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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, September 8, 2010, Vol. 14, No. 249

                            Headlines

1ST ADVANTAGE: Mo. Bank Rated E by Weiss Ratings
1ST COMMERCE: Nev. Bank Rated E- by Weiss Ratings
1ST REGENTS: Minn. Bank Rated E- by Weiss Ratings
AB&T NATIONAL: Ga. Bank Rated E+ by Weiss Ratings
ADAMS NATIONAL: D.C. Bank Rated E by Weiss Ratings

ADVANTAGE BANK: Ohio Bank Rated E by Weiss Ratings
ALABAMA TRUST: Ala. Bank Rated E by Weiss Ratings
ALBINA COMMUNITY: Ore. Bank Rated E- by Weiss Ratings
ALFRED VILLALOBOS: Attorney General's Suit Could be Blocked
ALL AMERICAN: Ill. Bank Rated E- by Weiss Ratings

ALLEGIANCE BANK: Pa. Bank Rated E- by Weiss Ratings
ALLEGIANCE COMMUNITY: N.J. Bank Rated E- by Weiss Ratings
ALLIANCE BANKING: Ky. Bank Rated E+ by Weiss Ratings
ALLIED FIRST: Ill. Bank Rated E+ by Weiss Ratings
ALTERRA BANK: Kan. Bank Rated E- by Weiss Ratings

AMERICAN BANK: Minn. Bank Rated E- by Weiss Ratings
AMERICAN EAGLE: Pa. Bank Rated E- by Weiss Ratings
AMERICAN ENTERPRISE: Ill. Bank Rated E- by Weiss Ratings
AMERICAN FOUNDERS: Ky. Bank Rated E by Weiss Ratings
AMERICAN METRO: Ill. Bank Rated E- by Weiss Ratings

AMERICAN PATRIOT: Tenn. Bank Rated E- by Weiss Ratings
AMERICAN STATE: Okla. Bank Rated E- by Weiss Ratings
AMERICAN TRUST: Ga. Bank Rated E- by Weiss Ratings
AMERICANA COMMUNITY: Minn. Bank Rated E- by Weiss Ratings
AMERICANWEST BANK: Wash. Bank Rated E- by Weiss Ratings

ANCHORBANK FSB: Wisc. Bank Rated E- by Weiss Ratings
ANDERSON BROTHERS: S.C. Bank Rated E by Weiss Ratings
APEX DIGITAL: Files Schedules of Assets & Liabilities
APEX DIGITAL: Wants to Sell Assets to Kith Consumer
APPALACHIAN COMMUNITY: Ga. Bank Rated E- by Weiss Ratings

ASIAN BANK: Pa. Bank Rated E- by Weiss Ratings
ATLANTA BUSINESS: Ga. Bank Rated E+ by Weiss Ratings
ATLANTIC COAST: Ga. Bank Rated E by Weiss Ratings
ATLANTIC SOUTHERN: Ga. Bank Rated E- by Weiss Ratings
AXION INTERNATIONAL: Posts $2.2MM Net Loss in June 30 Quarter

BADGER STATE: Wisc. Bank Rated E- by Weiss Ratings
BANK 1ST: N.M. Bank Rated E- by Weiss Ratings
BANK OF BARTLETT: Tenn. Bank Rated E- by Weiss Ratings
BANK OF BELTON: Mo. Bank Rated E+ by Weiss Ratings
BANK OF BOZEMAN: Mont. Bank Rated E- by Weiss Ratings

BANK OF COMMERCE: Ill. Bank Rated E- by Weiss Ratings
BANK OF COMMERCE: Fla. Bank Rated E- by Weiss Ratings
BANK OF CURRITUCK: N.C. Bank Rated E+ by Weiss Ratings
BANK OF ELLIJAY: Ga. Bank Rated E- by Weiss Ratings
BANK OF GEORGIA: Ga. Bank Rated E- by Weiss Ratings

BANK OF GRANITE: N.C. Bank Rated E- by Weiss Ratings
BANK OF HAMPTON: Va. Bank Rated E+ by Weiss Ratings
BANK OF JACKSON: Fla. Bank Rated E+ by Weiss Ratings
BANK OF LAS VEGAS: Nev. Bank Rated E- by Weiss Ratings
BANK OF MACKS: Mo. Bank Rated E- by Weiss Ratings

BANK OF MIAMI NA: Fla. Bank Rated E- by Weiss Ratings
BANK OF PERRY: Ga. Bank Rated E by Weiss Ratings
BANK OF SANTA: Calif. Bank Rated E+ by Weiss Ratings
BANK OF SHOREWOOD: Ill. Bank Rated E- by Weiss Ratings
BANK OF SMITHTOWN: N.Y. Bank Rated E+ by Weiss Ratings

BANK OF THE CASCADES: Ore. Bank Rated E- by Weiss Ratings
BANK OF THE PRAIRIE: Kan. Bank Rated E by Weiss Ratings
BANK OF VIRGINIA: Va. Bank Rated E+ by Weiss Ratings
BANK OF WASH: Wash. Bank Rated E+ by Weiss Ratings
BANKCHEROKEE: Minn. Bank Rated E+ by Weiss Ratings

BANKEAST: Tenn. Bank Rated E+ by Weiss Ratings
BANKMERIDIAN NA: S.C. Bank Rated E- by Weiss Ratings
BANKS OF WISC: Wisc. Bank Rated E- by Weiss Ratings
BARTOW COUNTY: Ga. Bank Rated E- by Weiss Ratings
BARWICK BANKING: Ga. Bank Rated E by Weiss Ratings

BATTLE CREEK: Neb. Bank Rated E+ by Weiss Ratings
BAY BANK: Ala. Bank Rated E by Weiss Ratings
BAY CITIES: Calif. Bank Rated E- by Weiss Ratings
BAYTREE NATIONAL: Ill. Bank Rated E- by Weiss Ratings
BBB ACQUISITION: Case Summary & 11 Largest Unsecured Creditors

BEACH COMMUNITY: Fla. Bank Rated E by Weiss Ratings
BEAR ISLAND: U.S. Court Approves Auction on Sept. 15
BLUE RIDGE: N.C. Bank Rated E- by Weiss Ratings
BORDER TRUST: Maine Bank Rated E- by Weiss Ratings
BRAMBLE SB: Ohio Bank Rated E- by Weiss Ratings

BUILDERS BANK: Ill. Bank Rated E by Weiss Ratings
BUSINESS BANK: Wash. Bank Rated E by Weiss Ratings
C&B RENT-ALL: Gets 6-Month Forbearance From Jefferson IDA
CADENCE BANK: Miss. Bank Rated E by Weiss Ratings
CANYON NATIONAL: Calif. Bank Rated E by Weiss Ratings

CAPITOL CITY: Ga. Bank Rated E- by Weiss Ratings
CAPITOL NATIONAL: Mich. Bank Rated E- by Weiss Ratings
CARIBBEAN PETROLEUM: Taps Cadwalader Wickersham as Lead Counsel
CARIBBEAN PETROLEUM: Taps Richards Layton as Bankruptcy Co-Counsel
CARIBBEAN PETROLEUM: Meeting of Creditors Set for September 16

CAROLINA FSB: S.C. Bank Rated E- by Weiss Ratings
CELEBRITY RESORTS: U.S. Trustee Forms Creditors Committee
CELL THERAPEUTICS: Director Nudelman Sells 40,000 Shares
CENTRAL ARIZONA: Ariz. Bank Rated E by Weiss Ratings
CENTRAL BANK: Ga. Bank Rated E+ by Weiss Ratings

CENTRAL PROGRESSIVE: La. Bank Rated E- by Weiss Ratings
CENTRAL VIRGINIA: Va. Bank Rated E- by Weiss Ratings
CENTRUST BANK: Ill. Bank Rated E+ by Weiss Ratings
CENTURY BANK: Ohio Bank Rated E- by Weiss Ratings
CHARTER NATIONAL: Ill. Bank Rated E by Weiss Ratings

CHARTER OAK: Calif. Bank Rated E+ by Weiss Ratings
CHESTATEE STATE: Ga. Bank Rated E- by Weiss Ratings
CHINA VOIP: Posts $111,700 Net Loss in June 30 Quarter
CITIZENS BANK: Ga. Bank Rated E- by Weiss Ratings
CITIZENS BANK: Calif. Bank Rated E by Weiss Ratings

CITIZENS COMMERCE: Ky. Bank Rated E- by Weiss Ratings
CITIZENS NB: Mo. Bank Rated E- by Weiss Ratings
CITIZENS STATE: Wisc. Bank Rated E- by Weiss Ratings
CITIZENS STATE: Ill. Bank Rated E+ by Weiss Ratings
CLARKSTON STATE: Mich. Bank Rated E- by Weiss Ratings

COASTAL BANK: Fla. Bank Rated E+ by Weiss Ratings
COASTAL COMMUNITY: Wash. Bank Rated E+ by Weiss Ratings
COATESVILLE SB: Pa. Bank Rated E+ by Weiss Ratings
COLOMBO BANK: Md. Bank Rated E- by Weiss Ratings
COLONIAL BANCGROUP: Staves Off $1-Bil. Claim by FDIC

COLONIAL BANCGROUP: Gets Nov. 18 Plan Exclusivity Extension
COLUMBIA SB: Ohio Bank Rated E+ by Weiss Ratings
COMMUNICATION INTELLIGENCE: Phoenix Venture Holds 44.1% Stake
COMMUNITY BANK: Ga. Bank Rated E+ by Weiss Ratings
COMMUNITY BANK: Ala. Bank Rated E by Weiss Ratings

COMMUNITY BANK: Mass. Bank Rated E by Weiss Ratings
COMMUNITY BANK: Wisc. Bank Rated E- by Weiss Ratings
COMMUNITY BANK: Ga. Bank Rated E- by Weiss Ratings
COMMUNITY BANK: Ga. Bank Rated E- by Weiss Ratings
COMMUNITY CAPITAL: Ga. Bank Rated E by Weiss Ratings

COMMUNITY CENTRAL: Mich. Bank Rated E- by Weiss Ratings
COMMUNITY FIRST: Ill. Bank Rated E- by Weiss Ratings
COMMUNITY FSB: N.Y. Bank Rated E+ by Weiss Ratings
COMMUNITY SHORES: Mich. Bank Rated E+ by Weiss Ratings
COMMUNITY TRUST: Tenn. Bank Rated E+ by Weiss Ratings

COMMUNITYSOUTH BANK: S.C. Bank Rated E- by Weiss Ratings
COPPER STAR: Ariz. Bank Rated E- by Weiss Ratings
CORNERSTONE BANK: N.C. Bank Rated E- by Weiss Ratings
CORNERSTONE COMMUNITY: Tenn. Bank Rated E by Weiss Ratings
CORNERSTONE COMMUNITY: Fla. Bank Rated E+ by Weiss Ratings

CORNERSTONEBANK: Ga. Bank Rated E- by Weiss Ratings
COSINE COMMUNICATIONS: To Hold Special Stockholders' Meeting
COVENANT BANK: Ga. Bank Rated E- by Weiss Ratings
CREEKSIDE BANK: Ga. Bank Rated E by Weiss Ratings
CROYDON SB: Pa. Bank Rated E- by Weiss Ratings

CURRIE STATE: Minn. Bank Rated E by Weiss Ratings
DARBY BANK: Ga. Bank Rated E- by Weiss Ratings
DARIEN ROWAYTON: Conn. Bank Rated E+ by Weiss Ratings
DAVISON STATE: Mich. Bank Rated E- by Weiss Ratings
DECATUR FIRST: Ga. Bank Rated E- by Weiss Ratings
DICKINSON COUNTY: Kan. Bank Rated E+ by Weiss Ratings
DOUGLAS COUNTY: Ga. Bank Rated E- by Weiss Ratings

DOWNERS GROVE: Ill. Bank Rated E by Weiss Ratings
EAGLE COMMUNITY: Minn. Bank Rated E- by Weiss Ratings
EAGLE VALLEY: Wisc. Bank Rated E- by Weiss Ratings
EARTHSTAR BANK: Pa. Bank Rated E- by Weiss Ratings
EAST COAST: Fla. Bank Rated E+ by Weiss Ratings

EAST DUBUQUE: Iowa Bank Rated E- by Weiss Ratings
EASTERN FEDERAL: Conn. Bank Rated E+ by Weiss Ratings
EASTSIDE COMMERCIAL: Ga. Bank Rated E+ by Weiss Ratings
EASTSIDE COMMERCIAL: Wash. Bank Rated E- by Weiss Ratings
ECLIPSE BANK: Ky. Bank Rated E+ by Weiss Ratings

EDGEBROOK BANK: Ill. Bank Rated E by Weiss Ratings
EMMIS COMMUNICATIONS: Exchange Offer to Expire Today
ENRON CORP: Ex-CEO Skilling Denied Bail While on Appeal
ENTERPRISE BANKING: Ga. Bank Rated E- by Weiss Ratings
ENVISION REVIEW: Files for Chapter 7 Amid Fraud Claims

EVABANK: Ala. Bank Rated E- by Weiss Ratings
EVERGREEN STATE: Wisc. Bank Rated E- by Weiss Ratings
EXCHANGE BANK: Okla. Bank Rated E+ by Weiss Ratings
FAMILY FEDERAL: Ill. Bank Rated E- by Weiss Ratings
FARMERS & MERCHANTS: Ga. Bank Rated E- by Weiss Ratings

FARMERS BANK: Ga. Bank Rated E+ by Weiss Ratings
FARMERS EXCHANGE: Ala. Bank Rated E+ by Weiss Ratings
FARMERS STATE: Ga. Bank Rated E- by Weiss Ratings
FIDELITY BANK: Mich. Bank Rated E- by Weiss Ratings
FIRST & FARMERS: N.D. Bank Rated E by Weiss Ratings

FIRST ARIZONA: Ariz. Bank Rated E+ by Weiss Ratings
FIRST BANK: Tex. Bank Rated E- by Weiss Ratings
FIRST BANK: Iowa Bank Rated E- by Weiss Ratings
FULTON HOMES: Creditors Get More Time to Review Chapter 11 Plan
GEMS TV: To Present Plan for Confirmation on Oct. 12

GENERAL MOTORS: Old GM Plan Outline Set for Hearing on Oct. 21
GOLDEN GROVE: Court Okays Appointment of Ch. 11 Trustee
GSC GROUP: Gets Court's Nod to Hire Epiq as Notice & Claims Agent
GSC GROUP: Taps Kaye Scholer as Bankruptcy Counsel
GSC GROUP: Wants to Hire Capstone Advisory as Financial Advisor

GSC GROUP: Organizational Meeting to Form Panel on Sept. 8
HAWKS PRAIRIE: Files Schedules of Assets & Liabilities
INNKEEPERS USA: Judge Shelley Denies Plan Support Deal With Lehman
INNKEEPERS USA: Midland Loan Wants to File Own Plan
INNKEEPERS USA: Wins Final Approval of $53 Million DIP Financing

INNKEEPERS USA: Wins Final Approval of $17.5MM Solar DIP Loan
INTERNATIONAL COAL: SVP for WV/Maryland Region Reports Stake
IRH VINTAGE: Files for Chapter 11 Protection to Halt Foreclosure
IRVINE SENSORS: VP Justice Buys 163,636 Unregistered Shares
JEFFERSON COUNTY: Alabama Judge to Appoint Receiver

JOHN KONECNIK, JR.: Case Summary & 20 Largest Unsecured Creditors
LEHMAN BROTHERS: Innkeepers Judge Denies Plan Support Agreement
LIONS GATE: Carl Icahn Reports 37.27% Stake
LONE TREE: Updated Voluntary Chapter 11 Case Summary
LONE TREE: Section 341(a) Meeting Scheduled for Sept. 28

LONE TREE: Taps Polsinelli Shughart as Bankruptcy Counsel
LONE TREE: Wants Filing of Schedules Extended Until Sept. 21
LPATH INC: Daniel Petree Acquires 5,556 Restricted Stock Units
MELISSA MILLER: Section 341(a) Meeting Set for September 15
MERUELO MADDUX: Plan Outline Hearing Scheduled for September 10

MOVIE GALLERY: Files Omnibus Claims Objections
MOVIE GALLERY: Wins Nod for Leach Travell as Insurance Counsel
NORD RESOURCES: Chairman Hirsch Acquires 186,900 Shares
NORTH GENERAL: Meeting of Creditors Scheduled for September 13
PCS EDVENTURES!.COM INC: Officers Receive Shares for August Work

PARKLEX ASSOCIATES: Fee Request Denied on Non-Disclosure
PEARVILLE LP: Has Access to Cash Collateral Until September 30
PETROHUNTER ENERGY: Posts $2.1 Million Net Loss in June 30 Quarter
PPA HOLDINGS: Chapter 11 Trustee Can Sell Property to Pay Claims
PPA HOLDINGS: Chapter 11 Trustee Can Use Cash Until September 30

REDDY ICE: Admin. Officer Wallander Acquires 3,000 Shares
RESERVE DEVELOPMENT: Sends Spanish Palms Condos to Chapter 11
SACKETS HARBOR: Jefferson IDA Presents 3 Loan Repayment Options
SCHUTT SPORTS: Files for Chapter 11 Protection
SCHUTT SPORTS: Case Summary & 40 Largest Unsecured Creditors

SHUBH HOTELS: Files for Chapter 11 to Stay Foreclosure
SHUBH HOTELS: Case Summary & 20 Largest Unsecured Creditors
SMART ONLINE: Atlas Capital Acquires $200,000 Convertible Note
STANBERY DEVELOPMENT: Faces Bank Foreclosure Suit
STANFORD REGENCY: Case Summary & 20 Largest Unsecured Creditors

SUMNER REGIONAL: LifePoint Completes Purchase of Hospitals
SUNESIS PHARMA: Files Prospectus for Resale of 175MM Shares
TAYLOR BEAN: Former Chair Says He Has No Defense Funds
TELKONET INC: Annual Stockholders' Meeting Set for Nov. 17
TEXAS RANGERS: Lenders Lose Dispute on Aircraft Rent

TRIBUNE CO: Aurelius Proposes to Access Depository Documents
TRIBUNE CO: Proposes Jones Day as Counsel to Board
TRIBUNE CO: Saul Ewing Charges $3.27MM for May to August Work
TRIUS THERAPEUTICS: June 30 Balance Sheet Upside-Down by $57.7MM
TRUVO USA: Disclosure Statement Hearing Resumes Today

VALENCE TECHNOLOGY: Director Berg Acquires 7.24MM Shares
VAN CHASE: Voluntary Chapter 11 Case Summary
WESTERN LIBERTY: Reaches Consent Pact With FDIC on Merger Bank
ZOLON CORPORATION: Reports $294,900 Net Income in June 30 Quarter

* Warwick Capital to Raise Additional $100 Million for Debt Fund

* Upcoming Meetings, Conferences and Seminars

                            *********

1ST ADVANTAGE: Mo. Bank Rated E by Weiss Ratings
------------------------------------------------
Weiss Ratings has assigned its E rating to Saint Peters, Mo.-based
1st Advantage Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $111,644,000 in assets.


1ST COMMERCE: Nev. Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to North Las Vegas, Nev.-
based 1st Commerce Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $45,269,000
in assets.


1ST REGENTS: Minn. Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to Andover, Minn.-based
1st Regents Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $90,310,000 in assets.


AB&T NATIONAL: Ga. Bank Rated E+ by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E+ rating to Albany, Ga.-based AB&T
National Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $146,764,000 in assets.


ADAMS NATIONAL: D.C. Bank Rated E by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E rating to Washington, D.C.-based
Adams National Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $263,206,000 in assets.


ADVANTAGE BANK: Ohio Bank Rated E by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E rating to Cambridge, Ohio-based
Advantage Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $849,017,000 in assets.


ALABAMA TRUST: Ala. Bank Rated E by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E rating to Sylacauga, Ala.-based
Alabama Trust Bank NA.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $69,955,000
in assets.


ALBINA COMMUNITY: Ore. Bank Rated E- by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E- rating to Portland, Ore.-based
Albina Community Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$189,260,000 in assets.


ALFRED VILLALOBOS: Attorney General's Suit Could be Blocked
-----------------------------------------------------------
Pensions & Investments reports that a bankruptcy judge will decide
whether to block a lawsuit filed by California Attorney General
Jerry Brown against former CalPERS board member Alfred Villalobos
of bribing officials at the $206.7 billion California Public
Employees' Retirement System.

Mr. Villalobos, reports notes, was sued for $95 million by the
California Attorney General's Office in May a month before he
filed for Chapter 11 bankruptcy protection in Reno, Nevada.

                      About Alfred Villalobos

Alfred J.R. Villalobos filed for Chapter 11 bankruptcy protection
on June 9, 2010 (Bankr. D. Nev. Case No. 10-52248).  Stephen R.
Harris, Esq., at Belding, Harris & Petroni, Ltd., serves as
bankruptcy counsel to the Debtor.  Cooley LLP is co-counsel.
The Debtor estimated assets and debts at $10 million to $50
million in the Chapter 11 petition.


ALL AMERICAN: Ill. Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to Des Plaines, Ill.-
based All American Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $38,427,000
in assets.


ALLEGIANCE BANK: Pa. Bank Rated E- by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E- rating to Bala Cynwyd, Pa.-based
Allegiance Bank of North America.  The rating company says that
the institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$119,333,000 in assets.


ALLEGIANCE COMMUNITY: N.J. Bank Rated E- by Weiss Ratings
---------------------------------------------------------
Weiss Ratings has assigned its E- rating to South Orange, N.J.-
based Allegiance Community Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$117,325,000 in assets.


ALLIANCE BANKING: Ky. Bank Rated E+ by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E+ rating to Winchester, Ky.-based
Alliance Banking Co.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $60,237,000 in assets.


ALLIED FIRST: Ill. Bank Rated E+ by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E+ rating to Oswego, Ill.-based
Allied First Bank SB.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$171,645,000 in assets.


ALTERRA BANK: Kan. Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to Overland Park, Kan.-
based Alterra Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $102,584,000 in assets.


AMERICAN BANK: Minn. Bank Rated E- by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E- rating to Saint Paul, Minn.-
based American Bank of St Paul.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$579,592,000 in assets.


AMERICAN EAGLE: Pa. Bank Rated E- by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E- rating to Boothwyn, Pa.-based
American Eagle Savings Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $21,908,000
in assets.


AMERICAN ENTERPRISE: Ill. Bank Rated E- by Weiss Ratings
--------------------------------------------------------
Weiss Ratings has assigned its E- rating to Buffalo Grove, Ill.-
based American Enterprise Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$401,904,000 in assets.


AMERICAN FOUNDERS: Ky. Bank Rated E by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E rating to Lexington, Ky.-based
American Founders Bank Inc.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$431,880,000 in assets.


AMERICAN METRO: Ill. Bank Rated E- by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E- rating to Chicago, Ill.-based
American Metro Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $99,558,000 in assets.


AMERICAN PATRIOT: Tenn. Bank Rated E- by Weiss Ratings
------------------------------------------------------
Weiss Ratings has assigned its E- rating to Greeneville, Tenn.-
based American Patriot Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$114,486,000 in assets.


AMERICAN STATE: Okla. Bank Rated E- by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E- rating to Tulsa, Okla.-based
American State Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $11,439,000 in assets.


AMERICAN TRUST: Ga. Bank Rated E- by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E- rating to Roswell, Ga.-based
American Trust Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $281,305,000 in assets.


AMERICANA COMMUNITY: Minn. Bank Rated E- by Weiss Ratings
---------------------------------------------------------
Weiss Ratings has assigned its E- rating to Sleepy Eye, Minn.-
based Americana Community Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$176,978,000 in assets.


AMERICANWEST BANK: Wash. Bank Rated E- by Weiss Ratings
-------------------------------------------------------
Weiss Ratings has assigned its E- rating to Spokane, Wash.-based
Americanwest Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $1,555,463,000 in assets.


ANCHORBANK FSB: Wisc. Bank Rated E- by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E- rating to Madison, Wisc.-based
Anchorbank FSB.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $4,436,665,000 in assets.


ANDERSON BROTHERS: S.C. Bank Rated E by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E rating to Mullins, S.C.-based
Anderson Brothers Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$486,846,000 in assets.


APEX DIGITAL: Files Schedules of Assets & Liabilities
-----------------------------------------------------
Apex Digital, Inc., has filed with the U.S. Bankruptcy Court for
the Central District of California its schedules of assets and
liabilities, disclosing:

  Name of Schedule                     Assets          Liabilities
  ----------------                     ------          -----------
A. Real Property                              $0
B. Personal Property                 $12,782,708
C. Property Claimed as
   Exempt
D. Creditors Holding
   Secured Claims                                      $12,198,130
E. Creditors Holding
   Unsecured Priority
   Claims                                                       $0
F. Creditors Holding
   Unsecured Non-priority
   Claims                                              $14,920,038
                                     -----------       -----------
      TOTAL                          $12,782,708       $27,118,168

Walnut, California-based Apex Digital, Inc. -- aka AW XEPA
Technologies Inc., AW Apex R&D Shangai, AW Apex, AW E2Go, AW
Entertainment to Go -- is a privately held company that provides
and markets consumer electronics, including high-definition LCD
televisions, home entertainment media devices, solar powered
lights and digital set top boxes.

Apex Digital filed for Chapter 11 protection on August 17, 2010
(Bankr. C.D. Calif. Case No. 10-44406).  Juliet Y. Oh, Esq., in
Los Angeles, California, assists the Debtor in its restructuring
effort.  The Debtor estimated its assets and debts at $10 million
to $50 million as of the Petition Date.


APEX DIGITAL: Wants to Sell Assets to Kith Consumer
---------------------------------------------------
Apex Digital, Inc., asks the U.S. Bankruptcy Court for the Central
District of California to enter an order (a) approving a
compromise with its secured creditor Kith Electronics Ltd., (b)
authorizing the sale of substantially all of its assets free and
clear of liens, claims, encumbrances and interests, to Kith
Consumer Product Inc., an affiliate of KEL, and (c) approving a
consulting agreement with Kith.

Under a consulting, sale and settlement agreement with Kith
Consumer, the Debtor will (i) transfer to Kith Consumer its
inventory, accounts receivable and certain other assets used in
its television business in exchange for the assumption by Kith
Consumer of a certain amount of the Kith Consumer affiliate Kith
Electronics Limited debt; and (ii) retention by Kith Consumer of
the Debtor as an independent contractor, pursuant to which the
Debtor will provide Kith Consumer certain consulting services.

The Debtor owes KEL a principal amount of $12,067,735 as of
August 13, 2010, plus $130,395.25 attorneys fees asserted by KEL.
The Debtor believes that the aggregate market value of its
inventory, accounts receivable, fixed assets and equipment is
approximately $12,685,149.79, although the actual realizable value
of the inventory relating to the television business may
significantly reduce that figure in the absence of the Agreement.

The Debtor, Kith Consumer and KEL have agreed that:

     a. all of the Debtor's interest in the television business
        inventory, pre-paid inventory, accounts receivable, sale
        orders and related books and records will be transferred
        to Kith free and clear of liens, claims and encumbrances;

     b. the KEL debt will be assumed by Kith Consumer except for
        the amount of $1,500,000 which will remain as a secured
        claim against the Debtor's remaining assets to the same
        priority, force and effect as KEL's existing lien; and

     c. the Debtor will provide future consulting services to Kith
        Consumer on the terms and for the consideration set forth
        in the Agreement.

If the Debtor cannot deliver title to the television inventory and
the television prepaid inventory free and clear of all claims
including intellectual property violations, Kith Consumer may
elect to exclude the television inventory and the television
prepaid inventory from the sale, in which event the $10,698,130.05
debt assumption will be reduced by $2,500,00, which will be an
unsecured claim against the Debtor.

As part of the settlement with KEL, the Debtor has agreed that
$1.5 million of the residual claim will remain subject to KEL's
existing security interest and lien, to the same priority, force
and effect as KEL's existing lien.

The Debtor believes that the proposed transactions will reduce KEL
secured claim by approximately $10.7 million.

A hearing will be held on September 15, 2010, at 9:30 a.m. on the
Debtor's request to sell the assets.

The Debtor is a producer and seller of consumer electronic
products, carried and sold in hundreds of retail outlets under the
"Apex Digital" trademark.  The Debtor's license to use the trade
name expired on July 24, 2010.

Kith Consumer is engaged in the marketing and distribution of
consumer electronic products.  Kith anticipates it will be able to
obtain the rights to use the "Apex Digital" trade name and would
like to add that to its product line.

According to the Debtor, while it values its television inventory
at $2,734,837 at cost with the "Apex Digital" trademark in place,
the inventory may become of questionable value to the Debtor now
that it has lost the right to use that trademark.  The Debtor's
only recourse other than a sale to Kith or some other party with
the right to use the trademark may be to attempt to return the
inventory to the manufacturers in China.  In that event, and
considering the costs of such return, the value would likely be a
fraction of the current value placed on it by the Debtor in the
ordinary course of business.

                         Objection Filed

Jiangsu Hongtu High Tech Co. Ltd. has objected to the sale of its
assets to Kith Consumer, saying that the request, if granted,
would validate the secured creditor's lien without the benefit of
a creditors committee's traditional substantive review of liens
and investigation into the possibility of lien avoidance.  "There
is no reason to rush the relief requested, however.  There is
plenty of cash flow for operations and the Debtor has provided no
evidence of any expected diminution in value of the secured
creditor's collateral if the relief is not granted quickly.  In
any event, this case should not be run solely for the benefit of
the secured creditor, which will continue to have a lien on the
Debtor's remaining assets and a potential veto over the Debtor's
use of cash collateral after the settlement/sale closes," Jiangsu
stated.  According to Jiangsu, the Debtor's and secured creditor's
quick deadline appears to be arbitrary, designed to short circuit
a substantive review by creditors and ensure the validation of the
secured creditor's lien before a creditors' committee can be
formed and get up to speed.

Jiangsu said that the actions of the parties to the settlement
agreement should be investigated and scrutinized, and Kith
Electronics' lien needs to be examined and the Debtor's
postclosing viability evaluated before this Court approves any
transfer of substantially all of the Debtor's assets.

Jiangsu is represented by Pachulski Stang Ziehl & Jones LLP.

                         About Apex Digital

Walnut, California-based Apex Digital, Inc. -- aka AW XEPA
Technologies Inc., AW Apex R&D Shangai, AW Apex, AW E2Go, AW
Entertainment to Go -- is a privately held company that provides
and markets consumer electronics, including high-definition LCD
televisions, home entertainment media devices, solar powered
lights and digital set top boxes.

Apex Digital filed for Chapter 11 protection on August 17, 2010
(Bankr. C.D. Calif. Case No. 10-44406).  Juliet Y. Oh, Esq., in
Los Angeles, California, assists the Debtor in its restructuring
effort.  The Debtor estimated its assets and debts at $10 million
to $50 million as of the Petition Date.


APPALACHIAN COMMUNITY: Ga. Bank Rated E- by Weiss Ratings
---------------------------------------------------------
Weiss Ratings has assigned its E- rating to Mccaysville, Ga.-based
Appalachian Community Bank FSB.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $93,857,000
in assets.


ASIAN BANK: Pa. Bank Rated E- by Weiss Ratings
----------------------------------------------
Weiss Ratings has assigned its E- rating to Philadelphia, Pa.-
based Asian Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $81,820,000 in assets.


ATLANTA BUSINESS: Ga. Bank Rated E+ by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E+ rating to Atlanta, Ga.-based
Atlanta Business Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$368,527,000 in assets.


ATLANTIC COAST: Ga. Bank Rated E by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E rating to Waycross, Ga.-based
Atlantic Coast Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $913,357,000 in assets.


ATLANTIC SOUTHERN: Ga. Bank Rated E- by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E- rating to Macon, Ga.-based
Atlantic Southern Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$941,833,000 in assets.


AXION INTERNATIONAL: Posts $2.2MM Net Loss in June 30 Quarter
-------------------------------------------------------------
Axion International Holdings, Inc., filed its quarterly report on
Form 10-Q, reporting a net loss of $2.2 million on $445,939 of
revenue for the three months ended June 30, 2010, compared with a
net loss of $1.1 million on $566,849 of revenue for the three
months ended June 30, 2009.

The Company had an accumulated deficit of $15.8 million and a
working capital deficit of $970,618 as of June 30, 2010.

The Company's balance sheet at June 30, 2010, showed $1.7 million
in total assets, $2.4 million in total liabilities, and a
stockholders' deficit of $663,972.

As reported in the Troubled Company Reporter on January 19, 2010,
Jewett, Schwartz, Wolfe and Associates, in Hollywood, Florida,
expressed substantial doubt about the Company's ability to
continue as a going concern, following its results for the fiscal
year ended September 30, 2009.  The independent auditors noted
that the Company has incurred significant losses since inception
and needs to seek new sources or methods of financing or revenue
to pursue its business strategy.

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

               http://researcharchives.com/t/s?6adb

                    About Axion International

New Providence, N.J.-based Axion International Holdings, Inc.
(OTC BB: AXIH) -- http://wwwaxionintl.com/-- is a structural
solution provider of cost-effective alternative infrastructure and
building products.  The Company's "green" proprietary technologies
allow for the development and manufacture of innovative structural
products made from virtually 100% recycled consumer and industrial
plastics.


BADGER STATE: Wisc. Bank Rated E- by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E- rating to Cassville, Wisc.-based
Badger State Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $93,098,000 in assets.


BANK 1ST: N.M. Bank Rated E- by Weiss Ratings
---------------------------------------------
Weiss Ratings has assigned its E- rating to Albuquerque, N.M.-
based Bank 1st.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $80,871,000 in assets.


BANK OF BARTLETT: Tenn. Bank Rated E- by Weiss Ratings
------------------------------------------------------
Weiss Ratings has assigned its E- rating to Bartlett, Tenn.-based
Bank of Bartlett.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $413,401,000 in assets.


BANK OF BELTON: Mo. Bank Rated E+ by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E+ rating to Belton, Mo.-based Bank
of Belton.  The rating company says that the institution currently
demonstrates what it considers to be significant weaknesses and
has also failed some of the basic tests it uses to identify fiscal
stability.  "Even in a favorable economic environment," Weiss
says, "it is our opinion that depositors or creditors could incur
significant risks."  As of March 31, 2010, the institution's
balance sheet showed $48,237,000 in assets.


BANK OF BOZEMAN: Mont. Bank Rated E- by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E- rating to Bozeman, Mont.-based
Bank of Bozeman.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $80,255,000 in assets.


BANK OF COMMERCE: Ill. Bank Rated E- by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E- rating to Wood Dale, Ill.-based
Bank of Commerce.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $196,070,000 in assets.


BANK OF COMMERCE: Fla. Bank Rated E- by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E- rating to Sarasota, Fla.-based
Bank of Commerce.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $334,648,000 in assets.


BANK OF CURRITUCK: N.C. Bank Rated E+ by Weiss Ratings
------------------------------------------------------
Weiss Ratings has assigned its E+ rating to Moyock, N.C.-based
Bank of Currituck.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $195,134,000 in assets.


BANK OF ELLIJAY: Ga. Bank Rated E- by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E- rating to Ellijay, Ga.-based
Bank of Ellijay.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $171,699,000 in assets.


BANK OF GEORGIA: Ga. Bank Rated E- by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E- rating to Peachtree City, Ga.-
based Bank of Georgia.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$378,487,000 in assets.


BANK OF GRANITE: N.C. Bank Rated E- by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E- rating to Granite Falls, N.C.-
based Bank of Granite.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$1,035,907,000 in assets.


BANK OF HAMPTON: Va. Bank Rated E+ by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E+ rating to Norfolk, Va.-based
Bank of Hampton Roads.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$2,728,803,000 in assets.


BANK OF JACKSON: Fla. Bank Rated E+ by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E+ rating to Graceville, Fla.-based
Bank of Jackson County.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $33,269,000
in assets.


BANK OF LAS VEGAS: Nev. Bank Rated E- by Weiss Ratings
------------------------------------------------------
Weiss Ratings has assigned its E- rating to Las Vegas, Nev.-based
Bank of Las Vegas.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $477,048,000 in assets.


BANK OF MACKS: Mo. Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to Macks Creek, Mo.-based
Bank of Macks Creek.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $24,857,000 in assets.


BANK OF MIAMI NA: Fla. Bank Rated E- by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E- rating to Coral Gables, Fla.-
based Bank of Miami NA.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$493,381,000 in assets.


BANK OF PERRY: Ga. Bank Rated E by Weiss Ratings
------------------------------------------------
Weiss Ratings has assigned its E rating to Perry, Ga.-based Bank
of Perry.  The rating company says that the institution currently
demonstrates what it considers to be significant weaknesses and
has also failed some of the basic tests it uses to identify fiscal
stability.  "Even in a favorable economic environment," Weiss
says, "it is our opinion that depositors or creditors could incur
significant risks."  As of March 31, 2010, the institution's
balance sheet showed $130,295,000 in assets.


BANK OF SANTA: Calif. Bank Rated E+ by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E+ rating to Santa Barbara, Calif.-
based Bank of Santa Barbara.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $85,006,000
in assets.


BANK OF SHOREWOOD: Ill. Bank Rated E- by Weiss Ratings
------------------------------------------------------
Weiss Ratings has assigned its E- rating to Shorewood, Ill.-based
Bank of Shorewood.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $137,752,000 in assets.


BANK OF SMITHTOWN: N.Y. Bank Rated E+ by Weiss Ratings
------------------------------------------------------
Weiss Ratings has assigned its E+ rating to Smithtown, N.Y.-based
Bank of Smithtown.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $2,427,868,000 in assets.


BANK OF THE CASCADES: Ore. Bank Rated E- by Weiss Ratings
---------------------------------------------------------
Weiss Ratings has assigned its E- rating to Bend, Ore.-based Bank
of The Cascades.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $2,083,883,000 in assets.


BANK OF THE PRAIRIE: Kan. Bank Rated E by Weiss Ratings
-------------------------------------------------------
Weiss Ratings has assigned its E rating to Olathe, Kan.-based Bank
of The Prairie.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $115,091,000 in assets.


BANK OF VIRGINIA: Va. Bank Rated E+ by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E+ rating to Midlothian, Va.-based
Bank of Virginia.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $217,135,000 in assets.


BANK OF WASH: Wash. Bank Rated E+ by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E+ rating to Lynnwood, Wash.-based
Bank of Washington.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $192,524,000 in assets.


BANKCHEROKEE: Minn. Bank Rated E+ by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E+ rating to Saint Paul, Minn.-
based Bankcherokee.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $234,006,000 in assets.


BANKEAST: Tenn. Bank Rated E+ by Weiss Ratings
----------------------------------------------
Weiss Ratings has assigned its E+ rating to Knoxville, Tenn.-based
Bankeast.  The rating company says that the institution currently
demonstrates what it considers to be significant weaknesses and
has also failed some of the basic tests it uses to identify fiscal
stability.  "Even in a favorable economic environment," Weiss
says, "it is our opinion that depositors or creditors could incur
significant risks."  As of March 31, 2010, the institution's
balance sheet showed $316,284,000 in assets.


BANKMERIDIAN NA: S.C. Bank Rated E- by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E- rating to Columbia, S.C.-based
Bankmeridian NA.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $303,731,000 in assets.


BANKS OF WISC: Wisc. Bank Rated E- by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E- rating to Kenosha, Wisc.-based
Banks of Wisconsin.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $228,737,000 in assets.


BARTOW COUNTY: Ga. Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to Cartersville, Ga.-
based Bartow County Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$411,460,000 in assets.


BARWICK BANKING: Ga. Bank Rated E by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E rating to Barwick, Ga.-based
Barwick Banking Co.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $12,107,000 in assets.


BATTLE CREEK: Neb. Bank Rated E+ by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E+ rating to Battle Creek, Neb.-
based Battle Creek State Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $28,098,000
in assets.


BAY BANK: Ala. Bank Rated E by Weiss Ratings
--------------------------------------------
Weiss Ratings has assigned its E rating to Mobile, Ala.-based Bay
Bank.  The rating company says that the institution currently
demonstrates what it considers to be significant weaknesses and
has also failed some of the basic tests it uses to identify fiscal
stability.  "Even in a favorable economic environment," Weiss
says, "it is our opinion that depositors or creditors could incur
significant risks."  As of March 31, 2010, the institution's
balance sheet showed $90,616,000 in assets.


BAY CITIES: Calif. Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to Redondo Beach, Calif.-
based Bay Cities National Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$266,671,000 in assets.


BAYTREE NATIONAL: Ill. Bank Rated E- by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E- rating to Lake Forest, Ill.-
based Baytree National Bank & Trust Co.  The rating company says
that the institution currently demonstrates what it considers to
be significant weaknesses and has also failed some of the basic
tests it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$198,132,000 in assets.


BBB ACQUISITION: Case Summary & 11 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: BBB Acquisition, LLC
        300 Main Street
        Cincinnati, OH 45202-4159

Bankruptcy Case No.: 10-21002

Chapter 11 Petition Date: August 24, 2010

Court: United States Bankruptcy Court
       District of Wyoming (Cheyenne)

Judge: Peter J. McNiff

Debtor's Counsel: Brent R. Cohen, Esq.
                  Chad S. Caby, Esq.
                  ROTHGERBER JOHNSON & LYONS LLP
                  1200 17th Street, Suite 3000
                  Denver, CO 80202-5855
                  Tel: (303) 628-9521
                  Fax: (303) 623-9222
                  E-mail: bcohen@rothgerber.com
                  E-mail: ccaby@rothgerber.com

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

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

The petition was signed by Mercer Reynolds, III, managing member.

Debtor's List of 11 Largest Unsecured Creditors:

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
The Dillard Family Trust  Judgement Dated        $14,000,000
U/A/D 8/6/03              July 2, 2010
204 San Rafael Avenue
Belvedere, CA 94920-2332

The Dillard Family Trust  Consequential          $244,102
U/A/D 5/6/03              damages
204 San Rafael Avenue
Belvedere, CA 94920-2332

Jackson Drilling          trade debt             $15,900
P.O. Box 6594
Jackson, WY 83002

Santen & Hughes           trade debt             $13,669

Cushman & Wakefield       trade debt             $2,500

Pierson Land Works        trade debt             $1,991

Wylie Law Firm            trade debt             $575

Bar B Bar Homeowners      trade debt             $435

Lower Valley Energy       utility                $325

Rain for Rent             trade debt             $301

Napa Auto Parts           trade debt             $52


BEACH COMMUNITY: Fla. Bank Rated E by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E rating to Fort Walton Beach,
Fla.-based Beach Community Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$686,340,000 in assets.


BEAR ISLAND: U.S. Court Approves Auction on Sept. 15
----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Bear Island Paper Co. LLC and its Canadian parent
White Birch Paper Co. won approval from the U.S. Bankruptcy Court
to conduct an auction on Sept. 15 to test whether the $90 million
cash offer from BD White Birch Investment LLC is the best bid for
their businesses.  Other bids are due Sept. 3. The hearing for
approval of the sale will take place Sept. 22.

According to Mr. Rochelle, before the sale procedures hearing,
Sixth Avenue Investment Co. LLC said it was willing to pay $10
million more than what BD White is offering.

Sixth Avenue is a group that includes Blue Mountain Capital
Management LLC, Lombard General Insurance Co. of Canada and
Macquarie Bank Ltd.

BD White Birch, which holds 65% of first lien debt, includes
affiliates of Black Diamond Capital Management LLC, Credit Suisse
Group AG, and Caspian Capital Advisors LLC.

                  About White Birch & Bear Island

Canada-based White Birch Paper Company is the second-largest
newsprint producer in North America.  As of December 31, 2009, the
White Birch Group held a 12% share of the North American newsprint
market and employed roughly 1,300 individuals (the majority of
which reside in Canada).  Bear Island Paper Company, L.L.C., is a
U.S.-based unit of White Birch.

Bear Island filed a voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Case No. 10-31202) on
February 24, 2010.  Bear Island estimated assets of $100 million
to $500 million and debts of $500 million to $1 billion in its
Chapter 11 petition.

White Birch filed for bankruptcy protection under Canada's
Companies' Creditors Arrangement Act, before the Superior Court
for the Province of Quebec, Commercial Division, Judicial District
of Montreal, Canada.  White Birch and five other affiliates --
F.F. Soucy Limited Partnership; F.F. Soucy, Inc. & Partners,
Limited Partnership; Papier Masson Ltee; Stadacona Limited
Partnership; and Stadacona General Partner, Inc. -- also sought
bankruptcy protection under Chapter 15 of the U.S. Bankruptcy Code
(Bankr. E.D. Va. Case No. 10-31234).

Jonathan L. Hauser, Esq., at Troutman Sanders LLP, in Virginia
Beach, Virginia; and Richard M. Cieri, Esq., Christopher J.
Marcus, Esq., and Michael A. Cohen, Esq., at Kirkland & Ellis LLP,
in New York, serve as counsel to White Birch, as Foreign
Representative.  Kirkland & Ellis and Troutman Sanders also serve
as Chapter 11 counsel to Bear Island.  AlixPartners LLP serves as
financial and restructuring advisors to Bear Island, and Lazard
Freres & Co., serves as investment banker.  Chief Judge Douglas O.
Tice, Jr., handles the Chapter 11 and Chapter 15 cases.


BLUE RIDGE: N.C. Bank Rated E- by Weiss Ratings
-----------------------------------------------
Weiss Ratings has assigned its E- rating to Asheville, N.C.-based
Blue Ridge SB Inc.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $208,671,000 in assets.


BORDER TRUST: Maine Bank Rated E- by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E- rating to Augusta, Maine-based
Border Trust Co.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $81,018,000 in assets.


BRAMBLE SB: Ohio Bank Rated E- by Weiss Ratings
-----------------------------------------------
Weiss Ratings has assigned its E- rating to Milford, Ohio-based
Bramble SB.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $50,308,000 in assets.


BUILDERS BANK: Ill. Bank Rated E by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E rating to Chicago, Ill.-based
Builders Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $464,104,000 in assets.


BUSINESS BANK: Wash. Bank Rated E by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E rating to Burlington, Wash.-based
Business Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $112,480,000 in assets.


C&B RENT-ALL: Gets 6-Month Forbearance From Jefferson IDA
---------------------------------------------------------
Nancy Madsen, writing for The Watertown Daily Times, reports that
the Jefferson County Industrial Development Agency's board has
agreed to a six-month forbearance on a loan to C&B Rent-All, owned
by Eric J. Soules.  According to the report, the equipment rental
business, which opened in 2002 on Route 11 in Adams Center, is
closed and Mr. Soules is selling the property to repay the
outstanding loan, which totals about $61,149.


CADENCE BANK: Miss. Bank Rated E by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E rating to Starkville, Miss.-based
Cadence Bank NA.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $1,879,036,000 in assets.


CANYON NATIONAL: Calif. Bank Rated E by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E rating to Palm Springs, Calif.-
based Canyon National Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$247,469,000 in assets.


CAPITOL CITY: Ga. Bank Rated E- by Weiss Ratings
------------------------------------------------
Weiss Ratings has assigned its E- rating to Atlanta, Ga.-based
Capitol City Bank & Trust Co.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$313,543,000 in assets.


CAPITOL NATIONAL: Mich. Bank Rated E- by Weiss Ratings
------------------------------------------------------
Weiss Ratings has assigned its E- rating to Lansing, Mich.-based
Capitol National Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$194,817,000 in assets.


CARIBBEAN PETROLEUM: Taps Cadwalader Wickersham as Lead Counsel
---------------------------------------------------------------
Caribbean Petroleum Corporation and its debtor-affiliates ask the
U.S. Bankruptcy Court for the District of Delaware for permission
to employ Cadwalader, Wickersham & Taft LLP as lead bankruptcy
counsel.

CWT will, among other things:

   -- advise the Debtors concerning actions they might take to
      collect and recover property for the benefit of their
      estates;

   -- advise and assist the Debtors in connection with the
      contemplated sale of all or substantially all of their
      assets;

   -- advise the Debtors concerning executory contracts and
      unexpired lease assumptions, assignments, and rejections.

The Debtors relate that the services of CWT will complement and
not duplicate the services rendered by Richards, Layton & Finger,
P.A., as co-bankruptcy counsel; McConnell Valdes LLC as special
corporate counsel; and Kurtzman Carson Consultants LLC, as
noticing, claims, and balloting agent.

CWT received a $250,000 retainer for its professional services.
As of the Petition Date, CWT has fully applied the retainer and
received $668,809 additional compensation from the Debtors.

The hourly rates of the CWT personnel are:


     Partners                   $650 - $995
     Attorneys                  $335 - $995
     Legal Assistants           $170 - $265

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

               About Caribbean Petroleum Corporation

San Juan, Puerto Rico-based Caribbean Petroleum Corporation, aka
CAPECO, owns and operates certain facilities in Bayomon, Puerto
Rico for the import, offloading, storage and distribution of
petroleum products.

Cribbean Petroleum filed for Chapter 11 protection (Bankr. D. Del.
Case No. 10-12553) on August 12, 2010, nearly 10 months after a
massive explosion at its major Puerto Rican fuel storage depot
virtually shut down the company's operations.  The Debtor
estimated its assets at $100 million to $500 million and its
debts at $500 million to $1 billion as of the Petition Date.

Affiliates Caribbean Petroleum Refining, L.P., and Gulf Petroleum
Refining (Puerto Rico) Corporation filed separate Chapter 11
petitions on August 12, 2010.

Jason M. Madron, Esq., at Richards, Layton & Finger, P.A., serves
as co-counsel to the Debtors.  The Debtors' financial advisor is
FTI Consulting Inc.  The Debtors' chief restructuring officer is
Kevin Lavin of FTI Consulting Inc.


CARIBBEAN PETROLEUM: Taps Richards Layton as Bankruptcy Co-Counsel
------------------------------------------------------------------
Caribbean Petroleum Corporation and its debtor-affiliates ask the
U.S. Bankruptcy Court for the District of Delaware for permission
to employ Richards, Layton & Finger, P.A. as co-counsel.

RL&F will, among other things:

   -- take all necessary actions to protect and preserve the
      estates of the Debtors, including the prosecution of actions
      on the Debtors' behalf, the defense of any actions commenced
      against the Debtors, the negotiation of disputes in which
      the Debtors are involved, and the preparation of objections
      to claims filed against the Debtors' estates;

   -- advise the Debtors of their rights, powers, and duties as
      Debtors-in-possession; and

   -- prepare on behalf of the Debtors, all necessary motions,
      applications, answers, orders, reports, and other papers in
      connection with the administration of the Debtors' estates
      and serve the papers on creditors.

The Debtors relate that the services of RL&F will complement and
not duplicate the services rendered by Cadwalader, Wickersham &
Taft LLP as lead bankruptcy counsel; and McConnell Valdes LLC as
special corporate counsel.

Mark D. Colllins, tells the Court that the Debtors do not owe RL&F
any amount for services rendered or expenses incurred prior to the
commencement date.  RL&F received a $50,000 retainer as
compensation for professional services rendered and reimbursement
of expenses incurred.

The Debtors propose that the remainder of the retainer be treated
as an evergreen retainer.

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

                     About Caribbean Petroleum

San Juan, Puerto Rico-based Caribbean Petroleum Corporation, aka
CAPECO, owns and operates certain facilities in Bayomon, Puerto
Rico for the import, offloading, storage and distribution of
petroleum products.

Cribbean Petroleum filed for Chapter 11 protection (Bankr. D. Del.
Case No. 10-12553) on August 12, 2010, nearly 10 months after a
massive explosion at its major Puerto Rican fuel storage depot
virtually shut down the company's operations.  The Debtor
estimated assets at $100 million to $500 million and debts at
$500 million to $1 billion as of the Petition Date.

Affiliates Caribbean Petroleum Refining, L.P., and Gulf Petroleum
Refining (Puerto Rico) Corporation filed separate Chapter 11
petitions on August 12, 2010.

The Debtors' lead counsel is Cadwalader, Wickersham & Taft LLP.
The Debtors' financial advisor is FTI Consulting Inc.  The
Debtors' chief restructuring officer is Kevin Lavin of FTI
Consulting Inc.


CARIBBEAN PETROLEUM: Meeting of Creditors Set for September 16
--------------------------------------------------------------
Roberta A. DeAngelis, Acting United States Trustee for Region 3,
will convene a meeting of creditors in Caribbean Petroleum Corp.,
et al.'s Chapter 11 cases on September 16, 2010, at 10:00 a.m.,
Eastern Daylight Time.  The meeting will be held at J. Caleb Boggs
Federal Building, 844 King Street, 2nd Floor, Room 2112,
Wilmington, Delaware.

This is the first meeting of creditors required under Section
341(a) of the 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.

San Juan, Puerto Rico-based Caribbean Petroleum Corporation, aka
CAPECO, owns and operates certain facilities in Bayomon, Puerto
Rico for the import, offloading, storage and distribution of
petroleum products.

Cribbean Petroleum filed for Chapter 11 protection (Bankr. D. Del.
Case No. 10-12553) on August 12, 2010, nearly 10 months after a
massive explosion at its major Puerto Rican fuel storage depot
virtually shut down the company's operations.  The Debtor
estimated assets at $100 million to $500 million and debts at
$500 million to $1 billion as of the Petition Date.

Affiliates Caribbean Petroleum Refining, L.P., and Gulf Petroleum
Refining (Puerto Rico) Corporation filed separate Chapter 11
petitions on August 12, 2010.

Jason M. Madron, Esq., at Richards, Layton & Finger, P.A., serves
as counsel to the Debtors.  The Debtors' co-counsel is Cadwalader,
Wickersham & Taft LLP.  The Debtors' financial advisor is FTI
Consulting Inc.  The Debtors' chief restructuring officer is Kevin
Lavin of FTI Consulting Inc.


CAROLINA FSB: S.C. Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to Charleston, S.C.-based
Carolina FSB.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $61,174,000 in assets.


CELEBRITY RESORTS: U.S. Trustee Forms Creditors Committee
---------------------------------------------------------
The United States Trustee for Region 21 disclosed the appointment
of a three-member Official Committee of Unsecured Creditors in the
Chapter 11 bankruptcy cases of Celebrity Resorts, LLC and its
affiliates, netDockets reports.

According to the report, the members of the Creditors Committee
are:

   -- McDonnel Corp. (d/b/a Resort Pool Services)
   -- Systems Products International
   -- Carpe Diem Sales & Marketing

Orlando, Florida-based Celebrity Resorts, LLC, filed for Chapter
11 bankruptcy protection on March 5, 2010 (Bankr. M.D. Fla. Case
No. 10-03550).  R. Scott Shuker, Esq., at Latham Shuker Eden &
Beaudine LLP, assists the Debtor in its restructuring effort.  The
Company estimated assets and debts at $10 million to $50 million
in its Chapter 11 petition.


CELL THERAPEUTICS: Director Nudelman Sells 40,000 Shares
--------------------------------------------------------
Phillip M. Nudelman Ph.D., director at Cell Therapeutics Inc.,
disposed of 40,000 company shares in several transactions on
August 31, according to his Form 4 filing with the Securities and
Exchange Commission.  The sales were effected pursuant to a Rule
10b5-1 trading plan.  The shares were sold between $0.360 and
$0.367 a share.  He directly holds 2,454,865 following the
transactions.

There are 758,475,531 shares outstanding at July 30, 2010.

                     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.

As of June 30, 2010, the Company had $94.578 million in total
assets; total liabilities of $77.707 million, common stock
purchase warrants of $12.255 million and non-controlling interest
of negative $308 million; and shareholders' equity of
$4.616 million.

                       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 June 30, 2010, the
Company said it does not expect that existing cash and cash
equivalents, including the cash received from the issuance of its
Series 6 preferred stock and warrants, will be sufficient to fund
presently anticipated operations beyond the fourth quarter of
2010.

The Company has commenced cost saving initiatives to reduce
operating expenses, including the reduction of employees related
to planned commercial pixantrone operations and continues to seek
additional areas for cost reductions.  However, the Company said
it will need to raise additional funds and is currently exploring
alternative sources of equity or debt financing.  The Company said
it may seek to raise such capital through public or private equity
financings, partnerships, joint ventures, disposition of assets,
debt financings or restructurings, bank borrowings or other
sources of financing.

The Company has called an annual meeting of shareholders that is
scheduled to be held on September 16, 2010, to ask shareholders to
approve proposals, including a proposal to increase authorized
shares of common and preferred stock from 810,000,000 to
1,210,000,000 shares.  If the shareholders do not approve this
proposal, then the Company said it will not be able to issue
shares of common stock or securities convertible for shares of its
common stock, and thus, may not be able to raise additional
capital.

If the shareholders approve this proposal, the Company said its
Board of Directors would have the option to issue such shares
depending on its financial needs and the market opportunities if
deemed to be in the best interest of shareholders.  However,
additional funding may not be available on favorable terms or at
all.  If additional funds are raised by issuing equity securities,
substantial dilution to existing shareholders may result.

"If we fail to obtain additional capital when needed, we may be
required to delay, scale back, or eliminate some or all of our
research and development programs and may be forced to cease
operations, liquidate our assets and possibly seek bankruptcy
protection," the Company said.


CENTRAL ARIZONA: Ariz. Bank Rated E by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E rating to Casa Grande, Ariz.-
based Central Arizona Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $90,712,000
in assets.


CENTRAL BANK: Ga. Bank Rated E+ by Weiss Ratings
------------------------------------------------
Weiss Ratings has assigned its E+ rating to Ellaville, Ga.-based
Central Bank of Georgia.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$308,603,000 in assets.


CENTRAL PROGRESSIVE: La. Bank Rated E- by Weiss Ratings
-------------------------------------------------------
Weiss Ratings has assigned its E- rating to Lacombe, La.-based
Central Progressive Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$413,103,000 in assets.


CENTRAL VIRGINIA: Va. Bank Rated E- by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E- rating to Powhatan, Va.-based
Central Virginia Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$470,057,000 in assets.


CENTRUST BANK: Ill. Bank Rated E+ by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E+ rating to Northbrook, Ill.-based
Centrust Bank NA.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $113,654,000 in assets.


CENTURY BANK: Ohio Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to Parma, Ohio-based
Century Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $130,326,000 in assets.


CHARTER NATIONAL: Ill. Bank Rated E by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E rating to Hoffman Estates, Ill.-
based Charter National Bank & Trust.  The rating company says that
the institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$114,446,000 in assets.


CHARTER OAK: Calif. Bank Rated E+ by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E+ rating to Napa, Calif.-based
Charter Oak Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $138,620,000 in assets.


CHESTATEE STATE: Ga. Bank Rated E- by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E- rating to Dawsonville, Ga.-based
Chestatee State Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$267,348,000 in assets.


CHINA VOIP: Posts $111,700 Net Loss in June 30 Quarter
------------------------------------------------------
China VoIP & Digital Telecom, Inc., filed its quarterly report on
Form 10-Q, reporting a net loss of $111,730 on $1.0 million of
revenue for the three months ended June 30, 2010, compared with
net income of $1.3 million on $75,745 of revenue for the same
period last year.

The Company recorded an operating loss of $984,087 during the
three month period ended June 30, 2010, compared to an operating
loss of $158,759 during the same period of 2009.  Significant
growth of net revenues during the three month period ended
June 30, 2010, was not enough to offset the increases in cost of
revenue and SG&A expenses.

The Company has an accumulated deficit of $5.0 million as of
June 30, 2010.

The Company's balance sheet as of June 30, 2010, showed
$8.4 million in total assets, $7.6 million in total liabilities,
and stockholders' equity of $861,829.

As reported in the Troubled Company Reporter on April 28, 2010,
Kabani & Company, Inc., in Los Angeles, expressed substantial
doubt about the Company's ability to continue as a going concern,
following its 2009 results.  The independent auditors noted that
of the Company's significant operating losses and insufficient
capital.

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

               http://researcharchives.com/t/s?6acb

Based in Jihan, China, China VoIP & Digital Telecom, Inc.,
formerly known as Crawford Lake Mining, Inc., is a developer of
computer software and hardware and digital video pictures system
and a developer of computer network and network audio devices,
parts and low value consumables.  After completing the acquisition
of Beijing PowerUnique Technologies Co., Ltd. in 2008, the Company
was focusing on the Voice over Internet Phone, information
security and virtualization technology related business.


CITIZENS BANK: Ga. Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to Springfield, Ga.-based
Citizens Bank of Effingham.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$242,264,000 in assets.


CITIZENS BANK: Calif. Bank Rated E by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E rating to Nevada City, Calif.-
based Citizens Bank of Northern Ca.  The rating company says that
the institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$338,159,000 in assets.


CITIZENS COMMERCE: Ky. Bank Rated E- by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E- rating to Versailles, Ky.-based
Citizens Commerce National Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$332,565,000 in assets.


CITIZENS NB: Mo. Bank Rated E- by Weiss Ratings
-----------------------------------------------
Weiss Ratings has assigned its E- rating to Springfield, Mo.-based
Citizens NB of Springfield.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$270,101,000 in assets.


CITIZENS STATE: Wisc. Bank Rated E- by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E- rating to Hudson, Wisc.-based
Citizens State Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $162,499,000 in assets.


CITIZENS STATE: Ill. Bank Rated E+ by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E+ rating to Cropsey, Ill.-based
Citizens State Bank of Cropsey.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $43,946,000
in assets.


CLARKSTON STATE: Mich. Bank Rated E- by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E- rating to Clarkston, Mich.-based
Clarkston State Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$110,372,000 in assets.


COASTAL BANK: Fla. Bank Rated E+ by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E+ rating to Cocoa Beach, Fla.-
based Coastal Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $149,507,000 in assets.


COASTAL COMMUNITY: Wash. Bank Rated E+ by Weiss Ratings
-------------------------------------------------------
Weiss Ratings has assigned its E+ rating to Everett, Wash.-based
Coastal Community Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$266,337,000 in assets.


COATESVILLE SB: Pa. Bank Rated E+ by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E+ rating to Coatesville, Pa.-based
Coatesville SB.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $222,241,000 in assets.


COLOMBO BANK: Md. Bank Rated E- by Weiss Ratings
------------------------------------------------
Weiss Ratings has assigned its E- rating to Rockville, Md.-based
Colombo Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $165,151,000 in assets.


COLONIAL BANCGROUP: Staves Off $1-Bil. Claim by FDIC
----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Colonial BancGroup Inc. won a major victory over the
Federal Deposit Insurance Corp. when the bankruptcy judge in
Montgomery, Alabama, ruled on Aug. 31 that Colonial hadn't made an
enforceable agreement to make up a $1 billion capital deficiency
at its bank unit, which was taken over by the FDIC.

According to the report, in the Aug. 31 opinion, supplemented by a
43-page revised opinion September 1, U.S. Bankruptcy Judge Dwight
H. Williams Jr. ruled against the FDIC in connection with the
series of agreements signed by the holding company with the
Federal Reserve where the bank was compelled to increase its
capital.

Judge Williams, the report relates, concluded that the language in
the underlying agreements didn't comply with the definitions in 11
U.S.C. Sec. 365(o), which compels a company in bankruptcy to cure
any deficit under "any commitment by the debtor to a federal
depository institutions regulatory agency" related to the
maintenance of capital.

The judge, according to Mr. Rochelle, said that the agreements did
"not make the debtor either primarily or secondarily liable for
the bank's obligations."  The agreements only required the holding
company to "assist" the bank.  "Most importantly," Judge Williams
said, the agreements didn't "require the debtor to make a capital
infusion, in any amount, in the bank."

                   About The Colonial BancGroup

Headquartered in Montgomery, Alabama, The Colonial BancGroup,
Inc., (NYSE: CNB) was holding company to Colonial Bank, N.A, its
banking subsidiary.  Colonial bank -- http://www.colonialbank.com/
-- operated 354 branches in Florida, Alabama, Georgia, Nevada and
Texas with over $26 billion in assets.  On August 14, 2009,
Colonial Bank was seized by regulators and the Federal Deposit
Insurance Corporation was named receiver.  The FDIC sold most of
the assets to Branch Banking and Trust, Winston-Salem, North
Carolina.  BB&T acquired $22 billion in assets and assumed
$20 billion in deposits of the Bank.

The Colonial BancGroup filed for Chapter 11 bankruptcy protection
on August 25, 2009 (Bankr. M.D. Ala. Case No. 09-32303).  W. Clark
Watson, Esq., at Balch & Bingham LLP, and Rufus T. Dorsey IV,
Esq., at Parker Hudson Rainer & Dobbs LLP, assist the Debtor in
its restructuring effort.  In its schedules, the Debtor disclosed
$45 million in total assets and $380 million in total liabilities
as of the Petition Date.


COLONIAL BANCGROUP: Gets Nov. 18 Plan Exclusivity Extension
-----------------------------------------------------------
Colonial BancGroup Inc. sought and obtained an extension until
Nov. 18 of its exclusive right to propose a Chapter 11 plan.

Colonial scored a key victory last week over the Federal Deposit
Insurance Corp. when Bankruptcy Judge Dwight H. Williams rejected
the FDIC's $905 million claim against Colonial BancGroup on
account of prepetition agreements signed by Colonial to make up a
capital deficiency at its bank unit, before the bank was taken
over by the FDIC.

                    About The Colonial BancGroup

Headquartered in Montgomery, Alabama, The Colonial BancGroup,
Inc., (NYSE: CNB) was holding company to Colonial Bank, N.A, its
banking subsidiary.  Colonial bank -- http://www.colonialbank.com/
-- operated 354 branches in Florida, Alabama, Georgia, Nevada and
Texas with over $26 billion in assets.  On August 14, 2009,
Colonial Bank was seized by regulators and the Federal Deposit
Insurance Corporation was named receiver.  The FDIC sold most of
the assets to Branch Banking and Trust, Winston-Salem, North
Carolina.  BB&T acquired $22 billion in assets and assumed
$20 billion in deposits of the Bank.

The Colonial BancGroup filed for Chapter 11 bankruptcy protection
on August 25, 2009 (Bankr. M.D. Ala. Case No. 09-32303).  W. Clark
Watson, Esq., at Balch & Bingham LLP, and Rufus T. Dorsey IV,
Esq., at Parker Hudson Rainer & Dobbs LLP, assist the Debtor in
its restructuring effort.  In its schedules, the Debtor disclosed
$45 million in total assets and $380 million in total liabilities
as of the Petition Date.


COLUMBIA SB: Ohio Bank Rated E+ by Weiss Ratings
------------------------------------------------
Weiss Ratings has assigned its E+ rating to Cincinnati, Ohio-based
Columbia SB.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $56,233,000 in assets.


COMMUNICATION INTELLIGENCE: Phoenix Venture Holds 44.1% Stake
-------------------------------------------------------------
Phoenix Venture Fund LLC and affiliated funds disclosed that it
may be deemed to beneficially own 150,916,166 shares of
Communication Intelligence Corporation common stock representing
approximately 44.1% of the outstanding shares of Common Stock.

Headquartered in Redwood Shores, California, Communication
Intelligence Corporation and its joint venture is a supplier of
electronic signature solutions for business process automation in
the financial industry as well as the recognized leader in
biometric signature verification.

As of June 30, 2010, the Company had $5,080,000 in total assets,
$7,589,000 in total liabilities, and $2,509,000 in stockholder's
deficit.

GHP Horwath, P.C. in Denver, Colorado, the Company's auditor, has
expressed substantial doubt about its ability to continue as a
going concern.  The Company noted, in its Form 10-K for the year
ended Dec. 31, 2010, of its recurring losses and limited
liquidity.


COMMUNITY BANK: Ga. Bank Rated E+ by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E+ rating to Lagrange, Ga.-based
Community Bank & Trust - West.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$108,912,000 in assets.


COMMUNITY BANK: Ala. Bank Rated E by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E rating to Union Springs, Ala.-
based Community Bank & Trust- Alabama.  The rating company says
that the institution currently demonstrates what it considers to
be significant weaknesses and has also failed some of the basic
tests it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $92,341,000
in assets.


COMMUNITY BANK: Mass. Bank Rated E by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E rating to Brockton, Mass.-based
Community Bank A Ma Co-Op Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$352,359,000 in assets.


COMMUNITY BANK: Wisc. Bank Rated E- by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E- rating to Colby, Wisc.-based
Community Bank of Central Wisc..  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$143,976,000 in assets.


COMMUNITY BANK: Ga. Bank Rated E- by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E- rating to Rockmart, Ga.-based
Community Bank of Rockmart.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $68,475,000
in assets.


COMMUNITY BANK: Ga. Bank Rated E- by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E- rating to Smyrna, Ga.-based
Community Bank of The South.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$376,331,000 in assets.


COMMUNITY CAPITAL: Ga. Bank Rated E by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E rating to Jonesboro, Ga.-based
Community Capital Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$205,635,000 in assets.


COMMUNITY CENTRAL: Mich. Bank Rated E- by Weiss Ratings
-------------------------------------------------------
Weiss Ratings has assigned its E- rating to Mount Clemens, Mich.-
based Community Central Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$558,201,000 in assets.


COMMUNITY FIRST: Ill. Bank Rated E- by Weiss Ratings
----------------------------------------------------
Weiss Ratings has assigned its E- rating to Chicago, Ill.-based
Community First Bank- Chicago.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $60,009,000
in assets.


COMMUNITY FSB: N.Y. Bank Rated E+ by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E+ rating to Woodhaven, N.Y.-based
Community FSB.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $60,516,000 in assets.


COMMUNITY SHORES: Mich. Bank Rated E+ by Weiss Ratings
------------------------------------------------------
Weiss Ratings has assigned its E+ rating to Muskegon, Mich.-based
Community Shores Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$253,761,000 in assets.


COMMUNITY TRUST: Tenn. Bank Rated E+ by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E+ rating to Ooltewah, Tenn.-based
Community Trust & Banking Co.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$152,725,000 in assets.


COMMUNITYSOUTH BANK: S.C. Bank Rated E- by Weiss Ratings
--------------------------------------------------------
Weiss Ratings has assigned its E- rating to Easley, S.C.-based
Communitysouth Bank & Trust.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$440,542,000 in assets.


COPPER STAR: Ariz. Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to Scottsdale, Ariz.-
based Copper Star Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$215,193,000 in assets.


CORNERSTONE BANK: N.C. Bank Rated E- by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E- rating to Wilson, N.C.-based
Cornerstone Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $189,930,000 in assets.


CORNERSTONE COMMUNITY: Tenn. Bank Rated E by Weiss Ratings
----------------------------------------------------------
Weiss Ratings has assigned its E rating to Chattanooga, Tenn.-
based Cornerstone Community Bank.  The rating company says that
the institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$559,048,000 in assets.


CORNERSTONE COMMUNITY: Fla. Bank Rated E+ by Weiss Ratings
----------------------------------------------------------
Weiss Ratings has assigned its E+ rating to Saint Petersburg,
Fla.-based Cornerstone Community Bank.  The rating company says
that the institution currently demonstrates what it considers to
be significant weaknesses and has also failed some of the basic
tests it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$321,898,000 in assets.


CORNERSTONEBANK: Ga. Bank Rated E- by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E- rating to Atlanta, Ga.-based
Cornerstonebank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $535,573,000 in assets.


COSINE COMMUNICATIONS: To Hold Special Stockholders' Meeting
------------------------------------------------------------
A Special Meeting of Stockholders of CoSine Communications, Inc.,
will be held at a yet to be determined date at the offices of
Collette Erickson Farmer & O'Neill LLP, 235 Pine Street, Suite
1300, in San Francisco, California, for these purposes:

     1. To consider and vote upon a proposal to amend its Fourth
        Amended and Restated Certificate of Incorporation, to
        effect a 1-for-500 reverse stock split of its common
        stock, $0.0001 par value per share;

     2. To consider and vote upon a proposal to amend its Restated
        Certificate, to effect, immediately after the Reverse
        Stock Split, a 500-for-1 forward stock split of its Common
        Stock;

     3. To transact other business as may properly come before the
        Special Meeting or any adjournments or postponements
        thereof.

A special committee of the Board of Directors, consisting solely
of independent directors, was formed to determine the fairness to
the Company and its stockholders of engaging in a transaction
enabling the Company to cease its periodic reporting obligations
under the Securities Exchange Act of 1934, as amended, the various
alternatives for consummating such a transaction and to recommend
to the full Board the structure of such a transaction and the
recommended terms thereof.  The Special Committee has obtained an
analysis of the value of the Company's Common Stock from Cassel
Salpeter & Co., its independent financial advisor, to assist the
Special Committee in determining whether the Consideration Price
to be received by the Company's unaffiliated stockholders for
their shares of Common Stock to be cashed-out as a result of the
Reverse Stock Split is fair to all the Company's unaffiliated
stockholders.

After careful consideration, the Special Committee has concluded
that the Transaction is in the best interests of, and the price to
be paid per fractional share is fair to, all the Company's
unaffiliated stockholders and has unanimously recommended the
Transaction to the Board.  Based on such recommendation, the Board
has unanimously determined that the Transaction is fair to, and in
the best interests of, the Company and its stockholders, including
all of our unaffiliated stockholders.

A full-text copy of the Company's proxy statement is available at
no charge at http://ResearchArchives.com/t/s?6adc

A full-text copy of the Preliminary Valuation Presentation, dated
August 17, 2010, is available at no charge at:

             http://ResearchArchives.com/t/s?6add

                    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.

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 in stockholders' equity.

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.


COVENANT BANK: Ga. Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to Rock Spring, Ga.-based
Covenant Bank & Trust.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$113,086,000 in assets.


CREEKSIDE BANK: Ga. Bank Rated E by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E rating to Woodstock, Ga.-based
Creekside Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $117,620,000 in assets.


CROYDON SB: Pa. Bank Rated E- by Weiss Ratings
----------------------------------------------
Weiss Ratings has assigned its E- rating to Croydon, Pa.-based
Croydon SB.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $11,839,000 in assets.


CURRIE STATE: Minn. Bank Rated E by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E rating to Currie, Minn.-based
Currie State Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $45,840,000 in assets.


DARBY BANK: Ga. Bank Rated E- by Weiss Ratings
----------------------------------------------
Weiss Ratings has assigned its E- rating to Vidalia, Ga.-based
Darby Bank & Trust Co.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$791,922,000 in assets.


DARIEN ROWAYTON: Conn. Bank Rated E+ by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E+ rating to Darien, Conn.-based
Darien Rowayton Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$105,229,000 in assets.


DAVISON STATE: Mich. Bank Rated E- by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E- rating to Davison, Mich.-based
Davison State Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $37,608,000 in assets.


DECATUR FIRST: Ga. Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to Decatur, Ga.-based
Decatur First Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $241,380,000 in assets.


DICKINSON COUNTY: Kan. Bank Rated E+ by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E+ rating to Enterprise, Kan.-based
Dickinson County Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $14,352,000
in assets.


DOUGLAS COUNTY: Ga. Bank Rated E- by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E- rating to Douglasville, Ga.-
based Douglas County Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$357,298,000 in assets.


DOWNERS GROVE: Ill. Bank Rated E by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E rating to Downers Grove, Ill.-
based Downers Grove National Bank.  The rating company says that
the institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$255,325,000 in assets.


EAGLE COMMUNITY: Minn. Bank Rated E- by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E- rating to Maple Grove, Minn.-
based Eagle Community Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $27,595,000
in assets.


EAGLE VALLEY: Wisc. Bank Rated E- by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E- rating to Saint Croix Falls,
Wisc.-based Eagle Valley Bank NA.  The rating company says that
the institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$192,022,000 in assets.


EARTHSTAR BANK: Pa. Bank Rated E- by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E- rating to Southampton, Pa.-based
Earthstar Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $122,868,000 in assets.


EAST COAST: Fla. Bank Rated E+ by Weiss Ratings
-----------------------------------------------
Weiss Ratings has assigned its E+ rating to Ormond Beach, Fla.-
based East Coast Community Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $95,219,000
in assets.


EAST DUBUQUE: Iowa Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to Dubuque, Iowa-based
East Dubuque SB.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $211,974,000 in assets.


EASTERN FEDERAL: Conn. Bank Rated E+ by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E+ rating to Norwich, Conn.-based
Eastern Federal Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$170,761,000 in assets.


EASTSIDE COMMERCIAL: Ga. Bank Rated E+ by Weiss Ratings
-------------------------------------------------------
Weiss Ratings has assigned its E+ rating to Conyers, Ga.-based
Eastside Commercial Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$214,242,000 in assets.


EASTSIDE COMMERCIAL: Wash. Bank Rated E- by Weiss Ratings
---------------------------------------------------------
Weiss Ratings has assigned its E- rating to Bellevue, Wash.-based
Eastside Commercial Bank NA.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed $56,240,000
in assets.


ECLIPSE BANK: Ky. Bank Rated E+ by Weiss Ratings
------------------------------------------------
Weiss Ratings has assigned its E+ rating to Louisville, Ky.-based
Eclipse Bank Inc.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $120,018,000 in assets.


EDGEBROOK BANK: Ill. Bank Rated E by Weiss Ratings
--------------------------------------------------
Weiss Ratings has assigned its E rating to Chicago, Ill.-based
Edgebrook Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of March 31, 2010,
the institution's balance sheet showed $85,642,000 in assets.


EMMIS COMMUNICATIONS: Exchange Offer to Expire Today
----------------------------------------------------
Emmis Communications Corporation has extended its offer to issue
12% PIK Senior Subordinated Notes due 2017 in exchange for Emmis'
6.25% Series A Cumulative Convertible Preferred Stock at a rate of
$30.00 principal amount of New Notes for each $50.00 of
liquidation preference of Preferred Stock.

In light of ongoing discussions between the representatives of
Jeffrey Smulyan's JS Acquisition Inc., Emmis Communications and
Alden Global Funds and the representatives of Locked-Up Holders of
Emmis securities as of September 3, 2010:

     -- Emmis extended its exchange offer until 5:00 p.m., New
        York City time, on Wednesday, September 8, 2010;

     -- Emmis initially adjourned the special meeting of Emmis
        shareholders, which was convened at 6:30 p.m., local time,
        on Thursday, September 2, 2010, at Emmis' Headquarters, to
        vote on certain proposed amendments to the Company's
        preferred shares, until 8:30 a.m., local time, on Friday,
        September 3, 2010, and subsequently adjourned the meeting
        until 6:30 p.m., local time, on Wednesday, September 8,
        2010, at Emmis' Headquarters; and

     -- JS Acquisition further extended the Offer until 5:00 p.m.,
        New York City time, on Wednesday, September 8, 2010.

On the same day, Emmis (with the approval of the Committee)
consented to the further extension of the Offer, and JS Parent
consented to the further extension of the Exchange Offer, pursuant
to the terms of the Merger Agreement.

Also on the same day, Alden consented to the further extension of
the Offer and the Exchange Offer pursuant to the terms of the
Alden Purchase Agreement.  As of September 3, 2010, although an
agreement among the various parties remained unlikely, the
extension was warranted due to the continuing discussions.

As of 5:00 p.m., New York City time, on Thursday, September 2,
2010, 19,824,537 shares of Class A Common Stock had been tendered
into and not withdrawn from the Tender Offer.  If not withdrawn at
or prior to expiration of the Tender Offer, these shares of Class
A Common Stock would satisfy the Minimum Tender Condition.  In
addition, as of 5:00 p.m., New York City time, on Thursday,
September 2, 2010, 422,803 shares of Preferred Stock had been
tendered into and not withdrawn from the Exchange Offer.

As reported by the Troubled Company Reporter, a group of holders
of Preferred Stock -- which includes Double Diamond Partners LLC,
Zazove Aggressive Growth Fund, L.P., R2 Investments, LDC, DJD
Group LLC, Third Point LLC, the Radoff Family Foundation, Bradley
L. Radoff, LKCM Private Discipline Master Fund, SPC and Kevin A.
Fight -- on July 9, 2010, entered into a written lock-up agreement
pursuant to which, among other things, each of the Locked-Up
Holders agreed to: (1) vote or cause to be voted any and all of
its shares of Preferred Stock against the Proposed Amendments; (2)
restrict dispositions of Preferred Stock; (3) not enter into any
agreement, arrangement or understanding with any person for the
purpose of holding, voting or disposing of any securities of the
Company, or derivative instruments with respect to securities of
the Company; (4) consult with each other prior to making any
public announcement concerning the Company; and (5) share certain
expenses incurred in connection with their investment in the
Preferred Stock, in each case during the term of the Lock-Up
Agreement.  The Lock-Up Holders collectively own 1,074,915 shares
of Preferred Stock, representing approximately 38.3% of the issued
and outstanding shares of Preferred Stock.

Since the announcement of the Lock-Up Agreement, representatives
of JS Acquisition, the Company and Alden Global, which hold Class
A shares of Emmis, have been in discussions with representatives
of the Locked-Up Holders in an effort to obtain the approval of
the Locked-Up Holders with respect to the Proposed Amendments.
The Locked-Up Holders requested various changes to the terms of
the Transactions.

                           About Emmis

Headquartered in Indianapolis, Indiana, Emmis Communications
Corporation -- http://www.emmis.com/-- owns and operates radio
stations and magazine publications in the U.S. and in Europe.

At February 28, 2010, the Company had $498,168,000 in total
assets; $487,246,000 in total liabilities and $140,459,000 in
Series A Cumulative Convertible Preferred Stock; and a
shareholders' deficit of $178,959,000.  At February 28, 2010, the
Company had non-controlling interests of $49,422,000 and total
deficit of $129,537,000.

As of April 15, 2010, the Company had not paid the Preferred Stock
dividend for six consecutive quarterly periods.

                           *     *     *

In April 2009, Moody's cut its corporate family rating on the
Company to 'Caa2'.

In May 2009, S&P raised its corporate credit rating on the Company
to 'CCC+'.  In June, S&P withdrew the 'CCC+' Corp. Credit Rating
at the Company's request.


ENRON CORP: Ex-CEO Skilling Denied Bail While on Appeal
-------------------------------------------------------
Carla Main and Elizabeth Amon at Bloomberg News report that former
Enron Corp. Chief Executive Officer Jeffrey Skilling, under a
court ruling denying him bail, will remain in prison while he
appeals his 2006 fraud convictions.  The U.S. Court of Appeals in
New Orleans denied Mr. Skilling's request for bail Sept. 3 in a
one-sentence ruling that didn't provide an explanation for the
decision.

According to Bloomberg, Mr. Skilling, 56, is serving a 24-year
sentence after a Houston jury convicted him for leading what
prosecutors said was a widespread accounting fraud that deceived
investors about Enron's true financial condition.  In June, the
High Court ruled in Mr. Skilling's favor, saying he may have been
convicted under an invalid legal theory that bars honest services
fraud.

                         About Enron Corp.

Based in Houston, Texas, Enron Corporation filed for Chapter 11
protection on December 2, 2001 (Bankr. S.D.N.Y. Case No.
01-16033) following controversy over accounting procedures that
caused Enron's stock price and credit rating to drop sharply.

Enron hired lawyers at Togut Segal & Segal LLP; Weil, Gotshal &
Manges LLP, Venable; Cadwalader, Wickersham & Taft, LLP for its
bankruptcy case.  The Official Committee of Unsecured Creditors in
the case tapped lawyers at Milbank, Tweed, Hadley & McCloy LLP.

The Debtors won confirmation of their Plan in July 2004, and the
Plan was declared effective on November 17, 2004.  After approval
of the Plan, the new board of directors decided to change the name
of Enron Corp. to Enron Creditors Recovery Corp. to reflect the
current corporate purpose.  ECRC's sole mission is to reorganize
and liquidate certain of the operations and assets of the "pre-
bankruptcy" Enron for the benefit of creditors.

ECRC has been involved in the MegaClaims Litigation, an action
against 11 major banks and financial institutions that ECRC
believes contributed to Enron's collapse; the Commercial Paper
Litigation, an action involving the recovery of payments made to
commercial paper dealers; and the Equity Transactions Litigation,
which ECRC filed against Lehman Brothers Holdings, Inc., UBS AG,
Credit Suisse and Bear Stearns to recover payments made to the
four banks on transactions involving Enron's stock while the
company was insolvent.


ENTERPRISE BANKING: Ga. Bank Rated E- by Weiss Ratings
------------------------------------------------------
Weiss Ratings has assigned its E- rating to Mcdonough, Ga.-based
Enterprise Banking Co.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
March 31, 2010, the institution's balance sheet showed
$104,686,000 in assets.


ENVISION REVIEW: Files for Chapter 7 Amid Fraud Claims
------------------------------------------------------
Adrianne Pasquarelli, writing for Crain's New York Business,
reports that Envision Review Center Inc. filed for Chapter 7
bankruptcy protection on Wednesday.

Envision is a Haitian-owned training school for registered nurses
located at 1894 Flatbush Ave., in Brooklyn.  According to Crain's,
the nursing school recently came under fire for allegedly
operating with phony accreditations.

Crain's says the company, which is run by Carline D'Haiti, listed
assets of $1,000 and liabilities of nearly $630,000.  Many of the
more than 50 creditors included in the filing were students, who
paid enrollment fees ranging from $1,000 to $17,000.

Crain's relates that a group of 22 students earlier this year sued
the school for fraud, since the accredited university Envision
claimed to be affiliated with does not actually exist.  Jamie
Andrew Shreck, Esq., represented the students.  Mr. Shreck first
filed a complaint in March 2010, and filed an amended complaint in
July.

Crain's relates that even before the bankruptcy, Envision had shut
down operations.  The main phone line at the company was
consistently busy on Wednesday and Thursday.

According to Crain's, the attorney representing Ms. D'Haiti and
Envision, Alan Massena, Esq., declined to comment.  Asher White,
Esq., an attorney representing the school in bankruptcy
proceedings, did not return calls requesting comment.

Crain's relates Mr. Shreck has asked for more than $2 million in
punitive damages.  He maintains that the bankruptcy filing has no
bearing on his case.  "This is all fraud, and bankruptcy cannot
discharge the debts arising from a fraud, that's part of the
bankruptcy code," Crain's quotes Mr. Shreck as saying.  "I don't
know what they think they'll accomplish, but it won't make my
lawsuit go away."


EVABANK: Ala. Bank Rated E- by Weiss Ratings
--------------------------------------------
Weiss Ratings has assigned its E- rating to Cullman, Ala.-based
Evabank.  The rating company says that the institution currently
demonstrates what it considers to be significant weaknesses and
has also failed some of the basic tests it uses to identify fiscal
stability.  "Even in a favorable economic environment," Weiss
says, "it is our opinion that depositors or creditors could incur
significant risks."  As of Mar. 31, 2010, the institution's
balance sheet showed $407,656,000 in assets.


EVERGREEN STATE: Wisc. Bank Rated E- by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E- rating to Stoughton, Wisc.-based
Evergreen State Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
Mar. 31, 2010, the institution's balance sheet showed $288,909,000
in assets.


EXCHANGE BANK: Okla. Bank Rated E+ by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E+ rating to Skiatook, Okla.-based
Exchange Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of Mar. 31, 2010,
the institution's balance sheet showed $93,181,000 in assets.


FAMILY FEDERAL: Ill. Bank Rated E- by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E- rating to Cicero, Ill.-based
Family Federal Savings of Illinois.  The rating company says that
the institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
Mar. 31, 2010, the institution's balance sheet showed $57,287,000
in assets.


FARMERS & MERCHANTS: Ga. Bank Rated E- by Weiss Ratings
-------------------------------------------------------
Weiss Ratings has assigned its E- rating to Lakeland, Ga.-based
Farmers & Merchants Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
Mar. 31, 2010, the institution's balance sheet showed $658,035,000
in assets.


FARMERS BANK: Ga. Bank Rated E+ by Weiss Ratings
------------------------------------------------
Weiss Ratings has assigned its E+ rating to Forsyth, Ga.-based
Farmers Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of Mar. 31, 2010,
the institution's balance sheet showed $72,275,000 in assets.


FARMERS EXCHANGE: Ala. Bank Rated E+ by Weiss Ratings
-----------------------------------------------------
Weiss Ratings has assigned its E+ rating to Louisville, Ala.-based
Farmers Exchange Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
Mar. 31, 2010, the institution's balance sheet showed $198,554,000
in assets.


FARMERS STATE: Ga. Bank Rated E- by Weiss Ratings
-------------------------------------------------
Weiss Ratings has assigned its E- rating to Lumpkin, Ga.-based
Farmers State Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of Mar. 31, 2010,
the institution's balance sheet showed $53,188,000 in assets.


FIDELITY BANK: Mich. Bank Rated E- by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E- rating to Dearborn, Mich.-based
Fidelity Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of Mar. 31, 2010,
the institution's balance sheet showed $968,752,000 in assets.


FIRST & FARMERS: N.D. Bank Rated E by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E rating to Portland, N.D.-based
First & Farmers Bank.  The rating company says that the
institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
Mar. 31, 2010, the institution's balance sheet showed $43,490,000
in assets.


FIRST ARIZONA: Ariz. Bank Rated E+ by Weiss Ratings
---------------------------------------------------
Weiss Ratings has assigned its E+ rating to Scottsdale, Ariz.-
based First Arizona Savings A FSB.  The rating company says that
the institution currently demonstrates what it considers to be
significant weaknesses and has also failed some of the basic tests
it uses to identify fiscal stability.  "Even in a favorable
economic environment," Weiss says, "it is our opinion that
depositors or creditors could incur significant risks."  As of
Mar. 31, 2010, the institution's balance sheet showed $296,292,000
in assets.


FIRST BANK: Tex. Bank Rated E- by Weiss Ratings
-----------------------------------------------
Weiss Ratings has assigned its E- rating to Farmersville, Tex.-
based First Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of Mar. 31, 2010,
the institution's balance sheet showed $94,138,000 in assets.


FIRST BANK: Iowa Bank Rated E- by Weiss Ratings
-----------------------------------------------
Weiss Ratings has assigned its E- rating to West Des Moines, Iowa-
based First Bank.  The rating company says that the institution
currently demonstrates what it considers to be significant
weaknesses and has also failed some of the basic tests it uses to
identify fiscal stability.  "Even in a favorable economic
environment," Weiss says, "it is our opinion that depositors or
creditors could incur significant risks."  As of Mar. 31, 2010,
the institution's balance sheet showed $128,306,000 in assets.


FULTON HOMES: Creditors Get More Time to Review Chapter 11 Plan
---------------------------------------------------------------
J. Craig Anderson at The Arizona Republic reports that a federal
bankruptcy judge gave creditors of Fulton Homes Corp. time to
review the proposed Chapter 11 plan of reorganization filed by the
Company.

According to the report, The Company's creditors, which also
include JPMorgan Chase, Compass Bank, Wachovia Bank and Bank of
America, are seeking millions of dollars for unpaid debts, much of
those stemming from a $250 million unsecured line of credit
extended to Fulton Homes during the housing boom earlier in the
decade.  BofA cut off the credit line in late 2008.  BofA contends
that Fulton Homes owes it more than $163 million.

The hearing on the Plan is scheduled for Sept. 16, 2010.

Fulton Homes Corporation -- http://www.fultonhomes.com/-- is a
Tempe, Arizona-based homebuilder.  The Company filed for Chapter
11 protection on January 27, 2009 (Bankr. D. Ariz. Case No. 09-
01298).  Mark W. Roth, Esq., at Shughart Thomson & Kilroy PC,
represents the Debtor in its restructuring efforts.  The Debtor
estimated assets and debts between $100 million and $500 million
in its Chapter 11 petition.


GEMS TV: To Present Plan for Confirmation on Oct. 12
----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Gems TV (USA) Ltd. scheduled an Oct. 12 confirmation
hearing for approval of the liquidating Chapter 11 plan.

According to Mr. Rochelle, the Court-approved disclosure statement
advises unsecured creditors with $28 million in claims that they
can expect a recovery between 95% and 100%.  Holders of $93
million in subordinated notes are expected to have a 2.1%
recovery.  The ability to pay creditors almost in full came from a
settlement where DirecTV Inc. waived its claims.  Roughly $28
million is expected to be available for distribution to unsecured
creditors.

The Company has obtained a Nov. 1 extension of the exclusive right
to propose a Chapter 11 plan until Nov. 1.

                           About Gems TV

Reno, Nevada-based Gems TV (USA) Limited, aka Gems TV, is a
television retailer of gemstone jewelry products.  Its parent is
Gems TV Holdings Ltd., which owns and operates jewelry home
shopping TV channels in the U.S., U.K. and Japan.

The Company filed for Chapter 11 bankruptcy protection on April 5,
2010 (Bankr. D. Del. Case No. 10-11158).  Gems TV shut down its
the business before the bankruptcy filing.  Robert S. Brady, Esq.,
and Robert F. Poppiti, Jr., Esq., at Young, Conaway, Stargatt &
Taylor, assist the Company in its restructuring effort.  Focus
Management Group is the Company's financial advisor.  Epiq
Bankruptcy Solutions serves as claims and notice agent.  The
Company estimated assets of $10 million to $50 million and debts
of $100 million to $500 million in its Chapter 11 petition.


GENERAL MOTORS: Old GM Plan Outline Set for Hearing on Oct. 21
--------------------------------------------------------------
Motors Liquidation Company and its debtor affiliates ask Judge
Robert Gerber of the U.S. Bankruptcy Court for the Southern
District of New York to approve the disclosure statement
explaining their Joint Chapter 11 Plan of Reorganization.

The Debtors assert that the Disclosure Statement should be
approved because it contains "adequate information" as the term is
defined under Section 1125(a)(1) of the Bankruptcy Code.

The Debtors will seek approval of the Disclosure Statement on
October 21.  Responses are due October 14.

In line with the request for approval of the Disclosure Statement
explaining their Plan of Reorganization, the Debtors also ask
Judge Gerber to approve uniform procedures to govern the
solicitation and tabulation of votes in relation to their Plan.

The Debtors propose that the record date for purposes of
determining which creditors are entitled to vote on the Plan be
set for October 18, 2010.

The Debtors ask Judge Gerber to schedule a hearing for the
confirmation of the Plan on December 20, 2010, and the deadline
for filing of any objections to the confirmation of the Plan on
December 13.  The Debtors tell the Court that they intend to give
their answer to any confirmation objection on December 18.

                       The Chapter 11 Plan

Motors Liquidation Company, formerly General Motors Corporation;
MLC of Harlem, Inc.; MLCS, LLC; MLCS Distribution Corporation;
Remediation and Liability Management Company, Inc.; and
Environmental Corporate Remediation Company, Inc., delivered on
August 31 to Judge Robert Gerber of the U.S. Bankruptcy Court for
the Southern District of New York their Joint Chapter 11 Plan of
Reorganization and a Disclosure Statement explaining the Plan.

The Plan, provides a framework for the environmental remediation
of the remaining "Old GM" properties and the distribution of "New
GM" stock and warrants to unsecured creditors.

If the Plan is confirmed, substantially all of the Debtors' assets
and liabilities will be transferred to four trusts:

   (1) the Environmental Remediation Trust, or "ERT," that
       provides funds for the continuing environmental
       remediation of the Debtors' remaining properties;

   (2) the General Unsecured Creditors Trust, that will be
       responsible for resolving the outstanding claims of the
       Debtors' unsecured creditors and distributing the General
       Motors Company common stock and warrants owned by MLC to
       those unsecured creditors whose claims are allowed;

   (3) the Asbestos Trust that will handle both present and
       future asbestos-related claims against the Debtors; and

   (4) the Avoidance Action Trust that will deal with certain
       litigation-related claims of the Debtors.

MLC presently owns 10% of General Motors' common stock, plus
warrants that are exercisable for a further 15% of General Motors'
common stock on a fully diluted basis.  MLC will be issued up to
an additional 2% of General Motors' common stock if the final
estimated aggregate amount of the Debtors' unsecured claims
exceeds certain thresholds.

Additional key highlights of the Debtors' chapter 11 case to date
include:

   -- Management of more than 70,000 claims, totaling more than
      $275 billion, with more than $150 billion in claims already
      eliminated or resolved.

   -- Management of more than 900,000 contracts covering more
      than 65,000 business partners.

   -- Announced asset-sales activities that include the sale of
      the Debtors' Wilmington (Del.) Assembly to Fisker
      Automotive Inc. (for the production of hybrid electric
      cars); the sale of Pontiac (Mich.) Centerpoint to Raleigh
      Studios Inc. (for the creation of a movie studio); and an
      agreement, subject to certain conditions, to sell
      Strasbourg (France) Powertrain to General Motors (which is
      expected to save 1,200 jobs).

   -- The establishment of a Web portal to facilitate
      communication with interested parties, which has had almost
      32 million hits to date.

                       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 June 30, 2010, GM had $131.899 billion in total assets,
$101.00 billion in total liabilities, $6.998 billion in preferred
stock, and $23.901 billion in stockholders' equity.

                     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)


GOLDEN GROVE: Court Okays Appointment of Ch. 11 Trustee
-------------------------------------------------------
In In re: Golden Grove Pecan Farm, Smith Funeral Home, LLC
Legendary Performance Cars, (Bankr. M.D. Ga. Case Nos. 10-40557,
10-40558, No. 10-40560, September 2, 2010), the U.S. Trustee filed
a Motion to Appoint Chapter 11 Trustee; Phyllis and Michael
Bleckley have filed a Motion to Substitute Real Parties in
Interest; and the Debtor/Receiver has filed a Notice of Intent to
Comply with Orders of the Superior Court of Webster and Stewart
Counties, Georgia by turning over property of the estate to the
Bleckleys.  A hearing was held on August 17, 2010, and the court
took the matter under advisement.  After considering the briefs
submitted by the parties, arguments of counsel, and the pertinent
statutory and case law, Bankruptcy Judge John T. Laney, III,
determines that the Bleckleys' Motion to Substitute Real Parties
in Interest should be denied; the Debtor's Notice of Intent to
Comply with Orders of the Superior Court of Webster and Stewart
Counties, Georgia should be denied; and the U.S. Trustee's Motion
to Appoint Chapter 11 Trustee should be granted.

The Debtors are receiverships created by Order of the Superior
Court of Stewart County in September 2009.  Certain property was
placed under the custody and control of the receiverships and
Salina Newton, CPA, was appointed receiver.  Receiverships were
also established in other judicial circuits using similar orders
and mechanisms and placing other property in those counties under
the control of receiverships with Salina Newton as the court
appointed receiver.  All of the property has an alleged
relationship to Michael and Phyllis Bleckley who are currently
under indictment on various criminal charges pending in the
Chattahoochee Judicial Circuit.  The receiverships arose from a
request of the District Attorney for the Chattahoochee Judicial
Circuit.  The order appointing the receiver specifically
authorized her to file bankruptcy for the receiverships.

A copy of the decision is available at:

     http://www.leagle.com/unsecure/page.htm?shortname=inbco20100902480


GSC GROUP: Gets Court's Nod to Hire Epiq as Notice & Claims Agent
-----------------------------------------------------------------
GSC Group, Inc., et al., sought and obtained authorization from
the Hon. Arthur J. Gonzalez of the U.S. Bankruptcy Court for the
Southern District of New York to employ Epiq Bankruptcy Solutions,
LLC, as notice and claims agent, nunc pro tunc to August 31, 2010.

Epiq will, among other things:

     (a) notify potential creditors of the filing of the
         bankruptcy petitions and of the setting of the date for
         the first meeting of creditors;

     (b) maintain an official copy of the Debtors' schedules of
         assets and liabilities and statement of financial
         affairs, listing the Debtors' known creditors and the
         amounts owed thereto;

     (c) notify potential creditors of the existence and amount of
         their respective claims as evidenced by the Debtors'
         books and records and as set forth in the schedules;

     (d) furnish a notice of the last date for the filing of
         proofs of claim and a form for the filing of a proof of
         claim, after such notice and form are approved by the
         Court.

Epiq professionals will be paid at these rates:

                                             Hourly Rate
                                             -----------
         Clerk                                 $36-$54
         Case Manager (Level 1)               $112-$157
         IT Programming Consultant            $126-$171
         Case Manager (Level 2)               $166-$198
         Senior Case Manager                  $202-$247
         Senior Consultant                      $265

A copy of the Retention Agreement is available for free at:

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

Epiq will also charge the Debtor for its noticing, document
management, claims administration and balloting services at the
rates agreed by the parties.

James Katchadurian, Epiq's executive vice president, assures the
Court that the firm is "disinterested" as that term is defined in
Section 101(14) of the Bankruptcy Code.

Florham Park, New Jersey-based GSC Group, Inc. --
http://www.gsc.com/-- is a private equity firm specializing in
mezzanine and fund of fund investments.  It filed for Chapter 11
bankruptcy protection on August 31, 2010 (Bankr. S.D.N.Y. Case No.
10-14653).  Michael B. Solow, Esq., at Kaye Scholer LLP, assists
the Debtor in its restructuring effort.  Capstone Advisory Group,
LLC, is the Debtor's financial advisor.

The Debtor estimated its assets at $1 million to $10 million and
debts at $100 million to $500 million.


GSC GROUP: Taps Kaye Scholer as Bankruptcy Counsel
--------------------------------------------------
GSC Group, Inc., et al., ask for authorization from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Kaye Scholer LLP as bankruptcy counsel.

Kaye Scholer will, among other things:

     a. attend meetings and negotiate with representatives of the
        Debtors' lenders and other parties-in-interest;

     b. attend meetings and negotiate with creditor
        representatives;

     c. advise the Debtors, as necessary, on matters relating to
        the evaluation of the assumption, rejection or assignment
        of unexpired leases and executory contracts; and

     d. negotiate and prepare plan(s) of reorganization,
        disclosure statement(s) and all related agreements and
        documents and taking any necessary action on behalf of the
        Debtors to obtain confirmation of the plan(s).

Kaye Scholer will be paid based on the hourly rates of its
personnel:

        Partners                          $670-$1,050
        Counsel                           $650-$750
        Associates                        $290-$700
        Legal Assistants                  $145-$265

Michael B. Solow, Esq., a member at Kaye Scholer, assures the
Court that the firm is "disinterested" as that term is defined in
Section 101(14) of the Bankruptcy Code.

Florham Park, New Jersey-based GSC Group, Inc. --
http://www.gsc.com/-- is a private equity firm specializing in
mezzanine and fund of fund investments.  It filed for Chapter 11
bankruptcy protection on August 31, 2010 (Bankr. S.D.N.Y. Case No.
10-14653).  Epiq Bankruptcy Solutions, LLC, is the Debtor's notice
and claims agent.  Capstone Advisory Group, LLC, is the Debtor's
financial advisor.

The Debtor estimated its assets at $1 million to $10 million and
debts at $100 million to $500 million.


GSC GROUP: Wants to Hire Capstone Advisory as Financial Advisor
---------------------------------------------------------------
GSC Group, Inc., et al., ask for authorization from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Capstone Advisory Group, LLC, as financial advisor nunc pro tunc
to the Petition Date.

Capstone Advisory will, among other things:

      a. assist the Debtors in preparing Chapter 11 bankruptcy
         documents/pleadings, including required first day orders;

      b. advise and assist the Debtors in negotiating and
         developing a Chapter 11 plan or plans;

      c. advise and assist the Debtors in analyzing cash flow and
         financial projections related to liquidity and borrowing
         needs; and

      d. assist the Debtors with the negotiation of any DIP
         financing and/or use of cash collateral.

Capstone Advisory will be paid based on the hourly rates of its
personnel:

         Executive Directors                   $600-$850
         Staff                                 $160-$595
         Support Staff                         $110-$170

Edwin N. Ordway, Jr., a member and the manager of Capstone
Advisory, assures the Court that the firm is "disinterested" as
that term is defined in Section 101(14) of the Bankruptcy Code.

James Katchadurian, Epiq's executive vice president, assures the
Court that the firm is "disinterested" as that term is defined in
Section 101(14) of the Bankruptcy Code.

Florham Park, New Jersey-based GSC Group, Inc. --
http://www.gsc.com/-- is a private equity firm specializing in
mezzanine and fund of fund investments.  It filed for Chapter 11
bankruptcy protection on August 31, 2010 (Bankr. S.D.N.Y. Case No.
10-14653).  Michael B. Solow, Esq., at Kaye Scholer LLP, assists
the Debtor in its restructuring effort.  Epiq Bankruptcy
Solutions, LLC, is the Debtor's notice and claims agent.  Capstone
Advisory Group, LLC, is the Debtor's financial advisor.

The Debtor estimated its assets at $1 million to $10 million and
debts at $100 million to $500 million.


GSC GROUP: Organizational Meeting to Form Panel on Sept. 8
----------------------------------------------------------
Tracy Hope Davis, Acting United States Trustee for Region 2, will
hold an organizational meeting on September 8, 2010, at 10:00 a.m.
in the bankruptcy case of GSC Group, Inc., et al.  The meeting
will be held at the United States Trustee Meeting Rooms, 80 Broad
Street, 4th Floor, New York, NY 10004.

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.

Florham Park, New Jersey-based GSC Group, Inc. --
http://www.gsc.com/-- is a private equity firm specializing in
mezzanine and fund of fund investments.  It filed for Chapter 11
bankruptcy protection on August 31, 2010 (Bankr. S.D.N.Y. Case No.
10-14653).  Michael B. Solow, Esq., at Kaye Scholer LLP, assists
the Debtor in its restructuring effort.  Epiq Bankruptcy
Solutions, LLC, is the Debtor's notice and claims agent.  Capstone
Advisory Group, LLC, is the Debtor's financial advisor.  The
Debtor estimated its assets at $1 million to $10 million and debts
at $100 million to $500 million as of the Petition Date.


HAWKS PRAIRIE: Files Schedules of Assets & Liabilities
------------------------------------------------------
Hawks Prairie Investment LLC has filed with the U.S. Bankruptcy
Court for the Western District of Washington its schedules of
assets and liabilities, disclosing:

  Name of Schedule                     Assets          Liabilities
  ----------------                     ------          -----------
A. Real Property                     $89,000,000
B. Personal Property                         $71
C. Property Claimed as
   Exempt
D. Creditors Holding
   Secured Claims                                      $32,396,855
E. Creditors Holding
   Unsecured Priority
   Claims                                                       $0
F. Creditors Holding
   Unsecured Non-priority
   Claims                                              $12,381,248
                                     -----------       -----------
      TOTAL                          $89,000,071       $44,778,104

Olympia, Washington-based Hawks Prairie Investment LLC owns real
property in Thurston County, Washington.  It filed for Chapter 11
bankruptcy protection on August 13, 2010 (Bankr. W.D. Wash. Case
No. 10-46635).  Timothy W. Dore, Esq., at Ryan Swanson & Cleveland
PLLC, assists the Debtor in its restructuring effort.

An affiliate, Pacific Investment Group LLC, filed a separate
Chapter 11 petition on October 22, 2009 (Bankr. W.D. Wash. Case
No. 09-47915).


INNKEEPERS USA: Judge Shelley Denies Plan Support Deal With Lehman
------------------------------------------------------------------
For reasons stated at court, Judge Shelley C. Chapman of the
United States Bankruptcy Court for the Southern District of New
York denied the motion filed by Innkeepers USA Trust and its 91
Debtor affiliates to assume a plan support agreement they entered
into with Lehman ALI, Inc., before the Petition Date.

In the Plan Support Agreement, Lehman ALI will, among other
things, receive, in full and final satisfaction of its
approximately $220 million secured claim with respect to a
mortgage loan, 100% of the new shares of common stock issued by
reorganized Innkeepers pursuant to its Chapter 11 plan, subject to
dilution by a management equity incentive program.  The Plan
Support Agreement also permits Lehman ALI to sell 50% of the
equity of reorganized Innkeepers.  On July 16, 2010, Lehman ALI
disclosed that it entered into a letter agreement with Apollo
Investment Corporation evidencing the sale of the 50% equity to
Apollo.

The Plan Support Agreement further provides that it will be
terminated if, among others, Lehman ALI has not executed
definitive agreements with respect to the sale of 50% of the
Lehman Shares for a purchase price of at least $107.5 million no
later than 45 days after the Petition Date; and Lehman has not
consummated the New Equity Sale Transaction no later than 270 days
after the Petition Date.

Several parties-in-interest objected to the request for approval
of the PSA, including:

  * Midland Loan Services, Inc.;
  * Appaloosa Investment L.P.;
  * Marriott International, Inc.;
  * the Ad Hoc Committee of Preferred Shareholders;
  * Wells Fargo Bank, N.A.;
  * C-III Asset Management LLC;
  * CWCapital Asset Management LLC;
  * TriMont Real Estate Advisors, Inc.; and
  * Five Mile Capital Partners LLC.

The Objecting Parties argued that assumption of the Plan Support
Agreement is unfair to the creditors and is not in the best
interests of the bankruptcy estates.  They also alleged that the
Debtors and Lehman ALI engineered the Motion to result in relief
from stay for Lehman ALI, without asking the Court for that
relief.

Several Objecting Parties have initially filed their objections
and exhibits under seal and the Debtors filed a sealed reply to
the objections.  However, upon her sua sponte motion, Judge
Chapman directed the parties to unseal their pleadings, except for
Marriott's exhibits.

Appaloosa pointed out that the Debtors have not and cannot
demonstrate that the Plan Support Agreement will hasten their
emergence from Chapter 11, and that to the contrary, it has
spurred extensive discovery requests and a motion for an examiner.

The Official Committee of Unsecured Creditors did not oppose the
Motion.  However, the Creditors Committee reserved all of its
rights to oppose the Debtors' Chapter 11 plan and accompanying
disclosure statement and sought to ensure that the Debtors are
obtaining maximum value for their estates and their creditors.
The Creditors' Committee also raised, among other things, its
concern that should litigation ensue over the Plan Support
Agreement for any reason, sufficient protocols are not in place to
protect the Debtors from being required to pay potentially
substantial sums to reimburse Lehman's legal fees and expenses.

In their reply to the objections, the Debtors insisted that the
Plan Support Agreement provides substantial benefits to the
estates because, among other things, it provides an outline for a
proposed restructuring by which they can equitize 100% of the debt
held by their second largest creditor, realize additional cash
flow under a deleveraged capital structure, and fund PIP
obligations to protect their core assets.

                        About Lehman Brothers

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

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

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

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

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

              International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)

                   About Innkeepers USA Trust

Innkeepers USA Trust is a self-administered Maryland real estate
investment trust with a primary business focus on acquiring
premium-branded upscale extended-stay, mid-priced limited service,
and select-service hotels.

Innkeepers, through its indirect subsidiaries, owns and operates
an expansive portfolio of 72 upscale and mid-priced extended-stay
and select-service hotels, consisting of approximately 10,000
rooms, located in 20 states across the United States.

Apollo Investment Corporation acquired Innkeepers in June 2007.

Innkeepers USA Trust and a number of affilaites filed for Chapter
11 on July 19, 2010 (Bankr. S.D.N.Y. Case No. 10-13800).

Attorneys at Kirkland & Ellis LLP, serve as counsel to the
Debtors.  AlixPartners is the restructuring advisor and Marc A.
Beilinson is the chief restructuring officer.  Moelis & Company is
the financial advisor.  Omni Management Group, LLC, is the claims
and notice agent.  The petition estimated assets and debts of more
than $1 billion as of the bankruptcy filing.

In 2009, Innkeepers' consolidated revenues were approximately
$292 million and adjusted EBITDA were approximately $85 million.
The Company's consolidated assets for 2009 totaled approximately
$1.5 billion.  As of July 19, 2010, the Company and its affiliates
have incurred approximately $1.29 billion of secured debt.

Bankruptcy Creditors' Service, Inc., publishes Innkeepers USA
Bankruptcy News.  The newsletter tracks the chapter 11
restructuring proceedings commenced by Innkeepers USA Trust and
its affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000).


INNKEEPERS USA: Midland Loan Wants to File Own Plan
---------------------------------------------------
Midland Loan Services, Inc., asks the Court to terminate the
Debtors' exclusive periods to file a plan of reorganization and
solicit approval of that plan to allow Midland to file its own
plan and disclosure statement and solicit acceptances of the
Midland plan.

The Debtors' Exclusive Plan Proposal Period will expire on
November 16, 2010, while their Exclusive Solicitation Period
expires on January 15, 2011.

Lenard Parkins, Esq., at Haynes and Boone, LLP, in New York,
contends that the Debtors have embarked upon a Chapter 11 process
whereby they seek approval of a Lock-Up Agreement with one secured
creditor, Lehman ALI, Inc., providing for a plan of reorganization
that favors only Lehman and Apollo Investment Corp. -- the out-of-
the-money equity owner of the Debtors.

The Debtors' plan process imposes an involuntary write-down of
hundreds of millions of dollars in debts while allowing the
current owner to emerge owning half of the reorganized companies
without either paying the estates or exposing the process to the
market, Mr. Parkins points out.  He complains that the Debtors'
skewed view of Chapter 11 cries out for the alternatives that
terminating exclusivity would provide.

The plan contemplated by the Lock-Up Agreement reduces secured
debt, eliminates deficiency claims and transfers all of the upside
in the assets for the exclusive benefit of Lehman and Apollo, Mr.
Parkins alleges.  "There is something wrong with this picture --
it shows that bankruptcy court jurisdiction has been invoked for
the wrong purpose -- to allow the Debtors to control the process
for Apollo's benefit to the exclusion of creditors with very large
and senior claims," he argues.

Mr. Parkins discloses that on August 20, 2010, Five Mile Capital
II Pooling REIT LLC, an affiliate of Five Mile Capital Partners
LLC, one of the Debtors' DIP lenders, provided a draft of a
Binding Commitment for the Acquisition of Innkeepers USA Trust
that was subsequently negotiated and executed by Five Mile and
Midland.

The Commitment, Mr. Parkins says, is not a plan or a disclosure
statement but a financing commitment by Five Mile to fund a
Chapter 11 plan of reorganization to be filed by Midland if
certain conditions are satisfied:

  -- termination of exclusivity by October 15, 2010, to permit
     Midland to file a plan and disclosure statement;

  -- access by Five Mile to the Debtors' books and properties to
     complete confirmatory due diligence to its satisfaction;
     and

  -- Court approval of an open transparent marketing process for
     competing plans and standard bid protections in favor of
     Five Mile.

Absent the satisfaction of these conditions, no plan can be filed
by Midland predicated on the Commitment, Mr. Parkins says.

The key points in the Commitment provide for:

  (a) a new capital structure of $803.4 million in aggregate
      indebtedness and $236.6 in new equity capital -- cash --
      to be invested by Five Mile;

  (b) approximately $89.1 million in additional recovery value
      for the non-Lehman Prepetition creditors and
      $187.2 million in cash pay downs of indebtedness, including
      retirement of $67.75 of DIP financing, the purchase of the
      B-Notes for $6.6 million and payments on the C-Note of
      $12.1 million;

  (c) a proposed treatment of the Lehman Floating Rate Mortgage
      Loan that better reflects the value of the collateral
      supporting the Lehman obligation;

  (d) an increase in enterprise value of the Debtors by
      approximately $125 million over the valuation contemplated
      in the Lock-Up Agreement;

  (e) committed exit financing necessary for the success and
      emergence of Innkeepers from bankruptcy;

  (f) a Court-approved open marketing process for competing
      plans to seek higher and better recoveries for the Debtors
      and their creditors versus the Lock-Up and reasonable bid
      protections for Five Mile; and

  (g) no secured creditor to have its debt reduced through
      cramdown.  Instead, it contemplates that each secured
      creditor retains the right to take ownership of its
      collateral in full satisfaction, settlement, release and
      exchange for its claim.

Unlike the plan embedded in the Lock-Up Agreement, no secured
creditor will be forced to take a cramdown secured note
unsatisfactory to that secured creditor and without recovery on
the balance of its deficiency claims, Mr. Parkins contends.
Rather, he points out, the flexibility provided by the Commitment
allows parties unhappy with their treatment to simply take their
collateral in full satisfaction of their claims.

"Terminating plan exclusivity would give these cases a legitimacy
that the Debtors lack and would allow creditors the chance to
increase their returns," Mr. Parkins tells the Court.  "It would
also neutralize the Debtors' attempt to use exclusivity as a
weapon to file and prosecute a plan that is supported only by
Lehman and Apollo and is doomed to failure as matter of law," he
continues.

Accordingly, Midland asks the Court to level the playing field and
terminate exclusivity.  Midland insists that there is no time or
need for delay because the solution to the problem is a simple one
-- terminate exclusivity and allow for the filing of a different,
market-driven plan.

                   About Innkeepers USA Trust

Innkeepers USA Trust is a self-administered Maryland real estate
investment trust with a primary business focus on acquiring
premium-branded upscale extended-stay, mid-priced limited service,
and select-service hotels.

Innkeepers, through its indirect subsidiaries, owns and operates
an expansive portfolio of 72 upscale and mid-priced extended-stay
and select-service hotels, consisting of approximately 10,000
rooms, located in 20 states across the United States.

Apollo Investment Corporation acquired Innkeepers in June 2007.

Innkeepers USA Trust and a number of affilaites filed for Chapter
11 on July 19, 2010 (Bankr. S.D.N.Y. Case No. 10-13800).

Attorneys at Kirkland & Ellis LLP, serve as counsel to the
Debtors.  AlixPartners is the restructuring advisor and Marc A.
Beilinson is the chief restructuring officer.  Moelis & Company is
the financial advisor.  Omni Management Group, LLC, is the claims
and notice agent.  The petition estimated assets and debts of more
than $1 billion as of the bankruptcy filing.

In 2009, Innkeepers' consolidated revenues were approximately
$292 million and adjusted EBITDA were approximately $85 million.
The Company's consolidated assets for 2009 totaled approximately
$1.5 billion.  As of July 19, 2010, the Company and its affiliates
have incurred approximately $1.29 billion of secured debt.

Bankruptcy Creditors' Service, Inc., publishes Innkeepers USA
Bankruptcy News.  The newsletter tracks the chapter 11
restructuring proceedings commenced by Innkeepers USA Trust and
its affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000).


INNKEEPERS USA: Wins Final Approval of $53 Million DIP Financing
----------------------------------------------------------------
The U.S. Bankruptcy Court authorized Innkeepers USA Trust and its
units, on a final basis, to enter into the Senior Secured Super-
Priority Debtor-in-Possession Credit Agreement dated as of
September 1, 2010, among certain Debtor-Borrowers, Five Mile
Capital II Pooling International LLC and other lenders.

The DIP Facility provides the Debtors with postpetition senior
secured super-priority credit in an aggregate amount of
$53,000,000, to be allocated among the Borrowers on the terms set
forth in the DIP Credit Agreement.

Any objections to the Five Mile DIP Motion that have not
previously been withdrawn or settled are overruled.

Judge Chapman ruled that no costs or expenses of administration,
including professional fees allowed and payable under Sections 330
and 331 of the Bankruptcy Code and no priority claims to the
Collateral are, or will be, prior to or on a parity with the
Secured Obligations or the Superpriority Claim.

The automatic stay imposed under Section 362(a)(4) of the
Bankruptcy Code is lifted, as necessary, to permit (i) the
Borrowers to grant the DIP Liens and to perform the Borrowers'
liabilities and obligations to the DIP Agent and the DIP Lenders
under the DIP Facility, and (ii) the delivery by the DIP Agent of
an Enforcement Notice and the exercise of remedies by the DIP
Agent and the DIP Lenders upon the Termination Date or the
occurrence of an Event of Default.

A full-text copy of the Final DIP Order can be obtained for free
at http://bankrupt.com/misc/IKU_FOrder_FiveMileDIP_09012010.pdf

Prior to the entry of the Final Order, several parties-in-interest
filed objections to the Debtors' DIP Motions and motion to use
cash collateral, including the Official Committee of Unsecured
Creditors, prepetition lenders, administrative agents, servicers
and the Ad Hoc Committee of Preferred Shareholders.  The Debtors
asked the Court to overrule those objections.

                   About Innkeepers USA Trust

Innkeepers USA Trust is a self-administered Maryland real estate
investment trust with a primary business focus on acquiring
premium-branded upscale extended-stay, mid-priced limited service,
and select-service hotels.

Innkeepers, through its indirect subsidiaries, owns and operates
an expansive portfolio of 72 upscale and mid-priced extended-stay
and select-service hotels, consisting of approximately 10,000
rooms, located in 20 states across the United States.

Apollo Investment Corporation acquired Innkeepers in June 2007.

Innkeepers USA Trust and a number of affiliates filed for Chapter
11 on July 19, 2010 (Bankr. S.D.N.Y. Case No. 10-13800).

Attorneys at Kirkland & Ellis LLP, serve as counsel to the
Debtors.  AlixPartners is the restructuring advisor and Marc A.
Beilinson is the chief restructuring officer.  Moelis & Company is
the financial advisor.  Omni Management Group, LLC, is the claims
and notice agent.  The petition estimated assets and debts of more
than $1 billion as of the bankruptcy filing.

In 2009, Innkeepers' consolidated revenues were approximately
$292 million and adjusted EBITDA were approximately $85 million.
The Company's consolidated assets for 2009 totaled approximately
$1.5 billion.  As of July 19, 2010, the Company and its affiliates
have incurred approximately $1.29 billion of secured debt.

Bankruptcy Creditors' Service, Inc., publishes Innkeepers USA
Bankruptcy News.  The newsletter tracks the chapter 11
restructuring proceedings commenced by Innkeepers USA Trust and
its affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000).


INNKEEPERS USA: Wins Final Approval of $17.5MM Solar DIP Loan
-------------------------------------------------------------
Judge Shelley Chapman authorized, on a final basis, Innkeepers USA
Trust's affiliates, known as the Floating Rate Debtors, to obtain
$17,498,095 in secured postpetition financing on a superpriority
basis on the terms and subject to the conditions set forth in the
Senior Secured Super Priority Debtor-in-Possession Loan Agreement
among the Floating Rate Debtors and Solar Finance Inc.

The Borrowers in this DIP Financing Agreement are these Floating
Rate Debtors:

  * KPA/GP Valencia LLC;
  * Grand Prix West Palm Beach LLC;
  * KPA/GP Ft. Walton Beach LLC;
  * Grand Prix Ft. Wayne LLC;
  * Grand Prix Indianapolis LLC;
  * KPA/GP Louisville (HI) LLC;
  * Grand Prix Bulfinch LLC;
  * Grand Prix Woburn LLC;
  * Grand Prix Rockville LLC;
  * Grand Prix East Lansing LLC;
  * Grand Prix Grand Rapids LLC;
  * Grand Prix Troy (Central) LLC;
  * Grand Prix Troy (SE) LLC;
  * Grand Prix Atlantic City LLC;
  * Grand Prix Montvale LLC;
  * Grand Prix Morristown LLC;
  * Grand Prix Albany LLC;
  * Grand Prix Addison (SS) LLC;
  * Grand Prix Harrisburg LLC; and
  * Grand Prix Ontario LLC.

Any objections and reservations of rights to the request, to the
extent not withdrawn with prejudice, settled, or resolved, are
overruled on the merits.

The Court ruled that the Floating Rate Collateral and the Floating
Rate DIP Lender will not be subject to any carve-out for
professional fees and expenses or otherwise, nor will they be
subject to surcharge, pursuant to Sections 105 or 506(c) of the
Bankruptcy Code, by the Floating Rate Debtors or any other party-
in-interest without the prior written consent of the Floating Rate
DIP Lender.

Neither the Floating Rate DIP Lender nor the Floating Rate
Collateral will be subject to the equitable doctrine of
"marshaling" or any similar doctrine with respect to the Floating
Rate Collateral.  The Floating Rate DIP Lender will not be subject
to any "equities of the case" claims under Section 552(b) of the
Bankruptcy Code with respect to the Floating Rate DIP Facility.

A full-text copy of the Final DIP Order is available for free
at http://bankrupt.com/misc/IKU_FOrder_SolarDIP_09012010.pdf

The DIP Financing matures in 360 days from the Closing Date.

The DIP Facility will automatically become due and payable upon:

  -- the acceleration of the DIP Facility due to the occurrence
     and continuation of an Event of Default;

  -- the effective date of any plan in the bankruptcy proceeding
     that provides for payment in full of all obligations owing
     under the DIP Facility;

  -- the closing date of any sale of all or substantially all of
     any Borrower's assets that constitute collateral;

  -- the entry of an order by the Court granting relief from the
     automatic stay permitting foreclosure of any assets of any
     Borrower constituting collateral in excess of $1,000,000 in
     the aggregate;

  -- the entry of an order of dismissal or conversion of the
     Chapter 11 cases with respect to the Borrowers; or

  -- the acceleration of the obligations under any other
     debtor-in-possession financing of the Debtors.

Proceeds of the DIP Facility will be used solely for (i) payment
of the financing fees owed to the DIP Lenders, (ii) to fund
postpetition PIP Work, and (iii) to fund certain fire safety
improvements to hotel properties.

The Non-Default Interest Rate is a monthly interest payments
accruing at a per annum floating rate equal to the sum of 30-day
LIBOR, subject to a floor of 2%, plus 5%.  The Default Interest
Rate is a rate of 3% per annum in excess of the Non-Default rate.

The liens under the DIP Facility will be first priority, senior
secured and priming liens on and security interests in (i) all of
the Borrowers' real property and its proceeds that secure the
prepetition obligations, (ii) the Controlled Disbursement Account,
and (iii) all Chapter 5 causes of action that relate to the hotel
properties owned by the Borrowers.

                   About Innkeepers USA Trust

Innkeepers USA Trust is a self-administered Maryland real estate
investment trust with a primary business focus on acquiring
premium-branded upscale extended-stay, mid-priced limited service,
and select-service hotels.

Innkeepers, through its indirect subsidiaries, owns and operates
an expansive portfolio of 72 upscale and mid-priced extended-stay
and select-service hotels, consisting of approximately 10,000
rooms, located in 20 states across the United States.

Apollo Investment Corporation acquired Innkeepers in June 2007.

Innkeepers USA Trust and a number of affiliates filed for Chapter
11 on July 19, 2010 (Bankr. S.D.N.Y. Case No. 10-13800).

Attorneys at Kirkland & Ellis LLP, serve as counsel to the
Debtors.  AlixPartners is the restructuring advisor and Marc A.
Beilinson is the chief restructuring officer.  Moelis & Company is
the financial advisor.  Omni Management Group, LLC, is the claims
and notice agent.  The petition estimated assets and debts of more
than $1 billion as of the bankruptcy filing.

In 2009, Innkeepers' consolidated revenues were approximately
$292 million and adjusted EBITDA were approximately $85 million.
The Company's consolidated assets for 2009 totaled approximately
$1.5 billion.  As of July 19, 2010, the Company and its affiliates
have incurred approximately $1.29 billion of secured debt.

Bankruptcy Creditors' Service, Inc., publishes Innkeepers USA
Bankruptcy News.  The newsletter tracks the chapter 11
restructuring proceedings commenced by Innkeepers USA Trust and
its affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000).


INTERNATIONAL COAL: SVP for WV/Maryland Region Reports Stake
------------------------------------------------------------
Gary Patterson, International Coal Group, Inc.'s SVP for
WV/Maryland Region, disclosed holding 8,000 shares of common
stock, which represent a restricted stock grant of 8,000 shares of
common stock.  The restrictions on 2,000 shares have lapsed of
which 659 have been withheld to satisfy tax withholdings;
restrictions on the remaining 6,000 shares of common stock will
lapse in equal installments of 2,000 shares on April 30, 2011,
2012 and 2013.

Mr. Patterson also holds 3,000 common shares, which represent a
restricted stock grant of 3,000 shares of common stock.  The
restrictions on the shares of common stock will lapse in equal
installments of 750 shares of common stock on April 30, 2011,
2012, 2013 and 2014.

He also holds 37,000 shares, which represent a restricted stock
grant of 37,000 shares of common stock. The restrictions on the
shares of common stock will lapse in equal installments of 9,250
shares on April 30, 2011, 2012, 2013 and 2014.

He also holds employee stock options, which:

     -- represents stock options for 12,000 shares of common
        stock, of which 3,000 shares have vested. The remaining
        9,000 shares will vest in equal installments of 3,000
        shares on April 30, 2011, 2012 and 2013.

     -- represents stock options for 8,795 shares of common stock.
        The stock options will vest in equal installments of 2,199
        shares on April 30, 2011, 2012, and 2013 and 2,198 shares
        on April 30, 2014.

     -- represents stock options for 33,000 shares of common
        stock. The stock options will vest in equal installments
        of 8,250 shares on April 30, 2011, 2012, 2013 and 2014.

The number of shares of the Company's Common Stock, $0.01 par
value, outstanding as of August 1, 2010, was 203,766,832.

                    About International Coal Group

Scott Depot, West Virginia-based International Coal Group, Inc.
(NYSE: ICO) produces coal in Northern and Central Appalachia and
the Illinois Basin.  The Company has 13 active mining complexes,
of which 12 are located in Northern and Central Appalachia, and
one in Central Illinois.  ICG's mining operations and reserves are
strategically located to serve utility, metallurgical and
industrial customers throughout the eastern United States.

The Company's balance sheet at June 30, 2010, showed
$1.465 billion in total assets, $737.5 million in total
liabilities, and $727 million in stockholder's equity.

                           *     *     *

In March 2010, Standard & Poor's Ratings Services raised its
corporate credit rating on International Coal Group LLC to 'B+'
from 'B-'.  Moody's Investors Service affirmed the ratings of
International Coal Group, including the corporate family rating of
Caa1.


IRH VINTAGE: Files for Chapter 11 Protection to Halt Foreclosure
----------------------------------------------------------------
IRH Vintage Park Partners, the owner of the Vintage Park Apartment
Homes on Cutten Road in northwest Houston, sought bankruptcy
protection to forestall foreclosure that otherwise would have
taken place, Bill Rochelle, the bankruptcy columnist for Bloomberg
News, reported.

According to Mr. Rochelle, the $41 million mortgage from Capmark
Bank matured in July.  The bank already installed a receiver. The
bank declined to refinance the mortgage.

The project also has a $2.6 million mezzanine loan held by
Wrightwood Capital Lender LP.

Vintage Park, built in 2007, has 324 units situated on a 13-acre
plot.  Rents are as high as $1,567 a month.

IRH Vintage Park Partners, L.P., dba Vintage Park Apartment Homes,
filed for Chapter 11 protection on Sept. 2, 2010 (Bankr S.D. Tex.
Case No. 10-37503).  Edward L Rothberg, Esq., Melissa Anne
Haselden, Esq., and T. Josh Judd, Esq., at Hoover Slovacek, LLP,
in Houston, Texas, serve as bankruptcy counsel.  The Debtor
estimated asset and debts of $10 million to $50 million in its
Chapter 11 petition.


IRVINE SENSORS: VP Justice Buys 163,636 Unregistered Shares
-----------------------------------------------------------
James W. Justice, vice president at Irvine Sensors Corp.,
disclosed in a Form 4 filing with the Securities and Exchange
Commission that on August 30, 2010, he acquired 163,636 shares of
the company's common stock at $0.11 apiece.  He directly holds
those shares.  According to the filing, Mr. Justice purchased
unregistered shares directly from the Company as approved by the
Board of Directors.

                      About Irvine Sensors

Irvine Sensors Corporation -- http://www.irvine-sensors.com/--
headquartered in Costa Mesa, California, is a vision systems
company engaged in the development and sale of miniaturized
infrared and electro-optical cameras, image processors and stacked
chip assemblies and sale of higher level systems incorporating
such products and research and development related to high density
electronics, miniaturized sensors, optical interconnection
technology, high speed network security, image processing and low-
power analog and mixed-signal integrated circuits for diverse
systems applications.

Optex Systems, Inc., a Texas corporation and a wholly owned
subsidiary of Irvine Sensors, on September 21, 2009, filed a
voluntary petition for relief under Chapter 7 of the United States
Bankruptcy Code in the United States Bankruptcy Court in
California.

The Company's balance sheet at June 27, 2010, showed $6.86 million
in total assets and $14.73 million in total liabilities, and a
stockholders' deficit of $7.86 million.


JEFFERSON COUNTY: Alabama Judge to Appoint Receiver
---------------------------------------------------
Kathleen Edwards at Bloomberg News reports Alabama Circuit Court
Judge Albert Johnson said he intends to appoint a receiver to
manage Jefferson County's insolvent sewer system.  Judge Johnson
said in court September 7 in Birmingham that he will interview
people for the position and decide the receiver's authority.

                      About Jefferson County

Jefferson County has its seat in Birmingham, Alabama.  It has a
population of 660,000.  It ended its 2006 fiscal year with a
$42.6 million general fund balance, according to Standard &
Poor's.

Jefferson County is trying to restructure $3.2 billion in sewer
debt.  A bankruptcy by Jefferson County stands to be the largest
municipal bankruptcy in U.S. history.  It could beat the record of
$1.7 billion set by Orange County, California in 1994.

                           *     *     *

In August 2010, Standard & Poor's Ratings Services withdrew its
underlying rating on Jefferson County, Ala.'s series 2001B general
obligation warrants.  S&P lowered the SPUR to 'D' from 'B' on
Sept. 24, 2008, due to the county's failure to make a principal
payment on the bank warrants due Sept. 15, 2008, in accordance
with the terms of the Standby Warrant Purchase Agreement.

The county and the banks entered into a forbearance agreement that
effectively delayed payments due under the SWPA.


JOHN KONECNIK, JR.: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: John P. Konecnik, Jr.
        216 Casey Key Road
        Nokomis, FL 34275

Bankruptcy Case No.: 10-20279

Chapter 11 Petition Date: August 24, 2010

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

Judge: Caryl E. Delano

Debtor's Counsel: Lynn V. H. Ramey, Esq.
                  THE LAW OFFICES OF LYNN RAMEY
                  P.O. Box 2163
                  Tampa, FL 33611
                  Tel: (813) 787-3467
                  E-mail: lynn@lynnrameylaw.com

Scheduled Assets: $24,958,072

Scheduled Debts: $14,129,383

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Fisherman's Warf of Venice, Inc       10-10694            05/04/10

John P. Konecnik's List of 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Stephen A Witzer                   A Place to Be        $7,337,000
c/o Andrew Rosin, Exp              Motel
1820 Ringling Boulevard
Sarasota, FL 34236

Chase                              420 Casey Key Rd,    $3,100,000
P.O. Box 100569                    Nokomis, 34275
Florence, SC 29502

Chase Home Finance                 565 Blue Ridge         $147,710
P.O. Box 9001020                   Road, Lake
Louisville, KY 40290               Toxaway, NE 28747

Capital One                        Credit Card Debt        $12,000

AAA Financial Service              Credit Card Debt        $11,753

Chase                              Credit Card Debt         $6,171

Sarasota County Tax Collecto       A Place to Be            $3,870
Barbara Ford-Coates                Motel

Sarasota County Tax Collecto       A Place to Be            $3,600
Barbara Ford-Coates                Motel

Auto Owners                        Credit Card Debt         $1,154

Sarasota County Water              Services                   $506

Comcast Communications             Credit Card Debt           $493

Dowd & Whittaker                   Credit Card Debt           $440

Haywood Electric                   Services                   $364

Massey Svcs                        Services                   $360

Horizon Gas                        Services                   $340

Verizon                            Services                   $208

Sarasota County Water              Services                   $150

Sarasota County Water              Services                    $60

Sarasota County Water              Services                    $45

AAA Financial                      Credit Card Debt        unknown


LEHMAN BROTHERS: Innkeepers Judge Denies Plan Support Agreement
---------------------------------------------------------------
For reasons stated at court, Judge Shelley C. Chapman of the
United States Bankruptcy Court for the Southern District of New
York denied the motion filed by Innkeepers USA Trust and its 91
Debtor affiliates to assume a plan support agreement they entered
into with Lehman ALI, Inc., before the Petition Date.

In the Plan Support Agreement, Lehman ALI will, among other
things, receive, in full and final satisfaction of its
approximately $220 million secured claim with respect to a
mortgage loan, 100% of the new shares of common stock issued by
reorganized Innkeepers pursuant to its Chapter 11 plan, subject to
dilution by a management equity incentive program.  The Plan
Support Agreement also permits Lehman ALI to sell 50% of the
equity of reorganized Innkeepers.  On July 16, 2010, Lehman ALI
disclosed that it entered into a letter agreement with Apollo
Investment Corporation evidencing the sale of the 50% equity to
Apollo.

The Plan Support Agreement further provides that it will be
terminated if, among others, Lehman ALI has not executed
definitive agreements with respect to the sale of 50% of the
Lehman Shares for a purchase price of at least $107.5 million no
later than 45 days after the Petition Date; and Lehman has not
consummated the New Equity Sale Transaction no later than 270 days
after the Petition Date.

Several parties-in-interest objected to the request for approval
of the PSA, including:

  * Midland Loan Services, Inc.;
  * Appaloosa Investment L.P.;
  * Marriott International, Inc.;
  * the Ad Hoc Committee of Preferred Shareholders;
  * Wells Fargo Bank, N.A.;
  * C-III Asset Management LLC;
  * CWCapital Asset Management LLC;
  * TriMont Real Estate Advisors, Inc.; and
  * Five Mile Capital Partners LLC.

The Objecting Parties argued that assumption of the Plan Support
Agreement is unfair to the creditors and is not in the best
interests of the bankruptcy estates.  They also alleged that the
Debtors and Lehman ALI engineered the Motion to result in relief
from stay for Lehman ALI, without asking the Court for that
relief.

Several Objecting Parties have initially filed their objections
and exhibits under seal and the Debtors filed a sealed reply to
the objections.  However, upon her sua sponte motion, Judge
Chapman directed the parties to unseal their pleadings, except for
Marriott's exhibits.

Appaloosa pointed out that the Debtors have not and cannot
demonstrate that the Plan Support Agreement will hasten their
emergence from Chapter 11, and that to the contrary, it has
spurred extensive discovery requests and a motion for an examiner.

The Official Committee of Unsecured Creditors did not oppose the
Motion.  However, the Creditors Committee reserved all of its
rights to oppose the Debtors' Chapter 11 plan and accompanying
disclosure statement and sought to ensure that the Debtors are
obtaining maximum value for their estates and their creditors.
The Creditors' Committee also raised, among other things, its
concern that should litigation ensue over the Plan Support
Agreement for any reason, sufficient protocols are not in place to
protect the Debtors from being required to pay potentially
substantial sums to reimburse Lehman's legal fees and expenses.

In their reply to the objections, the Debtors insisted that the
Plan Support Agreement provides substantial benefits to the
estates because, among other things, it provides an outline for a
proposed restructuring by which they can equitize 100% of the debt
held by their second largest creditor, realize additional cash
flow under a deleveraged capital structure, and fund PIP
obligations to protect their core assets.

                        About Lehman Brothers

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

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

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

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

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

              International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)

                   About Innkeepers USA Trust

Innkeepers USA Trust is a self-administered Maryland real estate
investment trust with a primary business focus on acquiring
premium-branded upscale extended-stay, mid-priced limited service,
and select-service hotels.

Innkeepers, through its indirect subsidiaries, owns and operates
an expansive portfolio of 72 upscale and mid-priced extended-stay
and select-service hotels, consisting of approximately 10,000
rooms, located in 20 states across the United States.

Apollo Investment Corporation acquired Innkeepers in June 2007.

Innkeepers USA Trust and a number of affilaites filed for Chapter
11 on July 19, 2010 (Bankr. S.D.N.Y. Case No. 10-13800).

Attorneys at Kirkland & Ellis LLP, serve as counsel to the
Debtors.  AlixPartners is the restructuring advisor and Marc A.
Beilinson is the chief restructuring officer.  Moelis & Company is
the financial advisor.  Omni Management Group, LLC, is the claims
and notice agent.  The petition estimated assets and debts of more
than $1 billion as of the bankruptcy filing.

In 2009, Innkeepers' consolidated revenues were approximately
$292 million and adjusted EBITDA were approximately $85 million.
The Company's consolidated assets for 2009 totaled approximately
$1.5 billion.  As of July 19, 2010, the Company and its affiliates
have incurred approximately $1.29 billion of secured debt.

Bankruptcy Creditors' Service, Inc., publishes Innkeepers USA
Bankruptcy News.  The newsletter tracks the chapter 11
restructuring proceedings commenced by Innkeepers USA Trust and
its affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000).


LIONS GATE: Carl Icahn Reports 37.27% Stake
-------------------------------------------
Carl C. Icahn disclosed in a regulatory filing that he has
acquired a 37.27% stake in Lions Gate Entertainment Corp. as of
August 31.

Mr. Icahn last week increased the purchase price in connection
with the existing offer by his affiliated entities to purchase up
to all of the outstanding common shares of Lions Gate to $7.50 per
share in cash.

The revised offer is conditioned on there having been validly
tendered and not withdrawn that number of common shares which,
together with the 44,642,069 common shares owned by the Icahn
Group, constitutes at least 50.1% of the common shares outstanding
at the expiry time under the offer.  The revised offer is also
conditioned on the transaction in which 16,236,306 common shares
were issued on July 20, 2010 by Lions Gate to a fund controlled by
Mark Rachesky, a director and significant shareholder of Lions
Gate, having been either:

     (i) rescinded prior to the expiry time, so that such shares
         are no longer outstanding; or

    (ii) reformed to convert such shares into a new class of
         non-voting common shares (in which case such non-voting
         shares would not be eligible to be tendered into the
         offer).

The Icahn Group believes that Canada's corporate governance regime
is excellent and intends to vigorously pursue its claims regarding
the Rachesky transaction, which are scheduled to be heard by the
Supreme Court of British Columbia commencing on October 12, 2010.
If the Icahn Group is successful in obtaining the remedies it is
seeking from that Court the above condition relating to the
Rachesky transaction will be satisfied.

Among other customary conditions, the offer continues to be
conditioned on Lions Gate not entering into any material
transaction outside of the ordinary course of business (including
any acquisition of assets over $100 million), Lions Gate not
issuing any securities other than upon the exercise of currently
outstanding options, and all rights issued or issuable under the
poison pill adopted by Lions Gate's board of directors on July 1,
2010 being cease-traded or otherwise eliminated. The offer is not
subject to financing and will expire at 8:00 p.m., New York City
time, on October 22, 2010, unless extended or withdrawn.

Icahn said Lions Gate's latest actions -- including the recent
implementation of a second poison pill after the first poison pill
was struck down by Canadian securities regulators and the issuance
of Lions Gate common shares to a fund controlled by director and
significant shareholder Mark Rachesky -- have increased the Icahn
Group's concern that the directors are no longer acting as
fiduciaries.

"We believe it is reprehensible that this board recently
authorized the issuance of a significant block of stock to one of
its own members at $6.20 per share -- a bargain price in light of
the fact that the board recently advised shareholders that the
shares were worth $8.85 per share.  It is important to note that
the board did not make any attempt to determine whether Lions Gate
could have sold stock to a third party for more than the $6.20 per
share price at which the company issued shares to Mark Rachesky.
Given its recent decision to issue shares to an insider at $6.20
per share without conducting a market check, we would normally
expect that the board must recommend that shareholders accept our
offer of $7.50 per share, but with this board anything is
possible," Icahn said.

"The Icahn Group believes that this board will stop at almost
nothing to entrench its position at the expense of shareholders.
However, we believe that even these directors will realize that
their fiduciary duties dictate that they not deprive shareholders
of the opportunity to receive a significant premium for their
shares and therefore not enter into further inappropriate
transactions which would breach the conditions of the offer. The
Icahn Group has determined, in order to protect the large position
it now holds, that it is necessary to gain control of Lions Gate
and remove the current board. We have therefore decided to pay a
large premium for control of Lions Gate and are hereby increasing
the offer price to $7.50 per share. The Icahn Group intends to
seek to replace Lions Gate's board of directors with the Icahn
Group's nominees at the next annual general meeting of
shareholders and will seek to hold the directors personally
responsible to the maximum extent permitted under applicable law
if they attempt to enter into further transactions that are
dilutive or oppressive to the rights of shareholders in order to
entrench their position in the interim.

"The Icahn Group reserves the right to engage in discussions with
third parties regarding possible future acquisitions by Lions
Gate. However, there can be no assurance that these discussions
will take place.

The Company said in a statement that, "consistent with its
fiduciary duties and in consultation with its financial and legal
advisors, Lionsgate's Board of Directors will review Mr. Icahn's
revised offer and will make its recommendation to shareholders
promptly.

Morgan Stanley & Co. Incorporated is serving as financial advisor
to Lionsgate and Heenan Blaikie LLP is serving as legal advisor.
Perella Weinberg Partners LP is serving as financial advisor to
the Special Committee of the Lionsgate Board of Directors and
Wachtell, Lipton, Rosen & Katz is serving as U.S. legal advisor
and Goodmans LLP is serving as Canadian legal advisor.

                      About Lions Gate

British Columbia-domiciled and Santa Monica, California-
headquartered Lions Gate is a leading, diversified independent
producer and distributor of motion pictures, home entertainment,
television programming and animation worldwide and holds a
majority interest in the pioneering CinemaNow VOD business.  The
Lions Gate brand name is synonymous with original, cutting edge,
quality entertainment in markets around the world.

Lions Gate Entertainment Corp. reported total assets of
$1,592,874,000 against total liabilities of $1,594,454,000,
resulting in total deficiency of $1,580,000 as of June 30, 2010.

As reported by the Troubled Company Reporter on March 10, 2010,
Standard & Poor's Ratings Services revised its rating outlook on
Lions Gate to negative from stable.  At the same time, S&P
affirmed ratings on Lions Gate, including the 'B-' corporate
credit rating.

Lions Gate carries Moody's "B2" corporate family rating and
probability of default rating.


LONE TREE: Updated Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Lone Tree Investments LLC
        c/o Patricia E. Nolan
        1201 E. John Wesley Powell Blvd.
        Flagstaff, AZ 86001

Bankruptcy Case No.: 10-26776

Chapter 11 Petition Date: August 24, 2010

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

About the Debtor: Lone Tree Investments LLC owns and operates the
                  residential community, golf course, and related
                  facilities commonly known as Pine Canyon in
                  Flagstaff, Arizona.

Judge: Judge Redfield T. Baum PCT Sr.

Debtor's Counsel: John J. Hebert, Esq.
                  POLSINELLI SHUGHART, P.C.
                  3636 N. Central Avenue, Suite 1200
                  Phoenix, AZ 85012
                  Tel: (602) 650-2011
                  Fax: (602) 391-2546
                  E-mail: jhebert@polsinelli.com

Estimated Assets: $50,000,001 to $100,000,000

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

Debtor affiliates that filed separate Chapter 11 petitions:

  Entity                                Case No.   Petition Date
  ------                                --------   -------------
Pine Canyon Golf, L.L.C.                10-26779      8/24/10
Assets: $1,000,000 to $10,000,000
Debts: $10,000,000 to $50,000,000
Mountain Vista at Pine Canyon, L.L.C.   10-26785      8/24/10
Assets: $1,000,000 to $10,000,000
Debts: $10,000,000 to $50,000,000
Elk Pass, L.L.C.                        10-26790      8/24/10
Assets: $1,000,000 to $10,000,000
Debts: $10,000,000 to $50,000,000
Deer Creek Crossing, L.L.C.             10-26792      8/24/10
Creekside Village Homes, LLC            10-26794      8/24/10

The petitions were signed by, Patricia E. Nolan, president of
Central and Osborn Properties, Inc., member.

A list of Lone Tree's largest unsecured creditors filed together
with the petition is available for free
at http://bankrupt.com/misc/azb10-26776.pdf

A list of Pine Canyon's largest unsecured creditors filed together
with the petition is available for free
at http://bankrupt.com/misc/azb10-26779.pdf

A list of Mountain Vista's largest unsecured creditors filed
together with the petition is available for free
at http://bankrupt.com/misc/azb10-26785.pdf

A list of Elk Pass's largest unsecured creditors filed together
with the petition is available for free
at http://bankrupt.com/misc/azb10-26790.pdf

Lone Tree's list of its 20 largest unsecured creditors:

   Entity                       Nature of Claim       Claim Amount
   ------                       ---------------       ------------
Johnson Bank                    Lots 257, 258,
c/o Scott Kelly                 260-262, 265-266,
3131 E. Camelback Road          270, 272-274,
Phoenix, AZ 85016               278-291, 293, 295,
                                297-298, 300-306,
                                309, 311 and 312,      $24,275,826
                                The Estates at Pine    (15,470,000
                                Canyon Unit Four       secured)

Lone Tree Developers, LLC       Creditor has right
1121 W. Warner Road,            to acquire two lots
#109                            pursuant to
Tempe, AZ 85284                 10/21/2006
                                Agreement                 $425,000

Warren W. Smith
1648 East Mira Vista Court      Deferred
Flagstaff, AZ 86001             Compensation              $800,000

San Francisco Peaks LP          Creditor alleges it
                                is entitled to one
                                lot owned by
                                debtor pursuant to
                                1/14/00 agreement         $120,000

Johnson Bank Cardmember
Services                        Operating
                                Expenses                   $12,283

Wade McElwain                   Construction work           $9,232

Flagstaff Publishing Co.                                    $4,470

Hogue Printing, Inc.                                        $3,758

Keith Johanson                  Construction work           $2,676

CBS Outdoor                                                 $2,513

Eager Welding                                               $2,480

Pazdur Publishing, Inc.                                     $2,218

Precise Network Services                                    $2,025

A & A Cutting Tree Service                                  $1,188

AVDOMOTICS                                                  $1,800

Pappas Consulting                                           $1,635

Sam's Club/GEMB                 Operating
                                Expenses                    $1,510

Mogollon Engineering &
Surveying, Inc.                                             $1,256

Castilleja Landscape & Design                               $1,208

Mark Systems                                                $1,075


LONE TREE: Section 341(a) Meeting Scheduled for Sept. 28
--------------------------------------------------------
The U.S. Trustee for Region 14 will convene a meeting of Lone Tree
Investments LLC's creditors on September 28, 2010, at 12:30 p.m.
The meeting will be held at the US Trustee Meeting Room, 230 N.
First Avenue, Suite 102, Phoenix, Arizona.

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.

Lone Tree Investments LLC owns and operates the residential
community, golf course, and related facilities commonly known as
Pine Canyon in Flagstaff, Arizona.  Lone Tree, together with five
affiliates, filed for Chapter 11 bankruptcy protection on August
24, 2010 (Bankr. D. Ariz. Lead Case No. 10-26776).  John J.
Hebert, Esq., at Polsinelli Shughart, P.C., assists the Debtors in
their restructuring effort.  Lone Tree estimated its assets at $50
million to $100 million and debts at $10 million to $50 million.


LONE TREE: Taps Polsinelli Shughart as Bankruptcy Counsel
---------------------------------------------------------
Lone Tree Investments, LLC, et al., ask for authorization from the
U.S. Bankruptcy Court for the District of Arizona to employ
Polsinelli Shughart PC as bankruptcy counsel.

PS will, among other things:

     a. prepare pleadings and applications;

     b. conduct examinations incidental to the administration of
        the Debtors' bankruptcy cases and estates;

     c. take any necessary action incident to the proper
        preservation and administration of the Chapter 11 estates;
        and

     d. advise the Debtors in the formulation and presentation of
        a plan of reorganization and accompanying disclosure
        statement.

PS will be paid based on the hourly rates of its personnel:

        Partners                      $275-$600
        Associates                    $220-$250
        Paralegals                    $135-$145

Mark W. Roth, Esq., a shareholder at PS, assures the Court that
the firm is "disinterested" as that term is defined in Section
101(14) of the Bankruptcy Code.

Lone Tree Investments LLC owns and operates the residential
community, golf course, and related facilities commonly known as
Pine Canyon in Flagstaff, Arizona.  Lone Tree, together with five
affiliates, filed for Chapter 11 bankruptcy protection on August
24, 2010 (Bankr. D. Ariz. Lead Case No. 10-26776).  Lone Tree
estimated its assets at $50 million to $100 million and debts at
$10 million to $50 million.


LONE TREE: Wants Filing of Schedules Extended Until Sept. 21
------------------------------------------------------------
Lone Tree Investments, LLC, et al., ask the U.S. Bankruptcy Court
for the District of Arizona to extend the deadline for the filing
of schedules of assets and liabilities and statements of financial
affairs by 14 days, or until September 21, 2010.

The Debtors, with the assistance of its professionals, anticipates
it will be able to complete and file their Statements and
Schedules by September 21, 2010.  This will afford the U.S.
Trustee and other interested parties to review the Debtors'
Statements and Schedules before the first meeting of creditors,
currently scheduled for September 28, 2010.

Lone Tree Investments LLC owns and operates the residential
community, golf course, and related facilities commonly known as
Pine Canyon in Flagstaff, Arizona.  Lone Tree, together with five
affiliates, filed for Chapter 11 bankruptcy protection on August
24, 2010 (Bankr. D. Ariz. Lead Case No. 10-26776).  John J.
Hebert, Esq., at Polsinelli Shughart, P.C., assists the Debtors in
their restructuring effort.  Lone Tree estimated its assets at $50
million to $100 million and debts at $10 million to $50 million.


LPATH INC: Daniel Petree Acquires 5,556 Restricted Stock Units
--------------------------------------------------------------
Lpath Inc. director Daniel H. Petree disclosed that on
September 1, 2010, he acquired 5,556 Restricted Stock Units.  Each
restricted stock unit represents a contingent right to receive one
share of Lpath Inc. Class A Common Stock.

The Restricted Stock Units were granted to Mr. Petree pursuant to
the Lpath, Inc. Amended and Restated 2005 Equity Incentive Plan
and are subject to a vesting schedule.  The Restricted Stock Units
will vest in four equal monthly installments, commencing
September 1, 2010.  Vested shares will be delivered to Mr.
Petree's on the fifth anniversary of the date of grant or upon an
earlier termination of Mr. Petree's service to Lpath, disability,
death, or sale of Lpath.

Lpath's Board of Directors elected Mr. Petree as Chairman of the
Board on Sept. 1, 2010.

                            About Lpath

San Diego, Calif.-based Lpath, Inc. is a biotechnology company
focused on the discovery and development of lipidomic-based
therapeutics, an emerging field of medical science whereby
bioactive lipids are targeted to treat human diseases.

The Company's balance sheet at June 30, 2010, showed
$6.42 million in total assets, $4.76 million in total liabilities,
and $1.67 million in stockholders' equity.

According to the Company's 2009 annual report on Form 10-K, Moss
Adams LLP, in San Diego, Calif., expressed substantial doubt about
the Company's ability to continue as a going concern.  The
independent auditors noted that the Company had incurred
significant cash losses from operations since inception and
expects to continue to incur cash losses from operations in 2010
and beyond.


MELISSA MILLER: Section 341(a) Meeting Set for September 15
-----------------------------------------------------------
The U.S. Trustee for Region 16 will convene a meeting of creditors
in Melissa Mosich Miller's Chapter 11 case on September 15, 2010,
at 11:00 a.m.  The meeting will be held at 21051 Warner Center
Lane, No. 105, Woodland Hills, California.

This is the first meeting of creditors required under Section
341(a) of the 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.

Malibu, California-based Melissa Mosich Miller filed for Chapter
11 protection on August 11, 2010 (Bankr. C.D. Calif. Case No. 10-
19870).  Jacqueline L. Rodriguez, Esq. represent the Debtor in its
restructuring effort.  The Debtor estimated assets at $10 million
to $50 million and debts at $1 million to $10 million.    



MERUELO MADDUX: Plan Outline Hearing Scheduled for September 10
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
will convene a hearing on September 10, 2010, at 9:30 a.m., to
consider the adequacy of the Disclosure Statement explaining
Meruelo Maddux Properties, Inc.'s Plan of Reorganization.

As reported in the Troubled Company Reporter on September 6, 2010,
the Debtor amended for the third time its proposed Joint Plan of
Reorganization and related Disclosure Statement.

The Plan provides for the payment in full of all claims over time
with interest.  The secured claims will be paid interest only over
the term of the Plan and the principal balance will be paid either
through the sale of the property securing the claim or the
refinance of the secured debt.  PI shareholders will retain their
shares in MMPI.  MMPLP will be merged into MMPI and MMPLP's equity
interests will be cancelled.  Payments under the Plan will be
funded from the Debtors' operations, existing cash at the
Effective Date and the sale and refinance of certain of the
Debtors' assets.

A full-text copy of the black-lined version of the Disclosure
Statement, as twice amended, is available for free at:

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

                        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.


MOVIE GALLERY: Files Omnibus Claims Objections
----------------------------------------------
Movie Gallery Inc. and its units submitted to the U.S. Bankruptcy
Court their first to ninth omnibus objections to claims where they
seek to:

  -- disallow, reclassify, or reduce the amounts of 17 tax
     claims;

  -- reclassify more than 200 landlord claims as non-priority
     general unsecured claims;

  -- disallow, reclassify, or reduce more than 90 utility
     claims;

  -- disallow more than 500 duplicate claims;

  -- reduce the priority portions to not more than $10,950 of 18
     employee claims;

  -- disallow more than 200 amended and restated claims;

  -- disallow about a hundred late-filed claims; and

  -- disallow or reclassify 24 revenue sharing claims,
     administrative claims, and miscellaneous claims.

Lists of the Claims subject to the Omnibus Objections are
available for free at:

            http://bankrupt.com/misc/MG1stOmObj.pdf
            http://bankrupt.com/misc/MG2ndOmObj.pdf
            http://bankrupt.com/misc/MG3rdOmObj.pdf
            http://bankrupt.com/misc/MG4thOmObj.pdf
            http://bankrupt.com/misc/MG5thOmObj.pdf
            http://bankrupt.com/misc/MG6thOmObj.pdf
            http://bankrupt.com/misc/MG7thOmObj.pdf
            http://bankrupt.com/misc/MG8thOmObj.pdf
            http://bankrupt.com/misc/MG9thOmObj.pdf

                       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.

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


MOVIE GALLERY: Wins Nod for Leach Travell as Insurance Counsel
--------------------------------------------------------------
Movie Gallery Inc. and its units received the U.S. Bankruptcy
Court's authority to employ Leach Travell Britt pc as their
special counsel pursuant to an engagement letter dated August 9,
2010.

The Debtors note that various issues and concerns have been
raised by Liberty Mutual Insurance Company and its affiliates,
with whom the Debtors maintained various insurance policies, in
the Chapter 11 cases.

Both Kutak Rock LLP and Sonnenschein Nath & Rosenthal LLP, the
Debtors' regular counsels, have pre-Commencement Date client
relationships with Liberty Mutual, so that those firms and the
Debtors have determined that the Debtors should employ special
counsel to handle all matters relating to the Policies.

The Debtors say that they chose Leach Travell because of, among
other things, Leach Travell's experience and expertise in the
field of business reorganizations under Chapter 11 of the
Bankruptcy Code, the Firm's experience and expertise in
representing debtors-in-possession, and the Firm's ability to
respond promptly and efficiently to the legal issues that may
arise in connection with the Debtors' relationship with Liberty
Mutual or other matters.

As the Debtors' special counsel, Leach Travell will be (a) acting
as conflicts counsel to the Debtors in connection with matters
that cannot be appropriately handled by Sonnenschein Nath or
Kutak Rock because of a conflict of interest or otherwise; and
(b) performing all other necessary or otherwise beneficial legal
services for the Debtors in connection with the prosecution of
the Chapter 11 cases.

Leach Travell will be paid based on its hourly rates and will be
reimbursed for its necessary out-of-pocket expenses:

    Principal                 $415
    Associates                $300
    Paraprofessionals         $100

Stephen E. Leach, Esq., a principal of Leach Travell, assures the
Court that his firm is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code.

                       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.

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


NORD RESOURCES: Chairman Hirsch Acquires 186,900 Shares
-------------------------------------------------------
Ronald A. Hirsch, chairman of Nord Resources, disclosed in a Form
4 filing that he acquired 3,004 shares of the company's common
stock at $0.065 a share on August 27, 2010.  He acquired 186,639
shares on August 26.  The transaction raised his stake to
8,115,524 shares.  He directly holds those shares.

There are 110,972,582 shares of Nord common stock as of June 30,
2010.

Based in Tuczon, Arizona, Nord Resources Corporation
(TSX:NRD/OTCBB:NRDS.OB) -- http://www.nordresources.com/-- is a
copper mining company whose primary asset is the Johnson Camp
Mine, located approximately 65 miles east of Tucson, Arizona.
Nord commenced mining new ore on February 1, 2009.

Nedbank, the Company's senior lender, has declined to extend the
forbearance agreement with respect to the scheduled principal and
interest payment in the approximate amount of $2,150,000 that was
due on March 31, 2010 under the Company's $25,000,000 secured
term-loan credit facility with Nedbank.  Nedbank Capital has also
declined to extend the forbearance agreement regarding the
Company's failure to make the payment of $697,869 due on April 6,
2010 under the Copper Hedge Agreement between the parties.  Both
forbearance agreements expired at midnight on May 13, 2010.

The Company is now in default of its obligations under the Credit
Agreement and the Copper Hedge Agreement with Nedbank.

On June 2, 2010, Nord Resources appointed FTI Consulting to advise
on refinancing structures and strategic alternatives.

The Company's balance sheet at June 30, 2010, showed
$71.34 million in total assets, $54.68 million in total
liabilities, and $16.65 million in stockholders' equity.


NORTH GENERAL: Meeting of Creditors Scheduled for September 13
--------------------------------------------------------------
The U.S. Trustee for Region 2, will convene a meeting of creditors
in North General Hospital, et al.'s Chapter 11 cases on
September 13, 2010, at 2:00 p.m., Eastern Time.  The meeting will
be held at Office of the United States Trustee, 80 Broad Street,
4th Floor, New York City.

This is the first meeting of creditors required under Section
341(a) of the 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.

                        About North General

New York-based North General Hospital is a not-for-profit 200-bed
community hospital in upper Manhattan that has serviced the
communities of East and Central Harlem since the 1970s.  The
Hospital filed for Chapter 11 bankruptcy protection on July 2,
2010 (Bankr. S.D.N.Y. Case No. 10-13553).  Charles E. Simpson,
Esq., at Windels, Marx, Lane & Mittendorf, LLP, assists the
Debtor in its restructuring effort.  Garfunkel Wild, P.C., is the
Company's healthcare counsel.  Alvarez & Marsal is the Company's
restructuring consultant.  The Debtor disclosed $47,670,748 in
assets and $279,519,927 in liabilities as of the Petition Date.


PCS EDVENTURES!.COM INC: Officers Receive Shares for August Work
----------------------------------------------------------------
PCSEdventures.Com Inc.'s CEO and Chairman Anthony A. Maher
disclosed acquiring 4,237 shares of common stock on August 31,
raising his stake to 2,212,630 shares.

President, COO and CTO Robert O. Grover disclosed acquiring 1,766
shares of common stock on August 31, raising his stake to 358,431
shares.  He then sold 8,750 of those shares on September 1
pursuant to a 10b5-1 trading plan.

Controller Janelle L. Conaway disclosed acquiring 602 shares of
common stock on August 31, raising her stake to 47,818 shares.

The Common Stock issued for services rendered for the period
August 16, 2010 through August 31, 2010.

                    About PCS Edventures!.com

Boise, Idaho-based PCS Edventures!.com, Inc. (OTC BB: PCSV) --
http://www.edventures.com/-- is engaged in the design,
development and delivery of educational learning labs bundled with
related technologies and programs to the K-12 market worldwide.
The PCS suite of products ranges from hands-on learning labs in
technology-rich topics in Science, Technology, Engineering and
Math (STEM) to services rich in imagination, innovation, and
creativity.  PCS programs operate in over 6,000 sites in all 50
United States as well as in 17 countries internationally.

The Company's balance sheet as of June 30, 2010, showed
$1.64 million in total assets, $480,236 in total liabilities, and
a stockholders' equity of $1.16 million.

                          *     *     *

M&K CPAS PLLC expressed substantial doubt about the Company's
ability to continue as a going concern, following its fiscal 2010
results.  The firm noted that the Company has suffered reoccurring
losses and negative cash flow from operations.


PARKLEX ASSOCIATES: Fee Request Denied on Non-Disclosure
--------------------------------------------------------
In In re: Parklex Associates, Inc. (Bankr. S.D.N.Y. Case No.
09-12996), the Debtors filed 12 separate chapter 11 petitions on
May 11, 2009.  The cases were consolidated for joint
administration.  On July 1, 2009, the Court entered a written
order dismissing the chapter 11 cases following a hearing on the
same day.  Debtors' counsel, Isaac Nutovic, Esq., at Nutovic &
Associates, the retention of whom was approved by the Court on an
interim basis only on June 5, 2009, asked the Court for $84,008 in
fees and $200.43 in expenses, including (a) $69,832 in fees for
work completed from May 11, 2009 through July 1, 2009 (while the
case was pending) and (b) $14,076 in fees incurred in preparing
and arguing the Application after the case was dismissed.  The
Scher Law Firm, LLP, as nominee and attorneys for certain limited
partners of debtor Parklex Associates L.P., objected.

On September 2, 2010, Judge Martin Glenn denied the request,
holding that Nutovic violated sections 327 and 330 of the
Bankruptcy Code by spending the entire retainer after the case was
dismissed.  Judge Glenn also held that the failure to disclose the
source of a retainer is sufficient to deny a fee application
before or after a case is dismissed.

Prior to filing their bankruptcy cases, the Debtors, controlled by
individual debtor Fred Deutsch, managed real estate primarily to
reduce investors' tax liability.  Parklex LP managed real estate
located at 114 East 32nd Street to generate tax deductions for the
benefit of certain parties invested in the property.

A copy of the decision is available at:

     http://www.leagle.com/unsecure/page.htm?shortname=inbco20100902488


PEARVILLE LP: Has Access to Cash Collateral Until September 30
--------------------------------------------------------------
The Hon. Karen K. Brown of the U.S. Bankruptcy Court for the
Southern District of Texas, in a final order, authorized
Pearville, L.P.'s access to cash securing obligations to its
prepetition secured lenders.

The Debtor's prepetition secured lenders are the International
Bank of Commerce (IBC), Paul J.A. Van Hessen and Tribble &
Stephens.

The Debtor may use the lenders' cash collateral up to the maximum
of $20,450 to fund its Chapter 11 case, pay suppliers and other
parties until September 30, 2010.

As reported in the Troubled Company Reporter on August 11, 2010,
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 o Pearville, L.P n
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.


PETROHUNTER ENERGY: Posts $2.1 Million Net Loss in June 30 Quarter
------------------------------------------------------------------
PetroHunter Energy Corporation filed its quarterly report on Form
10-Q, reporting a net loss of $2.1 million on no revenue for the
three months ended June 30, 2010, compared to a net loss of
$826,000 on $8,000 of revenue for the three months ended June 30,
2009.

The Company has an accumulated deficit of $285.4 million and a
working capital deficit of $12.4 million as of June 30, 2010.

The Company's balance sheet as of June 30, 2010, showed
$3.4 million in total assets, $64.7 million in total liabilities,
and a stockholders' deficit of $61.3 million.

As reported in the Troubled Company Reporter on January 18, 2010,
Eide Bailly LLP, in Greenwood Village, Colorado, expressed
substantial doubt about PetroHunter Energy Corporation's ability
to continue as a going concern, following its fiscal 2009 results.
The independent auditors noted that the Company has an accumulated
deficit of $279.2 million and net loss of $129.7 million for the
fiscal year ending September 30, 2009, and as of that date has a
working capital deficit of $64.9 million.

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

                http://researcharchives.com/t/s?6ada

                     About PetroHunter Energy

Based in Denver, Colorado, PetroHunter Energy Corporation
is an oil and gas exploration company, which currently owns oil
and gas leasehold interests either directly or through an equity
investment in Australia (Beetaloo Basin) and in Western Colorado
(Piceance Basin).  The Company is incorporated in the State of
Maryland.


PPA HOLDINGS: Chapter 11 Trustee Can Sell Property to Pay Claims
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
authorized, Thomas H. Casey, the Chapter 11 trustee in the cases
of PPA Holdings LLC and its affiliates to sell the real property
located at 3626 East Pacific Coast Highway, Long Beach, California
to the purchasers.

The purchasers consist of Mitchell R. Geller, a single man as his
sole and separate property, as to an undivided one-third interest;
Steven D. Eperthener as trustee of the Steven D. Eperthener 1991
Trust, as to an undivided one-third interest; and William L.
McConnell and Carol L. McConnell, as trustees of the William L.
and Carol L. McConnell Family Trust dated September 5, 1997, as to
an undivided one-third interest; all as tenants-in-common.

With respect to Cathay Bank's first trust deed loan payoff demand
of $860,058 plus $120 per day commencing August 9, 2010, the
trustee is authorized to pay Cathay Bank, upon close of escrow,
the entirety of said payoff demand, less a hold-back in the amount
$25,000.

Upon the Closing, the trustee may also disburse, or cause to be
disbursed, the sale proceeds directly from escrow to satisfy the
secured claim of Cathay Bank related to the property, and to pay
costs of sale and any outstanding property taxes.

The trustee may pay Marcus & Millichap Real Estate Investment
Services, Inc., the commission upon the closing or upon entry of
an order of the Court approving the employment of Marcus &
Millichap, whichever occurs later.

                      About PPA Holdings LLC

Irvine, California-based PPA Holdings LLC and its affiliates
collectively owned and managed 47 multi-family apartment
complexes, consisting of 2,398 individual apartment units, three
office/commercial buildings, and a condominium unit.

The Company and its affiliates filed for Chapter 11 on June 26,
2009 (Bankr. C.D. Calif. Lead Case No. 09-16353).  Nanette D.
Sanders, Esq., and Todd C. Ringstad, Esq., at Ringstand & Sanders
LLP, represent the Debtors in their restructuring efforts.
Richard W. Esterkin, Esq., at Morgan Lewis & Bockius LLP,
represents the official committee of unsecured creditors as
counsel.  The Debtors estimated assets at $10 million to
$50 million and debts at $50 million to $100 million.


PPA HOLDINGS: Chapter 11 Trustee Can Use Cash Until September 30
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
authorized, Thomas H. Casey, the Chapter 11 trustee in the cases
of PPA Holdings LLC and its affiliates to use the cash securing
obligation with the secured lender until September 30, 2010.

The Trustee may use cash collateral from each property, all rents
and other cash receipts generated from a particular property, only
to pay the ordinary and necessary postpetition operating expenses
for that property.

As adequate protection for any diminution in value of the lenders'
collateral, the Debtors will grant the secured lender replacement
lien on the Debtors' assets and a superpriority claim status.

                      About PPA Holdings LLC

Irvine, California-based PPA Holdings LLC and its affiliates
collectively owned and managed 47 multi-family apartment
complexes, consisting of 2,398 individual apartment units, three
office/commercial buildings, and a condominium unit.

The Company and its affiliates filed for Chapter 11 on June 26,
2009 (Bankr. C.D. Calif. Lead Case No. 09-16353).  Nanette D.
Sanders, Esq., and Todd C. Ringstad, Esq., at Ringstand & Sanders
LLP, represent the Debtors in their restructuring efforts.
Richard W. Esterkin, Esq., at Morgan Lewis & Bockius LLP,
represents the official committee of unsecured creditors as
counsel.  The Debtors estimated assets at $10 million to
$50 million and debts at $50 million to $100 million.


REDDY ICE: Admin. Officer Wallander Acquires 3,000 Shares
---------------------------------------------------------
Angela Wallander, Reddy Ice Holdings, Inc.'s EVP and chief
administrative officer, disclosed acquiring 3,000 shares in
various transactions between August 31 and September 2, pursuant
to a 10b5-1 trading plan.

There are 22,942,453 shares of Reddy Ice Holdings common stock
outstanding as of August 6, 2010.

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.

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 a
stockholders' deficit of $10.62 million.

                          *     *     *

As reported by the Troubled Company Reporter on August 17, 2010,
Moody's Investors Service lowered Reddy Ice Holdings' corporate
family and probability-of-default ratings to B3 from B2, and its
$12 million senior discount notes due 2012 to Caa2 from Caa1.
Moody's also lowered the rating on Reddy Ice Corporations' $300
million first lien senior secured notes due 2015 to B2 from B1 and
the $139 million second lien notes due 2015 to Caa2 from Caa1.
The ratings outlook remains negative.  The speculative grade
liquidity rating was affirmed at SGL-3.

The ratings downgrade was prompted by Reddy Ice's elevated
financial leverage through the first half of 2010 due to weaker
than expected operating performance and the expectation that
leverage will remain elevated.  The B3 corporate family rating
considers ongoing operational risks related to weather as well as
increasing acquisition activity.

Reddy Ice carries 'B-' issuer credit ratings, with "negative"
outlook, from Standard & Poor's.


RESERVE DEVELOPMENT: Sends Spanish Palms Condos to Chapter 11
-------------------------------------------------------------
The Reserve Development LLC, filed for Chapter 11 protection on
September 1, 2010 (Bankr. D. Nev. Case No. 10-26715).

Reserve Development owns The Spanish Palms Condominiums, a 188-
unit project in Las Vegas.  The Debtor says the project is worth
$12.8 million.  The mortgage, held by Corus Construction Inc., is
$25.7 million.

Laurel E. Davis, Esq., at Fennemore Craig, P.C., in Las Vegas,
Nevada, is the bankruptcy counsel.

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


SACKETS HARBOR: Jefferson IDA Presents 3 Loan Repayment Options
---------------------------------------------------------------
Nancy Madsen, writing for The Watertown Daily Times, reports that
the Jefferson County Industrial Development Agency's board has
agreed to give the owners of Sackets Harbor Trading Co. LLC the
choice to pay the agency a lump sum of $20,000 instead of the
loan's full outstanding amount of $27,000.  The board first talked
in executive session as the item entails possible litigation.

According to the report, the agency will give owners Mark A.
Pacilio and Daniel H. Menapace up to 30 days to sign an agreement
with the agency and an additional 60 days to make the one-time
payment.

According to the report, the owners in the failed venture also
could choose to abide by the current agreement, which called for
full payment of the loan, with no interest, over 10 years.
Otherwise, the agency will expect payment per the original
schedule.

According to the report, the two owners told the agency's loan
review committee in March that the agency hamstrung its success as
a distributor for regional agricultural goods by failing to give
them full access to a regional "North Country" brand.  The report
relates the $40,000 loan approved in June 2005 was to help the
company acquire, market and distribute products that have been
grown, produced or crafted in Northern New York.  The loan was
contingent on the owners obtaining additional investor financing
for the business, and on the business being a successful applicant
in a request for proposal process to take over the North Country
branding program begun by JCIDA.  Ultimately, the agency was
supposed to issue a request for proposals to control the brand.
That never happened.


SCHUTT SPORTS: Files for Chapter 11 Protection
----------------------------------------------
Schutt Sports, Inc. and five affiliates -- Mountain View
Investment Company of Illinois, Circle System Group, Inc., Melas,
Inc., R.D.H. Enterprises, Inc. and Triangle Sports, Inc. -- filed
petitions under Chapter 11 of the United States Bankruptcy Code in
the United States Bankruptcy Court for the District of Delaware.
The Company intends to operate its business without interruption
during the Chapter 11 cases as it explores certain strategic
options to maximize value and recoveries for all stakeholders.

"Schutt's management and board of directors determined that a
Chapter 11 process would provide the best long-term solution for
our customers, suppliers, and employees," said Robert Erb,
President and Chief Executive Officer of Schutt.  "This process
will allow us to continue operating our business as usual and to
continue servicing our customers without disruption.  We have the
support of our bank, a great brand and look forward to
strengthening our balance sheet and serving our customers for many
years to come."

The Company has obtained a Debtor-in-Possession financing facility
of $34 million, which will provide sufficient funds to continue
normal business operations.

The Company is exploring strategic options to maintain long-term
health, including selling some or all of the businesses or raising
additional equity.  The Company has received a proposal for a plan
of reorganization funded by a rights offering, backstopped by a
group of investors.  Riddell, Inc., whose lawsuit was a proximate
cause of the need to file chapter 11 would not be given the
opportunity to invest in the proposed rights offering.

The proposed plan of reorganization would also provide for a
significant deleveraging of the Company's balance sheet.  The
Company is considering this proposal, while it also seeks other
equity sponsors and acquirers for Schutt.  If one of these
transactions were to materialize, it would be implemented via a
plan or Section 363 auction transaction.  The Company has engaged
Oppenheimer & Co., Inc., as its investment banker, to explore
these options.

The Company will continue to pursue vigorously its appeal of the
judgment entered against it in favor of Riddell, Inc. during this
process.

According to netDockets, the Debtors blamed the chapter 11 filings
on four major factors:

   -- the general financial downturn has hurt the companies' sales
      to school teams as school districts have seen their budgets
      cut;

   -- the companies have incurred significant costs related to the
      discovery of certain fraudulent actions taken by the
      management of Circle System Group, which Schutt acquired in
      September 2005 for $23.4 million;

   -- one of Schutt's major competitors, Riddell, Inc., sued
      Schutt in December 2008 alleging that certain features of
      Schutt's most successful football helmets (the ION and DNA
      models) infringed Riddell's patents.  On August 9, 2010, a
      federal jury found in favor of Riddell and awarded Riddell
      approximately $29 million in damages.  On September 1,
      Riddell filed a second patent infringement suit related to
      Schutt's AiR Flex shoulder pads;

   -- Finally, as a result of the preceding issues, the companies
      violated financial covenants under multiple financing
      facilities.  Schutt also missed an April 2010 "applicable
      high yield discount obligation" payment on its subordinated
      notes.

Schutt is represented in the cases by Greenberg Traurig, LLP as
legal counsel and Oppenheimer & Co., Inc. as investment bankers.

                    About Schutt Sports

Schutt Sports is a domestic manufacturer and the world's leading
maker of football helmets and faceguards. Three out of four
professional football players take the field wearing Schuttr gear.
The ION 4D, AiR XP, and DNA line of helmets are the world's only
football helmets to feature TPU Cushioning - the same material
used by the US military for helmets for fighter pilots and
paratroopers. Schutt faceguards are the best in the world, both in
form and in function. Schutt is also the manufacturer and supplier
of bases to Major League Baseball and helmets and protective
equipment for the US Olympic Softball Team. Schutt gear is
designed for maximum performance based on standards dictated by
the most important person in our world - the player.

Schutt shares the same passion, intensity and devotion to the game
as the player. Players know what they want, they know why they
want it and they know they'll succeed when they get it. For nearly
a century, Schutt has made their gear - all with the sole purpose
of empowering players to focus and perform at the top of their
game.

                       About Schutt Sports

Headquartered in Litchfield, Illinois, Schutt Sports, Inc. and its
affiliates are leading manufacturers of team sporting equipment,
primarily for football, baseball and softball.  The companies
generated 2009 revenue of nearly $69 million and report that they
are the second-largest and third-largest employers in the towns of
Litchfield and Salem, Illinois, respectively.


SCHUTT SPORTS: Case Summary & 40 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Schutt Sports, Inc.
          fka Schutt Manufacturing Company
          aka Schutt Sports Manufacturing Co.
              Schutt Sports Distribution Company
              Schutt Athletic Sales Company
        710 South Industrial Drive
        Litchfield, IL 62056

Bankruptcy Case No.: 10-12795

Chapter 11 Petition Date: September 6, 2010

Court: U.S. Bankruptcy Court
       District of Delaware (Delaware)

Debtor's Counsel: Victoria Watson Counihan, Esq.
                  GREENBERG TRAURIG, LLP
                  The Nemours Building
                  1007 North Orange Street, Suite 1200
                  Wilmington, DE 19801
                  Tel: (302) 661-7000
                  Fax: (302) 661-7360
                  E-mail: bankruptcydel@gtlaw.com

Debtor's
Financial
Advisor:          Ernst & Young

Debtor's
Investment
Banker:           Oppenheimer & Co., Inc.

Estimated Assets: $50,000,001 to $100,000,000

Estimated Debts: $50,000,001 to $100,000,000

Debtor-affiliates that filed separate Chapter 11 petitions:

                                                        Petition
        Entity                                Case No.    Date
        ------                                --------    ----
Circle System Group, Inc.                     10-12796   9/06/10
Melas, Inc.                                   10-12797   9/06/10
Mountain View Investment Co. of Illinois      10-12794   9/06/10
R.D.H. Enterprises, Inc.                      10-12798   9/06/10
Triangle Sports, Inc.                         10-12799   9/06/10

The petitions were signed by Rollen Jones, chief financial
officer.

Debtor's List of 40 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Riddell Inc.                       Litigation          $29,000,000
669 Sugar Lane
Elyria, Ohio 44035

Windjammer Capital Investors       Subordinated Debt   $17,400,000
890 Winter Street, Suite 130
Walthan, MA 02451

Ponderosa Int'l Ltd                Trade Debt           $2,603,220
3F, 126, Ming Tsu W. Road
Taipei, Taiwan

Genn Shang Ind. Co., Ltd.          Trade Debt           $2,147,011
#1-14, MA Tou Kow Tainan Hsien

Ropes & Gray, LLP                  Professional         $1,989,647
P.O. Box 414265                    Service
Boston, MA 02241-4265

Kirkland & Ellis LLP               Professional           $589,681
300 North LaSalle                  Service
Chicago, IL 60654

Alan Abeshaus                      Subordinated Note      $560,013
459 Wedgewood Drive
Easton, PA 18045

Mitchell Kurlander                 Subordinated Note      $479,996
3717 Barrington Drive
Allenton, PA 18104

Eric Abeshaus                      Subordinated Note      $479,996
32 Old Mine Road
Lebanon, NY 08833

David Drill                        Subordinated Note      $479,996
3762 Tiffany Drive
Easton, PA 18045

Unique Personnel Consultants, Inc. Temporary Staffing     $472,197
39018 Treasury Center              Agency
Chicago, IL 60694-9000

All American Sports Corp           Trade Debt             $409,808
4230 Paysphere Circle
Chicago, IL 60674

United Parcel Service              Trade Debt             $349,092
Lockbox 577
Carol Stream, IL 60132-0577

Gridiron Capital Partners, LLC     Management Fee         $300,000
220 Elm Street
New Canaan, CT 06840

Sabic IP US LLC                    Trade Debt             $286,530
24481 Network Place
Chicago, IL 60673-1244

NOCSAE                             Trade Debt             $257,038
10111 W. 87th Street
P.O. Box 12290
Overland Park, KS 66282-2290

Der-Tex Corporation                Trade Debt             $246,747

Scarbrough                         Trade Debt             $232,786

Zhuhai Putuo Com & Trading Co, Ltd Trade Debt             $207,392

Kline's                            Trade Debt             $158,443

Roto Plastics                      Trade Debt             $157,841

Akzo Nobel Coatings, Inc.          Trade Debt             $140,367

Marine Fasteners                   Trade Debt             $132,929

Arrow Box Company                  Trade Debt             $107,092

St. Louis Business Forms           Trade Debt              $96,233

YRC                                Trade Debt              $93,008

Manufacturing Solutions Co, Ltd    Trade Debt              $80,512

The Manning Passing Academy        Sponsorship             $75,000

ABF Freight System, Inc            Trade Debt              $68,289

Davis & Hosfield Consulting LLC    Professional            $51,439
                                   Service

LMC Industries                     Trade Debt              $50,385

Innotek Powder Coatings, LLC       Trade Debt              $49,020

Alan Abeshaus, Sandra Abeshaus     Lease Payment           $43,750
And the Sandra Abeshaus Grantor
Retained Annuity Trust

Scovill Fasteners, Inc.            Trade Debt              $43,365

Keystone Steel and Wire            Trade Debt              $42,852

Thorp Reed & Armstrong, LLP        Professional            $40,658
                                   Service

Perryman Company                   Trade Debt              $37,562

A. M. Logistics, Inc.              Trade Debt              $33,720

McGladrey & Pullen                 Professional            $31,410
                                   Service

American Football Coaches Assoc.   Marketing Service       $30,000


SHUBH HOTELS: Files for Chapter 11 to Stay Foreclosure
------------------------------------------------------
Boca Raton, Florida-based Shubh Hotels Pittsburgh, LLC, filed a
Chapter 11 petition on September 7 in Pittsburgh, Pennsylvania
(Bankr. W.D. Pa. Case No. 10-26337).

Shubh is the owner of the former Pittsburgh Hilton Hotel.  The
Hilton chain recently pulled its name from the property,
effectively severing ties to the company's reservations system.

The Debtor estimated $10 million to $50 million in assets and $50
million to $100 million in debts in its Chapter 11 petition.

According to Pittsburgh Post-Gazette, the Chapter 11 filing came
three days after lender BlackRock Financial Management Inc. filed
a complaint in Allegheny County Common Pleas Court to foreclose
against Shubh and CEO Atul Bisaria.  In the complaint, BlackRock
sought the sale of the prominent Downtown hotel and a judgment of
$49.6 million against Shubh, the amount of the mortgage.

The bankruptcy filing stays the foreclosure and also halts a move
to appoint a receiver to oversee operations at the hotel.

Black Rock was listed as Shubh's largest unsecured creditor for a
$20 million undersecured portion of the mortgage loan on the
Downtown hotel and convention complex.


SHUBH HOTELS: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Shubh Hotels Pittsburgh, LLC
        910 Clint Moore Road
        Boca Raton, FL 33487

Bankruptcy Case No.: 10-26337

Chapter 11 Petition Date: September 7, 2010

Court: U.S. Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Debtor's Counsel: Scott M. Hare, Esq.
                  Frick Building, Suite 1806
                  437 Grant Street
                  Pittsburgh, PA 15219
                  Tel: (412) 338-8632
                  Fax: (412) 338-6611
                  E-mail: scott@scottlawpgh.com

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

Estimated Debts: $50,000,001 to $100,000,000

The petition was signed by Atul Bisaria, member.

Debtor's List of 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Black Rock Financial Management    Mortgage Loan       $20,000,000
Inc.
40 East 52nd Street
New York, NY 10022

Hilton Hotels Corporation          Franchise            $4,224,000
755 Crossover Lane
Memphis, TN 38117

Crescent Hotels & Resorts          Trade Debt             $672,826
Corporate Office
10304 Eaton Place, Suite 460
Fairfax, VA 22030

Rush Air                           Trade Debt             $535,863
1701 Sinclair Street
St. Clair, MI 48079

HEREIU                             Pension                $450,266
Contribution Accounting
International Funds
P.O. Box 6557
Aurora, IL 60598-0557

Richfield Hospitality              Trade Debt             $245,000

Central Pension Fund               Pension                $153,764

Servicemaster                      Trade Debt             $153,059

Chester Pool Systems Inc.          Trade Debt             $127,370

P J Dick Incorporated              Trade Debt             $126,981

Goldberg Kamin & Garvin            Trade Debt             $120,000

Reed Smith                         Legal Fees             $102,000

RKB Electric and Supply LLC        Trade Debt              $87,850

Willis of Pennsylvania, Inc.       Trade Debt              $75,189

Cleancare Smart Linen              Trade Debt              $74,183

Constellation New Energy, Inc.     Trade Debt              $67,007

Pa Joint Board Unite Here          Pension                 $53,766

Pittsburgh Building Owners         Pension                 $45,005
Welfare Fund

PittsburghWater & Sewer Auth.      Utilities               $37,762

Architectural Design, Inc.         Trade Debt              $37,500


SMART ONLINE: Atlas Capital Acquires $200,000 Convertible Note
--------------------------------------------------------------
Atlas Capital SA disclosed in a Form 4 filing that it acquired
$200,000 in Convertible Secured Subordinated Note, due
November 14, 2013, issued by Smart Online, Inc.

The Note is convertible into Smart Online common stock at the
lowest "applicable conversion determined for each Note (issued to
any noteholder), which will be calculated by multiplying 120% by
the lowest of (a) the average of the high and low prices of the
Company's common stock on the OTCBB averaged over the 5 trading
days prior to the closing date of the Note's issuance, (b) if the
Company's common stock is not traded on the Over-The Counter
market, the closing price of the common stock reported on the
principal exchange on which the common stock is listed, averaged
over the 5 trading days prior to the closing date of the Note's
issuance, or (c) the closing price of the Company's common stock
on the OTCBB or the principal exchange on which the common stock
is listed, as applicable, on the trading day preceding the date
such Note is converted, in each case as adjusted for stock splits,
dividends or combinations, recapitalizations or similar events.

Pursuant to the Form 4 filing, Atlas may be deemed to hold
9,550,000 company shares.

                        About Smart Online

Headquartered in Durham, North Carolina, Smart Online, Inc. (OTC
BB: SOLN) -- http://www.smartonline.com/-- develops and markets
software products and services targeted to small  businesses that
are delivered via a Software-as-a-Service (SaaS), or SaaS, model.
The Company also provides Web site consulting services, primarily
in the e-commerce retail industry products and services.

                          *     *     *

The Company's balance sheet at June 30, 2010, showed $1.05 million
in total assets, $17.84 million in total liabilities, and a
$16.78 million stockholders' deficit.  Stockholders' deficit was
$16.31 million at March 31.


STANBERY DEVELOPMENT: Faces Bank Foreclosure Suit
-------------------------------------------------
Brian R. Ball, writing for Business First of Columbus, reports
that Huntington National Bank has sued Stanbery Development LLC
for repayment of roughly $100 million of construction loans the
bank extended for the developer's Columbus headquarters and four
East Coast shopping plazas.

The lawsuit was filed August 30 in Franklin County Common Pleas
Court.  According to the report, the bank seeks appointment of a
receiver for the downtown office building at 328 Civic Center
Drive and the shopping centers in Vestal, N.Y., and Gloucester
Township, Flemington and North Brunswick, N.J.  According to a
forbearance agreement between Huntington and the developer,
Stanbery has consented to the receiver's appointment and the
properties' sale.

The report relates the lawsuit centers on construction loans for
the retail centers taken out in 2006 and 2007.  Those loans were
due in 2008 and 2009, though two of them were extended into this
year.  The report says the largest of the centers is the Shoppes
at North Brunswick, a 150,000-square-foot center in central New
Jersey, that Stanbery said opened in November 2007.  Huntington
loaned $31.7 million for the project.


STANFORD REGENCY: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Stanford Regency Plaza LLC
        820 Gladys Avenue
        Los Angeles, CA 90021

Bankruptcy Case No.: 10-45729

Chapter 11 Petition Date: August 24, 2010

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

Judge: Thomas B. Donovan

Debtor's Counsel: Michael Jay Berger, Esq.
                  9454 Wilshire Boulevard, 6th Floor
                  Beverly Hills, CA 90212-2929
                  Tel: (310) 271-6223
                  Fax: (310) 271-9805
                  E-mail: michael.berger@bankruptcypower.com

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

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

The petition was signed by Benhoor Hanasabazadeh, managing member.

Debtor's List of 20 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
ABS Technical Electric             Services               $866,385
Attn: Berhanu Tassew
740 E. Pico Bouelvard, Suite 205
Los Angeles, CA 90021

J.T.Wimsatt Contracting Co. Inc.   Materials              $743,823
28064 Avenue Stanford, Unit B
Valencia, CA 91355

Hoffman Management                 Services               $523,512
2301 E. 7th Street, D-116
Los Angeles, CA 90023

California Heating & Air           Services               $510,000
Conditioni
16160 Nordhoff Street
North Hills, CA 91343

Compton Steel                      Materials              $421,079
510 E. Euclid Avenue
Compton, CA 90222

Malcolm Drilling                   Services               $221,978

California Fire Protection         Services               $214,813

Schindler Elevator Corp.           Services               $164,881

Doja Inc.                          Services               $153,513

AMD Drywall                        Materials              $148,711

Charles Tan & Associates           Engineering             $94,800
                                   Services

Avenir Plumbing                    Services                $40,510
  dba Kechin Bros.

Southern California Steel          Materials               $38,232

J.S.S. Grading Corp.               Services                $32,854

Alacala Waterproofing              Services                $18,510

Power Plux                         Materials                $9,971

Parks Engineering & Construction   Services                 $4,048

American Rent A Fence              Services                 $4,000

Fisher Inspection Services, Inc.   Services                 $3,591

Allied North American              Services                 $2,500
Brokerage of Los Angeles, LLC


SUMNER REGIONAL: LifePoint Completes Purchase of Hospitals
----------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that LifePoint Hospitals Inc. said it has completed the
acquisition of the four non-profit acute-care hospitals in
Tennessee belonging to Sumner Regional Health Systems.  The price
was $145 million cash plus working capital.  Before the
acquisition, LifePoint had 48 hospitals in 17 states.

Gallatin, Tennessee-based Sumner Regional Health Systems, Inc. --
dba Sumner Regional Medical Center, SRHS Professional Services,
Sumner Station, Sumner In-Patient Rehabilitation Unit,
Westmoreland Pharmacy, Imaging for Women at Sumner Station,
Diagnostic Center at Sumner Station, Outpatient Rehab Services at
Sumner Station, The Fitness Center at Sumner Station, Sumner
Crossroads, and Executive House Apartments -- sought Chapter 11
bankruptcy protection (Bankr. M.D. Tenn. Case No. 10-04766) on
April 30, 2010 .  Robert A. Guy, Esq., at Frost Brown Todd LLC,
assists the Company in its restructuring effort.  The Company
estimated its assets and debts at $100 million to $500 million
at the time of the filing.


SUNESIS PHARMA: Files Prospectus for Resale of 175MM Shares
-----------------------------------------------------------
Sunesis Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission a prospectus relating to the disposition from
time to time of up to 175,847,950 shares of its common stock,
including 27,552,790 shares of common stock issuable upon the
exercise of outstanding warrants, which are held by selling
stockholders.  The Company filed an Amendment No. 1 to FORM S-3
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933.

The Company said the selling stockholders acquired the common
stock from the Company in separate closings of a private placement
on April 3, 2009, October 30, 2009 and June 30, 2010.  The selling
stockholders may resell or dispose of the shares of common stock,
or interests therein, at fixed prices, at prevailing market prices
at the time of sale or at prices negotiated with purchasers, to or
through underwriters, broker-dealers, agents, or through any other
means.  The selling stockholders will bear all commissions and
discounts, if any, attributable to the sale or disposition of the
shares, or interests therein.  The Company will bear all costs,
expenses and fees in connection with the registration of the
shares.  The Company will not receive any of the proceeds from the
sale of these shares of common stock by the selling stockholders.
The Company will, however, receive the net proceeds of any
warrants exercised for cash.

A full-text copy of the prospectus is available at no charge
at http://ResearchArchives.com/t/s?6ade

                   About Sunesis Pharmaceuticals

South San Francisco, Calif.-based Sunesis Pharmaceuticals, Inc.
(NASDAQ: SNSS) -- http://www.sunesis.com/-- is a
biopharmaceutical company focused on the development and
commercialization of new oncology therapeutics for the treatment
of hematologic and solid tumor cancers.

Sunesis' balance sheet at June 30, 2010, showed $49.84 million in
total assets, $5.53 million in total liabilities, $61,741 in non-
current portion of deferred rent, and $44.25 million in
stockholders' equity.

                           *     *     *

As reported in the Troubled Company Reporter on April 6, 2010,
Ernst & Young, LLP, in Palo Alto, Calif., expressed substantial
doubt about the Company's ability to continue as a going concern
after auditing the Company's financial statements for 2009.  The
independent auditors noted that of the Company's recurring losses
from operations.


TAYLOR BEAN: Former Chair Says He Has No Defense Funds
------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Lee Farkas, former chairman of Taylor, Bean &
Whitaker Mortgage Corp., is asking the bankruptcy judge to give
him access to the directors' and officers' insurance policy.

According to the report, Mr. Farkas is facing trial in November on
an indictment charging him with concealing mortgage assets that
were worthless or losing value and representing them as being
securitized and sold into the secondary market.  With his assets
frozen by the government, he says he has no funds to pay his
defense lawyer for the criminal case.

Mr. Rochelle relates that the bankruptcy judge is convening a
preliminary hearing on September 10 to consider a request by
National Union Fire Insurance Co. of Pittsburgh for permission to
make payments for legal fees incurred by company managers. Taylor
Bean and the creditors' committee don't want the $5 million
directors and officers' policy depleted by former executives
because they say the company too has claims for reimbursement
under the policy.

                         About Taylor Bean

Taylor, Bean & Whitaker Mortgage Corp. grew from a small Ocala-
based mortgage broker to become one of the largest mortgage
bankers in the United States.  In 2009, Taylor Bean was the
country's third largest direct-endorsement lender of FHA-insured
loans of the largest wholesale mortgage lenders and issuer of
mortgage backed securities.  It also managed a combined mortgage
servicing portfolio of approximately $80 billion.  The company
employed more that 2,000 people in offices located throughout the
United States.

Taylor Bean filed for Chapter 11 bankruptcy protection August 24
(Bankr. M.D. Fla. Case No. 09-07047).  Taylor Bean filed the
Chapter 11 petition three weeks after federal investigators
searched its offices.  The day following the search, the Federal
Housing Administration, Ginnie Mae and Freddie Mac prohibited the
company from issuing new mortgages and terminated servicing
rights.  Taylor Bean estimated more than $1 billion in both assets
and liabilities in its bankruptcy petition.

Edward J. Peterson, III, Esq., at Stichter, Riedel, Blain &
Prosser, PA, in Tampa, Florida, represents the Debtor.  Troutman
Sanders LLP is special counsel.  BMC Group, Inc., serves as claims
agent.


TELKONET INC: Annual Stockholders' Meeting Set for Nov. 17
----------------------------------------------------------
The annual meeting of stockholders of Telkonet, Inc., will be held
on November 17, 2010 at 10:00 a.m., local time, at its corporate
offices, 10200 Innovation Drive, Suite 300, in Milwaukee,
Wisconsin, for these purposes:

     -- To elect four directors, each to serve until the next
        annual meeting of stockholders and until his successor has
        been elected and qualified;

     -- To approve an amendment to the Telkonet, Inc. Amended and
        Restated Articles of Incorporation, as amended, to
        increase the number of authorized shares of its common
        stock from 155,000,000 to 190,000,000;

     -- To approve the Telkonet, Inc. 2010 Stock Option and
        Incentive Plan;

     -- To ratify the appointment of independent accountants for
        2010; and

     -- To transact such other business as may properly come
        before the Meeting.

Only holders of record of the Company's common stock, par value
$0.001 per share, the Company's Series A Preferred Stock, par
value $0.001 per share, and the Company's Series B Preferred
Stock, par value $0.001 per share, at the close of business on
September 20, 2010, the record date, are entitled to notice of and
to vote at the Meeting.

A full-text copy of the Company's proxy statement is available at
no charge at http://ResearchArchives.com/t/s?6ad8

                          About Telkonet

Milwaukee, Wisconsin-based Telkonet, Inc. is a clean technology
company that develops and manufactures proprietary energy
efficiency and smart grid networking technology.

The Company's balance sheet at June 30, 2010, showed
$16.17 million in total assets, $8.29 million in total current
liabilities, $697,557 in total long-term liabilities, and
$6.37 million in stockholders' equity.

RBSM LLP, in New York, expressed substantial doubt about the
Company's ability to continue as a going concern, following the
Company's 2009 results.  The independent auditors noted that of
the Company's significant operating losses in the current year and
in the past.


TEXAS RANGERS: Lenders Lose Dispute on Aircraft Rent
----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the buyers of the Texas Rangers baseball club came
out on top in the largest remaining dispute in the Chapter 11
case.  The secured lenders, owed $525 million, argued that the
buyers and not the company in bankruptcy should pay some
$2 million for rental of the team's airplane for October and
November.

According to Mr. Rochelle, U.S. Bankruptcy Judge Michael Lynn
wrote an opinion September 1 saying that the buyer's contract,
which he approved in August, requires the bankrupt company to pay
rent.  The lenders unsuccessfully argued that the buyer said
during the auction that they would pick up the rent.

                   About Texas Rangers Baseball

Texas Rangers Baseball Partners owns and operates the Texas
Rangers Major League Baseball Club, a professional baseball club
in the Dallas/Fort Worth Metroplex.  TRBP is a Texas general
partnership, in which subsidiaries of HSG Sports Group LLC own a
100% stake.  Controlled by Thomas O. Hicks, HSG also indirectly
wholly-owns Dallas Stars, L.P., which owns and operates the Dallas
Stars National Hockey League franchise.  The Texas Rangers have
had five owners since the club moved to Arlington in 1972.  Mr.
Hicks became the fifth owner in the history of the Texas Rangers
on June 16, 1998.

In its petition, Texas Rangers Baseball Partners said it had both
assets and debt of less than $500 million.

Martin A. Sosland, Esq., at Weil, Gotshal & Manges LLP, serves as
bankruptcy counsel to the Debtor.  Forshey & Prostok LLP is the
conflicts counsel.  Parella Weinberg Partners LP serves as
financial advisor.

Lenders to the Texas Rangers sought to force the baseball team's
equity owners -- Rangers Equity Holdings, L.P. and Rangers Equity
Holdings GP, LLC -- into bankruptcy court protection (Bankr. N.D.
Tex. Case No. 10-43624 and 10-43625).  The lenders, a group that
includes investment funds Monarch Alternative Capital and
Kingsland Capital Management, filed an involuntary bankruptcy
petition on May 28 against the two companies.  The two companies
were not included in the May 24 Chapter 11 filing of TRBP.

U.S. Bankruptcy Judge Stacey G. C. Jernigan on August 5 confirmed
the fourth amended version of the Prepackaged Plan of
Reorganization of Texas Rangers Baseball Partners.  The judge's
confirmation order clears the way for a group of Hall of Fame
pitcher Nolan Ryan, and Pittsburgh sports attorney and minor-
league team owner Charles Greenberg to purchase the Texas Rangers.
The Ryan group paid $385 million in cash and assumed $208 million
in liabilities.  The Ryan group outbid Dallas Mavericks owner Mark
Cuban at an auction.


TRIBUNE CO: Aurelius Proposes to Access Depository Documents
------------------------------------------------------------
Aurelius Capital Management, LP, manager of funds that are
beneficial owners of certain bonds issued by Tribune Company, asks
the Court to direct JPMorgan Chase Bank, N.A., and JPMorgan
Securities, Inc., to permit it to access the documents in the
document depository established under the Court's December 15,
2009 order:

  (i) authorizing the Debtors to establish a Document Depository
      and directing the Official Committee of Unsecured
      Creditors to deliver certain documents to the Depository
      pursuant to Rule 2004 of the Federal Rule of Bankruptcy
      Procedure; and

(ii) establishing settlement negotiation protections pursuant
      to Section 105(a) of the Bankruptcy Code.

Aurelius says it plans to exercise its right to actively
participate in negotiations and court proceedings concerning
confirmation of the Debtors' plan of reorganization.

In connection with the investigation into causes of action related
to the Debtors' 2007 leveraged buyout transaction, the Court
entered the Depository Order that arranged for a Depository for
which the Debtors would maintain and store certain discovery
materials produced by various parties relating to the LBO.  The
Depository Order set forth procedures for access to the Depository
Documents.

Pursuant to the Depository Order, Aurelius has signed an
Acknowledgment and Agreement with the Debtors under which, among
other things, Aurelius and its "Designated Representatives" agreed
to be bound by procedures approved by the Court in the Depository
Order to maintain the confidentiality of certain Depository
Documents.

JPMorgan had objected to Aurelius accessing the Debtors'
Depository Documents.  JPMorgan was the only Producing Party to
object providing Aurelius with that access.

Aurelius asserts that there is no basis for JPMorgan's refusal to
consent to Aurelius accessing their Depository Documents.

Aurelius, however, withdrew the Motion on August 25, 2010.

                         About Tribune Co

Headquartered in Chicago, Illinois, Tribune Co. --
http://www.tribune.com/-- is a media company, operating
businesses in publishing, interactive and broadcasting, including
ten daily newspapers and commuter tabloids, 23 television
stations, WGN America, WGN-AM and the Chicago Cubs baseball team.

The Company and 110 of its affiliates filed for Chapter 11
protection on December 8, 2008 (Bankr. D. Del. Lead Case No. 08-
13141).  The Debtors proposed Sidley Austion LLP as their counsel;
Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware counsel;
Lazard Ltd. And Alvarez & Marsal North Americal LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims agent.  As
of December 8, 2008, the Debtors have $7,604,195,000 in total
assets and $12,972,541,148 in total debts.

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


TRIBUNE CO: Proposes Jones Day as Counsel to Board
--------------------------------------------------
Tribune Co. and its units seek the Court's authority to retain,
nunc pro tunc to August 22, 2010, Jones Day as special counsel for
the special committee of Tribune Company's Board of Directors.

On July 26, 2010, Kenneth N. Klee, as Examiner, issued a report
summarizing his findings with respect to the leveraged buyout,
including conclusions regarding potential causes of action arising
from the transaction.  Following the release of the Examiner's
Report, some of the parties to the plan support agreement relating
to the Plan terminated the plan support agreement.  In response,
the Board recently determined that a special committee of
independent directors should be formed to oversee the Plan
process.  The Special Committee consists of four independent
directors of the Board including Mark Shapiro, Jeffrey S. Berg,
Maggie Wilderotter and Frank Wood.  Each one of these directors
became members of the Board upon or after the consummation of the
transactions that are the subject of the Examiner's Report.

The Special Committee has been specifically charged with these
matters:

  * reviewing, evaluating and approving, from time to time as
    appropriate or advisable, the structure, terms or condition
    of, and authorizing the execution and filing of, any plan of
    reorganization and any and all amendments, modifications,
    supplements and exhibits;

  * taking any action to resolve any and all claims, causes of
    action, avoidance powers or rights, and legal or equitable
    remedies against the Company or any of its subsidiaries,
    including, without limitation, any Claims arising from any
    transaction related to the leveraged buy-out of the Company,
    including, without limitation, the purchase by the Company
    of its common stock on or about June 4, 2007, the merger and
    related transactions involving the company on or about
    December 20, 2007, and any financing committed to, incurred
    or repaid in connection with any transaction, regardless of
    whether those Claims may be asserted pursuant to the
    Bankruptcy Code or any other applicable law, including,
    without limitation, the review, evaluation and approval of
    any support agreement or any agreement for the satisfaction,
    settlement, discharge or release of any Claims;

  * taking any action from time to time as the Special Committee
    deems appropriate or advisable to fully inform itself with
    respect to any Claims or the structure, terms or conditions
    of any plan of reorganization;

  * reviewing, evaluating and approving, and authorizing the
    execution and filing of, any and all petitions, schedules,
    motions, lists, applications, pleadings, and other papers,
    and to taking any and all further actions the Special
    Committee deems appropriate or advisable in connection with
    the Chapter 11 cases; and

  * taking other actions to assist the Board in carrying out its
    responsibilities as the Board may delegate to or request of
    the Special Committee from time to time.

In its capacity as Special Committee to the full Board, the
Special Committee is authorized to employ, at the Debtors'
expense, legal counsel and other professionals, as necessary, to
carry out the duties of the Special Committee.  In that regard,
the Special Committee has retained Jones Day as its counsel to
assist the Special Committee in the conduct of the Special
Committee Matters.

The Debtors anticipate that Jones Day will provide legal services
and advise the Special Committee with respect to the Special
Committee Matters, and more specifically, advise the Special
Committee with respect to:

  (a) any plan of reorganization;

  (b) any and all claims, causes of action, avoidance powers or
      rights and legal or equitable remedies arising out of the
      LBO: and

  (c) other, similar matters as the Special Committee may
      request during the pendency of the Chapter 11 cases
      related to the Special Committee Matters.

The Debtors will pay Jones Day in accordance with the firm's
current hourly rates:

    Professional                  Hourly Rate
    ------------                  -----------
    David G. Heiman                  $900
    Frederick E. Sherman             $800
    Brad B. Erens                    $775
    Elizabeth C. Kitslaar            $725
    David A. Hall                    $525
    David B. Shafer                  $375

The Debtors will also reimburse Jones Day for customary out-of-
pocket expenses and internal charges including mail, special and
hand delivery charges, photocopying, travel expenses and
transcription costs.

David G. Heiman, Esq., at Jones Day, assures the Court that his
firm does not hold or represent an interest that is adverse to the
Special Committee or the Debtors' estates with respect to the
matters for which it is to be employed.

According to Mr. Heiman, Jones Day received $130,394 from the
Debtors within one year before the Petition Date, and $138,372
since the Petition Date, on account of services rendered with
regard to certain anti-trust matters.

                         About Tribune Co

Headquartered in Chicago, Illinois, Tribune Co. --
http://www.tribune.com/-- is a media company, operating
businesses in publishing, interactive and broadcasting, including
ten daily newspapers and commuter tabloids, 23 television
stations, WGN America, WGN-AM and the Chicago Cubs baseball team.

The Company and 110 of its affiliates filed for Chapter 11
protection on December 8, 2008 (Bankr. D. Del. Lead Case No. 08-
13141).  The Debtors proposed Sidley Austion LLP as their counsel;
Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware counsel;
Lazard Ltd. And Alvarez & Marsal North Americal LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims agent.  As
of December 8, 2008, the Debtors have $7,604,195,000 in total
assets and $12,972,541,148 in total debts.

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


TRIBUNE CO: Saul Ewing Charges $3.27MM for May to August Work
-------------------------------------------------------------
These professionals ask the Court to direct payment of their final
fee applications for worked performed in the Chapter 11 cases of
Tribune:

Professional               Period          Fees        Expenses
------------               ------          ----        --------
Saul Ewing LLP          05/01/10-
                         08/30/10        $3,273,373     $185,412

Klee, Tuchin, Bogdanoff 04/30/10-
& Stern LLP             08/20/10         4,411,195       74,927

Kenneth N. Klee         04/30/10-
                         08/20/10           663,292       27,422

Saul Ewing and Klee Tuchin serve as counsel to Kenneth N. Klee,
the examiner.

                         About Tribune Co

Headquartered in Chicago, Illinois, Tribune Co. --
http://www.tribune.com/-- is a media company, operating
businesses in publishing, interactive and broadcasting, including
ten daily newspapers and commuter tabloids, 23 television
stations, WGN America, WGN-AM and the Chicago Cubs baseball team.

The Company and 110 of its affiliates filed for Chapter 11
protection on December 8, 2008 (Bankr. D. Del. Lead Case No. 08-
13141).  The Debtors proposed Sidley Austion LLP as their counsel;
Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware counsel;
Lazard Ltd. And Alvarez & Marsal North Americal LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims agent.  As
of December 8, 2008, the Debtors have $7,604,195,000 in total
assets and $12,972,541,148 in total debts.

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



TRIUS THERAPEUTICS: June 30 Balance Sheet Upside-Down by $57.7MM
----------------------------------------------------------------
Trius Therapeutics, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $2.3 million on $2.1 million of revenue
for the three months ended June 30, 2010, compared with a net loss
of $5.3 million on $1.2 million of revenue for the same period
last year.

The Company's balance sheet as of June 30, 2010, showed
$15.6 million in total assets, $22.2 million in total liabilities,
$729,000 in convertible preferred stock, $50.4 million in
redeemable convertible preferred stock, and a stockholders'
deficit of $57.7 million.

The Company has incurred losses since its inception and it
anticipates that it will continue to incur losses for at least the
next several years.  The Company does not anticipate that its
existing working capital, including the funds received on
August 6, 2010, from its IPO, alone will be sufficient to fund its
operations through the successful development and
commercialization of torezolid phosphate or any other products it
develops.  As a result, the Company says it will need to raise
additional capital to fund its operations and continue to conduct
clinical trials to support potential regulatory approval of
torezolid phosphate and any other product candidates.

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

                 http://researcharchives.com/t/s?6acc

                     About Trius Therapeutics

San Diego, Calif.-based Trius Therapeutics, Inc. (Nasdaq: TSRX) --
http://www.triusrx.com/-- is a biopharmaceutical company focused
on the discovery, development and commercialization of innovative
antibiotics for serious, life-threatening infections.  The
Company's first product candidate, torezolid phosphate, is an IV
and orally administered second generation oxazolidinone being
developed for the treatment of serious gram-positive infections,
including those caused by MRSA.  In addition to the company's
torezolid phosphate clinical program, it is currently conducting
two preclinical programs using its proprietary discovery platform
to develop antibiotics to treat infections caused by gram-negative
bacteria.


TRUVO USA: Disclosure Statement Hearing Resumes Today
-----------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that the bankruptcy judge held a hearing on September 1 to
consider approval of the disclosure statement explaining the
Chapter 11 plan for Truvo Luxemburg Sarl.  Truvo will make changes
in the disclosure statement prior to another hearing on Sept. 8.

The Plan is opposed by the unsecured creditors' committee
comprised of two holders of second-lien debt and their indenture
trustee. The members are AllianceBernstein LP, Normandy Hill
Capital LP, and Bank of New York Mellon-London Branch as indenture
trustee.

Under the Plan, the senior lenders under are to receive the new
equity plus EUR600 million new debt.  In return for the EUR595
million on two issues of second-priority notes, the holders are to
be given EUR15 million and warrants for 14% of the stock at a
EUR150 million price.  If the second lien lenders vote against the
plan, they are to receive nothing.  For the EUR174 million on pay-
in- kind third-priority notes, holders will receive warrants for 1
percent of the stock.  If the class votes against the plan, they
are to receive nothing.  The new debt for the senior lenders is to
consist of EUR350 million in first-lien debt, EUR100 million in
second-lien debt, and EUR150 million in pay-in-kind debt.

A full-text copy of the Disclosure Statement is available for free
at http://bankrupt.com/misc/TruvoUSA_DS.pdf

                          About Truvo USA

Wilmington, Delaware-based Truvo USA LLC is a non-operating
subsidiary of Belgium-based Truvo Luxembourg S.a.r.l, which
publishes print and online directories through its operating
subsidiaries.

Truvo USA and other non-operating affiliates filed for Chapter 11
bankruptcy protection on July 1, 2010 (Bankr. S.D.N.Y. Lead Case
No. 10-13513). The Company estimated $500 million to $1 billion in
assets and more than $1 billion in debts in its Chapter 11
petition.

Sean A. O'Neal, Esq., and Thomas J. Moloney, Esq., at Cleary
Gottlieb Steen & Hamilton, LLP, and Vincent Edward Lazar, Esq., at
Jenner & Block LLP, assist the Company in its restructuring
effort.  Jenner & Block LLP and Simpson Thacher & Bartlett LLP are
the Company's special counsel.  Houlihan Lokey Howard & Zukin
(Europe), Limited, is the Company's restructuring and financial
advisor.

Truvo Luxembourg and its operating subsidiaries have not sought
protection under Chapter 11 protection or any other insolvency
regime.


VALENCE TECHNOLOGY: Director Berg Acquires 7.24MM Shares
--------------------------------------------------------
Carl E. Berg, director at Valence Technology Inc., disclosed in a
Form 4 regulatory filing that on August 26, 2010, he acquired
7,247,882 shares of the Company's common stock at $0.76 apiece,
raising his stake to 39,761,791 shares.

The securities are owned by Berg & Berg Enterprises, LLC.  The
designated beneficial owner disclaims beneficial ownership except
to the extent of their respective pecuniary interests therein.

The number of shares of common stock, par value of $0.001 per
share, outstanding at July 31, 2010 was 133,142,525.

                     About Valence Technology

Austin, Texas-based Valence Technology, Inc. (NASDAQ: VLNC) --
http://www.valence.com/-- is a global leader in the development
of safe, long-life lithium iron magnesium phosphate energy storage
solutions and provides the enabling technology behind some of the
world's most innovative and environmentally friendly applications.
Valence Technology has its Research & Development Center in
Nevada, its Europe/Asia Pacific Sales office in Northern Ireland
and global fulfillment centers in North America and Europe.

The Company's balance sheet at June 30, 2010, showed
$22.75 million in total assets, $94.51 million in total
liabilities, and a stockholders' deficit of $80.37 million.

PMB Helin Donovan LLP expressed substantial doubt about Valence
Technology Inc.'s ability as a going concern following the
Company's fiscal 2010 results.  The Company has incurred operating
losses each year since its inception in 1989 and had an
accumulated deficit of $581 million as of March 31, 2010.  For the
fiscal years ended March 31, 2010, 2009, and 2008 the Company
sustained net losses available to common stockholders of
$23.2 million, $21.4 million, and $19.6 million, respectively.


VAN CHASE: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: Van Chase, LLC
        51 Thunderbowl Lane
        Aspen, CO 81611

Bankruptcy Case No.: 10-31555

Chapter 11 Petition Date: August 24, 2010

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

Judge: Sidney B. Brooks

Debtor's Counsel: John D. LaSalle, Esq.
                  715 West Main Street, Suite 201
                  Aspen, CO 81611
                  Tel: (970) 925-6633
                  E-mail: lasalle@sopris.net

Scheduled Assets: $26,528,200

Scheduled Debts: $15,150,964

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

The petition was signed by Jeff Vanderpol, manager/sole member.


WESTERN LIBERTY: Reaches Consent Pact With FDIC on Merger Bank
--------------------------------------------------------------
Western Liberty Bancorp. said in a regulatory filing that it
reached a consent agreement with the Federal Deposit Insurance
Corp.

Western Liberty entered into a Merger Agreement, dated as of
November 6, 2009, for the merger of WL-S1 Interim Bank, a Nevada
corporation, with and into Service1st Bank of Nevada, a Nevada-
chartered non-member bank.  The surviving entity would become a
wholly owned subsidiary of Western Liberty.  The Service1st
Acquisition has not yet been completed.

On September 1, 2010, Service1st, without admitting or denying any
possible charges relating to the conduct of its banking
operations, agreed with the FDIC and the Nevada Financial
Institutions Division to the issuance of a Consent Order.  Under
the Consent Order, Service1st has agreed, among other things, to:

    (i) assess the qualification of, and have and retain
        qualified, senior management commensurate with the size
        and risk profile of Service1st;

   (ii) maintain a Tier 1 leverage ratio at or above 8.5% (as of
        June 30, 2010, Service1st's Tier 1 leverage ratio was at
        9.62%) and a total risk-based capital ratio at or above
        12.0% (as of June 30, 2010, Service1st's total risk-based
        capital ratio was at 16.88%);

  (iii) continue to maintain an adequate allowance for loan and
        lease losses;

   (iv) not pay any dividends without prior bank regulatory
        approval;

    (v) formulate and implement a plan to reduce Service1st's
        risk exposure to adversely classified assets;

   (vi) not extend additional credit to any borrower whose loan
        has been charged-off or classified "loss";

  (vii) not extend additional credit to any borrower whose loan
        has been classified as "substandard" or "doubtful" without
        prior approval from Service1st's board of directors or
        loan committee;

(viii) formulate and implement a plan to reduce risk exposure to
        its concentration in commercial real estate loans;

   (ix) formulate and implement a plan to address profitability;
        and

    (x) not accept brokered deposits (which includes deposits
        paying interest rates significantly higher than prevailing
        rates in Service1st's market area) and reduce its reliance
        on existing brokered deposits, if any.

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

               http://researcharchives.com/t/s?6adf

              Appointment of Chair of Audit Committee

Upon consummation of the Acquisition, Gerald F. Hartley, who was
to serve as a director of WLBC and Service1st and as Chairman of
the Audit Committee of WLBC's board of directors, will no longer
serve in those capacities.  Curtis W. Anderson, who was previously
announced to serve as a director of WLBC upon consummation of the
Acquisition, will now serve as Chairman of the Audit Committee.
Following consummation of the Acquisition, WLBC's board of
directors will be comprised of Michael B. Frankel, Terrence L.
Wright, Jason N. Ader, Richard A.C. Coles, Robert G. Goldstein,
Blake L. Sartini, William E. Martin and Curtis W. Anderson.

                       About Western Liberty

Western Liberty Bancorp, formerly Global Consumer Acquisition
Corp., was formed to consummate an acquisition, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses.  The
Company is focused on operating as a bank holding company.  It
focuses on providing a range of community banking services.
During the year ended December 31, 2009, the Company had not
generated any revenue.


ZOLON CORPORATION: Reports $294,900 Net Income in June 30 Quarter
-----------------------------------------------------------------
Zolon Corporation filed its quarterly report on Form 10-Q,
reporting net income of $249,878 on $4.3 million of revenue for
the three months ended June 30, 2010, compared with a net loss of
$28,261 on $12,475 of revenue for the same period last year.

The Company's balance sheet at June 30, 2010, showed $8.9 million
in total assets, $6.7 million in total liabilities, and
stockholders' equity of $2.2 million.

Jewett, Schwartz, Wolfe & Associates,in Hollywood, Fla., expressed
substantial doubt about the Company's ability to continue as a
going concern, following its 2009 results.  The independent
auditors noted that the Company needs to seek new sources or
methods of financing or revenue to pursue its business strategy.

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

              http://researcharchives.com/t/s?6ace

                     About Zolon Corporation

Miami, Fla.-based Zolon Corporation is presently focused in the
Information Technology (IT) and Software enabled service areas
which it has begun to enter through a series of strategic business
combinations.  The Company intends to target companies in the
Financial Services, Health Care and Telecom sectors to create a
diversified portfolio.


* Warwick Capital to Raise Additional $100 Million for Debt Fund
----------------------------------------------------------------
Kate Haywood at Bloomberg News reports that Ian Burgess and
Alfredo Mattera, who headed the credit unit at London-based asset
manager Polygon, are seeking $100 million for a distressed debt
fund.  Warwick Capital Partners LLP's European Special Situations
and Distressed Credit Fund will bet the world's riskiest borrowers
could struggle to refinance should the global economy slow,
according to Mr. Burgess.  Warwick raised $100 million of capital
in May and the new fundraising is expected to be completed by
Nov. 1, he said.


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------

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/

March 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/

April 27-29, 2011
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Spring Conference
        JW Marriott, Chicago, IL
           Contact: http://www.turnaround.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: August 16, 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 ***