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      T R O U B L E D   C O M P A N Y   R E P O R T E R

               September 12, 1997, Vol. 1, No. 15

                        In This Issue

ABC INTERNATIONAL: Motion for Approval of Settlement
CAMPO ELECTRONICS: Notice of Hearing to Extend Use of Cash Collateral
CLOTHESTIME: To Emerge From Bankruptcy
DOEHLER-JARVIS: Seeks Extension to Assume or Reject Leases
MARVEL: Equity Committee May Support Dismissal of Chapter 11

MONTGOMERY WARD: Names Thomas Paup Executive VP and CFO
MONTGOMERY WARD: Seeks Software License Agreement
POCKET: FCC Opposes Expedited Hearing
SUBSTANCE ABUSE TECHNOLOGIES: Files Chapter 11 Petition

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ABC INTERNATIONAL: Motion for Approval of Settlement
----------------------------------------------------
ABC International Traders Inc., seeks court approval for the asserted
unsecured claims of E. James Rausch and Leon Michanie.  The claims were in
excess of $5.6 million.  In settlement, the parties have compromised to
pay;ment of the sum of $135,000 plus 50%, up to a maximum of $340,000 of
ABC’s net recovery from the successful prosecution of r settlement of a
presently pending lawsuit against Matsushita Electric Corporation.

The motion is set for October 1, 1997 at 9:30 AM in Courtroom 302, 21041
Burbank Boulevard, Woodland Hills, California


CAMPO ELECTRONICS: Notice of Hearing to Extend Use of Cash Collateral
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Campo Electronic, Appliances and Computers, Inc. and Transamerica
Commercial Finance Corporation have filed a joint motion to extend interim
orders authorizing the debtor’s use of cash collateral and authorizing
post-petition financing and to continue the hearing on Final Orders.  The
hearing on Final Orders and any objections thereto have been reset for
September 29, 1997 at 2:15 PM in the United States Bankruptcy Court for
the Eastern District of Louisiana, 501 Magazine Street, New Orleans, LA
70130.

All objections must be filed with the court, and a copy served on counsel
for the debtor Douglas S. Draper, 909 Poydras St., Suite 2630, New Orleans,
LA 70130 and upon counsel for Transamerica Commercial Finance Corporation,
Stephen L. Williamson, 3200 Energy Centre, 1100 Poydras Street, New
Orleans, LA 70163


CLOTHESTIME: To Emerge From Bankruptcy
--------------------------------------
The Clothestime Inc. announced that Judge John J. Wilson of the United
States Bankruptcy Court for the Central District of California has entered
an order confirming the joint chapter 11 reorganization plan of
Clothestime and its five debtor affiliates, clearing the way for the
companies to emerge officially from bankruptcy.

David Sejpal, the chairman of the board, president and chief executive
officer of Clothestime, hailed the confirmation of the companies' plan of
reorganization as "the culmination of months of extraordinarily hard work
by Clothestime's more than 1,700 associates and its numerous suppliers and
other creditors."

Sejpal also expressed thanks to the company's customers. "Our customers
have remained extremely supportive of Clothestime throughout this
difficult process.  In fact, notwithstanding the bankruptcy, we have
continued to experience strong customer loyalty to the Clothestime
concept."

Sejpal indicated he was delighted that, now that the process has
concluded, the company "will be able to devote its full attention to
providing its customers with the best selection of fashion merchandise at
20 to 40 percent below department and specialty store prices."
  
Clothestime and its affiliates will continue to operate over 260 women's
apparel stores located primarily in California, Florida and Texas.
Clothestime is a leading apparel fashion retailer providing current junior
women's fashions and accessories at value prices every day.


DOEHLER-JARVIS: Seeks Extension to Assume or Reject Leases
----------------------------------------------------------
On September 24, 1997, Doehler-Jarvis, Inc., et. al., will seek an
extension of time to assume or reject any of their leases of
nonresidential real property for an additional period of 91 days, to
January 5, 1998.

The debtors state that they are in the process of selling Doehler-Jarvis
and its four subsidiaries as well as certain non-core businesses.  At this
time, the debtors have not determined which of the leases they will assume
or reject.


MARVEL: Equity Committee May Support Dismissal of Chapter 11
------------------------------------------------------------
The Committee representing the public shareholders of Marvel Entertainment
Group,Inc. announced today that if Marvel's current lenders do not reach
an agreement with Marvel which would allow Marvel to borrow needed finds
or if Marvel is unable to obtain an order allowing for additional
borrowings, the Committee intends to support a dismissal of Marvel's
Chapter 11 proceeding.

The Committee decided to support dismissal of the case after it failed to
receive any proposal from the current lenders which would preserve the
shareholder's interest in this Company.  Since the bankruptcy process is
apparently not being utilized to rehabilitate this valuable company, the
Equity Committee supports a termination of the bankruptcy process
according to Gary Schildhorn, counsel to the Equity Committee.  The Equity
Committee will continue to work with all interested parties in an effort
to reach an agreement which would provide a viable alternative to
dismissal of the case.
  

MONTGOMERY WARD: Names Thomas Paup Executive VP and CFO
-------------------------------------------------------
Montgomery Ward & Co., Incorporated announces the appointment of Thomas J.
Paup as executive vice president and chief financial officer.  Paup joins
Montgomery Ward from The May Company Stores, where he spent 10 years and
most recently was senior vice president of finance and distribution for
Lord & Taylor.  While at May, he also served as senior vice president and
chief financial officer of Kaufmann's from 1987 to 1990.  Before that,
Paup was at Bloomingdale's as vice president and controller for three
years.
  
Also announced was the appointment of John Workman to the newly created
position of executive vice president of corporate restructuring. Workman
will be responsible for all the company's Chapter 11 and financial
restructuring activities.
  

MONTGOMERY WARD: Seeks Software License Agreement
-------------------------------------------------
Montgomery Ward Holding Corp., et. al., seek court approval for entry into
a postpetition software license agreement and related agreements with
Intrepid Systems, Inc.  Objections to the motion must be filed with the
court and received by the attorneys for the debtors on or before September
29, 1997.  A hearing on the motion will be convened at the Court on
October 1, 1997 at 2:00 PM.

On August 29, 1997 the debtors and Intrepid entered into agreements whereby
Intrepid agreed to license certain software to the debtor for approximately
$2.6 million.

The debtor expects annual benefits from the merchandising systems of
approximately $7 million.  In addition, Montgomery Ward will realize a
one-time $15 million cost avoidance for year 2000 reprogramming.
  

POCKET: FCC Opposes Expedited Hearing
-------------------------------------
The United States, on behalf of the Federal Communications Commission
(FCC) opposes the motion of Pocket Communications, Inc. for an expedited
hearing to determine the value for the FCC's secured claim in the debtor's
DCR PCS's PCS licenses.

The FCC states that this motion should be denied because the relief it
seeks is precluded by the court's interim order authorizing the debtors to
obtain secured financing, entered on June 12, 1997.

The FCC argues that a judicial valuation procedure forced on the FCC is
precluded by the DIP order.  The FCC maintains that the debtors have
relinquished any right they might otherwise have had under Bankruptcy Code
Section 506(a) and Bankruptcy Rule 3012 to strip the amount of the FCC's
secured claim down to the value of the licenses. Furthermore,the FCC
understood that in agreeing to the DIP order, the parties agreed that any
plan of reorganization would be subject to the agreement of the FCC.


SUBSTANCE ABUSE TECHNOLOGIES: Files Chapter 11 Petition
-------------------------------------------------------
Substance Abuse Technologies, Inc. announced that it has filed a voluntary
petition for reorganization under Chapter 11 of the Bankruptcy Code in the
United States Bankruptcy Court for the Southern District of Florida.
According to papers filed with the Court, the Company has already secured
a debtor-in- possession (DIP) financing commitment from Steven A. Cohen
and S.A.C. Capital Associates, LLC, two of SAU's largest shareholders.

SAU, which provides drug-free workplace consulting, training, legal
support, drug and alcohol testing administration, and background checks,
also announced that it plans to complete the acquisition of DataMed
International, a third-party administrator based in Lakewood, Colorado.
  
SAU's current management team of Chairman and CEO Robert Stutman and
President/COO David Dorff will continue with the company.  Linda G.
Worton, a partner with the law firm of Greenberg, Traurig, Hoffman,
Lipoff, Rosen & Quentel, P.A., will represent the Company in its Chapter
11 reorganization.

In view of the foregoing, the exchange has halted trading, and it has
advised that it is reviewing the company's continued eligibility.


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published by Bankruptcy
Creditors' Service, Inc., Princeton, NJ, and Beard Group, Inc., Washington
DC.  Debra Brennan and Rebecca A. Porter, Editors.

Copyright 1997.  All rights reserved.  This material is copyrighted and
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