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

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

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

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

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


EPWORTH VILLA: Plan Hearing Tentatively Set for Dec. 11
-------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Oklahoma on
Oct. 26, 2015, conducted a hearing on the disclosure statement
explaining the proposed reorganization plan, as amended, of Central
Oklahoma United Methodist Retirement Facility, Inc., doing business
as Epworth Villa.  The Court has continued the Disclosure Statement
hearing to Nov. 9 at 10:00 a.m.

The bankruptcy judge also has tentatively set the hearing to
consider confirmation of the Plan for Dec. 11, 2015 at 10:00 a.m.,
pending approval of the disclosure statement.

Epworth Villa filed on Sept. 28 a Second Modified Plan and an
amended Disclosure Statement that reflect a settlement reached with
Williams Hicks and the indenture trustee under revenue bonds with
outstanding principal of $87.8 million, which objected to the prior
iteration of the disclosure statement.

The Debtor on Oct. 23 filed technical and clarifying revisions to
the Modified Plan and Disclosure Statement.  A copy of the document
is available for free at:

     http://bankrupt.com/misc/Epworth_Villa_508_Rev_DS.pdf

                        The Chapter 11 Plan

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

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

As reported in the Oct. 2, 2015 edition of the TCR, according to
the Disclosure Statement, the Plan provides for the continued
operation of Epworth Villa's business and proposes to treat claims
and interests as follows:

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

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

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

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

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

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

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

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

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

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

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

              About Central Oklahoma United Methodist

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

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

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

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

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

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

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



EPWORTH VILLA: Seeks to Strike Holden & Carr Objection
------------------------------------------------------
Central Oklahoma United Methodist Retirement Facility, Inc., doing
business as Epworth Villa, said that no voting creditors have
objected to the pending Disclosure Statement to Accompany Second
Modified Plan of Reorganization.  It is now asking the U.S.
Bankruptcy Court for the Western District of Oklahoma to strike or
overrule the lone objection filed by Holden & Carr.

Holden & Carr said approval of the Amended Disclosure Statement
should be denied because it fails to "provide adequate" information
to allow parties to intelligently vote for the proposed Amended
Plan, particularly with respect to the Hicks Judgment.  In its Oct.
20 filing, the objector said it is a fundamental breach of
fiduciary duty by the Debtor's officers and directors to not defend
the pending appeal seeking to reverse the $15 million judgment in
favor of the Hicks Claimants and against the Debtor.  Moreover,
according to Holden & Carr, the Amended Disclosure Statement fails
to point out that the proposed Amended Plan is not-confirmable
pursuant to either § 1129(a) or (b) of the Bankruptcy Code.

"HC's extraordinary conduct appears motivated only by its tactical
interest in avoiding ever having to account for its responsibility
for Epworth Villa's economic distress," Epworth Villa said in a
response to HC's objections.

According to the Debtor, even if the Court were to ignore the
transparent agenda of HC, and presume that it was offering its
voice out of benevolence for the creditors, its Objection should
still not be countenanced by the Court.  The Debtor notes that HC
admits that it "is not a party" to this bankruptcy case.  According
to the Debtor, under principles of "prudential standing", an entity
is not permitted to rest its claim to relief on the legal rights or
interests of third parties, such as the creditors here.  

The Debtor points out that at this stage of the plan confirmation
process that the Modified Plan effectively addresses what the
parties perceived to be the Court’s own concerns with the
previously-pending Settlement Motion, namely --

   (i) that Epworth Villa's pending appeal of the Hicks Judgment
("Appeal") would be dismissed;

  (ii) that Epworth Villa's officers would receive undue releases
from alleged claims against them; and

(iii) that settlement of the Hicks claims in this case would
adversely impact recoveries for general unsecured creditors.

According to the Debtor, the fact (i) that the Appeal will continue
to be prosecuted, (ii) that no third-party releases will be
effected by the Modified Plan and, most importantly, (iii) that
general unsecured creditors will have their claims paid in full
with interest, should enable a successful conclusion to the
administration of this case in Bankruptcy Court, and permit Epworth
Villa to begin to stabilize and grow the operation upon which so
many vulnerable residents and future residents need to be able to
rely.

Holden & Carr's attorneys:

         RHODES HIERONYMUS JONES TUCKER & GABLE
         John H. Tucker, Esq.
         Jesse L. Sumner, Jr., Esq.
         P.O. Box 21100
         Tulsa, OK 74121-1100
         Tel: (918) 582-1173
         Fax: (918) 592-3390
         E-mail: jtucker@rhodesokla.com
                 jsumner@rhodesokla.com

               - and -

         MCDONALD MCCANN METCALF & CARWILE, LLP
         Gary M. McDonald, Esq.
         Chad J. Kutmas, Esq.
         15 E. 5th Street, Suite 1400
         Tulsa, OK 74103
         Tel: (918) 430-3700
         Fax: (918) 430-3770
         E-mail: gmcdonald@mmmsk.com
                 ckutmas@mmmsk.com

Epworth Villa is represented by:

          G. Blaine Schwabe, III, Esq.
          Elizabeth F. Cooper, Esq.
          GABLEGOTWALS
          One Leadership Square, 15th Floor
          211 North Robinson
          Oklahoma City, OK 73102-7101
          Tel: (405) 235-5500
          Fax: (405) 235-2875
          E-mail: gschwabe@gablelaw.com
                  ecooper@gablelaw.com

               - and -

          Sidney K. Swinson, Esq.
          Mark D.G. Sanders, Esq.
          Brandon C. Bickle, Esq.
          GABLEGOTWALS
          1100 ONEOK Plaza
          100 West Fifth Street
          Tulsa, OK 74103
          Tel: (918) 595-4800
          Fax: (918) 595-4990
          E-mail: sswinson@gablelaw.com
                  msanders@gablelaw.com
                  bbickle@gablelaw.com

              About Central Oklahoma United Methodist

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

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

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

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

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

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

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



ESCALERA RESOURCES: Files Voluntary Chapter 11 Bankruptcy Petition
------------------------------------------------------------------
Escalera Resources Co. on Nov. 5 disclosed that it filed a
voluntary petition in the United States Bankruptcy Court for the
District of Colorado seeking relief under the provisions of Chapter
11 of Title 11 of the United States Code.  The Company believes the
Chapter 11 process will provide the greatest flexibility to pursue
viable options for asset sales or other alternatives with the goal
of maximizing the value of the Company.

Escalera will continue to operate the business as
debtors-in-possession under the jurisdiction of the Court.  The
Company has filed a series of first day motions with the Court that
will allow it to continue to conduct business without interruption.
These motions are designed primarily to minimize the impact on the
Company's operations, customers and employees.  In connection with
the bankruptcy process, Escalera has an agreement regarding the use
of cash collateral.

The Company is an independent energy company engaged in the
exploration, development, production and sale of natural gas and
crude oil, primarily in the Rocky Mountain basins of the western
United States.  Its core operations are from natural gas wells in
Wyoming.  Its corporate offices are located at 1675 Broadway, Suite
2200, Denver, Colorado 80202.

Escalera has approximately 14,296,000 shares of common stock
outstanding, which trade on the OTC Market Group's OTC Pink
marketplace, and 1,610,000 shares of Series A Cumulative Preferred
Stock outstanding (symbol "ESCRP"), which trade on the Nasdaq
Capital Market.

For access to Court documents and other general information about
the Chapter 11 case, please visit http://www.cob.uscourts.gov

The Company's bankruptcy legal advisors are Onsager | Guyerson |
Fletcher | Johnson of Denver, CO.

Headquartered in Denver, Escalera Resources Co. explores, develops,
produces and sells natural gas and crude oil in the Rocky Mountain
Basins of the western United States.  The Company's current
production consists of natural gas from its properties in Wyoming.



F-SQUARED INVESTMENT: Seeks to Retain Control of Ch. 11 Cases
-------------------------------------------------------------
F-Squared Investment Management, LLC, et al., ask the U.S.
Bankruptcy Court for the District of Delaware to further extend the
period by which they have exclusive right to file a plan until
March 4, 2016, and the period by which they have exclusive right to
solicit acceptances of their plan until May 4, 2016.

On Oct. 28, 2015, the Debtors and the Official Committee of
Unsecured Creditors filed the Joint Plan of Liquidation under
Chapter 11 of the Bankruptcy Code and related disclosure statement.
The Plan, according to Michael J. Merchant, Esq., at Richards,
Layton & Finger, P.A., in Wilmington, Delaware, is the result of
extensive negotiations with the Committee and provides for the most
efficient and cost-effective means of orderly liquidating the
Debtors' estates and providing distributions to stakeholders.

A hearing to consider approval of the Disclosure Statement has been
scheduled for Dec. 7, 2015 at 10:00 a.m. (Eastern Time).  In
addition to pursuing approval of the Disclosure Statement and
confirmation of the Plan, the Debtors intend to file and prosecute
objections to several large contested claims that were filed in the
Chapter 11 Cases, Mr. Merchant tells the Court.

The Debtors require additional time to pursue confirmation of the
Plan and to address any unforeseen delays experienced in connection
with those efforts, Mr. Merchant asserts.

Russell C. Silberglied, Esq., Michael J. Merchant, Esq.,
Zachary I. Shapiro, Esq., and Amanda R. Steele, Esq., at Richards,
Layton & Finger, P.A., in Wilmington, Delaware.

                   About F-Squared Investment

Headquartered in Wellesley, MA, F-Squared Investments, Inc. --
http://www.f-squaredinvestments.com-- is a privately owned    
investment manager.  The firm primarily provides its services to
other investment advisers.  It also caters to individuals, high
net worth individuals, and pension and profit sharing plans.  The
firm provides index management services.  It manages separate
client-focused equity, fixed income, and multi-asset portfolios.
The firm invests in the public equity, fixed income, and
alternative investment markets across the globe.  It makes all its
investments through exchange-traded funds.  The firm invests in
small-cap stocks of companies across diversified sectors.

F-Squared Investment Management, LLC and eight of its affiliates
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
15-11469) on July 8, 2015.  The petition was signed by Laura Dagan
as president and chief executive officer.  The cases are assigned
to Laurie Selber Silverstein.

Richards, Layton & Finger, P.A. serves as the Debtors' counsel.
Gennari Aronson, LLP represents the Debtors as special corporate
counsel.  Grail Advisory Partners LLC (d/b/a PL Advisors) and
Managed Account Services, LLC act as the Debtors' financial
advisors and investment bankers.  Stillwater Advisory Group LLC is
the Debtors' crisis managers and restructuring advisors.  BMC
Group, Inc. acts as the Debtors' claims and noticing agent.

                       *     *     *

The hearing to consider approval of the Disclosure Statement
explaining the Chapter 11 Plan of Liquidation of F-Squared
Investment Management, LLC, et al., will be held on Dec. 7, 2015,
at 10:00 a.m. (prevailing Eastern Time) before Judge Laurie Selber
Silverstein of the U.S. Bankruptcy Court for the District of
Delaware.

The sale of substantially all of the Debtors' assets to Broadmeadow
Capital, LLC, closed on Sept. 8, 2015

The Plan provides for the establishment of the F-Squared
Liquidating Trust for the purposes of, among other things, (i)
administering the Debtors' remaining assets, (ii) reconciling
claims against the Debtors, (iii) objecting to and/or moving to
estimate or recharacterize the claims, (iv) prosecuting estate
causes of action, and (v) making distributions.

A full-text copy of the Plan dated Oct. 28 is available at
http://bankrupt.com/misc/FSIds1028.pdf


FONTANA AUTOMOTIVE: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Fontana Automotive, Inc.
        681 Harleysville Pike
        Harleysville, PA 19450

Case No.: 15-17925

Chapter 11 Petition Date: November 4, 2015

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Eric L. Frank

Debtor's Counsel: Aris J. Karalis, Esq.
                  MASCHMEYER KARALIS P.C.
                  1900 Spruce Street
                  Philadelphia, PA 19103
                  Tel: (215) 546-4500
                  Email: akaralis@cmklaw.com

                    - and -

                  Robert W. Seitzer, Esq.
                  MASCHMEYER KARALIS P.C.
                  1900 Spruce Street
                  Philadelphia, PA 19103
                  Tel: (215) 546-4500
                  Email: rseitzer@cmklaw.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Steven J. Weirich, president.

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


FORBES ENERGY: S&P Lowers CCR & Unsecured Debt Rating to 'CCC+'
---------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Forbes Energy Services Ltd. to 'CCC+' from 'B'.  The
outlook is stable.

At the same time, S&P lowered the issue-level ratings on the
company's unsecured debt to 'CCC+' from 'B'.  The recovery ratings
remain '4', indicating S&P's expectation of average (30% to 50%;
upper half of the range) recovery in the event of a payment
default.

"The downgrade on Forbes reflects our expectations of deteriorating
credit measures through 2016 as industry conditions continue to
prove challenging for Forbes," said Standard & Poor's credit
analyst Michael Tsai.  "The collapse of crude oil and gas prices,
the corresponding decline in rig count, and an overcapacity of
fluid handling equipment will pressure margins in Forbes' core
Eagle Ford shale market and the Permian Basin," he added.

Pricing pressure and declining equipment utilization rates continue
to hurt the company's EBITDA.  The company has responded by cutting
operating costs and capital spending, which continue to support the
company's strong liquidity position.  Despite the company's
efforts, S&P projects funds from operations (FFO) to debt to remain
below 5% through 2016, and adjusted debt to EBITDA to jump above
10x by the end of 2016, which S&P considers unsustainable.

S&P assess the company's business risk profile as "vulnerable" and
its financial risk profile as "highly leveraged."  S&P assess
Forbes' liquidity as "strong," as defined in its criteria.

The stable outlook reflects S&P's assessment of Forbes Energy
Services Ltd.'s "strong" liquidity and the likelihood the company
will have the ability to continue meeting debt obligations over at
least the next 12 to 18 months.

S&P could lower the rating on Forbes Energy if S&P reassessed
liquidity as "less than adequate," likely as a result of a
prolonged market downturn that continued to stretch the company's
cash flows and jeopardized its ability meet principal and interest
payments on its obligations.

S&P could raise the rating on Forbes if it is able to stabilize its
cash flows and show a clear path to improvement, such that S&P's
projections for FFO to debt were near 12% for the company while
maintaining at least "adequate" liquidity.



FREDERICK'S OF HOLLYWOOD: Liquidation Plan Declared Effective
-------------------------------------------------------------
All conditions precedent to the Effective Date pursuant to Article
XIV.A. of the Combined Disclosure Statement and Chapter 11 Plan of
Liquidation have been satisfied or waived, therefore, on November
3, 2015, the Effective Date of the Combined Disclosure Statement
and Plan occurred, Old FOH, Inc., f/k/a Frederick's of Hollywood,
Inc., et al., notified the U.S. Bankruptcy Court for the District
of Delaware.

Any Holder of a Claim arising from the rejection of an Executory
Contract or unexpired lease pursuant to the Combined Disclosure
Statement and Plan must submit a proof of Claim on account of the
Claim by no later than November 24.  The Administrative Expense Bar
Date is December 3.

U.S. Bankruptcy Judge Kevin Gross on Nov. 3 issued an order
approving the Combined Disclosure Statement and confirmed the Plan.
The Plan obtained overwhelming acceptance by holders of Class 1 -
Prepetition Lender Secured Claims and Class 4 - General Unsecured
Claims, according to P. Joseph Morrow IV, a director of corporate
restructuring services of Kurtzman Carson Consultants LLC.  A
full-text copy of Mr. Morrow's Tabulation Report is available at
http://bankrupt.com/misc/FOHtabrep.pdf

Pursuant to the Plan, the Debtors and the Committee have jointly
appointed Douglas Charboneau, the acting Chief Financial Officer of
the Debtors, as Plan Administrator.  The Plan Administrator's
compensation will be: (i) a $100,000 flat fee earned and payable on
the Effective Date; and (ii) a $50,000 bonus payable in the event
that a final Distribution to Creditors is made on or before
December 31, 2015 or a later date as may be agreed upon by counsel
to the Committee and the Plan Administrator in writing.

Dallas County, Fort Bend County, Harris County, Irving ISD,
Jefferson County, and Tarrant County, are holders of prepetition
claims for ad valorem taxes assessed against the Debtors on Jan. 1,
2015.  The prepetition tax claims total approximately $18,000.  The
Tax Authorities complained that the Plan leaves their claims
unimpaired and failed to properly provide for the payment of
interest on the claims.  Payment on the Texas Tax Claims will
include accrued and unpaid interest from the Petition Date through
the date of payment in full at the applicable state statutory rate
of 1% per month.  The Texas Tax Authorities will retain their tax
liens on their cash collateral with the same validity, extent and
priority until the Allowed mounts of the Texas Tax Claims are paid
in full or disallowed.

Andrew R. Vara, the Acting U.S. Trustee for Region 3, objected to
the Combined Disclosure Statement and Plan, complaining that it
fails to satisfy the adequate information standard of Section 1125
of the Bankruptcy Code and does not indicate which portions of it
are to be taken as the disclosure statement and which portions
constitute plan provisions.

All objections, responses, statements and comments in opposition to
the Combined Disclosure Statement and Plan, other tha those
withdrawn with prejudice, waived, or settled prior to, or on the
record at, the Confirmation Hearin, are overruled in their
entirety.

A full-text copy of the Combined Disclosure Statement and Plan,
revised on Oct. 30, 2015, is available at
http://bankrupt.com/misc/FHOplan1030.pdf

A full-text copy of the Combined Disclosure Statement and Plan,
dated Sept. 25, 2015, is available at
http://bankrupt.com/misc/FOHplan0925.pdf

The Texas Tax Authorities are represented by:

         Elizabeth Weller, Esq.
         LINEBARGER GOGGAN BLAIR & SAMPSON, LLP
         2777 N. Stemmons Fwy., Ste. 1000
         Dallas, TX 75207
         Tel: (469)221-5075
         Fax: (469)221-5003
         E-mail: BethW@publicans.com

                         About Frederick's

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

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

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

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


FREMONT INVESTMENT: Suit vs. Bedasees Remanded to State Court
-------------------------------------------------------------
Judge John E. Steele of the United States District Court for the
Middle District of Florida, Fort Myers Division, granted Fremont
Investment & Loan Company's motion to remand to the Circuit Court
of the Twentieth Judicial Circuit, in and for Collier County,
Florida, his complaint against defendants Owen Bedasee, et al.,

Fremont filed the complaint in Collier County Circuit Court on
February 22, 2008, seeking to foreclose on a $444,000 purchase
money mortgage on real property located in Naples, Florida.
Defendants Owen Bedasee, et al., defaulted on or about September 1,
2007, with a remaining balance of $433,462, plus interest, late
charges, and expenses.  On April 16, 2008, summary judgment was
granted in the amount of $461,863, plus attorney's fees.  On June
13, 2008, a Final Judgment of Foreclosure was entered on the
docket, and the foreclosure was scheduled.  The sale was cancelled
and rescheduled numerous times upon motion by plaintiff, and on
November 17, 2008, defendant Sandie Bedasee filed a Suggestion of
Bankruptcy prompting a further cancellation.

The case is FREMONT INVESTMENT & LOAN COMPANY, Plaintiff, v. OWEN
BADESEE, the unknown spouse of Owen Badasee a/k/a Owen Bedasee, if
living, including any unknown spouse or said defendant(s), if
remarried, and if deceased, the respective unknown heirs, devisees,
grantees, assignees, creditors, lienors, and trustees, and all,
SANDIE BEDASEE, the unknown spouse of Sandie Bedasee, UNKNOWN
TENANT #1, UNKNOWN TENANT #2, and MORTGAGE ELECTRONIC REGISTRATION
SYSTEMS, INC., as nominee for Fremont Investment & Loan,
Defendants, CASE NO. 2:15-CV-501-FTM-29MRM.

A full-text copy of the Opinion and Order dated October 21, 2015 is
available at http://is.gd/0YOAdvfrom Leagle.com.

Fremont Investment & Loan Company, Plaintiff, represented by Daniel
C. Consuegra, Esq. -- dan.consuegra@consuegralaw.com -- Law Offices
of Daniel C. Consuegra, PL, Daniel Hurtes, Esq. --
DHurtes@BlankRome.com -- Blank Rome, LLP & Laura Layne Walker, Esq.
-- Laura@gilbertgrouplaw.com -- Gilbert Garcia Group, PA.


GENERAL NUTRITION: Moody’s Affirms Ba3 Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service today revised General Nutrition Centers,
Inc.'s ("GNC") rating outlook to stable from positive and affirmed
the company's ratings, including the Ba3 Corporate Family Rating,
Ba3-PD Probability of Default Rating, and Ba2 ratings on the
secured credit facilities. GNC's SGL-1 Speculative Grade Liquidity
rating is unchanged.

"The outlook change to stable reflects GNC's announcement that it
expects to repurchase an additional $200 million in shares in the
open market before the end of 2015 and that as a result of this
activity, it will exceed its previously-announced targeted net
leverage range of 3.2 to 3.4 times," stated Moody's Assistant Vice
President -- Analyst Michael Zuccaro. "Operating performance, while
showing sequential improvement, has also been slightly below our
expectations. Therefore we now expect that debt/EBITDA, per our
calculation, will modestly increase over the current level of 3.6
times."

Outlook Actions:

Issuer: General Nutrition Centers, Inc.

-- Outlook, Changed To Stable from Positive

Affirmations:

Issuer: General Nutrition Centers, Inc.

-- Corporate Family Rating at Ba3

-- Probability of Default Rating at Ba3-PD

-- Senior Secured Bank Credit Facilities at Ba2(LGD3)

GNC's Ba3 Corporate Family Rating is supported by the company's
well-known brand name in its target markets along with Moody's
favorable view of the vitamin, mineral, and nutritional supplement
("VMS") category, which accounts for about one-third of GNC's
consolidated revenues. Following recent sales declines, Moody's
anticipates that operating performance will modestly improve over
the next twelve months as GNC focuses on realigning its pricing and
promotional cadence. In addition, Moody's expects the company to
prioritize product innovation in order to grow brand equity over
time. The rating also reflects GNC's relatively stable credit
metrics, with moderate debt/EBITDA of around 3.6x as of September
30, 2015 and solid interest coverage (EBIT to interest) of 4.2x.
The company did not announce how it plans to fund the incremental
share repurchases, but Moody's believes a combination of cash, cash
flow and, potentially, modest borrowing, is likely. GNC indicated
the share repurchases are being driven by its view that the share
price is undervalued.

Key credit concerns include GNC's sizable concentration in sports
nutrition, which is a much more limited product segment with a
relatively smaller target market than the VMS product category.
Also considered is the potential risk arising from adverse
publicity and product liability claims with regard to certain
products sold by GNC, particularly diet products and herbs, two
faddish product categories that are more exposed to such product
liability risks and earnings volatility.

The SGL-1 speculative-grade liquidity rating reflects GNC's very
good liquidity supported by its internal sources of cash, projected
free cash flow, and undrawn $130 million revolving credit facility
expiring in March 2017. GNC had approximately $164 million of cash
as of September 30, 2015 and Moody's projects free cash flow over
the next 12 months will exceed $200 million. The company has no
material debt maturities until the March 2017 expiration of its
revolver. Moody's also expects ample cushion within the 4.25x
maximum debt-to-consolidated EBITDA springing revolver covenant.
There are no financial maintenance covenants in the term loan.

The stable outlook incorporates Moody's view that that GNC's
operating performance will modestly improve, benefitting from its
highly regarded brand and positive demographic trends. The stable
outlook also reflects Moody's expectation that GNC will maintain
financial policies that support credit metrics remaining at levels
appropriate for its Ba3 rating.

GNC's ratings could be upgraded over time if the company
demonstrates stable growth while maintaining strong operating
margins in the mid-teens. An upgrade would require that GNC
continue to adhere to a financial policy that would support
debt/EBITDA sustained below 3.5x.

Ratings could be downgraded if the company were to see a material
decline in sales trends or if operating margins were to erode,
either through a weakening competitive profile or material
product-related risks. Ratings could also be lowered if the
company's financial policies were to become aggressive, such as
maintaining higher leverage due to increased shareholder friendly
activities, or if liquidity were to materially erode, for instance,
through the inability to extend the revolver beyond the current
expiration date in March 2017. Quantitatively, a ratings downgrade
could occur if it appears that debt/EBITDA will rise above 4.5x or
EBIT/Interest fall near 2.5x on a sustained basis.

General Nutrition Centers, Inc., ("GNC") headquartered in
Pittsburgh, PA, manufactures and retails vitamins, minerals,
nutritional supplements domestically and internationally. About 75%
of its revenue is generated by over 3,500 company owned stores and
website. It also has nearly 3,200 franchise locations in the U.S.
and over 50 countries that generate about 15% of its revenue, and
2,300 stores within-a-stores with Rite Aid. Total revenues are
about $2.6 billion.



GETTY IMAGES: Moody’s Lowers Corporate Family Rating to Caa1
--------------------------------------------------------------
Moody's Investors Service downgraded Getty Images, Inc.'s Corporate
Family Rating one notch to Caa1 from B3 and the Probability of
Default Rating to Caa1-PD from B3-PD reflecting Moody's view that
the company will need more time than previously expected to improve
credit metrics, including leverage and free cash flow. Moody's also
downgraded the company's senior secured credit facilities to B3 and
the senior unsecured notes to Caa3. In addition, the company
announced plans to issue $252.5 million of new 10.5% senior secured
notes in exchange for $100 million of cash plus roughly $240
million of existing 7% senior unsecured notes representing a 36%
discount to face value. Moody's views this transaction as a
distressed exchange and will assign a "Limited Default" or "LD" to
the company upon closing. The LD designation will be removed in
three days. The rating outlook is changed to stable from negative.

Issuer: Getty Images, Inc.

-- Downgrades:

-- Corporate Family Rating ("CFR"): Downgraded to Caa1 from B3

-- Probability of Default Rating ("PDR"): Downgraded to Caa1-PD
    from B3-PD

-- Sr Secured 1st lien Term Loan due 2019: Downgraded to B3, LGD3

    from B2, LGD3

-- Sr Secured 1st lien Revolving Credit Facility due 2017:
    Downgraded to B3, LGD3 from B2, LGD3

-- $550 million Senior Unsecured Notes due 2020: Downgraded to
    Caa3, LGD6 from Caa2, LGD6

-- Outlook Actions:

-- Outlook changed to Stable from Negative

RATINGS RATIONALE

The downgrade of Getty Images' corporate family rating to Caa1
reflects Moody's updated projections indicating excessive leverage
with debt-to-EBITDA exceeding 9.0x (including Moody's standard
adjustments) through the end of 2016 as a result of high single
digit percentage revenue declines in the company's Midstock segment
for FY2015 and free cash flow-to-debt of less than 1% over the next
12 months. As a result, the company will need more time to
turnaround operating performance sufficiently to restore credit
metrics to be in line with a higher debt rating. To the extent the
company completes its note exchange as planned, leverage would
increase slightly and annual free cash flow would erode by roughly
$10 million from higher interest payments. Although cash balances
would increase initially by roughly $90 million post-transaction,
planned funding of growth investments and higher debt service will
leave the company with only adequate liquidity and limited ability
to reduce debt balances over the next 18 months. Getty expects
targeted growth investments to enhance revenue and EBITDA; however,
Moody's believes timing and the extent to which these benefits will
be realized is uncertain. Moody's also views the company as having
greater risk related to its financial policies as we believe
Getty's growth investments should be funded with equity capital
given the company's current high leverage. Incorporating
preliminary results through September 2015, Moody's expects revenue
to increase in the low-single digit percentage range over the next
12-18 months; however, we do not expect EBITDA to grow until after
2016 due to targeted investments. The company has an undrawn
revolver maturing in 2017 and a $1.85 billion covenant-lite term
loan maturing in 2019, followed by the note maturity in 2020.
Moody's believes an orderly refinancing of the debt facilities will
require debt-to-EBITDA closer to 6.5x, similar to leverage at
closing of the October 2012 buyout by Carlyle. Risk of another
distressed exchange remains high to the extent the company is not
able to perform in line with its operating plan.

The stable rating outlook reflects Moody's expectations that
revenue will grow in the low single-digit percentage range over the
next 18 months and that debt-to-EBITDA will remain elevated over
this period due to an increase in SG&A from planned growth
investments. The outlook incorporates free cash flow-to-debt of
less than 1% (including Moody's standard adjustments) over the next
12 months reflecting extraordinary tax payments and increased
capital spending related to targeted investments. Ratings could be
downgraded if operating performance tracks below Moody's
expectations or if we believe the company will not be able to
reduce leverage sufficiently to refinance the term loan in advance
of its 2019 maturity in an orderly fashion. Ratings could also be
downgraded if liquidity deteriorates or the company issues
additional debt in excess of nominal levels. While unlikely in the
next 18 months, ratings could be upgraded if the company
demonstrates stability in Midstock revenue, free cash flow-to-debt
improves to the mid single digit percentage range, and
debt-to-EBITDA is sustained comfortably below 6.0x (including
Moody's standard adjustments). Moody's would also need assurances
that the company will be able to refinance near term maturities in
an orderly fashion.

Headquartered in Seattle, WA, Getty Images, Inc. is a leading
creator and distributor of still imagery, video and multimedia
products, as well as a recognized provider of other forms of
premium digital content, including music. The company was founded
in 1995 and provides stock images, music, video and other digital
content through gettyimages.com and iStockphoto.com. In 2012, The
Carlyle Group completed the acquisition of a controlling indirect
interest in Getty Images in a transaction valued at approximately
$3.3 billion. The Carlyle Group owns approximately 51% of the
company with a trust representing certain Getty family members
owning approximately 49%. Revenue totaled $827 million for the 12
months ended June 30, 2015.



GLOBO PLC: Moody's Withdraws B2 CFR Due to Lacking Information
--------------------------------------------------------------
Moody's Investors Service has withdrawn Globo plc's B2 corporate
family rating and B1-PD probability of default rating (PDR) and the
provisional (P)B2 instrument rating on the USD180 million Senior
Secured Notes that were planned to be issued by Globo Mobile Inc.

RATINGS RATIONALE

On Oct. 26, 2015, Globo announced that at a Board meeting held on
Oct. 24, 2015, Costis Papadimitrakopoulos, the Chief Executive
Officer of the company until his resignation on that day, brought
to the attention of the Board certain matters regarding the
falsification of data and the misrepresentation of the company's
financial situation.  Following the meeting and receipt of legal
advice, a committee of the board was set up, comprising the
non-executive Directors only (the Committee).  The Committee has
initiated discussions with appropriate advisers in relation to the
next steps and to ascertain the true financial position of the
company.

Earlier on Oct. 21, 2015, Globo announced that it has postponed the
proposed issue of the Notes due to market conditions.

Moody's has withdrawn the rating because it believes it has
insufficient or otherwise inadequate information to support the
maintenance of the rating.

Headquartered in Palo Alto, USA, and Athens, Greece, and listed
since 2007 on AIM in London, UK, Globo is a provider of enterprise
and consumer mobility solutions.


GT ADVANCED: Creditor Says Exclusivity Extension Would Cost Estate
------------------------------------------------------------------
Carmen Germaine at Bankruptcy Law360 reported that creditor PC
Connection Sales Corp. urged a New Hampshire bankruptcy judge on
Oct. 26, 2015, to deny former Apple Inc. screen-manufacturing
partner GT Advanced Technologies Inc.'s bid to extend the period in
which it can file a reorganization plan, saying an extension would
likely cost the estate $15 million.

PC Connection, an IT service provider that holds a $16,278
administrative claim and a $210,954 unsecured claim against the GT
estate, told U.S. Bankruptcy Judge Henry Boroff that the bankrupt
sapphire manufacturer shouldn't get another extension.

                         About GT Advanced

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

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

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

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

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

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

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

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

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


HEALTH DIAGNOSTIC: Ex-CEO Fights Government's Fraud Scheme Lawsuit
------------------------------------------------------------------
John Reid Blackwell at Richmond Times-Dispatch reports that Health
Diagnostic Laboratory Inc. co-founder and former CEO Tonya S.
Mallory filed on Nov. 3, 2015, a motion in the U.S. District Court
in South Carolina seeking dismissal of a federal lawsuit accusing
her of participating in a scheme to defraud the government.

According to Times-Dispatch, Ms. Mallory argues that the lawsuit by
the U.S. Department of Justice fails to give any specific facts
showing that she knowingly and willfully participated in a
conspiracy.  "The United States may not maintain a fraud claim
against an officer of a company, such as a CEO, solely on the basis
that the CEO was the leader of the company where others in the
company took the specific steps to commit the alleged fraud," Ms.
Mallory says in court documents.

Times-Dispatch quoted Ms. Mallory as saying, "I was not trying to
take advantage of the healthcare system.  I never thought any of my
business strategies were fraudulent.  In fact, our external lawyers
were involved in every legal document and process."

Times-Dispatch relates that the government's claims against Ms.
Mallory stem from three whistle-blower lawsuits filed in federal
court in 2011, which claimed that the Company and other companies
had paid kickbacks to health care providers to obtain blood-testing
business.  According to the report, the federal government
intervened in the cases in August 2015, accusing Ms. Mallory and
other defendants of concocting a "kickback scheme" in which they
offered or paid health care providers $80 million in sham
"processing fees" as an inducement to conduct blood tests.

Times-Dispatch recalls that Ms. Mallory resigned abruptly in
September 2014 to take another job, two months after the Company
confirmed that it was cooperating in a federal government
investigation of reimbursement practices in the clinical laboratory
industry.  The report says that the Company agreed in April 2015 to
pay almost $50 million to settle the government's accusations
against the Company, without admitting wrongdoing, but Ms. Mallory
did not settle.  

Times-Dispatch reports that other defendants in the lawsuit
included Floyd Calhoun Dent III and Robert Bradford Johnson, the
founders and co-owners of the Company's former contract sales
company, BlueWave Healthcare Consultants Inc.  The report says that
the government claims the scheme defrauded federal health insurance
programs of hundreds of millions of dollars, the report says.

                      About Health Diagnostic

Health Diagnostic Laboratory, Inc., Central Medical Laboratory,
LLC, and Integrated Health Leaders, LLC, are health care businesses
based in Richmond, Virginia.  HDL is a blood testing company.

Health Diagnostic Laboratory, Inc. (Bankr. E.D. Va. Case No.
15-32919) and affiliates Central Medical Laboratory, LLC (Bankr.
E.D. Va. Case No. 15-32920) and Integrated Health Leaders, LLC
(Bankr. E.D. Va. Case No. 15-32921) filed separate Chapter 11
bankruptcy petitions on June 7, 2015.  The petitions were signed by
Martin McGahan, chief restructuring officer.  The Company disclosed
$96,130,468 in assets and $108,328,110 in liabiities as of the
Chapter 11 filing.

Justin F. Paget, Esq., Tyler P. Brown, Esq., Jason W. Harbour,
Esq., and Henry P. (Toby) Long, III, Esq. At Hunton & Williams LLP
serve as the Debtors' bankruptcy counsel.  Alvarez & Marsal is the
Debtors' financial advisor.  Robert S. Westermann, Esq., at
Hirshler Fleisher, P.C., serve as the Debtors' conflicts counsel.
American Legal Claims Services, LLC, is the Debtors' claims,
noticing and balloting agent.

Ettin Group, LLC, will market and sell the miscellaneous equipment

and other assets.  MTS Health Partners, L.P., serves as investment

banker.

The Official Committee of Unsecured Creditors retained Cooley LLP
as its counsel, Protiviti Inc. as its financial advisor.


HOLY GUACAMOLE: Case Summary & 2 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Holy Guacamole, Inc.
        705 Town Blvd., Suite 310
        Atlanta, GA 30319

Case No.: 15-71363

Chapter 11 Petition Date: November 4, 2015

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Mathew A. Schuh, Esq.
                  BUSCH WHITE & NORTON, LLP
                  3330 Cumberland Blvd., Suite 300
                  Atlanta, GA 30339-3169
                  Tel: (770) 790-3550
                  Fax: (770) 790-3520
                  Email: mschuh@bssfirm.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Leigh Catherall, president/CEO.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/ganb15-71363.pdf


HUTCHESON MEDICAL: Chickamauga City Sets Eyes on Closed Clinic
--------------------------------------------------------------
Timesfreepress.com reports that the City of Chickamauga has decided
to buy the Chickamauga Family Practice, the local clinic that
Hutcheson Medical Center closed down on Oct. 15, 2015, for for
$350,000.

Timesfreepress.com relates that the Walker County Development
Authority voted in October to acquire the clinic, but Chickamauga
Mayor Ray Crowder said city officials decided they should be the
ones to own it.  The report quoted Mayor Crowder as saying, "We
just felt like it was the thing to do.  It's in Chickamauga.  We
just thought it would be good for us to have it and make citizens
here feel better about it.  It's a real good opportunity for us to
take it."

Timesfreepress.com recalls that the clinic was shut down when
Hutcheson Medical reduced several services and laid off about 70
workers as a cost-cutting measure.

                  About Hutcheson Medical Center

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

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

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

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

The Debtors' Chapter 11 Plan and Disclosure Statement are due
March 20, 2015.

HMC disclosed $32.8 million in assets and $52.9 million in
liabilities as of the Chapter 11 filing.

No request has been made for the appointment of a trustee or
examiner.


ILDEFONSO MARTINEZ SANTIAGO: Case Converted to Ch. 7
----------------------------------------------------
Judge Enrique S. Lamoutte of the United States Bankruptcy Court for
the District of Puerto Rico granted creditor LSREF2 Island
Holdings, LTD.'s motion to convert the Chapter 11 case of Ildefonso
Martinez Santiago to a case under Chapter 7 of the Bankruptcy
Code.

The case is IN RE: ILDEFONSO MARTINEZ SANTIAGO, Chapter 11, Debtor,
CASE NO. 15-06132 (ESL)(Bankr. D.P.R.).

A full-text copy of the Opinion and Order dated October 9, 2015 is
available at http://is.gd/hUy1XOfrom Leagle.com.

Ildefonso Martinez Santiago, Debtor, represented by Mary Ann
Gandia.


INTEGRATED INFORMATION: Dismissal of ABN's Claims Affirmed
----------------------------------------------------------
The Court of Appeals of Arizona, Division One, affirmed the
superior court's orders dismissing ABN Investments, LLC's claims
against James and Julie Garvey as time-barred and denying the
motion for a new trial.

Beginning in 2002, Integrated Information Systems, Inc., borrowed
money from Anchorbank, FSB, ultimately totaling more than $5
million.  James Garvey signed the loan documents as CEO of IIS.
The Garveys also each signed a personal guaranty, agreeing to pay
Anchorbank up to $1 million of the loan obligations "when due" or
"at the time [IIS] becomes the subject of bankruptcy or other
insolvency proceedings."

In 2005, Anchorbank sued IIS and the Garveys for non-payment on the
loan.  In May 2006, while Anchorbank's suit was pending, IIS
entered involuntary bankruptcy, which became a Chapter 11
reorganization in August 2006.  Also in August 2006, and with the
Garveys' consent, Anchorbank assigned the loan and guaranty to ABN.
ABN agreed to conditionally release the Garveys from the 2002
guaranty upon the completion by IIS of certain conditions related
to the bankruptcy, and Anchorbank dismissed its claims against the
Garveys without prejudice. The record does not indicate these
agreements included a provision purporting to toll the applicable
limitations period for a claim by Anchorbank or its successors
against the Garveys on the 2002 guarantee.

The bankruptcy court confirmed IIS' Chapter 11 plan of
reorganization in a May 2007 order. In a September 2008 motion for
entry of final decree, IIS avowed it had complied with the plan of
reorganization, including payments, resolution of contested matters
and completion of the conditions necessary to release the Garveys
from the guaranty. The bankruptcy court entered its final decree
and closed the bankruptcy. No appeal was taken from that decree.

In October 2011, at a time when the bankruptcy court's final decree
was in place, ABN sued the Garveys for breach of the 2002 guaranty.
In May 2013, that suit was placed on the inactive calendar and was
then dismissed without prejudice off of the inactive calendar in
December 2013. In May 2013, the bankruptcy court found IIS and the
Garveys failed to comply with the terms of the reorganization plan,
and converted the matter into a Chapter 7 liquidation. This May
2013 bankruptcy order voided IIS' Chapter 11 plan of
reorganization, thereby reinstating IIS' repayment obligation to
ABN for the full balance of the loan.

In July 2013, even though ABN's October 2011 suit against the
Garveys for breach of the 2002 guaranty was pending, ABN filed this
suit against the Garveys for breach of the 2002 guaranty, including
the implied obligation of good faith and fair dealing. The Garveys
moved to dismiss, arguing ABN's claims were barred by the statute
of limitations and their guaranty obligations had been released.
ABN's opposition argued its claim did not accrue before May 2013:
"Prior to May 1, 2013, ABN had no claims against the Garveys"
because before that date it was not yet impossible to fulfill the
terms of the guaranty waiver. Thus, ABN argued its claim accrued on
May 1, 2013.

After full briefing, the superior court granted the motion to
dismiss, finding the Garveys' obligations on the 2002 guaranty
accrued: (1) by November 2005 for failure to make required
payments; and (2) by May 2006, at the latest, when IIS was placed
in bankruptcy. Using a six-year limitations period contained in
Arizona Revised Statutes (A.R.S.) section 12-548 (2015),3 the court
concluded that the payment obligations in "the underlying loan and
guaranty agreements became due more than six years prior to the
filing of this action" but were not paid "and as a consequence are
barred by the applicable statute of limitation." The court also
noted that the conditions of the 2006 conditional release "were met
more than six years prior to the filing of the present action."

ABN filed a timely motion for new trial, challenging the superior
court's ruling and arguing, for the first time, that equitable
tolling meant the claims were timely and equitable estoppel
prevented the Garveys from arguing the claims were time barred. ABN
did not argue, however, that the 2005 suit by Anchorbank or the
2011 suit by ABN tolled the limitations period under A.R.S. Section
12-504. The superior court denied the motion for new trial. This
court has jurisdiction over ABN's timely appeal pursuant to the
Arizona Constitution, Article 6, Section 9, and A.R.S. Section
12-120.21(A)(1).

The case is ABN INVESTMENTS, LLC, an Arizona limited liability
company, Plaintiff/Appellant, v. JAMES G. GARVEY, JR. and JULIE
LYNN GARVEY, husband and wife, Defendants/Appellees, NO. 1 CA-CV
14-0616.

A full-text copy of the Memorandum Decision dated October 20, 2015
is available at http://is.gd/vKe300from Leagle.com.

Plaintiff/Appellant is represented by Stewart Halstead, Esq. -- R.
Stewart Halstead, P.C.

Defendants/Appellees are represented by Dennis L. Hall, PLLC.


JOHN AREHART: Court Okays Nov. 18 Auction of 1000 Acres Ranch
-------------------------------------------------------------
The Bankruptcy Court has authorized the auction of John J.
Arehart's 1000 Acres Ranch and related assets to cover his debts,
court documents say.

Scott Donnelly at Poststar.com reports that the auction, which will
be held on Nov. 18, 2015, is being handled by Tranzon Auction
Properties.  

Michael Foster, the auctioneer/broker in charge of the sale, said
that in addition to the property itself, equipment used to maintain
the ranch will also be sold, Poststar.com relates.  There has been
interest in advance of the auction, the report states, citing Mr.
Foster.

Court documents say that Glens Falls National Bank holds a $750,000
mortgage on the property, while Santander Consumer Finance holds a
$75,000 mortgage on the property

John J. Arehart filed for Chapter 11 bankruptcy protection (Bankr.
N.D.N.Y. Case No. 15-11894) on Sept. 17, 2015.  Scott Donnelly at
Poststar.com says that Mr. Arehart disclosed more than $2.12
million in total liabilities and more than $2.53 million in assets.


KRISHNA ASSOCIATES: Files for Chapter 11 Bankruptcy Protection
--------------------------------------------------------------
Krishna Associates, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. E.D. Tex. Case No. 15-50148) on Nov. 3, 2015, estimating
its assets and liabilities at between $1 million and $10 million.
The petition was signed by Hiren Patel, president.

TXK Today reports that the Company filed for bankruptcy to stop the
foreclosure sale of a Texarkana, Texas hotel scheduled on that day.
The report says that Midsouth Bank was to sell the property to the
highest bidder.  

According to TXK Today, Mr. Patel, his wife Nila, and Patel-owned
company Texarkana Hotels, LLC, are named as defendants in a
complaint that Midsouth Bank filed on Oct. 30, 2015, for the
foreclosure on Arkansas Convention Center.  Court documents say
that Texarkana Hotels and the Patels have defaulted on more than
$10 million in loans secured in 2012.  

TXK Today relates that Midsouth Bank sent notices concerning the
defaults to the defendants on  June 24, 2015, but when the
defendants failed to cure the default "within the time and manner
required by the June 24, 2015 letters," the bank went forward with
an acceleration of the loans.  TXK Today says that the June letters
indicate payments were more than $36,000 delinquent on the smaller
loan and more than $80,000 on the larger one at that time.
Midsouth Bank claims it notified the defendants on Oct. 15, 2015,
that the entire loan balances are now due because of default, the
report adds.

Midsouth Bank, according to TXK Today, is asking for a judgment
against the defendants for interest from Oct. 15 to the time of the
judgment and for attorney fees and court costs.

Judge Brenda T. Rhoades presides over the case.

Bill F. Payne, Esq., at The Moore Law Firm, L.L.P, serves as the
Company's bankruptcy counsel.

Headquartered in Texarkana, Texas, Krishna Associates, LLC, is
owned and managed by Texarkana doctor Hiren Patel.  It owns Country
Inn and Suites and an adjacent vacant lot in Texarkana, Texas.


LA SABANA: Case Summary & 3 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: La Sabana Development LLC
        680 Cesar Gonzalez Avenue, Suite 102
        San Juan, PR 00918

Case No.: 15-08743

Chapter 11 Petition Date: November 4, 2015

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

Debtor's Counsel: Hector Eduardo Pedrosa Luna, Esq.
                  THE LAW OFFICES OF HECTOR EDUARDO PEDROSA LUNA
                  PO Box 9023963
                  San Juan, PR 00902-3963
                  Tel: 787-920-7983
                  Fax: 787-754-1109
                  Email: hectorpedrosa@gmail.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Cleofe Rubi-Gonzalez, president.

List of Debtor's Three Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Mora Development Corp.                                 $509,487
PO Box 362708
San Juan PR 00936-2708

Hacienda Marquez Development Group                     $130,000

CRIM                                                    $91,661


LIFE PARTNERS: Ch. 11 Trustee Hits Sales Team With $92M Clawback
----------------------------------------------------------------
Pete Brush at Bankruptcy Law360 reported that Life Partners
Holdings Inc. Chapter 11 trustee H. Thomas Moran II on Oct. 28,
2015, hit 30 defendants with a $92 million fraudulent transfer
suit, accusing them of fibbing about the value of policies
controlled by the bankrupt life insurance concern as they sold
interests to investors.

The top-grossing seller, defendant James Sundelius, took in more
than $13.1 million in fees and commissions, according to the
adversary proceeding, which claims fraudulent transfers.

                     About Life Partners

Headquartered in Waco, Texas, Life Partners Holdings, Inc. --
http://www.lphi.com/-- is the parent company engaged in the   
secondary market for life insurance, commonly called "life
settlements."  Since its incorporation in 1991, Life Partners,
Inc. has completed over 162,000 transactions for its worldwide
client base of over 30,000 high net worth individuals and
institutions in connection with the purchase of over 6,500
policies
totaling over $3.2 billion in face value.

LPHI is a publicly traded company incorporated in Texas and its
common stock has been delisted from the NASDAQ (formerly trading
under the symbol LPHI).

Life Partners Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 15-40289) on Jan. 20,
2015.

The case is assigned to Judge Russell F. Nelms.  J. Robert
Forshey, Esq., at Forshey & Prostok, LLP, serves as counsel to the
Debtor.

LPHI disclosed $2,406,137 in assets and $52,722,308 in liabilities
as of the Chapter 11 filing.

The official committee of unsecured creditors formed in the case
tapped Munsch Hardt Kopf & Harr, P.C., as counsel.

Tracy A. Bolt of BDO USA, LLP was named as examiner for the
Debtor's case.  At the behest of the U.S. Securities and Exchange
Commission, the U.S. Trustee, and the Creditors Committee, the
Court ordered the appointment of a Chapter 11 trustee.  On March
13, 2015, H. Thomas Moran II was appointed as Chapter 11 trustee
in LPHI's case.  The trustee is represented by Thompson & Knight
LLP.

The Chapter 11 trustee signed Chapter 11 bankruptcy petitions for
LPHI's subsidiaries on May 19, 2015: Life Partners Inc. (Case No.
15-41995) and LPI Financial Services, Inc. (Case No. 15-41996).

Life Partners is estimated to have $100 million to $500 million in
assets and more than $1 billion in debt.  LPI Financial estimated
less than $50,000.


LOGAN'S ROADHOUSE: Moody’s Affirms Caa3 Corporate Family Rating
-----------------------------------------------------------------
Moody's Investors Service changed Logan's Roadhouse, Inc.
Probability of Default Rating ("PDR") to Caa3-PD/LD from Caa3-PD
following the recent exchange of approximately $211 million of the
company's $355 million 10.75% senior secured notes due October 15,
2017. The debt was exchanged for approximately $112.6 million of
new 10.75% PIK Series 2015-1 notes and $109.7 million of 14.5%
(10.5% PIK) Series 2015-2 notes due October 16, 2017. Moody's
believes the exchange and subsequent deferral of cash interest
payments was to avoid both loss and default. The /LD designation
reflects Moody's view that the recent debt exchange constitutes a
distressed exchange. Moody's definition of default is intended to
capture events whereby issuers fail to meet debt service
obligations outlined in their original debt agreements. Moody's
will remove the /LD designation from the PDR in three days. Moody's
considers the deferral of cash interest to be a credit positive but
also believes the company's liquidity will remain weak given the
persistent deterioration in operating trends. As a consequence,
Moody's has also affirmed Logan's SGL-4 Speculative Grade Liquidity
rating reflecting weak liquidity. Moreover, Moody's views the
steady increase in total debt over time due to the Pay-in-kind
nature of exchange notes as a credit negative. As a result, Moody's
is affirming the company's Caa3 Corporate Family Rating and
maintaining a negative outlook.

Ratings affirmed are;

Corporate Family Rating, affirmed at Caa3

Probablility of Default Rating, affirmed at Caa3-PD/LD

$143.9 million senior secured notes due October 15, 2017,
affirmed at Caa3 (LGD4)

SGL-4 Speculative Grade Liquidity rating

The outlook is Negative

RATINGS RATIONALE

The negative rating outlook considers our view that without a
significant improvement in operating results, Logan's capital
structure is not sustainable in its current form, and may require a
restructuring that will likely involve some level of impairment.

The ratings could be downgraded if the likelihood of another
default increases, or if it violates the financial maintenance
covenant in the first-lien credit agreement. Additionally,
continued deterioration in operating metrics, including negative
guest traffic trends, could place pressure on the ratings.

The ratings could be upgraded if the company's liquidity profile
improves significantly. Additionally, positive ratings pressure
could develop if Logan's is able to improve same-store sales and
guest traffic at its existing restaurants on a sustainable basis
such that debt/EBITDA is sustained below 8.0x and EBITA/interest
expense is sustained above 1.0x.

Logan's Roadhouse, Inc., headquartered in Nashville, Tennessee,
owns and operates 235 and franchises 26 traditional American
roadhouse-style steakhouses in 23 states. Annual revenues are
approximately $610 million. Kelso & Company, L.P. owns
approximately 97% and management investors owns 3% of the capital
stock Roadhouse Holdings Inc., the parent holding company of
Logan's.



LONDON CALLING: Case Summary & 2 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: London Calling, Inc.
        804 Town Blvd., Suite 1010
        Atlanta, GA 30319

Case No.: 15-71362

Chapter 11 Petition Date: November 4, 2015

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Mathew A. Schuh, Esq.
                  BUSCH WHITE & NORTON, LLP
                  3330 Cumberland Blvd., Suite 300
                  Atlanta, GA 30339-3169
                  Tel: (770) 790-3550
                  Fax: (770) 790-3520
                  Email: mschuh@bssfirm.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Leigh Catherall, president/CEO.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/ganb15-71362.pdf


MANHATTAN 335 TOWER: Files for Chapter 11 Amid Lawsuit
------------------------------------------------------
Manhattan 335 Tower, Inc., sought Chapter 11 protection in New York
after a state court dismissed causes of actions filed against Three
35 W LLC, owner of a real property located at 335 West 35th Street,
New York.

According to Court documents, the Company, in February 2014,
entered into a purchase and sale agreement with Three 35 W relating
to the purchase of the Property for $43,050,000, including total
deposits of $11,175,000.  The Seller had terminated the Contract
after the Company failed to close on
July 11, 2014.

Court documents show that just recently, the Debtor was denied
relief in the State Court relating to efforts to challenge the
Seller's prior termination of the Contract for failure to close the
purchase of the Property.  On Oct. 30, 2015, the Debtor filed a
notice of appeal of the State Court decision.

The Debtor alleged that the Seller misrepresented certain
information in its filings with the Department of Buildings to
obtain permits to convert the Property to a 12-story mixed-use
residential building.

"A revocation of the Building Permit negates the validity of the
existing Certificate of Occupancy as a mixed-use residential
building, and would render the Contract unenforceable and tainted
by fraud and misrepresentation," said Tim Ziss, manager of 325
Broadway LLC, a preferred shareholder of the Debtor having full
management control.

Manhattan 335 intends to couple the Chapter 11 case with the filing
of a notice to remove the pending State Court litigation to the
Bankruptcy Court for all further proceedings relating to the
Seller's alleged misrepresentation regarding permit.

"The Chapter 11 is necessary to preserve the status quo," said Mr.
Ziss.  He added there is legitimate bankruptcy purpose served by
the Chapter 11 filing since the Debtor borrowed significant sums
from purported investors in the Asian community to establish the
contract deposits.  As a result, he said, the Debtor has potential
creditors whose claims will be forfeited without the intervention
of the Bankruptcy Court.

"If the Debtor is successful in its motion for reconsideration, it
can purchase the Property with an abatement in the purchase price,
or recoup the deposit and pay creditors under a Chapter 11 plan,"
Mr. Ziss maintained.

                    About Manhattan 335 Tower

Manhattan 335 Tower, Inc. filed Chapter 11 bankruptcy petition
(Bankr. E.D.N.Y. Case No.: 15-74693) on Nov. 3, 2015.  The petition
was signed by Tim Ziss as authorized signatory.  The Debtor
estimated both assets and liabilities in the range of $10 million
to $50 million.  

The Debtor has engaged Goldberg Weprin Finkel Goldstein LLP as
counsel.

Judge Louis A. Scarcella is assigned to the case.


MERITAGE HOMES: 9th Circ. Upholds JPMorgan's $15M Win in Loan Row
-----------------------------------------------------------------
Y. Peter Kang at Bankruptcy Law360 reported that the Ninth Circuit
on Oct. 26, 2015, affirmed JPMorgan Chase Bank NA's $15.7 million
win in a suit filed against Meritage Homes Corp. over repayment of
a loan given to a bankrupt real estate developer, saying the bank's
subagent Insolvency Services Group Inc. had standing to pursue
JPMorgan's claims.

A three-judge Ninth Circuit panel shot down Meritage's contention
that the sale of JPMorgan and other lenders' interests in a failed
real estate venture to ISG stripped the parties of standing, citing
the U.S. Supreme Court's 2008 ruling.

As reported by the Troubled Company Reporter on Oct. 21, 2015,
Standard & Poor's Ratings Services said it revised its rating
outlook on Meritage Homes Corp. to positive from stable.  At the
same time, S&P affirmed its 'BB-' corporate credit rating and
unsecured debt ratings on the company.  The recovery rating is a
'3', reflecting S&P's expectation of meaningful (50% to 70%; at the
lower end of the range) recovery in the event of default.

The outlook is positive based on S&P's view that Meritage should
continue to increase EBITDA through an expanding community count
that will drive further improvement in its credit measures.

"We expect U.S. housing starts will improve by about 10% over the
next 12 months, a level that will support our growth forecast for
Meritage," said Standard & Poor's credit analyst Thomas O'Toole.
"The outlook revision also reflects our understanding that
management is committed to achieving and maintaining better credit
measures in this time frame."

S&P would consider an upgrade if the company can maintain debt to
EBITDA below 3x and funds from operations to debt of at least 20%.
This could result in the removal of the unfavorable comparative
rating analysis.

S&P would revise the outlook to stable if the tight labor markets
or other adverse conditions result in slower than expected EBITDA
growth, such that leverage remains above 3x EBITDA.


MISSION HOSPITAL: Moody’s Lowers Bond Rating to Ba2, Outlook Neg.
-------------------------------------------------------------------
Moody's Investors Service downgrades Mission Hospital's (d.b.a
Mission Regional Medical Center, "MRMC") bond rating to Ba2 from
Baa3 assigned to $29.2 million of rated debt outstanding issued by
Hidalgo County Health Services Corporation, TX. The outlook is
revised to negative from stable.

SUMMARY RATING RATIONALE

The downgrade to Ba2 reflects an unexpected reduction in Texas
Medicaid supplemental payments (additional reimbursement for
hospitals with high levels of Medicaid and uninsured patients) for
services provided by the hospital during fiscal years 2014 and
2015. MRMC has projected that it will violate its rate covenant
when the FY 2015 audit is released and we expect more narrow
coverage going forward. The reduction in supplemental funding
resulted in a material, one-time write-down of receivables in the
3rd quarter of FY 2015, abating our expectations for better
performance and improved liquidity in FY 2015. The rating also
reflects the weaker performance during the first nine months of FY
2015 (when excluding the one-time adjustment) which is a departure
from earlier trends and a negative variance to budget.

These challenges are offset by management's engagement of
consultants to improve performance, a low risk debt profile and
limited demands on liquidity given the absence of a defined benefit
pension plan, interest rate derivatives and low capital spending
over the near term. MRMC also maintains an essential role as the
safety net system in the fast growing primary service area of
McAllen-Edinburg-Mission. High growth and minimal barriers to entry
have driven the competitive climate with a number of for-profit
providers and entrepreneurial physicians seeking more of the
commercially insured volumes.

OUTLOOK

The negative outlook reflects our expectations of weaker financial
performance and debt service coverage in FY 2016 given the
reductions in Medicaid supplemental payments. While demands on
liquidity largely pertain to operations and debt service, the
negative outlook also speaks to pressure on unrestricted cash and
investments going forward given the lower funding.



MORGAN HILL PARTNERS: New Plan to Be Funded by $17.4M Sale of Ranch
-------------------------------------------------------------------
Morgan Hill Partners, LLC, which has a 2,380-acre ranch in Morgan
Hill, California, filed a new Chapter 11 plan that will be funded
by the $17.4 million sale of most of the ranch to County of Santa
Clara.  To give the owner more money to fund plan payments,
non-debtor entity Coyote Highlands LLP will simultaneously sell the
adjacent 467-acre Coyote Highlands Ranch to the County for $7.75
million.  Both entities are controlled by Manou Mobedshahi, the
sole member.

According to the Combined Plan and Disclosure Statement filed Oct.
23, 2015, in an unusual win-win scenario, the Plan permits payment
of the full amount owing to Vesta Lohrasb under her Marital
Settlement Agreement ("MSA") with her ex-husband, Mr. Mobedshahi
within 180 days while deferring taxes from the sale of assets as to
Mr. Mobedshahi.  Those assets will then be inherited tax free by
the adult children of the union when Mr. Mobedshahi passes away.
In a cash sale of the Coyote Canyon Ranch ("Ranch"), MHP would
generate no more than $17.4 million, leaving the balance of
obligations under the MSA and other creditors unpaid.

Under the Plan:

   * Priority and administrative claims will be paid in full in
cash on the Plan’s Effective Date unless they agree to another
treatment.

   * Vesta Lohrasb, who asserts a claim of $17.8 million for debt
owed to her pursuant to a marital settlement agreement with her
ex-husband and MHP owner, Manouchehr Mobedshahi, will receive
payment in full for the value of her interest in the Ranch and all
other amounts owing to her under the MSA as follows: MHP shall sell
the Ranch and Manou Mobedshahi shall sell the related Coyote
Highlands Ranch (the "Highlands Property") to the County of Santa
Clara, subject to the right of Ms. Lohrasb to credit bid against
the Ranch only. MHP and Mr. Mobedshahi shall then conduct an
exchange pursuant to 26 U.S.C. §1031 of the combined proceeds of
both sales (which adds a net $4.6 million of proceeds from the
Highlands Property) for qualified income producing properties. Ms.
Lohrasb shall receive a first deed of trust against all exchange
properties, thereby acquiring a lien against assets against which
she does not currently hold a lien in which there will be an equity
cushion of at least 20%. MHP and Mr. Mobedshahi shall arrange cash
out financing and pay Ms. Lohrasb’s entire secured claim under
the MSA in full in cash within 180 days after date MHP acquires
title to the exchange properties. While no taxes are expected to be
incurred, Mr. Mobedshahi will be solely responsible to pay any
capital gain taxes associated with this transaction.

  * General Unsecured Creditors who hold Allowed Claims will
receive 5% of the face amount of their claims, without interest,
180 days after the Effective Date of the Plan.

  * The Members of MHP will retain their interests.

If the Plan cannot be confirmed, unless MHP elects to do so sooner,
MHP will bring a motion to value the Ranch and, upon the Court's
determination of value, proceed with a motion to approve sale of
the Ranch under 11 U.S.C. Sections 363(f)(3) and 363(f)(5), paying
all proceeds to Ms. Lohrasb at the close of escrow.  Ms. Lohrasb
will retain the right to credit bid the full amount of her debt in
any such sale pursuant to 11 U.S.C. section 363(k).

                            Sale Terms

The Coyote Canyon Ranch and the Highlands Property have been
marketed through broker listings and informally over the past five
years.  The County's offer, made in July 2015, is for $25,460,000
cash -- $17,410,000 for the Ranch and $7,750,000 for the Highlands
Property with a 15-day due diligence period.  On Sept. 15, 2015,
the Santa Clara Board of Supervisors approved, by a 4-0 vote, the
acquisition.  There have been no offers approaching the cash price
offered by Santa Clara County.

The Purchase and sale agreements for these deals have been
negotiated with the County, through their County Counsel.  The
Board approved the transaction at its public hearing on Oct. 20,
2015.

The Purchase and Sale Agreement for the MHP properties provides for
an effective date of Oct. 20, 2015.  All of the MHP property
(excepting approximately 1.8 acres) is being sold for a purchase
price of $17,410,000.  Since most of the due diligence has already
been completed by the County, the due diligence period will last
from Oct. 20, 2015 to Nov. 4, 2015.  The closing date will be set
upon five business days' written notice by MHP at any time between
Nov. 10, 2015 and Jan. 15, 2016, which closing date MHP expects to
have extended by an additional 60 days.  The closing will be on the
same date as the County's purchase of the Highlands Property, being
sold under a purchase and sale agreement with parallel terms.

MHP's sole member, Mr. Mobedshahi, has been making the required
payments for expenses of operation of the Ranch from his own
personal funds loaned to MHP.

The Debtor on Oct. 2, 2015 filed a proposed Chapter 11 plan that
contemplates the sale or exchange of its primary asset, the Coyote
Canyon Ranch, to pay its creditors and satisfy the lien against it
held by secured party Vesta Lohrasb.  The Plan offered Lohrasb
three options, with the first option offering Lohrasb $4,984,936 to
cure all arrears owing under the MSA, and a first deed of trust on
a qualified income producing property that will be purchased from
the proceeds of the sale of the Ranch.

A copy of the Combined Plan and Disclosure Statement filed Oct. 23,
2015, is available for free at:

   http://bankrupt.com/misc/Morgan_Hill_Hill_90_Plan_DS.pdf

                    About Morgan Hill Partners

Morgan Hill Partners, LLC, was formed in 1998 to hold title to the
Coyote Canyon Ranch, a 2,380-acre property located at 4030 E. Dunne
Avenue, Morgan Hill, California, some 25 miles south of San Jose,
California.  The Ranch includes ranch land, mitigation preservation
land, and undeveloped land with a residence.  MHP leases a
substantial portion of the ranch land to the Coyote Creek Land &
Cattle Co., LLC under a grazing lease which expires March 31,
2019.

MHP's sole member is Manouchehr Mobedshahi.  Mr. Mobedshahi and his
ex-wife, Vesta Lohrasb, purchased the Property in 1988 for
approximately $2.7 million.  The Property is valued at $18
million.

MHP sought Chapter 11 protection (Bankr. N.D. Cal. Case No.
15-50775) in San Jose, California, on March 6, 2015, to stop a
foreclosure sale pursued by Ms. Lohrasb, who was owed money by her
ex-husband under a marital settlement agreement.

The case is assigned to Judge Arthur S. Weissbrodt.

Michael W. Malter, Esq., at Law Offices of Binder and Malter, in
Santa Clara, California, serves as counsel.

The Section 341 meeting of creditors was commenced and concluded
April 8, 2015.


NBN CORPORATION: Case Summary & Largest Unsecured Creditor
----------------------------------------------------------
Debtor: NBN Corporation
        262 E Broadway
        Newport, TN 37821

Case No.: 15-51671

Chapter 11 Petition Date: November 4, 2015

Court: United States Bankruptcy Court
       Eastern District of Tennessee (Greeneville)

Debtor's Counsel: Wilson S. Ritchie, Esq.
                  RITCHIE & POWELL, P.C.
                  606 W. Main Street, Suite 200
                  Knoxville, TN 37902
                  Tel: (865) 524-5353
                  Fax: (865) 974-9615
                  Email: writchie@ritlaw.com

Total Assets: $8.45 million

Total Liabilities: $7.31 million

The petition was signed by Danny R. Caldwell, president.

The Debtor listed Wilmington Trust Company as its largest unsecured
creditor holding a claim of $7.31 million.

A copy of the petition is available for free at:

             http://bankrupt.com/misc/tneb15-51671.pdf


ORLANDO GATEWAY: Dec. 16 Hearing on Disclosure Statements
----------------------------------------------------------
In the chapter 11 cases of Nilhan Hospitality, LLC, and Orlando
Gateway Partners, LLC, Judge Karen of S. Jennemann of the U.S.
Bankruptcy Court for the Middle District of Florida has scheduled
an evidentiary hearing on Dec. 16, 2015, at 2:00 p.m. to consider
and rule on each of the disclosure statement explaining the three
competing plans have so far been filed in the Chapter 11 cases by:
(1) the Debtors, (ii) Good Gateway, LLC, and SEG Gateway, LLC, and
(iii) secured creditor SummitBridge National Investments IV LLC.

Objections to the proposed disclosure statements may be filed with
the Court at any time before or at the hearing.

As reported in the Oct. 1, 2015 edition of the TCR, debtors Nilhan
Hospitality and Orlando Gateway Partners are proposing a
reorganization plan that contemplates holding an auction to select
a new investor who will get 100% of the ownership and control of
the Debtors' properties in exchange for funding all plan payments.


Under the Plan, the existing membership interests of current owner
Chittranjan Thakkar will be extinguished, and the Debtor will issue
new membership interests through an auction sale with the new
capital being used to fund, in part, payments due under the Plan.
A copy of the Debtors' Disclosure Statement Sept. 18, 2015, is
available for free at:

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

In addition, Good Gateway and SEG Gateway have proposed a
reorganization plan for the Debtors that will let real estate
developer Carson Good take 100% of the ownership and control of the
Debtors' properties from current owner Chittranjan Thakkar in
exchange for funding all plan payments.  Prepetition, Good Gateway
and SEC had won $12 million judgments in a state court lawsuit
filed against the Thakkar and the Debtors but a sheriff's sale of
the assets was stayed by the bankruptcy filing of the Debtors.
The Reorganized Debtor will issue 100% of its membership interests
to a new limited liability company formed by Mr. Carson Good (such
company, "Newco") in exchange for Newco's commitment to fund all
plan payments.  A copy of the Disclosure Statement explaining the
GG and SEG Plan filed Aug. 19, 2015, is available for free at:

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

Third, secured creditor SummitBridge National Investments IV LLC
has proposed a reorganization plan the Debtors, intending to
facilitate a prompt sale of the Debtors' property and prompt
distributions to holders of claims.  The Debtors' assets will be
sold at an Auction that will be conducted on a date that is not
more than 65 days after the Effective Date. No bid will be accepted
unless it provides a cash payment at the closing adequate to pay
SummitBridge's secured claims in full.  A copy of the
SummitBridge's Disclosure Statement filed Sept. 18, 2015, is
available for free at:

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

                    About Orlando Gateway

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

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

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

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

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

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

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

                          *    *    *

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

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

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

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



PACIFIC GAS: Judge Wants Active Tense, Cartoons in Escrow Appeal
----------------------------------------------------------------
Beth Winegarner at Bankruptcy Law360 reported that the California
federal judge overseeing a Pacific Gas & Electric creditor's
bankruptcy appeal over the health of the utility's escrow account
ordered the parties on Oct. 28, 2015, to spell out their funding
issues with "no passive tense" -- and perhaps cartoons.

A frustrated U.S. District Court Judge William H. Alsup asked
creditor and appellant California Power Exchange Corp. and PG&E
several times to describe how two energy sellers, Avista Corp. and
TransAlta Corp., were paid after PG&E reached settlements with them
in a Federal Energy Regulatory Commission proceeding.

                     About PG&E Corporation

Headquartered in San Francisco, California, PG&E Corporation
(NYSE:PCG) -- http://www.pgecorp.com/-- is an energy-based   
holding company.  The company's operations include electric and
gas distribution, natural gas and electric transmission, and
electric generation.  It is the parent company of Pacific Gas and
Electric Company.

Pacific Gas filed for Chapter 11 protection on April 6, 2001
(Bankr. N.D. Cal. Case No. 01-30923).  James L. Lopes, Esq.,
William J. Lafferty, Esq., and Jeffrey L. Schaffer, Esq., at
Howard, Rice, Nemerovski, Canady, Falk & Rabkin represent the
Debtors in their restructuring efforts.  On June 30, 2001, the
Company listed $23,216,000,000 in assets and $22,152,000,000 in
debts.  Pacific Gas emerged from chapter 11 protection April 12,
2004, paying all creditors 100 cents-on-the-dollar plus
postpetition interest.


PANGEA MERGER: Moody’s Assigns 'B2' Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service assigned to Pangea Merger Sub Inc. a
first-time B2 Corporate Family Rating (CFR) and a B2-PD Probability
of Default Rating. Moody's also assigned a B1 rating to Pangea's
proposed $550 million of first lien credit facilities and a Caa1
rating to its $150 million second lien term loan facility. The
rating outlook is stable.

Net proceeds from the credit facilities and $455 million of equity
will be used to finance the acquisition of Premiere Global
Services, Inc. (PGS) by affiliates of Siris Capital Group, LLC for
$973 million, including assumption of debt. Upon closing of the
acquisition, PGS will guarantee the credit facilities and
obligations under the credit facilities which will be assumed by
PGS' wholly-owned subsidiary, American Teleconferencing Services,
Inc. (ATS). Upon closing of the acquisition, all of the ratings of
Pangea will be moved to ATS.

RATINGS RATIONALE

The CFR is weakly positioned in the B2 rating category which
reflects high initial leverage, elevated execution risk in
achieving cost savings, and PGS' intensely competitive markets. PGS
has moderate operating scale resulting from its limited product
diversity. Moody's estimates that the company's total debt to
EBITDA at the close of the acquisition will increase to about high
6x (Moody's adjusted), before including the anticipated $60 million
of cost savings which will be realized by the end of 2017. The
rating also incorporates the execution risk in offsetting the
declining revenues in the audio conferencing services through
growth in the higher-margin, subscription-based collaboration
services, in which the market is dominated by the leading
enterprise software and networking vendors and PGS has a small
market share. The risks are partially mitigated by PGS' good
liquidity, including about $80 million of unrestricted cash, which
covers expected restructuring costs and deferred acquisition
considerations in 2016. Although audio conferencing revenues are
expected to decline, the company generates strong gross margins
from these services. Despite modest erosion in revenues over the
next 12 to 18 months, Moody's expects the company's profitability
to modestly increase before including the planned cost savings. The
rating additionally reflects Moody's expectation that PGS' total
debt to EBITDA will progressively decline to below 4.5x (Moody's
adjusted) by 2017 and its free cash flow to debt ratio will
increase from about 1% to 2% in 2016 to 5% in 2017, including
restructuring costs during the periods.

The stable outlook is based on Moody's expectation that PGS will
maintain good liquidity and generate modestly positive free cash
flow over the next 12 months.

Moody's could downgrade PGS' ratings if liquidity deteriorates,
debt increases on a sustained basis, or if free cash flow is
expected to fall short of expectations as a result of competitive
pressures or execution challenges. A rating upgrade is not expected
over the next 12 to 18 months given the company's weak financial
profile. Moody's could raise PGS' ratings over time if the company
generates strong growth in operating cash flow, it commits to
conservative financial policies and if Moody's believes that total
debt to EBITDA (Moody's adjusted) and free cash flow relative to
total debt could be sustained below 4.5x and in excess of 10%,
respectively.

Moody's assigned the following ratings to Pangea Merger Sub Inc.:

-- Corporate Family Rating, B2

-- Probability of Default Rating, B2-PD

-- 1st lien revolving credit facility, B1 (LGD3)

-- 1st lien term loan facility, B1 (LGD3)

-- 2nd lien term loan facility, Caa1 (LGD5)

-- Outlook is Stable

Premiere Global Services, Inc. provides audio conferencing, web and
video collaboration services with $566 million in revenues for the
twelve months ended June 30, 2015.



PATRIOT COAL: Debtors, Peabody Deal With Retirees Approved
----------------------------------------------------------
Judge Keith L. Phillips of the U.S. Bankruptcy Court for the
Eastern District of Virginia, Richmond Division, approved the
Settlement Agreement executed by Patriot Coal Corporation, et. al.,
Peabody Energy Corporation ("PEC"), et. al. ("Peabody"), the
Patriot Coal Retiree Committee, and those non-union retiree
employees who were previously employed by any of the Debtors and/or
who are eligible to receive any Retiree Benefits from any of the
Debtors at any time, together with all such retiree's spouses,
dependents and survivors.

Pursuant to the Separation Agreement, Plan of Reorganization and
Distribution by and between PEC and Patriot, certain assets owned
by PEC were transferred to Patriot, and Patriot's stock was
distributed to the shareholders of PEC ("Spin-Off").  In connection
with the Spin-Off, Patriot, PEC, and certain of their respective
affiliates entered into a variety of agreements, including, among
others: (i) the Salaried Employees Liabilities Assumption
Agreement, dated Oct. 22, 2007, between Patriot, Heritage Coal
Company LLC, PEC, and Peabody Holding Company ("PHC") ("SELAA");
and (iii) the Administrative Services Agreement, dated Oct. 22,
2007, between Patriot, PEC, and PHC ("ASA").

The Patriot Debtors filed their Retiree Motion, which sought
authorization to implement a proposal ("1114 Proposal") that
contemplated the assumption and assignment of the SELAA to the
Retiree Committee and/or a newly created Salaried Employee
Voluntary Employees' Benefit Association ("Salaried VEBA"). Peabody
filed an objection to the Retiree Motion contending, among other
things, that the SELAA is part of an integrated contract along with
the other Spin-Off Agreements and that therefore the SELAA cannot
be assumed and assigned unless all the Spin-Off Agreements are
assumed and assigned.  

The Parties later agreed to settle and resolve all potential or
existing claims and disputes between them relating to the SELAA and
the Retiree Motion as it relates to the SELAA and the SELAA Plan of
Action.

The Parties stipulated and agreed that the Settlement Agreement was
entered into after extensive arm's length negotiations by and
between the Parties and that it embodies the terms and conditions
of the settlement between them.

The Settlement Agreement contains, among others, these material
terms:

     (1) Startup Payment: On or before Oct. 31, 2015, Peabody will
pay to a VEBA or VEBA entities, to be named by Retiree Committee
("RC Entities") the sum of $100,000 ("Startup Payment") to pay in
part for costs associated with the establishment of the RC
Entities.  Aside from the Startup Payment, Peabody will otherwise
have no responsibility for the administration or the cost of
administration of the RC Entities.

     (2) Additional Payments: In addition to the Startup Payment,
Peabody shall pay the RC Entities an additional $16,150,000, which
will be paid in accordance with the following:

     (i) $3,500,000, on or before Oct. 31, 2015.

     (ii) $3,500,000, on Jan. 1, 2017, or first business day
thereafter.

     (iii) $3,500,000.00 on Jan. 1, 2018, or first business day
thereafter.

     (iv) $3,500,000 on Jan. 1, 2019, or first business day
thereafter.

     (v) $2,150,000.00 on Jan. 1, 2020, or first business day
thereafter.

     (3) Termination of SELAA: Peabody and the Patriot Debtors,
agree that upon the Effective Date of the Settlement Agreement that
the SELAA shall terminate effective as of October 31, 2015.

Peabody Energy Corporation is represented by:

          Bruce H. Matson, Esq.
          Christopher L. Perkins, Esq.
          LECLAIRRYAN, APC
          919 East Main Street, 24th Floor
          Richmond, VA 23219
          Telephone: (804)783-7550
          E-mail: bruce.matson@leclairryan.com
                  christopher.perkins@leclairryan.com

                     - and -

          Heather Lennox, Esq.
          JONES DAY
          North Point
          901 Lakeside Avenue
          Cleveland, OH 44114-1190
          Telephone: (216)586-7111
          E-mail: hlennox@jonesday.com

                     - and -

          Daniel T. Moss
          JONES DAY
          51 Louisiana Avenue, N.W.
          Washington, D.C. 20001-2113
          Telephone: (202)879-3794
          E-mail:dtmoss@jonesday.com

                  About Patriot Coal Corporation

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

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

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

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

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

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


PBF HOLDING: S&P Raises CCR to 'BB', Off CreditWatch Positive
-------------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Parsippany, N.J.-based PBF Holding Co. LLC to 'BB'
from 'BB-' and removed the ratings from CreditWatch with positive
implications where they were placed on June 19, 2015.  The outlook
is stable.  At the same time, S&P raised the senior secured
issue-level rating to 'BBB-' from 'BB+'.  The senior secured
recovery rating of '1' remains unchanged, and indicates "very high"
(90% to 100%) recovery of principal if a default occurs.

The rating action reflects S&P's view that the acquisition of
Chalmette Refining LLC, a 189,000 barrel-per-day refinery located
outside of New Orleans, adds scale and geographic diversity, while
only slightly increasing leverage over S&P's forecast horizon.  Pro
forma for the transaction, S&P expects stand-alone net debt to
EBITDA to be about 1.2x for 2015 and 1.4x for 2016 and in the 1x
area for both periods on a consolidated basis.  The transaction
increases PBF's total refining capacity by 35% to 729,000 barrels
per day and expands its operating footprint into the Gulf Coast
region.

"The high-complex refinery can process heavy and light crude oil
and also has some logistics assets that provide future growth
opportunities for PBF's midstream business," said Standard & Poor's
credit analyst Michael Grande.

S&P has revised its business risk profile to "fair" from "weak".
S&P believes the company will employ the same strategy it uses at
its East Coast refineries to optimize profitability at
Chalmette--the flexibility to process a variety of different types
of crude oil depending on what's most economical.  Chalmette also
provides some cash flow diversification from the refineries at
Delaware City and Paulsboro, which S&P views as more challenged
than their inland competitors because it is more difficult to
source cost-advantaged West Texas Intermediate-based crudes from
the Mid-Continent region and Canada.  Competition from refined
products imported from Europe and Asia can also limit profitability
relative to their inland peers.  That said, since owning the East
Coast refineries, PBF has lowered feedstock, labor, and regulatory
costs, improving the refineries' profitability.

The stable outlook reflects S&P's expectation that PBF will
successfully integrate its refinery acquisitions and maintain ample
liquidity and net debt to EBITDA in the 1x to 1.5x range under most
refining cycles.



PHARMACYTE BIOTECH: Dismisses Farber Hass as Accountant
-------------------------------------------------------
PharmaCyte Biotech, Inc., disclosed that it dismissed Farber Hass
Hurley LLP as its principal accountant and on Oct. 30, 2015, it
engaged Armanino LLP as its principal accountant.  The change in
accountants was approved by the Company's Board of Directors and
did not result from any dissatisfaction with the quality of
professional services rendered by FHH, the Company stated in a Form
8-K report filed with the Securities and Exchange Commission.

FHH's report on the Company's consolidated financial statements for
the fiscal year ended April 30, 2015, did not contain an adverse
opinion or disclaimer of opinion, nor was it qualified or modified
as to uncertainty, audit scope or accounting principles. During the
Company's fiscal year ended April 30, 2015, and the subsequent
interim period through Oct. 29, 2015, there were no disagreements
with FHH on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure
which, if not resolved to FHH's satisfaction, would have caused
them to make reference to the subject matter in connection with
their report on the Company's consolidated financial statements for
such period.

The Company said that during the Company's fiscal years ended April
30, 2015, and 2014 and the subsequent interim period through Oct.
30, 2015, neither the Company nor anyone on its behalf consulted
Armanino.

                   About PharmaCyte Biotech, Inc.

PharmaCyte Biotech, Inc., formerly known as Nuvilex Inc, is
dedicated to bringing to market scientifically derived products
designed to improve the health, condition and well-being of those
who use them.  The Company is a clinical stage biotechnology
company focused on developing and preparing to commercialize
treatments for cancer and diabetes based upon a proprietary
cellulose-based live-cell encapsulation technology known as
Cell-in-a-Box.  The Company intends to use this unique and patented
technology as a platform upon which to build treatments for several
types of cancer, including advanced, inoperable pancreatic cancer,
and diabetes.

Pharmacyte reported a net loss of $10.8 million for the year ended
April 30, 2015, a net loss of $27.2 million for the year ended
April 30, 2014 and a net loss of $1.6 million for the year ended
April 30, 2013.

As of July 31, 2015, the Company had $8.14 million in total assets,
$1.18 million in total liabilities and $6.95 million in total
stockholders' equity.


PREMIERE GLOBAL: S&P Assigns Prelim. 'B' CCR; Outlook Negative
--------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its preliminary
'B' corporate credit rating to Atlanta-based Premiere Global
Services Inc. (PGI).  The outlook is negative.

At the same time, S&P assigned its preliminary 'B' issue-level
rating and preliminary '3' recovery ratings to the company's $50
million first-lien revolver maturing 2020 and to its $500 million
first-lien term loan maturing 2022.  The '3' recovery rating
indicates S&P's expectation for meaningful (50%-70%; higher half of
the range) recovery in the event of a payment default.

Additionally, S&P assigned its preliminary 'B-' issue-level rating
and preliminary '5' recovery ratings to the company's $150 million
second-lien term loan maturing 2023.  The '5' recovery rating
indicates S&P's expectation for modest (10%-30%; lower half of the
range) recovery in the event of a payment default.

"The ratings on PGI are based on a 'weak' business risk profile and
a 'highly leveraged' financial risk profile reflecting the
company's middle-tier position within the highly competitive and
fragmented audio conferencing market," said Standard & Poor's
credit analyst Kenneth Fleming.

The ratings also reflect pro forma leverage in the high-6x to
low-7x area as of Sept. 30, 2015, which S&P expects to decline to
the low-6x area by Dec. 31, 2016.  Over the coming year, S&P
expects that the company will realize a portion of its planned cost
reductions, thus improving EBITDA margins and reducing leverage.

The negative outlook reflects the high leverage post-transaction
and the risk of unplanned business disruption from its cost
restructuring activities.

S&P could lower the rating on PGI if the audio conferencing segment
contracts at a faster than expected pace, or if disruption from
restructuring activities causes market share loss, resulting in
leverage sustained above 7x.

S&P could revise the outlook to stable if the company can maintain
its market share while implementing material cost reductions such
that it records sustained leverage below 6.5x.



REICHHOLD HOLDINGS: Seeks $250K Private Sale of Tuscaloosa Property
-------------------------------------------------------------------
Reichhold Holdings US, Inc., and its affiliated debtors ask the
U.S. Bankruptcy Court for the District of Delaware to approve the
sale of non-residential real property located at 5410 Reichhold
Road, Tuscaloosa, Alabama, to Southern Ionics Incorporated for
$250,000, free and clear of all liens, claims and encumbrances.

The Debtors believe that selling the Property to Southern Ionics
through a private sale is justified and appropriate.  The Debtors
tell the Court that with the aid of Hilco Real Estate, LLC, they
actively marketed the Property for almost 10 months without
receiving any offer for the Property other than Southern Ionics'
offer.  The Debtors believe that their extensive marketing efforts
have produced a buyer willing to pay fair value for the Property.

The Debtors' motion is scheduled for hearing on Nov. 17, 2015 at
11:30 a.m.  The deadline for the filing of objections to the
Debtors' motion is set on Nov. 10, 2015 at 4:00 p.m.

Reichhold Holdings is represented by:

          Norman L. Pernick, Esq.
          Marion M. Quirk, Esq.
          David W. Giattino, Esq.
          COLE SCHOTZ P.C.
          500 Delaware Avenue, Suite 1410
          Wilmington, DE 19801
          Telephone: (302)652-3131
          Facsimile: (302)652-3117
          E-mail: npernick@coleschotz.com
                  mquirk@coleschotz.com
                  dgiattino@coleschotz.com

                 - and -

          Gerald H. Gline, Esq.
          Felice R. Yudkin, Esq.
          COLE SCHOTZ P.C.         
          25 Main Street
          Hackensack, NJ 07602-0800
          Telephone: (201)489-3000
          Facsimile: (201)489-1536
          E-mail: ggline@coleschotz.com
                  fyudkin@coleschotz.com

                   About Reichhold Holdings US

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.



REICHHOLD HOLDINGS: Seeks Approval of Retiree Settlement
--------------------------------------------------------
Reichhold Holdings US, Inc., and its affiliated debtors ask the
U.S. Bankruptcy Court for the District of Delaware to approve its
settlement agreement with certain of its retired employees and the
termination of retiree benefits.

The Settlement Agreements, contain among others, these terms:

     (a) Termination of Retiree Welfare Plans: The Debtors will
terminate all Retiree Welfare Plans effective as of 11:59 p.m. on
Nov. 30, 2015.

     (b) Run Off Period: The time period for presenting claims for
reimbursement of benefits covered by the Retiree Medical Program
for claims incurred prior to the Termination Date will be 90 days
from the Termination Date.  Claims for reimbursement of benefits
covered by the Retiree Medical Program for claims incurred prior to
the Termination Date which are not properly made or submitted prior
to the expiration of the Run Off Period will be disallowed for all
purposes.

     (c) Settlement Amount Under the United Steelworkers'
Settlement Agreement: The Debtors will make a settlement payment as
follows: (i) Eligible Participants will receive 8 percent of the
face amount of their individual life insurance coverage, and (ii)
Eligible Participants of the Debtors’ Retiree Medical Program who
do not contribute to the medical program or contribute less than
$70 per month to the program shall receive a one-time payment of
$1,200.  All other participants in the Retiree Medical Program
shall not receive any settlement payment.  The aggregate amount to
be paid under the Steelworkers Settlement is approximately
$54,430.

     (d) Settlement Amount Under the Retiree Committee Settlement
Agreement: The Debtors will make payments totaling $267,276 to the
affected Eligible Participants as directed by the Retiree
Committee.  Within 30 days after entry of the Settlement Agreement,
the Retiree Committee will direct, in writing, the amount of
payment to be made to each Eligible Participant form the Settlement
Amount.

     (e) Release of Claims: Approval of the settlement will
effectuate a release of all claims that Eligible Participants may
have against the Debtors other than the obligations imposed by the
Settlement Agreements.

The Debtors contend that since the appointment of the Retiree
Committee on April 1, 2015, they have worked steadily with the
Retiree Committee and United Steelworkers to explore a consensual
termination of the Debtors' Retiree Welfare Plans.  The Debtors
further contend that after the exchange of information, multiple
telephonic meetings, and vigorous negotiations, the Settling
Parties have reached agreements concerning the termination of the
Retiree Welfare Plans. The Debtors relate that under the terms of
the proposed Settlement Agreements, the Debtors would terminate the
Retiree Welfare Plans as of Nov. 30, 2015.  The Debtors further
relate that they also seek to terminate the Retiree Welfare Plans
for the other union retirees on the same terms and conditions as
the United Steelworkers Settlement Agreement.  The Debtors tell the
Court that despite their best efforts, they have not received any
response to their proposal to terminate the Retiree Welfare Plans
from the authorized representatives of the other union retirees and
are requesting authority to terminate the Retiree Welfare Plans
pursuant to section 1114(g) of the Bankruptcy Code as they relate
to the other union retirees.

The Debtors assert that in seeking to terminate the Retiree Welfare
Plans, they have balanced the importance of the Retiree Welfare
Plans to the Retirees and their families against the reality that
continuing to provide the Retiree Welfare Plans is simply no longer
practicable or feasible where the Debtors have no operations and
are working on winding down their estates.  The Debtors believe
that the terms of the Settlement Agreements provide the Settling
Retirees with a fair and reasonable settlement that will facilitate
a smooth transition for the Settling Retirees following the
termination of the Retiree Welfare Plans.

The Debtors' motion is scheduled for hearing on Nov. 17, 2015 at
11:30 a.m.  The deadline for the filing of objections to the
Debtors' motion is set on Nov. 10, 2015 at 4:00 p.m.

Reichhold Holdings is represented by:

          Norman L. Pernick, Esq.
          Marion M. Quirk, Esq.
          David W. Giattino, Esq.
          COLE SCHOTZ P.C.
          500 Delaware Avenue, Suite 1410
          Wilmington, DE 19801
          Telephone: (302)652-3131
          Facsimile: (302)652-3117
          E-mail: npernick@coleschotz.com
                  mquirk@coleschotz.com
                  dgiattino@coleschotz.com

                  - and -

          Gerald H. Gline, Esq.
          Felice R. Yudkin, Esq.
          COLE SCHOTZ P.C.         
          25 Main Street
          Hackensack, NJ 07602-0800
          Telephone: (201)489-3000
          Facsimile: (201)489-1536
          E-mail: ggline@coleschotz.com
                 fyudkin@coleschotz.com

                     About Reichhold Holdings

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 FASHION: Seeks Modification of Final DIP Order
---------------------------------------------------------
Relativity Fashion, LLC, asks the U.S. Bankruptcy Court for the
Southern District of New York, to modify the Final DIP Order
pursuant to the TLA/TLB Term Sheet.

The Debtors note that they were authorized to obtain $49,500,000 in
postpetition debtor-in-possession financing from certain of the
Debtors' prepetition secured lenders ("Original DIP Lenders"), by
virtue of the Court's Final DIP Order.  The Debtors relate that the
amount has been fully drawn and that the amount which will be
outstanding under the Original DIP Facility following the
modification sought by their motion will be $35,000,000.

The Debtors relate that by virtue of the Court's Sale Order, they
were authorized to sell their television business to RM Bidder,
LLC, an entity formed by the Original DIP Lenders.  The Debtors
further relate that the Court approved the stipulation that they
had entered into with the Original DIP Lenders, the Manchester
Parties, and Ryan Kavanaugh, which represents one pieces of a
global agreement between the Parties to provide the Debtors with an
opportunity to reorganize their business around their non-TV
Business Assets.  The Debtors tell the Court that pursuant to the
term sheet attached to the Notice of Presentment of Stipulation and
Agreed Order ("TLA/TLB Term Sheet"), Heatherden Securities LLC, a
Delaware Limited Liability Company has agreed to purchase the
Original DIP Facility, as modified to $35,000,000, from the
Original DIP Lenders for $35,000,000 as part of the Global
Agreement.  The Debtor further tells the Court that the TLA/TLB
Term Sheet states that the closing of this Transaction, "will occur
no later than October 20, 2015."  The Debtor contends that they
filed their motion to comply with the terms of the TLA/TLB Term
Sheet, which require the modification of the Final DIP Order on or
before Oct. 20, 2015.

Relativity Fashion is represented by:

          Richard L. Wynne, Esq.
          Bennett L. Spiegel, Esq.
          Lori Sinanyan, Esq.
          JONES DAY
          222 East 41st Street
          New York, NY 10017
          Telephone: (212)326-3939
          Facsimile: (212)755-7306
          E-mail: rlwynne@jonesday.com
                 blspiegel@jonesday.com

                  - and -

          Craig A. Wolfe, Esq.
          Malani J. Cademartori, Esq.
          Blanka K. Wolfe, Esq.
          SHEPPARD MULLIN RICHTER & HAMPTON LLP
          30 Rockefeller Plaza
          New York, NY 10112
          Telephone: (212)653-8700
          Facsimile: (212)653-8701
          E-mail: cwolfe@sheppardmullin.com
                  mcademartori@sheppardmullin.com
                  bwolfe@sheppardmullin.com

                      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, including Relativity
Fashion, LLC, 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: Judge Again Disapproves Revised DIP Financing
---------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that a New York
bankruptcy judge on Oct. 27, 2015, again declined to sign off on
Relativity Media's amended Chapter 11 financing proposal, and
raised concerns with certain provisions of the arrangement he said
would lock in components of a restructuring plan before creditors
got to vote on it.

U.S. Bankruptcy Judge Michael Wiles said he would not approve
Relativity's revised debtor-in-possession financing because it
includes terms that would allow lenders to sidestep aspects of the
Chapter 11 plan confirmation process.

                      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.


RITE AID: Fitch Says 5-Yr. CDS Trading at Tight Levels
------------------------------------------------------
Five-year credit default swaps (CDS) on Rite Aid Corporation are
trading at all-time tight levels, according to Fitch Solutions.
The sharp drop follows last week's announcement by Walgreens Boots
Alliance, Inc. that it will acquire all outstanding shares of Rite
Aid.

Rite Aid CDS tightened 65% or 218 basis points over the course of
last week and are now trading at 112 basis points.  The current
spread levels are the tightest observed over the span of Fitch
Solutions' CDS pricing time series for Rite Aid since 2006.  The
steep drop in cost to protect Rite Aid five-year senior bonds
indicates that investors suspect a lower risk of default.  Fitch
notes that volatility across the board in CDS trading is common.

Fitch Ratings on Oct. 28 placed its ratings on Rite Aid on Rating
Watch Positive.  The acquisition is expected to close in second
half 2016, subject to approval by Rite Aid shareholders and
antitrust regulators.

After pricing consistently at 'BB-' levels over the past year, CDS
on Rite Aid are now trading in line with 'BBB-' levels, in
investment-grade territory.  Fitch currently rates Rite Aid's
long-term Issuer Default Rating (IDR) 'B'.

Fitch would expect to upgrade Rite Aid's existing debt to the low
'BBB' category assuming the merger closes as contemplated and there
are no material changes to Fitch's expectations.  If the merger is
terminated, Rite Aid sustaining positive comparable store sales and
EBITDA in the $1.5 billion range or better -- which would enable to
company to further reduce debt and reducing adjusted debt/EBITDAR
to between 5.3x and 5.7x -- may lead to a positive rating action.



ROBERTO SEBELEN MEDINA: Suit Against Bank Remains Dismissed
-----------------------------------------------------------
Judge Brian K. Tester of the United States Bankruptcy Court for the
District of Puerto Rico denied the motions for reconsideration of
judgment filed by both plaintiff and defendant, and the adversary
proceeding captioned ROBERTO SEBELEN MEDINA, BETSIE MARIE CORUJO,
Plaintiff(s), v. BANCO POPULAR DE PUERTO RICO ADSUAR MUNIZ GOYCO
SEDA PEREZ-OCHOA, PSC, Defendant(s), ADVERSARY NO. 14-00194 (Bankr.
D.P.R.), remains dismissed in its entirety.

The Plaintiffs allege that the adversary proceeding is
predominantly "core" as to the whole complaint, therefore, the
court has jurisdiction and venue over the matter, having a
possibility to obtain a complete resolution of the issues.

The bankruptcy case is IN RE: ROBERTO SEBELEN MEDINA BETSIE MARIE
CORUJO, Chapter 11, Debtor(s), CASE NO. 14-06368 (Bankr. D.P.R.).

A full-text copy of the Opinion and Order dated October 2, 2015 is
available at http://is.gd/WMtP0kfrom Leagle.com.

Roberto Sebelen Medina, Plaintiff, represented by Manuel J. Perez
Garcia,Esq. -- CIUDAD JARDIN BAIROA

Banco Popular De Puerto Rico, Defendant, represented by Luis C.
Marini-Biaggi, Esq. -- luis.marini@oneillborges.com -- O'NEILL &
BORGES, Sheila M. Rodriguez-Figueroa, Esq. --
sheila.rodriguez@oneillborges.com -- O'NEILL & BORGES

Adsuar Muniz Goyco Seda Perez-Ochoa, Defendant, represented by Eric
Perez Ochoa, Esq. -- epo@amgprlaw.com -- SEDA & PEREZ OCHOA PSC,
Jose Luis Ramirez Coll, Esq. -- jramirez@fgrlaw.com -- FIDDLER
GONZALEZ & RODRIGUEZ PSC.


ROSEVILLE SENIOR LIVING: Court Directs Appointment of Ch.11 Trustee
-------------------------------------------------------------------
In the chapter 11 case of Roseville Senior Living Properties, LLC,
Judge Michael B. Kaplan on Oct. 22, 2015, ordered the U.S. Trustee
to appoint a Chapter 11 trustee who will take over day-to-day
operations from Michael Edrei, who controlled and managed the
Debtor.

The motion for the appointment of a trustee was pursued by Modan
Associates, a passive investment member of the Debtor, holding an
8.73% interest in the Debtor.

The Edrei-controlled Debtor has already filed a Chapter 11 plan
that promises to pay creditors 100% of their allowed claims.  The
Debtor won approval of the explanatory disclosure statement on
April 29, 2015.  As all creditors are unimpaired under the Plan,
the Debtor did not solicit votes on the Plan.  While the plan
confirmation hearing was original scheduled for May 28, 2015, the
Debtor requested multiple continuances totaling over three months
because it has been unable to obtain a finalized, executed
"commitment letter" from MidCap Financial Trust and unable to
finalize the required exit financing.  On Sept. 8, Mr. Edrei
advised the Court that Midcap did not proceed with the loan.

The Court subsequently directed the Debtor to demonstrate that it
could replace MidCap with a new exit/refinancing lender by Oct. 9,
2015, and it scheduled a continued confirmation hearing on Oct. 19
to consider the feasibility of the Plan and any related issues
regarding the release and exculpation provisions under the Plan.  
Mr. Edrei said in a court filing on Oct. 9 that the Debtor has been
successful in obtaining a new lender who will provide $22.5 million
exit financing.  The Debtor redacted the name of the new lender
from the term sheet included in publicly available filings, saying
that it is concerned that Modan and the recalcitrant equity holders
will disrupt the financing.  Following a hearing Oct. 20, the Court
ordered the appointment of a Chapter 11 trustee who will take over
management of the Debtor.

Modal and a group of equity holders owning approximately 15% of the
membership interests in the Debtor have opposed the broad releases
under the Plan.  Equityholders William Weiss, et al., said Edrei
seeks a virtual "get out of jail free" card stamped by the
Bankruptcy Court, effectively prohibiting the Equity Holders from
pursuing their claims against Edrei and immunizing him against
liability for his misconduct.

Prepetition lender CapitalSource Finance LLC claimed that the Plan
is fatally flawed and is a delaying tactic as it provides no
evidence that Debtor has secured the necessary commitment for exit
financing to pay off CapitalSource's senior loan in full.
Equityholders William Weiss, et al., noted in an Oct. 13 filing
that Mr. Edrei has submitted only the unsigned, non-binding Term
Sheet which is just as illusory as the MidCap financing.  The
Equityholders noted that $7 million debt to Capital Source has
ballooned close to $20 million and so far Mr. Edrei has filed an
exit plan based on flimsy representations.

Equityholders William Weiss, et al., are currently involved in a
multi-million dollar lawsuit against Mr. Edrei.  The lawsuit is
pending before the Superior Court of New Jersey, Bergen County,
Docket No. BER-L-006798-14.  The Equityholders allege in the State
Court Action that Edrei committed, among other things, fraud and
other acts of misconduct in connection with his control and
management of the Debtor.  The State Court appointed a Special
Auditor in the State Court Action, who issued a report that
confirms many of the allegations against Mr. Edrei.

Attorneys for Modan Associates:

        COLE SCHOTZ P.C.
        Michael D. Sirota, Esq.
        David M. Bass, Esq.
        Court Plaza North
        25 Main Street
        P.O. Box 800
        Hackensack, NJ 07602-0800
        Tel: (201) 489-3000
        Fax: (201) 489-1536

Equity holders William Weiss, et al.'s attorneys:

        FOX ROTHSCHILD LLP
        Richard M. Meth, Esq.
        N. Ari Weisbrot, Esq.
        75 Eisenhower Parkway, Suite 200
        Roseland, NJ 07068
        Tel: 973-992-4800
        E-mail: rmeth@foxrothschild.com
                AWeisbrot@foxrothschild.com

Co-Counsel for CapitalSource Finance:

        THE LAW FIRM OF BRIAN W. HOFMEISTER LLC
        Brian W. Hofmeister, Esq.
        691 Highway 33
        Mercerville
        Trenton, NJ 08619
        Tel: (609) 890-1500
        Fax: (609) 890-6961
        E-mail: bwh@hofmeisterfirm.com

               - and -

        KATTEN MUCHIN ROSENMAN LLP
        Kenneth J. Ottaviano, Esq.
        William S. Dorsey, Esq.
        Karin H. Berg, Esq.
        525 W. Monroe Street
        Chicago, IL 60661
        Tel: (312) 902-5200
        Fax: (312) 902-1061
        E-mail: kenneth.ottaviano@kattenlaw.com
                william.dorsey@kattenlaw.com
                karin.berg@kattenlaw.com

Attorneys for the Debtor:

        DUANE MORRIS LLP
        Walter J. Greenhalgh, Esq.
        Gregory R. Haworth, Esq.
        One Riverfront Plaza
        1037 Raymond Boulevard, Suite 1800
        Newark, NJ 07102-5429
        Tel: (973) 424-2000
        Fax: (973) 424-2001

                  About Roseville Senior Living

Roseville Senior Living Properties, LLC, owns and operates a
senior assisted living housing facility in Roseville, California.
It filed for Chapter 11 bankruptcy (Bankr. D.N.J. Case No.
13-31198) on Sept. 27, 2013, in Newark, New Jersey.

The petition was signed by Michael Edrel.  Edrel is the managing
director of Meecorp Capital Markets, LLC, the manager o f the
Debtor.

Walter J. Greenhalgh, Esq., at Duane Morris, LLP, represents
Roseville Senior Living Properties as counsel.  Friedman LLP serves
as the Debtor's accountant.

Roseville Senior Living Properties estimated $10 million to $50
million in assets, and $1 million to $10 million in liabilities.
In its schedules filed with the Bankruptcy Court, the Debtor
indicated total assets and total debts as "Unknown", a copy of
which is available for free at:

       http://bankrupt.com/misc/rosevillesenior.doc54.pdf

The United States Trustee for Region 3 appointed Joseph Rodrigues,
State Long Term Care Ombudsman, California Department of Aging, as
the Patient Care Ombudsman in the Debtor's case.



SABRE GLBL: Moody’s Assigns Ba3 Rating to $500MM Sr. Secured Notes
--------------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to the $500 million
of new senior secured notes being issued by Sabre GLBL Inc., a
direct subsidiary of Sabre Holdings Corporation (Sabre). Sabre's
existing ratings, including its Ba3 Corporate Family Rating (CFR),
Ba3-PD Probability of Default Rating, and the Ba3 and B2 ratings
for its senior secured and senior unsecured debts, respectively,
remain unchanged. The ratings outlook is stable. The company will
use net proceeds from the new notes to redeem $235 million of the
senior notes due 2016 and for general corporate purposes, including
potential acquisitions and repurchase of shares.

RATINGS RATIONALE

Moody's estimates that pro forma for the transactions, Sabre's
total debt to EBITDA (Moody's adjusted) will increase from about
approximately 3.4x to 3.7x, adjusting for the full year impact of
the Abacus acquisition which closed on July 1, 2015. The Ba3 CFR
reflects Sabre's strong revenue and earnings growth prospects over
the next 12 to 18 month and Moody's expectations that Sabre's free
cash flow will increase to about 8% to 10% of total debt and total
debt to EBITDA (Moody's adjusted) will progressively decline toward
the low 3x level over the next 12 to 18 months, absent any debt
increases. Moody's expects Sabre's EBITDA to grow in the low teens
percentages over this period.

Sabre is one of the largest Global Distribution Systems (GDS)
providers globally and is the leader in the North American market.
Sabre's technology infrastructure and its existing relationships
with travel suppliers and buyers enable the company to provide
valuable content and services to its customers. The Ba3 CFR is also
supported by Sabre's recurring, transaction-based revenues and
strong growth prospects for its Airline and Hospitality Solutions
segment that will improve Sabre's earnings diversity. However,
Sabre operates in a highly competitive market and travel suppliers
have increasingly used a direct distribution model to maintain
control or negotiate better pricing for GDS services. The company
also has high revenue exposure to the cyclical airline industry and
there is some customer revenue concentration. The company's
strengthening financial profile provides greater flexibility to
absorb potential litigation-related costs and expenses, or adverse
outcomes from its pending legal proceedings.

The SGL-2 liquidity rating reflects Sabre's good liquidity
comprising cash balances, availability under revolving credit
facilities and free cash flow. The company will have approximately
$200 million of debt maturities due over the next 12 months.

Moody's could upgrade Sabre's ratings if the company maintains good
organic revenue and operating cash flow growth and if Moody's
believes that the company could sustain total debt to EBITDA below
3x (incorporating Moody's standard analytical adjustments) and free
cash flow in the high single digit percentages of total debt.
Moody's could downgrade Sabre's ratings if the loss of a
significant customer or unfavorable changes in pricing or the
distribution of travel supply cause total debt to EBITDA to
increase to over 4x, and free cash flow declines to the low single
digit percentages for an extended period of time. The ratings could
additionally come under pressure if adverse outcomes in legal
proceedings have a meaningful financial impact on Sabre or increase
its business risks.

Ratings assigned:

Issuer: Sabre GLBL Inc.

-- New Senior Secured Notes due 2023, Assigned, Ba3 (LGD3)

Sabre is a leading technology solutions provider to the global
travel and tourism industry with $2.85 billion in annual revenues.
Funds affiliated to TPG Partners, Silver Lake Partners and other
co-investors own approximately 49.9% equity interest in Sabre.



SABRINA WOODARD: Required to File Tax Returns
---------------------------------------------
Judge S. Martin Teel Jr. of the United States Bankruptcy Court for
the District of Columbia granted Huntington Apartment Associates,
LP's motion requiring debtor Sabrina Woodard to file tax with
respect to each tax year of the debtor ending while the debtor's
bankruptcy case is pending under chapter 7, 11 or 13 of the
Bankruptcy Code, and each Federal income tax return required under
applicable law that had not been filed with the taxing authority as
of the date of the commencement of the case and that was
subsequently filed for any tax year of the debtor ending in the
3-year period ending on the commencement of the case and that was
subsequently filed for any tax year of the debtor ending in the
3-year period ending on the date of the commencement of the case.

The court further ruled that the Debtor's objection to Huntington's
obtaining access to the returns is premature: Huntington will not
be entitled to obtain access to returns that the debtor files
pursuant to this order unless Huntington complies with certain
procedures.

The case is In re SABRINA WOODARD, Chapter 11, Debtor, CASE NO.
15-00417 (Bankr. D.C.).

A full-text copy of the Memorandum Decision and Order dated October
4, 2015 is available at http://is.gd/5dn3aRfrom Leagle.com.

Sabrina Woodard, Debtor, represented by Jeffrey M. Sherman, Esq. --
jeffreymsherman@gmail.com -- Law Offices of Jeffrey M. Sherman.


SEACOR HOLDINGS: S&P Lowers CCR to 'B+', Outlook Negative
---------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on SEACOR Holdings Inc. to 'B+' from 'BB-'.  The outlook is
negative.

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

"The downgrade reflects our expectation that SEACOR's offshore
marine services' vessel utilization and dayrates will weaken for
the remainder of 2015 and into 2016 beyond our initial
expectations, and in comparison with 2014 results," said Standard &
Poor's credit analyst John Rogers.  "Offshore drilling activity has
declined precipitously due to lower oil and natural gas prices,
creating a glut of support vessels and drilling rigs available in
the offshore market, especially in the Gulf of Mexico," he added.

Moreover, similar to many of its competitors, as of Sept. 30, 2015,
SEACOR had 22 vessels within its offshore marine services segment
stacked.  S&P expects SEACOR will continue to stack vessels as it
focuses on fleet rationalization to reduce operating spending and
improve dayrates.

The negative outlook on SEACOR reflects the potential for a
downgrade should operating performance fall below S&P's current
expectations, which indicate SEACOR's debt to EBITDA will approach
7x and FFO to debt will be below 12% over the next two years.  S&P
expects the company to maintain "strong" liquidity while prudently
managing the depressed market conditions in the offshore supply
vessel market as a result of significant declines in E&P capital
spending programs.

S&P could lower the rating if it expected liquidity to deteriorate
or if S&P expected FFO to debt to remain well below 12% on a
sustained basis.

S&P could revise the outlook to stable if market conditions improve
such that S&P expects FFO to debt to average about 12% on a
sustained basis.



SUMMIT MATERIALS: Notes Upsize to $625MM No Effect on Moody's CFR
-----------------------------------------------------------------
Moody's Investors Service says that Summit Materials, LLC's upsize
of its Senior Unsecured Notes due 2023 to $625 million from $350
million will not affect its Caa2 senior unsecured ratings or its B3
Corporate Family Rating. Summit's other ratings are also unaffected
by the upsize.

The ratings outlook remains stable.

On November 4, 2015, the Summit announced that it plans to issue a
$275 million add-on to the company's existing 6.125% Senior
Unsecured Notes due 2023. The Notes are issued by Summit Materials,
LLC and Summit Materials Finance Corp. as Co-Issuers. Summit plans
to use the proceeds to redeem the remaining balance of its $154
million 10.5% Senior Unsecured Notes due 2020, pay related fees and
expenses and for general corporate purposes. Pro forma for the
upsize, adjusted debt-to-EBITDA will be approximately 5.0x as of
September 27, 2015.

The B3 Corporate Rating balances Summit's growing scale, market
positions, improving operating margins and experienced management
team against the company's acquisitive growth model, risks
associated with execution and integration, geographic concentration
in three states, and exposure to cyclical construction end markets.
The B3 rating also reflects Summit's high adjusted debt leverage.
While adjusted debt to EBITDA should decline modestly though EBITDA
growth, we expect debt leverage to remain commensurate with a B3
rating over the intermediate term given the company's history of
debt funded acquisitions.

Summit Materials is a construction materials company primarily
operating in Texas (representing 34% of revenue for YE2014), Kansas
(19%), Kentucky (11%), Utah (10%) and Missouri (9%). In March 2015,
Summit Materials became a public entity. The company is 49% owned
by public investors with the balance owned by the Blackstone Group,
Silverhawk Capital Partners, and senior management (small
minority). Summit is an acquisition / roll-up vehicle in the
construction materials space, focusing on aggregates, cement, and
related downstream products such as ready mix concrete and asphalt,
as well as related construction services. Summit operates under
three regional platforms. The company serves private construction
and public infrastructure end markets which represented 56% and 44%
of total 2014 revenues, respectively. For the trailing twelve
months ending September 27, 2015, the company generated
approximately $1.4 billion in revenue.



TAYLOR-WHARTON INT'L: Slams Objections to DIP Financing Package
---------------------------------------------------------------
Matthew Perlman at Bankruptcy Law360 reported that Taylor-Wharton
International LLC asked the Delaware bankruptcy court on Oct. 27,
2015, to grant its debtor-in-possession financing package despite
creditors calling it "egregious" because the financing is necessary
to insure the cryogenics company's continued operation and sale.

The unsecured creditors committee earlier this week raised
objections to the package, which includes a $13 million bankruptcy
loan, saying that it was designed to "squeeze every cent" from the
company and push through a quick sale process.  

                       About Taylor-Wharton

Taylor-Wharton International LLC and Taylor-Wharton Cryogenics LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Proposed Lead
Case No. 15-12075) on Oct. 7, 2015.  The petition was signed by
Thomas Doherty as chief restructuring officer.

Cryogenics is a leading designer, engineer and manufacturer of
cryogenic equipment designed to transport and store liquefied
atmospheric and hydrocarbon gases.  Cryogenics has a single United
States operation in Theodore, Alabama.  Cryogenics is the direct
or indirect parent of several foreign non-debtor subsidiaries
which have manufacturing operations in China, Malaysia, Slovakia,
and warehousing operations in Germany and Australia.

The Debtors have engaged Reed Smith LLP as general bankruptcy
counsel, Argus Management Corporation as interim management
services provider, Stifel, Nicolaus & Company, Incorporated and
Miller Buckfire & Company LLC as investment banker and Logan &
Company, Inc., as noticing and claims agent.

The Debtors estimated both assets and liabilities of $100 million
to $500 million.  O'Neal Steel Inc. is listed as the largest
unsecured creditor holding a trade claim of $788,815.

Judge Brendan Linehan Shannon is assigned to the case.


THANE INTERNATIONAL: December Hearing on Chapter 15 Recognition
---------------------------------------------------------------
Matt Chiappardi at Bankruptcy Law360 reported that a Delaware
bankruptcy judge on Oct. 27, 2015, extended temporary protection to
the U.S. assets of Toronto-based Thane International Inc., the
direct marketing company behind the Swivel Sweeper and other "as
seen on TV" consumer products, and set the stage for a full Chapter
15 recognition hearing in December.

During a hearing in Wilmington, U.S. Bankruptcy Judge Kevin Gross
approved a temporary restraining order that acts akin to the
automatic stay in Chapter 11, freezing litigation or creditor
action against the company's assets in the United States.

                     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.


THORNTON & CO.: Debtor, Committee Object to PUB Bid for Stay Relief
-------------------------------------------------------------------
Secured creditor People's United Bank, N.A. ("PUB") asks the U.S.
Bankruptcy Court for the District of Connecticut, Hartford
Division, for relief from the automatic stay insofar as there is no
equity in the debtor Thorton & Company, Inc.'s assets and such
property is not necessary for an effective reorganization.

As of Oct. 2, 2015 the amount of principal and interest under the
Debtors obligations to PUB reached the aggregate amount of
$14,821,645.

PUB contends that the Debtor's inventory has a gross fair market
value of approximately $5,900,800, and that the Debtor's accounts
receivable have a fair market value of approximately $8,317,250 as
of Oct. 2, 2015.  PUB further contends that together with certain
pledged investment accounts having a value of approximately
$527,623.00 as of June 30, 2015, the total fair market value of
PUB's Collateral is approximately $14,745,673.  PUB asserts that on
a fair market basis, the Debtor does not have any equity in the
Collateral as the amount of the Debtor's obligations to PUB exceed
the fair market valuation of the Collateral securing the same.

PUB tells the Court that after nearly two months in the wake of the
most recent cash collateral order prohibiting the sale of the
Debtor's inventory, PUB's adequate protection is faltering.  PUB
further tells the Court that there is still no plan of
reorganization in prospect that does not require PUB providing a
combination of excessive debt forgiveness and an exorbitant
unquantified carve-out in a chapter 11 case that PUB did not
initially agree to.  PUB asserts that there is no viable
reorganization in prospect and the Debtor no longer has any equity
in PUB's collateral.  PUB further asserts that it is entitled to
immediate relief from the automatic stay.

                      Committee's Objection

The Official Committee of Unsecured Creditors contends that taken
together with PUB's Limited Objection to the Sale Motion filed on
Oct. 9, 2015, where PUB objects to the Sale Motion to the extent
that sale proceeds of the Debtor's inventory are not immediately
paid over to it for application to its claim, what is clear is that
the cause for PUB seeking relief from the automatic stay is that it
is no longer getting its way, i.e., the Debtor is no longer
liquidating PUB's collateral and paying all of the proceeds over to
PUB, the case is no longer being run overwhelmingly for the benefit
of PUB.  The Committee further contends that given that PUB for
some two months benefited massively from what the Debtor was doing,
at a time when other parties did not have notice of what the Debtor
was doing, PUB should not now be able to essentially exit the case
when it is no longer getting its way.

                        Debtor's Objection

Thorton & Co. objects to PUB's Motion for these reasons:

     (1) No cause exists to grant stay relief.  The Debtor has set
forth two potential business plans to emerge from chapter 11: (a) a
going concern business plan that will enable it to resume
operations and (b) a partial asset sale and joint venture to
continue business with a new equity partner. Further, the Debtor
has worked to protect PUB's secured position. As such, in the
absence of a negotiated resolution, the Debtor will seek to
surcharge the PUB's secured claim.

     (2) PUB is adequately protected.  The Court has already found
that PUB is adequately protected and PUB remains over secured.
Further, as set forth in the Debtor's Budget and business plans,
use of the inventory remaining is essential for the Debtor's
rehabilitation. Specifically, the inventory will be used to assist
in recapitalizing the Debtor or sold to a new company. Under both
circumstances, the inventory will be needed to formulate a plan of
reorganization.  Accordingly, PUB is adequately protected, there is
equity in the property and the Debtor's property is needed for
reorganization.

People's United Bank is represented by:

          Scott Rosen, Esq.
          COHN BIRNBAUM & SHEA P.C.
          100 Pearl Street, 12th Floor
          Hartford, CT 06103
          Telephone: (860)493-2200
          Facsimile: (860)727-0361
          E-mail: srosen@cbshealaw.com
                 
                    - and -

          James C. Fox, Esq.
          Brendan C. Recupero, Esq.
          RUBERTO, ISRAEL & WEINER, P.C.
          255 State Street, 7th Floor
          Boston, MA 02109
          Telephone: (617)742-4200
          Facsimile: (617)742-2355
          E-mail: jcf@riw.com
                  bcr@riw.com

The Official Committee of Unsecured Creditors is represented by:

          Eric Henzy, Esq.
          Jon P. Newton, Esq.
          Agnieszka Romanowska, Esq.
          REID AND RIEGE, P.C.
          One Financial Plaza
          Hartford, CT 06103
          Telephone: (860)278-1150
          Facsimile: (860)240-1002
          E-mail: ehenzy@rrlawpc.com
                  jnewton@rrlawpc.com
                  aromanowska@rrlawpc.com

Thorton & Co. is represented by:

          Jeffrey M. Sklarz, Esq.
          Nicholas W. Quesenberry, Esq.
          GREEN & SKLARZ LLC
          700 State Street, Suite 100
          New Haven, CT 06511
          Telephone: (203)285-8545
          Facsimile: (203)823-4546
          E-mail: jsklarz@gs-lawfirm.com
                  nquesenberry@gs-lawfirm.com

                       About Thornton & Co.

Thornton & Co., Inc. is an international distributor, trader and
wholesaler of plastic resins, providing a full offering of
polyethylene and polypropylene products. J. Paul Thornton, Jr.
founded TCI in 1994. As of Aug. 1, 2015, TCI had 20 employees,
consisting of 12 people at its Southington, Connecticut
headquarters, and 8 sales representatives who work in various
locations.

Thornton & Co. sought Chapter 11 protection (Bankr. D. Conn. Case
No. 15-21416) on Aug. 10, 2015, in Hartford, Connecticut. Judge
Ann M. Nevins presides over the case.

The Debtor estimated $10 million to $50 million in assets and
debt.

The Debtor has tapped Green & Sklarz LLC as counsel, and Gordian
Group as financial advisor.



TOMS SHOES: Moody’s Lowers CFR & Secured Term Loan Rating to B3
-----------------------------------------------------------------
Moody's Investors Service downgraded the ratings of TOMS Shoes,
LLC, including the company's Corporate Family Rating ("CFR") to B3
from B2, Probability of Default Rating ("PDR") to B3-PD from B2-PD,
and senior secured term loan rating to B3 from B2. The rating
outlook is negative.

The downgrade reflects the company's negative free cash flow
generation and weakened credit protection metrics. Since the late
2014 leveraged buyout, TOMS has made progress in diversifying its
product line outside the core alpargata shoe. However, EBITDA
(including add-backs for items that Moody's considers
non-recurring) is declining over the prior year as a result of
higher spending to support and grow the business, channel mix
shift, and foreign currency pressure.

The negative outlook reflects the risk that TOMS may not be able to
generate sufficient profitable growth to reduce leverage
meaningfully and return to solidly positive free cash generation by
the end of 2016.

Moody's took the following rating actions on TOMS Shoes, LLC:

-- Corporate Family Rating, downgraded to B3 from B2

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

-- $306.5 million senior secured term loan due 2020, downgraded
    to B3 from B2

-- Outlook is negative

RATINGS RATIONALE

The B3 CFR reflects TOMS' weak operating performance since the LBO,
which resulted in debt/EBITDA increasing to the high-6 times range
as of Q2 2015, compared with mid-4 times in Q2 2014 pro-forma for
the LBO. These metrics exclude EBITDA items that Moody's considers
non-recurring, and meaningfully differ from credit agreement
measures. Moody's views TOMS' current leverage as appropriate for
the B3 rating category considering the company's small scale,
fashion risk inherent in the apparel category, and very limited
revenue diversification compared to the majority of rated apparel
peers, with about 60% of sales derived from the alpargata line
based on year-to-date 2015 revenue results. However, earnings are
deteriorating and a turnaround is necessary to alleviate downward
leverage pressure. The rating is supported by the company's growth
outside alpargata shoes and the ongoing appeal of its successful
philanthropic-based "one-for-one" product giveaway commitment.

Moody's expects the company to have adequate liquidity in the next
12-18 months, including modestly positive free cash flow generation
and sufficient revolver availability to fund seasonal working
capital needs. There are also no term loan financial maintenance
covenants and Moody's does not expect unused availability to drop
below the level that would trigger the revolver's 1.0 times minimum
fixed charge coverage ratio covenant. The liquidity position
creates important support for the B3 CFR by providing TOMS some
flexibility to execute its plans to restore profitable growth.

The ratings could be lowered if liquidity deteriorates for any
reason, including continued negative free cash generation. In
addition, the ratings could be pressured if it appears that TOMS'
is unable to profitably diversify its revenue and/or its core
product and philanthropic "one-for-one" shoe giveaway commitment is
no longer resonating strongly with consumers.

The ratings could be upgraded if TOMS achieves and sustains revenue
and EBITDA growth for a prolonged period, while profitably
diversifying its revenues. A higher rating would also require the
ability and willingness to achieve and maintain stronger
debt-protection metrics than similarly rated peers, including
lease-adjusted debt/EBITDA below 4.0 times and EBITA/interest
expense of over 2 times.

TOMS Shoes, LLC is a designer, retailer, and wholesaler of
primarily of footwear under the TOMS brand. TOMS' commitment to
donating one free product for each one sold is a cornerstone of its
business strategy. The company's products are sold globally in the
wholesale channel and directly to consumers through ecommerce and
TOMS retail stores. Revenue for the twelve months ended June 30,
2015 was about $392 million. The company was founded by Mr. Blake
Mycoskie in 2006 and controlled by Bain Capital since Bain's
acquisition of a 50% ownership stake in October 2014.



TRANS-LUX CORP: Gabelli Funds Reports 24.2% Stake as of Nov. 2
--------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Gabelli Funds, LLC disclosed that as of Nov. 2, 2015,
it beneficially owned 404,250 shares of common stock of Trans-Lux
Corporation, representing 24.17 percent of the shares outstanding.
A copy of the regulatory filing is available for free at:

                         http://is.gd/pZ8b1T

                    About Trans-Lux Corporation

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

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

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

BDO USA, LLP, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that the Company has suffered recurring losses from
operations and has a significant working capital deficiency that
raise substantial doubt about its ability to continue as a going
concern.  Further, the auditors said, the Company is in default of
the indenture agreements governing its outstanding 9-1/2%
Subordinated debentures which were due in 2012 and its 8-1/4%
Limited convertible senior subordinated notes which were due in
2012 so that the trustees or holders of 25% of the outstanding
Debentures and Notes have the right to demand payment immediately.
Additionally, the Company has a significant amount due to their
pension plan over the next 12 months.


TRIREME MEDICAL: Takes $20M Catheter IP Loss to Fed. Circuit
------------------------------------------------------------
Vin Gurrieri at Bankruptcy Law360 reported that TriReme Medical
urged the Federal Circuit on Oct. 27, 2015, to consider whether it
has to immediately pay a $20 million judgment to rival AngioScore
over a heart catheter design, saying a California federal judge's
decision not to halt the payout while the appeal proceeds could
drive the company into bankruptcy.

U.S. District Judge Yvonne Gonzalez Rogers had found after a bench
trial in April that AngioScore Inc. board member Eitan Konstantino
breached his fiduciary duties by developing a competing catheter
for TriReme Medical LLC.

As reported in the TCR on Oct. 23, 2015, Daniel Langhorne at
BankruptcyData reported that TriReme Medical urged a California
federal judge on Oct. 14, 2015, to stay the payout of a
$20 million judgment and waive any bond while it appeals its loss
in a fight with rival AngioScore over a heart catheter design,
saying putting up the money would put it out of business.

U.S. District Judge Yvonne Gonzalez Rogers found after a bench
trial in April that AngioScore Inc. board member Elitan Konstantino
breached his fiduciary duties by developing a competing catheter
for TriReme Medical LLC.



UNI-PIXEL INC: Announces Streamlining of Cost Structure
-------------------------------------------------------
Applied Minerals, Inc., disclosed it has implemented a number of
cost-saving initiatives that will serve to strengthen its
operational model and enhance its liquidity position as it executes
the next steps of its strategy to penetrate the application markets
for both its DRAGONITE halloysite clay and AMIRON iron oxide
products.

In total, the Company expects these initiatives to reduce its
annual fixed costs from approximately $9 million to under $6
million.  The savings realized from these initiatives will be
derived from efficiencies realized from all aspects of the
business, both corporate and operational, putting the company in a
stronger position to execute on its current business and pipeline
opportunities.  Additional liquidity is expected to be realized
from the auction of the Company's non-operating real estate assets
located in Shoshone County, ID.

Operational Initiatives

Cost savings related to the Company's operations are primarily due
to the Company's completion of required exploration and development
work at the Dragon Mine property.  With the infrastructure of the
mine now successfully complete and sufficient stockpiles of
halloysite clay and iron oxide established, the Company has been
able to strategically reduce the heavy exploration expenditures and
associated headcount related to these activities.  These
efficiencies will be realized without disrupting the Company's
ability to satisfy its current business and pipeline opportunities.
As a result of the completed work, Applied Minerals anticipates
providing an upgraded resource statement with increases to both the
quality and quantity of our halloysite and iron oxide resources, in
the near future.

Corporate Initiatives

Cost savings related to corporate expenses include, but are not
limited to, the restructuring of the compensation of certain
members of management team and Board of Directors, the internal
adoption of certain outsourced professional services and the
assumption of the role of Chief Financial Officer by Chris Carney.
Management will continue to allocate significant resources to the
Company's sales and marketing efforts.

Sale of Legacy, Non-Core Assets

The Company has engaged the J.P. King Auction Company, a leading
US-based real estate auctioneer, to conduct an auction of
approximately 1,000 acres of non-core real estate assets located in
Shoshone County, ID. The auction is scheduled to be completed by
January 2016 and the proceeds will further strengthen the Company's
liquidity position.  It should be stressed that this non-operating
legacy asset has never been part of the Company’s halloysite and
iron oxide business and in a legacy asset that has no operation.
More information regarding the auction of this asset can be found
at www.jpking.com.

Statement from Management

According to Andre Zeitoun, president and CEO of Applied Minerals,
"We are pleased to announce that the Company will significantly
lower its cost structure through both the planned completion of the
Dragon Mine's underground development and the reduction of certain
expenses at our corporate headquarters.  These initiatives will
significantly strengthen our liquidity position without, in any
way, affecting the resources allocated to the Company's sales and
marketing efforts.  We're pursuing a number of very attractive
commercial opportunities for our DRAGONITE and AMIRON products and
these cost savings initiatives will better position us to convert
the opportunities that lie before us.  Our reduced cost structure,
in conjunction with our recently announced $5.0 million iron oxide
supply agreement, positions the Company in a strong financial
position to continue the execution of its business with no current
or future plan of raising additional equity capital to fund its
operation.

                     About Applied Minerals

New York City-based Applied Minerals, Inc. (OTC BB: AMNL) is a
leading global producer of halloysite clay used in the development
of advanced polymer, catalytic, environmental remediation, and
controlled release applications.  The Company operates the Dragon
Mine located in Juab County, Utah, the only commercial source of
halloysite clay in the western hemisphere.  Halloysite is an
aluminosilicate clay that forms naturally occurring nanotubes.

Applied Minerals reported a net loss of $10.3 million in 2014, a
net loss of $13.06 million in 2013 and a net loss of $9.73 million
in 2012.  As of Dec. 31, 2014, the Company had $18.5 million in
total assets, $26 million in total liabilities, and a $7.51 million
total stockholders' deficit.


UNI-PIXEL INC: Incurs $10 Million Net Loss in Third Quarter
-----------------------------------------------------------
Uni-Pixel, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $10.02
million on $1.49 million of revenue for the three months ended
Sept. 30, 2015, compared to a net loss of $5.61 million on $0 of
revenue for the same period during the prior year.

For the nine months ended Sept. 30, 2015, the Company recorded a
net loss of $31.5 million on $2.86 million of revenue compared to a
net loss of $17.9 million on $0 of revenue for the same period a
year ago.

As of Sept. 30, 2015, the Company had $26.0 million in total
assets, $10.9 million in total liabilities and $15.04 million in
total shareholders' equity.

Jeffrey A. Hawthorne, president and chief executive officer of
UniPixel, said, "The just completed quarter marks UniPixel's second
quarter as a fully functional volume manufacturing and commercial
sales company.  Over the course of these two quarters we have taken
significant strides in developing new products, refining our
manufacturing capabilities, introducing our products to a broad
cross-section of the PC manufacturing community in the U.S., and
establishing a foothold in Asia to drive our business in
international markets.  Our products are now under review and
evaluation at a number of Tier 1 PC manufacturers, compared to none
last year at this time, and we continue to receive RFPs (requests
for proposals) for our products.  We have made excellent progress
in establishing a competitive position within the touch screen
segment in a relatively short period of time."

Mr. Hawthorne continued, "The product development process at the
leading device manufacturers can be long and intensive, and we
continue to be effective and efficient in responding to customer
requests.  Our metal mesh touch screen technology is at the heart
of a superior and differentiated product which we believe will
command an important piece of the market in the coming years. In
addition, our Diamond Guard technology will allow OEMs to replace
cover glass in certain applications to produce devices that are
lighter, thinner and more price competitive.  While we will not be
satisfied until we receive a steady flow of orders, we are pleased
with the progress to this point and look forward to great
improvements in the coming quarters and years."

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

                      http://is.gd/HFZAZM

                      About Uni-Pixel Inc.

The Woodlands, Tex.-based Uni-Pixel, Inc. (OTC BB: UNXL)
-- http://www.unipixel.com/-- is a production stage company       

delivering its Clearly Superior(TM) Performance Engineered Films
to the Lighting & Display, Solar and Flexible Electronics market
segments.

Uni-Pixel incurred a net loss of $25.7 million in 2014, a net loss
of $15.2 million in 2013 and a net loss of $9.01 million in 2012.


UNIVERSITY GENERAL: Has Until Jan. 25 to Propose Chapter 11 Plan
----------------------------------------------------------------
BankruptcyData reported that the Bankruptcy Court approved
University General Health System's second motion to extend the
exclusive period during which the Company can file a Chapter 11
plan and solicit acceptances thereof through and including
Jan. 25, 2016, and March 23, 2016, respectively.

The Debtors explained that since the previous order extending the
exclusivity periods, they have made substantial progress toward a
sale of substantially all of their hospital assets.  On Oct. 15,
2015, the Court entered an order approving bid procedures and
scheduling a hearing to approve a sale of the Debtors' assets on
Nov. 9, 2015.  Shortly thereafter, the Debtors intend to file a
plan of liquidation that will address the distribution of the
proceeds from the sale.

                  About University General

University General Health System, Inc., with headquarters in
Houston, Texas, is a multi-specialty health care provider that
delivers concierge physician- and patient-oriented services. UGHS
and its consolidated subsidiaries operate, amongst others, a
general acute care hospital, ambulatory surgical centers,
hyperbaric wound care centers, diagnostic imaging centers, physical
therapy centers, and senior living centers.

UGHS owns the University General Hospital, a 72-bed, general acute
care hospital in the heart of the Texas Medical Center in Houston,
Texas.

UGHS and its affiliated entities sought Chapter 11 protection
(Bankr. S.D. Tex. Lead Case No. 15-31086) in Houston, Texas, on
Feb. 27, 2015. The case is assigned to Judge Letitia Z. Paul.  The
Debtor-affiliates are UGHS Autimis Billing, Inc., UGHS Autimis
Coding, Inc., UGHS ER Services, Inc., UGHS Hospitals, Inc., UGHS
Management Services, Inc., UGHS Support Services, Inc., University
General Hospital, LP, and University Hospital Systems, LLP.

The Debtors have tapped John F Higgins, IV, Esq., Aaron James
Power, Esq., and Joshua W. Wolfshohl, Esq., at Porter Hedges LLP,
in Houston, Texas, as counsel. Upshot Services, LLC, is the claims
and noticing agent.

U.S. Trustee Judy A. Robbins formed a nine-member panel of
unsecured creditors in the Chapter 11 cases of the Debtors.



US RENAL CARE: Moody’s Rates $1.9BB First Lien Secured Loans 'B1'
-------------------------------------------------------------------
Moody's Investors Services assigned a B1 rating to U.S. Renal Care,
Inc.'s ("U.S. Renal") proposed $1.9 billion senior secured credit
facilities, composed of a $150 million revolver and $1.75 billion
first lien term loan. In addition, Moody's assigned a Caa1 rating
to the company's $265 million second lien term loan. Concurrently,
Moody's has confirmed U.S. Renal's B2 Corporate Family Rating and
B2-PD Probability of Default Rating. The rating outlook is stable.
This rating action concludes the ratings review on U.S. Renal
initiated on August 25, 2015. Upon closing of the transaction, all
ratings at Dialysis Newco, Inc. ("DSI Renal") will be withdrawn.

On August 24, 2015, U.S. Renal entered into a definitive agreement
to merge in an all-stock transaction with DSI Renal. Proceeds from
the new senior secured credit facilities and 2nd lien term loan
will be used to refinance outstanding borrowings at both U.S. Renal
and DSI Renal.

The following is a summary of Moody's rating actions:

U.S. Renal Care, Inc.

Ratings assigned:

Revolver Credit Facility expiring in 2020 at B1 (LGD 3)

Senior secured first lien term loan due 2022 at B1 (LGD 3)

Senior secured second lien term loan due 2023 at Caa1 (LGD 6)

Ratings confirmed:

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

Senior secured revolving credit facility expiring in 2017 at Ba3(
LGD 3) (ratings to be withdrawn)

Senior secured first lien term loan due 2019 at Ba3 (LGD 3)
(ratings to be withdrawn)

Senior secured second lien term loan due 2020 at Caa1 (LGD 5)
(ratings to be withdrawn)

RATINGS RATIONALE

U.S. Renal's B2 Corporate Family Rating reflects high financial
leverage associated with an aggressive acquisition strategy and a
shareholder friendly financial policy. Furthermore, the company's
scale is relatively small compared to the two largest players in
the sector and revenues remain highly concentrated in reimbursement
from government based programs. The rating benefits from Moody's
expectation of a stable industry profile, characterized by the
increasing incidence of end stage renal disease and the medical
necessity of the service provided.

The stable outlook reflects our expectation that the company will
continue to see organic growth and that operating results will be
bolstered by both de novo development of new centers and tuck-in
acquisitions. The outlook also reflects Moody's anticipation that
the company will remain disciplined in its acquisition strategy
with respect to leverage.

Although an upgrade is unlikely in the near-term, the ratings could
be upgraded should the company reduce and sustain adjusted
debt/EBITDA below 5.0 times. Additionally, for Moody's to consider
an upgrade, U.S. Renal would need to grow its revenue base.

Moody's could downgrade the rating if the company fails to see the
expected improvement in financial leverage, experiences disruptions
in the integration of DSI Renal's operations or increases leverage
for acquisitions or shareholder initiatives such that debt to
EBITDA will be sustained above 6.0 times.

U.S. Renal Care provides dialysis services to patients who suffer
from chronic kidney failure. The company provides dialysis services
through 201 outpatient facilities in 20 states and the Territory of
Guam, along with acute dialysis services through contractual
relationships with hospitals and dialysis centers to patients in
their homes. Post DSI Renal acquisition, the combined company will
operate 304 outpatient facilities in 33 states and the Territory of
Guam. U.S. Renal is owned by private equity sponsors, Leonard Green
& Partners, L.P., Frazier Healthcare, New Enterprise Associates,
Cressey & Company, SV Life Sciences and management.


VISION SOLUTIONS: Moody’s Lowers Corporate Family Rating to 'B3'
------------------------------------------------------------------
Moody's Investors Service downgraded Vision Solutions' corporate
family rating ("CFR") to B3 and probability of default rating
("PDR") to B3-PD, from B2 and B2-PD, respectively. The first lien
debt rating was affirmed at B1 and the rating on the second lien
term loan was downgraded to Caa2 from Caa1. The ratings outlook
remains negative.

RATINGS RATIONALE

The downgrade of the CFR to B3 reflects Vision's continued
challenges with declining license sales, particularly from the
former Double-Take business, as well as significant debt maturities
in 2016 and 2017. Also, while the company has had some success in
taking out costs to address revenue declines, EBITDA margins will
likely remain under pressure. At July 31, 2015, leverage (Moody's
adjusted) was approximately 5x which Moody's considers high given
the continued revenue challenges. The high leverage is partially
mitigated by the expectation that the company will continue to
produce healthy levels of free cash flow (Moody's expects
approximately $20 million of FCF over the next 12 months), which
combined with required debt amortization and excess cash flow sweep
requirements of the debt facilities, could drive de-leveraging to
below 4.5x over the next year. Vision also benefits from a
predictable maintenance revenue base and has a strong position as a
provider of sophisticated high availability, recovery and related
software for key IBM System i and Windows based server platforms.
Nonetheless, given its acquisitive nature and history of debt
financed dividends, leverage is likely to remain at elevated
levels. Also, the risks related to refinancing their secured debt
includes the potential for substantially higher interest costs and
fees, resulting in lower FCF and leverage in the high 4x range over
the next 12 months.

The negative outlook reflects execution risks related to Vision's
ongoing efforts to stem declining revenues and refinancing risks
related to significant debt maturities in 2016 and 2017. Moody's
anticipates revenues to decline slightly, EBITDA to be flat, and
FCF to be flat (if existing debt is extended or refinanced under
similar interest rate levels), over the next 12 months. The ratings
outlook could be changed to stable if Moody's expects revenues to
stabilize and Vision refinances its 2016 and 2017 debt maturities
on a long term basis.

Vision's ratings could be upgraded if the company shows sustained
improvement in revenues and EBITDA, refinances its pending debt
maturities on a long term basis, and leverage is expected to be
sustained below 4.5x.

The ratings could be downgraded if revenues or profitability
continued to erode or the probability of default increases due to a
failure to refinance the secured credit facilities.

Moody's has taken the following actions:

Issuer: Vision Solutions, Inc.

Corporate Family Rating -- Downgrade to B3 from B2

Probability of Default -- Downgrade to B3-PD from B2-PD

Senior Secured First Lien Term Loan Credit Facility due
July 23, 2016 -- Affirmed at B1 (LGD3)

Senior Secured Second Lien Term Loan Credit Facility due
July 23, 2017 -- Downgraded to Caa2 (LGD5) from Caa1.

Outlook -- Negative

Vision Solutions, Inc., headquartered in Irvine, CA, is a provider
of recovery and related software for IBM Power Systems and Windows
based servers. Vision is majority owned and controlled by the
private equity firm, Thoma Bravo. The company had sales of
approximately $143 million for LTM July 31, 2015.



WALTER ENERGY: Enters Into Asset Purchase Agreement with Sr. Lender
-------------------------------------------------------------------
Walter Energy, Inc. on Nov. 5 disclosed that it has entered into an
asset purchase agreement (the "APA") with a newly formed entity
capitalized and owned by members of the Company's senior lender
group, pursuant to which the new company will acquire substantially
all of Walter Energy's Alabama assets.

The APA contemplates, among other things, cash consideration of
$5.4 million, a $1.25 billion credit bid of existing indebtedness
and the assumption of certain liabilities.  The agreement has been
filed with the Bankruptcy Court for the Northern District of
Alabama in connection with a proposed, court-supervised auction
process under section 363 of the Bankruptcy Code.  Accordingly, the
APA is subject to higher or otherwise better offers, among other
conditions.

An asset sale was one of the possible means of achieving the
restructuring sought by Walter Energy when it filed for chapter 11
protection in July.  Electing this path now will allow the Company
to continue moving forward expeditiously with its restructuring,
and represents what the Company believes is the best path forward
in a highly challenging industry environment.

On July 15, 2015, Walter Energy and its U.S. subsidiaries filed for
relief under chapter 11 of the U.S. Bankruptcy Code in the
Bankruptcy Court for the Northern District of Alabama.  Walter
Energy's non-U.S. operations, including those in Canada and the
U.K., are not included in the filings or in the APA.

                      About Walter Energy

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

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

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

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

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

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

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



WEST CORP: Reports Third Quarter 2015 Results
---------------------------------------------
West Corporation reported net income of $49.5 million on $574
million of revenue for the three months ended Sept. 30, 2015,
compared to net income of $16.1 million on $568 million of revenue
for the same period during the prior year.

For the nine months ended Sept. 30, 2015, the Company reported net
income of $180 million on $1.71 billion of revenue compared to net
income of $110 million on $1.65 billion of revenue for the same
period last year.

As of Sept. 30, 2015, the Company had $3.55 billion in total
assets, $4.15 billion in total liabilities and a $596 million total
stockholders' deficit.

"The Company was once again able to modestly grow its revenue base,
successfully overcoming some previously disclosed near-term
headwinds," said Tom Barker, chairman and chief executive officer
of West Corporation.  "West generated double-digit growth in free
cash flow during the quarter and continued to invest in future
growth with the acquisitions of ClientTell and Magnetic North."

"During the quarter, Gartner released its annual Unified
Communications-as-a-Services (UCaaS) report and named West as one
of three firms positioned in its Leader's Quadrant.  Gartner
evaluates providers based on the completeness of their vision and
their ability to execute.  We are proud to be named a Leader by
Gartner for the fourth consecutive year and appreciative of the
recognition of our industry-leading solutions," Barker continued.

At Sept. 30, 2015, West Corporation had cash and cash equivalents
totaling $182.5 million and working capital of $(6.6) million.
Working capital was negatively impacted by the Company's Senior
Secured Term Loan Facility balance of $250 million becoming current
during the third quarter of 2015.  The facility is due in July
2016.  

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

                       http://is.gd/ayYIUO

                      About West Corporation

Omaha, Neb.-based West Corporation is a global provider of
communication and network infrastructure solutions.  West helps
manage or support essential enterprise communications with services
that include conferencing and collaboration, public safety
services, IP communications, interactive services such as automated
notifications, large-scale agent services and telecom services.

West Corp reported net income of $158 million in 2014 following net
income of $143 million in 2013.

                        Bankruptcy Warning

The Company is required to comply on a quarterly basis with a
maximum total leverage ratio covenant and a minimum interest
coverage ratio covenant under its senior secured credit facilities
and senior secured revolving credit facility.

"Our failure to comply with these debt covenants may result in an
event of default which, if not cured or waived, could accelerate
the maturity of our indebtedness.  If our indebtedness is
accelerated, we may not have sufficient cash resources to satisfy
our debt obligations and we may not be able to continue our
operations as planned.  If our cash flows and capital resources are
insufficient to fund our debt service obligations and keep us in
compliance with the covenants under our Amended Credit Agreement or
to fund our other liquidity needs, we may be forced to reduce or
delay capital expenditures, sell assets or operations, seek
additional capital or restructure or refinance our indebtedness
including the notes.  We cannot ensure that we would be able to
take any of these actions, that these actions would be successful
and would permit us to meet our scheduled debt service obligations
or that these actions would be permitted under the terms of our
existing or future debt agreements, including our Senior Secured
Credit Facilities and the indenture that governs the notes.  The
Amended Credit Agreement and the indenture that governs the notes
restrict our ability to dispose of assets and use the proceeds from
the disposition.  As a result, we may not be able to consummate
those dispositions or use the proceeds to meet our debt service or
other obligations, and any proceeds that are available may not be
adequate to meet any debt service or other obligations then due.

If we cannot make scheduled payments on our debt, we will be in
default, and as a result:

   * our debt holders could declare all outstanding principal and
     interest to be due and payable;

   * the lenders under our Senior Secured Credit Facilities could
     terminate their commitments to lend us money and foreclose
     against the assets securing our borrowings; and

   * we could be forced into bankruptcy or liquidation," the
     Company said in its quarterly report for the period ended
     June 30, 2015.

                          *     *     *

As reported by the TCR on June 21, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on West Corp. to 'BB-'
from 'B+'.  The upgrade reflects Standard & Poor's view that lower
debt leverage and a less aggressive financial policy will
strengthen the company's financial profile.

In the April 4, 2013, edition of the TCR, Moody's Investor Service
upgraded West Corporation's Corporate Family Rating to 'B1' from
'B2'.  "The CFR upgrade to B1 reflects West's shift to a more
conservative capital structure and financial policies as a publicly
owned company," stated Moody's analyst Suzanne Wingo.


YELLOW CAB: Can Continue Paying Key Partner in Chapter 11
---------------------------------------------------------
Jessica Corso at Bankruptcy Law360 reported that a Yellow Cab
subsidiary that slid into Chapter 11 following an accident that
severely injured a real estate attorney can continue making monthly
payments to the company that keeps its day-to-day operations
running, an Illinois federal judge said on Oct. 28, 2015,
overruling objections by a creditor's committee.

The unsecured creditors committee said it had always been the
practice of Yellow Cab Affiliation Inc. to pay Taxi Affiliation
Services LLC on a yearly basis so that TAS could fund the
accounting and back-office operations of the debtor.

                   About Yellow Cab Affiliation

Chicago, Illinois-based Yellow Cab Affiliation, Inc., filed for
Chapter 11 protection (Bankr. N.D. Ill. Case No. 15-09539) on March
18, 2015.  The petition was signed by Michael Levine, president.

Bankruptcy Judge Hon. Carol A. Doyle presides over the case.

Matthew T. Gensburg, Esq., and Martin S Kedziora, Esq., at
Greenberg Traurig, LLP, and Bruce Zirinksky represent the Debtor in
its restructuring effort.

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



[*] Energy Company Distress on the Rise
---------------------------------------
Deirdre Fretz, a Bloomberg Brief editor, reported that that so far
this year, 18 U.S. energy companies with liabilities of $100
million or more have filed for Chapter 11 bankruptcy protection.

According to the report, credit rating downgrades suggest that more
distress is coming.  Moody's has
made 204 downward revisions to its credit ratings of energy
companies so far this year, up from 74 in 2014, the report related.


[*] Oilfield Bankruptcies to Drive Defaults to 4-Year High
----------------------------------------------------------
David Wethe, writing for Bloomberg News, reported that bankruptcies
from oil and gas companies including Samson Resources and Hercules
Offshore Inc. are the biggest driver behind the rise in the U.S.
corporate default rate to its highest in four years.

According to Bloomberg, citing an Oct. 30 report by Moody's
Investors Service, the industry, including producers and their
service providers, contributed five of the 12 defaults in the U.S.
during the third quarter.  The U.S. default rate is expect to climb
to a four-year-high of 3.8 percent in October 2016, Bloomberg said,
citing Moody's.

The defaults have been part of the fallout of a market crash that's
cut oil prices in half since their peak in June 2014, the Bloomberg
report noted.


[*] Senior Facilities Among Distressed Businesses
-------------------------------------------------
Aleksandrs Rozens and Carolina Wilson, writing for Bloomberg Brief
- Distress & Bankruptcy, reported that about 70 percent of
distressed health-care businesses tracked by the Polsinelli/TrBK
Healthcare Services Distress Research Index in the third quarter
had assets of $1 million to $10 million.

These included senior living facilities, clinics and surgery
centers, said Bobby Guy, shareholder at Polsinelli, the Bloomberg
report related.


[*] Strong Auto Sales Continue But Industry Risks Remain, Fitch Say
-------------------------------------------------------------------
Auto sales continue to be strong in the U.S., but numerous industry
risks pose ongoing challenges, according to Fitch Ratings.  Weak
market conditions in a number of regions outside the U.S., labor
contract negotiations in the U.S., fallout from the Volkswagen AG
(VW) emissions scandal, and threats from new business models are
all pressuring the sector despite a relatively strong demand
environment in the U.S.

After a weaker-than-expected first quarter, light vehicle sales
exceeded Fitch's expectations through the second and third
quarters.  As a result, Fitch is raising its full-year U.S. light
vehicle sales forecast to 17.2 million, which assumes that the
seasonally adjusted annual rate of sales moderates a bit in latter
part of the fourth quarter.

Against this strong U.S. market backdrop, the United Auto Workers
and FCA US LLC (FCA US) reached agreement on a new four-year labor
agreement in October 2015 that begins the process of closing the
gap between Tier 1 and Tier 2 wages, which has been an important
contributor to lower costs in the U.S.  Workers are currently
voting on a similar agreement reached between the union and General
Motors Company (GM) that also closes the Tier 1-Tier 2 gap.
Negotiations with Ford Motor Company (Ford) will resume once the
agreement with GM has been ratified.

Outside the U.S., Fitch has concerns that an accelerated industry
shift away from diesel in Europe as a result of the VW emissions
scandal could be negative for certain U.S. suppliers, particularly
if it is offset by increased vehicle electrification.  However, a
shift to electrification could also drive opportunities for certain
suppliers of electrical architecture products.  A move away from
diesel could also lead to more consolidation among suppliers as
companies with significant diesel exposure try to acquire
technologies that might become increasingly relevant with more
electrification.

Longer term, a number of new entrants are looking to disrupt the
traditional auto business, from established technology companies to
electric car manufacturers and ride sharing services.  Although
these new entrants have not yet had a discernable effect on
traditional automakers' sales, the incumbents nevertheless see them
as a potential competitive threat, and their influence is already
being seen in several automakers' strategic plans around the future
of mobility.



[*] Wells Fargo Reaches Settlement Over Ch.13 PcNs, Escrow Analyses
-------------------------------------------------------------------
Wells Fargo & Company has reached an agreement with the Executive
Office of the United States Trustee Program regarding Payment
Change Notices (PCNs) for the bankruptcy court and escrow analyses
for customers in Chapter 13 bankruptcy between December 2011 and
March 2015.

"We believe we have made the necessary investments and improvements
in our systems and processes to ensure that payment change notices
for the bankruptcy court and escrow analyses for customers in
bankruptcy areproperlyprepared and delivered in a timely fashion,"
stated Michael DeVito, executive vice president for Wells Fargo
Home Mortgage.  "We will work with the U.S. Trustee's office and an
independent reviewer to demonstrate the effectiveness of our
improvements and to provide payments to customers, as required."

The settlement, which resolves disagreements regarding the filing
of PCNs and the preparation of annual escrow analyses, includes a
total of $81.6 million in payments to customers. The Company has
previously reserved for the amount of the settlement.

                        About Wells Fargo

Wells Fargo & Company is a nationwide, diversified, community-based
financial services company with $1.8 trillion in assets. Founded in
1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and
commercial finance through 8,700 locations, 12,800 ATMs, the
internet (wellsfargo.com) and mobile banking, and has offices in 36
countries to support customers who conduct business in the global
economy.  With approximately 265,000 team members, Wells Fargo
serves one in three households in the United States.  Wells Fargo &
Company was ranked No. 30 on Fortune's 2015 rankings of America's
largest corporations.  



[] Ch. 15 Caseload Eclipses 2014 Full-Year Pace
-----------------------------------------------
Aleksandrs Rozens, writing for Bloomberg Brief - Distress &
Bankruptcy, reported that as of Oct. 29, 31 foreign companies have
filed Chapter 15 bankruptcy petitions, exceeding the same period a
year ago, when there were 25 cases.

According to the report, the number of cases filed to date also
exceeds the full-year pace of 2014, when there were 30 Chapter 15
petitions.  Twenty-six percent of the 31 Chapter 15 petitions filed
as of Oct. 29 this year are Canadian businesses, including Cash
Store, a pay day lender brought into bankruptcy by regulatory
issues and class actions, the report related.


[^] BOOK REVIEW: Oil Business in Latin America: The Early Years
---------------------------------------------------------------
Author:  John D. Wirth Ed.
Publisher:  Beard Books
Softcover:  282 pages
List price:  $34.95
Review by Gail Owens Hoelscher
Buy a copy for yourself and one for a colleague on-line at
http://is.gd/DvFouR

This book grew out of a 1981 meeting of the American Historical
Society. It highlights the origin and evolution of the state-
owned petroleum companies in Argentina, Mexico, Brazil, and
Venezuela.

Argentina was the first country ever to nationalize its
petroleum industry, and soon it was the norm worldwide, with the
notable exception of the United States. John Wirth calls this
phenomenon "perhaps in our century the oldest and most
celebrated of confrontations between powerful private entities
and the state."

The book consists of five case studies and a conclusion, as
follows:

     * Jersey Standard and the Politics of Latin American Oil
          Production, 1911-30 (Jonathan C. Brown)

     * YPF: The Formative Years of Latin America's Pioneer State
          Oil Company, 1922-39 (Carl E. Solberg)

     * Setting the Brazilian Agenda, 1936-39 (John Wirth)

     * Pemex: The Trajectory of National Oil Policy (Esperanza
          Duran)

     * The Politics of Energy in Venezuela (Edwin Lieuwen)

     * The State Companies: A Public Policy Perspective (Alfred
          H. Saulniers)

The authors assess the conditions at the time they were writing,
and relate them back to the critical formative years for each of
the companies under review. They also examine the four
interconnecting roles of a state-run oil industry and
distinguish them from those of a private company. First, is the
entrepreneurial role of control, management, and exploitation of
a nation's oil resources. Second, is production for the private
industrial sector at attractive prices. Third, is the
integration of plans for military, financial, and development
programs into the overall industrial policy planning process.
Finally, in some countries is the promotion of social
development by subsidizing energy for consumers and by promoting
the government's ideas of social and labor policy and labor
relations.

The author's approach is "conceptual and policy oriented rather
than narrative," but they provide a fascinating look at the
politics and development of the region. Mr. Brown provides a
concise history of the early years of the Standard Oil group and
the effects of its 1911 dissolution on its Latin American
operations, as well as power struggles with competitors and
governments that eventually nationalized most of its activities.
Mr. Solberg covers the many years of internal conflict over oil
policy in Argentina and YPF's lack of monopoly control over all
sectors of the oil industry. Mr. Wirth describes the politics
and individuals behind the privatization of Brazil's oil
industry leading to the creation of Petrobras in 1953. Mr. Duran
notes the wrangling between provinces and central government in
the evolution of Pemex, and in other Latin American countries.
Mr. Lieuwin discusses the mixed blessing that oil has proven for
Venezuela., creating a lopsided economy dependent on the ups and
downs of international markets. Mr. Saunders concludes that many
of the then-current problems of the state oil companies were
rooted in their early and checkered histories." Indeed, he says,
"the problems of the past have endured not because the public
petroleum companies behaved like the public enterprises they
are; they have endured because governments, as public owners,
have abdicated their responsibilities to the companies."

Jonh D. Wirth is Gildred Professor of Latin American Studies at
Standford University.



                            *********

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.

                            *********

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