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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

            Wednesday, August 11, 2010, Vol. 14, No. 221

                            Headlines


207 REDWOOD: Case Summary & 20 Largest Unsecured Creditors
5112 GREENWOOD: Case Summary & 3 Largest Unsecured Creditors
556 HOLDING: Case Summary & 3 Largest Unsecured Creditors
AIRPORT NORTH: Voluntary Chapter 11 Case Summary
AJ LEASING: Case Summary & 13 Largest Unsecured Creditors

ALL AMERICAN: HIG Exercises Warrants to Buy 20.4MM Shares for $204
ALUMINUM SERVICE: Files Schedules of Assets & Liabilities
ALUMINUM SERVICE: Gets Interim Nod to Hire MPT as Bankr. Counsel
ALUMINUM SERVICE: Section 341(a) Meeting Scheduled for Aug. 25
ALUMINUM SERVICE: Proposes $1.35MM DIP Financing From Owner

AMARU INC: Posts $423,500 Net Loss in Q1 Ended March 31
AMERICAN INTERNATIONAL: Posts $2.7 Billion Net Loss in Q2 2010
AMERICAN PACIFIC: Moody's Downgrades Corp. Family Rating to 'B2'
AMTRUST FINANCIAL: Court Vacates Order for CFO Examination
ANADARKO PETROLEUM: Moody's Affirms 'Ba1' Corporate Family Rating

ARIZONA HEART: MedCath to Sell Arizona Heart to Vanguard
B GREEN INNOVATIONS: Posts $109,300 Net Loss in Q2 Ended June 30
BJ TRUCKING: Case Summary & 20 Largest Unsecured Creditors
BLOCKBUSTER INC: Reduces Redacted Portion of Deals with Studios
BRIGHAM EXPLORATION: Hikes 2010 Budget for Exploration to $404MM

BUILDING MATERIALS: Moody's Upgrades Corp. Family Rating to 'Ba3'
BUILDING MATERIALS: S&P Assigns 'BB+' Rating on $350 Mil. Notes
BUNGE LIMITED: Fitch Affirms Ratings on Preference Shares at 'BB+'
CABLEVISION SYSTEMS: RNS Bondholders Get Updated Statements
CALVARY BAPTIST: Voluntary Chapter 11 Case Summary

CAPLAN LANDLORD: Case Summary & 20 Largest Unsecured Creditors
CARMELO GONZALEZ: Case Summary & 20 Largest Unsecured Creditors
CELL THERAPEUTICS: Won't Have Cash Beyond Fourth Quarter
CENTRAL PACIFIC: Bank Exposed to Potential Regulatory Takeover
CHEMTURA CORP: Canada Unit Filed for Chapter 11 on August 8

CHEMTURA CORP: Chemtura Canada's Chapter 11 Case Summary
CHEMTURA CORP: Court OKs Amendment to $450MM Replacement Facility
CHENIERE ENERGY: Posts $85.7 Mil. Net Income for June 30 Quarter
CHESAPEAKE ENERGY: Fitch Assigns 'BB' Rating on Proposed Offering
CHESAPEAKE ENERGY: Moody's Assigns 'Ba3' Rating on $1.6 Bil. Notes

CHESTERFIELD DAIRY: Case Summary & Largest Unsecured Creditor
COMMONWEALTH COMMONS: Voluntary Chapter 11 Case Summary
COMMUNITY VALLEY: Posts $600,000 Net Loss in Q2 Ended June 30
COMSTOCK MINING: Posts $3.9 Million Net Loss in Q2 2010
COSINE COMMS: Posts $315,000 Net Loss for June 30 Quarter

COTT BEVERAGES: Moody's Assigns 'B3' Rating on $375 Mil. Notes
CREDITWEST CORPORATION: Creditors Panel Presents Competing Plan
D. BRADLEY LANDIS: Voluntary Chapter 11 Case Summary
DANIEL PETERSON: Case Summary & 15 Largest Unsecured Creditors
DEAN PICKARD: Case Summary & 20 Largest Unsecured Creditors

DIGITALGLOBE INC: S&P Puts 'B+' Rating on CreditWatch Positive
DON'S SEPTIC: Case Summary & 20 Largest Unsecured Creditors
DONALD EMERY: Case Summary & 7 Largest Unsecured Creditors
DORAL CENTER: Case Summary & 12 Largest Unsecured Creditors
EF JOHNSON: Report $283,000 Net Income in Q2 Ended June 30

EMAK WORLDWIDE, INC: Case Summary & 20 Largest Unsecured Creditors
ENDEAVOUR HIGHRISE: Condo Purchasers' Deposits Are Estate Property
EPICEPT CORPORATION: Posts $4.9 Million Net Loss for June 30 Qtr
FGIC CORP: Organizational Meeting to Form Panel on Aug. 11
FORD MOTOR: Balance Sheet Upside Down by $3.54 Billion

FORD MOTOR: S&P Raises Ratings on Eight Transactions to 'B'
FUEL WORKX: Case Summary & 4 Largest Unsecured Creditors
GENERAL GROWTH: Reports $117,526,000 Net Loss for Q2
GENERAL GROWTH: Proposes to Issue Anchor Indemnities
GENERAL GROWTH: Wins Approval of $500 Million TRS Investment Pact

GENERAL MOTORS: Asbestos Panel Wants Rule 2004 Exam on Debtors
GENERAL MOTORS: Creditors Committee Probing Asbestos Claims
GENERAL MOTORS: Future Claims Rep. Wants Rule 2004 Exam on Debtors
GENESIS FLUID: Posts $66,420 Net Loss in Q2 Ended June 30
GEOEYE INC: S&P Puts 'B' Corp. Rating on CreditWatch Positive

GEOFFREY MONCRIEF: Case Summary & 15 Largest Unsecured Creditors
GEORGE WASHINGTON: Case Summary & 20 Largest Unsecured Creditors
GOG CAMPGROUND: Case Summary & 20 Largest Unsecured Creditors
GREAT AMERICA: Case Summary & 20 Largest Unsecured Creditors
HARBOUR EAST: Plan to Pay Secured Claims in Installments

HARBOUR EAST: Can Sell Condominium Units in CIELO on the Bay
HERITAGE GABLES: Voluntary Chapter 11 Case Summary
HOTEL INDIGO: Owners File for Chapter 11
INTERNATIONAL LEASE: Fitch Expects to Rate $2.5 Bil. Senior Notes
INTERNATIONAL LEASE: Moody's Assigns 'Ba3' Rating on Senior Notes

ISE CORP: Files for Chapter 11 Bankruptcy Protection
JARA INVESTMENTS: Case Summary & 8 Largest Unsecured Creditors
KDMJ REALTY: Files for Ch. 11 in Manhattan to Avoid Foreclosure
LAWRENCE REALTY: Case Summary & 6 Largest Unsecured Creditors
LEAP WIRELESS: Reports $19.3-Mil. Net Loss for Second Quarter

LIBBEY INC: Merrill Unit to Sell Shares, Cut Stake to 5.7%
LIBBEY INC: Stewart Receives Phantom Shares as Director's Fee
LODGENET INTERACTIVE: June 30 Balance Sheet Upside Down by $55.9MM
LUIS GILL: Case Summary & 12 Largest Unsecured Creditors
MALCOLM SIPE: Case Summary & 4 Largest Unsecured Creditors

MBI DEVELOPMENT: Case Summary & 7 Largest Unsecured Creditors
MEADOWLANDS XANADU: Lenders Take Over Project
MENNEN BUILDERS: Case Summary & 6 Largest Unsecured Creditors
MERUELO MADDUX: Court OKs Disc. Statement for Full Payment Plan
MICHAEL CITTA: Case Summary & 16 Largest Unsecured Creditors

MICHAEL LAWRENCE: Case Summary & 19 Largest Unsecured Creditors
MIDWEST PROPERTIES: Voluntary Chapter 11 Case Summary
MORGANS HOTEL: June 30 Balance Sheet Upside Down by $4.2-Mil.
MOVIE GALLERY: 483 Workers Laid Off in Tenn. in 3 Months
NETWORK COMMUNICATIONS: Forbearance from Lenders Expires Aug. 31

NEXCEN BRANDS: Posts $2.18 Million Net Loss for June 30 Quarter
NEXSTAR BROADCASTING: June 30 Balance Sheet Upside Down by $187MM
NGPL PIPECO: Fitch Downgrades Issuer Default Rating to 'BB+'
OLD MUTUAL: Fitch Changes Watch on 'BB+' Note Ratings to Positive
OM FINANCIAL: Fitch Changes Watch on 'BB' Rating to Positive

OMNICARE INC: Moody's Gives Negative Outlook, Affirms 'Ba3' Rating
ONE ACCORD: Case Summary & 20 Largest Unsecured Creditors
PACIFIC ALLIED: Case Summary & 20 Largest Unsecured Creditors
PALMAS COUNTRY: Case Summary & 20 Largest Unsecured Creditors
PEARVILLE LP: Has Interim Access to Cash Until August 31

PEARVILLE LP: Plan Promises to Pay All Claims from Van Hessen Loan
PETROQUEST ENERGY: Moody's Affirms 'B3' Corporate Family Rating
PRESENT IS PRESENT: Case Summary & 20 Largest Unsecured Creditors
PROJECT PLAYLIST: Files for Chapter 11 Bankruptcy Protection
PROJECT PLAYLIST: Case Summary & 20 Largest Unsecured Creditors

QWEST COMMS: Files Quarterly Report on Form 10-Q With SEC
RAAM GLOBAL: Moody's Assigns 'Caa1' Corporate Family Rating
REDDY ICE: June 30 Balance Sheet Upside Down by $10.62MM
REGAL ENTERTAINMENT: July 1 Balance Sheet Upside Down by $283MM
REGAL ENTERTAINMENT: To Issue 2018 Notes to Repay 2011, 2012 Bonds

RITE AID: Moody's Assigns 'B3' Rating on $650 Mil. Senior Notes
RITE AID: S&P Assigns 'B+' Rating on $650 Mil. Senior Notes
ROBERT DURHAM: Case Summary & 2 Largest Unsecured Creditors
RP SAM: Gets Interim OK to Use California Credit's Cash Collateral
RP SAM: Wants Filing of Schedules Extended Until Aug. 20

SELESKY & PASTERNAK: Voluntary Chapter 11 Case Summary
SELPAS SPRING: Voluntary Chapter 11 Case Summary
SIRIUS XM: Reports $15.27MM Net Income for Second Quarter
SOCKET MOBILE: Posts $575,000 Net Loss in Q2 Ended June 30
SOUTH FINANCIAL: Posts $309.5 Million Net Loss in Q2 2010

SOUTH FINANCIAL: To Issue 100 Shares of New Preferred Stock to TD
SPONGETECH DELIVERY: Kenneth Silverman OK'd as Chapter 11 Trustee
STEPHEN DREHER: Case Summary & 20 Largest Unsecured Creditors
TAGISH LAKE: New Pacific Offer Deemed Fair Value by Valuator
TEMBEC INDUSTRIES: Moody's Assigns 'B3' Rating on Senior Notes

TENNESSEE TELEPHONE: Case Summary & 20 Largest Unsecured Creditors
THOMAS BANIS: Case Summary & 20 Largest Unsecured Creditors
THOMAS DANT: Case Summary & 20 Largest Unsecured Creditors
TOMMY SALEHI: Case Summary & 18 Largest Unsecured Creditors
UNIVERSAL BUILDING: Organizational Meeting Set for Aug. 13

USEC INC: Mellor Exercises Option to Acquire 92,754 Shares
UTSTARCOM INC: Reports $8.96-Mil. Loss for Second Quarter
WEBMEDIABRANDS INC: Fails Nasdaq's Min. Bid Price Requirement
WESTERN REFINING: S&P Gives Stable Outlook, Affirms 'B' Rating
WEXFORD DEVELOPMENT: Case Summary & 8 Largest Unsecured Creditors

WILLIAM STRAIN: Case Summary & 20 Largest Unsecured Creditors
WINALTA INC: CCAA Stay Period Extended Until Aug. 31
W.R. GRACE: Adv. Cases Reopened to Allow Fee Applications
W.R. GRACE: Settles TIG Insurance Coverage Disputes
W.R. GRACE: Targets Exit From Chapter 11 by End of Year

WYLE SERVICES: Moody's Reviews 'B2' Corp. for Possible Downgrade
YRC WORLDWIDE: 98.7% of 5% Bondholders Exercise Put Option
YRC WORLDWIDE: Warns of Liquidity Crunch in 2011
ZALE CORP: Golden Gate Funds Correct Disclosure, Hold 25.6% Stake
ZOOM PROPERTY: Case Summary & 15 Largest Unsecured Creditors

* Upcoming Meetings, Conferences and Seminars


                            ********


207 REDWOOD: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: 207 Redwood LLC
        5550 Sterrett Place, Suite 312
        Columbia, MD 21044

Bankruptcy Case No.: 10-27968

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       District of Maryland (Baltimore)

Judge: Nancy V. Alquist

Debtor's Counsel: James A. Vidmar, Jr., Esq.
                  LOGAN, YUMKAS, VIDMAR & SWEENEY LLC
                  2530 Riva Road, Suite 400
                  Annapolis, MD 21401
                  Tel: (443) 569-5977
                  Fax: (410) 571-2798
                  E-mail: jvidmar@loganyumkas.com

Estimated Assets: $10,000,001 to $50,000,000

Estimated Debts: $10,000,001 to $50,000,000

The petition was signed by Annie Kim, on behalf of 207 Redwood
Management LLC, Managing Member.

Debtor's List of 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Koam Construction                  Trade Debt           $1,000,000
  dba Addus Supply
711 West Main Street
Lansdale, PA 19446

Hyundai                            Trade Debt             $250,000
2711-Q Dorr Avenue
Fairfax, VA 22031

REW Materials                      Trade Debt             $133,970
2001 Race Street
Baltimore, MD 21230

Megamex Construction               Trade Debt             $125,000

Design Glass                       Trade Debt             $112,850

Clear Choice Window                Trade Debt             $100,000

City of Baltimore                  2010-2011 taxes         $90,498
Department of Finance

Boblits                            Trade Debt              $81,600

DS Pipe                            Trade Debt              $71,898

Trane                              Trade Debt              $68,000

LJ Brossoit                        Trade Debt              $65,000

Global Insulation                  Trade Debt              $63,565

Duron Paint                        Trade Debt              $60,881

Diamond Iron Works                 Trade Debt              $60,000

Washington Fire Sprinkler          Trade Debt              $54,256

HRH Construction                   Trade Debt              $53,970

US Elevator, Inc.                  Trade Debt              $50,400

Chesapeake System                  Trade Debt              $50,000

Engineered Piping Products         Trade Debt              $41,940

Trigen                             Trade Debt              $40,000


5112 GREENWOOD: Case Summary & 3 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: 5112 Greenwood, LLC
        c/o North Street Properties
        100 Field Drive, #110
        Lake Forest, IL 60045

Bankruptcy Case No.: 10-34967

Chapter 11 Petition Date: August 4, 2010

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

Judge: Eugene R. Wedoff

Debtor's Counsel: Richard H. Fimoff, Esq.
                  ROBBINS, SALOMON & PATT LTD.
                  25 E Washington Street, Suite 1000
                  Chicago, IL 60602
                  Tel: (312) 456-0185
                  Fax: (312) 782-6690
                  E-mail: rfimoff@rsplaw.com

Estimated Assets: $0 to $50,000

Estimated Debts: $10,000,001 to $50,000,000

A list of the Company's three largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ilnb10-34967.pdf

The petition was signed by Ivan Djurin, managing member.

Affiliates that filed separate Chapter 11 petitions:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Berkley Manor Apartments               09-41895   11/04/09
Ventana Hills Associates, Ltd.         09-41755   11/03/09
  Assets: $50,000,001 to $100,000,000
  Debts: $50,000,001 to $100,000,000
Colts Run, LLC                         10-18071   04/23/10
  Assets: $10,000,001 to $50,000,000
  Debts: $10,000,001 to $50,000,000
Mt. Zion, LP                           10-18075   04/23/10
  Assets: $10,000,001 to $50,000,000
  Debts: $10,000,001 to $50,000,000
Highlands of Montour Run               10-21678   05/__/10


556 HOLDING: Case Summary & 3 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: 556 Holding LLC
        556 West 22nd Street
        New York, NY 10011

Bankruptcy Case No.: 10-14267

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       Southern District of New York (Manhattan)

Judge: Allan L. Gropper

Debtor's Counsel: Richard Engman, Esq.
                  JONES DAY
                  222 E. 41st Street
                  New York, NY 10017
                  Tel: (212) 326-3939
                  Fax: (212) 755-7306
                  E-mail: rengman@jonesday.com

Estimated Assets: $10,000,001 to $50,000,000

Estimated Debts: $10,000,001 to $50,000,000

The petition was signed by Dorothea Keeser, president.

Debtor-affiliates filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
KDMJ Realty, Inc.                     10-14268        Aug. 6, 2010

Debtor's List of three Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
NYC Department of Finance          --                     $172,962
1 Centre Street
New York, NY 10007

Lutz and Carr CPAs                 --                         $500
300 East 42nd Street, 8th floor
New York, NY 10017

New Gallery On Old Bailey, Ltd     --                           --
G/F & Basement
17 Old Bailey Street
Soho, Central, Hong Kong


AIRPORT NORTH: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Airport North SPE, LLC
        7310 Ritchie Highway, Suite 900
        Glen Burnie, MD 21061

Bankruptcy Case No.: 10-27661

Chapter 11 Petition Date: August 4, 2010

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

Debtor's Counsel: Aryeh E. Stein, Esq.
                  MERIDIAN LAW, LLC
                  104 Church Lane, Suite 100
                  Baltimore, MD 21208
                  Tel: (443) 326-6011
                  E-mail: aryehstein@gmail.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor did not file a list of its largest unsecured creditors
together with its petition.

The petition was signed by Wilfred T. Azar, III, managing member
of Airport North, LLC, Debtor's sole member.


AJ LEASING: Case Summary & 13 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: AJ Leasing LLC
        224 N. 59th Avenue
        Phoenix, AZ 85043

Bankruptcy Case No.: 10-24656

Chapter 11 Petition Date: August 5, 2010

Court: U.S. Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Randolph J. Haines

Debtor's Counsel: D. Lamar Hawkins, Esq.
                  AIKEN SCHENK HAWKINS & RICCIARDI PC
                  4742 North 24th Street, Suite 100
                  Phoenix, AZ 85016
                  Tel: (602) 248-8203
                  Fax: (602) 248-8840
                  E-mail: dlh@ashrlaw.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 13 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/azb10-24656.pdf

The petition was signed by Jerald Poggendorf, manager.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
BJ Trucking, Inc.                     10-24657            08/05/10


ALL AMERICAN: HIG Exercises Warrants to Buy 20.4MM Shares for $204
------------------------------------------------------------------
On August 3, 2010, H.I.G. All American, LLC, notified All American
Group Inc. that H.I.G. was exercising warrants to purchase
20,483,865 common shares of All American Group for an aggregate
purchase price of $204.84.  The warrants were issued to H.I.G in
connection with the Loan Agreement dated October 27, 2009 among
H.I.G. LLC, AAG, and its subsidiaries.  The issuance of the shares
was exempt from registration under Regulation D under the
Securities Act of 1933.

Since October 27, 2009, H.I.G. LLC has provided capital to the
Company through two credit arrangements, pursuant to which
warrants were issued to them to acquire Company stock.

As a result of the transactions, H.I.G will own 55.8% of the
outstanding common shares of All American Group.  Therefore, H.I.G
will have the power to elect all of the directors of the AAG and
will have control of AAG.  H.I.G used its cash on hand to acquire
the shares it purchased on exercise of the warrants.  Prior to the
exercise of the warrants, control of AAG was dispersed among its
shareholders.

"We are pleased because the exercise of these warrants represents
a significant commitment to our Company and a clear statement of
belief in our future," the Company said in an August 6 press
release on the latest H.I.G. transaction.

AAG's stock traded hands at $0.40 a share at the close of business
on August 6.

                     About All American Group

Elkhart, Indiana-based All American Group, Inc., formerly Coachmen
Industries, Inc., (OTC:COHM.PK) says it is one of America's
premier systems-built construction companies under the ALL
AMERICAN BUILDING SYSTEMS(R), ALL AMERICAN HOMES(R), and MOD-U-
KRAF(R) brands, as well as a manufacturer of specialty vehicles.

At March 31, 2010, the Company had total assets of $86.574 million
against total liabilities of $45.832 million, resulting in
shareholders' equity of $40.742 million.

                           *     *     *

McGladrey & Pullen LLP, in Elkhart, Indiana, expressed substantial
doubt about the Company's ability to continue as a going concern
following the Company's 2009 results.  The auditors noted that
Coachmen has suffered recurring losses from operations and
continues to operate in an industry where economic recovery has
been very slow.


ALUMINUM SERVICE: Files Schedules of Assets & Liabilities
---------------------------------------------------------
Aluminum Service, Inc., has filed with the U.S. Bankruptcy Court
for the Middle District of Florida its schedules of assets and
liabilities, disclosing:

  Name of Schedule                    Assets           Liabilities
  ----------------                    ------           -----------
A. Real Property                   $5,120,000
B. Personal Property              $11,133,311
C. Property Claimed as
   Exempt
D. Creditors Holding
   Secured Claims                                      $6,762,139
E. Creditors Holding
   Unsecured Priority
   Claims                                                $480,496
F. Creditors Holding
   Unsecured Non-priority
   Claims                                              $4,786,895
                                  -----------         -----------
      TOTAL                       $16,253,311         $12,029,530

Tampa, Florida-based Aluminum Service, Inc. -- dba ASI Building
Products, Exterior Aluminum Products, Consolidated Metals of
Florida - Patio Division, and Consolidated Metals of Florida -
Metal Roof Division -- filed for Chapter 11 bankruptcy protection
on July 29, 2010 (Bankr. M.D. Fla. Case No. 10-18160).  The Debtor
is represented by Christopher C. Todd, Esq., at McIntyre,
Panzarella, Thanasides.


ALUMINUM SERVICE: Gets Interim Nod to Hire MPT as Bankr. Counsel
----------------------------------------------------------------
Aluminum Service, Inc., sought permission, and obtained interim
authorization, from the Hon. Caryl E. Delano of the U.S.
Bankruptcy Court for the Middle District of Florida to employ
McIntyre, Panzarella, Thanasides, Eleff & Hoffman, P.L., as
bankruptcy counsel.

MPT will, among other things:

     a. prepare petitions, motions, applications, answers, orders,
        reports, and other legal papers;

     b. appear before the Court and the U.S. Trustee to represent
        and protect the interests of the Debtor;

     c. assist with and participate in negotiations with creditors
        and other parties-in-interest in formulating a plan of
        reorganization, draft a plan and a related disclosure
        statement, and take necessary legal steps to confirm a
        plan; and

     d. represent the Debtor in adversary suits, contested matters
        and matters involving administration of the Debtor's
        bankruptcy case.

MPT received a $100,000 retainer prepetition.  MPT incurred
prepetition fees of $11,403 and the expense of the $1,039 filing
fee.  MPT holds a current retainer of $87,557 for the
representation of the Debtor in the Chapter 11 case.

Richard J. McIntyre, Esq., a member at MPT, assures the Court that
the firm is "disinterested" as that term is defined in Section
101(14) of the Bankruptcy Code.

The Court has set a final hearing for August 23, 2010, at
2:00 p.m. on the Debtor's request to be allowed to hire MPT as
counsel.

Tampa, Florida-based Aluminum Service, Inc. -- dba ASI Building
Products, Exterior Aluminum Products, Consolidated Metals of
Florida - Patio Division, and Consolidated Metals of Florida -
Metal Roof Division -- filed for Chapter 11 bankruptcy protection
on July 29, 2010 (Bankr. M.D. Fla. Case No. 10-18160).  The Debtor
is represented by Christopher C. Todd, Esq., at McIntyre,
Panzarella, Thanasides.  According to its schedules, the Debtor
has $16,253,311 in assets and $12,029,530 in debts as of the
Petition Date.


ALUMINUM SERVICE: Section 341(a) Meeting Scheduled for Aug. 25
--------------------------------------------------------------
The U.S. Trustee for Region 21 will convene a meeting of Aluminum
Service, Inc.'s creditors on August 25, 2010, at 1:30 p.m.  The
meeting will be held at Room 100-B, 501 East Polk Street,
(Timberlake Annex), Tampa, FL 33602.

This is the first meeting of creditors required under Section
341(a) of the U.S. Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
Meeting of Creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

Tampa, Florida-based Aluminum Service, Inc. -- dba ASI Building
Products, Exterior Aluminum Products, Consolidated Metals of
Florida - Patio Division, and Consolidated Metals of Florida -
Metal Roof Division -- filed for Chapter 11 bankruptcy protection
on July 29, 2010 (Bankr. M.D. Fla. Case No. 10-18160).  The Debtor
is represented by Christopher C. Todd, Esq., at McIntyre,
Panzarella, Thanasides.  According to its schedules, the Debtor
has $16,253,311 in assets and $12,029,530 in debts as of the
Petition Date.


ALUMINUM SERVICE: Proposes $1.35MM DIP Financing From Owner
-----------------------------------------------------------
Aluminum Service, Inc., seeks authority from the U.S. Bankruptcy
Court for the Middle District of Florida to obtain postpetition
secured financing from Michael D. Patierno, the sole director and
shareholder of the Debtor.

A copy of the DIP Loan Agreement is available for free at:

               http://ResearchArchives.com/t/s?6860

Mr. Patierno committed to provide the Debtor $1,350,000 prior to
September 1, 2010, to cover payroll and critical business
expenses.  Christopher C. Todd, Esq., at McIntyre, Panzarella,
Thanasides & Eleff, P.L., explains that the Debtor needs the money
to fund its Chapter 11 case, pay suppliers and other parties.

The proposed DIP facility will incur interest at 12% compounded
monthly.  The DIP financing will be repaid monthly on a 20-year
amortized basis with the entire principal balance to be paid in
full one year from the date of the first issuance of funds to the
Debtor.  The Debtor's obligations under the DIP facility will be
secured by a perfected, first priority lien on all of the Debtor's
postpetition accounts receivable.

Tampa, Florida-based Aluminum Service, Inc. -- dba ASI Building
Products, Exterior Aluminum Products, Consolidated Metals of
Florida - Patio Division, and Consolidated Metals of Florida -
Metal Roof Division -- filed for Chapter 11 bankruptcy protection
on July 29, 2010 (Bankr. M.D. Fla. Case No. 10-18160).  The Debtor
is represented by Christopher C. Todd, Esq., at McIntyre,
Panzarella, Thanasides.  According to its schedules, the Debtor
has $16,253,311 in assets and $12,029,530 in debts as of the
Petition Date.


AMARU INC: Posts $423,500 Net Loss in Q1 Ended March 31
-------------------------------------------------------
Amaru, Inc., filed its quarterly report on Form 10-Q, reporting a
net loss of $423,545 on $5,598 of revenue for the three months
ended March 31, 2010, compared with a net loss of $645,621 on
$3,215 of revenue for the same period of 2009.

The Company's balance sheet as of March 31, 2010, showed
$4,046,523 in total assets, $3,446,898 in total liabilities, and
stockholders' equity of $599,625.

The Company has sustained net losses of $423,545 and $645,621 for
the three months ended March 31, 2010, and March 31, 2009,
respectively.  The Company also has an accumulated deficit of
$37,687,940 and a working capital deficit of $2,646,429 at
March 31, 2010.  These raises substantial doubt about the
Company's ability to continue as a going concern, according to the
Form 10-Q.

A full-text copy of the Quarterly Report is available for free at:

               http://researcharchives.com/t/s?6847

Singapore-based Amaru, Inc. is in the business of broadband
entertainment-on-demand, streaming via computers, television sets,
PDAs (Personal Digital Assistant) and the provision of broadband
services.  Its business includes channel and program sponsorship
(advertising and branding); online subscriptions, channel/portal
development (digital programming services); content aggregation
and syndication, broadband consulting services, broadband hosting
and streaming services and E-commerce.  The Company was
incorporated under the laws of the state of Nevada in September
1999.


AMERICAN INTERNATIONAL: Posts $2.7 Billion Net Loss in Q2 2010
--------------------------------------------------------------
American International Group, Inc., reported a net loss of
$2.7 billion for the second quarter of 2010, or $(3.96) per
diluted common share, compared to net income of $1.8 billion or
$2.30 per diluted common share in the second quarter of 2009.  The
second quarter 2010 loss was primarily due to a $3.3 billion non-
cash goodwill impairment charge included in discontinued
operations.

The Company's balance sheet as of June 30, 2010, showed
$850.531 billion in total assets, $745.884 billion in total
liabilities, $1.923 billion in redeemable non controlling
interests in partially owned consolidated subsidiaries, and total
equity of $102.724 billion.

At June 30, 2010, remaining amounts available under the FRBNY
Credit Facility and the Department of the Treasury Commitment were
$13.3 billion and $22.3 billion, respectively, compared to
$17.1 billion and $24.5 billion, respectively, at December 31,
2009.  Voluntary repayments have reduced net borrowings under the
FRBNY Credit Facility by approximately $1.2 billion from June 30,
2010, to July 28, 2010.

AIG manages liquidity at both the parent and subsidiary levels.
AIG believes that it has sufficient liquidity to meet its
obligations for at least the next twelve months.

A full-text copy of the Company's press release explaining its
second quarter results is available for free at:

              http://researcharchives.com/t/s?6858

A full-text copy of the quarterly report on Form 10-Q filed with
the Securities and Exchange Commission is available for free at:

              http://researcharchives.com/t/s?6859

                      Form 10-K Updated

AIG updated financial information included in its Annual Report on
Form 10-K for the year ended December 31, 2009 for the
presentation of American Life Insurance Company (ALICO) as a
discontinued operation.

To recall, on March 7, 2010, AIG entered into a Stock Purchase
Agreement with ALICO Holdings LLC, a special purpose vehicle
formed by AIG and the Federal Reserve Bank of New York, and
MetLife Inc., pursuant to which MetLife agreed to acquire ALICO, a
wholly owned subsidiary of ALICO Holdings, and Delaware American
Life Insurance Company, a wholly owned subsidiary of AIG, for
approximately $15.5 billion in cash and equity securities of
MetLife.

A full-text copy of the updated Financial Information is available
for free at http://ResearchArchives.com/t/s?6855

A full-text copy of the Management's Discussion and Analysis is
available for free at http://ResearchArchives.com/t/s?6856

A full-text copy of the Financial Statements and Supplementary
Data is available for free at http://ResearchArchives.com/t/s?6857

                            About AIG

Based in New York, American International Group, Inc. (AIG)
-- http://www.aig.com/-- is a holding company, which through its
subsidiaries, is engaged primarily in a range of insurance and
insurance-related activities in the United States and abroad.
AIG's four reportable segments include: general insurance,
domestic life insurance & retirement services, foreign life
insurance & retirement services, and financial services.  In March
2010, the company closed the sale of a portion of its asset
management business to Pacific Century Group.

In September 2008, AIG experienced a liquidity crunch when its
credit ratings were downgraded below "AA" levels by Standard &
Poor's, Moody's Investors Service and Fitch Ratings.  AIG almost
collapsed under the weight of bad bets it made insuring mortgage-
backed securities.  The Company, however, was bailed out by the
Federal Reserve, but even after an initial infusion of $85
billion, losses continued to grow.  The later rescue packages
brought the total to $182 billion, making it the biggest federal
bailout in U.S. history.

AIG has been working to protect and enhance the value of its key
businesses, execute an orderly asset disposition plan, and
position itself for the future.  AIG has sold a number of its
subsidiaries and other assets to pay down loans received from the
U.S. government, and continues to seek buyers of its assets.


AMERICAN PACIFIC: Moody's Downgrades Corp. Family Rating to 'B2'
----------------------------------------------------------------
Moody's Investors Service downgraded American Pacific
Corporation's Corporate Family Rating and Probability of Default
Rating to B2 from B1 and the rating on its notes to B3 from B2.
The speculative grade liquidity rating was downgraded SGL4 from
SGL3.  The downgrades follow disappointing June quarter results
and the announcement by the company that it was reducing its
revenue and earnings guidance for FY2010.  The rating outlook is
stable.

This summarizes AMPAC's ratings:

American Pacific Corporation

Ratings changes:

* Corporate family rating -- B2 from B1

* Probability of default rating -- B2 from B1

* $110mm Gtd senior unsecured notes due 2015 -- B3 (LGD4, 57%)
  from B2 (LGD4, 58%)

* Speculative grade liquidity rating -- SGL-4 from SGL-3

* Outlook - stable

The downgrade of AMPAC's CFR reflects Moody's expectations for
lower earnings generation and potential for earnings volatility to
impact liquidity.  The company's most recent EBITDA guidance of
$23-25 million for FY2010 represents a substantial decline in
earnings from 2007-08 levels (above $40 million), as well as a
shortfall from earlier guidance for FY2010 EBITDA to exceed
$30 million.  Lower active pharmaceutical ingredients sales and
pharmaceutical development project revenue, as well as lower
margins resulting from various issues, including manufacturing
inefficiencies, cost overruns in the Aerospace Segment and costs
associated with pharmaceutical manufacturing process validation
work are the primary drivers of the expected earnings shortfall.
None-the-less, the company continues to seek new ways to broaden
its businesses (e.g., manufacturing of controlled substances and
pharmaceutical manufacturing development work) and to cut costs
(e.g., work force reductions) that should support future growth in
profitability.

AMPAC's SGL-4 speculative grade liquidity rating reflects the
decreasing cushion the company has with respect to its financial
covenants under its revolving credit facility and the potential
that it will not be able to comply with the interest coverage and
leverage covenants for the September 2010 quarter.  Moody's expect
the company to seek an amendment to the revolver covenants or
other solution to give it relief under the financial covenant
requirements.  AMPAC does not rely on its revolver to fund its
ongoing operations; its cash balances ($32 million as of June 30,
2010) and expectations for positive free cash flow should be more
than sufficient to meet its liquidity needs over the next twelve
months.  The SGL-4 rating could be revised after the company
achieves a long-term solution that addresses the potential non-
compliance with its financial covenants.

Moody's most recent announcement concerning the ratings for AMPAC
was on October 13, 2009, when Moody's moved the outlook to
negative from stable and downgraded the speculative grade
liquidity rating to SGL-3 from SGL-2.

American Pacific Corporation manufactures chemical and aerospace
products, including active pharmaceutical ingredients, perchlorate
chemicals used primarily in space propulsion, in-space propellant
thrusters, Halotron, a clean fire extinguishing agent, sodium
azide and water treatment equipment.  AMPAC, headquartered in Las
Vegas, Nevada, had revenues of $194 million for the twelve months
ending June 30, 2010.


AMTRUST FINANCIAL: Court Vacates Order for CFO Examination
----------------------------------------------------------
Bankruptcy Law360 reports that a bankruptcy judge has reconsidered
an order calling for an examination into whether AmFin Financial
Corp.'s former chief financial officer failed to disclose
information to investors about a subsidiary's financial troubles,
saying estate assets needed to be conserved pending the outcome of
a multibillion-dollar claim by the Federal Deposit Insurance Corp.

                       About AmTrust Financial

AmTrust Financial Corp. (PINK: AFNL), now known as AmFin Financial
Corp., was the owner of the AmTrust Bank.  AmTrust was the
seventh-largest holder of deposits in South Florida, with
$4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection on
November 30, 2009 (Bankr. N.D. Ohio Case No. 09-21323).  G.
Christopher Meyer, Esq., and Sherri Lynn Dahl, Esq., at Squire
Sanders & Dempsey L.L.P., assist the Debtors in their
restructuring effort.  Kurtzman Carson Consultants serves as
claims and notice agent.  Attorneys at Hahn Loeser & Parks LLP
serve as counsel to the Official Committee of Unsecured Creditors.

AmTrust Management estimated $100 million to $500 million in
assets and liabilities in its Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators, and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, Westbury, New York, assumed all of the deposits of
AmTrust Bank, pursuant to a deal with the FDIC.


ANADARKO PETROLEUM: Moody's Affirms 'Ba1' Corporate Family Rating
-----------------------------------------------------------------
Moody's Investors Service affirmed Anadarko Petroleum
Corporation's and its guaranteed subsidiaries' Ba1 Corporate
Family Rating.  Moody's assigned: (i) a Ba1 rating to the proposed
$1.5 billion seven year senior unsecured notes, and (ii) a SGL-2
Speculative Grade Liquidity rating.  These actions follow
Anadarko's announcement that it intends to issue a new $5 billion
five-year senior secured revolving credit facility, a $1.5 billion
six-year senior secured Term Loan B and the proposed unsecured
notes.  Moody's will likely downward Anadarko's unsecured debt
rating to Ba2 from Ba1 once the Term Loan B closes or if there is
a significant draw on the $5 billion revolving credit facility.
Anadarko's ratings remain under review for further possible
downgrade.

"Moody's action reflects the strengthened liquidity, but continued
uncertainty, around Anadarko's potential 25% share of the cleanup
costs and the associated financial liabilities and fines stemming
from the April 20 Deepwater Horizon rig explosion and subsequent
oil spill in the Gulf of Mexico," commented Francis Messina, Vice
President -- Senior Analyst.

Moody's anticipates Anadarko, as a 25% owner in the well, will
meet its responsibilities through some allocation of a portion of
liability for the accident.  Anadarko's refinancing of certain
existing indebtedness and its decision to add $5 billion of
liquidity prepares the company to meet some of these future
obligations.  Upon the successful syndication of the $6.5 billion
credit facilities and the $1.5 unsecured notes, Anadarko will have
considerable liquidity.  The secured facilities will be
collateralized through a first priority lien on oil and gas
assets.

The continued review for downgrade reflects the uncertainty
relating to the size of future financial liabilities facing
Anadarko.  At this time it is not known how much of the well and
clean-up costs will be met by the company and to what extent this
will impact its financial and liquidity profile.  Anadarko's
financial position benefits from robust operating results and cash
flow generation and increased liquidity, which provides some
cushion against the potential financial impact of the incident.
In addition, the company has other levers which it could use,
including re-allocating capital spending and selling assets, as
necessary.

The SGL-2 rating reflects Anadarko's good liquidity over the
next twelve months to meet its obligations.  At June 30, 2010,
liquidity was strong with cash totaling $3.4 billion, a
$1.3 billion fully available revolving credit facility which
will be replaced by a $5 billion five-year secured financing, and
no debt due through the rest of 2010.  The $1.5 billion six-year
Term Loan B is intended to be used to refinance $1.3 billion of
debt maturing in 2012.  Additionally, debt covenants provide good
headroom throughout the year.  Three financial covenants will be
required under the new facility: current ratio greater than 1.0x;
leverage ratio less than 4.5x, stepping down to 4.0x after
12/31/2011; and, a collateral coverage ratio of greater than
1.75x.

Under Moody's Loss Given Default methodology Moody's has assigned
a Ba1 Probability of Default rating to the company.  Based upon
the level of the secured debt in the capital structure in relation
to the size of the unsecured debt, including all first lien senior
secured creditors and full guarantees of existing and future
subsidiaries, Moody's will very likely downward Anadarko's
unsecured debt to Ba2 from Ba1.  However, if the proceeds of the
$1.5 billion unsecured notes offering eliminates all of the
$1.5 billion senior secured offering, it is likely that there
would be no notching to the unsecured debt.

The last rating action on Anadarko was June 18, 2010, at which
time Moody's downgraded the company to Ba1 CFR and kept the
company under review for possible downgrade.

Anadarko Petroleum Corporation, a large independent exploration
and production company, is headquartered in The Woodlands, Texas.


ARIZONA HEART: MedCath to Sell Arizona Heart to Vanguard
--------------------------------------------------------
MedCath Corporation (Nasdaq: MDTH), and its physician partners
announced August 9 that they have entered into a definitive
agreement for Vanguard Health Systems to acquire substantially all
the assets of Arizona Heart Hospital.  The transaction is expected
to close during MedCath's first quarter of fiscal 2011, which ends
on December 31, 2010, subject to certain closing conditions.

Beginning with its fourth quarter of fiscal 2010, which ends
Sept. 30, MedCath will account for Arizona Heart Hospital as an
asset-held-for-sale for current and prior reporting periods.

Over the past decade, Arizona Heart Hospital and its physician
partners have established one of the country's top cardiovascular
hospitals.  In November, the 59-bed facility was one of four
MedCath hospitals ranked among the nation's 100 Top Hospitals(R)
for cardiovascular care - the sixth time it earned that honor in
the 11 years the study has been performed by Thomson-Reuters.  It
was also one of three MedCath hospitals cited for being among the
leading hospitals in America by Consumers' Checkbook survey,
according to the May/June 2009 issue of AARP The Magazine.  And
recently HealthGrades, the leading independent health care ratings
organization, ranked Arizona Heart Hospital among the top 5
percent of hospitals in the nation and No. 1 in Arizona for
overall cardiac services and vascular surgery.

"Arizona Heart Hospital exemplifies the MedCath model of patient-
focused, high quality care," said O. Edwin French, MedCath's
president and CEO.  "We're proud of how, working with our
physician partners, Arizona Heart Hospital has earned a sterling
reputation, and we know the new owners will continue that legacy.
We wish them great success."

Under the Asset Purchase Agreement, Vanguard will acquire
substantially all of the assets of Arizona Heart Hospital for
$32.0 million plus certain net working capital and assume
approximately $400,000 in capital leases.  Arizona Heart Hospital
will retain accounts receivable and the remaining liabilities.
Based on current asset and liability amounts, which are subject to
change with the passage of time, MedCath anticipates that total
net proceeds received from the transaction, after payment of
retained liabilities and collection of accounts receivable, will
be approximately $31.5 million, after estimated closing costs and
estimated income tax.

                      About MedCath Corp.

MedCath Corporation, headquartered in Charlotte, N.C., is a health
care provider focused on high acuity services with the diagnosis
and treatment of cardiovascular disease being a primary service
offering.  MedCath owns an interest in and operates ten hospitals
with a total of 825 licensed beds, located in Arizona, Arkansas,
California, Louisiana, New Mexico, South Dakota, and Texas.  In
addition, MedCath and its subsidiary MedCath Partners provide
services in diagnostic and therapeutic facilities in various
states.

                       About Arizona Heart

Based in Phoenix, Arizona, Arizona Heart Institute Ltd. is a
physician-owned group founded by cardiovascular surgeon Edward
Diethrich in 1971.

Arizona Heart filed for bankruptcy on July 30, 2010 (Bankr. Ariz.
Case No. 10-24062).  The Company is represented by Stinson
Morrison Hecker LLP.  The company estimated assets of $10 million
to $50 million, and liabilities of $1 million to $10 million in
its Chapter 11 petition.


B GREEN INNOVATIONS: Posts $109,300 Net Loss in Q2 Ended June 30
----------------------------------------------------------------
B Green Innovations, Inc., formerly iVoice Technology, Inc., filed
its quarterly report on Form 10-Q, reporting a net loss of
$109,331 on $56,684 of revenue for the three months ended June 30,
2010, compared with a net loss of $80,825 on $30,218 of revenue
for the same period a year ago.

The Company's balance sheet as of June 30, 2010, showed $1,493,378
in total assets, $1,376,536 in total liabilities, and
stockholders' equity of $116,842.

As of June 30, 2010, the Company had a net operating loss, and a
negative cash flow from operations.  These matters raise
substantial doubt about its ability to continue as a going
concern, the Company said in its Form 10-Q.

A full-text copy of the Quarterly Report is available for free at:

               http://researcharchives.com/t/s?6853

                     About B Green Innovations

Matawan, N.J.-based B Green Innovations, Inc. (OTC BB: BGNN)
-- http://www.bgreeninnovations.com/-- is dedicated to
becoming a "green" technology company, focused on acquiring and
identifying promising technologies that address environmental
issues.   The first technology will be used to create new products
from recycled tire rubber.

Rosenberg, Rich, Berman, Baker and Company, in Somerset, N.J.,
expressed substantial doubt about the Company's ability to
continue as a going concern after auditing the Company's financial
statements for the year ended December 31, 2009.  The independent
auditors noted that the Company had a net loss, a negative cash
flow from operations, as well as negative working capital.


BJ TRUCKING: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: BJ Trucking, Inc.
        224 N. 59th Avenue
        Phoenix, AZ 85043

Bankruptcy Case No.: 10-24657

Chapter 11 Petition Date: August 5, 2010

Court: U.S. Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Randolph J. Haines

Debtor's Counsel: D. Lamar Hawkins, Esq.
                  AIKEN SCHENK HAWKINS & RICCIARDI PC
                  4742 North 24th Street, Suite 100
                  Phoenix, AZ 85016
                  Tel: (602) 248-8203
                  Fax: (602) 248-8840
                  E-mail: dlh@ashrlaw.com

Estimated Assets: $500,001 to $1,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/azb10-24657.pdf

The petition was signed by Jerald Poggendorf, president.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
AJ Leasing, LLC                       10-24656            08/05/10


BLOCKBUSTER INC: Reduces Redacted Portion of Deals with Studios
---------------------------------------------------------------
Blockbuster Inc. filed a Current Report on Form 8-K on April 7,
2010, disclosing that on March 31, 2010, in exchange for new
payment terms in favor of the Company for current and future
deliveries of home entertainment offerings, Blockbuster Canada
Co., an indirect wholly-owned subsidiary of the Company, entered
into a:

     i) guarantee agreement for the benefit of Twentieth
        Century Fox Home Entertainment LLC, Sony Pictures Home
        Entertainment Inc. and Warner Home Video, pursuant to
        which BB Canada irrevocably guaranteed the obligations of
        the Company under trade agreements with the Studios,

    ii) a general security agreement for the benefit of the
        Studios pursuant to which BB Canada granted a lien on, and
        security interest in, substantially all of its assets, and

   iii) a collateral trust agreement among the Studios and a
        trustee pursuant to which the trustee was appointed to act
        as collateral trustee for the Studios to hold, receive,
        maintain, administer and distribute the collateral at any
        time delivered to the trustee.

Included as Exhibits 10.1 and 10.3 thereto were copies of the
Guarantee, the Security Agreement and the Collateral Trust
Agreement, respectively.  The copies of the Guarantee and the
Collateral Trust Agreement were redacted pursuant to a
confidential treatment request submitted by the Company to the
Securities and Exchange Commission.

According to an August 6 filing by Blockbuster with the SEC, After
discussion with the SEC regarding the confidential treatment
request, the Company amends the Current Report on Form 8-K filed
on April 7, 2010 and files amended versions of Exhibit 10.1 and
10.3 that reduce the redacted portions.

A copy of the Guarantee Agreement is available for free at
http://ResearchArchives.com/t/s?6852

A copy of the Collateral Trust Agreement is available for free at
http://ResearchArchives.com/t/s?6854

                     About Blockbuster Inc.

Blockbuster Inc. is a global provider of rental and retail movie
and game entertainment.  It has a library of more than 125,000
movie and game titles.  The Company may be accessed worldwide
at http://www.blockbuster.com/

The Company's balance sheet as of April 4, 2010, showed
$1.319 billion in assets, $1.693 billion in liabilities, and
stockholders' deficit of $374.2 million.

PricewaterhouseCoopers LLP, in Dallas, expressed substantial doubt
about the Company's ability to continue as a going concern
following Blockbuster's 2009 results.

The Company said in March 2010 it was seeking to refinance its
debt and could be forced into bankruptcy protection.  Bondholders
agreed in July to let Blockbuster defer the interest and principal
on senior secured notes until Aug. 13.

The Company has lost about $1 billion during the past three years
on competition from Netflix Inc. and Coinstar Inc.


BRIGHAM EXPLORATION: Hikes 2010 Budget for Exploration to $404MM
----------------------------------------------------------------
Brigham Exploration Company filed its quarterly report on Form
10-Q with the Securities and Exchange Commission.

Brigham said that in August it revised its 2010 budget for
exploration and development to $404 million.  The Company budgeted
$293.9 million in April.  The Company said, "Since April 2010, our
ongoing organic leasing efforts plus four acreage acquisitions
have added 52,800 net acres to our total Williston Basin acreage
as of August 3, 2010.  Largely as a result of these acreage
acquisitions, we announced a further increase in our exploration
and development capital budget in August 2010 to approximately
$404.0 million."

In July and August 2010, Brigham closed on four acreage
acquisition transactions in the Williston Basin at a cost of
approximately $54 million, which increased its acreage in the
basin by approximately 44,800 net acres.  Brigham also acquired an
interest in three existing wells as a result of these
transactions.

As reported in the Troubled Company Reporter on Aug. 9, 2010, the
Company posted net income of $18.47 million for the three months
ended June 30, 2010, compared with net loss of $6.96 million for
the same period a year earlier.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?6862

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?680f

                    About Brigham Exploration

Austin, Texas-based Brigham Exploration Company (NASDAQ: BEXP)
-- http://www.bexp3d.com/-- is an independent exploration,
development and production company that utilizes advanced
exploration, drilling and completion technologies to
systematically explore for, develop and produce domestic onshore
oil and natural gas reserves.  In late 2007, the majority of the
Company's drilling capital expenditures shifted from its
historically active areas in the Onshore Gulf Coast, the Anadarko
Basin and West Texas to the Williston Basin in North Dakota and
Montana, where the Company is currently targeting the Bakken,
Three Forks and Red River objectives.

The Company's balance sheet at June 30, 2010, showed
$862.21 million in total assets, $289.19 million in total
liabilities, and stockholders' equity of $573.01 million.

                          *     *     *

Brigham carries 'Caa1' corporate family and probability of default
ratings, with 'positive' outlook, from Moody's Investors Service.
It has a 'B' corporate credit rating, with 'stable' outlook from
Standard & Poor's Ratings Services.  Moody's noted in June 2010
that that "[W]hile Brigham's recent results and 2010-11 drilling
program are positive and provide cash flow visibility, the company
remains very small measured by production and proven reserves and
future growth and full-cycle reinvestment costs are fairly
undiversified, being largely reliant on Bakken/Three Forks."


BUILDING MATERIALS: Moody's Upgrades Corp. Family Rating to 'Ba3'
-----------------------------------------------------------------
Moody's Investors Service upgraded Building Materials Corporation
of America's Corporate Family Rating to Ba3 from B1 and its
Probability of Default Rating to Ba3 from B1.  Moody's also
upgraded the company's Senior Secured Term Loan due 2014 and
Senior Secured Notes due 2020 to Ba2 from Ba3 and its Senior
Unsecured Notes due 2020 to B1 from B3.  In a related rating
action Moody's assigned a B1 rating to BMCA's proposed Senior
Unsecured Notes due 2018.  The outlook is stable.

The upgrade results from Moody's expectation that the company will
continue to generate strong operating performance resulting from
stable demand for roofing repair, the main driver of BMCA's
revenues.  Additionally, its robust margins are likely to be aided
by relatively stable pricing in the industry and improved
operating efficiencies.  The improvement in key metrics, including
adjusted EBITA margins sustained above 20% and EBITA/interest
trending towards 5.0 times (adjusted per Moody's methodology),
also support the higher rating.

The stable outlook incorporates Moody's expectation that BMCA's
good liquidity profile coupled with no near-term maturities give
the company financial flexibility to execute its operating plan
and provide some cushion from any short term weakness in the North
American economy.

The Ba3 Corporate Family Rating is supported by the company's
strong market position in the roofing repair and remodeling
sector, solidified by the full integration of ElkCorp, which it
acquired in March 2007.  The rating also reflects the company's
solid operating margins.  The modest amount of debt leverage and
the ability to generate free cash flow are credit positives as
well.  BMCA's business model including only a single core segment
constrains the rating.  A risk that BMCA will continue to face in
the near term is the potential that home owners defer roof repairs
as a result of uncertainty with the current economic conditions.

Higher ratings of the company's secured term loan and existing
notes results from the upgrade of BMCA's Corporate Family Rating.
The B1 rating on the proposed Senior Unsecured Notes due 2018
result from their junior priority relative to the company's
secured debt.  These notes will rank pari passu to BMCA's existing
Senior Unsecured Notes due 2020.  Proceeds from the proposed notes
will be used to refinance a portion of the company's existing
$941.4 million Senior Secured Term Loan due 2014.

These ratings/assessments were affected by this action:

* Corporate family Rating upgraded to Ba3 from B1;

* Probability of Default Rating upgraded to Ba3 from B1;

* $941.4 million (originally ($975.0 million) Sr. Sec. Term Loan
  due 2014 upgraded to Ba2 (LGD3, 36%) from Ba3 (LGD3, 38%);

* $250 million Sr. Sec. Notes due 2020 upgraded to Ba2 (LGD3, 36%)
  from Ba3 (LGD3, 38%);

* $325 million Sr. Unsec. Notes due 2020 upgraded to B1 (LGD5,
  75%) from B3 (LGD5, 77%); and,

* Proposed Sr. Unsec. Notes due 2018 rated B1 (LGD5, 75%).

An upgrade is unlikely over the intermediate term until market
conditions within the North American economy show signs of
noticeable improvement.  Over time, debt-to-book capitalization
trending comfortably below 50% or EBITA-to-interest expense
exceeding 6.0 times while maintaining debt-to-EBITDA comfortable
below 3.5 times (all ratios adjusted per Moody's methodology)
would support consideration of higher ratings.

Factors that might pressure the ratings include erosion in the
company's financial performance due to a decline in the repair and
remodeling sectors, deterioration in the company's liquidity
profile, large dividends, or significant cash outflows supporting
parent company debt obligations.  Adjusted EBITA margins trending
below 20% or EBITA/interest expense nearing 3.5 times (adjusted
per Moody's methodology) could result rating pressures.

The last rating action was on March 9, 2010, at which time Moody's
affirmed BMCA's Corporate Family Rating at B1.

Building Materials Corporation of America, headquartered in Wayne,
NJ, is a national manufacturer and marketer of a broad line of
asphalt roofing products and accessories for the residential and
commercial roofing markets.  The company also manufactures
specialty building products and accessories for the professional
and do-it-yourself remodeling and residential construction
industries.  BMCA operates under the trade name GAF Materials
Corp.


BUILDING MATERIALS: S&P Assigns 'BB+' Rating on $350 Mil. Notes
---------------------------------------------------------------
Standard & Poor's Ratings Services assigned a 'BB+' issue-level
rating to Building Materials Corp. of America's proposed
$350 million senior unsecured notes due 2018 based on preliminary
terms and conditions, the same as the corporate credit rating.
S&P assigned a recovery rating of '4' to these notes, indicating
that investors can expect average recovery (30%-50%) on these
notes in the event of a default.  S&P understands that the company
will use proceeds from the proposed notes to reduce amounts
outstanding under BMCA's $975 million senior secured first-lien
term loan due 2014 to approximately $590 million.

At the same time, S&P raised its issue-level ratings on BMCA's
$975 million senior secured term loan due 2014 and $250 million
7.0% senior secured notes due 2020 to 'BBB' (two notches higher
than the corporate credit rating) from 'BBB-'.  S&P revised the
recovery ratings to '1' from '2', indicating that lenders can
expect to receive very high recovery (90% to 100%) in the event of
a default.  S&P also raised the issue-level rating on the
company's $325 million 7.5% notes due 2020 to 'BB+' from 'BB-',
the same as the corporate credit rating.  S&P revised the recovery
rating on these notes to '4' from '6', indicating S&P's
expectation of average (30% to 50%) recovery in the event of a
payment default.

S&P affirmed its 'BB+' corporate credit rating on the company.
The outlook is stable.

"The affirmation of S&P's corporate credit rating on BMCA reflects
continued strong operating results in the company's roofing
products business achieved due to stable sales and improved
operating margins despite weak conditions in residential and
commercial construction markets," said Standard & Poor's credit
analyst Thomas Nadramia.  The revised recovery ratings reflect an
increase in S&P's estimate of the company's gross enterprise
value.  In S&P's view, BMCA's recent operating performance
suggests to us a somewhat stronger potential for cash flow
generation during periods of relative economic and price
stability.  In valuing the company in the context of the severe
conditions contemplated by its default scenario, S&P believes that
its revised valuation is more reflective of a distressed EBITDA
level than its previous estimate.

The ratings on Wayne, N.J.-based Building Materials Corp. of
America reflect its fair business risk profile that incorporates a
solid position in the consolidated North American asphalt roofing
shingle market where the company has a strong No. 1 market
position, low-cost roofing manufacturing operations, and
relatively stable demand for its products.  In addition, the
ratings take into account the company's improved operating margins
and credit measures that are strong for the rating.  The ratings
also reflect BMCA's narrow product base (roofing materials),
exposure to competitive repair and construction markets, and the
potential provision of future financial support to its parent
company, G-I Holdings Inc. (G-I), which emerged from bankruptcy in
November 2009.  BMCA does not publish financial information.


BUNGE LIMITED: Fitch Affirms Ratings on Preference Shares at 'BB+'
------------------------------------------------------------------
Fitch Ratings has affirmed these ratings for Bunge Limited and its
financing subsidiaries:

Bunge Limited

  -- Long-term Issuer Default Rating at 'BBB';
  -- Preference shares at 'BB+'.

Bunge Limited Finance Corp.

  -- Long-term IDR at 'BBB';
  -- Senior unsecured notes at 'BBB';
  -- Senior unsecured term loans at 'BBB';
  -- Senior unsecured credit facilities at 'BBB'.

Bunge Finance Europe B.V.

  -- Long-term IDR at 'BBB';
  -- Senior unsecured credit facilities at 'BBB'.

Bunge N.A.  Finance L.P.

  -- Long-term IDR at 'BBB';
  -- Senior unsecured notes at 'BBB'.

In addition, the Rating Outlook is revised to Negative from
Stable.

Bunge's ratings are supported by its position as the world's
leading oilseed processor and by the diversification provided from
its edible oil, milling, sugar and bioenergy, and fertilizer
segments.  A long-term favorable agribusiness outlook, driven by
growing protein consumption in developing countries and higher
demand for biofuels, is also factored into the ratings.  These
rating factors are balanced with Fitch's concerns about weak
operating performance, particularly in the core agribusiness
segment, and negative free cash flow.  The ratings incorporate
periodic moderate operating earnings and cash flow volatility
associated with the agricultural sector; however, recent
volatility has been beyond this level.  Bunge's maintenance of
ample liquidity is crucial to support its ratings during this
prolonged period of weak earnings.

The Negative Outlook reflects credit measures that are weak for
the rating level despite the company's debt reduction that was
completed in July 2010.  Bunge committed to this debt reduction
after it generated very weak earnings in 2009, leading to leverage
that was high for the rating level.  At the time of the fertilizer
nutrients divestiture announced in January 2010, Fitch had
anticipated that Bunge would repay sufficient long-term debt in
the near term to achieve unadjusted leverage (total debt/operating
EBITDA) of 2.5-3.0 times in most years.  Bunge utilized
approximately $1.4 billion of its $3.5 billion of fertilizer
divestiture proceeds for the principal amount of debt reduction
and announced a $700 million share repurchase program valid
through the end of 2011.  Pro forma for the debt reduction and
share repurchases completed in July 2010, Bunge has approximately
$1.7 billion in cash, which in part may be used for acquisitions
and additional share repurchases.  Currently, this high cash
balance is supporting Bunge's ratings.  If the bulk of this cash
is used for acquisitions and share repurchases before a
sustainable earnings recovery takes hold, or if Bunge's operating
results in the second half of 2010 fall materially short of
current expectations, there will be downward pressure on the
ratings.  In contrast, if Bunge outperforms expectations in the
second half of 2010 and global commodity demand supports stable
earnings prospects in 2011, the Outlook may be revised back to
Stable within approximately 12 months.

Bunge's earnings volatility had been expected to lessen after the
fertilizer nutrients divestiture, since the fertilizer segment
incurred a severe reduction in profitability in 2009 primarily as
a result of a mismatch between high inventory prices and a weak
sales environment.  Fitch had expected substantial improvement in
credit metrics in 2010 after the fertilizer inventories were
cleared out.  This improvement has been less than expected through
the first half of the year.  Total debt with equity credit to
operating EBITDA was 4.4x for the LTM ended June 30, 2010,
factoring in the July debt reduction, versus 4.9x for the year
ended Dec. 31, 2009.  Fitch is concerned that the primary earnings
shortfall in the first half of 2010 was in Bunge's core
Agribusiness segment, which historically generated approximately
70% of the company's total revenue and earnings before tax.  The
earnings shortfall was attributed to factors including tight
soybean supplies in Brazil due to strong demand from China and
slow farmer selling, and overcapacity in North America.  The
company has reported that the slow farmer selling has normalized
and the large U.S. crops are progressing well, which should be
positive for origination, storage and transportation.  Bunge's
sugar and bioenergy business is expected to generate the bulk of
its earnings in the second half of the year as yields improve.
Leverage should improve substantially as earnings become more
normalized in the second half of 2010.  However, the Negative
Outlook reflects uncertainty regarding the magnitude and
sustainability of this recovery given the company's recent
earnings volatility.

In addition to Bunge's currently high cash balance, the company
had $3.2 billion of total debt with equity credit at June 30,
2010, pro forma for approximately $860 million debt reduction in
July 2010, and $2.8 billion of undrawn committed borrowing
capacity.  Its $645 million credit facility that expired in June
2010 was not renewed.  There was no CP outstanding at June 30,
2010.  Despite Bunge's steep earnings decline, its liquidity is
ample.  Borrowings by Bunge's subsidiaries carry full,
unconditional guarantees by Bunge, the parent corporation.
Bunge's credit facilities include a $575 million liquidity
facility that fully backstops its CP program through June 2012.
The liquidity facility allows Bunge to set up direct borrowings
or issue CP up to $575 million.  Credit facilities totaling
$1.25 billion and $1 billion expire in April 2011 June 2012,
respectively.  Bunge's committed credit facilities are subject to
financial covenants, including minimum net worth, maximum debt to
capitalization and a minimum current ratio.  The company's
upcoming debt maturities are manageable, with less than
$600 million of BLFC term loans maturing in 2011.

Bunge's liquidity also includes its readily marketable
inventories, which were $2.9 billion at June 30, 2010, factoring
in Fitch's 10% discretionary haircut to Bunge's reported RMI.
This commodity inventory is very liquid due to widely available
markets and international pricing mechanisms.  RMI is
substantially hedged against price risk and provides an important
source of liquidity.  In addition to evaluating traditional credit
measures, Fitch's analysis of agricultural companies takes into
consideration leverage ratios that exclude debt used to finance
readily marketable inventories (RMI).  Interest expense on debt
used to finance RMI is reclassified as cost of goods sold and thus
is excluded from interest expense.  Fitch utilizes significant
discretion in these calculations.  With the adjustments described
above, Bunge's total debt/EBITDA was 0.5x for the LTM ended
June 30, 2010, pro forma for the July debt reduction.

Cash used from operations in the six months ended June 30, 2010,
was $159 million, and free cash flow (cash flow from operations
less capital expenditures and dividends) was negative
$766 million.  The negative cash flow from operations is primarily
due to payments of withholding taxes and transaction closing costs
totaling $417 million related to the sale of the fertilizer
nutrients business.  Cash flows from investing activities included
$3.9 billion of gross proceeds from the sale of Bunge's fertilizer
nutrients business.  Excluding cash flow items impacting the
sugar/fertilizer transition period in 2010, Bunge's funds from
operations, before changes in working capital, should be
sufficient to cover its capital expenditures and dividends and be
slightly free cash flow positive in order to retain its current
ratings.

Bunge has two securities that are evaluated under Fitch's hybrid
rating criteria.  Bunge's $862 million 5.125% mandatory
convertible preference shares are assigned 100% equity credit due
to their junior ranking, mandatory conversion to common shares on
Dec. 1, 2010, the dividend deferral option combined with the
ability to pay in common shares, and the lack of covenants.  The
ratings for Bunge's $690 million 4.875% convertible perpetual
preference shares are assigned 75% equity credit due to the junior
ranking of these shares, the dividend deferral option and the non-
redeemable feature of these securities.


CABLEVISION SYSTEMS: RNS Bondholders Get Updated Statements
-----------------------------------------------------------
Cablevision Systems Corporation reported that, on Aug. 6, 2010,
unaudited condensed consolidated financial statements of Rainbow
National Services LLC and Subsidiaries, as of June 30, 2010 and
December 31, 2009, and for the three and six months ended June 30,
2010 and 2009, and Management's Discussion and Analysis of
Financial Condition and Results of Operations were furnished to
RNS bondholders in accordance with the requirements of the
Indenture dated August 20, 2004, relating to RNS' and RNS Co-
Issuer Corporation's $300,000,000 8-3/4% Senior Notes due 2012 and
the Indenture, dated as of August 20, 2004, relating to RNS' and
RNS Co-Issuer Corporation's $325,000,000 10-3/8% Senior
Subordinated Notes due 2014.

A full-text copy of RNS' unaudited condensed consolidated
financial statements is available for free at:

               http://ResearchArchives.com/t/s?6850

A full-text copy of RNS' management's discussion and analysis is
available for free at:

               http://ResearchArchives.com/t/s?6851

                    About Cablevision Systems

Headquartered in Bethpage, New York, Cablevision Systems
Corporation is predominantly a domestic cable TV multiple system
operator serving around 3.1 million subscribers in and around the
New York metropolitan area.  Among other entertainment-and media-
related business ventures, the company also owns and distributes
programming to cable television and direct broadcast satellite
providers throughout the United States through its Rainbow
National Services subsidiary.

The Company's balance sheet at June 30, 2010, showed $7.63 billion
in total assets, $13.81 billion in total liabilities, and
stockholders' deficit $6.19 billion.

                           *     *     *

As reported in the Troubled Company Reporter on July 27, 2010,
Fitch Ratings has affirmed the 'BB-' Issuer Default Ratings
assigned to Cablevision Systems and its wholly owned subsidiary
CSC Holdings LLC.  The rating outlook is "stable."  As of
March 31, 2010, CVC had approximately $11.4 billion of debt
outstanding.  Fitch noted that the Company's liquidity position
and financial flexibility have strengthened when considering,
among other things, the Company's improved free cash flow
generation, and access to $1.4 billion of available borrowing
capacity from revolvers.

Cablevision carries a 'Ba2' long term corporate family rating from
Moody's and 'BB' issuer credit ratings from Standard & Poor's.


CALVARY BAPTIST: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Calvary Baptist Church World Outreach Centers
          aka Calvary Baptist Church of Santa Ana
              Calvary Pointe Church
        1525 W. Walnut Street
        Santa Ana, CA 92903

Bankruptcy Case No.: 10-20895

Chapter 11 Petition Date: August 5, 2010

Court: U.S. Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Robert N. Kwan

Debtor's Counsel: Theodore E. Malpass, Esq.
                  4931 Birch Street, Suite 300
                  Newport Beach, CA 92660
                  Tel: (949) 474-9944
                  Fax: (949) 474-9947
                  E-mail: temalpass@aol.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Company did not file a list of creditors together with its
petition.

The petition was signed by Carol L. Smith, secretary.


CAPLAN LANDLORD: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Caplan Landlord, LLC
        510 SW 5th Avenue, Suite 400
        Portland, OR 97204

Bankruptcy Case No.: 10-37454

Chapter 11 Petition Date: August 4, 2010

Court: United States Bankruptcy Court
       District of Oregon

Debtor's Counsel: Chad M. Stokes, Esq.
                  1001 SW 5th Ave #2000
                  Portland, OR 97204-1136
                  Tel: (503) 224-3092
                  Fax: (503) 224-3176
                  E-mail: cstokes@cablehuston.com

Scheduled Assets: $5,431,010

Scheduled Debts: $14,031,017

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/orb10-37454.pdf

The petition was signed by Bruce Wood, managing member.


CARMELO GONZALEZ: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Carmelo A. Gonzalez
        14220 SW 136 Street
        Miami, FL 33186

Bankruptcy Case No.: 10-33035

Chapter 11 Petition Date: August 5, 2010

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

Judge: Laurel M. Isicoff

Debtor's Counsel: D. Jean Ryan, Esq.
                  P.O. Box 561507
                  Miami, FL 33256
                  Tel: (305) 275-2733
                  E-mail: ryandunncourtmail@ryan-dunn.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $10,000,001 to $50,000,000

A list of the Debtor's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flsb10-33035.pdf


CELL THERAPEUTICS: Won't Have Cash Beyond Fourth Quarter
--------------------------------------------------------
Cell Therapeutics Inc. filed its quarterly report on Form 10-Q
with the Securities and Exchange Commission.

The Company said it does not expect that its existing cash and
cash equivalents, including the cash received from the issuance of
our Series 6 preferred stock and warrants, will be sufficient to
fund its presently anticipated operations beyond the fourth
quarter of 2010.

The Company incurred a net loss attributable to shareholders of
$53.6 million on $299,000 of revenue for three months ended June
30, 2010, compared with a net loss of $27.4 million on $319,000 of
net revenue during the comparable period in 2009.

The Company's balance sheet at June 30, 2010, showed
$94.57 million in total assets, $77.70 million in total
liabilities, and $4.61 million in stockholders' equity.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6824

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?6863

                     About Cell Therapeutics

Headquartered in Seattle, Washington, Cell Therapeutics, Inc.
(NASDAQ and MTA: CTIC) -- http://www.CellTherapeutics.com/-- is a
biopharmaceutical company that develops an integrated portfolio of
oncology products aimed at making cancer more treatable.
Subsequent to the closure of its Bresso, Italy operations in
September 2009, CTI's operations are conducted solely in the
United States.

                       Going Concern Doubt

San Francisco-based Stonefield Josephson, Inc., has included an
explanatory paragraph in their report on Cell Therapeutics, Inc.'s
December 31, 2009, 2008 and 2007 consolidated financial statements
regarding their substantial doubt as to the Company's ability to
continue as a going concern.  The independent auditors reported
that the Company has sustained loss from operations over the audit
periods, incurred an accumulated deficit, and has substantial
monetary liabilities in excess of monetary assets as of
December 31, 2009.

                      Bankruptcy Warning

In its Form 10-Q report for the period ended September 30, 2009,
filed with the Securities and Exchange Commission, the Company
warned it does not expect it will have sufficient cash to fund
planned operations through the second quarter of 2010, which
raises substantial doubt about its ability to continue as a going
concern.  The Company said if it fails to obtain capital when
required, the Company said it may be required to delay, scale
back, or eliminate some or all of its research and development
programs and may be forced to cease operations, liquidate its
assets and possibly seek bankruptcy protection.


CENTRAL PACIFIC: Bank Exposed to Potential Regulatory Takeover
--------------------------------------------------------------
Central Pacific Financial Corp. filed its quarterly report on Form
10-Q, reporting a net loss of $16.1 million for the three months
ended June 30, 2010, compared with a net loss of $34.4 million for
the corresponding period of 2009.  Net interest income was
$29.2 million for the three months ended June 30, 2010, compared
to net interest income of $46.1 million a year ago.

The Company's balance sheet as of June 30, 2010, showed
$4.279 billion in total assets, $4.113 billion in total
liabilities, and stockholders' equity of $166.5 million.

To recall, in December 2009, the members of the Board of Directors
of Central Pacific Bank agreed to the Consent Order with the
Federal Deposit Insurance Corporation and the Hawaii Division of
Financial Institutions, which requires the bank to improve its
capital position, asset quality, liquidity and management
oversight, among other matters.  In addition, the bank must also
maintain an adequate allowance for loan and lease losses at all
times, reduce doubtful and substandard assets to less than 75% of
Tier 1 capital plus reserves, and systematically reduce commercial
real estate loans, particularly land development and construction
loans. The bank must also obtain approval from the FDIC and DFI
before paying cash dividends or making other payments from the
bank to Central Pacific Financial.

The Company notes that it is under a Consent Order that, among
other things, required it to increase and maintain its leverage
and total risk-based capital ratios to at least 10% and 12%,
respectively, by March 31, 2010.  The Company was unable to meet
these capital ratio requirements as of March 31, 2010, and as of
the filing of the Form 10-Q.  The Company's inability to meet the
capital ratio requirements under the Consent Order, as well as
further declines in its capital ratios, exposes it to additional
restrictions and regulatory actions, including potential
regulatory take-over.  The Company's inability to meet existing
regulatory requirements and the uncertainty as to its ability to
meet future regulatory requirements raises substantial doubt about
its ability to continue as a going concern.

A full-text copy of the Quarterly Report is available for free at:

              http://researcharchives.com/t/s?6861

                 About Central Pacific Financial

Based in Honolulu, Hawaii, Central Pacific Financial Corp. (NYSE:
CPF) -- http://www.centralpacificbank.com/-- is the parent
company of Central Pacific Bank, a full-service commercial bank
with 35 bank branches and more than 120 ATMs located throughout
the State of Hawaii.  The bank also has a loan production office
in California.

As reported in the Troubled Company Reporter on March 18, 2010,
KPMG LLP, in Honolulu, Hawaii, expressed substantial doubt about
the Company's ability to continue as a going concern after
auditing the Company's financial statements for the year ended
December 31, 2009.  The independent auditors noted that the
Company entered into a consent order dated December 8, 2009, with
its primary banking regulators which among other things restricts
certain operations and requires the Company to increase its
leverage and total risk-based capital ratios to at least 10%
and 12%, respectively, by March 31, 2010, and maintain these
levels thereafter.  Failure to increase its capital ratios or
further declines in its capital ratios exposes the Company to
additional restrictions and regulatory actions, including seizure
of Central Pacific Bank.


CHEMTURA CORP: Canada Unit Filed for Chapter 11 on August 8
-----------------------------------------------------------

Chemtura Canada Co./Cie
fka Crompton Co./Cie
Purdy's Warf, Tower One
1100-1959 Upper Water Street
Halifax, Nova Scotia, Canada B3J3N2

Chemtura Canada Co./Cie filed a voluntary Chapter 11 petition on
August 8, 2010, with the U.S. Bankruptcy Court for the Southern
District of New York solely to address diacetyl-related claims
asserted against it.

Chemtura Canada is a wholly owned indirect subsidiary of Chemtura
Corporation.  Chemtura Canada is part of Chemtura Corp.'s
globally diversified specialty chemicals business, with
operations in Chemtura Corp.'s Industrial Engineered Products
segment.  Chemtura Canada is the successor to Crompton Co./Cie, a
corporation organized under the laws of the Province of Nova
Scotia, Canada.  Chemtura Canada directly or indirectly owns
several subsidiaries that operate in Italy (Chemtura Italy
S.r.l.) and Brazil (Chemtura Industria Quimica de Brasil Ltda.),
among other countries.

A copy of the organization chart involving Chemtura Canada is
available for free at:

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

In 2009, Chemtura Canada had sales of approximately C$202 million
and income after tax of approximately C$7 million. Chemtura
Canada and its affiliates collectively comprise approximately
16.9% of Chemtura Canada's blended 2009 and 2010 EBITDA.

As of June 30, 2010, Chemtura Canada lists the book value of
its assets at C$866 million and its total liabilities at
C$102 million.

Chemtura Canada owns several facilities in Canada, including
manufacturing plants located in Elmira, Ontario and West Hill,
Ontario.

Chemtura Canada was mainly involved in the production of
diacetyl, a butter flavoring that was widely used in the food
industry before 2005.  Before March 2009, Chemtura Corp.
distributed and Chemtura Canada produced diacetyl.  Specifically,
from 1982 to 2005, Chemtura Canada manufactured and sold diacetyl
to certain customers in the United States.  During this time,
Citrus & Allied Essences, Ltd., a flavoring manufacturer,
distributor and supplier of specialty flavoring ingredients, was
the exclusive reseller of diacetyl manufactured by Chemtura
Canada for the United States market.

While Chemtura Canada always produced the diacetyl, Chemtura
Corp. acted as an intermediary between 1998 and 2005, purchasing
diacetyl from Chemtura Canada and then selling the diacetyl to
U.S. customers, including Citrus.

As of August 8, 2010, there are 22 pending lawsuits against
Chemtura Corp and/or Chemtura Canada based on allegations that
exposure to diacetyl manufactured by Chemtura Canada and
distributed by Chemtura and Citrus caused respiratory illness in
numerous food industry factory workers.

Chemtura Corp. and 25 of its affiliates previously filed for
bankruptcy protection on March 18, 2009 in the New York
Bankruptcy Court under Case No. 09-11233.  The Original Chemtura
Debtors filed a Chapter 11 Plan in June 2010, to address among
others, exposure to diacetyl-related claims.  Specifically, the
Plan provides that holders of Diacetyl Claims will either receive
payment in cash pursuant to a negotiated settlement or, if a
holder's claim is not subject to a negotiated settlement, a
distribution from a reserve created for the benefit of holders of
Diacetyl Claims that is funded with an amount to be determined at
an estimation hearing to be held before the Bankruptcy Court.

The Original Debtors revised the Plan on July 9, 2010, to include
Chemtura Canada as a potential debtor so that Diacetyl Claims
against Chemtura Canada can be addressed in the same manner as
Diacetyl Claims against Chemtura Corp.

To date, 373 non-duplicative diacetyl-related claims have been
asserted against the Debtors.  All but approximately 13 of the
Diacetyl Claims are filed in unliquidated amounts, and the 13
Diacetyl Claims asserted with an alleged liquidated amount total
approximately $59,800,000.  A list of Diacetyl Claims is
available at:

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

Chemtura Canada and the Original Debtors have recently struck a
deal with the law firm of Humphrey Farrington & McClain P.C.,
which represents individual plaintiffs that hold 347 of the 373
Diacetyl Claims and are party to 15 of the 22 pending Diacetyl
lawsuits, according to Stephen Forsyth, executive vice president
and chief financial officer of Chemtura Corp.  The parties
engaged in extensive arm's-length negotiations over a period of
more than 7 months.  Ultimately, Chemtura Canada and HFM have
determined to settle the HFM Diacetyl Claims.  Among others,
Chemtura Canada will contribute funds to settlement the HFM
Diacetyl Claims.  A motion for approval of the Diacetyl
Settlement Agreement has been filed with the Bankruptcy Court.
It is scheduled to be heard on August 23, 2010.

Against this backdrop, Chemtura Canada now seeks to join the
Original Debtors' Chapter 11 cases in order to implement the
Plan's treatment of Diacetyl Claims against both Chemtura Corp.
and Chemtura Canada.

Contemporaneous with its bankruptcy petition, Chemtura Canada is
also seeking a variety of first-day relief to preserve customer
relationships, maintain employee morale and ensure continuation
of its cash management system and other business operations
without interruption.

Chemtura Canada also intends to commence on or before August 12,
2010, a proceeding under Canada's Companies' Creditors
Arrangement Act.  The Company has engaged Alvarez & Marsal Canada
Inc. to serve as information officer with respect to the
anticipated CCAA Proceeding.

                  Senior Management, Payroll,
                 Cash Receipts & Disbursements

Chemtura Canada's senior management is currently composed of Sean
P. O'Connor as president, Dimitri G. Makres as vice-president,
Noel C. Blake as treasurer and assistant secretary, and Robert J.
Cicero as secretary.

The Company estimates the anticipated weekly payroll of its
employees for the 30-day period after it filed for bankruptcy:

Payment to Employees:   Approx. C$1,117,000 for 30 days
Payment to Advisors:    Approx. C$213,000 for 30 days
Payment to Officers,
   Directors and
   Stockholders:         N/A, Officers are paid as employees.

The Company also presents an estimate of its cash receipts and
disbursements, net cash gain or loess and obligations and
receivables expected to accrue than remain unpaid, for the 30-day
period after it filed for bankruptcy:

Cash Receipts:          Approx. $16,894,000
Cash Disbursements:     Approx. $15,970,000
Net Cash Gain/Loss:     Approx. $1,074,000
Unpaid Obligations:     De minimis
Unpaid Receivables:     De minimis

Chemtura Canada also attached a list of property in its
possession and property not in its possession and a list of
litigation proceedings it is a party to, copies of which are
available for free at:

  http://bankrupt.com/misc/ChemCan_PropNotNPossession.pdf
  http://bankrupt.com/misc/ChemCan_PropNPossession.pdf
  http://bankrupt.com/misc/ChemCan_LitigationList.pdf

                       About Chemtura Corp.

Based in Middlebury, Connecticut, Chemtura Corporation (CEM) --
http://www.chemtura.com/-- with 2008 sales of $3.5 billion, is a
global manufacturer and marketer of specialty chemicals, crop
protection products, and pool, spa and home care products.
Chemtura Corporation and 26 of its U.S. affiliates filed voluntary
petitions for relief under Chapter 11 on March 18, 2009 (Bankr.
S.D.N.Y. Case No. 09-11233).  M. Natasha Labovitz, Esq., at
Kirkland & Ellis LLP, in New York, serves as bankruptcy counsel.
Wolfblock LLP serves as the Debtors' special counsel.  The
Debtors' auditors and accountant are KPMG LLP; their investment
bankers are Lazard Freres & Co.; their strategic communications
advisors are Joele Frank, Wilkinson Brimmer Katcher; their
business advisors are Alvarez & Marsal LLC and Ray Dombrowski
serves as their chief restructuring officer; and their claims and
noticing agent is Kurtzman Carson Consultants LLC. As of

December 31, 2008, the Debtors had total assets of $3.06 billion
and total debts of $1.02 billion.  Bankruptcy Creditors' Service,
Inc., publishes Chemtura Bankruptcy News.  The newsletter tracks
the Chapter 11 proceedings undertaken by Chemtura Corp. and its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


CHEMTURA CORP: Chemtura Canada's Chapter 11 Case Summary
--------------------------------------------------------
Debtor: Chemtura Canada Co./Cie.
          aka Crompton Co./Cie
        Purdy's Warf, Tower One
        1100-1959 Upper Water Street
        Halifax, Nova Scotia B3J3N2

Bankruptcy Case No.: 10-14283

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       Southern District of New York (Manhattan)

Debtor's Counsel: M. Natasha Labovitz, Esq.
                  KIRKLAND & ELLIS LLP
                  Citigroup Center
                  601 Lexington Avenue
                  New York, NY 10022
                  Tel: (212) 446-4907
                  Fax: (212) 446-4900
                  E-mail: nlabovitz@kirkland.com

Estimated Assets: $500,000,001 to $1 billion

Estimated Debts: $100,000,001 to $500,000,000

The petition was signed by Noel C. Blake, regional
comptroller/Canada and Latin America.

Chemtura Canada's List of Seven Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Heraeus Metal Processing Inc       Trade                   C$5,288
P.O. Box 910468
Dallas, TX, USA 75391-0468

Minister of Finance - Ontario      Health Tax              C$2,366
P.O. Box 620 Taxation Data Centre
Oshawa, ON, Canada L1H 8E9

Aevitas Inc.                       Trade                     C$959
75 Wanless Court
Ayr, ON, Canada N0B 1E0

Levitt-Safety Limited              Trade                     C$739

Bell Canada                        Telecom                   C$655

Neopost Leasing Services CDN Ltd.  Trade                     C$339

Cosmotrax Inc                      Trade                     C$273

Chemtura Canada's List of Five Largest Secured Claims:

Creditor                     Type of Collateral   Claim Amount
--------                     ------------------   ------------
GATX Rail                    Railcars, railroad     Unknown
Canada Corporation           rolling stock and
1801 McGill College Ave.     other related
Suite 1475                   personal property;
Montreal, PQ H3A 2N4         proceeds

Integrated Distribution      Motor Vehicles         Unknown
Systems LP O/A
Wajax Industries
16745-111 Avenue NW
Edmonton, Alberta T5M 2S4

Leasebank Credit Corporation Equipment             Unknown
1100 Burloak Drive,
7th Floor
Burlington, ON L7L 6B2

Liftcapital Corporation      Equipment             Unknown
300 The East Mall
Suite 401
Toronto, ON M9B 6B7

Hewlett-Packard              Equipment             Unknown
Financial Services
Canada Company
5150 Spectrum Way
Mississauga, ON L4W 5G1

Debtor-affiliates that filed separate Chapter 11 petitions:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Chemtura Corporation                  09-11233            03/18/09
A&M Cleaning Products, LLC            09-11234            03/18/09
Aqua Clear Industries, LLC            09-11231            03/18/09
ASCK, Inc.                            09-11235            03/18/09
ASEPSIS, Inc.                         09-11236            03/18/09
BioLab Company Store, LLC             09-11237            03/18/09
BioLab Franchise Company, LLC         09-11238            03/18/09
Bio-Lab, Inc.                         09-11239            03/18/09
BioLab Textile Additives, LLC         09-11240            03/18/09
CNK Chemical Realty Corporation       09-11241            03/18/09
Crompton Colors Incorporated          09-11242            03/18/09
Crompton Holding Corporation          09-11244            03/18/09
Crompton Monochem, Inc.               09-11245            03/18/09
GLCC Laurel, LLC                      09-11246            03/18/09
Great Lakes Chemical Corporation      09-11247            03/18/09
Great Lakes Chemical Global, Inc.     09-11249            03/18/09
GT Seed Treatment, Inc.               09-11250            03/18/09
HomeCare Labs, Inc.                   09-11251            03/18/09
ISCI, Inc.                            09-11252            03/18/09
Kem Manufacturing Corporation         09-11253            03/18/09
Laurel Industries Holdings, Inc.      09-11254            03/18/09
Monochem, Inc.                        09-11255            03/18/09
Naugatuck Treatment Company           09-11256            03/18/09
Recreational Water Products, Inc.     09-11257            03/18/09
Uniroyal Chemical Company             09-11258            03/18/09
Limited (Delaware)
Weber City Road LLC                   09-11259            03/18/09
WRL of Indiana, Inc.                  09-11260            03/18/09

                       About Chemtura Corp.

Based in Middlebury, Connecticut, Chemtura Corporation (CEM) --
http://www.chemtura.com/-- with 2008 sales of $3.5 billion, is a
global manufacturer and marketer of specialty chemicals, crop
protection products, and pool, spa and home care products.
Chemtura Corporation and 26 of its U.S. affiliates filed voluntary
petitions for relief under Chapter 11 on March 18, 2009 (Bankr.
S.D.N.Y. Case No. 09-11233).  M. Natasha Labovitz, Esq., at
Kirkland & Ellis LLP, in New York, serves as bankruptcy counsel.
Wolfblock LLP serves as the Debtors' special counsel.  The
Debtors' auditors and accountant are KPMG LLP; their investment
bankers are Lazard Freres & Co.; their strategic communications
advisors are Joele Frank, Wilkinson Brimmer Katcher; their
business advisors are Alvarez & Marsal LLC and Ray Dombrowski
serves as their chief restructuring officer; and their claims and
noticing agent is Kurtzman Carson Consultants LLC. As of

December 31, 2008, the Debtors had total assets of $3.06 billion
and total debts of $1.02 billion.  Bankruptcy Creditors' Service,
Inc., publishes Chemtura Bankruptcy News.  The newsletter tracks
the Chapter 11 proceedings undertaken by Chemtura Corp. and its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


CHEMTURA CORP: Court OKs Amendment to $450MM Replacement Facility
-----------------------------------------------------------------
U.S. Bankruptcy Judge Robert Gerber authorized Chemtura Corp. and
its units to enter into the First Amendment of the Replacement DIP
Credit Agreement and to pay certain fees related to the First
Amendment.

The First Amendment essentially permits the Debtors to (1) file a
voluntary Chapter 11 petition for Chemtura Canada Co./Cie without
resulting to a default of the DIP Loan Agreement; (2) make
certain intercompany transfers to Chemtura Canada; and (3) sell
their natural sodium sulfonates and oxidized petrolatums business
to Sonneborn Inc., among others.

The Court also permits the Debtors to file under seal the fee
letter of Citigroup Global Markets, Inc., as joint arranger under
the DIP Loan Agreement, in relation to the First Amendment.

In a subsequent filing with the Court dated July 30, 2010, the
Debtors seek approval of a second amendment to the Replacement
DIP Credit Agreement, in connection with their request to obtain
exit financing.

The Exit Financing contemplated to be entered into by the Debtors
consists of an asset-based credit facility, a term loan facility,
and the issuance of senior notes.  Richard M. Cieri, Esq., at
Kirkland & Ellis LLP, in New York, relates that the Second
Amendment:

  -- permits the Debtors to enter into the Exit Financing
     Agreements, including paying related fees and expenses and
     funding the senior notes and the term loan into escrow
     before confirmation of their bankruptcy plan; and

  -- authorizes the Debtors, to the extent it is determined to
     be necessary under the circumstances, to create a wholly
     owned, special purpose subsidiary of Chemtura for the
     purpose of issuing debt in respect of notes or term loan
     contemplated under the Exit Financing Agreements.

Moreover, the Second Amendment inserted new definitions related
to a prospective approval of the Debtors' request for Court
approval of an exit financing.

A full-text of the Second Amendment to the Replacement DIP
Facility is available for free at:

          http://bankrupt.com/misc/ChemAmDIPAgrmt2.pdf

                       About Chemtura Corp.

Based in Middlebury, Connecticut, Chemtura Corporation (CEM) --
http://www.chemtura.com/-- with 2008 sales of $3.5 billion, is a
global manufacturer and marketer of specialty chemicals, crop
protection products, and pool, spa and home care products.
Chemtura Corporation and 26 of its U.S. affiliates filed voluntary
petitions for relief under Chapter 11 on March 18, 2009 (Bankr.
S.D.N.Y. Case No. 09-11233).  M. Natasha Labovitz, Esq., at
Kirkland & Ellis LLP, in New York, serves as bankruptcy counsel.
Wolfblock LLP serves as the Debtors' special counsel.  The
Debtors' auditors and accountant are KPMG LLP; their investment
bankers are Lazard Freres & Co.; their strategic communications
advisors are Joele Frank, Wilkinson Brimmer Katcher; their
business advisors are Alvarez & Marsal LLC and Ray Dombrowski
serves as their chief restructuring officer; and their claims and
noticing agent is Kurtzman Carson Consultants LLC. As of

December 31, 2008, the Debtors had total assets of $3.06 billion
and total debts of $1.02 billion.  Bankruptcy Creditors' Service,
Inc., publishes Chemtura Bankruptcy News.  The newsletter tracks
the Chapter 11 proceedings undertaken by Chemtura Corp. and its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


CHENIERE ENERGY: Posts $85.7 Mil. Net Income for June 30 Quarter
----------------------------------------------------------------
Cheniere Energy Inc. reported net income of $85.7 million for the
second quarter 2010 compared with a net loss of $13.1 million for
the comparable 2009 period.  Total revenue for the second quarter
was $68.27 million, compared with $37.96 million during the same
period in 2009.

Significant 2010 events for the Company include:

  * In March 2010, Cheniere Marketing, LLC, entered into various
    agreements with JPMorgan LNG Co., an indirect subsidiary of
    JPMorgan Chase & Co., providing Cheniere Marketing with
    financial support to source more cargoes of LNG than it could
    source on a stand-alone basis;

  * In May 2010, it used $102.0 million of cash received from the
    sale of its 30% interest in Freeport LNG Development, L.P.
    to repay a portion of our 2007 term loan;

  * In June 2010, it used $63.6 million of cash and cash
    equivalents held in a terminal use agreement reserve account
    established in connection with the 2008 convertible loans to
    repay a portion of the 2008 convertible loans as a result of
    the assignment of the Cheniere Marketing TUA to a subsidiary
    of Cheniere Partners; and

  * In June 2010, Cheniere Partners initiated a project to add
    liquefaction services at the Sabine Pass LNG receiving
    terminal that would transform the terminal into a bi-
    directional facility capable of liquefying natural gas and
    exporting LNG in addition to importing and regasifying
    foreign-sourced LNG.  Cheniere Partners, under its subsidiary
    Sabine Pass Liquefaction, LLC, initiated the regulatory
    process in July 2010 by filing a request with the Federal
    Energy Regulatory Commission to begin the NEPA pre-filing
    process.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6866

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?6865

The Company said that there are some of the important factors that
could affect its financial performance.  A full-text copy of the
Company's risk factors is available for free at:

              http://ResearchArchives.com/t/s?6864

                       About Cheniere Energy

Cheniere Energy, Inc. (NYSE Amex: LNG) -- http://www.cheniere.com/
-- is a Houston-based energy company primarily engaged in LNG
related businesses, and owns and operates the Sabine Pass LNG
receiving terminal and Creole Trail pipeline in Louisiana.
Cheniere is pursuing related business opportunities both upstream
and downstream of the Sabine Pass LNG receiving terminal.
Cheniere is also the founder and holds a 30% limited partner
interest in another LNG receiving terminal.

The Company's balance sheet at June 30, 2010, showed $2.60 billion
in total assets, $56.51 million in total current liabilities,
$2.59 billion long-term debt net of discount, $309.49 million in
long-term debt -- related parties net of discount, $31.77 million
in deferred revenue, in $2.87 million other non-current
liabilities, and $386.56 million in total stockholders' deficit.

The Company has reported net losses for the past five years.  It
incurred a net loss of $161.49 million in 2009, $372.96 million in
2008 and $196.58 million in 2007.


CHESAPEAKE ENERGY: Fitch Assigns 'BB' Rating on Proposed Offering
-----------------------------------------------------------------
Fitch Ratings has assigned a 'BB' rating to Chesapeake Energy
Corporation's proposed offering of 2018 and 2020 senior unsecured
notes.  Proceeds from the note offering will be used to refinance
the company's existing 7.0% 2014 notes, 6.625% 2016 notes and
6.25% 2018 notes.  The note offering is intended to extend
maturities and remove more restrictive negative covenants in the
existing notes.

Fitch's Rating Outlook on Chesapeake remains Stable.

Fitch continues to monitor the company's progress in achieving
future debt reductions stemming from execution of the company's
asset divesture plans.  In addition, Fitch will continue to
monitor market conditions for oil and natural gas prices, proceeds
raised from additional joint ventures/VPPs, and use of any
proceeds exceeding the $5 billion target for potential future
positive rating actions.  Leverage metrics will also continue to
be viewed in light of fuel mix given the current market
environment with natural gas trading at a very deep discount to
oil and Chesapeake's significant exposure to the economics of the
natural gas market.  Beyond balance sheet improvements, Fitch will
monitor the company's tendencies toward aggressive growth policies
combined with continued success in its underlying operational
performance as key drivers to the timing and magnitude of future
positive rating actions.

Chesapeake's ratings continue to be supported by the size and low
risk profile of its oil and gas reserves which now approximate
15.5 trillion cubic feet equivalent.  In addition, Chesapeake
continues to post very robust reserve replacement results.  Both
organic reserve replacement and production growth remain strong
and support the company's ability to support high leverage levels.
Both the strong reserve replacement metrics and the onshore
location of Chesapeake's reserves highlight the low risk nature of
the company's reserves.

Credit metrics improved as of June 30, 2010, as Chesapeake
generated latest 12 months (LTM) EBITDAX of $4.7 billion which
resulted in interest coverage of 5.4 times and leverage, as
measured by debt-to-EBITDAX of 2.4x.  Improvements stemmed from
both increased EBITDAX and falling debt levels stemming from the
company's debt reduction efforts announced in May 2010.  Free cash
flow (cash flow from operations less capital expenditures and
dividends) was negative $4.5 billion during the LTM period, driven
primarily by continued spending on leasehold acquisitions as the
company shifts toward liquids rich shale plays and continued weak
natural gas pricing.

Liquidity remains reasonable and is expected to improve as a
result of the proposed asset sales and debt reductions.  The
presence of commodity price hedges and growing oil production
levels continue to support operating cash flow levels.
Chesapeake's liquidity stems from cash balances ($601 million on
June 30, 2010), remaining availability of $2.115 billion on its
$3.5 billion senior unsecured credit facility (maturing in Nov.
2012) and from operating cash flows ($5.336 billion for the LTM
period ending June 30, 2010).  Debt maturities do not occur until
the 2012 maturity of the company's senior secured credit facility
($1.371 billion outstanding).  Following debt maturities include
$500 million in 2013.

Key covenants are primarily associated with the senior unsecured
credit facility and include maximum debt-to-book capitalization
(70% covenant threshold) and maximum total debt to EBITDAX (3.75x
covenant level).  Unrealized hedging gains and losses are excluded
from the covenant calculations and the company also has carve-outs
in the credit facility for ceiling-test write-down impacts on the
capitalization calculation.  It is important to note that
Chesapeake's credit facility currently contains a borrowing base
which is subject to periodic redeterminations that the company has
completed with its bank group.  Chesapeake has currently pledged
approximately 37% of its assets toward the credit facility and
maintains the flexibility to increase security levels in order to
maintain the current borrowing base as commodity prices remain at
lower levels.  Chesapeake was in full compliance with regard to
covenants in its credit facility at June 30, 2010 with debt-to-
capitalization at 35% and debt-to-EBITDAX of 2.64x per the
covenant calculations.

Chesapeake was also in compliance with the incurrence covenant
test in its senior bonds (pre-2005 issues) as of June 30, 2010.
Remaining covenants associated with the company's outstanding
senior notes include limits on incurring additional debt, pay
dividends, make investments or other restricted payments, incur
liens, enter into sale/leaseback transactions, limits on the
ability to engage in merger transactions, sell assets or redeeming
capital stock as well as other restrictions.  As noted, many of
these covenants will fall away as a result of the current debt
offering.  The only expected remaining covenants will include
limitations on incurring liens, entering into sale/leaseback
transactions, limits on the ability to engage in merger
transactions.

Fitch maintains these ratings on Chesapeake:

  -- IDR at 'BB';
  -- Senior unsecured debt at 'BB';
  -- Senior secured revolving credit facility at 'BBB-';
  -- Convertible preferred stock at 'B+'.

The Rating Outlook is Stable.


CHESAPEAKE ENERGY: Moody's Assigns 'Ba3' Rating on $1.6 Bil. Notes
------------------------------------------------------------------
Moody's Investors Service changed Chesapeake Energy's rating
outlook to positive from stable.  Moody's also assigned a Ba3
rating to CHK's pending $1.6 billion two-tranche offering of
senior unsecured notes due 2018 and 2020.  Moody's affirmed CHK's
Ba2 Corporate Family Rating, its SGL-3 Speculative Grade Liquidity
rating, and its existing debt ratings.  Net proceeds will retire
up to $1.5 billion in existing notes under a tender offer launched
August 3, 2010.

The positive outlook reflects a reasonable expectation that CHK's
announced deleveraging plan may lead to a one notch upgrade in
twelve to eighteen months.  CHK has a significant distance to
travel before achieving leverage suitable for an upgrade, partly
because Moody's grant 50% equity credit to CHK's convertible
preferred stock.  Furthermore, the firm's heavy capital outlays
relative to operating cash flow, its reliance on very large
property monetizations to fund the shortfall, and its
comparatively low level of 2011 hedging imply that substantial
leverage reduction is unlikely to come from organic debt
reduction.  Instead, substantial leverage reduction would more
likely rely on the slower process of drill bit-driven production
and proven developed reserve growth relative to debt.

The Ba2 CFR is supported by CHK's very large and diversified
property base, notably large and diversified drilling inventory,
drilling capital spending carry from its joint venture partners,
sound 2010 hedge coverage, the substantial work already done to
improve its leverage profile, strong production growth trends and
multiple pending property monetizations.  Second quarter 2010
production grew sequentially by 8%.

However, the ratings are restrained by still high leverage, heavy
capital outlays relative to cash flow in spite of drilling capital
spending carries from joint venture partners, reliance on very
large asset monetizations to supplement operating cash flows, weak
natural gas prices and a low level of 2011 hedging, a penchant for
aggressive growth, and a highly complex financial structure.  CHK
will continue to outspend operating cash flow as it now
accumulates and develops unconventional oil and wet gas acreage.

Having surged into prolific unconventional gas plays with massive
capital outlays and watched natural gas prices fall sharply under
the pressure of the production response of many competitors
following that same strategy at the same time, CHK is embarked on
a new costly emphasis into wet gas plays wherein revenues are
supplemented by natural gas liquids.  This is not without risk as
many firms are also pursuing this strategy, resulting in a growth
in natural gas liquids production and in a wider discount of
natural gas liquids prices relative to crude oil.  This sequence
of events has prevented CHK from having free operating cash flow
for meaningful debt reduction.  While it is in the process of
producing and monetizing its gas shale plays, CHK is now making
heavy capital commitments to establish one of the largest
unconventional oil and wet gas portfolios in the country.  On the
other hand, the new surge into wet gas plays is adding further
price and value diversification to CHK's portfolio.

The twelve to eighteen month timeframe for an upgrade reflects the
fact that CHK's leverage reduction strategy started from
particularly high leverage on daily production and proven
developed reserves.  CHK still carries high leverage after
retiring debt with $2.6 billion in convertible preferred stock
proceeds, in part because Moody's only grant the preferred stock
50% equity credit.  CHK also retired debt with volumetric
production payment proceeds, although Moody's counts VPP's as debt
and adds the sold reserves back for leverage calculations.  VPP's
also encumber all reserves from the leasehold from which they were
carved.

Pro-forma June 30, 2010 Debt / PD Reserves (as adjusted for
Moody's standard adjustments) was $11.56 /barrel (bbl), Debt /
Average Daily Production of $33,921/bbl, and Debt plus FAS 69
Development Capex / Total Proven Reserves of $10.43/bbl.  However,
these leverage levels are down since its prior peaks, when Debt /
Proven Developed Reserves was $12.60/ bbl, Debt / Average Daily
Production approximated $43,000/bbl, and Debt plus FAS 69
Development Capex / Total Proven Reserves was $12.15/bbl.  As a
result of the slight change in the amount of secured versus
unsecured debt in the capital structure, the LGD statistics on
CHK's senior unsecured notes was changed to LGD4-67% from LGD4-
69%.

Moody's will assess the degree to which the net effect of property
monetizations, associated divested production and reserves, debt
reduction and capital reinvestment generate sustainable leverage
reduction.  The challenge for firms engaged in oil and natural gas
unconventional resource plays, especially during ramp-up phases,
is to generate production growth commensurate with the very high
start-up and ongoing capital costs.  Accordingly, it can be
challenging to reduce leverage on production.

Moody's last rating action for CHK was January 28, 2009, Moody's
assigned a Ba3 senior unsecured note rating to a new note offering
and affirmed CHK's ratings.

Chesapeake Energy is headquartered in Oklahoma City, Oklahoma.


CHESTERFIELD DAIRY: Case Summary & Largest Unsecured Creditor
-------------------------------------------------------------
Debtor: Chesterfield Dairy, LLC
        1290 Shoop Avenue, Suite 140
        Wauseon, OH 43567

Bankruptcy Case No.: 10-11888

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: James K. Coachys

Debtor's Counsel: KC Cohen, Esq.
                  151 N. Delaware Street, Suite 1104
                  Indianapolis, IN 46204
                  Tel: (317) 715-1845
                  Fax: (317) 916-0406
                  E-mail: kc@esoft-legal.com

Estimated Assets: $0 to $50,000

Estimated Debts: $1,000,001 to $10,000,000

The petition was signed by J.M.T. Vande Kolk, member/manager.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Union Go Dairy Leasing, LLC           10-1703-JKC-11      02/17/10

The list of unsecured creditors the Company filed together with
its petition contains only one entry:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Agstar Financial Services, ACA     real estate sold     $8,800,000
P.O. Box 4249                      at receiver's
Mankato, MN 56002-4249             sale


COMMONWEALTH COMMONS: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Debtor: Commonwealth Commons, LLC
        35 Boston Street
        Middleton, MA 01949

Bankruptcy Case No.: 10-18491

Chapter 11 Petition Date: August 5, 2010

Court: United States Bankruptcy Court
       District of Massachusetts (Boston)

Judge: Frank J. Bailey

Debtor's Counsel: Barry R. Levine, Esq.
                  LAW OFFICE OF BARRY R. LEVINE
                  100 Cummings Center, Suite 460C
                  Beverly, MA 01915
                  Tel: (978) 922-8440
                  Fax: (978) 232-0094
                  E-mail: barlev@levineatlaw.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor did not file a list of its largest unsecured creditors
together with its petition.

The petition was signed by Rocco Scippa, manager.


COMMUNITY VALLEY: Posts $600,000 Net Loss in Q2 Ended June 30
-------------------------------------------------------------
Community Valley Bancorp filed its quarterly report on Form 10-Q,
reporting a net loss of $600,000 on $4.7 million of net interest
income for the three months ended June 30, 2010, compared with a
net loss of $2.5 million on $5.6 million of net interest income
for the same period a year ago.

The Company's balance sheet as of June 30, 2010, showed
$499.5 million in total assets, $488.7 million in total
liabilities, and stockholders' equity of $10.8 million.

Effective May 11, 2010, in connection with Butte Community Bank's
regularly scheduled 2010 Joint FDIC and California Department of
Financial Institutions examination, the Bank entered into a
Consent Order with the FDIC and the DFI.

The Company and the Bank did not meet either the minimum
regulatory capital requirements or the leverage ratio requirement
of 10% outlined in the Consent Order signed May 11, 2010, which
superseded the Memorandum of Understanding.  As such, the Company
is considered undercapitalized and the Bank has been categorized
as significantly undercapitalized under the Prompt Corrective
Action Directive received on May 3, 2010.

"The uncertainty regarding the Company's ability to obtain
additional capital, improve asset quality and meet future
liquidity requirements raises substantial doubt about the
Company's ability to continue as a going concern."

A full-text copy of the Quarterly Report is available for free at:

     http://researcharchives.com/t/s?6840

                  About Community Valley Bancorp

Chico, Calif.-based Community Valley Bancorp (OTC BB: CVLL.OB)
-- http://www.communityvalleybancorp.com/-- owns 100% of the
issued and outstanding common shares of Butte Community Bank.  The
Bank was incorporated and commenced business in Paradise and
Oroville, California in 1990.  The Bank operates fourteen full
service offices within its service areas of Butte, Sutter, Yuba,
Tehama, Shasta, and Colusa Counties.  Butte Community Bank's
primary business is serving the commercial banking needs of small
to mid-sized businesses and consumers within those counties.


COMSTOCK MINING: Posts $3.9 Million Net Loss in Q2 2010
-------------------------------------------------------
Comstock Mining Inc. filed its quarterly report on Form 10-Q,
reporting a net loss of $3.9 million for the three months ended
June 30, 2010, compared with a net loss of $2.4 million for the
same period of 2009.  The Company did not produce or sell any gold
or silver at its Comstock project in Nevada during the three
months ended June 30, 2010, and June 30, 2009.

The Company's balance sheet as of June 30, 2010, showed
$6.0 million in total assets, $38.7 million in total liabilities,
and stockholders' deficit of $32.7 million.

The Company has year-end losses from operations and had no
revenues from operations during the six months ended June 30,
2010.  During the six months ended June 30, 2010, the Company
incurred a net loss of $6.6 million.  Further, the Company has
inadequate working capital to maintain or develop its operations,
and is dependent upon funds from its lenders and the support of
certain stakeholders.  "These factors raise substantial doubt
about the Company's ability to continue as a going concern," the
Company said in its Form 10-Q.

A full-text copy of the Quarterly Report is available for free at:

     http://researcharchives.com/t/s?6845

                      About Comstock Mining

Virginia City, Nev.-based Comstock Mining Inc. f/k/a Goldspring,
Inc. (OTC BB: LODE) is a North American precious metals mining
company, focused in Nevada, with extensive, contiguous property in
the Comstock Lode District.  The Company began acquiring
properties in the Comstock in 2003.  Since then, the Company has
consolidated a significant portion of the Comstock Lode District,
amassed the single largest known repository of historical and
current geological data on the Comstock Lode region, secured
permits, built an infrastructure and brought the exploration
project into test mining production.

On July 21, 2010, the Company changed its name from "GoldSpring,
Inc." to "Comstock Mining Inc.," by way of a merger with a wholly
owned subsidiary of Comstock Mining Inc. that was formed solely
for the purpose of changing the Company's name.

As reported in the Troubled Company Reporter on April 15, 2010,
Jewett, Schwartz, Wolfe & Associates expressed substantial doubt
about Goldspring, Inc.'s ability to continue as a going concern
after auditing the Company's financial statements for the year
ended December 31, 2009.  The independent auditors noted that the
Company has operating and liquidity concerns and has incurred
historical net losses approximating $55.0 million as of December
31, 2009.  The Company also used cash in operating activities of
$3.6 million in 2009.


COSINE COMMS: Posts $315,000 Net Loss for June 30 Quarter
---------------------------------------------------------
Cosine Communications Inc. filed its quarterly report on Form
10-Q, reporting a net loss of $315,000 on no revenues for the
three months ended June 30, 2010, compared with a net loss of
$151,000 on no revenues for the same period a year ago.

The Company's balance sheet at June 30, 2010, showed
$22.12 million in total assets, $269,000 in total liabilities, and
$21.85 million total stockholders' equity.

At June 30, 2010, the Company has an accumulated deficit of
$517.2 million.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?6842

                    About Cosine Communications

Los Gatos, California-based CoSine Communications, Inc. (Pink
Sheets:COSN.pk) was founded in 1998 as a global telecommunications
equipment supplier.  As of December 31, 2006, CoSine had ceased
all its product and customer service related operations.  CoSine's
strategic plan is to redeploy its existing resources to identify
and acquire, or invest in, one or more operating businesses with
the potential for generating taxable income or capital gains.
This strategy may allow CoSine to realize future cash flow
benefits from its net operating loss carry-forwards.  No
candidates have been identified, and no assurance can be given
that CoSine will find suitable candidates, and if it does, that it
will be able to utilize its existing NOLs.

Burr Pilger Mayer Inc. of San Jose, California, which audited the
Company's annual report for 2009, said that that the CoSine
Communications Inc.'s actions in September 2004 in connection with
its ongoing evaluation of strategic alternatives to terminate most
of its employees and discontinue production activities in an
effort to conserve cash, raise substantial doubt about its ability
to continue as a going concern.


COTT BEVERAGES: Moody's Assigns 'B3' Rating on $375 Mil. Notes
--------------------------------------------------------------
Moody's Investors Service has assigned a B3 rating to the proposed
$375 million senior unsecured notes due 2018 of Cott Beverages
Inc.  Proceeds from the issuance of the notes are expected to be
used to partially fund Cott Corporation's acquisition of Cliffstar
Corporation.  These ratings have been assigned subject to Moody's
review of final documentation following completion of the notes
offering.  All ratings, including the B2 corporate family rating,
have been affirmed.  The rating outlook is stable.

Moody's expects that the notes will be issued on a senior
unsecured basis and will be unconditionally guaranteed by Cott,
all existing and future domestic subsidiaries and Cott's
subsidiaries in the United Kingdom on a senior unsecured basis.
The notes are expected to rank pari-passu with the existing
$215 million senior unsecured notes due 2017.

The acquisition of Cliffsar is expected to be comprised of
$500 million of upfront cash consideration, $14 million of
deferred compensation and potentially $55 million of earnout
provisions.  Moody's expects Cott to finance the initial cash
component of the acquisition with a combination of equity
($65 million), issuance of the senior unsecured notes
($375 million) and borrowings under its ABL facility
($85 million).  As part of the capital market transactions being
contemplated, Moody's anticipates that Cott will seek an amendment
to its ABL facility to increase its size up to $300 million.  The
transaction is expected to close in the third quarter of 2010.

This rating was assigned:

Cott Beverages, Inc.:

* B3 (LGD4, 68%) on the proposed $375 million senior unsecured
  notes due 2018.

These ratings were affirmed:

Cott Corporation

* Corporate family rating at B2; and
* Probability of default rating at B2.

Cott Beverages, Inc.

* $215 million senior unsecured notes due 2017 at B3 (LGD4, 68%
  (from LGD5, 77%)).

The last rating action on Cott was the affirmation of the B2
corporate family rating on July 13, 2010.

Cott Corporation, headquartered in Toronto, Ontario and Tampa,
Florida, is a leading manufacturer of private label beverages that
provide alternatives to national brands.  Revenues for the twelve
months ended July 2, 2010, were $1.6 billion.


CREDITWEST CORPORATION: Creditors Panel Presents Competing Plan
---------------------------------------------------------------
In a separate filing, the Official Committee of Unsecured
Creditors for CreditWest Corporation proposed its own Chapter plan
for the Debtor.  In the Committee's unanimous opinion, all
unsecured creditors must vote for the Plan, because if the Plan is
not confirmed the likely scenario is that the Debtor's business
will continue to diminish under current management and creditors
will get nothing.

The Committee is proposing a liquidating Plan of Reorganization.
The Plan is premised on the successful closing of a cash sale of
most the Debtor's financial assets to County Financial Services,
or other successful bidder pursuant to an auction procedure, which
the Committee hopes and expects will generate proceeds
considerably in excess of the initial $9,150,000 proposal of
County Financial Services.  Upon the closing of the sale, the
Debtor will terminate operations and be dissolved.

The Committee's Plan is further premised on the assumption that
most of the Dealer Reserve Claim liabilities will be incorporated
into this transaction.  From the proceeds of sale, the secured
claim of Texas Capital Bank will be satisfied.  The balance will
be placed under the control of a Liquidating Trustee -- a
professional fiduciary nominated by the Committee and appointed by
the Court.  The Liquidating Trustee will sell or abandon any
assets not sold to the successful bidder.  The Liquidating Trustee
and the Committee will pursue appropriate litigation claims.  In
the meantime, the balance of funds created by these efforts will
be distributed to creditors.

                           Debtor's Plan

CreditWest has already submitted with the a proposed Plan of
Reorganization and an explanatory Disclosure Statement.

The Debtor will begin soliciting votes on the Plan following
approval of the adequacy of the information in the Disclosure
Statement.

According to the Debtor's Disclosure Statement, the Debtor intends
to treat unsecured claims as:

   * Administrative Convenience Unsecured Claims (Class 5).  Their
     claims, plus post-effective date interest thereon at the
     Federal judgment rate in effect at confirmation, will be
     paid via 2 consecutive quarterly installments.

   * Trade Payable Unsecured Claims (Class 6).  They will receive
     unsecured promissory notes from the Reorganized Debtor
     amortizing their claims with interest at the Federal judgment
     rate over 5 years, with 60 consecutive equal monthly
     installment payments.

   * Dealer Unsecured Claims (Class 7).  Their claims will be
     liquidated, pursuant to the provisions in their agreements
     with the Debtor, by awaiting performance by vehicle buyers on
     the contracts the Class 7 Creditors sold to the Debtor.

   * Non-Insider and Insider Investor Unsecured Claims (Classes 8
     and 9).  The payoff of the claims of the Classes 8 and 9
     Creditors, including postpetition interest at the rate of 6%
     per annum until the effective date, will be calculated.
     These payoff amounts will become the new principal amounts
     owing to the Class 8 and 9 creditors.

A full-text copy of the Disclosure Statement explaining the
Debtor's Plan is available for free at:

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

A full-text copy of the Disclosure Statement explaining the
Committee's Plan is available for free at:

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

The Debtor is represented by:

     Steven M. Olson, Esq.
     LAW OFFICE OF STEVEN M. OLSON
     100 E Street, Suite 214
     Santa Rosa, CA 95404
     Tel: (707) 575-1800
     Fax: (707) 575-1867
     E-mail: smo@smolsonlaw.com

The Committee is represented by:

     John H. MacConaghy, Esq.
     Jean Barnier, Esq.
     Monique Jewett-Brewster, Esq.
     MACCONAGHY & BARNIER, PLC
     645 First St. West, Suite D
     Sonoma, CA 95476
     Tel: (707) 935-3205
     Fax: (707) 935-7051
     E-mail: jbarnier@macbarlaw.com

                    About CreditWest Corporation

Rohnert Park, California-based CreditWest Corporation's core
business, since formation, has been to purchase contracts by which
individuals have purchased used vehicles on credit.  Its portfolio
of contracts are sub-prime contracts.  The Company filed for
Chapter 11 bankruptcy protection on April 4, 2010 (Bankr. N.D.
Calif. Case No. 10-11212).  In its schedules, the Company listed
$14,752,863 in total assets and $15,418,251 in total liabilities.


D. BRADLEY LANDIS: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: D. Bradley Landis
          dba James Company Northwest Inc.
        26408 NE 70th St.
        Redmond, WA 98053

Bankruptcy Case No.: 10-19175

Chapter 11 Petition Date: August 5, 2010

Court: United States Bankruptcy Court
       Western District of Washington (Seattle)

Judge: Karen A. Overstreet

Debtor's Counsel: Lawrence K. Engel, Esq.
                  40 Lake Bellevue, Suite 100
                  P.O. Box 580
                  Bellevue, WA 98009
                  Tel: (425) 688-2999
                       (425) 454-5500
                  E-mail: engelpleadings@hotmail.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor did not file a list of its largest unsecured creditors
together with its petition.


DANIEL PETERSON: Case Summary & 15 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Daniel C. Peterson
        4916 PT Fosdick Drive NW #68
        Gig Harbor, WA 98335

Bankruptcy Case No.: 10-19218

Chapter 11 Petition Date: August 5, 2010

Court: United States Bankruptcy Court
       Western District of Washington (Seattle)

Judge: Samuel J. Steiner

Debtor's Counsel: Jeffrey B. Wells, Esq.
                  JEFFREY B. WELLS
                  500 Union St., Suite 502
                  Seattle, WA 98101
                  Tel: (206) 624-0088
                  E-mail: eajbwellaw@aol.com

Scheduled Assets: $1,351,175

Scheduled Debts: $3,288,776

A list of the Debtor's 15 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/wawb10-19218.pdf


DEAN PICKARD: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Dean Pickard
        301 N. Ford Avenue
        Fullerton, CA 92832

Bankruptcy Case No.: 10-20943

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Erithe A. Smith

Debtor's Counsel: Michael R. Totaro, Esq.
                  TOTARO & SHANAHAN
                  P.O. Box 789
                  Pacific Palisades, CA 90272
                  Tel: (310) 573-0276
                  Fax: (310) 496-1260
                  E-mail: mtotaro@aol.com

Scheduled Assets: $5,251,645

Scheduled Debts: $16,441,042

A list of the Debtor's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-20943.pdf


DIGITALGLOBE INC: S&P Puts 'B+' Rating on CreditWatch Positive
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it placed its ratings
on Longmont, Colo.-based commercial satellite operator
DigitalGlobe Inc., including the 'B+' corporate credit rating, on
CreditWatch with positive implications.

"This action follows the announcement that the National
Geospatial-Intelligence Agency (NGA) has given a $3.5 million
award under the EnhancedView Program to DigitalGlobe," said
Standard & Poor's credit analyst Naveen Sarma.  The contract is
for ten years if all options are exercised.  S&P has stated that
such an award could likely lead to a ratings upgrade.  In
completing S&P's review, S&P will assess the terms and conditions
of the contract and the impact on the company's growth prospects
and credit metrics.

A high degree of business risk constrains S&P's ratings on
DigitalGlobe Inc., reflecting significant revenue concentration
from a U.S. government contract and disproportionate reliance on
two satellites, the WorldView-1 and WorldView-2 satellites.  S&P's
rating recognizes that government contracts are not guaranteed
until Congress appropriates the funds and that, although unlikely,
government agencies may terminate or suspend their contracts at
any time, with or without cause.  Modest leverage, the company's
position as one of only two providers of high-resolution
commercial satellite imagery services, and rising demand for such
services -- reflected by the company's $436 million total backlog
as of June 30, 2010 -- all temper those risks somewhat.


DON'S SEPTIC: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Don's Septic Service, Inc.
          dba Austin Septic Systems
        P.O. Box 827
        Lutz, FL 33548

Bankruptcy Case No.: 10-18883

Chapter 11 Petition Date: August 5, 2010

Court: U.S. Bankruptcy Court
       Middle District of Florida (Tampa)

Judge: Michael G. Williamson

Debtor's Counsel: Buddy D. Ford, Esq.
                  115 N. MacDill Avenue
                  Tampa, FL 33609-1521
                  Tel: (813) 877-4669
                  Fax: (813) 877-5543
                  E-mail: Buddy@tampaesq.com

Scheduled Assets: $503,964

Scheduled Debts: $1,531,580

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flmb10-18883.pdf

The petition was signed by Ann Marie Prettyman, secretary.


DONALD EMERY: Case Summary & 7 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Donald K. Emery
        59 Putnam Avenue
        Cotuit, MA 02635

Bankruptcy Case No.: 10-18511

Chapter 11 Petition Date: August 5, 2010

Court: United States Bankruptcy Court
       District of Massachusetts (Boston)

Judge: William C. Hillman

Debtor's Counsel: Stephen E. Shamban, Esq.
                  STEPHEN E. SHAMBAN LAW OFFICES, P.C.
                  222 Forbes Road, Suite 208
                  P.O. Box 850973
                  Braintree, MA 02185-0973
                  Tel: (781) 849-1136
                  E-mail: sshamban@yahoo.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Debtor's seven largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/mab10-18511.pdf


DORAL CENTER: Case Summary & 12 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Doral Center, LLC
        10400 N.W. 33rd Street
        Miami, FL 33172

Bankruptcy Case No.: 10-32980

Chapter 11 Petition Date: August 5, 2010

Court: U.S. Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Robert A Mark

Debtor's Counsel: Ross R. Hartog, Esq.
                  9130 S. Dadeland Boulevard, #1225
                  Miami, FL 33156
                  Tel: (305) 670-5000
                  Fax: (305) 670-5011
                  E-mail: rhartog@mdrtlaw.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 12 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flsb10-32980.pdf

The petition was signed by Alan E. Krinzman, manager of Hectare,
LLC, manager.


EF JOHNSON: Report $283,000 Net Income in Q2 Ended June 30
----------------------------------------------------------
EF Johnson Technologies, Inc., filed its quarterly report on Form
10-Q, reporting net income of $283,000 for the three months ended
June 30, 2010, compared with net income of $875,000 for the same
period of 2009.  Revenues decreased $4.2 million, or 14%, to
$25.7 million for the three months ended June 30, 2010, from
$29.9 million for the same period in 2009.  The decline was
attributable to lower Land Mobile Radio revenues associated with
re-banding projects partially offset by increases associated with
State LMR infrastructure revenues.

Revenues increased $3.0 million, or 6%, to $55.0 million for the
six months ended June 30, 2010, from $52.0 for the same period in
2009.  Net income was $473,000 for the six months ended June 30,
2010, as compared to net loss of $731,000 for the same period in
2009.   The improved operating performance relates to the 6%
increase in revenues and lower operating expenses relating to
reductions in research and development and sales and marketing
expenses during 2010.

The Company's balance sheet as of June 30, 2010, showed
$76.2 million in total assets, $28.5 million in total liabilities,
and stockholders' equity of $47.7 million.

The Company's financial statements have been prepared assuming
that the Company will continue as a going concern.  The Company
has incurred net losses of $12.2 million, $20.9 million, and
$41.1 million for the years ended December 31, 2009, 2008, and
2007, respectively.  The Company generated net cash and cash
equivalents of $4.8 million (net of restricted cash) in 2009, but
used net cash and cash equivalents of $3.7 million in the first
half of 2010.  Additionally, the Company used net cash and cash
equivalents of $4.4 million and $7.2 million in fiscal years 2008
and 2007, respectively.

The Company was not in compliance with certain of the financial
covenants of its Revolving Line of Credit Loan Agreement, Term
Loan Agreement and Security Agreement, as amended with Bank of
America, N.A. for the quarter ending December 31, 2009.  The
Company executed an amendment to the Loan Agreement effective
March 1, 2010, which waived these covenant violations on a one-
time basis, but the amendment also included additional
restrictions and further limited the Company's access to
liquidity.

As of March 31, 2010, the Company had $15.0 million due on
June 30, 2010, under the term loan portion of the Loan Agreement.
On May 15, 2010, the Company entered into an Agreement and Plan of
Merger with FP-EF Holding Corporation which was subsequently
amended on June 19, 2010.  Pursuant to the merger, a wholly-owned
subsidiary of FP-EF Holding will merge with and into the Company,
with the Company continuing as the surviving corporation and as a
wholly-owned subsidiary of FP-EF Holding.

On May 15, 2010, the Company entered into a Seventh Amendment to
the Loan Agreement that extended the maturity of the Loan
Agreement until August 31, 2010, in order to allow the Company to
consummate the merger.  The bank also waived compliance with
certain financial covenants contained in the Loan Agreement for
the Company's fiscal quarter ending June 30, 2010, on a one-time
basis.  In consideration of the bank's agreement, the Company
agreed to pay down the outstanding principal balance of the term
loan portion of the Loan Agreement from $15.0 million to
$5.0 million on June 17, 2010.

On June 17, 2010, the Company paid down the outstanding principal
balance of the term loan portion of the Loan Agreement from
$15.0 million to $5.0 million as required by the Seventh
Amendment.

A full-text copy of the Quarterly Report is available for free at:

               http://researcharchives.com/t/s?6841

                  About EF Johnson Technologies

Irving, Tex.-based EF Johnson Technologies, Inc. (NASDAQ: EFJI)
-- http://www.EFJohnsonTechnologies.com/-- designs, develops,
markets and supports wireless radios and wireless communications
infrastructure and systems for digital and analog platforms.  The
Company's customers include first responders in public safety and
public service, the federal government, and industrial
organizations.

As reported in the Troubled Company Reporter on April 6, 2010,
Grant Thornton LLP, in Dallas, expressed substantial doubt about
the Company's ability to continue as a going concern.  The
independent auditors noted that the Company has incurred
substantial net losses in each of the last three years and has a
$15.0 million term loan due on June 30, 2010.


EMAK WORLDWIDE, INC: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: EMAK Worldwide, Inc., a Delaware corporation
          fka Equity Marketing, Inc.
        6330 San Vicente Boulevard
        Los Angeles, CA 90048

Bankruptcy Case No.: 10-42779

Chapter 11 Petition Date: August 5, 2010

Court: U.S. Bankruptcy Court
       Central District of California (Los Angeles)

Debtor's Counsel: Jeffrey M. Reisner, Esq.
                  IRELL & MANELLA LLP
                  840 Newport Center Drive, Suite 400
                  Newport Beach, CA 92660
                  Tel: (949) 760-0991
                  Fax: (949) 760-5200
                  E-mail: jreisner@irell.com

Estimated Assets: $10,000,001 to $50,000,000

Estimated Debts: $10,000,001 to $50,000,000

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
EMAK Worldwide Service Corp.,         10-42784            08/05/10
A Delaware Corporation
   Assets: $10,000,001 to $50,000,000
   Debts: $10,000,001 to $50,000,000

The petitions were signed by Teresa L. Tormey, secretary.

Debtors' List of 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Bouchard Margules & Friedlander    Judgment             $2,500,000
222 Delaware Avenue, Suite 1400
Wilmington, DE 19801

Ropes $ Gray LLP                   Legal Fees             $411,028
One International Place
Boston, MA 02110-2624

Ashby & Geddes                     Legal Fees             $404,173
500 Delaware Avenue
Wilmington, DE 19899

Gibson, Dunn & Crutcher LLP        Legal Fees             $368,333
1801 CA Street, Suite 4200
Denver, CO 80202-2694

Sanders, Michael                   Compensation           $251,160
1281 Keats Street
Manhattan Beach, CA 90266

Johnson, Duane                     Compensation           $227,849

Morris Nichols Arsht & Tunnell     Legal Fees             $207,331

Dar, Roy                           Compensation           $206,083

City of Los Angeles                Taxes                  $102,873

Latham & Watkins                   Legal Fees              $97,903

Monacos, Christie                  Compensation            $80,120

Carillo Foster LLC                 Rent                    $75,000

Klein, Mui                         Compensation            $69,340

JH Cohn LLP                        Audit Fees              $67,505

Roberts, Martha                    Compensation            $57,868

Francisco, Ellen                   Compensation            $53,650

Steven J. Vallen                   Tax Consulting          $53,000

Jose Figueroa                      Compensation            $48,510

Patrick Hanrahan                   Compensation            $28,037

Connolly Bove Lodge                Legal Fees              $22,525


ENDEAVOUR HIGHRISE: Condo Purchasers' Deposits Are Estate Property
------------------------------------------------------------------
WestLaw reports that a Chapter 11 trustee, as a custodian of the
debtor's books and records for the past nine months, who was not
merely a passive trustee for a non-operational entity, but who had
actively operated the debtor's high-rise condominium complex
during that time, was qualified to testify regarding these books
and records and to establish a foundation for the admission
thereof into evidence.  A bankruptcy judge in Texas noted that, by
stepping into a debtor's shoes and becoming custodian of the
debtor's books and records, the trustee is deemed to have personal
knowledge of those documents, for evidentiary purposes.  In re
Endeavour Highrise, L.P., --- B.R. ----, 2010 WL 2793817 (Bankr.
S.D. Tex.) (Bohm, J.).

This evidentiary ruling flowed from a dispute about whether $1
million of condominium purchaser deposits held by two title
companies were property of the Debtor's estate.  The Honorable
Jeff Bohm ruled that they are.  "The facts in this case
demonstrate the continuing vitality of the adage that 'if it
sounds too good to be true, it really is,'" Judge Bohm says.
"Here, several individuals paid over $1 million in the aggregate
as non-refundable deposits for certain real estate without reading
the contracts or inspecting the condominium units they were
purchasing. Their actions were motivated at least in part by the
belief-however unrealistic-that they could earn a significant
return on their investment within a matter of weeks. With
unrealized expectations, they now seek a judgment from this Court
returning the rashly spent monies to their possession. This, the
Court will not do."

Classified as a single-asset, real estate debtor, Endeavour
Highrise, L.P., sought Chapter 11 protection (Bnakr. S.D.
Tex. Case No. 09-33151) on May 4, 2009.  Matthew Hoffman, Esq.,
at the Law Offices of Matthew Hoffman, p.c., represents the
Debtor.  Wonmore Ltd. has invested more than $10 million in
the Debtor post-petition in a variety of transactions.  On the
petition date, the Debtor had total assets of approximately
$9.5 million and total liabilities of $31.0 million.  It's
primary asset consisted of its interest in a condominium
highrise project in Seabrook, Tex.  On June 12, 2009, the
Bankruptcy Court appointed David R. Jones as trustee of the
Debtor's Chapter 11 estate.  Susan J. Taylor, Esq., at
Taylor Law Group in Houston, Tex., represents the Chapter
11 Trustee.


EPICEPT CORPORATION: Posts $4.9 Million Net Loss for June 30 Qtr
----------------------------------------------------------------
EpiCept Corporation reported operating and financial results for
the three and six months ended June 30, 2010, and provided an
update with respect to the Company's key business initiatives.

"The filing of the New Drug Application for Ceplene with the U.S.
Food and Drug Administration was the highlight of our second
quarter," commented Jack Talley, President and Chief Executive
Officer of EpiCept.  "Also during the quarter our commercial
partner Meda moved very quickly to launch Ceplene in the United
Kingdom and Germany, and filed applications for reimbursement in
France, Italy and Spain.  It will take time for Ceplene's adoption
to become widespread throughout Europe, but we believe Meda is
implementing a marketing strategy that ultimately will maximize
Ceplene's impact in Europe in the treatment of AML patients in
first remission and provide meaningful financial returns to both
Meda and EpiCept," he added.

                 Financial and Operating Highlights

For the second quarter of 2010, the net loss attributable to
common stockholders was $4.9 million, or $0.11 per share,
compared with a net loss attributable to common stockholders of
$7.1 million, or $0.18 per share, for the second quarter of 2009.
For the six months ended June 30, 2010, the net loss attributable
to common stockholders was $9.4 million, or $0.21 per share,
compared with a net loss attributable to common stockholders of
$29.6 million, or $0.81 per share, for the six months ended
June 30, 2009.

For the six months ended June 30, 2009, other expense, net
amounted to $20.0 million consisting primarily of interest expense
incurred as a result of the conversion of $24.5 million of the
Company's 7.5556% convertible subordinated notes due 2014 into
approximately 9.1 million shares of its common stock.  As of
June 30, 2010, EpiCept had cash and cash equivalents of
$8.3 million and 50.4 million shares outstanding.

The company's balance sheet for June 30, 2010, showed
$11.42 million in total assets, $21.64 million in total
liabilities, and $10.21 million total stockholders' deficit.

Second Quarter and Six Months 2010 vs. Second Quarter and Six
Months 2009

                               Revenue

The Company recognized revenue of $0.3 million during the second
quarter of 2010, compared with $0.1 million during the second
quarter of 2009.  The Company recognized revenue of $0.4 million
during the six months ended June 30, 2010, compared with
$0.2 million during the six months ended June 30, 2009.  For the
second quarter of 2010, revenue consisted primarily of the
recognition of license fee payments previously received from Meda,
Myrexis, Endo Pharmaceuticals and Durect, revenues from the sales
of Ceplene to Meda and product royalties.  For the second quarter
of 2009, revenue consisted primarily of the recognition of license
fee payments previously received from Myrexis, Endo
Pharmaceuticals and Durect.

             Selling, General and Administrative Expense

Selling, general and administrative expense in each of the second
quarters of 2010 and 2009 was $1.7 million. Selling, general and
administrative expense in both of the six months ended June 30,
2010 and 2009 was $3.8 million.  Selling expense is expected to
increase during the year and to offset reductions in general and
administrative expenses as the Company prepares to market Ceplene
in the U.S. upon receipt of marketing approval.

               Research and Development (R&D) Expense

R&D expense in the second quarter of 2010 decreased by
approximately 32%, or $1.2 million, to $2.6 million compared with
$3.8 million in the second quarter of 2009.  R&D expense for the
six months ended June 30, 2010 decreased by approximately 12%, or
$1.4 million, to $4.6 million compared with $6.0 million for the
six months ended June 30, 2009.  The decrease in R&D expense was
primarily related to lower salary and salary-related expenses and
facility costs related to closing our research facility in San
Diego in 2009, partially offset by higher regulatory fees and
clinical trial expenses for Ceplene.  A substantial portion of the
Company's R&D expense in 2010 related to regulatory costs
associated with our NDA filing of Ceplene and follow-up with
respect to our NDS in Canada.

                      Other Income (Expense)

Other income (expense) during the second quarter of 2010 amounted
to net expense of $0.8 million, compared with net expense of
$1.6 million in the second quarter of 2009.  Other income
(expense) for the six months ended June 30, 2010 amounted to net
expense of $1.4 million, compared with net expense of
$20.0 million for the six months ended June 30, 2009.  The primary
component of other income (expense) in both quarters is interest
expense and foreign exchange loss.  The first six months of 2009
included $19.8 million of interest expense, which included
$10.5 million in amortization of debt issuance costs and debt
discount related to the conversion of $24.5 million of the
Company's 7.5556% convertible subordinated notes due 2014 into
approximately 9.1 million shares of its common stock.  Other
expense, net for the six months ended June 30, 2010 was impacted
by a $1.2 million foreign exchange loss incurred as a result of
the increased strength of the U.S. dollar compared with the euro.

                            Liquidity

As of June 30, 2010, EpiCept had $8.3 million in cash and cash
equivalents. In May 2010 the Company received a $2 million payment
from Meda in connection with the first commercial sale of Ceplene
in a major European country.  In June 2010, the Company sold
approximately 6.1 million shares of common stock and warrants to
purchase approximately 11.0 million shares of common stock for
gross proceeds of $6.7 million, or $6.2 million net of
$0.5 million in transactions costs.  The company said, "We also
raised proceeds of $0.1 million from sales of our common stock
through our At-the-Market program through June 30, 2010.  The
Company believes that existing cash resources are sufficient to
fund operations into the fourth quarter of 2010.  We expect to
receive cash from certain licensing activities and upon
achievement of specified clinical milestones. We may seek
alternative sources of financing, such as issuing additional debt
or equity, should these funds be insufficient to timely meet the
Company's liquidity requirements."

In February 2010 EpiCept established an At-the-Market offering
program through which the Company may, from time to time, offer
and sell shares of its common stock having an aggregate offering
price of up to $15.0 million through its sales agent.  Sales of
the shares, if any, will be made by means of ordinary brokers'
transactions on The Nasdaq Capital Market or, to the extent
allowable by law, the Nasdaq OMX Stockholm Exchange, at market
prices.  The Company has agreed to suspend the use of its At-the-
Market program for a minimum of 90 days from the date of its June
2010 common stock offering.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?685f

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?6849

                          About EpiCept

Tarrytown, N.Y.-based EpiCept Corporation is a specialty
pharmaceutical company focused on the clinical development and
commercialization of pharmaceutical products for the treatment of
cancer and pain.  The Company's lead product is Ceplene(R), which
when used concomitantly with low-dose interleukin-2 is intended as
remission maintenance therapy in the treatment of acute myeloid
leukemia, or AML, for adult patients who are in their first
complete remission.

The Company's balance sheet as of June 30, 2010, showed
$11.4 million in total assets, $21.6 million in total liabilities,
and stockholders' deficit of $10.2 million.

As reported in the Troubled Company Reporter on March 18, 2010,
Deloitte & Touche LLP in Parsippany, New Jersey, expressed
substantial doubt against EpiCept Corporation's ability as a going
concern after auditing the Company's financial statements for the
year ended December 31, 2009.  The independent auditors noted that
the Company has recurring losses from operations and a
stockholders' deficit of $9.1 million at  December 31, 2009.


FGIC CORP: Organizational Meeting to Form Panel on Aug. 11
----------------------------------------------------------
Roberta A. DeAngelis, Acting United States Trustee for Region 3,
will hold an organizational meeting on August 11, 2010, at
10:00 a.m. in the bankruptcy case of FGIC Corporation.  The
meeting will be held at Office of the United States Trustee, 80
Broad Street, 4th Floor, New York, NY 10004, 212-510-0500.

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

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

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

                          About FGIC Corp

New York-based FGIC Corporation is a privately held insurance
holding company.  FGIC Corp's main business interest lies in the
holdings of the bond insurer Financial Guaranty Insurance Company
-- http://www.fgic.com/-- and it depends on dividend payments by
FGIC for sustaining its operations.

FGIC Corp filed for Chapter 11 bankruptcy protection on August 3,
2010 (Bankr. S.D.N.Y. Case No. 10-14215).  Brian S. Lennon, Esq.,
at Kirkland & Ellis LLP, assists the Debtor in its restructuring
effort.  Garden City Group, Inc., is the Debtor's claims and
notice agent.

The Debtor estimated its assets at $10 million to $50 million and
debts at $100 million to $500 million.


FORD MOTOR: Balance Sheet Upside Down by $3.54 Billion
------------------------------------------------------
Ford Motor Company filed its quarterly report on Form 10-Q with
the Securities and Exchange Commission.

The Company's balance sheet at June 30, 2010, showed
$179.75 billion in total assets, $183.29 billion in total
liabilities, and $3.54 billion in total stockholders' deficit.

According to the Troubled Company Reporter on July 28, 2010, the
Company said in an earnings release that it had net income of
$2.6 billion, or 61 cents per share for three months ended June
30, 2010, a $338 million improvement from second quarter 2009, as
each of its major business operations around the world recorded
improved profits.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?684f

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?671b

                         About Ford Motor

Headquartered in Dearborn, Michigan, Ford Motor Co. (NYSE: F) --
http://www.ford.com/-- manufactures or distributes automobiles
across six continents.  With about 200,000 employees and about 90
plants worldwide, the company's automotive brands include Ford,
Lincoln, Mercury and Volvo.  The Company provides financial
services through Ford Motor Credit Company.

                           *     *     *

In August 2010, Standard & Poor's Ratings Services raised its
corporate credit rating on Ford Motor Co. and FordMotor Credit Co.
LLC to 'B+' from 'B-'.   "The upgrade reflects S&P's reassessment
of Ford's business risk profile to weak from vulnerable, and its
financial risk profile to aggressive from highly leveraged," said
Standard & Poor's credit analyst Robert Schulz.  S&P believes Ford
is making progress in stabilizing, and perhaps improving, its U.S.
market shares  Still, S&P believes underlying business risks
remain high.

Ford Motor and its unit, Ford Motor Credit, carry 'BB-' issuer
default ratings from Fitch Ratings.  In August 2010, when Fitch
raised the rating from 'B', it said, Ford's ratings reflect its
continued strong financial performance and the substantial debt
reduction accomplished in the second quarter."

Ford Motor has a 'B1' corporate family rating from Moody's.


FORD MOTOR: S&P Raises Ratings on Eight Transactions to 'B'
-----------------------------------------------------------
Standard & Poor's Ratings Services raised its ratings on eight
Ford Motor Co.-related transactions to 'B' from 'CCC'.

The eight transactions are pass-through structures.  The ratings
on these transactions are dependent on the ratings on one of these
underlying securities: Ford Motor Co.'s 7.45% notes due July 16,
2031 ('B'); Ford Motor Co.'s 7.7% debentures due May 15, 2097
('B'); and Ford Motor Co.'s 7.4% debentures due Nov. 1, 2046
('B').

The rating actions follow S&P's Aug. 2, 2010, raising of its
ratings on the three underlying securities to 'B' from 'CCC'.  S&P
may take subsequent rating actions on these transactions due to
changes in its ratings assigned to the underlying securities.

                          Ratings Raised

Corporate Backed Trust Certificates Ford Motor Co Debenture-Backed
                       Series 2001-36 Trust
  US$58.501 million pass-through series 2001-36 due May 15, 2097
                       (underlying security:
        Ford Motor Co.'s 7.7% debentures due May 15, 2097)

                                     Rating
                                     ------
           Class              To                  From
           -----              --                  ----
           A1                 B                   CCC

                  CorTS Trust For Ford Debentures
        US$300 million 7.4% pass-through due Nov. 1, 2046
    (underlying security: Ford Motor Co.'s 7.4% debentures due
                           Nov. 1, 2046)

                                     Rating
                                     ------
           Class              To                  From
           -----              --                  ----
           Certs              B                   CCC

                  CorTS Trust II for Ford Notes
US$219.584 million 8% pass-through series 2003-3 due July 16, 2031
      (underlying security: Ford Motor Co.'s 7.45% notes due
                          July 16, 2031)

                                     Rating
                                     ------
           Class              To                  From
           -----              --                  ----
           Certs              B                   CCC

                     PPLUS Trust Series FMC-1
  US$40 million 8.25% pass-through series FMC-1 due July 16, 2031
      (underlying security: Ford Motor Co.'s 7.45% notes due
                          July 16, 2031)

                                     Rating
                                     ------
           Class              To                  From
           -----              --                  ----
           Certs              B                   CCC

                 PreferredPlus Trust Series FRD-1
           US$50 million trust certificates series FRD-1
    (underlying security: Ford Motor Co.'s 7.4% debentures due
                           Nov. 1, 2046)

                                     Rating
                                     ------
           Class              To                  From
           -----              --                  ----
           Certs              B                   CCC

               Public STEERS Series 1998 F-Z4 Trust
US$231.903 million pass-through series 1998 F-Z4 due Nov. 15, 2018
    (underlying security: Ford Motor Co.'s 7.7% debentures due
                           May 15, 2097)

                                     Rating
                                     ------
           Class              To                  From
           -----              --                  ----
           A                  B                   CCC
           B                  B                   CCC

                     SATURNS Trust No.  2003-5
US$75.027 million 8.125% pass-through series 2003-5 due July 16,
    2031 (underlying security: Ford Motor Co.'s 7.45% notes due
                          July 16, 2031)

                                     Rating
                                     ------
           Class              To                  From
           -----              --                  ----
           Units              B                   CCC

          Trust Certificates (TRUCs) Series 2002-1 Trust
  US$32 million 7.7% pass-through series 2002-1 due May 15, 2097
    (underlying security: Ford Motor Co.'s 7.7% debentures due
                          May 15, 2097)

                                     Rating
                                     ------
           Class              To                  From
           -----              --                  ----
           A-1                B                   CCC



FUEL WORKX: Case Summary & 4 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Fuel Worx, Incorporated
        100 Sandstone Drive
        Walkersville, MD 21793

Bankruptcy Case No.: 10-27702

Chapter 11 Petition Date: August 4, 2010

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

Debtor's Counsel: Geri Lyons Chase, Esq.
                  LAW OFFICE OF GERI LYONS CHASE
                  2007 Tidewater Colony Drive, Suite 2A
                  Annapolis, MD 21401
                  Tel: (410) 573-9004
                  Fax: (410) 266-8269
                  E-mail: gerichase@verizon.net

Scheduled Assets: $2,106,000

Scheduled Debts: $1,734,000

A list of the Company's four largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/mdb10-27702.pdf

The petition was signed by Richard McFadden, president.


GENERAL GROWTH: Reports $117,526,000 Net Loss for Q2
----------------------------------------------------
General Growth Properties, Inc. (the Company or GGP) (NYSE: GGP)
reported its operating results for the three months ending
June 30, 2010.

Funds from operations was $93.6 million in the second quarter of
2010 compared to $58.2 million in the second quarter of 2009,
an increase of approximately $35.4 million.  Core FFO for the
second quarter of 2010 was $102.9 million, or $0.32 per fully
diluted share, compared to $124.6 million, or $0.39 per fully
diluted share, for the second quarter of 2009.  Earnings per share
were a loss of $0.37 in the second quarter of 2010 compared to a
loss of $0.51 in the second quarter of 2009.

"Our financial and operating performance during the second quarter
demonstrated continued progress in meeting our strategic
priorities," said Adam Metz, chief executive officer of GGP.
"GGP's earnings were characterized by increased leasing activity,
sales and traffic at properties compared to the same period last
year.  Our properties in the Northeast and Florida performed
particularly well.  Our leasing pipeline today is much stronger
than it was a year ago.  Our NOI for the quarter reflects in part
the leasing environment from last year, when GGP faced its
greatest challenges, but our leasing results have been
considerably stronger since then, and I expect our NOI to reflect
that improvement in future quarters."

"During the second quarter, we signed 2.8 million square feet of
in-line and outparcel tenant leasing deals.  We actively manage
our assets to attract the nation's leading retailers, including
Forever 21, which opened its largest store to date (126,000 square
feet) at Fashion Show Mall in Las Vegas, and Microsoft, which
opened a store in our Park Meadows Mall in Colorado and signed a
lease for a new store in Oakbrook Center.  In addition, Nordstrom
remains on track to open at Christiana Mall in Delaware and at the
St. Louis Galleria in 2011."

During the quarter, tenant sales at comparable properties
increased by 7.8%, which further builds on the 7.5% year-over-year
growth in the first quarter of 2010.  Mr. Metz continued, "Strong
tenant sales demonstrate the success of our property strategy.
Tenant sales lead to increased tenant demand, which results in
higher occupancy and rental rates.  Tenant sales at our properties
have increased over the comparable 2009 month every month so far
this year from their low point in December 2009.  To that end, we
remain focused on continuing to improve our properties' shopping
experience so that we create a long-term, sustainable franchise in
our markets.

"As we have been improving our leasing and operating performance,
we have been successfully managing our financial restructuring,"
concluded Mr. Metz.  "We are extremely pleased with our progress
in the restructuring to date, and we look forward to continuing to
work productively with all of our stakeholders to finish building
the strong capital structure that will sustain GGP in the future.
GGP will emerge from Chapter 11 with a strengthened financial
foundation to enable us to execute on our clear strategy to build
value for all stakeholders."

A schedule showing adjustments and non-comparable income and
expense items and their impact on 2010 and 2009 Net Operating
Income ("NOI") from our Retail and other segment is provided with
this release.  Concurrent with this release, the Company has also
made available on its website its quarterly package of
supplemental financial information, which provides additional
operational result detail.

                      Operational Highlights

GGP remains focused on three interrelated strategies to thrive in
the future:

    * Restructuring its balance sheet to create a solid
      foundation for future growth

    * Realigning the Company's property portfolio to focus on
      core strengths

    * Reengineering operations to be more efficient and
      effective

Among GGP's recent highlights with respect to these strategies
are:

    * On July 13, 2010, as amended August 2, 2010, GGP filed
      with the Bankruptcy Court its Amended Plan of
      Reorganization and Disclosure Statement ("the Plan"),
      continuing its progress toward expected emergence from
      bankruptcy in October 2010.  Under the Plan, which is
      subject to Bankruptcy Court approval, GGP will emerge with
      a significantly improved balance sheet and substantially
      less debt than when the Company filed for bankruptcy
      protection, providing it with a strong financial
      foundation to execute its growth strategy going forward.
      GGP will satisfy debt and other claims in full, provide a
      substantial recovery for stockholders and implement a
      recapitalization with a minimum of $7.0 billion of new
      equity capital.

    * GGP has successfully and consensually restructured all of
      approximately $15 billion of the project-level debt
      included in the bankruptcy, and has closed on all but
      $95 million of that debt.  These plans provide for the
      payment of all allowed creditor claims in full and the
      extension of the secured mortgage loans so that GGP has a
      range of maturities of such filed debt, with no restructured
      loan maturing before January 1, 2014.  Certain debt
      associated with non-filed joint venture properties matures
      prior to 2014.

    * The Company has named four new executives to assume the
      roles of chief financial officer and department heads for
      asset management, leasing and marketing/communications.
      Drawn from experienced talent from both within and outside
      the organization, the Company believes these individuals
      strengthen the management team and will help the Company
      effectively execute its growth strategy.

                        Segment Results

                   Retail and Other Segment

NOI in this segment decreased to $593.5 million for the second
quarter of 2010 from the $612.9 million reported for the second
quarter of 2009.  Excluding the items detailed in the attached
schedule of significant items that impact comparability,
NOI for the second quarter of 2010 declined 3.4% year-over-year.
Comparable NOI was primarily affected by reduced revenue and
occupancy as a result of continuing weak economic conditions,
which are triggering rental concessions, bankruptcy claim
settlements and other reductions in rents and collection.

Revenues from consolidated properties declined $20.8 million, or
approximately 2.8%, for the second quarter of 2010 to
$727.2 million, primarily due to declines in minimum rents and
tenant recoveries as a result of declines in specialty leasing
occupancy and sales volumes, the disruptive effect of the
bankruptcy processand the continued weak economic conditions.

Revenues from unconsolidated properties at the Company's ownership
share were $147.6 million for the second quarter of 2010, roughly
comparable to the $149.8 million in the second quarter of 2009.

Comparable tenant sales on a trailing 12 month basis increased
0.2% compared to the same period last year.  However, on a
quarterly basis, comparable tenant sales rose a healthy 7.8% year-
over-year, with first quarter momentum continuing into second
quarter.  June 2010 comparable sales increased 9.2% year-over-
year, with April and May showing increases of 7.2% and 6.8%,
respectively.

Retail leasing activity continued to increase during the second
quarter of 2010, with retailers now willing, in general, to commit
to longer lease terms than in the prior year.  Total in-line and
outparcel tenant leasing deals were signed covering 2.8 million
square feet, an increase of 23% over the same period of last year.
In addition to renewals, this total includes new deal square
footage of approximately 433 thousand square feet.  Given that
tenant sales continue to increase, GGP believes that it is well
positioned for future lease rate increases.

Retail Center occupancy increased to 91.1% at June 30, 2010, from
91.0% at June 30, 2009.

               Master Planned Communities Segment

GGP's premier master planned community segment includes The
Woodlands and Bridgeland, both in the Houston metropolitan area,
Summerlin in Las Vegas and Columbia and Emerson in Maryland.  This
segment also includes the Nouvelle at Natick condominium project.

During the quarter, GGP sold 27 units at its Nouvelle Natick
condominium project and entered into agreements to sell an
additional 15 units.  As cumulative unit sales (128 units) exceed
the threshold for revenue recognition under the percentage of
completion method of accounting, previously deferred revenues of
approximately $52.9 million were recognized in the second quarter
of 2010.

Land sale revenues for the second quarter of 2010 were
$7.1 million for consolidated master planned communities and
$13.3 million for unconsolidated communities, compared to
$22.4 million and $13.4 million, respectively, for the second
quarter of 2009.  Decreases in land sale revenues for the
consolidated master planned communities, particularly Columbia,
reflect continued weak overall demand for individual lots.  These
decreases were partially offset by sales of lots in the Houston
communities, which continued their first quarter 2010 improvements
compared to 2009.

NOI from the Master Planned Communities segment for the second
quarter of 2010 was $0.9 million for consolidated properties and
$4.6 million for the unconsolidated properties, continuing the
first quarter 2010 results where margins from lot sales did not
significantly exceed selling and community-specific general and
administrative costs, which are largely fixed.

                          *     *     *

GGP filed with the U.S. Securities and Exchange Commission on
August 9, 2010, a quarterly report on Form 10-Q for the quarter
ended June 30, 2010.  A full-text copy of the Form 10-Q is
available for free at http://ResearchArchives.com/t/s?6848

                  General Growth Properties, Inc.
                   Consolidated Balance Sheet
                      As of June 30, 2010

Assets:
Investment in real estate:
Land                                            $3,326,837,000
Buildings and equipment                         22,788,677,000
Less accumulated depreciation                   (4,733,556,000)
Developments in progress                           425,864,000
                                             ------------------
Net property and equipment                      21,807,822,000
Investment in and loans to/from
Unconsolidated Real Estate Affiliates            1,991,782,000
Investment property and property held for
development and sale                             1,913,655,000
                                             ------------------
  Net investment and real estate                 25,713,259,000
Cash and cash equivalents                           548,265,000
Accounts and notes receivable, net                  372,621,000
Goodwill                                            199,664,000
Deferred expenses, net                              264,985,000
Prepaid expenses and other assets                   738,589,000
                                             ------------------
   Total assets                                 $27,837,383,000
                                             ==================

Liabilities and equity:
Liabilities not subject to compromise
Mortgages, notes and loans payable             $16,809,002,000
Investment in and loans to/from
Unconsolidated Real Estate Affiliates               40,536,000
Deferred tax liabilities                           787,798,000
Accounts payable and accrued expenses            1,302,668,000
                                             ------------------
Liabilities not subject to compromise           18,940,004,000
Liabilities subject to compromise                 7,856,257,000
                                             ------------------
  Total liabilities                              26,796,261,000

Equity:
Common stock                                         3,188,000
Additional paid-in capital                       3,771,167,000
Retained earnings (accumulated deficit)         (2,898,498,000)
Accumulated other comprehensive loss                  (504,000)
Less common stock in treasury                      (76,752,000)
                                             ------------------
  Total stockholders' equity                        798,601,000
Noncontrolling interests in consolidated real
estate affiliates                                   23,914,000
                                             ------------------
Total equity                                       822,515,000
                                             ------------------
   Total liabilities and equity                 $27,837,383,000
                                             ==================

                   General Growth Properties, Inc.
                  Consolidated Statements of Income
                   Three Months Ended June 30, 2010

Revenues:
Minimum rents                                     $484,459,000
Tenant recoveries                                  215,587,000
Overage rents                                        7,447,000
Land and condominium sales                          59,965,000
Management and other fees                           15,902,000
Other                                               21,957,000
                                             ------------------
Total revenues                                     805,317,000
                                             ------------------
Expenses:
Real estate taxes                                   71,062,000
Property maintenance costs                          26,188,000
Marketing                                            6,250,000
Other property operating costs                     128,201,000
Land and condominium sales operations               59,065,000
Provision for doubtful accounts                      3,619,000
Property management and other costs                 48,517,000
General and administrative                           5,668,000
Strategic initiatives                                        -
Provisions for impairment                           19,923,000
Depreciation and amortization                      175,318,000
                                             ------------------
Total expenses                                     543,811,000
                                             ------------------
Operating income (loss)                             261,506,000

Interest income                                         137,000
Interest expense                                   (301,726,000)
                                             ------------------
Loss before income taxes, noncontrolling
interests and equity in income of Unconsolidated
Real Estate Affiliates                             (40,083,000)
Benefit from (provision for) income taxes           (14,234,000)
Equity in income of Unconsolidated Real Estate
Affiliates                                          16,901,000
Reorganization items                                (80,111,000)
                                             ------------------
Income (loss) from continuing operations           (117,527,000)
Discontinued operations - loss on dispositions                -
                                             ------------------
Net (loss) income                                  (117,527,000)
Allocation to noncontrolling interests                    1,000
                                             ------------------
Net (loss) income attributable to controlling
interests                                        ($117,526,000)
                                             ==================

                  General Growth Properties, Inc.
                Consolidated Statements of Cash Flows
                    Six Months Ended June 30, 2010

Cash flows from operating activities:
Net income (loss)                                 ($61,687,000)
Adjustments to reconcile net (loss) income to net
cash provided by operating activities:
Equity in income of Unconsolidated Real Estate
  Affiliates                                       (50,652,000)
Provision for doubtful accounts                     9,946,000
Distributions received from Unconsolidated
  Real Estate Affiliates                            18,319,000
Depreciation                                      330,183,000
Amortization                                       22,438,000
Amortization of deferred finance costs             16,352,000
Amortization of debt market rate adjustments       27,303,000
Amortization of intangibles other than in-place
  leases                                              (385,000)
Straight-line rent amortization                   (19,117,000)
Non-cash interest expense on Exchangeable Senior
  Notes                                             14,290,000
Non-cash interest expense resulting from
  termination of interest rate swaps                 9,040,000
Non-cash interest expense related to Special
  Consideration entities                           (36,124,000)
Provisions for impairment                          31,273,000
Participation expense pursuant to Contingent Stock
  Agreement                                                  -
Land/residential development and acquisitions
  expenditures                                     (32,443,000)
Cost of land sales                                 50,224,000
Revenue recognition of deferred land and
  condominium sales                                (36,443,000)
Reorganization items - finance costs related to
  emerged entities                                 133,997,000
Non-cash reorganization items                    (198,533,000)
(Increase) decrease in restricted cash            (46,341,000)
Glendale Matter deposit                                     -
Net changes:
  Accounts and notes receivable                     41,128,000
  Prepaid expenses and other assets                 41,437,000
  Deferred expenses                                (16,344,000)
  Accounts payable and accrued expenses and
   deferred tax liabilities                        117,932,000
  Other, net                                          (365,000)
                                            ------------------
   Net cash provided by operating activities       365,428,000
                                            ------------------

Cash flows from investing activities:
Acquisitions/development of real estate and property
additions/improvements                           (113,169,000)
Proceeds from sales of investment properties           94,000
Proceeds from sales of investment in Unconsolidated
Real Estate Affiliates                              7,450,000
Decrease in investments in Unconsolidated Real
Estate Affiliates                                 (10,504,000)
Distributions received from Unconsolidated Real
Estate Affiliates                                  15,849,000
Loans (to) from Unconsolidated Real Estate
Affiliates, net                                             -
(Increase) decrease in restricted cash             (4,447,000)
Other, net                                         (2,722,000)
                                            ------------------
Net cash used in investing activities            (107,449,000)
                                            ------------------

Cash flows from financing activities:
Principal payments on mortgages, notes and
loans payable                                    (222,487,000)
Deferred financing costs                                    -
Finance costs related to emerged entities        (133,997,000)
Cash distributions paid to common stockholders     (5,957,000)
Cash distributions paid to holders of Common Units          -
Proceeds from issuance of common stock, including
common stock plans                                          -
Other, net                                         (1,669,000)
                                            ------------------
Net cash (used in) provided by financing
activities                                       (364,110,000)
                                            ------------------
Net change in cash and cash equivalents           (106,131,000)
Cash and cash equivalents at beginning of period   654,396,000
                                            ------------------
Cash and cash equivalents at end of period        $548,265,000
                                            ==================

                     About General Growth

Based in Chicago, Illinois, General Growth Properties, Inc. --
http://www.ggp.com/-- is the second-largest U.S. mall owner,
having ownership interest in, or management responsibility for,
more than 200 regional shopping malls in 44 states, as well as
ownership in master planned community developments and commercial
office buildings.  The Company's portfolio totals roughly
200 million square feet of retail space and includes more than
24,000 retail stores nationwide.  General Growth is a self-
administered and self-managed real estate investment trust.  The
Company's common stock is trading in the pink sheets under the
symbol GGWPQ.

General Growth Properties Inc. and its affiliates filed for
Chapter 11 on April 16, 2009 (Bankr. S.D.N.Y., Case No.
09-11977).  Marcia L. Goldstein, Esq., Gary T. Holtzer, Esq.,
Adam P. Strochak, Esq., and Stephen A. Youngman, Esq., at Weil,
Gotshal & Manges LLP, serve as bankruptcy counsel.  Kirkland &
Ellis LLP is co-counsel.  Kurtzman Carson Consultants LLC has been
engaged as claims agent.  The Company also hired AlixPartners LLP
as financial advisor and Miller Buckfire Co. LLC, as investment
bankers.  The Debtors disclosed $29,557,330,000 in assets and
$27,293,734,000 in debts as of December 31, 2008.

Bankruptcy Creditors' Service, Inc., publishes General Growth
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by General Growth Properties Inc. and its various
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


GENERAL GROWTH: Proposes to Issue Anchor Indemnities
----------------------------------------------------
General Growth Properties, Inc., and its debtor affiliate seek the
Court's permission to:

  (i) issue indemnities and guaranties in connection with
      lease of certain real property, including vacant land,
      buildings or space in buildings in its shopping centers to
      certain parties -- Anchor Transactions; and

(ii) issue certain guaranties in favor of non-Debtor affiliates
      in connection with certain loan transactions involving
      those affiliates, without further notice or order from the
      Court.

In the ordinary course, GGP conveys or leases certain real
property, including vacant land, buildings or space in buildings
in its shopping centers to certain parties.  The applicable GGP
entity may be required to obtain the consent of its secured
lender prior to undertaking all or a portion of the obligations
relating to the Anchor Transaction.  In connection with certain
obligations under the Anchor Transactions, GGP may be obligated
under its loan documents with its Secured Lender to provide
additional security in the form of cash or an indemnity.

As part on an Anchor Transaction, GGP may agree to pay a
construction allowance of an agreed upon amount -- Anchor
Allowance.  In connection with that allowance, a Debtor may
provide a guaranty on behalf of a non-debtor affiliate for a
capital contribution to be made by the non-debtor affiliate to an
Anchor Owner.  GGP affiliates also may borrow money on
advantageous terms to satisfy an Anchor Allowance subject to
their property-level secured mortgage loan documents.  Before
providing those loans, however, the lender may require a guaranty
from a Debtor on behalf of a non-debtor affiliate for the Anchor
Allowance Loan.

General Growth is negotiating Anchor Indemnities, Anchor
Allowance Guaranties, and Anchor Allowance Loan Guaranties in
connection with certain pending Anchor Transactions, Stephen A.
Youngman, Esq., at Weil, Gotshal & Manges LLP, in New York,
relates.

General Growth also anticipates the need for one or more Debtors
to issue guaranties to lenders in connection with the potential
refinancing of three non-Debtor joint venture affiliate property-
level mortgage loans, which loans are scheduled to mature within
the next four months, Mr. Youngman discloses.  Under an Affiliate
Guaranty, a Debtor may provide a payment or performance guaranty
with respect to all or a portion of the obligations arising under
the applicable loan related refinancing, a non-recourse carveout
guaranty, an environmental guaranty, or an indemnity for tenant
allowances that are unfunded at the time of refinancing.

GGP believes that issuance of Anchor Indemnities, Anchor
Allowance Guaranties, and Anchor Allowance Loan Guaranties in
connection with Anchor Transactions is in the ordinary course of
its business.  However, to satisfy the need of certain
counterparties to the Anchor Transactions for certainty, GGP
filed this motion, Mr. Youngman tells the Court.

More importantly, Mr. Youngman emphasizes that the Anchor
Transactions are key factors by which GGP is able to attract
tenants for the Shopping Centers.  Through the Anchor
Transactions, GGP is able to achieve the confirmed, long-term
presence of Anchors at the Shopping Centers and, in turn,
increase the likelihood that it can attract and retain additional
desirable tenants in the Shopping Centers, he elaborates.  This
results in Shopping Centers that appeal to a larger customer base
and a tenant base that is willing to pay higher rent than GGP
would otherwise receive in the absence of the presence of the
Anchor at the Shopping Center, he adds.

Similarly, the issuance of Affiliate Guaranties will permit
continued stability at the various affiliates seeking to
refinance debt with upcoming maturities by allowing the affiliate
to secure loans on favorable terms, Mr. Youngman points out.
Since GGP is an integrated company, those immediate benefits for
its affiliate will inure to General Growth through the continued
stability and profitability of its Shopping Centers, he
maintains.

GGP further seeks that any order approving the Indemnities Motion
should be effective immediately by waiving the l4-day stay under
Bankruptcy Rules 6004(h) of the Federal Rules of Bankruptcy
Procedure.  If the order is stayed, the Anchor Owners will
possibly wait until the order becomes final before commencing
construction, thus risking a delay in opening the Anchor, or
decide not into enter into the Anchor Transaction with GGP at
all, Mr. Youngman stresses.

In a related request, GGP asks the Court to shorten the notice
period with respect to the Indemnities Motion and set the
Indemnities Motion for a hearing on August 19, 2010.  Mr. Youngman
says the first of the upcoming affiliate debt maturities is
scheduled for September 1, 2010.  Absent a shortened notice
period, GGP may not be able to refinance this joint-venture debt
with the most attractive financing available, he asserts.

                     About General Growth

Based in Chicago, Illinois, General Growth Properties, Inc. --
http://www.ggp.com/-- is the second-largest U.S. mall owner,
having ownership interest in, or management responsibility for,
more than 200 regional shopping malls in 44 states, as well as
ownership in master planned community developments and commercial
office buildings.  The Company's portfolio totals roughly
200 million square feet of retail space and includes more than
24,000 retail stores nationwide.  General Growth is a self-
administered and self-managed real estate investment trust.  The
Company's common stock is trading in the pink sheets under the
symbol GGWPQ.

General Growth Properties Inc. and its affiliates filed for
Chapter 11 on April 16, 2009 (Bankr. S.D.N.Y., Case No.
09-11977).  Marcia L. Goldstein, Esq., Gary T. Holtzer, Esq.,
Adam P. Strochak, Esq., and Stephen A. Youngman, Esq., at Weil,
Gotshal & Manges LLP, serve as bankruptcy counsel.  Kirkland &
Ellis LLP is co-counsel.  Kurtzman Carson Consultants LLC has been
engaged as claims agent.  The Company also hired AlixPartners LLP
as financial advisor and Miller Buckfire Co. LLC, as investment
bankers.  The Debtors disclosed $29,557,330,000 in assets and
$27,293,734,000 in debts as of December 31, 2008.

Bankruptcy Creditors' Service, Inc., publishes General Growth
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by General Growth Properties Inc. and its various
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


GENERAL GROWTH: Wins Approval of $500 Million TRS Investment Pact
-----------------------------------------------------------------
General Growth Properties, Inc., and its debtor affiliates won the
Court's permission to enter into an agreement with Teacher
Retirement System of Texas to invest $500,000,000 for shares in
reorganized GGP at $10.25 per share.

Under the Supplemental Equity Investment Agreement, Texas
Teachers is committed to make the investment until December 31,
2010, provided that this date may be extended to January 31,
2011.  Texas Teachers' investment is subject to the satisfaction
of closing conditions and Texas Teachers will receive customary
piggyback registration rights pursuant to a registration rights
agreement.  Should more favorable financing become available, GGP
may reduce the number of shares purchased by Texas Teachers by up
to 50%, prior to closing or up to 45 days thereafter, at no
additional cost.

If the Supplemental Equity Investment Agreement is terminated in
connection with the termination of REP Investments LLC's
Cornerstone Investment Agreement by GGP in connection with a
permitted sale of New GGP Common Stock, GGP will pay to Texas
Teachers a breakup fee of $15 million and reimburse Texas
Teachers' reasonable and documented out-of-pocket expenses up
to $1 million.

"The equity investment by Texas Teachers is yet another vote of
confidence in the future of GGP," said Adam Metz, chief executive
officer of GGP in a public statement dated July 12, 2010.  "We are
excited to partner with such an experienced and highly regarded
real estate investor that has a proven track record of long-term
investments.  Although we previously obtained sufficient capital
commitments to enable us to emerge from Chapter 11, this
transaction expands and diversifies our ownership base on
attractive terms and preserves our ability to continue to seek
more favorable equity investments.  We continue to make excellent
progress with our restructuring plan and are well on our way to
exiting Chapter 11 by October of this year."

The Supplemental Equity Investment Agreement facilitates the
successful reorganization of those Debtors remaining in Chapter
11, Stephen A. Youngman, Esq., Weil, Gotshal & Manges LLP, in New
York, tells the Court.  He further notes that the Supplemental
Equity Investment Agreement will allow GGP to reap the benefit of
its ongoing capital raise as it continues to capture the value of
its estates for the benefit of all its stakeholders.  He also
stresses that the Breakup Fee and the expense reimbursement are
reasonable and are necessary to induce the investment of the
Supplemental Equity Investor.

A full-text copy of the Supplemental Equity Investment Agreement
is available for free at:

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

The Debtors further ask the Court to waive a 14-day stay period
required by Rule 6004(h) of the Federal Rules of Bankruptcy
Procedure.  GGP would like to ensure that Texas Teachers is fully
and immediately committed to the proposed transaction, Mr.
Youngman reasons.

                        *     *     *

In a related development, Brookfield said it expects GGP to emerge
from bankruptcy "in the fall of this year" and that its investment
group will own about 30% of the company at that time, Bloomberg
News relates.

                     About General Growth

Based in Chicago, Illinois, General Growth Properties, Inc. --
http://www.ggp.com/-- is the second-largest U.S. mall owner,
having ownership interest in, or management responsibility for,
more than 200 regional shopping malls in 44 states, as well as
ownership in master planned community developments and commercial
office buildings.  The Company's portfolio totals roughly
200 million square feet of retail space and includes more than
24,000 retail stores nationwide.  General Growth is a self-
administered and self-managed real estate investment trust.  The
Company's common stock is trading in the pink sheets under the
symbol GGWPQ.

General Growth Properties Inc. and its affiliates filed for
Chapter 11 on April 16, 2009 (Bankr. S.D.N.Y., Case No.
09-11977).  Marcia L. Goldstein, Esq., Gary T. Holtzer, Esq.,
Adam P. Strochak, Esq., and Stephen A. Youngman, Esq., at Weil,
Gotshal & Manges LLP, serve as bankruptcy counsel.  Kirkland &
Ellis LLP is co-counsel.  Kurtzman Carson Consultants LLC has been
engaged as claims agent.  The Company also hired AlixPartners LLP
as financial advisor and Miller Buckfire Co. LLC, as investment
bankers.  The Debtors disclosed $29,557,330,000 in assets and
$27,293,734,000 in debts as of December 31, 2008.

Bankruptcy Creditors' Service, Inc., publishes General Growth
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by General Growth Properties Inc. and its various
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


GENERAL MOTORS: Asbestos Panel Wants Rule 2004 Exam on Debtors
--------------------------------------------------------------
Motors Liquidation Company, formerly known as General Motors
Corporation, and its debtor-affiliates contemplate a Chapter 11
plan that will provide for a trust to be established for
processing, liquidating, and paying pending and future claims for
asbestos-related personal injury and wrongful death.  The plan
will require estimation of the Debtors' aggregate liability for
the Asbestos Claims.

Representing the Official Committee of Unsecured Creditors Holding
Asbestos-Related Claims, Trevor W. Swett III, Esq., at Caplin &
Drysdale, Chartered, in Washington, D.C., relates that the Debtors
have provided the Asbestos Committee with certain data concerning
their Asbestos Claims history.  However, Mr. Swett says, the
Debtors did not provide data that would ordinarily be collected by
an asbestos defendant for claims management purposes.

In addition, most of the information needed for Claims estimation
purposes is in the hands of General Motors, LLC, or its
subsidiaries or affiliates, Mr. Swett tells the Court.  "It
appears that the data already received by the [Asbestos Committee]
came from New GM through the Debtors, rather than from the Debtors
directly," he points out.

Moreover, the Data provided, and those that are still to be
provided, require analysis and explication in the context of other
documentary evidence and testimony to support a reliable liability
estimate, Mr. Swett says.  "The persons most knowledgeable about
the Data and about the Asbestos Claims history of Old GM are
employees of, or otherwise within the control of, New GM,"
according to Mr. Swett.

Against this backdrop, the Asbestos Committee seeks permission
from Judge Robert E. Gerber of the U.S. Bankruptcy Court for the
Southern District of New York to commence discovery on the Debtors
for purposes of estimating the value of their aggregate liability
for Asbestos Claims.  The Asbestos Committee proposes to serve
discovery requests by appropriate means on New GM as well as on
the Debtors pursuant to Rule 2004 of the Federal Rules of
Bankruptcy Procedure.

Specifically, the Asbestos Committee will serve the Debtors with a
set of document requests include, among others:

  -- all databases or other data compilations concerning past,
     pending, or future Asbestos Claims against any GM Entity,
     and any software necessary to use any Database;

  -- data, forecast, projection, report or analysis that Old GM
     relied on in computing its recorded liabilities or reserves
     for asbestos-related matters;

  -- documents sufficient to show the calculation of recorded
     liabilities or reserves for Asbestos Claims or related
     defense costs of any GM Entity;

  -- data, forecast, projection, valuation, report or analysis
     concerning the number or value of Asbestos Claims filed
     against, to be filed against, resolved, or to be resolved
     by any GM Entity;

  -- data relating to any prepetition engagements by any GM
     Entity -- for the forecasting, projection, valuation, or
     analysis of Asbestos Claims or aggregate liability for
     Asbestos Claims -- of:

     * Hamilton Rabinovitz & Associates Inc., or Dr. Francine
       Rabinovitz;

     * Bates White LLC or Dr. Charles E. Bates; and

     * any expert other than Hamilton Rabinovitz or Bates White;

  -- all documents concerning economical, financial or budgetary
     aspects; strategies or processes; changes or trends,
     management, valuation or resolution of Asbestos Claims
     against any GM Entity;

  -- all documents concerning any GM Entity's experience with
     Personal injury Asbestos litigation in the tort system of
     the United States'

  -- documents to identify (i) each lead trial counsel who
     defended any GM Entity in a jury trial of an Asbestos Claim
     after January 1, 2000; (ii) any verdict rendered during the
     period January 1, 2000, through May 31, 2009; and (iii) any
     lawyer, risk manager, claims adjuster, or other
     representative or employee who represented any GM Entity in
     the settlement or resolution of a group of 500 or more
     Asbestos Claims between January 1, 2000 and May 31, 2009;

  -- documents to identify all in-house personnel who at any
     time from January 1, 2000, until May 31, 2009, had a
     substantial role in making recommendations or decisions on
     the management, defense, or resolution of Asbestos Claims;
     and

  -- documents sufficient to identify every Asbestos-Containing
     Product that any GM Entity ever manufactured, sold,
     distributed, marketed, or used.

The Asbestos Committee intends to serve a substantially similar
set of document requests upon New GM by means of a subpoena duces
tecum or other appropriate procedural means, Mr. Swett notes.

As part of the requested Rule 2004 Exam, the Asbestos Committee
also seeks the Court's authority to issue subpoenas ad
testificandum to the Debtors and New GM, which require them to
designate individuals to testify on their behalf regarding the
Requested Documents.  The Debtors will also testify whether or in
what circumstances any Asbestos-containing brake products from any
Old GM Entity have caused, contributed to the causation of, or are
or were capable of causing or contributing to the causation of
mesothelioma, lung cancer, any other form of cancer or malignant
disease, asbestosis, pleural effusions, pleural plaques, or any
other non-malignant disease or abnormal condition of the lungs.

Dean M. Trafelet, as legal representative for holders of future
asbestos personal injury claims against the Debtors filed a
joinder in support of the Asbestos Committee's Rule 2004 Motion.

Subsequently, the Creditors' Committee withdrew its Motion in
light of an agreement reached with the Debtors.

                       About General Motors

With its global headquarters in Detroit, Michigan, General Motors
Company -- http://www.gm.com/-- is one of the world's largest
automakers.  GM employs 205,000 people in every major region of
the world and does business in some 157 countries.  GM and its
strategic partners produce cars and trucks in 31 countries, and
sell and service these vehicles through the following brands:
Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Jiefang,
Opel, Vauxhall and Wuling.  GM's largest national market is China,
followed by the United States, Brazil, Germany, the United
Kingdom, Canada, and Italy.  GM's OnStar subsidiary is the
industry leader in vehicle safety, security and information
services.

General Motors Co. is 60.8% owned by the U.S. Government.  It was
formed to acquire the operations of General Motors Corporation
through a sale under 11 U.S.C. Sec. 363 following Old GM's
bankruptcy filing.  The deal was closed on July 10, 2009, and Old
GM changed its name to Motors Liquidation Co.  Old GM remains
subject to a pending Chapter 11 reorganization case before the
U.S. Bankruptcy Court for the Southern District of New York.

At March 31, 2010, GM had US$136.021 billion in total assets,
total liabilities of US$105.970 billion and preferred stock of
US$6.998 billion, and non-controlling interests of US$814 million,
resulting in total equity of US$23.053 billion.

                   About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, serves as the
Chief Executive Officer for Motors Liquidation Company.  GM is
also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP is
providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP serve as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long serve as counsel regarding
supplier contract matters.  FTI Consulting, Inc., serves as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represents the Asbestos
Committee.  Legal Analysis Systems, Inc., serves as asbestos
valuation analyst.

Bankruptcy Creditors' Service, Inc., publishes General Motors
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by General Motors Corp. and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000).


GENERAL MOTORS: Creditors Committee Probing Asbestos Claims
-----------------------------------------------------------
Pursuant to Rule 2004 of the Federal Rules of Bankruptcy
Procedure, the Official Committee of Unsecured Creditors in
General Motors Corp.'s Chapter 11 cases sought and obtained
authority from Judge Robert E. Gerber of the U.S. Bankruptcy Court
for the Southern District of New York to serve subpoenas
compelling the production of documents by:

  (i) the Delaware Claims Processing Facility and Claims
      Resolution Management Corporation for certain trusts
      created pursuant to Section 524(g) of the Bankruptcy Code;
      and

(ii) General Motors LLC or New GM and the Debtors.

The Claims Processing Facilities are with respect to Armstrong
World Industries Asbestos Personal Injury Settlement Trust,
Babcock & Wilcox Company Asbestos Personal Injury Settlement
Trust, Celotex Asbestos Settlement Trust, DII Industries, LLC
Asbestos PI Trust, Owens Corning Fibreboard Asbestos Personal
Injury Trust-FB Subfund, Owens Corning Fibreboard Asbestos
Personal Injury Trust-OC Subfund, United States Gypsum Asbestos
Personal Injury Settlement Trust and Manville Personal Injury
Settlement Trust.

Philip Bentley, Esq., at Kramer Levin Naftalis & Frankel LLP, in
New York, tells the Court, that as part of the consideration for
the sale of substantially all of the Debtors' assets, New GM
issued certain stock and warrants to the Debtors.  It is currently
expected that these securities of New GM will be available for
distribution to the Debtors' general unsecured creditors pursuant
to a Chapter 11 plan of liquidation.

A factor to determine the value of creditor recoveries will be the
allowed amount of general unsecured claims.  To that end, the
Creditors' Committee has been working with the Debtors to analyze
and object to certain significant disputed claims to maximize
recoveries for general unsecured creditors, Mr. Bentley relates.

Mr. Bentley adds that among the largest disputed claims are the
present and future asbestos claims against the Debtors, including
a liability of $648 million for asbestos-related matters.  It is
expected that the Debtors' plan will provide for the establishment
and funding of an asbestos trust responsible for the liquidation
and payment of all asbestos claims.

According to Mr. Bentley, the Debtors and New GM have provided the
Creditors' Committee with certain information from the asbestos
claims database concerning Old GM's asbestos claims history.  The
Information, however, is not sufficient to accurately estimate the
Debtors' asbestos liabilities, he tells the Court.  In fact,
additional information is needed from several sources,
principally, from the Claims Processing Facilities in the
bankruptcy cases of a number of former asbestos defendants; and
secondarily, from New GM and the Debtors, he says.

Mr. Bentley maintains that the estimated amount of the Debtors'
asbestos liabilities will significantly impact distributions to
all general unsecured creditors.  "The Rule 2004 Examination will
allow the Creditors' Committee to evaluate the true extent of the
Debtors' asbestos liabilities and to propose an accurate estimate
of asbestos claims for purposes of funding an asbestos trust," he
says.

Mr. Bentleys specifies that the Creditors' Committee seeks to
obtain from the Claims Processing Facilities (i) any and all
claims forms and other filings submitted to each of the Trusts by
the plaintiffs in each of the prepetition asbestos personal injury
actions against Old GM in which the plaintiffs alleged they
suffered from mesothelioma; and (ii) the amounts paid by each of
the Trusts to the plaintiffs in the Mesothelioma Cases.

The Creditors' Committee seeks to obtain from New GM and the
Debtors (i) the last four digits of the social security numbers of
the plaintiffs who filed prepetition asbestos personal injury
actions against Old GM; and (ii) the complaints, the case-specific
interrogatory responses served by plaintiffs, and transcripts of
the depositions of the plaintiffs in the Mesothelioma Cases.

"The Creditors' Committee is prepared to enter into an appropriate
confidentiality agreement with the various Claims Processing
Facilities and associated Trusts, as well as with New
GM and the Debtors, and to work with the parties to minimize the
burden imposed by the necessary document requests," Mr. Bentley
discloses.

Detroit Diesel Corporation filed a joinder in support of the
Creditors' Committee's Rule 2004 Motion.

                    Asbestos Trusts Object

The Asbestos Trusts argue that production of the Trust Claims
Databases, as specifically requested by the Creditors' Committee,
will reveal confidential research, development, and valuable
commercial information relating to the collection, sorting,
processing, and storing of claims data by the Trusts, the Delaware
Claims Processing Facility its competitors.

Accordingly, responding to the proposed subpoena requests would
impose an extraordinary burden on the Trusts, complains Stephen M.
Juris, Esq., at Morvillo, Abramowitz, Grand, Iason, Anello &
Bohrer, P.C., in New York, in a declaration and letter filed with
the Court.  John L. Mekus, executive director of the DCPF, filed a
declaration supporting the objection.  Exhibits supporting the
Declaration were also submitted.

Manville and the Claims Resolution Management Corporation contend
that the Manville Trust was established to provide for the fair,
adequate and equitable compensation of individuals who suffered
personal injuries from exposure to asbestos or asbestos-containing
products sold or manufactured by Johns Manville Corporation.

The Creditors' Committee's request seeks to use the Manville
Trust's resources for an entirely unrelated purpose that is not
only inconsistent with the Trust's fundamental mission, but is
impermissible under Rule 2004 of the Federal Rules of Bankruptcy
Procedure, argues Emily A. Stubbs, Esq., at Friedman Kaplan Seiler
& Adelman LLP, in New York, on behalf of Mansville Trust.

David T. Austern, general counsel to the Manville Trust, noted in
a declaration filed with the Court that the Creditors' Committee
proposed subpoena seeking production of documents as part of the
Rule 2004 Exam "would place an extraordinary burden on the
Manville Trust."  Moreover, the Subpoena appears to seek
production of privileged and confidential documents, according to
Mr. Austern.

Responding to the Objections, Mr. Bentley contends that the
Requested Discovery is "needed to fill in significant gaps in the
Debtors' Asbestos Claims Database."  Moreover, the concerns
relating to confidentiality can be properly addressed by a
confidentiality agreement, he says.

      Debtors and Creditors' Committee Resolve Issue

In a subsequent filing, the Debtors and New GM disclosed that
pursuant to certain discussions with the Creditors' Committee, the
Parties have resolved the Motion.  Harvey R. Miller, Esq., at Weil
Gotshal & Manges LLP, in New York, specifies that the resolution
encompasses these terms:

  (1) New GM will provide to the Creditors' Committee the last
      four digits of the social security numbers of the
      Plaintiffs that it has.  The Creditors' Committee already
      has been advised that neither the Debtors nor New GM have
      information for all of the Plaintiffs.

  (2) The Creditors' Committee will limit the Social Security
      Numbers request to 650 prepetition lawsuits.  The Debtors
      or New GM will provide to the Creditors' Committee copies
      of the complaints, the case-specific interrogatory
      responses of the Plaintiffs and the deposition transcripts
      of the Plaintiffs in the Lawsuits, which are in the
      possession of the Debtors' local counsel.

  (3) With respect to the Creditors' Committee's request for
      information from the Claims Processing Facilities, the
      Debtors are concerned that the delay associated with
      Discovery could impact the timely administration of the
      Chapter 11 cases.  The Debtors note that no other retained
      expert has requested the information.  Moreover, if the
      Creditors' Committee's expert believes that the
      information is so critical to its analysis, the Debtors
      question why this request surfaced three months after the
      Creditors' Committee's expert was retained.

General Motors, LLC, submitted a separate disclosure reiterating
the resolution reached among the Parties.

                        *     *     *

The Court approved the Creditors' Committee to seek information
from the Debtors pursuant to Rule 2004, Tiffany Kary of Bloomberg
News said in an August 9 report.

The report said Judge Robert granted the request after the
Creditors' Committee agreed to keep sensitive information
confidential.

"This isn't like the formula for Coke or nuclear launch codes,"
Judge Gerber said, after taking hours of testimony about the risks
that the information could be misused if disclosed, Bloomberg
related.  Judge Gerber added that the Creditors' Committee's
request is legitimate because it seeks "macroeconomic
information."

                       About General Motors

With its global headquarters in Detroit, Michigan, General Motors
Company -- http://www.gm.com/-- is one of the world's largest
automakers.  GM employs 205,000 people in every major region of
the world and does business in some 157 countries.  GM and its
strategic partners produce cars and trucks in 31 countries, and
sell and service these vehicles through the following brands:
Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Jiefang,
Opel, Vauxhall and Wuling.  GM's largest national market is China,
followed by the United States, Brazil, Germany, the United
Kingdom, Canada, and Italy.  GM's OnStar subsidiary is the
industry leader in vehicle safety, security and information
services.

General Motors Co. is 60.8% owned by the U.S. Government.  It was
formed to acquire the operations of General Motors Corporation
through a sale under 11 U.S.C. Sec. 363 following Old GM's
bankruptcy filing.  The deal was closed on July 10, 2009, and Old
GM changed its name to Motors Liquidation Co.  Old GM remains
subject to a pending Chapter 11 reorganization case before the
U.S. Bankruptcy Court for the Southern District of New York.

At March 31, 2010, GM had US$136.021 billion in total assets,
total liabilities of US$105.970 billion and preferred stock of
US$6.998 billion, and non-controlling interests of US$814 million,
resulting in total equity of US$23.053 billion.

                   About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, serves as the
Chief Executive Officer for Motors Liquidation Company.  GM is
also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP is
providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP serve as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long serve as counsel regarding
supplier contract matters.  FTI Consulting, Inc., serves as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represents the Asbestos
Committee.  Legal Analysis Systems, Inc., serves as asbestos
valuation analyst.

Bankruptcy Creditors' Service, Inc., publishes General Motors
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by General Motors Corp. and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000).


GENERAL MOTORS: Future Claims Rep. Wants Rule 2004 Exam on Debtors
------------------------------------------------------------------
Dean M. Trafelet, as legal representative for holders of future
asbestos personal injury claims against General Motors Corp.,
seeks the Court's authority, pursuant to Rule 2004 of the Federal
Rules of Bankruptcy Procedure, to compel the Debtors and New GM to
produce documents with respect to, and designate for oral
examination individuals with knowledge of, matters relating to
Asbestos Claims in the Debtors' cases.

The Document Requests consist of, among other things, documents:

  (i) relating to estimations, analyses or forecasts of
      liability of Old GM for Asbestos Claims, and of liability
      of any foreign subsidiary of Old GM for Asbestos Claims,
      broken down by the foreign subsidiary;

(ii) reflecting, relating or referring to the capital structure
      of Old GM;

(iii) reflecting financial statements and annual reports of Old
      GM and its subsidiaries, prepared for the years 2005
      through 2009;

(iv) relating or referring to non-litigation "case matter types"
      relating to asbestos-related claims; and

  (v) relating to Old GM's engagement of Hamilton, Rabinovitz &
      Associates, or Dr. Francine Rabinovitz and; any consultant
      other than Hamilton Rabinovitz, for the forecasting,
      projection, valuation or analysis of Asbestos Claims or Old
      GM's liability for Asbestos Claims.

The Future Claimants' Representative also proposes to issue a
subpoena directing certain individuals of Debtors' and New GM's to
submit to oral examination on matters regarding the Document
Requests.

On behalf of Mr. Trafelet, Peter C. D'Apice, Esq., at Stutzman,
Bromberg, Esserman & Plifka, A Professional Corporation, in
Dallas, Texas, says any determination regarding payment of
potential Asbestos Claims by the Debtors or payment of Asbestos
Claims by a trust is of primary importance to the Future
Claimants' Representative.

Mr. D'Apice notes that despite the Debtors' expressed desire to
formulate a Chapter 11 plan that addresses their potential
liability for Asbestos Claims, they have not provided the Future
Claimants' Representative with the data necessary for the
requisite analyses.

Moreover, Mr. D'Apice says information needed to analyze the
Debtors' potential liability for Asbestos Claims is in the
possession, custody and control of General Motors LLC or "New GM."
Accordingly, it is necessary for the Debtors and New GM to specify
the persons best able to identify, locate, produce and interpret
the information needed, he contends.

Mr. Trafelet, however, withdrew his motion based on an agreement
reached between the parties.

                       About General Motors

With its global headquarters in Detroit, Michigan, General Motors
Company -- http://www.gm.com/-- is one of the world's largest
automakers.  GM employs 205,000 people in every major region of
the world and does business in some 157 countries.  GM and its
strategic partners produce cars and trucks in 31 countries, and
sell and service these vehicles through the following brands:
Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Jiefang,
Opel, Vauxhall and Wuling.  GM's largest national market is China,
followed by the United States, Brazil, Germany, the United
Kingdom, Canada, and Italy.  GM's OnStar subsidiary is the
industry leader in vehicle safety, security and information
services.

General Motors Co. is 60.8% owned by the U.S. Government.  It was
formed to acquire the operations of General Motors Corporation
through a sale under 11 U.S.C. Sec. 363 following Old GM's
bankruptcy filing.  The deal was closed on July 10, 2009, and Old
GM changed its name to Motors Liquidation Co.  Old GM remains
subject to a pending Chapter 11 reorganization case before the
U.S. Bankruptcy Court for the Southern District of New York.

At March 31, 2010, GM had US$136.021 billion in total assets,
total liabilities of US$105.970 billion and preferred stock of
US$6.998 billion, and non-controlling interests of US$814 million,
resulting in total equity of US$23.053 billion.

                   About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, serves as the
Chief Executive Officer for Motors Liquidation Company.  GM is
also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP is
providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP serve as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long serve as counsel regarding
supplier contract matters.  FTI Consulting, Inc., serves as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represents the Asbestos
Committee.  Legal Analysis Systems, Inc., serves as asbestos
valuation analyst.

Bankruptcy Creditors' Service, Inc., publishes General Motors
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by General Motors Corp. and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000).


GENESIS FLUID: Posts $66,420 Net Loss in Q2 Ended June 30
---------------------------------------------------------
Genesis Fluid Solutions Holdings, Inc., filed its quarterly report
on Form 10-Q, reporting a net loss of $66,420 on $129,089 of
revenue for the three months ended June 30, 2010, compared with a
net loss of $630,151 on zero revenue for the same period of 2009.

The Company's balance sheet as of June 30, 2010, showed
$4,566,677 in total assets, $1,834,030 in total liabilities, and
stockholders' equity of $2,732,647.

For the six months ended June 30, 2010, the Company had a net loss
of $1,287,180 and cash used in operations of $1,107,924.  At
June 30, 2010, the Company had an accumulated deficit of
$7,505,079.  In addition, the Company has had limited revenue
generating activities in 2010.  These matters raise substantial
doubt about the Company's ability to continue as a going concern.

A full-text copy of the Quarterly Report is available for free at:

     http://researcharchives.com/t/s?685c

Colorado Springs, Colo.-based Genesis Fluid Solutions Holdings,
Inc., is engaged in the design and development of waterway
restoration, mining, and paper mill (water) remediation
technologies.  The Company's patented Rapid Dewatering System
(RDS) removes different types of debris, sediments, and
contaminates from waterways and industrial sites, which assists in
the recovery of lakes, canals, reservoirs and harbors.

Salberg & Company, P.A., in Boca Raton, Fla., expressed
substantial doubt about the Company's ability to continue as a
going concern after auditing the Company's financial statements
for the year ended December 31, 2009.  The independent auditors
noted that the Company had a net loss and cash used in operations
of $2,247,767 and $1,737,841, respectively, in 2009.  In addition,
as of December 31, 2009, the Company had an accumulated deficit of
$6,217,899, has minimal revenue generating activities and is
transitioning to a new business model.


GEOEYE INC: S&P Puts 'B' Corp. Rating on CreditWatch Positive
-------------------------------------------------------------
Standard & Poor's Ratings Services said that it placed its ratings
on GeoEye Inc., including the 'B' corporate credit rating, on
CreditWatch with positive implications.

"This action follows the announcement that the National
Geospatial-Intelligence Agency has given a $3.8 billion award
under the EnhancedView Program to a subsidiary of GeoEye," said
Standard & Poor's credit analyst Naveen Sarma.  The contract is
for ten years if all options are exercised.  S&P has stated that
such an award could lead to a ratings upgrade.  In conducting
S&P's CreditWatch review, S&P will assess the terms and conditions
of the contract and the impact on GeoEye's growth prospects and
credit metrics, specifically the company's future funding
requirements to build and launch GeoEye-2, the company's next-
generation advanced high-resolution imaging satellite.

The ratings on Dulles, Va.-based GeoEye Inc. reflect a high degree
of business risk because of revenue concentration from a U.S.
government contract and disproportionate reliance on the GeoEye-1
satellite.  The rating also incorporates the potential for
additional financing requirements for the design, development, and
launch of the GeoEye-2 satellite.  S&P's rating recognizes that
government contracts are not guaranteed until Congress
appropriates the funds and that, although unlikely, government
agencies may terminate or suspend their contracts at any time,
with or without cause.  The company's dominant position as one of
only two providers of commercial satellite imagery services and
rising demand for such services tempers those risks somewhat.


GEOFFREY MONCRIEF: Case Summary & 15 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Geoffrey Paul Moncrief
        417 Sea Ridge Drive
        La Jolla, CA 92037

Bankruptcy Case No.: 10-14057

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       Southern District of California (San Diego)

Judge: Laura S. Taylor

Debtor's Counsel: Arthur Stockton, Esq.
                  STOCKTON LAW OFFICES
                  27322 Calle Arroyo, Suite 36D
                  San Juan Capistrano, CA 92675
                  Tel: (866) 682-8776
                  Fax: (866) 207-4082
                  E-mail: art@stocktonlawoffices.com

Estimated Assets: $0 to $50,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Debtor's 15 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/casb10-14057.pdf


GEORGE WASHINGTON: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: The George Washington Natational
         Memorial Cemetery and Garden LLC
          fdba Sunrise Lake Memorial Garden LLC
        2446 Massachusetts Avenue, NW
        Washington, DC 20008

Bankruptcy Case No.: 10-16604

Chapter 11 Petition Date: August 5, 2010

Court: United States Bankruptcy Court
       Eastern District of Virginia (Alexandria)

Judge: Robert G. Mayer

Debtor's Counsel: George E. Marzloff, Esq.
                  GEORGE E. MARZLOFF & ASSOCIATES, P.C.
                  385 Garrisonville Road #110-A
                  Stafford, VA 22554
                  Tel: (540) 659-3131
                  Fax: (540) 659-7724
                  E-mail: gmarz1@verizon.net

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/vaeb10-16604.pdf

The petition was signed by Gratian Yatsevitch, president of World
Trade & Investments, Inc., Debtor's sole managing member.


GOG CAMPGROUND: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: GOG Campground, LLC
        8207 Bryn Glen Way
        San Diego, CA 92129

Bankruptcy Case No.: 10-29909

Chapter 11 Petition Date: August 5, 2010

Court: U.S. Bankruptcy Court
       District of Colorado (Denver)

Judge: Michael E. Romero

Debtor's Counsel: Kevin S. Neiman, Esq.
                  1660 Lincoln Street, Suite 1900
                  Denver, CO 80264
                  Tel: (303) 996-8600
                  Fax: (303) 966-8636
                  E-mail: kneiman@hblegal.net

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cob10-29909.pdf

The petition was signed by David Loseke, manager.


GREAT AMERICA: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Great America Networks, Inc
        10350 Heritage Park Drive, Suite 101
        Santa Fe Springs, CA 90670

Bankruptcy Case No.: 10-42634

Chapter 11 Petition Date: August 5, 2010

Court: U.S. Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Barry Russell

Debtor's Counsel: Gary S. Brown, Esq.
                  LAW OFFICES OF GARY BROWN
                  15 Fair Oaks Avenue, # 301
                  Pasadena, CA 91105
                  Tel: (818) 293-0979

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-42634.pdf

The petition was signed by Eric U. Brackett, president.


HARBOUR EAST: Plan to Pay Secured Claims in Installments
--------------------------------------------------------
Harbour East Development, Ltd., submitted with the U.S. Bankruptcy
Court for the Southern District of Florida a proposed Plan of
Reorganization.

According to the Plan, the Debtor will continue to operate certain
of the condominium units known as CIELO on the Bay located at 7935
East Drive, North Bay Village, Florida, as a rental pool for
purposes of generating net rental income to pay the operating
expenses of the Debtor and to fund distributions to holders, until
the time as the Debtor closes on the sale of all of the
condominium units.

The Debtor will also continue to market, sell and offer purchase
money mortgages with respect to ongoing sales of the condominium
units at the property.

Under the Plan, the Reorganized Debtor, after payment of operating
expenses, administrative expenses, allowed priority and allowed
secured claims, will deposit all remaining net rental income, net
purchase money principal and interest income, and net proceeds of
sale condominium units into an unsecured creditor distribution
reserve at least annually.  Upon each general unsecured claim
distribution date, as determined by the Reorganized Debtor, the
Debtor will pay holders of an allowed general unsecured claim,
their ratable proportion of the general unsecured claim cash
distribution.

The Plan will be further implemented by exchange of Mario Egozi's
Class 12 unsecured claim for the new general partnership interest
and new limited partnership interest, without the need for any
further partnership action and without any further action by
holders of the old general partnership equity interests and the
old limited partnership interests.

Mr. Egozi is the initial manager of the general partner, Harbour
East Development, LC, of the Reorganized Debtor.

The Debtor will pay holders of secured claims: Egozi Secured
Subrogation Claim, Whirlpool Secured Claim, and Revuelta Vega Leon
Secured Claim, 100% of the principal amount, and accrued interest
thereon at the secured claim cram down rate, in deferred cash
payment.

Class 7.  Purchaser Deposit Secured Claims -- the Debtor will pay
to each holder (a) cash in the amount of the principal balance and
accrued interest thereon of the escrow funds of the holder on
deposit with the escrow agent; and (b) the Debtor will pay the all
principal, and accrued interest thereon at the secured claim cram
down rate, in deferred cash payments.

Class 8.  Association Secured Claim -- the Debtor will pay the
holder all principal, and accrued interest thereon at the secured
claim cram down rate, in deferred cash payments.

Class 9.  Purchaser Contract Litigation Attorney Secured Claim --
the Debtor will pay 100% of the principal, and accrued interest
thereon at the secured claim cram down rate, in deferred cash
payments.

Class 11.  General Unsecured Claims -- the Debtor will pay holders
up to 100% of the principal amount and accrued interest thereon at
the unsecured cram-down rate from the general unsecured claim
distribution reserve.

Class 12.  Egozi Unsecured Claim -- the Debtor will issue and
deliver the new general partnership interest and new limited
partnership interest to the holder or his nominees in full
satisfaction of his Class 12 claim.

Class 13.  Old Limited Partnership Equity Interests will be
cancelled and the holders of old limited partnership equity
interests will not be entitled to, and will not receive or retain,
any property or interest in the Debtor on account of the Old
Limited Partnership Equity Interests. On the effective date, all
obligations of the debtor to holders of old limited partnership
equity interests will be completely discharged.

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

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

                About Harbour East Development

North Bay Villae, Florida-based Harbour East Development, Ltd.,
owns luxury residential condominium development known as CIELO on
the Bay located at 7935 East Drive, North Bay Village, Florida.

The Company filed for Chapter 11 bankruptcy protection on
April 22, 2010 (Bankr. S.D. Fla. Case No. 10-20733).  Michael L
Schuster, Esq., who has an office in Miami, Florida, assists the
Company in its restructuring effort.  The Company estimated its
assets and debts at $10 million to $50 million, as of the petition
date.


HARBOUR EAST: Can Sell Condominium Units in CIELO on the Bay
------------------------------------------------------------
The Hon. A. Jay Cristol of the U.S. Bankruptcy Court for the
Southern District of Florida authorized Harbour East Development,
Ltd., to:

   -- auction the unsold condominium units in CIELO on the Bay;
      and

   -- offer purchase money mortgage loans to purchasers secured by
      the condominium units in connection with the sales.

The Debtor owns luxury residential condominium development known
as CIELO on the Bay located at 7935 East Drive, North Bay Village,
Florida.

The Court also approved the initial overbid protection of $15,000
with respect to any competing third party bids or credit bids by
secured creditors.  Subsequent bids will proceed in $10,000
increments.

                About Harbour East Development, Ltd.

North Bay Villae, Florida-based Harbour East Development, Ltd.,
filed for Chapter 11 bankruptcy protection on April 22, 2010
(Bankr. S.D. Fla. Case No. 10-20733).  Michael L Schuster, Esq.,
who has an office in Miami, Florida, assists the Company in its
restructuring effort.  The Company estimated its assets and debts
at $10 million to $50 million.


HERITAGE GABLES: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Heritage Gables Associates I, LLC
        199 Main Street, Suite 900
        White Plains, NY 10601

Bankruptcy Case No.: 10-23611

Chapter 11 Petition Date: August 5, 2010

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

Judge: Robert D. Drain

Debtor's Counsel: Jonathan S. Pasternak, Esq.
                  Julie A. Cvek, Esq.
                  RATTET, PASTERNAK & GORDON OLIVER, LLP
                  550 Mamaroneck Avenue, Suite 510
                  Harrison, NY 10528
                  Tel: (914) 381-7400
                  Fax: (914) 381-7406
                  E-mail: jsp@rattetlaw.com
                          jcvek@rattetlaw.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor did not file a list of its largest unsecured creditors
together with its petition.

The petition was signed by Mark Iannone, member.


HOTEL INDIGO: Owners File for Chapter 11
----------------------------------------
Melody Simmons at The Daily Record reports that owners of Hotel
Indigo filed for bankruptcy under Chapter 11 to avoid foreclosure.
The Company said it owes more than $14 million to several
creditors.  Hotel Indigo is a 10-story boutique hotel in downtown
Baltimore.


INTERNATIONAL LEASE: Fitch Expects to Rate $2.5 Bil. Senior Notes
-----------------------------------------------------------------
Fitch Ratings expects to rate International Lease Finance Corp.'s
$2.50 billion of senior secured notes 'BBB-'.  These notes will be
rated two notches above ILFC's long-term Issuer Default Rating of
'BB.'  Notching of the secured note rating primarily reflects
superior collateral coverage with respect to the overall value,
type and vintage of aircraft included in the collateral pool.

This rating action does not affect ILFC's existing long-term IDR
of 'BB' or the other ratings nor the Evolving Rating Outlook.  For
further information, please refer to Fitch's press release dated
April 30, 2010.

Fitch views this transaction positively as it represents further
progress on financing plans to extend debt maturities and to
improve liquidity.  The initial collateral pool will comprise 122
aircraft and related leases.  Based on the estimated value of the
aircraft, the loan-to-value for this transaction will equal
approximately 60% at closing.  The type of aircraft will be evenly
divided between narrow- and wide-bodied and will have a weighted
average age of 7.7 years.  Leases associated with the aircraft
have a weighted average remaining term of 3.6 years.

In addition to customary affirmative and negative covenants,
structural protection also includes aircraft and lessee
concentration limits and substitution requirements.  Also, the
incurrence of secured debt to refinance maturing senior secured
notes will require compliance with a loan-to-value ratio that is
less than or equal to 63%.

Proceeds from the issuance of these notes are expected to be used
to repay a potion of the $3.9 billion secured loan from AIG
Funding, Inc. In connection with the repayment of this debt, the
Federal Reserve Bank of New York and AIG Funding have agreed to
release liens on 98 aircraft and related equipment and leases that
are part of the designated pool of aircraft and collateral
securing the obligations under the notes and guarantees.  In
addition, the FRBNY and AIG Funding have indicated that they will
release additional collateral of FRBNY's choosing such that the
loan-to-value ratio of secured loans from AIG Funding, after
giving effect to the repayment with the net proceeds from this
offering, will be approximately the same as the loan-to-value
ratio prior to repayment of the loan.

ILFC is a market leader in the leasing and remarketing of
commercial jet aircraft to airlines around the world.  As of
June 30, 2010, ILFC owned an aircraft portfolio with a net book
value of approximately $40 billion, consisting of approximately
950 aircraft.

Fitch expects to assign this rating:
  -- $2.5 billion senior secured notes 'BBB-';

The current ratings for ILFC and related subsidiaries are:

ILFC

  -- Long-term IDR 'BB';
  -- Senior secured debt 'BBB-';
  -- Senior unsecured debt 'BB';
  -- Preferred stock at 'B';

Delos Aircraft Inc.

  -- Senior secured debt 'BB'.

ILFC E-Capital Trust I

  -- Preferred stock 'B'.

ILFC E-Capital Trust II

  -- Preferred stock 'B'.


INTERNATIONAL LEASE: Moody's Assigns 'Ba3' Rating on Senior Notes
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to International
Lease Finance Corporation's senior secured notes, issued in three
series of up to $900 million due 2014, $800 million due 2016, and
$800 million due 2018.  ILFC's other ratings, including its B1
Corporate Family and senior unsecured debt ratings, are not
affected by the new transaction.  The outlook for ILFC's ratings
remains negative.

The Notes will be secured by a perfected first priority lien, or
the equivalent, on specific aircraft and associated equipment,
leases and proceeds owned by ILFC and certain of its subsidiaries.
The ILFC subsidiaries that own assets pledged in support of the
Notes will guarantee the Notes on a senior secured basis.  ILFC
will use the proceeds of the debt issuance to repay a portion of
the principal and interest of currently outstanding indebtedness
owing to AIG Funding and the associated ILFC guarantee of AIG
Funding's borrowing from the Federal Reserve Bank of New York.
Repayment of the AIG Funding debt would result in the release of
liens on a significant number of aircraft securing the AIG Funding
loans, a portion of which would comprise the collateral securing
the Notes.  In Moody's view, ILFC's financial and operational
flexibility would improve, to the extent that the AIG Funding debt
is repaid.

The Ba3 rating assigned to the Notes is one notch above ILFC's B1
corporate family rating, based upon terms that meaningfully lower
secured creditors' risk of loss compared to holders of ILFC's
unsecured obligations.  A supporting factor in the one-notch
uplift is the initial collateral coverage provided by the asset
pool, based upon independently appraised values and net book
values.  The Notes are rated one-notch lower than ILFC's Ba2-rated
$750 million term loan maturing March 2015 (Term Loan 1; see press
release dated February 24, 2010).  Though the Notes are expected
to feature similar initial collateral coverage as Term Loan 1,
estimated to be 59% loan-to-value, the Notes do not require a
quarterly maximum loan-to-value certification and semi-annual
collateral appraisal as is the case with Term Loan 1.  Rather,
with respect to the Notes, compliance with a 63% maximum LTV
restriction is required only upon the occurrence of specific
events, including a refinancing of the Notes with secured debt and
repayment of a series of Notes.  In Moody's view, the more
frequent collateral assessments and loan-to-value compliance
requirements under Term Loan 1 better protect Term Loan 1
creditors from potential losses in a liquidation scenario.

To ensure acceptable pool diversity, the collateral securing the
Notes will be subject to concentration limits relating to aircraft
type (wide- or narrow-body), model, lessee, and country of
operation that are identical to Term Loan 1.

The Ba3 rating anticipates ILFC's greater use of secured debt in
its capital structure.  To generate cash to repay its significant
upcoming unsecured debt maturities, ILFC will likely seek to issue
additional secured and unsecured debt and sell certain assets.
The notching uplift incorporated into the Ba3 rating is consistent
with Moody's estimate of ILFC's future capital structure, taking
into consideration the anticipated shifts in its funding profile.

The rating of the Notes also reflects ILFC's fundamental credit
characteristics including strengths such as its competitive
positioning in the aircraft leasing industry, modern aircraft
fleet, and history of earnings growth, as well as one notch of
rating uplift associated with support from ultimate parent
American International Group (AIG).  While ILFC's liquidity
profile remains a key rating concern, Moody's believes the Notes
offering is incrementally helpful to the firm's efforts to
strengthen its liquidity position and establish improved stand-
alone viability.  Further progress by the company in advancing its
liquidity initiatives would be a credit positive.

In its last ILFC rating action dated March 30, 2010, Moody's
assigned a rating of B1 to ILFC's senior unsecured notes due 2015
and 2017.

International Lease Finance Corporation, headquartered in Los
Angeles, California, is a major owner-lessor of commercial
aircraft.


ISE CORP: Files for Chapter 11 Bankruptcy Protection
----------------------------------------------------
ISE Limited's principal operating subsidiary, ISE Corporation has
filed a voluntary petition to reorganize its business under
Chapter 11 of the United States Bankruptcy Code.  The filing was
made in the United States Bankruptcy Court for the Southern
District of California.

As announced on July 15, 2010, ISE had been actively seeking to
raise additional capital through debt or equity or other capital
raising efforts, such as asset sales, while also considering other
strategic alternatives.  ISE was unsuccessful in raising such
additional capital or completing a strategic transaction.
Accordingly, after a review of the various alternatives available
to ISE, the board of directors concluded that utilizing the
Chapter 11 process to restructure ISE's business is in the best
long-term interests of ISE and all of its stakeholders.

ISE will continue operating its business during the Chapter 11
restructuring process.  ISE is currently in discussions with
lenders and strategic partners regarding a potential debtor-in-
possession financing.  ISE's objective in seeking DIP financing is
to enable ISE to have adequate funds, when combined with ISE's
operating revenue, to fund its working capital, meet ongoing
obligations and ensure that operations continue without
interruption during the restructuring.

                         About ISE Limited

ISE Limited --- http://www.isecorp.com/-- is a leading developer,
manufacturer and distributor of Energy Storage Systems (ES
Systems) and Heavy Duty Hybrid-Electric Drive Systems (Hybrid
Systems).  ISE products are developed based on our core
proprietary technology, which focuses on three critical
subsystems: energy storage, controls software, and power
electronics.  ISE specializes in series hybrid-electric and all-
electric/zero emission technologies, and offers industry-leading
ES Systems and Hybrid System components.  Over the past 10 years,
ISE has sold over 300 Hybrid Systems that have demonstrated
reliability and performance in over 13 million miles of fleet
operation.

Established in 1995, ISE is headquartered in San Diego,
California.  ISE's history of innovation and technological
leadership has resulted in the design and development of systems
and components that deliver superior operating performance.


JARA INVESTMENTS: Case Summary & 8 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Jara Investments, LLC
        P.O. Box 16981
        Greensboro, NC 27416

Bankruptcy Case No.: 10-11451

Chapter 11 Petition Date: August 5, 2010

Court: United States Bankruptcy Court
       Middle District of North Carolina (Greensboro)

Judge: Catharine R. Carruthers

Debtor's Counsel: James K. Talcott, Esq.
                  IVEY, MCCLELLAN, GATTON, & TALCOTT, LLP
                  Suite 500, 100 S. Elm St.
                  P.O. Box 3324
                  Greensboro, NC 27402-3324
                  Tel: (336) 274-4658
                  Fax: (336) 274-4540
                  E-mail: jkt@imgt-law.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $10,000,001 to $50,000,000

A list of the Company's eight largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ncmb10-11451.pdf

The petition was signed by Raymond E. Phillips, president and
member/manager.


KDMJ REALTY: Files for Ch. 11 in Manhattan to Avoid Foreclosure
---------------------------------------------------------------
Dow Jones' DBR Small Cap relates the Chelsea Art Museum's founder
and director Dorothea Keeser, is trying to avoid foreclosure.  On
Friday, a company controlled by Ms. Keeser called KDMJ Realty Inc.
-- which owns the museum's home -- filed for Chapter 11 bankruptcy
protection in Manhattan.  DBR Small Cap says the bankruptcy filing
would forestall any foreclosure proceedings.

DBR Small Cap also reports that the Chelsea Art Museum could face
the loss of its charter or referral to the state attorney
general's office following disclosure that its entire permanent
collection of artwork was pledged as collateral for a loan needed
to pay its mortgage.

The eight-year-old museum, which focuses on contemporary art, has
faced ongoing financial difficulties, with Ms. Keeser struggling
to pay mortgage on the museum's 30,000-square-foot home.

KDMJ Realty, Inc. filed for Chapter 11 bankruptcy protection
(Bankr. S.D.N.Y. Case No. 10-14268) on August 6, 2010.  The Debtor
estimated less than $10 million in total assets in its petition.


LAWRENCE REALTY: Case Summary & 6 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Lawrence Realty Group LLP
        12-16 Lawrence Street
        Yonkers, NY 10705-3230

Bankruptcy Case No.: 10-23609

Chapter 11 Petition Date: August 5, 2010

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

Judge: Robert D. Drain

Debtor's Counsel: J. Ted Donovan, Esq.
                  GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
                  1501 Broadway, 22nd Floor
                  New York, NY 10036
                  Tel: (212) 301-6943
                  Fax: (212) 422-6836
                  E-mail: TDonovan@Finkgold.com

Scheduled Assets: $2,053,000

Scheduled Debts: $2,717,656

A list of the Company's six largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nysb10-23609.pdf

The petition was signed by Eduard Fulop, manager.


LEAP WIRELESS: Reports $19.3-Mil. Net Loss for Second Quarter
-------------------------------------------------------------
Leap Wireless International Inc. filed its quarterly report on
Form 10-Q with the Securities and Exchange Commission.

According to the Troubled Company Reporter on Aug. 6, 2010, the
Company reported a net loss of $19.3 million for the quarter ended
June 30, 2010, compared to a net loss of $61.2 million for the
comparable period of the prior year.  Revenue was $633.54 million
for the second quarter of 2010, compared with $597.41 million in
the same period in 2009.

The Company's balance sheet at June 30, 2010, showed $5.2 billion
in total assets, $3.5 billion in total liabilities, and
stockholders' equity of $1.6 billion.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?67da

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?684e

                       About Leap Wireless

Headquartered in San Diego, California, Leap Wireless
International, Inc. (NASDAQ: LEAP) -- http://www.leapwireless.com/
-- and its joint ventures provide wireless services in 34 states
and the District of Columbia and hold licenses in 35 of the top 50
U.S. markets.  Through its affordable, flat-rate service plans,
Cricket offers customers a choice of unlimited voice, text, high-
speed data and mobile Web services.

Leap spun out from Qualcomm Inc. in 1998 and expanded primarily
into rural markets.  It has customers in 34 states and annual
sales around $2.3 billion, making it the seventh-largest wireless
carrier in the U.S., according to The Wall Street Journal.

At March 31, 2010, the Company had total assets of $5.26 billion,
total liabilities of $3.58 billion, redeemable non-
controlling interests of $51.8 billion, and stockholders'
equity of $1.63 billion.

The Troubled Company Reporter on February 2, 2010, citing The Wall
Street Journal's Jeffrey McCracken and Niraj Sheth, said Leap
Wireless has hired Goldman Sachs Group and formed a special board
committee to look into selling the company or merging with rivals.

Leap Wireless has reported net losses in the last three years.  It
incurred a net loss of $239.5 million, $150.2 million and
$80.3 million in 2009, 2008 and 2007.

Leap Wireless carries a 'B2' corporate family rating from Standard
& Poor's.


LIBBEY INC: Merrill Unit to Sell Shares, Cut Stake to 5.7%
----------------------------------------------------------
Merrill Lynch PCG Inc., which may be deemed to hold 1,592,087
shares or roughly 9.5% of the common stock of Libbey Inc., is
offering to sell 3,826,088 of those shares.  The transaction would
reduce its stake to 1,146,333 shares or 5.7%.

Libbey filed with the Securities and Exchange Commission a
Preliminary Prospectus Supplement dated August 9, 2010, in
connection with the offering.  Libbey will not receive any
proceeds from the sale.

Libbey shares trade on the NYSE Amex under the symbol "LBY."  On
August 5, 2010, the sale price of the shares as reported on the
NYSE Amex was $12.68 per share.

Merrill Lynch PCG is an affiliate of Merrill Lynch, Pierce, Fenner
& Smith Incorporated.  Merrill Lynch, Pierce, Fenner & Smith --
together with Stephen Inc. -- serves as underwriters to the
offering.  Merrill Lynch PCG has granted the underwriters an
option to purchase up to an additional 573,913 shares.

A full-text copy of the prospectus is available at no charge
at http://ResearchArchives.com/t/s?686c

                        About Libbey Inc.

Based in Toledo, Ohio, since 1888, Libbey, Inc., operates glass
tableware manufacturing plants in the United States in Louisiana
and Ohio, as well as in Mexico, China, Portugal and the
Netherlands.  Libbey supplies tabletop products to foodservice,
retail, industrial and business-to-business customers in over 100
countries.

Libbey Inc.'s balance sheet at June 30, 2010, showed
$794.1 million in total assets, $805.8 million total liabilities,
and stockholder's deficit of $11.6 million.

                           *     *     *

According to the Troubled Company Reporter on Feb. 1, 2010,
Standard & Poor's Ratings Services affirmed its "B" corporate
credit rating on Libbey Inc.  The outlook is stable.

On October 28, 2009, Libbey restructured a portion of its debt
by exchanging the old 16% Senior Subordinated Secured Payment-in-
Kind Notes due December 2011 of subsidiary Libbey Glass Inc.,
having an outstanding principal amount as of October 28, 2009, of
$160.9 million for (i) $80.4 million principal amount of new
Senior Subordinated Secured Payment-in-Kind Notes due 2021 of
Libbey Glass, and (ii) 933,145 shares of common stock and warrants
exercisable for 3,466,856 shares of common stock of Libbey Inc.

On February 8, 2010, Libbey used the proceeds of a $400.0 million
debt offering of 10.0% Senior Secured Notes due 2015 of Libbey
Glass Inc., as well as cash on hand, to (i) repurchase the
$306.0 million then outstanding Floating Rate Senior Secured Notes
due 2011 of Libbey Glass, (ii) repay the $80.4 million New PIK
Notes and (iii) pay related fees and expenses.  Concurrent with
the closing of the offering of the Senior Secured Notes, Libbey
entered into an amended and restated $110 million Asset Based Loan
facility which, among other terms, extended the maturity date to
2014.


LIBBEY INC: Stewart Receives Phantom Shares as Director's Fee
-------------------------------------------------------------
Libbey Inc. director Terence P. Stewart disclosed acquiring
770.5479 phantom stock units on August 1, 2010, in lieu of
compensation for director fees (paid quarterly).  The Units equal
to one common share per unit, and were acquired at $13.14 per
unit.  The units earned are settled in cash upon the director's
elected settlement date or retirement from the board.

Mr. Steward currently holds 45,385.42 Units following the
transaction.

He may be deemed to directly hold 28,442.6447 common shares.

                        About Libbey Inc.

Based in Toledo, Ohio, since 1888, Libbey, Inc., operates glass
tableware manufacturing plants in the United States in Louisiana
and Ohio, as well as in Mexico, China, Portugal and the
Netherlands.  Libbey supplies tabletop products to foodservice,
retail, industrial and business-to-business customers in over 100
countries.

Libbey Inc.'s balance sheet at June 30, 2010, showed
$794.1 million in total assets, $805.8 million total liabilities,
and stockholder's deficit of $11.6 million.

                           *     *     *

According to the Troubled Company Reporter on February 1, 2010,
Standard & Poor's Ratings Services affirmed its "B" corporate
credit rating on Libbey Inc.  The outlook is stable.

On October 28, 2009, Libbey restructured a portion of its debt by
exchanging the old 16% Senior Subordinated Secured Payment-in-Kind
Notes due December 2011 of subsidiary Libbey Glass Inc., having an
outstanding principal amount as of October 28, 2009, of
$160.9 million for (i) $80.4 million principal amount of new
Senior Subordinated Secured Payment-in-Kind Notes due 2021 of
Libbey Glass, and (ii) 933,145 shares of common stock and warrants
exercisable for 3,466,856 shares of common stock of Libbey Inc.

On February 8, 2010, Libbey used the proceeds of a $400.0 million
debt offering of 10.0% Senior Secured Notes due 2015 of Libbey
Glass Inc., as well as cash on hand, to (i) repurchase the $306.0
million then outstanding Floating Rate Senior Secured Notes due
2011 of Libbey Glass, (ii) repay the $80.4 million New PIK Notes
and (iii) pay related fees and expenses.  Concurrent with the
closing of the offering of the Senior Secured Notes, Libbey
entered into an amended and restated $110 million Asset Based Loan
facility which, among other terms, extended the maturity date to
2014.


LODGENET INTERACTIVE: June 30 Balance Sheet Upside Down by $55.9MM
------------------------------------------------------------------
LodgeNet Interactive Corporation filed its quarterly report on
Form 10-Q with the Securities and Exchange Commission.

The Company's balance sheet at June 30, 2010, showed
$466.45 million in total assets, $522.34 million in total
liabilities, and stockholders' deficit of $55.89 million.

As reported in the Troubled Company Reporter on Aug. 4, 2010, the
Company said in an earnings release that quarterly revenue was
$113.1 million compared to $122.0 million in the second quarter of
2009.  The Company reported a net loss of $3.1 million compared to
a net loss of $5.2 million for the prior year period.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6780

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?6867

                    About LodgeNet Interactive

Sioux Falls, South Dakota-based LodgeNet Interactive Corporation
(Nasdaq:LNET) -- http://www.lodgenet.com/-- provides media and
connectivity solutions designed to meet the unique needs of
hospitality, healthcare and other guest-based businesses.
LodgeNet Interactive serves more than 1.9 million hotel rooms
worldwide in addition to healthcare facilities throughout the
United States.  The Company's services include: Interactive
Television Solutions, Broadband Internet Solutions, Content
Solutions, Professional Solutions and Advertising Media Solutions.
LodgeNet Interactive Corporation owns and operates businesses
under the industry leading brands: LodgeNet, LodgeNetRX, and The
Hotel Networks.

                          *     *     *

As reported by the Troubled Company Reporter on June 21, 2010,
Standard & Poor's Ratings Services affirmed its ratings on Sioux
Falls, S.D.-based LodgeNet Interactive, including the 'B-'
corporate credit rating.  At the same time, S&P revised the rating
outlook to positive from stable.


LUIS GILL: Case Summary & 12 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Luis Felipe Gill
        164 S. Alice Circle
        Anaheim, CA 92806

Bankruptcy Case No.: 10-20952

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Robert N. Kwan

Debtor's Counsel: Michael R. Totaro, Esq.
                  TOTARO & SHANAHAN
                  P.O. Box 789
                  Pacific Palisades, CA 90272
                  Tel: (310) 573-0276
                  Fax: (310) 496-1260
                  E-mail: mtotaro@aol.com

Estimated Assets: $1,048,435

Estimated Debts: $2,137,055

A list of the Debtor's 12 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-20952.pdf


MALCOLM SIPE: Case Summary & 4 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Malcolm Sipe Properties
        176 Culpepper Road
        South Mills, NC 27976

Bankruptcy Case No.: 10-06210

Chapter 11 Petition Date: August 4, 2010

Court: United States Bankruptcy Court
       Eastern District of North Carolina (Wilson)

Judge: Stephani W. Humrickhouse

Debtor's Counsel: Danny Bradford, Esq.
                  PAUL D. BRADFORD, PLLC
                    dba Bradford Law Offices
                  6512 Six Forks Road, Suite 304
                  Raleigh, NC 27615
                  Tel: (919) 758-8879
                  Fax: (919) 803-0683
                  E-mail: dbradford@bradford-law.com

Estimated Assets: $100,001 to $500,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's four largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nceb10-06210.pdf

The petition was signed by Brian K. Malcolm, partner.

Debtor-affiliates that filed separate Chapter 11 petitions:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Adroit Properties, Inc.                10-06179   08/03/10
Brian K. Malcolm & Deborah A. Malcolm  10-05944   07/27/10


MBI DEVELOPMENT: Case Summary & 7 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: MBI Development, LLC
        109 North Chevy Chase Drive, Suite D
        Glendale, CA 91206

Bankruptcy Case No.: 10-42837

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Alan M. Ahart

Debtor's Counsel: Steven R. Fox, Esq.
                  17835 Ventura Boulevard, Suite 306
                  Encino, CA 91316
                  Tel: (818) 774-3545
                  Fax: (818) 774-3707
                  E-mail: emails@foxlaw.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's seven largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-42837.pdf

The petition was signed by Babken Isaian, manager.


MEADOWLANDS XANADU: Lenders Take Over Project
---------------------------------------------
The sponsor group for Meadowlands Xanadu, which consists of Colony
Capital, Dune Capital and Kan Am, said that, regrettably, after
months of good faith efforts on the sponsors' part, its lenders
remain unwilling to pursue alternative solutions that would have
moved the Meadowlands Xanadu project forward.  In a statement, the
sponsor group said:

"When the Lehman Brothers affiliate that was part of our lender
group defaulted in March, 2009, it was clear to us that the lender
syndicate no longer had the capacity to meet its obligations.  The
majority of the lending syndicate had either declared bankruptcy
or were about to do so.  Of the remaining lending syndicate, a
substantial majority were in severe financial distress and unable
to meet their commitments.  In an effort to save the project, we
agreed to allow the lenders to terminate their initial loan
obligations in exchange for pursuing good faith efforts to
restructure the project's financing.

"In the interim, we undertook several actions that would have
allowed the project to move forward, including obtaining a
commitment from a strong operating partner in The Related
Companies and working with the State of New Jersey to develop a
viable long-term business plan.  Despite being in the worst
economic downturn in decades, which has affected Meadowlands
Xanadu and many other major real estate projects in the United
States and throughout the world, we remained confident in the
potential of Xanadu and expressed our willingness to invest
significant new capital.  But the continued commitment of these
lenders was critical to the completion of the project.

"For reasons that are not clear to us, when it came time for our
existing lenders to support the continuation of Xanadu, they
refused to engage with us, ignored our proposed business plan, and
were unsupportive of a restructuring that would keep the project
going.  Because the lending syndicate would not grant an extension
of our loan, they are taking control of Meadowlands Xanadu as of
today and it will be up to them to determine the future of this
facility.

"We want to thank Governor Christie, Chairman Jon Hanson and the
other members of the New Jersey Gaming, Sports, and Entertainment
Advisory Commission, and the New Jersey Sports and Exposition
Authority for all their efforts on behalf of this project. They
have been working with us for quite some time and have been aware
of the obstacles we faced.  We wish the outcome could have been
different."

                     About Meadowlands Xanadu

Meadowlands Xanadu is a sports, leisure, shopping and family
entertainment destination development project with 2.2 million
square feet of entertainment and retail space to be built in
northern New Jersey.


MENNEN BUILDERS: Case Summary & 6 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Mennen Builders, Inc.
        815 Wexford Drive
        Lafayette, IN 47905

Bankruptcy Case No.: 10-40800

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       Northern District of Indiana (Hammond Division at
       Lafayette)

Judge: Robert E. Grant

Debtor's Counsel: David R. Krebs, Esq.
                  101 West Ohio Street, Suite 2100
                  Indianapolis, IN 46204
                  Tel: (317) 262-1001
                  E-mail: drk@hostetler-kowalik.com

Estimated Assets: $100,001 to $500,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's six largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/innb10-40800.pdf

The petition was signed by Douglas R. Mennen, president.


MERUELO MADDUX: Court OKs Disc. Statement for Full Payment Plan
---------------------------------------------------------------
Meruelo Maddux Properties, Inc., disclosed that the presiding
judge over its bankruptcy proceeding, the Honorable Kathleen
Thompson, has approved the company's Disclosure Statement for its
reorganization.  Of particular note, the company's reorganization
plan includes a 100% payment to all creditors of the company.

"Meruelo Maddux Properties is continuing on its path to completing
its bankruptcy reorganization," said Richard Meruelo, Chairman and
Chief Executive Officer.  "We have maintained all along that we
would remain in Los Angeles and assertively continue our
development and investment efforts.  The company's Disclosure
Statement and plan of reorganization underscores that commitment."

Based on the schedule put forth in its Disclosure Statement, and
barring any further delays, Meruelo Maddux believes that its plan
will be confirmed following a vote by creditors and shareholders
later this Fall, which will allow the company to exit bankruptcy
before the end of the year.

During the bankruptcy process, the company has sold approximately
$120 million of property, paid off approximately $90 million in
debt, and reached consensual agreements with lenders to extend the
maturities on over $100 million in debt.

In addition to the reorganization plan including a 100% payment to
all creditors of the company, approval of Meruelo Maddux'
reorganization plan would position the company well for its
continued investment in the City of Los Angeles.

                          About Meruelo Maddux

Meruelo Maddux and its affiliates filed for Chapter 11 protection
on March 26, 2009 (Bankr. C. D. Calif. Lead Case No. 09-13356).
Aaron De Leest, Esq., John J. Bingham, Jr., Esq., and John N.
Tedford, Esq., at Danning Gill Diamond & Kollitz, represent the
Debtors in their restructuring efforts.  Asa S. Hami, Esq., Tamar
Kouyoumjian, Esq., and Victor A. Sahn, Esq., at SulmeyerKupetz, A
Prof Corp, represent the official committee of unsecured creditors
as counsel.  The Debtors' financial condition as of December 31,
2008, showed $681,769,000 in assets and $342,022,000 of debts.


MICHAEL CITTA: Case Summary & 16 Largest Unsecured Creditors
------------------------------------------------------------
Joint Debtors: Michael Citta
               Jacqueline Citta
               1205 Steeplechase Ct
               Toms River, NJ 08755-2217

Bankruptcy Case No.: 10-34162

Chapter 11 Petition Date: August 5, 2010

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

Judge: Kathryn C. Ferguson

Debtor's Counsel: Timothy P. Neumann, Esq.
                  BROEGE, NEUMANN, FISCHER & SHAVER
                  25 Abe Voorhees Drive
                  Manasquan, NJ 08736
                  Tel: (732) 223-8484
                  E-mail: tneumann@bnfsbankruptcy.com

Estimated Assets: $100,001 to $500,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Joint Debtors' 16 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/njb10-34162.pdf


MICHAEL LAWRENCE: Case Summary & 19 Largest Unsecured Creditors
---------------------------------------------------------------
Joint Debtors: Michael Lawrence
               Celia Lawrence
               1506 N. Rose Street
               Burbank, CA 91505

Bankruptcy Case No.: 10-42786

Chapter 11 Petition Date: August 5, 2010

Court: U.S. Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Sheri Bluebond

Debtors' Counsel: Thomas P. Giordano, Esq.
                  500 State College Boulevard, Suite 530
                  Orange, CA 92868
                  Tel: (714) 912-7810
                  Fax: (714) 912-7860
                  E-mail: tohmahso@aol.com

Scheduled Assets: $1,524,185

Scheduled Debts: $2,156,428

A list of the Joint Debtors' 19 largest unsecured creditors
filed together with their petition is available for free
at http://bankrupt.com/misc/cacb10-42786.pdf


MIDWEST PROPERTIES: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Midwest Properties of Shawano, LLC
        902 North Market Street, Suite 704
        Wilmington, DE 19801

Bankruptcy Case No.: 10-12481

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       District of Delaware (Delaware)

Judge: Kevin Gross

Debtor's Counsel: Bruce E. Scott, Esq.
                  BRUCE E. SCOTT LAW FIRM
                  204 E. Main Street
                  P.O. Box 46
                  New Prague, MN 56071
                  Tel: (952) 758-4761
                  E-mail: bscott@bevcomm.net

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Company did not file a list of creditors together with its
petition.

The petition was signed by Naomi Isaacson, CEO.


MORGANS HOTEL: June 30 Balance Sheet Upside Down by $4.2-Mil.
-------------------------------------------------------------
Morgans Hotel Group Co. reported total assets of $774.402 million
against total liabilities of $778.666 million and non-controlling
interest of $12.719 million, resulting in total deficit of
$4.264 million as of June 30, 2010.

Morgans Hotel recorded a net loss of $21.071 million for the three
months ended June 30, 2010, from a net loss of $10.057 million for
the three months ended June 30, 2009.  It reported a net loss of
$37.031 million for the six months ended June 30, 2010, from a net
loss of $20.643 million for the same period in 2009.

Total revenues were $60.189 million for the three months ended
June 30, 2010, from $54.553 million for the three months ended
June 30, 2009.  Total revenues were $113.573 million for the six
months ended June 30, 2009, from $105.782 million for the same
period in 2009.

On July 15, 2010, MHG's London joint venture that owns Sanderson
and St Martins Lane successfully refinanced in full the GBP100
million mortgage debt secured by the hotels with a new loan
maturing in July 2015 at an interest rate reduced by approximately
100 basis points.

On July 31, 2010, the MHG joint venture that is developing a
Mondrian in SoHo procured additional funding to complete
development of the hotel and successfully extended the maturity of
the debt financing secured by the hotel property for up to five
years through extension options, subject to certain conditions.

A full-text copy of the Company's earnings release is available at
no charge at http://ResearchArchives.com/t/s?6869

A full-text copy of the Company's Form 10-Q is available at no
charge at http://ResearchArchives.com/t/s?686a

                      Forbearance Agreements

On July 9, 2010, the Company entered into forbearance agreements
with the lenders that hold the first mortgage notes of the
Mortgages.  The forbearance agreements effectively extend the
maturities of the first mortgage loans until September 12, 2010.
The Company is in negotiations with the mortgage lenders to extend
the first mortgage loans.  A portion of these loans may need to be
repaid in order to obtain an extension.  There can be no assurance
that the Company will be successful in extending the maturity of
these mortgage loans.

Bank of America, N.A., as Trustee for the Registered Holders of
Wachovia Bank Commercial Mortgage Trust, Commercial Mortgage Pass-
Through Certificates, Series 2007-WHALE 8 and Henry Hudson
Holdings LLC, a Delaware limited liability company, are
counterparties to the forbearance agreements.

                     About Morgans Hotel Group

Based in New York, Morgans Hotel Group Co. (NASDAQ: MHGC) --
http://www.morganshotelgroup.com/-- is widely credited as the
creator of the first "boutique" hotel and a continuing leader of
the hotel industry's boutique sector.  Morgans Hotel Group
operates and owns, or has an ownership interest in, Morgans,
Royalton and Hudson in New York, Delano and Shore Club in South
Beach, Mondrian in Los Angeles and South Beach, Clift in San
Francisco, Ames in Boston, and Sanderson and St Martins Lane in
London.  Morgans Hotel Group and an equity partner also own the
Hard Rock Hotel & Casino in Las Vegas and related assets.  Morgans
Hotel Group also manages hotels in Isla Verde, Puerto Rico and
Playa del Carmen, Mexico.  Morgans Hotel Group has other property
transactions in various stages of completion, including projects
in SoHo, New York and Palm Springs, California.


MOVIE GALLERY: 483 Workers Laid Off in Tenn. in 3 Months
--------------------------------------------------------
Bonna Johnson at The Tennessean reports that Movie Gallery laid
off 483 workers form its retail stores in Tennessee from May 1,
2010, to July 31, 2010.

                       About Movie Gallery

Based in Wilsonville, Ore., Movie Gallery, Inc., is the second
largest North American video and game rental company, operating
stores in the U.S. and Canada under the Movie Gallery, Hollywood
Video and Game Crazy brands.

Movie Gallery first filed for Chapter 11 on Oct. 16, 2007 (Bankr.
E.D. Va. Case Nos. 07-33849 to 07-33853).  Kirkland & Ellis LLP
and Kutak Rock LLP represented the Debtors.  The Company emerged
from bankruptcy on May 20, 2008, with private-investment firms
Sopris Capital Advisors LLC and Aspen Advisors LLC as its
principal owners.  William Kaye was appointed plan administrator
and litigation trustee.

Movie Gallery returned to Chapter 11 protection on February 3,
2009 (Bankr. E.D. Va. Case No. 10-30696).  Attorneys at
Sonnenschein Nath & Rosenthal LLP and Kutak Rock LLP represent the
Debtors in their second restructuring effort.  Kurtzman Carson
Consultants serves as claims and notice agent.


NETWORK COMMUNICATIONS: Forbearance from Lenders Expires Aug. 31
----------------------------------------------------------------
In a regulatory filing Thursday, Network Communications, Inc.,
disclosed that it will not be able to file its quarterly report on
Form 10-Q for the period ended June 20, 2010, within the
prescribed time period without unreasonable effort and expense.

The Company has not filed its annual report on Form 10-K for the
fiscal year ended March 28, 2010.

As reported on Form 8-K filed with the Security and Exchange
Commission on June 7, 2010, the Company and its parent, Gallarus
Media Holdings, Inc., entered into a forbearance agreement on June
1, 2010, pursuant to which the lenders under the Company's
revolving credit agreement and under the Company's senior term
loan agreement agreed to, among other things, forbear from
exercising certain of the lenders' rights and remedies in respect
of or arising out of certain specified defaults that had occurred
on June 1, 2010, as a result of the Company not making the
interest payment of $9.4 million on its 10 3/4% Senior Notes due
2013.  The Agreement was to expire on June 20, 2010.  Effective on
June 18, 2010, July 9, 2010, and July 30, 2010, respectively,
Holdings entered into a first, second and third amendment of the
Agreement, pursuant to which the lenders under the Senior
Revolving Loan Agreement and the Senior Term Loan Agreement agreed
to extend the expiration date of the Agreement to July 12, 2010,
July 30, 2010, and August 31, 2010, respectively.

The Company says its management has expended considerable time and
effort engaging in discussions with its lenders to evaluate
various strategic and restructuring alternatives which have
impacted the Company's ability to complete its financial
statements and required disclosures on a timely basis.  As a
result, the Company is not able to file its quarterly report on
Form 10-Q for the three-month period ended June 20, 2010.

As a result of its annual assessment for impairment of goodwill,
indefinite-lived intangible assets and long-lived assets, the
Company determined, on July 30, 2010, that it had an impairment
loss and recorded a charge of $145.5 million in the fourth quarter
of the fiscal year ended March 28, 2010.  The impairment loss is
comprised of
$105.1 million for impairment of goodwill, $700,000 million for
impairment of its indefinite-lived intangible assets, $38.8
million for impairment on definite-lived intangible assets, and
$900,000 for impairment of property, equipment and computer
software.  The impairment is related to the decline in the
Company's expectations and estimates for future growth in its
revenue and operating income.

"There can be no assurance that the Company can restructure its
debts or obtain a new amendment on its forbearance agreement after
August 31, 2010.  A new amendment may limit our ability to fund
our operations.  If a new amendment is not reached, the senior
lenders could require the Company to immediately repay all amounts
outstanding under the senior credit facility.  In addition, there
would be defaults under the Company's senior secured notes and
senior subordinated notes.  This would have a material adverse
effect on the business, financial condition, liquidity and
operations of the Company and raise substantial doubt about our
ability to continue as a going concern."

                   About Network Communications

Lawrenceville, Ga.-based Network Communications, Inc., is a
leading local media company providing lead generation, advertising
and internet marketing services to the housing industry.  The
Company's leading brands are Apartment Finder, The Real Estate
Book, DigitalSherpa, Unique Homes, New England Home and Atlanta
Homes & Lifestyles.

The Company's balance sheet at December 6, 2009, showed $362.4
million in total assets, $330.3 million in total liabilities, and
stockholders' equity of $32.1 million.


NEXCEN BRANDS: Posts $2.18 Million Net Loss for June 30 Quarter
---------------------------------------------------------------
Nexcen Brands Inc. filed its quarterly report on Form 10-Q,
reporting a net loss of $2.18 million on $10.57 million of revenue
for the three months ended June 30, 2010, compared with a net loss
of $416,000 on $11.78 million of revenue for the same period a
year ago.

The Company's balance sheet at June 30, 2010, revealed
$98.30 million in total assets, $150.05 million in total
liabilities, and stockholders' deficit of $51.75 million.

"Our financial condition and liquidity as of June 30, 2010, raised
substantial doubt about our ability to continue as a going
concern.  We remained highly leveraged; we had no additional
borrowing capacity under the BTMUCC Credit Facility; and the
BTMUCC Credit Facility imposed restrictions on our ability to
freely access the capital markets.  The BTMUCC Credit Facility
also imposed various restrictions on the cash we generated from
operations.  In addition, our scheduled principal payments under
the BTMUCC Credit Facility included a final principal payment on
our Class B Franchise Note of $34.5 million in July 2011.  We did
not expect that we would be able to meet this obligation.  If we
failed to meet debt service obligations or otherwise failed to
comply with the financial and other restrictive covenants, we
would have defaulted under our BTMUCC Credit Facility, which could
have then triggered, among other things, BTMUCC's right to
accelerate all payment obligations, foreclose on virtually all of
the assets of the Company and take control of all of the Company's
cash flow from operations."

"However, in connection with the closing of the Asset Sale on
July 30, 2010, BTMUCC accepted $98.0 million from the sale
proceeds, in full satisfaction of the outstanding indebtedness
owed to BTMUCC under the BTMUCC Credit Facility.  As a result, as
of the close of business on July 30, 2010, we had no debt
outstanding under the BTMUCC Credit Facility, and the BTMUCC
Credit Facility was canceled and all liens were released."

A full-text copy of the Quarterly Report is available for free at:

     http://researcharchives.com/t/s?6844

                         About NexCen Brands

Based in New York, NexCen Brands, Inc. (PINK SHEETS: NEXC.PK)
-- http://www.nexcenbrands.com/-- was, prior to the completion of
the sale of substantially all of the Company's assets (the "Asset
Sale"), including its entire portfolio of franchised brands, to
Global Franchise Group, LLC, on July 30, 2010, a strategic brand
management company that owned and managed a portfolio of seven
franchised brands, operating in a single business segment:
Franchising.  These brands included five QSR brands (Great
American Cookies, Marble Slab Creamery, MaggieMoo's, Pretzel Time
and Pretzelmaker) and two retail footwear and accessories brands
(TAF and Shoebox New York).  All seven franchised brands were
managed by NexCen Franchise Management, Inc., a wholly owned
subsidiary of NexCen.  The Company's franchise network, across all
of its brands, consisted of approximately 1,700 stores in 38
countries.


NEXSTAR BROADCASTING: June 30 Balance Sheet Upside Down by $187MM
-----------------------------------------------------------------
Nexstar Broadcasting Group Inc. filed its quarterly report on Form
10-Q with the Securities and Exchange Commission.

The Company's balance sheet at June 30, 2010, showed
$584.49 million in total assets, $771.66 billion in total
liabilities, and $187.17 billion in total stockholders' deficit.

As reported in the Troubled Company Reporter on Aug. 9, 2010, the
Company said in a press release that it incurred a net loss of
$9.42 million on $74.54 million of net revenue for the three
months ended June 30, 2010, compared with a net loss of
$1.2 million on $62.15 million of net revenue for the same period
a year earlier.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?685b

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6810

                  About Nexstar Broadcasting Group

Irving, Texas-based Nexstar Broadcasting Group Inc. currently
owns, operates, programs or provides sales and other services to
62 television stations in 34 markets in the states of Illinois,
Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania,
Louisiana, Arkansas, Alabama, New York, Rhode Island, Utah and
Florida. N exstar's television station group includes affiliates
of NBC, CBS, ABC, FOX, MyNetworkTV and The CW and reaches
approximately 13 million viewers or approximately 11.5% of all
U.S. television households.

                           *     *     *

Nexstar Broadcasting carries a 'B-' corporate credit rating, with
"positive" outlook, from Standard & Poor's.


NGPL PIPECO: Fitch Downgrades Issuer Default Rating to 'BB+'
------------------------------------------------------------
Fitch Ratings has downgraded the Issuer Default Rating and senior
unsecured debt ratings for NGPL PipeCo LLC to 'BB+' from 'BBB-'.
The IDR and debt ratings are removed from Rating Watch Negative
where they were placed on May 20, 2010 following disclosure of
potential reductions in future cash flows resulting from NGPL's
pending FERC rate proceeding.  NGPL's Rating Outlook is Stable.
The rating action affects $3 billion of outstanding debt.

The rating downgrade is driven by the expectation of lower cash
flows resulting from NGPL's uncontested rate settlement that was
approved by FERC by letter order on July 29, 2010.  The settlement
mandates phased in decreases in NGPL's base recourse rates and
fuel retention factors.  Fitch believes that by 2012, the initial
year the full impact of the rate reductions will be in effect,
that NGPL's credit measures will no longer be consistent with an
investment grade rating.  Fitch expects NGPL's calendar 2012
debt/EBITDA and FFO/debt to approximate 5.8 times and 8%,
respectively.

Other credit concerns include: the relatively short average term
of NGPL's transportation contracts of approximately two years and
the related re-contracting risk; the limiting effect the reduced
cash flows will have on the company's future operating flexibility
and strategies; NGPL's ability to efficiently refinance its
$1.25 billion of notes that will mature in December 2012; and the
possibility that increased leverage will result in a breaching of
a bank covenant.

Favorable considerations include NGPL's strong Chicago/Midwest
market franchise, its high-quality and reliable utility customer
base, limited liquidity needs, and its long record of successfully
managing contract rollovers.  Furthermore, the settlement will
enhance the quality of future cash flows and lower financial
volatility, particularly as it relates to fuel retention revenues.
Also, the resulting lower overall transportation costs will
improve NGPL's competitive position and enhance its ability to re-
contract at maximum rates.

NGPL is 80% owned by Myria Acquisition Inc., a consortium of
investors including Prime Infrastructure Group, SteelRiver, a
Canadian pension fund and a Netherlands pension fund and 20% owned
by Kinder Morgan, Inc. (IDR rated 'BB+' with a Stable Outlook by
Fitch).


OLD MUTUAL: Fitch Changes Watch on 'BB+' Note Ratings to Positive
-----------------------------------------------------------------
Fitch Ratings has revised its rating watch on the ratings of Old
Mutual plc and its operating subsidiaries to Rating Watch Positive
from Rating Watch Negative.  The rating watch revision reflects
Old Mutual's agreement of terms to sell its US life onshore
business, OM Financial Life Insurance Company and OM Financial
Life Insurance Company of New York, to Harbinger Capital Partners
LLC.

The Rating Watch Positive reflects Fitch's view that the agreed
terms are more favorable than expected.  Subject to capital
movements and finalization of terms, the sale will be for a
consideration of US$350 million and is expected to result in an
IFRS net asset value write-off of GBP689 million.  In addition,
Old Mutual will provide interim financing, guarantee minimum
capital values for the OM Financial Companies at the closing of
the transaction and retain a limited amount of investment risk.

Despite an IFRS loss on the sale and the assumption of certain
ongoing exposures, the sale will favorably improve Old Mutual's
risk profile by materially reducing its high exposure to US credit
markets and the associated volatility of capital and earnings.  On
balance, Fitch projects that Old Mutual's risk-adjusted capital
ratios will improve as a result of the sale as the impact of risk
reductions will offset the near-to-intermediate term losses to
capital on sale, and possible stressed future losses related to
the noted ongoing exposures.  The transaction should also lead to
a reduction in the group's financial leverage, as Old Mutual
management has indicated it will use the net proceeds to reduce
its net debt.

Fitch will resolve the rating watch on completion of the
transaction, which is expected to occur on or after December 31,
2010, pending regulatory approval.  The agency is likely to affirm
Old Mutual's ratings on completion of the transaction.  The change
in rating watch status primarily reflects that if the transaction
is completed within the stated terms, downside risk no longer
exists in the ratings.  The RWP also indicates there is a small
possibility of an upgrade if developments in the final terms of
the transaction, or in respect of certain financial commitments
Old Mutual has made to Harbinger, are significantly more favorable
than Fitch expects.

Fitch has revised the rating watches on these ratings to Rating
Watch Positive from Rating Watch Negative:

Old Mutual plc

  -- Long-term IDR: 'BBB+'

  -- Senior unsecured debt: 'BBB'

  -- Lower tier 2 subordinated debt:

   * EUR750 million 4.5% subordinated notes due 2017
     (XS0282807428);

     GBP300 million 5% subordinated notes due 2016 (XS0241547693):
     'BBB-'

  -- Upper tier 2 subordinated debt:

   * EUR500 million 5% subordinated notes undated (XS0234284668):
     'BB+'

  -- Tier 1 subordinated debt:

   * GBP350 million 6.376% perpetual callable securities
     (XS0215556142): 'BB+'

Old Mutual Life Assurance Company (South Africa)

  -- National Long-term rating: 'AA+(zaf)'

  -- Subordinated debt: ZAR3bn callable notes (ZAG000026816): 'AA-
     (zaf)'

Skandia Life Assurance Company Ltd

  -- IFS rating: 'A'
  -- Long-term IDR: 'A-'

Skandia Insurance Company Ltd

  -- IFS rating: 'A'
  -- Long-term IDR: 'A-'

Fitch has removed the RWN on these ratings and affirmed the
ratings:

Old Mutual plc

  -- Short-term IDR: affirmed at 'F2'

Old Mutual Life Assurance Company (South Africa)

  -- National IFS rating: affirmed at 'AAA(zaf)'; Outlook Stable


OM FINANCIAL: Fitch Changes Watch on 'BB' Rating to Positive
------------------------------------------------------------
Fitch Ratings has revised the Rating Watch on the 'BB' Insurer
Financial Strength rating of both OM Financial Life Insurance
Company and its wholly owned subsidiary OM Financial Life
Insurance Company of NY, collectively referred to as OM Financial
Companies, to Positive from Evolving.

The rating action follows Old Mutual plc's recent announcement
that the company has agreed to terms for the sale of OM Financial
Companies to affiliates of Harbinger Capital Partners LLC
(Harbinger).  The revised Watch represents Fitch's view that the
sale terms, on balance, are favorable from the perspective of OM
Financial Companies.

Fitch views favorably Harbinger's plan after the sale to retain OM
Financial Companies as an ongoing operating entity and add new but
experienced management to oversee the operations.  Further, Old
Mutual has made several commitments that will aid OM Financial
Companies in strengthening its statutory balance sheet, including:
1) a commitment to keep risk-based capital at no less than 300%
upon close; 2) provide interim financing for various reserve
funding needs; and 3) provide a certain amount of asset protection
to reduce investment risk.  Combined, Fitch believes these factors
offer a foundation from which OM Financial Companies can
ultimately migrate back to a more secure IFS rating.

However, there are uncertainties associated with the sale which
may influence Fitch's ultimate view: 1) the new owners'
disposition plans (although Fitch does not expect Harbinger to
dispose of OM Financial Companies in the near term, Fitch does not
view Harbinger as a long-term investor); 2) Harbinger's plans, if
any, to add any financial leverage; and 3) OM Financial Companies'
ability to find permanent reserve financing sources.

At this time, Fitch believes upon the closing of the sale, the
most likely rating action will be an affirmation of OM Financial
Companies' IFS rating of 'BB' and the assigning of a Positive
Rating Outlook.  However, a final ratings determination will be
made after additional discussions with OM Financial Companies and
Harbinger managements, as well as a review of the final terms at
close.  If the deal should fall through for whatever reason, Fitch
would likely return to an Evolving Watch.

Fitch placed OM Financial Companies on Watch Evolving in March
2010 after Old Mutual's announcement that it intended to explore
the sale of OM Financial Companies.  At that time, Fitch had also
downgraded OM Financial Companies' IFS rating to its current
stand-alone 'BB' rating, consistent with Fitch's group rating
criteria when the strategic category of an affiliate changes to
'limited importance'.

Old Mutual U.S. Life Holdings (Old Mutual U.S.) is the holding
company for OM Financial Companies.  Old Mutual U.S. is a wholly
owned subsidiary of its ultimate parent, U.K.-based Old Mutual
plc.

OM Financial Companies has historically focused on manufacturing
annuity and life insurance products for brokers, independent
agents and institutional distributors.  OM Financial Companies had
admitted assets of approximately $17.2 billion and total adjusted
capital of approximately $819 million on Dec. 31, 2009.  OM
Financial Companies is headquartered in Maryland.


OMNICARE INC: Moody's Gives Negative Outlook, Affirms 'Ba3' Rating
------------------------------------------------------------------
Moody's Investors Service changed the rating outlook for Omnicare,
Inc., to negative from stable following the company's announcement
that second quarter earnings were below expectations.  This comes
on the heels of unanticipated news that long-time CEO, Joel
Gemunder, has retired from the company.  At the same time, Moody's
affirmed all of Omnicare's ratings, including its Corporate Family
Rating of Ba3.  Omnicare continues to maintain very good liquidity
as reflected by its SGL-1 rating.

The negative outlook reflects Moody's concerns that fundamental
operating conditions, including a declining bed count and lower
census at nursing homes as well as lower script volume will
contribute to higher than anticipated leverage.  In Moody's view,
a key concern is the unexpected decline in script volume and the
effects on Omnicare's purchasing power and competitive pricing.

Based on management's revised guidance, by year end 2010, it is
possible that certain metrics will fall outside of expected
ranges.  Specifically, for the last twelve months ended June 30,
2010, Debt/EBITDA, which has already risen above 4.0 times ("B"
range), could further increase by year end assuming operating
trends do not improve.

Because of high uncertainty associated with the reimbursement
environment for long-term care pharmacy operators, the Ba3 rating
incorporated Moody's expectation that the company would achieve
and sustain cash flow to debt and leverage metrics that were above
those consistent with a "Ba3" rating level.

"This rise in leverage and significant reduction in cash flow
guidance reflect less cushion that Omnicare will have to offset
potential future negative reimbursement changes," commented Diana
Lee, a Moody's Senior Credit Officer.

In addition, as the company transitions to a new senior management
team, there is higher risk associated with uncertainty related to
strategic initiatives and financial policies.  Although new senior
management plans to implements cultural changes, it is too early
to determine the extent to which these changes will benefit
operating performance.

If the company sees protracted or further deterioration in
operating results, it could result in a rating downgrade.  If,
however, Omnicare is able to reverse negative operating trends and
can realize better cushions to offset reimbursement uncertainties,
the outlook could return to stable.

Ratings affirmed:

Omnicare, Inc.

* Ba3 Corporate Family Rating
* Ba3 Probability of Default Rating
* Baa3, LGD1, 6% secured revolver
* Ba2, LGD3, 34% senior subordinated notes
* B1, LGD5, 76% convertible senior notes
* SGL-1 Speculative Grade Liquidity Rating

Omnicare Capital Trust I

* B2, LGD6, 94% PIERS Trust Preferreds

Omnicare Capital Trust II

* B2, LGD6, 94% PIERS Trust Preferreds

The last rating action for Omnicare was taken on May 5, 2010, when
the company's CFR was raised to Ba3 and ratings were assigned to
the company's new revolver and senior subordinated notes.

Omnicare's ratings were assigned by evaluating factors Moody's
believe are relevant to the credit profile of the issuer,
such as i) the business risk and competitive position of the
company versus others within its industry, ii) the capital
structure and financial risk of the company, iii) the projected
performance of the company over the near to intermediate term,
and iv) management's track record of tolerance for risk.  These
attributes were compared against other issuers both within and
outside of Omnicare's core industry and Omnicare's ratings are
believed to be comparable to those other issuers of similar credit
risk.

Omnicare, Inc., headquartered in Covington, Kentucky, is the
leading provider of institutional pharmacy services to the long
term care sector.


ONE ACCORD: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: One Accord Worship Center
        P.O. Box 62914
        Virginia Beach, VA 23466

Bankruptcy Case No.: 10-73674

Chapter 11 Petition Date: August 5, 2010

Court: U.S. Bankruptcy Court
       Eastern District of Virginia (Norfolk)

Judge: Frank J. Santoro

Debtor's Counsel: Joseph T. Liberatore, Esq.
                  CROWLEY, LIBERATORE, & RYAN, P.C.
                  1435 Crossways Boulevard, Suite 300
                  Chesapeake, VA 23320
                  Tel: (757) 333-4500
                  Fax: (757) 333-4501
                  E-mail: jliberatore@clrfirm.com

Estimated Assets: $10,000,001 to $50,000,000

Estimated Debts: $1,000,001 to $10,000,000

The petition was signed by Burnell T. Williams, bishop.

Debtor's List of 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
KBI                                Construction         $1,500,000
820 Dryden Street                  Expense
Virginia Beach, VA 23462

Othella Matthews                   Church Loan            $140,000
9010 Lake Forest Boulevard
New Orleans, LA 70127

Bishop Burnell T. Williams         Parsonage, Salary      $100,000
460 Investor Place
Virginia Beach, VA 23452

Ocean Plastering                   Construction            $54,000
                                   Expense

Bank of America                    Credit Card             $33,000
                                   Purchases

Beach Door Service                 Construction            $30,000
                                   Expense

Glass Corporation                  Construction            $25,000
                                   Expense

WSKY-4 TV                          Media Broadcast         $18,980
                                   Expense

Southern Sheet Metal               Construction            $15,140
                                   Expense

Brooks Electric                    Construction            $15,000
                                   Expense

Tidewater Services                 Construction            $14,117
                                   Expense

Maxwell Landscape Service          Construction            $11,100
                                   Expense

American Express                   Credit Card             $10,000
                                   Purchases

Baker Roofing of Norfolk           Construction            $10,000
                                   Expenses

Professional Fire Protection       Construction            $10,000
Systems                            Expense

Southern Masonry Inc.              Construction            $10,000
                                   Expense

Xerox Corporation                  Office Equipment        $10,000
                                   Expense

American Express                   Credit Card              $4,000
                                   Purchases

RSC Equipment Rental               Construction             $2,400
                                   Expense

ADT Security Services              Security                 $1,500


PACIFIC ALLIED: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Pacific Allied Development, LLC
        9050 Telegraph Road
        Downey, CA 90240

Bankruptcy Case No.: 10-42788

Chapter 11 Petition Date: August 5, 2010

Court: U.S. Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Sheri Bluebond

Debtor's Counsel: Lewis R. Landau, Esq.
                  23564 Calabasas Road, Suite 104
                  Calabasas, CA 91302
                  Tel: (888) 822-4340
                  Fax: (888) 822-4340
                  E-mail: lew@landaunet.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-42788.pdf

The petition was signed by Tony Abboud, president.


PALMAS COUNTRY: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Palmas Country Club, Inc.
        1 Executive Drive, Palmas Del Mar
        Humacao, PR 00791-5234

Bankruptcy Case No.: 10-07072

Chapter 11 Petition Date: August 4, 2010

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

Judge: Enrique S. Lamoutte Inclan

Debtor's Counsel: Alexis Fuentes Hernandez, Esq.
                  FUENTES LAW OFFICES
                  P.O. Box 9022726
                  San Juan, PR 00902-2726
                  Tel: (787) 722-5216
                  Fax: (787) 722-5206
                  E-mail: alex@fuentes-law.com

Estimated Assets: $1,000,001 to $100,000,000

Estimated Debts: $1,000,001 to $100,000,000

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/prb10-07072.pdf

The petition was signed by Jaime Morgan Stubbe, president.


PEARVILLE LP: Has Interim Access to Cash Until August 31
--------------------------------------------------------
The Hon. Karen K. Brown of the U.S. Bankruptcy Court for the
Southern District of Texas will consider on August 17, 2010, at
2:30 p.m., Pearville, L.P.'s access to cash securing obligations
to its prepetition secured lenders.  The hearing will be held at
515 Rusk Avenue, 4th Floor, Courtroom No. 403, in Houston, Texas.

The Bankruptcy Court has previously entered an interim order
providing that the Debtor may use the lenders' cash collateral to
fund its Chapter 11 case, pay suppliers and other parties until
5:00 p.m., Houston, Texas time, on August 31.

The Debtor's prepetition secured lenders are the International
Bank of Commerce (IBC), Paul J.A. Van Hessen and Tribble &
Stephens.

The Court also ordered that the rental payments are to be made to
the Debtor and not to IBC.

In exchange for using the cash collateral, the Debtor will grant
the secured lenders replacement liens on postpetition assets,
having the same respective priority as their prepetition liens.
IBC will have a first-priority security interest in and lien on
the postpetition collateral and in the accounts and all funds
therein to secure payment of all postpetition obligations.
Van Hessen will have a second-priority security interest in and
lien on the post-petition collateral and in the accounts and all
funds therein to secure payment of all postpetition obligations.

                       About Pearville, L.P.

Houston, Texas-based Pearville, L.P., filed for Chapter 11
bankruptcy protection on May 14, 2010 (Bankr. S.D. Texas Case No.
10-34074).  Thomas H. Grace, Esq., at Spencer Crain Cubbage Healy
& McNamara, assists the Debtor in its restructuring effort.  In
its schedules, the Debtor listed $12,233,583 in total assets and
$11,993,598 in total liabilities.


PEARVILLE LP: Plan Promises to Pay All Claims from Van Hessen Loan
------------------------------------------------------------------
Pearville, L.P., submitted with the U.S. Bankruptcy Court for the
Southern District of Texas a proposed Plan of Reorganization and
an explanatory Disclosure Statement.

The Plan proponents are the Debtor and LVH Pearville, LLC, or J.A.
Lex Van Hessen, a secured creditor.

The Debtor will begin soliciting votes on the Plan following
approval of the adequacy of the information in the Disclosure
Statement.

According to the Disclosure Statement, the Plan contemplates
payment of all allowed claims against the Debtor utilizing the
exit financing to be provided by Van Hessen in an amount
sufficient to fund the payment of allowed obligations under the
Plan on the effective date and to provide additional operating
capital for the Reorganized Debtor.  In exchange for providing the
exit financing, LVH Pearville will receive a first lien on all of
the Reorganized Debtor's assets to secure the amount of the exit
financing well as any future cash infusions necessary to fund cash
flow deficiencies until the project is able to generate a positive
cash flow.  In addition, in the event that any portion of the
exit financing is used to pay the allowed secured claim of IBC,
LVH Pearville LLC may elect to receive an assignment of IBC's
secured claim and associated security documents and rights granted
thereunder.

                         Treatment of Claims

Class 1. International Bank of Commerce Claim. Estimated
         percentage recovery is 100%.

Class 2. Van Hessen Claim.  On the effective date, all past due
         amounts owed to Van Hessen, including the principal
         balance of notes owed by the Debtor to Van Hessen,
         accrued interest at the contract (non-default) rate,
         legal fees and out-of-pocket expenses will be converted
         to an equity interest in the Debtor of 100%.

Class 3. Materialmens Lien Claims. The estimated percentage
         recovery is 100%.

Class 4. General Unsecured Claims.  The estimated percentage
         recovery is 25%.

Class 5. Partnership Interests.  The holders of partnership
         interests in the Debtor must surrender their partnership
         interests.  The estimated percentage recovery is 0%.

A full-text copy of the Disclosure Statement is available for free
at http://bankrupt.com/misc/Pearville_DS.pdf

                       About Pearville, L.P.

Houston, Texas-based Pearville, L.P., filed for Chapter 11
bankruptcy protection on May 14, 2010 (Bankr. S.D. Texas Case No.
10-34074).  Thomas H. Grace, Esq., at Spencer Crain Cubbage Healy
& McNamara, assists the Debtor in its restructuring effort.  In
its schedules, the Debtor listed $12,233,583 in total assets and
$11,993,598 in total liabilities.


PETROQUEST ENERGY: Moody's Affirms 'B3' Corporate Family Rating
---------------------------------------------------------------
Moody's Investors Service affirmed PetroQuest Energy, Inc.'s B3
Corporate Family Rating and Probability of Default Rating and at
the same time assigned a Caa1 (LGD 4,69%) rating to PetroQuest's
proposed $150 million senior unsecured notes offering.  Moody's
also upgraded PetroQuest's Speculative Grade Liquidity rating to
SGL-2 from SGL-3.  The rating outlook is stable.  Proceeds from
the new notes offering will be used to fund a tender offer for its
$150 million senior notes due 2012 and for general corporate
purposes.

The B3 Corporate Family Rating affirmation reflects PetroQuest's
good liquidity profile, debt reduction efforts and success in
maintaining spending within cash flow.  The rating affirmation
also reflects the positive benefits from PetroQuest's joint
venture in the Woodford shale.  In addition, the ratings consider
the company's track record over the last few years to diversify
its portfolio mix away from the very short lived Gulf Coast basin
and the Gulf of Mexico shelf into longer lived unconventional
properties.

The B3 Corporate Family Rating remains restrained by the company's
small scale in terms of total proven developed reserves and
production, with a material degree of production concentration in
the Gulf Coast and Gulf of Mexico shelf.  The B3 rating also
reflects weak sequential production trends, high leverage, based
on debt to proved developed reserves, the weak natural gas price
environment and rising service costs.

The SGL-2 rating reflects PetroQuest's cash balances, undrawn
revolver, expectations that capital expenditures will be funded
out of cash flows, the extended maturity of its revolving credit
facility as a result of the proposed notes, and the cash flow
benefits of its joint venture in the Woodford Shale.

With daily production of approximately 13.6 thousand barrels of
oil equivalent in the second quarter of 2010 and approximately
15.5 million boe of proved developed producing reserves at
December 31, 2009, PetroQuest is one of the smaller E&P companies
that Moody's rates.  In addition, despite its diversification
efforts into longer lived properties, the Gulf Coast and Gulf of
Mexico shelf continue to account for about 46% of its production.

During 2009, management was focused on building liquidity,
including successfully maintaining capital spending below
internally generated cash flow and issuing approximately
$38 million in equity.  While these efforts helped to shore up the
company's liquidity and resulted in lower debt levels, it also
resulted in sequential production declines, which have continued
into the first half of 2010, and weak reserve replacement ratios.
Proved developed reserves declined in 2009 from 2008 levels.
However, large proven undeveloped reserve bookings, which will
require significant capital spending and face execution risk, did
help reduce finding and development costs.

Near-term sequential production trends and reserve replacement
should benefit from increased capital spending in the Woodford
Shale.  PetroQuest's Woodford Shale joint venture is expected to
result in increased production growth, improved leverage metrics
based on debt/production and lower F&D costs.  Given the
significant spending requirements PetroQuest faces with its high
level of proved undeveloped reserves (38% of reserves), the
partial drilling carry joint will help fund a portion of these
expenditures.  In addition, if certain performance metrics are
achieved, PetroQuest will benefit from additional cash proceeds,
further benefiting its liquidity profile.

The stable rating outlook assumes the company will limit material
increases in financial leverage, as measured on a debt/PD reserve
basis, successfully replace reserves at reasonable costs for the
B3 rating, and prudently manage its capital spending program given
lower natural gas prices.

While unlikely over the near-term, positive rating action over the
medium term would likely be a function of increased scale,
including a track record of consistent production and reserve
growth (with reserve additions balanced between proved developed
and undeveloped reserves) at competitive costs.  Acquisitions
funded with sufficient equity that add scale and durability to the
existing property base without materially pressuring leverage on
the proved developed reserve base could also be positive for the
ratings.

The ratings or outlook could be pressured if the company
experiences weakness in its liquidity profile, sequential
quarterly production trends were to materially decline, capital
productivity deteriorates or leverage on proved developed reserves
materially increases.

The last rating action on PetroQuest was on December 5, 2007, when
Moody's upgraded PetroQuest's Corporate Family and Probability of
Default Ratings to B3 from Caa1 and upgraded the rating on its
senior unsecured notes to Caa1 from Caa2.

PetroQuest Energy, Inc., is headquartered in Lafayette, Louisiana.


PRESENT IS PRESENT: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Present is Present of Las Cruces, LLC
        dba Days Inn and Suites
        dba Mesilla Valley Conference Center
        fdba Best Western Mesilla Valley Inn
        901 Avenida de Mesilla
        Las Cruces, NM 88005

Bankruptcy Case No.: 10-13967

Chapter 11 Petition Date: August 5, 2010

Court: United States Bankruptcy Court
       New Mexico (Albuquerque)

Judge: James S. Starzynski

Debtor's Counsel: R. Trey Arvizu, III, Esq.
                  ARVIZULAW.COM, LTD
                  P.O. Box 1479
                  Las Cruces, NM 88004-1479
                  Tel: (575) 527-8600
                  Fax: (575) 527-1199
                  E-mail: trey@arvizulaw.com

Estimated Assets: $0 to $50,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nmb10-13967.pdf

The petition was signed by Meunghee Joung, president.


PROJECT PLAYLIST: Files for Chapter 11 Bankruptcy Protection
------------------------------------------------------------
Project Playlist, Inc., doing business as Playlist.com, filed for
Chapter 11 on Aug. 6, 2010 (Bankr. C.D. Calif. Case No. 10-42927).
The Debtor estimated assets of $1 million to $10 million and debts
of $10 million to $50 million in its Chapter 11 petition.

Greg Sandoval at CNET News reports that Playlist.com filed for
Chapter 11 as the Company ran into financial trouble and was
searching for funding.  The Company faced a copyright lawsuit
flied by two major recording companies but the suit was settled
out of court.

Project Playlist provides an online service that allows users to
create and share music playlists.


PROJECT PLAYLIST: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Project Playlist, Inc.
          fdba Music America, Inc.
               Music America Records
               Projectplaylist.org
               Projectplaylist.com
          dba Playlist.com
          fdba Project Playlist
        9300 Wilshire Boulevard, Suite 200
        Beverly Hills, CA 90212

Bankruptcy Case No.: 10-42927

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Thomas B. Donovan

Debtor's Counsel: Mark S. Horoupian, Esq.
                  333 S. Hope Street, 35th Floor
                  Los Angeles, CA 90071-1406
                  Tel: (213) 626-2311
                  E-mail: mhoroupian@sulmeyerlaw.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $10,000,001 to $50,000,000

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                            Case No.   Petition Date
        ------                            --------   -------------
Playlist, Inc. a Delaware Corporation     10-42946      08/06/10
  Assets: $10,000,001 to $50,000,000
  Debts: $10,000,001 to $50,000,000

The petitions were signed by Robert Zangrillo, Chairman of the
Board.

A list of Project Playlist's 20 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/cacb10-42927.pdf

Playlist, Inc.'s List of seven Largest Unsecured Creditors:

        Entity                       Nature of Claim  Claim Amount
        ------                       ---------------  ------------
Universal Music Grp Recordings, Inc. Promissory Note   $16,644,267
2220 Colorado Avenue
Santa Monica, CA 90404

Atlantic Recording Corp.             Promissory Note    $4,143,093
Elektra Enter. Grp, Inc.
Warner Bros. Records Inc.
Warner Music, Inc.
Warner/Chappell Music, Inc.
75 Rockefeller Plaza
New York, NY 10019

EMI Music North America              Legal Fees         $2,103,080
150 5th Avenue
New York, NY 10011

Wilson Sonsini Goodrich & Rosati     Legal Fees           $412,180
650 Page Mill Road
Palo Alto, CA 94304

Quinn Emanuel, etc                   Legal Fees            $39,283

Alhambra & Sierra Springs, Inc.      Purchased services       $294
P.O. Box 660579
Dallas, TX 75266

Quist Valuation                      Purchased services       $182
2595 Canyon Boulevard, Suite 150
Boulder, CO 80302


QWEST COMMS: Files Quarterly Report on Form 10-Q With SEC
---------------------------------------------------------
Qwest Communications filed its quarterly report on Form 10-Q with
the Securities and Exchange Commission.

The Company's balance sheet at June 30, 2010, showed
$18.95 billion in total assets, $20.20 billion in total
liabilities, and stockholders' deficit of $1.24 billion.

As reported in the Troubled Company Reporter on Aug. 9, 2010, the
Company has announced that in the second quarter 2010, net income
was $158 million, compared with $212 million in the same period in
2009.  Earnings per share were 9 cents compared to 12 cents in the
second quarter 2009.  Second quarter consolidated net operating
revenues declined 5% compared to the second quarter 2009 and
declined 1% sequentially.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6800

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?684d

                           About Qwest

Based in Denver, Colorado, Qwest Communications (NYSE: Q) --
http://www.qwest.com/-- offers residential customers a new
generation of fiber-optic Internet service, high-speed Internet
solutions, as well as digital home phone, wireless service
available through Verizon Wireless and DIRECTV services.  Qwest is
also the choice of 95 percent of Fortune 500 companies, offering a
full suite of network, data and voice services for small
businesses, large businesses, government agencies and wholesale
customers.  Additionally, Qwest participates in Networx, the
largest communications services contract in the world, and is
recognized as a leader in the network services market by leading
technology industry analyst firms.

Qwest carries a 'Ba2' corporate family and probability of default
ratings from Moody's and has 'BB' issuer credit ratings from
Standard & Poor's.

"Our high debt levels pose risks to our viability and may make us
more vulnerable to adverse economic and competitive conditions, as
well as other adverse developments," the Company said in its Form
10-K for the year ended Dec. 31, 2009.  At Dec. 31, the Company's
consolidated debt was approximately $14.2 billion.  Approximately
$5.8 billion of its debt obligations come due over the next three
years.  This amount includes $1.265 billion of our 3.50%
Convertible Senior Notes due 2025, which it may elect to redeem at
any time on or after November 20, 2010 and holders may require the
Company to repurchase for cash on November 15, 2010.


RAAM GLOBAL: Moody's Assigns 'Caa1' Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service assigned first time ratings to RAAM
Global Energy Company in conjunction with its senior unsecured
notes offering.  The assigned ratings are a Caa1 Corporate Family
Rating, a Caa2 (LGD 4, 64%) rating to the senior unsecured notes,
and a Caa1 Probability of Default Rating.  The outlook is stable.

The proceeds from the new notes offering will be used to repay
borrowings under its existing revolving credit facility and to
partially fund development and drilling activities.

"The Caa1 reflects RAAM's small scale, high concentration risk,
and capital intensity of its property portfolio combined with
significantly higher leverage," said Ken Austin, Moody's Vice
President and Senior Credit Officer.  "The rating also considers
the company's aggressive capital spending plan that is focused on
complex geology, part of which his being funded with unsecured,
term debt."

Although RAAM has been able to grow its reserves and annual
production over the past several years, the company's scale
remains comparatively small to the rated E&P peer group.  Along
with this smaller scale is a high degree of concentration risk,
with a focus in areas that Moody's views as having fairly complex
geology which requires significant capital investments.  This type
of property profile leads to higher production volatility and any
variance in performance from any of the company's larger wells
would have a significant impact on total results.

In addition, the company's planned capital spending program
contains a large exploration focus, targeting large and in some
cases, very costly prospects.  Moody's views the risk profile of
this type of program as being disproportionate with the higher pro
forma debt, particularly given the small scale of the base
production.  The company plans on using a portion of the notes
offering to fund an aggressive drilling program, which Moody's
considers to have significant concentration and execution risk.
Although management has indicated that it will take measured
approach to this program, the risk to bondholders is still high
given the relatively small base production that would go to
support the debt.

Leverage on the proven developed reserves (based on 2009 year-end
reserves and debt) was $11.14/boe.  However, the company is
increasing debt by nearly 80%, pushing pro forma debt/PD reserves
to approximately $19.00/boe.  This level of leverage is on the
high end for the peer group, and is even higher when factoring in
that 40% of the PD reserves are not producing and would require
additional capital to get them to the producing phase.

RAAM's pro forma leverage on production of approximately
$20,000/boe (based on Q2'10 production) is nearly doubling from
year-end 2009 levels, but still compares favorably to the Caa peer
group.  However, this metric benefits from the flush production of
the Gulf of Mexico wells which possess high capital intensity as
evidenced by the company's PD reserve life of only 2.7 years, and
a PDP reserve life of only 1.5 years.  This production profile
requires significant capital and contains execution risk to
generate positive sequential quarterly production trends.

The Caa1 also considers the company's track record in establishing
production in some very complicated areas of the Gulf of Mexico as
well as its liquidity position, which provides some support for
its aggressive drilling program.  The company has been successful
in growing reserves and production over the past three years.

RAAM's liquidity position is currently adequate to cover most of
its cash needs over the next twelve months.  Pro forma for the
notes offering, the company will have approximately $140 million
of cash on hand, along with an amended senior secured revolving
credit facility with an expected borrowing base of $62.5 million
that will be undrawn at close.

This is a first time rating for RAAM Global Energy Company.

RAAM Global Energy Company is headquartered in Lexington,
Kentucky.


REDDY ICE: June 30 Balance Sheet Upside Down by $10.62MM
--------------------------------------------------------
Reddy Ice Holdings Inc. filed its quarterly report on Form 10-Q
with the Securities and Exchange Commission.

The Company's balance sheet for June 30, 2010, showed $507.05
million in total assets, $50.47 million in total current
liabilities, $450.63 million in total long-term obligations,
$16.56 million in deferred taxes and contingencies, and
stockholders' deficit of $10.62 million.

According to the Troubled Company Reporter on Aug. 10, 2010,
the Company announced in a news release that revenues for the
second quarter of 2010 were $104.2 million, compared to
$99.9 million in the same quarter of 2009.  The Company's net
income was $2.1 million in the second quarter of 2010, compared to
net income of $8.2 million in the same period of 2009.  Net income
per diluted share was $0.09 in the second quarter of 2010 compared
to net income per diluted share of $0.37 in the same period of
2009.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6821

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?685a

                        About Reddy Ice

Reddy Ice Holdings, Inc. -- http://www.reddyice.com/--
manufactures and distributes packaged ice in the United States.
The company serves variety of customers in 31 states and the
District of Columbia under the Reddy Ice brand name.

                          *     *     *

Reddy Ice carries 'B-' issuer credit ratings, with "negative"
outlook, from Standard & Poor's, and 'B2' corporate family and
probability default ratings, with "negative" outlook, from
Moody's.


REGAL ENTERTAINMENT: July 1 Balance Sheet Upside Down by $283MM
---------------------------------------------------------------
Regal Entertainment Group filed its quarterly report on Form 10-Q
with the Securities and Exchange Commission.

The Company's balance sheet at July 1 showed $2.575 billion in
total assets, including $225.1 million in cash and cash
equivalents, $2.859 billion in total liabilities, and total
deficit of $283.5 million.  At April 1, 2010, total deficit was at
$260.7 million.

As reported in the Troubled Company Reporter on Aug. 3, 2010, the
Company announced in an earnings release that total revenues for
the second quarter ended July 1, 2010 were $730.7 million compared
to total revenues of $789.2 million for the second quarter ended
July 2, 2009.  Net income attributable to controlling interest in
the second quarter of 2010, which included an $11.5 million after-
tax loss on debt extinguishment, was $4.8 million compared to
$40.5 million in the second quarter of 2009.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6776

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?684c

                  About Regal Entertainment Group

Based in Knoxville, Tennessee, Regal Entertainment Group (NYSE:
RGC) -- http://www.REGmovies.com/-- is the largest motion picture
exhibitor in the world.  Regal's theatre circuit, comprising Regal
Cinemas, United Artists Theatres and Edwards Theatres, operates
6,739 screens in 545 locations in 38 states and the District of
Columbia.  Regal operates theatres in 43 of the top 50 U.S.
designated market areas.

                           *     *     *

Regal Entertainment carries a 'B1' corporate family and
probability of default ratings from Moody's Investors Service.  In
April 2010, Moody's downgraded Regal's corporate family and PDR,
each to B1 from Ba3, and said that the rating action was prompted
by "gradually deteriorating coverage measures and, more
importantly, expectations that Regal will continue to record
relatively nominal levels of free cash flow."


REGAL ENTERTAINMENT: To Issue 2018 Notes to Repay 2011, 2012 Bonds
------------------------------------------------------------------
Regal Entertainment Group filed with the Securities and Exchange
Commission a FORM S-3 REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OF 1933 in connection with its planned offering of
$275 million principal amount of Senior Notes due 2018.  The notes
will mature in August 2018.  The Company proposes to pay interest
on the notes in arrears in February and August of each year,
beginning February 2011.  The Company has not set the interest
rate on the Notes.

Regal intends to use all of the net proceeds from the offering (i)
to redeem all of the outstanding $51.5 million aggregate principal
amount of Regal Cinemas' 9.375% senior subordinated notes due
2012, (ii) to repay or repurchase all of the outstanding $200.0
million aggregate principal amount of its 6.25% convertible senior
notes due 2011, (iii) to pay fees and expenses related to the
offering, and (iv) for general corporate purposes, which may
include the redemption, repayment or repurchase of other
indebtedness.  Interest on the 9.375% senior subordinated notes
accrues at a rate of 9.375% per annum, payable semi-annually in
arrears, and these notes mature on February 1, 2012.  Interest on
the 6.25% convertible senior notes accrues at a rate of 6.25% per
annum, payable semi-annually in arrears, and these notes mature on
March 15, 2011.

The underwriters to the offering are Credit Suisse Securities
(USA) LLC; Barclays Capital Inc.; Banc of America Securities LLC;
and Deutsche Bank Securities Inc.

As of July 1, 2010, REG had outstanding $200.0 million aggregate
principal amount of its 6.25% convertible senior notes due 2011,
and were a guarantor of the $400.0 million aggregate principal
amount of Regal Cinemas' 8.625% senior notes due 2019.

As of July 1, 2010, REG's subsidiaries had outstanding:

     $1.246 billion of debt under a senior credit facility with
                    Credit Suisse AG, Cayman Islands Branch, as
                    Administrative Agent;
      $51.5 million aggregate principal amount of Regal Cinemas'
                    9.375% senior subordinated notes due 2012;

     $400.0 million aggregate principal amount of Regal Cinemas'
                    8.625% senior notes due 2019;

      $73.6 million of lease financing arrangements;

      $16.0 million of Capital Lease Obligations; and

      $12.8 million of other long-term debt, but excluding
                    intercompany liabilities.

A full-text copy of the Registration Statement is available at no
charge at http://ResearchArchives.com/t/s?686b


                  About Regal Entertainment Group

Based in Knoxville, Tennessee, Regal Entertainment Group (NYSE:
RGC) -- http://www.REGmovies.com/-- is the largest motion picture
exhibitor in the world.  Regal's theatre circuit, comprising Regal
Cinemas, United Artists Theatres and Edwards Theatres, operates
6,739 screens in 545 locations in 38 states and the District of
Columbia.  Regal operates theatres in 43 of the top 50 U.S.
designated market areas.

As of July 1, 2010, Regal Entertainment had $2.575 billion in
total assets, including $225.1 million in cash and cash
equivalents, $2.858 billion in total liabilities, ($1.2) million
in non-controlling interest, and $283.5 million in total deficit.

                           *     *     *

Regal Entertainment carries a 'B1' corporate family and
probability of default ratings from Moody's Investors Service.  In
April 2010, Moody's downgraded Regal's corporate family and PDR,
each to 'B1' from 'Ba3', and said that the rating action was
prompted by "gradually deteriorating coverage measures and, more
importantly, expectations that Regal will continue to record
relatively nominal levels of free cash flow."


RITE AID: Moody's Assigns 'B3' Rating on $650 Mil. Senior Notes
---------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Rite Aid
Corporation's proposed $650 million senior secured first lien
notes due 2020.  All other ratings including the company's Caa2
Corporate Family Rating, Caa2 Probability of Default Rating, and
SGL-3 Speculative Grade Liquidity rating were affirmed.  The
rating outlook is stable.

The proceeds of the proposed $650 million senior secured notes
will be used to repay $648 million in outstanding borrowings under
Rite Aid's Tranche 4 Term Loan, plus a prepayment premium of 3%
and accrued and unpaid interest.  Following the repayment, the
Tranche 4 Term Loan will be retired and its B3 rating will be
withdrawn.

The Caa2 Corporate Family Rating reflects Rite Aid's highly
leveraged capital structure and heavy interest burden which
Moody's believe limits the company's ability to invest in capital
expenditures and working capital to the same extent as its
competitors.  For the latest twelve month period ending May 29,
2010, Rite Aid's unadjusted debt to EBITDA was 10.1 times and
EBITA to interest expense was 0.7 times.  The rating also reflects
Rite Aid's mid tier market position against two larger and better
capitalized competitors.  Positive ratings consideration is given
to the company's lack of near dated debt maturities, its adequate
liquidity, large revenue base, and the solid fundamentals of the
prescription drug industry.

The stable outlook reflects Moody's expectation that Rite Aid's
credit metrics will remain weak and not materially change over the
next eighteen months.  The stable outlook also anticipates that
Rite Aid's liquidity will remain adequate.

This rating is assigned:

* $650 million senior secured first lien notes at B3 (LGD 2, 26%)

These ratings are affirmed:

* Corporate Family Rating at Caa2
* Probability of Default Rating at Caa2
* First-lien bank facilities at B3 (LGD 2, 26%)
* First-lien senior secured notes at B3 (LGD 2, 26%)
* Second-lien secured notes at Caa2 (LGD 4, 57%)
* Guaranteed senior notes at Caa3 (LGD 5, 80%)
* Senior notes and debentures to Ca (LGD 6, 95%)
* Speculative Grade Liquidity Rating at SGL-3

The last rating action on Rite Aid was October 19, 2009, when its
senior secured second lien notes were assigned a Caa2 rating and
its Corporate Family Rating was affirmed at Caa2.

Rite Aid Corporation, headquartered in Camp Hill, Pennsylvania,
operates about 4,800 drug stores in 31 states and the District of
Columbia.  Annual revenues are about $26 billion.


RITE AID: S&P Assigns 'B+' Rating on $650 Mil. Senior Notes
-----------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B+' issue
rating and '1' recovery rating to Harrisburg, Pa.-based Rite Aid
Corp.'s proposed $650 million senior secured notes.  The '1'
recovery rating indicates S&P's expectation for very high (90-
100%) recovery in the event of a payment default.

At the same time, S&P affirmed all ratings on the company,
including the 'B-' corporate credit rating.  The outlook is
stable.

The company will use proceeds from the proposed note offering to
repay its existing $648 million tranche 4 term loan due 2015.  At
the same time, Rite Aid is seeking to amend and extend its
$1.175 billion revolving credit facility to 2015 from 2012.

"The ratings reflect the difficulties Rite Aid faces in improving
its well below average operating performance, especially amid
intense industry competition," said Standard & Poor's credit
analyst Ana Lai.  They also reflect the company's significant debt
burden and thin cash flow protection.


ROBERT DURHAM: Case Summary & 2 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Robert Durham Excavation, Inc.
        1376 Stoney Brook Circle
        Twin Falls, ID 83301

Bankruptcy Case No.: 10-41407

Chapter 11 Petition Date: August 5, 2010

Court: United States Bankruptcy Court
       District of Idaho (Twin Falls)

Judge: Jim D. Pappas

Debtor's Counsel: Joseph M. Meier, Esq.
                  COSHO HUMPREY, LLP
                  P.O. Box 9518
                  800 Park Blvd., Suite 790
                  Boise, ID 83707-9518
                  Tel: (208) 344-7811
                  Fax: (208) 338-3290
                  E-mail: jmeier@cosholaw.com

Scheduled Assets: $1,121,482

Scheduled Debts: $3,414,007

A list of the Company's two largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/idb10-41407.pdf

The petition was signed by Robert Durham, president.


RP SAM: Gets Interim OK to Use California Credit's Cash Collateral
------------------------------------------------------------------
RP Sam Houston Plaza, L.P., sought and obtained interim
authorization from the U.S. Bankruptcy Court for the Central
District of California to use the cash collateral of California
Credit Union, a California state chartered credit union.

The Debtor owns three office buildings in Houston, Texas located
at 507, 519, and 523 N. Sam Houston Parkway East, Houston, Texas
77060, which currently generates income in the form of rents which
constitute the cash collateral of California Credit.  The Debtor's
loan with California Credit has an outstanding principal balance
of $10,300,000 as of July 28, 2010.  The Debtor believes the value
of the Buildings is $14,000,000.

D. Edward Hays, Esq., at Marshack Hays LLP, explained that the
Debtor needs the money to fund its Chapter 11 case, pay suppliers
and other parties.  The Debtor will use the collateral pursuant to
a budget, a copy of which is available for free at:

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

In exchange for using the cash collateral, the Debtor will grant
the Lender replacement liens in the Debtor's post-petition assets
and proceeds thereof, to the same extent, validity, and priority
as the liens held by the Lender in cash collateral as of the
Petition Date.  The Lender will be further granted replacement
liens on unencumbered assets of the Debtor, excluding all
avoidance claims, with the same validity and priority as the liens
held by Lender as of the petition date, to the extent of the
Lender's cash collateral actually used by the Debtor


The Court has set a final hearing for August 24, 2010, at 2:00
p.m. on the Debtor's request to use cash collateral.

Rancho Cucamonga, California-based RP Sam Houston Plaza, L.P.,
filed for Chapter 11 bankruptcy protection on July 29, 2010
(Bankr. C.D. Calif. Case No. 10-33922).  D. Edward Hays, Esq., at
Marshack Hays LLP, assists the Debtor in its restructuring effort.
The Company estimated its assets and debts at $10 million to
$50 million in its Chapter 11 petition.


RP SAM: Wants Filing of Schedules Extended Until Aug. 20
--------------------------------------------------------
RP Sam Houston Plaza, L.P., asks the U.S. Bankruptcy Court for the
Central District of California to extend the deadline for the
filing of schedules of assets and liabilities, statement of
financial affairs, list of executor contracts and unexpired
leases, and creditor matrix for an additional eight days until
August 20, 2010.

The Debtor says that due to the complexity and size of its
business, it is unable to prepare and to file the Schedules within
the prescribed time, which is 15 days from the Petition Date.

Rancho Cucamonga, California-based RP Sam Houston Plaza, L.P.,
owns three office buildings in Houston, Texas located at 507, 519,
and 523 N. Sam Houston Parkway East, Houston, Texas 77060.

RP Sam filed for Chapter 11 bankruptcy protection on July 29, 2010
(Bankr. C.D. Calif. Case No. 10-33922).  D. Edward Hays, Esq., at
Marshack Hays LLP, serves as counsel to the Debtor.  The Company
estimated its assets and debts at $10 million to $50 million in
its Chapter 11 petition.


SELESKY & PASTERNAK: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Selesky & Pasternak Realty
          dba Avalon Village Apartments
        1301 101 Street
        Miami Beach, FL 33154

Bankruptcy Case No.: 10-18889

Chapter 11 Petition Date: August 5, 2010

Court: U.S. Bankruptcy Court
       Middle District of Florida (Tampa)

Judge: K. Rodney May

Debtor's Counsel: Scott A. Stichter, Esq.
                  STICHTER, RIEDEL, BLAIN & PROSSER
                  110 E. Madison Street, Suite 200
                  Tampa, FL 33602-4700
                  Tel: (813) 229-0144
                  Fax: (813) 229-1811
                  E-mail: sstichter.ecf@srbp.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $10,000,001 to $50,000,000

The Company did not file a list of creditors together with its
petition.

The petition was signed by Moises Selesky and Sicu Pasternak,
partners.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Selpas Spring Garden Apartments       10-18890            08/05/10


SELPAS SPRING: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Selpas Spring Garden Apartments
          dba Avalon Village Apartments
        1301 101 Street
        Miami Beach, FL 33154

Bankruptcy Case No.: 10-18890

Chapter 11 Petition Date: August 5, 2010

Court: U.S. Bankruptcy Court
       Middle District of Florida (Tampa)

Judge: K. Rodney May

Debtor's Counsel: Scott A. Stichter, Esq.
                  STICHTER, RIEDEL, BLAIN & PROSSER
                  110 E. Madison Street, Suite 200
                  Tampa, FL 33602-4700
                  Tel: (813) 229-0144
                  Fax: (813) 229-1811
                  E-mail: sstichter.ecf@srbp.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $10,000,001 to $50,000,000

The Company did not file a list of creditors together with its
petition.

The petition was signed by Moises Selesky and Sicu Pasternak,
partners.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Selesky & Pasternak Realty            10-18889            08/05/10


SIRIUS XM: Reports $15.27MM Net Income for Second Quarter
---------------------------------------------------------
Sirius XM Radio filed its quarterly report on Form 10-Q with the
Securities and Exchange Commission.

The Company reported net income of $15.27 million on
$699.76 million of revenue for the three months ended June 30,
2010, compared with a net loss of $159.64 million on $590.82
million of total revenues during the same period a year earlier.

The Company's balance sheet at June 30, 2010, showed $7.20 billion
in total assets, $7.02 billion in total liabilities, and
stockholders' equity of $180.42 million.

According to the Troubled Company Reporter on Aug. 9, 2010, the
Company announced via earnings release its reported second quarter
2010 financial and operating results, which include:

   * $705.6 million of adjusted revenue, up 16% over second
     quarter 2009 adjusted revenue of $607.8 million; and

   * $154.3 million in second quarter 2010 adjusted EBITDA, an
     increase of 17% over second quarter 2009 adjusted EBITDA of
     $132.2 million.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?684b

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6805

                       About Sirius XM Radio

Based in New York, Sirius XM Radio Inc. has two principal wholly
owned subsidiaries, XM Satellite Radio Holdings Inc. and Satellite
CD Radio Inc.  XM Satellite Radio Holdings Inc. owns XM Satellite
Radio Inc., the operating company for the XM satellite radio
service.  Satellite CD Radio Inc. owns the Federal Communications
Commission license associated with the SIRIUS satellite radio
service.  XM Satellite Radio Inc. owns XM Radio Inc., the holder
of the FCC license associated with the XM satellite radio service.

In July 2008, the Company's wholly owned subsidiary, Vernon Merger
Corporation, merged with and into XM Satellite Radio Holdings Inc.
and, as a result, XM Satellite Radio Holdings Inc. became Sirius'
wholly owned subsidiary.

                           *     *     *

Sirius carries (i) a 'B' corporate credit rating from Standard &
Poor's and (ii) 'Caa1' corporate family rating and 'B3'
probability of default rating from Moody's.


SOCKET MOBILE: Posts $575,000 Net Loss in Q2 Ended June 30
----------------------------------------------------------
Socket Mobile, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $575,762 on $3,654,107 of revenue for the
three months ended June 30, 2010, compared with a net loss of
$944,583 on $4,143,156 of revenue for the same period of 2009.

For the six months ended June 30, 2010, revenue was $7.5 million,
compared to $8.9 million in the year ago period.  Net loss was
$1.6 million, compared to a net loss of $1.7 million for the same
period one year ago.

The Company's balance sheet as of June 30, 2010, showed $11.4
million in total assets, $7.3 million in total liabilities, and
stockholders' equity of $4.1 million.

The Company failed to meet the minimum revenue covenant for the
quarter ended March 31, 2010, however, on May 12, 2010, the bank
agreed to waive the events of default and to replace the quarterly
minimum revenue requirements with quarterly net income targets for
the remaining quarters of fiscal 2010.  The Company failed to meet
the minimum quarterly net income target for the quarter ended
June 30, 2010. On August 5, 2010 the bank agreed to waive the
event of default and to revise the minimum quarterly net income
targets for the third and fourth quarters of 2010.  The other
financial covenants remain in effect.

"The Company's continuing operating losses, declines in its
working capital balances and the Company's failure to achieve the
revenue levels required to maintain compliance with its bank line
covenants are conditions that raise doubt about the Company's
ability to continue as a going concern."

A full-text copy of the Quarterly Report is available for free at:

       http://researcharchives.com/t/s?683f

Newark, Calif.-based Socket Mobile, Inc. Socket Mobile, Inc.
(NASDAQ: SCKT) -- http://www.socketmobile.com/-- is a producer of
mobile computing hardware systems serving business mobility
markets with an emphasis on healthcare and hospitality.  The
Company offers a family of handheld computer products and a wide
range of data collection products.  The Company also offers
embedded Bluetooth and wireless LAN products.

As reported in the Troubled Company Reporter on April 6, 2010,
Moss Adams LLP, in Santa Clara, Calif., expressed substantial
doubt about the Company's ability to continue as a going concern
after auditing the Company's financial statements for the year
ended December 31, 2009.  The independent auditors noted that the
Company has suffered continued operating losses, declines in
working capital balances and has failed to achieve the revenue
levels required to maintain compliance with bank line covenants.


SOUTH FINANCIAL: Posts $309.5 Million Net Loss in Q2 2010
---------------------------------------------------------
The South Financial Group, Inc. filed its quarterly report on Form
10-Q, reporting a net loss of $309.5 million for the three months
ended June 30, 2010, compared with a net loss of $89.7 million for
the same period of 2009.  Second quarter 2010 net interest income
decreased $16.4 million to $69.5 million from $85.9 million in the
comparable period of 2009.  Included in second quarter 2010
results is a goodwill impairment charge of $214.1 million related
to TSFG's Carolinas Banking segment and insurance operations.

TSFG's balance sheet as of June 30, 2010, showed $11.595 billion
in total assets, $10.978 billion in total liabilities, and
stockholders' equity of $616.8 million.

TSFG's banking subsidiary Carolina First Bank is currently
operating under a Consent Order with the Federal Deposit Insurance
Corporation and the South Carolina State Board of Financial
Institutions.  In addition, the Company has entered into a Written
Agreement (the "Fed Agreement") with the Board of Governors of the
Federal Reserve System.

The Consent Order (effective April 30, 2010) provides, among other
things, that within 120 days of entering into the Consent Order,
Carolina First Bank must increase its Tier 1 leverage ratio to 8%
and its total risk-based capital ratio to 12%.  The Fed Agreement
(effective May 4, 2010) provides, among other things, that except
upon consent of the Federal Reserve, the holding company may not
pay dividends to shareholders or receive dividends from Carolina
First Bank, and the holding company and its nonbank subsidiaries
may not make payments on trust preferred securities or
subordinated debt.

On May 16, 2010, TSFG entered into a definitive agreement with The
Toronto-Dominion Bank ("TD") providing for the merger of TSFG and
a wholly-owned subsidiary of TD.  Completion of the merger
requires, among other things, the approval of TSFG's shareholders
and customary regulatory approvals.  Although TSFG expects the
merger to occur in September 2010, there can be no assurance that
the merger will be consummated or, if consummated, when the merger
will occur.

If the merger is not consummated and if TSFG is otherwise unable
to raise capital, due to existing regulatory restrictions on cash
payments between Carolina First Bank and TSFG, TSFG may be unable
to continue as a going concern, and any continued independent
operation would likely depend upon the ability to raise additional
capital.  There can be no assurance that TSFG will be successful
in any efforts to raise such capital.

A full-text copy of the Quarterly Report is available for free at:

               http://researcharchives.com/t/s?686d

Greenville, S.C.-based The South Financial Group, Inc. (NASDAQ:
TSFG) -- http://www.thesouthgroup.com/-- is a bank holding
company focused on serving small businesses, middle market
companies, and retail customers in the Carolinas and Florida.  At
June 30, 2010, it had approximately $11.6 billion in total assets
and 176 branch offices.  TSFG operates Carolina First Bank, which
conducts banking operations in North Carolina and South Carolina
(as Carolina First Bank), and in Florida (as Mercantile Bank).  At
June 30, 2010, approximately 44% of TSFG's total customer deposits
were in South Carolina, 45% were in Florida, and 11% were in North
Carolina.


SOUTH FINANCIAL: To Issue 100 Shares of New Preferred Stock to TD
-----------------------------------------------------------------
On August 9, 2010, The South Financial Group, Inc. mailed a letter
to its shareholders relating to its intention to issue shares of
preferred stock to The Toronto-Dominion Bank in connection with
the merger agreement and share purchase agreement entered into by
TSFG and TD on May 16, 2010.  As detailed in the Shareholder
Letter, the shares of preferred stock are being issued to TD
without seeking the approval of TSFG's shareholders.

Pursuant to the share purchase agreement TSFG will issue and sell,
in consideration for 1,000 shares of TD common stock, 100 shares
of Preferred Stock, Series M, no par value per share, of TSFG
("Series M Preferred Stock"), which shares will represent in the
aggregate 39.9% of the voting power of TSFG's outstanding voting
securities after giving effect to the issuance.  TFSG says the
stock issuance was an essential component of, and a condition to,
TD's willingness to enter into the merger agreement, which in turn
is essential to maintaining TSFG's financial viability.

A copy of the Shareholder Letter is available for free at:

               http://researcharchives.com/t/s?686e

                 About The South Financial Group

Greenville, S.C.-based The South Financial Group, Inc. (NASDAQ:
TSFG) -- http://www.thesouthgroup.com/-- is a bank holding
company focused on serving small businesses, middle market
companies, and retail customers in the Carolinas and Florida.  At
June 30, 2010, it had approximately $11.6 billion in total assets
and 176 branch offices.  TSFG operates Carolina First Bank, which
conducts banking operations in North Carolina and South Carolina
(as Carolina First Bank), and in Florida (as Mercantile Bank).  At
June 30, 2010, approximately 44% of TSFG's total customer deposits
were in South Carolina, 45% were in Florida, and 11% were in North
Carolina.

TSFG's balance sheet as of June 30, 2010, showed $11.595 billion
in total assets, $10.978 billion in total liabilities, and
stockholders' equity of $616.8 million.

TSFG's banking subsidiary Carolina First Bank is currently
operating under a Consent Order with the Federal Deposit Insurance
Corporation and the South Carolina State Board of Financial
Institutions.  In addition, the Company has entered into a Written
Agreement (the "Fed Agreement") with the Board of Governors of the
Federal Reserve System.

The Consent Order (effective April 30, 2010) provides, among other
things, that within 120 days of entering into the Consent Order,
Carolina First Bank must increase its Tier 1 leverage ratio to 8%
and its total risk-based capital ratio to 12%.  The Fed Agreement
(effective May 4, 2010) provides, among other things, that except
upon consent of the Federal Reserve, the holding company may not
pay dividends to shareholders or receive dividends from Carolina
First Bank, and the holding company and its nonbank subsidiaries
may not make payments on trust preferred securities or
subordinated debt.

On May 16, 2010, TSFG entered into a definitive agreement with The
Toronto-Dominion Bank ("TD") providing for the merger of TSFG and
a wholly-owned subsidiary of TD.  Completion of the merger
requires, among other things, the approval of TSFG's shareholders
and customary regulatory approvals.  Although TSFG expects the
merger to occur in September 2010, there can be no assurance that
the merger will be consummated or, if consummated, when the merger
will occur.

If the merger is not consummated and if TSFG is otherwise unable
to raise capital, due to existing regulatory restrictions on cash
payments between Carolina First Bank and TSFG, TSFG may be unable
to continue as a going concern, and any continued independent
operation would likely depend upon the ability to raise additional
capital.  There can be no assurance that TSFG will be successful
in any efforts to raise such capital.


SPONGETECH DELIVERY: Kenneth Silverman OK'd as Chapter 11 Trustee
-----------------------------------------------------------------
The Hon. Arthur J. Gonzalez of the U.S. Bankruptcy Court for the
Southern District of New York approved the appointment of Kenneth
P. Silverman, Esq., as Chapter 11 trustee in the reorganization
case of Spongetech Delivery Systems, Inc., subsequent to
resignation of prior Chapter 11 trustee.

As reported in the Troubled Company Reporter on July 21, 2010,
Judge Stuart M. Bernstein authorized Tracy Hope Davis, the
Acting U.S. Trustee for Region 2, to appoint a trustee in the
Debtor's case.

The U.S. Trustee said that these are among numerous reasons why
the appointment of a Chapter 11 trustee is required:

     (1) allegations of securities fraud and obstruction of
         justice, resulting in the recent arrest of current
         management and a civil enforcement action by the
         Securities and Exchange Commission;

     (2) allegations raised at a hearing before the Bankruptcy
         Court in the Southern District of Georgia regarding a
         very recent diversion of at least $700,000 in cash for
         the personal benefit of the Debtor's current management
         from the Debtor's wholly-owned subsidiary, Dicon (which
         is itself in Chapter 11 in Georgia with an appointed
         trustee); and

     (3) the apparent forgery of an attorney's signature on the
         Debtor's bankruptcy petition by someone affiliated with
         current management.

The Debtor consented to the appointment of a Chapter 11 trustee.

Mr. Silverman is a "disinterested person" as that term is defined
in Section 101(14) of the Bankruptcy Code.

The Court also ordered that S. Gregory Hays is discharged of any
duties and responsibilities in the Debtor's case as Chapter 11
trustee.

               About Spongetech Delivery Systems Inc.

New York-based Spongetech Delivery Systems Inc., filed for Chapter
11 bankruptcy protection on July 9, 2010 (Bankr. S.D.N.Y. Case No.
10-13647).  Edward Neiger, Esq., at Neiger, LLP, assists the
Company in its restructuring effort.  The Company estimated
$10 million to $50 million in assets and $1 million to $10 million
in liabilities in its Chapter 11 petition.

The Company's affiliate, Dicon Technologies, LLC, filed a separate
Chapter 11 petition on June 24, 2010 (Case No. 10-41275).


STEPHEN DREHER: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Joint Debtors: Stephen Clifton Dreher
                 aka Steve Dreher
               Melinda Lee Dreher
               P.O. Box 400
               Worley, ID 83876

Bankruptcy Case No.: 10-21037

Chapter 11 Petition Date: August 5, 2010

Court: United States Bankruptcy Court
       District of Idaho (Coeur dAlene)

Judge: Terry L. Myers

Debtor's Counsel: David E. Eash, Esq.
                  2101 Lakewood Dr, Suite 236
                  Coeur d Alene, ID 83814
                  Tel: (208) 667-7990
                  Fax: (509) 838-4906
                  E-mail: deash@ewinganderson.com

Scheduled Assets: $2,590,066

Scheduled Debts: $3,184,494

A list of the Joint Debtors' 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/idb10-21037.pdf


TAGISH LAKE: New Pacific Offer Deemed Fair Value by Valuator
-----------------------------------------------------------
New Pacific Metals Corp. responded to the Tagish Lake Gold Corp.
Directors' Circular dated August 3, 2010 in connection with the
take-over bid by New Pacific to acquire all of the shares and all
proven secured and unsecured debt of the Company.

The Tagish Lake Board of Directors has not yet taken a position on
the New Pacific offer, but Evans & Evans, Inc., the independent
financial advisor to the Tagish Lake Special Committee, has
concluded that: the consideration to be paid for the Shares under
the New Pacific Offer is fair, from a financial point of view, to
the shareholders of the Tagish Lake.  Evans & Evans, Inc. is also
of the opinion that, given the scope of its engagement and the
terms of its engagement letter, the fair market value of 100% of
the issued and outstanding shares of Tagish as at July 15, 2010 is
in the range of $7,500,000 to $8,200,000.

If all Tagish Lake Shares outstanding were tendered to the Cash
Election of the New Pacific Offer, Tagish Lake shareholders would
receive approximately $8,640,000 - higher than the fair market
value of the Company as determined by the Special Committee's
independent valuator.

If all Tagish Lake Shares outstanding were tendered to the Share
Election of the Offer, based on the current market price of New
Pacific shares at $1.05 (which equates to $0.8631 per Tagish Lake
Share), Tagish Lake shareholders would receive New Pacific shares
having a current market value of approximately $12,430,000 - a 50%
premium over the highest fair market value placed on the Company
by the independent valuator.

The New Pacific Offer permits Tagish Lake shareholders, for each
Tagish Lake share tendered to the Offer to choose between:

a.  $0.06 per share in cash (the "Cash Election"); or

b.  0.0822 of a New Pacific share (the "Share Election"); or

c.  a combination of 50% in cash and 50% in New Pacific shares
    (the "Combined Election").

Tagish Lake shareholders who have not yet decided to tender to the
Offer should note the following:

-- New Pacific announced on July 27th, 2010, after the date of
    its takeover bid circular, that it had entered into an
    agreement to sell its Huaiji gold property for total
    consideration of $30.5 million.  Assuming successful
    completion of the sale, and together with funds currently on
    hand, New Pacific would have the equivalent of $1.10 in cash
    per share.  A "Notice Of Change to Offer to Purchase" has been
    filed and mailed to Tagish Lake shareholders on August 4, 2010
    providing details of the sale.  This monetization of New
    Pacific's asset makes it easier for Tagish Lake shareholders
    to evaluate the merits of accepting either the Cash Election
    or the Share Election, and further reinforces New Pacific's
    ability to finance the development of the Skukum project.

-- The recent increases in the stock price of Tagish Lake are
    solely as a result of the New Pacific Offer, in the absence of
    which Tagish Lake shares can be expected to return to lower
    historic trading prices.

-- The fair market value of Tagish Lake determined by the
    Independent valuator retained by the Special Committee of
    Tagish Lake is approximately 10 times the $811,375 value
    ascribed to Tagish Lake in the failed amalgamation proposed
    last year between Tagish Lake and YS Mining Company Inc.

In the Tagish Circular, the Tagish Lake Board of Directors also
notes the following important considerations for Tagish Lake
shareholders:

-- The New Pacific Offer is the only offer for the Shares and
    Debt outstanding at this time.

-- The proposal made by YS Mining on July 20, 2010 and revised on
    July 23, 2010, for the recapitalization of the Company has
    been withdrawn.

-- The Company is under Companies' Creditors Arrangement Act
    protection and needs funds to pay its creditors.

-- There can be no assurance of future liquidity opportunities
    for the Shares or Debt if the New Pacific Offer is not
    successful.

In addition to the foregoing, New Pacific notes that one of the
Special Committee's considerations in deciding not to make a
recommendation in respect of the New Pacific offer is that it is
of the view that YS Mining will either make a bid to acquire the
shares of Tagish Lake that it does not already own or will make a
proposal for the recapitalization of the Company.  This appears to
contradict YS Mining's own statement that it does not intend to
make a bid for the Company and that YS Mining has made and
withdrawn recapitalization proposals.  Instead, YS Mining has
advised the Special Committee that it intends to apply to the
British Columbia Securities Commission for a cease trade order in
respect of the New Pacific offer.  In the unlikely event of such
an application being successful it would deprive the holders of
Tagish Lake Shares and Tagish Lake Debt from obtaining the
benefits under the New Pacific Offer.

The Tagish Circular also describes a Shareholder Rights Plan (SRP)
approved by the Tagish Board on March 17, 2010, but not disclosed
to the market until July 8, 2010, after New Pacific had approached
the Tagish Lake board with a proposal for a friendly transaction.
The SRP, if not earlier terminated by the Tagish Board, will
automatically terminate if not approved by Shareholders on or
before September 14, 2010. (Tagish Lake has not held a
shareholders meeting since March 2007).  New Pacific may determine
to terminate the New Pacific Offer if the SRP is not withdrawn by
the Tagish Board in a timely manner.  In the absence of the New
Pacific Offer Tagish Lake will remain under the control of YS
Mining and it is likely that Tagish Lake shares will return to
lower historic trading prices.

The New Pacific Offer is open for acceptance until 8:00 pm
(Vancouver time) on September 2, 2010 unless it is extended or
withdrawn.  The New Pacific Offer, and the offer to Unsecured
Creditors, is subject to certain customary conditions including: a
minimum tender threshold of 66 2/3% of the Tagish Lake Shares,
receipt of all required regulatory approvals and third-party
consents, the absence of any material adverse change in Tagish
Lake; the absence of certain prohibited activities on the part of
Tagish Lake (including share issuances, material debt issuances,
acquisitions and dispositions) between the date hereof and the
expiry of the Offer; and no untrue statements or omissions in
Tagish Lake's public disclosure.  Tagish Lake shareholder and
holders of Tagish Lake Debt are urged to review the New Pacific
Offer and offering circular and to tender their Shares and Debt to
the New Pacific Offer.

Investors may obtain a free copy of the Circular and other
documents filed by New Pacific with the Canadian securities
regulators at http://www.sedar.com/ The Circular and other
documents may also be obtained for free from New Pacific's website
or by directing a request to New Pacific's investor relations
department by telephone at 1-888-224-1881, fax 604-669-9387 or e-
mail info@newpacificmetals.com or by contacting the Information
Agent, Kingsdale Shareholder Services Inc., toll free at 1-888-
518-6812.

Secured and Unsecured Creditors of Tagish Lake may obtain more
information by contacting New Pacific at the above phone numbers,
or by email to: debtinfo@newpacificmetals.com

                       About New Pacific Metals

New Pacific -- http://www.newpacificmetals.com/-- is engaged in
the exploration and development of mineral resources, gold-poly-
metallic projects in China and other jurisdictions.  New Pacific
has extensive experience in implementing high grade resource
development projects.

                           About Tagish Lake

Tagish Lake Gold Corp. explores for and develops high grade gold-
silver mineral deposits in the Yukon Territory of Canada.  The
Company is currently focused on its wholly owned, 178 km2 Skukum
Mineral District located 80 km by road south of Whitehorse.  The
Skukum Mineral District hosts the Skukum Creek gold-silver
deposit, the Goddell Gully and the Mt. Skukum gold deposits.

In May 2010, Tagish Lake commenced proceedings in the Supreme
Court of British Columbia pursuant to the Companies' Creditors
Arrangement Act (Canada).   Grant Thornton Limited was appointed
as the Monitor for the Company.


TEMBEC INDUSTRIES: Moody's Assigns 'B3' Rating on Senior Notes
--------------------------------------------------------------
Moody's Investors Service assigned Tembec Industries Inc. proposed
senior secured note offering a B3 rating and assigned the company
a corporate family rating of B3, and a liquidity rating of SGL-2.
The outlook is stable.

Tembec's B3 CFR reflects the company's significant exposure to the
highly volatile market pulp and wood products industry segments,
the company's exposure to the strength of the Canadian dollar as
well as the volatility of input costs.  Execution risks in
management's focus on cost reduction and asset-base
rationalization are also considered, including the potential for
significantly higher capital expenditures as the company attempts
to extract operational improvements from certain high-cost assets.
Factors supporting the rating include the company's good liquidity
position and the diversification provided by material operations
in several different sectors.  Despite the product diversity,
earnings and cash flow are expected to remain quite volatile given
the inherent volatility of the sectors that Tembec operates in.

The proposed notes are senior secured obligations of Tembec and
are rated B3, consistent with the corporate family rating.  The
proceeds from the proposed note offering (plus a portion of the
company's cash position) will be used to repay the company's
existing senior secured term loan.  The proposed notes and related
guarantees will be secured on a first priority basis by most of
the Canadian assets of the company and will have a second priority
lien on the current assets that currently secure the company's
asset-based revolving credit facility.

Tembec's SGL-2 rating reflects the company's good liquidity
position.  The company's liquidity is supported by approximately
CDN$60 million of cash (June 2010 pro forma for the anticipated
repayment of the company's existing senior secured term loan), net
availability of approximately CND$70 million on the company's
undrawn committed US$205 million asset-based revolving credit
facility (net of borrowing base eligibility, availability block
and approximately CND$35 million of letter of credit use) that
matures in December 2011 and CND$25 million from the company's
evergreen receivable factoring agreement.  Moody's estimates
modest internally generated cash flow over the next 12 months.
Covenant issues are not expected over the near term.

The stable rating outlook reflects Moody's expectation that Tembec
will be able to maintain adequate liquidity and sustain acceptable
credit protection metrics through the anticipated volatile
industry conditions.

Future upward migration for Tembec's rating would depend on a
sustained improvement in the company's financial performance.
Quantitatively, this could result if normalized RCF/TD and (RCF-
Capex)/TD measures approach 10% and 5%, respectively, on a
sustainable basis, while maintaining good liquidity.

Tembec's ratings could face downward ratings pressure if pulp
market conditions deteriorate suddenly leading to a significant
deterioration in liquidity arrangements.  Quantitatively, this
would occur if normalized (RCF-Capex)/TD measures drop below 0%.

Assignments:

Issuer: Tembec Industries Inc.

  -- Senior Secured Regular Bond/Debenture, Assigned a range of 44
     - LGD3 to B3

Reinstatements:

Issuer: Tembec Industries Inc.

  -- Probability of Default Rating, Reinstated to B3

  -- Speculative Grade Liquidity Rating, Reinstated to SGL-2

  -- Corporate Family Rating, Reinstated to B3

Outlook Actions:

Issuer: Tembec Industries Inc.

  -- Outlook, Changed To Stable From Rating Withdrawn

This is a new rating assignment to Tembec.  Ratings on the company
were withdrawn subsequent to the completion of the company's
recapitalization in February 2008.

Headquartered in Montreal, Quebec, Tembec is an integrated paper
and forest products company with operations primarily in Canada
and a mill in France.  The company's main operating segments
include market pulp, wood products and paper.


TENNESSEE TELEPHONE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Tennessee Telephone Service, LLC
        220 Creekside Drive
        Dickson, TN 37055

Bankruptcy Case No.: 10-08252

Chapter 11 Petition Date: August 4, 2010

Court: United States Bankruptcy Court
       Middle District of Tennessee (Nashville)

Judge: Keith M. Lundin

Debtor's Counsel: Phillip G. Young, Esq.
                  GARFINKLE, MCLEMORE & YOUNG, PLLC
                  22 Public Square, Suite 12
                  Columbia, TN 38401
                  Tel: (931) 381-0057
                  Fax: (931) 381-0058
                  E-mail: pyoung@gmylaw.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/prb10-07072.pdf

The petition was signed by Bart W. Howard, managing member.


THOMAS BANIS: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Joint Debtors: Thomas A. Banis
               Marie A. Dalkas-Banis
               18 Oak Court
               Orinda, CA 94563

Bankruptcy Case No.: 10-49004

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       Northern District of California (Oakland)

Judge: Leslie J. Tchaikovsky

Debtors' Counsel: Chris D. Kuhner, Esq.
                  KORNFIELD, NYBERG, BENDES AND KUHNER
                  1999 Harrison Street, #2675
                  Oakland, CA 94612
                  Tel: (510) 763-1000
                  E-mail: c.kuhner@kornfieldlaw.com

Scheduled Assets: $2,381,588

Scheduled Debts: $2,907,992

A list of the Joint Debtors' 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/canb10-49004.pdf


THOMAS DANT: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Joint Debtors: Thomas A. Dant
               Tonya R. Dant
               4508 Denali Cove
               Fort Wayne, IN 46845

Bankruptcy Case No.: 10-13490

Chapter 11 Petition Date: August 5, 2010

Court: United States Bankruptcy Court
       Northern District of Indiana (Fort Wayne Division)

Judge: Robert E. Grant

Debtor's Counsel: Daniel J. Skekloff, Esq.
                  Sarah Mustard Heil, Esq.
                  Scott T. Skekloff, Esq.
                  SKEKLOFF, ADELSPERGER & KLEVEN, LLP
                  927 South Harrison Street
                  Fort Wayne, IN 46802
                  Tel: (260) 407-7000
                  Fax: (260) 407-7137
                  E-mail: djs@sak-law.com
                          sheil@sak-law.com
                          sts@sak-law.com

Scheduled Assets: $433,515

Scheduled Debts: $1,180,322

A list of the Joint Debtors' 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/innb10-13490.pdf


TOMMY SALEHI: Case Summary & 18 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Tommy Salehi
        17819 Roscoe Boulevard
        Northridge, CA 91325

Bankruptcy Case No.: 10-19669

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Geraldine Mund

Debtor's Counsel: Philip D. Dapeer, Esq.
                  PHILIP DAPEER, A LAW CORPORATION
                  2625 Townsgate Road, Suite 330
                  Westlake Village, CA 91361
                  Tel: (323) 954-9144
                  Fax: (323) 954-0457

Scheduled Assets: $1,438,400

Scheduled Debts: $3,015,565

A list of the Debtor's 18 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-19669.pdf


UNIVERSAL BUILDING: Organizational Meeting Set for Aug. 13
----------------------------------------------------------
Roberta A. DeAngelis, Acting United States Trustee for Region 3,
will hold an organizational meeting on August 13, 2010, at
10:00 a.m. in the bankruptcy case of Universal Building Products,
Inc., et al.  The meeting will be held at J. Caleb Boggs Federal
Building, 844 King Street, Room 2112, Wilmington, DE 19801.

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

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

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

Westminster, California-based Universal Building Products, Inc.,
dba UBP, filed for Chapter 11 bankruptcy protection on August 3,
2010 (Bankr. D. Del. Case No. 10-12453).  Mark Minuti, Esq.;
MaryJo Bellew, Esq.; and Teresa K.D. Currier, Esq., at Saul Ewing
LLP, assists the Debtor in its restructuring effort.  The Debtor
estimated its assets at $1,000,001 to $10,000,000 and debts at
$10,000,001 to $50,000,000.

The Debtor's affiliates Accubrace, Inc. (Case No. 10-12454), Don
De Cristo Concrete Accessories, Inc. (Case No. 10-12455), Form-Co,
Inc. (Case No. 10-12456), and Universal Form Clamp, Inc. (Case No.
10-12457), filed separate Chapter 11 petitions on August 4, 2010.
Accubrace estimated its assets at $500,001 to $1 million and debts
at $10 million to $50 million.


USEC INC: Mellor Exercises Option to Acquire 92,754 Shares
----------------------------------------------------------
James R. Mellor, a director at USEC Inc., disclosed that on
July 29, 2010, he acquired 92,754 shares of USEC common stock at
$4.3125 a share after exercising his stock options.  He raised his
stake to 410,435 shares.  The 92,754 shares include 91,777
restricted shares and 144,904 restricted stock units issued
pursuant to the Company's equity incentive plan.

As of July 15, 2010, there were 114,190,954 shares of Common Stock
issued and outstanding.

                          About USEC Inc.

Headquartered in Bethesda, Maryland, USEC Inc. (NYSE: USU) --
http://www.usec.com/-- supplies enriched uranium fuel for
commercial nuclear power plants.

The Company's balance sheet at June 30, 2010, showed $3.6 billion
in total assets, $1.2 billion in total current liabilities, $556.0
million in other long-term liabilities, and stockholders' equity
of $1.2 billion.

                           *     *     *

USEC Inc. carries 'Caa1' corporate and probability of default
ratings, with "developing" outlook, from Moody's, and 'CCC+' long
term foreign issuer credit rating and 'CCC-' long term local
issuer credit rating, with outlook "developing", from Standard &
Poor's.

In May 2010, S&P said that its rating and outlook on USEC Inc. are
not affected by the announcement that Toshiba Corp. and Babcock &
Wilcox Investment Co., an affiliate of The Babcock & Wilcox Co.,
have signed a definitive investment agreement for $200 million
with USEC.


UTSTARCOM INC: Reports $8.96-Mil. Loss for Second Quarter
---------------------------------------------------------
UTStarcom Inc. filed its quarterly report on Form 10-Q with the
Securities and Exchange Commission.

The Company's balance sheet at June 30, 2010, showed
$813.29 million in total assets, $576.25 million in total
liabilities, and $237.03 million in stockholders' equity.

The Company incurred a net loss of $8.96 million on $73.16 million
of net sales for the second quarter ended June 30, 2010, compared
with a net loss of $84.30 million on $80.16 million of net sales
during the same period in 2009.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?684a

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6803

                       About UTStarcom, Inc.

UTStarcom, Inc. (Nasdaq: UTSI) -- http://www.utstar.com/-- is a
global leader in IP-based, end-to-end networking solutions and
international service and support.  The Company sells its
solutions to operators in both emerging and established
telecommunications markets around the world.  UTStarcom enables
its customers to rapidly deploy revenue-generating access services
using their existing infrastructure, while providing a migration
path to cost-efficient, end-to-end IP networks.  The Company was
founded in 1991 and is headquartered in Alameda, California.

The Company's balance sheet at June 30, 2010, showed
$813.29 million in total assets, $576.25 million in total
liabilities, and stockholders' equity of $237.03 million.

                           *     *     *

In its Form 10-K, the Company noted that it has recorded operating
losses in 19 of the 20 consecutive quarters in the period ended
December 31, 2009.  At December 31, 2009, the Company had an
accumulated deficit of $1.067 billion.  While operating results
are expected to improve in 2010 compared with prior years,
management expects the Company to continue to incur losses in
2010.


WEBMEDIABRANDS INC: Fails Nasdaq's Min. Bid Price Requirement
-------------------------------------------------------------
WebMediaBrands Inc. disclosed that on August 6, 2010, it received
a notice from the Nasdaq Stock Market indicating that it no longer
complies with the requirements of Nasdaq Marketplace Rule
5450(a)(1) for continued listing on the Nasdaq Global Market.  The
rule requires that shares of WebMediaBrands's stock maintain a
minimum bid price of $1.00 per share.

WebMediaBrands has 180 calendar days, or until February 2, 2011,
in which to regain compliance with the listing requirement.  If
WebMediaBrands does not regain compliance prior to the expiration
of the 180-day grace period, Nasdaq will provide written notice
that WebMediaBrands's securities are subject to delisting.
Alternatively, WebMediaBrands may be eligible for an additional
180-day grace period if it meets the initial listing standards,
with the exception of bid price, for the Nasdaq Capital Market. To
avail itself of this option, WebMediaBrands will need to submit an
application to transfer its securities to the Nasdaq Capital
Market.

                      About WebMediaBrands

WebMediaBrands Inc. is an Internet media company that provides
content, education, trade shows and online job board services to
media and business professionals.


WESTERN REFINING: S&P Gives Stable Outlook, Affirms 'B' Rating
--------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on refiner
Western Refining Inc. to stable from negative.  S&P affirmed the
'B' corporate credit rating.  At the same time, S&P placed
Western's 'B' senior secured issue-level rating on CreditWatch
with negative implications.

"The outlook revision reflects S&P's belief that conditions have
improved somewhat from apparent trough levels reached in late 2009
and early 2010 in Western's core southwest refineries [El Paso and
Gallup]," said Standard & Poor's credit analyst Marc Bromberg.
Industry indicators, such as the light-heavy differential and
gasoline and diesel margins, have rebounded moderately and demand
in key Southwest markets (i.e., Phoenix) has picked up over the
last several months.  Nevertheless, S&P views the poor refining
environment as long-lasting, perhaps as long as several years, due
to overcapacity in the refining sector, leading to low utilization
rates and weak margins relative to historical levels.  Given
Western's currently high leverage and the challenges the sector
faces, S&P remains concerned about Western's high fixed spending
requirements, which will total roughly $250 million ($100 million
in capital spending and about $150 million in interest) in 2010.

S&P placed the 'B' rating on Western's senior secured notes on
CreditWatch with negative implications as a result of several
factors.  These consist of a revised approach to S&P's default
scenario on Western because the announcement revealed that, in a
distressed environment, Western would close the refinery and
utilize it as a terminal and to review the implications in S&P's
recovery analysis of any negotiated contract associated with the
terminal.  S&P expects the company to negotiate contract terms by
the end of the year.  Also as part of S&P's recovery analysis, S&P
will evaluate the impact of a permanently idled Yorktown facility
and subsequent inventory liquidation, on the borrowing based
revolving credit facility.

S&P views Western's decision to suspend operations at its
unprofitable Yorktown facility and operate it as a terminal
favorably.  The East Coast refinery has been plagued by low
utilization rates, narrow light-heavy differentials, and weak
margins over the last several years.  Western intends to convert
Yorktown during the third quarter at a one-time charge of
$13 million, related to shut-down costs.  Yorktown will remain
"warm-stacked", and Western could bring it back up if conditions
in the east coast improve materially, but S&P considers this
unlikely.

The stable outlook reflects S&P's expectation that Western will
maintain adequate liquidity despite potential volatility in
refining margins.  S&P expects that the company will use excess
cash flow or asset sales to reduce debt.  S&P considers minimum
liquidity for the current rating to be $200 million and expect the
company to reduce last-12-months leverage to around 5x by early
2011.

Although the industry appears to be stabilizing, S&P expects that
Western will continue to face a very difficult operating
environment.  As a result, S&P does not expect a positive rating
action in the near term given the uncertain outlook for refining
margins combined with Western's continued high debt burden and
substantial fixed spending requirement.


WEXFORD DEVELOPMENT: Case Summary & 8 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Wexford Development, LLC
        815 Wexford Drive
        Lafayette, IN 47905

Bankruptcy Case No.: 10-40801

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       Northern District of Indiana (Hammond Division at
       Lafayette)

Judge: Robert E. Grant

Debtor's Counsel: David R. Krebs, Esq.
                  101 West Ohio Street, Suite 2100
                  Indianapolis, IN 46204
                  Tel: (317) 262-1001
                  E-mail: drk@hostetler-kowalik.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $10,000,001 to $50,000,000

A list of the Company's eight largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/innb10-40801.pdf

The petition was signed by Douglas R. Mennen, member.


WILLIAM STRAIN: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Joint Debtors: William E. Strain
               Alice D. Strain
               948 Brushy Nob Trail
               Mountain Home, AR 72653

Bankruptcy Case No.: 10-74120

Chapter 11 Petition Date: August 6, 2010

Court: U.S. Bankruptcy Court
       Western District of Arkansas (Harrison)

Judge: Ben T. Barry

Debtors' Counsel: Frederick S. Wetzel, III, Esq.
                  FREDERICK S. WETZEL, P.A.
                  200 North State Street, Suite 200
                  Little Rock, AR 72201
                  Tel: (501) 663-0535
                  Fax: (501) 372-1550
                  E-mail: frederickwetzel@sbcglobal.net

Estimated Assets: $500,001 to $1,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Joint Debtors' 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/arwb10-74120.pdf


WINALTA INC: CCAA Stay Period Extended Until Aug. 31
----------------------------------------------------
Winalta Inc. disclosed that the Court of Queen's Bench of Alberta,
Judicial Centre of Edmonton has granted an extension, until August
31, 2010, of the initial Order granted on April 26, 2010 pursuant
to which Winalta was granted creditor protection under the
Companies' Creditors Arrangement Act.  The extension was supported
by Deloitte & Touche, Inc., the Court-appointed Monitor of
Winalta's CCAA process and was not objected to by counsel to
Winalta's secured creditor, HSBC Bank of Canada.

The Court has approved the sale of the Acheson facility and lands.
As a result of this sale, Winalta will receive $12,300,000. The
completion of this transaction is expected to occur on September
7, 2010.

The Court has also approved the sale of the three Drayton Valley
Gravel pit leases.  As a result of this sale, Winalta will receive
$1,600,000.  The completion of this transaction is expected to
occur on October 6, 2010.

The proceeds from both these sales will be used and applied to
HSBC outstanding balances and $36,000 will be held in trust
pending settlement of CRA issue and then paid out to CRA or HSBC.

                      About Winalta Inc

Winalta Inc. is an integrated company with three main operating
divisions, Homes, Industrial, and Manufacturing.  The Homes
Division sells CSA approved homes via retail centers, communities
and supply arrangements.  The Oilfield Division leases portable
industrial accommodations and catering services to the energy
sector.


W.R. GRACE: Adv. Cases Reopened to Allow Fee Applications
---------------------------------------------------------
At W.R. Grace's behest, U.S. Bankruptcy Judge Judith Fitzgerald
re-opened (i) Adversary Proceeding No. 02-2210 styled (i) Official
Committee of Asbestos Personal Injury Claimants, et al. v. Sealed
Air Corporation and Cryovac, Inc., et al.; and (ii) Adversary
Proceeding No. 02-2211 styled Official Committee of Asbestos
Personal Injury Claimants, el al, vs. Fresenius Medical Care
Holdings, Inc., et al., in order to:

  -- permit the filing of certain remaining quarterly fee
     applications relating to the long since resolved and closed
     fraudulent conveyance Adversary Proceedings; and

  -- allow the payment of the remaining 20% holdbacks of legal
     fees owed to certain professionals in those Proceedings.

The Debtors noted that they received no objections to their
request.

In another request, the Debtors asked the U.S. District Court for
the District of Delaware to refer the portions of the Adversary
Proceedings, which may remain in the District Court back to the
Bankruptcy Court.  Referring jurisdiction of the Proceedings to
the Bankruptcy Court will allow it to rule on the payment of
remaining Legal Fees owed to certain professionals.

To recall, the Adversary Proceedings were commenced in March 2002.
In November 2002, the Adversary Proceedings were settled in
principal.  However, due to the complex nature of the settlements,
the settlement of the Fresenius Adversary Proceeding was not
approved until June 25, 2003.  Similarly, the settlement of the
Sealed Air Adversary Proceeding was not approved until June 27,
2005.

District Judge Wolin withdrew in July 2002 the reference from the
Bankruptcy Court over the determination of the fees and expenses
incurred in the Adversary Proceedings.  Thereafter, pursuant to an
administrative fee order entered in the Bankruptcy cases, the
professionals periodically filed and were paid fees and expenses.

When District Judge Alfred Wolin was recused and on January 13,
2005, the District Court referred "the Sealed Air Settlement
Motion . . . and any related pleadings" to the Bankruptcy Court.
However, the District Court did not address referral of the
professional fees that had been or would continue to be incurred
in the Adversary Proceedings.

Due to the Adversary Proceeding Settlements, the recusal of Judge
Wolin, and the transfer of the Sealed Air matters back to the
Bankruptcy Court, many of the fee applications filed by the
professionals in the Adversary Proceedings were never acted upon.
While the Debtors paid the 80% in fees and 100% in expenses owed
to the professionals, as permitted by the District Court, the fee
applications and payment of the 20% holdbacks were not approved,
Laura Davis Jones, Esq., at Pachulski Stang Ziehl & Jones LLP, in
Wilmington, Delaware, relates.

Accordingly, professionals who have outstanding fees owed from the
Adversary Proceedings filed requests in the Debtors' Chapter 11
cases seeking allowance of their fees and reimbursement of their
expenses for services relating to the Adversary Proceeding.  The
Bankruptcy Court, however, dismissed the Fee Applications,
pointing out that (i) they were not filed in the Adversary
Proceedings and the Adversary Proceedings were closed in 2005; and
(ii) the reference with respect to the Fee Applications was
withdrawn by the District Court.

According to Ms. Jones, the Debtors recently conducted an audit of
their books and records with respect to their payment of fees and
expenses to all of the professionals retained in the Chapter 11
cases.  As a result of that audit, the Debtors discovered that
there still remain fee applications from the Adversary Proceedings
that have not been approved by the court and holdbacks that have
not been, thus, paid.

There is no doubt that the Bankruptcy Court is the appropriate
Court to rule on the remaining fees for professionals' services
which relate to the Adversary Proceedings, Ms. Jones asserts.

                         About W.R. Grace

Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.

The Company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).
David M. Bernick, P.C., Esq., at Kirkland & Ellis, LLP, and Laura
Davis Jones, Esq., at Pachulski Stang Ziehl & Jones, LLP,
represent the Debtors in their restructuring effort.  The Debtors
hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.  Stroock &
Stroock & Lavan, LLP, and Duane Morris, LLP, represent the
Official Committee of Unsecured Creditors.  The Creditors
Committee tapped Capstone Corporate Recovery LLC for financial
advice.  David T. Austern, the legal representative of future
asbestos personal injury claimants, is represented by Orrick
Herrington & Sutcliffe LLP and Phillips Goldman & Spence, PA.
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, and Marla
R. Eskin, Esq., at Campbell & Levine, LLC, represent the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee of Property Damage Claimants tapped Scott Baena, Esq.,
and Jay M. Sakalo, Esq., at Bilzin Sumberg Baena Price & Axelrod,
LLP, to represent it.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel, LLP, represents the Official Committee of
Equity Security Holders.

W.R. Grace and its debtor affiliates, with the support of the
Official Committee of Asbestos Personal Injury Claimants, the
Asbestos PI Future Claimants' Representative and the Official
Committee of Equity Security Holders, have submitted a proposed
Chapter 11 plan of reorganization.  The Chapter 11 plan is built
around an April 2008 settlement for all present and future
asbestos personal injury claims, and a subsequent settlement for
asbestos property damage claims.  The Plan confirmation hearing
wrapped up on January 25.

Bankruptcy Creditors' Service, Inc., publishes W.R. Grace
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by W.R. Grace, W.R. Grace Co. - Conn. and their
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


W.R. GRACE: Settles TIG Insurance Coverage Disputes
---------------------------------------------------
TIG Insurance Company, formerly known as Transamerica Insurance
Company, issued a policy of excess liability insurance that
provides, or is alleged to provide, insurance coverage to W.R.
Grace and its affiliates, which covers the policy period
June 30, 1984 to June 30, 1985.  The Subject Insurance Policy
attaches at $25 million and has an aggregate policy limit of
$4 million for the products liability hazard.

Grace has incurred and may incur in the future certain
liabilities, expenses and losses arising out of alleged bodily
injury arising out of exposure to asbestos or asbestos-containing
materials, for which Grace seeks coverage under the Subject
Insurance Policy.  Disputes have arisen between Grace and TIG
regarding their respective rights and obligations under the
Subject Insurance Policy.

Prior to the Petition Date, Grace and TIG entered into an Asbestos
Bodily Injury Settlement Agreement dated July 18, 2000, that
provided a mechanism for reimbursement by TIG to Grace for Defense
Costs and Indemnity Payments with respect to certain asbestos-
related bodily injury claims that fall within the scope of the
products liability hazard of the Subject Insurance Policy.

As of the Petition Date, $3,998,051 of aggregate policy limits for
products liability coverage remained available pursuant to the
2000 Agreement, Laura Davis Jones, Esq., at Pachulski Stang Ziehl
& Jones LLP, in Wilmington, Delaware, notes.

Grace's Joint Chapter 11 Plan of Reorganization, as amended,
contemplates that:

  * Asbestos Personal Injury Claims will be enjoined and
    channeled to the Asbestos PI Trust, and the Trust will
    process and resolve Asbestos PI Claims pursuant to the
    Asbestos PI Trust Distribution Procedures; and

  * Asbestos Insurance Rights, including the rights to proceeds
    under Asbestos Insurance Reimbursement Agreements --
    including under the 2000 Agreement -- are to be transferred
    to the Trust, to be used to fund payment of Asbestos PI
    Claims.

TIG has filed objections to the Plan on various grounds.

Pursuant to Rule 9019 of the Federal Rules of Bankruptcy
Procedure, the Debtors and TIG entered into an Amended and
Restated Asbestos Bodily Injury Settlement Agreement.  The Amended
Agreement purports to resolve the issues by providing, among other
things, that:

  (a) The benefit of the bargain negotiated by Grace and TIG in
      the 2000 Agreement is made available to the Trust without
      the need for litigation to enforce either the transfer of
      the 2000 Agreement by Grace to the Trust or the specific
      terms of the 2000 Agreement.

  (b) The full unexhausted remaining limits of the Subject
      Insurance Policy subject to the 2000 Agreement, at
      $3,998,051 are made available to reimburse the Trust for
      payments made to Asbestos PI Claimants with respect to
      Asbestos PI Claims.

  (c) The Amended Agreement amends and restates the 2000
      Agreement, enabling the processing and payment of claims
      by the Trust under the Trust Distribution Procedures to be
      compliant with the 2000 Agreement, as amended and
      restated.

  (d) The Amended Agreement represents a compromise of defenses
      that TIG might have with respect to any individual
      Asbestos PI Claim.

  (e) Upon the Court's final approval of the Amended Agreement
      TIG will withdraw all objections to confirmation of the
      Plan.

  (f) Neither the 2000 Agreement nor the Amended Agreement
      releases TTG from claims that are not within the scope of
      the products liability hazard of the Subject Insurance
      Policy.

The Parties ask the Court to approve the Settlement.

                         About W.R. Grace

Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.

The Company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).
David M. Bernick, P.C., Esq., at Kirkland & Ellis, LLP, and Laura
Davis Jones, Esq., at Pachulski Stang Ziehl & Jones, LLP,
represent the Debtors in their restructuring effort.  The Debtors
hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.  Stroock &
Stroock & Lavan, LLP, and Duane Morris, LLP, represent the
Official Committee of Unsecured Creditors.  The Creditors
Committee tapped Capstone Corporate Recovery LLC for financial
advice.  David T. Austern, the legal representative of future
asbestos personal injury claimants, is represented by Orrick
Herrington & Sutcliffe LLP and Phillips Goldman & Spence, PA.
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, and Marla
R. Eskin, Esq., at Campbell & Levine, LLC, represent the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee of Property Damage Claimants tapped Scott Baena, Esq.,
and Jay M. Sakalo, Esq., at Bilzin Sumberg Baena Price & Axelrod,
LLP, to represent it.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel, LLP, represents the Official Committee of
Equity Security Holders.

W.R. Grace and its debtor affiliates, with the support of the
Official Committee of Asbestos Personal Injury Claimants, the
Asbestos PI Future Claimants' Representative and the Official
Committee of Equity Security Holders, have submitted a proposed
Chapter 11 plan of reorganization.  The Chapter 11 plan is built
around an April 2008 settlement for all present and future
asbestos personal injury claims, and a subsequent settlement for
asbestos property damage claims.  The Plan confirmation hearing
wrapped up on January 25.

Bankruptcy Creditors' Service, Inc., publishes W.R. Grace
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by W.R. Grace, W.R. Grace Co. - Conn. and their
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


W.R. GRACE: Targets Exit From Chapter 11 by End of Year
-------------------------------------------------------
W.R. Grace executives are confident the company would exit from
Chapter 11 by the fourth quarter of 2010.

In a conference call held last July 22, the first since the
chemical company filed for protection under Chapter 11, Grace
chairman and chief executive officer Fred Festa said he remains
"highly confident that the court will issue an order confirming
our plan."

Grace is awaiting approval of its Plan of Reorganization after
Judge Judith Fitzgerald of the U.S. Bankruptcy Court for the
District of Delaware heard closing arguments on the plan in
January this year.

The Plan, jointly proposed by Grace and its debtor affiliates, the
Official Committee of Equity Security Holders, the Official
Committee of Asbestos Personal Injury Claimants and the official
Committee of Asbestos Property Damage Claimants, revolves around
an April 2008 multi-billion-dollar settlement of Grace's asbestos-
related liabilities.

During the course of the plan confirmation hearing, a debate arose
on how much interest is due to Grace's loans when it emerges from
bankruptcy.  Grace argued that investors who bought $500 million
in bank loans should be paid about $350 million in interest, in
addition to payment in full on the principal.  The holders of
Grace's bank loan, however, want nearly $100 million more than
Grace is offering, and contended Grace should not be allowed out
of bankruptcy until it pays them.

In April this year, Grace pushed for the approval of its Plan.
Theodore L. Freedman, Esq., at Kirkland & Ellis LLP, in New York,
on behalf of Grace, told Judge Fitzgerald during a hearing held
April 12, 2010, that the Company "has likely reached the end of
the line when it comes to clearing away Chapter 11 plan objections
by way of settlement."

The Plan, filed on September 19, 2008, has been amended several
times, mostly to include settlements with parties-in- interest
that have filed wide-ranging oppositions to the Plan.

In the July 22 investor call, Mr. Festa disclosed that he has no
information to forecast the timing of the plan confirmation order
but stated that the company is spending the time preparing for
emergence, so that it may "exit as soon as it can."

                         Financial Targets

Grace executives also released a presentation outlining financial
targets through 2013, including annual sales growth of 8%-10%/year
and company-wide adjusted EBITDA margins of 20%.

Mr. Festa said in a Form 10-Q filed with the U.S. Securities and
Exchange Commission on August 5 that Grace intends to seek a
$200 million revolving credit facility in connection with its exit
financing.  Goldman Sachs and Deutsche Bank have been selected as
its lead lenders and, in February 2010, the company entered into
engagement letters with these banks.  In preparation for
emergence, Mr. Festa recalled that in 2009 the company repatriated
approximately $173 million from its non-US subsidiaries to fund
payment of bankruptcy claims.  In addition, its principal U.S.
subsidiary holds a loan of approximately $303.4 million from a
foreign subsidiary.  Mr. Festa said all or a substantial portion
of this loan will be repaid at the time of the company's
emergence.

On March 2, 2010, Grace terminated its debtor-in-possession
facility and replaced it with a $100 million cash-collateralized
letter of credit facility to support existing and new financial
assurances.  The terminated DIP facility also provided credit
support for foreign currency and commodity derivatives, Mr.
Festa said.  The asset backed arrangement of the DIP facility
is now replaced with cash collateral accounts which secure the
obligations arising from letters of credit, foreign currency
and commodity transactions.  At June 30, 2010, Grace held
$81.5 million in restricted cash and cash equivalents primarily
to support this facility.  At emergence, the company expects to
replace the cash-collateralized letter of credit facility with a
revolving credit facility and to use the restricted cash to reduce
its exit financing requirements.

Grace's financial presentation filed with the SEC is available
at http://ResearchArchives.com/t/s?6843

The Company is also planning an investor meeting for some time in
the fourth quarter 2010, the Chemweek Business Daily said, citing
a company spokesperson.

                      Company Stock Trading

The company's stock has continued to trade on the New York Stock
Exchange through bankruptcy.

"We believe Grace presents an intriguing mix of high-margin
businesses with strong cash flows," Chemweek quoted Laurence
Alexander, analyst with Jefferies & Co. (New York), as saying.
The company is "a layered recovery story with industrial chemicals
in 2010, construction chemicals in 2011-2012, and catalysts across
the cycle, as well as multiple near-term catalysts as the company
finally emerges from bankruptcy," Mr. Alexander continued.

Grace's stock is trading at $27.39 per share as of August 9, 2010,
4:01 p.m. (ET).

                         About W.R. Grace

Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.

The Company and its debtor-affiliates filed for Chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).
David M. Bernick, P.C., Esq., at Kirkland & Ellis, LLP, and Laura
Davis Jones, Esq., at Pachulski Stang Ziehl & Jones, LLP,
represent the Debtors in their restructuring effort.  The Debtors
hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.  Stroock &
Stroock & Lavan, LLP, and Duane Morris, LLP, represent the
Official Committee of Unsecured Creditors.  The Creditors
Committee tapped Capstone Corporate Recovery LLC for financial
advice.  David T. Austern, the legal representative of future
asbestos personal injury claimants, is represented by Orrick
Herrington & Sutcliffe LLP and Phillips Goldman & Spence, PA.
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, and Marla
R. Eskin, Esq., at Campbell & Levine, LLC, represent the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee of Property Damage Claimants tapped Scott Baena, Esq.,
and Jay M. Sakalo, Esq., at Bilzin Sumberg Baena Price & Axelrod,
LLP, to represent it.  Thomas Moers Mayer, Esq., at Kramer Levin
Naftalis & Frankel, LLP, represents the Official Committee of
Equity Security Holders.

W.R. Grace and its debtor affiliates, with the support of the
Official Committee of Asbestos Personal Injury Claimants, the
Asbestos PI Future Claimants' Representative and the Official
Committee of Equity Security Holders, have submitted a proposed
Chapter 11 plan of reorganization.  The Chapter 11 plan is built
around an April 2008 settlement for all present and future
asbestos personal injury claims, and a subsequent settlement for
asbestos property damage claims.  The Plan confirmation hearing
wrapped up on January 25.

Bankruptcy Creditors' Service, Inc., publishes W.R. Grace
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by W.R. Grace, W.R. Grace Co. - Conn. and their
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


WYLE SERVICES: Moody's Reviews 'B2' Corp. for Possible Downgrade
----------------------------------------------------------------
Moody's Investors Service has placed all ratings of Wyle Services
Corporation, including the B2 corporate family rating, under
review for possible downgrade.  The action follows Wyle's
announced definitive agreement to purchase CAS, Inc., a subsidiary
of ITT Corporation (Baa1/stable), for $235 million.  The company
plans to fund the transaction with $200 million of incremental
debt which may require a credit facility amendment or re-
financing.

The review will consider the transaction's impact on credit
metrics, capital structure, financial flexibility and business
profile.  Subject to regulatory approvals, a closing date in late
2010 has been targeted.

Ratings placed under review for possible downgrade are:

  -- Corporate family and probability of default, B2
  -- $25 million first lien revolver due 2015, Ba2 LGD2, 19%
  -- $95 million first lien term loan due 2016, Ba2 LGD2, 19%
  -- $175 million, 10.5% subordinated notes due 2018, B3 LGD5, 77%

Moody's last rating action on Wyle occurred March 17, 2010, when
the corporate family rating was upgraded to B2 from B3.

Wyle, Inc., headquartered in El Segundo, California, is a provider
of engineering and information technology services to the federal
government.  The company is majority owned by Court Square Capital
Partners.  Wyle, Inc. generated 2009 revenue of approximately
$760 million.


YRC WORLDWIDE: 98.7% of 5% Bondholders Exercise Put Option
----------------------------------------------------------
The right of holders of YRC Worldwide Inc.'s 5% Net Share Settled
Contingent Convertible Senior Notes due 2023 to surrender their
Notes for purchase -- Put Option -- by the Company expired at 5:00
p.m., New York City time, on August 6, 2010.

YRC Worldwide has been advised by Deutsche Bank Trust Company
Americas, as paying agent, that $19,801,000 in aggregate principal
amount of the Notes were tendered and not withdrawn, representing
98.7% of the total aggregate principal amount of the Notes
outstanding.  All Notes validly tendered (and not withdrawn) prior
to the expiration of the Put Option have been accepted in
exchange.

Pursuant to the Company's July 6, 2010 notice to the 5%
Noteholders, the Notes will be purchased by the Company for a
purchase price in cash equal to $1,000 per $1,000 principal amount
of the Notes, plus any accrued and unpaid interest to, but not
including, the Purchase Date.

As reported by the Troubled Company Reporter, as part of the
Company's exchange offer in late 2009, the holders of its 5.0% Net
Share Settled Contingent Convertible Senior Notes due 2023 voted
to amend the indenture for the 5% Notes to eliminate the right of
the holders of the 5% CoCos to put their 5% CoCos to the Company
for repayment on August 9, 2010.  Deutsche Bank Trust Company
Americas, the trustee of the Indenture, refused to give effect to
this amendment claiming that a majority of the holders was
insufficient to effect the amendment.  YRC sued to seek a court
order to direct the trustee to effect the amendment.  YRC lost its
claim.

In February 2010, YRC entered into a note purchase agreement with
certain investors pursuant to which the investors agreed to
purchase up to $70 million in aggregate principal amount of 6%
convertible senior notes due 2014.  The 6% Notes bear interest at
6%, payable in February and August of each year.  The sale of the
6% Notes was structured to occur in two closings.  Pursuant to the
note purchase agreement, YRC sold $49.8 million of the 6% Notes to
the investors at the first closing in February 2010 and were
obligated to sell an additional $20.2 million of 6% Notes to the
investors in the second closing, assuming the closing conditions
in the note purchase agreement were met.  At the first closing,
the investors also funded the remaining $20.2 million into an
escrow account to be released at the second closing, subject to
the escrow agent receiving a certificate from the investors that
the closing conditions had been satisfied.

The purchase agreement for the 6% Notes provided, in effect, that
if YRC were to win this claim with respect to the 5% CoCos, YRC
could retain the $20.2 million in proceeds for general corporate
purposes; however, if YRC lost this claim, YRC would use the
proceeds to satisfy its requirements to repurchase any of the 5%
CoCos that were put in August 2010.  As YRC lost this claim, the
proceeds will be used to retire any of the 5% CoCos that are put
for repurchase.

As reported by the TCR, on August 2, 2010, YRC entered into a
letter agreement with the investors to facilitate the issuance of
the remaining $20.2 million of 6% Notes, and on August 3, the
issuance and sale of those remaining 6% Notes to the investors was
completed.

                        About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that through
wholly owned operating subsidiaries offers its customers a wide
range of transportation services.  These services include global,
national and regional transportation as well as logistics.

The company's balance sheet for June 30, 2010, showed $2.8 billion
in total assets, $1.1 billion in total current liabilities, $913.4
million in long term debt, $146.2 million deferred income taxes,
$352.6 million pension and post retirement, $359.2 million claims
and other liabilities, $37,000 noncurrent liabilities, and
$77.2 million in stockholders' deficit.

                          *     *     *

As reported in the Troubled Company Reporter on March 18, 2010,
KPMG LLP, in Kansas City, Missouri, expressed substantial doubt
about YRC Worldwide's ability to continue as a going concern in
its report on the Company's consolidated financial statements as
of and for the year ended December 31, 2009.  The independent
auditors noted that the Company has experienced significant
declines in operations, cash flows, and liquidity.


YRC WORLDWIDE: Warns of Liquidity Crunch in 2011
------------------------------------------------
YRC Worldwide Inc. warned on Monday it does not expect to have
sufficient liquidity to make various payments under its credit
facility and pension plans in 2011.

YRC is in discussions with all of its stakeholders and exploring
the restructuring and possible recapitalization of its credit
facility, pension and other obligations, which may include the
issuance of a significant amount of additional equity.

In its Form 10-Q filing announcing financial results for the
second quarter of 2010, YRC indicated that to continue to have
sufficient liquidity to meet cash flow requirements during 2010:

     -- YRC's operating results must continue to stabilize or
        recover quarter-over-quarter and shipping volumes must
        continue to stabilize or recover quarter-over-quarter;

     -- YRC must continue to have access to its credit facilities;

     -- YRC must renew its Amended and Restated Receivables
        Purchase Agreement -- ABS Facility -- in October 2010;

     -- YRC must continue to defer at least through 2010 payment
        of:

        (a) interest and fees to its lenders under its Credit
            Agreement, dated as of August 17, 2007;

        (b) interest and facility fees to purchasers of its
            accounts receivable pursuant to the ABS Facility;

        (c) interest and principal to its pension funds pursuant
            to a Contribution Deferral Agreement;

     -- YRC's wage reductions and temporary cessation of pension
        contributions must continue;

     -- YRC must complete the sale/leaseback and real estate sale
        transactions currently under contract as anticipated; and

     -- YRC must continue to implement and realize substantial
        cost savings measures to match costs with business levels
        and to continue to become more efficient.

YRC said the uncertainty regarding the Company's ability to
generate sufficient cash flows and liquidity to fund operations
raises substantial doubt about its ability to continue as a going
concern.

As of June 30, 2010, YRC's total debt consisted of:

     Revolving credit facility          $358,000,000
     Term loan                           112,400,000
     ABS borrowings, secured by
       accounts receivable               147,400,000
     USF senior notes                              -
     Contingent conv. senior notes        21,700,000
     6% convertible senior notes          46,700,000
     Pension contribution
        deferral obligations             145,400,000
     Lease financing obligations         326,300,000
     Other                                 1,000,000
                                     ----------------

          TOTAL DEBT                  $1,158,900,000

     Current maturities of contingent
        convertible senior notes        ($21,700,000)
     Current maturities of lease
        financing obligations             (2,900,000)
     Current maturities of pension
        contribution deferral
        obligations                      (72,500,000)
     ABS borrowings                     (147,400,000)
     Other                                (1,000,000)
                                     ----------------
          LONG-TERM DEBT                $913,400,000

As of June 30, 2010, YRC was in compliance with the various debt
covenants under its lending agreements.

According to YRC, at the end of 2010, the temporary cessation of
its requirement to make contributions to the multi-employer
pension funds in which it participates will end, absent a new
agreement with the Teamsters to address this requirement.  Based
upon expected levels of employment in 2011, YRC estimates it will
be required to contribute approximately $25 million to $30 million
per month to multi-employer pension funds in 2011.  Absent the
consent of two-thirds in interest of the lenders under the Credit
Agreement to continue the deferral of interest and fees under the
Credit Agreement during 2011, the deferral will terminate at the
end of 2010.

In 2009, the Credit Agreement lenders agreed to defer the payment
of revolver and term loan interest, letter of credit fees and
commitment fees, subject to the deferral exceptions and
termination events, for the period:

     * beginning December 31, 2009, and
     * ending on December 31, 2010, subject to an extension until
       December 31, 2011 if agreed to by 66-2/3 % of the lenders.

As of June 30, 2010 the amounts deferred were $59.0 million.

YRC also deferred amendment fees of $31.8 million in October 2009,
which are fully earned but not due and payable until the earlier
of December 31, 2011 or the occurrence of a termination event.

Additionally, some of the fees and interest due during the term of
the ABS Facility have also been deferred.  The $10.0 million fee
that was due on October 30, 2009 has been deferred until the
earliest to occur of:

     * October 26, 2010,
     * the Amortization Date as defined in the ABS Facility, and
     * the occurrence of a deferral termination event.

The portion of current letter of credit fees, program fees and
administration fees under the ABS Facility in excess of the fees
in place prior to February 12, 2009 were deferred also until the
Deferred Fee Payment Date.  As of June 30, 2010, the amount
deferred under this provision was $8.8 million.

If the fee and interest deferrals under the Credit Agreement do
not continue in 2011, the Teamsters have the right to terminate
the parties' Amended and Restated Memorandum of Understanding on
the Job Security Plan dated July 9, 2009, which, among other
things, would eliminate the 15% wage reduction in place since
August 2009 through March 2013 for employees of bargaining units
that have ratified that plan.

YRC in June 2010 entered into an Equity Interest Purchase
agreement with CEG Holdings, Inc., a subsidiary of Austin Ventures
to sell YRC Logistics for $37.0 million in cash.  The Agreement is
subject to various closing conditions and contains certain
termination rights for both the Company and CEG, and further
provides that, upon termination of the Agreement under specified
circumstances, the Company may be required to pay CEG a
termination fee of $1.25 million plus any costs of collection
incurred by CEG.

                        About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that through
wholly owned operating subsidiaries offers its customers a wide
range of transportation services.  These services include global,
national and regional transportation as well as logistics.

The company's balance sheet for June 30, 2010, showed $2.8 billion
in total assets, $1.1 billion in total current liabilities, $913.4
million in long term debt, $146.2 million deferred income taxes,
$352.6 million pension and post retirement, $359.2 million claims
and other liabilities, $37,000 noncurrent liabilities, and
$77.2 million in stockholders' deficit.

                          *     *     *

As reported in the Troubled Company Reporter on March 18, 2010,
KPMG LLP, in Kansas City, Missouri, expressed substantial doubt
about YRC Worldwide's ability to continue as a going concern in
its report on the Company's consolidated financial statements as
of and for the year ended December 31, 2009.  The independent
auditors noted that the Company has experienced significant
declines in operations, cash flows, and liquidity.


ZALE CORP: Golden Gate Funds Correct Disclosure, Hold 25.6% Stake
-----------------------------------------------------------------
Various funds affiliated with Golden Gate Private Equity, Inc.,
advised the Securities and Exchange Commission on Tuesday that
they own 25.6% stake in Zale Corp. -- not 34.5% as earlier
disclosed.

As reported by the Troubled Company Reporter on August 4, 2010,
the Funds disclosed holding 11,064,684 Zale shares as of July 23.

On May 10, 2010, Z Investment Holdings LLC, on behalf of the
Funds, made a loan to Zales in the principal amount of
$150 million and received (a) warrants -- A-Warrants -- to
purchase up to 6,389,378 shares of Common Stock that were
immediately exercisable as of May 10, 2010 and (b) warrants -- B-
Warrants -- to purchase up to 4,675,306 shares of Common Stock
that were to become exercisable, subject to stockholder approval,
upon the earlier of (i) the date of the first meeting of Zales'
stockholders to approve the shares of Common Stock to be issued
upon exercise of the Warrants and (ii) the date of the first
annual meeting of Zales' stockholders to be held after the
issuance of the Warrants.

On July 23, 2010, Zales' stockholders approved the issuance of
shares of Common Stock upon the exercise of the Warrants and the
B-Warrants became immediately exercisable.

Z Investment is entitled to designate two directors to the Board
of Directors of Zales and to recommend one additional independent
candidate for consideration by the Nominating and Corporate
Governance Committee of Zales' Board of Directors.  Following
Zales' next annual meeting, if the size of its Board of Directors
is increased above seven directors and the vacancy is filled by a
director not approved by Z Investment, Z Investment will be
entitled to appoint an additional director.

Golden Gate et al. intend to review continuously their equity
interest in Zale.  Golden Gate et al. indicated they may wish to
engage in a constructive dialogue with officers, directors and
other representatives of the Company, as well as the Company's
shareholders; topics of discussion may include, but are not
limited to, the Company's markets, operations, competitors,
prospects, strategy, personnel, directors, ownership and
capitalization.  Golden Gate et al. may also enter into
confidentiality or similar agreements with the Company and,
subject to such an agreement or otherwise, exchange information
with the Company.

                           About Zale Corp.

Dallas, Texas-based Zale Corporation (NYSE: ZLC) --
http://www.zalecorp.com/-- is a specialty retailer of diamonds
and other jewelry products in North America, operating roughly
1,900 retail locations throughout the United States, Canada and
Puerto Rico, as well as online.  Zale Corporation's brands include
Zales Jewelers, Zales Outlet, Gordon's Jewelers, Peoples
Jewellers, Mappins Jewellers and Piercing Pagoda.  Zale also
operates online at www.zales.com, www.zalesoutlet.com and
www.gordonsjewelers.com

As reported by the Troubled Company Reporter on February 10, 2010,
The Deal.com's Sara Behunek reported that analysts said bankruptcy
looms for Zale if it fails to restructure its debt and put in
place a solid merchandising strategy.

Zale reported a net loss of $12.09 million for the three months
ended April 30, 2010, from a net loss of $19.5 million for the
same period in 2009.  Zale reported a net loss of $65.15 million
for nine months ended April 30, 2010, from a net loss of
$99.7 million in the same period in 2009.


ZOOM PROPERTY: Case Summary & 15 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Zoom Property Group, LLC
        1977 Vernon Hills
        Vernon Hills, IL 60061

Bankruptcy Case No.: 10-35129

Chapter 11 Petition Date: August 5, 2010

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

Judge: John H. Squires

Debtor's Counsel: Abraham Brustein, Esq.
                  DIMONTE & LIZAK, LLC
                  216 W. Higgins Road
                  Park Ridge, IL 60068
                  Tel: (847) 698-9600 Ext. 221
                  Fax: (847) 698-9623
                  E-mail: abrustein@dimonteandlizak.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 15 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ilnb10-35129.pdf

The petition was signed by Mark Zoll, manager.


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------

Aug. 3, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Atlanta Consumer Bankruptcy Skills Training
        Georgia State Bar Building, Atlanta, Ga.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 5-7, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Mid-Atlantic Bankruptcy Workshop
        Hyatt Regency Chesapeake Bay, Cambridge, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 11-14, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Hawai.i Bankruptcy Workshop
        The Fairmont Orchid, Big Island, Hawaii
           Contact: 1-703-739-0800; http://www.abiworld.org/

Sept. 14, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     ABI/NYIC Golf and Tennis Fundraiser
        Maplewood Golf Club, Maplewood, N.J.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Sept. 20, 2010 (tentative)
  AMERICAN BANKRUPTCY INSTITUTE
     Complex Financial Restructuring Program
        Fordham Law School, New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Sept. 22-23, 2010 (tentative)
  AMERICAN BANKRUPTCY INSTITUTE
     ABI/NYU Bankruptcy and Business Reorganization Workshop
        New York University School of Law, New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Sept. 23-25, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Southwest Bankruptcy Conference
        Four Seasons Las Vegas, Las Vegas, Nev.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 1, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     ABI/UMKC Midwestern Bankruptcy Institute
        Kansas City Marriott Downtown, Kansas City, Kan.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 1, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     ABI/GULC "Views from the Bench"
        Georgetown University Law Center, Washington, D.C.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 6-8, 2010
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Annual Convention
        JW Marriott Grande Lakes, Orlando, Florida
           Contact: http://www.turnaround.org/

Oct. 11, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Chicago Consumer Bankruptcy Conference
        Standard Club, Chicago, Ill.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 15, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     NCBJ/ABI Educational Program
        Hilton New Orleans Riverside, New Orleans, La.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 28, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Mid-Level Professional Development Program
        Weil, Gotshal & Manges LLP, New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 29, 2010 (tentative)
  AMERICAN BANKRUPTCY INSTITUTE
     International Insolvency Symposium
        The Savoy, London, England
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. __, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Delaware Views from the Bench and Bankruptcy Bar
        Hotel du Pont, Wilmington, Del.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 11, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Detroit Consumer Bankruptcy Conference
        Hyatt Regency Dearborn, Dearborn, Mich.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 29, 2010
  RENAISSANCE AMERICAN MANAGEMENT, INC. & BEARD GROUP, INC.
     17th Annual Distressed Investing Conference
        The Helmsley Park Lane Hotel, New York City
           Contact: 1-903-595-3800;
                    http://www.renaissanceamerican.com/

Dec. 9-11, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Winter Leadership Conference
        Camelback Inn, a JW Marriott Resort & Spa,
        Scottsdale, Ariz.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Dec. 2-4, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     22nd Annual Winter Leadership Conference
        Camelback Inn, Scottsdale, Arizona
           Contact: 1-703-739-0800; http://www.abiworld.org/

January 26-28, 2011
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Distressed Investing Conference
        Aria Las Vegas
           Contact: http://www.turnaround.org/

Jan. 27-28, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Rocky Mountain Bankruptcy Conference
        Westin Tabor Center, Denver, Colo.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Feb. 3-5, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Caribbean Insolvency Symposium
        Westin Casuarina Resort & Spa, Grand Cayman Island
           Contact: 1-703-739-0800; http://www.abiworld.org/

Feb. 24-25, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Valcon
        Four Seasons Las Vegas, Las Vegas, Nev.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 4, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Bankruptcy Battleground West
        Hyatt Regency Century Plaza, Los Angeles, Calif.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 7-9, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Conrad Duberstein Moot Court Competition
        Duberstein U.S. Courthouse, New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 10, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Nuts and Bolts - Florida
        Tampa, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 10-12, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     SUCL/ Alexander L. Paskay Seminar on
     Bankruptcy Law and Practice
        Marriott Tampa Waterside, Tampa, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 17-19, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Byrne Judicial Clerkship Institute
        Pepperdine University School of Law, Malibu, Calif.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 31-Apr. 3, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Annual Spring Meeting
        Gaylord National Resort & Convention Center,
        National Harbor, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

May 5, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Nuts and Bolts - New York City
        Association of the Bar of the City of New York,
        New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

May 6, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     New York City Bankruptcy Conference
        Hilton New York, New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

June 6, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Canadian-American Cross-Border Insolvency Symposium
        Fairmont Royal York, Toronto, Ont.
           Contact: 1-703-739-0800; http://www.abiworld.org/

June 9-12, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Central States Bankruptcy Workshop
        Grand Traverse Resort and Spa, Traverse City, Mich.
              Contact: http://www.abiworld.org/

July 21-24, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Northeast Bankruptcy Conference
        Hyatt Regency Newport, Newport, R.I.
           Contact: 1-703-739-0800; http://www.abiworld.org/

July 27-30, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Southeast Bankruptcy Workshop
        The Sanctuary at Kiawah Island, Kiawah Island, S.C.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 4-6, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Mid-Atlantic Bankruptcy Workshop
        Hotel Hershey, Hershey, Pa.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 14, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     NCBJ/ABI Educational Program
        Tampa Convention Center, Tampa, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. __, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     International Insolvency Symposium
        Dublin, Ireland
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 25-27, 2011
  TURNAROUND MANAGEMENT ASSOCIATION
     Hilton San Diego Bayfront, San Diego, CA
        Contact: http://www.turnaround.org/

Dec. 1-3, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     23rd Annual Winter Leadership Conference
        La Quinta Resort & Spa, La Quinta, Calif.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Apr. 19-22, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Annual Spring Meeting
        Gaylord National Resort & Convention Center,
        National Harbor, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

July 14-17, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Southeast Bankruptcy Workshop
        The Ritz-Carlton Amelia Island, Amelia Island, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 2-4, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Mid-Atlantic Bankruptcy Workshop
        Hyatt Regency Chesapeake Bay, Cambridge, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 29 - Dec. 2, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Winter Leadership Conference
        JW Marriott Starr Pass Resort & Spa, Tucson, Ariz.
           Contact: 1-703-739-0800; http://www.abiworld.org/

The Meetings, Conferences and Seminars column appears in the
Troubled Company Reporter each Wednesday.  Submissions via
e-mail to conferences@bankrupt.com are encouraged.

Last Updated: July 26, 2010



                           *********

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.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

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.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                           *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,

USA.  Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Howard
C. Tolentino, Joseph Medel C. Martirez, Denise Marie Varquez,
Philline Reluya, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2010.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $775 for 6 months delivered via e-
mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Christopher
Beard at 240/629-3300.


                  *** End of Transmission ***